Sahicoin Alpha Newsletter (8th Aug 2022)
Welcome to Sahicoin Alpha, the newsletter that brings you the Top Alpha from the Cryptoverse!
Here's what's cooking today
We have a new NFT winner, and it’s called CryptoDickButts!
“I’m not a crypto boy I’m a crypto man”
Bear Market rallies continue
The $740bn Inflation Reduction Act
Updates from Defillama
Meet CryptoDickButts
Imagine showing this headline to someone in 2002 and telling them this is the future.
Do you still believe we’ve seen the bottom?
im_not_a_crypto_boy_im_a_crypto_man
It’s a banger!
What’s crypto without the memes?
Bull in a Bear!
Though in a Bear market, we are witnessing healthy sector-based bounces because of upcoming catalysts.
One of them is the “LSD” trade (liquid staking derivative), which has seen the tokens of ETH staking projects like LDO, SWISE, and RPL outperform because of the upcoming ETH 2.0 merge.
Along with it is Ethereum Classic($ETC), following the narrative that Ethereum Miners will now move into Ethereum Classic once the transition to proof-of-stake(ETH 2.0) completes.
ICYDK: Ethereum Classic uses a proof-of-work(PoW) mechanism for its blockchain, while with ETH 2.0, Ethereum will transition from a PoW mechanism to a proof-of-stake(PoS) mechanism. Only PoW chains have “Miners.”
Alongside there are low-med cap projects like GMX($GMX) and Optimism($OP), catching the soaring TVL and “Real Yield” narrative.
Optimism Total Value Locked(TVL) grew by 280% in a month!
However, be cautious because most of that TVL comes from high OP token emissions on Aave.


Here’s a good thread on GMX


Conclusion: Play the narrative, dump on FOMO buyers, find the next narrative, and repeat!
Not Financial Advice(NFA)!
U.S. Government: Folks, don’t worry we are going to reduce inflation by printing 3/4 of a trillion dollars.
US Senate passes the $740 billion "Inflation Reduction" Act.
“The act will look to fund clean energy initiatives, lower healthcare costs, and create new jobs along with cheaper prescription drugs, tax credits for EV buyers, and raising corporate taxes.”
Let’s get to the memes, shall we?
What do you think? Will it reduce or increase inflation?
Defillama Keeps Shipping
ICYDK, DefiLlama is the go-to website for DeFi TVL and other user metrics.
An update has been pushed, showing the breakdown of yield from fees and from incentives.


They also introduced annotations for important events.
Spotlight
If you’re a degen yield farmer, this will definitely help you!