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- Bonzo Bytes Newsletter - #20 🐵🗞️
Hello, Bonzo Community!
From Bonzo Finance updates to Hedera and crypto highlights, here’s everything you need to know from last week’s Bonzo Bytes 𝕏 Space.
📊 TVL Milestone
Bonzo Finance is holding strong with $32.15m in Total Value Locked (TVL), ranking #57 among lending protocols globally and #3 among all protocols on Hedera. Recent deposits of USDC and HBAR signal growing confidence in the protocol’s stability.
💸 Borrowing Rewards Are Live!
Earn supplemental APY by borrowing $KARATE, $DOVU, or $STEAM today! Here are the current rates (as of Jan 13, Noon ET):
$KARATE: Borrow APY 3.36%
$DOVU: Borrow APY 4.55%
$STEAM: Borrow APY 7.47%
📌 Note: $STEAM rewards are accruing but temporarily paused for claiming. Updates will follow soon.
🚀 Upcoming TGE
The $BONZO Token Generation Event is approaching! Testing and preparations are in full swing—stay tuned for official announcements on 𝕏 and Discord.
💡Community Questions Spotlight
Q: How secure is Bonzo Finance?
A: There is always risk in engaging smart contract-based DeFi protocols. Bonzo Finance is built on the battle-tested Aave V2 framework, renowned for its strong security and efficiency in DeFi. Bonzo Finance contracts are audited by Halborn. Check out the full audits here.
Q: Why does Bonzo prioritize lower-risk collateral for borrowing?
A: Starting with assets like HBAR, HBARX, and USDC ensures stability while reducing risk. As TVL grows, more assets will be evaluated with the risk management provider Ledger Works for inclusion.
Q: Will $BONZO be available for lending and borrowing on app.bonzo.finance?
A: Yes, eventually! There are strict requirements for adding any asset to the protocol, which $BONZO must meet just like any other asset in consideration.
🌱 Hedera 𝕏 Growth
Hedera’s official 𝕏 account is seeing its biggest follower surge since 2021, proving the growing buzz around the Hedera ecosystem!
The @hedera X account is seeing its largest sustained increase in followers since this metric was first recorded in 2021, per @santimentfeed.
Nearly 50K new followers added in just 60 days 📈
$HBAR's social dominance has also surged over 50% in the last week 🚀
— TaTa (@hbarTaTa)
1:50 PM • Jan 8, 2025
💼 Grayscale Adds HBAR to Its Radar
HBAR’s addition to Grayscale’s 'Assets Under Consideration' list could signal upcoming institutional interest.
⚖️ U.S. Government to Sell Silk Road Bitcoin
A federal judge approved the sale of 69,000 BTC ($6.5B) seized from Silk Road, resolving a years-long legal battle. As the DOJ prepares for liquidation, the move has raised market concerns, especially with the incoming Trump administration eyeing Bitcoin as a potential strategic reserve.
📉 Crypto Market Volatility
Last week, sharp price swings in Bitcoin and Ethereum led to over $525M in liquidations, affecting nearly 186,000 traders. BTC briefly topped $100,000 before falling to $94,000, while ETH dipped to $3,335. This underscores the market’s sensitivity to shifting sentiment.
🎧 Bankless Podcast: Crypto News Shaping 2025
This week’s episode dives into major stories dominating early 2025:
California Wildfires: Highlighting the importance of secure seed phrase storage.
Market Trends: Is the bull run cooling off or just taking a breather?
Regulation Shifts: Insights into Operation Choke Point 2.0 and its implications for crypto banking.
Silk Road BTC Sale: A $6.5B market-shaking move authorized by the U.S. government.
Listen now for a comprehensive take on the biggest crypto narratives and what lies ahead: Bankless Podcast
📖 Bonzo Blog: Unlocking DeFi 2.0: Strategies for Lending & Borrowing
Looking to refine your DeFi strategies? Check out Brady Gentile’s guide on beginner-to-advanced lending and borrowing techniques.
🎙️Weekly Bonzo Bytes 𝕏 Space
Join us this Friday, Jan 17th, for another session packed with Bonzo updates, Hedera insights, and crypto news.
Set a reminder on 𝕏 👇
🚀 TGE Countdown
Mark your calendars! The $BONZO Token Generation Event is expected in late January or early February, approximately three months after Bonzo’s mainnet launch. Stay tuned on Discord and 𝕏 for official details.
Thank you for being part of Bonzo Finance and the Hedera DeFi journey.
- The Bonzo Finance Team