Daily Brief

Sei's Top Degen Opportunities

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Feb 2, 2024 โ€ข 3 min read
Sei's Top Degen Opportunities
Published on Feb 2, 2024
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FTX Hackers Found
  1. ๐Ÿฅท FTX hackers found. The mystery $400M theft that occurred in FTX's darkest hour has been the subject of much speculation, but Bloomberg reports that a trio of SIM Swappers recently charged by the DOJ were responsible.
  2. ๐Ÿชฟ 3AC founders' OPNX to shut down. The centralized exchange led by Kyle Davies and Su Zhu announced that it will shut down this month.
  3. ๐Ÿ’ธ DCG agrees to $21M settlement. DCG's Genesis group has reached a settlement with the SEC over its Earn product. They'll pay a $21M penalty.
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DeFi's Points Game

๐Ÿ“Š Onchain Points. Points trading is gaining traction among airdrop hunters seeking to monetize their points prior to the distribution of an actual token. How do platforms facilitate points trading, and is this a worthwhile speculative activity for anyone?

Prices as of 4pm ET 24hr 7d
Crypto $1.65T โ†— 0.2% โ†— 2.5%
BTC $43,022 โ†— 0.1% โ†— 2.5%
ETH $2,299 โ†— 0.1% โ†— 2.0%
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5 Degen-Only Opps on Sei
Bankless Author: David C

With its price climbing nearly 3x since Dec 1 and weekly users growing from 5k to over 100k at some points since then, Sei has established itself as an ecosystem to watch!

As we explore these 5 degen-only opportunities, it's crucial to understand the nuances of each project, the potential upside they hold if successful, as well as the risks that come from engaging with a project in its early stage. 

See all 5 Opportunities ๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡


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$JUP Has Landed

Jupiter's airdrop was the talk of crypto this week. Today, we aired our conversation with Jupiter founder Meow, getting his thoughts on how the 'drop went and hearing his future plans for the platform.

Hear the full conversation๐Ÿ‘‡

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This Week's Yield Opps

Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber you're missing out! ๐Ÿ‘‡

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Earn Airdrops!

Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned $10k+ airdrop paydays!

It's airdrop season and plenty of other protocols are preparing to reward early users. Get on their lists. Start hunting!

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. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.