⚡Bitcoin under pressure: Our plan for what's next
Inside: Crypto sectors & growing narratives, cycle framework and an actionable SOL yield strategy
Read Time: ~5 minutes
⚡Snapshot
Dynamo DeFi Pro Call this week - details below
Return to utility - RWA & token holder revenue analysis
SOL yield + Kamino points strategy
📖 Recommended Reads
⚡A powerful method to understand where we are in the selloff
An underused way to understand when the market will bottom
⚡Lessons learned after roundtripping 8 figures
How to look at Bitcoin, crypto twitter, conviction and unit bias
⚡Part 1 of the DeFi 101 course is live
A completely free course designed to get anyone onchain - complete with videos, visuals and guides
⚡Bitcoin & Ethereum seasonality trends
April is historically one of Ethereum’s highest-performing months
⚡Digital asset investment products see 4th consecutive week of outflows
While much less severe than last week, another $876M in total outflows this week
⚡Pro Call This Week — Navigate Market Uncertainty With Confidence
The market's not messing around: Bitcoin struggling to hold $80K, macro uncertainty increasing, and narratives shifting rapidly.
You need a strategy moving forward.
Join this Thursday’s Pro Zoom Call (5:30pm EST) where we'll break down:
The real reasons behind recent market turbulence
How we’ll know when the market is bottomed
Actionable strategies for both protection and positioning
Market confusion creates opportunity for smart participants. Leverage our research team's insights and join a community of serious, data-driven investors.
Become a Dynamo DeFi Pro member today →
Attend live or get the recording + slides afterward
🔢Onchain Analysis
The Quest for Utility
Now that the meme exuberance has worn off, investors are looking for real-world utility more than ever.
One of the big winners for crypto categories is Real World Assets (RWAs). These can be tokenized US treasuries, tokenized stocks, onchain credit markets, etc.
TVL in RWA protocols is growing relentlessly, up 3x in the last year and over 10x in the last two years. More assets are coming onchain.
Given the change in TradFi’s attitude toward crypto and a much friendlier regulatory environment, this trend is likely to continue.
An example of real-world utility is Holders Revenue on DeFiLlama’s Fees and Revenue dashboard.
Holders Revenue is a metric to track which protocols pass on portions of their revenue to token holders.
While some protocols use extensive emissions to pay token holders (diluting holders), this metric is helpful for those looking for value & utility in the tokens they hold. You can view Holders Revenue on a 1d, 7d & 30d basis.
🚜Farm of the Week
Multiply Solana LSTs for Yield & Points
Kamino is one of Solana’s largest DeFi protocols by TVL, and a hub for Solana DeFi.
For those holding SOL tokens or Liquid Staking Tokens (like JITOSOL, MSOL & JUPSOL) and wanting to increase existing yield, there’s Kamino Multiply.
It’s a one-click looping strategy product that utilizes Kamino’s lending markets.
How it Works
JUPSOL on Kamino Multiply has a higher yield and is an established LST.
That star next to the APY indicates a points boost from Kamino. Using the Multiply product will earn you a 3x boost on your Season 3 points.
To deposit, select either SOL or JUPSOL and select your multiply amount. This is a leveraged position, meaning you still are exposed to SOL upside but you can get liquidated if the price of Solana drops.
Simply selecting 2x leverage or less earns you a double-digit APY, a lower chance of liquidation and you still get 3x Kamino points.
Risks
DeFi 101: How to Lend and Borrow Crypto on Solana
⚡Capitalize on Volatility with Hyperliquid
Hyperliquid is the premiere decentralized perps exchange. It’s one of the best crypto products I’ve ever used.
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🛠️Tool Spotlight
Dune Analytics: Community-Built Custom Dashboards
Dune is a platform that makes querying blockchain data easy, allowing anyone with a bit of SQL knowledge to create in-depth dashboards.
Here’s a list of trending blockchains that are seeing lots of dashboard creation & activity.
The most popular blockchain on Dune over the last 7 days is Ethereum, with token screeners and narrative dashboards being some of the most prominent.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
📅Key Events This Week
Macro Events
📊 US stablecoin bill (GENIUS Act) vote - March 10th
📊 US CPI inflation data - March 12th
📊 US PPI inflation data - March 13th
📊 Initial Jobless Claims data - March 13th
Token Unlocks: $730M Unlocking This Week
🔓Tokenomist: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓FLR (1.61%) - March 10th
🔓APT (1.92%) - March 12th
🔓SEI (1.19%) - March 15th
🔓STRK (2.33%) - March 15th
🔓 UXP (1.65%) - March 15th
🔓CYBER (0.89%) - March 15th
🔓ARB (2.10%) - March 16th
🔓PSP (0.83%) - March 16th
🔓APE (0.73%) - March 16th
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 MovementLabs mainnet launch - March 10th (Source)
🚀Horizon mainnet upgrade - March 11th (Source)
🚀 Hemi mainnet launch - March 12th (Source)
🚀 Core ignition season 3 - March 12th (Source)
🚀XO airdrop - March 14th (Source)
⚡Favorite Resources
If you want to dive deeper, here are some of my favorite resources:
🛠️ The Dynamo DeFi Crypto Tools List: A comprehensive list of 100+ crypto tools to help with portfolio tracking, analytics, airdrops and more.
🚀 RocketX: The 1-stop-shop to get the best rates for on-chain & cross-chain swaps.
🛡️ Ledger: The smartest way to secure your crypto. Buy & sell crypto with full control over your assets.
For more frequent content, follow me on Twitter and YouTube.
Until next time,
Dynamo DeFi