Category: EN
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Seasonally Worst
Spot the Outlier? Last week was a relatively quieter week, where global equities basically retraced to their interim highs and US treasuries ending the month at the lower end of August range. Data was supportive with Q2 GDP revised up to a 3.0% handle, initial claims coming steady on a week-on-week basis, and PCE confirming…
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September 2 Market Commentary
August’s monthly data shows that DeFi protocol fees and revenue dropped over 20% to their lows since February. What’s happned in August and will this likely persist in the future? DeFi activity is generally tied to the overall sentiment and market cap of crypto tokens, in the same way that a higher stock market creates…
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August 30 Market Commentary
Weekly Analysis An expectedly uneventful week came and went, with global equities basically having retraced to their interim highs, and the highly anticipated (and over scrutinized) Nvidia results saw some wild intraday noise, but ultimately passed as a non-event as the tech giant mostly met its lofty expectations. Data was supportive with Q2 GDP revised…
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August 28 Market Commentary
what’s behind the broad crypto market downturn today？ Crypto prices had a poor session, despite major macro assets remaining flat in a holding pattern. BTC ETFs saw a very large $127 million in outflows as traders appeared to take profit after the Jackson Hole rally, while ETH continued its poor momentum with the 9th consecutive…
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August 26 Market Commentary
thoughts on the Jackson hole meeting over the weekend and what can we expect crypto market for this week Macro markets went into this weekend with strong expectations on a dovish Powell, and the chairman surprisingly managed to ‘out-dove’ expectations where he basically committed the Fed to the easing path and doing ‘what is needed’…
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SOFA.org Integrates Chainlink Automation and Functions To Help Power Its Asset Settlement Framework
We’re excited to announce that SOFA.org— a non-profit DAO dedicated to developing a comprehensive asset settlement framework onchain — has integrated Chainlink Functions and Chainlink Automation, the industry-standard serverless Web3 developer platform and smart contract automation service, on Arbitrum mainnet. Specifically, SOFA.org is leveraging Chainlink Functions to provide smart contracts access to trust-minimized compute infrastructure, allowing us to fetch data from…
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Achievements and Future Plans: A Mid-Summer Update from SOFA.org
Dear friends, As we head into the dog days of summer, we thought it would be opportune to take a look back and reflect on the journey we have made collectively since launch. What We have Achieved Launch The SOFA protocol was launched on June 7, 2024 alongside $RCH, our 100% fair-launch token. The launch…
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SOFA.org: USDT Success, USDC Up Next
Since our protocol launched nearly 2 months ago, the SOFA team has been busy at work on expanding our protocol functions, including the launch of our leveraged product and new token denominations including stETH and USDC. As the next dominant stablecoin to be on-board with all our SOFA products, we wanted to highlight some of…
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Announcing Integration with Lido
The SOFA.org team is proud to announce our official support for stETH. With @LidoFinance being the leading OG liquid staking protocol on Ethereum, SOFA is proud to be the first on-chain return enhancement solution for stETH via our structured products. Our diversified and customizable product suite offer users an alternative and uncorrelated way to compound their rebased stETH rewards, showcasing…
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SOFA.org Spotlight: Bi-Weekly Update
To our friends and supporters: It’s been a wild few weeks for all of us here at the SOFA team. The wild market volatility across the overall crypto space notwithstanding, but our official X account was erroneously suspended by their overly-zealous algorithms. But thanks to the gracious assistance from our DAO partners, we were able…