Alpha issue #98
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 received $PYTH from Pyth Network’s retroactive airdrop program & will utilize it to fuel the continued growth of 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.
The primary oracle partner for HMX, Pyth Network, recently conducted an airdrop of $PYTH tokens to its partner protocols, including HMX.
HMX has plans to leverage the received airdrop to catalyze its growth trajectory. The initial implementation of $PYTH tokens by HMX will focus on incentivizing the community throughout February, with 500,000 $PYTH or around $250,000 at the current market value.
The incentives will be distributed according to the allocation below:
400,000 $PYTH ($200K) as traders' incentives for traders at HMX
100,000 $PYTH ($50K) as staking rewards for $HMX & SesHMX stakers To get a share of these $PYTH rewards, you can either stake $HMX or start trading at $HMΧ.
To get a share of these $PYTH rewards, you can either stake $HMX or start trading at $HMX.For the latest news on HMX, be sure to follow their social channels at twitter.com/HMXorg or visit their website at HMX.org
2/➯ Updates & Upgrades in DeFi
Fluid Launch Proposal:
Wormhole just announced their tokenomics:
Bridging to Scroll is about to be a lot cheaper:
Arbitrum users who convert their RDNT-ETH LP into mdLP via Radpiexyz_io are eligible to share in ARB incentives from RDNTCapital for their conversions:
It’s time for the Fraxtal launch:
The NAVX IDO is now 40x committed:
Frax Finance Pool Bribes on CakePie offering a treasure of $250:
Contango reports about their milestone of $12m in open interest in 3 months:
3/➯ Alpha by Threadors & Good Reads
What is "ERC-404" and why should it be on your radar:
10 dApps on Blast with CONFIRMED airdrops:
New Opportunities in the Farcaster Stack:
List of L1s transitioning to L2:
4/➯ VITAL NEWS📰₿
Ethereum Name Service open to building own layer 2: ENS director:
US Treasury says criminals and scammers are increasingly turning toward crypto:
Solana outage:
Upbit, South Korea’s largest crypto exchange, will list the ID Korean won trading pair:
ARK Invest’s Cathie Wood Says ‘Substitution’ of Gold for Bitcoin (BTC) Now Underway:
5/➯⛓️On-Chain Data
Total DeFi TVL is back to its highest point since May 2022:
BTC Chart overview:
Tomorrow is the day the Green (187 BTC) switches places with the Orange (190 BTC) :
Bitcoin Miner OTC Selling Chart:
6/➯ Macro Metrics 📈
China has slipped deeper into deflation - China’s consumer prices fell 0.8% YoY last month:
Challenger Job Cuts vs Pre-COVID Monthly Average (000s):
NVDA is up $160 since RSI hit 74 on Jan 11:
7/➯ Bags and Exploits
Incident Analysis: Price Manipulation Exploit in Citadel.One:
How Slinky can prevent Oracle manipulation attacks:
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.
For more crypto-related content, feel free to follow me on Twitter ➯ DeFi_Made_Here.
I'll continue sharing valuable information about the latest insights and my thoughts in this fast-paced field.
If you enjoyed this newsletter as much as we did creating it, don't hesitate to share this post with your fellow crypto enthusiasts! Together, let's expand our understanding of this ever-evolving industry.
Great stuff. Thx