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#DeFi Daily 11/03/22
#Bitcoin pulled back on Thursday, falling by 8.54%. It found support below the key $39.5k level. Price retested the downward channel which it broke out of on Wednesday during US trading hours.
Read more: 🧵👇
#Bitcoin pulled back on Thursday, falling by 8.54%. It found support below the key $39.5k level. Price retested the downward channel which it broke out of on Wednesday during US trading hours.
Read more: 🧵👇
#Ethereum’s $ETH has hit through the trailing stop loss at $2577 yesterday afternoon. We suggest observing retest of the $2350-2550 base area + trendline since Feb 2021 on a daily chart which also serves the lower bound of the wedge.
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Yesterday, users flooded to #Fantom for the launch of @AndreCronjeTech's @solidlyexchange.
After months of skirmishes, the #veSolidWars were officially kicking off and the excitement was palpable.
Then... ALL HELL BROKE LOOSE.
My attempt at a recap. 👇🧵
After months of skirmishes, the #veSolidWars were officially kicking off and the excitement was palpable.
Then... ALL HELL BROKE LOOSE.
My attempt at a recap. 👇🧵
Quick Background
When @AndreCronjeTech announced his new AMM Solidly, he distributed ownership to the top #Fantom protocols as ranked by TVL.
This ignited a battle for control that eventually coalesced into a struggle for control between two teams: @SolidexFantom + @0xDAO_fi
When @AndreCronjeTech announced his new AMM Solidly, he distributed ownership to the top #Fantom protocols as ranked by TVL.
This ignited a battle for control that eventually coalesced into a struggle for control between two teams: @SolidexFantom + @0xDAO_fi
As the day began, we heard from the holdouts...
👉 @SpookySwap would remain neutral
👉 @SynapseProtocol would delay / go solo for now
👉 In the final minutes, @fraxfinance joined #0xDAO
That increased @0xDAO_fi's lead at 40% to @SolidexFantom's 33.7%.
Victory? Not quite.
👉 @SpookySwap would remain neutral
👉 @SynapseProtocol would delay / go solo for now
👉 In the final minutes, @fraxfinance joined #0xDAO
That increased @0xDAO_fi's lead at 40% to @SolidexFantom's 33.7%.
Victory? Not quite.
Sick of reading about real wars? You're in luck!
The war for control of @solidlyexchange (#veSolidWars) has continued to rage and I've got some big updates.
TL;DR: The next 48 hours will be huge and there are rumors of a second front soon opening. 🏔
🧵👇
The war for control of @solidlyexchange (#veSolidWars) has continued to rage and I've got some big updates.
TL;DR: The next 48 hours will be huge and there are rumors of a second front soon opening. 🏔
🧵👇
Why the next 48 hours?
👉 @solidlyexchange emissions start tomorrow
👉 Same deadline for veNFT deposits on #Solidex
👉 @SolidexFantom is expected to launch
👉 Clarity on @0xDAO_fi's launch plans coming soon
Then the battle for control of #Solidly truly begins!
👉 @solidlyexchange emissions start tomorrow
👉 Same deadline for veNFT deposits on #Solidex
👉 @SolidexFantom is expected to launch
👉 Clarity on @0xDAO_fi's launch plans coming soon
Then the battle for control of #Solidly truly begins!
So what's new?
👉 @RadialFinance confirmed solo
👉 @SushiSwap looks to be solo
👉 @SynapseProtocol has a proposal to join #0xDAO
👉 @Spirit_Swap + @fraxfinance still TBD
And all 8 veNFTs of #Solidly's early partners have just been deposited / locked, cementing the alliance.
👉 @RadialFinance confirmed solo
👉 @SushiSwap looks to be solo
👉 @SynapseProtocol has a proposal to join #0xDAO
👉 @Spirit_Swap + @fraxfinance still TBD
And all 8 veNFTs of #Solidly's early partners have just been deposited / locked, cementing the alliance.
