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Fungi Alpha (πŸ„ ,πŸ„) Profile picture
@FungiAlpha
May 29 β€’ 54 tweets β€’ 24 min read Twitter logo Read on Twitter
The Fungi Alpha Weekly DeFi Update πŸ„

(May 29th 2023)

πŸ”΅ first Bedrock, then Base
πŸ”΅ ultrasound JOE, CAKE and OSMO
πŸ”΅ STEPN x Google Pay
πŸ”΅ & more!

Carefully curated DeFi (and some other) news in 5 minutes of reading ⬇️ Image
1/ This recap is broken down into spore-sized pieces of news with a brief explanation of what it is/what it means:

Skip to what you're interested in πŸ‘‡

1️⃣ DeFi News
2️⃣ Bugs / Exploits
3️⃣ (Other) News

Off we go πŸƒβ€β™‚οΈ
2/ 1️⃣ DEFI NEWS

@KyberNetwork's KyberSwap Elastic farms (btw, newly audited) are now live on Optimism

15 yields farms you can deploy capital into, and there's also boosted rewards!
3/ @forgeDEX, a dex launched by the @EvmosOrg community, kickstarted a 12-weeks long campaign with 3M EVMOS and 84k STRIDE tokens to be earned as liquidity incentives

If you're on Evmos and would like to make some extra gains, here's your chance
4/ @Dolomite_io Chads thought we wouldn't see this mention of Dolomite v1.5 :)
5/ @EthosReserve and @VelodromeFi recently became partners

We're pretty sure Ethos Reserve (@ByteMasons are behind it) will do extremely well over time

Although Ethos launched not so long ago, it already reached $10M in TVL
6/ You're bullish on ETH LSDs and want to see the hype transit to Arbitrum and Optimism and not just be on Ethereum?

@pStakeFinance team is working on their stkETH v2 which is focused on the aforementioned L2s
7/ If you're in DeFi, then you've probably seen everyone talk about @LybraFinanceLSD (and rightfully so)

The platforms's upcoming v2 is a snack, and that's because it comes with:

- omnichain props (coming to Arbitrum 1st)
- more LSDs as collateral
- tokenomics upgrades (burns)
8/ Speaking of LSDs, @swellnetworkio's swETH already reached a whopping $34M in TVL since launch, and the team recently kickstarted a pearl-hunting campaign, initiating their DAO
9/ @GearboxProtocol v2.1 has been unveiled, and it's focusing on protocol security

There's also an addition of cbETH
10/ Self-repaying loans are coming to Arbitrum as @AlchemixFi is expanding

On an equally important note, Alchemix partnered @RamsesExchange and have seen its alETH and alUSD list on the ve(3,3) exchange
11/ Here comes a bullish fact on RWA and tokenization

It's a blooming niche and we highly suggest not to fade it
12/ Do you like web3 and poker?

Well, if that's the case, Gala Games has announced its own web3 poker platform in collaboration with PokerGO

cointelegraph.com/news/gala-game…
13/ @NFTradeOfficial is innovating in the NFT space as the team has enabled users to purchase any NFT on any chain using any token

This improvement was made in collaboration with Rarimo
14/ Base L2 is set to launch after Optimism's Bedrock upgrade and we're quite bullish on it

P.S. apparently there will be *no token*
15/ One of the most used aggregators, @matchaxyz, unveiled its newest version

The new Matcha is faster, comes with reduced gas fees and increased liquidity sources by 47%!
16/ @MagicEden's Chapter II is bringing NFT aggregation to Solana, more composability and a -0.25% maker fee (earn fees by trading)
17/ You can now loan out your bluechip NFTs on Binance

theblock.co/post/232178/bi…
18/ Circle's EUROC stablecoin is now live on Avalanche and Ethereum

It's time to find some good euro-based yield farms
19/ @traderjoe_xyz is the first DEX to offer BTC.b, the 1:1 backed-with-BTC OFT (onmichain fungible token) powered by Layer Zero

Trader Joe is actually Innovator Joe

LFJ
20/ Fantom to reward eligible dApps with 15% of the gas fees they produce

Real yield, but on a chain-level?
21/ Before we see the v2 we've been waiting for for a long time, @y2kfinance unveiled Carousel, a new feature to bolster user experience for us Y2K Chads
22/ The first BRC-20 stablecoin, named #USD, has been unveiled by @Stably_Official

We're extremely bullish on Bitcoin DeFi (and Ordinals)
23/ And LayerZero for all!

LayerZero is now live on Canto
24/ This is actually huge for mass adoption as it will allow companies to seamlessly onboard their users to web3

Coinbase's Wallet-as-a-Service is now live on mainnet
25/ @Injective_ 's Avalon Mainnet upgrade has been kickstarted

It's set to bring more scalability, PoS delegation revamp, and shorter block times
26/ @Stepnofficial integrated Apple Pay

This means users can purchase STEPN's Sneaker NFTs using Apple Pay, completely negating the need for a crypto wallet
27/ Polygon zkEVM on the move again, now armed with fees reduced by ~20%
28/ Here comes @dopex_io with another feature - call options as incentives
29/ The first AMM aggregator to accept multiple tokens as input, is now live on Starknet, thanks to @FibrousFinance
30/ @QuickswapDEX joined the perps dex niche with their own perp dex
31/ @realio_network's roadmap is bullish

What we like the most about it are fee burning, revenue share, super staking and DeFi Mortgage Market
32/ There's 4 phases to @ArchimedesFi's v2 upgrade named Syracusia

veARCH, 80/20 pool, new pools, more leverage
33/ @Level__Finance is coming to Arbitrum, and there's now a proposal to bootstrap liquidity on Arbitrum with ~$700k
34/ If you like to trade future yield, here's a new project to check out: @delorean_gm

Delorean went live a few days ago and has started it's journey with a GLP vault
35/ Here's another bullish roadmap, now coming from Daniele Sesta and his @PopsicleFinance aka WAGMI
36/ We are so ready for @ThenaFi_ perps
37/ The jAURA pool is now live, offering 49-65% APY
38/ @DioneProtocol making Chad moves again!

Their upcoming Odyssey chain will also include a private chain
39/ @MaiaDAOEco coming with a fantastic opportunity for white hackers

$350k+ prize pool in their Audit Contest, which they're starting in collaboration with Code4arena
40/ @GlitchProtocol native smart contracts are live on the mainnet

We're buckling up for that Glitch DeFi
41/ It's simple, first we use our ARB and deposit half of it on @PlutusDAO_io so we receive plsARB, then we LP that plsARB with our remaining ARB and deposit on Camelot for extra yield
42/ We've seen what GND and GHST did, and we won't fade Ether Wars launch either

Another IDO on @GMDprotocol Launchpad we're bullish on
43/ Ultrasound $CAKE is coming!
44/ Good news if you hold OSMO as the token is about to become deflationary, and is also bringing real yield
45/ @CamelotDEX Chads burned $4M worth of GRAIL and somehow this news didn't get the right attention

So we're here to help spread the word :)
46/ 2️⃣ BUGS/EXPLOITS

Jimbos Protocol was exploited for ~4000 ETH
47/ 3️⃣ (OTHER) NEWS

We'll use this section for a special mention :)

Shout out to @rektdiomedes on hitting the 1-year anniversary of his
@thedailydegenhq!

On behalf of all the degens, THANK YOU for your work and for the everyday bettering of DeFi Twitter!
48/ If you haven't done so yet, we highly recommend you follow @rektdiomedes and @thedailydegenhq

You will be up-to-date with everything DeFi-related, and also improve your knowledge and find your edge (same as we did)
49/ In case you missed it, here's our previous weekly recap:
50/ Looking for new projects?

We're posting lists of early projects 3-4x every week

Check the latest one:
51/ That's not all :)

We recently started publishing threads with yield opportunities

Here's our first such thread:
And that's a wrap!
Researcher/curator: @monosarin

We are turning this into a newsletter (keeping thread form)
If you like our style, please sub to our FREE newsletter below ↓

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And also want to help bring mass adoption?

A like and retweet can definitely help towards that goal :)

Follow us for more 🀝

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Keep Current with Fungi Alpha (πŸ„ ,πŸ„)

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More from @FungiAlpha

Fungi Alpha (πŸ„ ,πŸ„) Profile picture
May 27
Are you looking for:

➑️ DeFi plays
➑️ web3 games
➑️ new tools

...but don't know where to find them?

Don't worry, we got you covered 🀝

Check these 19 projects which have just launched or are about to ⬇️ Image
Disclaimers/notes:

πŸ„ alpha is collected daily and posted 3-4x a week
πŸ„ all projects are hand picked
πŸ„ none are vetted/financial advice
πŸ„ no paid shills, no internal plays

We did the digging, you do the planting. ⬇️
1/ @LogX_trade - perp dex with cross-chain liquidity aggregation

Now, the part we're very bullish on is, the one where there's mentions of cross-chain liquidity aggregation

Also, the fact LogX is backed by some known names Image
Read 25 tweets
Fungi Alpha (πŸ„ ,πŸ„) Profile picture
May 27
Are you looking for those juicy yields?

Got stablecoins, LPs, or volatile assets you want to make (more) money on?

Sweet, then you're in the right place!

We found some gorgeous yield opportunities, just for you :)

Check below ⬇️ Image
First of all, we're proud to see we're now 20 000 enthusiastic Twitter mushrooms!

Huge thanks to each and everyone for supporting us since we have started our Twitter journey back in December last year!
Now, let's see them yields :)

Since this is our first thread on yield opportunities, we'll start with Arbitrum and what we found to be attractive in terms of yields

Of course, we will post threads on yield opportunities which can be found on other chains, too!
Read 29 tweets
Fungi Alpha (πŸ„ ,πŸ„) Profile picture
May 25
Are you looking for:

➑️ DeFi plays
➑️ web3 games
➑️ new tools

...but don't know where to find them?

Don't worry, we got you covered 🀝

Check these 19 projects which have just launched or are about to ⬇️ Image
Disclaimers/notes:

πŸ„ alpha is collected daily and posted 3-4x a week
πŸ„ all projects are hand picked
πŸ„ none are vetted/financial advice
πŸ„ no paid shills, no internal plays

We did the digging, you do the planting. ⬇️
1/ @0xSchwap - upcoming omnichain on-chain DeFi OTC desk

Raised $500k in its pre-seed round (and it took less than 45min) Image
Read 24 tweets
Fungi Alpha (πŸ„ ,πŸ„) Profile picture
May 23
Are you looking for:

➑️ DeFi plays
➑️ web3 games
➑️ new tools

...but don't know where to find them?

Don't worry, we got you covered 🀝

Check these 18 projects which have just launched or are about to ⬇️ Image
Disclaimers/notes:

πŸ„ alpha is collected daily and posted 3-4x a week
πŸ„ all projects are hand picked
πŸ„ none are vetted/financial advice
πŸ„ no paid shills, no internal plays

We did the digging, you do the planting. ⬇️
1/ @VoneProtocol - like Liquity and its LUSD, Vone offers interest-free borrowing of their stablecoin, VUSD, by using ETH, BTC and liquid staking derivatives as collateral Image
Read 23 tweets
Fungi Alpha (πŸ„ ,πŸ„) Profile picture
May 22
The Fungi Alpha Weekly DeFi Update πŸ„

(May 22nd 2023)

πŸ”΅ Pudgy Penguins toys #1 on Amazon
πŸ”΅ LSDs are on fire!
πŸ”΅ Tether buying BTC (and lots of it)
πŸ”΅ & more!

Carefully curated DeFi (and some other) news in 5 minutes of reading ⬇️ Image
1/ This recap is broken down into spore-sized pieces of news with a brief explanation of what it is/what it means:

Skip to what you're interested in πŸ‘‡

1️⃣ DeFi News
2️⃣ Bugs / Exploits
3️⃣ (Other) News

Off we go πŸƒβ€β™‚οΈ
2/ 1️⃣ DEFI NEWS

What do you get when you combine @Balancer, @GyroStable and concentrated liquidity mechanisms?

7x capital efficiency and no need for rebalancing
Read 45 tweets
Fungi Alpha (πŸ„ ,πŸ„) Profile picture
May 21
Are you looking for:

➑️ DeFi plays
➑️ web3 games
➑️ new tools

...but don't know where to find them?

Don't worry, we got you covered 🀝

Check these 20 projects which have just launched or are about to ⬇️ Image
Disclaimers/notes:

πŸ„ alpha is collected daily and posted 3-4x a week
πŸ„ all projects are hand picked
πŸ„ none are vetted/financial advice
πŸ„ no paid shills, no internal plays

We did the digging, you do the planting. ⬇️
1/ @logarithm_fi - liquidity management and market-making platform

- LP manager
- autocompounder
- delta-neutral strategies
- leveraged LP farming Image
Read 25 tweets

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