Read Time: ~5 minutes
⚡Snapshot
Saylor & Vivek are turbo bullish
What happens to Bitcoin after the election?
200% SUI yield farm
Memecoin trading essentials & the blueprint
📖 Recommended Reads
⚡Considerations to maximize gains near the top
Rules to sell near the top
⚡Microstrategy announces plan to raise $40B and buy Bitcoin
Dubbed “21/21”, Microstrategy wants to buy 2% of BTC supply over 3 years
The AI Agent narrative is spreading like wildfire and Virtuals is leading the charge
Buy attention now, sell hopes and dreams near the top, log off forever
The concepts that separate the winners from the losers
📢Big Stories
📢Vivek Ramaswamy’s Strive fund wants to offer BTC to more clients
The focus of the new wealth management unit is to integrate Bitcoin into standard portfolios of everyday Americans
📢Bitcoin’s price after the election: experts weigh in
UK bank Standard Chartered is quite bullish
Comprehensive analysis uncovers 50 crypto wallets linked to MrBeast following allegations of insider trading
⚡Master the art of crypto fundamental analysis with the Dynamo DeFi Onchain Academy
🔢Onchain Analysis
Bitcoin TVL Hits Another All-Time High
Restaking continues to rocket upwards as more Bitcoiners look to earn yield and use BTC in DeFi applications.
TVL is up nearly 5x since September, approaching $3B.
This isn’t only due to Bitcoin price appreciation. TVL denominated in BTC is up over 3x to ~40,000 BTC.
The explosion in Bitcoin TVL is due to several key benefits offered by Restaking platforms:
Restaking on BTC provides brand-new ways for Bitcoiners to earn yield
Many Restaking platforms are also running points systems, giving Restakers the opportunity to earn potential future airdrops
Many Restaking platforms offer liquid staking solutions, meaning depositors can earn yield and maintain liquidity, a benefit previously unavailable on Bitcoin
Bitcoin ownership continues to grow, especially among wallets with smaller holdings. More Bitcoin holders means a brighter future for Bitcoin DeFi, which is being built out right in front of us.
🚜Farm of the Week
200% SUI/USDC on Turbos Finance
Turbos Finance is a popular DEX on Sui with $20M in TVL. If you have Sui tokens, or are interested in acquiring them, this pool is for you.
How it Works
Head to Turbos Finance and provide SUI and USDC liquidity to the pool. The pool has plenty of liquidity - around $3M. Due to volatile price action, the pool APR will change frequently. Currently you can earn 200% APR by supplying liquidity within a 30% price range. As long as SUI stays within this range, you’ll earn trading fees.
If price action continues to be volatile, keep an eye on your liquidity range.
Risks
Impermanent Loss
Here’s the difference between APY and APR. Hint; APY takes compounding into account, and APR does not.
Get Caught Up on Last Week’s News
⚡Watch Your Inbox
This week we’re dropping our favorite DeFi strategies and posting everything you need to know about Helium Network (including the HNT, IOT & MOBILE tokens).
It’s a busy week (apparently there’s an election?) but we’re cooking up goodies you’ll want to see.
🛠️Tool Spotlight
Tokenomist: AI-Powered Tokenomics Platform
Tokenomist is a favorite tool of mine to analyze one of the most crucial aspects of crypto analysis: Tokenomics.
Tokenomist tracks major and linear unlocks across nearly all industry sectors.
Compare emissions between tokens of your choosing, create custom unlock watchlists, and get a total breakdown of all unlocks happening each week.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
📅Key Events This Week
Macro Events
📊 US Presidential Election - November 5th
📊 Initial Jobless Claims data - November 7th
📊 Fed Interest Rate Decision - November 7th
📊 ~15% of S&P 500 companies report earnings
Token Unlocks
🔓Tokenomist: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓MEME (11.53%) - November 3rd
🔓FT (0.98%) - November 3rd
🔓 CROWN (2.36%) - November 3rd
🔓QI (1.68%) - November 4th
🔓LQTY (0.51%) - November 4th
🔓DELYSIUM (0.71%) - November 5th
🔓EIGEN (0.69%) - November 5th
🔓CETUS (2.61%) - November 6th
🔓MAVIA (3.64%) - November 6th
🔓NEON (44.92%) - November 7th
🔓NUM (1.32%) - November 7th
🔓GGP (11.79%) - November 7th
🔓HFT (2.93%) - November 7th
🔓CFG (0.89%) - November 7th
🔓SPELL (0.87%) - November 8th
🔓BMEX (3.13%) - November 8th
🔓XAI (4.90%) - November 9th
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 Wryon airdrop to PYR holders - November 4th (Source)
🚀 KPN token burn - November 5th (Source)
🚀 Ginger upgrade on Celestia’s mocha testnet - November 5th (Source)
🚀 Logos mint by logos operator on Trio - November 4th (Source)
🚀 SFLR fee-free staking period - November 6th (Source)
🚀 Story protocol commences final phase - November 7th (Source)
🚀 VVS token 3rd halving - November 7th (Source)
🚀 VOLT.WIN vyper launch - November 8th (Source)
🚀 Bitkub Metaverse Dungeon launch - November 9th (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
