ToE's Weekly Highlights #10

Digging up the grinds for the week.

Feb 11, 2023

This week have been really exciting with much drama happening. Keep me super busy. Memecoins saw some pump while these other things were going on:

Macro events are becoming uncertain. GCR cautioned us. Jobless claims were higher than estimates. Market seem to be retracing right now
SEC bans on Cefi staking presents opportunities for the LSD protocols, on chain staking and RWA.
Trident DAO launched, $WILD revamped tokenomics caught Hayes’ eye, LSD, Hook’s NFT DN strat, $OATH flywheel
(3,3) marketing flashmob, Umami fell or not? Huobi lists $FUD, Uniswap forum drama

If you have not read the previous week’s highlight, here it is:

arndxt @arndxt_xo

ToE's Weekly Highlights #9 - Jobs numbers > estimates, positive sentiments - $MATIC lagging behind the pump - 20+ early protocols and yield farming strat - Crypto tools used by the gigabrains - Defi protocols plotting something in a (3,3) way

threadingontheedge.substack.comToE’s Weekly Highlights #9Digging up the grinds for the week.

Hope you enjoy the content, and feel free to connect with me on Twitter here.

Segmenting the megathread of content into 5 parts:

Macro news
Trending narratives
Defi happenings
Educational resources and tools
Spicy crypto drama

1. Macro News

Macro had alot of uncertainty for the week. Mixed reactions.

Jay Powell says, “Effects of tightening not yet felt.” Alex says, “No shit, Jay.

@GCRClassic reminds all to extract as much yield from favorable conditions

GCR @GCRClassic

[1] Enjoy these market conditions while they last, and try to make the most of it The 2019 echo bubble sustained for 48 days from the 6k reclaim to top Fractals are of limited value, as each cycle is unique, but the altcoin rotations are getting increasingly cynical and greedy

First CPI expectations came out and the MoM forecasts (YoY doesn't matter) on both headline and core are not pretty. Good dollar, not good risk assets @_FabianHD

Fabian D. @_FabianHD

First CPI expectations came out today and the MoM forecasts (YoY doesn't matter) on both headline and core are not pretty... We'll see how it adjusts until the 14th but if accurate will give more credence to repricing "higher for longer" read: good dollar, not good risk assets

@JJcycles shares Forecast CPI (YoY) at 6.5%. on the 14th Feb.

JJ𝕔𝕪𝕔𝕝𝕖𝕤 🔄 @JJcycles

Bears have one week to pull this market down lower because the next bullish catalyst is waiting. CPI data 7 days from here on the 14th. Forecast CPI (YoY) at 6.5%. #Bitcoin

@_FabianHD shares Earnings season from Factset. It's a quick statistical roundup of the reported earnings as of last Friday.

Fabian D. @_FabianHD

Was doing some reading and found a good review of the current Earnings season from Factset. It's a quick statistical roundup of the reported earnings as of last Friday. Sharing for anyone interested in some big picture context of the reports so far 👇 insight.factset.com/sp-500-earning…

insight.factset.comS&P 500 Earnings Season Update: February 3, 2023At the midpoint of the Q4 earnings season, the performance of S&P 500 companies continues to be subpar. While the percentage of S&P 500 companies reporting positive earnings surprises remained flat over the past week, the magnitude of these earnings surprises decreased during this time, mainly due t…

@MacroAlf shares his view on the macro end game

Alf @MacroAlf

What's the macro end game? A thread. 1/

@CryptoHayes believes that JP wont stop the bull market and he started to buy $BTC.

Arthur Hayes @CryptoHayes

JAYPOW is up to speak today. He ain't ready to stop the bull market. "Be Present" is my essay on why I have started to buy $BTC. Yaaaarrrr!!!! bit.ly/3Xbq8bJ

$300b of liquidity coming into the market over next month shared by @CC2Ventures

CC2 @CC2Ventures

Still not enough eyes on Net liquidity and how hard this TGA drainage prediction coincides w/ GCR's echo bubble thesis. For now, we dance while the music plays.

fejau @fejau_inc

So @Johncomiskey77 sees TGA at $175b in just over a month, and we're at $489b currently. I've done the math on the numbers he used from JPM myself and came to similar conclusions on room on debt issuance. $300b of liquidity coming into the market over next month. Send it. https://t.co/TpaCVnOsCX

@EmperorBTC shares hie Crypto Trading Notes for the week

Emperor👑 @EmperorBTC

Updated CRYPTO TRADING NOTES 🔥 Sharing Crypto Trading Notes for the week. 1. Macro Cycle explained. 2. Studying the Whale charts. 3. Altcoin news. 4. Bitcoin Price Update. Read. Get Updated with ALL Crypto trading news in 2 Minutes.

@StockMKTNewz shares U.S INITIAL JOBLESS CLAIMS ACTUAL: 196K VS 183K PREVIOUS; EST 190K

StockMKTNewz - Evan @StockMKTNewz

U.S INITIAL JOBLESS CLAIMS ACTUAL: 196K VS 183K PREVIOUS; EST 190K

@_FabianHD shares that yield curve continues to steepen. Dollar decisively rejected off the 104 level. Major stock indices up with cyclicals leading.

Fabian D. @_FabianHD

Gm, quick morning update then I'm off to work. Jobless claims came in slightly above expectations (that's a good thing) Yield curve continues to steepen. Dollar decisively rejected off the 104 level. Major stock indices up with cyclicals leading. Now on to crypto...

@lookonchain shares that a mysterious fund started pouring money into the crypto market ahead of this year's small #BullMarket.

Lookonchain @lookonchain

1/ A mysterious fund started pouring money into the crypto market ahead of this year's small #BullMarket. The fund started withdrawing $USDC from #Circle on Dec 7, 2022 and has over 10B $USDC as of today. Then exchanged for $USDT via 5 addresses, and deposited to exchanges.

@apes_prologue takeaways for @PanteraCapital's February blockchain letter: "The Seventh Bull Cycle"

An Ape's Prologue @apes_prologue

Here are our main takeaways from @PanteraCapital's February blockchain letter: "The Seventh Bull Cycle"

2. Trending Narratives

@TheDeFinvestor on Latest developments in DeFi

The DeFi Investor @TheDeFinvestor

Latest developments in DeFi👇

@lookonchain shares Arthur Hayes holdings

Lookonchain @lookonchain

Arthur Hayes published an article stating that the his next step is to raise cash to buy Bitcoin and go shitcoining. 1.🧵 Let’s take a thread at which coins Arthur Hayes currently holds.

@0xYugiAI on 4 crypto trends of this year

Yugi AI ⛩ @0xYugiAI

4 crypto trends of this year • Liquid staking • ZK/Optimistic Rollups • SocialFi • Сrypto AI We started the year with these trends. Let's see what happens next. #AI #DeFi #Ethereum

@dymensionXYZ raised $6.7M to bring to life a network of easily deployable modular blockchains!

Dymension @dymensionXYZ

Thrilled to announce a $6.7M raise to bring to life a network of easily deployable modular blockchains! Get ready for 35-C the first-ever testnet of IBC-enabled rollups (aka RollApps💈) launching on Feb 15th. Join the community and take part in the future of Modular blockchains!

@rektfencer the new narrative is RWA

Rekt Fencer @rektfencer

Crypto is about to change forever. Revolutionary Real-World Assets are here and they could be the next big thing in crypto 🧵👇

@gauntletnetwork shares thier view on the Shanghai update.

Gauntlet @gauntletnetwork

As the Shanghai Upgrade nears, we outline what it means for ETH staking and markets more broadly. In our view, the unlocking of staked ETH post-upgrade is an opportunity for staking derivatives and DeFi protocols using them, with fairly minor market risks

medium.comGauntlet’s View on the Shanghai UpgradeIn March or April (exact date TBD), the Shanghai upgrade will permit validators to initiate withdrawals of their staked ETH on the Beacon Chain. Since the launch of ETH staking and the Beacon Chain…

@cryptocrash420 shares taht $BTRFLY is the next major LSD coin that you can still be early to

Crash @cryptocrash420

$BTRFLY is the next major LSD coin that you can still be early to Let me tell you why whales 🐋have started accumulating $BTRFLY & why you should be too @redactedcartel Crypto Crash analysis:

@FungiAlpha’s Best of DeFi's alpha in 3 minutes

Fungi Alpha (🍄 ,🍄) @FungiAlpha

Best of DeFi's alpha in 3 minutes ⬇️ (Feb 6th 2023) • @dopex_io is now on @0xPolygon • $88M exploit! • @Cardano 's $DJED stablecoin depegged • Did Logan Paul rug? • & much more! The Fungi Alpha Weekly DeFi Update 🍄

@0xkodi on Q1 Narrative cheatsheet

Kodi (Journal Account) @0xkodi

Q1 Narrative cheatsheet

@dennis_qian on MDMA: Monday DeFi Market Alpha

0xdq.eth @dennis_qian

MDMA: Monday DeFi Market Alpha 02/06/23 GDoc: bit.ly/0xdq-mdma 31 💊 in 🧵:

bit.lyMDMA02/06/23 Curve vs Uniswap P3 - @DeFI_Cheetah LayerZero vulnerabilities - @_prestwich Uniswap nontoxic order flow analysis - @XenophonLabs Treaty, on-chain game - @0xcurio Blur Seaport workaround - @0xCygaar Lido ETH staking withdrawals - @WestieCapital Platypus USP stablecoin - @Platypusdefi What...

@thedailydegenhq’s Thread: This Week's New Protocols! (Feb 6th, 2023 Edition)

The Daily Degen @thedailydegenhq

Thread: This Week's New Protocols! (Feb 6th, 2023 Edition) 🧵 Greetings friends - here's all the new protocols we flagged over the last week! If you find this helpful please RT! 🐸🫡 1/x

3. Defi Happenings

@sparkcsays shares his list of games worth trying for WL.

sparkc | WolvesDAO @sparkcsays

My updated list of games worth trying for WL. It's not every upcoming mint, just the ones that I think have some promise.

@TridentDAO PSI has launched its public token sale.

Trident Ψ @TridentDAO

PSI has launched its public token sale. Here is a thread on: Why you should get $PSI , What $PSI will do, and how you can get $PSI earlier than the OasisSwap LP deployment.

@OvertimeMarkets is a Sports market AMM built on @thalesmarket - $THALES

Overtime Markets 🦓 @OvertimeMarkets

Overtime Vaults caps have been raised to $30k each🦓 Each vault trades automatically with the AMM based on a specific strategy. Discount Vault:+16.84% Degen Discount Vault:+3.18% Safu Discount Vault:+2.19% More info: docs.overtimemarkets.xyz/overtime-marke… Deposit: overtimemarkets.xyz/#/vaults

@nitrocartel launching on the 17th Feb

╼╾ Nitro Cartel ╼╾ $TROVE Launching on Feb 17th @nitrocartel

Hello and GM to prospective members of the Cartel via $TROVE! A thread on how Arbitrove, with our blue chip index ALP (ArbiLP) and other future indices, will provide users with the best Arbitrum exposure, amazing yields, and supercharge Arbitrum ecosystem. 🧵

@huntingforalpha shares how DigitsDAO turns 100K INTO 2.5M

Hunting for Alpha (🎙️, 🏹) @huntingforalpha

TURNING 100K INTO 2.5M Learn how @DigitsCapital from @DigitsDao managed it in a bear market We talked about upcoming narratives, bet sizing and the future of the DAO WARNING: this contains alpha open.spotify.com/episode/28gBfa…

@real_n3o shares the revamped $WILD token utility and economics.

0://wilder.n3o ネオ @real_n3o

Worth being aware that we have been working hard to super charge $WILD token utility and economics. There's more that we will share once it's ready.

0://wilder.n3o ネオ @real_n3o

@AJDrums3 Utility: 1. Marketplace transactions are in $WILD (live) 2. All future mints / item generation will be in $WILD (soon) 3. Land will either burn "or" indefinitely lock $WILD to activate resource economy (tbd) We also provide staking and governance voting in the WW DAO via $WILD.

@Crypt0_Andrew on $BNC as the most undervalued LSD project

Crypto Andrew ✍️🧠 @Crypt0_Andrew

I have been telling you again and again that $BNC is the most undervalued LSD project right now and after an exit of paper hands, we have witnessed new greed dildos 📈 Given that LSD narrative picks up again + more Shanghai news, this is just the beginning 🔥

Res @resdegen

$BNC is offering a higher APY for skated $ETH than Lido and Rocketpool - $BNC's vETH = 5.08% APY - Lido's stETH = 4.8% APR = 4.92% APY - Rocketpool's rETH = 4.86% APR = 4.98% APY Now add that vETH is trading at a 9% discount. https://t.co/d9SrRp9agY

@MIM_Spell on how to use your $WBTC, $WETH and $USDT to earn north of 100% APY

🧙🏼‍♂️ @MIM_Spell

1/🧙🏼‍♂️! A small 🧵 on how to use your $WBTC, $WETH and $USDT to earn north of 100% APY on @MIM_Spell using our latest tricrypto market boosted by @iearnfinance!👀🔥 Check it out👇🏻🧵

@ViktorDefi on @SturdyFinance airdrop alpha

Viktor DeFi 🛡🦇🔊 @ViktorDefi

1/ While most lending protocols lend out collaterals to borrowers, a new gem disrupts the status quo... ..By enabling yield farmers to access 10x more funds to farm with. 🧵 Here's how to get juicy farming profits with @SturdyFinance and Airdrop Alpha 🪂

@HookProtocol introduces delta neutrality concept for NFT collections

Hook Protocol @HookProtocol

NFT finance is still early - but traders can now use @nftperp and @HookProtocol to create advanced strategies. In this post, we discuss how traders can go delta neutral on NFT collections like @miladymaker.

blog.hook.xyzDelta Neutral with Hook and nftperpOver the last several months, NFT Finance primitives have expanded the horizon of NFT trading beyond buying and selling NFTs. Traders can now use leverage to long or short NFT collections on nftperp and can trade NFT-backed call options on Hook. One strategy that is common in both traditional finan…

@cryptodetweiler bullish on @ThenaFi_

theodore detweiler 🛸 @cryptodetweiler

So, with recent events highlighting more than ever DeFi > CeFi, thought I would introduce you to a protocol that is launching soon that I am bullish on @ThenaFi_ A thread: 🧵👇

@0xGeeGee catches interesting projects

0xGeeGee @0xGeeGee

Too many exciting things happening rn, but overall a lot of new money legos popping up here and there. I'll try to keep this thread up-to-date with the new ones that will come in the next months. If I'm forgetting something, please let me know. 1.

@ripe_dao have been doxxed.

Ripe Finance @ripe_dao

Looks like we've been doxxed. 🤝 Time for Juicer Nation to rise up. 2023 is gonna be big. 🍋 medium.com/hightop/highto…

medium.comHightop Sunset, Ripe SunriseA new chapter of the story begins…

@ZacharyDash @FlidoFi launches on 15 Feb and allows you to earn an instant *upfront* yield on your $stETH

Zachary Dash ⏳ @ZacharyDash

On February 15th, @FlidoFi is launching It allows you to earn an instant *upfront* yield on your $stETH Limited time 15% APY for first users during launch How it works ↓

@0xsurferboy revisists Telegram's L1 @ton_blockchain

Surf @0xsurferboy

1/25 Re-visiting Telegram's L1 @ton_blockchain "Hidden Gem or Outright Scam" is a common description for L1 chains. But in the case of TON, it's perhaps the most undervalued and overlooked L1 gem in my opinion. 🧵

@2lambro on GearboxProtocol hidden gem of defi lending

2lambroz.eth 🐑 Crypto Nerd 🤓2lambroz.lens🌿 @2lambro

#32 @GearboxProtocol hidden gem of defi lending high leverage+Decentralised Undercollateralized lending 📍In the 🧵 1)Gearbox TLDR 2)What is gearbox 3)How does it work 4)$gear token 5)Opportunity & Challenges 6)How🐑play the $gear token trade, what catalyst i follow 7)Summary

@APP0D14L thread and comments about Arbitrum Blue Chips

Appodial 🫐 @APP0D14L

What are your Arbitrum Blue Chips ?

@zhusu on his Open Exchange

Zhu Su 🔺 @zhusu

1/ june/july was total darkness for me, kyle & our creditors after our bet on accelerating crypto adoption proved fatally wrong we were crushed by the collapse of the market & the way our misplaced conviction had contributed to the pain

OPNX Official @OPNX_Official

1/ Introducing Open Exchange. Open Exchange will start as the world's first public marketplace for crypto claims trading and derivatives. Then become the world's most radically transparent CEX. The claims waitlist is now open @ https://t.co/Q2HsUqSZ7E 🧵👇

@carbondefixyz #ETH strategy generated +24.15% in profits over the last few months.

Carbon @carbondefixyz

We used real historical price data to backtest Carbon's automated trading strategies. One #ETH strategy generated +24.15% in profits over the last few months. 🗿 Learn more: medium.com/carbondefi/bac…

medium.comBacktesting Carbon’s Automated Trading StrategiesLeading up to the launch of Carbon, more time is being spent on testing the performance of Carbon’s automated trading strategies in various…

@OasisSwapDEX is @TridentDAO native swap

OasisSwapDEX Ψ @OasisSwapDEX

@TridentDAO testing

@0xChiRho shares @UniDexFinance aggregating the following perp dexes on launch.

ChiRho @0xChiRho

The @UniDexFinance V3 perp aggregator will be aggregating the following perp dexes on launch. You ready? $unidx

@Only1temmy on Utopia -a project that will minimize the complexities of DeFi by making the process of yield farming as simple as possible.

𝕋𝕖𝕞𝕞𝕪🦇🔊 @Only1temmy

Would you like to upgrade your DeFi experience? Introducing Utopia -a project that will minimize the complexities of DeFi by making the process of yield farming as simple as possible. Here is everything you need to know about it👇 🧵🧵

@0xsurferboy on CaviarAMM (@caviarAMM)

Surf @0xsurferboy

1/18 Re-visiting CaviarAMM (@caviarAMM) How NFT AMM infrastructure will become the very primitive leading up to the next bull run. 🧵

4. Educational resources and tools

@defi_mochi shares his whale wallets finds

Defi_Mochi 🍡,🧠 (AI training arc) @defi_mochi

There's hardly any data on narratives aside from MC and price, with NftFi taking off recently 📈 💰 , what can we find on-chain about these narrative tokens? I find the whale wallets 🐋 and their actions to help you make informed apeing decisions 🐵 ! Let's dive in! 👇 0/8

@FuelMap_xyz on his list of Upcoming Projects Ecosystem On @fuellabs_

Fuel Map @FuelMap_xyz

List of Upcoming Projects Ecosystem On @fuellabs_ 👀⚡🤘🏻 Our Ecosystem website : fuelmap.xyz

@CryptoShiro_ shares some his own newsletter + Other Newsletters you should subscribe to.

Shiro @CryptoShiro_

1,000+ subscribers on my Newsletter, thank you! 🎉 It took a little over 2 months to reach this number, but it has been exponential! A thread 🧵 on what you can find in my Newsletter + Other Newsletters you should subscribe to. 👇

@Slappjakke on what @lyrafinance $LYRA Newport upgrade brings

slappjakke.eth 🦇🔊 @Slappjakke

I can see the top Options dex hitting $1bn-$5bn valuations in the next few years in peak bull. This means some of them have 100x potential 👀 But which one will it be? Let's take a look at what the @lyrafinance $LYRA Newport upgrade brings 🧵👇

@BillyBobBaghold on $OATH - The Next Big Flywheel

Billy Bob Bagholder @BillyBobBaghold

1/ $OATH - The Next Big Flywheel - 🧵 You wouldn’t know about it due to the lack of chatter on CT, but for the last two years the @ByteMasons have been quietly building the various components of a novel defi flywheel.

@WinterSoldierxz shares his 22pg research deck for @gammaswaplabs

Winter Soldier 👾💎🐸 @WinterSoldierxz

1/ As promised, here’s my brand new 22pg research deck for @GammaSwapLabs I’ve distilled hours of research into an institutional grade report that you can download FOR FREE. Volatility trading will undoubtedly be the next DeFi primitive. Read this deck to get ahead!

@InverseFinance dropped their whitepaper FiRM. The Fixed Rate Money Market Protocol.

Inverse+ @InverseFinance

Today, we’re excited to unveil a new whitepaper: FiRM. The Fixed Rate Money Market Protocol. FiRM will unlock new possibilities in DeFi, from fixed-rate loans for any duration to interest rate hedging and speculation and more. Whitepaper: inverse.finance/firm.pdf Thread 🧵

@0xdrun made a toold: @Uniswap V3 interactive desmos for visualizing the relationship between real and virtual reserves.

Drun 🐺 @0xdrun

I've made a @Uniswap V3 interactive desmos for visualizing the relationship between real and virtual reserves. Hope it can be useful: desmos.com/calculator/zyt…

@TheDeFISaint shares @bubblemaps use case how to spot NFT wash trading

DeFI Saint 🦇🔊 @TheDeFISaint

NFTs season are yet to come again like DeFI alt season But more users are exposed to rugs due to less in-depth knowledge Having an Edge in using On-chain analytics tools is an advantage Here’s how to spot wash trading using @bubblemaps :

@Louround_ secrets to to improve by 300% your research efficiency with Tweetdeck

Louround 🥂 @Louround_

If you’re searching alphas on Twitter you must read this thread. A guide on how to improve by 300% your research efficiency with Tweetdeck 🧵

@OvrCldJonny on bridging 101

Overcollateralized Jonny @OvrCldJonny

Bridging. Depending on who you ask, it's the greatest or the worst thing to have come to crypto. Today, I'll be discussing how bridging works, the benefits, and drawbacks it brings. Bridging 101, a thread. 🧵

5. Spicy Crypto Drama

Super juicy week this time.

The week started with rumours about Arbitrum airdrop as several protocols appears to collude with partnership handshakes throughout at a defined timing. In fact it appears to be just a marketing feat. @veH0rny

🦉vxH0rny🦉 @veH0rny

Please tell me this is not The Monday teased announcement 😭💀

Drama happened in Uniswap forums extreme political plays @abdullahbumar

Abdullah Umar ~ ubermar @abdullahbumar

Crypto governance is a lot more political than you think Right under our noses, a dramatic battle played out between @wormholecrypto and @LayerZero_Labs last week Where did this take place? On the Uniswap forums Let’s break down the politics behind the recent proposal👇

@cameron shares that @Gemini reached an agreement in principle with Genesis Global Capital, LLC (Genesis), @DCGco, and other creditors on a plan that provides a path for Earn users to recover their assets.