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On today's issue:
Fed's rate cuts boost crypto
Aave up 55% MoM
Maples' USDC Yield
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Fed's rate cuts boost crypto
Jerome Powell spoke at the Jackson Hole Symposium last week. It was pretty clear that they are ready to cut rates. In this economy, it's a good thing for crypto because as MilkRoad stated:
"Lowered rates = lower loan/credit repayments = more money in everyone's pockets / incentive for folks to take out loans and spend on things including (but not limited to) crypto 💸"
Aave up 55% MoM
The movements in the market have made Aave generate 2.1M in revenue, and a total of 5m. 12x more times than it's closest competitor, and has a market cap of 2B. Still a 33x rev/ev multiple.
Aave is also #1 in terms of TVL on all L1s/L2s on the EVM.
With their upcoming fee switch, Aave is set to generate even more value to their token holders.
Maples' 20% USDC Yields
Maple, the DeFi RWA protocol that tokenized credit from private companies, is having some of the best yields in the market.
Maple has a basket of fixed rate overcollateralized loans. TVL has increased from 100M to over 200M YTD. A similar 2x growth in revenues, now over 100k in monthly revenues, but burning over 400k a month as an org.
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Disclosure: All content published is for informational purposes only, and does not constitute any sort of financial advice.
