Research Summary
The report provides a comprehensive overview of the latest developments in the DeFi sector, focusing on new projects, updates, and market trends. It highlights the features of Holdstation, a smart contract wallet for futures trading, and discusses its potential impact on the transition from Web2 to Web3. The report also covers updates and upgrades in DeFi, including Aave’s GHO Passport and Rocket_Pool’s tokenomics overhaul. It further explores the latest news, on-chain data, macro metrics, and potential exploits and bugs in the crypto space.
Key Takeaways
Holdstation: A New Player in DeFi
- Introduction of Holdstation: The report introduces Holdstation, a smart contract wallet for futures trading. It allows for a wide range of trading, including cryptocurrencies and forex, with significant leverage. The platform also offers a DeFutures Vault with an APY of 270% and a stable 15% USDC yield.
- Holdstation’s Performance: The report provides key statistics about Holdstation, including a total trade volume of $373.8M, total fees collected of $235,053.10, and a total of 36,927 trades. It also mentions that the platform has over 120,000 downloads from iOS and Android with over 12K daily active users.
Updates & Upgrades in DeFi
- Aave’s GHO Passport: The report mentions the introduction of GHO Passport by Aave, a leading DeFi protocol. However, it does not provide further details about this feature.
- Rocket_Pool’s Tokenomics Overhaul: The report notes that Rocket_Pool, a decentralized Ethereum staking pool, is currently voting on a tokenomics overhaul. Again, the report does not elaborate on the specifics of this overhaul.
On-Chain Data & Macro Metrics
- On-Chain Data: The report provides various on-chain data, including a whale withdrawing 70,100 $AAVE($6.9M) from Binance and the steady increase in NFT volume over the past five weeks.
- Macro Metrics: The report mentions that in 2023, BTC is up +93% against gold and ETH is up 39% in gold terms. It also notes that U.S. October Jobs were up 150K, missing forecasts for 180K.
Exploits & Bugs
- Aave’s Vulnerability: The report mentions that Aave found a vulnerability in their v2 and paused contracts. It also notes that crypto exchange Bitfinex suffered a phishing attack.
Actionable Insights
- Investigate the Potential of Holdstation: Given the impressive performance statistics and unique features of Holdstation, it may be worth exploring this platform further for potential opportunities in futures trading.
- Stay Updated with DeFi Developments: The report highlights several updates and upgrades in the DeFi sector. Staying abreast of these changes can help identify emerging trends and opportunities in the space.
- Monitor On-Chain Data and Macro Metrics: The on-chain data and macro metrics provided in the report can offer valuable insights into the current state of the crypto market. Regular monitoring of these metrics can help in making informed decisions.
- Be Aware of Potential Exploits and Bugs: The report mentions several exploits and bugs in the crypto space. Staying aware of these issues can help in mitigating potential risks associated with crypto investments.
