ETHCC is here and so is Aave v4!- The Castle Chronicle
PLUS: Degenerate BTC activities are back on the menu
Welcome to Edition 165 of The Castle Chronicle!
Gm all!
Welcome to the newest edition of the Chronicle!
You’ll get a curated list of the most important macro news and DeFi news, along with insightful posts from guests and more! Actionable intel done the Castle way 🤝
Without further ado, let’s get into it, shall we?
In The Markets
It’s ETHCC time!
That means crypto should be rife with announcements, alpha from talks, and more.
Be keeping an eye out for our Castle Labs team running around Cannes, gathering up all the information that they can.
Also, make sure you’re monitoring our X account to catch all the news as we find it!
Now, as far as the markets go, we’re pretty well stuck in a standstill. Equities started to drop a bit at the end of last weekend, but any pop seems to be just short-term relief in an otherwise murky macro/war backdrop.
Everything we’ve said in the past few weeks remains true – move slow, cash is a position, and play the game defensively for right now.
The beauty of this market is if the tides turn and assets start to reprice upwards, you’ll have more than enough time to ride the wave. But, at the same time, you have to be wary of any pumps right now until news starts turning for the better.
There are still a lot of macro elements at play here, causing things to be confusing.
With all that being said, let’s dive into the rest of the newsletter to see what went on this past week!
ETHCC Round-Up (Castle’s Boots on the Ground Edition)
Stable Summit Recap
Our team at Cannes went to this event, and the thread that follows is the recap of this kickoff event:
Stani Announces Aave V4
The big and controversial upgrade to Aave is here, and we gathered all you needed to know from their announcement in France:
Frankencoin Panel
Another need-to-know panel from Stable Summit, this time from Frankencoin. Our boots on the ground team summarised everything worth knowing from their talk:
Massive Commodities Report
Are you a fan of massive research?
Do you enjoy digging through scholarly-esque papers and dissecting/parsing through all available information?
Fantastic!
If that is the case, you need to be nose-deep into this new report of ours on commodities!
Let us know what you think and give it a read:
In The News
Aero started off their ETHCC coverage with a new announcement – they’re doing away with weekly epochs! That means no more voting, no more resets, nothing. Instead, veAERO will turn into sAERO, where users can choose to have protocol revenue streamed to them in the form of USDC.
Aave v4 launched during the beginning of ETHCC as well, debuting their new Hub-and-Spoke architecture. A noteworthy feature is that more exotic collateral gets a higher borrow rate, while safer collateral gets to borrow for cheaper.
One of the wildest pieces of news to come out of the last week was Fannie Mae accepting crypto-backed mortgages. What makes this crazy (as you can see in the post) is that mortgage terms remain unchanged when BTC collateral drops in value. How does this work? Who the hell knows! But what we do know is that degenerate BTC activities are back!
That’s it for another edition of the Chronicle! Every week brings new opportunities, so don’t fret!
We’re all gonna make it eventually!
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In our newsletter, we may discuss projects or tokens in which we hold positions. While we aim to provide informative content, our views are not financial advice. Please conduct your research and consult professionals before making investment decisions. Crypto markets are volatile, and past performance doesn't guarantee future results. Invest responsibly, and be aware of the risks. Your capital is at risk, and we do not accept liability for any losses.