Happy Cat narxiHAPPY

RT @yrschrade: I am very happy. After a long year of work we closed the first deal with a big institution. @ArciumHQ and @solana are going…

So happy to all the doods who popped out for the first discord sesh Next sticky sesh soon.

Alpha: two high-conviction farming opportunities just went live 👀 But let me set the stage first: Maybe one or the other has heard by now that I’m a huge fan of @infinex. One of the main reasons is my belief that while DeFi is one of crypto’s most powerful use cases, it still has a long way to go in terms of UX and convenience for the average user. Infinex nails this with its seamless swidging experience and the upcoming Infinex Connect update. Everything they build revolves around one core question: How can we create the best possible experience for users to bring them into crypto and keep them sticky long-term? One of the biggest remaining pain points in DeFi? Yield farming. It's fragmented across chains, spread over protocols with questionable security, and requires constant monitoring to optimize effectively. For retail users - like your mum or mine - it’s a nightmare. No wonder they stay away. Now imagine a protocol that just works: Simple deposit Optimized yield Smart risk models protecting users in the background No headaches Recently, not one, but two standout protocols have gone live on mainnet that are doing exactly this. I’ve had them on my radar for a while, and now they’re both launching incentive programs that are in my opinion heavily underfarmed at the moment. 1) Cove (@cove_fi) - Led by @devops199fan, co-founder of the legendary, crypto-native investment collective @egirl_capital. Backed by @ElectricCapital, @robotventures, and more - Just launched their mainnet product today (congrats) - Built with @gauntlet_xyz on the backend for institutional-grade risk modeling - Allocated 8% of the total token supply to first-year liquidity mining incentives TVL is still very low → rewards are disproportionately high right now Early mover advantage is real here. I expect this to change quickly as word gets out. 2) YO (@yield) - Developed by the @ExponentialDeFi team - highly respected DeFi veterans - YO is their consumer-facing product, built on top of risk infrastructure they’ve refined over several years - Backed by @paradigm, @HaunVentures, and prominent angels like @balajis, @hasufl, @APompliano and many more - Launched ~2 weeks ago - Live points campaign with reward multipliers up to 7x for early users - TVL currently just above $20M - still early, but growing steadily Strong risk frameworks, excellent product, and a powerhouse backer list. Still it’s flying under the radar - for now. Why I’m Paying Attention: I’ve used both products, spoken to both teams, and personally deposited into their vaults. The direction they’re taking reminds me of what @kaiynne is doing: Bringing veteran-level UX to DeFi in a way that’s finally accessible for non-crypto-natives. Don’t sleep on these. DeFi’s next wave is about usability. And these two protocols are definitely contributing to it. Let me know if you’re jumping in or have questions - happy to dive deeper.

TL;DR Earlier this month, he entered a long BTC position with roughly $390 million. The bet initially had a liquidation price of $96,600 and a margin of just south of $10 million. In the following days, Wynn increased the position to a whopping $1.25 billion with 40x leverage. At one point, the trader was at the crest of the wave, standing at the staggering $87 million in unrealized profit due to BTC’s price rally above $110,000. However, towards the end of last week, the asset’s valuation (and the entire cryptocurrency market) retraced following Donald Trump’s threat to impose tariffs of 50% on the European Union, effective from June 1. Logically, the downtrend wiped out a significant chunk of Wynn’s gains. He then flipped bearish on the asset, opening a short position of 1,038 BTC at $107,711 with a liquidation price of $149,100. Eventually, the trader called it quits , closing all contracts with a profit of $25 million. The whale’s actions were praised by many X users, with some calling him a “legend.” Others, though, have not been so kind, wishing to see him in the red. Wynn prepared a special post for those stating: The blockchain analytics platform Lookonchain revealed that just a few hours after announcing the profit, the trader “was back in the casino” and continued to long BTC with 40x leverage. “The portion size reaches 684 BTC ($75.34M), and the liquidation price is $103,120,” the entity stated on May 26. Subsequently, Wynn increased his long position to 5,676 BTC, with a liquidation price of $108,010. Besides interacting with BTC, Wynn is known as a proponent of PEPE and opened several positions involving the asset. Back in the day, he spent $182,000 to purchase 7.2 trillion tokens. He sold 6.76 trillion PEPE for almost $34 million and left 443.7 billion PEPE (worth over $6 million at current rates). Lookonchain revealed that Wynn had been actively trading the meme coin on Hyperquid lately, making four profitable trades that netted $25.4 million. The platform later estimated that the whale deposited 240 billion PEPE into Binance, raising the question of whether he was preparing to cash out. Shortly after, the entity disclosed that it seemed like Wynn had sold the stash to fund his long BTC position and informed that he deposited the remainder of his PEPE holdings into the exchange. The whale executed his whopping long and short positions on the decentralized exchange Hyperliquid, and these trades were visible to other market participants. Lookonchain revealed the case of one savvy trader who bet against Wynn’s actions and, in just three days, made $5.6 million. Specifically, they shorted BTC every time Wynn went long and vice versa. On May 24, trader 0x2258 opened a short position in BTC and ETH and closed it the following day, realizing a profit of $1.36 million. Then, Wynn opened a BTC short position, while the other trader went long on BTC and ETH, only to make a profit of $2.54 million on May 26. Finally, the unknown industry participant opened short positions on the two cryptocurrencies, generating a profit of $1.7 million (at least on paper). Some speculated that the mysterious trader might be Wynn operating from another account to hedge his bets. However, the whale rejected the rumors, saying : “Not happy with this post at all. Whoever trader 0x2258 is, it is not me and have no clue who it is. I only trade on one HL account and that’s public. Don’t start spreading fake news with zero proof.” The most recent Lookonchain update, though, paints a painful picture for the whale. It reads that it took him 70 days to build the aforementioned $87 million portfolio (at its peak) but only five days to lose almost all of it.

RT @taniadelrio: Happy Wizard Wednesday and welcome to issue #123 of the illustrious Cult Content Chronicle where we feature all the amazin…