7 days ago
Big News, Kitten Army! ๐พ
Weโre thrilled to announce that Kitten Haimer is now officially available on GSHAKE_game! ๐ฎ๐ฅ
Dive into the action and represent $KHAI in the ultimate Web3 gaming experience.
Letโs shake up the game, one paw at a time! ๐ฑ๐
Play on: ๐
https://t.me/gshake_bot/ga...
Weโre thrilled to announce that Kitten Haimer is now officially available on GSHAKE_game! ๐ฎ๐ฅ
Dive into the action and represent $KHAI in the ultimate Web3 gaming experience.
Letโs shake up the game, one paw at a time! ๐ฑ๐
Play on: ๐
https://t.me/gshake_bot/ga...
9 days ago
Daily Memecoin Recap - November 25
Decent volume, market's waiting for a clear meta
Peanut's Owner Launch
#justice -> hit $165m
$fmark -> hit $510k , f*ck the owner
- Owner of Peanut launches his own coin, claiming that $pnut and $fred used his story for money
Pump Fun Closes Livestream
$victim -> hit $3 .7m, victims of pump fun
#homeless -> hit $1 .3m, live on street until we hit $50m
- After users are majorly concerned with some of the streams coming out, pump fun closes the feature
TikTok Meta
$dk -> hit $17 .5m, Just A Chill Donkey Fr
$baldi -> hit $3m , Baldi Baldimore
$mew -> hit $1 .9m, mewing snowman
$los -> hit $1 .7m
Bob Takes Over Twitter
$bob -> hit $32 .1m, This is Bob. Copy and paste him
Good Art
$fric -> hit $26 .6m, frog
Artificial Intelligence
$ubc -> hit $10 .4m, Universal Basic Compute
$loria -> hit $4 .9m, new
truth_terminal
More Cooks
$ass -> hit $24m
$sava -> hit $8 .3m,
MartinShkreli replies
$1 -> hit $6 .7m, just buy $1 worth of this coin
$sercy -> hit $5 .6m
$rna -> hit $5 .5m
$na -> hit $5 .1m
$loria -> hit $4 .9m
#tontoba -> hit $4 .5m
$blt -> hit $3 .7m, bltcoin
$bread -> hit $3 .1m
$braz -> hit $3m
$perrot -> hit $2 .7m
$cancer -> hit $2 .5m, f*ck cancer
$alot -> hit $1 .8m, this will be worth alot
$sunny -> hit $1m
$bee -> hit $560k
#santahat -> hit $450k , runescape meme
There's opportunities every day
Did you cook?
Decent volume, market's waiting for a clear meta
Peanut's Owner Launch
#justice -> hit $165m
$fmark -> hit $510k , f*ck the owner
- Owner of Peanut launches his own coin, claiming that $pnut and $fred used his story for money
Pump Fun Closes Livestream
$victim -> hit $3 .7m, victims of pump fun
#homeless -> hit $1 .3m, live on street until we hit $50m
- After users are majorly concerned with some of the streams coming out, pump fun closes the feature
TikTok Meta
$dk -> hit $17 .5m, Just A Chill Donkey Fr
$baldi -> hit $3m , Baldi Baldimore
$mew -> hit $1 .9m, mewing snowman
$los -> hit $1 .7m
Bob Takes Over Twitter
$bob -> hit $32 .1m, This is Bob. Copy and paste him
Good Art
$fric -> hit $26 .6m, frog
Artificial Intelligence
$ubc -> hit $10 .4m, Universal Basic Compute
$loria -> hit $4 .9m, new
truth_terminal
More Cooks
$ass -> hit $24m
$sava -> hit $8 .3m,
MartinShkreli replies
$1 -> hit $6 .7m, just buy $1 worth of this coin
$sercy -> hit $5 .6m
$rna -> hit $5 .5m
$na -> hit $5 .1m
$loria -> hit $4 .9m
#tontoba -> hit $4 .5m
$blt -> hit $3 .7m, bltcoin
$bread -> hit $3 .1m
$braz -> hit $3m
$perrot -> hit $2 .7m
$cancer -> hit $2 .5m, f*ck cancer
$alot -> hit $1 .8m, this will be worth alot
$sunny -> hit $1m
$bee -> hit $560k
#santahat -> hit $450k , runescape meme
There's opportunities every day
Did you cook?
16 days ago
Daily Memecoin Recap - November 17
Sol ATH is ~5% away ๐
Launch AI Agents With A Token
$vvaifu -> hit $128m , vvaifudotfun dasha_terminal
Epileptic Meta
$๐ฅ๐ฉ -> hit $19 .6m, seizure warning
Binance Dog
$fur -> hit $42m
$baobao -> hit $8 .4m
$maui -> hit $6 .22m, old binance dog from May
$lol -> hit $3 .6m, Lost on Ledger, binance tweet
$marco -> hit $3m , the dog's name
- binance tweeted a dog
- Whenever binance tweets an animal, it usually spawns a coin that goes to multiple millions
Andrew Tate's Dog
$G -> hit $119m
$G -> hit $4 .6m, OG coin launched in June
- Pushed by Cobratate
- 20% of supply sent to Andrew
Doge's Loaf
$loaf -> hit $30 .2m, dog meme, based on a tweet from $DOGE 's founder BillyM2k
GME Mascot
$buck -> $27m to $98m (3.6x), buckthebunny affiliated with gamestop
$buck -> hit $6 .6m
Elon Tweets
$qnn -> hit $6 .9m
$ฮฉ -> hit $4 .3m
Science meta
$scihub -> hit $75m
$uro -> hit $50m . pumpdotscience
Ai16z
#ai16z -> hit $495m
#punk3492 -> hit $26m , a burned cryptopunksnfts
$elize -> hit $23m , ai16zdao
Artificial Intelligence
$eef -> hit $7m
$telos -> hit $5m
$astra -> hit $3 .4m
$gnosis -> hit $2 .3m
Peanut Betas
$ruby -> hit $17 .1m, $pnut beta
$dognut -> hit $12m , $pnut beta
#hazelnut -> hit $7 .5m
$tucker -> hit $1 .7m, Peanut's dog
More Cooks
$rizo -> $6m to $55m (9.1x)
$nomnom -> hit $98m , one of the strongest cults rn
$bueno -> hit $10 .6m
$renzo -> hit $7 .7m, Abdu Rozik's (Hasbulla's nemesis) cat
#marshall -> hit $7m , joerogan's dog
#nohands -> hit $6 .4m
$wabbit -> hit $6 .3m
$bob -> hit $4 .9m, bob the human fish
$ferg -> hit $3 .7m
$time -> hit $3 .3m, it's my time
#inshallah -> hit $3 .2m
$more -> hit $2 .9m, shoulda bought more
$3 -> hit $1 .4m, the three musketeers, realdonaldtrump elonmusk danawhite
$ava -> hit $1m
I have a feeling this week's going to be VERY good
Lock in ๐
Sol ATH is ~5% away ๐
Launch AI Agents With A Token
$vvaifu -> hit $128m , vvaifudotfun dasha_terminal
Epileptic Meta
$๐ฅ๐ฉ -> hit $19 .6m, seizure warning
Binance Dog
$fur -> hit $42m
$baobao -> hit $8 .4m
$maui -> hit $6 .22m, old binance dog from May
$lol -> hit $3 .6m, Lost on Ledger, binance tweet
$marco -> hit $3m , the dog's name
- binance tweeted a dog
- Whenever binance tweets an animal, it usually spawns a coin that goes to multiple millions
Andrew Tate's Dog
$G -> hit $119m
$G -> hit $4 .6m, OG coin launched in June
- Pushed by Cobratate
- 20% of supply sent to Andrew
Doge's Loaf
$loaf -> hit $30 .2m, dog meme, based on a tweet from $DOGE 's founder BillyM2k
GME Mascot
$buck -> $27m to $98m (3.6x), buckthebunny affiliated with gamestop
$buck -> hit $6 .6m
Elon Tweets
$qnn -> hit $6 .9m
$ฮฉ -> hit $4 .3m
Science meta
$scihub -> hit $75m
$uro -> hit $50m . pumpdotscience
Ai16z
#ai16z -> hit $495m
#punk3492 -> hit $26m , a burned cryptopunksnfts
$elize -> hit $23m , ai16zdao
Artificial Intelligence
$eef -> hit $7m
$telos -> hit $5m
$astra -> hit $3 .4m
$gnosis -> hit $2 .3m
Peanut Betas
$ruby -> hit $17 .1m, $pnut beta
$dognut -> hit $12m , $pnut beta
#hazelnut -> hit $7 .5m
$tucker -> hit $1 .7m, Peanut's dog
More Cooks
$rizo -> $6m to $55m (9.1x)
$nomnom -> hit $98m , one of the strongest cults rn
$bueno -> hit $10 .6m
$renzo -> hit $7 .7m, Abdu Rozik's (Hasbulla's nemesis) cat
#marshall -> hit $7m , joerogan's dog
#nohands -> hit $6 .4m
$wabbit -> hit $6 .3m
$bob -> hit $4 .9m, bob the human fish
$ferg -> hit $3 .7m
$time -> hit $3 .3m, it's my time
#inshallah -> hit $3 .2m
$more -> hit $2 .9m, shoulda bought more
$3 -> hit $1 .4m, the three musketeers, realdonaldtrump elonmusk danawhite
$ava -> hit $1m
I have a feeling this week's going to be VERY good
Lock in ๐
18 days ago
Daily Memecoin Recap - November 15
We got a decent amount of $10m + runners, but lots of pvp today
Mascot Meta
$lester -> hit $197m , litecoin mascot
$phil -> hit $23 .4m, binance mascot
$cupsey -> hit $21 .5m, pumpdotfun mascot
$clark -> hit $10m , coinbase mascot
$chatty -> hit $9 .1m, ChatGPTapp mascot
$bibi -> hit $2 .6m, tweet from 2018 of binance tweeting a coin/mascot
$blocky -> hit $2 .5m, okx mascot
$poly -> hit $2m , 0xPolygon mascot
- Litecoin started the mascot meta
- A bunch of companies are now coming up with their own mascots
Phantom Deployed A Coin?
#kendrook -> hit $7 .5m
- Someone did research going through a video made by phantom founder BChillman
Bitcoin Mascots
$bitcat -> hit $90m , Bitcoin mascot, greg16676935420 replied
$alpaca -> hit $14 .2m, old bitcoin mascot from 2011
$bitdog -> hit $6 .8m, $bitcat beta
#bitrhino -> hit $4m
Hasbulla Joins Memes
$barsik -> hit $103m , Hasbulla's cat
- hasbulla_main, continues to push his coin
Elon's New Podcast
$ @doge -> hit $37m , DOGE, Elon tweeted
#dogecast -> hit $33m
- Dogecast is a new podcast featuring VivekGRamaswamy and elonmusk
Mike Tyson vs Jake Paul
$tyson -> hit $5 .5m
$fight -> hit $4 .6m
#mikeass -> hit $3 .5m, MikeTyson goes viral after pantless in an interview
NYC Dog Mayor
$bert -> hit $185m , crashed to $12m (currently at $70m )
$simon -> hit $25m , Simon beat Bert to become the mayor for the next 2 years
Moo Deng Wants A Billion
#moodeng -> $282m to $703m (2.5x)
Animals
#charlie -> hit $15m
$bella -> hit $6 .1m, dog meme
$vibe -> hit $4m , vibe cat, OG meme, has been done multiple times
$nibsy -> hit $1 .3m, cat meme
Pnut Betas
#cheyenne -> hit $41m , first animal in $pnut 's freedom farm
#babypnut -> hit $23m
#pepnut -> hit $3 .5m, $pepe + $pnut
$tunp -> hit $1 .7m, pnut backwards
Artificial Intelligence
$goat -> hit $1 .2b, ATH
#zerebro -> hit $265m
$ava -> hit $90m , AI agent for storytelling, good tech
$rex -> hit $41m , moonshotdotcc launch, $800k + in LP Rewards
$aika -> hit $19 .6m
More Cooks
$maneki -> hit $130m , idrawline pushing
$arie -> hit $19m
$maxx -> hit $7 .4m
#malicious -> hit $5 .3m
How much are you up/down this week?
We got a decent amount of $10m + runners, but lots of pvp today
Mascot Meta
$lester -> hit $197m , litecoin mascot
$phil -> hit $23 .4m, binance mascot
$cupsey -> hit $21 .5m, pumpdotfun mascot
$clark -> hit $10m , coinbase mascot
$chatty -> hit $9 .1m, ChatGPTapp mascot
$bibi -> hit $2 .6m, tweet from 2018 of binance tweeting a coin/mascot
$blocky -> hit $2 .5m, okx mascot
$poly -> hit $2m , 0xPolygon mascot
- Litecoin started the mascot meta
- A bunch of companies are now coming up with their own mascots
Phantom Deployed A Coin?
#kendrook -> hit $7 .5m
- Someone did research going through a video made by phantom founder BChillman
Bitcoin Mascots
$bitcat -> hit $90m , Bitcoin mascot, greg16676935420 replied
$alpaca -> hit $14 .2m, old bitcoin mascot from 2011
$bitdog -> hit $6 .8m, $bitcat beta
#bitrhino -> hit $4m
Hasbulla Joins Memes
$barsik -> hit $103m , Hasbulla's cat
- hasbulla_main, continues to push his coin
Elon's New Podcast
$ @doge -> hit $37m , DOGE, Elon tweeted
#dogecast -> hit $33m
- Dogecast is a new podcast featuring VivekGRamaswamy and elonmusk
Mike Tyson vs Jake Paul
$tyson -> hit $5 .5m
$fight -> hit $4 .6m
#mikeass -> hit $3 .5m, MikeTyson goes viral after pantless in an interview
NYC Dog Mayor
$bert -> hit $185m , crashed to $12m (currently at $70m )
$simon -> hit $25m , Simon beat Bert to become the mayor for the next 2 years
Moo Deng Wants A Billion
#moodeng -> $282m to $703m (2.5x)
Animals
#charlie -> hit $15m
$bella -> hit $6 .1m, dog meme
$vibe -> hit $4m , vibe cat, OG meme, has been done multiple times
$nibsy -> hit $1 .3m, cat meme
Pnut Betas
#cheyenne -> hit $41m , first animal in $pnut 's freedom farm
#babypnut -> hit $23m
#pepnut -> hit $3 .5m, $pepe + $pnut
$tunp -> hit $1 .7m, pnut backwards
Artificial Intelligence
$goat -> hit $1 .2b, ATH
#zerebro -> hit $265m
$ava -> hit $90m , AI agent for storytelling, good tech
$rex -> hit $41m , moonshotdotcc launch, $800k + in LP Rewards
$aika -> hit $19 .6m
More Cooks
$maneki -> hit $130m , idrawline pushing
$arie -> hit $19m
$maxx -> hit $7 .4m
#malicious -> hit $5 .3m
How much are you up/down this week?
21 days ago
Trading checklist:
โ random CT alpha
โ following paid groups
โ watching 24/7
โ Maestro /trending list
โ pre-launch sniper
โ instant execution
Hereโs your /trending list sneak peek. Available with Maestro Premium.
Work smarter not harder.
http://t.me/maestro
#TradingBot #defi #crypto #MaestroBots
โ random CT alpha
โ following paid groups
โ watching 24/7
โ Maestro /trending list
โ pre-launch sniper
โ instant execution
Hereโs your /trending list sneak peek. Available with Maestro Premium.
Work smarter not harder.
http://t.me/maestro
#TradingBot #defi #crypto #MaestroBots
1 month ago
2 months ago
Based Rollups
What are they, why do they exist, and which projects are already making waves?
A 101 explainer ๐
==================================
Scaling #Ethereum has been one of the most discussed challenges in crypto.
To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions, but still keep Ethereumโs security.
They're bringing more users and value to Ethereum, however, concerns remain about their reliance on centralized sequencers and liquidity fragmentation across chains.
This is where based rollups come in. They integrate more closely with Ethereum's infrastructure, helping retain value within the ecosystem. This new method of building rollups could bring additional value to Ethereum and $ETH .
What are Based rollups?
Based rollups, or L1-sequenced rollups, are a type of rollup where the base L1 chain, like Ethereum, manages transaction sequencing directly.
Unlike traditional rollups that rely on their own sequencers, based rollups tap into the security, liveness, and decentralization of the L1 by outsourcing transaction sequencing to the L1โs infrastructure. This infrastructure includes proposers, searchers, builders, and other actors who permissionlessly include based rollup blocks in L1 blocks.
How do Based rollups work?
Based rollups use the L1 for consensus, data availability, and settlement layers, while handling execution independently. For instance, when Ethereum is the base L1, the key layers of based rollups are as follows:
1. Execution Layer โ Managed by the rollup itself, where transactions are executed off-chain.
2. Consensus Layer โ Relies on Ethereum validators to sequence transactions.
3. Data Availability Layer โ Uses Ethereum as the DA layer to ensure that transaction data is available for validation by anyone.
4. Settlement Layer โ Also part of Ethereum, where final transaction states of the rollup are recorded.
Based rollups use Ethereum for everything from ordering transactions to settling them. While this approach may not seem radically different from traditional rollups, it fundamentally shifts how sequencing is handled. Instead of relying solely on separate sequencers, based rollups leverage Ethereum itself for transaction sequencing.
Why based rollups?
As Justin Drake outlined in his original post, based rollups are worth your attention for several reasons:
1. Inherited Liveness and Decentralization โ One of the key advantages of based rollups is their ability to inherit the liveness guarantees of the base L1 chain. As long as the L1 is operational, so is the rollup.
2. Economic Alignment with L1 โ The economic model of based rollups creates a mutually beneficial relationship with the L1. Priority fees and MEV from these rollups naturally flows to the L1. This synergy doesnโt just add value to the base layer, it also boosts the legitimacy and brand awareness of the rollups themselves, thanks to Ethereumโs community.
3. Cost Efficiency โ Outsourcing sequencing to Ethereum reduces development costs, accelerates time to market, and lowers user costs (especially at scale) for based rollups.
However, based rollups have trade-offs. They sacrifice some profitability by relying on Ethereum for sequencing, missing out on priority fees and MEV. Additionally, they contend with Ethereum's inherent challenges, such as slow block times, which can cause latency issues.
There's a real debate that these changes might compromise the simplicity and security that initially made based rollups appealing.
What are they, why do they exist, and which projects are already making waves?
A 101 explainer ๐
==================================
Scaling #Ethereum has been one of the most discussed challenges in crypto.
To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions, but still keep Ethereumโs security.
They're bringing more users and value to Ethereum, however, concerns remain about their reliance on centralized sequencers and liquidity fragmentation across chains.
This is where based rollups come in. They integrate more closely with Ethereum's infrastructure, helping retain value within the ecosystem. This new method of building rollups could bring additional value to Ethereum and $ETH .
What are Based rollups?
Based rollups, or L1-sequenced rollups, are a type of rollup where the base L1 chain, like Ethereum, manages transaction sequencing directly.
Unlike traditional rollups that rely on their own sequencers, based rollups tap into the security, liveness, and decentralization of the L1 by outsourcing transaction sequencing to the L1โs infrastructure. This infrastructure includes proposers, searchers, builders, and other actors who permissionlessly include based rollup blocks in L1 blocks.
How do Based rollups work?
Based rollups use the L1 for consensus, data availability, and settlement layers, while handling execution independently. For instance, when Ethereum is the base L1, the key layers of based rollups are as follows:
1. Execution Layer โ Managed by the rollup itself, where transactions are executed off-chain.
2. Consensus Layer โ Relies on Ethereum validators to sequence transactions.
3. Data Availability Layer โ Uses Ethereum as the DA layer to ensure that transaction data is available for validation by anyone.
4. Settlement Layer โ Also part of Ethereum, where final transaction states of the rollup are recorded.
Based rollups use Ethereum for everything from ordering transactions to settling them. While this approach may not seem radically different from traditional rollups, it fundamentally shifts how sequencing is handled. Instead of relying solely on separate sequencers, based rollups leverage Ethereum itself for transaction sequencing.
Why based rollups?
As Justin Drake outlined in his original post, based rollups are worth your attention for several reasons:
1. Inherited Liveness and Decentralization โ One of the key advantages of based rollups is their ability to inherit the liveness guarantees of the base L1 chain. As long as the L1 is operational, so is the rollup.
2. Economic Alignment with L1 โ The economic model of based rollups creates a mutually beneficial relationship with the L1. Priority fees and MEV from these rollups naturally flows to the L1. This synergy doesnโt just add value to the base layer, it also boosts the legitimacy and brand awareness of the rollups themselves, thanks to Ethereumโs community.
3. Cost Efficiency โ Outsourcing sequencing to Ethereum reduces development costs, accelerates time to market, and lowers user costs (especially at scale) for based rollups.
However, based rollups have trade-offs. They sacrifice some profitability by relying on Ethereum for sequencing, missing out on priority fees and MEV. Additionally, they contend with Ethereum's inherent challenges, such as slow block times, which can cause latency issues.
There's a real debate that these changes might compromise the simplicity and security that initially made based rollups appealing.
2 months ago
(E)
Introducing the BullVerse Loyalty Program ๐
Our Loyalty Program is designed to reward users for their commitment and engagement with our platform. The program will gradually roll out with badges and additional benefits. A task management widget is available to help you track your progress and see how close you are to unlocking your next rewards.
Hereโs how it works๐
๐ Each level in the loyalty program unlocks new perks and exclusive features. As users advance through the levels, they gain access to more rewards.
๐ Our program uses a points-based system to calculate your rewards and bonuses. The more points you accumulate, the higher your level and the better the rewards.
๐ We encourage users to upgrade their levels by completing tasks and earning points. Moving up the levels provides more benefits, enhancing their experience.
โโโโโ
๐ Perks and Rewards: Level upgrades gives you access to exclusive benefits such as automatic withdrawals, special bonuses and reserved-features.
๐ You will start receiving rewards to your wallet as soon as you complete Level 3. Users who complete Level 3 will also unlock the ability to process automatic withdrawals.
โผ๏ธ Important: Any attempt to manipulate or trick the system will result in an immediate downgrade or disqualification from the loyalty program.
๐ The widget has been made live, and those who started using it helped us discover a few issues that have since been addressed.
We encourage everyone (community members & team members) to upgrade their levels as soon as possible.
The only way to reach a new level is by completing the assigned tasks.
What's next ?
Stay tuned for our next announcement regarding giveaways launching very soon on BullVerse, our next big step to bring engagement, revenue and users to the platform !
Our Loyalty Program is designed to reward users for their commitment and engagement with our platform. The program will gradually roll out with badges and additional benefits. A task management widget is available to help you track your progress and see how close you are to unlocking your next rewards.
Hereโs how it works๐
๐ Each level in the loyalty program unlocks new perks and exclusive features. As users advance through the levels, they gain access to more rewards.
๐ Our program uses a points-based system to calculate your rewards and bonuses. The more points you accumulate, the higher your level and the better the rewards.
๐ We encourage users to upgrade their levels by completing tasks and earning points. Moving up the levels provides more benefits, enhancing their experience.
โโโโโ
๐ Perks and Rewards: Level upgrades gives you access to exclusive benefits such as automatic withdrawals, special bonuses and reserved-features.
๐ You will start receiving rewards to your wallet as soon as you complete Level 3. Users who complete Level 3 will also unlock the ability to process automatic withdrawals.
โผ๏ธ Important: Any attempt to manipulate or trick the system will result in an immediate downgrade or disqualification from the loyalty program.
๐ The widget has been made live, and those who started using it helped us discover a few issues that have since been addressed.
We encourage everyone (community members & team members) to upgrade their levels as soon as possible.
The only way to reach a new level is by completing the assigned tasks.
What's next ?
Stay tuned for our next announcement regarding giveaways launching very soon on BullVerse, our next big step to bring engagement, revenue and users to the platform !
2 months ago
๐ด The ( MultiversX $EGLD ) can now be used to book hotels, flights and activities around the world through travalacom
2 months ago
PayPal, one of the worldโs largest financial platforms, continues its mission to deliver blockchain-based services to users and businesses alike.
On September 25, 2024, PayPal announced it would be enabling U.S. merchants to buy, hold, and sell cryptocurrency assets within their business accounts. The move is the latest in a slew of updates made by PayPal as the TradFi giant continues to embrace the cryptocurrency industry.
U.S. Businesses Can Now Store Funds Onchain
Following the successful launch of crypto services for individual users, PayPal remarked that businesses were eager to meet userโs growing demand for more comprehensive crypto services.
"Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrencyโฆ Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly." - Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal.
PayPalโs commitment to providing merchants with expanded crypto services and flexibility goes beyond buying and selling digital assets. Merchants can now withdraw cryptocurrencies to external onchain wallets.
While PayPal has stipulated that this feature will be limited to โeligibleโ wallets, the move also opens the door to more businesses becoming involved in DeFi. For example, businesses holding capital might be able to lend out assets in various onchain lending protocols, earning additional yield on a merchantโs treasury.
$PYUSD Solana Supply Down 40% Since ATH
Since launching on Solana on May 29, 2024, $PYUSD enjoyed meteoric growth. Spurred on by generous liquidity provision incentives, $PYUSDโs Solana-based supply surged to over 663.4M tokens based on Step Finance data. This eclipsed Ethereumโs $PYUSD supply, making Solana the unofficial home of PayPalโs crypto services.
However, as $PYUSD reward campaigns have slowed and market conditions improved, the supply of PayPal USD on Solana has declined. At its highest point on August 28, 2024, Solana hosted $PYUSD 65.79% supply dominance.
Based on DeFiLlama data, that figure has since fallen to just 50.4%, with PayPal USDโs Solana-based supply currently sitting at 354M.
It's unlikely that PayPal merchants based in the U.S. will rush to bring their stablecoin holdings onchain and deploy them in Solana DeFi protocols. However, the move highlights PayPalโs willingness to respond positively to customer feedback and integrate blockchain technology into its expansive product suite.
On September 25, 2024, PayPal announced it would be enabling U.S. merchants to buy, hold, and sell cryptocurrency assets within their business accounts. The move is the latest in a slew of updates made by PayPal as the TradFi giant continues to embrace the cryptocurrency industry.
U.S. Businesses Can Now Store Funds Onchain
Following the successful launch of crypto services for individual users, PayPal remarked that businesses were eager to meet userโs growing demand for more comprehensive crypto services.
"Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrencyโฆ Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly." - Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal.
PayPalโs commitment to providing merchants with expanded crypto services and flexibility goes beyond buying and selling digital assets. Merchants can now withdraw cryptocurrencies to external onchain wallets.
While PayPal has stipulated that this feature will be limited to โeligibleโ wallets, the move also opens the door to more businesses becoming involved in DeFi. For example, businesses holding capital might be able to lend out assets in various onchain lending protocols, earning additional yield on a merchantโs treasury.
$PYUSD Solana Supply Down 40% Since ATH
Since launching on Solana on May 29, 2024, $PYUSD enjoyed meteoric growth. Spurred on by generous liquidity provision incentives, $PYUSDโs Solana-based supply surged to over 663.4M tokens based on Step Finance data. This eclipsed Ethereumโs $PYUSD supply, making Solana the unofficial home of PayPalโs crypto services.
However, as $PYUSD reward campaigns have slowed and market conditions improved, the supply of PayPal USD on Solana has declined. At its highest point on August 28, 2024, Solana hosted $PYUSD 65.79% supply dominance.
Based on DeFiLlama data, that figure has since fallen to just 50.4%, with PayPal USDโs Solana-based supply currently sitting at 354M.
It's unlikely that PayPal merchants based in the U.S. will rush to bring their stablecoin holdings onchain and deploy them in Solana DeFi protocols. However, the move highlights PayPalโs willingness to respond positively to customer feedback and integrate blockchain technology into its expansive product suite.
2 months ago
Itโs here โ a crypto game for mass audiences.
Everything you need to know about
@solana
's new mobile shooter -- FTW ๐ซ๐
========================================
jungle_xyzโs FTW is a fast-paced mobile shooter where players can play casually or win real rewards by competing in tournaments and PVP wagering matches.
While FTW has multiple ways to playโFree-for-Alls, Team Deathmatches, and Extractions (akin to capture the flag)โits main mode is Showdown, where 10 players face off in a 3-minute Battle Royale. Here, players spawn with randomized load-outs of different heroes, weapons, and gadgets and can respawn during the first 2 minutes, battling to rack up points and buffs.
After this, the playing zone starts closing and respawns are disabled until the last player standing claims victory. Along the way, players can pick up new weapons and equipment scattered across the map. These come in four rarity levels: White, Blue, Purple, and Yellow, each offering increased power for an edge as the match progresses.
โ๏ธ Qualifiers (Mon-Fri): During weekdays, you can play Showdown matches for free and collect points to prepare for the weekend Finals. This mode helps you accumulate upgrades, currencies, and tickets, which will be crucial for weekend competition.
๐Finals (Sat-Sun): The weekend Finals require one ticket per match, and only these games count toward the leaderboard for prizes. Players can win $USDC , $SOL , in-game rewards, and whitelist spots for Jungleโs Genesis mint โ though you must connect your wallet and Discord to be eliglible.
Additionally, there is a Monthly Leaderboard on FTWโs Jungle Discord, where your Finals scores accumulate throughout the month. Players who perform well can qualify for boosted rewards.
How to Get Started:
Additional Features:
๐ฏ Auto-Aim: FTW lets you choose between manual and auto-aim in its settings. While it may burn through your bullets, personally Iโd recommend auto.
๐ฅ Hero Ultimates: Each hero has a unique ultimate ability like airstrikes, poison gas, or shock blasts, which charges up as the match goes on and you rack up more stats.
๐งฐ Hero and Weapon Upgrades: XP will be earned as you play, alongside crates offering unique boosts which can be used to upgrade your heroes and weapons, increasing traits like their resilience, precision, and speed.
How to Earn:
FTWโs tournaments are where the moneyโs made, and these events are split into Qualifiers and Finals:
๐ฒ Download FTW: The game is available on the iOS App Store and Google Play in early access worldwide.
โ Sign Up: Once downloaded, create your account through your email or Google.
๐ Link Your Account: To qualify for rewards, join the Jungle Discord and complete your profile under the profile channel by linking your FTW account (a code will be provided in the app) and Solana wallet.
๐ Join Tournaments: Participate in weekly Qualifiers to earn points, and use tickets to join the weekend Finals for a shot at the prizes.
And that's all it takes to get started here!
With mobile games feeling ripe for crypto adoption by augmenting their casual gameplay with onchain rewards, Jungle looks to be flying under the radar as a studio to watch.
Move quickly, though! The last Qualifiers for this first โPlay-to-Mintโ tournament end on September 27th, though we can expect more down the line.
โ๏ธ by wmpeaster
Everything you need to know about
@solana
's new mobile shooter -- FTW ๐ซ๐
========================================
jungle_xyzโs FTW is a fast-paced mobile shooter where players can play casually or win real rewards by competing in tournaments and PVP wagering matches.
While FTW has multiple ways to playโFree-for-Alls, Team Deathmatches, and Extractions (akin to capture the flag)โits main mode is Showdown, where 10 players face off in a 3-minute Battle Royale. Here, players spawn with randomized load-outs of different heroes, weapons, and gadgets and can respawn during the first 2 minutes, battling to rack up points and buffs.
After this, the playing zone starts closing and respawns are disabled until the last player standing claims victory. Along the way, players can pick up new weapons and equipment scattered across the map. These come in four rarity levels: White, Blue, Purple, and Yellow, each offering increased power for an edge as the match progresses.
โ๏ธ Qualifiers (Mon-Fri): During weekdays, you can play Showdown matches for free and collect points to prepare for the weekend Finals. This mode helps you accumulate upgrades, currencies, and tickets, which will be crucial for weekend competition.
๐Finals (Sat-Sun): The weekend Finals require one ticket per match, and only these games count toward the leaderboard for prizes. Players can win $USDC , $SOL , in-game rewards, and whitelist spots for Jungleโs Genesis mint โ though you must connect your wallet and Discord to be eliglible.
Additionally, there is a Monthly Leaderboard on FTWโs Jungle Discord, where your Finals scores accumulate throughout the month. Players who perform well can qualify for boosted rewards.
How to Get Started:
Additional Features:
๐ฏ Auto-Aim: FTW lets you choose between manual and auto-aim in its settings. While it may burn through your bullets, personally Iโd recommend auto.
๐ฅ Hero Ultimates: Each hero has a unique ultimate ability like airstrikes, poison gas, or shock blasts, which charges up as the match goes on and you rack up more stats.
๐งฐ Hero and Weapon Upgrades: XP will be earned as you play, alongside crates offering unique boosts which can be used to upgrade your heroes and weapons, increasing traits like their resilience, precision, and speed.
How to Earn:
FTWโs tournaments are where the moneyโs made, and these events are split into Qualifiers and Finals:
๐ฒ Download FTW: The game is available on the iOS App Store and Google Play in early access worldwide.
โ Sign Up: Once downloaded, create your account through your email or Google.
๐ Link Your Account: To qualify for rewards, join the Jungle Discord and complete your profile under the profile channel by linking your FTW account (a code will be provided in the app) and Solana wallet.
๐ Join Tournaments: Participate in weekly Qualifiers to earn points, and use tickets to join the weekend Finals for a shot at the prizes.
And that's all it takes to get started here!
With mobile games feeling ripe for crypto adoption by augmenting their casual gameplay with onchain rewards, Jungle looks to be flying under the radar as a studio to watch.
Move quickly, though! The last Qualifiers for this first โPlay-to-Mintโ tournament end on September 27th, though we can expect more down the line.
โ๏ธ by wmpeaster
2 months ago
On September 20, Reown, formerly WalletConnect, announced the launch of its Solana Appkit, a comprehensive developer tooling platform designed to simplify Solana ecosystem development.
The move promises to amplify Solana connectivity, leveraging a range of essential services that aim to expand the ecosystem. Best known for its expansive EVM network, Reown facilitates over 15M monthly wallet connections across 100+ blockchains.
Solanaโs inclusion in Reownโs substantial list of supported chains comes following the networkโs meteoric growth throughout 2024. Reown CEO Jess Houlgrave contends that the Solana Appkitโs launch could spearhead a new wave of applications on the network:
"The Solana ecosystem has stood out since its inception in 2020. Solana instantly drew interest from developers and teams throughout the industry, resulting in some of the biggest and most recognizable projects to date. The launch of the Solana AppKit will act as a catalyst for further growth, the AppKit simplifies building apps and ensures the best experience for end-users. We're excited to see what teams can do with these new tools". - Jess Houlgrave, Reown CEO.
What Can Developers Expect From Reownโs Appkit?
Reownโs Solana Appkit aims to streamline the development process, amplifying application connectivity across the ecosystem. The new tooling platform promises a range of essential features, including:
WalletConnect Network integration.
Simplified email and social login - Allowing users to connect to dApps using familiar, Web2 logins.
Fiat-to-Crypto onramp - Partnering with Coinbase, users can instantly buy over 100 crypto assets directly through Reown-powered apps.
Token swaps - In collaboration with 1Inch, Reown provides applications with in-app trades at the best available rates.
Web3 Messaging Notifications - Apps can now send onchain messages directly to userโs wallets.
Multi-Language support - Reownโs Solana Appkit supports developers building with React, Vue, JavaScript, and Next.js
Reown Attracts Key Launch Partners
Bringing the new Appkit to as many Solana developers, Reown has collaborated with some of the biggest names in the ecosystem. Integral DeFi apps like Jupiter, Solanaโs leading aggregator, and Marinade Finance, one of Solanaโs original staking providers, have lent their weight behind the launch, with additional support from Drift Protocol, a popular perpetual DEX, and Solayer, the networkโs leading restaking protocol.
Drift Protocol co-founder Cindy Leow believes that Reownโs Solana Appkit will facilitate a smoother onboarding process for traders. Championing the toolkit accessibility, Leow expressed excitement at the prospect of a widening ecosystem.
โAt Drift weโre continuously improving the experience for our users. As we expand, we want to see even more blockchain adoption. Integrating Reownโs Solana AppKit marks a milestone for accessibility and usability. Weโre looking forward to seeing more apps in the Solana ecosystem leverage the Solana AppKitโ - Cindy Leow, Drift Protocol co-founder.
Echoing Leowโs enthusiasm, Backpack CEO Armani Ferrante also demonstrated his support for the Reown Appkit.
โAs the entry point for the Solana ecosystem, Backpack wallet team worked closely with the Reown team to integrate the Reown WalletKit on the mobile app end. Weโre excited to partner with Reown and improve Solana users' experience. Now, users can easily access Backpack Wallet when they click the WalletConnect button on their favorite dApps.โ - Armani Ferrante, Backpack CEO
Alongside Solanaโs dramatic surge in user activity throughout 2024, the network has also enjoyed a significant increase in developer activity. According to the Solana 2023 Developer Report the network boasted over 2,500 monthly active developers.
The Reown Solana AppKit is expected to provide Solanaโs expansive developer community with an expansive suite of tools, enabling them to create a diverse and access
The move promises to amplify Solana connectivity, leveraging a range of essential services that aim to expand the ecosystem. Best known for its expansive EVM network, Reown facilitates over 15M monthly wallet connections across 100+ blockchains.
Solanaโs inclusion in Reownโs substantial list of supported chains comes following the networkโs meteoric growth throughout 2024. Reown CEO Jess Houlgrave contends that the Solana Appkitโs launch could spearhead a new wave of applications on the network:
"The Solana ecosystem has stood out since its inception in 2020. Solana instantly drew interest from developers and teams throughout the industry, resulting in some of the biggest and most recognizable projects to date. The launch of the Solana AppKit will act as a catalyst for further growth, the AppKit simplifies building apps and ensures the best experience for end-users. We're excited to see what teams can do with these new tools". - Jess Houlgrave, Reown CEO.
What Can Developers Expect From Reownโs Appkit?
Reownโs Solana Appkit aims to streamline the development process, amplifying application connectivity across the ecosystem. The new tooling platform promises a range of essential features, including:
WalletConnect Network integration.
Simplified email and social login - Allowing users to connect to dApps using familiar, Web2 logins.
Fiat-to-Crypto onramp - Partnering with Coinbase, users can instantly buy over 100 crypto assets directly through Reown-powered apps.
Token swaps - In collaboration with 1Inch, Reown provides applications with in-app trades at the best available rates.
Web3 Messaging Notifications - Apps can now send onchain messages directly to userโs wallets.
Multi-Language support - Reownโs Solana Appkit supports developers building with React, Vue, JavaScript, and Next.js
Reown Attracts Key Launch Partners
Bringing the new Appkit to as many Solana developers, Reown has collaborated with some of the biggest names in the ecosystem. Integral DeFi apps like Jupiter, Solanaโs leading aggregator, and Marinade Finance, one of Solanaโs original staking providers, have lent their weight behind the launch, with additional support from Drift Protocol, a popular perpetual DEX, and Solayer, the networkโs leading restaking protocol.
Drift Protocol co-founder Cindy Leow believes that Reownโs Solana Appkit will facilitate a smoother onboarding process for traders. Championing the toolkit accessibility, Leow expressed excitement at the prospect of a widening ecosystem.
โAt Drift weโre continuously improving the experience for our users. As we expand, we want to see even more blockchain adoption. Integrating Reownโs Solana AppKit marks a milestone for accessibility and usability. Weโre looking forward to seeing more apps in the Solana ecosystem leverage the Solana AppKitโ - Cindy Leow, Drift Protocol co-founder.
Echoing Leowโs enthusiasm, Backpack CEO Armani Ferrante also demonstrated his support for the Reown Appkit.
โAs the entry point for the Solana ecosystem, Backpack wallet team worked closely with the Reown team to integrate the Reown WalletKit on the mobile app end. Weโre excited to partner with Reown and improve Solana users' experience. Now, users can easily access Backpack Wallet when they click the WalletConnect button on their favorite dApps.โ - Armani Ferrante, Backpack CEO
Alongside Solanaโs dramatic surge in user activity throughout 2024, the network has also enjoyed a significant increase in developer activity. According to the Solana 2023 Developer Report the network boasted over 2,500 monthly active developers.
The Reown Solana AppKit is expected to provide Solanaโs expansive developer community with an expansive suite of tools, enabling them to create a diverse and access
2 months ago
Solanaโs iconic memecoin scene is restructuring. Frustrated by the rampant oversaturation of token launches and a litany of extractive practices, memecoin traders are reevaluating their approach..
Liquidity has evaporated from the memecoin economy, causing dramatic price fluctuations across the board. Abandoning smaller caps, the remaining traders have solidified positions in established coins.
The collapse of smaller memecoins has led market participants to explore alternative trading strategies and take advantage of emerging DeFi applications.
Memecoin Leverage Trading Apps Gain Popularity
Losing patience with the frequent scams, rugpulls, and pump-and-dumps popular on platformโs like pump.fun, Solana meme coin traders are eager for a new meta. The oversaturation of new launches has worn the patience of even the most committed degens, drawing attention back to established memecoins.
Despite their relatively short lifespan, Solanaโs veteran memecoins have birthed devout and resilient communities. While these established memecoins remain volatile, their relative stability compared to new launches has seen coins like $POPCAT , $GIGA , and $MUMU enjoy renewed interest and capital rotates away from new launches.
However, these popular coins have arguably already completed the bulk of their run. To maximize potential profits through these coins, traders are turning to applications like Lavarage to add additional weight to their positions.
Adding a layer of dynamism to the memecoin economy, Lavarage supports margin trading positions on over 400 Solana memecoins.
With Lavarage, traders can increase the size of their positions, amplifying their profit and loss. This approach breathes new life into established memecoins and gives traders a new tool in this compelling market.
Ironically, implementing leverage trading into memecion markets might actually make them safer. Traders could be compelled to speculate on established coins, rather than gamble on new pump.fun launches and hope that the coin theyโve chosen is one of the 1.38% that graduate to Raydium.
Lavarage Partners with Backpack - Boosting Rewards
After launching in mid-August, Lavarageโs Tephra Rewards campaign has kicked into gear following its collaboration with Backpack wallet.
Lavarage users who access the application and execute trades via the Backpack will benefit from a 10% points boost. Tephra points are expected to play a key role in determining airdrop allocations ahead of Lavarageโs anticipated TGE (Token Generation Event).
An Unexpected Airdrop?
In a bid to further reward users, Lavarage has partnered with the $NAMI memecoin to distribute $1 ,500 of $NAMI to traders. Over the course of the campaign, 5,325,000 $NAMI will be proportionally airdropped to users as follows:
$1000 worth of $NAMI to users who trade $NAMI with leverage
$500 worth of $NAMI to users who trade any other token with leverage
Currently, Leverage only allows traders to open long positions on its extensive list of tradable assets.
However, moderators in the Lavarage Discord server have indicated that โwe have a good idea of how shorting can be implementedโ, before conceding that the team โdo not have any immediate plan to roll that out
Liquidity has evaporated from the memecoin economy, causing dramatic price fluctuations across the board. Abandoning smaller caps, the remaining traders have solidified positions in established coins.
The collapse of smaller memecoins has led market participants to explore alternative trading strategies and take advantage of emerging DeFi applications.
Memecoin Leverage Trading Apps Gain Popularity
Losing patience with the frequent scams, rugpulls, and pump-and-dumps popular on platformโs like pump.fun, Solana meme coin traders are eager for a new meta. The oversaturation of new launches has worn the patience of even the most committed degens, drawing attention back to established memecoins.
Despite their relatively short lifespan, Solanaโs veteran memecoins have birthed devout and resilient communities. While these established memecoins remain volatile, their relative stability compared to new launches has seen coins like $POPCAT , $GIGA , and $MUMU enjoy renewed interest and capital rotates away from new launches.
However, these popular coins have arguably already completed the bulk of their run. To maximize potential profits through these coins, traders are turning to applications like Lavarage to add additional weight to their positions.
Adding a layer of dynamism to the memecoin economy, Lavarage supports margin trading positions on over 400 Solana memecoins.
With Lavarage, traders can increase the size of their positions, amplifying their profit and loss. This approach breathes new life into established memecoins and gives traders a new tool in this compelling market.
Ironically, implementing leverage trading into memecion markets might actually make them safer. Traders could be compelled to speculate on established coins, rather than gamble on new pump.fun launches and hope that the coin theyโve chosen is one of the 1.38% that graduate to Raydium.
Lavarage Partners with Backpack - Boosting Rewards
After launching in mid-August, Lavarageโs Tephra Rewards campaign has kicked into gear following its collaboration with Backpack wallet.
Lavarage users who access the application and execute trades via the Backpack will benefit from a 10% points boost. Tephra points are expected to play a key role in determining airdrop allocations ahead of Lavarageโs anticipated TGE (Token Generation Event).
An Unexpected Airdrop?
In a bid to further reward users, Lavarage has partnered with the $NAMI memecoin to distribute $1 ,500 of $NAMI to traders. Over the course of the campaign, 5,325,000 $NAMI will be proportionally airdropped to users as follows:
$1000 worth of $NAMI to users who trade $NAMI with leverage
$500 worth of $NAMI to users who trade any other token with leverage
Currently, Leverage only allows traders to open long positions on its extensive list of tradable assets.
However, moderators in the Lavarage Discord server have indicated that โwe have a good idea of how shorting can be implementedโ, before conceding that the team โdo not have any immediate plan to roll that out
2 months ago
๐๏ธ An intimate documentary about Vitalik Buterin and Ethereum begins streaming onchain.
โVitalik: An Ethereum Storyโ is a documentary that goes back in time to Buterinโs childhood and tells through new interviews and archival footage why and how he helped build and launch Ethereum.
The film will be available for streaming and onchain on ethereumfilm.xyz for 30 days and aims to be available on major streaming platforms in 2025.
In July 2021, the project achieved the largest crowdfund in documentary history with 1,036 ETH raised.
The film was released in theaters in 23 countries.
In the documentary, we see Vitalik opening up to intimate statements and declaring:
โMy biggest fear is a bull market. If a bull market happens, then all this speculation comes back. Thereโs value in being quiet, and thereโs value in not being loud until you have something worth being loud about.โ
โVitalik: An Ethereum Storyโ is a documentary that goes back in time to Buterinโs childhood and tells through new interviews and archival footage why and how he helped build and launch Ethereum.
The film will be available for streaming and onchain on ethereumfilm.xyz for 30 days and aims to be available on major streaming platforms in 2025.
In July 2021, the project achieved the largest crowdfund in documentary history with 1,036 ETH raised.
The film was released in theaters in 23 countries.
In the documentary, we see Vitalik opening up to intimate statements and declaring:
โMy biggest fear is a bull market. If a bull market happens, then all this speculation comes back. Thereโs value in being quiet, and thereโs value in not being loud until you have something worth being loud about.โ
3 months ago
๐ BTC reserves on centralized exchanges have fallen by 15% since the start of 2024.
Fewer and fewer bitcoins are available
Fewer and fewer bitcoins are available
3 months ago
Meta Will Use Public Data From Adults In The Uk For Artificial Intelligence Training
Meta will start using publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence models. The company will assess publicly available information, such as posts, comments, photos, and descriptions, from users on both platforms.
Meta emphasized that its AI is designed to reflect diverse global communities and plans to expand its AI initiatives to more countries and languages later this year. The company clarified that it does not use data from accounts of individuals under 18 in the UK.
In July, Meta halted AI assistant deployments in the EU following an order from the Irish Data Protection Commission (DPC) due to data privacy concerns. Meta claims it uses Facebook and Instagram user data with their consent and offers an option to opt out.
UK-based adults on Facebook and Instagram will receive in-app notifications detailing Meta's data usage practices and offering an option to object to the use of their data for AI training. Meta stated that it will accept all existing and new objection forms.
The DPC, responsible for enforcing the General Data Protection Regulation (GDPR), is intensifying its oversight. On September 12, it launched a cross-border investigation into Google Ireland Limited to determine if it complies with EU data protection laws in developing its AI models.
The investigation will focus on the use of EU citizens' personal data in training Googleโs advanced language model, Pathways Language Model 2 (PaLM2), introduced on May 10, 2023.
The DPC also investigated the social media platform X and concluded the investigation after X agreed to meet the necessary compliance standards. On September 4, X agreed to stop using personal data of EU and European Economic Area (EEA) users to train its AI chatbot, Grok.
Meta will start using publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence models. The company will assess publicly available information, such as posts, comments, photos, and descriptions, from users on both platforms.
Meta emphasized that its AI is designed to reflect diverse global communities and plans to expand its AI initiatives to more countries and languages later this year. The company clarified that it does not use data from accounts of individuals under 18 in the UK.
In July, Meta halted AI assistant deployments in the EU following an order from the Irish Data Protection Commission (DPC) due to data privacy concerns. Meta claims it uses Facebook and Instagram user data with their consent and offers an option to opt out.
UK-based adults on Facebook and Instagram will receive in-app notifications detailing Meta's data usage practices and offering an option to object to the use of their data for AI training. Meta stated that it will accept all existing and new objection forms.
The DPC, responsible for enforcing the General Data Protection Regulation (GDPR), is intensifying its oversight. On September 12, it launched a cross-border investigation into Google Ireland Limited to determine if it complies with EU data protection laws in developing its AI models.
The investigation will focus on the use of EU citizens' personal data in training Googleโs advanced language model, Pathways Language Model 2 (PaLM2), introduced on May 10, 2023.
The DPC also investigated the social media platform X and concluded the investigation after X agreed to meet the necessary compliance standards. On September 4, X agreed to stop using personal data of EU and European Economic Area (EEA) users to train its AI chatbot, Grok.
3 months ago
๐ก Globees officially launches the first vacation rental platform on the blockchain, with first accommodations available across the world and many more to come ๐ฅ
Thanks to blockchain technology, its staking program and its eco-responsible charter, this RWA project aims to revolutionize the way we book trips โ๏ธ
https://x.com/globees_proj...
Thanks to blockchain technology, its staking program and its eco-responsible charter, this RWA project aims to revolutionize the way we book trips โ๏ธ
https://x.com/globees_proj...
3 months ago
BullVerse Update
BullPad
There have been numerous inquiries regarding BullPad, and we would like to address them. After careful consideration, the team has decided that launching BullPad at this time would not be beneficial. The market sentiment remains highly bearish, trading volumes across financial markets are low, and overall uncertainty persists. Furthermore, Pump.funโs volume has decreased by 95% from its all-time high. All signs indicate that this is not the ideal time to release a launchpad. However, we remain fully committed to launching it when market conditions are more favorable.
BullPay
BullPay is currently in beta (available at bullpay.fun). As well-needed solution in the space, it is connected to a lot of upcoming features inisde the platform. BullPay will serve not only as a marketplace but also as a crypto payment gateway, like Stripe or PayPal for crypto transactions. We developed an API kit allowing our partners to get paid from their website or mobile app.
Activity Rewards & User Experience
We are still working on developing a sustainable, more gamified and automated solution for activity rewards. Once this is finalized, we will announce it, and automated payouts will resume.
The BullVerse Ecosystem
Itโs important to note that BullVerse is a long-term project. We are continually enhancing user, partner, and community engagement. As with any major project, development will unfold progressively rather than all at once.
Communication
The team is working tirelessly behind the scenes to improve the BullVerse ecosystem daily. Many individuals are involved, and significant resources have been invested in this project. Our commitment is unwavering, and we continue to expand our network by forming strategic partnerships, which are crucial for long-term growth. The vision is clear and we are enjoying the journey.
Teasers
Our primary focus has been on laying a strong foundation by creating a stable platform that incorporates both incentives and crypto utilities. Our main goal is to deliver a clear and practical use case that attracts the visibility BullVerse deserves. As a utility project, we view this as a key driver of our success: BullVerse should not just be about content, but also a hub where crypto enthusiasts can speculate, win, lose, be rewarded, and find their community. Something exciting is coming very soon..
Bullish times are ahead,
The BullVerse Team
BullPad
There have been numerous inquiries regarding BullPad, and we would like to address them. After careful consideration, the team has decided that launching BullPad at this time would not be beneficial. The market sentiment remains highly bearish, trading volumes across financial markets are low, and overall uncertainty persists. Furthermore, Pump.funโs volume has decreased by 95% from its all-time high. All signs indicate that this is not the ideal time to release a launchpad. However, we remain fully committed to launching it when market conditions are more favorable.
BullPay
BullPay is currently in beta (available at bullpay.fun). As well-needed solution in the space, it is connected to a lot of upcoming features inisde the platform. BullPay will serve not only as a marketplace but also as a crypto payment gateway, like Stripe or PayPal for crypto transactions. We developed an API kit allowing our partners to get paid from their website or mobile app.
Activity Rewards & User Experience
We are still working on developing a sustainable, more gamified and automated solution for activity rewards. Once this is finalized, we will announce it, and automated payouts will resume.
The BullVerse Ecosystem
Itโs important to note that BullVerse is a long-term project. We are continually enhancing user, partner, and community engagement. As with any major project, development will unfold progressively rather than all at once.
Communication
The team is working tirelessly behind the scenes to improve the BullVerse ecosystem daily. Many individuals are involved, and significant resources have been invested in this project. Our commitment is unwavering, and we continue to expand our network by forming strategic partnerships, which are crucial for long-term growth. The vision is clear and we are enjoying the journey.
Teasers
Our primary focus has been on laying a strong foundation by creating a stable platform that incorporates both incentives and crypto utilities. Our main goal is to deliver a clear and practical use case that attracts the visibility BullVerse deserves. As a utility project, we view this as a key driver of our success: BullVerse should not just be about content, but also a hub where crypto enthusiasts can speculate, win, lose, be rewarded, and find their community. Something exciting is coming very soon..
Bullish times are ahead,
The BullVerse Team
3 months ago
Mercuryo, a Web3 payments provider, has announced the rollout of Spend, a virtual debit card promising to streamline crypto payments.
Complete with Apple Pay and Google Pay compatibility, Spend facilitates payments directly from Solana wallets to over 90M Mastercard merchants across the globe.
WHAT IS SPEND??
Mercuryoโs Spend allows wallet apps to integrate virtual Mastercard debit cards directly into their applications. Through the Spend Card, Mercury promises to enable the crypto community to use their crypto assets to โspend on anything. Anytime. Anywhere.โ
Spend aims to provide a fast and cost-effective method for crypto users to convert and spend their digital assets from their wallets. Beyond the simplicity of Mastercard, Apple Pay, and Google Pay integration, Spend also offers card customization, meaning wallet providers can incorporate their logos into virtual cards.
Spend is fully self-custodial, meaning users have full control over any assets deposited into the card account. Additionally, the platform offers multi-chain support, including Solana, Ethereum, and PolkaDot.
As part of the announcement, Mercuryo teased that several leading Web3 wallets will be adding Spend in the near future. SolanaFloor engaged Mercuryo for comment on the matter but is yet to receive a response.
Why Web3 Needs Better Off-Ramps
Since the birth of the industry, crypto companies have focused tirelessly on streamlining the flow of funds into decentralized economies. According to Mercuryo, โon-ramping is now a user-friendly process, and users can purchase crypto with ease.โ
While onboarding has become easier with exchanges and third-party apps readily available, bringing funds back into the real world still poses significant barriers. Mercuryo argues that the biggest struggles facing crypto off-ramping are:
1. Poor UX of existing solutions - Users need to jump through a variety of hoops to withdraw funds. Many platforms are only available in certain regions and popular offboarding platforms offer limited support outside of mainstream cryptos.
2. Bank restrictions - Traditional banks often block payments from crypto-related companies and freeze accounts suspected of interacting with cryptocurrency.
3. Extortionate fees - Third-party apps and intermediaries can charge high fees on crypto-to-fiat withdrawals, discouraging users from transferring funds.
Slow processing times - After becoming accustomed to rapid, permissionless transfers onchain, crypto-to-fiat withdrawals can feel slow and cumbersome.
While the industry loves to discuss and promote progress and efforts toward crypto onboarding, finding seamless methods of getting funds off-chain is equally important.
Mercuryoโs commitment to simplified crypto off-ramps helps to legitimize digital currencies as meaningful financial tools. Through the Spend card, millions of crypto users may be able to enjoy improved access to their funds in real-world contexts, solidifying the role of cryptocurrency in the Web2 world
Complete with Apple Pay and Google Pay compatibility, Spend facilitates payments directly from Solana wallets to over 90M Mastercard merchants across the globe.
WHAT IS SPEND??
Mercuryoโs Spend allows wallet apps to integrate virtual Mastercard debit cards directly into their applications. Through the Spend Card, Mercury promises to enable the crypto community to use their crypto assets to โspend on anything. Anytime. Anywhere.โ
Spend aims to provide a fast and cost-effective method for crypto users to convert and spend their digital assets from their wallets. Beyond the simplicity of Mastercard, Apple Pay, and Google Pay integration, Spend also offers card customization, meaning wallet providers can incorporate their logos into virtual cards.
Spend is fully self-custodial, meaning users have full control over any assets deposited into the card account. Additionally, the platform offers multi-chain support, including Solana, Ethereum, and PolkaDot.
As part of the announcement, Mercuryo teased that several leading Web3 wallets will be adding Spend in the near future. SolanaFloor engaged Mercuryo for comment on the matter but is yet to receive a response.
Why Web3 Needs Better Off-Ramps
Since the birth of the industry, crypto companies have focused tirelessly on streamlining the flow of funds into decentralized economies. According to Mercuryo, โon-ramping is now a user-friendly process, and users can purchase crypto with ease.โ
While onboarding has become easier with exchanges and third-party apps readily available, bringing funds back into the real world still poses significant barriers. Mercuryo argues that the biggest struggles facing crypto off-ramping are:
1. Poor UX of existing solutions - Users need to jump through a variety of hoops to withdraw funds. Many platforms are only available in certain regions and popular offboarding platforms offer limited support outside of mainstream cryptos.
2. Bank restrictions - Traditional banks often block payments from crypto-related companies and freeze accounts suspected of interacting with cryptocurrency.
3. Extortionate fees - Third-party apps and intermediaries can charge high fees on crypto-to-fiat withdrawals, discouraging users from transferring funds.
Slow processing times - After becoming accustomed to rapid, permissionless transfers onchain, crypto-to-fiat withdrawals can feel slow and cumbersome.
While the industry loves to discuss and promote progress and efforts toward crypto onboarding, finding seamless methods of getting funds off-chain is equally important.
Mercuryoโs commitment to simplified crypto off-ramps helps to legitimize digital currencies as meaningful financial tools. Through the Spend card, millions of crypto users may be able to enjoy improved access to their funds in real-world contexts, solidifying the role of cryptocurrency in the Web2 world
3 months ago
available for pre-order.
Price: $599 .
Players can pay for their pre-order in Sui, Ethereum or Solana.
The first 1,000 people to pre-order the device will receive an NFT โthat will provide special rewards and benefits.โ
https://decrypt.co/247520/...
Price: $599 .
Players can pay for their pre-order in Sui, Ethereum or Solana.
The first 1,000 people to pre-order the device will receive an NFT โthat will provide special rewards and benefits.โ
https://decrypt.co/247520/...
SuiPlay0x1 Crypto Gaming Handheld Price, Specs Revealed for 2025 Release - Decrypt
Crypto gaming console SuiPlay0x1 is officially available for pre-order after its creators release details on its specs and pricing.
https://decrypt.co/247520/suiplay0x1-crypto-gaming-handheld-price-specs-revealed-for-2025-release
3 months ago
๐ฅ Temiโs exclusive NFT collection just droppedโonly 50 available! ๐ฅ
As a holder, youโll be the first to receive a bundle packed with Temi merch, signed CDs, and more. This is your chance to mint something truly special before the world catches on.
> launchmynft.io/sol/7783
Donโt miss outโgrab yours while you still can! ๐ #TemiNFT
As a holder, youโll be the first to receive a bundle packed with Temi merch, signed CDs, and more. This is your chance to mint something truly special before the world catches on.
> launchmynft.io/sol/7783
Donโt miss outโgrab yours while you still can! ๐ #TemiNFT
3 months ago
BIG SUPPLY, BIG PROBLEMS AS SOLANAโS NFT MARKET REJECTS LARGE COLLECTIONS
Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.
Newย NFTย collections have learned a painful lesson this week. If it wasnโt obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.
Despite commentators claiming these hyped collections will usher in a โnew eraโ and whitelist spots selling at over $50 apiece on open markets, launches fromย Pathfindersย andย Hermansย have failed to meet expectations.
Will Solanaโs NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?
ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED
Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.
Pathfinderโs novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solanaโs first un-ruggable NFTs.
Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the projectโs native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFTโs value at a minimum of 2pathSOL.
Regardless, Solanaโs NFT community has largely ignored the projectโs novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT communityโs apparent apathy.ย
Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.
โHypedโ New Mint Immediately Under Floor - Are Presales to Blame?
Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.
Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermansโย treasuryย now holds over 1,600 NFTs, roughly 33% of the supply.
Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.
While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.
Low Supply NFT Collections Retain Value
In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends.ย
Top Solana collections likeย Mad Lads,ย Tensorians (pictured), andย Claynosaursย have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.
Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.
Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co
Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.
Newย NFTย collections have learned a painful lesson this week. If it wasnโt obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.
Despite commentators claiming these hyped collections will usher in a โnew eraโ and whitelist spots selling at over $50 apiece on open markets, launches fromย Pathfindersย andย Hermansย have failed to meet expectations.
Will Solanaโs NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?
ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED
Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.
Pathfinderโs novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solanaโs first un-ruggable NFTs.
Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the projectโs native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFTโs value at a minimum of 2pathSOL.
Regardless, Solanaโs NFT community has largely ignored the projectโs novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT communityโs apparent apathy.ย
Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.
โHypedโ New Mint Immediately Under Floor - Are Presales to Blame?
Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.
Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermansโย treasuryย now holds over 1,600 NFTs, roughly 33% of the supply.
Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.
While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.
Low Supply NFT Collections Retain Value
In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends.ย
Top Solana collections likeย Mad Lads,ย Tensorians (pictured), andย Claynosaursย have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.
Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.
Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co
3 months ago
๐ถ Binance will list on its platform a new MiCA-compliant euro stablecoin: Eurite (EURI).
EUR/EURI and EURI/USDT pairs will initially be available free of charge ๐
EUR/EURI and EURI/USDT pairs will initially be available free of charge ๐
3 months ago
Jupiter Exchange introduces Jupiter Lock, a free, open-source, and audited tool enabling projects to launch their token, now available in Beta.
3 months ago
๐บ 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...
4 months ago
Our community is diverse and so are our chains! Purchase $LANDLORD from 15 chains!
Excited to announce that #LANDLORD has reached a new accessibility milestone!
You can now purchase $LANDLORD using $USDC from over 15 different chains, including Ethereum and Tron, on FinanceChainge .
How?
1) Cross-swap USDC (any chain) to SOL (Solana) or bridge USDC from any chain to Solana.
2) Swap USDC or SOL to $LANDLORD
This update significantly improves the availability and ease of acquiring $LANDLORD , leveraging liquidity from multiple chains!
Excited to announce that #LANDLORD has reached a new accessibility milestone!
You can now purchase $LANDLORD using $USDC from over 15 different chains, including Ethereum and Tron, on FinanceChainge .
How?
1) Cross-swap USDC (any chain) to SOL (Solana) or bridge USDC from any chain to Solana.
2) Swap USDC or SOL to $LANDLORD
This update significantly improves the availability and ease of acquiring $LANDLORD , leveraging liquidity from multiple chains!
4 months ago
Seven hours ago a suspicious transfer was made from a potential victim for 4064 BTC ($238M)
Transaction hash
4b277ba298830ea538086114803b9487558bb093b5083e383e94db687fbe9090
Funds were quickly transferred to ThorChain, eXch, Kucoin, ChangeNow, Railgun, Avalanche Bridge.
Transaction hash
4b277ba298830ea538086114803b9487558bb093b5083e383e94db687fbe9090
Funds were quickly transferred to ThorChain, eXch, Kucoin, ChangeNow, Railgun, Avalanche Bridge.
4 months ago
After weeks of eager anticipation, Lavarage has finally launched its generous rewards program. Offering DeFi traders a more efficient way of navigating onchain markets, Lavarage adds a new dimension to permissionless margin trading by leveraging spot assets, rather than the synthetic perpetual assets used across the Solana ecosystem.
With the launch of Tephra, the protocolโs dynamic points program, Lavarage brings renewed enthusiasm to Solanaโs margin markets and re-stokes the flames ahead of a future airdrop.
THE TEPHRA POINTS SYSTEM - MISSION 1 NOW LIVE
Rewarding dedicated traders and community members alike, the Tephra points system aims to provide fair opportunities for all โLavanautsโ. By using the Lavarage trading platform and engaging in community-building activities, Lavanauts earn Tephras, which will be directly correlated to an eventual airdrop.
Users earn Tephras every time they execute an action in the Lavarage platform. Whether youโre opening positions, paying interest on borrowed assets, or staking SOL for lstSOL (Lavarageโs native liquidi staking token), users are actively earning Tephras. The team has also hinted that users can boost Tephra generation by holding Lava Rock Alpha NFTs.
Profitable traders stand to generate even more rewards. Encouraging skilled traders to use the platform, points are also being distributed based on the profitability of individual trades. Making point generation accessible to those with smaller wallets, Tephras can also be earned through community-building activities.
Adding an additional layer of intrigue to the Tephra program, Lavarage proposes diversified missions. With each mission lasting two weeks, the Lavarage team will adapt rewards based on the protocolโs strategic goals. While this keeps the rewards program dynamic, it also works as a countermeasure against bots and airdrop farmers seeking to game the system.
Mission 1 is currently live. Lavarage users can easily track their Tephra points tally through the app. Lavarageโs earliest users and supporters can now verify rewards accumulated during the โOG Missionโ.
WHAT IS LAVARAGE?
Designed to improve capital efficiency in DeFi trading and boasting a streamlined user experience, Lavarage offers a creative approach to margin trading on Solana. Unlike the networkโs vast range of perpetual DEXes, Lavarage contracts use spot assets.
This means that the platform offers more accurate pricing and liquidity than perpetual markets and allows traders to buy and sell the underlying assets.
Lavarage usage has erupted in recent weeks. Since the end of June, the platform has facilitated over 5,000 spot-margin positions at an average leverage of 3x. Boasting over 500 assets, Lavarage has attracted over 1,000 unique users with a retention rate of over 60%.
Beyond trading, Lavarage also manages to provide generous yield to its liquidity providers. According to the platform, SOL stakers have earned over 40% APY through Lavarage since the protocolโs inception.
WHAT'S NEXT?
With the Tephra points program officially underway, the Lavarage team has hinted that the upcoming TGE โmight not be too far offโ.
Regardless, Tephra is expected to boost the platformโs growing user base and volume, helping Lavarage grow towards becoming a key player in Solanaโs flourishing DeFi Landscape.
With the launch of Tephra, the protocolโs dynamic points program, Lavarage brings renewed enthusiasm to Solanaโs margin markets and re-stokes the flames ahead of a future airdrop.
THE TEPHRA POINTS SYSTEM - MISSION 1 NOW LIVE
Rewarding dedicated traders and community members alike, the Tephra points system aims to provide fair opportunities for all โLavanautsโ. By using the Lavarage trading platform and engaging in community-building activities, Lavanauts earn Tephras, which will be directly correlated to an eventual airdrop.
Users earn Tephras every time they execute an action in the Lavarage platform. Whether youโre opening positions, paying interest on borrowed assets, or staking SOL for lstSOL (Lavarageโs native liquidi staking token), users are actively earning Tephras. The team has also hinted that users can boost Tephra generation by holding Lava Rock Alpha NFTs.
Profitable traders stand to generate even more rewards. Encouraging skilled traders to use the platform, points are also being distributed based on the profitability of individual trades. Making point generation accessible to those with smaller wallets, Tephras can also be earned through community-building activities.
Adding an additional layer of intrigue to the Tephra program, Lavarage proposes diversified missions. With each mission lasting two weeks, the Lavarage team will adapt rewards based on the protocolโs strategic goals. While this keeps the rewards program dynamic, it also works as a countermeasure against bots and airdrop farmers seeking to game the system.
Mission 1 is currently live. Lavarage users can easily track their Tephra points tally through the app. Lavarageโs earliest users and supporters can now verify rewards accumulated during the โOG Missionโ.
WHAT IS LAVARAGE?
Designed to improve capital efficiency in DeFi trading and boasting a streamlined user experience, Lavarage offers a creative approach to margin trading on Solana. Unlike the networkโs vast range of perpetual DEXes, Lavarage contracts use spot assets.
This means that the platform offers more accurate pricing and liquidity than perpetual markets and allows traders to buy and sell the underlying assets.
Lavarage usage has erupted in recent weeks. Since the end of June, the platform has facilitated over 5,000 spot-margin positions at an average leverage of 3x. Boasting over 500 assets, Lavarage has attracted over 1,000 unique users with a retention rate of over 60%.
Beyond trading, Lavarage also manages to provide generous yield to its liquidity providers. According to the platform, SOL stakers have earned over 40% APY through Lavarage since the protocolโs inception.
WHAT'S NEXT?
With the Tephra points program officially underway, the Lavarage team has hinted that the upcoming TGE โmight not be too far offโ.
Regardless, Tephra is expected to boost the platformโs growing user base and volume, helping Lavarage grow towards becoming a key player in Solanaโs flourishing DeFi Landscape.
Sponsored by
Kitten Haimer
15 days ago