Stake response ^

*stake was paying some of these twitch streamers 100M, so should be easy for them to cover the 41M hole with their own money. h/t @0xngmi

Aerodrome Largest Farmers
https://twitter.com/ArkhamIntel/status/1698750412793508132

- explains the down only performance of AERO as early farmers dump first epoch gains

Synapse

- SYN liquidity provider removed LP and sold holdings
https://x.com/synapseprotocol/status/1698865047324291412

- 9m SYN sold by Nima Capital (allegedly)
https://x.com/wazzcrypto/status/1698832634020016618

- onchain data shows 0x4df sold 9m SYN in two 3.4M tranches on sushiswap for $2.35M USDC, sending prices down by 25%
https://twitter.com/lookonchain/status/1698879573612732464

DWF be like 👀🤤
https://twitter.com/crypto_condom/status/1698874494897578223

Context: https://twitter.com/RunnerXBT/status/1697960931790049590

Stake.com Update
- $41M in assets drained
https://x.com/PeckShieldAlert/status/1698870451815285045

NimaCapital-linked entity sold NYC condo for $80M

https://x.com/doveywan/status/1698975628811440623

https://www.nytimes.com/2023/09/01/realestate/central-park-south-duplex.html

1inch Investment Fund buys $10m ETH at $1655

https://x.com/lookonchain/status/1699005558110761334

Circle Launches Native USDC on Optimism & Base
https://twitter.com/circle/status/1699045142429319321?s=20

Visa Adds Solana to their USDC Settlement Pilot

https://twitter.com/solana/status/1699032831643533556?s=20

Source

Frax Proposes Staked FRAX (sFRAX)

- similar to MKR's DSR product
- users deposit FRAX into a smart contract and earn interest in FRAX
- source of yield include revenue from AMOs & RWAs and will target the Fed's IORB rate as its base rate (~5%), up to a ceiling of 10%

Source

4

Thread by the author, Part I

https://x.com/sunnydece/status/1699124522757283997

Aether Protocol, money market on Sei, shuts down.

the post cited the following reasons:
- lack of support from L1 (Sei)
- lack of DeFi expertise on Cosmos
- failed Sei mainnet had negative effects on ecosystem branding

Source

Ian’s thoughts:
- disagree with point 2. Some of the smartest builders out there are building great defi protocols on Cosmos.
- a blanket statement like that is unfair when they’ve failed to launch a simple money market.

- one statement from the post rightly highlights Cosmos’ biggest problem but ends with the wrong conclusion (imho):

“A big part of our customer acquistion strategy was outreach to EVM users, and by far the biggest single piece of feedback was: “Why?” Why would an EVM user download a new wallet and bridge to the Cosmos to use DeFi, when they’ve got Uniswap, Pendle, Aave, Maker, and Frax? There is a reason why the Cosmos has been unable to secure more than 2% of DeFi market share — DeFi here just isn’t good enough.”

Base L2 suffered outage for ~40mins

Source

told you guys, 4

https://twitter.com/cz_binance/status/1699143872918548634?s=20

IanGPT Summary of "Synthetix, A New Hope"
by kain.eth

• The post begins by discussing the challenges that protocols face when deploying multichain and achieving shared liquidity across deployments.

• Due to market and infrastructure limitations, this is not ideal to implement, resulting in fragmented liquidity, leading to a proposal of 3 options:

1. Deploy a fork of Synthetix on every chain.
2. Implement a unified cross-chain protocol where state changes must be pushed to all chains.
3. Deploy an independent instance on each new chain and minimize cross-chain messaging and liquidity fragmentation by leveraging non-SNX collateral.

Focusing on the 3rd Option:
• kain.eth suggests an experiment where Synthetix could deploy perps to Base and enable ETH as the sole collateral. This would reduce the risk of diverting SNX liquidity from Optimism.

• This stems from the challenge that SNX liquidity might not be sufficient to meet demand across all networks. Using ETH as collateral on a new chain like Base could be a way to test whether there's enough demand without fragmenting the limited SNX liquidity.

• If the experiment on Base with ETH collateral works, fees generated on the new network could be used to buy back and burn SNX, thus benefiting SNX liquidity providers (LPs).

• This opens the door for Synthetix to expand to other chains like Arbitrum and Polygon. It also raises the possibility of allowing ETH collateral on Optimism if it turns out that SNX liquidity is constraining trading.

• On the other extreme — if demand for liquidity backed by ETH is much higher than demand for SNX-backed liquidity, a move to its own appchain in the Optimism Superchain might be on the cards to avoid redundancy of the SNX token. This allows for SNX to retain utility such as leveraged sUSD loan on SNX and to form the backend of all protocol governance.

Read the full post here.

$SNX climbed ~15% after the post was published.

An Arc Boost that goes through the tedious process of reporting scams on twitter for you.
https://x.com/bantg/status/1699364366678687855

*an Arc Boost is a browser extension for the Arc browser

Ref link for Arc

Banana Gun Presale Round 1
• Friday, 8 September, 17:00 UTC

Source

*not an endorsement. i have zero exposure and i do not intend to participate

WAGMI Protocol Soon
https://twitter.com/danielesesta/status/1699379815932219737

wtf is wagmi protocol