Adrian's DeFi Alpha #5: $DEAI | io.net | Avalanche Memecoin Rush | Milkyway
Definitely no financial advice, just insights based on my own journey in DeFi.
Hello there, Friend,
Feeling swamped between work and personal projects? No worries, I've got your back. Being in DeFi since the early days has armed me with insights I can't wait to share with you.
Here's the value you'll unwrap in this newsletter:
A spotlight on the most important market updates.
4 Alpha insights you can bank on.
All in a concise, 5-minute digest. No ads, no fluff. Pure insights from my firsthand DeFi exploration.
Let's dive in!
Market Pulse
Casting light on the dramatic swings and strategic plays in Crypto.
EU Bans Anonymity in Crypto Transactions
The European Parliament's key committees have green-lit a proposal to eliminate anonymous cryptocurrency transactions via hosted wallets. This initiative, part of the broader Anti-Money Laundering directive, aims to tighten the grip on cash and anonymous digital payments. Custodial wallets provided by third parties like Exchanges are directly targeted. This has caused a debate: some view it as an invasion of privacy, while others shrug it off as a minor inconvenience.
Bitcoin ETFs Witness Unprecedented Outflows
The past week has been a rough ride for Bitcoin ETFs, with a historic $880 million outflow over five days. This downward trend was significant enough to cause some panic among investors and analysts alike. Grayscale's GBTC was hit hard, likely feeling the aftershocks of Genesis's liquidation.
Alpha Insights
Your blueprint for finding alpha in Crypto.
Alpha 1: Zero1
Zero1 is hyped as a new Decentralised AI (DeAI) ecosystem. It’s a collaborative brainchild of devs from renowned projects like @wormholecrypto, @solana, @SeiNetwork, & @OrderlyNetwork, aiming to fuel the decentralized AI dApps revolution.
Zero1 Ecosystem Breakdown:
Keymaker: The gateway to decentralized AI, ensuring seamless access.
Cypher Chain: Robust infrastructure laying the groundwork.
Zero Construct Program (ZCP): The incubator nurturing innovation.
Zero Economic Framework: Economic underpinnings driving growth.
Tokenomics & Staking Perks:
$DEAI Token: Heart of Zero1, usable to pay gas fees for transactions, dApp rewards, and boasting deflationary traits.
Stakers get airdrops, early access to ZCP projects, and staking rewards.
Market Snapshot:
DEAI is a formidable competitor, currently priced at $0.6 with a $60M market cap, suggesting a great opportunity for early adopters.
Direct comparison to TAO
Price $0.6 Current MC - $60M Current FDV - $600M
Price $620 MC - 4B FDV - 12.9B
Alpha 2: io.net - The Internet of GPUs
Dubbed the "Internet of GPUs," io.net is a decentralized network that slashes costs for machine learning engineers.
io.net in Focus:
AI Compute-as-a-Currency: A groundbreaking approach to utilizing GPU resources.
Generative AI's New Backbone: Working with NVIDIA GPUs, io.net is ready for advanced AI/ML workloads.
A Decentralized Computing Behemoth: With a formidable array of over 62K GPUs, 11K CPUs, and more than 4K clusters, supported by nearly 110K workers, io.net is currently unmatched.
Why io.net will be a high performer in DePin:
Unparalleled Scale and Efficiency: Outshining @rendernetwork with 15 times the GPU capacity and eclipsing @Filecoin with 62 times that, io.net stands alone in its capability.
Singular in Scope: It is the only network designed to manage large-scale AI/ML tasks, establishing itself as the backbone of decentralized AI.
Democratization of Access: By aggregating GPUs from overlooked sources, such as crypto miners and data centers, io.net dismantles barriers, granting machine learning engineers affordable, scalable compute power on demand.
io.net could make top-tier GPUs accessible to everyone, drastically reducing costs. They’re able to achieve this by aggregating GPUs from underutilized sources like crypto miners, data centers, and hardware networks like Filecoin & Render. This enables them to give engineers access to massive amounts of on-demand computing power in a system that is accessible, customizable, cost-efficient, and easy to implement.
Their Galxe campaign is still ongoing, you can check it here: link
Alpha 3: The AVAX Memecoin Rush: A Deep Dive
The Avalanche Foundation is reigniting the DeFi and crypto community's excitement with the launch of Memecoin Rush, a $1M liquidity mining incentive program. Kicking off with phase one, this initiative aims to boost liquidity and momentum for the thriving Memecoin ecosystem on Avalanche.
Unveiling Phase One
The inaugural phase of Memecoin Rush takes off with two flagship Avalanche-native platforms, SteakHut and Trader Joe.
SteakHut & Trader Joe: Leading the Charge
SteakHut emerges as a pioneer in active liquidity management and decentralized market making. It's setting the stage for liquidity providers by offering rewards for community coins like Coq, NoChill, Tech, and Kimbo across specified pools (COQ/AVAX, NOCHILL/AVAX, KIMBO/AVAX, TECH/AVAX).
Trader Joe introduces an innovative approach with single-sided, time-locked staking vaults, catering to tokens that meet specific holder and market cap criteria. This approach not only incentivizes liquidity provision but also introduces a competitive element with points and leaderboards, offering bonus multipliers and rewarding participants with AVAX and other tokens.
Empowering Community Coins
The Avalanche Foundation's commitment to community coins underscores the program's broader vision. By acquiring and supporting a diverse range of community coins, the Foundation is fostering a rich ecosystem that reflects the multifaceted nature of Web3 and crypto communities.
Getting Started
To join on this, simply add liquidity to the specified memecoin pairs on Steakhut or engage in meme vault staking on Trader Joe. This initiative is a good opportunity to engage with Avalanche's dynamic DeFi protocols.
Alpha 4: MilkyWay & $MILK Airdrop
MilkyWay offers a liquid staking solution for Celestia’s $TIA, mirroring successful models like Lido and Jito. Here’s why you should pay attention:
Generous APR: 14% on staked $TIA, plus exposure to lucrative airdrops.
mPoints Program: Earn significant rewards by holding milkTIA and engaging in DeFi activities.
Fundamental Strength: Despite market fluctuations, demand for liquid staked TIA remains robust, making the $MILK airdrop a lucrative target for investors.
Qualifying for the $MILK Airdrop:
Joining the $MILK airdrop is straightforward:
Stake $TIA with MilkyWay to receive milkTIA tokens.
Hold milkTIA to earn mPoints, at a rate of 1 mPoint per milkTIA per day. Engaging in DeFi activities boosts this rate to 1.2 mPoints per day.
Rank in the mPoints Leaderboard: The total $MILK supply allocated for the airdrop is 10%, with distribution based on mPoints accumulation.
If you want to support me: Here is my Referral Link
milkTIA DeFi opportunities:
Wrap Up
This week’s essentials:
The AI revolution is defining once again the winners in crypto, with DeAI & DePin at its core.
Zero1 is an interesting decentralized AI opportunity, with $DEAI staking offering a gateway to numerous perks.
IONet’s scalability positions it maybe as the backbone of decentralized AI.
Avalanche’s Memecoin Rush is set to bring more traction to the community coin ecosystem.
MilkyWay’s $MILK airdrop presents a good opportunity for Celestia stakers.
When you're ready to dive deeper, here's how I can help:
Join my Community for the fastest DeFi and Airdrop Alpha.
Book a free 15 min intro call here for personalized consulting, market research, and portfolio analysis.
Meme of the week
Hope you always got a little Cash on the sideline!
Till next time, stay safe!
Adrian