IgnasDeFi

From trading pre-TGE tokens to pre-IPO tokens, crypto really found a massive PMF.
- Institutional capital could deploy
- Democratizes access for retail
- Brings tx, fees, TVL onchain
Even more bullish where pre-IPO onchain assets LEAD price discovery.
Hyperliquid

Finally seeing 0-to-1 mechanics in crypto again.
Feels like since 2022 we've recycled similar models, but a few apps are actually building new mechanics this cycle:
- @papertrade_xyz: $PAPER mints when you lose trades, and the LP grows from those losses. Fair launch is great.
- @Euphoria_fi: tap-to-trade derivatives that are actually fun to play. Mobile-first contrasts with PC-optimized old DeFi apps. Gotta try before having an opinion.
- @hitdotone: 666x leverage but... on a random direction.
- @apyx_fi: stablecoin yield comes from preferred-equity dividends paid by public companies like MSTR

Dead bodies who longed $MEGA bottoms are gonna surface soon

Public request to MegaETH's World markets perp DEX:
Please add PnL info.
Such a basic thing, but why missing? @worldmarketsinc

What's the most interesting thing you read about crypto recently?
Please share!

I'm always amazed when equities and gold dump while crypto pumps.
Rarely happens. And often retraces hours later.
Will history be made today?

Hope MegaETH succeeds:
Mega still targets crypto natives with CT cultured marketing, airdrop terminal, token allocation to core communities etc.
While Tempo, Canton and other corpo-chains target institutions, payments RWAs while totally sidelining crypto natives.
If Tempo or Canton does well, does an average CT person profit much?
Nope.
Mega is our opportunity.

New blog post: The DeFi Degen’s Playbook for MegaETH Ecosystem
- Two Forces for Mega
- Why $MEGA?
- What others are saying
- Apps to try out
Read it here:

Teams lining up one after another to contribute to the rsETH recovery is one of the most wholesome moments in DeFi.
Reminds you what this space can actually do when it matters.

Now you can mute every topic except crypto.
CTmaxxing.

Arbitrum freezing funds protects L2 users from being treated as second-class in the Kelp recovery.
Kelp prioritizing mainnet over bridged assets sets a risky precedent with little upside. Freezing helps rebalance things by showing hacked L2 assets can be stopped.
Bridges should add fast freeze mechanisms for hacks too to trap hackers.
Yes, it’s more centralized but if you want maximum censorship resistance, use mainnet.

Kelp rsETH exploit is terrible due to extensive DeFi integrations.
Not sure how big the exposure is yet but:
- Aave V3: Markets already frozen
- SparkLend: Also froze the rsETH market
- Lido Earn via Mellow strategy meta-vault. I think it was a leveraged market
- Fluid: Frozen market
- Compound
- Euler
- Upshift: Paused High Growth ETH and Kelp Gain vaults
- Pendle PT YT tokens
- Some Beefy strategies. Yearn?
I suppose LayerZero is probably affected too, as rsETH were bridged from L2s, so I wonder if those rsETH on L2s aren't worthless right now.
The situation is still developing, so I don't w