Markets are super boring, ETH and Defi are in a crisis. At least that’s the perception when you scroll your timeline.

I think this people are so negative, because they never educated themselves properly, ever there has been enough time. Only going for memecoins won’t earn you the bread when things don’t move as planned.

I don’t want to hate on memes again. They have their place in crypto, but if you really want to make it, you must also get the skills to move in all markets.

Therefore, I’m restructuring this newsletter in hope to get you the right information to better manouver in Defi. More to this in the Defi section.

DeFi Updates

I found a glitch in the Mantle Methamorphosis campaign. If you switch your LPs on a daily basis, you get Powder for the protocol you left and for the new pool.

For example, if you’re in an ETH/mETH pool on Cleopatra for one day and you get out the next day to deploy those funds in a Moe ETH/mETH pool, you’ll get the powder for both pools the next day.

If you do this every day, you earn double the powder.

If you’ve used Gammaswap, you can claim your airdrop. It’s done through 8 weeks and you can claim a portion every week.

The Llamas again…

DeFi

The last few weeks have been a very good environment for options and selling cash secured puts as well as covered calls. With these, you can make 20-60% APY

Of course, there’s more to options, but I don’t want to bore you with my writing. If you want to get more wisdom on options, Premia has some excellent educational contend.

https://academy.premia.blue/

So here’s just a quick overview to the two mentioned kind of options…

Cash Secured Puts:
You essentially lock stablecoins and sell put options, for example for ETH. This earns you a premium and you buy ETH at a specific strike price.

Lets say the SP is at $2000 and maturity of the options is Sep. 30th. There’re different scenarios how this can play out.

1. Price closes above the SP at maturity
   In this scenario, the seller of the put earns the premium and keeps the stablecoins.

2. Price closes below SP at maturity
   Now the seller of the put earns the premium and buys ETH at a price of $2000. Think of it like a limit order, but you earn the premium on top.
   The risk is that ETH could drop much further and you would have bought at $2k.

Covered Calls:
This is the other way around. You own ETH and you would sell it at the SP (lets say $2800) for stablecoins.

1. Price closes below SP at maturity
   Here, you keep your ETH and earn the premium.

2. Price closes above the SP at maturity
   Now you sell your ETH for $2.8k and earn the premium.
   The risk is that ETH could run even more and you might have to buy back higher.

As you can see these strategies are very good for a sideways market. Sell both, covered call and cash secured puts and if the price moves between the SP, you can earn on both sides.

Here are the protocols that I’ve tried the last weeks. Some of them even have nice automated strategy pools, which are nice for beginners. However, you should also trade options with some small funds to get the knowledge and another skill for your financial toolbox.

https://app.tymio.com/
https://app.thetanuts.finance/Trade
https://app.cega.fi/
https://app.gammaswap.com/
https://www.derive.xyz/home

Here’s my Notionsite to most of my farms where I get my yield from. I try to keep it as updated as possible.

Currently, I’m also trying some stuff on SUI. So far, I can’t find anything new and mind-blowing there, only the same copy pasta stuff. In my opinion, the resent SUI run is just hype driven and won’t last. But it’s a new coin, so probably will do fine when everything runs.

Macro

Rate cuts tomorrow bitches!

Things could get volatile. So stay safe and don’t do stupid stuff! Remember that you have to earn back what you lose.

I hope you enjoyed this shorter newsletter! Let me know if this is better or if you’d rather have a longer version.

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

Mantle Methamorphosis (Gets you 10% extra Powder):
https://meth.mantle.xyz/campaigns/methamorphosis/seggsy
Spot On Chain (Analytics Platform):
https://platform.spotonchain.ai/referral?code=0r3wi0eg6n33

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 or respond directly to this mail.