MakerDAO Mulls Proposal To Boost DAI Savings Rate

Blend Drives Surge In NFT Lending Activity

Hello Defiers! This is a recap of our latest DeFi Alpha Call that took place on 10/11/2022 in Discord.

who have joined us over the last two weeks! Join 

 active crypto enthusiasts by subscribing.

Everyone is trying to predict the Fed’s next move. In fact, I believe that the majority of investors are holding out hope that the economy will show symptoms of weakness so that the Fed will be less aggressive with rate hikes.

This is the worst year for stock markets in at least 

We’re in a phase where good news/data results in a selloff and vice versa

Crypto continues to hold up better than equities

Inflation numbers tomorrow and retail sales on Friday could move the markets. Today’s Fed 

 showed that the central bank intends to continue raising interest rates until inflation is tamed.

Most of the time, when the markets are calm and trade in a tight range for a prolonged period, this is followed by range expansion. You can think of the market as building up energy for a larger move.

The pattern of higher lows followed by higher highs continues. So until this is broken, it’s premature to call the top.

From a purely technical point of view, everything looks bad because all the key moving averages have been broken and the 200-day moving average is now firmly pointing down. At this point, I would say that any long trades are more tactical than long-term bets.

If macroeconomic conditions get worse, the markets have plenty of room to fall.

One of the most widely-followed rules of technical analysis is that the 200-day moving average is the line in the sand between a bullish market and a bearish market for any asset.

 will be the focus of one of the upcoming calls. Exclusive to premium Defiers. Stay tuned for details.

Spot and Derivatives volumes on exchanges are up month over month.

Surprisingly, crypto is still holding up better than stock markets.

Following the dollar more than anything else.

In terms of signals, I’d say it’s pretty much the same as last week.

I still think that we’re oversold on multiple timeframes and up is more likely than down from these levels, in my opinion.

 being investigated by the U.S. Securities and Exchange Commission.

 is back with new art and it looks far better than the original. The team handed off development to an outside party.

 There has been a resurgence in activity, with about 2,600 ETH trading in the past week alone.

MAKER is up nearly 30% in the past month, DeFi’s best performer by far

SUSHI is up 15%, having given up some gains after some astonishing allegations against its newly-appointed Head Chef.

Keeping an eye on MATIC. It’s been relatively strong and there is a lot of building going on Polygon, from gaming to classic DeFi.

 an enhanced ETH staking rate of 10.7% APY with icETH by Index Coop.


 up to 93% APR on stETH with KyberSwap on Optimism

DeFi, NFT & Web3 Insights – The Defiant

⍺ DeFi Alpha: Earn Up To 93% APR On stETH With KyberSwap On Optimism

Yields: Up to 22% APR on Stablecoins, 16-51% on ETH and BTC DeFi Alpha is a weekly newsletter published for our premium subscribers every Friday, contributed by Defiant Advisor and DeFi investor at 4RC, DeFi Dad, and our Degen in Chief yyctrader. It aims to educate traders, investors, and newcomers about investment opportunities in decentralized finance, as well as provide primers and guides about its emerging platforms…

If you find this summary helpful, please share it with a friend!

Timestamps

00:01 Market Overview

01:24 Bitcoin

02:07 USD

02:22 Week Ahead

03:53 MAKER

05:19 Moving Averages

07:13 ETH

08:20 Positioning

08:55 Volumes on Exchanges

11:16 Volatility Signals

13:08 NFTs

16:50 DeFi Coins

20:01 MATIC

21:33 Tutorial...

DeFi Alpha Call #22 Recap