- The blocmates Newsletter
- Posts
- 💉 $12.7 Billion Liquidity Injection for Your Bags
💉 $12.7 Billion Liquidity Injection for Your Bags
PLUS we found the best Solana beta!
Together with
Today’s edition is brought to you by Size Credit - the first-ever DeFi fixed-rate lending platform with scalability designed for institutions.
If you’re looking for a trusted place to earn a fixed yield on USDC, check out Size Credit here!
GM to everyone praying for a V reversal.
I have to admit, Bitcoin is looking mighty promising with these moves off the bottom. The next big liquidity cluster is now all the way up, around seventy thousand. This will change along the way, of course, but it’s looking good, bruv.
ETH/BTC, on the other hand, looks absolutely dismal. Is ETH really destined to be just a gas token for buying MOG? Time will tell, but at least the ETF inflows have turned positive in the past few days, raking in about $60 to $90 million.
Will the herd be right this time, and will everyone aping SOL and selling their ETH win? Let’s get back to this.
In other news, the neverending XRP versus SEC story just finally concluded. The Ripple team is surely popping bottles right now, as they only have to pay $125 million instead of $2 billion, and XRP is officially ruled NOT a security. This bodes well for the rest of the crypto market, too.
Another certainly bullish development is the confirmation of FTX repayments, with as much as $12.7 billion flowing back into creditors' pockets early next year. Now, that’s a proper liquidity injection if I ever saw one. In my opinion, this cycle is far from over.
If you haven’t already… hit the subscribe button and get the coolest welcome email in crypto!
KMNO/USDT 3D Bybit
Kamino is the biggest lending protocol on Solana, second only to Jito in TVL. According to Zoomer’s well-timed shill today, it’s the ‘AAVE of Solana’. They TGE’ed three months back in a bad market with an airdrop overhang.
That looks like it’s run its course, with a nice Bart bottom after the Monday dump. The RSI bull div and 10/20 MA crossed bullish at the end of last month.
The dump buyback puts us back above the high timeframe resistance. Maybe we retest before higher, but it’s looking good to run it back towards the highest 3D candle close.
Jump on a daily Luke’s technical analysis stream to check more charts! Tune in here →
Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!
👌 A quick word from today’s sponsors.
Are you looking to earn a safe fixed yield with your USDC during the choppy times? Look no further:
Size Credit is finally solving the lending scaling problem with their institutional grade platform.
The innovative yield curve order book model lets users define their own rates and tenors for the very first time.
Protocol launch after two years of R&D
Size Credit marks a shift in DeFi fixed-rate lending towards scalability for institutions
Unique order book model greatly increases liquidity efficiency
For the first time, users are able to define their own yield curves to trade against
Users earn a passive Aave rate on unmatched offers
Jito as THE Solana Beta?
Source: Token Terminal
Same as ETH underperforms, SOL continues to show massive strength. This is, of course, reflected in its ecosystem tokens. One of the absolutely essential ones is Jito (JTO).
Simply said, Jito is Solana's main liquid staking project. As the leader, it rakes in $182M in revenue annually and currently holds around $1.73B in staked assets.
Now, looking at Solana's strength and then JTO’s chart, it’s pretty clear this is one of the best bets if you’re bullish on further SOL appreciation.
DYOR and all that, of course. None of this is financial advice; it's just me rambling.
The important bits.
Elixir (DeFI) - Announces change in farming terms - read
Tari (L1) - Launches a Tari Reddit Reward Game - read
Juicy Perp (DEX) - Received Arbitrum grant - read
Perennial (DeFi) - Now part of the Sherlock bug bounty program - read
Radix (DeFi) - Transaction Manifest is a game changer for DeFi - read
Mantle (L2) - 1 day left to complete Mantle AI Fest - read
Even more important bits.
Life gets busy so here’s what you’ve missed.
What Are The Top Projects In The Berachain Ecosystem?
Research
There are loads of exciting protocols being built on Berachain, but you're likely struggling to keep up with the sheer mass.
So here's an article that covers a bunch that has caught our eye.
To save you doom scrolling.
Sure would be funny if the ETF flows suddenly turned into weeks of positive inflows, wouldn't it?
Looking around, I think we’re on the final up-and-down steps leading to the most extreme phase of the bull run.
Bitcoin couldn’t move, altcoins got beat up, and everyone thought we’d never leave the range. Then, suddenly, we rocketed into a bull run so quick and massive that anyone not in position missed the main move and had to start chasing.
All we need is a bit of patience now.
stay safe homies,
Hix0n 🫡
Reply