Welcome to the new issue of the “Monday Alpha” series. Here is what I have prepared for you today:
This week’s 9 major cryptocurrency events to watch
2 little-known airdrop opportunities
Let’s dive in.
This week’s notable cryptocurrency events:
Eigenlayer Airdrop – The second phase of the first season of the EIGEN airdrop will go live in the coming days.
Synthetix deployment on Arbitrum – Synthetix V3 is set to launch on Arbitrum this week.
Ethena’s ENA token economics and staking update – Ethena will announce a significant token economics and grading update on June 17.
Pryzm Mainnet Launch – Pryzm is an innovative L1 blockchain for yield, focusing on tokenizing and trading yield rights, set to go live on the mainnet this week.
Macro events – U.S. retail sales data to be released on Tuesday.
GMX V2.1 release – GMX V2.1 rumored to go live at some point this week.
Stable Jack launch – New stablecoin hub on Avalanche, Stable Jack, to launch on June 20.
WINR Chain testnet launch – Decentralized gambling infrastructure project WINR to open WINR Chain mainnet and WINR v2 testing this week.
StepnGO launch – New encrypted social lifestyle application created by the makers of STEPN, StepnGO, to go live on June 19.
Airdrop opportunities this week:
Leverage token points with Contango
Contango is an innovative DeFi protocol that allows you to cycle anything on-chain. Some big supporters include Coinbase Ventures and ParaFi Capital. One of the most interesting things you can do with it is leverage points from popular protocols like Ethena, EtherFi, and Renzo.
2 strategies I like on Contango:
Deposit funds into the sUSDe/USDT pool through Morpho – Earn Ethena points with leverage of up to 11.5x.
Deposit funds into the weETH/ETH pool through Silo – Get Eigenlayer and EtherFi points at a low cost with leverage of up to 5x.
In addition to these two strategies, there are dozens of other strategies on the platform. By using the platform, you can also earn Contango points.
Provide liquidity with Catalyst or use cross-chain bridges
Catalyst is the first cross-chain DEX. During the bear market, it raised funds in a round led by Spartan Group. Recently, the Catalyst mainnet and its token plan officially launched.
There are two ways to earn Catalyst points:
Bridge ETH or wETH through one of these 3 chains: Optimism, Blast, and Base, or provide WETH or ETH as liquidity on Catalyst.
The points plan is confirmed to last a total of 10 weeks.
In the past 24 hours, Catalyst’s trading volume has been less than $100,000, which makes me feel that this airdrop opportunity is currently severely undervalued.
Tags:
Arbitrum
DeFi
Synthetix
USDT
Ethereum
Platform Token
This Week
Points
Airdrop
Source link:
https://www.thedefinvestor.com/p/weekly-catalyst-watchlist
Note: Article content represents the author’s opinions and does not constitute investment advice.