My Crypto Discord Weekly Round-Up #7
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 17/07/2023
Rise and Shine Maestros,
Welcome to another beautiful week at BEETS!
Funkadelically FRESH and always insightful, dive into the weekly Concerto Programme!
https://beethovenxio.medium.com/concerto-programme-75-70a5e3468dda
Francium Protocol 17/07/2023
After the integration of our cross-chain bridge, some of you have guessed it...
We were finding the next best EVM-compatible chain.
Fast forward - we have chosen Mantle as our valued partner.🤝
It is a start of our omni-chain deployment strategy under Fr Labs.
And Francium is a Solana based project - as always.
https://twitter.com/Francium_Defi/status/1680880445423239168?s=20
Marinade 18/07/2023
📣 Decentralizer update
The Decentralizer, the native staking product built by Marinade last year, is being rolled up into the upcoming Marinade Native product.
👉 If you have a Decentralizer account, you don't need to do anything. When Native is live, you will be able to access the account from the new staking dashboard there.
👉 The Decentralizer DApp will redirect to the main Marinade staking page and all actions can be taken there.
Get ready for the launch of Marinade Native very soon!
Lifinity Protocol 17/07/2023
Oracle Bug Report
Not everyone may be aware that we use both Pyth's oracle as well as our own custom oracle. The reason we also use our own is because Pyth price updates tend to be slower because the publishers aggregate data from more sources, and the slower update speed can result in us getting front run. Our oracle enables us to more quickly update prices, which increases our volume and improves MMP.
Our oracle determines the price by taking the average price of two exchanges. Today, we made an update to our oracle's code and a bug occurred when an exchange returned a null value for the price. Our oracle interpreted this as a 0, and then averaged that with the (normal) price from the other exchange. This resulted in our SOL-related v2 pools pricing SOL at half its true price. This mispricing was quickly arbitraged, resulting in a loss of $162.5k.
We have implemented the following countermeasures to prevent this from happening again.
・When updating our oracle, we will check its price against Pyth and will refrain from updating it if its value is too far (2%) from the Pyth price
・When updating the code of our oracle, we will first test it in small pools (created specifically for testing) before applying it to the main pools
Mummy Finance 19/07/2023
Greetings Mummies,
We are delighted to present the rewards you have eagerly anticipated. We have generated a total of 3,500 $FTM on the Fantom, 18.1 $ETH on Optimism, and 3.1 $ETH on Arbitrum.
Here is the breakdown of this week's rewards:
On Fantom:
MLP: 2,100 $FTM
MMY/esMMY: 1,050 $FTM
NFT: 5200 $FTM
On Optimism:
MLP: 10.86 $ETH
MMY/esMMY: 5.43 $ETH
NFT: 0.4 $ETH
, On Arbitrum:
MLP: 2.17 $ETH
MMY/esMMY: 0.62 $ETH
Stake your assets to earn RealYield with us at
https://app.mummy.finance/#/earn-v2/https://app.mummy.finance/#/nft
We are thrilled to announce that Mummy V2 is in the final testing phase and will be ready very soon. Stay tuned for further updates!
Raydium Protocol 19/07/2023
What's up Raydiators?
Raydium is excited to announce support for Token-2022!
Raydium’s CLMM now supports the creation of Permissionless Pools & Rewards for Token-2022 assets
As Solana grows, demand for additional token functionality has increased.
Token-2022 program extensions offer more optionality when deploying a token, making it crucial for Solana's growth and evolution.
Note that Token-2022 is still in beta and unaudited. Raydium prioritizes security and reliability, so support for some token extensions is currently disabled.
This is just the tip of the iceberg: More Token-2022 functionality is on the way!
Read more about Token-22:
https://spl.solana.com/token-2022
More on supported token extensions:
https://docs.raydium.io/raydium/updates/token-2022-support
More details in the Medium post:
https://raydium.medium.com/932f9fae966b
Dune 18/07/2023
Dune is getting more powerful for you and your Team today!
We are releasing several new features to make working on Dune even smoother for you and your team!
Folders 📁
We shipped folders, allowing you and your team to effortlessly organize your content.
Folders are only visible to you and your team, visitors of your profile will not see the content within them.
Data uploads ⬆️
You can now upload any data to Dune! The CSV data uploader can be accessed both via API and the frontend.
(for now this feature is plus and premium only)
https://dune.com/docs/data-tables/bring-your-own-data/
Dashboard and Query Scheduler ⏲️
Dashboards and Queries can now be scheduled!
https://dune.com/docs/app/query-editor/query-scheduler/
Query API Endpoints
We have build several new API endpoints that allow you to create, update and archive queries from the comfort of your favorite environment.
(this is a premium only feature)
https://dune.com/docs/api/api-reference/edit-queries/
The data must flow 💾 🌊
read more about these annoucements in the latest blog post:
https://community.dune.com/blog/new-features-for-better-collaboration
Marinade 20/07/2023
Marinade Native is officially live!
You can now utilize the Marinade delegation strategy without going liquid and having smart contract exposure.
This now opens up the Marinade stake pool to the larger Solana native market that makes up ~97% of stakers on Solana.
It also means MNDE and mSOL have the opportunity to control even more SOL as stakers utilize Marinade Native and this SOL is added to the pool.
You'll see the Marinade DApp has been completely updated. You can now manage all of your Solana stake accounts both liquid and native right from the DApp's new dashboard. Deposit any stake account or LST, or instantly unstake for the best market price using the new SOL liquidity router. Give it a spin here: https://marinade.finance/app/
Please share the announcement tweet: https://twitter.com/MarinadeFinance/status/1681666337548955649
And Marinade has already been featured in Coindesk: https://twitter.com/CoinDesk/status/1681620415481823233
Happy staking everyone!
Jupiter Aggregator 20/07/2023
Hi space cats fam, excited to share that Jupiter have integrated with Unstakeit, and now aggregating AMMs, CLOBs and also staking pools into our routing engine!
This enables us to expand to a broader range of LST-related protocols (inc. smaller direct-staked pools), further improving our routing engine options for pairs such as SOL to xSOL and any xSOL - xSOL pairs with minimal price impact.
Hopefully with this shared deep LST liquidity, we can continue and instill more confidence in DeFi protocols to utilize LSTs effectively.
In the second phase, we will complete our integration, allowing xSOL to be directly unstake back to SOL seamlessly, which will vastly propel the uptake of LSTs in Solana Defi! 🪐
Synthetix 19/07/2023
We are proud to announce the launch of the Synthetix Synthverse NFT project!
This has been a long time coming, with many people stepping up to help us get this over the line after our NFT 'specialist partner' rugged us early on in the process. Thank you to each and every one contributing and working in the background to make this all happen.
The Synthverse is a full lore story, where you will be able to immerse yourself in and get to know all the different Tribes and the world they live in. The plan is to give the base lore story over to the community and see how they can grow it into the future. A reminder of the different Tribes:
Human: Spartans
Human: OG Spartans
Human: Legendary Spartans
Human: Demigod Spartans
Dwarfs
Elementals
Mechanoids
Philosophers
Alien Elfs
Undead
Trolls
Over the next couple weeks we will share a lot more communications with you all as we progress through the different phases...
Phase 1: Pre-mint 192 NFT's for the Grants Council. Done
Phase 2: NFT Auction to help raise awareness of the project, Synthetix and Optimism L2.
Phase 3: Synthverse LORE reveal
Phase 4: Community Whitelist Mint of 2,000 NFT's
Phase 5: Open Mint of 3,000 NFT's (only if demand is high)
Phase 6: Additional Mint phases can be opened up - until we reach the max cap of 10k NFT's - if the demand is there.
You can view the initial Phase 1 NFTs minted here: https://opensea.io/collection/spartan-synthverse
Remember to look for the rare meme items:
"Head of Defi"
"Cat-in-a-hat-Sam hat"
"Beer mug"
"Duck"
"Sunglasses"
"Earphones"
"Panda Cape"
See you all in the Synthverse soon!
Mummy Finance 21/07/2023
Currently, Mummy has updated from V1 to V2. We understand that many of you have questions about the migration process. To clarify any doubts or concerns, please refer to the information provided in the Medium article to address the most frequently asked questions about the recent situation and the integration of Mummy V2.
https://medium.com/@mummyftm/mummy-v2-integration-solution-for-the-recent-incident-d13d5aea5c51
If you encounter any issues or need assistance, don't hesitate to open a ticket on Discord or ask for support on Discord/Telegram. Our team is ready to provide immediate help.
Your support and interest in Mummy mean the world to us. Thank you all for your patience and understanding. We are committed to bringing the best benefits to our valued users
Mummy Finance 23/07/2023
We have some important updates from the dev team that we'd like to share with you regarding the MMY (layer 0) stake features on Optimism, currently in the final phase of testing. There are a few points we'd like to highlight:
1/ First and foremost, we will be providing support for users holding multiMMY on Optimism to convert their tokens on a 1:1 basis to lzMMY. To facilitate this conversion, we will be minting an additional 130,000+ MMY tokens on the Fantom network. As part of this process, we kindly request the multichain team to burn the corresponding amount of MMY tokens currently held by them. You can find the contract address that the multichain team currently holds here: https://ftmscan.com/address/0x23a2d47af72a9d18b756dfddef790cdc1d0e9005
2/ For those of you who possess many multiMMY tokens on Optimism, we will allow a grace period of 2 weeks to convert them to lzMMY. After this 2-week period, we will no longer support any issues related to multiMMY on Optimism.
Please take note of these updates and timelines to ensure a smooth transition and to avoid any inconveniences. Should you have any questions or concerns, feel free to reach out to our support team.
Notice: Kindly be informed that the 2-week timeframe will begin from the day we announce the launch of the token conversion feature. Stay tuned!
Thank you for your attention, and we appreciate your continued support.
