November 29, 2020: Broad volume drop fuels lower returns + Compound, 3pool, bUSD
Keep Ahead of the Curve
Who knew stablecoins could be so unstable! Here are today’s trends to watch from Curve Market Cap:
Most pools suffered day over day volume drops leading to falling APYs. Only Compound bucked the trend, with volume jumping from $1.5M to $2.1M and 24 hour APYs nudging upward from 3.23% to 3.36%
Although 3pool volume fared better than most, maintaining chart-topping levels ($13.0M to $12.8M). However its daily APY dropped 37% to a fiat-esque 0.42%
bUSD in particular was hard hit, dropping from $2.7M to $1.6M with daily APY dropping from 8.16% to 4.53% over the period.