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DeFi Monthly Roundup: February-March
Ethena Labs' synthetic stablecoin USDe has turned heads with its 60% annualized yield this month – a beacon for some investors and a red flag for others. Meanwhile, the overall DeFi market is thriving as the total value locked has surpassed $100 billion. This growth is driven by performance of Solana, Base, and BSC as well as lending and liquid staking products. Apart from this, EigenLayer's decision to remove its staking cap has catapulted it to the second-largest DeFi protocol by total value locked. This edition of the monthly DeFi roundup provides a summary of all these trends.
Ethena Labs' synthetic stablecoin USDe has turned heads with its 60% annualized yield this month – a beacon for some investors and a red flag for others. Meanwhile, the overall DeFi market is thriving as the total value locked has surpassed $100 billion. This growth is driven by performance of Solana, Base, and BSC as well as lending and liquid staking products. Apart from this, EigenLayer's decision to remove its staking cap has catapulted it to the second-largest DeFi protocol by total value locked. This edition of the monthly DeFi roundup provides a summary of all these trends.
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