Got a Web3 project idea you've been putting off?

Would you get started if you had a shot at $40,000 and the potential to get your startup funded? 💰👀

Join the @axelarcore x @flipsidecrypto Interchain Hackathon!

Details below 🧵, or apply now: https://fscrypto.co/hack

Axelar is scaling secure interchain communication —

It lets dApp users interact with any asset/app on any chain, so it's perfect for building resilient projects that can thrive in any environment, survive chain halts, and connect to the resources and traffic of multiple chains.

There are 5 categories:

💵 DeFi & payments
🎮 NFTs & gaming
🗳️ DAOs & governance
⚙️ Dev tooling & infrastructure
🙋 Social impact & Web3 social

1st place in each takes home $7500.
2nd place in each takes home $2500.

One 1st place winner gets the Grand Prize — an extra $32,500!

The Grand Prize winner takes home a total of $40,000, but that's not all!

Winners and runners up also may be selected for additional funding or investment.

There are also Fan's Choice and Flipside Innovator prizes of $5,000 each!

You can join solo, or with a team to help you get further.

Spots are limited — the sooner you register, the points your application receives and the more likely you are to be accepted.

Early registration ends April 17th.

Register now!

https://fscrypto.co/hack

Web3 Hackathon: Big prizes and a chance to get funded 💰👀

One web3 feature that will *actually* improve how organizations are run is 𝘁𝗼𝗸𝗲𝗻 𝗴𝗮𝘁𝗶𝗻𝗴 (like by @guildxyz).

But what if you don't have a token?

That's like padlocking something when you don't have the key.

So, we built trybadger.com 🦡 🧵 [1/6]

With Badger, you can make your own keys for the lock that is token/role/access gating —

(and you can do it in less than 2 minutes).

Here's how it works 👇

[2/6]

Badger gives you the ability to:

• issue and revoke badges (the 'keys')
• forfeit badges you have
• delegate issue/revoke permissions

It's that simple.

What you do with those badges is up to you 👇

[3/6]

Badger is use-agnostic and designed to complement existing Web3 infrastructure solutions like

• @SnapshotLabs
• @guildxyz
• @wonderverse_xyz
• @deworkxyz

etc. The locks you choose to pair your keys with will determine what they do for your organization or community.

[4/6]

trybadger.com is intentionally opinionated - designed to be a simple, easy-to-use key issuer that requires ZERO code.

But the protocol's unopinionated use of ERC1155 can store an entire badge system, organization, or even economy in one contract.

[5/6]

We encourage anyone to develop atop the protocol.

We’re building primitives that enable granular and use-case agnostic features.

We’re home for those pursuing the shared dream of better on-chain organizations & credential management.

Welcome home: trybadger.com

Introducing: Badger

Flipside Governance Recap ✅🧵

This week in governance:

• we supported @cosmoshub Prop 82 for $ATOM 2.0 ⚛️
• @Safe DAO was birthed by @GnosisDAO 🦉
• @quasimatt made quite the intro 🔥
• @optimismFND szn 2 ends with talk of changing course 🗺️

https://medium.com/flipside-governance/flipside-governance-recap-11-november-2022-b60417870c77

Prop 82 of the @cosmoshub gives clearance to start building toward the future proposed in the $ATOM 2.0 whitepaper.

It's controversial, but we think it's exactly what the web3 needs right now.

Here's why we voted "yes":

https://twitter.com/flipsidecrypto/status/1591137742066307072

The newest addition to our gov team, @quasimatt wasted no time hitting the ground running.

This week, he finally found a moment to officially introduce himself:
https://twitter.com/flipsidecrypto/status/1590765285765586944

Season 2 on @optimismFND drew to a close with all eyes on room for improvement.

From concerns over delegate overload to committee conflict, the DAO is determined to self-improve in Season 3.

The Guide to Season 3 breaks down major pain points:

https://gov.optimism.io/t/guide-to-season-3-course-correcting/3942

In the final cycle of Season 2, we voted to best set up the DAO for success in that course correction.

Here's a look at a few of our votes and rationales:

We like to evaluate DAOs outside our core contributor set periodically to stay abreast of emerging communities, and this week we’re taking a stab at Gnosis.

For a full breakdown, read the weekly recap article!

https://medium.com/flipside-governance/flipside-governance-recap-11-november-2022-b60417870c77

Flipside Governance Recap

We voted YES on @cosmoshub Prop #82:

⚛️ $ATOM 2.0 A New Vision For The Cosmos Hub ⚛️

Here's why, and how it affects you 🧵

One of the best ways to ensure the longevity of an ecosystem is to increase the utility of its core token(s).

$ATOM 2.0 is a much-needed upgrade to both technical utility (with interchain security, allocator, etc) and to ecosystem development (via treasury-funded projects).

The proposal gets push-back over initial mint speeds, but we believe it's actually much healthier over time.

Flipside Governance's @web3_analyst put it best:

https://twitter.com/web3_analyst/status/1591108235653939202

On top of that, the funds minted will be used to upgrade the hub, onboard new talent, and find new avenues for providing value.

It's a boost to the ecosystem coming at a time when web3 needs progress we can believe in.

At the end of the day, Prop 82 is a signaling prop.

That means that if passed, it wouldn't finalize the ATOM 2.0 whitepaper. It just grants clearance to start building.

And web3 needs more people building.

What do you think?

Did you vote for, against, abstain, or are you still deciding?

For more governance updates and web3 insights, follow us @flipsidecrypto.

And if you love @cosmoshub and IBC, follow @web3_analyst!

We Voted YES on Cosmos Hub Prop 82

BREAKING: A new database has been added to Flipside!

All data for @axelarcore and its new token $AXL are now live at flipside.new.

Here's what that means for you👀🧵👇

1. You can query the @axelarcore database directly and explore tables - getting answers for all your weirdly-specific cross-chain questions - at flipside.new:

2. You can make dashboards to chart trends and show off $AXL insights, like this one by @jackste73371898:

https://twitter.com/jackste73371898/status/1582773576738164738?s=20&t=5qWN199lLrCJVH6bYs_0bw

3. You can build with @axelarcore data integrated directly via #ShroomDK 🍄.

(It's a free NFT SDK that makes using data easy for builders):

https://sdk.flipsidecrypto.xyz/shroomdk

4. You can debate and discuss hot @axelarcore topics with data to back it up!

Start or join the convo in the Flipside Discord:

discord.gg/VwvDvXeEr9

5. There are 15+ databases now accessible on Flipside:

- @arbitrum
- @avalancheavax
- @axelarcore
- @binance SC
- @ethereum
- @flow_blockchain
- @gnosischain
- @NEARProtocol
- @optimismFND
- @osmosiszone
- @0xPolygon
- @solana
- @SushiSwap
- @terra_money
- @THORChain
- and more!

6. You can follow @flipsidecrypto and the list of talented analysts for more insights on @axelarcore and $AXL:

https://twitter.com/i/lists/1520887824282705925

stay 🍄 c u r i o u s 🍄

— 🌲


Axelar data is now live on Flipside!

Our goal is to help you win in web3. Good data, tools, and community analysis boost transparency and help you make the best decisions possible.

So, here are two mega-dashboards on the state of @SushiSwap  to help you DYOR 🧵🍣:

1. This Kashi dashboard by @__elmiaON__ can help you keep macro context —

First by displaying where users are and how they're behaving:

Then by placing that behavior into a larger growth/decline narrative:

With proper perspective, deeper dives yield more fruitful insights —

The concentration of deposits by unique users between WETH/USDC, WMATIC/SUSHI, and WMATIC/USDC suggests clear favorites in $SUSHI and stablecoins on @0xpolygon:

But total transaction value outcomes aren't consistent with user count, with far more value accrual in $SUSHI and $ETH pools on Ethereum.

Greater numbers of users on Polygon and higher values on Ethereum seem to be consistent with broader trends in DeFi (which many attribute to tx fees, average wallet balance, and other factors), though there may be other causes to investigate.

If you're looking for extra yield, you can explore KM token staking behavior for maximal returns (NFA):

In this case, @arbitrum outpaces Ethereum:

Staked KM tokens on @arbitrum more than double TVL growth, likely concentrating yield, where the opposite is true on @ethereum, which in most cases sees far less than 50% of value staked relative to inflows.

Explore the dash for yourself here:

https://app.flipsidecrypto.com/dashboard/kashi-metrics-dashboard-VcI0b1

2. This @SushiSwap mega-dashboard by @thekakamora is a work in progress. You're not supposed to be seeing it yet.

But we pulled a few strings to be able share certain sneak peeks:

First, top pools —

stablecoins $USDC and $USDT comprise a majority of the top weekly swaps, respectively, in their WETH pools.

It's not surprising that the most common @SushiSwap transaction on Ethereum is buying and selling $ETH.

In terms of volume, the same major trends apply, unlike with Kashi.

The elephant in the chart, though, is

what happened in May? And why do volumes continue to decrease, even beyond prior averages?

An apparent answer is the peak of bull mania and seeming sudden thrust into the bear narrative we all experienced in Q2 —

Comparing the previous two charts, we notice volume decreased dramatically more than number of swaps,

suggesting users are just less active in the bear.

How has yield been affected?

It appears to decrease in relative proportion to swap activity:

The same is true for provider yield, which doesn't immediately point to massive liquidity withdrawals:

And the @SushiSwap community is evergreen —

growth is consistently strong. The platform grew by nearly a million new users over the past two years:

These two dashboards should give you a macro understanding of the state of @SushiSwap 🍣, but there's much more at your disposal.

To DYOR and win with $SUSHI, you can dig into the data and make your own dashboards to share at https://flipside.new.

stay 🍄 c u r i o u s 🍄