💥 TradFi Collapse = Time to Buy?
PLUS if you missed JUP, do not miss these!
🗞 Market commentary.
Greetings to all newly minted Jupiter crypto whales.
Well, at least you would be if you’d been religiously reading blocmates content during the bear market (no worries, I missed it too).
While the timeline oscillates between ultra bullish and bloody bearish, one cannot help but notice the same thing in the chart, as BTC printed a huge monthly candle showing nothing but indecision.
On Wednesday, we had a chance to enjoy a good old FOMC show and hear the printer chief Jerome Powell mention the growing likelihood of rate cuts, which, for now, remain unchanged. The fact that we’re once again witnessing cracks in the banking system, with New York Community Bank’s stock plunging 45% in just 2 days, makes one ponder that the cuts might be announced sooner rather than later.
The printer era is just over the hill’s horizon, but this hill is littered with traps and FUD news, friends. Don’t lose your positions (like the Ripple cofounder Chris Larsen, who just got hacked for $113M).
If you still feel that overpowering need to keep pushing buttons, though, maybe go hunt some rare sats, or better yet, delve into the plenty of on-chain quests described in today’s Degen Corner. Whatever you do, just don’t let them get your coins before the big show truly begins.
🤓 In today’s email.
Degen corner. From Zero to Crypto Hero
DeFi insights. 33 unmissable insights
ICYMI. Solana DePIN projects with Grant and 563, long convo with Jordi Alexander, and more
Tweet of the day. Andrew Tate sparks a new meme
And finally. Don’t fade those silly puppets
👌 A quick word from today’s sponsors.
But before we get to today’s Degen corner a quick word from today’s sponsors Voodoo Trade.
Voodoo is the first intent-based perpetuals DEX that integrates Eigenlayer Restaking and Composable LP Vaults into a multi-chain value capture ecosystem.
Their public sale LBP on Fjord Foundry will take place on Monday 5th February, 12:00PM UTC - you can participate here.
🔥 Degen corner.
From Zero to Crypto Hero
You might have heard that a certain rumored 17-year-old made 7 figures from the Jupiter airdrop. Whether true or not, this airdrop has done well for many, and I cannot think of any other industry where money literally falls from the sky straight into your lap as you sit and push buttons in the blockchainverse.
There are (too) many other upcoming opportunities, though, but we must carefully select which we devote our precious time and resources to. Let’s check a few of exactly these:
Hyperliquid
Hyperliquid (now the most used perp. DEX) airdrop is most probably coming around May, so there’s still plenty of time to trade and accumulate points (they stack up nicely, from my experience). Speculators suggest that one point could translate to anywhere from 4 to 16 dollars.
MODE
MODE is a layer 2 working closely with Redacted Cartel, offering users native staking yield through pxETH. All the details you need can be found through the link below.
Join the airdrop (4 days for boosted rewards remain)
Pryzm
Pryzm is an emerging layer 1 focusing on yield tokenization and optimization. From what we have seen so far, this one is not to be missed. Airdrop entry is mostly free, for now, as you will be interacting on a testnet.
Parcl
Parcl is a degen platform to trade real estate on 10x leverage. Worst thing about real estate? It’s illiquid. Well, not for long.
Tensor
Tensor is poised to become a beast on Solana, their NFT market as a product is superbly well done. Simply list, bid and trade NFTs (or buy a Tensorian). Personally, I’m stacking these guys.
Kamino + MarginFi
Find these and all the others from Solana ecosystem in our previous newsletter.
Celestia (Cosmos Eco)
This one is dubbed as the easiest and most bullish infrastructure play of this bull run. Celestia stakers will most probably enjoy the most airdrops of all communities, so it only makes sense to take some TIA and stay for the long haul.
Renzo
We talked about Renzo last time, so dig in here. Simply put, this one is huge for the restaking narrative.
Lastly, don’t forget to create your Gitcoin Passport. This thing might become essential to score the most important airdrops.
Follow us on Instagram, we’ll be dropping much more content on there soon.
👀 DeFi insights.
The important bits.
Algebra DEX Engine (DeFi) - LP & AMM research paper - read
Layer Zero (Interoperability) - V2 announced - read
Unstoppable:DeFi (DeFi) - Obtained EU VASP license - read
Restake Finance (LRT) - Opens deposits and offers 437% APY - read
Vector Reserve (LPD) - All LRT points go to vETH holders - read
Pudgy Penguins (NFT) - Announced “Overpass” IP licensing - read
StarkNet (L2) - Partnered with Celestia - read
Pendle (DeFi) - Partnered with ONDO - read
Picaso (LRT) - Restaking on Solana went live - read
Fraxchain (DeFi) - Fraxtal airdrop confirmed - read
Renzo (LRT) - Announced support for Lido’s stETH - read
Perennial (Perps.) - Lists $JUP perpetuals - read
Immutable (Gaming) - Announced zkEVM mainnet beta - read
Gunzilla Games (Gaming) - Announced rewards for Neo Tokyo - read
Camelot (DEX) - Lists first security-backed tokens - read
Clone Protocol (Cloned assets for SOL) - Private mainnet revealed - read
Conic Finance (DeFi) - Successful relaunch sees $20M TVL - read
📰 DeFi news.
Even more important bits.
Kraken lists WIF (Dog Wif Hat memecoin) - read
Wormhole announced Dymension integration - read
Polygon Labs cuts 60 staff - read
FTX exchange won’t be restarted, says bankruptcy lawyer - read
Blast forked Optimism’s code and rewrote MIT license - read
Runestones on Ordinals to be “biggest airdrop in history” - read
VISA extends crypto withdrawals to 145 countries - read
NEAR announced stage 2 of Sharding (stateless validation) - read
FTX announces plans to repay customers in full - read
Magic Eden announced multichain wallet and airdrop - read
OKX announced Ordinals support - read
PayPal starts to use its stablecoin for investments - read
Ava Labs reveals new scaling solution ‘Vryx’ - read
IBIT flipped GBTC for the first time - read
Chinese authorities are cracking down on crypto - read
🫠 ICYMI.
Life gets busy so here’s what you’ve missed
Find all of it on blocmates.com and media network →
🐥 Tweet of the day.
@AraDG11 has a short, but delightful conversation with Andrew Tate, just after Tate’s crypto project announcement, and a new meme is born.
🦍 And finally…
I can’t help but (as a biased holder) highlight Bitcoin Puppets, an NFT collection that is quickly becoming the face of Ordinals. Given today's focus on airdrops, these might be akin to the “TIA” of Bitcoin NFTs. The first airdrop, received in the form of RSIC METAPROTOCOL NFTs, is now worth 3-7,000 USD and just yesterday, Puppets received a new free mint. This trend will most likely continue as this collection is the loudest and also definitely most cult-like of all.
Yes, a lot of rewards without much work. But please, feel free to jump into the latest point grind program if that’s what floats your boat.
much love,
blocmates team 🫡
Always quality content, thanks again!