My Crypto Discord Weekly Round-Up #8
Crypto Media is a great source of information, it's very easily digested as it's all organised for you. Not a lot in it outside the mainstream projects though and when that information gets to you it's usually old.
Crypto Twitter is a great source of information too, but it's literally everything so the noise can often overpower any signal. Hard to identify what the people posting have to do with the projects they're talking about too.
Crypto Discords are kinda the best of both worlds. They have the structure that Crypto Twitter does not (and can never have) but go deeper then Crypto Media can (or will ever be able to). The downside is you need to actually be in the Discords to see the information.
There's a lot of interesting stuff that gets announced in Discords that I see, that others don't.
I'm sharing anything I think is particularly noteworthy for people outside of the Discords.
And quite frankly I love what these teams are doing and think it should get more airtime so I'm trying to do my bit to make that happen.
I post daily on my Solcial account (see link at the bottom of the post) and on BULB I'm doing a weekly summary of those posts in a blog post (like the one you're reading now!).
The rules I've set for myself are pretty simple:
- I only post from the official announcements channel/s in each Discord. No gated token/NFT gated channels and no discussions from the channels.
- I only post what I find interesting. Your mileage may vary. I do have a soft spot for alpha though...
- I use the same prompt each time to generate a cover image for the post: discord weekly round up
That's it. Let's get to the posts.
Beethoven X 21/07/2023
Get in line Ludwigs ...
The hottest ride in OP town is now OPEN!
Concentrated Liquidity just landed on Beethoven X!
GyroStable's E-CLPs unlock ultimate pool efficiency and present an optimal environment for LST growth on Beethoven.
Check out the first implementation on Beets - wstETH / ETH!
https://op.beets.fi/pool/0x7ca75bdea9dede97f8b13c6641b768650cb837820002000000000000000000d5
Beethoven X 22/07/2023
Optimally Boosted, and always ERNing
The OATH Foundation is harnessing balancer tech to create a scintillating new stable symphony!
Harness the power of Reaper Farm multistrats on Optimism and ensure your $USDT $USDC and $ERN are optimally put to work.
https://op.beets.fi/pool/0x7fe29a818438ed2759e30f65c2302295711d66fc0000000000000000000000e5
BONKz House 25/07/2023
I hope you’re all keeping well. I wanted to make a quick announcement on some changes we’ll be making and what you can expect from BONKz in the coming weeks/months.
With the whole of the solana community seemingly vibing after some beautiful upwards action that has been a very long time coming we wanted to also bring some of the same vibes back to BONKz. I’ve not been as active as I would like to have been here over the past couple of months since the OMNI takeover, but that is about to change and myself and the team will now be dedicating considerable bandwidth to MAKE BONKZ GREAT AGAIN.
The potential of this collection is, in my opinion, huge and at the current time massively under-utilised. At the time of mint, BONKz brought the whole of the solana community together, and that's exactly what we’re aiming to do again. Over the next couple of months we will be running various campaigns that are a net positive for solana.
50% of all previous royalties + 50% of future royalties over the next 6 months will be staked across various solana validators to help improve and secure the network, with the aim of raising awareness of the benefits that staking SOL brings to our ecosystem.
We will be aiming to cross collaborate with all of your most loved Solana projects in any way that we can. A lot of incredible projects are suffering right now in this turbulent market and we want to support them as best we can. We are stronger together.
Twitter presence and marketing will be stepping TF up.
Whale holders' free hoodies have been sent out to those that followed the instructions on the form and we’re now ready to start distributing these beauties to the rest of the community. It’s my favourite hoodie to wear right now if i’m honest, I think you’ll all be extremely happy with the quality. But initially they will not be for sale. It’s not your money we want…
Let’s bring the vibes back.
Big love,
Dank
Jones DAO 27/07/2023
The Nitro Pool for $JONES - $ETH on Camelot has been turned over
If you want to continue earning boosted rewards, you must unstake your spNFTs from the old Nitro Pool and stake into the new one.
Don't delay as new rewards are already being distributed!
Let us know if you have any questions
🔗 New Nitro Pool: https://app.camelot.exchange/nitro/0x9D14E24284503527077769157660123B2484bfFC
Jupiter Aggregator 26/07/2023
Pleased to announce that we have added Helius as one of our recommended RPC providers in our main site.
Helius is a top RPC infrastructure provider that will add a lot of value by improving the reliability of sending transactions on Jupiter.
Behind the scenes, we are also utilising Helius's RPC infrastructure into some of our essential backend services, from filling limit orders to fetching spot prices in order to enhance the overall trading experience for users on Jupiter.
Try it out and let us know what you think
Beethoven X 25/07/2023
Rise and Shine Maestros,
Welcome to another beautiful week at BEETS!
Funkadelically FRESH and always insightful, dive into the weekly Concerto Programme!
https://medium.com/@beethovenxio/concerto-programme-76-7afd216675ca
Beethoven X 27/07/2023
Smooth and soulful, this one's bound to strike a chord!
Kick back and settle in with EthosReserve, LayerZero_Labs and axelarcore in this tantalizing new Fantom stable trifecta.
A Stable Chord
https://beets.fi/pool/0x4e87cc8043ef97a21282e72ab172722634fc2127000000000000000000000766
BONKz House 27/07/2023
Gm hope you’re all keeping well.
I will be making regular weekly announcement updates every Wednesday from now on to keep you all up to date on progress and developments.
The MAKE BONKZ GREAT AGAIN campaign is off to a brilliant start. Vibes seem high across the board and we’ve already begun to engage with some of Solana’s most loved projects and communities. In market conditions like this, and with solana NFT volume at an all time low it’s never easy to keep a positive sentiment, but we’ve been shown nothing but love and that's massively down to you guys so thank you for your incredible continued support.
Yesterday we staked 25% of our treasury with The Lotus Validator and are now earning 7.5% APY on that Solana. Tomorrow we will be staking another 25% of the treasury with one of Solana’s leading protocols. Not only is this a net positive for Solana in the sense that it helps us to raise awareness of the benefits of staking, but it also helps us win back the hearts of the Solana community itself.
By this time next week our BONKz hoodie campaign will be well underway and we’ll be making even more noise across the ecosystem. I’ll be keeping the plan here under wraps until early next week but I think it should help put us truly back on the map for good.
Finally, we will be hosting a weekly BONKz twitter spaces every Thursday at 12:00 AM. I hope as many of you as possible can make it, but it will be recorded for those of you who can’t.
https://twitter.com/BonkzNFT_/status/1684224112028270596
If I can ask you guys to be as loud and vocal as possible on twitter and in discord, it’s by far the most effective way to help spread the word and it helps us out a tonne. LFB FAM !
Big love,
Dank
OATH 25/07/2023
Winding down the SpookySwap Magicat Boost component of the xBOO Balancer Vault
As the DeFi space continues to evolve, it is important for projects to adapt and focus on the ideas and platforms that are innovating and providing value to users. As such, Reaper has made the decision to wind down the SpookySwap Magicat Boost component of the xBOO Balancer Vault.
Background
The SpookySwap Magicat Boosted Vault was once a promising feature, offering Magicat owners a unique convex-layer for cats (https://docs.reaper.farm/reaper-farms/crypts/bespoke-vaults/boo-max). However, in recent times it has become an operational burden and has failed to provide a satisfactory return to users. Reaper is passionate about innovation and creating meaningful solutions in DeFi, but with the recent Fantom issues, continuing to support this feature of the vault is no longer viable.
Moving Forward
While winding down the SpookySwap Magicat Boost component may seem like a step back, it is important to focus on the bigger picture. Reaper is committed to carrying the learnings from this experience through to their next developments. By focusing on the ideas and platforms that are currently innovating in DeFi, Reaper will be able to bring more innovative vaults and strategies to users in the future. We appreciate the support of our users and look forward to continuing to provide value to the DeFi pioneers and users here.
What do I need to do with my Magicat?
Depositing new Magicats is no longer available, and current stakers are encouraged to unstake and self-manage their Magicat NFT via the SpookySwap Stake platform.
What about my BOO tokens?
The BOO component of the vault is still operational. If you only have BOO tokens and no Magicats there will be no changes required from you.
OATH 26/07/2023
tldr: follow up post will be shared as soon as we have completed the new token contracts and migration contracts. They are being worked on urgently alongside collaborations with Axelar and other bridge providers to restore a cross-chain thriving OATH ecosystem.
Announcement regarding Multichain Freeze and an OATH Token Migration
We are writing to address a recent incident that has affected the OATH ecosystem and to share crucial information regarding the next steps we are taking to protect our community.
What Happened?
On July 6th, 2023, the Multichain Bridge unexpectedly lost access to $125 million of assets, leading to the bridge being frozen. The majority of the drained tokens consisted of USDC, wBTC, and wETH. In light of this situation, we strongly advise all users to refrain from using Multichain and if you have not already, revoke any approvals related to the bridge immediately. It is important to note that the bridge is currently frozen, and there is no confirmed timeline for its resumption. Do not use Multichain for bridging.
Moving OATH Across Chains
At present, there is no direct way to bridge OATH across chains due to Multichain no longer functioning. We are actively working on implementing a new bridge solution and will announce it as soon as it is ready.
The Fate of Old OATH
On all networks except Fantom, the old OATH token will be deprecated but remain redeemable for a new OATH token at a 1:1 ratio with the exception of Optimism. This redemption process will involve a one-way wrapping, effectively burning the old OATH token upon exchange. The wrapping mechanism will be permissionless until a large majority of users have migrated, after which future requests will be handled on a case-by-case basis. This is to ensure any re-activation of the Multichain protocol won't have any effect on the new OATH token.
Treatment of bOATH
Due to the immutability of Ethos Reserve, bOATH will be handled differently in the token migration process. Until the launch of Ethos Reserve v2 (date to be determined), only Optimism will support unwrapping the new OATH for the old OATH at a 1:1 ratio. This will preserve users' ability to bridge to Optimism using the new OATH and swap to the old OATH to participate in the bOATH pool.
LP Token Migration
We will release another statement with a series of new OATH contracts. At that time, to ensure a smooth transition, users should break apart their LP (liquidity provider) tokens and migrate to the new OATH token and new LP pools as soon as possible.
The Migration Plan
To mitigate the risks stemming from its exposure to Multichain, a token migration is necessary.
A new OATH token will be deployed on all chains except Fantom as the original OATH token remains unaffected. The new OATH will be required to bridge across all chains. The old OATH will receive an updated token logo on collaborating decentralized exchanges to help make it more obvious that it is dated. No more incentives will be sent to old OATH pools, instead new liquidity options will become available for new OATH moving forward.
Since Fantom OATH is unaffected, LGE vests will function as expected. You’ll be able to simply access the new bridges once they are completed.
A more detailed how-to on how to migrate will be shared with the new contract details.
In Conclusion
We understand the concern and uncertainty this incident has caused and assure you that our contributors are working tirelessly to address the situation
OATH 27/07/2023
MultiStrategy Vaults Launch on Reaper
Hello Reapers! 🎉
We're super excited to unveil our new MultiStrategy Vaults on the Arbitrum network, a step forward following our successful launches on the Fantom and Optimism networks! These Vaults offer a wide range of high-yield farming options for blue-chip assets such as USDC, DAI, WETH, ARB, and USDT, enabling you to level up your portfolio with single-sided lending strategies.
Automation is the name of the game! Our Vaults handle the complexities of yield farming, managing, and optimizing your yields so you can sit back and watch your investments grow. And while we all know smart contracts come with risks, we've worked hard to drive those risks as low as possible. The Vaults provide a hands-off, tax-efficient autocompounding feature.
Our fee structure is simple and fair - a 10% performance fee, and only on the profits. This means we succeed when YOU succeed!
For now, the strategies employed in the Vaults are deployed to Granary.Finance, but we've designed these Vaults to be flexible. They're future-ready for potential integration with other protocols, allowing us to continually offer better risk-adjusted returns.
And let's not forget our integration with the Arbitrum network, known for its high scalability and low transaction costs. This makes us a top choice for all of you seeking high single-sided yield on your blue chip assets in the DeFi space.
https://reaper.farm/
Meta Pool 25/07/2023
We're so thrilled to announce... Our Ambassador Program is here!
Share the revolutionary power of web3, liquid staking, and beyond with the world!
This is your chance to take center stage in the future of DeFi on NEAR Protocol.
Don't let it slip away!
Let's embark on this journey together
https://form.asana.com/?k=hD17GUy54ZYPecsdMOI3DQ&d=1201967364728755
Flipside Crypto 20/07/2023
BITCOIN DATA IS HERE
BIG BIG news today @Members!!!
Flipside now has Bitcoin data
You can use this data right now
Query the data on Bitcoin blocks, transactions, inputs and outputs
Pull up the history going back to the genesis block
Produce up-to-date insights with tables refreshing every hour
Something extra for our community
This big release comes with an opportunity for you to make ! Top 3 Flipside dashboards about Bitcoin can make some dough:
Make a dashboard using this data and with “Bitcoin” or “BTC” in the title
Share it far and wide, to trend as close to the Top 8 as you can!
Top Bitcoin dashboard by trending rank is officially and will earn $1337, second place $250, third $150
Bonus: If you land up in the top 8, those rewards will add up too
The challenge ends Tuesday, July 25th
Full details on Flipside twitter
What’s next
Try out the new data, then head over to 🪙│bitcoin to share what you built and let the team know your feedback. In the coming weeks we will continue adding tables: rewards, NFTs, and more. As the data team is building the best curated Bitcoin data out there, we are excited to bring you along for the build-in-public ride!
The goodies keep on coming
Also, believe it or not, this is not the only data release this week. This GOATed data team keeps shipping. Stay tuned
Flipside Crypto 21/07/2023
Hey FS @Member s! As promised, new data for y’all keeps on coming:
Aurora is not just NEAR, it is here!
The first and only curated Aurora data is now available on Flipside 🚀🚀🚀🚀🚀
What’s included
These initial tables have real-time data on blocks, transactions, logs, and receipts.
What’s coming soonTM
In the NEAR future, look out for historical data filled to the genesis block!
Analytics challenges are coming too! You will have an opportunity to earn by analyzing Aurora data soonTM.
As always, the data team builds in public, which means that your feedback is valued and plays a huge role in making the data even better! Please share with us any feedback from your experience using new Aurora data.
Get excited with us
We are super excited for a lot of things: to enable better data-driven community insights for the Aurora ecosystem, for this big step in our growing partnership with NEAR, and to see what you all build!
And since the shipping simply does not stop around here – keep an eye on this channel for more upcoming releases
Flipside Crypto 27/07/2023
LIVEQUERY: ACCESS CRYPTO DATA IN ONE PLACE
🥁 🥁 🥁 🥁 🥁 📊 📊 📊 📊 📊
Frens and @Member s, the world of crypto data will never be the same.
LiveQuery is here, making it possible to access real-time data from any API – all while staying on one platform!!
No more switching between data providers. Mix, match, pull together data to enable the kinds of analysis you could only dream about.
What data can I query?
Your starter pack that you can query right now is made up of the largest ever network of 13 data & node providers:
QuickNode, Alchemy, Helius, Footprint, Playgrounds, StrangeLove, DappLooker, Credmark, Blockpour, BitQuery, SubQuery, Chainbase, and of course Flipside.
What data do you want?
Believe it or not, this is just the beginning! Any API can be added – and Flipside is taking your requests: http://flipsidecrypto.xyz/livequery
Dream up the coolest and most creative analysis you could pull off if you had convenient access to several APIs at once. Off-chain, sports, the Fed, AI, any data is fair game!
Pssst: this is not a hypothetical exercise. A challenge with one of the biggest grand prizes so far is in the works for next week! Make your API requests now so it’s ready to roll for you for the challenge. 👀
How to use LiveQuery
LiveQuery is free to use: http://flipsidecrypto.xyz/livequery
The docs will help you get started: https://docs.flipsidecrypto.com/live-query/get-started
Let’s gooooo 🚀 🚀 🚀 🚀 🚀
Share what you build – we are SO stoked for the limitless analytics possibilities!!
And remember to request the APIs you want and need ahead of the big competition! You can make requests now on the LiveQuery homepage: http://flipsidecrypto.xyz/livequery .
OATH 28/07/2023
In 15 minutes the old Dollar Dollar Bills pool will cease getting rewards, Beethoven has launched a new version. https://op.beets.fi/pool/0x62cf35db540152e94936de63efc90d880d4e241b0000000000000
000000000ef
These pools feature rf-USDC & rf-USDT, if you haven't heard of these before read on, bb-rfUSDC/T is a linear pool token. A linear pool is a unique pool type. It hosts a token and an interest-bearing version of the same token that generates interest via utilizing another yield-generating protocol. rf-USDC is the interest-bearing version of USDC. A portion of the USDC in the pool has been wrapped and deposited into the multi-strategy vault on Reaper Farm. This unique mechanism routes a portion of the underlying USDC to multiple different lending markets to unlock an additional source of yield for Liquidity Providers.
This means when you supply in Dollar Dollar Bills the effects are felt across Ethos & Reaper, multiplying the network effect and efficiency of these emissions.
Happy farming!
Marinade 29/07/2023
The case for automated staking with Marinade
Now that Marinade has its Native product live, we created an in-depth case study on why stakers can benefit from an automated delegation strategy,
And this delegation is the same, whether you choose to use mSOL or Native!
There is some exclusive data in the study about how Marinade has outperformed the Solana validator average, how Marinade is always staking to the best validators, and is looking out for "commission ruggers", forked validators, poor servers (Hetzner) and those who with extended offline time.
Check it out and share with your staking friends! https://marinade.finance/blog/case-for-solana-automated-staking-marinade/
Mummy Finance 26/07/2023
Discover the exciting first-time rewards for Mummy V2 on Fantom, Optimism, and in addition to Arbitrum . Over the past 7 days, we've collected a total of 7,100 FTM and 15.1 ETH. Check out the rewards breakdown below:
💙 On Fantom:
MLP: 4,260 $FTM
MMY/esMMY: 2,130 $FTM
NFT: 400 $FTM
❤️ On Optimism:
MLP: 9.03 $ETH
MMY/esMMY: 2.58 $ETH
NFT: 1 $ETH
💙, 🧡 On Arbitrum:
MLP: 1.54 $ETH
MMY/esMMY: 0.44 $ETH
We understand that recent updates may not fully satisfy all users, but we made these changes reluctantly to address the current situation and ensure the safety and sustainability of our protocol. We apologize for any inconvenience and sincerely appreciate your continued support during these challenging times. Thank you!
If you're currently staking your assets on V1 (https://legacy.mummy.finance/#/), please consider transferring to V2 (https://www.mummy.finance/#/) to continue earning Real Yield!
Mummy Finance 26/07/2023
📢 Important Announcement!
Attention all esMMY holders on Fantom who are currently vesting in V1! We want to inform you about an upcoming change that will impact your MMY holdings. Today marks the final day for topping up MMY in the vester contract. Moving forward, we are implementing a 7-day withdrawing period for vesting esMMY in V1.
Here's what you need to know:
⏰ Withdrawing Period: 4 AM July 26 ~ 4 AM August 2 (UTC)
Starting from today, you will have a 7-day window to claim your MMY and transfer your esMMY to stake in V2. This is crucial as it will enable you to continue earning more new esMMY, which can be vested in V2, along with FTM.
After the 7-day period, we regret to inform you that we will no longer support vesting vault V1. To avoid any inconvenience, please make sure to claim your vested MMY and withdraw your vesting esMMY within the specified timeframe.
We acknowledge that these adjustments might have been received with hesitation. We want to express our sincere apologies for any inconvenience this may have caused you. We want to assure you that it was driven by a necessity to address the evolving situation and improve the overall stability and sustainability of the Mummy ecosystem.
We apologize for any unwillingness you may have experienced while navigating these changes. We greatly appreciate your understanding and continued support as we work together to create a sustainable and prosperous future for all Mummies.
