Daily Crypto NewsEDITION #32, 18 April 2022

Return of the prodigal Daddy

Hey Moni Maker

Hey, you! Did you miss me, you little Mister? Yeah... Uncle Yield Duck's been on a bit of a bender. 

The guys from Delta.Theta and Moni Talks are here - they say I'm tired of drinking, let's do digests, ok... 

Anyway, I'm back on track. I'm doing Digests again. Let's walk!

I came back from holiday, and nothing grows in the f@cking crypto garden... The SEC aphids are eating everything up... and the weather in general sucks... well, okay.  

What about the local stories? For example, Ethereum made minus three and a penny billion (about 2.6 per cent). It seems to have lost less than the market in relative terms. What does that mean? Why are you asking me? Am I supposed to know everything? All right, let's find out!

Overall, TVL of all blockchains did a small local free drive following the rest of the market, and the week ended with minus 10 billion green fiat coins (which is something like 4.5 per cent).

Well, such challenging times. Well, such challenging times. The Avalanche chart does not live up to its name and has looked flat lately. Down 1 billion in the last week (7.7%).

Although Solana has the most active devs, its TVL has fallen as much as the others: by 400 million in one week (6.8%).

Projects' news

The Apwine website has posted a proposal to set up an APW liquidity mining pool at Bancor and allocate 400k tokens.  The proposal aims to give 127,000 APWine to the Bancor 3 Dual liquidity mining programme to maximise the reward of 50,000 BNT to be paid to APWine LP holders. The proposal is justified by further deepening APWine's relationship with Bancor.

Ava Labs Inc, Avalanche's leading blockchain developer, has raised a new round of funding. The company's updated valuation will make it one of the highest valued cryptocurrency startups in the world. Ava Labs Inc. is raising $350 million for a total valuation of $5.25 billion. Speaking of TVL, this blockchain has made significant growth in this metric at the end of 2021 and is now fourth in the final rankings after Ethereum, Terra and BSC.

Terraform Labs, the UST Algorithmic Stablecoin (UST) developer and its LUNA token, has transferred 10 million LUNA tokens worth $820 million to Luna Foundation Guard (LFG), a non-profit organisation that builds BTC reserves for UST. Less than 4 hours after receipt, LFG sold all 10 million tokens. At the time of the deal, LUNA was trading at $88. Since then, its exchange rate has fallen by more than 6% to $82.

And now I'm going to share some interesting farming ideas with you. I've listed them down into three parts by risk profile: low, medium, and high (IT’S REALLY DANGEROUS).

Even though Delta.Theta did a good analysis, DYOR on your part is necessary! DYOR is a f@cking mask when you walk into a store! You can't go into projects without it! Gooooo!

Low Risk
Slightly less than Anchor but not a bad Ethereum alternative for diversification. 

Medium Risk

Simple: you convert your PTP to ecdPTP and stake ecdPTP to earn ECD. That's the kind of ejaculate avalanche scheme.

High Risk

Nuclear staking on Solana. Ah, thermonuclear, because of Sunny. 

Anyway, if you lose the money, don't even think about coming to my ranch. I'll cut your ass off and you won't be able to sit in crypto anymore. All right, I'm kidding. I'm gonna go finish my milk and go to sleep.

Follow my homies everywhere. Otherwise, there won't be any more digests!

Delta.Theta: Twitter and Telegram.

Moni Talks: Twitter and Telegram. And leave your feedback in the chat. If you don't, I'll shoot you in the face. See, farmer.