- Mojo Report
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- Mojo Report #1
Mojo Report #1
Your weekly DeFi update. The good stuff, but not financial advice!
Finally the markets did something! Even it’s not in our favor… but that’s exactly what I was saying all the time.
Boring markets are the worst for most people, because there’s this constant urge to do something. And this is how they trade their portfolios to ZERO before the bull starts.
It’s actually super easy and yet most fail because of their emotions. Learn to control them! This is a once in a lifetime chance, don’t fumble this!
DeFi Updates
Rodeo doesn’t seem they have their security under control. Tbh I found this project really cool and have been in since the early alpha days.
But I’m out!
The Rodeo discord has been compromised, teams working on a fix
Please do not click any links in the meantime
— Rodeo (@Rodeo_Finance)
11:06 AM • Aug 17, 2023
Savvy is live and had its LBP accrued 321.77 ETH. I didn’t get in. I was waiting for a price below $0.4, which never came… but the protocol seems to be decent.
People bought in too high and are not willing to sell for the moment. Let’s see if we can get a good price for $SVY.
It’s a credit protocol that provides auto-repaying, 0% interest loans without liquidation risk.
It's finally here... $jUSDC is LIVE on Savvy!
Discover @JonesDAO_io's innovative yield strategy via Savvy to leverage projected yield without the risk of liquidating your $jUSDC collateral.
Talk about xtreme power...
Newcomers to $jUSDC read on👇
— Savvy DeFi (@SavvyDeFi)
4:13 PM • Aug 16, 2023
ThorChain still building and passed $100m daily volume. $RUNE has shown quite some strength! I’d keep an eye on it, especially because of the upcoming liquidation-less lending.
Congrats to the @THORChain team for their first day above $100m in volume.
That's quite an achievement. God knows the road to get there was not easy.
— TCB (@THORmaximalist)
11:43 PM • Aug 15, 2023
Tangible’s $PEARL wrapper CAVIAR is live. Nice idea.
But volume on Pearl is not as nice as the idea of a veToken wrapper. Let’s see if this changes.
The biggest issue for Pearl probably is that they’re only on Polygon.
But currently it brings around 190% APY in stables 👀
If they can hold this, they might draw a lot of liquidity.
CAVIAR IS LIVE: tangible.store/caviar
Get DeFi’s only single-staking token that pays out triple-digit yields in stablecoins. No lock-ups, exit at any time.
Buy $CVR with most major stables. Or mint 1:1 with $PEARL.
Luxury returns made simple.
CAVIAR twitter.com/i/web/status/1…
— Tangible 🏠💙 (@tangibleDAO)
8:05 PM • Aug 17, 2023
Project79’s GSP passed the $1m mark.
The Hydro Whales treasury amounts more than $5m and growing.
Keep an eye on Ocean Money, a crypto friendly neo-bank.
The million is behind us! Congratulations #GSP / @Project79Gold
— Brago (@Bragoverse)
8:04 AM • Aug 13, 2023
Strange stuff in the Parallax IDO. Nothing has been proven yet, but weird.
Parallax seemed to be a decent protocol, at least what I’ve seen in the alpha and beta testing.
I could understand IF they’ve bought their own coins. Working for a long time and nobody wants to get in. But when disappointment reaches a certain level, devs could be motivated to do dumb stuff. NOT saying they will!
IDOs are usually not worth entering in the first place btw.
So there is an IDO going on and it's going bad
Before the end of the 1st round sale, the team decided to whitelist a bunch of fresh wallets that bought the remaining 50% of the allocation
To be more precise they created 50 wallets and funded them from Binance
After the… twitter.com/i/web/status/1…
— DeFi Made Here (@DeFi_Made_Here)
12:54 PM • Aug 18, 2023
Investing
Perpetuals live from volume, that’s why they have had a tough time producing fees the last weeks.
Let me tell you, perps will flourish during bull peak when everyone suddenly becomes a trader. Your task is to find the good ones, so you can profit during the crazy times.
It’s a competitive market and a new perp pops up every day.
Monitor volume, users, fees, revenue and how the teams keep developing the platforms.
Macro
China looks BAD!
Even with all the BRICS thingy going on, China’s economy struggles and the situation could be similar to Japan’s in the 1990’s. And the Japanese market hasn’t seen ATH for over 30 years after that crash.
They basically made debt without real growth, because of their
64m empty apartments and a huge amount of non completed ones. The value of all those real estate adds up to 2x the Chinese national income.
A big part of the local administration has been the sale of land, which is around 35-95% of their budget.
A huge wave of debt is rolling towards China!
Furthermore, the youth unemployment rate goes through the roof. They even stopped reporting these numbers.
Preview
Next Newsletter I’ll give some insights on my bets.
You don't know what to buy?
Don't overcomplicate things.
Pick the best or the two best projects from each of these categories and you'll do pretty well in the next bull.
— mysexylife.eth (@My_SexyLife)
7:34 PM • Jul 18, 2023
Stay Sexy!
I’d appreciate if you give me some feedback and what you like to read in this newsletter, so I can provide the best value for you! Just send me a DM on X.