Alpha issue #104
DMH's spotlight, new concepts and narratives, guides & more!
DMH Newsletter is a vital news hub with crucial updates & narratives and trends
Spotlight Project: HMX
HMX offers up to 1000x leverage on Crypto, Forex, and Commodities. It accepts various crypto assets as collateral with cross-margin collateral support, enabling flexible position and risk management strategies.
Additionally, HMX provides low fees comparable to CEXs. What sets HMX apart are its additional features like subaccount support, instantaneous execution, one-click trading, on-chart trading, and more, which offer a user experience similar to CEXs while still retaining the benefits of decentralization.
Users also have the opportunity to become market makers for traders at HMX by depositing assets into the HLP vault. The liquidity in the HLP vault serves as the market-making liquidity for traders at HMX and the vault is unique because it is built on top of GMX's GM token.
This unique feature allows depositors to earn yields from both GMX and HMX fees, maximizing passive real yields for the same liquidity used in market-making for both platforms.
The collateral factor for the BTC and ETH has been increased to 0.90.
With this change, your $BTC and $ETH collateral will now give you more buying power, allowing you to open larger positions!
Current HMX fees still the lowest in the market (0.02% for BTC& ETH, 0.03% for other cryptos & commodities, 0.01% for FX)
Introducing Enhanced HMX Staking Mechanics & Increased Benefits for Stakers
The changes aim at rewarding long-term holders over short-term traders placing the governance power and higher staking yields in their hands.
A 21-day cooldown period to claim will be introduced to unstaking
5% of the esHMX emission dedicated to LPing will go to $HMX stakers
10% of the $HLP yield esHMX emissions will go to HMX stakers
HMX stakers will get a Zeno Exchange airdrop
These changes will be effective starting on the 7th of March (Thursday).
Trading Fee Discount:
To celebrate HMX going live on Blast, DEX is going to cut fees on BTC and ETH trading once more.
Cutting fees in half and bringing them to 0.02%, HMX will have the lowest fees among LP-based perp DEXs, and among the lowest in the whole market.
This promotion comes in handy to attract volume to Blast, where HMX is one of the Big Bang Competition winners.
There will likely be a $BLAST airdrop for the DEX's users.
Zeno Exchange confirms airdrop allocation to $HMX Stakers
Zeno Exchange is a decentralized perpetual exchange built on Metis and backed by the chain itself.
Its goal is to become the premier DEX of the chain and HMX will support it with code base and technical guidance.
For higher community alignment, 25% of the Zeno supply from community incentives will be allocated as an airdrop to $HMX stakers.
This marks another big step in the project’s expansion to more chains together with Blast’s integration.
2/➯ Updates & Upgrades in DeFi
Dencun Mainnet Announcement:
$KEP claims is Live now:
Stake Bitcoin with Babylon & Claim your Pioneer Pass:
CAKE RUSH #2: Convert CAKE tokens to get mCAKE + CKP rewards:
AEVO TGE Update:
Theta_Network announces Theta EdgeCloud:
STIP PENDLE RUSH #4 is now live on Penpie:
3/➯ Alpha by Threadors & Good Reads
WHEN ALTSEASON:
Distinct verticals are emerging within the ZK Coprocessor landscape:
Playbook for Blast_L2:
DWF Ventures Ethereum ZK-Rollups Overview:
Technical explanation of Eigen Layer:
4/➯ VITAL NEWS📰₿
Marathon Digital has revealed that it is incubating Anduro, a new programmable, multi-chain L2 network:
Gemini agrees to return over $1 billion to customers:
Coinbase users experienced app outages during major volatility:
5/➯⛓️On-Chain Data:
ATH in daily crvUSD borrows today:
New on-chain milestones on GMX V2:
Algebra - trading volume & collected fees are popping:
How Dead is Friend Tech:
The total net inflow for Bitcoin spot ETFs was $673 million on February 28th:
Ultimate dashboard to following big Narrative 2024
Overview Funding Rate Heatmap:
6/➯ Macro Metrics 📈
Germany - Manufacturing output & high-frequency data:
The Office Vacancy Rate Is at Its Highest Level Since 2000 and Is Likely to Rise Further if the Shift to Remote Work Persists:
Japan's Demographic Implosion - Live Births Crash To Record Low, 12 Years Ahead Of Forecast:
7/➯ Exploits & Bugs
Seneca Protocol was compromised:
That’s it for today, my friends!
Thank you all for staying with us. Your future self will undoubtedly be grateful for the knowledge and insights gained here.
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