Arkham is shitting itself so here's updates from CT
https://twitter.com/HsakaTrades/status/1686770886437711874
$5M raised from two seperate entities:
https://etherscan.io/address/0x7a16ff8270133f063aab6c9977183d9e72835428#tokentxns
https://twitter.com/HsakaTrades/status/1686770886437711874
$5M raised from two seperate entities:
https://etherscan.io/address/0x7a16ff8270133f063aab6c9977183d9e72835428#tokentxns
X (formerly Twitter)
Hsaka (@HsakaTrades) on X
the next round of otc sales have begun
CRV OTC Counterparty Movements Update
• 0xf51, which received funds from 6 different addresses, moved their CRV to this address (likely custodied by Matrixport)
• machibigbrother.eth locked their 3,750,000 CRV for 6 months - txn
• c2tp.eth deposited and staked their 2,500,000 CRV on Convex - txn
• DCF God split their CRV between two wallets and deposited and staked on Convex - Wallet 1 | Wallet 2
• Cream Finance locks 2M CRV for 6 months, and stakes the rest (500K CRV) in Convex
• StakeDAO staked all their CRV in, wait for it, StakeDAO - txn
✨NEW:
• Yearn Finance just staked all 3.75M CRV tokens for yCRV
• 0xf51, which received funds from 6 different addresses, moved their CRV to this address (likely custodied by Matrixport)
• machibigbrother.eth locked their 3,750,000 CRV for 6 months - txn
• c2tp.eth deposited and staked their 2,500,000 CRV on Convex - txn
• DCF God split their CRV between two wallets and deposited and staked on Convex - Wallet 1 | Wallet 2
• Cream Finance locks 2M CRV for 6 months, and stakes the rest (500K CRV) in Convex
• StakeDAO staked all their CRV in, wait for it, StakeDAO - txn
✨NEW:
• Yearn Finance just staked all 3.75M CRV tokens for yCRV
Mantle Network Growth Stats
- $50M Bridged
- $40M TVL
https://twitter.com/cryptostreamhub/status/1686767178090205184
Thoughts:
- Mantle's TVL growth has exploded in conjunction with various protocols launching their incentive programs.
- Not clear if this is also helped by liquidity flowing from Base after the $BALD rug.
- $50M Bridged
- $40M TVL
https://twitter.com/cryptostreamhub/status/1686767178090205184
Thoughts:
- Mantle's TVL growth has exploded in conjunction with various protocols launching their incentive programs.
- Not clear if this is also helped by liquidity flowing from Base after the $BALD rug.
🔥1
Forwarded from Ouroboros Capital
Ouroboros Research Daily (3 Aug'23)
Presented by Menya Research
Go to our highlights channel for easy access to all past Research Daily as well as alpha highlights from Ouroboros' Narratives chat.
Curve Liquidation Arc
- Another 21.5m CRV ($8.6m) was OTCed today, bringing the total amount of CRV OTCed to 63.5m ($25.4m). New counterparties include Yearn, StakeDAO, and 3 more unidentified wallets
- Abracadabra proposal to raise interest rates on CRV cauldrons which could result in interest rates rising to 1000%-2000%. This proposal was later (more reasonably) amended to bring down proposed rates to 150-165% and to consider the liquidity of CRV/ETH
- Inverse Finance proposal to reduce collateral factor for its CRV market from 75% -> 65% and 50%->48% for cvxCRV, st-yCRV, cvxFXS markets . Liquidation incentives for cvxCRV, st-yCRV, cvxFXS markets will also be increased from 10% to 12%.
- Aave proposal to set CRV LTV to 0 has garnered 100% yes votes so far. This will precent further borrowing against CRV collateral
- Yearn has joined the OTC
- ZachXBT has asked MichaelRazum to reach out to the JPEG'd team given his address' connection to the Curve pool exploit
Project updates
- Y2K Finance launches "Touch" vaults for non-pegged assets, allowing users to trade one-touch options. The first asset to launch is CRV with a $0.40 strike price
- Quantum Wealth Network (a project that is spiritually OHM and accelerates wealth), launches its token
- Yuga Labs say HV-MTL Forge has double the retention rate (42%) of Dookey Dash
- Offchain Labs / Arbitrum teases an announcement tomorrow
- Unibot planning to launch DEX aggregator
- Rollbit founder responds to FUD and teases major release next week
- unshETH's Project Sentience goes live, open sourcing LSDs and allowing users to configure their own LSDs
- Rage Trade is sunsetting v1 to prepare for its v2 launch
- Sui launches liquid staking for its native token
- DegenHive is launching a Curve v2 style concentrated liquidity DEX on SUI
- KTX Finance is launching on Mantle
Onchain
- Sui sees ATH daily transactions driven by Ethos Wallet's game, SUI 8192
- FTX is bridging out its remaining assets on Solana to Ethereum using Wormhole
- Velodrome swap fees reach ATH
- Mantle TVL rises from $15m on 31 Jul'23 to $39m currently, large contributed by Agni Finance and iZiSwap
Regulatory / Macro
- Sources tell Blockworks that The SEC is ready to consider ETH futures ETFs
- Overall, 7 ETH Futures ETF were filed from 6 issuers - deadline to watch: 16 Oct'23, ETF experts raise likelihood of spot BTC ETF approval from 50% to 65%
- Proshares and Direxion LETFs file for dual Bitcoin/Ether ETFs
- US DOJ are considering fraud charges against Binance but are concerned it could cause a bank run similar to FTX ,and are considering a compromise
- OKX adds account abstraction features to its wallet
- China continues to Binance's largest market with $90b in volume
- Worldcoin suspended in Kenya, one of its biggest markets
Opinions / Analysis
- francesco's thread on Frax Finance's FraxFerry
- DCF GOD's view on the Curve situation
- thiccythot's thread on CRV OTC sales
- Frax Finance's Drake Evans view on lending project changing loan terms
- slapjakke's thread on Lyra v2
Presented by Menya Research
Go to our highlights channel for easy access to all past Research Daily as well as alpha highlights from Ouroboros' Narratives chat.
Curve Liquidation Arc
- Another 21.5m CRV ($8.6m) was OTCed today, bringing the total amount of CRV OTCed to 63.5m ($25.4m). New counterparties include Yearn, StakeDAO, and 3 more unidentified wallets
- Abracadabra proposal to raise interest rates on CRV cauldrons which could result in interest rates rising to 1000%-2000%. This proposal was later (more reasonably) amended to bring down proposed rates to 150-165% and to consider the liquidity of CRV/ETH
- Inverse Finance proposal to reduce collateral factor for its CRV market from 75% -> 65% and 50%->48% for cvxCRV, st-yCRV, cvxFXS markets . Liquidation incentives for cvxCRV, st-yCRV, cvxFXS markets will also be increased from 10% to 12%.
- Aave proposal to set CRV LTV to 0 has garnered 100% yes votes so far. This will precent further borrowing against CRV collateral
- Yearn has joined the OTC
- ZachXBT has asked MichaelRazum to reach out to the JPEG'd team given his address' connection to the Curve pool exploit
Project updates
- Y2K Finance launches "Touch" vaults for non-pegged assets, allowing users to trade one-touch options. The first asset to launch is CRV with a $0.40 strike price
- Quantum Wealth Network (a project that is spiritually OHM and accelerates wealth), launches its token
- Yuga Labs say HV-MTL Forge has double the retention rate (42%) of Dookey Dash
- Offchain Labs / Arbitrum teases an announcement tomorrow
- Unibot planning to launch DEX aggregator
- Rollbit founder responds to FUD and teases major release next week
- unshETH's Project Sentience goes live, open sourcing LSDs and allowing users to configure their own LSDs
- Rage Trade is sunsetting v1 to prepare for its v2 launch
- Sui launches liquid staking for its native token
- DegenHive is launching a Curve v2 style concentrated liquidity DEX on SUI
- KTX Finance is launching on Mantle
Onchain
- Sui sees ATH daily transactions driven by Ethos Wallet's game, SUI 8192
- FTX is bridging out its remaining assets on Solana to Ethereum using Wormhole
- Velodrome swap fees reach ATH
- Mantle TVL rises from $15m on 31 Jul'23 to $39m currently, large contributed by Agni Finance and iZiSwap
Regulatory / Macro
- Sources tell Blockworks that The SEC is ready to consider ETH futures ETFs
- Overall, 7 ETH Futures ETF were filed from 6 issuers - deadline to watch: 16 Oct'23, ETF experts raise likelihood of spot BTC ETF approval from 50% to 65%
- Proshares and Direxion LETFs file for dual Bitcoin/Ether ETFs
- US DOJ are considering fraud charges against Binance but are concerned it could cause a bank run similar to FTX ,and are considering a compromise
- OKX adds account abstraction features to its wallet
- China continues to Binance's largest market with $90b in volume
- Worldcoin suspended in Kenya, one of its biggest markets
Opinions / Analysis
- francesco's thread on Frax Finance's FraxFerry
- DCF GOD's view on the Curve situation
- thiccythot's thread on CRV OTC sales
- Frax Finance's Drake Evans view on lending project changing loan terms
- slapjakke's thread on Lyra v2
🔥3
CRV OTC Update
Total CRV Sold: 76M CRV @ $0.4 for $30.4M
Counterparties
1. 0x23f7 - 17.5M CRV
2. Justin Sun - 5M CRV
3. 0x4d3e - 2.5M CRV
4. DCF God - 4.25M CRV (split their CRV between two wallets and deposited and staked on Convex - Wallet 1 | Wallet 2)
5. 0xcb5a - 1.25M CRV
6. Cream Finance - 2.5M CRV (Locked 2M for 6 months, rest staked in Convex)
7. DWF Labs - 12.5M CRV
8. machibigbrother.eth - 3.75M CRV (Locked for 6 months)
9. 0x9dbf - 250K CRV
10. erwwer - 2.5M CRV
11. c2tp.eth - 2.5M CRV (Staked in Convex)
12. Yearn - 3.75M CRV (Staked in Yearn)
13. StakeDAO - 1.25M CRV (Staked in StakeDAO)
14. 0x5Aae - 2.5M CRV (Staked in Convex)
15. 0x0030 - 10M CRV (The Block reported this as Huobi's Jun Du, who has locked it for 1 year, but onchain shows that it is yet to be locked)
16. 0x73F8A - 4M CRV
Michael Egorov Outstanding Debt
1. Aave v2 | $49.2M | Health Rate 1.71
2. Abracadabra Loan 1 | $9.9M | 1.71
3. Abracadabra Loan 2 | $2M | 1.86
4. Fraxlend | $9.2M | 1.87
5. Inverse Loan 1 | $7.6M | 1.69
6. Inverse Loan 2 | $1.67M | 1.52
7. Silo | $733K | 1.90
8. crvUSD Loan 1| $1.4M | 1.09
9. crvUSD Loan 2 | $531K | 1.12
Total Debt = $82.2M
Other CRV Alfa
- Aave are now proposing to purchase 5M CRV via OTC at $0.4
- Dune Dashboard
- If you want to track CRV OTC wallets in real-time, try @EVMTrackerBot (not sponsored). I've found Arkham to be unreliable.
Total CRV Sold: 76M CRV @ $0.4 for $30.4M
Counterparties
1. 0x23f7 - 17.5M CRV
2. Justin Sun - 5M CRV
3. 0x4d3e - 2.5M CRV
4. DCF God - 4.25M CRV (split their CRV between two wallets and deposited and staked on Convex - Wallet 1 | Wallet 2)
5. 0xcb5a - 1.25M CRV
6. Cream Finance - 2.5M CRV (Locked 2M for 6 months, rest staked in Convex)
7. DWF Labs - 12.5M CRV
8. machibigbrother.eth - 3.75M CRV (Locked for 6 months)
9. 0x9dbf - 250K CRV
10. erwwer - 2.5M CRV
11. c2tp.eth - 2.5M CRV (Staked in Convex)
12. Yearn - 3.75M CRV (Staked in Yearn)
13. StakeDAO - 1.25M CRV (Staked in StakeDAO)
14. 0x5Aae - 2.5M CRV (Staked in Convex)
15. 0x0030 - 10M CRV (The Block reported this as Huobi's Jun Du, who has locked it for 1 year, but onchain shows that it is yet to be locked)
16. 0x73F8A - 4M CRV
Michael Egorov Outstanding Debt
1. Aave v2 | $49.2M | Health Rate 1.71
2. Abracadabra Loan 1 | $9.9M | 1.71
3. Abracadabra Loan 2 | $2M | 1.86
4. Fraxlend | $9.2M | 1.87
5. Inverse Loan 1 | $7.6M | 1.69
6. Inverse Loan 2 | $1.67M | 1.52
7. Silo | $733K | 1.90
8. crvUSD Loan 1| $1.4M | 1.09
9. crvUSD Loan 2 | $531K | 1.12
Total Debt = $82.2M
Other CRV Alfa
- Aave are now proposing to purchase 5M CRV via OTC at $0.4
- Dune Dashboard
- If you want to track CRV OTC wallets in real-time, try @EVMTrackerBot (not sponsored). I've found Arkham to be unreliable.
👍3
$BALD Deployer has been linked to milkyway.eth
https://twitter.com/zachxbt/status/1687127828234469376
https://twitter.com/zachxbt/status/1687127828234469376
X (formerly Twitter)
ZachXBT (@zachxbt) on X
BALD deployer is potentially revealed here.
Two days ago I noticed they had sent Mike $50K back in 2021 and reached out to him to ask who it might be.
0x0b6e7d5668c4a0a8e13d618b1ffc4406d079141e022381aad379040518dec285
Glad to see he shared this info.
Two days ago I noticed they had sent Mike $50K back in 2021 and reached out to him to ask who it might be.
0x0b6e7d5668c4a0a8e13d618b1ffc4406d079141e022381aad379040518dec285
Glad to see he shared this info.
Incoming demand for OTC CRV
Spiral DAO: $500k-$1m
Aave: $2m
Frax: amount not decided
https://twitter.com/0xRamenUmai/status/1687284243448414208
https://twitter.com/0xRamenUmai/status/1687284248179560448
Spiral DAO: $500k-$1m
Aave: $2m
Frax: amount not decided
https://twitter.com/0xRamenUmai/status/1687284243448414208
https://twitter.com/0xRamenUmai/status/1687284248179560448
Trader Joe launches on Ethereum
1. Available markets
- USDC/USDT - base fee 0.005%
- DAI/USDT - base fee 0.0005%
2. Auto-Pools allow users to automate liquidity (similar to automated LP management on uni v3)
3. Onchain Limit Orders
4. JOE is now an omnichain fungible token (OFT), coming to Ethereum soon
5. sJOE staking on Ethereum coming soon
Source
Thoughts
- launching stable pools first seems timely given the exodus of TVL from Curve
- Trader Joe’s v2.1 (comparable to Uni v3 and forks) has the highest fee/tvl ratio (efficiency) of all its competitors - data sourced from Artemis
1. Available markets
- USDC/USDT - base fee 0.005%
- DAI/USDT - base fee 0.0005%
2. Auto-Pools allow users to automate liquidity (similar to automated LP management on uni v3)
3. Onchain Limit Orders
4. JOE is now an omnichain fungible token (OFT), coming to Ethereum soon
5. sJOE staking on Ethereum coming soon
Source
Thoughts
- launching stable pools first seems timely given the exodus of TVL from Curve
- Trader Joe’s v2.1 (comparable to Uni v3 and forks) has the highest fee/tvl ratio (efficiency) of all its competitors - data sourced from Artemis
🔥1
Frax Gov Proposal to Onboard RWA Partner
IanGPT Summary:
- FinresPBC, a public benefit corporation, aims to assist the Frax Protocol by managing cash-equivalent assets without seeking profit, as part of Frax V3 RWA strategy.
- The company's role is limited to holding reserves and issuing tokens representing these reserves for Frax Protocol.
- FinresPBC partners with Lead Bank and plans to expand its crypto-friendly financial partnerships.
- The proposal suggests adopting FinresPBC as the offchain partner for FRAX v3, promising transparency with monthly public reports.
Source
IanGPT Summary:
- FinresPBC, a public benefit corporation, aims to assist the Frax Protocol by managing cash-equivalent assets without seeking profit, as part of Frax V3 RWA strategy.
- The company's role is limited to holding reserves and issuing tokens representing these reserves for Frax Protocol.
- FinresPBC partners with Lead Bank and plans to expand its crypto-friendly financial partnerships.
- The proposal suggests adopting FinresPBC as the offchain partner for FRAX v3, promising transparency with monthly public reports.
Source
🔥1
Arkham Launches Oracle (basically ArkhamGPT)
https://twitter.com/ArkhamIntel/status/1687783495504932864
https://twitter.com/ArkhamIntel/status/1687783495504932864
X (formerly Twitter)
Arkham (@ArkhamIntel) on X
The Arkham Oracle can significantly accelerate your on-chain research.
Ask the Oracle for the on-chain data you’re looking for and it will use Arkham for you to find an answer.
Let’s take a look at how best to harness it:
Ask the Oracle for the on-chain data you’re looking for and it will use Arkham for you to find an answer.
Let’s take a look at how best to harness it:
Adam says Huobi is Insolvent:
https://twitter.com/adamscochran/status/1687959096316542976?s=19
Justin Sun: “4”
https://twitter.com/justinsuntron/status/1688026465387044864
https://twitter.com/adamscochran/status/1687959096316542976?s=19
Justin Sun: “4”
https://twitter.com/justinsuntron/status/1688026465387044864
X (formerly Twitter)
Adam Cochran (adamscochran.eth) (@adamscochran) on X
1/16
So why is Tether selling off?
Likely Huobi insolvency.
-Binance started selling off USDT in bulk.
-We found out that Huobi execs (and Tron personnel questioned by police)
-This is not long after Sun's stUSDT launch
-And weird balance shifts at Huobi…
So why is Tether selling off?
Likely Huobi insolvency.
-Binance started selling off USDT in bulk.
-We found out that Huobi execs (and Tron personnel questioned by police)
-This is not long after Sun's stUSDT launch
-And weird balance shifts at Huobi…
❤1
Ian's Intel #16
We're so back
⛓ L1/L2
Onchain Highlights
https://twitter.com/stacy_muur/status/1688113614148751361
Stacks Nakamoto Summary
https://twitter.com/TychoOnnasch/status/1686780580007153664
Chainlink VWAP Visualization
https://twitter.com/dalteco/status/1686878478061404160
Sui Transaction Record
https://twitter.com/Artemis__xyz/status/1686814178085163008
EIP-4844 & Sequencer Margins Report
https://twitter.com/asxn_r/status/1686424557677170688
🤑 DeFi
Curve OTC Updates
https://twitter.com/0xRamenUmai/status/1688044951836499968
GMX v2 Stats
https://twitter.com/gmx_intern/status/1688172458421915650
Logarithm — LPDFi??
https://twitter.com/crypto_linn/status/1688166426056466433
Fluid Protocol — Stablecoin on Fuel
https://twitter.com/Fluid_Protocol/status/1687865854896254976
Trader Joe Launches on Ethereum
https://twitter.com/traderjoe_xyz/status/1687387912306872321
🖼NFTs
Reddit Avatars
https://twitter.com/DefiIgnas/status/1688174067516612608
NFT Volumes
https://twitter.com/beaniemaxi/status/1687909585963630594
📰Full Newsletter:
https://cryptoian.substack.com/p/ians-intel-16
We're so back
⛓ L1/L2
Onchain Highlights
https://twitter.com/stacy_muur/status/1688113614148751361
Stacks Nakamoto Summary
https://twitter.com/TychoOnnasch/status/1686780580007153664
Chainlink VWAP Visualization
https://twitter.com/dalteco/status/1686878478061404160
Sui Transaction Record
https://twitter.com/Artemis__xyz/status/1686814178085163008
EIP-4844 & Sequencer Margins Report
https://twitter.com/asxn_r/status/1686424557677170688
🤑 DeFi
Curve OTC Updates
https://twitter.com/0xRamenUmai/status/1688044951836499968
GMX v2 Stats
https://twitter.com/gmx_intern/status/1688172458421915650
Logarithm — LPDFi??
https://twitter.com/crypto_linn/status/1688166426056466433
Fluid Protocol — Stablecoin on Fuel
https://twitter.com/Fluid_Protocol/status/1687865854896254976
Trader Joe Launches on Ethereum
https://twitter.com/traderjoe_xyz/status/1687387912306872321
🖼NFTs
Reddit Avatars
https://twitter.com/DefiIgnas/status/1688174067516612608
NFT Volumes
https://twitter.com/beaniemaxi/status/1687909585963630594
📰Full Newsletter:
https://cryptoian.substack.com/p/ians-intel-16
👍1🔥1
GMX v2 Now Live on Arbitrum & Avax
https://twitter.com/GMX_IO/status/1688201041156718592
🧵 Wtf is GMX v2?
https://twitter.com/Mr_Gorilla_eth/status/1687822702676267008
https://twitter.com/GMX_IO/status/1688201041156718592
🧵 Wtf is GMX v2?
https://twitter.com/Mr_Gorilla_eth/status/1687822702676267008
Interesting theory as to why USDC is losing ground to USDT (Note: Speculation)
https://twitter.com/defi_made_here/status/1688218517617696768
https://twitter.com/defi_made_here/status/1688218517617696768
Twitter
1/🧵 What is happening with the stablecoin landscape and why is $usdc losing the competition?
https://t.co/d341aPT1c8
https://t.co/d341aPT1c8
Evgeny (Wintermute) says their CRV OTC purchases are related to Wildcat Finance, a lending protocol under development.
Tweet
Wildcat Finance Whitepaper
Tweet
Wildcat Finance Whitepaper
Forwarded from Wu Blockchain News
Breaking: PayPal said it will launch a U.S. dollar stablecoin, PayPal USD (PYUSD), issued by Paxos Trust Co. Backed by U.S. dollar deposits, short-term Treasury bills, and cash equivalents. PYUSD will gradually become available to PayPal's U.S.-based customers. BBG