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- 🦍 Alpha Ape #3 - ChatGPT Twitter Takeover, Arbitrum Alpha & More
🦍 Alpha Ape #3 - ChatGPT Twitter Takeover, Arbitrum Alpha & More
plus a TLDR into Rage Trade, FactorDAO and Mellow Finance
GMGM
Our World Cup dreams have been crushed (again) and this week is probably one of the most pivotal weeks of the year.
SBF speaks in front of Congress Tues/Weds, US CPI numbers on Tues, and the FOMC on Weds followed by the press conference.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/b888f55c-ad71-4984-9f2f-7a73702f7d17/c555d743-63fb-4002-8bee-c6a4d3a21acd_498x220.gif)
But before the games begin we’ve put together a collection of alpha tweets, 3 project updates, and 3 governance TLDRs to kick-start your week off.
Remember: Nothing in this newsletter is financial advice and is purely for entertainment purposes only. The projects mentioned are just interesting finds.
But before we jump in, and if you’re new around here, then hit that subscribe button. We’ll keep you ahead of the trend, drop you some alpha and so much more.
🐥 Top Tweets - blocmates (& maybe Binance) are assembling a crypto footy team, Ryan Selkis from Messari turned bearish in 9 days, ChatGPT continues to take over Twitter, TheDefiInvestor looks at top AI projects, Polygon NFT sales are pumping with Starbucks partnership going live and Crypto_Linn reminds us pumpamentals > fundamentals.👀 Might be Something - We look at Eth perp and delta neutral vaults from Rage Trade, Factor DAO, the Draft Kings of trading and the real yield ecosystem builder Mellow Finance.👨💻 Governance Proposals - Lyra 🚴♀️ Velodrome, Sweat 💧 Vote to 🔥 Burn and UniSwap 🦄 Governance Voting Proposal Update.📝 Thread of the Day - Arbitrum is still the hottest topic in crypto right now and ViktorDefi breaks down some of the top protocols.🎧 Podcast of the Day - With the launch of chainEDGE we look back at the time when Onchain Wizard joined us.
They’re coming home again but Binance 🤝 blocmates might be starting something?
I nominate myself to assemble the England squad
— blocmates. (@blocmatesdotcom)
6:29 AM • Dec 11, 2022
Something definitely happened to go from this…
Calling the bottom for BTC/ETH.
If I'm wrong, it's because of macro and geopolitics, not further crypto-specific weakness. We'll see.
— Ryan Selkis 🥷 (@twobitidiot)
1:05 PM • Nov 30, 2022
…to this in just 9 days?
I regret to inform you I am bearish and there are still dominos to fall.
— Ryan Selkis 🥷 (@twobitidiot)
4:04 AM • Dec 9, 2022
Su-Kyle are on a comeback tour but let’s not forget what 3AC did
Su-Kyle saying they’re arb traders in a black-swan event, hunted by FTX, is the same as SBF saying there was a bank run.
Lest we forget, here’s a recap of what 3AC did 👇🏼
— Mira Christanto (@asiahodl)
2:25 AM • Dec 10, 2022
Enter the Matrix…
ChatGPT has crossed 1M+ users in just 5 days.
To compare, it took Netflix 41 months, FB - 10 months, and Instagram - 2.5 months.
But many haven’t yet realized its full potential.
Here are the 10 mindblowing things you can do using it right now:
— Aleksandr Volodarsky 🇺🇦 (@volodarik)
2:08 PM • Dec 8, 2022
…and let The Defi Investor show you the way with these AI projects
AI narrative is heating up.
Many tokens of artificial intelligence projects have been outperforming the market lately.
Here are a few AI projects that could disrupt the entire industry👇
— The DeFi Investor (@TheDeFinvestor)
1:27 PM • Dec 10, 2022
Arbitrum alpha…wen airdrop?! (soon)
December Alpha
Arbitrum Edition (💙,🧡)
Like/RT for frens :)
— RIDDLΞR (💙,🧡) (Behind on DMs) (@RiddlerDeFi)
6:04 PM • Dec 9, 2022
Rage Trade ensures user safety ahead of their vault launch
The Rage Trade team has purchased a total of $5m in smart contract exploit insurance which is now currently live!
Despite the high demand for our vaults from LPs and our community, we will be enforcing a strict 10m softcap TVL on launch day. Next cap increase post second audit.
— Rage Trade (@rage_trade)
12:41 PM • Dec 11, 2022
Polygon NFT scene is popping
NFT buyers on @0xPolygon are growing exponentially. An NFT supercycle is brewing on Polygon.
Source : @nansen_ai
PS: Saw some HUGE discrepancies on @cryptoslamio data as they dont index many Polygon apps. We escalated to them again. Posting new bigquery based dashboard shortly
— Sandeep | Polygon 💜 Top 3 by impact (@sandeepnailwal)
5:29 PM • Dec 10, 2022
Whilst the Starbucks 🤝 Polygon partnership begins
A journalistic cucumber hunt must begin asap according to Jesse
Shocking but not surprising. Every "journalist", editor and publication observed openly fellating Sam's cucumber in the past month needs to be investigated.
— Jesse Powell (@jespow)
9:38 PM • Dec 9, 2022
The Beacon Settlement Cup Qualifiers begin…
The Beacon #SettlementCup Qualifiers, coming DEC 12
Over $12500 in $MAGIC and prizes available for tournament competitors.
Compete in a new dungeon mode, and try your shot at becoming Top Settler.
Only 16 will qualify.
Powered by @Treasure_DAO, @arbitrum , @ReadyPlayerDAO
— The Beacon (@The_Beacon_GG)
9:36 PM • Dec 9, 2022
Whilst the number of founding characters minted edges closer to 50,000
40400 Founding Characters minted
22900 Owners5 more days to go.
@The_Beacon_GG @Treasure_DAO $MAGIC
— Cryptopian(🪄,🧠) (@Cryptonian2020)
2:28 AM • Dec 9, 2022
The battle of the stablecoins continues
Talk about smart marketing!
Let the theft of market share commence. 😅— CryptoCondom (@crypto_condom)
1:32 AM • Dec 9, 2022
NFTPerp showing real product market fit in private beta…
NFTPerp Private Beta:
- Total Volume = 6140 ETH ($7.78m)
- Total Revenue = 17 ETH ($21.6k)
- Launched BAYC, Mutant APE, Azuki, Punks and Milady markets
- 800 unique tradersSolid launch for the private beta showing real product-market fit.
— McKenna (@Crypto_McKenna)
9:57 AM • Dec 11, 2022
…whilst adding Azuki and Milady perps
AZUKI and MILADY perps now officially live on nftperp ♥️🫶@AzukiOfficial@miladymaker
beta.nftperp.xyz/trade
— nftperp.xyz (@nftperp)
12:06 PM • Dec 9, 2022
What if?
What may or may not happen in the next months:
1⃣ @SBF_FTX in jail
2⃣ @GaryGensler getting fired for not protecting investors
3⃣ new @SECGov chair approves #BTC spot ETF
4⃣ next bull cycle starts
— Kaduna (💙,🧡) impostors don't have 33k followers (@CryptoKaduna)
9:00 AM • Dec 9, 2022
The public beta of chainEDGE goes live
Introducing chainEDGE:
I’m stoked to finally announce that our public beta of chainEDGE is live at: chainedge.io. This is just our first dashboard, so once we formally launch in a month or so there will be more functionality included. No email or login required
— Onchain Wizard (@OnChainWizard)
3:39 PM • Dec 10, 2022
And finally, let us not forget
pumpamentals over fundamentals
— 🉐 Crypto Linn (@crypto_linn)
11:35 AM • Dec 10, 2022
…but then again could be nothing. This is just a collection of projects that might be worth keeping an eye on.
1) Rage Trade
Rage Trade is set to be the “most liquid, composable and omnichain Eth perp platform” thats built over on Arbitrum and backed by the likes of Tetranode, Wartull, Defi Frog and DCF God.
As of December 12th, their delta-neutral GLP vaults go live, and by using a unique mechanism they can neutralise the delta of GMX’s GLP which allows them to create a “risk on” and “risk off” vault.
Risk On Vault has no delta exposure but is instead exposed to the PnL of GMX. So when the GMX traders are winning GLP is negatively impacted and when the degens start losing GLP gets positively impacted. This should generate up to around 20-30% APY.
Risk Off Vault has no exposure to GMX’s PnL so essentially becomes a lending vault with around 8% APY.
The good news is the vaults auto compound into USDC so your position isn’t exposed to delta or a highly volatile asset. Check out The Calculator Guys breakdown video here.
Pepe's decided to settle down for the night. He lays aside his cookies, brushes his teeth (important, kids) & grips his Rage Bull tight. Do you know what he’ll dream of tonight?
Yes! Delta Neutral Vaults like every other person, child and adult alike. Only a few days left.
GN!
— Rage Trade (@rage_trade)
10:27 PM • Dec 8, 2022
2) Factor DAO
Factor DAO is providing the infrastructure for strategists, builders, and degens to create their own tokenised baskets (de-facto ETFs), vaults, derivatives and tokens.
What’s going to be unique is the gamification of their leagues and leaderboards which ranks baskets and pools by various performance metrics. You can think of this as Draft Kings but for trading.
Set for a 3-stage launch in Q1 2023:
Stake will allow users to “bootstrap FCTR liquidity or stake their FCTR to accumulate Factor's non-transferable governance and revshare token.”
Discover look at creating the “first set of vaults on mainnet, allowing anyone to deposit into community-voted indices.”
Create is where the fun really begins as we will be able to “create a vault, tailor active/passive investment strategies, and earn management and performance fees on any deposits.”
"wen $FCTR?"
Devs are shipping, time for an update 🧑💻
Our upcoming launch on #Arbitrum will consist of three phases:
Stake, Discover, and Create.
Ready to dive in? 🧵>>
— Factor (@FactorDAO)
11:44 AM • Dec 5, 2022
3) Mellow Finance
Mellow Finance is creating trustless automatic DeFi strategies through an ecosystem of permissionless vaults. By providing liquidity to a vault a user will get Mellow Vault LP tokens that can be used cross-protocol which will enable cross protocols strategies to be built.
The strategies that are in place on launch will all have different approaches including Boosted UniV3, Fearless Gearbox and the Mellow-Voltz LP Optimizooor. Check this Going Live - Strategies and Launch medium for more details.
Mellow Finance is currently in a 1-month gated access phase of testing that launched on 17th November. This was open to members of Lobster DAO and Degenscore Beacons.
Community initiatives are about to begin and public applications to the official whitelist are open…its a good ole fashion quiz that’ll get you in!
The protocol has been released and all systems are operating flawlessly 🤖🔄
It's time to start our first community initiatives!❤️🕹
Also, we're opening public applications for our whitelist!
But let's start with a short recap first⬇️— Mellow Protocol (@Mellowprotocol)
2:13 PM • Dec 9, 2022
Lyra 🚴♀️ Velodrome
→ Leap 40 ←
TLDR: Add 2 liquidity mining programs to Velodrome on Optimism to test the effectiveness of the incentives. The belief is that they can generate more volume and great liquidity per $1 of incentives by using Velo’s bribes and Lyra’s voting power.
🏛️ Governance Alert
New proposal from @lyrafinance to move 50% of their LP incentives to Velodrome.
leaps.lyra.finance/leaps/leap-40/twitter.com/i/web/status/1…
— Velodrome (@VelodromeFi)
9:31 PM • Dec 7, 2022
Sweat 💧 Vote to 🔥 Burn
TLDR: To burn or not to burn $1,000,000 worth of sweat tokens purchased on the open market. To vote holders can send tokens to a YES or NO wallet. Voting ends on December 12th and 10% of each wallet goes back to 10 lucky winners at random.
🗳️Our first governance vote is live!
We've used $1M of our profits to buy 61,704,529 $SWEAT on the open market.
Now, you choose whether we burn it or not.
👇Read our blog to find out how!👇
medium.com/sweat-economy/…🚨AMA today at 15:00 UTC with @oleg_fem in Discord to discuss.
— Sweat Еconomy 💧 (@SweatEconomy)
1:41 PM • Dec 9, 2022
UniSwap 🦄 Governance Voting Proposal Update
→ Proposal 19718 ←
TLDR: To reduce the amount of friction in the community governance process by:
1) Removing the first off-chain Snapshot poll, and replacing it with a “Request for Comment” post.
2) Increase quorum for the remaining off-chain Snapshot poll in the second phase to 10M UNI.
In November, we made a proposal to reduce friction in the Uniswap community governance process.
Delegates provided their feedback - and today we are posting an updated proposal.
We plan to hold a vote on these changes on Wed., Dec. 14.
gov.uniswap.org/t/rfc-update-c…
— Uniswap Foundation (@UniswapFND)
2:47 PM • Dec 9, 2022
and a quick word from our super awesome sponsors who help us make this all possible
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If you are a builder in this space and are hiring a remote-first team take a look at one of our partners, Deel. They allow you to hire, manage, onboard, and pay from anywhere in the world without the hassle. Yes, Deel allows you to pay your team in crypto too…
The latest thread
The blocmates discord is full of Arbitrum chatter and a lot of new apes have been asking about it. Viktor gives a great overview of the network plus a short sharp, to-the-point write-up on some hot projects to keep on your watch list. Don’t forget RiddlerDeFi's Tweet from above for even more Arbi alpha
Arbitrum is arguably the PROMISING chain right now.
You either ignore it, or leverage it for $$$.
A thread on the 360% view of @arbitrum, airdrop opportunities, alphas and some PROMISING GEMS (that could 100x) 💎
Grab a seat, anon; let's feast 🧵👇
— Viktor DeFi 🛡🦇🔊 (@ViktorDefi)
3:48 PM • Dec 8, 2022
The latest podcast
With the recent launch of chainEDGE (Nansen for degens) here is a look back at that time when the Onchain Wizard himself joined Grant to talk about his experience finding alpha wallets, following smart money, and an overview of what chainEDGE is.
And that’s it anon, from the whole team we hope you enjoyed it!
Your opinion matters to us, if you’ve 3 minutes let us know how you found today’s edition.
We’re ready to ape in, at any time. Got a good idea that needs funding? Send us an email with all of the info to [email protected]
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