💣 Maestro's Flawless Performance

A weekly recap of the largest crypto events and narratives, with an extra dose of insight.

Here’s what we have for you:

• Maestro hack

• aarnâ: the future of AI and DeFi

• IntentX open beta

• UniDex index perps

• Swell’s super swETH

Sooo, are we going to talk about that Monday move? Or should I just ignore it? Alright, let’s talk about it because we’re grown men. Earlier in the week, the crypto market rallied. BTC hit a peak of $35K, SOL hit a high of $33, and LINK $11. All pretty impressive for a few days of work.

Why the move?

Well, I believe there are a few reasons for it. The first being Blackrock’s planned ETF was listed on the Depository Trust and Clearing Corporation’s (DTCC) website, leading people to believe an approval was near. It didn’t help that the ETF got a CUSIP code (some fancy code categorising the ETF) and also an amended filing about seeding the ETF. Evidently, the market demand is there, as $43M flowed into BTC products, representing 10% of the YTD total.

On the slightly more DeFi front, POL, the successor to the MATIC token launched. It is now live on Etheruem mainnet, so if you still hold any MATIC, you better get migrating like everyone else.

Lastly, Maestro was hacked on Tuesday. A total of 239 ETH was stolen, but the chad Maestro devs proceeded to refund everyone through market buying all the memecoins that were stolen. If this is the outcome of a hack, then I’m all for it to be honest. I’m kidding guys, I would never support a hack.

-RektRadar

aarnâ: the future of AI and DeFi

I’m sure we’ve all seen the normal explanations of the intersection of AI and crypto. Decentralised compute networks such as Akash for AI models. AI image generators on the blockchain. AI chatbots to talk to docs.

That’s stuff of the past. The future is the intersection of AI and DeFi.

aarnâ is an alpha discovery protocol.

What does that mean?

It combines the best of AI and human intelligence to provide decentralised onchain asset management.

This is achieved by combining three key pillars:

1. A ML model framework that is trained on unique onchain and offchain data, and credibly neutral expert Alpha creators

2. A tokenisation platform that is composable with the top 6 protocols on Ethereum and Arbitrum

3. An intelligent dApp that fully manages the user experience and abstracts away all complexity.

In just 6 weeks since launching its beta, the platform has gained 5000 beta testers. You know why? Cause it’s a radical new approach to DeFi asset management.

Think about all those large asset managers that exist today, Fidelity, Charles Schwab, Vanguard, who cumulatively manage trillions of dollars. aarnâ could be that, but on the blockchain and in a greenfield of financial opportunity.

The AI advantage is real, and aarnâ plans to fully capitalise on that. Predictive analytics, optimising returns, short-term predictions with machine learning models, and the combination of AI and extensive onchain data will be near unstoppable. And aarnâ stands a chance at becoming the kingmaker.

IntentX open beta

• IntentX is an omnichain perps DEX. They promise to offer the most trading pairs onchain at the lowest cost, routing your liquidity to the most optimal venue.

• On November 15th, they will launch their open beta. Users can use a platform and earn up to 2% of the token supply. Once completed, there will be a token generation event.

UniDex index perps

• Want to trade indexes such as a perp sector index or an L2 index? Now you can do so on UniDex. The DEX has launched 12 new custom indexes.

• Traders will be able to trade these indexes on up to 20x leverage. I wouldn’t mind a 20x Perp sector or L2 index leverage long if the bull market is coming to be honest.

Swell’s super swETH

• Want to deposit stETH and earn up to 18% yield? Now you can, on Swell network, a new LST protocol, with super swETH.
  

• How do you earn 18% yield? The boosted pearl hunting and extra yield comes from staking + redirected DAO revenue. So if you’re holding some stETH, might as well get some extra yield on it. DYOR.

1. 6.9T $PEPE tokens were burned. Could it go higher in the next bull?

2. Onchain 1000x BTC and ETH futures are no live on WINR protocol. If you are turbo mentally challenged, then this will be for you.

3. Prisma debt caps have been increased again. Don’t miss out this time anon

4. The world’s first 0% edge 3D PvP game will go live on Rollbit soon. Stay tuned.

5. GMX V2 fees reached an ATH. If you think fees are correlated to token price, then maybe there’s something here.

Token holder analysis

Alright. You want to ape into some memecoin. You check it out on dexscreener. All looks good and dandy. Perhaps you’ve even gone a step further and checked the token distribution.

But there’s one key step you missed out.

Analysing holder dynamics.

PEPE has recently done a 1x on the back of $6M of the token getting burned. If you look at the graph above, you can see that over a long time frame of a month, almost 80% of token holders by USD value have held on the token, 12% have accumulated more, and only 8.3% have sold. That’s the type of dynamics you want to see before buying a token.

If you want the same analysis on a shorter time frame, you can look at the weekly or daily pie charts to evaluate token holder dynamics. Here, for example, you can see that as the timeframe gets shorter, the % of people that are holding is higher, which makes sense. Intuitively, you would expect less people to be selling over one day vs over one month. If there were more people selling over one day then probably don’t buy that token.

BananaGunBot users keep growing. Price will follow suit.

Compilation of alpha tweets

Some yield traders are making crazy APY on Pendle

Radiant’s new proposal to balance rewards between attracting new dLP lockers & rewarding existing contributors is live

Primsa breaks down their new exciting tokenomics

Zeta markets launches a points program

How to double your money on FT snipes

GMX V2 fees go brrrr

Banana has flipped Maestro in bot volume market share

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