TokenInsight Daily #CryptoNews ๐ฐ Recap, Feb 15th
1/ ๐ต๐๐๐ ๐ซ๐๐๐ ๐ซ๐๐๐๐ @blur_io launched its long-awaited $BLUR airdrop and aim to establish decentralized governance for the Blur marketplace and to compete with rivals like OpenSea. This airdrop is the largest one in the NFT ecosystem since early last year.
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The token experienced high volatility and the price drop over 80% from the initial high of $5, the current market activity indicates that the fully diluted market cap of $BLUR is approximately $2.2 billion USD.
1.2/
However, $BLUR looks not that expensive in comparison to competitors when taking into account valuation ratios such as FDV / Volume or FDV / Users.
According to data from @korpi87, both FDV/Volume and FDV/Users for Blur is smaller than sudoswap and looksrare.
3/ ๐ถ๐๐๐๐๐๐๏ธ
โข Way Network to Help Algorithmic Stable Currency Projects Become zkOmnichain Stablecoins.
โข Proposal to Enable $SUDO Transferability Will Be Voted Again After First Proposal Fails to Pass Quorum.
โข Coinbase to List Access Protocol ($ACS).
3.1/
โข Eligible OKX Customers Impacted by $BLUR Deposit Delays Will Receive up to 500 $OKB
โข Final Fantasy Maker Square Enix to Launch NFT Game on Polygon
โข Abu Dhabi Commits Over $2 Billion to Fund Web3 Startups.
TokenInsight Daily #CryptoNews ๐ฐ Recap, Feb 16th
1/ ๐ต๐๐๐ ๐ซ๐๐๐ ๐ซ๐๐๐๐
HK's plan to become a crypto hub by officially legalizing crypto trading has led to a surge in crypto markets, amidst the US regulators' war on crypto. This move is expected to make it easier for money from China to flow into digital assets.
1.1/
Crypto experts have commented on the bullishness of this development, with predictions of an emerging Asian stablecoin and a shift away from U.S. dollar.
I/ @CamelotDEX is a DEX built on Arbitrum. It has developed a set of customizable liquidity infrastructures, designed to provide more liquidity and composability to Arbitrum. In addition, Camelot also contains a Launchpad that helps Arbitrum projects to conduct token public sales
In this thread, we'll cover 5 project categories๐
1/ Vaults, the biggest category with most projects. 2/ Lending, enabling degens to borrow against their GLP holdings and add leverage to their yield farming.
3/ Options 4/ Social Trading 5/ Others
1.1/ @MIM_Spell
Abracadabra is the largest auto-compounding GLP farm with a TVL of $15.47 million. With magicGLP, the ETH yield generated is automatically reinvested into magicGLP, which maximizes returns. The value of magicGLP will increase over time due to the auto-compound.
1/
The graph shows the tokens with a trading volume of more than $1.3m in the past 24 hours, their overall price changes, as well as the corresponding community info.
2/ Most of the projects were launched on @ethereum and @BNBCHAIN, with #DeFi, #Meme and #NFT as the main fields. Although more than 30 new DeFi-related tokens were listed, most of them performed average. The ones with the most heat are in NFT and #Game. #AI is still hot as well.
TokenInsight Daily #CryptoNews ๐ฐ Recap, Feb 14th
1/ ๐ต๐๐๐ ๐ซ๐๐๐ ๐ซ๐๐๐๐
The collapse of Terra's UST has impacted the decentralized stablecoin ecosystem, but $DAI, $FRAX, $LUSD, and sUSD have survived the volatile period. Newer upcoming Aave's $GHO and Curve's crvUSD have introduced innovation in the space.
1.1/
$DAI is the most established and widely used decentralized stablecoin. $DAI has shifted its focus to generating revenue from RWAs (real-world assets).
In this ๐งต๐we will walk you through:
how an imbalance between longs/shorts in a bull market will reduce GLP returns, decrease GLP AUM and liquidity, and trigger a death spiral. #CryptoResearch
2/
In a bull market, GMX shorts not only do not receive funding fees but also have to pay borrowing fees.
As a result, GMX will be 95%+ long in a bull, as evidenced by OI between 2021-9-1 and 2021-11-10.
3/ GLP was losing money to traders during that period as well.