Bonzo Bytes Newsletter - #27 🐵🗞️

Hello, Bonzo Community!

Welcome to this week’s Bonzo Bytes, your recap of the latest updates from Bonzo Finance and the broader Hedera and DeFi ecosystems. $USDC incentives pushed USDC TVL past $5.9M, $GRELF was added as a supported asset, and the team shared thoughts on protocol sustainability, audits, and ecosystem growth.

Listen to the recording here » 

Here’s everything you need to know from the latest Bonzo Bytes X Space:

📈 USDC Liquidity Campaign

$USDC TVL Surges Over 120%. “This campaign has been running for just over a week now, and the results are amazing,” said Brady during the latest Bonzo Bytes X Space. “The liquidity incentives APY was increased to ~30%, and the TVL for USDC jumped by more than 120%, hitting around $5.3 million. It’s been great to see how quickly the community has jumped on board.”

The campaign has demonstrated clear demand for native USDC supply on Hedera. The Bonzo team is already packaging up insights from this test to inform next steps in the broader mission of strengthening stablecoin liquidity across the ecosystem.

Check app.bonzo.finance for current APY rates across all supported assets.

👴🏻 $GRELF Added As A Supported Asset

“We knew people were excited about Grelf, but this blew us away,” Gaurang said. “Before we even announced it, we saw $200k in liquidity added to Bonzo, and that number soared past $600k within a day.”

With a liquidity incentives supply APY of 9.18%, $GRELF is now the fifth-largest supplied asset on the protocol.

Check app.bonzo.finance for current APY rates across all supported assets.

📊 Bonzo Finance TVL & Scoreboard Update

💰 Liquidity Incentives Update

Bonzo Finance continues to offer liquidity incentives (✨) for supplying and/or borrowing $HBAR, $USDC, $KARATE, $DOVU, $STEAM, & $GRELF.

Check out current rates: app.bonzo.finance

*Current rates as of April 1, 2025, at 5:40 PM ET. APY is subject to change. Bonzo Finance does not endorse any of the assets cited in this newsletter or the utilization of DeFi protocols. Interacting with smart contracts carries inherent risks including total loss of funds. LTV ratios and protocol parameters are subject to change. Users are responsible for understanding the protocol risks, including smart contract vulnerabilities and liquidation mechanisms. Do your own research. Not financial advice.

💡 Hedera AI Agents Hackathon

The Hedera ecosystem is buzzing with innovation! The Hedera AI Agents Hackathon has been announced, inviting developers to compete for a $30,000 prize pool. Participants are tasked with building decentralized communication protocols for AI agents using HCS-10. It’s exciting to see more projects bringing new functionality to the network!

🤝 HBAR Foundation Joins ERC3642 Association

The HBAR Foundation has officially joined the ERC3642 Association to support the scaling of compliant RWA tokenization. This step aligns Hedera with leading standards and demonstrates its commitment to mainstream adoption.

🚨 DeFi Broker Rule Repealed

In a major win for DeFi, the Senate voted to repeal the controversial IRS DeFi broker rule. This rule would have created enormous challenges for decentralized protocols by requiring them to report user transactions. The repeal is seen as a big step forward for DeFi innovation.

President Trump is expected to sign the repeal into law, marking a major shift in crypto regulation.

Read more on Cointelegraph: Resolution to kill IRS DeFi broker rule heads to Trump’s desk

🎉 Crypto.com Probe Closed

The SEC has officially closed its investigation into Crypto.com without taking any enforcement action. This development signals a more crypto-friendly stance and provides some much-needed regulatory clarity for the exchange.

📰 DeFi's Role in Transforming Traditional Finance: A Paradigm Shift

A new report featured by Binance reveals that over two-thirds of traditional financial institutions are actively exploring DeFi as a solution to inefficiencies in the current system. The survey shows that DeFi is no longer viewed as a fringe movement but as a necessary evolution of financial infrastructure. As the TradFi world leans into DeFi, protocols like Bonzo Finance are well-positioned to provide the infrastructure they need.

The report also highlights a strong preference for public, permissionless blockchains over private alternatives, reinforcing the direction many central banks and TradFi firms are already heading. Regulatory support remains the most significant barrier, but the message is clear: DeFi is the future of finance.

Read more on Binance: DeFi's Role in Transforming Traditional Finance

🎙️Weekly Bonzo Bytes 𝕏 Space - Friday, March 21

Bonzo hosts an open AMA on the first Friday of every month, and the next one is right around the corner! Got a question about Bonzo Finance, DeFi on Hedera, or the team's roadmap?

Submit your question here, and the team will answer it live: https://forms.gle/XHtf4ppxSdYEo7ZG8

Set a reminder on 𝕏

Thank you for being part of Bonzo Finance and the Hedera DeFi 2.0 journey.

- The Bonzo Finance Team

The views shared in this newsletter are personal opinions and do not represent official Bonzo Finance advice. Any forward-looking statements about Bonzo Finance and its associated projects involve risks and uncertainties. Please do your own research and consult a professional before making any investment decisions. Bonzo Finance is not liable for any actions taken based on the information provided.