My thesis is that we’re going to see a similar structure than 2021, which pretty much ended in August. This essentially means a little creep over the summer.

With the US elections in November, 3-4 months ahead, politicians could try to create a positive sentiment. This could also align with a small rate cut. Not that cuts would really change something, but everything that matters is psychology and liquidity.

So good times to acquire some more good tokens. At this time it’s probably the best to keep your hands on majors and keep it short with narratives.

Sideways markets like that tend to pump some narratives, which last shorter with each pump. People get frustrated and start doing dumb stuff. They lose right before the party really starts, because they can’t sit tight.

Risk management must be your highest priority right now!

DeFi Updates

Memecoins won’t lift a chain forever, even it doesn’t look like that at the moment. So it’s nice to see Solana maturing slowly in the Defi space.

The eco-system is missing a competitive stablecoin. YBX could become that.

mPendle could be a good pick. But don’t expect a rapid move. It’s more like a slow grind up. I got me a little, because of the better potential upside than Pendle itself.

Timeswap’s token TIME is about to launch in about 1-2 months. You can still get TIME incentives on the pools. No stupid points. You know what you get!

I’m not a big memecoin guy and I think they hurt the space more than most people think. However, there’re some funny ones like Boden and Tremp.

These ones go a little deeper and they’re some kind of political statement to our whole political system, not only in Murica. These two might run pretty wild coming closer to elections this year.

I had the same thought. People have been disappointed with the first drop.

At the moment there’re 514k registered users, but rising in the rank is pretty easy right now. Hold a few PARCL and you get a nice boost.

This is the play with most of the current points campaigns. Projects have more than just one season. When you collect 3 or 4 seasons, most drops are pretty good. People will get it when the second season of most projects are over and those are much better than the first ones. People just like missing out.

A nice dashboard for LRTs.

Investing

ETH ETF
I have no idea if there will be an approval or not on the 23rd, but one thing is sure… a denial is priced in already, but an approval not. Yea, there might be a quick bounce down when it gets declined, but not for long in my opinion.

Portfolio
• I added more ENA to the drop I got from the MNT staking. People are comparing Ethena with Luna… well, maybe (no, actually not). It has completely different mechanics, which doesn’t make it risk-free, but it will run hard this bull.

And again, I don’t know if it will still be here next cycle.

• bought mPendle like I already said

• I looped some PT-weETH (with ~22% fixed APY on Pendle) on Timeswap when the pool was fresh, which gave me a fixed interest of below 1% APR to borrow WETH. Currently, you get it for ~5%.

The downside here is that you can’t really go with big size now, because the rate would go up too much. For these opportunities, you gotta be quick!

Macro

No macro today, but Lyn Alden made a pretty cool video…

If you’re interested in one of the following projects, I appreciate if you’d use my code!

Rabby Wallet (Best EVM wallet):
https://rabby.io/rabby-points?code=SEXYLIFE
Aurelius Finance (CPD and Lending):
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Spot On Chain (Analytics Platform):
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HMX (Perp Trading, Arbitrum, Blast):
https://hmx.org/arbitrum/referral?ref=SEXYLIFE
Merkle Trade (Perp Trading, Aptos):
https://app.merkle.trade?ref=ISEOW51X
NFT Perp (NFT perp trading, Arbitrum, Blast):
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Parcl (Real Estate Perp):
mojolife

Stay Sexy!

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