Alpha issue #80
DMH's spotlight, new concepts and narratives, guides & more!
DMH Newsletter is a vital news hub with crucial updates & narratives and trends
Spotlight Project: KTX Finance
KTX Finance Description:
KTX.Finance, an on-chain decentralized derivatives & social trading protocol that offers leverage of up to 100x to the traders.
KTX.finance is built on top of Mantle Network & Binance Chain.
Being the leading perp DEX on Mantle is primed to grow alongside the explosive growth of the Mantle DeFi ecosystem
By using a single multi-asset pool KTX provides high efficiency, low swap fees and also allows mitigation of counterparty risks & up to 100x leverage when traders trade against the KLP pool.
Their purpose is to provide seamless and efficient CEX-type trading while adhering to the principles of decentralization.
🙍♂️ Followers: 40.7k
KTX Breathtaking Stats:
$820m : Trading Volume
$9m : TVL
10k : Unique Traders
126.60% Boosted APY, the KTX pool on Solv Protocol : The highest yield on $USDT
110% APR for KTC stake on Mantle Network
Latest Update: $25M Mantle Airdrop Opportunity with Mantle Moonshot Program
Mantle Moonshot is a cooperative event in the ecosystem, bringing together Mantle Journey participants and web3 enthusiasts passionate about discovering and exploring innovative dApps on Mantle.
Along with seven other protocols participating in Moonshot, KTX.Finance will participate in four week-long missions with these amazing protocols for exciting prizes.
In the first week of Mantle Moonshot, Mantle will introduce KTX.Finance and reveal the set tasks for the week, hosted on Galxe. These tasks include:
Achieve a minimum leverage trading volume of $10,000
Stake 100 $KTC for a minimum of four (4) days*
Deposit $100 into $KLP and hold $KLP for at least four (4) days*
Refer two (2) friends to KTX.Finance who leverage trade a minimum of $1,000 in trading volume
Other simple social tasks
2/➯ Updates & Upgrades in DeFi
Polygon - Sending DraftKings Millions for “milestone adoption”:
Kyber Network - recovery plan from exploit :
Aleo - Testnet has restored service after a network outage:
Lava Phase 2:
CelestiaOrg introduces Ethereum fallback for OP Stack:
Eigenlayer new AVS category alert:
The proposal to Backfund Successful STIP Proposals has been approved:
The Rage v2 Public Beta is live:
Good Entry TGE Today:
Yearnfi v3 Live on Polygon:
Hooked V2:
JupiterExchange reveals airdrop checker:
Starknet has confirmed that the snapshot for the token aidrop was made earlier:
IPOR APRs remain juicy:
~6% Real yield on stablecoins
3/➯ Alpha by Threadors & Good Reads
Thor Hartvigsen revealed his current watchlist:
34 Gaming projects built on Avax:
Monolithic vs Modular :
ETH vs SOL The Real Issues :
BAMM Is Probably The Biggest Innovation In DeFi Since crvUSD:
4/➯ VITAL NEWS📰₿
Coinbase market share surprisingly slips after Binance settlement — even as stock surges 20%:
A large majority of Web3 games are being phased out, which is causing serious problems for the GameFi sector :
Mantle introduces a liquid staking offering in the Ethereum mainnet, allowing non-custodial access to Ethereum:
Fraxchain Testnet is "basically live now.":
A Paris criminal court has dropped charges against Platypus hackers. The charges have been withdrawn:
Coinbase has no plans to issue $Base token: CEO Brian Armstrong
Favored traders get early word on $4 billion settlement:
5 /➯⛓️On-Chain Data:
Blast_L2 has reached $720M+ TVL:
On December 3, the transaction volume of Ethereum NFT market reached $34.786 million, the highest since June 29 this year:
From EVMs to Solana:
Time taken to reach 1 million users for different chains:
Crypto fundraising in November was at the highest level since early 2022:
Daily trading volume (~$280M) on solana have surpassed all the L2s and sidechain on ethereum, including arbitrum:
THORChain now has the 3rd highest DEX Volumes (after Uniswap and Curve:
Bitcoin price surpasses $40,000 for the 1st time since May 2022:
Today, ~15% of Ethereum Txs are landed thru Private Mempools:
6/➯ Macro Metrics 📈
Predictions on Bitcoin that have fully worked themselves out:
November saw the largest easing in US financial conditions of any single month in the past forty years!
Retail is the most bullish that they've been since April of 2021
This week's payrolls data may get a boost from the end of the UAW strikes
Economy to slow in 2024, economists see 50% recession odds (Fox Business)
Wall Street officials are frontrunning a BTC ETF and how this could affect the price of BTC in January 2024
7/➯ Exploits & Bugs
Safe Wallet scammer stole $2 million in a week by 'poisoning addresses'
Deep dive into Curve's price oracles & potential manipulation
Gorgeous thread about web3 bug-bounty & contests market overview
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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