Alpha issue #67
DMH's spotlight, new concepts and narratives, guides & more!
DMH Newsletter is a vital news hub with crucial updates & narratives and trends
Today you will find Alpha on:
Spotlight
Updates & Upgrades in DeFi
Alpha by Threadors & Good Reads
OnChain & Macro & News
Exploits & Bugs
Spotlight Project: Kyberswap
Multichain #DeFi exchange & aggregator on 13 chains⚡Swap at the best rates⚡LPs earn more | $KNC alpha: http://Discord.gg/kyberswap | TG: http://t.me/kybernetwork
🙍♂️ Followers: 295k
KyberSwap Description:
My friends from KyberSwap are one of the OGs in the space. They launched in 2017 and since then they have built the most integrated DEX aggregator with over 70 DEXes on 14 chains.
They have a unique concentrated liquidity design. Liquidity Providers do get not only high fees from the trading pools but also extra farming rewards on top of them.
Kyber also reworked Discovery Tool into KyberAI which brings a lot of insights about the market but is still in Beta. I will update you when it is available for everyone
Latest Update : First 5 Elastic farms on Scroll
Over 77,000 KNC rewards for Scroll LPs
Farm now with KyberSwap: more details
2/➯ Updates & Upgrades in DeFi
Uniswap implementing 0.15% swap fee for certain tokens on webapp and wallet:
Coinbase - Perpetual futures market:
Pyth.Network Tokenomicks:
Scroll Mainnet:
Manta Pacific to migrate from Optimism to Polygon tech as a zkEVM Layer 2:
Celestia distributed non-сlaimed tokens to users:
EtherFi's Liquid Staking Token Live On Goerli Ahead Of Mainnet Launch:
PIP-29 is now live, proposing the creation of the Polygon Protocol Council:
Immutable Extends $67M Token Vesting by One More Year, Developer Rewards to Vest Monthly from July 2024:
Reddit Plans to Sunset Its Blockchain-Based Reward Service Community Points:
Helix (perp dex on Injective) has unveiled pre-launch futures:
Balancer - Elliptical Concentrated Liquidity:
Aave DAO launches a $1M bug bounty with Immunefi:
25% trading fee discount on all crypto assets until Halloween on Vela_exchange:
3/➯ Alpha by Threadors & Good Reads
Avalanche: Subnets as RWA Infrastructure:
Electric Capital’s Developer October Update:
State Of Crypto Fundraising - Q3 2023:
Optimism Unleashed: Hunting For Hidden Gems In The Ecosystem Landscape:
Grayscale: Blockchains With More Users Trade At Higher Market Capitalization:
DYdX Won't Profit From V4 As It Becomes Public Benefit Corporation:
Summary Of Uniswap's Evolution, Hooks, zkAMM, And More:
Alpha list of DeFi threadoors:
ERC-3643: Token Standard for RWA Tokenization:
LPDFi: The Future of Liquidity Handling:
dYdX v4: with Great Decentralization Comes Great Responsibility:
Zero-Knowledge Proofs: The Magic Key to Identity Privacy:
4/➯ VITAL NEWS📰₿
SEC chairman Gensler confirms ongoing review of Bitcoin ETFs:
Tesla Didn’t Sell BTC During Q1 of 2023:
Eligible Coinbase retail customers outside the US can now trade perpetual:
Cointelegraph's fake tweet about ETF Blackrock sparked mass liquidation:
CryptoQuant’s models predict that $155 billion will flow into the bitcoin market cap should the ETFs be approved:
Сrypto exchange, OSL, denies reports of a pending sale earlier circulated by Bloomberg:
The $10 trillion BlackRock just filed an updated application for a spot #Bitcoin ETF after receiving feedback from the SEC:
$840B global bank Standard Chartered to launch #Bitcoin and crypto custody service for institutional clients in Dubai:
Spotlight Project - Asymetrix
Asymetrix is the decentralized, non-custodial protocol for asymmetric yields distribution generated from staking. You can deposit stETH into a shared pool which accrues around 5% annually as a staking reward.
🙍♂️ Followers: 3,4k
Asymetrix Description
How it works:
1. Users deposit stETH tokens into Asymetrix protocol, receiving Pool Share Tokens (PST) in a 1:1 ratio.
2. ETH staking rewards accumulate at the Lido APR speed and update every 24 hours.
3. Yield is distributed through random draws, with winners selected using Chainlink VFR. Initial deposits remain for future draws.
4. Winners automatically receive rewards as PST, increasing their chances of winning in future draws.
5. Users can withdraw their initial deposit at any time, exchanging PST for stETH at a 1:1 ratio. Asymetrix is non-custodial.
Latest Update: Asymetrix V2
5/➯⛓️On-Chain Data:
Uniswap Labs' new Interface Fee generated $88K in the first 24 hours:
Stablecoins are the 16th largest sovereign holder of treasuries:
Over 1,000 ETH bridged to Scroll:
Friend Tech Trend Tracker (10.19):
6/➯ Macro Metrics 📈
US Treasury Yields...
The 10-Yr Treasury bond is down 5% this year:
Total US debt is now up ~$650 BILLION since it crossed $33 trillion exactly 1 month ago, according to Zerohedge:
Tesla: Q3
7/➯ Exploits & Bugs
Large number of EVER tokens have been stolen:
Platypusdefi receives 90% of stolen funds:
Fantom Foundation confirms $550,000 stolen from one of its wallets:
HopeLend protocol fell victim to a hacker attack:
That’s it for today frens!
Thank you for staying with us. Your future self will be grateful.
You can follow me on Twitter ➯ DeFi_Made_Here
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