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
Eigenlayer Airdrop - Phase 2 of Season 1 EIGEN Airdrop will go live in the coming days
Synthetix Deployment on Arbitrum - SynthetixV3 will finally be launched on Arbitrum this week
Ethena’s ENA Token Economics and Staking Update - Ethena will announce a major token economics and staking update on June 17th
Pryzm Mainnet Launch - Pryzm, an innovative layer 1 blockchain for yield farming, is live on mainnet this week. Pryzm L1 is focused on yield farming tokenization and trading.
Macro Events - US retail sales data to be released on Tuesday
GMX V2.1 Released - GMX V2.1 is rumored to be released sometime this week
Stable Jack Launches - Stable Jack, the New Stablecoin Hub on Avalanche, Launches on June 20
WINR Chain Testnet Released - Decentralized gambling infrastructure project WINR will open WINR Chain mainnet and WINR v2 testing this week.
StepnGO Launches — New crypto social lifestyle app StepnGO from the creators of STEPN is launching on June 19th.
This week's airdrop opportunities
Leverage Integration with Contango
Contango is an innovative DeFi protocol that allows you to loop 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.
2 strategies I like on Contango:
Deposit funds into the sUSDe/USDT pool via Morpho — and 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.
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.
