@DeepBookonSui is a decentralized central limit order book (CLOB) funded by the @SuiFoundation because it is a public good.
It offers a comprehensive solution for trading assets. It is permissionless and open-source as well as fully integrated into Sui framework.
Deepbook will accelerate the development of DeFi across Sui ecosystem by providing developers with a highly efficient, shared financial layer that is ready-built for trading fungible assets.
It takes full advantage of Sui to provide low latency and high throughput execution.
You've seen this on your timeline but you don't know what it is about? No worries, I got you!
Short Thread 👇
What is Liquid Staking
Itis a process allowing users to stake their tokens (to secure the network) and in return, they receive a 'liquid' token representing their staked amount.
This token can be traded, used as collateral, or to earn yields. It's about enhancing liquidity while still participating in network security.
ARE SUI AND CLUTCHY FAILURES? WILL HYPERSPACE SOLVE EVERYTHING?
Let's find out 🌊 (easy answer tho)
Today, we'll unravel the perplexing start of @Clutchy_io through an on-chain analysis of various launchpads/marketplaces and the NFT protocol by @Origin_Byte.
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Disclaimer: All data and analysis provided here are solely based on my observations. There might be some approximations or even mistakes. If you spot any, please correct me in the comments!
Let's kick-off by contrasting a basic launchpad with the potentialities offered by @Origin_Byte via @SuiNetwork. A standard launch process involves:
• Minting the collection
• Purchasing by participants
• Listing on secondary market
• Trading with royalties
Big news from @metaplex the backbone of Solana's NFT ecosystem. They're planning some major changes to the Token Metadata program and it is more than controversial.
Let's get right into it 🧵
➡️ The backbone of the NFT ecosystem
In the last week alone, Metaplex programs and SDKs have been downloaded more than 200k times.
And tools like the candy machine and auction house have revolutionized the Solana ecosystem. But, every hero has a flaw.
➡️ The Update
The Metaplex Foundation and the Solana Foundation have been working out a strategy for the continued development of Token Metadata - MPL's program for attaching additional metadata to tokens.
[THREAD] What the fuck is going on with NFTs on Elrond?
Thoughts of a degen/noob/solana-rekt/elrond-nfts-og/fomoer/fudder/builder/motherfucker on the Elrond NFT Market.
Get the popcorn out and sit back, this will be pure FUD.
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Let's go back in time.
Mid October I bought my first nfts on Elrond, @LightningNFT and @Gnogen emidas act 5, sold p2p on discord. Then, November the 2nd, first mint on Elrond : @ElrondPunks that I'm able to sell 10x mint price.
Man that felt good after getting rekt on Solana.
Now we fast forward to when @EGLDIsTheWay reveals his Metaverse ambitions with the Gnogencon and Gnogons collection.
Everyone is impressed and welcomes him as Elrond's conductor. Gnogen dao becomes a safe investment.