ALPHA:
Osmosis has migrated $OSMO rewards from LUNA and UST pools to USDC, DAI, and WETH. APR’s are still quite high since pools are small, but liquidity is rapidly rising. If you’d like to earn yield, you’ll need to bridge funds via Axelar and either buy or use existing $OSMO to pair with your ERC20 tokens.
If you’re a first time user in the Cosmos ecosystem, you’ll need to download the Keplr wallet extension and set up a new address for yourself.
MARKET:
The bleeding across altcoins has continued after the Terra fallout last week, while BTC has found a range. Equities markets gave back all of the temporary gains and the SPY closed well below $4k as Fed chairman Jerome Powell hinted at hiking rates above 50 bps to quell inflation.
It’s brutal out there! Really hard to find positive economic data outside the labor market.
Galaxy claimed a loss of $300m in Q1, 2022. It’s rough out there.
NEWS:
Terra’s CEO is going to have a lot of conversations with lawyers and politicians in the coming months.
GCR covered his winning bet with a purchase of LUNA that cost $0.72. Epic troll
$600m fund for GameFi
The Luna Foundation Guard realized >$750mm in losses trying to defend the UST peg
Bear market confirmed:
REGULATORY:
RUGS:
Chainlink oracle never expected LUNA price to go below $0.10
POD O’ THE WEEK:
If you haven’t heard from Kevin of Galois Capital, he is the far and away winner of the Terra saga.
Ethropy Referral Links
Osmosis Validator for Four Moons - Delegate $OSMO
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Ethropy Wallet - ethropy.eth
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TradingView Referral - Get $30 off annual Subscription