Optim Finance is a suite of products designed to optimize yield generation in the Cardano DeFi ecosystem. Easy, automated, secure asset management.


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Optim Finance

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<li>Danogo, a Cardano-based decentralized exchange, had a staggering 921% increase in Total Locked Value (TVL) in the last seven days.</li>
<li>However, it failed to make it into the top ten projects with the highest TVL on Cardano, as Minswap, Indigo and Liqwid dominate the category. </li>
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Leading Cardano-based decentralized exchange (DEX) Danogo takes the lead in a dramatic rise to record the highest total locked value (TVL) change in the last seven days. In a post X, Danogo <a href="https://thecryptobasic.com/2024/05/30/popular-cardano-dex-danogo-sees-10x-growth-in-tvl/" target="_blank">revealed</a> that its TVL increased nearly tenfold (921.43%) to overtake the second project on the leaderboard by a considerable margin, bringing its exact value to ADA 4.1 million ($2 million) .
Behind Danogo was Fluid NFT Collateral Lending, which also secured the second position with a 98.21% rise over the same time frame. 
The third, fourth and fifth positions were occupied by Lenfi, Optim Finance and Levvy with LTV variations of 27.15%, 14.21% and 12.22% respectively. 
Surprisingly, this staggering weekly percentage change was not enough to place Danogo among the leading Cardano-based protocols by TVL. Our research shows that total TVL on Cardano at the close of this issue was $251.33 million. 
Of that total, Minswap, Indigo and Liqwid had the highest contribution with $68.08 million, $58.61 million and $31.28 million respectively. 
According to DefiLlama data, Danogo’s TVL of $2 million placed it in 14th position. In addition, DEX was noted to have lost some of its percentage gains in the last few hours, bringing the 24-hour gain to 10.42%, and the seven-day gain to 561%. Over the past 30 days, the exchange has recorded a monthly growth of 365%.
<h3>Current status of Cardano (ADA)</h3>
Over the past few months, Danogo has adequately facilitated the trading and listing of Optim-issued bond tokens without the need for central intermediaries.
 For analysts, the recent increase in user activity is due to the growing interest in Bond tokens, along with the recent increase in Cardano’s total DEX trading volume, which exceeded 23 million A DA, <a href="https://www.crypto-news-flash.com/cardanos-dex-hits-record-23-million-ada-daily-volume-amidst-price-challenges/" target="_blank">Crypto News Flash reported</a>. 
Despite these activities across the crypto landscape , Cardano’s TVL (ADA) has registered a considerable drop from $430 million to $250 million according to Artemis data. For analysts, this is an indication of the lack of interest in dApps built on the Cardano network. 
In addition, the NFT space on Cardano has plummeted, with popular NFT collections posting a dramatic drop in floor price and overall trading volume over the past month. Unfortunately, this could dampen investor sentiment and negatively affect <a href="https://www.crypto-news-flash.com/cryptocurrency-marketcap/" target="_blank">ADA’</a>s <a href="https://www.crypto-news-flash.com/cryptocurrency-marketcap/" target="_blank">price</a>. 
At press time, ADA was trading at $0.44, after falling 3% over the past seven days and 37% over the past 90 days. Its 24-hour trading volume has also been affected, down 14% to $260 million. 
In recent weeks, the asset has trended lower with multiple lower lows and lower highs. Its bearish status is supported by key indicators such as the Relative Strength Index (RSI) and Chaikin Money Flow (CMF), which point to declining bullish momentum.
 Beyond these indicators, the ADA velocity, which reveals the frequency of token trading, has declined significantly. The MVRV ratio, which also measures profitability for token holders, has fallen, painting a blurry picture of ADA’s future prospects. 
<hr /><h6>Recommended for you:</h6>
	</div>This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

Crypto News Flash (EN)

Cardano DEX Danogo Records 921% Increase in LTV over the past week

OPTIM is the utility and governance token of Optim Finance, the leading yield product in the Cardano Ecosystem. This yield product allows ecosystem participants to borrow staking power through Optim Bonds for various purposes, such as bootstrapping a stake pool, or to make the most out of an ISPO. This article delves into OPTIM, its tokenomics, utility, and more.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">OPTIM Distribution &amp; Tokenomics</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*PuoZJ1WLQDKi92TZJSbHQA.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/d98daf2c03d63fee28197baf41d5bd33f55d45fb9756e97e5844a79d.4f5054494d5f4144415f4e4654?distribution=">OPTIM Distribution Pro page on TapTools</a>OPTIM has a total supply of 100 million tokens. Currently 13.59 million of these tokens are in circulation, equivalent to 13.6% of the token supply. At 0.596 ADA per OPTIM, this gives the token a Market Cap of $4,729,682 and a Diluted Market Cap of $34,811,611, placing it at #31 in the Top 50 tokens on Cardano.There are currently 1,460 wallets holding OPTIM, down 2.08% over the last 30 days. The token has a Median Holder Balance of 581.88 OPTIM, equivalent to 345.25 ADA, and an Average Holder Age of 130.03 days, highlighting the community that has been supporting the project since the token launch.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/0*gj_zkiAcavndpzlu" alt="" loading="lazy"><a href="https://optim-finance.gitbook.io/optim-finance/governance/tokenomics">OPTIM Tokenomics</a>The above image details the tokenomics of the OPTIM token. The two largest allocations are for Public tokens and team tokens.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Liquidity</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*t8_M2sNXnHS8SVeiCP0nAw.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/d98daf2c03d63fee28197baf41d5bd33f55d45fb9756e97e5844a79d.4f5054494d5f4144415f4e4654?liquidity=">OPTIM Liquidity Pro page on TapTools</a>OPTIM currently has 2.08 million ADA in liquidity across five Decentralized Exchanges on the Cardano blockchain. The vast majority of this liquidity is on Spectrum Finance which holders 99.36% of the tokens total liquidity, followed by VyFinance which holds 0.63%, and Minswap being the third most liquid DEX with 0.01% of the total liquidity for OPTIM.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Volume</h2><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*BxpqrxLaNw1xCvsTIIY09g.png" alt="" loading="lazy"><a href="https://www.taptools.io/charts/token/d98daf2c03d63fee28197baf41d5bd33f55d45fb9756e97e5844a79d.4f5054494d5f4144415f4e4654?volume+profiler=">OPTIM Volume Profiler Pro page on TapTools</a>OPTIM has a Lifetime Trading Volume of 17.9 million ADA, equivalent to 25.42 million OPTIM. 9.21 million of this was Buy Volume and 8.69 million was Sell Volume. The volume distribution is even between most wallet classes, with the Shark wallet size (100–250K ADA) taking a slight lead on total trading volume for the token.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Utility</h2>We’ll now delve into the utility that OPTIM offers its holders.GovernanceOPTIM holders can engage in governance and directly influence the protocol’s future through governance actions.Fee SharingOPTIM holders will potentially be able to receive a portion of fees generated by the Optim protocol if the ODAO initiates a fee switch.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/1*nz4jKBu5Y5gZq0bIQdDTXw.png" alt="" loading="lazy"><h2 style="margin-left:0px;">Conclusion</h2>Optim Finance stands at the forefront of innovation within the Cardano Decentralized Finance space, offering powerful yield products and staking mechanisms designed to enhance ecosystem growth and scalability. At the center of this innovation is the OPTIM token, serving primarily as a governance tool that allows holders to shape the future direction of the protocol. As Optim continues to refine and expand its offerings, it will be interesting to observe how it shapes the broader Cardano ecosystem moving forward.You can find out more about Optim Finance at the following link: <a href="https://www.optim.finance/">https://www.optim.finance/</a>

TapTools

Token Spotlight: OPTIM

The digital currency landscape could be on the brink of another monumental shift, reminiscent of the Ethereum DeFi summer of 2020. This period marked an era of explosive growth within the Ethereum ecosystem, characterized by innovations in lending protocols, yield farming, and liquidity mining. This article explores the previous DeFi Summer, potential outcomes for Cardano should it undergo a similar period, and more.<h1 style="margin-left:0px;">The Anticipated Catalyst: Bitcoin Halving 2024</h1>Bitcoin halvings, occurring approximately every four years, dramatically reshape the cryptocurrency landscape by halving the reward for mining new blocks. Historically, these events have acted as significant catalysts for increased market activity, propelling interest and investment across the broader cryptocurrency and DeFi sectors. The upcoming Bitcoin halving in 2024 is poised to continue this trend, sparking a new wave of innovation and engagement. Market anticipation of this event has already begun to shift focus towards alternative platforms like Cardano, which is primed for explosive growth in this context. The halving’s effect on Bitcoin’s supply and miners’ economic realities could heighten interest in alternative cryptocurrencies and platforms, offering fresh opportunities for ecosystems prepared for this shift.<h1 style="margin-left:0px;">Cardano’s First DeFi Summer</h1>Mirroring the vibrant early days of Ethereum’s ecosystem, Cardano is potentially on the verge of its own monumental surge, anticipated to coincide with the 2024 Bitcoin halving. Cardano sets itself apart with a foundation of thorough research and high-assurance coding, aiming to overcome the traditional challenges of blockchain like scalability and interoperability. These deliberate preparations are positioning Cardano as a leading candidate for a DeFi summer, akin to Ethereum’s initial boom but with unique innovations and solutions informed by previous market cycles.The network’s vibrancy is increasingly evident, with a surge of new protocols that enrich the DeFi landscape. Amidst the fluctuating crypto industry, Cardano’s Total Value Locked (TVL) is on an upward trajectory, signaling robust community engagement and investment. This growth is supported by the rollout of decentralized exchanges (DEXs) with innovative hybrid models, bridges for asset transfer, decentralized social platforms, comprehensive lending protocols, and dynamic NFT marketplaces, contributing to a diverse and thriving DeFi ecosystem.<h1 style="margin-left:0px;">Network Effects</h1>The forthcoming period in the Cardano ecosystem is not just about potential; it’s a testament to the platform’s readiness to host a new era of financial innovation. This phase is expected to herald an influx of new developers, investors, and users, drawn by the robust and secure infrastructure that Cardano offers. The anticipated era reflects the network’s maturity and its capability to support a diverse range of financial applications, setting the stage for significant growth and attracting a broader community to explore its offerings.For early supporters and participants within the Cardano ecosystem, this DeFi Summer period could be significant. It echoes the transformative era previously experienced by the Ethereum ecosystem, where holders of emerging tokens like Aave and Chainlink saw their investments grow exponentially in USD valuation. Similarly, early adopters of Cardano’s native tokens stand to be rewarded as these ecosystem tokens potentially soar in value. This expected appreciation serves not only as a boon for early backers but also as a magnet, drawing further attention to the ecosystem and attracting new participants, developers, and venture capitalists.As Cardano approaches its defining moment in decentralized finance, the ecosystem could be enriched by the addition of unique protocols, further amplifying the impact of what is anticipated to be a transformative period. Recent innovations, particularly the introduction of USDM, a fiat-backed stablecoin, aim to offer price stability while promoting capital efficiency, looking to prime Cardano for an upcoming bull run. Moreover, Butane, a high-throughput, multi-collateral synthetic protocol, crafted in the advanced Aiken smart contract language, is looking to redefine the boundaries of financial applications on the platform.These additions join the ranks of impactful innovations such as Leviathan, developed by the Optim Finance team, aimed at significantly enhancing transaction capabilities through Layer 2 solutions. Furthermore, projects like StarGazer, funded by Catalyst Fund 11, introduce critical functionalities as a yield aggregator, adding new dimensions to the already vibrant DeFi ecosystem. Together, these developments contribute to the depth and breadth of Cardano’s DeFi landscape.<h1 style="margin-left:0px;">Conclusion</h1>The intersection of the Bitcoin halving in 2024 and the rise of Cardano’s DeFi ecosystem is more than just a coincidence; it is a beacon of the evolving landscape of digital finance. This upcoming DeFi summer is expected to set new benchmarks in financial decentralization, providing scalable, secure, and sustainable alternatives to traditional banking systems. As the world watches, the anticipation for Cardano’s first DeFi summer is building, setting the stage for a season of innovation and growth. It will be interesting to see whether Cardano’s ecosystem experiences a surge similar to Ethereum’s DeFi Summer.

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