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Alpha Leak

July 9th, 2021

Bitcoin and other major coins stayed sideways this week, leaving everyone watching for the next move. In this week’s Daily posts, we explored signals like BTC falling volume and open interest, DeFi’s relatively good performance, and short sellers on Bitfinex. For clients, we also have a fresh report on Alpha’s money markets, as well as updated Yield Strats. Finally, on the podcast side, we sat down with the creators behind AlphaSomnium Space, and Ava Labs. Plenty of alpha to dig through over the weekend.

Stay degen,

Nick
@NpappaG

Here were the highlights from this week’s research:

[Delphi Daily]​​​​ DeFi Roaring, Axie Soaring, and NFTs No Longer Boring

  • The crypto market opened the day strong with a rare bullish session coming out of Asia. But that momentum was nipped in the bud during the London session. BTC is currently in the process of printing a bearish looking pinbar candle on the daily, and things aren’t looking too hot on lower time frame charts.
  • Delphi Daily subscribers & clients can see the full brief here.

[Research Reports] Money Market ALPHA

  • Alpha trades at a relatively cheap P/E ratio compared to its peer group. This is likely due to the market pricing in a drag on earnings from the protocol’s debt to Cream.
  • Delphi Institutional subscribers & clients can see the full brief here.

[Yield Strats] Yield Strats #17

  • In this week’s edition, we cover yield farming opportunities for Kyber’s Rainmaker DMM on Ethereum and Polygon, and Balancer on Polygon.
  • Delphi Insights and Institutional subscribers & clients can see the full brief here.

Delphi Daily Of The Week

[Delphi Daily] Load the Bitfinex Shorts, dApp Revenues, ENS Grows

  • BTC is down 3.5% today as it makes way towards the range low. After a fun few days, alt season may have been short-lived; AXS has been hit the worst, down 22% in the last 24 hours. In today’s edition, we cover the re-emergence of Bitfinex shorts and why June wasn’t such a bad month after all.

Get The Full Daily for Free

Featured Podcast

Host Piers Kicks, sits down for Episode 31 of Metaverse Musings with Artur Sychov, the Founder of Somnium Space, to cover his immensely exciting virtual reality project. It really feels as though Artur is already living in the future, as he constantly strives to push the boundaries of what virtual reality has to offer with his deep passion for the sector.

Guest Host and Research Analyst at Delphi Ventures Can Gurel sits down with John Wu, president of Ava Labs, the creators behind the 3rd generation blockchain platform Avalanche. Avalanche is built from the ground up as a platform to host interoperable blockchains and enable both permissionless and permissioned use cases to bring new financial primitives into crypto.

 

As mentioned, we will continue to iterate on the design of our Delphi Debrief based on your feedback—so please let us know which section you enjoy the most and what else you’d like to see!

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