Are you deriving max value from your collateral while borrowing 70 cents from a 1$?

Capital underutilization is a major problem in DeFi

Capital remains idle instead of being productive

Boost your yield by utilizing your idle assets with @PinjamLabs

Let's see how

✍️ 🧵 👇🏽

Problems

🚩 Low Lending Yields
- Yield on deposits comes from borrowed capital
- More borrowed capital -> higher interest rate for lenders
- Low borrowing -> low yield (idle liquidity)

🚩 Over-Collateralization
- Loans are over-collateralized
- Leads to idle funds in the pool


Pinjam Way 💧💹

‣  Provides a stable source of yield consistently to lenders even during low borrowing demand
Result: Higher Yield through borrowing + farming rewards

‣ Utilizes the over-collateralized portion of the deposited funds
Result: No idle liquidity

How? 🌐⚡️

‣ Combine pooled lending & protocol-to-protocol interactions on a single platform

‣ Lend underutilized funds to base layer protocols (Aave) & low impermanent loss AMMs (Curve) to ensure max productivity of lenders' capital with minimal risk


Yield Flywheel

- Utilizing idle liquidity leads to higher yields

- Higher yields attract more lenders

- More lenders imply more liquidity

- More liquidity results in reduced borrowing rates

- Reduced borrowing rates attract more borrowers

- More borrowers lead to  ⬆️ yield

Can Pinjam be KAVA's liquidity powerhouse?

- Resolves DeFi's long-troubled liquidity fragmentation problems

- Provides higher Yield (borrowing + farming rewards)

- Reduces borrowing costs

- Leads to lower slippage

- Lends unborrowed liquidity to blue-chip protocols (reduced risk)

- Enhances capital efficiency by addressing the issue of wasted liquidity through 100% capital utilization

- Relationship complementary with other base lending protocols

- Drives holistic growth

The next wave of DeFi's growth whether centered around innovations built on existing models or entirely new solutions will have to provide long-term value

And, projects would need to build efficient flywheels that generate long-term value

Disclosure: This thread is written for Pinjam's thread giveaway

Tagging @thedefiedge @rektdiomedes @CryptoGirlNova for being great at what they do!

Maximizing Collateral Value in DeFi with PinjamLabs

This heartfelt plea serves as a call to action for friends, guides, and fellow champions of the Web3 space

An impassioned request for support and amplification, hoping that someone with a larger audience will lend their voice and ask the critical questions that must be addressed

@thedefiedge @sandeepnailwal  @0xPolygonLabs @zachxbt @packyM @banklessDAO @BanklessHQ @bantg @Mudit__Gupta  @RektHQ  @phtevenstrong @FatManTerra

Your voice has the potential to reach wider audiences, raise awareness, and ignite the necessary conversations that will drive change

By uniting our voices and pushing for transparency, we can shed light on the concerns surrounding Ovix

@0xCygaar @milesdeutscher  @CroissantEth @NFT_GOD @rektdiomedes @OlimpioCrypto @TheDeFISaint @crypthoem @TheDeFinvestor @ThorHartvigsen @ViktorDefi @DefiIgnas @Dynamo_Patrick

The lack of accountability in DeFi is deeply troubling

Protocols/teams often go unchecked for their actions and wrongdoings

It is disheartening to witness this recurring pattern without any means of holding them accountable or providing necessary remedies

There are teams and builders operating with dishonest intentions, seeking to exploit and take advantage of users while evading accountability

This cycle of unethical behavior perpetuates as they move from one exploit or failed endeavor to another

I want to shed light on the recent 0vix protocol hack that resulted in a substantial loss of approx $4.3 mil

It is crucial to begin addressing these issues one step at a time to establish a precedent & bring attention to the matter to mobilize a stronger collective voice

It is concerning to note that 0vix used an unreviewed Oracle code which was previously deployed for vGHST's use on Qidao

The hacker exploited the pricing mechanism for vGHST-GHST as the oracle was susceptible to donation-based price manipulation

https://0vixprotocol.medium.com/0vix-exploit-post-mortem-15c882dcf479

Before delving into the details, I want to draw attention to another project called @GOGO_coin

Conversations with affected GOGO users reveal a concerning lack of transparency and accountability displayed by the team

This context is important for understanding the broader issue

The involvement of the same individuals in both GOGO & 0vix raises significant concerns about their intentions

It is alarming to see a similar pattern where the protocol is now urging the community to transition into a DAO to shift responsibility away from the protocol itself

The silence and lack of communication on the concerning issues at hand have raised suspicions about the motives of the team

The team's reluctance to provide timely and transparent information has left users questioning the integrity of the project

No disclosure of Ongoing Investigation

Team has been reluctant to provide details about the ongoing legal investigations

It is rather unusual for a legitimate protocol to withhold information for such an extended period

Reason cited - Risk of compromising the investigation



Request for Nationalities

The request for community members to disclose their nationalities raises suspicions about the underlying motive

It appears to be an attempt to assess the likelihood of users uniting for legal action rather than genuinely addressing the issues at hand

Legal Setup & DAO Narrative

A recent update to the protocol's docs regarding a legal setup has raised concerns about its intention to potentially shift responsibility onto the community

It is meant to involve them in a situation they did not choose to be a part of

By establishing a DAO, it appears that the protocol aims to protect its own interests rather than prioritize the well-being and rights of the users

Voting Mechanism Issues

Team's decision to use pre-mined Vix tokens for voting despite concerns raised by users regarding fairness shows a clear disregard for the community

Differentiating users based on deposit timing rather than considering their financial loss is unjust

Using premined VIX gives voting rights to individuals who have used OVIX in the past but may no longer hold a stake

It gives them a say about the disposal of the recovered funds

This raises doubts about the intentions of the OVIX team and their commitment to fair governance

Not to mention aimed at collective complicity that benefits the OVIX protocol

And a proposal is already up based on VIX voting power

Rushed Proposal

Timing & duration chosen for the proposal over a weekend/48 hrs is a deliberate attempt to minimize confrontation and dissent

Selecting a time when users are likely to be less active or unavailable

Meant to hinder meaningful participation and open discussion

While the vote aims to reset the attacker's account and is not inherently harmful, it establishes a precedent for using VIX tokens for voting

Concerns of Censorship and Skepticism Towards 0vix's Intentions

Time-banning users who express factual information reveal a lack of empathy & openness to criticism

A culture of censorship raises concerns about suppressing dissenting voices and hindering constructive discussions

Recent addition of a new moderator with a legal background, along with other actions, deepens the skepticism surrounding the intentions

Are these decisions truly focused on transparency and accountability or strategic maneuvers to shield the protocol from legal consequences?

Aavegotchi DAO Proposal

@aavegotchi holds approximately 978K GHST from the hack & is committed to returning these funds

It is important for the A/DAO to remain vigilant and discern the true nature of 0vix

Affected users must ensure that these funds are returned to them

0vix protocol appears to be aimed at consolidating control over the protocol and influencing the outcome of the funds

Collective action and concerted efforts are necessary to ensure that these funds are returned to the community rather than being retained by the 0vix

The lack of transparency and accountability demonstrated by 0vix and such projects in DeFi poses significant challenges

And it needs to be highlighted

It is imperative for the communities to gather together and demand increased accountability, transparency, and fair governance

I end this with the same plea request for you to support us

- We can make a difference

- We can ignite the change we seek

Please keep tagging all those who you think can support
Thank you!

Ovix Hack -A Call to Action for Web3 Advocates

Pika Protocol is all set to launch its token PIKA

While most of the spotlight in the past has been on GMX, derivative protocols like Kwenta & Pika on Optimism have been slowly innovating and building to offer a great trading experience

It's time we visit @PikaProtocol 🔥

🚀 Supercharge your crypto trading with Pika 💰

- Get up to 100x leverage
- Seamless token swaps
- Low gas fees (Optimism)
- Low slippage

@PikaProtocol goes beyond Web3, tapping into non-Web3 assets
HOLA forex pairs👋

/1

💡More about Pika

- First perpetual swap exchange on Optimism in beta (2021)

- Been in development for over 2 years (Pika v0 to Pika v3)

- Community-driven project

- ZERO VC involvement

- 280K+ users, $15M TVL, and $1.5B trading volume! 🌐💪

/2

🌟Introducing PIKA - the utility token of the Protocol🌟

Stake PIKA
- to access 30% of platform trading fees
- to get trading fee discounts

That's not all... PIKA is also set to become the gas token of the future PIKA Chain on OP Stack!

/3

esPIKA - Escrow PIKA

- Non-transferable token

- Can be vested for 1 year to unlock PIKA

- 🔒 90% fee for vesting PIKA (linearly decaying to 0)

- After 1 year, esPIKA will be converted to PIKA at 1:1 ratio

/4

💰 Supply breakdown

• TGE 19% (19m) of total supply (100m)

• Platform rewards 30% (esPIKA over 3 years)

• Growth fund 20% (liquidity, operations, grants, etc.)

• Core contributors & advisors 20% (🔒linearly over 2 years)

• Retroactive & future airdrops 11% (esPIKA)

/5

💥 TGE on May 23 @ 14:00 UTC💥

📅 May 23 to May 26
⏰ 4 days
⛓️ Optimism
💰 Accepted deposit: ETH
🔒 100% unlocked tokens
🎁 Whitelist phase, public phase, and claim phase!

📣✨ Spread the word and earn a 2% ETH bonus on referrals!

/6

Take note

- There is NO VESTING period!
100% unlocked, ensuring instant access to the benefits

- Token liquidity matters! 700 ETH raised will be added to Uniswap to boost PIKA liquidity

- Ungenerated tokens will go to the treasury growth fund for future liquidity purposes

/7

This one is for the Pika community!

📢 Calling all users & contributors! 📢

🔗 Check out this link for the whitelist addresses & allocation amount

/8

https://raw.githubusercontent.com/PikaProtocol/PikaTGEWhitelist/master/TGEWhitelist?token=GHSAT0AAAAAABS33UNNEJLQDCSJRANVOW22ZDDQGUA

🔮 Pika Future Plans (next 18 months)

- Pika v4 launching next month!
- NFT perp exchange
- Pika v5
- Launch of Pika Chain on OP Stack

Stay tuned for more updates on these advancements! 💥

/9

Twitter: @PikaProtocol
Discord http://discord.gg/R4CG94ZVYm


Pika Protocol Launches Token PIKA for Supercharging Crypto Trading

🔮 Let's dive into the enchanting world of Ethereum!

And discover the secrets of the Ethereum Virtual Machine (EVM), a magical brain that brings smart contracts to life

Gas, bytecode, stack, and memory—unravel the mysteries of this captivating realm where code wields its powers

📚 TL;DR

EVM is our friendly robot with a giant brain

It helps smart contracts (magical agreements) to work correctly within a defined set of rules and commands

EVM uses "gas" as energy to perform tasks ...

/1

...

It has a special stack and memory to solve problems and remember things

Magical agreements are divided into small units called Bytecodes

Each bytecode is a specific operation or command to fulfill

Let us hear this story of how the EVM brings Ethereum to life!

/2

In the world of Ethereum lives a robot with a giant brain called the Ethereum Virtual Machine (EVM)

Entrusted with the job of making sure that all the little programs, called smart contracts, could do their tasks correctly

/3

Smart contracts are agreements that are written using a magical language called Solidity

EVM reads and understands these smart contracts

To do its job, the robot needs energy which is called the "gas"

Each task that it performs costs some gas

/4

Just like in our world, some tasks are easy, and some are difficult

EVM uses gas to measure how hard a task is

The harder the task, the more gas it needs

Think of it like a game where you spend energy points to do different activities

/5

When someone wants to use a smart contract, they send a message to the EVM

It receives this message, reads the smart contract, and starts working

And follows all the instructions in the contract step by step

/6

Bytecode

Smart contracts are written in a code that only EVM understands

Tiny instructions that tell it what to do - called the bytecode

Each specific operation or command is the opcode

EVM processes these - one by one

/7

Stack

A special place where EVM puts and takes out pieces of information

Exactly like a stack of blocks where it can easily access the top block

It uses the stack to remember things and solve problems

/8

Memory

Sometimes, it needs more space to remember things

More like a whiteboard where it can write down temporary information and access information while it's working during the execution of smart contracts

Memory is temporary and cleared after contract execution

/9

Storage

Unlike memory which is temporary, EVM has a storage vault where it can store and retrieve data for each smart contract

It ensures the persistence and integrity of the data on the blockchain & helps smart contracts remember things even when the magical world changes

/10

Gas Optimization

A smart contract has to be efficient by using as little energy (gas)

People who write smart contracts try to make them efficient so that EVM can work faster and save energy

It is done by simplifying code, optimizing storage, and making tasks easier

/11

EVM is always evolving

Smart people are constantly working to make it even better, faster, and more secure

They want the magic world of Ethereum to be a wonderful place for everyone

/12

And that's the story of the Ethereum Virtual Machine (EVM)

It's a powerful robot that brings smart contracts to life in the magical world of Ethereum

Stay curious, and remember to keep exploring!

/13

For a little more technical post, feel free to give this article a read

If you have found it helpful, please consider following and spreading the word through a retweet

After all, we write for you (without U, there is no us)

https://medium.com/@everythingblockchain/a-deep-dive-into-the-ethereum-virtual-machine-part-i-eb0c2eb4f8f3

/14

Discovering Ethereum's Virtual Brain - The EVM

Do you think your data assertions are secure?

Are you confident of your truth?

Maybe 🤔
Maybe not 👎
Don't know 🤷‍♀️
What is that ❓

Come join us tomorrow to see how we safeguard the truth at @UMAprotocol


UMA's OOv3
Truth is the key
For all to see,
Oracle of certainty, for you and me

True or false, with a bond pretty strong,
Disputers ensure the data's not wrong
Come on lad, dispute if unsure,
OOv3 will be the cure

Join us tomorrow

Place - UMA server

Time - Around 2:30 - 3:00 pm UTC

Bait - Prizes, Poker, and other fun games

Real Value - Truth, OOv3 & different use cases

After all, Truth Matters! 🤓

https://discord.gg/MWSpgtVh

Safeguarding the Truth with UMAprotocol's OOv3

Making mistakes is inevitable, but learning from them is a choice

It is not only a sign of wisdom but also a powerful tool for personal growth and success

Join me in this ✍️ as I share one such mistake so that you can avoid similar mistakes


DeFi & Web3 offer incredible opportunities, but with great opportunities comes FOMO

As these ecosystems are still in their infancy, research is vital to avoid costly mistakes

Let's see how I lost out paying an APY upwards of 15 percent to borrow Stables

/1

@SturdyFinance is a lending/borrowing protocol

‣ It offers interest-free borrowing and high-yield lending

‣ Enables yield farming with up to 10x leverage

‣ Borrowers achieve high leverage on their stablecoin or ETH yields with minimal liquidation risk

/2

Strategy keeps the liquidation risk low by allowing users to borrow "like against like" (stablecoins against interest-bearing stablecoin-denominated assets like Convex LP tokens)

As an early user, I was rather focused on securing an interest-free loan

/3

Interest-free loans (except where a reserve's utilization is > 80%)

Borrowers only pay interest when the reserve utilization is > 80%

Utilization rates > 80% trigger interest rates that increase by 3% for every additional percent

At 100% utilization, borrowers pay 60% APR

/4

Borrowing

Borrowers on Sturdy use interest-bearing staked assets as collateral

Yield from the borrowers’ interest-bearing tokens is harvested and used to pay interest to lenders

It also uses Lido's stETH as collateral

/5

stETH (Staked ETH)

@LidoFinance is a liquid staking solution

It lets users stake their ETH - without locking tokens

stETH is liquid, allowing users to participate in other on-chain activities like lending

Users earn roughly about 4% APY (atm) by just holding stETH

/6

Borrowing Stables on Sturdy using stETH/ibTokens ❓

‣ Using stETH as collateral means forfeiting the 4% APY

‣ Plus, if the utilization of the stable pool exceeds 80%, you'll be paying interest on your borrowed position

This is exactly what I did!

/7

Eight months ago ⏳

Deposited 7 stETH as collateral to borrow 4500 DAI

Closed my position recently & paid back 4572 DAI

Interest = 72 DAI (APY of 2.4%)

Plus,

Lost out on stETH staking rewards

4% APY = 0.186 stETH = 390 DAI (roughly at the CMP)

/8

While Sturdy has some great options to max leverage the yield, borrowing stables against the interest-bearing is not a wise choice

An option to use stETH

- Wrap stETH to wstETH

- Use it to borrow stables

- Transfer wstETH to other L2s to borrow (low gas)

/9

Some DeFi Lessons ⚠️

‣ Do not FOMO into a project just because (Be patient and take your time)

‣ Read the docs carefully (easier said than done) - DYOR 📜

‣ Drop in the discord and ask questions

‣ Remember there are always better ways of doing things



Learning from Mistakes in DeFi & Web3

GM Fellow Traders 🌞

Got some great news👇

$KWENTA rewards are live for non-stakers as well

For stakers like myself, read along to pump your returns!

So without further ado, let's learn how to earn escrowed $KWENTA

KIP-70

Deal: Everyone who trades on @Kwenta_io will earn escrowed $KWENTA as reward

Time: April 12th 0:00 UTC to April 26th 0:00 UTC (It has already begun)

Pool: 5% of all inflationary rewards

Earning Rewards

✅ All traders are eligible for 5% of all inflationary rewards (earned from paying trading fees)

✅ All trades placed on https://www.kwenta.eth.limo or https://www.kwenta.io qualify


Pump Rewards

✅ Pay additional fees by trading larger volume or on markets with higher fees
(⬆️ volume you trade, ⬆️💰 your share)

✅ Stake $KWENTA/increase staked amount
(⬆️ you stake, ⬆️💰 you make)

Tip: Use both methods to scale your trading rewards allocation

Note-

No cool down period for unstaking

No market exposure/additional risks

Stake rewards unless you want to sell/transfer your $KWENTA

Escrowed $KWENTA earns rewards at the same rate as liquid $KWENTA

How to Claim?

Trading rewards are calculated & claimable at the end of each epoch (check trading rewards page)

While rewards do not expire, you must claim in order to stake

Claimed rewards are escrowed and follow the same unlocking schedule (per docs detailed schedule soon)


For all the details, check out theblog 👇

https://mirror.xyz/kwenta.eth/7k-5UYXXcCNJ_DRRWvYBsK5zDm5UA945My4QrInhxoI

Or join the #KWENTA Community and shoot your questions

https://discord.gg/kwentaio


Earn Escrowed $KWENTA on Kwenta Trading Platform Now!

On Mar 17, around 5,000 users deposited > 536 ETH using the zkSync bridge

No of addresses bridging to zkSync has ⬆️ significantly

All this in anticipation of an airdrop

 🪂 is speculative but it won't hurt to follow these steps 🧵👇

Dropping the latest alpha! Catch the ride


zkSync

- Zero Knowledge scaling solution on Ethereum
- Provides scalable and low-cost transactions
- Maintains the security and finality of ETH
- Censorship resistant
- Allows for seamless transfers b/w L1/L2

/1

FYI, zkSync has raised a staggering $458 million from Tier 1 VCs that include @coinbase @a16z @ethereum

For perspective
Arbitrum $120M vs. zkSync $458M

It is the most active zk rollup (Daily Active Users & Total Unique Addresses)

/2

Disclaimer!

Steps don't guarantee an airdrop; it just enhances your chances

While farming is fun, make sure to interact with diff protocols & enjoy the process - https://ecosystem.zksync.io/

No. of wallets bridged to #ARB before snapshot - 2M+
Eligible wallets - 600k

/3

First things first

zkSync 1.0
- Launched June 20
- Does not support smart contracts
- Rebranded to zkSync Lite Feb 23

zkSync 2.0
- Launched on “baby-alpha" Oct 22
- EVM compatibility & smart contract support
- Rebranded to zkSync Era Feb 23
- Mainnet Launch 24th March 23

/4

Without further ado, let's proceed with the steps

Interactions on zkSync Lite

Bridge to zkSync 1.0
This step could also be criteria (like Arb Nova)

- Mint NFT
- Make swaps
@ZigZagExchange - http://trade.zigzag.exchange
Transfer > 0.1 ETH

/5

Interactions on zkSync Era

Step 1
Bridge ETH, USDC, any other supported coin
via
Official Bridge https://bridge.zksync.io

Other options
- @layerswap

- @Orbiter_Finance
Using it will make you eligible for its speculative airdrop

/6

https://twitter.com/zksync/status/1639251218349576192?s=20

Don't forget about @argentHQ

- No token yet
- Smart, secure wallet with a beginner-friendly interface
- Might have an airdrop; who knows?

Only supports LITE atm

ERA should happen soon

/7

Step 2

Swapping/Trading on apps
- @mute_io
- @spacefi_io

‣  Swap tokens
‣  Provide liquidity
‣  Repeat swaps weekly/monthly

/8

@syncswap

Why?
- Leading DEX on Era
- No token yet, but SYNC confirmed

Activities
- 3-5 swaps weekly
- Deposit liquidity ETH/USDC pool/ other pools
- Participate in https://galxe.com/SyncSwap/campaign/GCd81U1awt

/9

- @velocorexyz - First ve(3,3) DEX on @zksync

- @GemSwap_ZKS - DEX, Launchpad, NFT marketplace

- @OnchainTrade - Onchain money market & DEX

- @kreatorland - Click-Launch-Mint NFTs

- @MESprotocol - A Cross-Rollup Orderbook DEX

Just launched today

/10

https://twitter.com/MESprotocol/status/1645773802620735488?s=20

Step 3

@MintSquareNFT - Mint/Trade an NFT
Folks are flipping NFTs

Trending collections -
@zkApesNFT
@ZkAnimals
@ZksyncRock
@era_domain
@zknsdomains
@zkboredapes
@Zkalien
 @zk_launch

Feel free to mint an NFT from my experimental FREE collection
https://omnisea.org/9168104568945

/11

Step 4

- @NexonFi  (Low Risk & Capital Efficient Lending Protocol)
‣ Provide liquidity

- @Goal3_xyz (Decentralized Sportsbook)
‣ Participate in ongoing lockdrop (till 04/16/2023 12:00 UTC)
Invite-only lockdrop

Invite code - 0x48c7e0db3dad3fe4eb0513b86fe5c38ebb4e0f91

/12

- @UniDexFinance (Perpetuals, Liquidity)

‣ Trade Perps
‣‣ Or simply provide Liquidity (An APY of about 60% on USDC atm)

- @DeriProtocol Decentralized derivatives protocol

/13

Ongoing/Upcoming Sale/Raise/IDO

- @ko___one - Upcoming IDO (in <18 hrs)

- @SyncDex_Finance - Ongoing private sale
Public sale to follow

- @SharksZk - 10,000 unique NFTs (Promise of an airdrop for @JawSwap)

/14

Step 5 (Try Testnets)

- @ZKEX_Official - Multi-chain Orderbook DEX

- @ZKasino_io - Decentralized betting platform

- @ZkSyncHero - P2E game

- @derivio_xyz - Institutional-grade structured derivatives ecosystem (Perps, Options, Spot)

/15

Step 6 (Keep monitoring the ecosystem)

Some picks -

- @IncrementHQ - Perpetual Swaps

- @fringefinance - A lending market with their own stablecoin

- @Zolidly_Finance - Solidly ve(3,3) fork

- @JawSwap - DEX

https://ecosystem.zksync.io/

/16

zkSync Bridge Usage Spikes Ahead of Airdrop

💎 Starknet: a permission-free, decentralized ZK-Rollup on Ethereum

💰 Rewards: Possible $1-$10k Airdrop

L2 airdrops tend to be MASSIVE! Want to cash in?
No reason not to 🤔

Here's a full guide on how to engage with @Starknet👇🏻

StarkNet
- L2 scaling solution for Ethereum
- Uses STARK proofs for validation
- Reduces load on @ethereum

Check out the ecosystem - starknet-ecosystem.com

/1

Battle-tested tech ~ STARK Proofs

- Cumulative Trading of nearly $1B
- Total no of txs over 380M
- NFTs minted 101M

@StarkWareLtd has raised around 300M from investors, including @Sequoia @coinbase @A16z

/2

FYI, the Starknet token has already been deployed! ✅

However, the airdrop isn't confirmed ⏳

Everything being said is purely speculative!

9% of the tokens have been allocated to the community

So without further ado, let's dive into the steps for ensuring eligibility!

/3


Mainnet Actions

Step 1

First up, you need a dedicated wallet for the network
- @myBraavos
- @argentHQ

Now power that wallet & bridge funds to #Starknet

/4

Step 2

Go to: starkgate.starknet.io
or
Opt for http://orbiter.finance

Tip -
Use both
Recommend bridging ETH as you'll need it for Gas
Bridge > 0.1 ETH

Bonus -
Use the swap function on ArgentX/Braavos to swap $ETH
Might make you eligible for their airdrop (No token yet)

/5


Step 3

Interact with AMMs on Starknet

- @mySwapxyz
- @10KSwap
- @JediSwap ( ❤️ UI)
- @SithSwap

Connect your wallet, Swap + Add Liquidity

Perform swaps on each of the above (No Token yet)
The more the activity, the better!

/6

Step 4

- @MintSquareNFT
Mint an NFT (pretty cheap)
or
Trade an NFT (Mainnet + Testnet)

- @aspectdotco
Buy/Sell NFT
Buy your MInted NFT (if you can't find anything else)

/7

Step 5

This one is unique!

@briqNFT - The NFT building protocol
It allows you to build NFTs from virtual bricks and mint them on-chain

Check it out https://briq.construction/

/8

Step 6

Claim your domain on @Starknet_id
It's like ENS on Ethereum

https://app.starknet.id

PS - #StarknetID is integrated with Braavos, so you can use your Domain to send and receive funds

/9

Step 7

@nostrafinance - Liquidity layer of StarkNet
https://alpha.nostra.finance/

- Connect your wallet
- Deposit to earn yield or lend/borrow (deposit amount is capped atm)

/10

Testnet Actions

Before we jump to the steps, you need to get hold of some test tokens

Head to https://faucet.goerli.starknet.io for test ETH
(Faucet is mostly locked out due to high demand)

Alternately, get test ETH on #Goerli & bridge that to #Starknet

https://goerli.starkgate.starknet.io/

/11

Step 1

Similar to the Mainnet, perform some swaps

@StarkDefi - https://testnet.starkdefi.com
@FibrousFinance - https://testnet.fibrous.finance

/12

Step 2

Claim your profile and Customize your own Avatar
https://starknet.social

Explore the space and expand your network

/13

Step 3

Yagi is a yield aggregator and keeper network on StarkNet
Built in collaboration with #JediSwap

Has an ETH vault and a DAI vault whose positions are combined to provide liquidity on JediSwap

Check it out @yagi_fi

They've got plans👇🏻

/14

https://twitter.com/yagi_fi/status/1636280710335021058?s=20

Step 4

Perpetual futures are HOT this season and

@zkxprotocol is the first perpetual futures DEX on Starknet

https://polaris.zkx.fi

/15

Step 5

Buy/Sell options on @CarmineOptions at a fair price
Use USDC to pay for the options (Save precious test ETH)

Start trading https://carmine.finance/

/16

Aim for -

- 3-4 swaps/week, about 100 transactions at least
- $10K minimum volume
- Interact with as many dApps as possible

This will make you more of a user than an airdrop hunter (& best your chances)

Bookmark this thread & I will keep adding to the list

/17



Starknet: Airdrop Incoming

The SUI permanent testnet has just been announced

While this could potentially be your entry for an AIRDROP 🪂

I would rather use this as an educational thread that an airdrop bait

So let us dive right into @SuiNetwork 👇 🧵

SUI

Layer 1 blockchain developed by @Mysten_Labs

Raised over $300M

And the permanent testnet has just been announced

Permanent Testnet

Unlike Testnet Waves 1 and 2, this will continue running (no wiping off)

Will be the earliest version of Sui DevX 1.0


https://twitter.com/SuiNetwork/status/1641190388869263362?s=20

Core Features

‣ Dynamic validator sets - At epoch boundaries, active validators can leave the network, while validator candidates who meet sufficient stake requirements can join the network (Permissionless)

‣ 95 validators across the globe (Decentralized)

‣ Node operators can leverage a checkpoint to bring up a Full node (quick restore)

‣ Account addresses, object IDs, and transaction IDs have been upgraded from 20 bytes to 32 bytes (prevents hash collisions)

‣ Default hash function Blake2b rather than SHA3

Testnet Participation

Download a Wallet

Options - Sui Wallet, @martian_wallet, @suiet_wallet, @EthosWalletXYZ

** Suiet Wallet isn't working  atm**

https://chrome.google.com/webstore/detail/sui-wallet/opcgpfmipidbgpenhmajoajpbobppdil

Request Test Tokens from Discord

Right now, you can request 1 SUI every 30 minutes

Stake your SUI tokens

‣ Min stake amount is 1 SUI

‣ Make sure you have more than 1 SUI to pay for the gas

** Network is congested and giving RPC errors atm (don't fret) **


And it's a wrap!

Keep following the ecosystem updates for the projects that build on SUI

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