DeFi Alpha: Earn 20% APY on eETH + 3x Points with EtherFi Liquid

gm Defiers! Here's today's alpha:

• Market analysis (Fed-fueled bounce)
• Dispatch from the trenches (FriendTech, EigenLayer and more)
• ether.fi Liquid farming guide

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

Market Analysis

Crypto markets bounced back with a bang after Fed chair Powell struck a somewhat dovish tone on Wednesday. Risk assets rallied sharply into the weekend, with Bitcoin and ETH trading at $63,800 and $3,140, respectively, at the time of writing.

Meanwhile, it was another week of net outflows for Bitcoin ETFs, but GBTC had net inflows on Friday for the first time since it converted into an ETF.

No change in my outlook from last week — I remain bullish as long as the recent lows hold. Funding rates remain low despite the recent rally.