Alpha issue #99
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.
The first weekly distribution of $PYTH & $esHMX rewards to traders are to be distributed this Thursday (worth over $140K)
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 start trading on HMX to qualify for the rewards link
Since its Open Beta launch in late June, HMX has achieved the following statistics:
🔸 ~$12.8 Bn in total trading volume just 4 weeks after hitting the $10Bn milestone
🔸 ~$27.5 Mn in TVL
🔸 ~5,000 unique users
🔸 100,000+ trades supported
🔸 3 audit reports from Foobar, WatchPug, and Cantina
🔸>$3M of revenue distributed to the users
2/➯ Updates & Upgrades in DeFi
Launchpad: Merlin Chain
Genesis Mainnet today:
35% APY awaits in the DeFi Galaxy of Radpie:
Convert migrated veCake into mCake:
Monoswapio is an AMM DEX with its own stablecoin, currently live on testnet Blast:
AARK TGE is on the horizon:
StarkWare unveils the launch of Cairo Verifier for Layer 3 appchains:
NodeOps integrated 3 new chains to run node:
3/➯ Alpha by Threadors & Good Reads
Grayscale Report - 2024 Halving - This Time It’s Different:
Messari - State of Ethereum Q4 2023:
Binance Research - Navigating the Inscriptions Landscape:
Web3 Security - In-Depth:
Summary of debating non-EVM Chains:
4/➯ VITAL NEWS📰₿
New Zealand Central Banker Slams Stablecoins as ‘Oxymorons’:
Polygon Labs wants to help convert EVM blockchains into validiums via 'type 1 prover':
L1 Mainnet Dencun upgrade date - 13 March 2024:
5 /➯⛓️On-Chain Data:
Farcaster revenue hits $600,000 during protocol’s second wave of attention:
Rise of Restaking Among Ethereum Validators:
Changes in TVL Landscape and what it means for the future:
Long-term BTC demand flows this year are approximated to be $40-130B:
Bitcoin buyers from the 2021 bull cycle are nearing the break-even point:
Nine spot Bitcoin ETFs have purchased 216,309 Bitcoins (worth $10.3 billion) in the 21 days since their launch:
EigenLayer hits nearly $6 billion TVL as its uncapped deposits window draws to a close:
6/➯ Macro Metrics 📈
The AI mania has led to a divergence between stock prices and underlying fundamentals, creating an opportunity to sell:
Nvidia's market cap is now over $200 billion higher than all of the companies in the S&P 500 Energy sector:
There are clear signs of a significant deflation in food prices worldwide at the moment:
The risk of recession in Germany has increased:
7/➯ Exploits & Bugs
Playdapp_io was exploited:
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.
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as always it's a pleasure reading your newsletter
Thanks for the alpha!!