December 4, 2020: USD-N's banner week, Compound + BUSD lag
Keep Ahead of the Curve
Here are today’s trends to watch from Curve Market Cap:
What a week for USD-N. It’s not hard to see why it’s now the third largest pool by reserves. On top of providing the third highest base APY (7.24%) and rewards (24.11% - 60.29%), it’s also providing 9.96% interest courtesy airdrops like occurred this week.
Are traders losing interest in Compound? After peaking at $13.6MM this week, volume has cooled to just $350K.
BUSD has also trailed off. After moving over $8MM as recently as Tuesday, it has cooled to a low of $750K as traders look to more profitable pools. Compound and BUSD represent the 4th and 5th largest pools on Curve.