Recap: DeFi Week of Dec. 7 🦄

Hello Defiers! Hope you’re having a great weekend. Summing up the past week: DeFi tokens continued to climb, signaling ETH/BTC may be ready for take-off. Basis Cash, a fork of shuttered algorithmic stablecoin, is offering DeFi-summer-like yields. Idle Finance assets surge past $100M in another example of how token rewards can impact protocol liquidity. Rari said it’s switching to Melon once v2 launches, and SuperRare introduced permissionless auctions.

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