Andy's Alpha #34: Pudgy Penguins Are Taking Over
Early opportunities I've heard of, builders delivering alpha, timely releases coming soon, and state of the market!
Andy’s Alpha is free. It will always be. If you wanna support my work feel free to hop on the free trial & access all the previous inner circle agendas, then decide if you want to continue:
Pudgy Penguins are at 18 ETH. Are NFTs back?
I’m not particularly sure about the rest of NFTs but the Dymension airdrop to Pudgy holders seems to have kicked off a bit of a frenzy. An OG crypto lad Jebus is saying that this airdrop is a test of steel hands. Will the Pudgy community hold or will they jeet? We’ll see.
Yesterday, we saw another $TIA staker airdrop, for $ALT. The token for AltLayer, one of the prominent RaaS providers in the space is launching shortly. Definitely going to be exciting to see this launch.
The state of the broader crypto market is a bit shaky as it seems that BTC is in sell the news mode. Who knows where this could end up but it’ll be interesting to watch how this plays out. Overall, I’m pretty bullish on the market still and I think were going to make another push. Sure, it seems like we are “pretty f*cked up” as per one of my previous newsletters, but I don’t think people are overly euphoric yet.
NFTs looking pretty good. Pudgy collections in the top 6 for weekly growth. Crazy.
Before we jump into todays post, I wanted to let you know you can start a free trial and upgrade to a premium sub to see the full backlog of posts and receive the upcoming premium newsletter:
SpiralDAO is the official sponsor of Andy’s Alpha.
SpiralDAO is dominating the $veMAV game. They are offering really good yields. If you have seen the Maverick token chart, you’ll be pretty pleased too especially for upcoming MAV airdrop (as seen above) for all stakers in SpiralDAO.
Guuud UI/UX, guuud tech, smart team, easy to work with.
Get started with the high liquid locker yields here. The Maverick wars are starting soon.
Today’s Inspiration
“If you are going through hell, keep going.” — Winston Churchill
Approved Alpha
AI x Crypto:
Safe:
Saga:
Dora Hacks:
Tips from Stacy:
Axelar:
Celestia:
Hot narratives:
IPOR:
Mozaic yields:
stTIA:
The Standard:
DeFi by Design podcast:
Tenderize:
New Celestia dashboard:
Minterest:
Neptune:
Zoth.io:
$ETH and $SOL:
Plena:
Braavos :
Print3r:
DePIN 2024:
Mon Studios:
Modular Blockchain Airdrops:
IntentX:
ZK Rollups:
Entangle:
EigenLayer:
Timely News
Bitcoin ETF obsession:
CoinFund:
#Bitcoin ETF:
CoinDesk:
Data Analysis
DEX volume:
#Bitcoin:
Hot Deals Now
This is a new section I’ve decided would be a great addition to the newsletter because I often have founders who are raising in close contact with me, some deals I ape, some I pass.
Here’s how this works:
I’m going to list out the deals that I have access to along with the public info available. I’ll explain my thoughts on the deal, and sometimes may or may not invest in them myself.
In my private agenda, I’ll share the deals which I entered and why. Also, paid subs will have priority for these deals alongside myself. No we will not do anything together, but if you want in it’s highly likely I can make it happen if I invest as well.
Regardless of subscription status, my personal goal is to democratize access to opportunities for smaller capital & help founders raise more capital, consistently.
Today’s deal flow begins with several quality projects:
Synonym Finance: Synonym is utilizing wormhole to become a REAL cross-chain (or omnichain) money market where users can deposit on one chain and borrow on the other. Users can source liquidity from all the ‘buckets’ within Synonym. Right now the testnet is live, and there will be retroactive rewards for those who aren’t sybilling it. They are looking for some funds/angels if I’m not mistaken.
Swell Network: Swell is one of the biggest LSTs in the market right now, sitting at over $100M. They have raised from some of the biggest angels in crypto and have the backing of Ethereum OGs like Sassano. They have already proven PMF in the space and appear to be a clear leader amongst Lido, RocketPool, Diva, and another teams.
Mode Network: Mode is led by James Ross (link) and he is building a general purpose L2 based on the OP Stack. The “collective co-op” is aiming to share sequencer fees, and offer interesting developer incentives. They are live on testnet now, as well as developer mainnet. They will likely receive a fair amount of support from Optimism. They will launch mainnet in Q4 or early Q1.
Primex Finance: Primex has raised in 2021 at $40M val from GSR and others, and is now looking to do another round in Q1 as they gear up for cross-chain deployments and likely token sometime in 2024. They have launched on Polygon already and you may have seen them in this newsletter from time to time.
Zoth.io: Zoth is a on-chain marketplace which brings fixed income opportunities, offering high yield from RWAs. They are in the middle of their fundraise round, and have about 2M in commit for the 2.5M seed round with Stellar matching fund, BFF, M6 ventures, Huma Finance as sponsors.
If you are interested in a deal, fill out this form here.
Disclaimer: Nothing in this section should be construed as investment advice, financial advice, legal advice, or tax advice. I am not a financial advisor. Investing in early-stage crypto projects is one of the highest risk profiles in the entire world. I, nor The Rollup team, will be entering any deal with you. There may be deals I do without putting them here. There may be deals I don’t do which I put here. I am choosing to do this to help projects and capital allocators connect. If you do invest in one of these projects, I may earn a referral fee or commission. You are responsible for your capital allocations and if you do commit in a round, I am not liable for the success or failure of any given project. Good luck, anon.