FXS

still observing

ideally we scoop in the greens

after exploring for a bit, seems like this feature is mainly for the upcoming F1 event in sg

the NFT vouchers are available to be used w select merchants and you have to first buy the NFT vouchers from Fave

by sending your NFT to the merchant, you'll redeem your discount

nothing much other than that, so idt many people will be using this feature aka no normies

a hint of how companies will incorporate web3 in the future and how it'll be integrated into our daily lives

cool nonetheless

context: a discussion on Rollbit's (RLB) dune dashboard numbers not being real

Hey Wallet

built on SOL, heywallet is a project where you can send and receive crypto just by tweeting

you can tweet something like "@hey_wallet send 1 SOL to @degenspartan" and it will transfer 1 SOL from your account to the degenspartan

Twitter
Site

I support the idea that RLB team fairly burns tokens but let me explain what I mean:

1. If you deposit RLB on SOL chain to Rollbit, it will be moved to this wallet with 700M RLB (bridge address, right?) https://solscan.io/account/RBHdGVfDfMjfU6iUfCb1LczMJcQLx7hGnxbzRsoDNvx
2. So there is at least 700M bridged. Looking at top RLB holders, I don't see any address that can potentially be additional bridge address, so I assume there is only 700M RLB bridged.
3. So, Solana tokenomics is:
– 5b initial supply
– ~1.8b fairly burned on Solana chain
– also 0.7b bridged, so real RLB supply on Solana is 2.5b

4. Let's move to Ethereum:
4.1 Rollbit minted 5b RLB and fairly burned ~1.8b (the same amount that is burned on SOL)
4.2 Current RLB distribution on ETH chain: RLB Deployer address holds 2.17b RLB – probably the amount that is not bridged yet from Solana. It means ~1b RLB is bridged to ETH and is already in circulation (you might see this amount as OUT transaction from RLB deployer address.

Key question: why did Rollbit team issued 1b RLB on Ethereum chain while having only 0.7b bridged/locked on Solana? What are they doing with additional 300M on Ethereum?

[IanGPT] The Solana DeFi Comeback
by FA2

Q3 Key Highlights:
• TVL Growth: TVL in Solana's DeFi increased by 21%, from $2.68B to $3.27B.
• Daily Active Wallets: Consistent engagement with 230K-350K daily active wallets.
• Trading Volumes: Ranged between $15M and $162M, excluding major players like Zeta Markets and Phoenix.

Notable Events:
• MakerDAO NewChain Announcement: To use Solana's Virtual Machine (SVM).
• Media Coverage: CNBC favored Solana over Bitcoin Cash and Litecoin.
• Maple Finance: Returned to the Solana ecosystem.
• EuroeMoney: Made a splashy entrance into Solana.

Protocol Developments:
• Zeta Markets: New V2 upgrade and USDC margined perpetual trading.
• Drift: 50% increase in TVL and MetaMask integration planned.
• Cypher: Focusing on security after a vulnerability, planning an IDO.

LSDs:
• Sanctum: Built a reserve of over 200,000 SOL, NFT partnerships in talks.
• Marinade: TVL reached $146.01M, new incentives planned for Q4.
• JitoSol: 100% increase in TVL, exploring new token launch.
• SolBlaze: 10x increase in TVL, launched new native token $BLZE.

Lending & Borrowing:
• MarginFi: 10x growth in TVL to $23.82M; plans for a stableswap platform and stablecoin in Q4.
• Solend: 50% increase in TVL to $54.23M; introducing support for LSTs and RWA-based pools in Q4.
• Kamino Finance: Over $1 billion in trading volume & $1.25 million in fees for depositors; Kamino 2.0 with additional features slated for Q4.

Q4 Outlook:
• Bullish, with various incentives and improved user experience expected to drive growth.

Source

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Pantera Capital leads $16.5m investment in ZK-powered DEX Brine Fi at $100m valuation — link