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DeFi Alpha: Using Phoenix on Solana for a Potential Airdrop
gm Defiers! Here's today's alpha:
- Market analysis (more consolidation)
- Dispatch from the trenches (Renzo depeg, Fantasy.top and more)
- Phoenix DEX airdrop guide
Featured Yields and Hot Airdrops now have a dedicated section on the website!
Market Analysis
Last week’s nascent rally was cut short by a weak U.S. GDP report, which sent global markets tumbling.
However, not much has changed in the bigger picture, as Bitcoin continues to trade within the $60K-$68K range that has largely contained it since early March.
Notably, ETH hit a fresh local high above $3,300 on Saturday, with ETH/BTC rebounding sharply from a 3-year low.
Meanwhile, Bitcoin ETFs saw another week of net outflows.
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