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Welcome to Ouroboros Research. This is where we will cover our top high conviction picks within the crypto space - ranging from i) large caps to small caps and ii) long term to tactical ideas. We’ll go through project overviews, catalysts, interviews with founders.
Crypto Research retweeted
1/ $COOK allocations are out and there are 4 ways to farm the token
put together a bunch of calculations to see which is the most +ev way to farm cook
strategies range from 17% APY to 190% APY
1/ We see EURO 2024 as a significant event for sports related tokens such as $RLB and $CHZ.
Euro 2024 happens in June to July 2024. With over 5.2b viewers in UEFA EURO 2020 (held in 2021 due to COVID), we think this will significant incremental attention.
Authors: @OuroborosCap8, @MenyaResearch, @0xMize
2/ For RLB, this will be a significant revenue event - sportsbetting now generates ~30-40% of its revenue, and we believe this could rise to more than half. Sentiment on the token is at a low and we see an incentive for the team to promote the token into such a large sporting event to drive attention to the platform.
1/ We think STX's Nakamoto upgrade is a catalyst that hasn't received enough attention
Block times improving 100x should see $STX and $ALEX re-rating
Authors: @0xMize, @OuroborosCap8, @0xRamenUmai
8/ We also see ALEX as the ecosystem play as Nakamoto comes live for various reasons:
- ALEX is the primary dApp on STX
- Nakamoto exponentially benefits ALEX's KPIs
- Potential airdrops from sister projects
Crypto Research retweeted
Some high level thoughts on EigenLayer:
Airdrop execution wasn't exactly the best, with comms issues re: DeFi integrations. This has been rectified.
Season 1's end being backdated is (in our view) not a good practice
We've seen how STRK's token go-live = vesting begins (and not from airdrop date). EigenLayer has not mentioned when vesting begins yet but we believe it should be from when transferability is enabled
$EIGEN = $18 and each point = $0.46 at $30b FDV
teapawt.net/eigenfoundation/status…
Crypto Research retweeted
Been scooping up some ETHFI at these levels on the back of today’s LRT FUD. All of the information below is public but I think it was likely either under-telegraphed or better contextualised to me during my lunch with founder @MikeSilagadze in Dubai.
Thesis:
- ETHFi ability to withdraw stands out in this LRT FUD
- With its mobile app Cash, ETHFi will take its first step towards becoming a super app. Not just to crypto users but also normal users.
- Token value accrual coming soon.
Crypto Research retweeted
This is correct.
We have more than 80% market share amongst dedicated web3 gaming platforms.
You can scrape the on chain data yourself just like @OuroResearch 🤝
7/ Thesis #1: 50-1000x better than peers
Ronin has 1000x more UAWs, 80x more transaction count and 50x more dapp volume than its peers
We think this alone should warrant higher valuations for RON, yet BEAM trades at a 60% MCap premium while IMX trades at a 260% MCap premium
1/ GameFi has had a tough two years, with unlocks dominating price action. As retail comes back, we think the sector will catch a bid
In our view, the best GameFi bet is @Ronin_Network and see $RON as the fastest horse
Research by: @0xYaro, @0xRamenUmai
16/ Catalyst #5:
Ronin’s head researcher Phuc Thai has teased a Layer-2 ZK implementation, R2
This allows Ronin to not only increase its performance and capacity but also onboard games that prefer more blockchain customization
teapawt.net/Ronin_Network/status/1…
How does Ronin optimize for decentralization, scalability, and security?
Ronin's Head Researcher, Phuc Thai, discusses Ronin's technical roadmap, the path towards adding validators, and our thoughts on some of the latest EVM scaling solutions 👇
📜 : roninchain.com/blog/posts/so…
17/ In short,
$RON = Retail Beta + Superior Fundamentals + Undervalued + Several Re-rating Catalysts
Given its superior metrics, we see RON minimally trading to BEAM / IMX’s MCap, which implies a +60% / +260% upside
Long-form / discussion in bio