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- 7# The Ape Board - 14th February, 2023
7# The Ape Board - 14th February, 2023
Curated feed sharing Alpha, events and insights into the crypto economy...
It was a busy start to the week. Got some good work done on the other project that I have initiated. More on it later…
Beginning with some good news:
Inflation numbers in the US are lower than expected:
Truflation US, Feb 14, 2023
🇺🇸 5.30%
Regardless of the relatively hot US CPI read today we keep seeing a strong downtrend in the YoY inflation rates and across most product and service categories. More data available daily at truflation.com
— Truflation (@truflation)
5:08 PM • Feb 14, 2023
Lets figure out what changed in the crypto markets:
Markets are up but feels like a fake pump with a lot of rotation. A good indicator is BTC strength and dominance to understand the market standing:
The global #crypto market cap today is $1.08T, a 2.17% change in the last 24h.
Total trading volume in the last 24h is at $87.3B.
#BTC dominance is at 39.73% and #ETH - 17.38%.15.02.2023 0:44:00 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
12:46 AM • Feb 15, 2023
Volatility levels remain low in the absence of major movements:
The Crypto Volatility Index is at 58.29 📊
The CVI ranges between 0-200
0-85 ≈ Low volatility
85-105 ≈ Medium volatility
105-200 ≈ High volatility
Trade #volatility (CVOL):
Platform 👉🏻 cvi.finance
Sushiswap 👉🏻 sushi.com/swap?token0=0x…@official_CVI
$CVOL $GOVI— CVI Daily (@CVIdaily)
8:53 AM • Feb 14, 2023
Paxos shows some muscle. Also, BUSD will remain Fully-Backed and Redeemable Through At Least Feb 2024:
Paxos issued the following statement on February 13. Read the full statement here: paxos.com/2023/02/13/pax…
— Paxos (@Paxos)
9:10 PM • Feb 13, 2023
[DB] Paxos: Existing BUSD Remain Fully-Backed and Redeemable Through At Least Feb 2024
— db (@tier10k)
11:01 AM • Feb 13, 2023
Gabriel sharing his 2 cents on what could be a likely future:
don't hate me but custodial stablecoins are probably all securities
I have said this consistently
US securities laws are just insanely broad...
— _gabrielShapir0 (@lex_node)
1:17 AM • Feb 13, 2023
Trying to inculcate 2nd/3rd order thinking into every major event in crypto:
Some massive capital flight out of BUSD:
. @CurveFinance has recorded a trading volume of $1.07 billion over the past 24 hours, marking a new high for the year. Only two other days in its history have seen a higher volume, and they both occurred immediately after the collapse of FTX
— DefiLlama.com (@DefiLlama)
3:21 AM • Feb 14, 2023
Cheetah dives into the stablecoin designs of $FRAX, $DAI and crvUSD:
🧵[$FRAX >>> $DAI]🧵
Why are stablecoins of @fraxfina@fraxfinanceFinance@CurveFinanceesistant than @MakerDAO? In@MakerDAOakerDAO is @MakerDAO higher risk!!Short answer: Algorithmic Market Operations (AMO) + token fungibility + principle of protection of property rights
👇👇👇
— DeFi Cheetah 🐆 ¤🫐🦇🔊🌿 (@DeFi_Cheetah)
7:21 AM • Feb 14, 2023
Another good thread to understand the stablecoin design:
1/ The DeF#DeFiblecoins took a hit when UST collapsed, but DAI, FRAX, and LUSD held strong.
Now, GHO & crvUSD are preparing to join the space, bringing new innovations.
With regulators cracking down on BUSD – here's the bullish case for #DeF#DeFiblecoins: 🐂
— Ignas | DeFi Research (@DefiIgnas)
1:04 AM • Feb 14, 2023
$BLUR airdrop is live:
$BLUR is now LIVE
All traders across all marketplaces in the last 3 months, Care Package holders, and Creators are eligible for the airdrop.
You have 60 days to claim your BLUR ⏰
— Blur (@blur_io)
6:42 PM • Feb 14, 2023
BLUR raising at $1B:
[DB] NFT Marketplace Blur Set to Raise at Billion Dollar Valuation: The Block Pro
— db (@tier10k)
9:20 AM • Feb 14, 2023
LENS Airdrop round the corner?
Did @LensProtocol just leak and delete their airdrop confirmation?
👀
— olimpio (@OlimpioCrypto)
5:52 PM • Feb 14, 2023
Fungi shares some alpha:
Want to be early to new projects, but don't know where to find them, or don't have the time to research?
Don't worry, we got you covered 🤝
Check these 22 promising new projects we found, which have just launched, or will launch soon:
— Fungi Alpha (🍄 ,🍄) (@FungiAlpha)
9:01 PM • Feb 12, 2023
Some hidden alpha on Arbitrum:
1) It’s under the radar, it’s fresh as fuck and it might just be the next gem you’re looking for.
Native to everyone’s favourite L2 and mine, arbitrum.
What is Solid Lizard and why should you care?
A thread…🧵
— On Before Dawn (💙,🧡) (@OnBeforeDawn)
8:25 AM • Feb 14, 2023
ZK Rollups:
ZK Rollups have tremendous potential to revolutionize the Ethereum network and bring about a new era of decentralized applications and financial instruments. But what are ZK Rollups and how does it work?
Time for a 🧵👇🏼
— Wauwda ✏️ (@wauwda)
4:58 PM • Feb 13, 2023
If some are still here and building, KUDOS!
The similarities between 2019 and 2023 are uncanny. Most participants move on. Many builders do also, only seeing dead-ends of exhausted narratives.
A small number push on, inventing something new and radical that brings everyone back. Never been a better time than this.
— ✨ John Patten (@jpatten__)
4:22 AM • Feb 13, 2023
That’s all for today folks!
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