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DeFi Alpha: Pendle Liquid Restaking Leverage Vaults by Contango

Together with

the-defiant

gm Defiers! Here's today's alpha:

  • Market analysis (more sideways action)
  • Dispatch from the trenches (MOTHER, TON and more)
  • Earn 40% APY on ETH using Contango’s leveraged Pendle vaults

Market Analysis

Crypto markets continued to trade sideways last week until Friday, when stronger-than-expected U.S. payroll data dashed investors’ hopes for imminent rate cuts. Most risk assets dropped as the dollar spiked.

The ECB and Bank of Canada cut rates last week, and all eyes will now be on the Fed, which will release its interest rate decision on Wednesday. The U.S. central bank is widely expected to leave rates unchanged (98% odds as of writing).

Most of the top 100 digital assets posted losses, with Celestia giving back all its gains from the previous week, suggesting it hasn’t quite found its footing yet. Celebrity memecoins appear to be the flavour du jour.

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