ZKFair is coming

I've prepared small growth proposal for Community Proposal Campaign

It has some analytics for current state and will add some more research here. Please, upvote
Link

ZKFair came out of nowhere to be new fair ZK rollup. But is it this fair?

The first announcement was on Dec 5, first tweet on Dec 8. They announced:
- 100% supply to be airdropped
- Partners with Polygon, Celestia and Lumoz

And that’s ALL. Ok, people care about few free coins but what’s the strategy.

Dec 18 ZKFair announces airdrop details with gas fees airdrop and few more partnerships.

Gas fees airdrop (GFA) worked in a way where you spend gas for tx (gas paid in USDC) and part of your fees will be converted to ZKF, other part will be returned. It sound strange - you need to deposit USDC to no name protocol with no public team, 2 weeks old and burn it all. They tried to collect 3M USDC in fees in 48 hrs in 4 periods.

5M USDC was deposited to ZKFair before GFA started. And it started on Christmas holidays, when people mostly don’t pay to much attention on launches. BUT THEN. ~5M USDC was burned in 12 hrs. In the next 12 hrs, 16,5M was burned, next - 42,5M, next 53M. The minimum tx fee for the last stage was 420 USDC.

The next interesting thing - they launch token on Jan 1st - just after New Year, when everyone is drunk and festive. 70+% of supply will be whales, ZKF launches with extra small cap - 1M USD when airdroppers won’t massively sell. I expect 100M market cap in few minutes after launch. Everything below 100M is a good entry point, IMO.

Let’s compare metrics to other L2s. ZKFair TVL is 50% higher than Scroll’s. Stables supply is only 25% less than ZKSync Era and higher than NEAR or Tezos.

Top 50 wallets have 45M USDC =~60% of TVL. They can push price anywhere they want. 4M tx count and 200k+ wallets feels VERY bullish.

In few days, I would expect Cap around ~1B and the pice for ZKF won’t be dumping.

For risk/reward <100M Cap I see as very good entry point, <250M OK-ish, 250+M - risky. But, we’ll need to see the price action in first minutes after launch to make a decision. I’ll prepare some USDC I can lose to gamble for 10x+

Taking Koda to New Year

Otherside.xyz is Yuga labs’ flagman project. I recently bough Otherdeed with Koda for ~4,75 ETH and want to share the reasons why.

- Bluechip NFTs can be considered as leveraged bet on Ethereum
- The floor for Koda’s was stable during all bear market
- I was hunting NFT opportunity for some time to get the good price
- LOTM was released
- Yuga plans to launch L2
- Otherside is Yuga’s main project
- Web3 gaming will have a new hype cycle

Yuga’s NFTs are mostly JPEGs, but, some got utility. I’m talking about Otherdeed - Otherside land and Koda - Otherdeed gaming character. They will have utility in Otherside metaverse in future. However, Yuga released Legends of the Mara - simple browser farming game, where you could use you Otherdeeds and Kodas to farm resources or fight for chests.

There are only 5 types of resources, each has a hard cap. I haven’t heard too much of LOTM, but these resources are farmed out by small amount of people. Yuga knows how to promote and hype so I think they are in prep stage.

They are building Otherside metaverse, own L2 and building LOTM. They also added APE utility inside LOTM - you can buy in-game currency for APE. Ape is in long accumulation and can be considered for investment to sell the news.

What about Kodas? Lowest value for Koda was ~2,8 ETH, I think in bad scenario it can be sold around 3 ETH. However, the upside in 3-10X. Moreover, you can farm resources or chests with it NOW. You can also rent Kodas for passive income.

My strategy for now is to farm chests and expect ~5X in Koda value. 1 chest is farmed in around 18 days. It feels Kodas are undervalued compared to Apes (~26ETH floor) with same supply and no utility.

DYOR, anons

ZKFair token becomes claimable today 3:00 UTC
Gonna try market buy some on listing on SideSwap

New year is not excuse not to ape some coins

Happy New Year, anons! 🎄🎉

Most of you seen narrative predictions from VCs on X post

My top 5 picks for 2024 predictions
1. BTC and ETH will reach All-Time-High
2. Web3 games and NFT will be hyped, some gaming token will reach 5B+ Mcap
3. AI / DePIN + blockchain projects will be hyped without Product-Market fit
4. UX will be revolutionized, best UX dapps will be skyrocketing in terms of users, revenue and marketcap
5. TradFi - DeFi bridges will be hyped and tokenized assets will have sustainable on-chain volume growth

Wish you safe bets, low risks and maximum gain in 2024 🚀

Bough some ZKF on listing, average price 0.0033 USDC per ZKF

Expecting 10+X from here

Some Options for January

Panoptic.xyz - options trading platform

In Nov 2023 Panoptic announced 7M round led by Greenfield capital

On Dec 21 they launched open beta on Base with deez/nuts tokens - https://beta.panoptic.xyz/

It has a lot of bugs, but UX is nice and intuitive. There is no shill for the platform and ~200 addresses on test leaderboard. There is production version of Panoptic, but don’t I don’t have access for it now.

My strategy is just to play around, keep positions open for some time and follow the project. Doing it mostly for research purpose - gonna build some deltaneutral strategy later this year

DYOR, anons

No time for research, but it feels 3,5$ is very good entry point for SNX

IDO Series #1

The early bull market signals new tokens to launch. There are many ways for token distribution and IDO can be a THING again.

IDO platforms who survived the cycle, had treasury and reputation would start sales again. The early sales are the bread and butter for people who understand the trend.

Today I want to show you old but gold Polkastarter. Few thesis:
- They hired new people, maintained treasury and reputation
- Launched only 13 projects in 2022 and no projects after Aug 2022
- In 2024 they are coming back with 2 projects
- FDV 87M is OK-ish entry point for any project with good team in this market

Both projects seems good. The first one - Web3 Game Citizen Conflict. Raised 7M, 500$ allocations and 630k initial Mcap without liquidity - rocket ready for take off.

Second one is much more interesting - Overlay Protocol. The investor board is GOOD - ParaFi, Polychain, Metacartel, LAO, 1kx. Launch parameters are TBD but ~360k initial MCap sounds NICE.

For the first 2 IDOs in 1,5!!! years Polkastarter needs to show numbers. If they can make this 2 launches successful - token price might go higher. On today's micro dump bought some POLS. I’ll consider tries to get allocation in IDO projects as leveraged bet on POLS.

DYOR, anons

Arbitrum passive income strat

Please, meet Perennial - money market on Arbitrum yet without token

They raised 12M from Variant, Polychain, Coinbase Ventures and others.

5M TVL, only few users and 180% APR on USDC. I put ~650 USDC to earn in epoch 5 and got 7 ARB reward in only 16 days. All rewards are in ARB.

If you want to try - please have a ref
https://app.perennial.finance/trade?referrer=max

This one is early, risks are high and DYOR, anons

Raiser DEX sale

50+% tokens sold in 1hr, bought few tokens at 0.11

https://x.com/raiserdex/status/1743188602895429679

DYOR

Inscriptions lucky try

I'm not into inscriptions, BUT I found bigint.co

21M supply, 5 tokens cost you 0,14c. Upside - don't know. Minted 100 tokens as a small gamble. You can also mint BigInt Handle to being eligible for Airdrop Season 1 (c).

Investment thesis:
- risk is few usd
- they have disabled airdrop button (can check here) and 3 seasons, I didn't buy handle
- ZKSync put them in thread
- IMHO, too much work done for pure scam (got 14,5 ETH on balance), for example, Zealy page, collections, explorer and api docs; got Discord messages from september
- some ZKSync activity
- Are you really reading thesis for 10-50 USD investment on this market?

They got ref but not sure it's working, meh, https://bigint.co/incriptions/mint/bgnt?refCode=W_YHsPr4d

Watch what you sign and DYOR

Bought some SWISE few days ago at 0,059. Currently 0,052 and it feels like a good trade. Will be no deeper research for this one

The elephant in the ARB

Recently, I’ve written a post about Perennial. I needed some USDC for my strategy, but it’s not that efficient to stay in USDC in the bull market, thus, it can be borrowed against ETH.

One of the most interesting lending products on Arbitrum is Dolomite. ~30M TVL, no token, participation in STIP program and good investors onboard like Draper Goren Holm, NGC and Coinbase Ventures.

I deposited some ETH to borrow USDC against it. When you put your ETH as collateral - it still earns some ARB via STIP and your USDC loan will be covered by oARB rewards. oARB - vested ARB that you can unlock without loss in 26-40 weeks depending on your account level. Level 4 allows you to claim your rewards in 26 weeks. To get level 4 - you’ll need to do MANY quests, these quests are quite expensive, but, they have only a few hundred participants. Getting lvl4-5 would cost you 50-100USD and few hrs of your life.

Currently, ETH APR is ~17% and USDC APR is 27% with borrow rate ~8% for USDC.

DYOR, anons

Joining Homeowners Association

Today I discovered that Parcl has it's own NFT collection. Parcl - Real Estate platform on Solana, raised 10+M from nice investors including Dragonfly, Shima and Solana Foundation. The project already has standard points + referral system.

As I'm pretty bullish on Solana ecosystem, I was already supplying some liquidity to Parcl. But NFT leverages the bet in few ways:
1. NFTs are typically leveraged bet on L1 asset (SOL)
2. I think it guarantees drop
3. To buy NFT, you use Tensor, which may have it's own drop

I had some spare SOL, so bought the NFT. If you're still not into Parcl, you can use "wheel" code on referral page.

DYOR, anons

Affine - DeFi Yield on MATIC

Affine - liquidity management solution on Polygon. They raised 5+M $ from Tier 1 VCs like Jump, Coinbase Ventures, Circle, Shima, Hack VC etc.

Affine is on market for 1Y+ but it’s still very early. Product is simple and straightforward, generating me some yield on USDC. With ~250 USD investment, I’m in top 500 accounts on leaderboard. BUT, I have Affine pass NFT that give +50% boost on points, yes they also have points. Affine NFT already had 2-3x in recent few weeks.

TVL is 2,5M USD, marketing is not on. My strategy is to have few hundred USD farming with pass.

DYOR, anons