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SUI Ecosystem, Berachain Discussion, Mixmob Playbook & More
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Key Takeaways
5 min read
  • Tracking CME discounts and premiums by using (CME:BTC1!-COINBASE:BTCUSD)/COINBASE:BTCUSD on Trading View.
  • 3Pool on Curve left with 200mil TVL as other stablecoins have better yields.
  • Particle Trade Alpha Test shared.
  • Deep discussion on SUI and speculation on SUI token launches.
  • Berachain described as puzzling as members encouraged each other to share more information.
  • Mention of Mixmob playbook and holding capsules after TGE.
  • Irreversible v2 upgrade for Matchcastle.

Community Channels

War Room

Tracking CME Premium/Discounts

  • Member posed a question on tracking CME premiums and discounts.
  • Another member shared that they are able to track the CME premium and discounts by plugging in the formula: (CME:BTC1!-COINBASE:BTCUSD)/COINBASE:BTCUSD into Trading View.
  • The member subsequently mentioned that there is a need to pay for CME data feed, else there will be a 10-15 minutes delay.

3Pool on Curve Discussion

  • Member checked 3Pool on Curve after a long time and realised that TVL has dropped to only 200mil.
  • Another member shared that there are many alternatives for stablecoins with higher yield across chains.
  • The member also shared that both FraxsDAI and FraxPYUSD have 160mil TVL on Curve ETH.

Trading

Discussion on Predictions and Execution

  • Members discussed the importance of execution in addition to making predictions in trading. They emphasized that even accurate predictions can lead to poor results if not executed correctly. One member shared their experience with calling WIF and not executing it well. The conversation also touched upon the potential pitfalls of placing too much value on hindsight predictions and the danger of blindly following any individual's thoughts or predictions.

Portfolio Management

  • A member shared that they sold 30% of their portfolio back to cash to secure some profits. They mentioned that their systems are providing sell signals on higher timeframes, leading them to take a risk-off position on BTC.

Particle Trade Alpha Test

  • A member shared some invite codes for the alpha test of Particle Trade, a platform for permissionless leverage trading for any digital asset, from ERC20 tokens to NFTs. They provided the invite codes and shared the link to Particle Trade and their Twitter page.

Tokens

SUI Bullishness

  • A member shared that they are looking into SUI ecosystem projects such as Cetus Token, FlowX Finance, Turbos.
  • Another member shared their observation that after FTX crashed, mystenlabs bought back all SUI tokens owned by them but Aptos did not.
  • They also shared that the creator of MOVE language is a co-founder of SUI.
  • Native USDC coming to SUI.
  • Members discussed a sudden bullishness on SUI, questioning if the tech had improved overnight.
  • One member mentioned that Market Makers (MMs) had been incentivised to trade SUI a few months ago, and these incentives are set to last for 6 months. The same member also heard that SUI is focusing on their perpetual decentralized exchanges (perp dexes) and aims to have successful token launches.
  • Another member brought up the ~19.5% APY on SUI when supplied to Navi or Scallop, with the SUI foundation supplying the bonus APY. They speculated that this could be related to the MM incentivisation.

Airdrop for TIA stakers

  • Member shared that MOVE-based, TIA-integrated, Movement have confirmed airdrop for TIA stakers.
  • Member also agreed with Taiki's thesis that TIA will be this cycle's schelling point.

ZKFair Project

  • A member introduced the community to a project named zkfair, a community-owned Layer 2 (L2) protocol that recently had a fair launch. The project, with over 100 million in Total Value Locked (TVL) and a Fully Diluted Valuation (FDV) of 200 million, is primarily based in China. They shared the project's Twitter page.
  • Another member mentioned that zkfair had a drop and advised others to check their eligibility. However, they could not recall the qualification requirements.

Navi Token Speculation

  • One member speculated a token launch from Navi within a 6-month period, based on their personal decision to lend on Navi.
  • Another member guessed that the Token Generation Event (TGE) would probably happen in a few weeks.

Airdrops

Beradrome Airdrop and Berachain's Allocation

  • Members discussed the Beradrome airdrop and Berachain's allocation. The majority of the airdrop is expected to be given out to the Tour de Berance holders rather than airdrop farmers.
  • A member mentioned claiming their test bera via Beradrome every day, despite the public faucet being down.
  • There are several quests for the testnet on the Beradrome's website which might be attracting many farmers. However, some members have not participated in these quests yet.
  • The ecosystem is described as puzzling and members are encouraged to share any additional information they may have.
  • It was confirmed that public faucets are currently down, causing some inconvenience for members wanting to contribute by testing.

SAGA Airdrop for TIA Stakers

  • A member inquired about SAGA airdrop for TIA stakers, specifically referring to saga.xyz and not the phone brand.

NFTs and Gaming

Mixmob Playbook and Capsules

  • Members discussed the Mixmob playbook and the implications of holding capsules after the Token Generation Event (TGE). It was noted that doing so would yield 5,555 MXM, but no Trait bonus.
  • An alternative strategy mentioned was to open capsules and hold the bot, which would also result in 5,555 MXM along with the added benefit of the Trait bonus, an additional amount of $MXM.
  • One member shared their personal strategy of opening their capsules and planning to hold until the drop. They also noted that the Phase 1 whitelist with guaranteed allocation was the only category that didn't sell out, implying that the community may be spoiled for choice. The public phase, in contrast, sold out in just 12 minutes.

Matchcastle v2 Upgrade

  • Member posed a question on Matchcastle v2 upgrade, checking if it is necessary to do the upgrade.
  • Another member shared that there is a requirement to dream it before turning on antenna mode and it is irreversible.
  • There was also a mention of "season 0 cutoff".

Degen Bets

WINAMP Trading

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War Room - 20 November 2023
Alpha
Disclosure: The authors of this content and members of Nansen may be participating or invested in some of the protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Nansen does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Nansen at any time without notice. Nansen accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.