In today’s newsletter:
🔎DeFiLlama’s new research tool
📊On-chain alpha
😂Crypto meme of the week
🗞️The latest DeFi news
Today’s email is brought to you by Ctrl Wallet - the evolution of XDEFI Wallet
Check out Ctrl’s latest announcement regarding its tokenomics revamp!
🔎DeFiLlama’s new research tool
Just a few days ago, DeFiLlama released LlamaFeed, a 100% free landing page for everything crypto, which is a game-changer.
LlamaFeed makes it easy to stay on top of the major developments in this space. Furthermore, the platform is highly customizable, allowing its users to eliminate the sections they’re not interested in.
Here are a few things that you can find on it:
The latest crypto news from popular media sources
Top recent tweets (crypto-related)
Airdrops that are currently claimable
Polymarket’s odds for the top prediction markets
Governance Proposals
The section that aggregates the governance proposals of the largest DeFi projects is particularly interesting. Governance forums are generally an underrated place where you can search for alpha.
But the above list includes only half of its features.
In order to be able to access all its features, you need to click on the Downwards Arrow button ↓ and select the new sections that you’d like to add.
A few of the sections that can be added to LlamaFeed include:
CEX Token Flows
Upcoming Token Unlocks
Recent Hacks & Crypto Raises
Exchange Volume
The platform also comes with a custom search bar called LllamaSearch.
You can use it to access directly the official website of a major crypto project, open a token or wallet address on EtherScan/Debank, or see the chart of a certain token.
On top of this, by searching ‘Bitcoin’ for example, LlamaSearch will also show you the most recent news articles about Bitcoin.
To sum it up, LlamaFeed can be seen as a crypto aggregator.
I personally find the platform to be very useful and what’s great is that the DeFillama team is likely to continue to add new features to it over time.
At this moment, I use it mainly to keep up with the latest crypto news, monitor governance proposals, and see the upcoming token unlocks.
If you haven’t already given it a try, I highly recommend doing it.
Together with Ctrl Wallet
ONE WALLET FOR ALL YOUR CRYPTO
Ctrl (formerly XDEFI), has recently announced a full revamp of its web3 wallet and tokenomics.
With Ctrl Wallet, you can enjoy the best multichain user experience as it allows you to manage all your assets across hundreds of chains from one place while enabling you to pay for your gas fees using USDC.
But that’s not all. As you may know, most altcoins from the last cycle are down 90% from ATHs, largely due to aggressive token unlocks and early investor sell pressure.
Ctrl is taking an active approach to go against this trend with their recent $XDEFI tokenomics update:
Supply crunch: ~50% of the circulating $XDEFI supply (32% of total supply) will be placed into LP on AMMs
A buy back & burn mechanism will be implemented, with 100% of the LP fees and 75% of project net revenue being allocated to it
The largest three investors, the two co-founders, and the company’s treasury have agreed to lock 32% of the total $XDEFI supply into AMM liquidity pools for an expected period of 12 months.
This was done to show they’re committed to the long-term success of the project.
Check out Ctrl’s announcement for more details!
On-chain Alpha🔎
SocialFi is one of the fastest-growing crypto sectors
Friend.tech, one of the most popular web3 social platforms that generated over $50M in revenue, has failed terribly.
Yet despite this, SocialFi (decentralized social media) platforms have continued to grow and recently hit a new all-time high in daily users.
And I do believe that those could be the Trojan horse to bring Web3 mainstream.
Web3 social platforms have several major advantages over Web2 platforms.
Not only they allow you to truly own and control your data, but they’re also much more transparent and censorship-resistant.
Crypto Meme😂
The latest developments in DeFi
Sonic (formerly Fantom) has launched the Sonic chain testnet. The network has achieved a record transaction finality of 720ms
Osmosis introduced Polaris, a single interface for trading all tokens across all chains
Injective introduced the first tokenized index for BlackRock’s BUIDL Fund
Rabby Wallet launched Gas Accounts - allowing users to pay their transaction fees using stablecoins
pSTAKE Finance expanded its Bitcoin Liquid Staking solution to BNB Chain and launched a BTC farming campaign with Bybit. Bybit users can now stake $BTC on Bitcoin Mainnet using the Bybit Web3 Wallet
Zero1 Labs announced the roadmap for its upcoming AI-focused blockchain Cypher and the listing of $DEAI on Gate
Synthetix has introduced the SNAXchain, the Synthetix app chain on Optimism’s Superchain infrastructure
GMX has launched the GMX Liquidity Vault (GLV) - an automated vault that generates fees from leverage trading & swaps
Ctrl Wallet announced a buy-and-burn model for its upcoming token $CTRL. Its largest token holders also agreed to lock 32% of the $XDEFI supply for 12 months
Kamino announced Kamino Lend V2, which will enable permissionless market creation
Euler Labs released Euler v2, a new iteration of its lending platform
Kujira announced the Rujira Alliance, a merger between Kujira key ecosystem apps and Levana
Eclipse introduced $tETH, the first Unified Restaking Token. $tETH combines multiple yield-generating protocols on Ethereum into a single yield token
That’s all for this week!
Until next time,
The DeFi Investor
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