will be participating in this

in my sunday thoughts post (link), i shared about FT narrative being everything on FT moving once the next FT wave hits. Ohm was a kingmaker back before it crashed and idt I'd wanna fade this one. will just throw small amounts in. pity that i missed the raise.

risky environments currently, so won't be overextending on this

The two types of PayPal dollars

https://x.com/samkazemian/status/1705991504471412885?s=20

original article: https://t.co/oSvJbfv3av

MicroStrategy has acquired an additional 5,445 BTC for about $147.3 million at an average price of $27,053 per bitcoin. As of 9/24/23, MicroStrategy holds 158,245 BTC acquired for $4.68 billion at an average price of $29,582 per bitcoin. — link

was playing around w the fan.tech app and realised that they’re about to launch a point system similar to friend tech as well

imo the airdrop for $FAN should be fairly big for a few reasons:

1) Mantle recently launched the $200m eco fund to support projects + incentivise users to use the chain

2) Mantle is in NEED of a winner. MJ ongoing but no visible uptick in TVL -> people aren’t interested

3) Mantle is betting on SocialFi to be their big break

Bonus: idt i’ve seen DefiMaestro pushing for a project that hard before

prev post on fan.tech: https://news.1rj.ru/str/cryptomumbles/4950
…

…

my thoughts:
FanTech is clearly smoother/cleaner in UI/UX as compared to FT (still a derivative, yes). I’m guessing Mantle will be heavily backing FanTech given points (2) and (3) through funding $$ from the fund to incentivise people to farm the airdrop.

Wont be surprised if somewhere down the road Mantle announces a 7-digit funding for FanTech (smol fraction of their treasury and eco fund) -> users flocking to farm $FAN. Yieldfarm just like FT amiright?

FT was dying until the $7m Paradigm funding announcement came about. People started bridging funds into Base. It was the spark needed for users to overcome their inertia of bridging into a new chain to try/farm FT.

imo fantech still needs a bigger differentiating factor, something unique to be different from FT. if not idt they’ll be around for that long just like the other derivatives of FT. among all the FT forks, i think FanTech has the best chance of coexisting as of rn. so looking forward to see what changes from here.

my stance rn is to gain some exposure with <$100 on FanTech to farm interactions first before deciding to allocate more

still some FanTech codes avail:
fan-reunion-neck-rail
fan-turn-frozen-episode
fan-other-marble-woman
fan-time-stand-latin
fan-goose-tunnel-neglect
fan-across-stage-upgrade

seeya there 🤝🏼🫡

Decentralized Identifiers =/= Decentralized Identities

https://x.com/nembal/status/1706411815981174913?s=20

Celestia Genesis Airdrop

check here: https://genesis.celestia.org/

snapshot was taken 1 Jan '23

https://x.com/CelestiaOrg/status/1706671239572676881?s=20

a quick read on Hyperliquid

https://mirror.xyz/0x96180412FC710361f77AbFb1e02DFA60F87BDfE6/bPihApbvuh2WFMMLW0sEZeX-LM5IdEzSb7L4M5OOMeA

What is Fully Homomorphic Encryption and why is it the next big thing?

#reads FHE

https://x.com/0xidanlevin/status/1706770995753918765

Arbitrum STIP Proposals

A review of Airdrop and Liquidity Mining by SixDegree: Retention

- Airdrops have an average churn of 80% after four months even for top protocols
- Selected airdrops including 1inch, Uniswap, Optimism, Arbitrum and ParaSwap have a retention rate under 20% after four months and under 15% after 12 months
- The churn slowed down after the four month and remained stable for the best ones (e.g. Optimism) or continued to decrease for the less quality ones
- A good airdrop strategy can prevent the token holding rate from entering a long-term decline.
- Optimism's Airdrop Round 2 is a notable example where the holding rate curve of saw a noticeable increase on 2023-02-09 related to their Airdrop Round 2. Airdropped users are holding OP!
- We recommend protocols not to do one major airdrop and instead to have many microairdrops using data-driven strategy to build a strong holder base

#reads airdrop

https://mirror.xyz/sixdegreelab.eth/nGmyboqdizYHN53lKfKgTi97SCfbogF_2ysu8cMg6zk

A review of Airdrop and Liquidity Mining by SixDegree: CAC

- We find out that airdrop CAC range from $1,000 to $10,000
- Such CAC is much higher than traditional financial institutions at $50 to $1500. This reflects the crypto market's focus on early adopters and its smaller TAM.
- Most protocols do not pay much attention to CAC as they simply see it as a way to build a strong community and bootstrap their network in the early days.
- Though we agree it is also important to have an understanding of it and iterate on token distribution using quick feedback loops with systems such as onchain quests in order to avoid growth challenges.
- We recommend protocols not do to one major airdrop and instead to have many microairdrops using data-driven strategy to build a strong holder base

#reads airdrop

https://mirror.xyz/sixdegreelab.eth/cwW_ixKUN0cMmDeJp67r4F2b53H0fMzS_BG22FCapCs