Here I’ll quickly share thoughts about the current situation of macro and DeFi based on threads written by bright minds on Twitter as well as my own conclusions.

1. The importance of tracking liquidity by tedtalksmacro

https://twitter.com/tedtalksmacro/status/1650832984306749441

What I really like about this thread is that Ted does not offer 15 new difficult and complex indicators for you to keep track of.

Instead, he eliminates complexity by explaining clearly and concisely the significance of one crucial indicator: Liquidity.

Check to see how it relates to Bitcoin prices and why.

Yes, there is more to macro than “just” liquidity. But it is probably a weighty factor.

For instance:

After the Covid Crash, crypto went through a monumental bull run.

So what justifies this surge?

An essential element may be:

Injection of liquidity by the FED.

Let’s take a look at the chart below:

Insane printing started early in 2020.

By analyzing this data, it’s clear why the inflation recently got so high, the huge bubble that was created, and the following collapse.

2. Market Overview by Alex Wacy

In this thread, Alex provides a market overview by taking a look at important data and facts such as:

• Silicon Valley Bank collapse and the consequences.

• NFTs volume decreases.

• Indicators and what they potentially mean to future price action.

3. Top 5 Dune charts of the week by The Data Nerd

A selection with some of the most relevant Dune Charts about Crypto and DeFi.

https://twitter.com/OnchainDataNerd/status/1650517270605471744

4. Macro Trends Overview by @ardnxt_xo

In this thread, arndxt shares untapped insights about the broad economy to help you get an edge.

He states: “Historically, the effects of the tightened monetary policy come in 12 to 18 months later.”

We’ve been through massive tightening in past months. In this write up, you’ll find a summary of what is happening to markets and what to expect.

Here is his overview:

https://twitter.com/arndxt_xo/status/1650559426296967168

Final Thoughts

That’s it for today. This is how I’m staying informed about the wide-ranging picture of finance crypto and other markets in general.

Hopefully you found something valuable in this list.

P.S.

I wrote an article about macro where I go through important key factors that weren’t mentioned here.

But most people don’t know how to properly evaluate token models.

Even professional teams.

It’s not so rare to see professional teams design low-quality coins.

So how do you identify great models and bad ones?

In this piece, I gathered 4 threads to make your tokenomics evaluation process much easier.

If you are a beginner or even a seasoned crypto investor/trader, you’ll likely find valuable concepts in this selection.

Here is the list:

1. Guide to evaluate potential good tokens by Zero Ika

Sometimes great projects have bad tokenomics.

And this could hurt your gains.

In this thread, Zero Ika helps us to evaluate tokenomics based on fundamentals so you don’t fall for low-quality coins.

2. The easiest guide to reading tokenomics like a pro by Stacy Muur

This is an excellent guide by Stacy.

Read to learn how to identify a sustainable token model and how to spot red (and green) flags.

3. Demand Side Tokenomics by Matty

If every team read this before launching a token, the quality of tokenomics in crypto would probably skyrocket, or at least I think it would.

Projects put too much weight on supply.

But without demand, tokens won’t sustain price in the long run.

A must-read thread by Matty and a must-watch talk by Nate.

4. Token Strength by Tokenomics DAO

If you like systems you’ll enjoy this one.

A great approach to evaluate token models.

Bonus

As a Bonus, here is a great article by Robin Ji from Liquifi that covers token distributions of web3 projects over the years:

Liquifi — token vesting and allocation.

I personally find it quite useful and use the benchmark often as a starting point.

Tokenomics is not an exact science, people use different names for allocations, and distribution percentages change over the years. But having a benchmark to look at helps in the evaluation process.

Token Distribution Benchmark From Liquifi article

https://www.liquifi.finance/post/token-vesting-and-allocation-benchmarks

Last Remarks

Protocols are not restricted only to tokenomics, but it definitely plays a big role.

So taking the time to study token models with depth is probably not a bad idea.

And automating it all with a repeatable **process **can be useful to save time so you don’t have to come up with a set of questions every time you evaluate a new token.

It can be as simple as a spreadsheet with a set of fundamental quizz about each token. For instance:

• What is the utility? Is it a meaningful utility?

• Is the initial distribution fair?

• Is it highly inflationary?

• What is the circulating supply?

And each one gets a score based on its weight.

Demand matters more than supply.

In the end, you should be able to come up with an overall score of tokenomics and a repeatable process.

And to sum up, this list provides valuable sources to improve research quality.

Some of the concepts presented are new to me and I’m looking forward to implement them in my research process, as well as double down on the basics.

With only 24 hours in the day, it’s virtually impossible to test everything.

Trial and error takes time, effort and money.

So how to sort through the clutter?

I strongly believe that looking closely at the behavior of successful people is a great starting point.

One of the advantages of blockchain is that you can verify results.

There is no need to trust.

So in this piece, I decided to hunt for the best alpha wallets I could find and look for patterns I could learn from.

To follow along, here are the research tools you’ll need:

• Arbiscan

• Etherscan

• DeBank

• Dexscreener

• Coingecko

• Arkham Intelligence

The Arkham one is a referall link, you can skip the waiting queue and get free access using it. You can do everything I’ll show here without Arkham though, it’s definitely not a requirement. But I recommend you give it a try because it has charts(e.g. balance over time per chain, profit over time per chain) and features DeBank does not have.

What is the goal?

The goal is basically to find profitable wallets with a great track record and decent activity to model and learn from.

Specifically, I’m looking for wallets that invest/trade low-caps.

I rank utility projects higher than memes but there are some profits made with memes on this list too.

Investing in higher caps like Bitcoin and Ethereum is relatively safer, but they are unlikely to pull a 10x in months like microcaps do.

How to find those wallets?

Through 2 simple methods:

1. Check the top holders of a specific Token on the Block Explorer.

2. Backtrack transactions on Arbiscan to see who were the early buyers.

If a wallet is in the top holders list, it does **not **necessarily mean it’s successful.

If a wallet bought early, it does not necessarily mean it’s successful.

But this is where people lose a big opportunity.

They check a couple of wallets and maybe they find something useful here and there.

But they stop too early in the process.

I made this mistake too.

See, you could go for hours without finding a decent wallet, but believe me, it’s worth going the extra mile and keep looking further.

Superficial effort = superficial results.

All right, so with the intro out of the way, let’s take a look at the list of wallets.

Wallet #1

Address: 0x83179a13e3124ec4ab2d59c1d20c89172b85f104

Value: $486k

Description: Early $RAM buyer.

Results:

• $SHARKY closed at a 60% loss.

Looking at his history on DeBank we can see every single interaction involving the token.

By clicking on the word Sharky, DeBank will automatically filter so only the Sharky related transactions will be shown.

It can also be done by typing the name of the token you want to filter on the white bar at the top of the page (it only works when you select a specific chain).

In this case, he bought $SHARKY on March 19th and sold it on the 27th. Approximately a loss of 60%(not the exact percentage but enough to give us a notion of how much he made/lost)

The process is repeated to the other buys in his history.

• $DCP down 90%

• $MCR down 27%(still holding)

• $ARBINU down 17% but it went up 100% since his buy. He is still holding.

• $ARBPAD breaking even at the moment but it went up 150% since his buy. (Still holding it all)

• $RAM — Bought at $0,12 on March 17th. It went down 50% since then but he is still holding and added more during this dip.

• $ATA — It went up 70% since his buy but right now is breaking even. He is yield farming it.

• $XCAL up 3,8x (Still holding)

• $GRB up 27x on (Still holding)

• $TND up 2x .

• $OREO up 2x (Still holding)

• $HEI down 80% on (Still holding)

Overall, $100 into each one of these trades would result in roughly $1756 profit.

He is also yield farming/staking. $18k of $MMT in a staking pool and $1,6k worth of $ATA(Atlas). Both are early protocols and $ATA staking APR is over 600% as I write.

This analysis is focused on Arbitrum but he has a bunch of other interesting coins on other chains too.

Wallet #2

Address: 0x1dde7b19fa3150a06e3307341e9b8cc5e95122d4

Value: $59k

Description: His biggest holdings are $JOE, $PSI(I wrote an article about TridentDAO here), $ARC.

I found this wallet looking at early $BFR buyers.

How?

To find early buyers of any token you like, follow the steps below:

• Go to the block explorer (in this case, Arbiscan).

• Select the token you want, either by pasting it’s contract or name in the search bar

• Go back to the earlier transactions by clicking on last

Note: Arbiscan only shows the past 100k transactions, but there is actually a way to see the transactions made before those.

This is useful to know who were the real sunrise supporters.

To do so, scroll down, and click on download CSV.

Then select the exact date interval you wish.

If you don’t have Excel installed, you can simply open the CSV using Gmail.

Go to your Gmail, click on Google apps on the top left > Click on Drive > Drag the CSV file over > Click to open when the upload finishes.

Results:

• $HDX up 2,5x (Seems to be a really interesting protocol I didn’t know about. They claim to be the first Layer 3 DEX.)

• POI$ON went up approximately 3,8x after his buy on February 16th. He sold and made over 2x. Very well timed. A project I like a lot, they tokenize stocks, gold, commodities, etc.

• $HAMI Made 50% in a few minutes. Would’ve made 3,5x had he held longer.

• $ARC down 35% since his $4,000 buy. He is still holding.

• $PRY down 30% he cut losses.

• $VOLTA +75%

• $WAR is down +70% since his buy. Couldn’t find any information about the website on Dexscreener and it is not listed DeBank

• $CRX went up more than 10x but then rugged. Token not listed on DeBank

• $TND sold right before the 3x pump. Broke even.

• $BFR bought before a 2x pump but held through it. Made around 30% profits in the end.

• $NISHIB 2,8x in Nishib. Would’ve made +4x if held longer. Well timed.

• $LEVI 4x on LEVI bought on the day it launched.

$100 invested in each one would be turned into approximately $650 of profit in total. These plays are from August 2022 till the end of March 2023.

Wallet #3

Address: 0x3875881f52c1b030d1cf9a3ca29ec05b16d196b2

Value: $48k

Description: $CyOp holder.

Results:

• $EWW up 2,15x

• $Polarsync up 3x

• $ACR down 25%

• $PSDN up 20%

• $RocketAI down 50%

• $ElonTC up 80%

• $CyOp up 6,9x

• $RUSH up plus 18X

$100 into each equals approximately $2290 in profit.

P.S. In this case, there are trades on the Ethereum network, so the fees would be substantially higher. Much less profitable for smaller trades under $100 but still would end up positive.

Wallet #4

Address: 0xa159a19d782cd638187387dbdb4d322dde86f2c7

Value: Over $400k

Description: $SHI Holder

This wallet DCA’d into Shina Inu from August to October 2022 and held it all till now.

Perfectly timed.

CoinGecko — Shina Inu Price Chart

Shina Inu is up 6,5x since then. Would be more than 10x considering the ATH.

Wallet #5

Address: 0xebc48e8db0d9203db04512ec4a8030cf2a43c384

Value: $484k.

Description: $PLS, $TND, $MAGIC, $PREMIA holder.

Results:

• $PLS up 4x. Bought approximately $35k worth of $PLS during the accumulation in January 2023 and sold $50k of his bag on March 21st. It did 4x in this interval. Still holds $27k worth of $PLS

• $TND: Made 2,5x. Considering ATH would’ve been 3,5x.Is still holding some $TND.

• $MGN down 20%. Still holding a portion of the initial amount.

• $MAGIC up 2x. Time the January pump almost pixel perfectly. Would have made 3,5x if held longer.

• $KROM up 12%.

• $VSTA: down 30%

Roughly $532 in profit considering $100 into each investment.

Insights

You can learn a lot from the right wallets. Being able to model someone who is already successful has enormous value. Trial and error can be painful, especially when it comes to money.

It’s also interesting to search for similarities. For instance, a recurring theme I noticed on Arbitrum focused wallets is:

They hold $PSI, $ARC, $WINR, and POI$ON. All low-caps with asymmetrical potential.

Alarms

A useful built-in functionality of explorers is the watchlist.

You can create a list with up to 50 wallets in your profile and get notifications on your email whenever they make transactions.

This helps to automate the process.

Arkham

If you are a visual learner like me you will like the charts available on Arkham.

Below is the Cumulative Profit & Loss of Wallet #5 on Arbitrum.

This feature is quite helpful to analyze portfolios.

Conclusion

It’s possible to get high-quality alpha from wallets with a proven successful track record.

This is a simple but tremendously powerful technique.

I encourage you to come up with your own unique list, come up with your own on-chain alpha.

But ultimately, it’s key to ask what motivates each trade or investment.

Look for patterns.

Questions such as:

• What are the common themes between the projects this wallet buys?

• Does this wallet get well-timed buys often? If so, why?

• How can I apply what I’ve learned to my future investments?

Are useful to help us get the most out of on-chain analysis and start reaching our own conclusions about projects.

For DeFi to truly evolve and expand we need better solutions to those hurdles. But knowing this is only the initial step. We need to implement.

So who is actually trying to come up with those meaningful solutions?

One product I know with a very interesting value proposition is Giddy.

With its practical, secure, and UX-focused product, Giddy attempts to be the stepping stone to onboard the next wave of newcomers to DeFi.

But is Giddy able to stand out among so many wallets? What makes it unique and valuable? What is my overall view and score? Is $GDDY token a good investment?

Read below for my in-depth, comprehensive research and reflections on Giddy.

What is Giddy?

Put simply, Giddy is a self-custodial, recoverable wallet with a focus on simplicity and accessibility. Like Metamask, but not really.

Let me explain:

Giddy puts a strong emphasis on User Experience, probably more than any other wallet out there. The main purpose is to democratize access to DeFi and lower the entry barrier.

Giddy already has a working product, the Mobile App is available for download on Apple Store and Google play. The Chrome version will be released in the future.

Interestingly the App it resembles more my TradFi banking app than a crypto wallet.

Some of Giddy’s main features are:

• On-ramp available in the app

• Recoverable Wallet (No need to write down 12–24 Seed Phrases and keep track of them)

• Built-in Autogas feature, users can pay gas in any token they have

At this point you might be thinking: how is it possible to create a wallet without the seed phrase?

Well, it’s not that the seed phrase isn’t generated. It is. But everything happens under the hood.

Here is how it works:

The seed phrase is divided into fragments or shards.

Then it is stored across multiple different places and the user needs different authentication keys to access his private key.

At the moment there are 4 shards in total

• Email

• 2FA(Authenticator app and/or SMS)

• Fingerprint

• Backup password

But the plan is to add more in the future to further increase security.

3 out of 4 keys are required for recovery.

You can access your private key at any moment by going to the “export your private key” option, but it is definitely not necessary to know it to log in or do anything in the app.

All right, now that we have a basic overview of how the App works, let’s try to rank Giddy from a Fundamental Analysis standpoint, based on the parameters below.

• Use case

• Tokenomics

• Revenue

• Team

• Community/Socials

• Marketing

• Narrative

• Roadmap & Catalysts

Use Case

What is the Use Case?

Democratize access to DeFi.

Is the Use Case Unique and actually offers Value or is the protocol just a Fork with minor changes or improvements?

Well, there are A LOT of wallets in the market.

I get that some could consider new wallets completely unnecessary, but in my view, Giddy distinguishes due to the ease of use and UX in general.

Does it solve a meaningful problem?

Yes. Through the elimination of excessive steps and integration of dApps within the app, Giddy makes the whole process of buying crypto to depositing into protocols more user-friendly.

Tokenomics

Launch

$GDDY launch was neither a Fair Launch nor a Private Sale. It was a Staked Streaming Launch.

How does a staked streaming launch work and why does it matter?

In order to make the initial distribution fairer, even to the person without advanced technical knowledge, 57% of the total supply of $GDDY is being distributed constantly through the period of 12 months. It ends in April 2023.

There wasn’t a private sale and the supply is fixed.

Here is the token distribution in a Nutshell:

• Community(Staked Streaming): 57%

• Liquidity(SushiSwap): 3%

• Treasure/Operating Capital: 35%

• Team(Future Airdrops to Team Members): 5%

You can check out the Token Litepaper and the staking pools here for more details.

Polygonscan

Adapted from Polygonscan

Supply

Total Supply: 1,000,000,000

Circulating Supply: 963,133,651

Who has the supply? Can they dump?

35% is in the hands of the team and this amount is destined to future expenses, growth, marketing, bug bounties and smart contract innovation.5% is allocated for future airdrops to employees. And the remaining was distributed to the community.

Since almost the entire supply is circulating anybody can sell whenever they want. There is no vesting. But it’s also good to consider that the selling pressure is significantly reduced because it is fixed supply and nearly 100% was already emitted.

On top of that, there is a decent degree of decentralization because of how the launch was architected.

There is a wallet with 3.6% of tokens. This could be a problem. But even if he sold all of his tokens he would ‘only’ cause a 7% movement in price.

Because 45%~ of the tokens are staked, I assume there is no way to know 100% for sure how much the top holders have(the ones with their crypto staked), so this is something to consider.

Also important to mention that the Token contract is a proxy, which means it calls another contract that could be changed by the team.

Demand

What is the use case for the Token?

First, it’s important to understand that $GDDY token is mostly used for infrastructure.

The user does not need to hold $GDDY in order to perform any task in the App.

Further, the token is not the main focus of the project, but the product itself.

“Giddy Token should be viewed solely as a utility for increasing security and ease of use on the blockchain” — Quote from the Litepaper

However, Giddy Tokenomics is very well-thought-out and fairly distributed and the token definitely has meaningful utilities.

The Giddy team took diverse factors into account before launch and planned the Launch that would benefit the community the most, without giving advantages to whales or more experienced investors.

So, back to the $GDDY utilities, they are:

1. Fix the infinite approval vulnerability

Put simply, when you approve the spending of a token you can give permission for the dApp to spend your funds of that specific token infinitely.

Giddy proposes a clever solution that automatically only allows the approval of the exact amount of tokens you are spending and the approval also expires at the end of the block. (It is possible to customize the spending limit, though it is not realistic to expect inexperienced users to have such knowledge)

2. Solve smart contract approval front-running vulnerability

According to the litepaper DeFi users are also exposed to a Front Running approval attack where the attacker pays higher gas fees to force double spending and steal funds.

3. Increase ease of use by allowing gas to be paid in any token

Autogas. No more on-ramping more fiat/bridging just to buy the native token to pay for gas fees.

4. Discount on gas fees.

$GDDY holders get a discount on gas fees.

5. Bonus of staking rewards on Giddy & Giddy-USDC pool(temporary)

Harvest staking bonus.

I really like how the token was Launched and its distribution. The staked streaming distribution was a clever answer to make things it all more even so anyone in the community could benefit from it.

But it’s important to consider that the only reward that incentivizes HODLing(besides the temporary staking rewards) is number 4.

So my only concern is:

Is the discount on gas fees enough as an incentive to HODL the token?

Revenue

The revenue is generated mostly from fees in the App.

Team

The team is fully doxxed and has social media profiles available.

Here is a selection of a few of them:

Eric Parker — CEO

Previously Senior iOS developer Walmart Labs

Twitter: @SirEricParker

Ethan Parker — Co-Founder

Previously Head of Technology at Madico. Senior iOS Engineer at Vivint Solar

Nick Sanders — Director of Web3

Previous roles at TaxBit and tZero Group

Tanner Wayment — Senior UX Designer

Previously Lead UX designer at Pluralsight.

Travis Tidball — CMO at Giddy

Previously Marketing & Growth at Filevine, CMO at Metricly and Vice President of Marketing at DigiCert.

David Hurst — CTO

Previously Senior Principal Software Architect at SimpleNexus, ASIC Design Engineer II at San Disk

Brendan W.

Previously Leand Android Engineer at Volley and Android Staff Engineer at Walmart Labs

Anders Ödlund — Director of Mobile

Previously Sr. Manager, Mobile Engineering at Varo bank, Staff Engineer at TaskRabbit.

Community

$GDDY is being tweeted about but it remains relatively under the radar.

The community has a distinct identity and the Discord server is friendly toward new visitors, and questions are promptly answered.

The Twitter Page sits at 12.3K followers. It’s followed by some big Accounts with over 100k Followers, e.g.@ MariusCrypt0, @ CryptoWizardd, @ LadyofCrypto1.

Here is a relatively recent tweet where James Bull mentioned Giddy.

And another one by Lady of Crypto.

Giddy was also mentioned in a video on Crypto Banter’s Youtube Channel.

The number of followers on Twitter sort of went parabolic at the end of 2022, more than doubling the total amount in a few months.

People are starting to wake up to it.

Twitter Followers — Coingecko

Marketing

The Marketing strategy is very well-thought-out and intelligently crafted. It’s Communicated with clarity and elegance.

There is no ambiguity as to what the product is about, i.e. the easiest-to-use DeFi wallet with a user-centered design.

Love the commercial:

Narrative

Does Giddy fit a narrative?

Yes, the Self-Custody and the Smart Contract Wallet narratives.

Roadmap & Catalysts

What are the meaningful events in Giddy’s Roadmap?

• The Launch of Chrome Wallet

• Addition of new protocols to the App

What are the potential Catalysts besides those events?

• New Partnerships

• New App Functionalities

• Marketing Campaigns

• Giddy’s own on-ramp(Co-Founders mentioned they have the intention to launch it in a recent interview)

• More problems with Centralized custody of cryptos

• New product

• Addition of new blockchains

• New listings on exchanges

• Staking rewards finish in a few days, which means drastically reduced sell pressure.

• A Macro Bull Market where Bitcoin reaches new ATHs. This would attract a LOT of new users.

Chart

Coingecko Chart

Since the stream of rewards(57% of the total supply) ends in April, so the selling pressure will be drastically reduced by them.

The chart is bottomed out for months, but holders more than doubled since then. I can’t help but see it as an asymmetrical bet.

Holders

$GDDY Holders over time — Dune Chart

It’s interesting, the number of holders more than doubled since September and October but the price is still at the same levels.

Fundamentals right there.

Bearish View

You know, being too bullish makes us overlook potential flaws in projects. This is why I always try to look at projects through bearish lens.

So what if Giddy failed and the token completely tanked? What would be the reasons?

Some of the cons/potential reasons for failure

• Maybe the token utilities are not enough to incentivize holders.

• Plenty of wallet products in the market, and on top of that, some of them have an advantage as they were the first movers and have had more time to refine their products through iterations.

• As soon as the staking rewards end people will have fewer motives to hold Giddy tokens.

• Events in the road map are not strong enough to drive adoption.

• Staking rewards end and people lose interest in the token.

• Token gets rugged

Score

Here is my score for the project considering the fundamental metrics mentioned.

I’ll be using an adapted version of Jake’s rank system.

Note: Since this is an early gem, it’s hard to come up with a solid score for each parameter. So it’s by no means a completely objective rank even though I tried to be as fair and unbiased as possible. Also, it’s hard to come up with numbers like Revenue for example so I decided to leave them aside for now.

Giddy Score

Average(Raw): 7.4

Weighted Average: 7.8

This is not a score of the product itself. It’s more of a score of the potential of the token price appreciation in the future even though it also takes into consideration to a certain extent the intrinsic value of the project.

Final Thoughts

The majority of the world’s population is still not into crypto, with estimates indicating that only 5.25% of people currently use it.

Because Crypto adoption is growing so rapidly, this suggests a massive opportunity.

In my view, the products that will experience explosive popularity are the ones to provide seamless utility in a way it doesn’t even feel like it’s crypto.

Giddy appears to be on the right path.

I’m eagerly anticipating future updates in product and functionality, as well as partnerships that could enhance the value of the App even further.

Twitter | Medium | Website | Get 5% discount on GMX | Ledger (Affiliate Link)

In case you want to join me, I’ve got a list of protocols that I’ve been checking out lately in search of some free mystic internet coins.

Just a heads up, some of them are pretty speculative.

But there’s a good chance you’ll end up with some OATs and get to learn about some super interesting platforms in their early stages.

So feel free to get your coffee (if that’s your thing), some Goerli ETH, and burner wallet ready and let’s dive in!

1. Nibiru Chain

My first pick is Nibiru Chain.

It’s a new blockchain with focus on Perpetuals Futures Trading, although it’s not limited to this.

It brings cool additions, like their own stablecoin NUSD for example.

Nibiru is currently holding an Incentivized Testnet Campaign.

Here is a guide thread I wrote:

2. Vertex

Vertex is a very fast suite of cross-margin products without MEV. It’s built on Arbitrum.

You can access their testnet clicking on the “Launch Testnet” button in the home page.

The Network is Arbitrum Goerli, if you don’t have tokens there you’ll need to:

Get Goerli Eth on https://goerlifaucet.com/.

Bridge it to Arbitrum Goerli here.

Vertex does not have a Token yet and on Discord they state that the Testnet is not incentivized.

So this is likely not an airdrop, but I decided to interact anyway. Feel free to skip it though.

You join their discord and get the Beta Tester role too by reacting to the pinned message.

3. V2X

V2X Perpetual trading platform on Arbitrum with 20x leverage.

Steps: Connect to their website, click on get Mock USD and start trading and adding liquidity.

4. Neon

Neon is the first EVM on Solana. It’s purpose is to help scale Ethereum dApps to the Solana ecosystem.

There is no actual Neon tokens yet, but there are Neon tokens on the devnet, so this could be a clue of a possible airdrop.

Here are the steps to interact with Neon:

1. **Claim your devnet NEON tokens from the **faucet

To add Neon Devnet to your Metamask, go to chainlist and type Neon (make sure to mark the box “include testnets”).

Then click on add Neon Devnet.

2. Bridge on NeonPass:

For this you’ll need a Solana friendly wallet too. I used Phantom wallet.

Make sure to change the Network to Devnet as well.

Here are the steps to do it:

Click on the icon on the top left.

Phantom Wallet

Then head over to Developer Settings.

Phantom Wallet

Then select Devnet.

Phantom Wallet

3. MoraSwap

Interact as much as you can on MoraSwap (Swap, Stake, Farm, Add liquidity, etc).

4. Kana Labs

When I tried Kana Labs it wasn’t working, don’t know if it’s temporary. If you want to try it out you can do so here.

5. Bebop.xyz

Bebop.xyz is a decentralized exchange with the feature of multiple token trades.

On Discord, the team members affirm the absence of an airdrop.

Message from Bebop MOD in their Discord server.

However there are Galxe OATs(On-chain Achievement Tokens) you can stand a chance to win after you do the assigned tasks:

• Make a trade worth at least $50.

• Follow them on Twitter.

• Follow Poygon Defi and Retweet their tweet.

Full details in this link.

Who knows, maybe there is some sort of reward for early users that are not necessarily an airdrop. Worst case scenario we lose 10 minutes and a few cents of $MATIC for the gas.

And by the way the platform seems pretty interesting, I’d personally use it in a future opportunity. Multiple token swaps seem very useful to save fees and time.

Beaware of scammers, there is no Bebop token yet.

6. Mute

Mute is an AMM based Dex on zkSync.

Thread by Mingo Airdrop:

ZkSync Airdrop Strategy #3 🪂@mute_io is live on ZkSync Era Testnet

It might be a good idea to use this protocol to be active on ZkSync Era testnet 👀

Let's dive in 👇

— Mingo Airdrop (@MingoAirdrop) February 21, 2023

7. Kreator Land

Kreatorland brings a Click-Launch-List NFTs for Artists and Market place on zkSync Era.

Testnet is live.

Thread by Airdrop Adventure.

Kreatorland Testnet is now live!

-$KND Token Confirmed 🎯– On zkSync Era Testnet 💜

15% of the total token supply for community drop confirmed!!! 🪂

Bonus: Use zkSync Era before Mainnet

Interested?💟Like 🔁Retweet 🚀LFG pic.twitter.com/jNIchbDTNv

— Airdrop Adventure 🧭 (@Airdrop_Adv) February 26, 2023

8. GammaSwap

GammaSwap is an Oracle-Free perpetuals trading platform that lets users hedge against Impermanent Loss.

They are currently in Alpha Testnet but recentely announced Testnet phase 2 will be live 17th March with rewards.

The @GammaSwapLabs Beta Testnet is going live 3/17/23!!! Redesigned, sleeker and much more intuitive 🫡🔥

Get Rewarded For Being Early — We have incredible prizes, competitions and partnerships coming your way Gamma Gang 👽🛸 pic.twitter.com/qiiKiJWHbZ

— GammaSwap (@GammaSwapLabs) March 10, 2023

9. RabbitX

RabbitX is a perpetuals trading platform with Zero Fees on StarkNet.

As stated in the docs: “No airdrops have been officially announced by the RabbitX team.”So no airdrops announced yet, but they didn’t say there won’t ever be one in the future so…Moreover, there is a trader rewards program coming soon by RabbitX.The launch Testnet button is on the front page, but you need some Goerli tokens.

**P.S.**There is a message on their discord saying that screenshots and wallet messages will be treated as spam so I’d advise you not to do so.

10. ZetaChain

ZetaChain is an Omnichain Interoperability Platform.

You can currently make cross-chain testnet swaps on their platform here.

After you make the swaps make sure to claim the free OATs they offer on Galxe.

Conclusion

This is all I have for today.

If you want a tool to notify you about airdrops, earndrop is a website I discovered recently to do this job.

Thank you very much for reading it until here, and I wish you the best of luck with the hunts!

Put simply, Real Yield is when protocols share a portion of the revenue generated with token holders.

Gains are concrete, not made up of irresponsible inflation.

Similar to dividends on stocks.

Real Yield is a growing trend and protocols such as $GNS and $GMX have exploded, reaching several hundred millions of dollars in valuation.

And will likely reach billions soon.

However, for this piece I’ll focus on Real Yield tokens under $10M.

Here is the list:

1. @y2kfinance

Y2K is a protocol to protect against depeg events.

It allows users to protect against depeg (HEDGE) or bet that a certain asset will depeg(RISK).

Currently supports: $MIM, $USDT, $USDC, $FRAX, $DAI, $USDD, $stETH, $wBTC and $BUSD

Users can pool Y2K with $WETH 80/20 and lock for vlY2K to accrue fees. Longer lock period= more returns.

In my view reducing risk intrinsic to pegged assets is a meaningful utility. DeFi needs it so much.

I think y2k still has a lot to grow even though it pumped recently.

2. @GMDprotocol

GMD Protocol operates as a platform for yield optimization and aggregation, utilizing GMD’s reserve token on Arbitrum in conjunction with pre-existing applications.

$GMD accrues 70% of the platform fees.

3. @ede_finance

Social Trading Platform on Binance Chain.

Stake $EDE for 40% of platform fees.

Rewards are given in their algorithmic stablecoin.

4.@relay_chain

Relay is a Bridge Aggregation Protocol.

It saves users time and money by providing access to the best and cheaper bridge routes and bridge liquidity from the most prominent blockchains.

$RELAY stakers earn gas fees from protocol operations.

5. @PoisonFinancePoison Protocol is a Decentralized Multichain Synthetic Assets issuance protocol.

Like what mirror and synthetix tried to build, but poison aims to bring an improved, more decentralized version.

$POISON can be staked to earn share of vault’s withdrawal fees.

6. @PlutusDAO_ioPlutus is a governance aggregator.

It has the goal to position itself as the ultimate destination for projects that employ veTokens.

$PLS can be locked on Plutus earn yield generated by the Productive Treasury.

7. @TheLayer2DAO

L2DAO aims to catapult L2 based ecosystem protocols on #Ethereum.

$xL2Dao holders earn 25% protocol fees generated in form of ETH (real yield).

Here is a great thread about it.

Conclusion

DeFi is maturing and protocols are embodying more sound business-like models, which is great for long-term holders and protocols themselves.

The examples mentioned above have broad and meaningful use cases and the Real Yield layer could further boost their expansion.

On-chain synthetic assets, protection against de-pegging, social trading are all very relevant examples of utility and it’s not too hard for me to believe they could reach enormous valuations in the future.

At the end of the day we have meme coins with $10B Market Cap, so why not expect growth out of really valuable protocols?

Lastly, I’m very excited about each of those projects and I look forward to see their development!

If you liked this list consider following me here and on Twitter as well for more content about solid protocols with big room for upside!💎

Twitter: https://twitter.com/DefiGlow1_

Website: https://defiglow.money

But you can always try your luck in airdrops/testnets and learn more about DeFi protocols in the process.

Here is a list with 5 testnets you can interact with to get involved in possible airdrops.

1. @Scroll_ZKP

Scroll is a zkEVM-based zkRollup.

They are currently on the final phases of their testnet(pre-alpha) and there is no confirmed airdrop.

However way you can interact for free and run the odds.

First go to: scroll.io/prealpha.

There you can add the L1 and L2 testnets by simply clicking.

Then request some tokens on the Faucet to Bridge and Swap.

When I bridged it took a few hours because of congestion, so it could take a while…

After bridging you can swap and add liquidity.

Additionally you can bridge goerli Eth to Scroll L2 using Orbiter (link below)

https://rinkeby.orbiter.finance/

2. @MyMetaTrader

My Meta Trader is Leverage Dex built with GPT-3.

The Airdrop is confirmed.

For this one we need to get Goerli Eth.

You can get it here goerlifaucet.com (log in and paste address).

Now we need to bridge it to Arbitrum Goerli bridge.arbitrum.io/?l2ChainId=421…

You can find the networks you need add to your wallet on chainlist.org.

Just make sure you mark the box ‘include testnets’ when looking for Arbitrum Goerli.

Then head over to testnet.mymetatrader.finance.

Connect, click on get 10,000 USDC and now you can make some trades.

Use BTC & ETH pairs, longs & shorts, leverage…

Then stake on stake vault.

3. @zksync

zkSync Era is a zkEVM Rollup compatible with the Ethereum Virtual Machine.

Their Testnet is live, here are some interactions you could make:

(This is speculative since there is no guarantee the snapshot wasn’t already taken, but those could make you eligible for $ZKS airdrops).

Thread by @corleonescrypto:

https://twitter.com/corleonescrypto/status/1629120295062671361

4. @shardeum

Shardeum is linearly scalable L1 that increases TPS whenever a new node is added to the blockchain.

$SHM airdrop is confirmed!

Interactions to make are in the thread below.

P.s.

Some dapps are buggy so be patient.

Thread by @Crazy_Drops:

https://twitter.com/Crazy_Drops/status/1626165145121746945

Also, to complete some transactions I had to increase the gas price until the transactions went through, so I recommend you do that too.

5. @0xMantle

Mantle is a modular L2 scaling solution.

The token used for gas and staking by validators is $BIT but there are rumors of a possible airdrop.

Here is what you can do to get involved:

Go to chainlist.org and search for mantle testnet (mark the box ‘include testnets’).

Add Goerli Testnet too if you haven’t.

On Goerli, scroll down to ‘import tokens’ and add BIT by pasting the contract: 0x5a94dc6cc85fda49d8e9a8b85dde8629025c42be.

Should fill the other 2 fields with BIT and 18.

You can get some Goerli Eth on https://goerlifaucet.com/ if you don’t already.

To mint test $BIT head over to **faucet.testnet.mantle.xyz**tweet, paste the tweet URL and request the tokens.

Now we need to bridge over to Mantle Testnet:bridge.testnet.mantle.xyz.

And you can also join crew3 to farm XP here: https://crew3.xyz/c/mantle/invite/YJU1EwFZbn3ZUH0ycykS2

There is a list of dApps available Mantle testnet here: notion.so/Mantle-Testnet…

But I wasn’t able to interact with the majority of them.

The only one that worked was dexpad.io/token-factory.

In Dexpad you can create your own custom token, burn tokens and airdrop.

It’s pretty fast and you don’t need any coding skills.

https://dexpad.io/token-factory

Conclusion

These are some of the testnets I’ve been interacting with recently.

Testnets are great because you get to learn and play with dApps and also potentially farm some airdrops.

Especially if you don’t have meaningful capital to start with, testnets can be very useful.

Lastly, if you really look to maximize your chances of finding great airdrops early I’d suggest you follow Twitter accounts with this specific focus.

I curated a list with some examples, you can follow or select the individuals you want to follow according to your preferences: https://twitter.com/i/lists/1628900839120150531.