The Hidden Potential of DeFi
summary
Bolide Finance claims an automated DeFi yield aggregator on BNB Chain with no lockup period, highest APY for BTC on BNB Chain, and strategies that open up to ten farming pairs simultaneously. Research shows DEX volume is up ~1.5% despite market cap halving, but liquidity is extremely concentrated (one pool had 14 wallets holding ~84% of funds; another had seven wallets holding ~50%). Protocol launches April 2022, auto-borrows across lending protocols, swaps fees into a utility token, lists on a tier-one exchange next week and undergoes a second audit.
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chapters (7)
- 0:00DeFi's hidden potential
- 1:34DeFi adoption patterns
- 4:02Why DeFi over centralized
- 6:34Market concentration challenges
- 7:35Ballet's yield aggregation
- 9:03How Ballet's protocol works
- 10:07Protocol growth and plans
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