ToE's Weekly Highlights #7

Digging up the grinds for the week.

Jan 21, 2023

Happy Lunar New Year to ToE readers! What can we expect from this market pump..

Macro markets are showing signs of bullishness but is this sustainable. Crypto is seeing some plays of pumps, could the dumps be round the corner. A variety of narratives are being shared, so keeping on my toes to find some new projects.

25 long list of alpha projects!

Whale wallet hunting

GTX being a joke and Genesis filed for bankruptcy

Let’s get into what happens 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

What are the markets looking like now; seems like a bull run eh guys! Hold your horses, here are some key takeaway from @CryptoHayes article called Bouncy Castle

Possibly scenarios:

#1 natural bounce off local lows of $16k, price plateau until USD liquidity conditions improve.

#2 market is frontrunning a resumption of Fed USD money printing
-> 2A: No pivot, $BTC price comes down
-> 2B: Pivot happens, start of bull market rally

I have done a summary of it for you here:

arndxt @arndxt_xo

We saw some euphoria in the markets. The crypto when on a rampage when many old narratives being brought up. But is this push upwards sustainable? Has the market really bottomed? @CryptoHayes lays out some macro insight and his thoughts, summarised in the thread below: 👇🧵 1/n

When in doubt follow the politicians? They always seem to know something that we don’t and in one of my previous newsletters, I share how much and which politicians are in profit.

Always DYOR! @DonteCrypto

Donte Walker @DonteCrypto

🚩Nancy Pelosi just dumped MILLIONS is stocks… As usual she knows something we don’t, this pump is a bull trap be careful ⚠️

Thread about the economics of money; how our monetary system and money creation work.

Governments and commercial banks print real-economy money used by us: non-financial private sector agents (e.g. households, corporates); fuelling economic growth.

Central Banks print financial-sector money.

@MacroAlf

Alf @MacroAlf

All they told you about money printing is really, really wrong. Let's dig into how our monetary system and money creation work. A thread. 1/

How about the broader macro for crypto?

TVL is a frequently used metric and a leading indicator to measure health of the crypto markets.

If TVL is outperforming the price then we are in a Bull market. If TVL is underperforming the price then we are in a Bear market. @PendulumFlow

Pendulum Flow 🕰️ 🌊 @PendulumFlow

TVL is THE most powerful leading indicator of the crypto market. Period. If TVL is outperforming the price then we are in a Bull market. If TVL is underperforming the price then we are in a Bear market. Simple. Logical. Supply and Demand. We are still in a bear market.

We could be in a echo bubble phase. But what exactly is a echo bubble? An echo bubble is a post-bubble market rally that results in another, smaller bubble. (from: Investopedia)

We might see a Left Translated cycle:

new ATH before $BTC halving
peaks early and spends more time in a bear phase

@BobLoukas sees an echo bubble as bearish and being a left translated too.

Bob Loukas @BobLoukas

Seeing lots of “echo bubble” talk lately around bitcoin. Interestingly, i introduced that idea in my first 4Yr video back in 2018, as a possible event for the “2023 into early 2024 period”! And talked about it often since. It’s called a Left Translated cycle. <Long thread>

2. Trending Narratives

All of this happened in DeFi last week @TheDeFinvestor

The DeFi Investor @TheDeFinvestor

All of this happened in DeFi last week👇

@_FabianHD believes that the Sign-In With Ethereum (EIP-4361) will spur mass adoption. So he plans to Play: Long $ENS Bonus play: Long decentralized wallet providers

Fabian D. @_FabianHD

2023 actionable trade idea #3 A little late with this one but here it is 👇 Thesis: Sign-In With Ethereum (EIP-4361) will launch this year and become a mainstream narrative for onboarding the masses to web3 Play: Long $ENS Bonus play: Long decentralized wallet providers

Fabian D. @_FabianHD

2023 actionable trade idea #3 coming tomorrow. Have decided to make this a series from now on and will review them all at the end of the year. Will try not to include anything that is already in mainstream opinion (example: LSDs) Trades 1 and 2 below for those who missed them👇

@0xkyle__ Weekly Narratives #2 - 16 Jan - 22 Jan, 2023

Solana Summer Ft. Aptos Autumn, Optimism, Stablecoin Summer, App chain thesis, AI Tokens, Liquid Staking / Metaverse Tokens, NFT DeFi,

Kyle @0xkyle__

Weekly Narratives #2 - 16 Jan - 22 Jan, 2023 This one's chock full of information that you don't want to miss.

0xkyle.substack.com0xKyle’s Weekly Market Narratives #2SOLANA. SUMMER. 16 Jan - 22 Jan, 2023

User-owned casino or "Defi casino" may be an upcoming narrative worth following.

@riskydotlol @defipleb

defipleb🫐🎲 @defipleb

Online gambling has grown to epic proportions - it's almost like you can bet on anything. The impact that Defi casinos can have on the online gambling industry is immense. User-owned casino 🎰 or "Defi casino" may be an upcoming narrative worth following. ⬇️🧵⬇️

Real innovation with the first crypto-native ETF be created by combining LSD + MEV + DVT + Shared Security @VelvetMilkman

VelvetMilkman🥛 @VelvetMilkman

The combination of @LidoFinance, @ObolNetwork, @eigenlayer will turn #stETH from a Liquid Staking Derivative into an Ethereum Security Fund (ESF). We will see the first crypto-native ETF be created by combining LSD + MEV + DVT + Shared Security...

How can you find the best projects around and what to look out for?

If a project ticks all the boxes on the retail narrative, ponzi tokenomics and captures some level of complexity of CT. Then it is a home run + cult leader/gigabrain Its basically convincing the "too good to be true" and gamifying it.

@UncleBadgers

badger @UncleBadgers

This isn't a thread. It is an investment thesis. Are you here to change the world or to make money? Well crypto is ultimately a selfish feat of PVP Finding where the main PVP will be concentrated is where the exponential gains are and I think I found the secret sauce. 1/

@simiao_li shares his 2023 outlook probably one of the more relevant ones given the time line that we are in. Here is a condensed one version done by @arndxt_xo

arndxt @arndxt_xo

Everyone has their differing views on the biggest narratives in 2023. What are those you can pay attention to? @simiao_li shares his 2023 outlook probably one of the more relevant ones given the time line that we are in. Super summary below: 👇🧵

@rektdiomedes Polygon Portfolio update

$ETH, $GNS, $AAVE, $CRV, $MATIC, $BIFI, $QI

rektdiomedes @rektdiomedes

Thread: Polygon Portfolio Update - January 2023 🧵 Have we arrived at some strange brypto paradise mirage?!? Wen more carnage?!? Has the zhupercycle begun?!? Let's dive in! 1/x

Strong coin categories @thedefivillain

VIKTOR @thedefivillain

Currently strong coin categories : - NFTs and NFT Finance : $JPEG $BEND $X2YZ $MAGIC - Curve broad ecosystem : $CRV $CVX $FXS but also $AURA $BTRFLY - LSD tokens : $LDO $RPL $FXS and $SSV - Optimism ecosystem : $OP $VELO and $LYRA $SNX - $FTT pumped after John Ray anncmt

3. Defi Happenings

Changing up the tone for this section so let me if you like change. It used to be Defi related news at the protocol level and what are the projects about. Now, this section will pack alot of new/alpha protocols, people’s thoughts about certain protocols.

But as always please DYOR. This change up is also because I am also beginnign to see alot of upcomings protocol that are building. And to fit everything in just one newsletter for the week might be too much.

So, here goes….

@MysoFinance improves this "liquidation-centric" design by building Zero-Liquidation loans or quote "DeFi's simplest loan option". @bizyugo

bizyugo 🦇🔊 @bizyugo

2 things dreaded by borrowers? Liquidation and stressful LTV monitoring. @MysoFinance improves this "liquidation-centric" design by building Zero-Liquidation loans or quote "DeFi's simplest loan option". Read on to learn more anon 🧵

Mirror Trading Platform. Copy the top traders with a single deposit by @GBlueberryClub @monte_xyz

Ṃ✦ Don Monte @monte_xyz

Babe wake up new protocol just dropped and it’s managed by @GBlueberryClub @GMX_IO keep an eye on it 👀 @PuppetFinance

@anthiasxyz does on-chain analytics for all. They continue the work of eGP1 by adding Value at Risk modeling, an in-depth wallet view, and advanced asset/health score filtering for Euler on Anthias.

Anthias 🐟 @anthiasxyz

And with that… @eulerfinance x Anthias eGP6 is Finished ✅

@JustBetOfficial is here to dominate Betting on @arbitrum @defi_mochi

Defi_Mochi (🍡, 📊) @defi_mochi

Defi has been suffering from an innovation drought with every protocol being a @GMX_IO fork or @Uniswap fork. 1️⃣ protocol aims to revolutionize the betting space with its cutting edge tech and design Here’s why @JustBetOfficial is here to dominate Betting on @arbitrum 👇 0/

@Surge_Fi was created to solve the problem DeFi lending protocols due to the lack of reliable and manipulation-resistant price feeds, whether it is just long-tail tokens, LP positions or NFT. @miguelrare

miguelrare 🧙‍♂️ | 🐻⛓ @miguelrare

So if you've already reread the article from the @Surge_Fi medium 10 times about how the project works and you don't understand anything, we help you!

$FOLD looks cheap at $40M FDV @xavana0x

X @xavana0x

$FOLD looks cheap at $40M FDV - SushiGuard Q1, basically confirmed by Sam and Jared - 50/50 split on profits, 100% of Manifold’s revenue to xFOLD, projections below (s/o Geert) - 77% of tokens already circulating - Addt’l products like MEV services for ETH2 block building otw

A DEX built on the Arbitrum blockchain. Unleash the power of your assets. Available on Arbitrum Testnet from January 22nd @Accrue_Finance

Accrue Finance @Accrue_Finance

Accrue Finance will be live on Arbitrum Testnet starting this Sunday (22). Anyone can test it, the testing period will be open to everyone.

@PinjamLabs Becoming a true DeFi Liquidity Aggregator. Testnet launched on 18 Jan

Pinjam Labs 🔺 (lend your capital productively!) @PinjamLabs

2 DAYS LEFT to #testnet launch! On the #testnet, you’ll be: ➡️ #Lending, borrowing, and claiming vault yields ➡️ 100% Capital Productivity ➡️ Be a #DeFi whale manipulating markets Come join our Discord: discord.com/invite/5F66V8c… #Avalanche #Web3 #RealYield $AVAX $AAVE $ETH

discord.comJoin the Pinjam Labs Discord Server!Pinjam is a lending protocol that fixes low lending yields in DeFi by efficient utilization of idle liquidity. | 142 members

Arion Finance is an NFT connected yield-farming and gaming platform with sustainable staking system. Built on #Arbitrum Chain.@arionfinance

Arion Finance (💙,🧡) @arionfinance

Gaming + Staking = ? Arion Finance connect these features and bring a new era of blockchain gaming on the #arbitrum chain.🧡 Verify yourself now: arionfinance.xyz Discord, community opening soon, get your alpha now! #Arbitrum

Join thier waitlist! VivaLeva is the first leveraged farming service on zkSync. @vivaleverage

VivaLeva Protocol @vivaleverage

Introducing VivaLeva 🔥🔥 VivaLeva is the first leveraged farming service on zkSync. We are a capital-efficient protocol which gives users a chance to maximize their yields via leveraged exposure. Join our waiting list and get alerted when launched: vivaleva.com

vivaleva.comVivaLevaUnlock Your Investment Potentials

ZEXE is soon launching with its unique spot and margin markets, becoming the first Orderbook DEX on #Arbitrum @zexeio

zexe @zexeio

📣 We're excited to announce that ZEXE is soon launching with its unique spot and margin markets, becoming the first Orderbook DEX on #Arbitrum 🚀💙🧡 Let us know your favourite tokens in the ecosystem to be listed! 💬 @arbitrum @arbitrumcore

zexe: cex-like trading experience on-chain with spot and derivatives market

Join the waitilist and follow the link to join in on the fun: https://magpiefi.xyz/waitlist

@magpieprotocol

Magpie Protocol @magpieprotocol

Hey there, frens! 👋 Just wanted to let you know that the latest Alpha testing stats are in, and they're looking pretty damn good. Don't want to miss out, feeling that FOMO? - follow the link to join in on the fun: magpiefi.xyz/waitlist You won't regret it! 😉 #MagpieAlpha

Factor DAO is a no code vault utilizing any asset to create any type of strategy. One click deposit and passive #realyield generation for investors. The public sale on @CamelotDEX is coming up fast in 5 weeks (announcement soon!).

ALΞX (💙,🧡) @CrossChainAlex

🧵 Things are hotting up for @FactorDAO. The public sale on @CamelotDEX is coming up fast in 5 weeks (announcement soon!). Here's a recap on what $FCTR is all about and some sneak peaks into what's going on behind the scenes (plus some alpha if you read to the end) 👀 1/14

@Rafi_0x is bullish on $CNC , which has a $21M circulating mcap, $57M FDV, no private salers or VCs to dump, and will launch their Omnipools very soon

Rafi_0x @Rafi_0x

Bought some $CNC @ConicFinance. This is the 1st new DeFi token I've bought in a while, but I think the upside here is huge. $CNC has a $21M circulating mcap, $57M FDV, no private salers or VCs to dump, and will launch their Omnipools very soon.…🧵

@SmileeFinance The first primitive to create Decentralized Volatility Products (DVPs). @blocmatesdotcom

blocmates. @blocmatesdotcom

Alpha: Go look at @SmileeFinance

@TrustaLabs Matching on-chain assets with the right users with AI driven sybil detection product. And they raised $3+ million

Trusta Labs @TrustaLabs

@TrustaLabs raised $3+ million in Seed Round, led by @SevenXVentures and Vision Plus, joined by @HashKey_Capital, @Redpoint, @GGVCapital，@snzholding. The funding will be used to build services that help Web3 projects on-board users more easily, and retain users with more value

PvP AMM Synthetic Assets Exchange On @arbitrum @Twinprotocolxyz

$TWIN presale is coming fast…. are you ready???

Twin Protocol (💙,🧡) @Twinprotocolxyz

📢 TWIN IS HERE TO WIN 📢 $TWIN presale is coming fast…. are you ready??? 💰Twin is Synthetic Perpetual DEX platform. 🪙Dual token model of $TWIN and $TLP. Join us: t.me/Twinprotocolxyz Tokenomics: twin-protocol.gitbook.io/twin-protocol/…

Resonate facilitates the farming of the issuers leased $GLP principal and transfers ownership of the yields farmable contract (FNFT) which entitles the purchaser to the returns generated during the specified term.

2 week $GLP pool on Resonate.
Beefy: 14% APY
Resonate Upfront: 12.22% APY
Resonate Boosted Yield: 188% APY @RevestFinance

Revest (🦇,🔊) @RevestFinance

1/ Resonate $GLP Alpha, a thread 💎 Skip it if you hate making money - big APY's included below. Featuring @GMX_IO and @beefyfinance.

Bunni + Redacted @0xSami_

Sami 🍯💭🙇‍♂️ @0xSami_

🐰🦄🦋

Undervalued Projects 2023 @corleonescrypto

Corleone @corleonescrypto

Undervalued Projects 2023 Last bull-run we found multiple projects that outperformed the market: - Undiscovered - Best Narratives - High iq backing - Revenue Oriented Let’s repeat that next Bull👇

LP Tokens Liquidity Hub | Yield maximisation for LP tokens @RoeFinance

ROE Finance 💈 @RoeFinance

3/ You can supply your LP tokens on ROE and buy IL swaps by borrowing LP tokens. - Put your collateral - Leverage 10x - Pay the borrow cost This would allow you to claim your IL as your returns in the event of a massive up or down spot move.

@landxfinance is a project that is actually farming defi yield on REAL land @RiddlerDeFi

RIDDLΞR (💙,🧡) (Behind on DMs) @RiddlerDeFi

1/ DeFi has been surrounded by "Farming" and "Yield" since inception BUT what if I told you there's a project that is actually farming defi yield on REAL land? 🧑‍🌾 🚜 How? Let's take a look 🧵👇

@Mirai_Protocol Holding the $MIRAI token gives you the equivalent of a great dividend.

Mirai is a lending platform built on Polygon #zkEVM which guarantees a faster and cheaper way of using #Ethereum without sacrificing security & decentralization.

Mirai @Mirai_Protocol

❓ What is Mirai ❓ Mirai is a lending platform built on Polygon #zkEVM which guarantees a faster and cheaper way of using #Ethereum without sacrificing security & decentralization. Users can lend & borrow assets across multiple chains in a trustless, permissionless way. 🧵👇

4. Educational resources and tools

@tapioca_dao is an omnichain money market. It uses: twAML stands for Time Weighted Average Magnitude Lock.

What is twAML by @tapioca_dao?

twAML stands for Time Weighted Average Magnitude Lock. A mechanism design that seeks to promote economic growth while avoiding the well-known pitfalls of liquidity mining programs

Its an improvement from OHM's (3,3) game theory one more step by creating a Subgame Perfect Nash Equilibrium (SPNE) system. OHM did not achieve SPNE as when rewards become huge, people deviate from (3,3).

OHM achieves only NE but not SPNE.

TWAML mechanism: When the lock time is seen as too long to receive a reward level perceived as equitable, the system will decrease the lock time required to receive an equitable reward until the allocative efficiency is reached again.

@ipor_intern