ToE's Weekly Highlights #14

Digging up the grinds for the week.

Mar 11, 2023

We started out the week slow and sentiments I get were slightly negative. But still manageable markets I would say. Although analysts and macro data already showed signs of weakness, there is not big event that would trigger a contagion.

Things escalated after Silvergate wind down and then Silicon Valley Bank. This resulted in loss in investor confidences as the VC economy was badly affected. It accelerated and just 24 hours ago USDC was affected which we now see some depegging.

Macro sentiments were only slightly negative and the fallout accelerated investor’s fear
BTC L2 and LSDfi were new narratives and over 60 projects shared here
Over 10 upcoming projects that you keep a lookout for
Readings like Defi fixed rates, Curve stablecoin, Airdrop hunt, Strategy simulator tool
Silvergate and SVB collapse, ETH goes to $350, 40 billion of USDC reserves remain at SVB

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

arndxt @arndxt_xo

ToE's Weekly Highlights #13 🔹Marco: Roller coster. Looking uncertain 🔹Narratives: LSDs, Stablecoin war 🔹Defi: 50+ promising projects 🔹Resources and Tools: 500+ AI tools, Math, Hooks 🔹News: Silvergate, Mt Gox, Justin stakes on Lido 📩📭 threadingontheedge.substack.com/p/toes-weekly-…

threadingontheedge.substack.comToE’s Weekly Highlights #13Digging 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

The macro sentiments grew intensively negative as we approach the end of the week.

@Travis_Kling recaps the highlights in Feb, where we saw significant US regulatory crackdown on crypto in a single month ever. Likely more to come on that front.

Travis Kling @Travis_Kling

By most accounts, this was the most significant US regulatory crackdown on crypto in a single month ever. Likely more to come on that front.

In the beginning of the week, @arndxt_xo shared that its been a pretty quiet week for big macro data releases but already warn that economy is not looking good.

arndxt @arndxt_xo

It's been a pretty quiet 2 weeks in terms of big macro data releases. A close eye on the Fed's speeches might suggests that they are talking about higher rates for longer, which could be bad news for the economy. 1/

There after, @arndxt_xo review part 1 of @rektdiomedes recommended interview with Mike Green for top 5 macro insights into 2023. Mike expresses about his bearish view for 2023.

arndxt @arndxt_xo

You cannot miss @rektdiomedes' top recommends on macro video for the month. And this is one of it. So I gone through 76 minutes of thIs interview. Here‘re the top 5 macro insights into 2023 you want to know (part 1 only)🧵👇 1/

Sentiments grew slightly negative towards the mid week as we approach key announcement dates like jobs data.

@tedtalksmacro shares that the probability of a 50bps hike at this month’s FOMC meeting has increased by 40%

tedtalksmacro @tedtalksmacro

The probability of a 50bps hike at this month’s FOMC meeting has increased by 40% today - and according to the market, it’s now the more likely scenario. Key points from Powell’s speech: - getting inflation to target is likely going to be bumpy - the labor market remains… https://t.co/hPBuTecLBz

@jake_pahor also shares a similar view that the market is now pricing in a 73.5% chance of a 50bp hike at the March FOMC.

Jake Pahor @jake_pahor

The market is now pricing in a 73.5% chance of a 50bp hike at the March FOMC. Followed by ▶️ 25bp hike in May ▶️ 25bp hike in June ▶️ Pause in July for 6mths ▶️ first 25bp cut in 2024 Do you think they can hold rates this high without something breaking? 👇

While @verumcapital analyses the what worked in the previous bull runs

Verum Capital @verumcapital

2021 bull experienced 57 100Xers just in CMC top 300. What were their tokenomics? CMC historical data analysis + tokenomics strategy for next bull 🧵 👇 1/20

Silvergate winddown on the 8th of March.

@MacroAlf shares his views on the stock melt down

Alf @MacroAlf

Why this sudden meltdown in bank stocks? A couple of interesting theories and charts are doing the rounds, so let's have a look under the hood. A thread. 1/

@CoinNotes_io felt that there is more to go before we hit a macro bottom

CoinNotes @CoinNotes_io

I think total crypto market cap has a long way to go before a macro bottom. I said at the start of this year I don’t think panic has hit trad markets yet, so far stocks have had a slow orderly selloff. Now something might be breaking. The real opportunities come with panic.

2. Trending Narratives

@arndxt_xo summarises 11 projects from earlier ToE’s Weekly Highlights

arndxt @arndxt_xo

Looking for some brain-boosting research to explore? I've been diving into some amazing alpha finds from ToE's weekly highlights and these 11 projects are criminally undermentioned in their narratives: ▪LSD ▪ve(3,3) DEX ▪NFT AI ▪Wallet ▪Copy Trading And more cooking 👇

@TheGemNerd first ALPHA series

The Gem Nerd @TheGemNerd

Introducing the first #GemNerd ALPHA: • $VELA enables multichain deposits • #DVT gaining attention with @eigenlayer and @ObolNetwork • New perks for $xGRAIL holders with @JustBetOfficial IDO on Mar 9. And more 👇 Any alphas I should keep an eye on? $GMD $SHIB $BONE $LQTY

@insomniac_ac on his weekly #CrossChain Monday's #29

Insomniac @insomniac_ac

1/ #CrossChain Monday's #29 27 February - 05 March 2023 Summary of #interchain, #bridges and #interoperability news and announcements of the past week.

@CryptoShiro_ finds the best researches

Shiro @CryptoShiro_

I learned about interesting projects the past few days. 🧵 I selected some of the best researches (03/01 - 03/04) for you, you will find projects in the following Narratives: ▪️ Perp DEX ▪️ GambleFi ▪️ Options ▪️ Arbitrum ▪️ Real Yield And much more. 👇

@0xCrypto_doctor on Indices products.

CryptoDoctor🦇🔊 @0xCrypto_doctor

AI, derivatives, Layer2 and modular blockchains are some of the most compelling narratives this year🤑 Indices are instead little discussed. Do you want to understand why they are so critical for the entire ecosystem?🧐 Read below!🧵

@misaflips looks at Gamblefi projects

Misa | FlipperDAO🐧 @misaflips

Gambling on blockchain is going to be one of the big winners in the years to come. They offer regulatory protection and a fair environment (VRF; ZK) to its players which will result in a migration of business to web3. Lets analyze the early movers in GambleFi 🧵

@0xMughal shares Farms of the Month - March 2023

Wajahat Mughal @0xMughal

It's that time again, let's run it. Farms of the Month - March 2023 Here are some of the best stable coin opportunities I have found in the market. 🧵🧵🧵

@DefiantNews shares a new framework from @RollkitDev

The Defiant @DefiantNews

🖼️ #Bitcoin may be entering a renaissance era. 🏗️ A new framework from @RollkitDev promises to allow "sovereign rollups," built on Bitcoin. 😵‍💫 This comes after the community is still reeling with the advent of Ordinals.

@rektfencer on Kava’s hype

Rekt Fencer @rektfencer

KAVA is heating up and it's time to jump on this blockchain. If you're looking for the ultimate guide to KAVA, keep reading. I've got everything you need to know, including: - Kava Rise explained - How to bridge funds - The KAVA ecosystem - The best narrative plays 🧵 👇

@TheDeFISaint shares these trending DEXes

DeFI Saint 🦇🔊 @TheDeFISaint

To stand out, you have to show what makes you unique. Here are the list of undervalued protocols on L2s by categories and what makes them unique. Category: DEXes Version 🧵

@ThorHartvigsen on 30 protocols with strong catalysts in the coming months

Thor⚡️Hartvigsen @ThorHartvigsen

30 protocols with strong catalysts in the coming months⚡️ Bookmark this list🧵

@jkrdoc shares his plays on these narratives; RWA, BTC defi, LSD, Bridges, AI, ZK EM

doc 👻 @jkrdoc

Quick thoughts here. I dont know where the bottom is, but i will take try to accumulate those i believe in will recover the best after btc settles down.

@CryptoDamus411 on LSDfi as upcoming narrative

Road2Crypto @CryptoDamus411

I took a position in $USH @unsheth_xyz : - $USH is a new asset class of project called LSDfi. They allow for DeFi projects to build on top of LSDs - $1,3 million market cap - $4 million TVL - on Defillama's LSD page - Their chart is showing crazy strength Let's dive in 👇

3. Defi Happenings

@arndxt_xo found a undermentioned project called Steadefi

arndxt @arndxt_xo

Amongst the sea of yield protocols, I found one that is: 📌 Backed by big boys 📌 Building on blue-chip projects 📌 Community driven 📌 Deeply involved team One that is quietly building on top of a DeFi giant, @GMX_IO 🧵👇

@DAdvisoor on @votexfi A DeFi Voting Aggregator

DeFi Advisoor @DAdvisoor

👀

VoteX Finance @votexfi

1/ Confidence in crypto is getting slightly restored and now everyone is looking to get their feet wet Looking for sustainable and uncorrelated yields in the bear market ? 👁️👁️ Look no further than Vote Incentives! A 🧵 about @VotexFi 👇 https://t.co/cKSjflZ0st

@blocmatesdotcom on@InfPools; A decentralized exchange that offers unlimited leverage on any asset, with no liquidations, no counterparty risk & no oracles.

blocmates. @blocmatesdotcom

I think you’ll be hearing a lot about @InfPools in 2023 and beyond I sat down with Matthieu from the team to discuss how to trade any asset on Infinity Pools with: ♾️ Unlimited leverage?! ♾️ No liquidations?! ♾️ No counterparty risk Link 👇 youtu.be/rlnT_VxkWOc

youtu.be1000x Leverage and Zero Liquidations? An Interview with Infinity PoolsGrant sat down with Matthieu from Infinity Pools (https://twitter.com/InfPools) to discuss the upcoming launch of their incredible protocol. Infinity pools i...

@0xkhan_ on @DecentralGames; is a live on-chain metaverse experience.

Asif Khan 💜🍏 @0xkhan_

Bear markets are the time to find undervalued and underappreciated projects. Lot of room to contribute to open projects as well. @DecentralGames is one such project that I believe is set for explosive growth and adoption. A 🧵 on why I think so, let's dive in.

@0xjaypeg believes that $COIN is the index fund of crypto

jay @0xjaypeg

Tired of rotating from shitcoin to shitcoin? What if you could just buy an index on crypto and call it a day? $COIN (Coinbase) is the index fund of crypto, and here's why:

@0xTindorr on Pendlefi = simple, yet it enables various strategies for us to trade, hedge, and manage our yields more effectively.

Tindorr 🚢 @0xTindorr

Pendle has become the best-performing protocol in yield markets and has taken DeFi to the next level. You can trade interest rate of narrative assets, i.e. GLP, and get a discount at entry as the long-term holder A mega 🧵 on EVERYTHING you must know about this alpha @pendle_fi

@Dynamo_Patrick Arthur Hayes has proposal of a new stablecoin, NakaDollar, that would be backed by $1 of BTC and a 1x short on BTC.

Patrick | Dynamo DeFi @Dynamo_Patrick

Arthur Hayes has proposed a new stablecoin, NakaDollar, that would be backed by $1 of BTC and a 1x short on BTC. Seems like a solid idea to me. Could this work? What are the drawbacks?

@0xsurferboy deep dives into @OvertimeMarkets

Surf @0xsurferboy

1/28 Gambling speaks to our innate desire for risk and reward, and the thrill of the unknown. Human nature created a traditional Sports Betting industry worth over $80B. Now it has come to DeFi. A deep dive into @OvertimeMarkets 🧵

@Subli_Defi shares that Holding the 7 generations of HC will give access to DAO !

Subli 🦇🔊 @Subli_Defi

Future mint of Honey Comb NFT on #L2 chains @0xPolygon @arbitrum @optimismFND ❤️ @ethereum Holding the 7 generations of HC will give access to DAO ! This is the game. Play it or leave it ! @berachain @0xhoneyjar

the honey jar 🍯 @0xhoneyjar

https://t.co/sEj4brnJIC

@thelearningpill on @PerpyFinance = Decentralized perps + social trading on Arbitrum with 100% protocol real-yield distributed to stakers!

The Learning Pill 💊 (💙,🧡) @thelearningpill

Decentralized perps + social trading on Arbitrum with 100% protocol real-yield distributed to stakers! With several partnerships, this could be a social trading powerhouse! A 🧵 on $PRY @PerpyFinance ⬇️ #Arbitrum #Trading #PerpyTC $PRY

@Tanaka_L2 bullish on @PepesGame

Tanaka (💙,🧡) @Tanaka_L2

A new betting token is ready for #GambleFi trend. It's @PepesGame. $ARC $ROUL $LOTTO $DICE…are projects that have grown impressively recently. $PEG will be the next project on #Gamblefi trend. 📝 Here is the thread about🔽@PepesGame #Arbitrum #GambleFi #Pepesgame $PEG

@Alice_comfy on that USDC de/repegging incident

Alice @Alice_comfy

Correct but as always, short term stablecoin value is usually more tied to redeemability than actual underlying value. Am not sure how quickly USDC redemptions / creations are working since SEN collapse. As long as creations / redemptions work it will stay at $1.

⚯ M Cryptadamus ⚯ | @cryptadamist@universeodon.com @Cryptadamist

🚨Ω🚨 $USDC fully depegged... 1 USDC now worth $0.99. Back of the envelope calculations say 1 USDC = 99 cents is best possible case for $USDC in #SIVB collapse... worst case maybe $0.95. Of course if $SBNY also goes... could be looking at much less than $0.95. https://t.co/B2LmMT6ek2

@ipor_intern deep dives into Balancer Vault

ipor_intern @ipor_intern

Most #DeFi users know that @Balancer is an amazing piece of tech. But beyond its trading capabilities and great UX for LPs, there is one core piece of their architecture that stands out, the Balancer Vault 🧵 👇

@GearboxProtocol Gearbox V3. Launching Q2, 2023.

Gearbox Protocol ⚙️🧰 @GearboxProtocol

Gearbox V3. Launching Q2, 2023. Time to Redefine Leverage, Redefine Lending. ⚙️🧰

@zachxbt ends community requests

ZachXBT @zachxbt

I sincerely meant this and as a result will be officially ending community requests for research moving forward. It has been a nice ride the past 22+ months and I’ve been more than generous with my time. Some of you forget I am a volunteer.

ZachXBT @zachxbt

It’s getting very tiresome of people demanding I spend hours of my time helping them out. I have a never ending list of requests. In the past I’ve not charged for my time and only have accepted donations but in the future this potentially may change if it continues.

@escherxyz is a platform for the fine art edition landscape & the visionaries shaping it.

Escher @escherxyz

1/ Today we're proudly lifting the curtain on Escher, a platform for the fine art edition landscape & the visionaries shaping it. As a collector, where do you go to discover the most sought after editioned art? Escher is that place. Launching March 30th. 🧵👇

@PrimitiveFi is a portfolio based product

Primitive ™ @PrimitiveFi

In this blog post written by @0xEstelle, we conclude that bets on price action can be implemented and managed passively through Portfolio. This enables users to access more strategies without requiring active management! Read it on the Primitive blog:

primitive.xyzIntroduction to On-Chain Portfolio ManagementPrimitive builds crypto products and tools.

@itsdevbear introduces Polaris is a general purpose blockchain framework that allows for the integration of the Ethereum Virtual Machine (EVM) into any underlying networking or consensus layer.

Dev Bear 🐻⛓⚛️ @itsdevbear

1/ Today we are excited to share with the Berachain community the first open source project built entirely in house, Polaris.

Berachain 🐻⛓⚛️ @berachain

Presenting Polaris The first OS project built from the ground up by the 🐻⛓️ team. Polaris is a general purpose blockchain framework enabling the integration of the EVM into any underlying consensus layer. Its current iteration has been optimized for the Cosmos SDK.

@liquid_col is a LSD protocol. That allows user to stake ETH, receive ETH network rewards, access liquidity, and get slashing coverage, all with LsETH.