OPEN price

Stable coins and DeFi keep growing. Lots of new products this week, here are a few that stood out 👇 1. An index fund for betting on the growth of stables - @OpenStableIndex A new index based asset called $OPEN is now live. It's a basket of some of the biggest DeFi protocols associated with stable coins as you can see in the graphic below. Built using @reserveprotocol, I think this is just highlighting how we may soon see a bunch of index based assets coming to DeFi. The composability of ERC20's is already giving me tons of ideas of working on my own sometime! 2. Stablecoins are becoming the new banks Paypal announced they'll be offering 3.7% to PYUSD holders. Can this make PYUSD push higher, perhaps towards the dominance held by Circle and Tether? @PayPal 3. The home of stable swaps - @PlasmaFDN x @CurveFinance Stablecoins are going to have a big home through @PlasmaFDN and Curve as well as crvUSD is going to be a day 1 hub for stable swaps on Plasma - a chain purposefully built for stable coins. Curve is still doing $100m+ in daily volume putting it still within the top 10 DEXes by monthly volume. 4. The new DeFi Bank - @ether_fi Now as a Neo Bank, Etherfi will now let users, stake, particularly restake, save and spend through their credit cards. Etherfi is a top 5 protocol by TVL and has been one of the very few in the restaking space to be able to maintain it's TVL despite terrible ETH price action. 5. New stablecoins - @ResolvLabs USR, a delta neutral stable, offering strong yields - New Hyperliquid based stable coin HUSD, built from @m0foundation - Stripe working on a stablecoin - @paretocredit with USP, a credit backed stable - @levelusd, lvlUSD backed by blue chip stables in lending markets to offer yield - @Perena__, a reward accruing LP stable - @capmoney_ with cUSD a 'type 3' stable where smart contracts govern capital allocation, yield, and risk. - @protocol_fx with fxSAVE, a tokenised stablecoin stability pool for their V2 6. The Next Ethena? @neutrl_labs The OTC market is arguably one of the largest yet opaque sectors of Crypto today. Neutrl's basket of delta-neutral strategies brings a new stable through yield strategies to the market - $NUSD. This one looks interesting - OTC markets and assets traded here can often have insane funding, will this be one of the strongest yielding stables?

#DTF 7day returns ! DTFs will be the heaven for normis imo they can invest in a “category” not just in one coins or buying all coin by themself. just one click 😁 $RSR #RWA #DeFi