JUL 15, 2021 • 5 Min Read
Disclosure: Members of our team may own positions in assets mentioned in this report. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only and you should not make decisions based solely on it. This is not investment advice.
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BTC and ETH are heading back into the range low as sellers chose violence in every session (Asia, Europe, and NA) today. Another move to the range lows is far from ideal, and increases the probability of another leg lower (which we analyzed here). Crypto sweethearts AXS and SAND had another monster day, but have retraced a decent chunk of their moves since.
Note: In Tuesday’s edition (July 13) we incorrectly charted the performance of passive Uniswap v3 LP vaults. You can find the corrected chart at the bottom of today’s post.
Tokemak announces token details; launches public Discord server.
The Rise of the #Tokemechs begins now. Discord is live, link in article. Get your flight suits on, Pilots. $TOKE https://t.co/9z3BjAJ99D
— TOKEMAK (@TokenReactor) July 15, 2021
DeFi is eating CeFi.
% of total open interest (all strikes) for @ribbonfinance vs Deribit
Ribbon’s ETH open interest is 38.3% of Deribit’s total ETH open interest pic.twitter.com/QHYKoRso2B
— Ken Chan (@kenchangh) July 14, 2021
Delphi’s Jonathan Erlich breaks down the staking market and its potential.
Staking already is and will continue to become an increasingly important market within crypto (h/t @natluu).
Two protocols that stand to benefit considerably from this trend are @LidoFinance and @anchor_protocol.
Let’s explore ?https://t.co/mmO85MlzwD
— Jonathan E. (@JonathanErlichL) July 14, 2021