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Treehouse Profile picture
@TreehouseFi
Mar 10, 2022 • 7 tweets • 6 min read • Read on X
Scrolly
#DeFi Daily 10/03/22

$BTC saw a breakout yesterday during Asian trading hours. Price cleanly broke above the $39.5k resistance line, while the hourly RSI moved into overbought levels, revealing a renewed short term #bullish momentum.

Read more: 🧵👇 BTCUSD Graph
$ETH had a similar move yesterday as it broke out of its inverted head and shoulders pattern. Looking at the daily time frame, ETH is forming a wedge pattern where the level to break above would be around the $2.85k level.

/1 ETHUSD Graph
#DeFiTVL rose about 10bn overnight to 204.5bn currently. This was again led by @terra_money and @wavesprotocol, with TVLs sitting at 26.4bn and 2.4bn respectively. #Terra’s #TVL has grown by 12.2% over the past 7 days while #Waves has grown by 48.5%.

/2
#OnChainData #Ethereum gas fees have reached a 6-month low, hinting that on-chain activity is now more muted as users stay sidelined.

Also, $BTC SOPR (Spent Output Profit Ratio) is currently hovering just above 1, suggesting users are selling their BTC at breakeven.

/3 ETH gas fees
#DeFiDerivatives $BTC’s 3-month annualized #futures basis continues to fall while the #spot price rises. Since July 2021, the futures’ basis and price have been tightly coordinated, thus the current movement represents a marked divergence and is worth continued monitoring.

/4 BTC Futures Annualized Rolling Basis 3M Hourly
Meanwhile, #Bitcoin’s perpetual funding rate has increased suggesting that speculators are even more #bullish in the near term.

/5 BTC Futures Perpetual Funding Rate
Want to read more?

1. Subscribe to our new daily newsletter here: bit.ly/CanopyCollecti…
2. RT and follow us on @TreehouseFi for our #DeFi daily
3. Join our community on Telegram t.me/treehousefi and Discord bit.ly/TreehouseDC! 🌳

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More from @TreehouseFi

Treehouse Profile picture
Jun 24, 2022
#DeFi Weekly

TGIF! 🌳 What went down this week? Here's 5 headlines you can't miss!

1. Solend..decentralized?
2. Bancor Halts IL protection
3. dYdX Builds Chain on Cosmos
4. Solana Announces Web3 Smartphone
5. $100M Horizon Bridge Exploit

#WebTr3e #Crypto #Web3

a short 🧵👇
1. @solendprotocol approves whale wallet takeover:
cointelegraph.com/news/what-dece…

Doubts were raised over #Solend's decentralization. Read our thread on this matter! 👇
2. @Bancor Halts IL Protection:
cointelegraph.com/news/bancor-pa…

@Bancor, famously known for its IL (Impermanent Loss) protection feature, is under scrutiny as it halts this LP service due to "volatile markets".
Read 7 tweets
Treehouse Profile picture
Jun 24, 2022
#CryptoBytes

What happened to @solendprotocol?

It is a decentralized lending platform on #Solana that has been facing community backlash after its recent actions that seem to go against the ethos of decentralization. A summary 🧵👇

#WebTr3e 🌳 #DeFi #Crypto #Solend
Just 2-3 weeks ago, $BTC’s poor price action led to a massive sell-off in major altcoins such as $ETH and $SOL, which reached lows of $881.56 and $25.86, respectively. This also led to on-chain liquidations at the $1K-$1.1K level, according to @parsec_finance.

/1 Image
One prominent potential liquidation that stood out was a $108M $USDC debt on the #Solend platform where a user deposited 5.7M $SOL, worth $170M at the time, as collateral. The liquidation price of $22.27 was very close to the $SOL price then.

/2 Image
Read 19 tweets
Treehouse Profile picture
Jun 21, 2022
Not many know this: DeFi Option Vaults (DOVs) have gained tremendous popularity over the past few quarters. The potential for DOVs to revolutionize DeFi in the coming years is HUGE.

Learn more 🧵👇

#WebTr3e 🌳 #DeFi #DOVs #Options Image
What are DOVs? 👀

DOVs are automated vaults that use options as their underlying product to generate returns. At its peak, DOVs accounted for >$500M of the total #TVL in #DeFi options.

/1
2 reasons why DOVs are a force to be reckoned with:
1️⃣ DOVs democratize complex options strategies to the masses
2️⃣ DOVs bring high organic yield to DeFi

We believe that DOVs will shape the #DeFi space moving forward. 🚀

/2
Read 22 tweets
Treehouse Profile picture
Jun 8, 2022
A bipartisan #crypto bill was introduced yesterday, 7 June 👀📝

Also known as the Responsible Financial Innovation Act, @SenLummis and @SenGillibrand proposed a regulatory framework for digital assets in the bill. Here are the key takeaways in case you missed it:

🧵👇
1️⃣ Definitions

The bill recognizes #crypto as digital assets and makes a clear distinction between tokens that are considered securities vs. commodities. The class a token falls into will be evaluated by its purpose and the rights conveyed to its holders.

/1
Based on the legislation, most #cryptocurrencies like #Bitcoin and #Ether are defined as "ancillary assets" which fall under commodities.

/2
Read 13 tweets
Treehouse Profile picture
Jun 7, 2022
Many assume that successful investing comes from picking winners during bull markets. However, it is during bear markets that life-changing wealth is created.

Here’s our playbook on how to navigate this Crypto Winter!
🧵👇

#WebTr3e 🌳 #DeFi #BearMarket Image
As we navigate #CryptoWinter together, here are some principles that can help you endure this bear market.

1️⃣ Downside Management & Capital Preservation
2️⃣ Asset Selection & Accumulation
3️⃣ Liquidity Optimization & Capital Efficiency

/1
1️⃣ Downside Management & Capital Preservation

Hedging, sizing, and dollar-cost averaging (DCA) can help you mentally prepare for stressful market movements and generate positive expected returns in the long-term.

/2
Read 13 tweets
Treehouse Profile picture
Mar 11, 2022
#DeFi Daily 11/03/22

#Bitcoin pulled back on Thursday, falling by 8.54%. It found support below the key $39.5k level. Price retested the downward channel which it broke out of on Wednesday during US trading hours.

Read more: 🧵👇 BTCUSD Graph
#Ethereum’s $ETH has hit through the trailing stop loss at $2577 yesterday afternoon. We suggest observing retest of the $2350-2550 base area + trendline since Feb 2021 on a daily chart which also serves the lower bound of the wedge.

/1
#DeFiTVL sits at 200.6b today as it has remained relatively flat throughout the week. Overnight, there were more rotations out of the #Fantom ecosystem, driven by outflows from #Solidex and #Solidly.

/2
Read 7 tweets

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