DeFi Alpha: Earn 24% APY with a Tokenized ETH Basis Trade

gm Defiers! Here's today's alpha:

• Market analysis (froth rising)
• Dispatch from the trenches (UNI, PRCL and more)
• Ethena USDe tutorial

Featured Yields and Hot Airdrops now have a dedicated section on the website!

Crypto markets continue to march higher as money pours into Bitcoin ETFs, with inflows of $520M just yesterday and over $6B since the instruments started trading roughly six weeks ago.

BTC is flirting with $57,000 — on track for its best monthly close since December 2021. Euphoria pervades the timeline as numerous fallen angels from the last cycle reemerge.

Meanwhile, from a technical perspective, most crypto assets remain firmly in overbought territory, perpetual funding rates are surging, and sentiment indicators are flashing warning signs.