Category: EN
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Early September 2024 Update
To our friends and supporters: So much for a quiet summer! Just as things were looking like they were going to coast into Q4, macro markets were punctured with a historic move in early August which sent tidal waves across all asset classes. While prices have recovered somewhat, it doesn’t appear that we are fully…
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BNB Chain Now Officially Supported on SOFA.org: Unlocking New Opportunities for Our Community
We are excited to share a significant milestone for the SOFA community: the official integration of the BNB Chain into our platform. This development marks a pivotal step in enhancing user experience and expanding our ecosystem, allowing us to offer even more innovative features and functionalities. With this integration, we aim to create a more…
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September 24 Market Commentary
Ether ETFs have recorded the worst outflows The current crypto rally remains driven entirely by macro factors and expectations of a Fed ease, rather than idiosyncratic reasons. As such, expressions of beta exposures remain squarely on BTC which has a simple and relatable narrative with the TradFi audience, whereas ETH remains a bit of a…
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SOFA Expands Earn Protocol to Support $RCH Deposits: Enhanced Yield Opportunities for $RCH Holders
In a strategic move to enhance user experience and maximize the utility of its native token, SOFA.org has expanded its existing Earn Protocol to support $RCH as a deposit option. This update allows $RCH holders to generate yields directly through the platform’s structured products, including Rangebound, Bull Trend, and Bear Trend. With this latest addition,…
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$RCH is Live on Curve Lend!
The SOFA team is thrilled to announce our upcoming support for and integration into Curve’s Lending Protocol! Ever since our inception, one of our key long term missions is to expand the SOFA ecosystem and to leverage the various leading on-chain protocols to build out DeFi’s promise as a viable financial infrastructure alternative. We have…
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50 is the New 25
After being in cruise control for most of the week, Friday saw a sudden repricing of the odds of a 50bp cut in September from ~15% to ~50%, with little news to blame. Economic data was mostly in-line and a non-factor, and the Fed remains in official communication blackout, leaving participants to speculate that it…
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September 12 Market Commentary
Trump-harris debate insights A well-anticipated Presidential debate that appeared to have ended in Kamala’s favor pushed her election betting odds back in the lead. However, markets had little time to digest before a stickier-than-expected CPI, driven by a surge in OER (owner’s equivalent rent), dampened any real chance for a 50bp rate cut next week.…
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On the Precipice?
US equities suffered their worst weekly close since March 2023, while yields closed at around their lowest levels this year following a disappointing NFP that revived concerns over an incoming recession with a Fed that’s increasingly seen as being behind the curve. NFP came in at +142k in new jobs created (vs 160k consensus), along…
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September 6 Market Commentary
Thoughts on the data released by TMR and what is the good/bad scenario for BTC price? Markets are currently in the middle of an important regime change which is historically the most volatile juncture for macro assets. A suddenly weakening US economy with slowing inflation shifted the macro narrative from “higher for longer” to “are…
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September 4 Market Commentary
What caused the slide of more than 2% of Nasdaq and others yesterday as well crypto now in 57k range again Crypto prices saw the risk-off move lower with BTC falling back to its recent range on the Nasdaq sell-off, though sentiment appears to be getting increasingly wary by the day without an obvious catalyst…