@RiddlerDeFii
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Spiritually bridged & Shitposter Alchemist / Retired DJ & Co-founder @vc_strvcture
Joined March 2020
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How is your fomo doing?
Not too sidelined I hope 👀
$BTC is back above $85k, and Total has broken out of the $2.7T resistance as well
Bottom is in, a new bull market has begun
With the release of Astra, I've been seeing lots of projects come to life by vibe coders, mostly video games
Did you know that you could do the same with appchains with a crypto-native product?
And crypto brings this product the full list of benefits of open source database: size
I'm talking about @CNPYNetwork, if you haven't guessed already
You can deploy your vibe-coded app and put it onchain through Canopy's templates and familiar language AND inherit the shared restaked security
From there, you can have your project grow organically on Canopy, or move it toward an independent L1 form
The open-source nature of Canopy turns the apps created into more training data, which hones the agents precision and makes the next apps come out faster
And the positive feedback loop keeps on improving everything
▶️ They also have a $CNPY token
- Use it to pay gas and fees
- It's a security collateral that validators bond (slashing for misbehaving)
- Bonded CNPY can be restaked to expand security to new apps (nested chains)
- Validators and delegators get block rewards, and Nested chains can add their own incentives
- There's a DAO treasury getting a good share of block rewards for future incentives
- CNPY is also the unit for Terminal launches, graduation thresholds, and dual-asset staking after graduation
The chart is also beautifully bullish rn, and we're currently around $20M in market cap, with lots of room to grow in this current bull market
▶️ Two different trends are crossing
1️⃣ The cost of AI coding tools is collapsing and getting cheaper and cheaper
2️⃣ The cost of launching a chain is stable and still expensive
These two lines cross exactly where Canopy stands
You could vibe-code an appachain before for acceptable AI tooling costs, but it was pointless since you couldn't launch and secure it
Canopy makes that possible, finally breaking the flat line of chain launching cost to a turn
More teams than ever before will now be able to launch their own appchain, and with a rise in builders/users, a higher demand will follow for $CNPY (you need to restake and validate)
A classic 'When everybody looks for gold, sell shovels' type of situation
The fee burn and recycle system created by the actual app usage will add a nice extra positive feeback loop
Mainnet has gone live on the 9th of this month, you're still early to explore it
Decent bounce for $HYPE from the sub-$80 area, but I don't think it's going to be enough
I'm bullish on everything @HyperliquidX, but even the king can't go up forever
Hoping to see some retracement here to long again
Stocks-paired tokens are the hottest meta rn and for good reasons, they're the biggest defi innovation since years
Prime example: @envy_capital
This play on the TOMB system (an evergreen mooner on all chains) gives you a token play, $EQUITY to hold and stake to earn $ENVY
ENVY is paired with $NVDA, which it keeps parity with and should always be at the same price
Market cap of EQUITY rn is at ~$4M, pretty undervalued for an actual utility project based on the best moving stock out there
The screenshot szn is upon us 📸
Make sure to take profits along the way, or you'll quickly find out how most people lose money in crypto or fumble millionaires' gains
If you don't TP, how else are you gonna ape the next runner?
The @arc mainnet will likely be the next hyped meta
And there are some big projects ready to ride the wave on day 1 👇
@edgeX_exchange will be live with its 24/7 FX perps from the launch day (16th of September)
Yet another proof that perp DEXs are the top product of crypto
24/7 tradable forex, stocks, and commodities is the biggest revolution of this cycle, and the infra has evolved so much that it doesn't feel different from using centralized/traditional products
This and new random war acts are the type of news you get as soon as crypto sees a bit of green
Rip to the gains
Remember, $BTC bottomed probably, one last dip to load up before we go to Valhalla
You could win a Rolex on @RCKTFoundation while also making money 👇
If you know how to trade options, Rocket brought a finally good onchain options protocol
Most volumes across perps and options in September wins the rolex and 2x Points are live
beta.rocketfi.io?code=QTSE6A
To celebrate options going live, we’re putting a Rolex on the line.
Highest volume across perps and options wins it — and every trader you refer counts toward your total.
Starts September 1st.
Come compete.
rocketfoundation.io/campaign…
Beautiful monthly close on $BTC and the bulls are back
With people absolutely blasting @RobinhoodCrypto and making millions overnight
We might get one last choppy szn before the bull proper begins
Then we go straight to Valhalla
Pure madness ongoing on the HyperEVM after the new $HYPE ATH
It probably won't last, but it's nice to see the @HyperliquidX trenches light up once more
If you manage to be in profit here, take it, and shove it back to HYPE
You'll be glad 6 months from now
Are we still bullish on $PENDLE?
I look at this chart and see a double-bottom fully formed, right in the middle of a major bullish push for the entire market
Time to bid again?
We're finally seeing some green action on $WLFI
The market's definitely the one to thank for the big bullish push, but @worldlibertyfi has been shipping relentlessly as well
Both WLFI and USD1 have been doing some serious work in the past few months, and they're providing decent opportunities for yield and liquidity:
▶️ The USD1 RWA market campaign
Just announced, this campaign is going live on Aster and will have 125M WLFI (~$7.5M) and 6.25M USD1 in rewards are going to RWA traders on the DEX
Btw, that's only 50% of the reward pool, the rest will come right after this one ends
Worth checking the rules because there are point boosters to earn more rewards
▶️ The Binance USD1 campaign
Simple and neat, you hold USD1 on the exchange and earn up to 5.8% in WLFI APR
There is a total of 170M WLFI (~$10M) in rewards for those that hold USD1 in the spot funding margin futures and trade with it
▶️ Smaller campaigns
Mexc, Hertzflow, Gate, and Zebec all have smaller but worth-checking campaigns
While the reward pools for holding and trading USD1/WLFI are smaller, you're also competing with way fewer people here
▶️ The USA jumping into crypto
The Clarity Act and the opening of the US government to perp DEXs, crypto, and stablecoins is going to be a massive bullish push for anything Web3 and DeFi
But it will be even better for the US-based ones
With the Trump family directly tied to the success of WLFI, you can expect some great things to come for it before any other crypto project
A chart like this would have felt impossible only 2 years ago
And now it seems like it's about to have another majestic pump
IMO, many perp DEXs will completely collapse in the next 2/3 years, but this number will climb anyway
The biggest ones will absorb the small ones
Peak of Crypto gaming right here 👇
@castlearena launched a full MMORPG where you can meet friends, tip players, and gamble 50/50 PvP
Going to be super entertaining ⚔️
riddler retweeted
JUST IN: 🇺🇸 Nasdaq officially begins talks with regulators to enable 24-hour stock trading.