gm Web3 explorers,

Today we celebrate bitcoin reaching a $83,000 valuation. A NEW ALL-TIME HIGH. Maybe you hold some BTC? If so, congratulations! But how can you potentially make more? Use dapps!

Let's go and find out! 📡🔵

🪄 Expand your opportunities with WBTC

Holding BTC in a wallet is one thing. But you can also make it Wrapped BTC, and the utilize it in DeFi protocols across the Ethereum and the dapp ecosystem. The WBTC protocol locks your bitcoin, and gives you WBTC in return at a 1:1 ratio. You can then use WBTC in DeFi protocols. Or you purchase WBTC directly, through a DEX or on-ramp services.

Get Wrapped BTC

🚀 Earn by using your WBTC

By staking or using your WBTC with these protocols, you can earn various rewards:

🦄 Uniswap V3, providing liquidity has earned LPers 40% APR in the past week. Rewards change based on the amount of trades in your WBTC-ETH range.

🦄 Uniswap V3, in the WBTC-WETH pair you can expect 18.9% APR at the moment.

🟣 EtherFi, earn 2x bonus staking rewards on your WBTC.

🧡 Frax Finance accepts WBTC in their lending protocol & offers 25% lender APY.

🐄 Beefy Finance has generous rewards for those who stake their VIRTUAL - cbBTC VLP tokens on Base Network, currently exceeding a 739% APY.

🧑‍🌾 Beefy Finance also lists a WCRO-WBTC pair, with juicy 36% APY in rewards.

Keep in mind, rewards are most of the time not paid in BTC. Instead you will receive a native token from those platforms, which you will then need to swap to WBTC.

💎 Finding a gem among Bitcoin Ordinals

Sales volume for Bitcoin Ordinals increased 116% over the past 7 days, and Bitcoin Puppets and NodeMonkes are once again hot commodoties. The success of Milady Maker on Ethereum, has spawned a variety of copycat collections. Most of them with their own twist. Based Angels is one of the trending collections in Bitcoin Ordinals with $1.8 million in trading volume in the past 30 days. Floor price is up 434% to almost $2,000. That's an insane profit on a BTC investment. Finding a gem like this, could increase your net value in BTC. However, NFTs projects aren't safe bets at all. So be careful.

Discover Based Angels

🧡 Airdrop farming on NFT marketplaces?

This idea is rather speculative, but hear me out. Trading Ordinals or NFTs on marketplaces like OKX NFT Marketplace, UniSat, Magic Eden and Gamma can result in potential airdrop rewards.

On Magic Eden you already earn Diamonds for your activity. However, UniSat and Gamma - both marketplaces native to Bitcoin Ordinals - don't offer such a reward system yet. Considering market developments, it would not be odd to see those marketplace also integrate rewards, points or other mechanics for a potential airdrop. The latest rumors even suggest OpenSea is coming for a Bitcoin Ordinals trading volume market share.

Bitcoin Marketplace Rankings

🔎 Discover dapps, earn rewards: Join Quests

🙈 Buy and sell memecoins to grow your bag

Another way to grow your bag of BTC, is a lot riskier. You could be buying other cryptocurrencies, hope they go up in price, and then sell them again for WBTC or BTC. For example, right now there's this amazing hype surrounding highly speculative memecoins. Through Hot Contracts you can find which new tokens have launched recently, and this would be an amazing starting point for these risky trades. Of course, only invest what you can lose, because many memecoins lose their value very fast.

Explore Hot Contracts

btw. you don't have to rely on this newsletter to get some alpha. By utilizing DappRadar and its suite of services, you can find the alpha yourself. Go to our Rankings, apply filters, and find interesting projects based on onchain data. Or join Quests to explore dapps looking to attract an audience.

LFG! 📡🔵

Have a great day,
DappRadar Team
💙

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