BitFund Capital (@bfund) • Hey
BitFund Capital (@bfund) • Hey
Publications
- Hey
- Gm
- Restaked on Eigenlayer for airdrop hunt
- “Blowing Bubbles”
Animation inspired by local street art.
#animation #bubbles #blowing #blowingbubbles #streetart #openlens
- Binance announced Arkham Launchpad
waitlist spot (10 MAX): https://platform.arkhamintelligence.com/waitlist?referrer=YXFmYXJpZGlAZ21haWwuY29t
- **Jack Dorsey-Backed Bitcoin Wallet Bitkey To Integrate With Coinbase and Cash App**
- $XRP looks ready to fly
- gm
- $HONK Pepe
- HOW TO PREPARE FOR EIGENLAYER TESTNET ⚡️
This could be one of the next big trends.
Eigenlayer: A protocol on Ethereum to "re-stake" your ETH.
How does it work and is there a potential big airdrop?
🧵👇
1/7
What is EigenLayer?
EigenLayer enables ETH stakers to restake their ETH or LSD (stETH, rETH) to secure other apps on the network, earning additional rewards.
Users opt-in Eigen's smart contracts and stake to earn interest on top of the existing ETH POS interest.
2/7
How does EigenLayer work?
You can refer to my thread from January to learn more about the technical aspects, if you wanted to:
https://twitter.com/OlimpioCrypto/status/1610013658125328384
3/7
Status of EigenLayer
The initial phase of the three-stage launch plan for EigenLayer's protocol, the Stage 1 Testnet, was unveiled by the company on the 6th of April, 2023.
This testnet is not incentivized. But you can try it now! 👀
4/7
STEPS TO START: (this is in Goerli Testnet)
1. Get Goerli ETH on faucetlink.to/goerli or faucet.paradigm.xyz
2. Switch your wallet RPC to the Goerli Test Network
3. Send some Goerli Test ETH to this address 0x1643E812aE58766192Cf7D2Cf9567dF2C37e9B7F to get stETH
5/7
STEPS CONTINUED:
4. Visit goerli.eigenlayer.xyz and connect your wallet
5. Click the “Lido Staked Ether (stETH)” option
6. Enter the amount you want to deposit and stake the stETH you just received
6/7
7. Approve and confirm the transaction
8. See your balance on the dashboard.
7/7
POSSIBLE AIRDROP?
• Not likely, for now.
• They have not confirmed any airdrop.
• Testnet is not incentivized.
However, it usually is a good idea to be an early adopter in the crypto space. It might pay off! 🪂
Moreover, this is a testnet, so no capital is needed.
⚡️
- waiting for $Lens Airdrop ?
- BRC-20 tokens minted
- Solana Labs’ ChatGPT plugin allows AI to fetch blockchain data
The plugin will allow the AI chatbot to check wallet balances, transfer tokens and purchase NFTs when OpenAI makes plugins more widely available.
- Momoka is an Optimistic L3 scaling solution, that will process transactions at hyperscale, and is designed to support the next generation of web3 social users.
- When $lens airdrop ?
- Finally received email from $SUI foundation
- $BTC dip
- One day, most social networks will be connected to lens
- Check your eligibility for $SUI
https://verifysupporters.sui.io/
- Crypto Market recently
- Check Total High Risk Exposure and Threats on your wallet
https://de.fi/shield
Revoke all high risk threats
- BTC pumping
- #DOGE logo on twitter
- #DOGE
- Hello world
- $lens airdrop coming up next
- Arbitrum Airdrop on 23rd March
Check your eligibility : https://arbitrum.foundation/
$ARB
- *Monday Morning:*
*** Silicon Valley Bank bailed out by FED**
*** USDC restored to ~1 USD**
*** Bitcoin pumped back 22k from 20k**
- Monday: USDC restored its peg to 1 USD
- **How DeFi Protocols Generate Revenue and Why It’s Important**
Decentralized finance (DeFi) protocols offer decentralized financial services via smart contracts and charge fees for those services. When a DeFi project’s revenue increases, it attracts more users and liquidity.
**Introduction**
Choosing between different DeFi protocols can take plenty of time and effort. Many seem similar, so how do we know which one is the best for generating passive income from our crypto? An essential step is understanding a platform’s revenue and how much of it is shared with its users. You can then use this information to make an informed decision on where to invest your assets.
**How DeFi Protocols Function**
Decentralized finance (DeFi) protocols offer a range of financial services that operate via smart contracts. For example, a DeFi protocol could offer decentralized exchange services, loans, and liquidity pools, all run via smart contracts on a blockchain. All you need to access and use these services is a wallet and some crypto to cover your transaction fees.
There’s almost no limit to the financial services DeFi can offer. You can access exchange services, money markets, derivatives, and savings products in the DeFi world. All of these services are permissionless and disintermediated in nature.
**How DeFi Protocols Generate Revenue**
DeFi services’ operating costs come from the computing power needed to run smart contracts. Users typically cover this amount with the gas fees they pay. However, there are also other additional costs for services such as development and maintenance. DeFi protocols charge fees for their services to cover these costs and generate a profit.
**Decentralized exchanges (DEXs)**
Users swapping tokens on a DEX must pay a fee to utilize its services. For example, a trade may incur a 0.3% fee for the DEX operator's treasury or liquidity reserves.
**Lending protocols**
Users who borrow from a lending protocol must pay a borrowing fee. Some of this will go to paying the liquidity provider (other users who have provided capital), while the rest will go to the protocol.
**Why Revenue Is Important**
Beyond covering a protocol’s costs, improved revenue and profits can also benefit stakers. DeFi projects often maintain a revenue-sharing model via their governance token holders. They also may use revenues to increase APRs for stakers or liquidity providers on their platforms.
For DEXs, higher revenue can attract more users and in turn, improve liquidity. It can also boost APY for yield aggregators if they benefit from combining users’ staked funds for “bribes” as network validators.
To summarize, we can describe a project’s inflows and revenues in a circular fashion:
1. Popular projects attract liquidity, which attracts more users and forms a virtuous cycle.
2. Higher trading traffic and liquidity lead to lower slippage and faster execution.
3. More users improve legitimate trading volume, which leads to more revenue.
4. Revenue is shared with staked users, which provides more liquidity.
This loop also attracts users who want to engage in yield farming. Those looking to invest their money can increase their chances of maximizing their gains with compound interest. The more successful a project is, the more liquidity and, in turn, the more yield farmers it will attract. This process generates more revenue that can be used to improve a protocol’s offering.
**How to See How Much DeFi Protocols Generate**
DeFi operates on-chain, which means almost all transactional information — depending on the blockchain used — is verifiable. Blockchain explorer is easily accessible by everyone, but that doesn’t mean we can always understand the extent of a protocol’s revenue. There are a number of blockchain data aggregators that simplify the task so you can better understand each protocol’s revenue.
With a Google search and some research from trusted sources, you should be able to find metrics, revenues, and stats on DeFi protocols’ revenues. These figures can help you make more informed investment decisions.
**Closing Thoughts**
Revenue is a crucial metric to study, whether you’re looking at a project’s real yield or basic fundamentals. You can wisely invest only if you understand how a protocol generates and shares its revenue.
Credits: Binance Academy
- Happy Holi guys 😄
- AI-generated image of fashion model
Prompt: David Kassan, Gorgeous fashion model with very detailed long curly hair, she's wearing a white evening dress, half body, big gorgeous eyes, high cheekbone
- Join the SharDex NFT Waitlist for Genesis Airdrop
https://testnet.shardex.org/reward?ref=A8B772E1
Register using above link, and get chance to win free MATIC.
- "Keep doing it"
- SharDex Waitlist
https://testnet.shardex.org/reward?ref=A8B772E1
- **Top 5 Tools Every Crypto Trader must know:**
**1. TradePlan Screener:** Tool to scan binance coins based on multiple indicators and price action.
https://tradeplan.io/
**2. TokenTerminal:** Platform that aggregates financial data on the leading chains and dapps.
https://tokenterminal.com/
**3. Dune Dashboard:** On chain data analysis tool
https://dune.com/browse/dashboards
**4. DEX Screener:** Track new launched coins on dex of leading chains.
https://dexscreener.com/
**5. Gem NFTs aggregator:** Tool to track sweeps (bulk buys) of trending NFTs
https://www.gem.xyz/sweeps
- Arbitrum DEX Sharkyswap #SHARKY yielding 15000% APR for $SHARKY-ETH and $SHARKY-USDC pools
More details: https://sharkyswap.xyz/farms
- **Top 5 AI Crypto Coins**
#AGIX
#FET
#ALI
#GRT
#OCEAN
- Built on @memester-xyz.lens
- Built on @memester-xyz.lens
- **Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base**
Mint Free NFT 1: https://zora.co/collections/0xd4307e0acd12cf46fd6cf93bc264f5d5d1598792
Mint Free NFT 2: https://optimism.mirror.xyz/2jk3D1Y8-hid8YOCUUa6yXmsyzNCYYyFJP0Nhaey9x0
Make sure to like and Mirror the post ✅
- **Collect this beautiful Art** 😍 for free, **Generated by AI prompt** 🤖
- IDK how @gitcoin.lens calculate my **Avg Hourly Rate** 🤑
I'm the richest 😈
- ***Hong Kong Pushes Forward with Plans for Retail Crypto Trading***
*`In a push toward reclaiming its position as a global crypto hub, Hong Kong has outlined plans to allow retail investors to trade certain digital currencies on licensed exchanges.`*
`Hong Kong, once the world's crypto hub, started to lose its position in mid-2022 amid increasing concern about the city's regulatory ambiguity on crypto and the emergence of potential rivals like Singapore and Dubai that are considered more friendly to the crypto industry.`
- Patience is a virtue #HODL
- Follow ✅
Mirror ✅
Collect this beautiful art 🎨 to get free matic ( Must follow for free matic )
- ***China’s only public blockchain, Conflux, sees CFX price skyrocket 1,300% in 2023***
*`Conflux Network (CFX) is up nearly 500% in the past week`*
Conflux Network, also known as Shanghai Tree-Graph Blockchain Research Institute, is the only regulatory-compliant, public and permissionless blockchain in China. Conflux is a layer-1 blockchain operating on a hybrid proof-of-work and proof-of-stake mechanism.
- ***Trader Makes $100K in Seconds Front-Running Token Listing on Binance***
`The trader purchased $208,335 worth of Gains Network (GNS) tokens just 30 minutes before Binance listed the token on its global exchange. GNS soared some 51% just after the listing—from $7.92 to $12.01. The trader then offloaded their GNS position, scooping up $106,747 in profits in less than an hour.`
- Happiness Chemicals and how to hack them