In this edition, we’ll be providing you with info from across the industry
- Learn about what is going on with Vela Exchange’s recent launch, and the role of airdrops and incentives in a project’s success.
- Stay up to date on the latest with Rocket Pool, as well as how CIAN Protocol is making its DeFi strategies more accessible.
Stay vigilant in the markets ⬇️
1/ Vela Exchange - Vela's Official Launch, Features, and Regulations
Preview: Jon, Marc, Dan, IronBoots, and Small Cap Scientist discuss Vela’s official launch, features of the protocol, and more. Click here to listen to the full episode (73 mins).
Read our Note (8 mins) and save 65 mins.
Here are some key takeaways:
- Vela Exchange aims to be a community-first, decentralized perpetual trading platform that empowers users to join the DeFi.
- Jon says that Vela is a decentralized perpetual trading exchange built on Arbitrum.
- He says that Vela Exchange’s features include leverage options, trading markets, tokenomics, and benefits for token holders.
- He adds that during its two-month beta test, Vela Exchange achieved remarkable results with daily trading volumes reaching around $300 million.
- Jon says that over 50,000 active wallet addresses and over 50 million USDC were locked up in the VLP token during the beta launch of Vela Exchange.
- Dan says that users can check their eligibility for an airdrop on Vela’s website. Eligible users can choose between the blue pill or red pill options.
- Dan adds that users will have multiple options to choose from during the airdrop. There will be many tasks to complete depending on the chosen path. He says that it is important to choose wisely among the available options.
- Small Cap Scientist says that Vela is capable of quickly taking feedback and making necessary pivots.
- He believes that the hardest part is determining what to pay out now and planning for the future. Many projects fail to pivot after their initial tokenomics launch, which puts them in a disadvantageous position.
- Small Cap Scientist believes that Vela will excel at incentivizing users appropriately. He adds that incentives play a significant role in community belief and project success.
- He believes that Vela has successfully built a strong community by managing expectations and fostering relationships through in-house marketing efforts.
- Dan says that a grand trading competition will be launched in the next few weeks. The competition will offer a smoother experience compared to the beta version.
2/ Rocket Pool x CIAN Protocol Twitter Space
Preview: Maverick hosts Luffy, Langers, and Jasper to discuss Automated Risk Intelligence, CIAN Protocol, and more! Click here to listen to the full episode (100 mins).
Read our Note (11 mins) and save 89 mins.
Here are some key takeaways:
- CIAN Protocol is an open automation platform for on-chain applications that allows users to swiftly build, optimize and protect intricate strategies using unrivaled automation primitives.
- Luffy explains CIAN as an open-source DeFi strategy, vaults, and advanced decentralized automation tools that enable users to generate their own strategies. CIAN focuses on LSTs, aiming to disrupt the entire DeFi stack.
- After launching on Avalanche, CIAN expanded its reach to the Polygon ecosystem and is currently the largest LST-related strategy provider, managing around $50 million in TVL. CIAN has received strong support from nearly all the mainstream LST service providers, including Rocket Pool.
- When asked about the Recursive Lending and Borrowing (RLB) strategy on Aave, Luffy says that it requires patience because the current market doesn't offer high returns. He suggests the concept of using automation to take advantage of price differences between LSTs that are undervalued and those that are correctly valued.
- Talking about CIAN's future plans, Luffy mentions that they're expanding both horizontally and vertically, with efforts to increase their presence across multiple networks like Arbitrum, Optimism, and ZK-based L2s. They are also exploring partnerships with other networks like Cosmos, Solana, and Filecoin.
- Jasper recognizes the recent growth of Rocket Pool, including surpassing Coinbase and Binance in terms of $ETH deposits, despite a slowdown in the rate of growth. He asks Darren about his thoughts on Rocket Pool's growth.
- In the media and marketing segment, Maverick shares updates about recent Twitter spaces, marketing developments, and upcoming calls and panels. He mentions a recent Twitter thread by Messari that ranked Rocket Pool as a leading decentralized staking protocol.
- Jasper introduces the topic of Reth (a Rust Ethereum Execution Layer), a competing execution client launched by Paradigm, and discusses its potential for inclusion in Rocket Pool once it moves to the mainnet.
- Darren suggests that Reth may be introduced on a trial basis on the pre-net before transitioning to the mainnet. He highlights the importance of promoting execution diversity.
- Jasper recalls that just a year ago, they were looking at a 90% execution client majority with Reth, and now this has dropped significantly, thanks to a push for execution client diversity from the Rocket Pool community.
- Jasper mentions a 2200 rETH deposit that led to the most mints in one day. Maverick highlights Rocket Pool as the fastest-growing protocol in the past six months.
- Darren announces Ken will represent Rocket Pool at the Permissionless event in August or September, which they consider a significant milestone.
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