Alpha issue #72
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
Discover Holdstation - Smart Contract Wallet for Futures Trading.
Blending components such as L2, account abstraction and privacy with the futures trading module unlocks the transition of Web2 traders to Web3 with no hassle.
Holdstation DeFuture Wallet and Perp Dex:
• Traders-friendly: Allows for a wide range of trading: cryptocurrencies, forex with huge leverage of 500x and 250x on commodities
• Account Abstraction simplifies token swaps without requiring token approvals. Users can pay gas fees with any token, not just ETH.
• Vault APY: The DeFutures Vault offers an APY of 270%, with a stable 15% USDC yield, presenting a profitable opportunity for conservative risk takers.
• Holdstation provides a platform for trading non-custodial derivatives, including perpetual futures and options.
• Market competitive rates: Holdstation suggests a swapping function with lower fees (0.2%) than Metamask (0.8%)
🙍♂️ Followers: 79k
Here is a look at some of the groundbreaking stats:
Total Trade Volume - $373.8M
Total Fee Collected - $235,053.10
Total Trades - 36,927
Total User (Wallet & Trade) - 60,268
120,000 downloads from IOS and Android with over 12K Daily Active Users
Holdstation : Top 12 TVL on zkSync Era - According to data in DefiLiama
Latest Update: Farming “GOLD”:
Based on recent reports, it appears that @HoldstationW might release its launchpad and token in November.
$GOLD: is a utility token, similar to $SLP, this is a reward for product usage (swap, trading and holding balance) on both AA wallets and EOAs wallets. There is a high possibility that in November, $GOLD can be used to convert to stablecoin & $ETH.
The two-stream Holdstation model includes $HOLD for management and $uGOLD for utilization.
$HOLD: participate in the management of the protocol, bet for real profit and take advantage of commission discounts.
$uGOLD: convert rewards, take advantage of commission discounts and switch to stable coins if necessary.
To generate you just need to perform simple activities in Telegram Bot or :
Swap tokens in your wallet for $GOLD.
Trade on Holdstation DeFutures to earn $GOLD. Minimum trading volume is $2,000.
Invite friends to earn bonus $GOLD.
2/➯ Updates & Upgrades in DeFi
Aave introduces GHO Passport:
Ethereum's empty block % dropped dramatically after Merge:
Rocket_Pool tokenomics overhaul currently being voted on:
Prisma Retroactive Airdrop:
Arbitrum DAO approves proposal to activate token staking:
Velodrome Relay is now live:
Solana Hyperdrive Hackathon winners:
Booster rollups, ZK-EVM as a ZK coprocessor:
Ethereum All Core Developers Consensus Call #121:
Announcing Synapse X - Modular bridging:
Rage V2 Aggregator:
Rádius encrypted mempool development:
Cakepie, the freshest SubDAO under Magpie's expansive wing, exclusively tailored for Pancakeswap enthusiasts:
Prisma Debt Raise Interest Rate Increase from 1% to 2% on all collaterals:
Imagine if every Tesla was tokenized as a dNFT with real-time metadata updates:
KWENTA x VALIO: 75 new pairs to trade, up to 50x leverage, and ultra-deep liquidity:
Cardano to use Substrate from Polkadot SDK:
Lens Protocol v2 Mainnet:
3/➯ Alpha by Threadors & Good Reads
LSD Ecosystem Map:
Deep Dive: 1inch Fusion
Deep Dive Series on Bridges III:
Exploring paths to a decentralized, censorship-resistant and non-predatory MEV ecosystem:
Solana Breakpoint:
GMX vs Synthetix:
Thread: 10 Great Crypto Chart/Data Poasters You Should Be Following!
Current narratives :
DefiIgnas top picks for the bullrun:
4/➯ VITAL NEWS📰₿
Spot BTC ETF effect on total crypto market cap:
WORLD’S LARGEST NFT PLATFORM OPENSEA JUST LAID OFF OVER 50% OF ITS EMPLOYEES:
Tracking Arbitrum STIP Round 1:
Overall USD Stablecoin Market Cap On Ethereum Down Roughly $4 Billion:
mkUSD peg is already pushing 0.99 and pools are becoming very imbalanced:
SEC is having trouble hiring crypto experts — because of a rule they must sell all their crypto:
Arthur Hayes has earned +$2M since he started staking GMX back in summer 2022:
FTX Wants to Sell $744M Worth of Grayscale, Bitwise Assets:
Hong Kong Now Considering Spot Crypto ETFs for Retail Investors:
SOL Drops 5% as FTX Estate Transfers Tokens to Binance, Kraken:
Major US DOJ seizure: More than 30,000 ETH worth $54 million linked to illegal drugs are now in the hands of the US DOJ:
Bank of England proposes allowing stablecoins as a payment option for goods and services:
Georgia's central bank taps Ripple for digital currency pilot project:
5/➯⛓️On-Chain Data:
A whale withdrew 70,100 $AAVE($6.9M) from #Binance in the past 2 hours:
Main usecase of eth is earning a native bond yield while being able to create credit to do whatever else:
I.e, getting liquid staked eth and shoving it into a lending market. As eth pumps, this becomes even more attractive as USD credit you can access grows.
PERPS: Whenever a centralised platform goes down or volatility hits a local top, perp dexes pump. CEX to DEX rotation is a factor too:
NFT volume for the past 5 weeks has been steadily increasing:
A further $13.7M has moved from FTX/Alameda to CEXs since our their last update:
Large-scale selling liquidity remains low:
Link has already shown good growth, but should we expect more movement?!
Kaiko: SOL net purchases were led by US exchange Coinbase, with the market buying 2.2 million SOLs since the rally began on Oct. 18:
6/➯ Macro Metrics 📈
In 2023, BTC is up +93% against gold and ETH is up 39% in gold terms:
Bond yields are rolling over. Or is it just volatility? - Ecoinometrics:
U.S. October Jobs Up 150K, Missing Forecasts for 180K; Bitcoin Remains Lower at $34.3K:
7/➯ Exploits & Bugs
Aave found a vulnerability in their v2 and paused contracts:
Crypto exchange Bitfinex suffered a phishing attack:
Seems like TrustPad has been hacked. FYI:
A scammer has stolen $588,000 in Bitcoin from victims who downloaded a fake Ledger app:
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
If you liked this newsletter and love to learn and share knowledge about crypto, you can share this post with your crypto frens!
Great read ser! ARB STIP and ARB staking will be a huge boost for the ecosystem
You can analyse these movements in real-time using Loch! Check it out - https://app.loch.one/home/0xF3FC178157fb3c87548bAA86F9d24BA38E649B58?redirect=home
This is the Arbitrum Treasury wallet