10 hours ago
🇨🇦 Canadian Bitcoin miner Cathedra Bitcoin completely changes strategy after seven years of mining BTC.
The company is stopping BTC mining to follow MicroStrategy's strategy: acquiring as much Bitcoin as possible on the open market.
Mining has not delivered enough value to shareholders over the past three years, executives say.
“Meanwhile, other listed companies have adopted an explicit policy of increasing bitcoin per share, including MicroStrategy, and have been rewarded by the stock markets.”
Bitcoin Treasuries data shows that the company currently holds 23 Bitcoin, worth $2 .5 million, making it the 45th largest corporate Bitcoin holder.
https://x.com/cathedrabitc...
The company is stopping BTC mining to follow MicroStrategy's strategy: acquiring as much Bitcoin as possible on the open market.
Mining has not delivered enough value to shareholders over the past three years, executives say.
“Meanwhile, other listed companies have adopted an explicit policy of increasing bitcoin per share, including MicroStrategy, and have been rewarded by the stock markets.”
Bitcoin Treasuries data shows that the company currently holds 23 Bitcoin, worth $2 .5 million, making it the 45th largest corporate Bitcoin holder.
https://x.com/cathedrabitc...
1 day ago
Steps to making your first $100 ,000 in memecoins
1. Follow the right people (I'll make a list soon)
2. Stare at bullx_io's pump vision
3. Write down every runner you see for the day
4. Find what each runner had in common
5. Use volume to your advantage. It's the single best indicator in this space: if you see constant 2-10 sol buys with almost no sells, odds are that someone has alpha on that coin
6. Interact with others on twitter, share your plays, prove that you're a hard worker
7. Join small circles of trench grinders
8. Profit
There really isn't any secrets to making it in this space. anyone can do it
Be terminally online & outwork everyone else
1. Follow the right people (I'll make a list soon)
2. Stare at bullx_io's pump vision
3. Write down every runner you see for the day
4. Find what each runner had in common
5. Use volume to your advantage. It's the single best indicator in this space: if you see constant 2-10 sol buys with almost no sells, odds are that someone has alpha on that coin
6. Interact with others on twitter, share your plays, prove that you're a hard worker
7. Join small circles of trench grinders
8. Profit
There really isn't any secrets to making it in this space. anyone can do it
Be terminally online & outwork everyone else
6 days ago
Sentiment is down, and critics have been quick to point out ETH's underperformance against SOL while largely attributing this to a perceived loss of mindshare and users to L2s.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.
🧛♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.
But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.
🧛♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.
But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
7 days ago
What is Hana Network?
Hana Network is a blockchain platform that integrates with EigenLayer and Babylon to enhance security and functionality. It allows users to stake assets on EigenLayer and Babylon while taking advantage of their advanced security protocols. Hana Network uses cryptographic techniques to ensure transaction security and preserve user privacy. It also supports multi-party group broadcasts and anonymous routing protocols. With these integrations, Hana Network aims to offer reliable and secure decentralized solutions for various applications, making blockchain technology more accessible and efficient.
Hana Network is a blockchain platform that integrates with EigenLayer and Babylon to enhance security and functionality. It allows users to stake assets on EigenLayer and Babylon while taking advantage of their advanced security protocols. Hana Network uses cryptographic techniques to ensure transaction security and preserve user privacy. It also supports multi-party group broadcasts and anonymous routing protocols. With these integrations, Hana Network aims to offer reliable and secure decentralized solutions for various applications, making blockchain technology more accessible and efficient.
8 days ago
After the euphoric highs of Q2, fear and doubt have crept back into crypto markets in recent months.
Amidst the uncertainty Solana’s DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocol’s losing between 13-18% in USD value on a monthly time frame.
However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?
NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solana’s DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.
Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.
Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solana’s top 50 DeFi applications by TVL.
Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.
At first glance, DeFiLlama data suggests that Jupiter’s TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiter’s total TVL on August 16, adding approximately $300M worth of funds to the platform.
According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiter’s total TVL has remained relatively stable in the face of challenging market conditions.
Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFi’s most solid performers throughout Q3’s volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.
Despite falling asset prices across the industry, Kamino has emerged as one of Solana’s standout DeFi protocols.
While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.
JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiter’s perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solana’s largest DeFi protocols, Jupiter’s perpetual DEX is currently the largest onchain derivatives market in the crypto industry.
Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.
While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiter’s $15 .1B. It’s worth noting that Hyperliquid’s high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocol’s upcoming airdrop
Amidst the uncertainty Solana’s DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocol’s losing between 13-18% in USD value on a monthly time frame.
However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?
NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solana’s DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.
Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.
Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solana’s top 50 DeFi applications by TVL.
Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.
At first glance, DeFiLlama data suggests that Jupiter’s TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiter’s total TVL on August 16, adding approximately $300M worth of funds to the platform.
According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiter’s total TVL has remained relatively stable in the face of challenging market conditions.
Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFi’s most solid performers throughout Q3’s volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.
Despite falling asset prices across the industry, Kamino has emerged as one of Solana’s standout DeFi protocols.
While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.
JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiter’s perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solana’s largest DeFi protocols, Jupiter’s perpetual DEX is currently the largest onchain derivatives market in the crypto industry.
Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.
While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiter’s $15 .1B. It’s worth noting that Hyperliquid’s high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocol’s upcoming airdrop
8 days ago
Prices may be down, but Grayscale's making bull market bets if you know where to look.
These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇
========================================
When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.
It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.
Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.
On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.
Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.
As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇
----------------------------------------------------------
Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)
Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.
As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.
Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.
As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.
The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.
The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.
Analysis by arjunnchand
These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇
========================================
When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.
It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.
Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.
On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.
Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.
As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇
----------------------------------------------------------
Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)
Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.
As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.
Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.
As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.
The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.
The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.
Analysis by arjunnchand
8 days ago
GM friends ☕️
Japan's largest power company TEPCO to use surplus renewable energy to mine Bitcoin 🔥
This will allow them to put an end to energy waste, while making profits to maintain their energy parks
Japan's largest power company TEPCO to use surplus renewable energy to mine Bitcoin 🔥
This will allow them to put an end to energy waste, while making profits to maintain their energy parks
11 days ago
📈 Bitcoin has failed to reclaim the important $60k support area in recent days ❌
With additional selling pressure from disappointing US economic numbers, the price dipped further below $55k today.
The analysis is simple here, BTC remains in its 6-month range and accumulation continues with very likely an imminent retest of the bottom of the pattern in yellow towards $49k -$50k.
Will we have a final retest of the bottom of the pattern before the bullish explosion with around $90k by the end of the year? This is the scenario I favor after a halving that is moving further and further away and a very long accumulation that is making some lose patience and hope 😴
The technical side is not so bad, however the economic context will have to follow, because unfortunately the crypto market remains very sensitive to it.
We have been patient, and we will have to remain so for a few more weeks, but let's not give up 💪
With additional selling pressure from disappointing US economic numbers, the price dipped further below $55k today.
The analysis is simple here, BTC remains in its 6-month range and accumulation continues with very likely an imminent retest of the bottom of the pattern in yellow towards $49k -$50k.
Will we have a final retest of the bottom of the pattern before the bullish explosion with around $90k by the end of the year? This is the scenario I favor after a halving that is moving further and further away and a very long accumulation that is making some lose patience and hope 😴
The technical side is not so bad, however the economic context will have to follow, because unfortunately the crypto market remains very sensitive to it.
We have been patient, and we will have to remain so for a few more weeks, but let's not give up 💪
12 days ago
🇺🇸 Donald Trump: "Instead of attacking the industries of the future, we will embrace them, including making America the world capital of cryptocurrencies and #Bitcoin ."
14 days ago
Central and Southern Asia Explore Sustainable Alternatives Following Bitcoin Mining Boom
Once a thriving hub for Bitcoin mining, Central and South Asia’s crypto community pivots to more sustainable networks.
While the Wed3 world focuses on international heavyweights like China and the United States, Central and South Asia (CSA) boasts a thriving and diverse crypto economy.
India and Pakistan enjoy some of the highest crypto adoption rates in the world, while cheap energy costs and regulatory clarity made Kazakhstan a Bitcoin mining hub in 2021.
As the crypto community seeks sustainable alternatives, Solana emerges as a prime candidate to support growing adoption in CSA nations.
Central Asia’s Bitcoin Mining Boom
Following the exodus of Bitcoin miners from China in 2021, Central Asian countries like Kazakhstan and Kyrgyzstan played host to huge amounts of crypto mining activity.
Abundant in natural resources, low energy costs, and crypto-friendly laws, the area quickly evolved into a thriving hub Bitcoin mining hub. Crypto mining operations paid as little as.03 per kWh for electricity in Kazakhstan, making it one of the world’s most cost-effective nations for Bitcoin farms.
This led to a surge in crypto adoption rates in Central Asia, with Kazakhstan becoming the world’s second-ranked Bitcoin mining nation in 2021. At its peak in October 2021, Kazakhstan accounted for 18% of the global Bitcoin hashrate. However, Central Asia’s mining utopia couldn’t last forever.
KAZAKHSTAN BITCOIN MINING INDUSTRY OVER TIME
The rising demand for energy put a significant strain on the Central Asian power grid, causing sporadic outages as aging Soviet-era infrastructure struggled to keep up. By May 2023, Kazakhstan’s contribution to the global hashrate had dropped to as low as 4%.
A wrath of regulations have since been implemented to curb crypto mining in Kazakhstan. New mining-specific tax rates have been introduced, and crypto miners in the nation are required by law to sell 75% of their revenue via centralized exchanges.
Meanwhile, neighboring countries like Kyrgyzstan and Uzbekistan are exploring more sustainable energy alternatives, including solar and hydroelectric farms.
IS SOLANA A CONVENIENT SOLUTION Solution?
Courtesy of its hybrid Proof-of-Stake/Proof-of-History consensus mechanism, Solana is one of the most environmentally friendly blockchains in the crypto industry. According to Solana Labs, one transaction requires less energy than a Google search. Additionally, Solana is carbon neutral, having implemented numerous carbon offsetting initiatives.
Once a thriving hub for Bitcoin mining, Central and South Asia’s crypto community pivots to more sustainable networks.
While the Wed3 world focuses on international heavyweights like China and the United States, Central and South Asia (CSA) boasts a thriving and diverse crypto economy.
India and Pakistan enjoy some of the highest crypto adoption rates in the world, while cheap energy costs and regulatory clarity made Kazakhstan a Bitcoin mining hub in 2021.
As the crypto community seeks sustainable alternatives, Solana emerges as a prime candidate to support growing adoption in CSA nations.
Central Asia’s Bitcoin Mining Boom
Following the exodus of Bitcoin miners from China in 2021, Central Asian countries like Kazakhstan and Kyrgyzstan played host to huge amounts of crypto mining activity.
Abundant in natural resources, low energy costs, and crypto-friendly laws, the area quickly evolved into a thriving hub Bitcoin mining hub. Crypto mining operations paid as little as.03 per kWh for electricity in Kazakhstan, making it one of the world’s most cost-effective nations for Bitcoin farms.
This led to a surge in crypto adoption rates in Central Asia, with Kazakhstan becoming the world’s second-ranked Bitcoin mining nation in 2021. At its peak in October 2021, Kazakhstan accounted for 18% of the global Bitcoin hashrate. However, Central Asia’s mining utopia couldn’t last forever.
KAZAKHSTAN BITCOIN MINING INDUSTRY OVER TIME
The rising demand for energy put a significant strain on the Central Asian power grid, causing sporadic outages as aging Soviet-era infrastructure struggled to keep up. By May 2023, Kazakhstan’s contribution to the global hashrate had dropped to as low as 4%.
A wrath of regulations have since been implemented to curb crypto mining in Kazakhstan. New mining-specific tax rates have been introduced, and crypto miners in the nation are required by law to sell 75% of their revenue via centralized exchanges.
Meanwhile, neighboring countries like Kyrgyzstan and Uzbekistan are exploring more sustainable energy alternatives, including solar and hydroelectric farms.
IS SOLANA A CONVENIENT SOLUTION Solution?
Courtesy of its hybrid Proof-of-Stake/Proof-of-History consensus mechanism, Solana is one of the most environmentally friendly blockchains in the crypto industry. According to Solana Labs, one transaction requires less energy than a Google search. Additionally, Solana is carbon neutral, having implemented numerous carbon offsetting initiatives.
15 days ago
Marinade Finance, one of Solana’s original staking providers, has found itself in hot water with validator operators.
Validators argue that Marinade’s 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 Solana’s 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. Marinade’s 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. Hanabi’s ‘Marinade Stake Selling’ 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 “Hanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.”
Adding further context to the claims of disgruntled operators, Repetny affirms “Hanabi lost 1M SOL from Marinade so it’s understandable he fights the new system.”
Concerned validators have taken to Marinade’s 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 “Marinade wants you to have side deals, ethical or not.”
Additionally, validators have argued that if “most of the mSOL pool is delegated to unethical validators it’s a really bad look for the Solana ecosystem.”
In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that “had never been done before”.
However, Kaplan admits that Marinade “went full capitalist… basically, the highest bidder wins. Marinade doesn’t really care if a validator bids for stake and is just gonna lose money on that stake, that’s not their problem… They’re happy to take the money and give that to mSOL holders.”
Experts argue that in current conditions, staking yield over 10% simply isn’t sustainable. Kaplan contends “10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.”
Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validator’s own “marketing/growth budget” or other sources like “SWQoS / private mempool deals”.
Responding to any accusations, Repetny reinforces Marinade's stance that “SAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.”
Validators argue that Marinade’s 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 Solana’s 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. Marinade’s 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. Hanabi’s ‘Marinade Stake Selling’ 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 “Hanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.”
Adding further context to the claims of disgruntled operators, Repetny affirms “Hanabi lost 1M SOL from Marinade so it’s understandable he fights the new system.”
Concerned validators have taken to Marinade’s 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 “Marinade wants you to have side deals, ethical or not.”
Additionally, validators have argued that if “most of the mSOL pool is delegated to unethical validators it’s a really bad look for the Solana ecosystem.”
In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that “had never been done before”.
However, Kaplan admits that Marinade “went full capitalist… basically, the highest bidder wins. Marinade doesn’t really care if a validator bids for stake and is just gonna lose money on that stake, that’s not their problem… They’re happy to take the money and give that to mSOL holders.”
Experts argue that in current conditions, staking yield over 10% simply isn’t sustainable. Kaplan contends “10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.”
Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validator’s own “marketing/growth budget” or other sources like “SWQoS / private mempool deals”.
Responding to any accusations, Repetny reinforces Marinade's stance that “SAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.”
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 🔒
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 🔒
25 days ago
There are some sources that are already making it official that Robert F. Kennedy Jr. 🇺🇸 is going to SUPPORT Donald Trump for the presidential elections ‼️👀
The two biggest candidates are pro #Bitcoin and crypto... plus this would be the first time (that I know of) that a Kennedy supports a Republican candidate, interesting 🤔
The two biggest candidates are pro #Bitcoin and crypto... plus this would be the first time (that I know of) that a Kennedy supports a Republican candidate, interesting 🤔
26 days ago
Update on Activity Rewards‼️
Rewarding users on Bullverse for their activities is a key factor for the platform's success. As you accumulate these rewards, the team is focused on making payouts automatic, strategic, and meaningful. Every reward system must be both sustainable and impactful.
The next update on the rewards system will include the following features:
👉 Real-time notifications for received rewards
👉Automated payouts through BullPay
👉 Penalties (automated and/or triggered by certain factors)
👉 Bull Rewards Topic
👉 Rewards sponsorships
…and more.
Your current activity points remain valid and accumulated. They will be applied during the next payout.
Rewarding users on Bullverse for their activities is a key factor for the platform's success. As you accumulate these rewards, the team is focused on making payouts automatic, strategic, and meaningful. Every reward system must be both sustainable and impactful.
The next update on the rewards system will include the following features:
👉 Real-time notifications for received rewards
👉Automated payouts through BullPay
👉 Penalties (automated and/or triggered by certain factors)
👉 Bull Rewards Topic
👉 Rewards sponsorships
…and more.
Your current activity points remain valid and accumulated. They will be applied during the next payout.
26 days ago
Babylon Chain project that enables staking on the Bitcoin network is now LIVE 🔥
You therefore have the possibility of making your BTC grow in non-custodial deposits
You therefore have the possibility of making your BTC grow in non-custodial deposits
29 days 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 protocol’s dynamic points program, Lavarage brings renewed enthusiasm to Solana’s 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 ‘Lavanauts’. 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 you’re opening positions, paying interest on borrowed assets, or staking SOL for lstSOL (Lavarage’s 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 protocol’s 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. Lavarage’s earliest users and supporters can now verify rewards accumulated during the ‘OG Mission’.
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 network’s 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 protocol’s inception.
WHAT'S NEXT?
With the Tephra points program officially underway, the Lavarage team has hinted that the upcoming TGE “might not be too far off”.
Regardless, Tephra is expected to boost the platform’s growing user base and volume, helping Lavarage grow towards becoming a key player in Solana’s flourishing DeFi Landscape.
With the launch of Tephra, the protocol’s dynamic points program, Lavarage brings renewed enthusiasm to Solana’s 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 ‘Lavanauts’. 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 you’re opening positions, paying interest on borrowed assets, or staking SOL for lstSOL (Lavarage’s 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 protocol’s 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. Lavarage’s earliest users and supporters can now verify rewards accumulated during the ‘OG Mission’.
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 network’s 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 protocol’s inception.
WHAT'S NEXT?
With the Tephra points program officially underway, the Lavarage team has hinted that the upcoming TGE “might not be too far off”.
Regardless, Tephra is expected to boost the platform’s growing user base and volume, helping Lavarage grow towards becoming a key player in Solana’s flourishing DeFi Landscape.
29 days ago
🚨 USDT of Tether_to will be launched on the Aptos blockchain.
“The Tether team is excited to integrate and collaborate with the Aptos ecosystem, furthering our commitment to making digital currencies more accessible and functional.”
says Paolo Ardoino, CEO of Tether
https://tether.io/news/tet.../
“The Tether team is excited to integrate and collaborate with the Aptos ecosystem, furthering our commitment to making digital currencies more accessible and functional.”
says Paolo Ardoino, CEO of Tether
https://tether.io/news/tet.../
Tether (USD₮) To Launch on Aptos Blockchain - Tether.io
19 August, 2024—Tether Operations Limited (Tether), the largest company in the digital assets industry, today announced that they will soon be launching U.S. dollar-pegged Tether tokens (“USD₮”) on the Aptos Network. This integration is part of Tether’s broader strategy to make digital currency more..
https://tether.io/news/tether-usd%E2%82%AE-to-launch-on-aptos-blockchain/
1 month ago
Parcl and Truflation partner to improve on-chain access to real estate data, which offers real-time insights into global housing markets.
The collaboration would enhance transparency and assist users in making informed financial decisions in the DeFi space.
The collaboration would enhance transparency and assist users in making informed financial decisions in the DeFi space.
1 month ago
🗣️ “The problem I have with MiCA is that instead of making the system safer, it actually creates an incredibly large systemic risk”
Tether CEO Paolo Ardoino expresses concerns about MiCA, which poses a systemic risk not only to stablecoins, but also to the broader banking system.
The MiCA regulation, which came into force on June 30, imposes strict limits on stablecoin operations in the EU.
In particular, it requires that at least 60% of the reserves backing stablecoins must be held in EU bank accounts.
He further pointed out that EU cash deposits are only insured for a maximum of $100 ,000, an amount insufficient for large stablecoin issuers like Tether
https://cointelegraph.com/...
Tether CEO Paolo Ardoino expresses concerns about MiCA, which poses a systemic risk not only to stablecoins, but also to the broader banking system.
The MiCA regulation, which came into force on June 30, imposes strict limits on stablecoin operations in the EU.
In particular, it requires that at least 60% of the reserves backing stablecoins must be held in EU bank accounts.
He further pointed out that EU cash deposits are only insured for a maximum of $100 ,000, an amount insufficient for large stablecoin issuers like Tether
https://cointelegraph.com/...
1 month ago
Shout out to our Artists and Partners for making our new PARTNERSHIP banner POP! 🤝🤩
We appreciate each and every one of you for rocking w $POPDOG 🤜🤛🚀
Stay tuned for more partnerships dropping soon⏰
0xDr_DeFi (https://x.com/0xDr_DeFi)
K1dandWalt (https://x.com/K1dandWalt)
HelloMoon_io (https://x.com/HelloMoon_io)
Fityeth (https://x.com/Fityeth)
MemeFestWTF (https://x.com/MemeFestWTF)
MEMECON_lol (https://x.com/MEMECON_lol)
CryptoMoonSh0ts (https://x.com/CryptoMoonSh...)
DeepSpaceDPS (https://x.com/DeepSpaceDPS)
RicoMoneybags (https://x.com/RicoMoneybag...)
MEMEZILLACOIN (https://x.com/MEMEZILLACOI...)
@BullVerse (https://x.com/BullVerse_)
K1d_Crypt0 (https://x.com/K1d_Crypt0)
WALTER_DEFI (https://x.com/WALTER_DEFI)
We appreciate each and every one of you for rocking w $POPDOG 🤜🤛🚀
Stay tuned for more partnerships dropping soon⏰
0xDr_DeFi (https://x.com/0xDr_DeFi)
K1dandWalt (https://x.com/K1dandWalt)
HelloMoon_io (https://x.com/HelloMoon_io)
Fityeth (https://x.com/Fityeth)
MemeFestWTF (https://x.com/MemeFestWTF)
MEMECON_lol (https://x.com/MEMECON_lol)
CryptoMoonSh0ts (https://x.com/CryptoMoonSh...)
DeepSpaceDPS (https://x.com/DeepSpaceDPS)
RicoMoneybags (https://x.com/RicoMoneybag...)
MEMEZILLACOIN (https://x.com/MEMEZILLACOI...)
@BullVerse (https://x.com/BullVerse_)
K1d_Crypt0 (https://x.com/K1d_Crypt0)
WALTER_DEFI (https://x.com/WALTER_DEFI)
1 month ago
Daily Memecoin Recap - August 8
The market is in need of a new meta, a lot of repetitive things coming out
Fake Trump Coin
$rtr -> hit $155m , "Restore The Republic"
- DonaldJTrumpJr was teasing at an exciting crypto announcement
- Plenty of legit people had sources saying that this was Trump's real coin
- People believe that they rugged at the last second, which has caused an outroar on the timeline
Neiro's friends
$fuku -> hit $4m , based on $neiro 's friend, kabosu family ( $doge )
$fuku -> hit $1m
$hachi -> hit $1m
- kabosumama has a new blog post
Dog Memes
$pitbull -> $400k to $1 .96m (4.9x), decent team
$pooku -> $260k to $1 .2m (4.6x)
$eggdog -> hit $8 .5m, insider
$maka -> hit $980k , cute dog
$maki -> hit $300k
Wizard meta
$lore -> hit $1 .15m
$wizcat -> hit $1 .1m, influencers backing
More Cooks
$schizo -> $95k to $2m (21x), revived after getting CTO'd
$gmblr -> hit $3m , sniped launch
$jajak -> hit $2 .83m, heavily pushed today, a lot of smart wallets aped, funny meme
$dwifkodak -> hit $1 .6m, celeb meta, pushed by KOLs
$money -> hit $1 .15m, "Just give me my money", good meme
$bif -> hit $850k , "banana wif hat"
$miy -> hit $800k , duck meme, CTO
$memest -> hit $380k , "memes street", CTO
$spurdo -> hit $370k
$bph -> hit $260k , "Blue Party Hat",
I want to see something new, something fresh that hasn't been done before
Can dev do something pls
The market is in need of a new meta, a lot of repetitive things coming out
Fake Trump Coin
$rtr -> hit $155m , "Restore The Republic"
- DonaldJTrumpJr was teasing at an exciting crypto announcement
- Plenty of legit people had sources saying that this was Trump's real coin
- People believe that they rugged at the last second, which has caused an outroar on the timeline
Neiro's friends
$fuku -> hit $4m , based on $neiro 's friend, kabosu family ( $doge )
$fuku -> hit $1m
$hachi -> hit $1m
- kabosumama has a new blog post
Dog Memes
$pitbull -> $400k to $1 .96m (4.9x), decent team
$pooku -> $260k to $1 .2m (4.6x)
$eggdog -> hit $8 .5m, insider
$maka -> hit $980k , cute dog
$maki -> hit $300k
Wizard meta
$lore -> hit $1 .15m
$wizcat -> hit $1 .1m, influencers backing
More Cooks
$schizo -> $95k to $2m (21x), revived after getting CTO'd
$gmblr -> hit $3m , sniped launch
$jajak -> hit $2 .83m, heavily pushed today, a lot of smart wallets aped, funny meme
$dwifkodak -> hit $1 .6m, celeb meta, pushed by KOLs
$money -> hit $1 .15m, "Just give me my money", good meme
$bif -> hit $850k , "banana wif hat"
$miy -> hit $800k , duck meme, CTO
$memest -> hit $380k , "memes street", CTO
$spurdo -> hit $370k
$bph -> hit $260k , "Blue Party Hat",
I want to see something new, something fresh that hasn't been done before
Can dev do something pls
1 month ago
Weekly Outlook Charts: August 5-9:
#DXY Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
Weekly: https://www.tradingview.co.../
Daily: Solid rejection off 106/107 level instills confidence of further downside to target.
https://www.tradingview.co.../
🎯Target at 97 remains.
Doesnt lower DXY mean gains for risk assets like crypto? Not quite..
Where I was wrong about DXY and why: Historically speaking, DXY strength correlates well with economic activity. A strong dollar is good for markets because it signals we are headed in the right direction. Economy > earnings > stock prices. However, more recently as we've seen in 2022 and 2023, a stronger dollar had a negative affect on equities - mainly risk assets such as cryptos. This was because of deleveraging of global liquidity in the form of quantitative tightening. Interest rates were climbing at a record pace to stop inflation, while making the risk free rate (bond yields) more rewarding than most high growth companies. Growing a company became much more difficult when compared to low rate environments. Good news was bad news for the market.
The market reaction of recent economic data indicates a possible turning point for bad news being bad for the market. So even though , DXY is still on track to its forecast from months prior, risk assets may not perform as expected. We must look at other factors outside of DXY strength - as I normally do - to gauge whether upside on cryptos are worth while...
Yield Curve Inversions:
For the first time since June 2022, the yield curve has hit 0%. After spending a record time inverted, there are signs the yield curve is finally re-inverting back to normal. The re-inversion usually causes the most damage to markets as a recession hits, and growth stagnates.
#US10Y
Below shows the yield curve vs the S&P 500.
https://www.tradingview.co.../
Since 1990, there has been a 4/4 probability of market declines and recession proceeding the re-inversion.
For data not shown on Tradingview, there were 2 outliers in 1980 and 1982 where the market nearly bottomed as it re-inverted (https://fred.stlouisfed.or...)
However, the last two re-inversions still had the market increase for the proceeding 24 weeks (5-6 months). This is very important information. If this cycle plays out like the last 2, the markets might still crawl higher until Jan 2025.
#US10Y
Below shows the yield curve vs gold.
https://www.tradingview.co.../
🎯Target for 3000
As the yield curve re-inverts, it presents an opportunity for safe haven assets like gold to outperform. The only outlier was 1980 and 1982 when gold had already increased 800% in the few years prior due to Fed Volcker's era of runaway inflation.
Evidenced by the inverted yield curve's track record of predicting recessions, the Sahm Rule was also triggered on Friday's unemployment data. Since 1950, the Sahm Rule was able to predict a recession 10/11 times (91% chance). Every time it did predict a recession, it did so within 4 months.
Coincidentally, This time frame fits quite nicely with the 24 weeks of upside proceeding the re-inversion before the start of a bear market
#DXY Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
Weekly: https://www.tradingview.co.../
Daily: Solid rejection off 106/107 level instills confidence of further downside to target.
https://www.tradingview.co.../
🎯Target at 97 remains.
Doesnt lower DXY mean gains for risk assets like crypto? Not quite..
Where I was wrong about DXY and why: Historically speaking, DXY strength correlates well with economic activity. A strong dollar is good for markets because it signals we are headed in the right direction. Economy > earnings > stock prices. However, more recently as we've seen in 2022 and 2023, a stronger dollar had a negative affect on equities - mainly risk assets such as cryptos. This was because of deleveraging of global liquidity in the form of quantitative tightening. Interest rates were climbing at a record pace to stop inflation, while making the risk free rate (bond yields) more rewarding than most high growth companies. Growing a company became much more difficult when compared to low rate environments. Good news was bad news for the market.
The market reaction of recent economic data indicates a possible turning point for bad news being bad for the market. So even though , DXY is still on track to its forecast from months prior, risk assets may not perform as expected. We must look at other factors outside of DXY strength - as I normally do - to gauge whether upside on cryptos are worth while...
Yield Curve Inversions:
For the first time since June 2022, the yield curve has hit 0%. After spending a record time inverted, there are signs the yield curve is finally re-inverting back to normal. The re-inversion usually causes the most damage to markets as a recession hits, and growth stagnates.
#US10Y
Below shows the yield curve vs the S&P 500.
https://www.tradingview.co.../
Since 1990, there has been a 4/4 probability of market declines and recession proceeding the re-inversion.
For data not shown on Tradingview, there were 2 outliers in 1980 and 1982 where the market nearly bottomed as it re-inverted (https://fred.stlouisfed.or...)
However, the last two re-inversions still had the market increase for the proceeding 24 weeks (5-6 months). This is very important information. If this cycle plays out like the last 2, the markets might still crawl higher until Jan 2025.
#US10Y
Below shows the yield curve vs gold.
https://www.tradingview.co.../
🎯Target for 3000
As the yield curve re-inverts, it presents an opportunity for safe haven assets like gold to outperform. The only outlier was 1980 and 1982 when gold had already increased 800% in the few years prior due to Fed Volcker's era of runaway inflation.
Evidenced by the inverted yield curve's track record of predicting recessions, the Sahm Rule was also triggered on Friday's unemployment data. Since 1950, the Sahm Rule was able to predict a recession 10/11 times (91% chance). Every time it did predict a recession, it did so within 4 months.
Coincidentally, This time frame fits quite nicely with the 24 weeks of upside proceeding the re-inversion before the start of a bear market
DXY Weekly Down for TVC:DXY by SolenyaResearch — TradingView
Despite the volatility, the weekly time frame still shows bearish divergence. Hence why i think we will still continue on the leg down to 96.9 as forecasted many months ago. Nothing has changed here.
https://www.tradingview.com/chart/DXY/LDxbqwgW-DXY-Weekly-Down/
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, 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.
2 months ago
💬 Tucker Carlson likes #Bitcoin , even though he thinks the CIA created it.
“It’s obvious that the CIA invented it, we all know that.”
he declares with a laugh during a private event organized as part of Bitcoin 2024.
“Cryptocurrencies give the average person the freedom to conduct their business without surveillance or control.”
The political commentator adds that, to live up to its potential, Bitcoin must overcome the obstacle of its adoption as a medium of exchange, and not just as a store of value. This requires convincing the general public to accept BTC payments and making the system private enough that it cannot be traced and punished for its use.
This theory by Tucker is not new: many elements leave doubt as to the possible involvement of the CIA or the NSA in the creation of Bitcoin.
“It’s obvious that the CIA invented it, we all know that.”
he declares with a laugh during a private event organized as part of Bitcoin 2024.
“Cryptocurrencies give the average person the freedom to conduct their business without surveillance or control.”
The political commentator adds that, to live up to its potential, Bitcoin must overcome the obstacle of its adoption as a medium of exchange, and not just as a store of value. This requires convincing the general public to accept BTC payments and making the system private enough that it cannot be traced and punished for its use.
This theory by Tucker is not new: many elements leave doubt as to the possible involvement of the CIA or the NSA in the creation of Bitcoin.
2 months ago
(E)
**New Frontiers of AI** - the story of Cyber, a legendary bodybuilder and master of cryptocurrencies from the cyberpunk universe. Cyber uses his skills in biochemistry and cryptography to create a revolutionary drug called "Neuromax", using artificial intelligence. This drug stimulates muscle growth and improves recovery, making it living proof of its effectiveness. By helping other athletes achieve new heights, Cyber becomes a symbol for the future where science and sports go hand in hand and technology unlocks new dimensions of human potential.
XCom
x.com/Oles67065913
Telegram
t.me/cryptomaniainvest
Warpcast
warpcast.com/~/invite-page...
Reddit
reddit.com/u/No_Advantage4...
Instagram
instagram.com/blockchain_v...
Instagram
instagram.com/oles_npc?igs...==
XCom
x.com/Oles67065913
Telegram
t.me/cryptomaniainvest
Warpcast
warpcast.com/~/invite-page...
reddit.com/u/No_Advantage4...
instagram.com/blockchain_v...
instagram.com/oles_npc?igs...==
2 months ago
Daily Memecoin Recap - July 26
$sol looks healthy, all we need is to break past $210 so we can aim for a new ATH
Hawk Tuah Comeback
$hawktuah -> $530k to $10 .17m (19.2x)
- elonmusk follows HalieyWelchX
- HawkTuah girl is attending the Bitcoin Conference in Nashville
Influencer Launch
$gyat -> hit $564k , wicked to $4 .4m, emarrbb
Landwolf Pushing
$wolf -> $52 .6m to $166m (3.15x), chart looks very good
Mumu Breaches $200m
$mumu -> $166m to $254m (1.53x)
$mimi -> hit $800k , mimi the bull, " $mumu 's wife ", CTO
Memes That Make You Lose Brain Cells (in a good way)
$brainlet -> $13 .3m to $29 .6m (2.23x), new ATH, pushed by $eth whales
$schizo -> hit $4 .9m
$sgb -> hit $1 .94m, "Screaming Gorilla Bird"
$spaz -> hit $525k , CTO
$pbjt -> hit $474k , "Peanut Butter Jelly Time"
Smoking Chicken Fish Keeps Pushing
$scf -> $35m to $85m (2.43x)
$cfsm -> $510k to $5 .15m (10.1x), Flying Spaghetti Monster, beta to $scf
$crabs -> $179k to $915k (5.11x), Smoking Crab, also a beta to $scf
- Just when you thought it was over, the smoking chicken fish shows you why it deserves more
- This thing has been all over the timeline
Zoomer Meta
$culture -> $1 .8m to $4 .75m (2.64x), "Men of Culture", CTO
$ong -> $396k to $3 .76m (9.5x), "on god"
$real -> $525k to $2 .3m (4.38x), this word is used all the time on social media
$lll -> hit $3 .1m, Live Laugh Love
$kek -> hit $1 .88m, "cult of kek"
$smh -> hit $1 .4m, "so much higher", CTO, KOLs onboard
$utility -> hit $830k , "The best utility is no utility"
$glaze -> hit $500k , slang meaning you're giving excessive praise to someone
$ticker -> hit $311k , "band 4 band"
Cat Memes
$djcat -> $300k to $5 .5m (18.3x), back from the dead, ATH is at $18m
$usdt -> $410k to $2 .73m (6.65x), tiger meme (I guess that still counts as a cat)
$smol -> $160k to $943k (5.9x), "smol cat", after months of consolidation, price exploded these past few days
$t -> hit $1 .5m, cat doing a T pose
More Cooks
$selfie -> $28m to $48m (1.7x), keeps making new ATH's after being dead for a while
$mad -> $15 .5m to $32m (2x), major come back from a low of $700k
$dollar -> $1 .8m to $5 .2m (2.88x)
$dewy -> hit $3 .28m, this meme got hella attention, ansem replied to it, dev burnt 5 figs worth
$miland -> hit $985k , "milady multiverse"
$cussy -> hit $745k , based on JDVance
$zeke -> hit $375k , cute rabbit
$mbc -> hit $300k , "Mutant Boys Club",
Matt_Furies boys club but a mutant variation
$glitched -> hit $267k
$spikey -> hit $250k , a cactus meme
Always remember to take a break & enjoy your weekend 🤝
$sol looks healthy, all we need is to break past $210 so we can aim for a new ATH
Hawk Tuah Comeback
$hawktuah -> $530k to $10 .17m (19.2x)
- elonmusk follows HalieyWelchX
- HawkTuah girl is attending the Bitcoin Conference in Nashville
Influencer Launch
$gyat -> hit $564k , wicked to $4 .4m, emarrbb
Landwolf Pushing
$wolf -> $52 .6m to $166m (3.15x), chart looks very good
Mumu Breaches $200m
$mumu -> $166m to $254m (1.53x)
$mimi -> hit $800k , mimi the bull, " $mumu 's wife ", CTO
Memes That Make You Lose Brain Cells (in a good way)
$brainlet -> $13 .3m to $29 .6m (2.23x), new ATH, pushed by $eth whales
$schizo -> hit $4 .9m
$sgb -> hit $1 .94m, "Screaming Gorilla Bird"
$spaz -> hit $525k , CTO
$pbjt -> hit $474k , "Peanut Butter Jelly Time"
Smoking Chicken Fish Keeps Pushing
$scf -> $35m to $85m (2.43x)
$cfsm -> $510k to $5 .15m (10.1x), Flying Spaghetti Monster, beta to $scf
$crabs -> $179k to $915k (5.11x), Smoking Crab, also a beta to $scf
- Just when you thought it was over, the smoking chicken fish shows you why it deserves more
- This thing has been all over the timeline
Zoomer Meta
$culture -> $1 .8m to $4 .75m (2.64x), "Men of Culture", CTO
$ong -> $396k to $3 .76m (9.5x), "on god"
$real -> $525k to $2 .3m (4.38x), this word is used all the time on social media
$lll -> hit $3 .1m, Live Laugh Love
$kek -> hit $1 .88m, "cult of kek"
$smh -> hit $1 .4m, "so much higher", CTO, KOLs onboard
$utility -> hit $830k , "The best utility is no utility"
$glaze -> hit $500k , slang meaning you're giving excessive praise to someone
$ticker -> hit $311k , "band 4 band"
Cat Memes
$djcat -> $300k to $5 .5m (18.3x), back from the dead, ATH is at $18m
$usdt -> $410k to $2 .73m (6.65x), tiger meme (I guess that still counts as a cat)
$smol -> $160k to $943k (5.9x), "smol cat", after months of consolidation, price exploded these past few days
$t -> hit $1 .5m, cat doing a T pose
More Cooks
$selfie -> $28m to $48m (1.7x), keeps making new ATH's after being dead for a while
$mad -> $15 .5m to $32m (2x), major come back from a low of $700k
$dollar -> $1 .8m to $5 .2m (2.88x)
$dewy -> hit $3 .28m, this meme got hella attention, ansem replied to it, dev burnt 5 figs worth
$miland -> hit $985k , "milady multiverse"
$cussy -> hit $745k , based on JDVance
$zeke -> hit $375k , cute rabbit
$mbc -> hit $300k , "Mutant Boys Club",
Matt_Furies boys club but a mutant variation
$glitched -> hit $267k
$spikey -> hit $250k , a cactus meme
Always remember to take a break & enjoy your weekend 🤝
2 months ago
Introducing BullPay!
👉 BullPay will be the first platform on the Solana blockchain that will allow users to buy or sell literally anything using Solana tokens.
👉 BullPay integrates easily into any platform, making it a gateway solution for token projects, traditional marketplaces, and individual sellers that wish to expand to crypto payments.
The BullPad and BullPay will be integrated into BullVerse, enabling quick access directly from the social platform and apps.
ETA: End of July - Early August
👉 BullPay will be the first platform on the Solana blockchain that will allow users to buy or sell literally anything using Solana tokens.
👉 BullPay integrates easily into any platform, making it a gateway solution for token projects, traditional marketplaces, and individual sellers that wish to expand to crypto payments.
The BullPad and BullPay will be integrated into BullVerse, enabling quick access directly from the social platform and apps.
ETA: End of July - Early August
2 months ago
How to start restaking on symbioticfi
A 101 Explainer 👇
EigenLayer changed the game by introducing the restaking primitive to the Ethereum ecosystem, yet it was only a matter of time until challengers rose up and started trying to beat EigenLayer at its own game!
The big challenger making a big splash lately is Symbiotic, a new restaking protocol that aims to offer restakers more options beyond just ETH.
What Is Symbiotic?
Launched in June 2024, Symbiotic is a shared security protocol for network builders to create and manage their own staking implementations in a permissionless fashion.
In other words, Symbiotic lets networks customize their staking processes, collateral types, node operator selection, rewards, and slashing mechanisms, all while maintaining security through non-upgradeable core contracts on Ethereum.
Notably, Symbiotic is already the second-largest restaking protocol behind only EigenLayer. Yet unlike EigenLayer, which is centered around ETH, Symbiotic offers a wide array of collateral options for more flexibility.
How Does Symbiotic Work?
Symbiotic operates through the coordination of its five main pillars. These elements are as follows:
🪙 Collateral — The onchain assets used to provide economic security in Symbiotic. These can include ERC20 tokens, Ethereum validator withdrawal credentials, and other assets across various blockchains.
🛅 Vaults — These customizable components act as Symbiotic’s delegation and restaking layer. They handle deposits, withdrawals, slashings, and reward distributions.
🦸 Operators — The entities that run infrastructure for networks, such as validators and sequencers. Operators can opt into networks and receive economic backing from restakers through vaults.
⛑️ Resolvers — These are the entities or smart contracts tasked with passing or vetoing slashing penalties incurred by operators. They ensure penalties are fairly arbitrated.
Why Symbiotic?
It makes sense that there won’t just be one winner in the restaking category. And among the field of contenders, Symbiotic currently looks like the protocol best positioned to give EigenLayer a run for its money in the months ahead.
That said, if you’re generally bullish on restaking, then Symbiotic is a project to consider because it’s early, promising, and has plenty of potential to grow with its differentiation via ERC-20 support.
Of course, a Symbiotic airdrop is also a likelihood not to be ignored. EigenLayer has $EIGEN , and it seems inevitable that the Symbiotic Points system will be used to go a similar route in facilitating an airdrop of a native token to early users. Restake now; get paid later.
Lastly, there are some interesting Symbiotic integrations live today that offer double-whammy earning opportunities. One is
mellowprotocol, a liquid restaking token (LRT) project offering Mellow Points and Symbiotic Points to users who deposit into Symbiotic through its platform.
How to Restake on Symbiotic
If you’re interested in restaking on Symbiotic, head over to https://app.symbiotic.fi/r... and connect your wallet. Note that some regions are geo-blocked from accessing the front end.
On the main “Restaking” page, you’ll see the list of vaults for offer like the one in the picture below. Note that some vaults, like the Wrapped Lido Staked Ether (wstETH) one, have currently reached their temporary deposit limits, while other vaults, e.g., Coinbase Wrapped Staked Ether (cbETH), are still open for depositors.
So let’s say you have some cbETH, and you want to start staking. Simply click on the cbETH vault, which will take you to an interface like this:
By WPeaster ✍️
A 101 Explainer 👇
EigenLayer changed the game by introducing the restaking primitive to the Ethereum ecosystem, yet it was only a matter of time until challengers rose up and started trying to beat EigenLayer at its own game!
The big challenger making a big splash lately is Symbiotic, a new restaking protocol that aims to offer restakers more options beyond just ETH.
What Is Symbiotic?
Launched in June 2024, Symbiotic is a shared security protocol for network builders to create and manage their own staking implementations in a permissionless fashion.
In other words, Symbiotic lets networks customize their staking processes, collateral types, node operator selection, rewards, and slashing mechanisms, all while maintaining security through non-upgradeable core contracts on Ethereum.
Notably, Symbiotic is already the second-largest restaking protocol behind only EigenLayer. Yet unlike EigenLayer, which is centered around ETH, Symbiotic offers a wide array of collateral options for more flexibility.
How Does Symbiotic Work?
Symbiotic operates through the coordination of its five main pillars. These elements are as follows:
🪙 Collateral — The onchain assets used to provide economic security in Symbiotic. These can include ERC20 tokens, Ethereum validator withdrawal credentials, and other assets across various blockchains.
🛅 Vaults — These customizable components act as Symbiotic’s delegation and restaking layer. They handle deposits, withdrawals, slashings, and reward distributions.
🦸 Operators — The entities that run infrastructure for networks, such as validators and sequencers. Operators can opt into networks and receive economic backing from restakers through vaults.
⛑️ Resolvers — These are the entities or smart contracts tasked with passing or vetoing slashing penalties incurred by operators. They ensure penalties are fairly arbitrated.
Why Symbiotic?
It makes sense that there won’t just be one winner in the restaking category. And among the field of contenders, Symbiotic currently looks like the protocol best positioned to give EigenLayer a run for its money in the months ahead.
That said, if you’re generally bullish on restaking, then Symbiotic is a project to consider because it’s early, promising, and has plenty of potential to grow with its differentiation via ERC-20 support.
Of course, a Symbiotic airdrop is also a likelihood not to be ignored. EigenLayer has $EIGEN , and it seems inevitable that the Symbiotic Points system will be used to go a similar route in facilitating an airdrop of a native token to early users. Restake now; get paid later.
Lastly, there are some interesting Symbiotic integrations live today that offer double-whammy earning opportunities. One is
mellowprotocol, a liquid restaking token (LRT) project offering Mellow Points and Symbiotic Points to users who deposit into Symbiotic through its platform.
How to Restake on Symbiotic
If you’re interested in restaking on Symbiotic, head over to https://app.symbiotic.fi/r... and connect your wallet. Note that some regions are geo-blocked from accessing the front end.
On the main “Restaking” page, you’ll see the list of vaults for offer like the one in the picture below. Note that some vaults, like the Wrapped Lido Staked Ether (wstETH) one, have currently reached their temporary deposit limits, while other vaults, e.g., Coinbase Wrapped Staked Ether (cbETH), are still open for depositors.
So let’s say you have some cbETH, and you want to start staking. Simply click on the cbETH vault, which will take you to an interface like this:
By WPeaster ✍️
2 months ago
IP remains stuck in an outdated legal system that makes it difficult to license, monetize, & trade effectively
That's where StoryProtocol comes in -- a new blockchain that aims to transform IP into liquid, programmable, & ownable digital assets
A 101 Explainer👇
What is Story Network?
Story Network was created specifically for bringing IP onchain, making it easier to manage and monetize.
On Story Network, IP is represented as onchain assets called IP Assets, which are NFTs. These NFTs carry detailed metadata about the underlying IP and serve as its digital representations. They can be linked to existing NFTs, e.g. a CryptoPunk, or be issued to represent offchain items.
Each IP Asset is linked to an IP Account, a specialized smart contract that manages interactions and data related to the IP.
Also at the heart of Story Network is its Proof-of-Creativity (PoC) Protocol, which facilitates the creation and management of IP Assets, enabling use cases like permissionless licensing and automated royalty payments.
Another key pillar here is the Programmable IP License (PIL), a legal framework that bridges the onchain world with traditional legal systems, ensuring that the digital representation of IP on Story Network is enforceable in the real world.
How is Story Network designed?
Story Network is a Layer 1 (L1) blockchain optimized for handling complex IP data structures efficiently that leans on elements from both the ethereum Virtual Machine (EVM) and the cosmos
SDK.
Notably, Story Network is EVM-equivalent, meaning it supports the same code execution environment as Ethereum. This compatibility allows developers to port existing applications and smart contracts written in Ethereum's popular Solidity programming language to Story Network with minimal or no changes.
Why tokenize IP on Story Network?
Tokenizing IP on Story Network offers several notable benefits:
🌊 Liquidity — IP can be traded or used as collateral, creating new financial opportunities.
🧱 Programmability — Automated actions like royalty payments can be embedded within IP NFTs, simplifying management.
🔍 Transparency — The underlying blockchain provides a clear and immutable record of IP ownership and transactions.
These are compelling pillars for content creators, but what will the actual use cases look like?
For instance, artists, musicians, writers, and beyond can register their IP as NFTs on Story Network, set licensing terms, and automate royalty payments. This makes it easier to control and monetize their work.
For developers, they can build applications that leverage tokenized IP. Think things like AI model marketplaces, content remixing platforms, and DeFi apps that use IP NFTs as collateral.
Two of the earliest app examples in the Story ecosystem are Magma and Mahojin. The former is a collaborative design tool that uses Story Network to manage and monetize creative works via NFTs, while the latter is a platform for AI training data and models.
Zooming out
How might making IP programmable and liquid influence the interaction between creators and consumers? Will tokenizing and trading IP democratize access to creative works? And how effectively can the PIL system adapt to diverse global legal landscapes, especially as AI-generated content becomes more prevalent?
The answers to these questions remain to be seen, but Story Network is diving in here in unprecedented fashion and looking to revolutionize the future of digital IP through the cryptoeconomy. As the chain evolves and gains traction, its bull case is its potential to redefine IP management to be better in line with the content challenges of the 21st century.
Can Story win out, then? We'll see, but this innovative reach into a new terrain is exciting nonetheless!
By WPeaster
That's where StoryProtocol comes in -- a new blockchain that aims to transform IP into liquid, programmable, & ownable digital assets
A 101 Explainer👇
What is Story Network?
Story Network was created specifically for bringing IP onchain, making it easier to manage and monetize.
On Story Network, IP is represented as onchain assets called IP Assets, which are NFTs. These NFTs carry detailed metadata about the underlying IP and serve as its digital representations. They can be linked to existing NFTs, e.g. a CryptoPunk, or be issued to represent offchain items.
Each IP Asset is linked to an IP Account, a specialized smart contract that manages interactions and data related to the IP.
Also at the heart of Story Network is its Proof-of-Creativity (PoC) Protocol, which facilitates the creation and management of IP Assets, enabling use cases like permissionless licensing and automated royalty payments.
Another key pillar here is the Programmable IP License (PIL), a legal framework that bridges the onchain world with traditional legal systems, ensuring that the digital representation of IP on Story Network is enforceable in the real world.
How is Story Network designed?
Story Network is a Layer 1 (L1) blockchain optimized for handling complex IP data structures efficiently that leans on elements from both the ethereum Virtual Machine (EVM) and the cosmos
SDK.
Notably, Story Network is EVM-equivalent, meaning it supports the same code execution environment as Ethereum. This compatibility allows developers to port existing applications and smart contracts written in Ethereum's popular Solidity programming language to Story Network with minimal or no changes.
Why tokenize IP on Story Network?
Tokenizing IP on Story Network offers several notable benefits:
🌊 Liquidity — IP can be traded or used as collateral, creating new financial opportunities.
🧱 Programmability — Automated actions like royalty payments can be embedded within IP NFTs, simplifying management.
🔍 Transparency — The underlying blockchain provides a clear and immutable record of IP ownership and transactions.
These are compelling pillars for content creators, but what will the actual use cases look like?
For instance, artists, musicians, writers, and beyond can register their IP as NFTs on Story Network, set licensing terms, and automate royalty payments. This makes it easier to control and monetize their work.
For developers, they can build applications that leverage tokenized IP. Think things like AI model marketplaces, content remixing platforms, and DeFi apps that use IP NFTs as collateral.
Two of the earliest app examples in the Story ecosystem are Magma and Mahojin. The former is a collaborative design tool that uses Story Network to manage and monetize creative works via NFTs, while the latter is a platform for AI training data and models.
Zooming out
How might making IP programmable and liquid influence the interaction between creators and consumers? Will tokenizing and trading IP democratize access to creative works? And how effectively can the PIL system adapt to diverse global legal landscapes, especially as AI-generated content becomes more prevalent?
The answers to these questions remain to be seen, but Story Network is diving in here in unprecedented fashion and looking to revolutionize the future of digital IP through the cryptoeconomy. As the chain evolves and gains traction, its bull case is its potential to redefine IP management to be better in line with the content challenges of the 21st century.
Can Story win out, then? We'll see, but this innovative reach into a new terrain is exciting nonetheless!
By WPeaster
