Yoyoyo GMGM Happy Monday and welcome to Alpha Ape #1.
Every Monday we’ll be giving you a collection of:
• Alpha tweets,
• Up-and-coming projects
• Governance proposals
Without further ado pen and paper at the ready, let’s jump right in.
Remember: Nothing in this newsletter is financial advice and is purely for entertainment purposes only. The projects mentioned are just interesting finds.
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The TLDR
• Top Tweets – Karl_0X drops the alpha phone notes Tweet for December, Bitboy the bounty hunter but don’t forget he dumped on you, SBF’s purchase of the 26th smallest bank and 3AC get a dose of real talk
• Might be Something – 3 future projects to keep an eye out for including Wen Llamas, CamelotDex and NFTPerp
• Governance Proposals – Polygons proposal to GMX, Abracadabra needs the help of Sushi and Lyra’s potential move to Arbitrum & GMX integration
• Updates on the bloc – Stable Diffusion 2 expert required + How TapiocaDAO is changing the airdrop game
🔥 Top Tweets
The whats what of whats going on in December
Internet user Bitboys begins his“redemption arc”
In a wild turn of events
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/AaronBremser_/status/1596651881908293632?s=20&t=iRXu73FD1_F96-5Sx2eUuw”,”full_text”:”Wasnt the FBI who pulled up on SamnnWasnt the CIAnnNot even any law enforcement nnIt was @Bitboy_Crypto nnWhat A Time To Be Alive”,”username”:”AaronBremser_”,”name”:”Aaron Bremser”,”date”:”Sat Nov 26 23:47:27 +0000 2022″,”photos”:[],”quoted_tweet”:{},”retweet_count”:299,”like_count”:2243,”expanded_url”:{},”video_url”:null,”belowTheFold”:true}”>
Wasnt the CIA
Not even any law enforcement
It was @Bitboy_Crypto
What A Time To Be Alive
When in reality
Bro… you went on holiday and waddled around taking a few photos.
Calm down.
Let us not forget
I received this a while back by posing as a project interested in a promotion.
🧵 👇
He can’t afford a good set of wheels but buys a bank?!
FTX invested $11.5M into Farmington State Bank, the 26th smallest bank in the country with only 3 employees with a net worth of only $6M
“It’s hard to believe that regulators would have knowingly allowed FTX to gain control of a U.S. bank”
And there’s more to it
Whilst he rides his knight to D6…
JUST IN: Sam Bankman-Fried and FTX executives donated $70 million to US politicians for midterm elections, weeks before filing for bankruptcy, Bloomberg reports.
Real talk
8) move to a non-extradition country, wait for someone else to blow up, larp
don’t let these guys come back, what they’re doing is disgusting. Struck out in FX, struck out in crypto. Go strike out somewhere else next
During Jun both Kyle + I were on the brink
My humble suggestions
1) let yourself be surrounded by loved ones, you are not a burden
2) avoid alcohol, medications
3) get sunlight
4) limit screen time
5) talk to old friends
6) take it day by day
😡🤦♂️ becareful of the larps
“Influencers” like BitBoy and Ran Neuner have a storied history of shilling absolute scams and dumping on their own followers
By following these people, or reading their tweets, or watching their videos, you are asking to be burned.
Don’t complain later!
Bitboy, Nawfal and other sketch crypto influencers’ strategy right now basically amounts to:
“Let me find as many followers in the bear who are dumb enough to believe my FUD; these same folks will listen to my calls in the bull, and I can dump on them.”
A bullish case for the Polygon team
This reduces career risk for web3 initiatives. There used to be a business saying, no one gets fired for buying IBM
And something for you Arbi bulls
Finally found my home in Arbitrum. Why am I spending 90% of my research time there?
A thread 🧵 👇
👀 Might be Something
…but then again could be nothing. Here are a collection of up-and-coming projects to keep an eye on anon.
1) Wen Llama?! NFT
Exciting, utility-based NFT’s aren’t something you would associate with the Curve or Convex ecosystem which is where the giga team behind Wen Llamas steps in. Check out their first Medium article here.
TLDR, 1,111 manually curated LLamas will be minted at 0.01 Eth where 100% of the minting fees are used to purchase CRV and CVX which will be locked away as veCRV and vlCVX in the community multi-sig.
Each Llama can level up to earn badges and medals which give special rewards and judging by this Tweet whitelisting is coming soon.
Oh and the team includes Curve and Convex devs.
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/WenLlama/status/1592980739414724608?t=P_b7GYkBsFemn8ThWBQGMw&s=19″,”full_text”:”The Llamas are excited to present our first medium article! Please give it a read and enjoy the llama alpha llama frens!nnmedium.com/@the_llamas/th…nn#thellamas $CRV $CVX $crvUSD #NFTs“,”username”:”WenLlama”,”name”:”The Llamas”,”date”:”Wed Nov 16 20:39:39 +0000 2022″,”photos”:[],”quoted_tweet”:{},”retweet_count”:38,”like_count”:110,”expanded_url”:{“url”:”https://medium.com/@the_llamas/the-llamas-introduction-f3bb68a17186″,”image”:”https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/b6c4ce4a-852d-43be-b5a4-d245e22d3acb_1200x623.png”,”title”:”The Llamas: Introduction”,”description”:”Introduction & Motivation for Creating The Llamas”,”domain”:”medium.com”},”video_url”:null,”belowTheFold”:true}”>
#thellamas $CRV $CVX $crvUSD #NFTs
Additional Resources: Twitter | Medium | Whitelist | Co-Founders Twitter
2) CamelotDEX on Arbitrum
Camelot is an ecosystem-centric Arbitrum DEX with the goal of being Arbitrums #1 native dex by “enabling protocols to have a high degree of flexibility and control over their own liquidity.”
TLDR, It’s aiming to be a dapp that acts as a hub for other protocols and users to bootstrap liquidity. What makes it unique is it’s a dual AMM enabling you to make volatile (uniV2-like) and stable (curve-like) swaps.
Partners and pools include the likes of GMX, Umami, DAOJones, MIM and GMD with Genesis pools already live. Yield hunters should check this thread as it explains the why behind it being so special.
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/CamelotDEX/status/1596507347568201734?s=20&t=QztyvT5TDwsOdMfRyhW8Wg”,”full_text”:”We’re proud to announce we’ve now hit $8M TVL ⚔️nnTo learn why our Genesis Pools provide a novel yield opportunity for @arbitrum users, read this thread from our Wizard Co-founder now ⬇️ “,”username”:”CamelotDEX”,”name”:”Camelot”,”date”:”Sat Nov 26 14:13:07 +0000 2022″,”photos”:[],”quoted_tweet”:{“full_text”:”In the past 3 days since our launch, @CamelotDEX Genesis Pools have grown from $0 to over $7M in TVL.nnBut what exactly makes depositing in these pools perhaps the largest yield opportunity on @arbitrum today?nn🧵 1/7″,”username”:”0xmyrddin”,”name”:”0xMyrddin”},”retweet_count”:2,”like_count”:26,”expanded_url”:{},”video_url”:null,”belowTheFold”:true}”>
To learn why our Genesis Pools provide a novel yield opportunity for @arbitrum users, read this thread from our Wizard Co-founder now ⬇️
In the past 3 days since our launch, @CamelotDEX Genesis Pools have grown from $0 to over $7M in TVL.
But what exactly makes depositing in these pools perhaps the largest yield opportunity on @arbitrum today?
🧵 1/7
Knights of the round table, keep these dates in mind:
Additional Resources: Overview Medium | Twitter | Quest Thread | Tokenomics | Genesis Pools
3) NFTPerp Beta Mainnet goes live
NFTPerp is a perps future dex for NFTs so that we can go 5x long or short on our favourite (or most hated) bluechip NFT Collections.
Beta went live on mainnet last Friday 25th November and it’s head to head, Punks vs Apes to begin with as private beta testers can use the platform to make realised gains.
The NFTPerp team has managed to bring on board some giga brain advisors including @Crypto_McKenna, @benroy__, @n2ckchong and @benlakoff.
TLDR, the first dex to trade futures with up to 5x leverage to go long and short on bluechip NFT collections.
They use “vAMM (virtual automated market maker) under the hood, originally designed by Perpetual Protocol.” This basically means no liquidity provider is needed, no order book and in true PvP fashion, one trader’s gain is another trader’s loss.
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/nftperp/status/1596142598384910336?s=20&t=q_WYZ54fpjCL2WSVXZ5k5g”,”full_text”:”Beta Mainnet is officially LIVE! 🥂nnThat’s one small step for @nftperp, one giant leap for NFT degenerates. nnIn our private beta, tradooors can officially trade using real ETH and realize actual gains and losses. “,”username”:”nftperp”,”name”:”nftperp.xyz”,”date”:”Fri Nov 25 14:03:45 +0000 2022″,”photos”:[{“img_url”:”https://pbs.substack.com/media/FiabMdnagAAj51Y.jpg”,”link_url”:”https://t.co/GUCk58m5mo”,”alt_text”:null}],”quoted_tweet”:{},”retweet_count”:57,”like_count”:155,”expanded_url”:{},”video_url”:null,”belowTheFold”:true}”>
That’s one small step for @nftperp, one giant leap for NFT degenerates.
In our private beta, tradooors can officially trade using real ETH and realize actual gains and losses.
Additional Resources: Docs | Twitter | Roadmap | Seed Investor Thread
Other Notable Projects and Events
-
ParaSpace NFT is the first cross-margin NFT financialization protocol with investment coming from Sequoia, Coinbase Ventures, Pantera, and Polychain Capital, to name a few, and is developed by the Parallel.Fi Team. Currently in an open testnet phase.
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/ParaSpace_NFT/status/1579677235833090048?s=20&t=5-gsZLtv8tKURuH51mtNEQ”,”full_text”:”The Cross-Margin NFT Lending Protocol that you have been secretly craving for.nnTime for a sneak peek:nn para.space “,”username”:”ParaSpace_NFT”,”name”:”ParaSpace”,”date”:”Tue Oct 11 03:36:16 +0000 2022″,”photos”:[{“img_url”:”https://pbs.substack.com/media/FewkESnaMAAIvbu.jpg”,”link_url”:”https://t.co/1rdtl2ufld”,”alt_text”:null}],”quoted_tweet”:{},”retweet_count”:2,”like_count”:20,”expanded_url”:{},”video_url”:null,”belowTheFold”:true}”>
The Cross-Margin NFT Lending Protocol that you have been secretly craving for.Time for a sneak peek:
-
GammaSwapLabs wen lunch?! Soon, you can sign up on their website to be notified.
-
NFTScoring is evolving into Singular.xyz, a marketplace for a new era of NFT trading. Currently invite only but they may be dropping additional waitlist codes.
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/NFTScoring/status/1593427931509956610?s=20&t=3rdHd5BYvyOwI4nUZgwaeg”,”full_text”:”// THE BEGINNINGnnIn Sept 2021, we launched NFTScoring as a side project to explore the exciting world of NFTs.nnSee how the first version looked when we launched it on @ProductHunt.nn*If you’re not embarrassed by your MVP, you launched too late.*nn2/11nn”,”username”:”NFTScoring”,”name”:”NFTScoring ⚪️”,”date”:”Fri Nov 18 02:16:37 +0000 2022″,”photos”:[],”quoted_tweet”:{},”retweet_count”:4,”like_count”:32,”expanded_url”:{“url”:”https://www.producthunt.com/products/nft-scoring”,”image”:”https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/75fa21a2-ea5b-457c-a024-4be8435a968f_1024x512.png”,”title”:”NFT Scoring – Product Information, Latest Updates, and Reviews 2022 | Product Hunt”,”description”:”NFT Scoring tracks and analyses all NFT projects. It is the tool for proper market research that helps you to discover new promising projects. NFT investments backed by data.”,”domain”:”producthunt.com”},”video_url”:null,”belowTheFold”:true}”>
In Sept 2021, we launched NFTScoring as a side project to explore the exciting world of NFTs.
See how the first version looked when we launched it on @ProductHunt.
*If you’re not embarrassed by your MVP, you launched too late.*
2/11
👨💻 Governance Proposals
Polygon 🤝 GMX
→ Proposal 1180 ←
There’s no denying the Polygon BD team has been hard at work in ‘22. Hamzah Khan, the Head of Defi at Polygon recently submit a proposal to “invite the team to launch GMX on Polygon PoS” whilst name-dropping “Robinhood App” which Polygon partnered with back in Sept ’22.
Here’s why this could be big for GMX:
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/crypto_condom/status/1595552555999838208?s=20&t=4civ6xuSa5NZG-f42L1Zrw”,”full_text”:”@RobinhoodApp users are degens to the core. nIF integration of the $GMX perp platform occurred on the RH wallet…revenue & OI for $GMX could skyrocket….as could the TVL + new users to @0xPolygonDeFi. 🍌”,”username”:”crypto_condom”,”name”:”CryptoCondom”,”date”:”Wed Nov 23 22:59:07 +0000 2022″,”photos”:[],”quoted_tweet”:{},”retweet_count”:2,”like_count”:17,”expanded_url”:{},”video_url”:null,”belowTheFold”:true}”>
IF integration of the $GMX perp platform occurred on the RH wallet…revenue & OI for $GMX could skyrocket….as could the TVL + new users to @0xPolygonDeFi. 🍌
Lyra 🤝 Arbitrum
→ Leap 38 ←
Liquidity is drier than a raisin right now and Lyra is acting smart by listening to the community and acting in “response to user and integrator requests for an Arbitrum deployment.”
TLDR, deploy on Arbitrum, use GMX perps as liquidity to further grow the project and protect it from major downturns in the market.
PS. We wrote this What is Lyra Finance guide back in Sept ‘22.
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/lyrafinance/status/1596279444830027778?s=20&t=4civ6xuSa5NZG-f42L1Zrw”,”full_text”:”A proposal to deploy Lyra on @arbitrum, integrating with @GMX_IO as the source of liquidity to collateralize and delta hedge the AMM is now live. nnRead more below 👇 nleaps.lyra.finance/leaps/leap-38“,”username”:”lyrafinance”,”name”:”Lyra”,”date”:”Fri Nov 25 23:07:31 +0000 2022″,”photos”:[],”quoted_tweet”:{},”retweet_count”:42,”like_count”:191,”expanded_url”:{“url”:”https://leaps.lyra.finance/leaps/leap-38″,”title”:”LEAP-38: GMX hedging and deploy on Arbitrum”,”description”:null,”domain”:”leaps.lyra.finance”},”video_url”:null,”belowTheFold”:true}”>
Read more below 👇
leaps.lyra.finance/leaps/leap-38
Abracadabra 🍣 needs Sushis’s help
→ Proposal 11445 ←
Users’ funds are at risk from the:
1) yvcrvstETH cauldron due to a faulty oracle and;
2) cvxRenCrv cauldron due to the “recent developments on the deprecation of Ren Bridge v1 make us uncertain on what the best path forward is with this kind of collateral.”
In return, xSushi holders get 35% of vault revenue by being ethical and supporting Abracadabra
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/crypto_condom/status/1596266358827728897?s=20&t=4civ6xuSa5NZG-f42L1Zrw”,”full_text”:”📢CALLING ALL $SUSHI Holders!nAn important governance proposal has gone live from @MIM_Spell on the @SushiSwap forum here: forum.sushi.com/t/emergency-pr…nI STRONGLY urge you to 🗳️ YES to this proposal to help ensure user safety. n🧵👇 “,”username”:”crypto_condom”,”name”:”CryptoCondom”,”date”:”Fri Nov 25 22:15:31 +0000 2022″,”photos”:[{“img_url”:”https://pbs.substack.com/media/FicQSzNXEAENLQG.jpg”,”link_url”:”https://t.co/z39GemFax8″,”alt_text”:null}],”quoted_tweet”:{},”retweet_count”:15,”like_count”:53,”expanded_url”:{},”video_url”:null,”belowTheFold”:true}”>
An important governance proposal has gone live from @MIM_Spell on the @SushiSwap forum here: forum.sushi.com/t/emergency-pr…
I STRONGLY urge you to 🗳️ YES to this proposal to help ensure user safety.
🧵👇
🤝 Here’s the Deel
and a quick word from our super awesome sponsors who help us make this all possible
If you are a builder in this space and are hiring a remote-first team take a look at one of our partners, Deel. They allow you to hire, manage, onboard, and pay from anywhere in the world without the hassle. Yes, Deel allows you to pay your team in crypto too…
🦧 Updates from the bloc
The latest thread
Something something giga brain technological thesis something something probably nothing something something but still needs to learn about it.
Hit us up in the discord or slip into the DMS if you know about stable diffusion 2
<div class=”tweet” data-attrs=”{“url”:”https://twitter.com/blocmatesdotcom/status/1596792437728739328?s=20&t=iRXu73FD1_F96-5Sx2eUuw”,”full_text”:”Can an idiot like me learn about #StableDiffusion2 nnIf so where?”,”username”:”blocmatesdotcom”,”name”:”blocmates. Behind on DMs apologies”,”date”:”Sun Nov 27 09:05:58 +0000 2022″,”photos”:[],”quoted_tweet”:{},”retweet_count”:0,”like_count”:9,”expanded_url”:{},”video_url”:null,”belowTheFold”:true}”>
If so where?
The latest podcast
In a time where innovation is at its most needed the team at Tapioca Dao (the first ever omnichain money market, spanning across 12+ EVMs built on LayerZero) is changing the game by revolutionising the way airdrops are done in the form of “oTAP aka airdrop options.”
Founder veMatt drops by to tell us more.
Tune in on YouTube or Spotify.
✍️ Feedback
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