4 months ago
Daily Memecoin Recap - August 6
Majors continue recovering, $sol back at $154 from a low of $110
Great volume today
Runners Of The Day
$thumb -> hit $6 .4m, good cat meme, dev bought 80%+ supply off pumpfun and burned it all
$rawdog -> hit $1 .9m, "no telegram. no socials. rawdogging." zoomer meta
$hommy -> hit $1 .3m, "The One Who Waits", diamond hands meme of an interesting creature
Blind Meta
$⠙⠕⠛ -> hit $2 .65m, "Blind Dog", unique idea
$⠉⠁⠞ -> hit $395k , "Blind Cat", beta to Blind Dog
Wrapped Meta Pushes
$wDOG -> $3 .5m to $24m (6.85x), wrapped dog goes crazy (references $wBTC , $wETH , $wSOL , etc.)
$wCAT -> $165k to $2 .3m (13.9x), $wDOG beta
$wSCF -> hit $430k , "wrapped smoking chicken fish", beta to $scf
Ginnan Comes Back For More
$ginnan -> $10m to $77m (7.7x), $neiro 's brother
$tsuji -> hit $1 .52m, "Ginnan's Sister", Kabosu Family meme ( $doge ), CTO, beta to $ginnan
High Market Cap Coins Recover
$popcat -> $240m to $560m (2.33x), fast bounce after a large downwick
$giga -> $60m to $152m (2.53x), gigachad
Dog Memes
$hugi -> hit $1 .5m, a dog giving hugs
$Dog² -> hit $500k , a dog in a dog costume
Cat Memes
$npc -> hit $900k , "npc cat", KOLs involved
$vroom -> hit $900k , cat driving a car
$hop -> hit $300k , "hop online", cat playing video games, CTO
Other Plays
$knight -> $200k to $1 .7m (8.5x), "Fallen Knight", launch from July 25th, just made a new ATH
$time -> hit $419k , "It's Time"
$rpepe -> hit $325k , "The Real Pepe", irl person painted green
$pog -> hit $248k , penguin meme, pushed by KOLs
Note how $oodles is down at $1 .3m from a high of $12m +
One thing with sol memes: if there's potential for a sell the news event, then it will be a sell the news event
Lock in🤝
Majors continue recovering, $sol back at $154 from a low of $110
Great volume today
Runners Of The Day
$thumb -> hit $6 .4m, good cat meme, dev bought 80%+ supply off pumpfun and burned it all
$rawdog -> hit $1 .9m, "no telegram. no socials. rawdogging." zoomer meta
$hommy -> hit $1 .3m, "The One Who Waits", diamond hands meme of an interesting creature
Blind Meta
$⠙⠕⠛ -> hit $2 .65m, "Blind Dog", unique idea
$⠉⠁⠞ -> hit $395k , "Blind Cat", beta to Blind Dog
Wrapped Meta Pushes
$wDOG -> $3 .5m to $24m (6.85x), wrapped dog goes crazy (references $wBTC , $wETH , $wSOL , etc.)
$wCAT -> $165k to $2 .3m (13.9x), $wDOG beta
$wSCF -> hit $430k , "wrapped smoking chicken fish", beta to $scf
Ginnan Comes Back For More
$ginnan -> $10m to $77m (7.7x), $neiro 's brother
$tsuji -> hit $1 .52m, "Ginnan's Sister", Kabosu Family meme ( $doge ), CTO, beta to $ginnan
High Market Cap Coins Recover
$popcat -> $240m to $560m (2.33x), fast bounce after a large downwick
$giga -> $60m to $152m (2.53x), gigachad
Dog Memes
$hugi -> hit $1 .5m, a dog giving hugs
$Dog² -> hit $500k , a dog in a dog costume
Cat Memes
$npc -> hit $900k , "npc cat", KOLs involved
$vroom -> hit $900k , cat driving a car
$hop -> hit $300k , "hop online", cat playing video games, CTO
Other Plays
$knight -> $200k to $1 .7m (8.5x), "Fallen Knight", launch from July 25th, just made a new ATH
$time -> hit $419k , "It's Time"
$rpepe -> hit $325k , "The Real Pepe", irl person painted green
$pog -> hit $248k , penguin meme, pushed by KOLs
Note how $oodles is down at $1 .3m from a high of $12m +
One thing with sol memes: if there's potential for a sell the news event, then it will be a sell the news event
Lock in🤝
4 months ago
After years of development behind the scenes, the Paladin team is finally showing its hand. Proposing a more egalitarian approach to MEV rewards, Paladin aims to discourage MEV frontrunners and provide an alternative that is more profitable for everyone.
With MEV bots reportedly extracting millions from Solana DEX markets every month, Paladin might just be the knight in shining armor that Solana DeFi needs.
Fully decentralized, open-source, and permissionless, Paladin’s mission is to eliminate predatory MEV on Solana. But how does it work?
THE PALADIN BOT
Designed to run within the Jito client, the Paladin bot is a fast open-source arbitrage bot. It runs locally in a validator and only operates when that particular validator is the leader.
The Paladin bot relies on three distinct features to improve a validator’s APY (Annual Percentage Yield):
- Atomic Arb Bot - Not to be confused with a frontrunning sandwich bot, Paladin is a high-performance arbitrage bot that is faster than external searchers.
- CeFi/DeFi Arb - Leveraging a permissionless DeFi bulletin board that communicates directly with slot leaders, Paladin is able to capture MEV through CeFi/DeFi price discrepancies.
- PALAggregator - Running exclusively within the leader, Paladin bot knows with certainty the exact price of every asset in real time. The bot can use this advantage to find a better path on trades and share the surplus rewards with the wallet that executed the transaction.
Essentially, the Paladin bot is a powerful tool that is altruistically employed to benefit and incentivize honest validator behavior.
To reap the benefits of Paladin, validators need to operate the Paladin bot, which in turn rewards holders and stakers of the protocol's native token, PAL.
PALADIN REWARD DYNAMICS - THE PAL TOKEN
Breaking the trend of providing speculative governance tokens, Paladin has opted for a more tangible token economy driven genuine value accrual.
PAL, the protocol’s native token, serves as the means by which MEV rewards are distributed to stakers and validators running the Paladin Bot, or ‘Palidators’.
MEV rewards captured by Palidators are distributed as follows:
- 90% is returned to the leader
- 5% is directed to Palidators and their stakers, proportionate to the amount of SOL staked
- 5% is passed to PAL token holders. However, given that 50% is airdropped to validators and PAL stakers, unstaked PAL holders receive 2.5%
While PAL is not a governance token, it does play a crucial role in the ecosystem outside of reward distribution. If Palidators are believed to be operating dishonestly, PAL stakers can vote to slash that Palidator’s stake, burning its PAL.
The protocol aims to distribute MEV rewards among honest ecosystem contributors in a way that everyone wins, as opposed to a competitive scramble for larger pieces of the MEV pie.
Despite a relatively muted social presence, the Paladin launch is generating excitement behind closed doors. In an exclusive statement with SolanaFloor, Paladin representative Uri Klarman revealed that “8% of Solana stake have committed to being a launch partner and run Paladin ahead of the launch.”
Additionally, the protocol has plenty of resources to encourage continued development and expansion from ecosystem developers.
According to Klarman, a budget of $5M per year has been committed to continued development, meaning that ecosystem developers may be sufficiently inspired to expand Paladin beyond the Jito client to Firedancer and any subsequent clients in the future.
Paladin’s unique approach to MEV and reward distribution acknowledges that it’s impossible to prevent validators from frontrunning transactions. However, should the Paladin protocol prove successful, its reward structure would be a more economical alternative, hopefully making Solana an efficient DeFi ecosystem for all users.
With MEV bots reportedly extracting millions from Solana DEX markets every month, Paladin might just be the knight in shining armor that Solana DeFi needs.
Fully decentralized, open-source, and permissionless, Paladin’s mission is to eliminate predatory MEV on Solana. But how does it work?
THE PALADIN BOT
Designed to run within the Jito client, the Paladin bot is a fast open-source arbitrage bot. It runs locally in a validator and only operates when that particular validator is the leader.
The Paladin bot relies on three distinct features to improve a validator’s APY (Annual Percentage Yield):
- Atomic Arb Bot - Not to be confused with a frontrunning sandwich bot, Paladin is a high-performance arbitrage bot that is faster than external searchers.
- CeFi/DeFi Arb - Leveraging a permissionless DeFi bulletin board that communicates directly with slot leaders, Paladin is able to capture MEV through CeFi/DeFi price discrepancies.
- PALAggregator - Running exclusively within the leader, Paladin bot knows with certainty the exact price of every asset in real time. The bot can use this advantage to find a better path on trades and share the surplus rewards with the wallet that executed the transaction.
Essentially, the Paladin bot is a powerful tool that is altruistically employed to benefit and incentivize honest validator behavior.
To reap the benefits of Paladin, validators need to operate the Paladin bot, which in turn rewards holders and stakers of the protocol's native token, PAL.
PALADIN REWARD DYNAMICS - THE PAL TOKEN
Breaking the trend of providing speculative governance tokens, Paladin has opted for a more tangible token economy driven genuine value accrual.
PAL, the protocol’s native token, serves as the means by which MEV rewards are distributed to stakers and validators running the Paladin Bot, or ‘Palidators’.
MEV rewards captured by Palidators are distributed as follows:
- 90% is returned to the leader
- 5% is directed to Palidators and their stakers, proportionate to the amount of SOL staked
- 5% is passed to PAL token holders. However, given that 50% is airdropped to validators and PAL stakers, unstaked PAL holders receive 2.5%
While PAL is not a governance token, it does play a crucial role in the ecosystem outside of reward distribution. If Palidators are believed to be operating dishonestly, PAL stakers can vote to slash that Palidator’s stake, burning its PAL.
The protocol aims to distribute MEV rewards among honest ecosystem contributors in a way that everyone wins, as opposed to a competitive scramble for larger pieces of the MEV pie.
Despite a relatively muted social presence, the Paladin launch is generating excitement behind closed doors. In an exclusive statement with SolanaFloor, Paladin representative Uri Klarman revealed that “8% of Solana stake have committed to being a launch partner and run Paladin ahead of the launch.”
Additionally, the protocol has plenty of resources to encourage continued development and expansion from ecosystem developers.
According to Klarman, a budget of $5M per year has been committed to continued development, meaning that ecosystem developers may be sufficiently inspired to expand Paladin beyond the Jito client to Firedancer and any subsequent clients in the future.
Paladin’s unique approach to MEV and reward distribution acknowledges that it’s impossible to prevent validators from frontrunning transactions. However, should the Paladin protocol prove successful, its reward structure would be a more economical alternative, hopefully making Solana an efficient DeFi ecosystem for all users.
4 months ago
Daily Memecoin Recap - July 24
Despite stocks being down heavy on the day, $sol was pretty stable
Have a look at what happened 👇
Runners Of The Day
$eggy -> hit $5 .3m, literally an egg
$alpha -> hit $5m , KOLs onboard
$mystic -> hit $3 .3m, CTO, heavily pushed on twitter
$noah -> hit $1 .9m, CTO, pushed by lots of groups as " the next $billy "
Shape Meta
$circle -> hit $470k , literally just a circle
- Kickstarted the shape meta
- Plenty of shapes were launching on pump fun
- Square, triangle, star were some betas
Midget Olympics
$mog -> hit $3 .2m, their twitter says it all midget_olympics
Mystery Launch
$fried -> hit $4m
- These hyped launches always have an initial run-up due to hype & snipes
- They tend to die down after that unless the team has capital & a solid plan (this one is holding decently)
Smoking Chicken Fish Pushes
$scf -> $2 .6m to $24 .5m (9.42x), pushed by KOLs
Teams w/ Large Capital
$bill -> $24 .7m to $46 .6m (1.88x), Bill The Bear
$clown -> hit $87m
$parry -> hit $36m , very good team, good bird meme
Cat Memes
$ily -> $4 .21m to $13 .87m (3.29x), great CTO team
$fc -> $750k to $1 .78m (2.37x), "Floki Cat"
$bullish -> hit $1 .1m, Cat + Bull = Bullish, CTO
$skullcat -> hit $500k
$chiti -> hit $374k , CTO
$magic -> hit $324k , "Magic Cat"
$charm -> hit $315k , CTO
$gracie -> hit $237k , viral tiktok cat
Zoomer Memes
$hmu -> $20k to $1 .15m (57x), "hit me up"
$brat -> hit $6m , "Brat Summer"
$based -> hit $1 .95m, slang used all over social media
$omg -> hit $485k , "On My Grind"
$gac -> hit $360k , "Goofy Ahh Coin"
More Cooks
$selfie -> $590k to $32 .7m (55x from the low), back from the dead
$guzuta -> $444k to $2 .17m (4.88x)
$taddy -> $50k to $615k (12.3x), "Daddy Trump", $daddy (Andrew Tate's coin) + Trump
$knight -> hit $1 .22m, "Fallen Knight", medieval meme
$csfm -> hit $450k , "Church of the flying spaghetti monster"
$gator -> hit $350k , instantly filled on pump fun, CTO
$crashout -> hit $240k , good meme
Traders are getting more experienced, scalpers are emerging since people don't hold trades for long
Most coins go to zero within 1 hour, remember to never become a community member
Despite stocks being down heavy on the day, $sol was pretty stable
Have a look at what happened 👇
Runners Of The Day
$eggy -> hit $5 .3m, literally an egg
$alpha -> hit $5m , KOLs onboard
$mystic -> hit $3 .3m, CTO, heavily pushed on twitter
$noah -> hit $1 .9m, CTO, pushed by lots of groups as " the next $billy "
Shape Meta
$circle -> hit $470k , literally just a circle
- Kickstarted the shape meta
- Plenty of shapes were launching on pump fun
- Square, triangle, star were some betas
Midget Olympics
$mog -> hit $3 .2m, their twitter says it all midget_olympics
Mystery Launch
$fried -> hit $4m
- These hyped launches always have an initial run-up due to hype & snipes
- They tend to die down after that unless the team has capital & a solid plan (this one is holding decently)
Smoking Chicken Fish Pushes
$scf -> $2 .6m to $24 .5m (9.42x), pushed by KOLs
Teams w/ Large Capital
$bill -> $24 .7m to $46 .6m (1.88x), Bill The Bear
$clown -> hit $87m
$parry -> hit $36m , very good team, good bird meme
Cat Memes
$ily -> $4 .21m to $13 .87m (3.29x), great CTO team
$fc -> $750k to $1 .78m (2.37x), "Floki Cat"
$bullish -> hit $1 .1m, Cat + Bull = Bullish, CTO
$skullcat -> hit $500k
$chiti -> hit $374k , CTO
$magic -> hit $324k , "Magic Cat"
$charm -> hit $315k , CTO
$gracie -> hit $237k , viral tiktok cat
Zoomer Memes
$hmu -> $20k to $1 .15m (57x), "hit me up"
$brat -> hit $6m , "Brat Summer"
$based -> hit $1 .95m, slang used all over social media
$omg -> hit $485k , "On My Grind"
$gac -> hit $360k , "Goofy Ahh Coin"
More Cooks
$selfie -> $590k to $32 .7m (55x from the low), back from the dead
$guzuta -> $444k to $2 .17m (4.88x)
$taddy -> $50k to $615k (12.3x), "Daddy Trump", $daddy (Andrew Tate's coin) + Trump
$knight -> hit $1 .22m, "Fallen Knight", medieval meme
$csfm -> hit $450k , "Church of the flying spaghetti monster"
$gator -> hit $350k , instantly filled on pump fun, CTO
$crashout -> hit $240k , good meme
Traders are getting more experienced, scalpers are emerging since people don't hold trades for long
Most coins go to zero within 1 hour, remember to never become a community member
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