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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Top 3 DeFi lending protocols exceed $20B in deposits

DeFi’s top three lending protocols have reached record levels of collateral lockup above $20B.

There has been no slowdown in the amount of collateral pouring into the leading decentralized finance protocols this year.

DeFi’s leading three lending protocols have amassed approximately $20 billion according to Dune Analytics. A Messari research report into valuing these platforms suggests they’re on track to generate in excess of half a billion in interest annually.

Maker, Compound Finance, and Aave have all seen record levels of lending deposits as crypto yield farmers seek exponentially better returns than traditional banks can offer. Messari posted on Twitter:

“The top three lending platforms will generate $660m in interest per year at the time of writing,”

Messari researcher Mira Christanto commented that protocols extract value by both attracting capital and putting it to use, and their total value locked (TVL) reflects this.

TVL is the current metric for measuring the performance of a DeFi protocol and it can vary depending on the calculations employed by different analytics providers.

According to Dune Analytics, Maker has reached an all-time high of $6.38 billion in deposits locked as collateral. Compound Finance also has an all-time high of $8.7 billion while Aave has $6.5 billion. Between them they have a total of $21.58B.

However, DappRadar and DeFi Pulse both suggest the combined figure for the trio of protocols is currently more like $17B.

Meanwhile centralized finance platform Celsius Network is also performing well in terms of users and collateral lockup. According to a Feb. 15 release, Celsius has paid over $250 million in crypto yield to its customers, has over 415,000 users, and manages over $8 billion in crypto assets.

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