Redacted Cartel is omnipresent within every side of DeFI. Initially starting as an OHM fork, the protocol has done a 180 to create an ecosystem fueled by sustainable yield and earnings for their native token.

$BTRFLY

The native token of Redacted Cartel and their associated dAPPs is $BTRFLY.

The circulating market cap is $91M and fully dil

... Read more

An announcement last Saturday revealed the formation of Igloo Inc., the parent company behind Pudgy Penguins, Overpass IP, and now – Abstract Chain.

Igloo Inc. aims to establish a comprehensive ecosystem, not driven by speculation, but by enhancing the onchain experience for newcomers to the crypto world. This ambitious initiative,

... Read more

A new mobile SocialFi game is launching on Base.

The game is similar to Fantasy Top – except launched on Base and uses Farcaster instead of twitter.

When a user signs up, their Farcaster account is turned into a card that can be bought and sold via a bonding curve.

Each transaction has a fee of 10%:

1. 4% – community pool

2. 4% – Scoop

... Read more

With the one year anniversary of GHO approaching, I wanted to attempt to quantify the success thus far of Aave’s native stablecoin.

After launching in July 2023, GHO has amassed a total supply of $88.9M. The borrow rate is designed to mirror other stablecoins, currently hovering between 7.7-11%.

The growth trajectory of GHO has been st

... Read more

We’re quite early in the blob market discovery and a second congestion event has led to a lot of discussions on how to handle these in future.

This started with the LayerZero airdrop on June 20, leading to a surge in transaction demand on Arbitrum. Events like these can trigger spikes in the future, showing that blob market is not elasti

... Read more

At 8 PM EST, 1.5M ETH (~$5.1B) worth of Pendle PTs will expire.

While this is standard practice, there could be a serious impact on the stability of the LRT pegs.

Rates for the newer Pendle pools are hovering around 10-20% relative to 40-50% rates from a few months ago when many of these PTs were purchased.

PT Redemption Data

1. weETH (

... Read more

After being delayed in May, $BLAST officially launches tomorrow, June 26th 10:00 AM EST. While many people view Blast as a “ponzi” chain, the reality is that they have quickly become one of the top L2s. The total supply of $BLAST is 100B. 50% – Co... Read more

Today Solana and Dialect released a new primitive on Solana called Blinks. Essentially, blinks are a way to turn any Solana on-chain action into a link on Twitter/X. This is comparable to Farcaster’s frames but on Twitter/X instead, and from no action on X’s end.

 

My reaction to this announcement, in order, was:

1. Wow this is cool and a m

... Read more

TLX is a leveraged tokens protocol on Optimism that launched on 05/16/2024.

Leverage tokens utilize reactive rebalancing, which means no liquidations or margin management.

Let’s assume a BTC long is minted.

As BTC declines in price, the leverage inherently increases in price. This is because the money borrowed is fixed, but the collate

... Read more

The crypto faithful are an enthusiastic but impatient crowd. The last couple months of choppy price action has been frustrating for many – especially when other risk markets (i.e. equities) keep printing fresh highs week after week.

Heading into 2024, we outlined a speculative timeline for how things could transpire this year. We cited fa

... Read more