Galactic Blue Index Report #4
In this weekly report, we will update you about the performance and notable events of the Galactic Blue Index and its constitutes.
Update for 02/03/2021 to 09/03/2021
Close: $1.08 (+14.89%)
- Index level
Close: 112.45 (+10.53%)
- AUM / TVL
Close: $372,168.99 (+10.75%)
- Total Weekly Trading Volume
- TOP 3
- LOW 3
Open cut off time: 2021–03–02 12:00:00 CET
Close cut off time: 2021–03–09 12:04:03 CET
Notable constituents update
Uniswap: the most adopted DEX in the cryptocurrency space keeps growing its team. If working in the crypto space is your cup of tea, check the tweet below.
Ethereum: one of the most anticipated updates, the Berlin hard fork, is taking place on April 14, 2021. Four Ethereum Improvement Protocols (EIPs) will be implemented, mainly updates to the EVM, increased gas efficiencies, and other enhanced protection against denial-of-service (DDoS) attacks.
Yearn Finance: launched a new LINK vault that, at the time of the tweet, generated 70% APY.
Wrapped Bitcoin: released an important announcement for all users who are borrowing/lending their WBTC in Compound.
Chainlink: has now live price feeds on the Optimistic Rollup ecosystem, Arbitrum.
Maker DAO: released an excellent interview of Prof. Tonya Evans, a Maker Foundation Board Chairperson, where she discusses how DeFi may be financially inclusive to minorities, and a solution to some of the current issues in traditional finance.
Compound: Proposal 039 has been opened for discussion and, as we wrote above, it changes some of the collateral factors. Users with BAT, ZRX and WBTC locked as collateral should pay close attention to the results.
SPICE: the team behind SPICE has just launched a brand new SCIFI raffle. It will award $500 worth of USDC to 10 winners!