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July 07, 2024

DeFi Alpha: Symbiotic Restaking Guide

Together with

the-defiant

gm Defiers! Here's today's alpha:

  • Market analysis (oversold bounce)
  • Dispatch from the trenches (Pendle, Maple and more)
  • Triple Airdrop Tutorial: EtherFi + Symbiotic + Veda

Market Analysis

Crypto markets broke down last week as Mt Gox fears and German government sales battered investor sentiment.

Bitcoin briefly traded as low as $54,000, while ETH and SOL cratered to $2850 and $122, respectively. While markets bounced into the weekend, risk remains high until some broken support levels can be recaptured.

Almost all of the 100 digital assets posted weekly losses, led by CoreDAO, Fantom Lido and PEPE, which plummeted nearly 20%.

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