Weekly Layer 1 & 2 Update

🚀Cronos: TVL +2.07% (near $2B), transactions +10.86%, wallet addresses +12.71%
👛Over 71M wallets hold ETH
🔧Polygon quietly fixes vulnerability

Full details👇
https://cryptocomresearch.substack.com/p/weekly-l1l2-update-2021-week52

New trading pairs are now available in the Crypto.com Exchange:
EGLD/USDC
FTM/USDC
GALA/USDC
ATOM/USDC
NEAR/USDC

Trade these tokens now.

Sign up 👉 crypto-exchange.onelink.me/E54m/6cf81eb9

🥳 Crypto.com Exchange kickstarts the new year with the 2022 Lucky Draw! 🎉

⚽️ Win one of 22 autographed Serie A Club jerseys
💰 Deposit any three tokens to enter
⏰ 5 - 31 Jan

Join the campaign 👉 https://docs.google.com/forms/d/e/1FAIpQLSc5RfUONIVKglMrRdLNOp2FFllo8Ko775hcsl2bKeecch8OsQ/viewform

Details: https://blog.crypto.com/crypto-com-exchange-2022-lucky-draw/

The ETH Supercharger 20x Booster Bonus event has ended!
Next Up: LUNA

To accept your ETH reward allocation, log in at 07:00 UTC, 6 January.
Reward distribution begins at 07:00 UTC, 7 January.

https://crypto.com/exchange/supercharger/eth-16

Booster Bonus: Remember to check your Crypto.com NFT account for a special “Supercharger 20x Booster” NFT 👀

It’ll be airdropped to the winners’ account before 12 January 09:00 UTC

Details: https://blog.crypto.com/supercharger-to-feature-ether-eth/

LUNA Supercharger 20x Booster Bonus is live!

🔥USD 1M reward allocation
🚀Chance to receive up to 30% APY
💰Stake CRO & earn LUNA

⭐️Get a special "Supercharger 20x Booster" NFT to win the bonus APY

Available in the App & Exchange

👉 crypto-exchange.onelink.me/E54m/f663a248

Learn more 👇
https://blog.crypto.com/luna-supercharger-with-a-20x-apy-booster-bonus/

The Crypto.com Weekly NFT Update:

📈Benchmark: NFT sales increase by 2% on OpenSea
🐵 Eminem joins Bored Ape Yacht Club for 123.45ETH
📺Samsung announces NFT platform for smart TVs

Full details👇
https://cryptocomresearch.substack.com/p/weekly-nft-update-2021-week52

New ERC20 tokens added to the Crypto.com DeFi Wallet

✅ Celsius (CEL)
✅ Convex Finance (CVX)
✅ Nexo (NEXO)
✅ SKALE Network (SKL)
✅ OpenDAO (SOS)
✅ Storj (STORJ)
✅ Telcoin (TEL)

New BEP20 tokens added to the Crypto.com DeFi Wallet

✅ BEMIL Coin (BEM)
✅ DeFi Degen Land (DDL)
✅ Legend of Fantasy War (LFW)
✅ Medacoin (MEDA)
✅ Warena (RENA)
✅ Revolve Games (RPG)
✅ SHILL Token (SHILL)

New Cronos tokens added to the Crypto.com DeFi Wallet

✅TrueUSD (TUSD)

🚨New Whitepapers on DeFi🚨
📈In this month's research update, we focus at the evolution from Defi 1.0 to Defi 2.0
🧵Scroll down the thread below to learn all about DeFi 1 vs DeFi 2, its liquidity, and decentralised reserve currencies

🚀DeFi TVL ballooned in 2021, raising the issue of sustainable liquidity
💡DeFi 2.0 protocols attempt to solve this through Protocol-Owned Liquidity (POL)

⚖️So far, there is no evidence to suggest that DeFi 2.0 is taking away market share from DeFi 1.0 protocols

For a full breakdown on how DeFi 2.0 impacted DeFi 1.0 Dexes, borrowing and lending protocols and yield optimisers, download the full whitepaper here👇
https://crypto.com/research/article?category=defi&page=defi1_vs_defi2

💥Problems that emerged with DeFi 1.0 liquidity bootstrapping:

💨Impermanent loss for LPs on DEXes
💸Business & opportunity cost
📈Token price volatility deters investors
🐋Vulnerability to whale manipulations
↔️Counterparty risk during exchange listing

Sample DeFi 2.0 liquidity solutions:

🍭Popsicle Finance: Yield maximiser for LPs
🌊FEI x Ondo: Liquidity as a service (‘LaaS’)
↔️Tokemak: Decentralised liquidity direction and provision

Download the full whitepaper👉 https://crypto.com/research/article?category=defi&page=solutions_for_liquidity

📌Decentralised Reserve Currencies create free-floating algorithmic stablecoins based several assets rather than a fiat peg

🔥They rely heavily on large staking returns and early-adopter discounts to generate hype

⏳Time will tell whether the model is sustainable longterm

🔐 Get the full scope on decentralised reserve currencies in the whitepaper 👇
(available to our private users)
https://www.crypto.com/vip/report/signin/1

🌟 Learn how to become a Crypto.com Private Member 👉 https://help.crypto.com/en/articles/3704243-how-to-become-a-crypto-com-private-member

Deposits and withdrawals of TUSD via Cronos network have just been enabled on the Crypto.com App.

Deposit now 👉 crypto.onelink.me/J9Lg/6c2d574e

Crypto.com Exchange now supports deposits and withdrawals of TUSD via Cronos.

*Available for both Exchange Web and App.

Deposit Now 👉 crypto-exchange.onelink.me/E54m/6cf81eb9

Here are the top 5 participants of the RUNE Exclusive Campaign 🔥

Deposit (via BEP2) or trade RUNE in the Crypto.com Exchange for the chance to win from a USD 50,000 prize pool.

Only a few hours left!

Details 👉 https://blog.crypto.com/rune-exclusive-campaign-leaderboard-2/