⚡North Korean Hackers Infiltrate Job Boards
Plus Raydium fees reach all-time high, Base yield farms, and more
Estimated Read Time: ~4 minutes
In Today’s Edition:
We’re updating and improving the newsletter, giving you more concise and actionable information.
Recommended readings
Raydium fees reach all-time high
Yield strategies on Base
A wallet tracking tool with a clean user interface
📖 Recommended Reads
⚡North Korean hackers are infiltrating job boards
The UN says the fake hiring scheme earns North Korea up to $600 million annually
If you haven’t already, check out this post I published earlier today, in which I proposed a metric to accurately capture economic activity on a chain
⚡Crypto market reaction to attempted Trump assassination
Bitcoin is up over 8% since the event
⚡Starknet staking expected by Q4
Stakers will have to lock their tokens for 21 days before the withdrawal doors open
⚡Crypto investment products saw $1.4B in inflows last week
BTC had the 5th largest weekly inflows this year
⚡Crypto needs to be relatable for adoption
If crypto is compelling, people will find a way to use it
⚡MakerDAO announces open competition to invest $1B in tokenized treasuries
Blackrock, Ondo and Superstate want to get involved
🔢On-Chain Analysis
Raydium Collects More Fees than ETH
In the last week, Raydium, an on-chain AMM order book on Solana, had it’s highest fee-earning week of all time:
Raydium earned more 7D fees than the Ethereum blockchain, the Tron blockchain, Solana and Uniswap.
This increase in fees comes after Raydium began supporting easy Twitter Blink creation for assets and also following a boom in “politifi” memecoins.
🚜Farm of the Week
Aerodrome AERO and WETH Yields
Aerodrome is the largest DEX on Base with over $500M in TVL. This week we have two yield opportunities through liquidity provision: the USDC/AERO pair and WETH/USDC pair.
How it Works
Provide USDC and either the AERO token for 92% APR or WETH for 20% APR.
Both pools have 10s of millions of $ in TVL, and require little ongoing maintenance. If you’re looking to stack AERO tokens, these pools are for you, since rewards are distributed as AERO.
Risks
Impermanent Loss
Top Yield Farms in July:
⚡Get Better at DeFi with Dynamo DeFi Pro
Take your crypto expertise to the next level with Dynamo DeFi Pro, the premium service designed to provide you insights into the on-chain economy and the knowledge to conduct your own in-depth research.
Dynamo DeFi Pro members get access to:
⚡Exclusive Discord Community - Engage in lively discussions on trading strategies, on-chain data and airdrop alpha. Learn more here.
⚡Live Community Calls & AMAs - Join 3X monthly live sessions with our community and get all your questions answered in real-time.
⚡Premium Newsletters & Curated Data Analysis - Receive actionable insights and special in-depth reports on tokens with strong fundamentals.
⚡In-Depth Pre-Recorded Videos - Watch comprehensive videos where I share my research process. View past videos here.
⚡Monthly Group Strategy Calls - Participate in exclusive monthly video calls to discuss market trends, the latest in crypto, and more. Access calls here.
Get ahead with Dynamo DeFi Pro, for just $11/month (less than the cost of lunch in most countries).
🛠️Tool Spotlight
Find Top Traders, Wallets and Airdrop Hunters Using Cielo
Cielo is a Multichain wallet tracking tool that allows you to curate a feed of top-performing DeFi wallets and power users.
Configure a custom feed of your favorite wallets, set alerts for specific transaction types (you can get these alerts through Telegram or Discord), view aggregated wallet data and more.
You can also view other user’s curated lists, similar to Twitter Lists. Use these to track different themes without having to create them yourself.
More helpful DeFi Tools: The Dynamo DeFi Crypto Tools List
📅Key Events This Week
Macro Events
📊Fed chair Powell speaks - July 15th
📊U.S. Retail Sales - July 16th
📊Housing Starts - July 17th
📊Initial Jobless Claims - July 18th
📊U.S. Leading Economic Indicators - July 18th
Token Unlocks
🔓TokenUnlocks: Track token unlocks and make better investment decisions. Use my code DDNM5 for 5% off Pro Plans.
🔓ARB (2.87%) - July 16th
🔓PSP (1.33%) - July 15th
🔓STRK (4.92%) - July 15th
🔓OP (0.89%) - July 15th
🔓CYBER (3.81%) - July 15th
🔓AXS (1.66%) - July 16th
🔓APE (2.31%) - July 17th
🔓NEON (3.07%) - July 17th
🔓ARKM (0.9%) - July 18th
🔓ZETA (187.96%) - July 18th
🔓MANTA (1.97%) - July 18th
🔓PIXEL (7.05%) - July 19th
Launches & Updates
Note that these launches are mostly unvetted by the Dynamo DeFi team and this isn’t an endorsement of any of them.
🚀 KYRZA network goes multichain - July 15th (Source)
🚀NeuralAI API launch - July 15th (Source)
🚀Xociety beta testnet - July 15th (Source)
🚀CHR mainnet launch - July 16th (Source)
🚀 Virtuals protocol phase 1 launch - July 17th (Source)
🚀CLOUD launch on Jupiter- July 18th (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