This week's crypto event roundup: 10 major crypto events including ETH ETF listing and potential airdrop opportunities
TechFlow Selected TechFlow Selected
This week's crypto event roundup: 10 major crypto events including ETH ETF listing and potential airdrop opportunities
Learn how to earn Fluid yields by borrowing USDC, while also qualifying for the Elixir airdrop
Navigating Web3 tides with focused insightsAuthor: The DeFi Investor
Translation: TechFlow
Today we'll discuss the following:
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10 crypto events to watch this week
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2 airdrop opportunities
Let’s get started!
Crypto Events to Watch This Week
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Spot ETH ETF Launch - Spot ETH ETFs are expected to receive final approval from the U.S. Securities and Exchange Commission (SEC) this week. This means ETH ETFs could begin trading by the weekend.
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Eclipse Major Announcement - Eclipse, the first Ethereum Layer 2 network powered by the Solana Virtual Machine, is rumored to announce its launch date this week.
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Sanctum Token Launch - The token of Sanctum, the largest tokenless Solana protocol, will be launched on Jupiter's launchpad on July 16. Sanctum allows anyone to create liquid staking tokens for SOL.
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Trader Joe V3 Launch - According to team updates, Trader Joe V3, the DEX, is即将 launching. Its previous version brought major improvements, making it one of the most capital-efficient DEXs.
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Cosmos v18 Upgrade - The upgrade will go live on July 17. It will enhance the utility of the ATOM token by allowing Cosmos Hub governance to decide which CosmWasm contracts can or cannot be deployed on Cosmos.
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XDEFI Wallet Rebrand Reveal - XDEFI Wallet is expected to announce a major rebranding this week. The wallet will also undergo a complete user interface overhaul.
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Macro Event - Speech by Fed Chair Jerome Powell is scheduled for July 15. His remarks could significantly impact the market.
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Radiant Deployment on Base - Radiant will launch on Base this month. It will introduce isolated lending, enabling markets to be created for any memecoin.
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ARB Token Unlocks - $68 million worth of ARB tokens will unlock on July 16. All of these will be distributed to the team, advisors, and investors, accounting for 3% of its circulating supply.
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Chromia MVP Mainnet Launch - Chromia, the first blockchain with a relational database, will launch its mainnet on July 16.
Airdrop Opportunities This Week
Borrow USDC against WBTC collateral and deposit into Elixir
Fluid is the most capital-efficient money market on Ethereum, while Elixir is a tokenless network designed to provide order book liquidity.
If you hold WBTC, this is currently the best way to put it to use.
The wBTC market recently went live on Fluid, and you can earn incentives allocated to the wBTC market by borrowing against it.
Here's a good way to take advantage of this opportunity:
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Create a WBTC/USDC vault position on Fluid
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Deposit WBTC into it
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Borrow USDC against it as collateral (maximum LTV is 80%, but I recommend borrowing around 40-45% LTV to avoid liquidation)
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Go to the Elixir Apothecary page
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Click "mint elxETH" → Click "Or, supply USDC to native integrations" → Then supply USDC to one of the DEX pairs on that page
With this strategy, you can earn yield from Fluid by borrowing USDC, while also qualifying for Elixir's airdrop.
Swap ETH for mETH and deposit into Karak
mETH is Mantle L2's liquid staked ETH token.
Mantle's "Metamorphosis Program" Season 1 recently launched. By holding mETH and using it in DeFi, you’ll earn Powder points.
Powder can be converted into $COOK, the future governance token of Mantle’s liquid staking protocol. As for Karak, it’s a popular restaking protocol.
Here’s how to qualify for both Mantle’s $COOK and Karak airdrops:
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Bridge ETH to Mantle L2 (you can use Stargate for bridging)
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Swap ETH for mETH on Merchant Moe
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Go to Mantle’s Metamorphosis campaign page
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Click "Show more" under Mantle → Click "Deposit mETH in Karak"
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Deposit mETH into Karak
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The DeFi Investor
