Daily Notes: 28-06-2023

Jun 28, 2023

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 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.

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 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 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 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.

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

Above $100M MC by performance

Above $1B MC by performance

Trending Contracts

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

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

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).