Welcome to Skolem Segments, a newsletter where our team shares updates to the business and interesting DeFi opportunities and developments. If you're new here, we're excited to welcome you to our Segments for our monthly updates.

Skolem Announcements

  • Skolem is excited to share our metric streaming functionality for all Temporal actions! This means that users are able to receive metrics such as price, supply/borrow APYs, asset balances/movements, loan health, and more across markets that refresh in real-time as new blocks are produced on-chain.
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State of the Market

DeFi Yield Opportunities

These are some of the most interesting new yield opportunities surfaced by the Skolem team.

Any information covered in Skolem Segments should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions. Any mention of a token or protocol should not be considered a recommendation or endorsement.

[USDC] 19% APY with USDC by depositing USDC on Locus Finance

  • Yield is earned in USDC
  • To participate, deposit USDC in the DeFi Core Index vault
  • Risk: Smart contract risk exists for dapps like Locus Finance

[USDC] 25% APY with USDC by depositing USDC on Morpho

  • Yield is earned in USDC and MORPHO
  • To participate, supply USDC into the Aave v2 Optimizer
  • Risk: Smart contract risk exists for dapps like Morpho; MORPHO is not transferable at the moment, but governance may enable transferability

[LOOKS] 22% APY with LOOKS by depositing LOOKS on LooksRare

  • Yield is auto-compounded and earned in LOOKS through the LOOKS Compounder, or users can earn LOOKS and WETH for 20% APY
  • To participate, deposit LOOKS into the Compounder or Standard Method
  • Risk: Smart contract risk exists for dapps like LooksRare; LOOKS and ETH are volatile tokens, which are subject to price risk

[ETH] 9% APY with ETH by depositing ETH into ETH strategy vault on Sommelier Finance

  • Yield is earned in SOMM, ETH
  • To participate, supply ETH into the Real Yield ETH Strategy Vault
  • Risk: Smart contract risk exists for dapps like Sommelier Finance; ETH, YOMM are volatile tokens, which are subject to price risk
Reach out at sales@skolem.com

DeFi Developments

Institutional Adoption

Regulatory

  • Financial Innovation Technology (FIT) for the 21st Century Act, a bill that would create a federal regulatory framework for crypto in the U.S., reaches regulatory milestone as it passes out of the House Agriculture Committee
  • House Financial Services Committee passes seven pieces of legislation for stablecoins as regulatory framework becomes more clear
  • SEC's Chief Accountant issues warning to accounting firms, sharing that they could be legally liable for misleading public statements made by the accounting firms' clients
  • SEC charges Hex founder Richard Heart with misappropriating investor funds from unregistered securities offerings that raised $1bn+
  • Indian Supreme Court reportedly directed the Union government to record whether it intends to establish a federal agency for crypto-related crime
  • Rain granted permission to operate as a virtual asset brokerage and custody service provider by Abu Dhabi's financial regulator
  • Craig Wright, who claims to be Bitcoin creator Satoshi Nakamoto, loses his appeal in the libel case against Peter McCormack as Wright fails to prove his assertions
  • Singapore's High Court deems crypto as property in case between Bybit and a contractor
  • Quantstamp settles with the SEC for $3.4mm for charges related to conducting an unregistered initial coin offering ($28mm raise) back in 2019
  • Nasdaq halts plan to launch crypto custodian business in US due to regulatory environment shift, but remains committed to the industry
  • Final Stability Board (FSB) publishes and finalizes global regulatory framework for crypto-asset activities
  • Nevada court approves regulator's petition to place Prime Trust into receivership
  • Ripple Labs wins part of SEC's enforcement case regarding sale of $1.4bn+ of XRP, determining sales were not securities offerings
  • FTC charges Celsius executives with duping customers into transferring crypto into platform and squandering billions in user deposits
  • South Korea's Financial Services Committee requires companies issuing or holding crypto to follow fresh accounting standards slated to take effect January 2024
  • EU unveils its Web 4.0 and virtual worlds strategy to invest in new technologies across AI, IoT, blockchain, virtual worlds, and augmented reality
  • Barnbridge DAO, with $1.35mm in TVL, halts operations as it is being investigated by the SEC

Contact Us

If your team is interested in reaching out to the Skolem team, please email us at sales@skolem.com or reach out on our website at skolem.com.