Alpha issue #76
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
Holdstation is the foremost AA wallet on the zkSync, based on Perpetual Dex, WalletFi.
DeFutures aka Holdstation Perpdex
Dynamic Price Feed (DPF) provides accurate pricing for all assets. It takes the average price from the CEX spot oracles, while safeguarding against scam-wicks (manipulation), ensuring the fairest prices for all Holdstation users.
Market competitive rates: Holdstation suggests a swapping function with lower fees (0.2%) than Metamask (0.8%)
Batch Transaction and Paymaster sponsored network commissions for positions over $5000 are applied to DeFutures, and users can pay network commissions in Stablecoins rather than $ETH.
Token contract scanning powered by dedotfi
An in-app annulment, no affiliation with third parties.
DeFutures Vault permits the traders to generate real returns from trading commissions (real returns)
Explanation feature like Batch transaction and Paymaster:
Batch transaction: Aggregation of several transactions and their processing in one batch. The main advantage of this feature is the ability to swap/trade futures in one click (UX is analogous to centralized exchanges )
Paymaster: Sponsoring fees for users, enabling gas payments with stablecoins (not limited to just $ETH).
Here is a look at some of the groundbreaking stats:
#2 in Fees/Revenue on zkSync
Total Trade Volume - $450M
Total Fee Collected - $310k+
Total Trades - 50k
Total User (Wallet & Trade) - 80k
120,000 downloads from IOS and Android with over 15K Daily Active Users
Latest update: Holdstation Launchpad - #NewEra is READY
Holdstation Public Sale Overview:
Date: November 21-24, 2023
Model: Subscription
TGE: 100%
Initial Market Cap: $5,173,500
▶ Holdstation Public Sales Information
Hardcap: 1,500 ETH
Hardcap Per User: 30,000 HOLD (15 ETH)
Softcap: 1,000 ETH
Amount For Sale: 3,000,000 HOLD
Price: 0.0005 ETH/HOLD
▶ Public Sale Schedule:
12:00 PM UTC Nov 21 - 12:00 PM UTC Nov 24
Nov 24: During this period, the subscription pool is open for individuals to commit ETH on zkSync Era.
12:00 PM UTC Nov 25 - 11:00 PM UTC Nov 27: Calculate HOLD token distribution.
12:00 PM UTC Nov 27: HOLD tokens are available to claim & launch.
Participate in HOLD IDO on Holdstation Launchpad here: Link
2/➯ Updates & Upgrades in DeFi
DyDx loses $9m from its v3 insurance fund due to the situation YFI:
LayerZero_Labs release updates on Layerzeroscan.com:
Perps V3 on Sythetix is on horizon:
Staking On Ether.Fi Now Available To Everyone:
Phantom introduces cross-chain exchange:
Vega Protocol presents decentralized perpetuals on a L1 blockchain:
Blur Season 2 Launched today:
The $PYTH. airdrop claiming has started:
1Inch Dao approved proposal to swap $ARB Tokens to USDC and Bridge to the Ethereum Mainnet:
3/➯ Alpha by Threadors & Good Reads
Extensive guide on Solana Fast-Growing ecosystem:
Explanation of the situation regarding DyDx:
Selection of Long-term GameFi projects:
Unibot Deep Dive:
Pyth Network Tokenomics and Valuation:
Trends related to AI and GameFi are demonstrating advanced dynamics:
On-chain tools to detecting 100x gems:
4/➯ VITAL NEWS📰₿
Sam Altman and other outgoing OpenAI employees will join Microsoft to conduct new cutting-edge AI research:
Elon Musk affirmed that 25% of xAI is owned by X Corp shareholders:
Chainlink CCIP Will Create The World's Largest Liquidity Layer:
Mastercard on CBDC: Skeptical of CBDC implementation due to customer satisfaction with existing systems:
Jump Trading makes cross-chain protocol Wormhole a separate business:
Cryptocurrency exchange purchased 100% of CoinDesk shares:
Santander Private Bank Introduces Bitcoin, Ethereum Trading for Clients in Switzerland:
Ethglobal 2024 in Sydney:
5/➯⛓️On-Chain Data:
SOL balance on Backpack Exchange dropped off a cliff on 19 Nov 1100 UTC:
Now that the perp dex market segment is heating up, a $GMX price recalculation is expected shortly:
On-chain Perps is a new meta:
Quarter-on-quarter change in USD stablecoin liquidity
Solana DEX volume hit $1.93B last week
The percentage of BTC transaction fees earned from inscriptions is approaching the highs recorded in May
$PENDLE increases its APY (to 106%) due to new $ARB STIP stimulus that no one notices
SeiNetwork has been processing 25M weekly transactions for the past few weeks, and they have over 550K daily active users onchain
Aave Protocol V3 had the highest growth past month
Avalanche now has its own ordinals called ASC-20s. A mint transaction costs ~90% less than the average c-chain transaction
Findings On How People Manipulated The Price Of $YFI To Make Profits On Dydx
6/➯ Macro Metrics 📈
Its all linked -- Central Bank liquidity-> Global M2-> Bitcoin Price-> Crypto Prices-> Crypto Users
The Bloomberg Aggregate Index inched about 0% YTD (blue line).
Gold vs other major currencies:
21Shares & ARK updates its Bitcoin ETF spot filing, discloses 80bps fee
Nice stuff coming from the SEC regarding BTC Spot ETFs
U.S. bank stocks never recovered from the regional banking crisis:
7/➯ Exploits & Bugs
Kronos Research API keys compromised, potentially $20 million lost
Spookyswap frontend vulnerability on domain compromised
A scammer created a fake website, drained people's $MUBI. and market sold them for about $100 000
Problem with Bitcoin Wallet Randstorm
Update about Trader Joe’s frontend problem:
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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