DeFi Alpha: Using Phoenix on Solana for a Potential Airdrop

gm Defiers! Here's today's alpha:

• Market analysis (more consolidation)
• Dispatch from the trenches (Renzo depeg, Fantasy.top and more)
• Phoenix DEX airdrop guide

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

Market Analysis

Last week’s nascent rally was cut short by a weak U.S. GDP report, which sent global markets tumbling.

However, not much has changed in the bigger picture, as Bitcoin continues to trade within the $60K-$68K range that has largely contained it since early March.

Notably, ETH hit a fresh local high above $3,300 on Saturday, with ETH/BTC rebounding sharply from a 3-year low.

Meanwhile, Bitcoin ETFs saw another week of net outflows.