🚨Daily Alpha & Highlight (21 Aug'23)🚨
Presented by 😀Layergg

• Thorchain officially launches lending feature

• Maker considers reducing DSR from 8% to 5%. Following this proposal, some whales including Justin Sun have withdrawn from the pool.

• Friendtech plans to distribute 100 million points over a 6-month beta period. Each point is expected to be worth $0.6.

• Vitalik Buterin has deposited 600 ETH into Coinbase at UTC 03:34:35.

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#Highlight

💎Highlights for the Upcoming Week💎
Presented by 😀Layergg

• $BTC - A resolution in the Grayscale-SEC lawsuit may come by the end of August. The scheduled Jackson Hole meeting this week might trigger Bitcoin's volatility.

• ETH/BTC - Bitcoin's dominance is declining. A pennant pattern is anticipated in the ETH/BTC chart.

• Friend.tech - CoinGecko has introduced a Friend.tech screener.

• $RUNE - THORChain launched its lending feature on August 21. *When lending, an amount equivalent to the loan is burned in $RUNE.

• $INJ - Injective 2.0, launched on August 17, incorporates a mechanism to burn tokens weekly.

• $FXS - A V3 launch is slated for the end of August.

• Helio Protocol - Recently secured a $10 million investment from Binance Labs. Users minting $HAY will be rewarded with the $HELIO governance token.

• EigenLayer Protocol - On August 22, they plan to increase the LSD restaking cap to 100k LSTs.

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😃@Layergg @Coinkor

#Highlight #Upcoming

🚨 #VenusProtocol Exploit Recap🚨
Presented by 😀Layergg

🔸Last Oct: 2M BNB ($600M) exploit.
🔸BNB hacker: Took $150M loan w/ 900K BNB collateral.
🔸BNB short spike in June.
🔸CZ & team intervene. BNB: $220-$260.
🔸Aug 18: $BTC drop leads to $30M BNB liquidation.
🔸Market wary of potential $BNB sell-off (780K, $124M).

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😃@Layergg @Coinkor

🚨Daily Alpha & #Highlight (22 Aug'23)🚨
Presented by 😀Layergg

• Thorchain's Lending RUNE Burnt increased by -232k in just 8 hours, marking a 1.5x rise. Concurrently, $RUNE's price surged by 10%, moving from $1.6 to $1.75.

• $WAVE is a Russian narrative. The correlation with events, like the US Embassy in Belarus issuing an immediate departure recommendation for all American citizens residing in Belarus, is significant.

• Maker's DAI market cap expanded from 4B to 5B in a single day. The ESDR is set to adjust from 8% to 5%, and an upcoming $SPK airdrop is announced.

• SocialFi is gaining momentum, influenced by the Friend.tech app. As a result, $CYBER, newly listed on Binance, saw a 20% spike within 8 hours. Listed on the Upbit BTC market.

• Base Chain's TVL broke through the 250M mark, showing a clear correlation between the growth of Base Chain and the price dynamics of $OP.

• BNB is entangled with the Venus Protocol hacking incident. Its major support level at $220 collapsed. A potential dip below $200 could have significant ramifications for the market.

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😃@Layergg @Coinkor

#Highlight

🪂 5-Minute Airdrop Guide #friendtech
Presented by 😀Layergg

Crypto VC Paradigm has invested in Friend.tech, which holds a high probability of becoming the next #BLUR.

🔹Blur : $10,000~$100,000 (1 Point = $0.7)
🔹Arkham : $10,000~$50,000 (1 Point = $0.7)
🔹Friendtech : 💎

Cost - $20
Potential gain - $500~$1,000

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😃@Layergg @Coinkor
#5minute #Airdrop

📝THORchain Lending

🔹What is THOR Lending?
Thorchain ($RUNE) launched Thor Lending on August 21.
Lending with no liquidation, no maturity, no interest. Until now 284k $RUNE is burned

🔹THOR Lending Structure
Wen Lending
Wen lending, THOR using collateral to burn $RUNE, thus the benefits are collective among all $RUNE holders.

Wen Redemption
Conversely, wen repayment, $RUNE is issued, so the liability is shared by all $RUNE holders.

🔹Wen Deflationary?
When mint $RUNE ≤ burn $RUNE, $RUNE must outperform $BTC to establish deflation.

The deferences from LUNA is on the tweet...
Full Notion article(EN)

#Research #RUNE

🚨What happened in #CRV in the last 24h?🚨
Presented by 😀Layergg

🔹3 days ago, DWF Labs showcased a significant move with their $CRV holdings on Binance.

• On the 1st of August, they executed an OTC deal, spending 5M to acquire a total of 12.5M CRV. This deal was made directly with the founder of #Curve, setting the CRV price at $0.4 each.

• 3 days ago, DWF Labs transferred 2M CRV (equivalent to about $1M) to Binance.

• 1 hours ago, According to Andrei Grachev (@ag_dwf) of DWF Labs, the reason for this transfer to Binance was not for selling but for trading purposes.

• The renowned Twitter influencer Hsaka anticipates a decline in the value of $CRV to $0.4.

😄 View details on Twitter

😃@Layergg @Coinkor
#CRV

🚨Daily Alpha & Highlight (23 Aug'23)🚨
Presented by 😀Layergg

•Grayscale-SEC lawsuit verdict postponed

•dydx Wintermute's governance proposal to adopt $DYDX as the primary L1 token

•StarkNet token release rumors surfacing

•Radiant Capital confirms Ethereum Mainnet launch date

•Akash Network undergoing significant upgrade

•The last five days have seen Bitcoin and Ethereum steadily draining from exchanges (BTC 16K, ETH 200K)

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😃@Layergg @Coinkor