🔎10 big things to watch this week

A compilation of crypto catalysts, airdrop strategies and alpha threads

Nov 25, 2024

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GM friends.

Welcome to a new issue of the “Monday Alpha” series.

Here’s what I’ll cover today:

10 crypto events I’m watching this week

A new airdrop I’m farming
7 must-read threads

Let’s dive in👇

Crypto catalysts to watch this week

Avalanche's Fuji9000 upgrade - Avalanche’s Fuji9000, the last step before Avalanche9000, Avalanche's largest upgrade ever, goes live today. Avalanche9000 will drastically simplify the development of new L1s
Voting for Jupiter’s next airdrop - Voting for Jupiter’s proposal to airdrop 700M JUP (~$770M at the current valuation) to the protocol users starts on Nov. 25
Macro events - FOMC Meeting Minutes will be released on Nov. 26
Thorchain’s Applayer launch on Stagenet - Thorchain will begin the stagenet deployment of the new DeFi apps that are being built on top of it this week
SUI token unlock - $220M worth of SUI will be unlocked on Dec. 1. Most of it will go to early investors and contributors
STRK staking launch - The rollout of the STRK staking mechanism begins this week
Sonic L1 launch - Sonic L1 was confirmed to go live in December. The network, which has been developed by the Fantom team, is expected to be able to process 10,000 TPS at one-second finality
pSTAKE Finance’s token upgrade - pSTAKE Finance’s new token utility to stake $PSTAKE and earn $BTC is expected to go live on Nov. 28
Stacks’s sBTC launch plan announcement - Stacks will reveal the timeline for the launch of sBTC early this week. sBTC is Stacks's BTC-backed asset for DeFi
Kelp DAO’s new vault launch - Kelp DAO will release a new tokenized vault for ETH that will automatically generate yield by allocating funds to various DeFi strategies on Nov. 25

Together with Rayls

The bridge between TradFi and DeFi

Institutional adoption is no longer a meme.

The world’s largest institutions are starting to be interested in bringing their products on-chain, but they often lack the infrastructure to do so.

Enter Rayls - a novel EVM blockchain built to unite Traditional Finance and DeFi

Just a few weeks ago, Kinexys by JPMorgan, the largest bank in the US, selected Rayls to participate in Project EPIC

Here’s all you need to know about it:

Project EPIC is a groundbreaking initiative exploring privacy and identity solutions for institutions
From a list of 5 major technology providers analyzed by Kinexys, Rayls is the only one that was found suited to meet all requirements
Rayls provides a comprehensive on-chain privacy and identity solution that combines end-to-end encryption, ZK proofs, and Merkle root attestations

Rayls stands out by leveraging the innovations of DeFi within a framework that respects the privacy, security, and regulatory compliance of TradFi.

On top of this, Parafin, the core developer of @RaylsLabs, has recently secured $10M in funding from top investors like Framework, ParaFi, and Circle.

This brought the project’s total funding to a whopping $38 million, showcasing strong investor confidence in the project.

Learn more about how Rayls unifies TradFi and DeFi!

This Week’s Airdrop Opportunity🪂

Swap your stablecoins to Resolv’s USR or RLP

Resolv is a tokenless delta-neutral stablecoin project with a novel dual-token model.

It currently has $30M in TVL.

Its stablecoin, USR, is backed by staked ETH and a short ETH position in order to achieve stability and generate yield from funding rates.

What makes Resolv special is that all risks associated with its delta-neutral strategy are isolated from USR and channeled into RLP, a tokenized protection layer.

How to farm Resolv airdrop (my favorite 2 strategies):

Buy RLP on Resolv and hold it - The rewards for holding RLP are currently 43% APY from funding rates + 10 Resolv points per 1 RLP/day
Buy USR on Resolv and provide it as liquidity on Spectra - By doing that, you’ll earn ~29% APY from yield trading fees + 30 Resolv points per 1 USR/day

RLP holders are earning a higher yield than the USR stakers.

But if the funding rates for shorting ETH turn negative, RLP holders could incur a small loss. However, this is unlikely to happen in a bull market.

You can check out Resolv here.