Farming Points? That’s cool.
But do you know the APR you realistically earn?

Dropped my summary of Points users earn for adding liquidity and the APR they translate to.

Might be helpful to make decisions 😉

Happy Saturday, fam!

Dropped my Chromia $CHR investment thesis here, probably nothing 😉

The next big airdrop on Solana?

It’s Zeta. Here’s my guide to farm it, TGE in Q2.

Fresh research is served, chads

General
➖ CoinGecko: Top Crypto Narratives Gained 39% to 1313% in Q1 2024
➖ Coinbase: Weekly: Suspended Animation
➖ Galaxy: The Big Empty
➖ Galaxy: Ethereum All Core Developers Consensus Call #131 Writeup
➖ Galaxy: Top Stories of the Week - 4/5

Market
➖ 4pillars: Monthly FP: Meme Frenzy (Mar. 2024)
➖ Crypto.com: Crypto.com Visa Card Consumer Spending Insights 2023
➖ SSRN: The Asymmetric Effects of Upside and Downside Risks in Cryptocurrency Markets: Insights from the Luna Crisis
➖ SSRN: How Much Bitcoin Should We Allocate to the Portfolio
➖ Glassnode: Finance Bridge: Approaching the Halving
➖ Glassnode: Spot Driven Rally
➖ Galaxy: Protecting Your Purchasing Power

DeFi
➖ Crypto.com: Decentralised Compute for AI Development
➖ Galaxy: Exploring the Evolution and Growth of DeSoc Apps

Blockchains & networks
➖ 4pillars: Modular Harmony - The Journey and Future of Modular Blockchain
➖ Crypto.com: Bitcoin Ordinals Development and Introduction to Runes
➖ CoinMarketCap: What Is Saga? Bringing Infinite Horizontal Scaling to Crypto
➖ SSRN: Blockchain Security: Work on Securing Blockchain Networks and Smart Contracts
➖ SSRN: Why Bitcoin and Ethereum Differ in Transaction Costs: A Theory of Blockchain Fee Policies
➖ Simetri: Alphaverse: The Pendle Hack

Tokens & currencies
➖ Binance: Saga (SAGA)

GameFi & NFTs
➖ Footprint: An Interview with Mines of Dalarnia: Carving New Paths in the Web3 Wilderness

Here’s a super useful database for tracking airdrops from Whitelist.

Definitely a must-bookmark thing.

Don't forget to take a break from your grind occasionally and savor life's moments.

Especially on tough red days.

Happy weekend!

A few days ago, $BTC dumped from $67k to $61k in just a couple of hours with a cascade of liquidations.

And it's not just about leveraged trading.

On April 13th, $50M was liquidated on Aave.
Another $50M was liquidated on Compound.
$20M was liquidated on Marginfi.

Do I really need to continue?

There seems to be a paradox in the thinking of Web3 folks: Leveraged trading is widely recognized as a risky endeavor, yet the risks associated with leveraged DeFi are often overlooked.

When you deposit stablecoins to borrow 10x $ETH, you expose yourself to the same risk of liquidation as when you engage in a 10x $ETH leverage trade.

I doubt that any passive yield opportunity you pursue with borrowed capital is worth the risk involved.

The experiences of Alameda Research and FTX are stark reminders of the perils of overleveraging in DeFi.

Even with their expertise and resources, these market players suffered significant losses during times of market instability.

Want more examples?

Remember Voyager, Celsius, and 3AC who were not immune to the perils of overleveraging.

This tweet is a reminder that regardless of upcoming catalysts such as Bitcoin halving or an Ethereum ETF, the market is wild, and you have no control over it.

Don't overleverage, dude.
And if you do, at least choose pegged assets (i.e. ETH → $stETH) to maximize your yields.

Great unbiased analysis on the Bitcoin price and the recent market correction here.

Worth having a read.

Dropped a detailed thread on Mangrove (a Blast-native order book DEX which pioneers the concept of reactive liquidity) and a guide to securing their airdrop.

Have a look!

Got some alpha for my Telegram fam.

Can’t disclose what it is exactly, but it might be a good idea to get yourself a @Wallet and deposit some $TON or $USDT to it ;)

There’re two big events brewing this week: Halving and Merlin Chain’s TGE.

Here’s one thread to explain you everything regarding the Merlin, the largest Bitcoin L2 and potentially the only to have long-term traction.

Have a look!

Avail has dropped their airdrop claiming page; the rewards will be distributed on Avail’s mainnet launch coming very soon.

To check eligibility: https://claim.availproject.org/

Criteria:

– Rollup users, Polygon PoS stakers, governance contributors

– Starknet users

– Supporters on Twitter

– Contributors on GitHub

For the first criteria, I guess most of you should be eligible.

More info here.

It’s here: TON just announced launching $USDt for seamless Telegram crypto payments along with a $30M incentive program.

TL;DR: TON incentivizes @Wallet stakers with 50% APY starting Monday.

Here’s more info.

Sometimes, a single infographic conveys more than a long thread.

Check out this visual report on MUX, one of my go-to platforms for liquidity provision.

PS: These reports are now a regular feature in my posting schedule. Feel free to share your thoughts on this format.

Another interesting Node Sale takes place next week: AI + Infra narrative.

Here’s my in-depth report.

Have a happy weekend!

The impact of Runes on the Bitcoin network is way beyond immediate profits and degening.

It might make this post-halving cycle much different from what the history suggests.

Make sure to go through my new report covering Runes, Bitcoin block rewards, and mining profitability.

Henlo, my frens!

Who wants some $BORPA White lists?

This is exclusive for my Telegram fam only.
The rule is simple. I have 8 WL slots and all I need from you is your Solana address.

About $BORPA:

– Low starting valuation of $1.4M
– Launched by Entangle, positioned as a a 'Next Generation Memetoken':
– Fair distribution of supply with 51% allocated to high APR farms,
– Deflationary token strategy that increases viral growth with more interactions
– The Borpass artifact concept that adds a lottery-like thrill to holding the token

Each WL is a $200 allocation for a fair launch 😉

FCFS, comment to drop your address!