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- đ§ The ARKM airdrop and Pengiuns in Space?!
đ§ The ARKM airdrop and Pengiuns in Space?!
PLUS NFTs aren't dead!
đŹ Market commentary.
Good morning, afternoon or evening from wherever in the world you are from!
Arkhamâs been the talk of the town (again) and not for the fact that their âIntel Exchangeâ went live, which allows users to set bounties for hunters to go do some on-chain sleuthing to provide and find information connected to wallets.
We saw from the BLUR and ARB airdrop that it pays to play. The ARKM airdrop printed over 47,000 early beta testers and referral link shillers claimed 23.7m tokens totalling $15,000,0000. Yup⊠Fifteen Million United States magical internet monies were printed with these top 5 wallets each collection a cool 6 figures+.
Not bad, that.
Account Abstraction hit the spotlight again at ETHCC as Vitalik took to the stage. He noted that âPaymstersâ (account abstraction extensions) will let users pay gas fees in the native token theyâre transferring. Which, would make life MUCH easier especially when youâve run out of ETH.
In an industry that relies on internet wallets, the evolution of these is key for onboarding the next generation of non-tech-savvy investors.
And on a complete tangent to satisfy your crypto Twitter addiction, penguin trader Pentoshi is launching a penguin to space⊠in the name of animal safety, we hope this is just an NFT collection.
PS⊠thereâs a Quest for LARP code word hidden somewhere below.
đ€ In todayâs email.
The degen corner. NFTs are DEAD & so is NFTfi ft/ Protectorate Protocol
DeFi insights. 13 need to know updates
ICYMI. GM degen podcast, What is Savvy Defi? & Moats and Hoes
Top Tweets. Did AI program this?
And finally. Did Oct â22 mark the bottom & start of a soft landing?
đ„ The degen corner.
đČ NFTs are DEAD & so is NFTFi
Or at least the old formula wonât fool savvy NFT hodlers whoâve stuck by their illiquid jpegs and watched them go to zero. Especially during the recent NFT winter which has seen the Bored Apes getting closer and closer to zero.
The PFP Formula:
Hype + narrative + hopium + mint = devs retiring to the Hamptons.
And once the floor drops, rinse and repeat for a secondary âGeneration V2 (insert more buzzwords + hype)â collection that pumps your retirement bags.
Pudgy Penguins CEO, Luca Netz, gave advice to Web3 in a recent interview saying âcreate real products that transcend NFTs.â
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/e8a804f0-7f8c-493d-aaa3-5beff8622ba2/3632327f-6f21-4921-838f-e24335385717_1046x1164.jpg?t=1719312419)
The new model, create a brand thatâs transferable to the real world that normies can buy into without even knowing wdf an NFT or NFTfi is.
Ok cool so that takes care of the jpeg side of NFTs ecosystem but what about NFTfi?
After all, weâre in this space to have fun and make money with our friends.
Weâve spoken about Protectorate Protocol, you can read, watch, and listen to find out the nerdy bits of the protocol, as they might just be the next blue chip of NFTfi.
What is it?
The first of its kind and the definitive liquidity layer for NFTs, effectively acting as a liquidity router and yield aggregation platform that aims to provide deep, sustainable liquidity for NFTs and NFTfi.
How it started.
The Protectorate Protocol is the brainchild of Redacted Cartel operatives Magnus and 0xOmnia and was built to help not-so-savvy NFT hodlers and flip the model on its head, take the complexity of commonly used buzzwords and strategies like bribes, gauges or taking the weekend to break down the CRV ecosystem flywheel.
The vision⊠make NFTfi so simple that even Dan's Mum can understand by taking out the insane ponzinomics so all levels of investors can park their ETH and stables to earn by using a variety of NFT yield-generating strategies.
Aaaaand make NFTfi as fun as minting your first NFT, becoming part of a strange unique subculture.
Simple.
Whatâs up next?
The ETH capsules have been deployed and Envoys (LPs) can now see their oPRTC (call option emissions) reward accrual. The ETH capsules have seen >200 ETH being deposited since launch.
xPRTC (staking) and NFT capsules are next on the road map.
Staked PRTC (xPRTC), will allow stakers to tap into protocol revenue along with the ability to partake in governance.
NFT Capsules will allow depositors to make use of idle (whitelisted) NFT Inventory to generate a return for them. The capsule will be first in class, where the strategies will keep their NFTs in whole units. No fractionalization or sharding.
Word on the street the NFT capsule might feature Miladys and Remilios first.
đ DeFi insights.
The important bits.
Axelar Network - Introduce and launch Interchain Token Service - Read
ChainLink - Officially launches CCIP on AVAX, ETH, OP, and Polygon - Read
Gravita Protocol - Redemptions went live yesterday - Read
Llama Quest NFT - Partnership announced with TheLlamaMarket, the first project to build in the Llama Quest ecosystem - Read
Neon EVM - Launches mainnet on Solana - Read
Pendle Finance - Introducing Pendle Earn - Read
PepperDEX - Launching on HXRO Network, RandomTask555 deep dives the docs, tokenomics and more - Read
Pika Protocol - V4 has released 10 new trading pairs including ARB, PEPE and DOGE - Read
Ribbon Finance - Snapshot to merge with options protocol AEVO has gone live, ending on July 25th - Read
Savvy DeFi - Introduces MMC Zapper making minting much easier as it automates exchanging your collateral for 50% svToken, 50% collateral token. - Read
Spool - Release and discuss a teaser trailer on a new element of Spool V2, âMulti-asset Smart Vaultsâ - Read
Swell Network - Itâs over 9000! 9000+ pearl hunters in Swellâs Voyage campaign are staking 39,300+ ETH and releasing a deep dive including Gravita Integration - Read
Synthetix - Set to launch Perps V3 & Infinex in Q4 plus now uses Chainlinks CCIP - Read
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/4aa8df5c-ddb6-4930-9505-4bea4c57320a/5f06f455-cbf9-4755-b2c8-bc53c8d5e877_1600x900.png?t=1719312420)
đ° DeFi news.
Ethena Labs gains $6.5m investment to create the first âInternet Bondâ led by Dragonfly Capital and features Crypto Twitters favourite Arthur Hayes. - Read
Hector Network pass a vote to liquidate after the MultiChain fiasco and redeem the HEC token against the funds in the treasury - Read
Lybra Finance launches on Arbitrum Testnet allowing users to test out peUSD which is more compatible with DeFi protocols giving users greater flexibility - Read
Reddit tokens MOON, including r/CryptoCurrencyâs native MOON token and r/Fortniteâs BRICK after an update in T&Cs which ânow explicitly allows for trading Reddit's tokenized Community Pointsâ - Read
Ubisoft, the developers of Assassins Creed are now validating the Cronos network to advance blockchain gaming - Read
đ« ICYMI.
Life gets busy so hereâs what youâve missed.
GM degen podcast
Listen & Watch.
Will we see 8bn people on chain in the next 10 years or is it still a pipe dream? We're also talking about the trading bot surge, how @brian_armstrong is cleaning up at the minute, the dormant wallet sending a huge ETH amount to @krakenfx, and more...
What is Savvy DeFi? A Complete Guide.
Research.
What do you do when you find something incredibly interesting? Tell everyone? Keep it to yourself but with a silent scream inside? Or explore it to the depth to be sure that it really is as interesting as you think it is, and itâs not just your mind playing tricks on youâŠ
Moats and Hoes: Why Protocols are Building on Hxro Network.
Thought Provoker.
Projects that succeed are those that have their own ecosystem built around them and donât isolate themselves from the compostable world of DeFi. That is the most beautiful thing about this ridiculous spaceâŠ
đ„ Top tweets.
To save you doom scrolling.
@KobeissiLetter, did AI program this?
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/d06ec498-122e-4e83-8673-88a4980d95fe/db35b946-fb8a-4818-9e12-b3bf3777f67a_1158x1264.jpg?t=1719312420)
@rektdiomedes, at the end of the day⊠we all love a good ponzi.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/288cf587-f9d5-4bb1-928e-d853065e9e9b/406f2165-8884-4eb3-a18c-86aaafae5973_1174x928.png?t=1719312421)
@jchervinsky, rinse and repeat.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/13146731-089b-4aff-98de-a7472c675928/6221fcf2-7f88-4a14-bbcf-a1da22bee56a_1174x870.png?t=1719312421)
đŠ And finallyâŠ
Did October â22 mark the bottom? Have we all along been in a âsoft landingâ as inflation continues to cool off and markets continue to rally?
Are we currently in a bull trap or deep into a secular bull market disguised by the media's relentless recession fears and collapse of the global superpowers?
With liquidity still thin in crypto, playing narratives and formulating your Bitcoin halving thesis is probably the smartest thing to do whilst protecting your magical internet beans at ALL costs.
On that note, letâs get hunting!
đ€ A final word.
A quick word from our super awesome sponsors who help us make this all possible...
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