5 Alpha Tweets - The Significance of Solana Mania, Crypto Theses for 2024 & More
Welcome to the alpha please newsletter. I curate five alpha tweets every Friday; that’s it, that’s the newsletter.
The bullish conditions continue. SOL in particular has had a huge move and alts on Solna have been going parabolic. I have featured a lot of SOL content in here over the last 12 months, so I hope you were able to benefit from that.
ETH +L2s are looking like they might be setting up for their rally next.
I wish you all a very Merry Christmas and hope you have a great break with your family and friends.
Your weekly reading:
(*All the screenshots will take you to Twitter if you click.)
1. Being late vs early
Interesting analysis of market phases and some ecosystems to research and be early to.
2. The significance of the recent Solana mania
Qiao gives his view on Solana and why what’s happening right now is very significant for the rest of the cycle.
3. Trading the ETF news
A lot of crypto traders and investors are thinking about how to position themselves for the ETF approval news, Mark offers some food for thought.
4. Liquid Restaking Tokens
LRTs are the new hot acronym in the Ethereum ecosystem and offering some very juicy yield opportunities. Here’s a good breakdown.
5. Crypto Theses for 2024
Stacy takes a look at the annual Messari report and picks out some key insights.
Random protocol update
EigenLayer hit $1B in TVL after raising their caps. This is a protocol to keep on eye. Will launch fully in 2024.
New section in this newsletter going forward. I think this is the best strategy for farming Eigen. Kelp has a shot at being the Lido of EigenLayer. Full thesis here.
How to earn enhanced ETH yield, EigenLayer points (future EIGEN + Kelp miles (future KELP):
• Stake ETH for ETHx (use a DEX aggregator to swap, or stake on Stader Labs app)
• Stake ETHx (get an additional bonus with ETHx) on Kelp and receive rsETH (that's it!)
You can use my link for Kelp and you will get an additional 10% boost on your Kelp Miles.
*withdrawals from Kelp will be enabled end of January and rsETH will start to become liquid so you can use it in DeFi. This is a new protocol, so please please manage your risk. Only stake what you are willing to lose.
*I’ve partnered with Kelp and am using the protocol myself, but I’m putting this in the newsletter because I think it’s a good strategy.
alpha_pls tweet of the week
Long list of Solana based protocols where you can earn points for future airdrops. The recent JTO drop was life changing for many (I shared in here many times). Always manage your risk of course.
Grass is an under the radar project, which will be launching on Solana.
Grass sells unused internet bandwidth to companies who need it to view the web. Until now, other people have sold this bandwidth without compensating you. Early users will earn the GRASS token.
It takes two minutes to set up the chrome extension and it runs in the background. Grass is in invite only beta, but you can click my referral link below to get going.
I also wrote a thread about it here, if you want to know more.
And that’s your alpha.
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Crypto currencies are very risky assets and you can lose all of your money. Do your own research