1 month ago
Daily Memecoin Recap - October 30
Seems like AI meta is slowly dying out. What's next? 👀
Luce Gets A New Character
#tenebro -> hit $3m , New Mascot of The Holy Church
#tenebro -> hit $1 .45m
$bope -> hit $284k , based pope
- Tenebro is $LUCE 's nemesis
High Volume
$rzlr -> $2 .1m to $10 .1m (4.8x), viral tiktoker, the rizzler
$xeno -> hit $11 .2m, quote retweeting other people's tweets with AI generated art
$mondo -> hit $4 .6m, unique art
$zuo -> hit $1 .1m, funny meme
Doge Betas
$shibu -> $4 .7m to $12m (2.5x), $doge mascot
#dogenes -> hit $4 .9m, greek philospher $doge
$dogat -> hit $3m , cat version of $doge
Artist Launch
$bflyz -> hit $3 .7m
- bflyzone_
Artificial Intelligence
$avb -> $1 .2m to $8 .3m (6.9x), autonomous virtual beings
#himenoAI -> hit $1 .5m
$moksha -> hit $1 .3m
$bbc -> hit $930k , BBC AI...
Maneki Co-Founder Launch
$thecat -> hit $41m
- Maneki confirmed that one of their co-founders launched his own token
Election Meta
$doge -> $740k to $4 .2m (5.7x), Department of Gov Efficiency
$donkey -> hit $5 .2m, based on KamalaHarris
#republican -> hit $2 .3m
$potus -> hit $1 .6m, President of the United States, realDonaldTrump
#garbage -> hit $1m , United States Of Garbage
- Elections are next week👀
Tee Hee He
$tee -> hit $46 .5m, on $ETH
$tee -> hit $1 .2m, on $SOL , beta to the one above
- Rumored to be truth_terminal's eth coin
More Cooks
$ff -> $500k to $2m (4x), platform that lets you launch a fair coin on pump fun
$toro -> hit $13m , Asian character
$btcat -> hit $7 .5m, first cat on chain
$earl -> hit $3m
$mx -> hit $2 .25m, MX69420, beta to $spx (SPX6900)
$bbydev -> hit $1 .45m, the dev is a baby
$snoo -> hit $1 .34m, reddit mascot
$mikro -> hit $845k , redacted MicroStrategy
$brains -> hit $800k
#ct100 -> hit $488k , CT Index, 100 most influential accounts on CT, unique concept
$batcat -> hit $470k , Halloween meta
$mlnr -> hit $430k , Millionaire
$popbat -> hit $210k , $popcat bat
All eyes on $BTC as we hope it breaks past ATH
Will we continue to have a green Q4?
Seems like AI meta is slowly dying out. What's next? 👀
Luce Gets A New Character
#tenebro -> hit $3m , New Mascot of The Holy Church
#tenebro -> hit $1 .45m
$bope -> hit $284k , based pope
- Tenebro is $LUCE 's nemesis
High Volume
$rzlr -> $2 .1m to $10 .1m (4.8x), viral tiktoker, the rizzler
$xeno -> hit $11 .2m, quote retweeting other people's tweets with AI generated art
$mondo -> hit $4 .6m, unique art
$zuo -> hit $1 .1m, funny meme
Doge Betas
$shibu -> $4 .7m to $12m (2.5x), $doge mascot
#dogenes -> hit $4 .9m, greek philospher $doge
$dogat -> hit $3m , cat version of $doge
Artist Launch
$bflyz -> hit $3 .7m
- bflyzone_
Artificial Intelligence
$avb -> $1 .2m to $8 .3m (6.9x), autonomous virtual beings
#himenoAI -> hit $1 .5m
$moksha -> hit $1 .3m
$bbc -> hit $930k , BBC AI...
Maneki Co-Founder Launch
$thecat -> hit $41m
- Maneki confirmed that one of their co-founders launched his own token
Election Meta
$doge -> $740k to $4 .2m (5.7x), Department of Gov Efficiency
$donkey -> hit $5 .2m, based on KamalaHarris
#republican -> hit $2 .3m
$potus -> hit $1 .6m, President of the United States, realDonaldTrump
#garbage -> hit $1m , United States Of Garbage
- Elections are next week👀
Tee Hee He
$tee -> hit $46 .5m, on $ETH
$tee -> hit $1 .2m, on $SOL , beta to the one above
- Rumored to be truth_terminal's eth coin
More Cooks
$ff -> $500k to $2m (4x), platform that lets you launch a fair coin on pump fun
$toro -> hit $13m , Asian character
$btcat -> hit $7 .5m, first cat on chain
$earl -> hit $3m
$mx -> hit $2 .25m, MX69420, beta to $spx (SPX6900)
$bbydev -> hit $1 .45m, the dev is a baby
$snoo -> hit $1 .34m, reddit mascot
$mikro -> hit $845k , redacted MicroStrategy
$brains -> hit $800k
#ct100 -> hit $488k , CT Index, 100 most influential accounts on CT, unique concept
$batcat -> hit $470k , Halloween meta
$mlnr -> hit $430k , Millionaire
$popbat -> hit $210k , $popcat bat
All eyes on $BTC as we hope it breaks past ATH
Will we continue to have a green Q4?
1 month ago
💬 Jeff Park, CEO of Bitwise, believes that Trump's election victory could push Bitcoin to $92 ,000.
"Applying fusion arb type probability mathematics, I project that a Trump victory could push BTC to ~$92,000
Take that as you wish."
"Applying fusion arb type probability mathematics, I project that a Trump victory could push BTC to ~$92,000
Take that as you wish."
2 months ago
🕹 Ubisoft is set to launch a collection of 10,000 NFTs on Arbitrum via Magic Eden.
These NFTs will allow holders to play the upcoming game Captain Laserhawk: The GAME in advance.
“Through the integration of Web3, we are enabling our community to not only play, but also shape the future of gaming”
These NFTs will allow holders to play the upcoming game Captain Laserhawk: The GAME in advance.
“Through the integration of Web3, we are enabling our community to not only play, but also shape the future of gaming”
3 months ago
4.6 million transactions in one day: Coinbase’s layer 2 Base breaks a record 🚀
The @base ecosystem has grown with the support of coinbase . Several major protocols like Curve, Aave, and Compound are now used on Base.
Coinbase also launched its own Wrapped Bitcoin, the $cbBTC , on #Ethereum and Base, driving activity on layer 2 ⛓️
The number of new addresses created every day shows that $BASE continues to gain popularity. Unlike competitors like Arbitrum, Base is growing rapidly
The @base ecosystem has grown with the support of coinbase . Several major protocols like Curve, Aave, and Compound are now used on Base.
Coinbase also launched its own Wrapped Bitcoin, the $cbBTC , on #Ethereum and Base, driving activity on layer 2 ⛓️
The number of new addresses created every day shows that $BASE continues to gain popularity. Unlike competitors like Arbitrum, Base is growing rapidly
3 months ago
The 2024 Energy Impact Report reveals solana's carbon footprint reduction by 69% since December 2023. The network achieves this via on-chain carbon credits, innovative biodiversity credits, and a MiCA-compliant real-time emissions dashboard.
3 months ago
Sentiment is down, and critics have been quick to point out ETH's underperformance against SOL while largely attributing this to a perceived loss of mindshare and users to L2s.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.
🧛♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.
But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.
🧛♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.
But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
3 months ago
Automate and Dominate: Maestro Scraper in 5 steps
1) Install Maestro Scraper
2) Select which channels, groups, DMs & bots to scrape
3) Decide on Strategy
4) Set up Auto-Trading
5) Buy Lambo 🔥
Maestro Scraper supports ETH, BSC, SOL, TRON, BASE, ARB, and TON
🤖 https://t.me/MaestroSniper...
1) Install Maestro Scraper
2) Select which channels, groups, DMs & bots to scrape
3) Decide on Strategy
4) Set up Auto-Trading
5) Buy Lambo 🔥
Maestro Scraper supports ETH, BSC, SOL, TRON, BASE, ARB, and TON
🤖 https://t.me/MaestroSniper...
3 months ago
🚨 The $DAI has been compromised on multiple blockchains
Unallocated blockchains: Ethereum, Optimism, Arbitrum
Unallocated blockchains: Ethereum, Optimism, Arbitrum
3 months ago
Central and Southern Asia Explore Sustainable Alternatives Following Bitcoin Mining Boom
Once a thriving hub for Bitcoin mining, Central and South Asia’s crypto community pivots to more sustainable networks.
While the Wed3 world focuses on international heavyweights like China and the United States, Central and South Asia (CSA) boasts a thriving and diverse crypto economy.
India and Pakistan enjoy some of the highest crypto adoption rates in the world, while cheap energy costs and regulatory clarity made Kazakhstan a Bitcoin mining hub in 2021.
As the crypto community seeks sustainable alternatives, Solana emerges as a prime candidate to support growing adoption in CSA nations.
Central Asia’s Bitcoin Mining Boom
Following the exodus of Bitcoin miners from China in 2021, Central Asian countries like Kazakhstan and Kyrgyzstan played host to huge amounts of crypto mining activity.
Abundant in natural resources, low energy costs, and crypto-friendly laws, the area quickly evolved into a thriving hub Bitcoin mining hub. Crypto mining operations paid as little as.03 per kWh for electricity in Kazakhstan, making it one of the world’s most cost-effective nations for Bitcoin farms.
This led to a surge in crypto adoption rates in Central Asia, with Kazakhstan becoming the world’s second-ranked Bitcoin mining nation in 2021. At its peak in October 2021, Kazakhstan accounted for 18% of the global Bitcoin hashrate. However, Central Asia’s mining utopia couldn’t last forever.
KAZAKHSTAN BITCOIN MINING INDUSTRY OVER TIME
The rising demand for energy put a significant strain on the Central Asian power grid, causing sporadic outages as aging Soviet-era infrastructure struggled to keep up. By May 2023, Kazakhstan’s contribution to the global hashrate had dropped to as low as 4%.
A wrath of regulations have since been implemented to curb crypto mining in Kazakhstan. New mining-specific tax rates have been introduced, and crypto miners in the nation are required by law to sell 75% of their revenue via centralized exchanges.
Meanwhile, neighboring countries like Kyrgyzstan and Uzbekistan are exploring more sustainable energy alternatives, including solar and hydroelectric farms.
IS SOLANA A CONVENIENT SOLUTION Solution?
Courtesy of its hybrid Proof-of-Stake/Proof-of-History consensus mechanism, Solana is one of the most environmentally friendly blockchains in the crypto industry. According to Solana Labs, one transaction requires less energy than a Google search. Additionally, Solana is carbon neutral, having implemented numerous carbon offsetting initiatives.
Once a thriving hub for Bitcoin mining, Central and South Asia’s crypto community pivots to more sustainable networks.
While the Wed3 world focuses on international heavyweights like China and the United States, Central and South Asia (CSA) boasts a thriving and diverse crypto economy.
India and Pakistan enjoy some of the highest crypto adoption rates in the world, while cheap energy costs and regulatory clarity made Kazakhstan a Bitcoin mining hub in 2021.
As the crypto community seeks sustainable alternatives, Solana emerges as a prime candidate to support growing adoption in CSA nations.
Central Asia’s Bitcoin Mining Boom
Following the exodus of Bitcoin miners from China in 2021, Central Asian countries like Kazakhstan and Kyrgyzstan played host to huge amounts of crypto mining activity.
Abundant in natural resources, low energy costs, and crypto-friendly laws, the area quickly evolved into a thriving hub Bitcoin mining hub. Crypto mining operations paid as little as.03 per kWh for electricity in Kazakhstan, making it one of the world’s most cost-effective nations for Bitcoin farms.
This led to a surge in crypto adoption rates in Central Asia, with Kazakhstan becoming the world’s second-ranked Bitcoin mining nation in 2021. At its peak in October 2021, Kazakhstan accounted for 18% of the global Bitcoin hashrate. However, Central Asia’s mining utopia couldn’t last forever.
KAZAKHSTAN BITCOIN MINING INDUSTRY OVER TIME
The rising demand for energy put a significant strain on the Central Asian power grid, causing sporadic outages as aging Soviet-era infrastructure struggled to keep up. By May 2023, Kazakhstan’s contribution to the global hashrate had dropped to as low as 4%.
A wrath of regulations have since been implemented to curb crypto mining in Kazakhstan. New mining-specific tax rates have been introduced, and crypto miners in the nation are required by law to sell 75% of their revenue via centralized exchanges.
Meanwhile, neighboring countries like Kyrgyzstan and Uzbekistan are exploring more sustainable energy alternatives, including solar and hydroelectric farms.
IS SOLANA A CONVENIENT SOLUTION Solution?
Courtesy of its hybrid Proof-of-Stake/Proof-of-History consensus mechanism, Solana is one of the most environmentally friendly blockchains in the crypto industry. According to Solana Labs, one transaction requires less energy than a Google search. Additionally, Solana is carbon neutral, having implemented numerous carbon offsetting initiatives.
3 months ago
🔺 Franklin Templeton extends his Blockchain Fund to Avalanche.
The Wall Street titan's Government Money Fund (FOBXX) is now available on the Avalanche network.
FOBXX is represented by the BENJI token, which is currently trading on Stellar, Polygon and Arbitrum.
"The addition of Benji to the Avalanche network further expands access to our first tokenized money market fund"
Says Roger Bayston, head of digital assets at Franklin Templeton.
https://www.theblock.co/po...
The Wall Street titan's Government Money Fund (FOBXX) is now available on the Avalanche network.
FOBXX is represented by the BENJI token, which is currently trading on Stellar, Polygon and Arbitrum.
"The addition of Benji to the Avalanche network further expands access to our first tokenized money market fund"
Says Roger Bayston, head of digital assets at Franklin Templeton.
https://www.theblock.co/po...
3 months ago
💊 Noland Arbaugh, the first man to receive the Neuralink implant, shares his internet browser, one of the tabs of which is a PumpDotFun page
https://x.com/moddedquad/s...
https://x.com/moddedquad/s...
3 months ago
LETS HYPE THIS UP AND GET MORE PROJECTS USING BULLVERSE!!!! cant wait for bullverse to do something better than X spaces lol!
SUPER EXCITED FOR OUR 4TH $NOOZ ROOM Chill & Shill... Spaces on X tomorrow!!
We've got some Huge $NOOZ for you guys on a new service that we've been working on for the last few weeks!! DON'T MISS THIS ONE!!
We have got 26 Amazing guest projects coming along to speak! Thursday 22/08/2024 10PM BST, 5PM EST!
kitsunetokensol
SharbiToken
HEEHEESolana
@POPDOGsolcoin
UToobCoin
trumpworldsol
BullVerse_
MemeFestWTF
MemeBattleFun
PocoYouflix
spredict_io
redthemals
jasonowings5
lowIQFrens
onichansol
UberJeetsCTO
StashhApp
SOLbirddog
MEMECON_ASIA
DogeToolsDC
SPACE_P3NGUIN
OscarDogOnSol
PikapepeCoin
DogeSolTakeover
SUPER EXCITED FOR OUR 4TH $NOOZ ROOM Chill & Shill... Spaces on X tomorrow!!
We've got some Huge $NOOZ for you guys on a new service that we've been working on for the last few weeks!! DON'T MISS THIS ONE!!
We have got 26 Amazing guest projects coming along to speak! Thursday 22/08/2024 10PM BST, 5PM EST!
kitsunetokensol
SharbiToken
HEEHEESolana
@POPDOGsolcoin
UToobCoin
trumpworldsol
BullVerse_
MemeFestWTF
MemeBattleFun
PocoYouflix
spredict_io
redthemals
jasonowings5
lowIQFrens
onichansol
UberJeetsCTO
StashhApp
SOLbirddog
MEMECON_ASIA
DogeToolsDC
SPACE_P3NGUIN
OscarDogOnSol
PikapepeCoin
DogeSolTakeover
4 months ago
🚨 IMF calls for 85% electricity tax hike for cryptocurrency miners, AI data centers.
They estimate the environmental impact of crypto and AI at 2% of global electricity consumption and nearly 1% of global carbon emissions.
According to them, increasing electricity taxes for crypto miners could reduce global emissions while bringing in billions of dollars in revenue for governments.
"Such a levy would increase annual public revenues by $5 .2 billion worldwide and reduce annual emissions by 100 million tonnes around Belgium's current emissions."
For AI data centers, a targeted tax on their electricity consumption should be set at.032 per kilowatt-hour, or.052.
“It’s slightly lower than crypto because data centers tend to be in places with greener electricity. That could bring in as much as $18 billion a year.”
They estimate the environmental impact of crypto and AI at 2% of global electricity consumption and nearly 1% of global carbon emissions.
According to them, increasing electricity taxes for crypto miners could reduce global emissions while bringing in billions of dollars in revenue for governments.
"Such a levy would increase annual public revenues by $5 .2 billion worldwide and reduce annual emissions by 100 million tonnes around Belgium's current emissions."
For AI data centers, a targeted tax on their electricity consumption should be set at.032 per kilowatt-hour, or.052.
“It’s slightly lower than crypto because data centers tend to be in places with greener electricity. That could bring in as much as $18 billion a year.”
4 months ago
After years of development behind the scenes, the Paladin team is finally showing its hand. Proposing a more egalitarian approach to MEV rewards, Paladin aims to discourage MEV frontrunners and provide an alternative that is more profitable for everyone.
With MEV bots reportedly extracting millions from Solana DEX markets every month, Paladin might just be the knight in shining armor that Solana DeFi needs.
Fully decentralized, open-source, and permissionless, Paladin’s mission is to eliminate predatory MEV on Solana. But how does it work?
THE PALADIN BOT
Designed to run within the Jito client, the Paladin bot is a fast open-source arbitrage bot. It runs locally in a validator and only operates when that particular validator is the leader.
The Paladin bot relies on three distinct features to improve a validator’s APY (Annual Percentage Yield):
- Atomic Arb Bot - Not to be confused with a frontrunning sandwich bot, Paladin is a high-performance arbitrage bot that is faster than external searchers.
- CeFi/DeFi Arb - Leveraging a permissionless DeFi bulletin board that communicates directly with slot leaders, Paladin is able to capture MEV through CeFi/DeFi price discrepancies.
- PALAggregator - Running exclusively within the leader, Paladin bot knows with certainty the exact price of every asset in real time. The bot can use this advantage to find a better path on trades and share the surplus rewards with the wallet that executed the transaction.
Essentially, the Paladin bot is a powerful tool that is altruistically employed to benefit and incentivize honest validator behavior.
To reap the benefits of Paladin, validators need to operate the Paladin bot, which in turn rewards holders and stakers of the protocol's native token, PAL.
PALADIN REWARD DYNAMICS - THE PAL TOKEN
Breaking the trend of providing speculative governance tokens, Paladin has opted for a more tangible token economy driven genuine value accrual.
PAL, the protocol’s native token, serves as the means by which MEV rewards are distributed to stakers and validators running the Paladin Bot, or ‘Palidators’.
MEV rewards captured by Palidators are distributed as follows:
- 90% is returned to the leader
- 5% is directed to Palidators and their stakers, proportionate to the amount of SOL staked
- 5% is passed to PAL token holders. However, given that 50% is airdropped to validators and PAL stakers, unstaked PAL holders receive 2.5%
While PAL is not a governance token, it does play a crucial role in the ecosystem outside of reward distribution. If Palidators are believed to be operating dishonestly, PAL stakers can vote to slash that Palidator’s stake, burning its PAL.
The protocol aims to distribute MEV rewards among honest ecosystem contributors in a way that everyone wins, as opposed to a competitive scramble for larger pieces of the MEV pie.
Despite a relatively muted social presence, the Paladin launch is generating excitement behind closed doors. In an exclusive statement with SolanaFloor, Paladin representative Uri Klarman revealed that “8% of Solana stake have committed to being a launch partner and run Paladin ahead of the launch.”
Additionally, the protocol has plenty of resources to encourage continued development and expansion from ecosystem developers.
According to Klarman, a budget of $5M per year has been committed to continued development, meaning that ecosystem developers may be sufficiently inspired to expand Paladin beyond the Jito client to Firedancer and any subsequent clients in the future.
Paladin’s unique approach to MEV and reward distribution acknowledges that it’s impossible to prevent validators from frontrunning transactions. However, should the Paladin protocol prove successful, its reward structure would be a more economical alternative, hopefully making Solana an efficient DeFi ecosystem for all users.
With MEV bots reportedly extracting millions from Solana DEX markets every month, Paladin might just be the knight in shining armor that Solana DeFi needs.
Fully decentralized, open-source, and permissionless, Paladin’s mission is to eliminate predatory MEV on Solana. But how does it work?
THE PALADIN BOT
Designed to run within the Jito client, the Paladin bot is a fast open-source arbitrage bot. It runs locally in a validator and only operates when that particular validator is the leader.
The Paladin bot relies on three distinct features to improve a validator’s APY (Annual Percentage Yield):
- Atomic Arb Bot - Not to be confused with a frontrunning sandwich bot, Paladin is a high-performance arbitrage bot that is faster than external searchers.
- CeFi/DeFi Arb - Leveraging a permissionless DeFi bulletin board that communicates directly with slot leaders, Paladin is able to capture MEV through CeFi/DeFi price discrepancies.
- PALAggregator - Running exclusively within the leader, Paladin bot knows with certainty the exact price of every asset in real time. The bot can use this advantage to find a better path on trades and share the surplus rewards with the wallet that executed the transaction.
Essentially, the Paladin bot is a powerful tool that is altruistically employed to benefit and incentivize honest validator behavior.
To reap the benefits of Paladin, validators need to operate the Paladin bot, which in turn rewards holders and stakers of the protocol's native token, PAL.
PALADIN REWARD DYNAMICS - THE PAL TOKEN
Breaking the trend of providing speculative governance tokens, Paladin has opted for a more tangible token economy driven genuine value accrual.
PAL, the protocol’s native token, serves as the means by which MEV rewards are distributed to stakers and validators running the Paladin Bot, or ‘Palidators’.
MEV rewards captured by Palidators are distributed as follows:
- 90% is returned to the leader
- 5% is directed to Palidators and their stakers, proportionate to the amount of SOL staked
- 5% is passed to PAL token holders. However, given that 50% is airdropped to validators and PAL stakers, unstaked PAL holders receive 2.5%
While PAL is not a governance token, it does play a crucial role in the ecosystem outside of reward distribution. If Palidators are believed to be operating dishonestly, PAL stakers can vote to slash that Palidator’s stake, burning its PAL.
The protocol aims to distribute MEV rewards among honest ecosystem contributors in a way that everyone wins, as opposed to a competitive scramble for larger pieces of the MEV pie.
Despite a relatively muted social presence, the Paladin launch is generating excitement behind closed doors. In an exclusive statement with SolanaFloor, Paladin representative Uri Klarman revealed that “8% of Solana stake have committed to being a launch partner and run Paladin ahead of the launch.”
Additionally, the protocol has plenty of resources to encourage continued development and expansion from ecosystem developers.
According to Klarman, a budget of $5M per year has been committed to continued development, meaning that ecosystem developers may be sufficiently inspired to expand Paladin beyond the Jito client to Firedancer and any subsequent clients in the future.
Paladin’s unique approach to MEV and reward distribution acknowledges that it’s impossible to prevent validators from frontrunning transactions. However, should the Paladin protocol prove successful, its reward structure would be a more economical alternative, hopefully making Solana an efficient DeFi ecosystem for all users.
4 months ago
🔓 Nearly $1 .5 billion in tokens will be released in August, including $609 million in XRP.
🔹 Avalanche: $268 million
🔹 Wormhole: $180 .5 million
🔹 Sui: $50 million
🔹 dYdX: $11 million
🔹 ZetaChain: $34 .5 million
🔹 ImmutableX: $49 million
🔹 Aptos: $80 million
🔹 The Sandbox: $69 million
🔹 Starkent: $35 million
🔹 Arbitrum: $67 million
🔹 Avalanche: $268 million
🔹 Wormhole: $180 .5 million
🔹 Sui: $50 million
🔹 dYdX: $11 million
🔹 ZetaChain: $34 .5 million
🔹 ImmutableX: $49 million
🔹 Aptos: $80 million
🔹 The Sandbox: $69 million
🔹 Starkent: $35 million
🔹 Arbitrum: $67 million
4 months ago
Breaking new all-time highs in TVL every month this year, Solana LSTs (Liquid Staking Tokens) have established themselves as one of the fundamental pillars of the ecosystem.
Yet, despite its growing popularity and the wealth of benefits, only 6.4% of all staked SOL is liquid staked, suggesting plenty of Solana users still have some lingering questions about LSTs.
What is liquid staking on Solana? How do Solana LSTs work and why should Solana users consider leveraging LSTs to optimize their DeFi strategies?
With one of Solana's longest-standing protocols launching liquid staking services, there's never been a better time to refresh your knowledge.
What is Liquid Staking MEV?
MEV, or Maximum Extractable Value, is an umbrella term that covers a range of profit-generation strategies and arbitrage opportunities that occur within block production.
For example, by rearranging the order of transactions within a processing queue, MEV tools can profit from mismatched prices in liquidity pools across different DEXes. Some Liquid Staking providers, like Jito, eliminate MEV spam transactions and pass these rewards on to stakers, effectively boosting their staking rewards.
To date, Jito has captured over 31,000 SOL in MEV fees, sharing a percentage of these fees with over 100,000 active accounts who liquid stake their SOL tokens through the Jito protocol.
What are the Benefits of Liquid Staking?
Liquid staking has become a key component of Solana’s DeFi landscape, and for good reason. Here’s why:
1. Earn staking rewards without locking SOL - Solana LSTs make it possible to continue earning generous staking rewards, without losing immediate access to your staked assets.
2. Expanded liquidity and DeFi strategies - Users can leverage their LSTs to capitalize on DeFi yield generation strategies, while still earning staking rewards.
3. Contribute to Solana’s security and decentralization - By liquid staking SOL tokens, users help to further decentralize and secure the Solana network by delegating SOL across a variety of validators.
What are the risks of liquid Staking?
While there are plenty of reasons to use liquid staking on Solana, it’s not without its flaws. Some of the risks associated with Solana LSTs include:
Smart contract risk - LST protocols rely on smart contracts to operate. If any of these contracts is exploited by a malicious actor, stakers could be a
risk of losing their funds.
LST price depeg - Despite typically maintaining their pegged value, LST tokens on other blockchains have fallen victim to temporary price depegs in the past. This could be problematic during black swan events or periods of market turmoil.
Where Can I Liquid Stake my SOL Tokens?
Now that you’ve got a better understanding of how liquid staking on Solana works, let’s recap some of the most reliable and trustworthy liquid staking providers in the market
ANNOUNCING STEPSOL - POWERED BY STEP FINANCE & SANCTUM
STEPSOL
Entering Solana's flourishing LST landscape for the first time, Step Finance is one of the oldest Solana applications in the ecosystem. Doubling as an intuitive portfolio dashboard and a comprehensive DeFi and NFT analytics platform, Step recently expanded its extensive product offering to include its LST, stepSOL.
On top of earning generous APY, stepSOL holders are also eligible to earn additional STEP Reward Options, which are claimable every five days via the Step Finance dashboard. Stakers who've already delegated their SOL to the Step Validator can head to Sanctum's Stake Accounts page and convert their stake account to stepSOL.
What's more, Step Finance has partnered with Meteora and will be offering incentivized rewards through the following pools:
•STEP/stepSOL
•xSTEP/stepSOL
•stepSOL/edgeSOL
Yet, despite its growing popularity and the wealth of benefits, only 6.4% of all staked SOL is liquid staked, suggesting plenty of Solana users still have some lingering questions about LSTs.
What is liquid staking on Solana? How do Solana LSTs work and why should Solana users consider leveraging LSTs to optimize their DeFi strategies?
With one of Solana's longest-standing protocols launching liquid staking services, there's never been a better time to refresh your knowledge.
What is Liquid Staking MEV?
MEV, or Maximum Extractable Value, is an umbrella term that covers a range of profit-generation strategies and arbitrage opportunities that occur within block production.
For example, by rearranging the order of transactions within a processing queue, MEV tools can profit from mismatched prices in liquidity pools across different DEXes. Some Liquid Staking providers, like Jito, eliminate MEV spam transactions and pass these rewards on to stakers, effectively boosting their staking rewards.
To date, Jito has captured over 31,000 SOL in MEV fees, sharing a percentage of these fees with over 100,000 active accounts who liquid stake their SOL tokens through the Jito protocol.
What are the Benefits of Liquid Staking?
Liquid staking has become a key component of Solana’s DeFi landscape, and for good reason. Here’s why:
1. Earn staking rewards without locking SOL - Solana LSTs make it possible to continue earning generous staking rewards, without losing immediate access to your staked assets.
2. Expanded liquidity and DeFi strategies - Users can leverage their LSTs to capitalize on DeFi yield generation strategies, while still earning staking rewards.
3. Contribute to Solana’s security and decentralization - By liquid staking SOL tokens, users help to further decentralize and secure the Solana network by delegating SOL across a variety of validators.
What are the risks of liquid Staking?
While there are plenty of reasons to use liquid staking on Solana, it’s not without its flaws. Some of the risks associated with Solana LSTs include:
Smart contract risk - LST protocols rely on smart contracts to operate. If any of these contracts is exploited by a malicious actor, stakers could be a
risk of losing their funds.
LST price depeg - Despite typically maintaining their pegged value, LST tokens on other blockchains have fallen victim to temporary price depegs in the past. This could be problematic during black swan events or periods of market turmoil.
Where Can I Liquid Stake my SOL Tokens?
Now that you’ve got a better understanding of how liquid staking on Solana works, let’s recap some of the most reliable and trustworthy liquid staking providers in the market
ANNOUNCING STEPSOL - POWERED BY STEP FINANCE & SANCTUM
STEPSOL
Entering Solana's flourishing LST landscape for the first time, Step Finance is one of the oldest Solana applications in the ecosystem. Doubling as an intuitive portfolio dashboard and a comprehensive DeFi and NFT analytics platform, Step recently expanded its extensive product offering to include its LST, stepSOL.
On top of earning generous APY, stepSOL holders are also eligible to earn additional STEP Reward Options, which are claimable every five days via the Step Finance dashboard. Stakers who've already delegated their SOL to the Step Validator can head to Sanctum's Stake Accounts page and convert their stake account to stepSOL.
What's more, Step Finance has partnered with Meteora and will be offering incentivized rewards through the following pools:
•STEP/stepSOL
•xSTEP/stepSOL
•stepSOL/edgeSOL
5 months ago
How to start restaking on symbioticfi
A 101 Explainer 👇
EigenLayer changed the game by introducing the restaking primitive to the Ethereum ecosystem, yet it was only a matter of time until challengers rose up and started trying to beat EigenLayer at its own game!
The big challenger making a big splash lately is Symbiotic, a new restaking protocol that aims to offer restakers more options beyond just ETH.
What Is Symbiotic?
Launched in June 2024, Symbiotic is a shared security protocol for network builders to create and manage their own staking implementations in a permissionless fashion.
In other words, Symbiotic lets networks customize their staking processes, collateral types, node operator selection, rewards, and slashing mechanisms, all while maintaining security through non-upgradeable core contracts on Ethereum.
Notably, Symbiotic is already the second-largest restaking protocol behind only EigenLayer. Yet unlike EigenLayer, which is centered around ETH, Symbiotic offers a wide array of collateral options for more flexibility.
How Does Symbiotic Work?
Symbiotic operates through the coordination of its five main pillars. These elements are as follows:
🪙 Collateral — The onchain assets used to provide economic security in Symbiotic. These can include ERC20 tokens, Ethereum validator withdrawal credentials, and other assets across various blockchains.
🛅 Vaults — These customizable components act as Symbiotic’s delegation and restaking layer. They handle deposits, withdrawals, slashings, and reward distributions.
🦸 Operators — The entities that run infrastructure for networks, such as validators and sequencers. Operators can opt into networks and receive economic backing from restakers through vaults.
⛑️ Resolvers — These are the entities or smart contracts tasked with passing or vetoing slashing penalties incurred by operators. They ensure penalties are fairly arbitrated.
Why Symbiotic?
It makes sense that there won’t just be one winner in the restaking category. And among the field of contenders, Symbiotic currently looks like the protocol best positioned to give EigenLayer a run for its money in the months ahead.
That said, if you’re generally bullish on restaking, then Symbiotic is a project to consider because it’s early, promising, and has plenty of potential to grow with its differentiation via ERC-20 support.
Of course, a Symbiotic airdrop is also a likelihood not to be ignored. EigenLayer has $EIGEN , and it seems inevitable that the Symbiotic Points system will be used to go a similar route in facilitating an airdrop of a native token to early users. Restake now; get paid later.
Lastly, there are some interesting Symbiotic integrations live today that offer double-whammy earning opportunities. One is
mellowprotocol, a liquid restaking token (LRT) project offering Mellow Points and Symbiotic Points to users who deposit into Symbiotic through its platform.
How to Restake on Symbiotic
If you’re interested in restaking on Symbiotic, head over to https://app.symbiotic.fi/r... and connect your wallet. Note that some regions are geo-blocked from accessing the front end.
On the main “Restaking” page, you’ll see the list of vaults for offer like the one in the picture below. Note that some vaults, like the Wrapped Lido Staked Ether (wstETH) one, have currently reached their temporary deposit limits, while other vaults, e.g., Coinbase Wrapped Staked Ether (cbETH), are still open for depositors.
So let’s say you have some cbETH, and you want to start staking. Simply click on the cbETH vault, which will take you to an interface like this:
By WPeaster ✍️
A 101 Explainer 👇
EigenLayer changed the game by introducing the restaking primitive to the Ethereum ecosystem, yet it was only a matter of time until challengers rose up and started trying to beat EigenLayer at its own game!
The big challenger making a big splash lately is Symbiotic, a new restaking protocol that aims to offer restakers more options beyond just ETH.
What Is Symbiotic?
Launched in June 2024, Symbiotic is a shared security protocol for network builders to create and manage their own staking implementations in a permissionless fashion.
In other words, Symbiotic lets networks customize their staking processes, collateral types, node operator selection, rewards, and slashing mechanisms, all while maintaining security through non-upgradeable core contracts on Ethereum.
Notably, Symbiotic is already the second-largest restaking protocol behind only EigenLayer. Yet unlike EigenLayer, which is centered around ETH, Symbiotic offers a wide array of collateral options for more flexibility.
How Does Symbiotic Work?
Symbiotic operates through the coordination of its five main pillars. These elements are as follows:
🪙 Collateral — The onchain assets used to provide economic security in Symbiotic. These can include ERC20 tokens, Ethereum validator withdrawal credentials, and other assets across various blockchains.
🛅 Vaults — These customizable components act as Symbiotic’s delegation and restaking layer. They handle deposits, withdrawals, slashings, and reward distributions.
🦸 Operators — The entities that run infrastructure for networks, such as validators and sequencers. Operators can opt into networks and receive economic backing from restakers through vaults.
⛑️ Resolvers — These are the entities or smart contracts tasked with passing or vetoing slashing penalties incurred by operators. They ensure penalties are fairly arbitrated.
Why Symbiotic?
It makes sense that there won’t just be one winner in the restaking category. And among the field of contenders, Symbiotic currently looks like the protocol best positioned to give EigenLayer a run for its money in the months ahead.
That said, if you’re generally bullish on restaking, then Symbiotic is a project to consider because it’s early, promising, and has plenty of potential to grow with its differentiation via ERC-20 support.
Of course, a Symbiotic airdrop is also a likelihood not to be ignored. EigenLayer has $EIGEN , and it seems inevitable that the Symbiotic Points system will be used to go a similar route in facilitating an airdrop of a native token to early users. Restake now; get paid later.
Lastly, there are some interesting Symbiotic integrations live today that offer double-whammy earning opportunities. One is
mellowprotocol, a liquid restaking token (LRT) project offering Mellow Points and Symbiotic Points to users who deposit into Symbiotic through its platform.
How to Restake on Symbiotic
If you’re interested in restaking on Symbiotic, head over to https://app.symbiotic.fi/r... and connect your wallet. Note that some regions are geo-blocked from accessing the front end.
On the main “Restaking” page, you’ll see the list of vaults for offer like the one in the picture below. Note that some vaults, like the Wrapped Lido Staked Ether (wstETH) one, have currently reached their temporary deposit limits, while other vaults, e.g., Coinbase Wrapped Staked Ether (cbETH), are still open for depositors.
So let’s say you have some cbETH, and you want to start staking. Simply click on the cbETH vault, which will take you to an interface like this:
By WPeaster ✍️
5 months ago
Wow, back to 2023 for a lot of crypto, thank goodness I didn't get a marble on the -25%. You have my full support 😭
5 months ago
(E)
🔓 More than $755 million worth of tokens will be released in July.
The vesting periods for nearly 40 projects will come to an end, including AltLayer, Xai, Aptos, Arbitrum, Optimism, Sui, Immutable X and Starknet.
The vesting system prevents early investors and team members of a project from selling their tokens by locking them for a given period.
https://cointelegraph.com/...
The vesting periods for nearly 40 projects will come to an end, including AltLayer, Xai, Aptos, Arbitrum, Optimism, Sui, Immutable X and Starknet.
The vesting system prevents early investors and team members of a project from selling their tokens by locking them for a given period.
https://cointelegraph.com/...
5 months ago
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5 months ago
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