🦎🚀 A little late for points trading, or just in time for the next wave? 🌊

By rahmat hidayat

Tuesday, August 27, 2024

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! Happy with how the week has started, Geckos?     The crypto market continues to simmer in the summer heat, but are we anywhere close to the end?   In today's news:   Points trading perseveres 👨‍🌾 The restaking race heats up 🐎   Read on! 24h Hot Searches Worldwide 🔥 Dogs                         (-7.4%) Dmail Network       (+8.9%) Simon's Cat             (-8.6%) Toncoin                    (-3.0%) Zano                         (+2.8%) Orderly Network   (-12.8%) FET                           (+3.3%)   Ready for GeckoCon 2024? 🚀   This year's GeckoCon: Web3 Games Unleashed is set to be our most dynamic event yet, combining the best of both virtual and in-person experiences! Look forward to keynotes & panels by web3 gaming experts, exhibitions, live gaming, interactive workshops and more.   Secure your spot and join us on November 11, 2024, at ICONSIAM in Bangkok, Thailand.   Enjoy 40% off early bird tickets now! Code: EARLY40 How Big Are PolitiFi Coins?    As the 2024 US election nears, the intersection of cryptocurrencies and politics has been heating up, giving rise to "PolitiFi coins." How big has this subset of meme coins gotten?   Read more to find out. Read more Points trading perseveres 👨‍🌾   Points trading and pre-markets are not dead after all.   Rumpel Labs is planning to launch a new DeFi protocol in September that allows users to trade tokenized airdrop points.   Unlike other platforms that require additional collateralization and are constrained by limited liquidity, Rumpel allows users to wrap each point into a Rumpel Point token through a customized Rumpel Wallet.   According to their blog post, the protocol utilizes its own oracle to verify off-chain point balances, allowing users to convert more of their points as they accrue them.   Should a project announce or confirm an upcoming airdrop, these points can then be redeemed for the underlying share of the airdrop once it is available for claiming, including vested amounts.   With their upcoming launch, Rumpel will also be hosting its own points program, where early access participants will have the opportunity to earn Rumpel Straw.   In other news, Bubbly Finance, a pre-market AMM DEX, has gone live on the Ethereum mainnet, allowing users to trade allocations from EigenLayer and Hyperliquid.   Editor's Note: The hype around points trading has fallen significantly from its peak at the start of the year, especially after the launch of EIGEN and the disappointing post-launch price performance of newly airdropped tokens. Popular projects such as Babylon, Karak, and Symbiotic are still actively running their points campaigns, so these points trading protocols might just be positioning themselves for a potential comeback of the points narrative.   Learn about the most common mistakes that can negatively affect your trading journey and how to avoid them! Watch now The restaking race heats up 🐎    EigenDA, EigenLayer's data availability layer, is now supporting native token restaking for Layer-2s. The launch of EigenDA's 'custom quorums' allows Layer-2s to create their own specific consensus mechanisms for data access and storage. This means that users can now restake any ERC-20 token to provide higher security and earn higher yields. Rollups can now work with the EigenDA team to include their token in the list of custom token quorums, but this process will become permissionless in the near future.     What is io.net? Learn about the decentralized GPU network on Solana for AI development. Learn more In Other News...   Paypal Stablecoin Hits $1B Market Capitalization on Solana. The stablecoin reached new highs, driven by high incentives on Solana platforms such as Kamino, Drift and MarginFi.   MakerDAO Rebrand? The decentralized autonomous organization (DAO) issuer of DAI is starting an optional conversion of its MKR token into the new governance token NewGovToken (NGT). The NGT name appears to be a placeholder until its name is decided.   Ethereum Creator Vitalik Buterin Shares Thoughts on DeFi. The creator criticizes the inflationary rewards of 2021's DeFi summer and instead wishes to see more practical applications of DeFi such as Polymarket.   Esports Team Complexity To Build Fan App on Sonic. Sonic is an upcoming Layer 1 blockchain developed by the team behind Fantom. Sonic Labs aims to draw the gaming community to its array of on-chain games once the L1 goes live. 🦎Tell us what you think!   We've just revamped our newsletter with a new and fresh format!   Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on! Let us know

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