GME stock hit an astounding $64.75 on Tuesday, May 14th. The Solana memecoin version of this hit a crazy $151.2 million market cap. AMC, FFIE, and a couple of other stock coins also went up by crazy amounts. Numerous events and reasons lined up to create this insane boom, but the biggest thing for memecoins was that it took a lot of liquidity out of other coins that were doing well. Now, as people have stopped investing in that meta and returned back to memecoins, those memecoins with good communities that held strong through the dark times, such as $Ceezur, Michi, Mini, and Smiski, are all readily going in the upwards direction. Some advice for anyone reading right now is to always stay up on your game, especially with trading volatile memecoins. Stay up to date and join good groups that teach you more about the game. Good luck out there, and let me know what your strategies have been for trading memecoins.

What are you building or looking to take a position in? Let us know in the comments!

Looking for some advice on leveraging borrow power of BTC for additional yields.

I've got some BTC (0,5 +) that i usually try to borrow with as a collateral to farm profitable staking pools on CEXes (OKX, Bitget, Bybit mostly). Usually i try to find optimal CEX to borrow against my BTC out of top - 10 for lower interest rates and borrow some USDT for pools and tokens for pools (usually BNB, MNT or anything else). The overall strategy is rather profitable for me with abysmal liquidation risks, since i try to keep my LTV lower than 60-70%. APR is rather different ranging from 30 to 150+%.

The main problems are:

1. Pools are limited in time and usually its kinda hard to utilize maximum out of loans in certain point of time.
2. I'm limited to number of accounts i'm able to stake with.
3. Im susceptible to insane increases (hourly) of interest rates (sometimes spiking to 100% Yearly APR, but even when it happens pools APRs are usually higher) depending on crypto market.

Looking to actively get into high APRs LP and Yield farming strategies. Any advice on where to start? Im familiar with concepts in general but for now it seems like a solid strategy only for stable periods or very low % APRs. And i cant see how's that more profitable than what i'm actively doing with all the IL risks

Anyone knows about the crypto marketplace Linework ?

What happens if the AAVE website goes down in the future? How will I be able to pay my loan and access my locked-up funds?

Hey guys!

I've been tinkering with working in Solana lately and I've found it super fun to work with.

I think prediction markets are super interesting, but I found that resolving prediction markets can sometimes be convoluted and prone to error because a centralized entity might be able to have control over the resolution.

An example of this is "Will the weather hit a high of 65F in San Francisco on May 19th? This market resolves to "yes" if weather.com shows at least a high of 65F in San Francisco on May 19th."

This works if the entity is completely trusted, but if a weather.com associate for example sees the prediction market and buys into it, they could potentially maliciously alter the weather data on the site to manipulate the market.

So I was thinking, what if capital was the resolver rather than a centralized entity? So for example, you could "contribute" to side A or side B, and at the resolution time, the side with the most capital wins and reaps the capital of the other side.

This way, any manipulation must be through capital infusion into the pool, and the any capital manipulation would make the capital exposed to significant loss too (if there is manipulation on the other side of the pool for example), which means that the side-prediction itself should be fair.

Obviously, you couldn't ask truthy questions like "Will the weather hit a high of 65F", but you could instead post a picture of a dog and cat and see which one wins.

I'm thinking of making a fun project like this - are there any protocols out there like this right now?

Thanks!

In liquidity pool farming, we always been told to pick a high TVL pool so that the APY will not fluctuate when new investor bring liquidity to the pool, but is there any benefit in investing in low TVL pool if that pair is in high demand? What is the downside and upside of providing liquidity pool with low LTV or even create a pool from scratch? If both pairs are blue chips token, will there be a chance being rugged by traders? and is high price impact is beneficial to liquidity provider or its bad? and any other risks as a liquidity provider?

Can someone explain to me how the price range works when LPing?

I was in the USDC/ETH pool and was making solid gains, but the LP fell out of price range and I was making no money.

Then I moved to a much wider price range, and im making significantly less.

Any help for a newbie?

Hi all is there a quick easy way to exchange eth to btc without using a centralized exchange? What is the cheapest option ?

I have a coinbase account and a metamask wallet and want to buy USDC to send to aave to borrow some LINK (to short the LINK as it is up). However, I tried to buy just some USDC on coinbase but they have "unified" usdc with actual USD. I don't understand how to buy USDC on coinbase now. Anyone?

Anchorage Digital, an institutional crypto platform, has announced support for native DYDX staking, according to the information shared with Finbold on May 14.

The development allows institutions to stake DYDX directly from their secure custody at Anchorage Digital and earn staking rewards distributed by the protocol in USD Coin (USDC). Source: https://finbold.com/native-dydx-staking-now-on-anchorage-digital/

Does the amount shown in the fees and price impact section of the exchange get added/ subtracted (respectively as the number changes from positive/negative depending on the balance between people going long or short) from my initial capital that I use to enter into a position?

Does it get added/subtracted from my profit/loss when I close a position?

What exactly does this number do to me when I open/close a position?

Hi,

I am looking for asset tokenization end-user marketplaces to buy tokenized assets (real estate, precious metals, stock shares... I know it may sound weird to buy tokenized stock shares but that's another subject).

It seems difficult to find anything except the well-known RealT. Do you know some platforms for the investors?

Many thanks

Today we have seen one of the main examples of why Solchan is a beautiful thing. Today a Solchan user posted a small story about their struggles in life and how they’ve persevered through. Today is their 23rd birthday and they have found Solchan as a beacon of hope, for the community and future financial freedom. As of right now, 13,050 Solchan tokens have been gifted to this user for their inspiring story, which is currently valued at $197.  

Solchan is a free speech board where anyone can post their thoughts, ideas, and stories, and connect with others. If you’re feeling bored, go on Solchan, tell us how you changed your life, how you plan to, or just say something funny. 

Solchan has a generous community of people willing to make friends and mix cultures and ideas. If you are seeking a transparent, “real”, social media, study Solchan.

Go on solchan and see the post I spoke about for yourself, it's an example of how humanity still exists in our world today.

I want to know if keeping my funds in Uniswap as a form of stablecoins would be better than storing them in my bank account.

Are the DeFi stock exchanges like Coinbase continue to be the "big companies" that are highly traded, and sought after for jobs? Or will they be new projects and protocols that ought to bring significant revolution within DeFi.

Any insight and opinion?

Ever since Oasis shared its smart privacy vision and introduced Sapphire confidential EVM to enable this, many DeFi projects have benefited. As an early Oasis grant recipient, illumineX brings something very unique to the table. It is the first even confidential multichain DEX that ensures slippage-free private cross-chain swaps and also compliant privacy. Boosted by the Oasis Protocol Foundation (OPF), illumineX has won a 400k ROSE grant which it plans to use for launching its Liquidity Provider Incentive Program.

As a direct benefit of this program, liquidity in specific pools would improve and also help grow the ecosystem while rewarding the community. The three designated pools of the incentive program would be:

• ETH/ROSE
• bscBNB/ROSE (BNB from Binance Smart Chain)
• ethUSDC/ROSE (USDC from Ethereum mainnet)

Going live this Friday, May 17, 2024 at 4 pm UTC, the incentive program will continue for 4 months. With increased liquidity, various cross-chain and native dApps would benefit.

The announcement is well-timed because illumineX is currently working on developing gasless account abstraction stealth wallets that would help bring more adoption among experienced as well as new crypto users. This is also in line with the goal of the DEX in becoming a true omnichain where EVM<>non-EVM swaps are possible. Tests to integrate BTC are already underway, while SOL integration would follow once BTC becomes available on the platform's mainnet.

Hello DeFi Project Owners/Devs,

Feeling overwhelmed with KYC/AML and other regulatory compliance tasks? We've got your back!

At SeeBox Solutions, we handle all aspects of KYC/AML compliance and other regulatory compliance operations, and if needed, we'll even take care of filing compliance documents with the authorities.

We understand that every DeFi startup and its users are unique. That's why we offer personalized KYC/AML compliance plans tailored to your specific needs. Whether it's Limited KYC, Full KYC, or Transaction monitoring services, we've got you covered.

By teaming up with SeeBox Solutions, you can focus on your DeFi project with peace of mind, knowing that compliance is in expert hands.

Whether you want to outsource your compliance operations, implement from scratch, or just need a due diligence audit, let's chat!

As group rules restrict, not posting our website, email links. But feel free to ping me here.

Solchan has officially been on the Solana network for a little over 1 month now. There have been some huge strides made by the team, let's check them out!

Finally after much anticipation you can now “tip” posts on Solchan. Tipping is Solchan’s version of a like or upvote, you see a cool post, tip it! Tipping allows you to send Solchan tokens to whoever the OP is if they have their wallet address connected. 

• The tipping function burns 10% of the tokens and puts 5% of them towards the Solchan team, meaning that the person you tip gets 85% of the original amount you tip. 
• The amount originally tipped will be displayed next to the original post and will have a live USD equivalent. This allows someone to tip say 10,000 Solchan right now for x amount USD then in the future if the token has grown 5-10x the amount in USD will be displayed. 
• FEATURES YET TO BE IMPLEMENTED: tipping leaderboard, who has given and gotten the most. 
• Tipping gives Solchan even more utility than before because you can only use its tokens to tip a good post. 

Get out there and start making some absolutely beautiful threads and get paid for posting your mind online!

Additionally, Solchan has officially partnered with Bonfida, Solana Name Service. This allows you to display your .sol domain on your Solchan thread. So when posting you go from a jumble of characters to a humanized name. 

Solchan is getting closer to the ideal crypto social media, the team has consistently delivered on their promises and will continue to do so. 

Come be a part of a great community and something greater than yourself. Study Solchan.

Hi everyone!

I'm in the process of building a portfolio management tool on excel for highly liquid defi strategies (LP, lending, etc..) that automatically suggests the optimal allocation for each option based on the current yield and the risk score (which I personally assess).

Now, given the large number of protocols and their respective pools, it would be such a pain to go and retrieve the latest yield manually every month when I have refresh the strategy.

Are there any APIs, scraping tools or platforms that would allow me to seamlessly get this data to my excel file?

It would also be amazing to retrieve other data as well (like TVL, volumes, etc) but it's not a priority at the moment.

I'm totally ok with paying for this kind of service, I'm not necessarily looking for something free, although it would clearly be better even if harder to use!

Cheers

i was tranferred ARB the Angle Protocol Distributor on Arbitrum yesterday (https://arbiscan.io/address/0x3ef3d8ba38ebe18db133cec108f4d14ce00dd9ae). ive never heard of the protocol, much less used it. looks like the ARB is legit (comes from the right contract). anyone know what's going on?

Many projects are working with the concept of DeFi to onboard new users into this space and it's known as one of the key components of this industry. DeFi plays a crucial role in transforming traditional finance systems and structuring new methods of decentralized finance. It offers financial instruments without relying on intermediaries such as brokerages, banks, and exchanges by using smart contracts on a blockchain, mainly Ethereum.

Roseon Finance is derived with a vision to solve one key problem of the DeFi sector which is to offer users competitive rewards but navigating through the DeFi ecosystem is difficult for non-crypto users and challenging for some of the newbies in the industry. Thus they aim to bridge the DeFi world of high rewards with the highest security, customer focused and user-friendly interface with their Roseon App.

While using Roseon finance users need not worry about losing crypto due to misplacing private keys or sending funds to a wrong contract address, they safely store keys and will take care of all DeFi transactions. Additionally features like a reset password option will give them the extra advantage to set a new password in case they lose it.

Currently, the Roseon app is available in the Play Store and App Store. Exponential features of this platform give them a competitive advantage to represent their project amongst a large number of users and the inclusion of their native token in another major exchange like Bitget will find a crowd for them.

What are you building or looking to take a position in? Let us know in the comments!

Lets take a look in Uniswap. The DEX takes a cut from each transaction made. Thus providing value in $UNI where shareholders can swap it with any cryptocurrency.

My question is, with the future upgrades of Uniswapv3. During the development process, how does the development team gets income? There isn't any explanation on how DeFi unicorns who performs upgrades on their protocol gets income. Is the income provided from VC funds? If so, what happens if there isn't any more VC funds? They get fired?

So I've always wondered about this concept of tokens that have a tax and where a percentage of that tax amount gets sold and the subsequent ETH gets auto added to the liquidity pool.

Doesn't the drop in price when the contract sells tokenA for ETH surpass the gain in LP when the contract auto adds the ETH back into the LP?

Assume that there is a 10% tax on all transactions which gets auto sold by the contract.

contract sells half of that 10% tax and gets back ETH as a result. It now holds 5% of tokens and 5% of ETH from that original 10% tax amount.

It then adds the 5/5 token and ETH back into the LP pool...

What is the point of this? Does this really increase the LP? It seems to me this is equivalent to wash trading. The LP doesn't increase and in fact I think it lowers every time the contract auto sells just to put the proceeds back into the LP.

Where am I wrong because 95% of taxed tokens do this.