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Daily Notes: 28-06-2023

Jun 28, 2023
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Daily Notes: 28-06-2023
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Developments

Maverick Incentive Program Pre-Season

  • Airdrop for Maverick Protocol is live.

  • The airdrop claiming went live on Ethereum and zkSync Era.

  • 30,000,000 MAV was allocated to this airdrop, representing 1.5% of the total MAV supply and approximately 4.9% of the total Liquidity Mining and Airdrops allocation.

  • Maverick Protocol has reached $44.11M as of today, growing +15.41% over the past 7 days.

Compound Superstate

  • Compound Labs founders are developing regulated financial products for the blockchain

    • Superstate’s first product will be an on-chain government bond that you can hold in your crypto wallet

    • This could be a possible explanation for COMP’s outperformance yesterday.

AVAX Selling

  • Two large sells for a total of 796K AVAX ($11M) occurred over the past month.

    • 0x4c1c sold 427,154 AVAX ($5.74M) at $13.44. 0x4c1c still holds 577,846 AVAX ($7.72M).

    • Luna Foundation Guard sold 369K AVAX ($5.31M) at $14.4. LFG still holds

      716K AVAX ($9.56M).

dYdX Public Testnet

  • dYdX is set to launch public testnet of Cosmos-based blockchain on July 5 at 1pm ET. Private testnet has been live since March.

  • At launch public testnet will only have BTC and ETH markets.

Saylor Buys

  • Saylor announced that MicroStrategy has acquired 12,333 BTC for ~$347.0 million at an average price of $28,136 per BTC.

    • MicroStrategy holds 152,333 BTC, acquired at an average price of $29,668 per BTC.

Robinhood SOL On The Move

  • Robinhood delisted ADA, MATIC and SOL.

    • Users were able to transfer ADA, MATIC and SOL until the 27th of June, 2023. Since the deadline has passed, untransferred coins will be sold for market value and credited to users.

  • A wallet reported as Jump’s Robinhood SOL Custody wallet has moved more than 1M SOL over the two days (started at 1,273,857 SOL and ended at 162.97 SOL)

    • Based off of Jump's MATIC movements (another coin delisted on RH), it is likely that the SOL was transferred to MMs and sold on Binance or Coinbase.

BIS and Curve

  • Project Mariana, a collaboration between the Bank of International Settlement, Swiss National Bank, Bank of France and Monetary Authority of Singapore, is exploring the use of Curve v2 AMM for CBDC pools for simultaneous trading and settlement

Trending Assets

Above $100M MC by performance

  • BIT, up 6% over the past day, has outperformed on the daily.

Above $1B MC by performance

  • Nothing notable in assets above $1B MC.

Trending Contracts

  • No significant changes in trending contracts and top gas users over the past day.

Governance Proposals

[TEMP CHECK] GHO Stewards: Agile Parameter Changes

  • Proposal to implement the dedicated GHO Steward as a dynamic parameter change mechanism for risk management and to support the peg of GHO.

[SIP - 27] SYN Emissions Reduction

  • Since the partnership with Nima Capital has allowed to reduce quotes on many crucial stableswap bridge routes, the DAO no longer needs to incentivize passive liquidity pools

  • In the short term, Synapse the proposal suggests that Synapse should:

    • Reduce all stableswap emissions by 50%

    • Reduce Metis and Fantom emissions to zero

    • Decrease emissions on high volume pools proportionately less (Arbitrum/BNB Chain).

Articles / Threads

LandX: 2023 Roadmap Update

  • LandX announces their roadmap for 2023, but does not include specified dates.

  • Sequence of events are as follows:

    • Close Private Fundraise

    • Marketing Push

    • TGE

    • Platform Launch

    • Cross-Chain Launch

    • xBasket Index Launch

    • Bug Bounty

    • Proof of Reserves

    • xUSD Launch

    • xNFT Launch

    • LandX DAO Governance Launch

New Protocols

Sumero App

Description: Create and trade financial derivatives without a brokerage or clearing house.

Twitter: https://twitter.com/SumeroApp

Website: https://sumero.finance/

Caldera

Description: Deploy an app-rollup in one click. Build your web3 application without compromises. Production ready, running on mainnet.

Twitter: https://twitter.com/Calderaxyz

Website: https://caldera.xyz/

Ammalgam

Description: More DeFi, One Protocol. Combining Lending & Trading to Supercharge DeFi

Twitter: https://twitter.com/ammalgam

Website: https://ammalgam.xyz/

Haptic Finance

Description: Permissionless option markets

Twitter: https://twitter.com/HapticFinance

Website: https://haptic.finance/

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