Estimated Read Time: ~4 minutes
⚡In Today’s Edition
Qatar proposes favorable crypto regulation
Polygon’s POL upgrade is here
Is this cycle different?
Sei Less: Sei’s strong summer
📖 Recommended Reads
Big stories this week, in bullet points
⚡Qatar introduces Digital Assets Regulations 2024
Qatar goes from banning crypto in 2018 ➡️ creating a supportive regulatory environment
⚡MATIC to POL upgrade set for this week
More than just a rebranding, POL is a “hyperproductive” token
⚡Is this cycle different, or has it not even begun?
A sensible altcoin prediction
⚡BTC September performance price simulator
CryptoQuant’s Head of Research says between 44k and 66k
New This Week: Dynamo DeFi Discord
⚡We added two new pivotal channels to the Dynamo Discord
💼Job Board - Dynamo Discord members get job listing notifications that could help them find their dream job in crypto.
🚨DeFi Alerts - When a chain hits a new TVL all-time high or when chain TVL increases by more than 10% in a day, our members are the first to know.
Join one of the most helpful, engaged communities in Crypto and level up your DeFi.
🔢On-Chain Analysis
Sei TVL Surges Over 50% in 1 Month
While we haven’t heard much of “Sei Summer”, the metrics point to a highly successful season for Sei.
Sei is leading the charge in TVL growth over the last 30 days, which is impressive considering the state of the overall market.
Chain volume is following the TVL trend: up and to the right.
These metrics are increasing after the Sei V2 upgrade, which offers parallelized EVM-compatibility to an already blazing fast chain.
DEX trading volume is also trending up.
🚜Farm of the Week
WETH-USDC on Beefy Finance
Beefy Finance is a cross-chain yield aggregator with $280M in TVL. The WETH-USDC pool is currently producing a high APY due to heavy Uniswap volume on the Arbitrum chain, along with Arbitrum LTIPP incentives.
How it Works
Earn 140% APY by supplying liquidity to the WETH-USDC pool.
You can select nearly any asset to supply, and Beefy will automatically convert the asset to WETH-USDC at the correct ratio.
Risks
Aggregator risk: using a yield aggregator means there are smart contracts that rely on other smart contracts, essentially stacking the risk of multiple dependent protocols instead of just one.
The total pool TVL is just over $2M, which is relatively small. Watch for pool TVL to dip below $1.5M: that would be a signal to exit the pool.
Impermanent Loss
Onchain and Crypto News This Week:
⚡Get Better at DeFi with Dynamo DeFi Pro
Take your crypto expertise to the next level with Dynamo DeFi Pro, the premium service designed to provide you insights into the on-chain economy and the knowledge to conduct your own in-depth research.
Dynamo DeFi Pro members gain access to:
⚡Exclusive Discord Community - Engage in lively discussions on trading strategies, on-chain data and airdrop alpha. Learn more here.
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⚡Premium Newsletters & Curated Data Analysis - Receive actionable insights and special in-depth reports on tokens with strong fundamentals.
⚡In-Depth Pre-Recorded Videos - Watch comprehensive videos where I share my research process. View past videos here.
⚡Monthly Group Strategy Calls - Participate in exclusive monthly video calls to discuss market trends, the latest in crypto, and more. Access calls here.
Get ahead with Dynamo DeFi Pro, for just $11/month (less than the cost of lunch in most countries).
🛠️Tool Spotlight
Use L2Beat to Track Layer 2 Metrics
L2Beat is your go-to Layer 2 activity tracker. Get security risk breakdowns and robust metrics for over 50 L2 chains.
You can also use the Value Locked page to see in-depth bridge activity, so you can more accurately follow the money.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
🗳️Prediction Pulse: Forecast the World Better
Prediction Pulse is a new newsletter launched by the Dynamo DeFi team about prediction markets.
On Tuesdays and Fridays, you get everything you need to know about the upcoming election, trending markets with the biggest moves, and our favorite prediction market picks to capitalize on🤝
Prediction markets are one of the fastest growing crypto verticals. Join thousands of subscribers and get critical updates & picks on crucial markets.
📅Key Events This Week
Macro Events
📊August ISM Manufacturing PMI data - September 3rd
📊July JOLTs Job Openings data - September 4th
📊August ADP Nonfarm Employment data - September 5th
📊Initial Jobless Claims data - September 5th
📊August Jobs Report - September 6th
Token Unlocks
🔓TokenUnlocks: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓CHEEL (2.08%) - September 2nd
🔓IMX (0.69%) - September 5th
🔓GMT (1.55%) - September 7th
🔓 ENS (0.94%) - September 7th
🔓EIGEN (1.67%) - September 8th
🔓FLR (1.62%) - September 8th
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀Justbet mainnet launch - September 2nd (Source)
🚀Solve new wallet release - September 2nd (Source)
🚀Inspect swap beta launch - September 3rd (Source)
🚀Cryptex superdApp launch - September 3rd (Source)
🚀Stylus mainnet launch - September 3rd (Source)
🚀Snekdotfun platform launch - September 3rd (Source)
🚀MATIC-POL token swap - September 4th (Source)
🚀Babydoge token launch on Solana - September 5th (Source)
🚀Sonic testnet launch - September 8th (Source)
🚀Nakamoto’s stake2earn launch - September 8th (Source)
⚡Favorite Resources
If you want to dive deeper, here are some of my favorite resources:
🛠️ The Dynamo DeFi Crypto Tools List: A comprehensive list of 100+ crypto tools to help with portfolio tracking, analytics, airdrops and more.
🚀 RocketX: The 1-stop-shop to get the best rates for on-chain & cross-chain swaps.
🛡️ Ledger: The smartest way to secure your crypto. Buy & sell crypto with full control over your assets.
For more frequent content, follow me on Twitter and YouTube.
Until next time,
Dynamo DeFi
