The crypto landscape for 2025–2026 is shaping up to be a battle between established giants like Ethereum and Solana, and fast-rising challengers like Hyperliquid (HYPE). With the launch of HyperEVM, Hyperliquid has the chance to expand from its stronghold in perpetual trading into broader DeFi, Real-World Assets (RWAs), and potentially rival Solana in transaction speed. But how realistic is this vision?
1. HyperEVM: The Gateway to DeFi Expansion
Until now, Hyperliquid has been synonymous with decentralized perpetual trading. It dominates the sector with more than 70% market share, $1.6 trillion in cumulative trading, and over $90M monthly revenue. But the introduction of HyperEVM changes the game.
EVM compatibility means Ethereum-based apps can easily port over.
Zero-gas transactions and sub-second finality give developers and users a frictionless experience.
Liquidity incentives tied to HYPE’s buyback and burn model could bootstrap early adoption.
Outlook: With these advantages, HyperEVM could capture 5–15% of DeFi market share within 1–2 years, pulling liquidity from smaller Ethereum L2s and even attracting new native projects.
2. RWAs: The Tougher Frontier
Real-World Assets are the hottest institutional narrative in crypto, with tokenized treasuries, bonds, and real estate projected to reach $10T+ by 2030.
Ethereum leads this space with BlackRock’s BUIDL fund, MakerDAO, and Centrifuge.
Hyperliquid’s zero-gas and ultra-fast settlement could appeal to smaller issuers and crypto-native RWA protocols.
The challenge is institutional trust and partnerships — Ethereum already has a head start with major financial players.
Outlook: Hyperliquid can carve out niches in crypto-native RWAs, but competing head-to-head with Ethereum’s institutional moat is unlikely in the near term.
3. Speed Wars: Hyperliquid vs. Solana
One of the boldest claims from Hyperliquid is its ability to process 200,000 TPS with 0.2s latency using HyperBFT consensus. On paper, this surpasses Solana’s benchmarks:
Caveat: Many of Hyperliquid’s performance metrics come from high-frequency order processing rather than general-purpose DeFi activity. Solana, meanwhile, has an established NFT, gaming, and memecoin culture that generates organic demand for blockspace.
Outlook: Hyperliquid can rival or even exceed Solana technically. But ecosystem demand — not raw TPS — will decide the winner. Solana has culture; Hyperliquid needs its own beyond perps.
4. Data-Driven Comparison
Feature
Ethereum (ETH)
Solana (SOL)
Hyperliquid (HYPE)
Strengths
Institutional RWAs, L2 ecosystem
High-speed, NFT & retail adoption
Dominates perps, zero-gas DeFi hub
Market Cap (FDV)
$400B+
$100–120B
~$40B
Revenue (annualized)
~$3.5–4B
~$250–300M
~$1.1B
P/S Multiple
100–120x
330–400x
35–40x
TPS / Latency
~30 TPS / ~12s
~1,500 sustained / ~400ms block time
Claims 200k TPS / ~0.2s latency
Cultural Edge
Institutions, DeFi, RWAs
NFTs, gaming, memecoins
Perps culture, DeFi traders
5. Where Hyperliquid Could Dominate
Each chain has carved its niche:
Ethereum: Institutional RWA + L2 hub.
Solana: High-speed retail + NFT culture.
Hyperliquid: Zero-gas perps + DeFi liquidity hub.
If Hyperliquid successfully expands with HyperEVM and builds a broader community around DeFi apps, it could become the go-to chain for active trading, leveraged finance, and liquidity aggregation.
Conclusion
Hyperliquid is not just another L1 experiment. With HyperEVM, it has the tools to:
Pull in DeFi projects from Ethereum.
Capture crypto-native RWA niches.
Rival Solana in transaction throughput.
The question is whether Hyperliquid can grow its ecosystem demand and cultural identity to match its technical prowess. If it does, 2025–2026 could see Hyperliquid evolve from a perps powerhouse into a full-spectrum DeFi chain capable of standing beside Ethereum and Solana.
Ready to Experience Hyperliquid?
Discover the next level of decentralized trading with Hyperliquid. Discover Hyperliquid!
MicroStrategy has transformed itself from a software company into the world’s largest publicly traded Bitcoin proxy. Through its financing arm Strategy, it now offers investors new ways to gain exposure to Bitcoin — each with its own mix of risks and rewards.
How It Works
Every time MicroStrategy or Strategy raises capital — by issuing common stock (MSTR), preferred stock (STRC), or convertible debt — the proceeds are used to buy more Bitcoin.
This creates a flywheel:
Bitcoin rises → balance sheet grows → easier to issue more securities.
Bitcoin falls → balance sheet shrinks → obligations get harder to sustain.
Both MSTR and STRC holders are diluted each time new securities are sold. What differs is how they benefit from Bitcoin’s moves.
Breaking Down the Products
MSTR (common stock): Equity ownership. Gains are leveraged to Bitcoin’s price, but dilution reduces your share.
STRC (preferred stock): Pays ~9% annual dividend. Works like a bond — you don’t own the company, you just expect income. Returns are capped, and dividends depend on Strategy’s ability to fund them.
BTC ETF: Pure Bitcoin exposure. No dilution, no yield, but transparent and liquid.
Physical Bitcoin (self-custody): The purest exposure. No counterparty risk, no dilution, no engineering. But it requires discipline: securing private keys, protecting seed phrases, and resisting the temptation to offload custody to third parties. For long-term believers, this is the safest and most sovereign way to hold Bitcoin.
Where Does STRC’s Yield Come From?
The ~9% yield on STRC doesn’t come from “Bitcoin interest” — it’s financed by Strategy’s capital structure. Dividends can be paid in three ways:
From operating cash flows (MicroStrategy still sells software and services, though this is modest compared to Bitcoin exposure).
From new debt or equity issuance, which brings in fresh capital.
From Bitcoin appreciation, allowing Strategy to borrow against or sell Bitcoin at higher prices.
In a sustained downturn, these sources shrink. If Bitcoin falls far enough, Strategy may need to sell Bitcoin to cover obligations. That creates a potential feedback loop: selling pressure pushes Bitcoin down further, which weakens the balance sheet, forcing more selling.
This loop is the key fragility of the model. Unlike a Bitcoin ETF or self-custody, STRC’s stability depends not just on Bitcoin’s long-term direction, but also on Strategy’s ability to continually finance dividends in rough markets.
Data Snapshot (5-Year Simulation)
Starting BTC price: $116,000
BTC Future Price
Direct BTC
MSTR (leveraged)
STRC (dividends + principal)
$30,000
–74%
–90%+
~+$45k total income
$60,000
–48%
–70%
~+$45k total income
$120,000
~0%
~0%
~+$45k total income
$200,000
+72%
+152%
~+$45k total income
Takeaway:
STRC looks stable — but only if Strategy can keep paying.
MSTR swings harder than Bitcoin in both directions.
ETFs give clean exposure.
Holding Bitcoin directly gives you full upside with no dilution, but puts security in your hands.
Lessons from History
Financial engineering is not new. Past examples — mortgage-backed securities (2008) or structured notes in Europe (2010s) — looked stable until the underlying assets wobbled.
STRC isn’t a scheme — it’s backed by real Bitcoin. But its yield depends entirely on Bitcoin’s long-term path, and new issuances dilute existing holders
ETF: The “Endgame”?
The arrival of spot Bitcoin ETFs brings institutional legitimacy. For many investors, ETFs will be the endgame: simple, regulated, and transparent.
But for others:
MSTR → leverage for amplified gains (and amplified risks).
STRC → yield for those who want Bitcoin-linked income.
Physical Bitcoin → sovereignty for those who can manage self-custody.
Bottom Line
Strategy’s products are clever financial engineering — not scams, but not free of fragility either. Investors must remember: whether through MSTR, STRC, ETFs, or cold storage wallets, all paths ultimately depend on one factor.
If Bitcoin rises, every version of the strategy shines. If it falls, every version suffers — only in different ways.
Since February 2025, President Trump’s escalating tariff announcements have sent shockwaves through global markets. From initial levies on Canada and Mexico to sweeping tariffs affecting 57 countries, each policy shift has triggered significant volatility across equities, cryptocurrencies, and commodities.
Below is a timeline of key tariff-related events, market reactions, and the BTC price swings they triggered.
📆 Timeline of Trump Tariff Announcements vs Market Reactions
Here’s a snapshot of the most volatile days:
📅 Date
🗞️ Announcement
📉 S&P 500
₿ Bitcoin
🪙 Altcoins
🏆Gold
Feb 1
25% tariffs on Canada/Mexico; 10% on China
N/A
-3.0%
-12.0% (XRP, SOL, ETH hardest hit)
~$2,540
Mar 12
25% global steel/aluminum tariffs
-1.5%
-1.5%
-3.0%
~$2,780
Apr 2
Emergency tariffs: 10–54% on 57 countries
-3.4%
-10.0%
-25.0% (market cap halved)
~$3,167
Apr 3–4
Enforcement begins, then recession panic. Aditional tariffs on Israel and Vietnam
-4.88% → -5.97%
-5.0%
-10% to -15% more (Coinbase down 7.7%)
~$3,004
Apr 9
Tariff pause; 25% auto tariffs (China at 125%) sparks rally
+9.52%
+8.0%
+10.0% (XRP, SOL rebound strongest)
~$3,245
Apr 10
Market digests pause; no new announcement
-2.5%
-4%
-5%
~$3,180
Apr 14
Exemptions for electronics (Apple, etc.)
+0.79%
+1.5%
+3.0% (tech-linked alts benefit e.g., Apple shares)
~$3,212
Apr 22
Gold hits record high amid market uncertainty
+0.5%
+2.0%
+4.0%
$3,500 (intraday)
Note: Gold and silver prices are approximate and based on available data.
📊 Visualizing the Chaos
The chart below shows the parallel trajectory of the S&P 500 and Bitcoin through the turbulence of Trump’s trade moves:
🔶 Bitcoin declined across most announcements until the April 9 pause triggered a sharp relief rally.
🔷 The S&P 500 saw sharper daily percentage drops than Bitcoin, highlighting the broad risk-off sentiment.
🟡 Gold held its ground — and then rallied hard — as safe-haven demand returned.
🪙 Altcoins exhibited the most volatility, with sharp losses and rebound attempts tied to macro sentiment.
What This Shows Us
🧯 Crypto ≠ Hedge (At Least Not Short-Term)
Bitcoin mirrored equities more often than not, suggesting that macro fears — like sudden tariff escalations — continue to pull crypto into broader market turbulence.
🎭 Policy Uncertainty Wrecks Confidence
Markets don’t just fear bad news — they fear unpredictability. The Trump strategy of announcing, delaying, then doubling down created persistent anxiety, which hit all asset classes hard.
🕊️ Pause = Relief
The April 9 policy pause was met with immediate risk-on appetite. Stocks, Bitcoin, and altcoins all posted strong gains — highlighting just how starved markets were for clarity.
🧪 Asset Highlights
Altcoins & XRP: Highly sensitive to macro narratives. Saw deep losses on Feb 1 and Apr 2, but also led in rebounds post-pause.
SOL: Frequently among the hardest-hit but also one of the fastest to recover, especially in bullish pockets like Apr 9–14.
Apple & Tech Stocks: Benefited from exemptions. Their recovery lifted tech-linked altcoins and improved sentiment across risk assets.
Ondo Finance: Outperformed many majors during volatility. The RWA narrative continued to resonate as TradFi institutions looked for yield-bearing digital instruments.
Coinbase (COIN): Declined sharply on Apr 3 as fears around U.S. policy spillover weighed heavily on publicly traded crypto firms.
🔭 Where Do We Look From Here?
1. Macro-Driven Markets Are the New Normal
Gone are the days when crypto danced to its own beat. The correlation between equities and crypto is tighter than ever — especially in the face of unpredictable geopolitical and trade policies. When Trump speaks, crypto bleeds, just like stocks.
2. BTC is Resilient, Alts Are Risk-On Bets
Holding alts continues to reflect high-volatility exposure to global risk sentiment. Bitcoin may bounce back after 10% drops, but alts often need coordinated bull runs or macro relief to fully recover.
3. Narrative Is Everything
Projects like Ondo and tokenized real-world asset (RWA) platforms showed signs of strength even during the turbulence. Safe yield and TradFi-linked infrastructure might emerge as the next defensive play in crypto.
🧩 Lessons Learned
Announcements punch first — policy plans are often priced in before they take effect.
Delays still sting — the Feb 1 to Mar 4 window saw markets fall before the actual implementation.
Watch for pivots — April 9’s sudden pause reversed days of damage.
Diversification matters — BTC declined 3–10%; alts dropped 10–30%. Risk tolerance is more important than ever.
🧭 Navigating the Tariff Pause
The current 90-day pause on escalations gives markets some breathing room. But if this cycle has shown anything, it’s that traders today need to be macro-aware, responsive, and measured. Crypto is no longer isolated — it’s macro-attached.
🌅 Is a Bitcoin Decoupling on the Horizon?
While Bitcoin has largely traded like a risk asset during recent macro shocks, its long-term fundamentals — such as fixed supply, decentralized settlement, and increasing adoption by sovereigns and institutions — may lay the groundwork for future decoupling. As traditional markets face growing debt burdens and monetary interventions, Bitcoin’s digital scarcity could start to resonate more like gold than tech — especially if the demand for neutral, self-custodied assets rises in politically volatile environments.
🏆 Gold: The Traditional Safe Haven
Gold’s climb from ~$2,540 to $3,500 during this window reinforces its role as a traditional hedge. But it’s worth noting that the paper-to-physical gold ratio (sometimes exceeding 100:1) raises questions about how accurately markets price real demand — especially in a crisis. Structural fragility could still impact how gold performs in future market stress.
🥈 Silver: The Underestimated Play
While less discussed, silver posted meaningful gains in tandem with gold. With gold peaking, one key metric to watch closely is the gold-to-silver ratio — currently near historically high levels. When this ratio stretches (e.g., 80:1 or higher), it has often marked strong buying windows for silver. Historically, silver tends to play catch-up in late-stage commodity rallies, offering outsized upside when capital flows rotate from gold into undervalued metals.
Here’s a historical chart of the Gold-to-Silver ratio from 2020 to 2025, highlighting how we’re again near the 80–100 range — a zone that has often preceded strong silver rallies.
The buzz around Monad is growing, and for good reason. Positioned as an ultra-efficient Ethereum-compatible Layer 1 blockchain, Monad promises to revolutionize scalability while maintaining full EVM compatibility. With backing from top-tier investors like Dragonfly Capital, the project has gained significant attention even before launch. Given the trends in the crypto space, an airdrop for early adopters seems highly likely. In this article, we’ll explore how you can position yourself for a potential airdrop.
It’s important to note that testnet transactions will not necessarily qualify for an airdrop, so maybe it’s worth interacting with it without investing too much time.
Check Monad explorer
The first step is to check the Monad explorer to see if you received any test tokens. Follow this link and paste your EVM wallet address. Receiving tokens isn’t a guarantee that you’ll get the airdrop, but it’s a good start. If you didn’t receive any, you can claim daily testnet tokens.
Claim testnet tokens daily
Go to https://testnet.monad.xyz/ and enter your EVM wallet address, solve the Captcha and request your test tokens. You can claim every 12 hours. You can also add the monad testnet to your favorite EVM wallet. The amount varies based on wallet activity and community involvement.
Engage with Testnet dApps
Interact with decentralized applications within the Monad ecosystem to increase your chances of qualifying for potential airdrops. Since this is a testnet, the risks are limited. However, if your wallet holds funds on other chains, a small risk remains. To stay safe, only interact with well-known and trusted applications.
On the Monad testnet page, you can find a list of featured applications as well as a complete list of all available applications. We’ll go over a few of them.
Magic Eden NFTs
Explore NFT collections on Magic Eden and See available Mints. Try minting a few NFTs and regularly check for free mint opportunities.
Listed Memecoins
Get some of the featured Memcoins. This will create transactions throught Uniswap.
Fantasy top
If you have some time, you can try fantasy top. You can find some good tutorials on Youtube.
Owlto bridge
You can deploy a smart contract through owlto finance.
You can also bridge some ETH from Sepolia Testnet through owlto too:
Koii Network is a decentralized protocol focused on creating a scalable and community-driven infrastructure for the internet. By building the world’s largest supercomputer through a decentralized network of nodes, Koii provides a solution for developers, content creators, and node operators to earn rewards by offering computational power and decentralized hosting services.
Let’s dive into Koii’s architecture, its closest competitors, how it differentiates itself, its monetization strategies, and its potential.
Architecture of Koii Network
Koii’s decentralized structure is designed to simplify the launch of decentralized infrastructure and enhance the overall scalability of Web3 applications. The network operates on a combination of blockchain technology and peer-to-peer architecture, enabling diverse use cases.
Koii Nodes Koii Nodes provide decentralized hosting, computation, and validation of transactions on the network. Operators of Koii nodes contribute to maintaining the infrastructure and receive rewards for their participation. These nodes are crucial in offering reliable services for dApps and other decentralized solutions built within the ecosystem.
K2 Settlement Layer Koii’s settlement layer, called K2, is designed to facilitate the movement of value across the network. It anchors consensus mechanisms and supports decentralized applications (dApps) running on the Koii network. This layer utilizes Koii’s native token ($KOII) for transaction fees.
Developer Toolkit Koii provides a comprehensive Software Development Kit (SDK) to make it easier for developers to create fast, scalable, and private decentralized applications. The SDK allows developers to deploy dApps quickly while utilizing the decentralized hosting and computational capabilities provided by Koii nodes.
Proof of Real Work (PoRW) Tasks in Koii Network are validated using PoRW, a mechanism designed to ensure fair compensation for actual computational and hosting contributions.
Get Started with Koii Network
Turn any computer into a passive income generating node in 5 minutes. Join now. By following the link, you can download your node, access a full tutorial to get started, and, for a limited time, receive free $KOII tokens to begin your journey.
Closest Competitors and Differentiation
Koii Network faces competition from other decentralized infrastructure projects like Akash Network and Render Network.
Akash Network: A decentralized cloud computing marketplace allowing users to buy and sell computing resources.
Render Network: Focuses on decentralized GPU rendering, connecting artists with GPU owners to facilitate rendering tasks.
Arweave: Koii Network and Arweave cater to different aspects of the decentralized ecosystem. While Arweave specializes in permanent data storage with its unique Proof-of-Access (PoA) mechanism, Koii focuses on decentralized hosting, computation, and application development using Proof-of-Real-Work (PoRW). Koii’s flexibility is enhanced by its integration with IPFS and Filecoin for storage, making it more versatile than Arweave’s single-layer permanent storage model. Additionally, Koii’s lightweight nodes allow broader global participation compared to Arweave’s more hardware-intensive requirements. These differences make Koii ideal for hosting and computation tasks, while Arweave excels in long-term, immutable data archiving.
How Koii Differentiates Itself:
Versatility in Token Compensation: Unlike many DePINs (Decentralized Physical Infrastructure Networks), Koii allows any existing token to be used for paying node operators, offering flexibility in compensation methods.
Community-Driven Supercomputer: Koii envisions creating the world’s largest supercomputer powered by its community of developers and node operators.
Simplified Deployment: Koii’s network allows for faster and more standardized deployment of DePINs and altcoins, simplifying the process for developers.
Hybrid Infrastructure: Koii is designed to run on a combination of various storage solutions such as IPFS and Filecoin, which increases its overall adaptability.
Monetization Strategies with Koii
Koii offers several ways to earn within its ecosystem:
Node Operation
Koii Node: By running a Koii Node, individuals can participate in decentralized hosting and computational tasks. In return, they earn $KOII tokens as rewards. The node operation supports decentralized hosting and content validation.
K2 Node: Operators of K2 Validators validate transactions on the K2 Settlement Layer, ensuring the security and integrity of the network. These nodes also earn rewards for their critical role in the consensus mechanism.
Developing dApps
Developers can leverage Koii’s SDK to build decentralized applications (dApps). These applications can generate revenue through innovative use cases, such as decentralized finance (DeFi), NFTs, and decentralized cloud hosting.
Participating in the Koii Ecosystem
Engaging with the Koii community, contributing to projects, and supporting the growth of the ecosystem can open up additional earning opportunities. As the ecosystem expands, so too will the ways to earn rewards. Earn rewards by staking $KOII or engaging in ecosystem activities like development challenges or governance proposals.
Potential of Koii Network
Koii Network has immense potential, both in terms of technical infrastructure and its impact on the decentralization of the internet:
Lower Barriers to Entry: Koii provides an opportunity for anyone, from hobbyists to professionals, to become part of a global decentralized network. This is a significant shift away from traditional centralized cloud services.
Scalability: With its focus on a decentralized supercomputer and lightweight node requirements, Koii is set to scale globally, catering to a wide range of developers and content creators.
Interoperability: Koii’s support for multiple blockchains, like Filecoin and IPFS, ensures it is adaptable and can integrate into a variety of decentralized projects.
Community-Driven Innovation: By building a supercomputer powered by decentralized contributors, Koii can quickly evolve and adopt new technologies, making it an attractive platform for forward-thinking developers.
Challenges to Consider
Adoption: Gaining a sufficient number of developers and node operators to make Koii a self-sustaining ecosystem is essential. Without broad adoption, Koii could struggle to meet its goals.
Regulatory Landscape: As with any decentralized project, Koii faces potential regulatory hurdles that could impact the development of its infrastructure.
Competition: The decentralized infrastructure space is competitive, with Akash and Render already making strides. Koii must continue to innovate and provide unique value to stand out.
Conclusion
Koii Network represents a transformative step towards a decentralized internet. By enabling global participation and innovation, it is poised to empower a new generation of developers, creators, and entrepreneurs. Whether you’re running a node, building a dApp, or simply exploring Web3, Koii offers exciting opportunities to earn and shape the future of decentralized technology.
Would you like to participate in the Koii revolution? Visit koi.network to learn more. By following the link, you can download your node, access a full tutorial to get started, and, for a limited time, receive free $KOII tokens to begin your journey.
Bob Network is a Layer 2 scaling solution for Bitcoin that enables faster, cheaper transactions and advanced features like smart contracts while relying on Bitcoin’s base layer for security. Recently, Bob became a Babylon-secured network, leveraging Babylon’s system that taps into Bitcoin’s hash power to enhance security for Bitcoin-compatible chains. This integration also supports the ecosystem of Bitcoin Liquid Staking Tokens (LSTs) by providing a secure foundation for staked Bitcoin to interact with decentralized applications, ensuring both liquidity and the robust security of the underlying asset.
You can find more information about Bitcoin Liquid staking in our previous article. This article will provide a step by step tutorial on how to participate in the last season for farming BOB layer2 and likely getting qualified for the Airdrop. The focus will be more for Ethereum familiar users.
If you hold Bitcoin and wish to bridge it to BOB, you can connect your Bitcoin wallet. For this tutorial, however, we’ll focus on bridging Ethereum assets from other Layer 2 networks such as Base or Linea.
Add the BOB Network to Your Wallet:
Add the BOB network to your wallet by following the on-screen instructions.
Sign a message to confirm (this step does not require gas fees).
Access the Welcome Page:
After successfully connecting your wallet, you will be redirected to the welcome page.
Click on “Start Harvesting” to begin. Superchain users will receive bonus points.
Step 2 – Intract quests
Complete quests on Intract. This step is optional, but it might help for the airdrop.
Navigate the BOB dashboard via the menu bar in the top-right corner, where you’ll find:
Fusion: Your personalized dashboard.
Bridge: Access native and third-party bridges to move assets to the BOB network.
Apps: A directory of apps available for farming points and interacting with the ecosystem.
Stake: A one-click staking solution to get LSTs (liquid staked bitcoin).
Multipliers: You can view the points multipliers for each asset. Bitcoin LSTs offer the highest multipliers, making them the most rewarding option. However, if you prefer, you can keep your assets in Ethereum or USD and still participate.
Step 4 – One-Click BTC Staking
Stake Bitcoin seamlessly by clicking on the “Stake” button to acquire Bitcoin LSTs. To proceed, connect your Bitcoin wallet and bridge your Bitcoin to your BOB EVM wallet, selecting your preferred LST. Each LST allows you to earn points in its respective project, with many also contributing to your Babylon points balance. For a detailed step-by-step guide, follow this guide.
Step 5 – Bridge assets from Ethereum L2
If you don’t have a Bitcoin wallet, you can bridge assets from Ethereum instead. Use the BOB native bridge for transfers from the Ethereum mainnet, or opt for a third-party bridge to move assets from a Layer 2 network. You can use 0xastra, owlto or any other bridge that is supported. Choose the option with the lowest fees
Bridging 0.1 ETH from Base to the BOB chain costs approximately 0.00039 ETH on 0xastra. If you’re bridging from Arbitrum, you also have the option to bridge WBTC directly, providing more flexibility.
You can keep ETH on the BOB network and use it to provide liquidity. However, note that the multiplier for points is lower than that of Bitcoin LSTs. In this guide, we’ll convert ETH to Bitcoin LST and use it in DeFi strategies, but you can choose the asset that aligns with your preferences. You’re not obligated to follow our strategy.
Step 6 – Review you strategy
Review the strategies outlined in the BOB dashboard to optimize your points and familiarize yourself with the available apps.
Step 7 – Convert ETH to solvBTC
If you didn’t bridge WBTC directly to the BOB network, you’ll need to first convert ETH to WBTC, as there’s currently no direct route from ETH to SolvBTC.
We used izumi.finance to convert ETH to WBTC, but you can use any DEX listed in the BOB apps directory.
Once your WBTC is ready, visit solv finance on the BOB network to convert it to SolvBTC.
From the menu, select SolvBTC, ensure you’re on the BOB network, and complete the conversion from WBTC to SolvBTC.
Leverage SolvBTC in DeFi:
With SolvBTC, explore DeFi opportunities to maximize your points. Start with platforms like Pell Network and Segment Finance, or check the full list of supported apps in your Fusion dashboard.
Step 8 – Pell network
Pell network is a restaking platform, similar to Eigenlayer or Karak on Ethereum. It supports assets on BOB, including SolvBTC, and offers opportunities to earn Pell and Solv points. Restaking SolvBTC is straightforward and benefits from BOB’s low gas fees. Additionally, Pell’s airdrop campaign provides exposure to multiple rewards.
Here are the assets supported for BOB. You can restake the SolvBTC we just acquired in step 7.
Step 9 – Segment finance
Segment Finance allows you to supply assets and borrow against them. You can loop borrowed assets back into your supply to maximize returns.
After connecting, visit the Segment dashboard to explore pools and see the points earned when supplying SolvBTC.
Supply your SolvBTC, enable the collateral toggle, and borrow SolvBTC while staying within safe limits to avoid liquidation. Repeat the process based on your risk tolerance.
Finally, review your account to ensure your net APR is as expected and you are compliant with all risk parameters.
You can supply ETH and borrow Bitcoin LRT assets such as uniBTC, LBTC, or SolvBTC against it. This allows you to obtain Bitcoin LRT without swapping your ETH. However, since ETH and BTC are not correlated, you will need to actively monitor price movements to avoid liquidation.
Step 10 – BedRock LST
You can convert your WBTC to BedRock’s LSTuniBTC. This will help you get Babylon points and Bedrock Diamonds while getting Bob points too.
Follow this link and stake your WBTC to uniBTC. Make sure you are on the BOB network. Be careful, the unstake feature is not available yet. You can always swap them to other assets using oku.trade with some price impact (step 11).
Once you receive your uniBTC, you can go to Pell network (Step 8) to restake them or Segment finance (Step 9) to lend them. You could use them in any other DEFI app.
Here is the restaking asset uniBTC on Pell network. Always make sure you are on the BOB network.
It is important to note that unstaking from Pell has a 7 days pending period. Withdrawal from Segment is instant if you repay enough debt to cover the liquidation threshold.
Step 11 – Provide liquidity to a DEX
You can go to oku.trade to swap you ETH or WBTC directly into a Bitcoin LST. Make sure you are on the BOB network. You can choose between SolvBTC.BBN, uniBTC or LBTC. They have the best multipliers for BOB points.
Once your Bitcoin LST is ready, you can provide liquidity to a pool. Bitcoin-backed LST pairs generally carry a lower risk of impermanent loss, as long as they remain pegged to Bitcoin. However, always review the associated risks, including potential depegging events. Make sure you choose a pool that has a good amount of liquidity.
Go to “Position maker” and choose a pool:
In this case, we chose uniBTC / SolvBTC.BBN. Select your desired range, add the liquidity amounts and click on Deploy position.
Once submitted, you can view your positions:
You can always restake or lend your SolvBTC.BBN, uniBTC or LBTC to Pell network (Step 8) or Segment finance (Step 9) allowing you to accumulate additional points in those platforms.
Step 12- Ongoing Management – Fusion Dashboard
Regularly check your Fusion dashboard for updates, new quests, and performance metrics. Adjust your strategy to maximize points and rewards depending on each app’s performance.
Understanding the risks
Farming on BOB involves multiple layers of complexity and risk. Your Bitcoin, originally on the Bitcoin mainnet, is now wrapped in multiple smart contracts and represented as a Bitcoin LST (e.g., SolvBTC) on BOB. These layers, secured by Babylon or other protocols, are exposed to potential bugs or vulnerabilities. Any issue in these contracts could lead to severe asset loss. Additionally, Bitcoin’s price volatility and your long-term holding strategy should also be considered. Only invest what you are ready to lose, conduct thorough research, and stay informed about potential risks.
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The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
