Research Summary
The report discusses upcoming events in the crypto world, including airdrops, tokenomics updates, mainnet releases, and new launches. It also introduces Mercle, an incentive network leveraging on-chain identities and reputation, and discusses strategies on Contango and Catalyst, two DeFi platforms. The report concludes with a discussion on biases in the crypto market.
Key Takeaways
Upcoming Crypto Events
- Eigenlayer Airdrop: The second phase of the Season 1 EIGEN airdrop is expected to go live soon.
- Synthetix Deployment on Arbitrum: Synthetix V3 is set to launch on Arbitrum this week.
- Ethena’s ENA Tokenomics and Staking Update: Ethena will announce a major tokenomics and staking update on June 17.
- Pryzm Mainnet Release: Pryzm, a layer 1 blockchain for yield, will go live on mainnet this week.
- Macro Events: US Retail Sales data will be released on Tuesday.
Mercle’s Incentive Network
- House of Incentives Campaign: Mercle’s campaign is live, allowing users to unlock future $MRCL rewards by collecting MBADGEs and completing key actions.
- Community Before VCs: Mercle sold less than 5% of its token supply to VCs, intending to distribute ownership among the community participants.
- Partnerships with Top Projects: Mercle has partnered with notable names in Web3 including Polygon, Jumper Exchange, and SyncSwap.
Strategies on Contango and Catalyst
- Contango: Users can farm points from popular protocols like Ethena, EtherFi, and Renzo on leverage.
- Catalyst: Users can farm Catalyst points by bridging ETH or wETH using the protocol between Optimism, Blast, and Base, or by providing WETH or ETH as liquidity on Catalyst.
Biases in the Crypto Market
- Understanding Biases: The report discusses the importance of understanding and mastering biases in the crypto market to prevent errors and make informed decisions.
Actionable Insights
- Monitor Upcoming Crypto Events: Keep an eye on the upcoming crypto events, including airdrops, tokenomics updates, mainnet releases, and new launches, as they could potentially impact the market.
- Explore Mercle’s Incentive Network: Consider exploring Mercle’s incentive network and its House of Incentives campaign, which could provide future rewards.
- Consider Strategies on Contango and Catalyst: Evaluate the strategies on Contango and Catalyst, two DeFi platforms, for potential yield farming opportunities.
- Understand Biases in the Crypto Market: Gain a deeper understanding of biases in the crypto market to make informed investment decisions.
