9 hours ago
Rugcheck integrates Jupiter Exchange's lock feature, displaying locked token status on risk assessment pages for enhanced transparency.
7 days ago
🚨 The $1 .5 million CryptoPunks 2386 just sold for just $23 ,000 in a stroke of genius.
To put this into context, you should know that this CryptoPunk was split into 10,000 ERC20 tokens on 09/26/2020, and distributed among 257 holders, via a platform now out of service called Niftex.
Indeed, this NFT being very rare, it had been split in order to become more affordable and to allow everyone to own a part of a Punks.
But with the platform closed, it became difficult to sell or buy a fragment of this Punk.
However, the smart contract linked to the NFT remained valid on the blockchain, and an individual activated a buyback feature to ultimately take possession of the NFT for a fraction of its current value.
"Any shareholder can propose a buyout price, and if no one counters, he can buy the asset after 14 days."
So the offer was 0.001 ETH per share, or 10 ETH for the 10,000 shares. And the countdown that almost no one could see began.
After the 14 days, the individual got his hands on the NFT for a pittance.
Developer 0xQuit calls the operation the "theft of the century."
To put this into context, you should know that this CryptoPunk was split into 10,000 ERC20 tokens on 09/26/2020, and distributed among 257 holders, via a platform now out of service called Niftex.
Indeed, this NFT being very rare, it had been split in order to become more affordable and to allow everyone to own a part of a Punks.
But with the platform closed, it became difficult to sell or buy a fragment of this Punk.
However, the smart contract linked to the NFT remained valid on the blockchain, and an individual activated a buyback feature to ultimately take possession of the NFT for a fraction of its current value.
"Any shareholder can propose a buyout price, and if no one counters, he can buy the asset after 14 days."
So the offer was 0.001 ETH per share, or 10 ETH for the 10,000 shares. And the countdown that almost no one could see began.
After the 14 days, the individual got his hands on the NFT for a pittance.
Developer 0xQuit calls the operation the "theft of the century."
12 days ago
Magic Eden, Solana’s leading NFT marketplace by trading volume, has surprised network participants with an unexpected announcement.
On September 5, the crypto juggernaut revealed it would be splitting its trading platform into two separate sites, Magic Eden International and Magic Eden US.
The move has drawn skepticism from the wider community, who speculate that the regulatory landscape in the U.S. could impact user eligibility for Magic Eden’s highly-anticipated airdrop.
MAGIC EDEN'S U.S. USERS FEAR AIRDROP EXCLUSION
In the official announcement, Magic Eden posited that the U.S. site “will still have great products you know and love while .IO [the international site] will give us the ability to cook up (and sauté) even more features…”, suggesting that the U.S. platform will offer a limited range of services compared to its international equivalent.
Magic Eden users have expressed concerns that these limitations could extend to airdrop eligibility. Throughout the year, Solana users based in the United States have frequently found themselves unable to claim tokens due to geographic restrictions.
Due to regulatory concerns and the ongoing scrutiny of the SEC (Securities and Exchanges Commission), many crypto projects, like Sanctum and Grass, avoid distributing airdropped tokens to U.S. users.
Regulatory clarity around NFTs and digital assets were further exacerbated in late August, when the SEC issued a Wells notice to OpenSea, an alternative NFT marketplace.
Claiming that the platform facilitated the sale of unregistered securities, the notice serves as a preliminary warning and often precedes formal legal action.
In what could be considered a tongue-in-cheek gag, the official Magic Eden 𝕏 account also added a playful line to it’s bio, stipulating that “Tweets are only for non US Residents”.
SolanaFloor engaged the Magic Eden Foundation for clarity sounding the airdrop eligibility of its U.S. users. At press time, the Magic Eden Foundation declined to respond.
$ME TRADES AT.20 DESPITE LACK OF TOKENOMIC CLARITY
Since the initial announcement of the Magic Eden airdrop, pre-market trading for $ME has witnessed volatility. After opening at.08 on August 28, $ME pre-market prices rose as high as.24 before stabilizing at.20.
Despite attracting over $700 ,000 in trading volume, pre-market trading platform Whales Market has been criticized for opening a market for a coin with an unknown supply.
Without any publicly revealed tokenomics, pre-market traders are speculating on $ME at unknown valuations, which could lead to significant losses for participants.
COINGECKO NAMES MAGIC EDEN CRYPTO’S LARGEST NFT MARKETPLACE
Despite 2024’s NFT market suffering challenging conditions and diminishing volumes throughout the year, Magic Eden has managed to reassert its position as the industry’s top marketplace.
Coingecko, a popular cryptocurrency analysis site, recently declared Magic Eden as 2024’s top NFT marketplace. Boasting 36.7% market share, much of Magic Eden’s success this year could be credited to its adoption of the Bitcoin ecosystem, including its integration of Ordinals, BRC-20 tokens, and Runes.
On September 5, the crypto juggernaut revealed it would be splitting its trading platform into two separate sites, Magic Eden International and Magic Eden US.
The move has drawn skepticism from the wider community, who speculate that the regulatory landscape in the U.S. could impact user eligibility for Magic Eden’s highly-anticipated airdrop.
MAGIC EDEN'S U.S. USERS FEAR AIRDROP EXCLUSION
In the official announcement, Magic Eden posited that the U.S. site “will still have great products you know and love while .IO [the international site] will give us the ability to cook up (and sauté) even more features…”, suggesting that the U.S. platform will offer a limited range of services compared to its international equivalent.
Magic Eden users have expressed concerns that these limitations could extend to airdrop eligibility. Throughout the year, Solana users based in the United States have frequently found themselves unable to claim tokens due to geographic restrictions.
Due to regulatory concerns and the ongoing scrutiny of the SEC (Securities and Exchanges Commission), many crypto projects, like Sanctum and Grass, avoid distributing airdropped tokens to U.S. users.
Regulatory clarity around NFTs and digital assets were further exacerbated in late August, when the SEC issued a Wells notice to OpenSea, an alternative NFT marketplace.
Claiming that the platform facilitated the sale of unregistered securities, the notice serves as a preliminary warning and often precedes formal legal action.
In what could be considered a tongue-in-cheek gag, the official Magic Eden 𝕏 account also added a playful line to it’s bio, stipulating that “Tweets are only for non US Residents”.
SolanaFloor engaged the Magic Eden Foundation for clarity sounding the airdrop eligibility of its U.S. users. At press time, the Magic Eden Foundation declined to respond.
$ME TRADES AT.20 DESPITE LACK OF TOKENOMIC CLARITY
Since the initial announcement of the Magic Eden airdrop, pre-market trading for $ME has witnessed volatility. After opening at.08 on August 28, $ME pre-market prices rose as high as.24 before stabilizing at.20.
Despite attracting over $700 ,000 in trading volume, pre-market trading platform Whales Market has been criticized for opening a market for a coin with an unknown supply.
Without any publicly revealed tokenomics, pre-market traders are speculating on $ME at unknown valuations, which could lead to significant losses for participants.
COINGECKO NAMES MAGIC EDEN CRYPTO’S LARGEST NFT MARKETPLACE
Despite 2024’s NFT market suffering challenging conditions and diminishing volumes throughout the year, Magic Eden has managed to reassert its position as the industry’s top marketplace.
Coingecko, a popular cryptocurrency analysis site, recently declared Magic Eden as 2024’s top NFT marketplace. Boasting 36.7% market share, much of Magic Eden’s success this year could be credited to its adoption of the Bitcoin ecosystem, including its integration of Ordinals, BRC-20 tokens, and Runes.
27 days ago
Pt2 of my Tron memecoins research
Charts and Metrics
— avedex.cc
More flexible settings for indicators, faster price display, generally comfortable to use. It is very important that AVE is PAID (paid, well), analogy with the "pay dex" option. This is a green flag (and sometimes a scammer's trick);
— dextools.io/app/en/tron
I like the page with trending tokens, it displays which tokens are currently experiencing an increase in purchases or the number of transactions. Dextools can also be paid for, which is already a strong green flag for the project, because it costs a grand;
😊 Buy / Trade bots
— Official trading bot from SUNDOG
It's as if $WIF had its own product on Solana. So far, it's fast, quite convenient, there is an autobuy, like in Trojan. A copy of the NFD bot;
— NFD Tron Trade Bot
So far the most basic and convenient bot for trading;
— re:FEE
Part of the network commission can be paid with "energy", and this energy can be rented in such services
Savings from 50% to 80% compared to paying only for TRX.
Commissions in Tron are a separate story. The more transactions per day, the higher the commission. Sometimes, if the energy runs out, when selling a token, a commission of 50 TRX pops up. So just buy energy and fix fat profits, and the commission will not be so important;
🫡 ALERT bots
— t.me/sunpumpmigration
Notifies about token migration from sunpump to sunswap;
So far, imba. In the first 5 minutes of activity, you can often see alpha and catch X from deeps.
Charts and Metrics
— avedex.cc
More flexible settings for indicators, faster price display, generally comfortable to use. It is very important that AVE is PAID (paid, well), analogy with the "pay dex" option. This is a green flag (and sometimes a scammer's trick);
— dextools.io/app/en/tron
I like the page with trending tokens, it displays which tokens are currently experiencing an increase in purchases or the number of transactions. Dextools can also be paid for, which is already a strong green flag for the project, because it costs a grand;
😊 Buy / Trade bots
— Official trading bot from SUNDOG
It's as if $WIF had its own product on Solana. So far, it's fast, quite convenient, there is an autobuy, like in Trojan. A copy of the NFD bot;
— NFD Tron Trade Bot
So far the most basic and convenient bot for trading;
— re:FEE
Part of the network commission can be paid with "energy", and this energy can be rented in such services
Savings from 50% to 80% compared to paying only for TRX.
Commissions in Tron are a separate story. The more transactions per day, the higher the commission. Sometimes, if the energy runs out, when selling a token, a commission of 50 TRX pops up. So just buy energy and fix fat profits, and the commission will not be so important;
🫡 ALERT bots
— t.me/sunpumpmigration
Notifies about token migration from sunpump to sunswap;
So far, imba. In the first 5 minutes of activity, you can often see alpha and catch X from deeps.
30 days ago
Pocket Universe warns of a frontend exploit on Solana-based Parcl’s official site, which drains tokens from wallets and displays fake transactions in phantom wallet.
1 month ago
❌ Malicious chrome extension "bull checker" targets Solana users.
Aggregator Jupiter says it has identified a new malicious browser extension that has already drained the wallets of several Solana users on Reddit by posing as an extension to display all holders of specific memes
https://x.com/jupiterexcha...
Aggregator Jupiter says it has identified a new malicious browser extension that has already drained the wallets of several Solana users on Reddit by posing as an extension to display all holders of specific memes
https://x.com/jupiterexcha...
1 month ago
Phantom Wallet had an issue earlier today that temporarily hid SPL token balances, which caused users some worry. The issue was solely related to the display of account balances and did not affect actual holdings.
They've been able to rectify it now so users can be at rest.
They've been able to rectify it now so users can be at rest.
1 month ago
🚨 Highlight of the interview between Elon Musk and Trump:
👉 The interview began with Elon Musk discussing a massive DDoS attack that severely disrupted and delayed the live broadcast, originally scheduled for 8 p.m. Musk said the incident clearly revealed the strong opposition to President Donald Trump's speech:
🔹 "This massive attack shows that there is a lot of opposition to people simply hearing what President Donald Trump has to say."
🔹 Elon Musk then found it fascinating that Thomas Crooks chose the most obvious location for an assassination attempt, although no one anticipated it.
🔹 “If the goal is to assassinate, what would be your favorite place? This building. This building would be number one,” Elon Musk remarked. Donald Trump agreed: “That would have been the most appropriate place.”
👉 Elon Musk then expressed his admiration for Trump's reaction to an assassination attempt. He praised the president's determination not to be defeated by this dramatic event, but to continue to fight with a firm will and a spirit of defiance.
🔹 “Your actions following this assassination attempt have been truly inspiring,” said Elon Musk.
👉 The conversation then turned to politics, with Donald Trump voicing scathing criticism of Vice President Kamala Harris for what he called blatant hypocrisy.
🔹 Donald Trump accused Harris of plagiarizing one of his proposals, that of abolishing taxes on tips, while at the same time supporting increased IRS surveillance of citizens' tips. He denounced this inconsistency by declaring: "These people are FAKES", highlighting the contrast between past actions and current positions.
🔹 Donald Trump recalled that the previous administration had hired 88,000 new IRS agents to closely monitor tips received by waitresses and carts. According to him, this policy was mainly aimed at increasing surveillance and imposing additional burdens on workers in these sectors.
🔹 However, Donald Trump pointed out that Harris had recently adopted his proposal to eliminate tip taxes, which he said illustrated political opportunism. He accused Harris of changing her position in response to political pressure, saying that the move was designed to improve her image and gain political advantage, while remaining at odds with the policies she previously supported.
👉 Elon Musk then expressed grave concern about the future of the United States if current border policies continue.
🔹 "I'm not sure we'll have a country anymore if open borders continue for four years," he warned.
🔹 Donald Trump added that if Kamala Harris were elected, it could lead to the arrival of 50 to 60 million people from various countries around the world.
🔹 “Inflation comes from government overspending because checks never bounce when they are written by the government,” Musk explained. He suggested the creation of a “government efficiency commission” to review and reduce wasteful spending, noting that interest payments on the national debt have now exceeded the defense budget, a situation that demands immediate action.
👉 Finally, Elon Musk addressed the subject of censorship, expressing harsh criticism towards Thierry Breton, the European Commissioner, whom he accuses of having tried to censor his conversation with Donald Trump.
🔹 Elon Musk referred to Breton's warning, who had said: "With a larger audience comes greater responsibility." This statement was perceived by Musk as an attempt to limit freedom of expression, which prompted him to react strongly.
🔹 To express his displeasure, Elon Musk shared a provocative meme addressed to Breton, asking him to “take a big step back and literally fuck off.” This reaction underlined his firm opposition to any form of censorship, especially when it seems to target freedom of expression on public platforms.
👉 Elon Musk then highlighted the way Donald Trump had handled freedom of expression during his first term.
👉 The interview began with Elon Musk discussing a massive DDoS attack that severely disrupted and delayed the live broadcast, originally scheduled for 8 p.m. Musk said the incident clearly revealed the strong opposition to President Donald Trump's speech:
🔹 "This massive attack shows that there is a lot of opposition to people simply hearing what President Donald Trump has to say."
🔹 Elon Musk then found it fascinating that Thomas Crooks chose the most obvious location for an assassination attempt, although no one anticipated it.
🔹 “If the goal is to assassinate, what would be your favorite place? This building. This building would be number one,” Elon Musk remarked. Donald Trump agreed: “That would have been the most appropriate place.”
👉 Elon Musk then expressed his admiration for Trump's reaction to an assassination attempt. He praised the president's determination not to be defeated by this dramatic event, but to continue to fight with a firm will and a spirit of defiance.
🔹 “Your actions following this assassination attempt have been truly inspiring,” said Elon Musk.
👉 The conversation then turned to politics, with Donald Trump voicing scathing criticism of Vice President Kamala Harris for what he called blatant hypocrisy.
🔹 Donald Trump accused Harris of plagiarizing one of his proposals, that of abolishing taxes on tips, while at the same time supporting increased IRS surveillance of citizens' tips. He denounced this inconsistency by declaring: "These people are FAKES", highlighting the contrast between past actions and current positions.
🔹 Donald Trump recalled that the previous administration had hired 88,000 new IRS agents to closely monitor tips received by waitresses and carts. According to him, this policy was mainly aimed at increasing surveillance and imposing additional burdens on workers in these sectors.
🔹 However, Donald Trump pointed out that Harris had recently adopted his proposal to eliminate tip taxes, which he said illustrated political opportunism. He accused Harris of changing her position in response to political pressure, saying that the move was designed to improve her image and gain political advantage, while remaining at odds with the policies she previously supported.
👉 Elon Musk then expressed grave concern about the future of the United States if current border policies continue.
🔹 "I'm not sure we'll have a country anymore if open borders continue for four years," he warned.
🔹 Donald Trump added that if Kamala Harris were elected, it could lead to the arrival of 50 to 60 million people from various countries around the world.
🔹 “Inflation comes from government overspending because checks never bounce when they are written by the government,” Musk explained. He suggested the creation of a “government efficiency commission” to review and reduce wasteful spending, noting that interest payments on the national debt have now exceeded the defense budget, a situation that demands immediate action.
👉 Finally, Elon Musk addressed the subject of censorship, expressing harsh criticism towards Thierry Breton, the European Commissioner, whom he accuses of having tried to censor his conversation with Donald Trump.
🔹 Elon Musk referred to Breton's warning, who had said: "With a larger audience comes greater responsibility." This statement was perceived by Musk as an attempt to limit freedom of expression, which prompted him to react strongly.
🔹 To express his displeasure, Elon Musk shared a provocative meme addressed to Breton, asking him to “take a big step back and literally fuck off.” This reaction underlined his firm opposition to any form of censorship, especially when it seems to target freedom of expression on public platforms.
👉 Elon Musk then highlighted the way Donald Trump had handled freedom of expression during his first term.
1 month ago
Anchorage Digital Bank introduces custody and staking support for solana's SPL tokens, expanding institutional access to the Solana ecosystem.
(Anchorage - Only federally chartered crypto bank in the 🇺🇲US serving as a custodian for banks, governments, etc.)
(Anchorage - Only federally chartered crypto bank in the 🇺🇲US serving as a custodian for banks, governments, etc.)
2 months ago
Did you know Maestro is the fastest Sniper and Copytrader on #Solana ?
Maestro offers you THE supercharged $SOL toolkit!
🎯 Kickstart Launch and Auto #Sniping and secure newly launched #SPL tokens instantly.
🤝 With copytrade, effortlessly mirror the moves of pro #traders and friends. It's even fast with anti-MEV enabled!
📈 Don’t forget Maestro also fully supports #pumpdotfun .
Unleash lightning-fast, reliable snipes and copytrades and achieve top-tier results!
🤖 https://t.me/Maestro
Maestro offers you THE supercharged $SOL toolkit!
🎯 Kickstart Launch and Auto #Sniping and secure newly launched #SPL tokens instantly.
🤝 With copytrade, effortlessly mirror the moves of pro #traders and friends. It's even fast with anti-MEV enabled!
📈 Don’t forget Maestro also fully supports #pumpdotfun .
Unleash lightning-fast, reliable snipes and copytrades and achieve top-tier results!
🤖 https://t.me/Maestro
2 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 ✍️
2 months ago
Ethereum: The TVL of the Symbiotic restaking protocol exceeds $1 billion
The Symbiotic protocol differs from its direct competitor, EigenLayer, by an important feature: it also allows you to support some ERC-20 tokens in a personalized and modular way, while EigenLayer remains more exclusively focused on Ethereum.
Symbiotic recently announced that it has reached its deposit limit set at 210,600 wstETH, which allows it to display a TVL (Total Value Locked) now greater than $1 billion, according to data from the DefiLlama website.
The deposit limit for Symbiotic will be increased over time, and other assets will be added as the protocol develops.
However, despite this success, Symbiotic does not yet compete with the undisputed leader, EigenLayer, which recently boosted its position with the launch of its eigen token airdrop. It remains to be seen if Symbiotic will follow a similar path in the future.
The Symbiotic protocol differs from its direct competitor, EigenLayer, by an important feature: it also allows you to support some ERC-20 tokens in a personalized and modular way, while EigenLayer remains more exclusively focused on Ethereum.
Symbiotic recently announced that it has reached its deposit limit set at 210,600 wstETH, which allows it to display a TVL (Total Value Locked) now greater than $1 billion, according to data from the DefiLlama website.
The deposit limit for Symbiotic will be increased over time, and other assets will be added as the protocol develops.
However, despite this success, Symbiotic does not yet compete with the undisputed leader, EigenLayer, which recently boosted its position with the launch of its eigen token airdrop. It remains to be seen if Symbiotic will follow a similar path in the future.
3 months ago
Despite uncertainty across the wider crypto markets, the Solana ecosystem continues to reward its loyal users with a wealth of liberal incentives and airdrops.
Which rewards programs and incentives should you have on your radar?
JUPITER ASR (ACTIVE STAKING REWARDS)
Ever since the $JUP TGE supporters and community members have been able to stake JUP tokens within Jupiter’s platform and vote on decentralized governance proposals that shape the direction and future of the protocol.
All voters and contributors, regardless of how they cast their votes, are eligible for a share of around $60M in Jupiter ASR (Active Staking Rewards). Allocations are calculated based on an individual account’s voting power and will be comprised of:
50M JUP
7.5B WEN
7.5M ZEUS
7.5M UPT
750,000 SHARK
These highly anticipated Active Staking Rewards are expected to be distributed before July 10, with an official allocation checker scheduled to go live sometime on July 5. It’s important to note that JUP claimed during the event will automatically added to your wallet’s staked amount.
SANCTUM $CLOUD AIRDROP
Following the success of its gamified LST loyalty program, Wonderland, Sanctum’s initial $CLOUD airdrop is slated to go live in mid-July. Attracting over 300,000 participants and amassing over $1B TVL (Total Value Locked) in early June based on DeFiLlama data, Sanctum’s CLOUD airdrop is one of the ecosystem’s most eagerly awaited events.
Sanctum's CLOUD airdrop introduces a novel approach to token distribution. With 10% of the total allocated to the event, the Sanctum has made the decision to split reward users based not only on their Wonderland XP, but also on their 'Earnestness'.
An official date for the CLOUD airdrop is yet to be announced, but it expected to go live sometime in mid-July.
MARINADE SEASON 3
One of the largest DeFi applications by TVL in the Solana ecosystem, Marinade’s Season 3 Rewards program is well underway.
Expected to run for three months, Marinade Season 3 promises to distribute 25M MNDE tokens, currently valued at $2 .7M, to community members who deepen total mSOL liquidity. Users are encouraged to earn bonus MNDE incentives by providing mSOL liquidity in three different ways:
Kamino mSOL/SOL LP Vault - Up to 12.5M MNDE tokens will be allocated to users who provide mSOL/SOL liquidity on Kamino Finance. LP providers will also be eligible for Kamino rewards.
Looping Meteora mSOL/SOL LP Tokens - Up to 5M MNDE tokens will be allocated to users who deposit into mSOL/SOL pools on Meteora and strategically loop their yield through Solend.
Discretionary LP/Partner Rewards - The remaining 7.5M MNDE tokens will be distributed to community members who deepen mSOL liquidity through various other partnerships. These partnerships are dynamic and currently undisclosed.
KAMINO SEASON 2
Another Solana DeFi powerhouse, Kamino’s Season 2 records program is thriving in full force and scheduled to end around the end of July.
Reward allocations are calculated linearly based on points accrued through using the protocol’s various functions, including lending and borrowing markets. By staking KMNO, the platform’s native token, users receive multipliers that boost their point generation.
Kamino’s Season 2 rewards program has been further bolstered by the integration of PayPal’s PYUSD stablecoin, which has attracted over $38M in TVL at press time.
DEBRIDGE
A clear winner of Jupiter’s Round 3 LFG Launchpad candidates, Debridge’s ongoing rewards program has attracted over 470,000 unique accounts and transferred over $3 .1B across different blockchains.
Accruing points through Debridge’s rewards program is straightforward, users simply need to transfer funds between chains using the protocol and by referring new users.
PARCL PERPETUAL POINTS SEASON 2
As of July 1st, the Parcl Perpetual Points program has entered its second season. Expected to last for the remainder of 2024, the
Which rewards programs and incentives should you have on your radar?
JUPITER ASR (ACTIVE STAKING REWARDS)
Ever since the $JUP TGE supporters and community members have been able to stake JUP tokens within Jupiter’s platform and vote on decentralized governance proposals that shape the direction and future of the protocol.
All voters and contributors, regardless of how they cast their votes, are eligible for a share of around $60M in Jupiter ASR (Active Staking Rewards). Allocations are calculated based on an individual account’s voting power and will be comprised of:
50M JUP
7.5B WEN
7.5M ZEUS
7.5M UPT
750,000 SHARK
These highly anticipated Active Staking Rewards are expected to be distributed before July 10, with an official allocation checker scheduled to go live sometime on July 5. It’s important to note that JUP claimed during the event will automatically added to your wallet’s staked amount.
SANCTUM $CLOUD AIRDROP
Following the success of its gamified LST loyalty program, Wonderland, Sanctum’s initial $CLOUD airdrop is slated to go live in mid-July. Attracting over 300,000 participants and amassing over $1B TVL (Total Value Locked) in early June based on DeFiLlama data, Sanctum’s CLOUD airdrop is one of the ecosystem’s most eagerly awaited events.
Sanctum's CLOUD airdrop introduces a novel approach to token distribution. With 10% of the total allocated to the event, the Sanctum has made the decision to split reward users based not only on their Wonderland XP, but also on their 'Earnestness'.
An official date for the CLOUD airdrop is yet to be announced, but it expected to go live sometime in mid-July.
MARINADE SEASON 3
One of the largest DeFi applications by TVL in the Solana ecosystem, Marinade’s Season 3 Rewards program is well underway.
Expected to run for three months, Marinade Season 3 promises to distribute 25M MNDE tokens, currently valued at $2 .7M, to community members who deepen total mSOL liquidity. Users are encouraged to earn bonus MNDE incentives by providing mSOL liquidity in three different ways:
Kamino mSOL/SOL LP Vault - Up to 12.5M MNDE tokens will be allocated to users who provide mSOL/SOL liquidity on Kamino Finance. LP providers will also be eligible for Kamino rewards.
Looping Meteora mSOL/SOL LP Tokens - Up to 5M MNDE tokens will be allocated to users who deposit into mSOL/SOL pools on Meteora and strategically loop their yield through Solend.
Discretionary LP/Partner Rewards - The remaining 7.5M MNDE tokens will be distributed to community members who deepen mSOL liquidity through various other partnerships. These partnerships are dynamic and currently undisclosed.
KAMINO SEASON 2
Another Solana DeFi powerhouse, Kamino’s Season 2 records program is thriving in full force and scheduled to end around the end of July.
Reward allocations are calculated linearly based on points accrued through using the protocol’s various functions, including lending and borrowing markets. By staking KMNO, the platform’s native token, users receive multipliers that boost their point generation.
Kamino’s Season 2 rewards program has been further bolstered by the integration of PayPal’s PYUSD stablecoin, which has attracted over $38M in TVL at press time.
DEBRIDGE
A clear winner of Jupiter’s Round 3 LFG Launchpad candidates, Debridge’s ongoing rewards program has attracted over 470,000 unique accounts and transferred over $3 .1B across different blockchains.
Accruing points through Debridge’s rewards program is straightforward, users simply need to transfer funds between chains using the protocol and by referring new users.
PARCL PERPETUAL POINTS SEASON 2
As of July 1st, the Parcl Perpetual Points program has entered its second season. Expected to last for the remainder of 2024, the
3 months ago
What is magicblock?
It's a taste of what's to come in the Solana gaming scene 🎮
A beginner's guide to the Onchain Game Engine 👇
Onchain game engines make it easier to build games with no external dependencies beyond their underlying blockchain.
To me, this is one of the most exciting areas of development in crypto today, and that’s why my curiosity was piqued when I recently came across MagicBlock Engine.
MagicBlock is a game engine that’s innovated an Ephemeral Rollups architecture for powering flexible and performant onchain games on Solana.
I think MagicBlock is an interesting look into what's to come in the Solana gaming scene, so let’s catch you up on all the basics.
What Is MagicBlock?
MagicBlock is a gaming framework built on top of Solana, designed to facilitate the development of fully onchain games and apps.
Recently, MagicBlock Engine showcased its capabilities at an a16zcrypto Demo Day event.
The demo featured a real-time, fully onchain game deployed entirely on Solana, and two clients played the game simultaneously with no lag thanks to the MagicBlock’s ability to delegate accounts into fast Solana validators.
What Are Ephemeral Rollups?
MagicBlock extends Solana's capabilities by introducing Ephemeral Rollups (ERs), which are designed to efficiently facilitate state transitions without fragmenting a game’s state.
MagicBlock’s Other Main Features
⚡️ BOLT — A framework that uses the Entity Component System (ECS) pattern to streamline the development of onchain games. It allows developers to quickly create modular, reusable, and extendable game components and logic.
🪪 SOAR — SOAR stands for Solana Onchain Achievement & Ranking. This reputation system lets developers readily define achievements based on onchain activities, track and display user rankings, and deploy rewards.
🔑 Session keys — MagicBlock recently helped add support for session keys in the Solana Unity SDK, making it easier for its game devs to eliminate the need for repeated wallet popups during frequent in-game interactions in a secure fashion.
MagicBlock’s angle is to bypass these fragmentation issues by keeping assets on mainnet Solana, thus maintaining the possibility for atomic composability, while still achieving scalability with ERs. This way you get high throughput, customizable runtimes, and the ability for games and apps to seamlessly interact without needing interoperability solutions.
What to Watch Going Forward?
1. MagicBlock is new and still rearing up. Which onchain game will be the first to officially use this engine?
2. The recent MagicBlock demo achieved 50ms latency, which is competitive with modern gaming standards. Can we expect further optimizations that bring this latency even lower for even better real-time gameplay?
3. Earlier this year, Parallel announced its AI game Colony would be based on Solana. Could the Parallel team adopt MagicBlock Engine to meet its infrastructure needs here?
4. With MagicBlock maintaining assets on the Solana mainnet, developers have the potential for atomic composability. What use cases will emerge from this capability?
5. Onchain games benefit greatly from user-generated content (UGC) and user-generated logic (UGL). Will the SOAR system be used to incentivize these sorts of creations?
The Bottom Line
While MagicBlock is still in its early stages, its potential to catalyze Solana’s fully onchain gaming scene seems considerable, as its Ephemeral Rollups architecture can help it bypass key challenges faced by other gaming engines while still ensuring high performance. Looking ahead, be sure to stay updated on the team’s progress by following them on Twitter— they’re ones to watch in my opinion!
Written by WPeaster
It's a taste of what's to come in the Solana gaming scene 🎮
A beginner's guide to the Onchain Game Engine 👇
Onchain game engines make it easier to build games with no external dependencies beyond their underlying blockchain.
To me, this is one of the most exciting areas of development in crypto today, and that’s why my curiosity was piqued when I recently came across MagicBlock Engine.
MagicBlock is a game engine that’s innovated an Ephemeral Rollups architecture for powering flexible and performant onchain games on Solana.
I think MagicBlock is an interesting look into what's to come in the Solana gaming scene, so let’s catch you up on all the basics.
What Is MagicBlock?
MagicBlock is a gaming framework built on top of Solana, designed to facilitate the development of fully onchain games and apps.
Recently, MagicBlock Engine showcased its capabilities at an a16zcrypto Demo Day event.
The demo featured a real-time, fully onchain game deployed entirely on Solana, and two clients played the game simultaneously with no lag thanks to the MagicBlock’s ability to delegate accounts into fast Solana validators.
What Are Ephemeral Rollups?
MagicBlock extends Solana's capabilities by introducing Ephemeral Rollups (ERs), which are designed to efficiently facilitate state transitions without fragmenting a game’s state.
MagicBlock’s Other Main Features
⚡️ BOLT — A framework that uses the Entity Component System (ECS) pattern to streamline the development of onchain games. It allows developers to quickly create modular, reusable, and extendable game components and logic.
🪪 SOAR — SOAR stands for Solana Onchain Achievement & Ranking. This reputation system lets developers readily define achievements based on onchain activities, track and display user rankings, and deploy rewards.
🔑 Session keys — MagicBlock recently helped add support for session keys in the Solana Unity SDK, making it easier for its game devs to eliminate the need for repeated wallet popups during frequent in-game interactions in a secure fashion.
MagicBlock’s angle is to bypass these fragmentation issues by keeping assets on mainnet Solana, thus maintaining the possibility for atomic composability, while still achieving scalability with ERs. This way you get high throughput, customizable runtimes, and the ability for games and apps to seamlessly interact without needing interoperability solutions.
What to Watch Going Forward?
1. MagicBlock is new and still rearing up. Which onchain game will be the first to officially use this engine?
2. The recent MagicBlock demo achieved 50ms latency, which is competitive with modern gaming standards. Can we expect further optimizations that bring this latency even lower for even better real-time gameplay?
3. Earlier this year, Parallel announced its AI game Colony would be based on Solana. Could the Parallel team adopt MagicBlock Engine to meet its infrastructure needs here?
4. With MagicBlock maintaining assets on the Solana mainnet, developers have the potential for atomic composability. What use cases will emerge from this capability?
5. Onchain games benefit greatly from user-generated content (UGC) and user-generated logic (UGL). Will the SOAR system be used to incentivize these sorts of creations?
The Bottom Line
While MagicBlock is still in its early stages, its potential to catalyze Solana’s fully onchain gaming scene seems considerable, as its Ephemeral Rollups architecture can help it bypass key challenges faced by other gaming engines while still ensuring high performance. Looking ahead, be sure to stay updated on the team’s progress by following them on Twitter— they’re ones to watch in my opinion!
Written by WPeaster
3 months ago
Why don't all you hot cosplay chicks try cosplaying as somebody who weighs less than 120 pounds.
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4 months ago
Let me know if your among my referrals from my link and get entered into my 100k giveaway if you are, when I hit 1000 referrals I'll split $100ooo .°°$ between 50 ppl.... 5k to 1 person and if I get 10k referrals I'll 10x the prize pool and prizes
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