Author: The DeFi Investor

Compiled by: TechFlow

Welcome to another edition of the Monday Alpha series. Here’s what I have in store for you today:

  • 9 major cryptocurrency events to watch this week

  • 2 little-known airdrop opportunities

Let’s take a deeper look.

Cryptocurrency events worth watching this week

  1. Eigenlayer Airdrop - Phase 2 of Season 1 EIGEN Airdrop will go live in the coming days

  2. Synthetix on Arbitrum - Synthetix V3 will finally launch on Arbitrum this week

  3. Ethena’s ENA Token Economics and Staking Update - Ethena will announce a major token economics and staking update on June 17th

  1. Pryzm Mainnet Launch - Pryzm, an innovative layer 1 blockchain for yield farming, is launching on mainnet this week. Pryzm L1 is focused on yield farming tokenization and trading.

  2. Macro Events – US retail sales data to be released on Tuesday

  3. GMX V2.1 Released - GMX V2.1 is rumored to be released sometime this week

  4. Stable Jack Launches - Stable Jack, the new stablecoin hub on Avalanche, will launch on June 20

  5. WINR Chain Testnet Released - Decentralized gambling infrastructure project WINR will open WINR Chain mainnet and WINR v2 testing this week.

  6. StepnGO Launches — StepnGO, the new crypto social lifestyle app from the creators of STEPN, is set to launch on June 19th.

This week's airdrop opportunities

  1. Leverage Integration with Contango

Contango is an innovative DeFi protocol that allows you to recycle anything on-chain.

It has some big backers, including Coinbase Ventures and ParaFi Capital.

The most interesting thing you can do with it is to use leverage to acquire credits from popular protocols like Ethena, EtherFi, and Renzo.

My two favorite strategies on Contango:

  • Deposit funds into the sUSDe/USDT pool via Morpho - earn Ethena points with up to 11.5x leverage.

  • Deposit funds into the weETH/ETH pool via Silo - Get Eigenlayer and EtherFi credits at a very low cost with up to 5x leverage.

In addition to these two strategies, there are dozens of other strategies on the platform. By using the platform, you can also earn Contango points.

  1. Use Catalyst to provide liquidity or use a cross-chain bridge

Catalyst is the first cross-chain DEX. During the bear market, it raised funds in a round led by Spartan Group. Recently, the Catalyst mainnet and its points program were officially launched.

There are two ways to earn Catalyst Points:

  • Bridge ETH or wETH using one of these 3 protocols: Optimism, Blast, and Base.

  • Providing WETH or ETH as liquidity on Catalyst

Its points program has been confirmed to last for a total of 10 weeks.

Catalyst has had less than $100k in trading volume in the past 24 hours, which makes me feel like this airdrop opportunity is currently severely undervalued.