Welcome to Issue #63 of Wealth Mastery
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In this issue:
I share some of the top Solana coins you should be watching.
Defi Dad has a tutorial on how to use AladdinDAO to earn up to 27% on your Bitcoin, Ethereum, and Stablecoins.
The team from 1inch has joined us to discuss their defi protocol.
Rekt Capital has a fantastic report on Bitcoin and some interesting altcoins set ups to keep an eye on!
Jesse breaks down Star Atlas, a highly anticipated play to earn game on Solana.
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.
Also, every issue will contain more information, tips, hints, and analysis than you can make use of. Wealth Mastery is a tool, you are the craftsman. We are not a signal or pump group, we are a tool shop, you decide what information shared here has value to you or not.
As always, feel free to reach out to me by responding to this email with your comments or questions.
The Big Recap
Another exciting week in the markets! Bitcoin remains range bound, meanwhile altcoins continue to rally the many-layer one smart contract platforms having hit new highs. Regulations continue to be a big story with new tax proposals for the infrastructure bill in the USA, and the SEC doubling down on its intent to go after US exchanges and the tokens listed there. On the macro front some analysts are already starting to call the potential collapse of Chinese property developer Evergrande “The Chinese Lehman Brothers“.
Ethereum layer two scaling solution Arbitrum has gone crazy!!! The total value locked has soared on the back of new yield farms popping up. As a reminder, Arbitrum is also working with many of the top defi protocols on Ethereum like Aave, Balancer, and Maker DAO. Although, for the most part integrations are still pending, but major applications like Uniswap are already live. That slower adoption from defi OGs however has not stopped native apps popping up. Current prices are 90% lower than Ethereum mainnet. This will drop over time. Currently, there is not Arbitrum token, although we can always hope for a future airdrop! If you want to try out Arbitrum, it is really easy. You will first need to move some funds onto Arbitrum via the bridge. Note there is a 7-day withdrawals to main chain wait period. There is also still limited support for stablecoins and a few other early network growing pains so please be aware of that. This article will help you get your Arbitrum set up and provides the required parameters. Once you have bridged over you can either play with riskier farms like Arbinyan which is a farm based on the Nyan Cat meme, Honey Pot which allows you to take your Sushi Swap liquidity positions and earn huge APY, or more established players like Balancer is much more reputable Ethereum defi protocol, or even Uniswap or Curve Finance.
*** Please not smart contract risks exist and rug pulls can and do happen with new protocols like Arbinyan or Honey.
By the way, both Solana and Arbitrum experienced “down time”…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
