21 hours ago
πΈπ» El Salvador's President Nayib Bukele wants to present a deficit-free 2025 budget to the Legislative Assembly.
This means that no local or foreign debt will be issued, a first in decades π₯
This means that no local or foreign debt will be issued, a first in decades π₯
12 days ago
Daily Memecoin Recap - September 5
Memecoins on cardano has to be the biggest meme
Runners Of The Day
$dcc -> $240k to $1 .3m (5.4x), Drunk Chicken Centipede, check bullx/photon to see the right market cap
$dm -> hit $812k , Darcell Migel, original twitter followed by Cobratate & TateTheTalisman
$evil -> hit $458k , "Evil Kermit"
$main -> hit $332k , "Main Character"
Pump Fun-like Platform On Cardano -> snekdotfun
- So many coin-launchpads have been releasing
- Imo pumpdotfun will forever remain the king long-term
Old Coins Reviving
$rocky -> $2m to $5 .5m (2.75x), team started pushing again
$mbc -> $188k to $1m (5.3x), "Mutant Boys Club", launched in July
Animal Memes
$chi -> hit $283k , cat meditating
$sp500 -> hit $213k , Sonic Parrot 500
$selfmade -> hit $200k , dog meme, X community
More Cooks
$bud -> $722k to $2 .46m (3.4x)
$think -> $215k to $800k (3.7x), "Think About It...", X community
$pe -> hit $287k , Half of $pepe
Did you cook? π
Memecoins on cardano has to be the biggest meme
Runners Of The Day
$dcc -> $240k to $1 .3m (5.4x), Drunk Chicken Centipede, check bullx/photon to see the right market cap
$dm -> hit $812k , Darcell Migel, original twitter followed by Cobratate & TateTheTalisman
$evil -> hit $458k , "Evil Kermit"
$main -> hit $332k , "Main Character"
Pump Fun-like Platform On Cardano -> snekdotfun
- So many coin-launchpads have been releasing
- Imo pumpdotfun will forever remain the king long-term
Old Coins Reviving
$rocky -> $2m to $5 .5m (2.75x), team started pushing again
$mbc -> $188k to $1m (5.3x), "Mutant Boys Club", launched in July
Animal Memes
$chi -> hit $283k , cat meditating
$sp500 -> hit $213k , Sonic Parrot 500
$selfmade -> hit $200k , dog meme, X community
More Cooks
$bud -> $722k to $2 .46m (3.4x)
$think -> $215k to $800k (3.7x), "Think About It...", X community
$pe -> hit $287k , Half of $pepe
Did you cook? π
15 days ago
Daily Memecoin Recap - September 2
The past week has been absolutely dead, but volume picked back up today
GameFi Coins
$explore -> ExploringOnSOL
, functioning game coming out, team is good, hope this starts a new meta
Ethereum Pump Fun
$vista -> hit $30m , ethervista
- Users are responsible for creating their own coin contracts, EtherVista only offers a "Launch" feature
- By supplying coins and ETH, users receive LP tokens for EtherVista's DEX, with the option to burn these tokens
- The DEX has a fixed-fee structure, distributing fees to LP providers, coin creators, and $VISTA developers
- This is more of a unique UniswapV2-style DEX rather than a typical pump-and-dump scheme
Fascist.eth Coins
$xd -> hit $9m , someone threatened that they would leak psyoptrick's past & nudes, instead she did it herself
$obama -> hit $552k , "Bitcoin Obama", pushed by
psyoptrick
Runners Of The Day
$yukie -> $150k to $630k , dog meme, launched in August heavily pushed today, ATH $1 .65m
$tommy -> hit $3 .2m, another cute dog, coordinated push
$gib -> hit $2 .5m, "A marketplace for work"
$ultra -> hit $800k , "UltramanGodzillaNebulaM78", good content
$look -> hit $800k , "Look bro...", viral meme on CT these past few days
$pin -> hit $730k , Post-It Note, memes on a post-it note
Wei Wu Trolls Ansem
$wisdom -> hit $580k , based on WuWei113
, who beefed with blknoiz06 recently
Dexscreener introduces new boosts & gold tickers
$abcde -> hit $850k , slow grind up since launch, based team
Fwog Is King
$fwog -> $45m to $91 .6m (2.03x from the low), one of the strongest memes despite the market downturn
$fwag -> hit $1 .3m, gay $fwog , " You missed $FWOG ? You must be a $FWAG "
Smoking Chicken Fish Betas
$dcc -> hit $2 .5m, "Drunk Chicken Centipede", $scf vibes
$btc -> hit $785k , "Big Titty Chicken"
Other Cooks
$bud -> hit $1m
$bullet -> hit $450k , functioning game
$gugu -> hit $396k , CTO
$frfr -> hit $340k , "Fref & frof"
$katana -> hit $309k , "First Blind Dog On Solana"
$fwc -> hit $258k , "Farting Whoopie Cushion"
Differentiate having a long-term outlook on your spot bags vs a short-term outlook when trading memes
The past week has been absolutely dead, but volume picked back up today
GameFi Coins
$explore -> ExploringOnSOL
, functioning game coming out, team is good, hope this starts a new meta
Ethereum Pump Fun
$vista -> hit $30m , ethervista
- Users are responsible for creating their own coin contracts, EtherVista only offers a "Launch" feature
- By supplying coins and ETH, users receive LP tokens for EtherVista's DEX, with the option to burn these tokens
- The DEX has a fixed-fee structure, distributing fees to LP providers, coin creators, and $VISTA developers
- This is more of a unique UniswapV2-style DEX rather than a typical pump-and-dump scheme
Fascist.eth Coins
$xd -> hit $9m , someone threatened that they would leak psyoptrick's past & nudes, instead she did it herself
$obama -> hit $552k , "Bitcoin Obama", pushed by
psyoptrick
Runners Of The Day
$yukie -> $150k to $630k , dog meme, launched in August heavily pushed today, ATH $1 .65m
$tommy -> hit $3 .2m, another cute dog, coordinated push
$gib -> hit $2 .5m, "A marketplace for work"
$ultra -> hit $800k , "UltramanGodzillaNebulaM78", good content
$look -> hit $800k , "Look bro...", viral meme on CT these past few days
$pin -> hit $730k , Post-It Note, memes on a post-it note
Wei Wu Trolls Ansem
$wisdom -> hit $580k , based on WuWei113
, who beefed with blknoiz06 recently
Dexscreener introduces new boosts & gold tickers
$abcde -> hit $850k , slow grind up since launch, based team
Fwog Is King
$fwog -> $45m to $91 .6m (2.03x from the low), one of the strongest memes despite the market downturn
$fwag -> hit $1 .3m, gay $fwog , " You missed $FWOG ? You must be a $FWAG "
Smoking Chicken Fish Betas
$dcc -> hit $2 .5m, "Drunk Chicken Centipede", $scf vibes
$btc -> hit $785k , "Big Titty Chicken"
Other Cooks
$bud -> hit $1m
$bullet -> hit $450k , functioning game
$gugu -> hit $396k , CTO
$frfr -> hit $340k , "Fref & frof"
$katana -> hit $309k , "First Blind Dog On Solana"
$fwc -> hit $258k , "Farting Whoopie Cushion"
Differentiate having a long-term outlook on your spot bags vs a short-term outlook when trading memes
15 days ago
Marinade Finance, one of Solanaβs original staking providers, has found itself in hot water with validator operators.
Validators argue that Marinadeβs new Stake Auction Marketplace (SAM) harms the staking landscape, allowing malicious actors to thrive at the expense of honest validators.
Beyond losing stake in the network, chagrined validators suggest that, left unchecked, the SAM model is a threat to decentralization and Solanaβs scalability moving forward.
Marinade has dismissed these accusations. Countering claims of apathetic negligence, Marinade argues those who criticize the new system do so out of spite.
Is this a case of willful blindness, or are validators looking for a scapegoat to blame for their own shortcomings?
WHY ARE VALIDATORS UPSET?
Once heralded as a powerful new model that would push staking APY to new heights, the SAM has drawn scorn and skepticism from certain validators. Marinadeβs SAM enables validators to bid on network stake, with winners securing stake and passing on elevated rewards to delegators.
To win auctions, validators competitively bid on network stake. However, surging demand for stake has driven validators to bid at potentially unsustainable levels. In previous epochs, winning validators needed to yield over 10% APY to win auctions, a rate considered impossible to achieve through native staking alone.
This has led certain operators to speculate on how these validators can afford such high bids. Suggesting that such yield can only be achieved through malicious activities, like sandwich attacks, private mempools, and off-chain deals, some validators argue that Marinade is turning a blind eye to dishonest validators.
Distressed validators have created analytics dashboards to express their frustrations and support their claims. Hanabiβs βMarinade Stake Sellingβ dashboard highlights that a number of validators flagged for malicious activity have won stake through the SAM.
Responding to accusations levied by third-party dashboard creators, Marinade CEO Michael Repetny argues βHanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.β
Adding further context to the claims of disgruntled operators, Repetny affirms βHanabi lost 1M SOL from Marinade so itβs understandable he fights the new system.β
Concerned validators have taken to Marinadeβs Discord server to air their grievances. Operators have claimed that, through the SAM, over 2.7M SOL has been staked to questionable validators, including sybils and sandwiches. Disgruntled operators even suggested βMarinade wants you to have side deals, ethical or not.β
Additionally, validators have argued that if βmost of the mSOL pool is delegated to unethical validators itβs a really bad look for the Solana ecosystem.β
In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that βhad never been done beforeβ.
However, Kaplan admits that Marinade βwent full capitalistβ¦ basically, the highest bidder wins. Marinade doesnβt really care if a validator bids for stake and is just gonna lose money on that stake, thatβs not their problemβ¦ Theyβre happy to take the money and give that to mSOL holders.β
Experts argue that in current conditions, staking yield over 10% simply isnβt sustainable. Kaplan contends β10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.β
Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validatorβs own βmarketing/growth budgetβ or other sources like βSWQoS / private mempool dealsβ.
Responding to any accusations, Repetny reinforces Marinade's stance that βSAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.β
Validators argue that Marinadeβs new Stake Auction Marketplace (SAM) harms the staking landscape, allowing malicious actors to thrive at the expense of honest validators.
Beyond losing stake in the network, chagrined validators suggest that, left unchecked, the SAM model is a threat to decentralization and Solanaβs scalability moving forward.
Marinade has dismissed these accusations. Countering claims of apathetic negligence, Marinade argues those who criticize the new system do so out of spite.
Is this a case of willful blindness, or are validators looking for a scapegoat to blame for their own shortcomings?
WHY ARE VALIDATORS UPSET?
Once heralded as a powerful new model that would push staking APY to new heights, the SAM has drawn scorn and skepticism from certain validators. Marinadeβs SAM enables validators to bid on network stake, with winners securing stake and passing on elevated rewards to delegators.
To win auctions, validators competitively bid on network stake. However, surging demand for stake has driven validators to bid at potentially unsustainable levels. In previous epochs, winning validators needed to yield over 10% APY to win auctions, a rate considered impossible to achieve through native staking alone.
This has led certain operators to speculate on how these validators can afford such high bids. Suggesting that such yield can only be achieved through malicious activities, like sandwich attacks, private mempools, and off-chain deals, some validators argue that Marinade is turning a blind eye to dishonest validators.
Distressed validators have created analytics dashboards to express their frustrations and support their claims. Hanabiβs βMarinade Stake Sellingβ dashboard highlights that a number of validators flagged for malicious activity have won stake through the SAM.
Responding to accusations levied by third-party dashboard creators, Marinade CEO Michael Repetny argues βHanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.β
Adding further context to the claims of disgruntled operators, Repetny affirms βHanabi lost 1M SOL from Marinade so itβs understandable he fights the new system.β
Concerned validators have taken to Marinadeβs Discord server to air their grievances. Operators have claimed that, through the SAM, over 2.7M SOL has been staked to questionable validators, including sybils and sandwiches. Disgruntled operators even suggested βMarinade wants you to have side deals, ethical or not.β
Additionally, validators have argued that if βmost of the mSOL pool is delegated to unethical validators itβs a really bad look for the Solana ecosystem.β
In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that βhad never been done beforeβ.
However, Kaplan admits that Marinade βwent full capitalistβ¦ basically, the highest bidder wins. Marinade doesnβt really care if a validator bids for stake and is just gonna lose money on that stake, thatβs not their problemβ¦ Theyβre happy to take the money and give that to mSOL holders.β
Experts argue that in current conditions, staking yield over 10% simply isnβt sustainable. Kaplan contends β10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.β
Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validatorβs own βmarketing/growth budgetβ or other sources like βSWQoS / private mempool dealsβ.
Responding to any accusations, Repetny reinforces Marinade's stance that βSAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.β
25 days ago
Daily Memecoin Recap - August 23
Crypto is pumping
$btc closes +6% today
$eth & $sol follow at +5% and +7% respectively
Runners Of The Day
$ptc -> $880k to $2 .7m (3.06x), 70% of supply burnt, paper drawings of $btc
$ufo -> hit $2 .4m, decent team, heavily sniped on launch
$sym -> hit $1 .65m, "the most symmetrical dog on Solana",
$nibo -> hit $1 .2m, large buys on launch, decent team, dog meme
$susdog -> hit $950k , based on a viral suspicious dog meme
Smoking Chicken Fish Gains Volume
$scf -> $19m to $83m (4.4x from the low), reversal, banger video drop, team is heavily dedicated
$sed -> $500k to $1 .95m (3.9x), beta to $scf , has been slow cooking since its launch on August 20th, heavy push today following $sc
Fwog Making Higher Highs
$fwog -> $10m to $28m (2.8x),
- Community continues to get stronger
- Some of the best art in the space
- Great background story (dev rugged -> artist/community relaunch)
Utility Play
$chat -> $5m to $18m (3.6x from the low), ATH $174m , shilled by MarioNawfal
Other Cooks
$ong -> $400k to $1 .94m (4.85x), "On God", gen z/tiktok meta, was dead but slowly reviving, ATH is $25m
$afc -> hit $440k , "Airforce Chicken"
$bb -> hit $435k , "Bubble Buddies", based on a spongebob character, twitter community instead of a twitter account
$belief -> hit $375k , influencer coin, dog meme
$mow -> hit $310k , "Monkey On Watermelon"
$kak -> hit $278k , "Kakling Kamala", based on KamalaHarris' laugh, launched on dexscreener's moonshot
$ascend -> hit $240k , cat meme, CTO
The market has been absolutely dead lately, but if majors continue to pump, volume will start to pick up
It's important to consider that September is historically one of the worst months for the market (S&P500)
This doesn't necessarily mean that history will repeat itself, but it is interesting data nonetheless
Lock in π
Crypto is pumping
$btc closes +6% today
$eth & $sol follow at +5% and +7% respectively
Runners Of The Day
$ptc -> $880k to $2 .7m (3.06x), 70% of supply burnt, paper drawings of $btc
$ufo -> hit $2 .4m, decent team, heavily sniped on launch
$sym -> hit $1 .65m, "the most symmetrical dog on Solana",
$nibo -> hit $1 .2m, large buys on launch, decent team, dog meme
$susdog -> hit $950k , based on a viral suspicious dog meme
Smoking Chicken Fish Gains Volume
$scf -> $19m to $83m (4.4x from the low), reversal, banger video drop, team is heavily dedicated
$sed -> $500k to $1 .95m (3.9x), beta to $scf , has been slow cooking since its launch on August 20th, heavy push today following $sc
Fwog Making Higher Highs
$fwog -> $10m to $28m (2.8x),
- Community continues to get stronger
- Some of the best art in the space
- Great background story (dev rugged -> artist/community relaunch)
Utility Play
$chat -> $5m to $18m (3.6x from the low), ATH $174m , shilled by MarioNawfal
Other Cooks
$ong -> $400k to $1 .94m (4.85x), "On God", gen z/tiktok meta, was dead but slowly reviving, ATH is $25m
$afc -> hit $440k , "Airforce Chicken"
$bb -> hit $435k , "Bubble Buddies", based on a spongebob character, twitter community instead of a twitter account
$belief -> hit $375k , influencer coin, dog meme
$mow -> hit $310k , "Monkey On Watermelon"
$kak -> hit $278k , "Kakling Kamala", based on KamalaHarris' laugh, launched on dexscreener's moonshot
$ascend -> hit $240k , cat meme, CTO
The market has been absolutely dead lately, but if majors continue to pump, volume will start to pick up
It's important to consider that September is historically one of the worst months for the market (S&P500)
This doesn't necessarily mean that history will repeat itself, but it is interesting data nonetheless
Lock in π
1 month ago
So nice to see our buddies at ADAonSOL (https://x.com/ADAonSOL) name a rescue dog after $POPDOG and then to see its face in real life! β€οΈπΆ
1 month ago
π¨ Highlight of the interview between Elon Musk and Trump:
π 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:
πΉ "This massive attack shows that there is a lot of opposition to people simply hearing what President Donald Trump has to say."
πΉ Elon Musk then found it fascinating that Thomas Crooks chose the most obvious location for an assassination attempt, although no one anticipated it.
πΉ βIf the goal is to assassinate, what would be your favorite place? This building. This building would be number one,β Elon Musk remarked. Donald Trump agreed: βThat would have been the most appropriate place.β
π 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.
πΉ βYour actions following this assassination attempt have been truly inspiring,β said Elon Musk.
π The conversation then turned to politics, with Donald Trump voicing scathing criticism of Vice President Kamala Harris for what he called blatant hypocrisy.
πΉ 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.
πΉ 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.
πΉ 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.
π Elon Musk then expressed grave concern about the future of the United States if current border policies continue.
πΉ "I'm not sure we'll have a country anymore if open borders continue for four years," he warned.
πΉ 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.
πΉ βInflation comes from government overspending because checks never bounce when they are written by the government,β Musk explained. He suggested the creation of a βgovernment efficiency commissionβ 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.
π 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.
πΉ 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.
πΉ To express his displeasure, Elon Musk shared a provocative meme addressed to Breton, asking him to βtake a big step back and literally fuck off.β This reaction underlined his firm opposition to any form of censorship, especially when it seems to target freedom of expression on public platforms.
π Elon Musk then highlighted the way Donald Trump had handled freedom of expression during his first term.
π 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:
πΉ "This massive attack shows that there is a lot of opposition to people simply hearing what President Donald Trump has to say."
πΉ Elon Musk then found it fascinating that Thomas Crooks chose the most obvious location for an assassination attempt, although no one anticipated it.
πΉ βIf the goal is to assassinate, what would be your favorite place? This building. This building would be number one,β Elon Musk remarked. Donald Trump agreed: βThat would have been the most appropriate place.β
π 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.
πΉ βYour actions following this assassination attempt have been truly inspiring,β said Elon Musk.
π The conversation then turned to politics, with Donald Trump voicing scathing criticism of Vice President Kamala Harris for what he called blatant hypocrisy.
πΉ 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.
πΉ 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.
πΉ 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.
π Elon Musk then expressed grave concern about the future of the United States if current border policies continue.
πΉ "I'm not sure we'll have a country anymore if open borders continue for four years," he warned.
πΉ 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.
πΉ βInflation comes from government overspending because checks never bounce when they are written by the government,β Musk explained. He suggested the creation of a βgovernment efficiency commissionβ 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.
π 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.
πΉ 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.
πΉ To express his displeasure, Elon Musk shared a provocative meme addressed to Breton, asking him to βtake a big step back and literally fuck off.β This reaction underlined his firm opposition to any form of censorship, especially when it seems to target freedom of expression on public platforms.
π Elon Musk then highlighted the way Donald Trump had handled freedom of expression during his first term.
1 month ago
PREMIERE:
Is the crypto bull market over, or just heating up?
Plus, prediction markets enter SenWarren's crosshairs, GaryGensler
's enforcement budget faces cuts, & the Trumps get into DeFi?
All that & more in the β¨ Weekly Rollup β¨
http://bankless.cc/DeFiant
Is the crypto bull market over, or just heating up?
Plus, prediction markets enter SenWarren's crosshairs, GaryGensler
's enforcement budget faces cuts, & the Trumps get into DeFi?
All that & more in the β¨ Weekly Rollup β¨
http://bankless.cc/DeFiant
ROLLUP: Crazy Markets | Prediction Markets Bad? | Zora Release | More Gensler Ls | Trumpβs DeFi Sons | Bankless
Everything that happened in crypto this past week
http://bankless.cc/DeFiant
1 month ago
After years of development behind the scenes, the Paladin team is finally showing its hand. Proposing a more egalitarian approach to MEV rewards, Paladin aims to discourage MEV frontrunners and provide an alternative that is more profitable for everyone.
With MEV bots reportedly extracting millions from Solana DEX markets every month, Paladin might just be the knight in shining armor that Solana DeFi needs.
Fully decentralized, open-source, and permissionless, Paladinβs mission is to eliminate predatory MEV on Solana. But how does it work?
THE PALADIN BOT
Designed to run within the Jito client, the Paladin bot is a fast open-source arbitrage bot. It runs locally in a validator and only operates when that particular validator is the leader.
The Paladin bot relies on three distinct features to improve a validatorβs APY (Annual Percentage Yield):
- Atomic Arb Bot - Not to be confused with a frontrunning sandwich bot, Paladin is a high-performance arbitrage bot that is faster than external searchers.
- CeFi/DeFi Arb - Leveraging a permissionless DeFi bulletin board that communicates directly with slot leaders, Paladin is able to capture MEV through CeFi/DeFi price discrepancies.
- PALAggregator - Running exclusively within the leader, Paladin bot knows with certainty the exact price of every asset in real time. The bot can use this advantage to find a better path on trades and share the surplus rewards with the wallet that executed the transaction.
Essentially, the Paladin bot is a powerful tool that is altruistically employed to benefit and incentivize honest validator behavior.
To reap the benefits of Paladin, validators need to operate the Paladin bot, which in turn rewards holders and stakers of the protocol's native token, PAL.
PALADIN REWARD DYNAMICS - THE PAL TOKEN
Breaking the trend of providing speculative governance tokens, Paladin has opted for a more tangible token economy driven genuine value accrual.
PAL, the protocolβs native token, serves as the means by which MEV rewards are distributed to stakers and validators running the Paladin Bot, or βPalidatorsβ.
MEV rewards captured by Palidators are distributed as follows:
- 90% is returned to the leader
- 5% is directed to Palidators and their stakers, proportionate to the amount of SOL staked
- 5% is passed to PAL token holders. However, given that 50% is airdropped to validators and PAL stakers, unstaked PAL holders receive 2.5%
While PAL is not a governance token, it does play a crucial role in the ecosystem outside of reward distribution. If Palidators are believed to be operating dishonestly, PAL stakers can vote to slash that Palidatorβs stake, burning its PAL.
The protocol aims to distribute MEV rewards among honest ecosystem contributors in a way that everyone wins, as opposed to a competitive scramble for larger pieces of the MEV pie.
Despite a relatively muted social presence, the Paladin launch is generating excitement behind closed doors. In an exclusive statement with SolanaFloor, Paladin representative Uri Klarman revealed that β8% of Solana stake have committed to being a launch partner and run Paladin ahead of the launch.β
Additionally, the protocol has plenty of resources to encourage continued development and expansion from ecosystem developers.
According to Klarman, a budget of $5M per year has been committed to continued development, meaning that ecosystem developers may be sufficiently inspired to expand Paladin beyond the Jito client to Firedancer and any subsequent clients in the future.
Paladinβs unique approach to MEV and reward distribution acknowledges that itβs impossible to prevent validators from frontrunning transactions. However, should the Paladin protocol prove successful, its reward structure would be a more economical alternative, hopefully making Solana an efficient DeFi ecosystem for all users.
With MEV bots reportedly extracting millions from Solana DEX markets every month, Paladin might just be the knight in shining armor that Solana DeFi needs.
Fully decentralized, open-source, and permissionless, Paladinβs mission is to eliminate predatory MEV on Solana. But how does it work?
THE PALADIN BOT
Designed to run within the Jito client, the Paladin bot is a fast open-source arbitrage bot. It runs locally in a validator and only operates when that particular validator is the leader.
The Paladin bot relies on three distinct features to improve a validatorβs APY (Annual Percentage Yield):
- Atomic Arb Bot - Not to be confused with a frontrunning sandwich bot, Paladin is a high-performance arbitrage bot that is faster than external searchers.
- CeFi/DeFi Arb - Leveraging a permissionless DeFi bulletin board that communicates directly with slot leaders, Paladin is able to capture MEV through CeFi/DeFi price discrepancies.
- PALAggregator - Running exclusively within the leader, Paladin bot knows with certainty the exact price of every asset in real time. The bot can use this advantage to find a better path on trades and share the surplus rewards with the wallet that executed the transaction.
Essentially, the Paladin bot is a powerful tool that is altruistically employed to benefit and incentivize honest validator behavior.
To reap the benefits of Paladin, validators need to operate the Paladin bot, which in turn rewards holders and stakers of the protocol's native token, PAL.
PALADIN REWARD DYNAMICS - THE PAL TOKEN
Breaking the trend of providing speculative governance tokens, Paladin has opted for a more tangible token economy driven genuine value accrual.
PAL, the protocolβs native token, serves as the means by which MEV rewards are distributed to stakers and validators running the Paladin Bot, or βPalidatorsβ.
MEV rewards captured by Palidators are distributed as follows:
- 90% is returned to the leader
- 5% is directed to Palidators and their stakers, proportionate to the amount of SOL staked
- 5% is passed to PAL token holders. However, given that 50% is airdropped to validators and PAL stakers, unstaked PAL holders receive 2.5%
While PAL is not a governance token, it does play a crucial role in the ecosystem outside of reward distribution. If Palidators are believed to be operating dishonestly, PAL stakers can vote to slash that Palidatorβs stake, burning its PAL.
The protocol aims to distribute MEV rewards among honest ecosystem contributors in a way that everyone wins, as opposed to a competitive scramble for larger pieces of the MEV pie.
Despite a relatively muted social presence, the Paladin launch is generating excitement behind closed doors. In an exclusive statement with SolanaFloor, Paladin representative Uri Klarman revealed that β8% of Solana stake have committed to being a launch partner and run Paladin ahead of the launch.β
Additionally, the protocol has plenty of resources to encourage continued development and expansion from ecosystem developers.
According to Klarman, a budget of $5M per year has been committed to continued development, meaning that ecosystem developers may be sufficiently inspired to expand Paladin beyond the Jito client to Firedancer and any subsequent clients in the future.
Paladinβs unique approach to MEV and reward distribution acknowledges that itβs impossible to prevent validators from frontrunning transactions. However, should the Paladin protocol prove successful, its reward structure would be a more economical alternative, hopefully making Solana an efficient DeFi ecosystem for all users.
2 months ago
Daily Memecoin Recap - July 10
Volume slowly coming back as $sol stabilizes
Rocky Breaking Records
$rocky -> $6 .7m to $29 .75m (4.44x), pet rock
$papery -> hit $1 .16m, pet paper, beta to $rocky
- Extremely good team
- Organized push
Launch Gone Wrong
$jeb -> hit $29 .5m (now sitting at $1m )
- Pre-Sale
- Heavily sniped launch with KOLs onboard
Hawk Tuah Girl Part 2
$glak -> hit $830k , based on a girl in a viral video, deriv of $hawktuah
$fart -> hit $550k , also based on a viral video
Dog Meta
$buddy -> $720k to $5 .54m (7.69x), CTO team balling out on marketing
$boppy -> $670k to $1 .47m (2.19x), new ATH, CTO
$puka -> $67k to $380k (5.67x)
$popdog -> hit $4m , $popcat but a dog, CTO
$gidi -> hit $1 .85m, cute dog, $billy deriv, second CTO
$vibin -> hit $520k
Slang Meta
$aura -> $17m to $30 .43m (1.79x)
$trenches -> hit $1 .12m
$things -> hit $600k , "hearing things", popular sentence in crypto
$deadass -> hit $375k
Matt Furie
$spike -> $29 .6m to $46 .9m (1.58x), team wants to push
More Cooks
$zack -> $21 .7m to $46m (2.11x),
MrZackMorris's coin
$mongy -> $300k to $4 .3m (14x), monkey meme
$tard -> $56k to $700k (12.5x), cat meme
$fire -> hit $1 .55m, beta to $water (after Messi's promotion)
$high -> hit $1m , good art
$ruy -> hit $490k , redacted RoyCooperN, CTO
$freaky -> hit $373k
Slang & Dog metas are the strongest at the moment
Market is still very PvP on sol, no one wants to hold for long
Volume slowly coming back as $sol stabilizes
Rocky Breaking Records
$rocky -> $6 .7m to $29 .75m (4.44x), pet rock
$papery -> hit $1 .16m, pet paper, beta to $rocky
- Extremely good team
- Organized push
Launch Gone Wrong
$jeb -> hit $29 .5m (now sitting at $1m )
- Pre-Sale
- Heavily sniped launch with KOLs onboard
Hawk Tuah Girl Part 2
$glak -> hit $830k , based on a girl in a viral video, deriv of $hawktuah
$fart -> hit $550k , also based on a viral video
Dog Meta
$buddy -> $720k to $5 .54m (7.69x), CTO team balling out on marketing
$boppy -> $670k to $1 .47m (2.19x), new ATH, CTO
$puka -> $67k to $380k (5.67x)
$popdog -> hit $4m , $popcat but a dog, CTO
$gidi -> hit $1 .85m, cute dog, $billy deriv, second CTO
$vibin -> hit $520k
Slang Meta
$aura -> $17m to $30 .43m (1.79x)
$trenches -> hit $1 .12m
$things -> hit $600k , "hearing things", popular sentence in crypto
$deadass -> hit $375k
Matt Furie
$spike -> $29 .6m to $46 .9m (1.58x), team wants to push
More Cooks
$zack -> $21 .7m to $46m (2.11x),
MrZackMorris's coin
$mongy -> $300k to $4 .3m (14x), monkey meme
$tard -> $56k to $700k (12.5x), cat meme
$fire -> hit $1 .55m, beta to $water (after Messi's promotion)
$high -> hit $1m , good art
$ruy -> hit $490k , redacted RoyCooperN, CTO
$freaky -> hit $373k
Slang & Dog metas are the strongest at the moment
Market is still very PvP on sol, no one wants to hold for long
2 months ago
Daily Memecoin Recap - July 7
Today had some interesting plays
More runners today than the last couple of days, most coins are still struggling to break past $200k though
Game(.)com Launch
$brofren -> hit $6m , one of the first coins launched on memeisgame
$777 -> hit $1 .8m, bazinga says this is the first and last coin that he will create on memeisgame, people are speculating that this will be an influencer's coin
- bazingahappy's platform launches
Ben.eth Launch
$apepe -> hit $5 .55m, Angel Pepe, bigbendoteth, his old twitter was suspended
$dpepe -> hit $470k , Devil Pepe, beta to $apepe
Zazu Relaunch
$zazu -> hit $2 .4m, 3rd time somebody launches Zazu, this is not the OG one, CTO
$zazu -> hit $250k , rumored to be deployed by the same deployer as $wif
Landlord Takeover
$landlord -> $5 .3m to $18 .15m (3.42x)
$tnnt -> hit $1 .15m, "Tenant Messo", Tenant to $landlord , launched on dexscreener's moonshot
Dog Memes
$scooby -> $1 .86m to $7 .33m (3.94x), Real dog that looks like scooby doo, good team, organized push
$chilly -> $230k to $3 .55m (15.43x)
$dilly -> $265k to $2 .02m (7.62x)
$buddy -> $430k to $1 .25m (2.9x), good CTO team
$rawdog -> hit $900k
$hachiko -> hit $470k , CTO
Cat Memes
$lufi -> hit $3 .4m, CTO team has been pushing for days
$gm -> hit $1m , CTO
$sweetie -> hit $570k , CTO, organized push
$savage -> hit $374k , "Savage Cat", CTO
More Cooks
$typeshit -> $300k to $1 .35m (4.5x), slang meta, pushed by many KOLs
$otti -> $115k to $747k (6.49x), otter meme
$kong -> hit $4m , insta filled from pumpfun directly to millions, similar art to $brett
Start of a new week tomorrow
Hoping volume continues to pick up
Lock in π
Today had some interesting plays
More runners today than the last couple of days, most coins are still struggling to break past $200k though
Game(.)com Launch
$brofren -> hit $6m , one of the first coins launched on memeisgame
$777 -> hit $1 .8m, bazinga says this is the first and last coin that he will create on memeisgame, people are speculating that this will be an influencer's coin
- bazingahappy's platform launches
Ben.eth Launch
$apepe -> hit $5 .55m, Angel Pepe, bigbendoteth, his old twitter was suspended
$dpepe -> hit $470k , Devil Pepe, beta to $apepe
Zazu Relaunch
$zazu -> hit $2 .4m, 3rd time somebody launches Zazu, this is not the OG one, CTO
$zazu -> hit $250k , rumored to be deployed by the same deployer as $wif
Landlord Takeover
$landlord -> $5 .3m to $18 .15m (3.42x)
$tnnt -> hit $1 .15m, "Tenant Messo", Tenant to $landlord , launched on dexscreener's moonshot
Dog Memes
$scooby -> $1 .86m to $7 .33m (3.94x), Real dog that looks like scooby doo, good team, organized push
$chilly -> $230k to $3 .55m (15.43x)
$dilly -> $265k to $2 .02m (7.62x)
$buddy -> $430k to $1 .25m (2.9x), good CTO team
$rawdog -> hit $900k
$hachiko -> hit $470k , CTO
Cat Memes
$lufi -> hit $3 .4m, CTO team has been pushing for days
$gm -> hit $1m , CTO
$sweetie -> hit $570k , CTO, organized push
$savage -> hit $374k , "Savage Cat", CTO
More Cooks
$typeshit -> $300k to $1 .35m (4.5x), slang meta, pushed by many KOLs
$otti -> $115k to $747k (6.49x), otter meme
$kong -> hit $4m , insta filled from pumpfun directly to millions, similar art to $brett
Start of a new week tomorrow
Hoping volume continues to pick up
Lock in π
2 months ago
Daily Memecoin Recap - July 5
$sol bounces off of support, for market to resume its uptrend (short-term), we'd like to see a break of $155
Billy Soars Regardless Of Market Conditions
$billy -> $96 .5m to $164m (1.7x)
$holly -> hit $8 .65m, bundled, rumors that it was ran by the same guys as $billy
Matt Furie Characters
$doggs -> $10 .55m to $24m (2.27x), good team & market makers
$mojo -> hit $2m
Moonshot Launches
$landlord -> $2 .32m to $6 .1m (2.63x), on dexscreene's moonshot
$jacky -> hit $1 .5m, cat meme
Cat Memes
$milly -> hit $3 .2m, CTO, this meme has been done twice previously
$relax -> hit $1 .8m, pushed by KOLs, same dev as $chill that hit $1m
$omni -> hit $660k , CTO
Dog Memes
$buddy -> hit $1m , CTO by a $billy whale
$dolly -> hit $575k , dog version of $dolly
$boppy -> hit $520k , CTO
More Cooks
$otti -> hit $1 .88m
$grass -> hit $1 .65m, "Touch Grass", CTO
$nothing -> hit $400k
Lately everything is a "CTO"
Any project where dev is still in is lowkey bearish nowadays lmao
$sol bounces off of support, for market to resume its uptrend (short-term), we'd like to see a break of $155
Billy Soars Regardless Of Market Conditions
$billy -> $96 .5m to $164m (1.7x)
$holly -> hit $8 .65m, bundled, rumors that it was ran by the same guys as $billy
Matt Furie Characters
$doggs -> $10 .55m to $24m (2.27x), good team & market makers
$mojo -> hit $2m
Moonshot Launches
$landlord -> $2 .32m to $6 .1m (2.63x), on dexscreene's moonshot
$jacky -> hit $1 .5m, cat meme
Cat Memes
$milly -> hit $3 .2m, CTO, this meme has been done twice previously
$relax -> hit $1 .8m, pushed by KOLs, same dev as $chill that hit $1m
$omni -> hit $660k , CTO
Dog Memes
$buddy -> hit $1m , CTO by a $billy whale
$dolly -> hit $575k , dog version of $dolly
$boppy -> hit $520k , CTO
More Cooks
$otti -> hit $1 .88m
$grass -> hit $1 .65m, "Touch Grass", CTO
$nothing -> hit $400k
Lately everything is a "CTO"
Any project where dev is still in is lowkey bearish nowadays lmao
3 months ago
Christian countries should be Christian.
Muslim countries should be Muslim.
Buddhist countries should be Buddhist.
And some religions donβt have countries.
Muslim countries should be Muslim.
Buddhist countries should be Buddhist.
And some religions donβt have countries.
3 months ago
JupiterExchange's vote on Uplink's Budget Proposal is now live to decide on funding the Uplink Working Group for its community-driven efforts to promote Jupiverse narratives.
3 months ago
The leading staking protocol on the Solana network, Marinade has announced the upcoming "Marinade Earn Season 3" launch.
A governance proposal to allocate the 25 million MNDE budget for Season 3 has already passed, with 1.2 million MNDE tokens initially distributed to partners.
The program is slated to commence on June 17th.
A governance proposal to allocate the 25 million MNDE budget for Season 3 has already passed, with 1.2 million MNDE tokens initially distributed to partners.
The program is slated to commence on June 17th.
