4 Yield/Points Strategies For June👇 #1 @blackwing_fi

Posted about this earlier this week but think it's pretty underfarmed.

Best strategy is definitely depositing your PT assets from @pendle_fi to really rehypothecate that yield.

Calculator & invite code below. Return does not display PT yields.

0/ My thoughts on the Ethena airdrop and whether you should farm Season 2 🧵

like/RT 1/ Some S1 stats
- campaign went on for 6 weeks
- 360b total shards (points)
- $550m airdropped in total at the current $ENA valuation

How much did people make?

Delta neutral ATOM, INJ and TIA airdrop farming

I built a calculator to show it's possible to farm Cosmos eco airdrops without any price exposure (delta neutral).

+ getting paid $$$ in funding and staking APY

35% and 68% APY for $TIA and $INJ respectively.

A smol thread 1/ 2/ Current staking yields:

$ATOM - 14.05% APY
$TIA - 16.30% APY
$INJ - 15.88% APY

Simply by staking these assets you're becoming eligible for future potential airdrops.

TIA is most likely the best R/R if you ask me.

But now we are spot long and need to hedge this exposure:

I spent the past days reading '2024 Outlook' reports from entities like Coinbase, Binance, a16z and more..

Many of these have similar theses on trends like dePIN, AI, Modularity etc.

A comprehensive summary of the biggest ideas you should pay attention to in 2024👇 1️⃣ AI and Blockchain Synergies🤝

> By using blockchain infrastructure, AI innovation can be democratized instead of concentrated, making the products better & safer for consumers.

> AI agents: can process transactions and store/exchange value on behalf of users.

1/8 @RDNTCapital generates $60k-$100k in fees/day on average.

The TVL sits at an all time high of $277m and the protocol will be launching on Ethereum mainnet soon.

Binance Labs further announced a $10m investment in Radiant to support its future growth and expansion. I first started covering Radiant 5 months ago and since then, the protocol has grown significantly and upgraded to V2.

V2 introduced the dynamic liquidity pool (dLP) where users lock up their $RDNT in a Balancer pool with 20% $ETH to earn $RDNT emissions on the protocol.

Your Ultimate Guide To Q3 Narratives 🔮

I've identified the 9️⃣ largest catalysts and narratives in the coming months.

An overview of Q3 innovations you should keep a close eye on + an analysis of Q2 winners👇 Q2 Analysis - On-chain Perps📊

A comparison of Q1 volume vs Q2 volume👇

• Total trading volume down 8% due to a generally bearish quarter

• @Level__Finance, @Kwenta_io, @muxprotocol and @vertex_protocol are the top gainers in this period📈

USDT is currently heavily over represented in the 3pool on Curve which is now over 60%🚨

Is this baseless panic or do large entities know something we don't?

I don't want to take that bet so I've shorted USDT on-chain as a hedge. Here's how👇 1/5 Curve is the main place for swapping stablecoins as the protocol has the deepest liquidity.

When the Curve 3pool becomes imbalances it becomes more difficult to swap without experiencing large slippage.

This is what's happening right now because people are selling USDT.

Want to learn how to determine whether a token is over or undervalued?🔎

Here's a thread on frameworks I utilize for calculating token-valuations🧵 It's important to first determine some terminology.

Protocols generate fees from their products but they also have certain on-chain costs such as paying liquidity providers, token emissions etc.

The Complete Guide to On-Chain Wallet Tracking🐳

My custom wallet tracker is finally live and grants you access to everything you need to become an on-chain detective for free⚡️

A 🧵 covering on-chain analysis and how to master this art🐉 The thread will cover

• General tips

• Tools
⚫️Arkham
🟠Debank
🔵Nansen

• My wallet tracker

Yield trading can be incredibly profitable if done correctly📊

@pendle_fi offers this on a variety of assets like GLP, gDAI, ETH LSDs & more.

The ultimate beginners/intermediates guide to yield trading and outperforming classic DeFi strategies📈 Content covered:

• Pendle
• Tokenized yield
• Shorting yield
• Longing yield
• Active yield trading

Let's dive in👇

The stablecoin trilemma:

• Stability
• Scalability
• Decentralization

With $FRAX V3, @fraxfinance is closing in on fulfilling this trinity.

A short 🧵 on recent performance and upcoming developments📊 frxETH has attracted a lot of liquidity to @fraxfinance this year and is generating a significant amount of revenue from fees.

Stats📊
• Fees YTD: $2.87m
• Revenue YTD: $287k
• TVL: $341m (~180k ETH)

EIP-4844 (Proto-Danksharding) is coming to Ethereum⚙️

Rollup-fees are predicted to decrease by ~ 20x!

Here's everything you need to know, explained simply👇 The thread will break down:

• Terminology (rollups & blobs)
• Full Danksharding
• Proto-Danksharding (EIP-4844)
• How to benefit from this narrative

Who are the top VC funds in the space?🐳

Together they are worth over $5,000,000,000💰

A list of the largest crypto investment entities and their biggest positions📊 1️⃣ Jump Crypto

💰On-chain valuation: $3.675b

• $3.9b ETH
• $55.75m SHIB
• $21.5m LDO
• $18.5m MATIC
• $15m AVAX
• $11.7m PENDLE

Additional holdings ($1m-$5m): JOE, AAVE, LINK, UNI.

Jump is a market maker and profits from providing liquidity on various exchanges.

An Analysis of the On-Chain Perpetual Landscape📊

The decentralized perp-exchange sector is primed for 10-20x growth in the coming years.

A comprehensive 🧵 comparing $DYDX, $GMX, $KWENTA, $GNS & more👇 This thread is a recap of the Substack report just released.

If you want to become more educated on this topic you can check it out here:

👉 tinyurl.com/ThorHSubstack

There's a ton of innovation coming to DeFi in Q2⚡️

Winning teams will likely attract $1,000,000's in liquidity📈

Presenting 25 protocols with large catalysts you can't ignore this quarter👇 1️⃣ @redactedcartel

Redacted is launching $DINERO, a native stablecoin:

• Collateralized by ETH & pxETH (PirexETH)

• Deep liquidity because of large $CVX holdings

• Custom relayer and gas fees paid in $DINERO

• ++ Revenue to rBTRFLY holders

https://twitter.com/0xMughal/status/1644032602356215808

ETH liquid staking has grown to a $15bn+ market. All of which will be unlocked with Shanghai in less than a week🔓

Be prepared for huge shifts in the market🔎

An In depth analysis on the liquid staking landscape and 6 strong protocols🧵 Since the start of the year, the total amount of ETH staked via liquid staking has increased 21% from 6.8m → 8.23m ETH.

Post Shanghai, the risk of not being able to unstake/redeem the LSD's at true value will be gone.

I've spent the past weeks analyzing the top whale holders of native Arbitrum tokens on-chain 🔬

Here are 5 Arbitrum tokens that VC's & whales are investing millions in 🐳 1️⃣ ARB

Large holders:

💰 Wintermute: $47m ARB

💰 Amber Group: $4m ARB

• Both funds have been acting as market makers providing $50m+ in liquidity across various CEX's.

💰 Whale 0xb15: $13.5m ARB

• One of the single largest holders. Also has a large $SWISE investment.

Native Arbitrum tokens have cooled off since the $ARB airdrop.

But TVL, fees and onchain user activity are at all time highs📊

An in-depth analysis on 5 top tier ecosystem tokens you should pay close attention to🧵 First, let's not forget that many protocols are being granted large $ARB allocations.

This will most likely boost user activity and liquidity just like we saw on Optimism with the $OP grants.

Incentives are incredibly powerful.

https://twitter.com/ArbitrumNewsDAO/status/1638212692078137344

In a few days early Arbitrum users will be getting $10000-$20000+ from the $ARB airdrop🪂

Now is your chance to prepare for upcoming ones.

5 of the BIGGEST chains/protocols with upcoming token launches you should pay very close attention to👇 1️⃣ zkSync

Matter Labs is building zkSync Era: A zkEVM (L2 on top of Ethereum) as well as so-called hyperchains (L3's) for app specific purposes.

zkSync has raised $458m and announced that 2/3 of native tokens are dedicated to the community⚡️

1/4 @PerpyFinance is a decentralized social trading platform that:

• Lets creators design custom trading vaults on either ETH or BTC w/ a custom perfomance fee

• Lets users deposit into the vaults of acknowledged traders to potentially benefit from their PnL 2/4 Perpy is built on top of GMX on Arbitrum. Vault creators are essentially trading on GMX but from the Perpy website instead of on GMX directly.

Perpy has also announced a cross chain expansion to the BNB chain by partnering with @Level__Finance:

https://twitter.com/PerpyFinance/status/1633482795874910208

Radiant Capital has seen massive growth in adoption recently and is very close to launching Radiant V2 👀

V2 will introduce a variety of new assets, cross chain expansion and much more 📊

A thesis on @RDNTCapital 🧵 The thread will cover:

• Radiant & omnichain liquidity

• Earnings and protocol growth

• Radiant V2

• Conclusion