Defi Farm #27 - November 6th Weekly Update

Hi everyone,

Welcome to the 27th weekly edition! I missed last week so a lot to catch up on! Let's dive in 🤿Over the past 7 days:SPY: -2.65%BTC: +2.0% ETH: -0.6%

7Major L1's:SOL: +4.8%AVAX: +4.3%Near: +5.6%Algo: +28.2%FTM: +23.6%Today I'll go over:- Tools that will help you become a defi wizard 🧙‍♀️ - Interesting news from this week- Cool projects and protocols I came across this week

🧙‍♂️ Tools that will help you become a defi wizard 🪄

About 3 months ago I wrote a segment covering helpful tools but it was admittedly a poor attempt at a complete list of all the incredible tools that exist. There are also just a lot more that have come out since I published that so I figured it would be a good time to retry this.

Nansen Portfolio - linkThis is a pretty new product from Nansen and it has quickly grown into my favorite portfolio tracker. Paste your wallet address into the search bar and quickly see your holdings across different chains, what protocols you have tokens on, and the value of any unclaimed yield you've earned.

Dune Analytics - linkDune is a tool that allows individuals to create custom charts and dashboards of anything that happens on chain with SQL. Here's a really awesome dashboard for stablecoins, here's a great dashboard about the GMX platform, and here's an incredible dashboard about Convex produced by Blockworks.

Revoke Cash - linkWhenever you interact with a protocol, you have to give that protocol allowances so that it can interact with your wallet. Protocols can have bugs and in some cases, these allowances might drain your wallet. Revoke cash is an easy-to-use tool that allows you to see all of the live allowances on your wallet and lets you easily revoke those.

Revert - linkA powerful analytics tool that will help you analyze successful uniV3 positions, see the PnL of all positions for a pair, and predict an expected APR before you enter an LP position.

TokenTerminal - linkThis is a really great platform for looking at common fundamental metrics and measures (P/F, P/S, earnings, fees, etc) and seeing how different protocols and chains compare to one another. I'd caution you not to use this as your only frame of reference for making decisions but I do think it provides a helpful lens. Fortunately or unfortunately there are times when the crypto market can be quite irrational so looking at exclusively fundamentals doesn't always make sense.

Defi Llama - linkDefi Llama is a great resource to explore different chains (ETH, Avax, Solana, etc) and find the biggest defi protocols on each chain. It also has a ton of interesting data about TVL (total value locked) for each protocol and chain and they recently launched a new feature that allows you to look for the best yields across defi.

Uniwhales - linkUniwhales allows you to see really interesting bridging data for most of the major L1's. This can help if you're trying to see if any major rotations are happening.

DefiWars - linkThis tool is the central place for all data related to ve-tokenomics and the related ve-wars associated with those protocols.

Goku Stats - linkThis is a great tool for doing research on different L1 and L2 ecosystems. It has just about any quantifiable data point that you could imagine. Developer activity, transactions, protocol traction, daily active addresses, stablecoins, etc.

DexScreen - linkThis is my go-to resource if I need to look at a chart of a medium to small altcoin over ETH or another L1. DexScreen will allow you to very easily generate CVX/ETH, FXS/ETH, VTX/AVAX, QI/AVAX, AAVE/ETH, Near/ETH, or really almost any pair that you can imagine.

VestLab - linkThere are a few of these resources and they all do a pretty good job of telling you when VC-funded token vesting periods end.

Baller - linkImpermanent loss simulator for Balancer liquidity pools which are made up of more than 2 assets and could have uneven weights amongst assets. This is also a great tool to use just to come to a great understanding of what IL actually means and how it might affect your positions.

Interesting news and things from this week

Some cool stuff happened this past week. Here is just a small sampling.

• A big announcement from Google this week! They'll be running a block-producing Solana validator and will also bring their Blockchain Node engine to Solana which will make it easy for anyone to launch a node in the cloud.

• Uniswap founder tweeted this cryptic tweet, many people are guessing that Uniswap will release an NFT product and/or their own chain.

• Meta selected Polygon as a solution for minting digital collectibles on Instagram.

• JPMorgan completed it's first Defi transaction ever on Polygon using Aave.

Interesting protocols/projects I found this week

Nouns Builder (link) - NounsDAO has become an incredibly popular DAO and their mechanism for minting, generating PFPs, etc is one of the more innovative, and unique in the space. Every day, a new Nouns PFP is created and put to auction. You can see that today is day #501 and the max bid is 29 eth. Crazy. In total, the DAO has generated a 29,625 ETH treasury from these NFT auctions. This daily generation and auction model has proved a really interesting and effective way of raising funds and organizing a community to decide how to use those funds. NounsBuilder is a no-code tool that helps anyone launch their own Nouns-like project with the hope of generating hundreds/thousands of other iterations and experiments in treasury building and governance.

That's all I have for this week! Stay safe out there and as always, stay yielding!

If you ever want to chat with me and nerd out about defi/web3, I made some time available on my calendar each week. Feel free to schedule some time!

-Andy