Investment Secrets of DeFi Degen: How to Master the Bull Market Script - Nine Ecosystems and 50 Targets

Ignas from DeFi Research has published a lengthy analysis on how Degen traders can analyze and strategize during a bull market. In this article, he starts with the mindset and then introduces nine major ecosystems and targets mentioned by Ignas.

Investment Tips for DeFi Degen

Secrets to Explore Emerging Ecosystems

To stay competitive, investors can focus on ecosystems that offer technological innovations, opportunities for token creation, and compelling narratives. Solana is a prime example of such an ecosystem, constantly providing new opportunities, but there are other ecosystems worth considering as well.

• Utilize simple cross-chain strategies: Connect ecosystems using multiple cross-chain bridges.
• Exchange and provide liquidity on DEX: Swap and provide liquidity on top decentralized exchanges (DEX) without necessarily holding their tokens.
• Borrow and lend based on demand: Borrow or lend certain tokens as needed.
• Invest in NFTs: Purchase popular PFP NFTs, especially those favored by the community as Twitter profile pictures, and receive airdrops from participating in the NFT market.

Strategies to Maximize Airdrop Benefits

Ignas believes that most protocols currently offer tokens as rewards, making it easier to identify which protocols distribute rewards.

It is important to assess one's risk tolerance and participate early. After receiving airdrops, it is common to sell a portion and allocate the rest towards the ecosystem's main token for liquidity provision, staking, or farming to receive more airdrops.

Ignas emphasizes the challenge of selecting ecosystems without spreading funds and attention too thin. While some ecosystems have already flourished, there is still room for investors to participate. Additionally, there are upcoming ecosystems that provide investors with time to prepare.

Nine Promising Ecosystems According to DeFi Degen

Starknet: Technological Innovation and Wealth Creation

Technological Innovation: Starknet stands out with its ZK-Rollup technology and STARKs verification system, offering a trustless decentralized solution with quantum resistance. Its Cairo programming language further enhances its uniqueness and scalability.

Wealth Creation: Starknet's STRK airdrop and the 50M STRK ecosystem reward will bring capital inflow to DeFi protocols, incentivizing ecosystem growth. Anticipated narratives like "quantum resistance" and "SNARKs vs STARKs" are expected to further enhance its market evaluation.

Solana: Seizing Opportunities in the Ecosystem

The Solana ecosystem is already in a thriving stage, but it is not too late for investors to participate in the airdrop frenzy. From Wormhole to Grass, each protocol offers different ways to participate, whether through lending, trading, or unique applications like Parcl's real estate market, all providing opportunities for airdrops.

Injective: Small but Promising Opportunities

Injective's $INJ price has surged 2880% this year, presenting an excellent opportunity. Despite the relatively small TVL, upcoming airdrops provide a not-to-be-missed investment opportunity for INJ holders and users on the testnet.

Stacks: New Opportunities with Expected Upgrades

The upcoming Nakamoto upgrade by Stacks is expected to bring 5-second transactions and more trust-minimized sBTC functionality, providing a great opportunity for investors to position themselves. Various DEXs and financial applications like Alex Lab and Zest offer abundant investment options.

Celestia and SEI: Enormous Future Potential

Celestia and SEI represent the future direction of blockchain technology. The low-barrier participation in Celestia and the technological innovation of SEI provide opportunities that should not be overlooked. Particularly, the expected v2 version of SEI will bring more optimistic parallelization and storage optimization.

Ethereum L2 and Restaking Strategies

Manta and Blast offer unique airdrop opportunities for Ethereum's L2 and Restaking strategies. Additionally, platforms like Kelp DAO and Swell provide different reward strategies for Eigenlayer points.

Learn more about the complete steps and targets

And...Bitcoin BTCFi

Ignas also mentions BTCFi as a promising ecosystem that he overlooked outside of the nine mentioned ecosystems. He personally invested in BRC20 tokens such as ORDI, MUBI, and Bitmaps. He states, "I still feel disadvantaged in the rapidly growing BRC20 market, which is primarily dominated by Chinese and Asian players, as well as some insiders."