Weekly Pill โ€” Volume 015

BadgerDAO ๐Ÿฆก
eBTC Protocol
Published in
2 min readMay 14, 2024

TL;DR

  • ETH โ†“7% to $2.9k and BTC โ†“3% to $61.7k
  • ETHBTC โ†“3% at 0.047
  • Get Paid to Borrow Bitcoin Round 2
  • ETH ETF Impact and BTC Strength

ETH/BTC Market Snapshot

Choppy week as ETH and BTC lose the gains from the previous week. ETH is down 6.7% to $2.9k and BTC is down 3.4% to $61.7k. ETHBTC is also down on the week, โ†“3.2% to 0.047

Get Paid to Borrow Bitcoin

In case you missed it, this month we are offering an extra 11 stETH as incentives for opening eBTC CDPs with ETH or WETH.

CDPs need to be open for a week to qualify, so if youโ€™re new, take action before Friday.

Find out more below๐Ÿ‘‡

Dose of ETH

Evanss6 makes Weekly Pill once again for an insightful post on why $ETH has experienced underperformance compared to $BTC and $SOL, as well as reasons why this trend might reverse.

Last week, we explored the potential impact of an ETH ETF on $ETH.

We also conducted a poll to gauge when people believed the ETF would be approved. While most did not expect approval this month, the most popular prediction was later this year ๐Ÿ‘€

Dose of BTC

A great crypto breakdown by sector shows the importance of nailing the narrative.

Simply holding $BTC has outperformed many assets since the start of the year. If you held $eBTC, even better ๐Ÿ˜‰

Slowly but surely the institutions are coming.

The State of Wisconsin Investment Board just disclosed it holds ~$100M BTC through BlackRockโ€™s Bitcoin ETF which is in addition to $60M of GBTC ๐Ÿคฏ

Security Spotlight

Security doesnโ€™t stop at launch. Badger is running a post-launch bug bounty with Immunefi for up to $100k.

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BadgerDAO ๐Ÿฆก
eBTC Protocol

Supporting Community Driven Growth for Bitcoin across DeFi.