Airdrops
Everyone in crypto has heard of airdrops. Anyone who’s anyone, however, has actually received them. Upon receipt of a highly anticipated airdrop, the pang of dopamine from the financial implications and being rewarded for participating in the digital economy does urge one to wonder:
“Rekt pepe, what exactly are airdrops? Are they free money? Where do they come from? What are they for? Ser, we know DeFi farming alfalfa is dissipating, so wad[1] do in the bera[2] markets?’ a fellow DeFi Digest farmer calls out in a distance.
Fret not, fellow farmer, as we will share airdrop farming strategies that may prove superior to liquidity pool yield farming in the bera markets. As farmers, we need to acknowledge these changing liquidity dynamics (resulting in depressed gross yields), and re-strategize accordingly to optimize future portfolio gains.
Airdrops refer to the retroactive distribution of native tokens (both fungible and non-fungible) to users based on criteria set by projects. While the specific conditions and thresholds may differ from one project to another, they often share the common objective of rewarding early users and supporters of projects, an...Reports you may have missed
Fundstrat’s recently launched Crypto Core Strategy offers subscribers a digestible tool to manage their crypto portfolio, with the goal of outperforming bitcoin. For those looking to amplify the returns of their long positions, this complementary issue of DeFi Digest strives to cast light on some of the best risk-adjusted yields. We first describe our methodology to filter for yield opportunities, then dive into the protocols offering the yields, and describe...
FIGURE: A TEAM OF PEPES CONCOCTING THE PERFECT TOKENOMICS Tokenomics (a portmanteau for token and economics) represents the monetary policy of tokens that directly contributes to their price fluctuations. In bull markets, tokenomics were given utmost priority, sometimes constituting full theses for investment decisions. When the euphoria wears off in the bear, however, founders and market participants are left realizing that tokenomics can delay a weak project’s demise, but cannot...
FIGURE: GMX BLUEBERRY CLUB MEMBER TRADING USING GNS NFTS WHILE DYDX HEDGIES WATCH INTRODUCTION AND OPPORTUNITY In the last issue of DeFi Digest, we dove into decentralized options, a ‘Zero-to-One’ primitive that can onboard the next wave of DeFi users. Perhaps long overdue, this week we dive into decentralized perpetual futures, an instrument native to the digital asset space. A regular futures contract is simply a contractual legal agreement to...
