GM Pink 🧠
Here is the top important DeFi news to pay attention to this week 🧵
@KaitoAI is expected to announce a tokenomics upgrade with a time-weighted element and a loyalty element to reward $KAITO stakers, diamond-handed yappers, this week
for those we missed it -
Post BOOP, Newton is also allocating up to 25bps to Kaito eco
this is increasingly becoming the norm we work with projects to activate the entire Kaito eco and reward the most aligned / diamond handed yappers and stakers
as we move into our earn and drop season -
future drops will have a time-weighted element and a loyalty element
time weighted to disproportionally reward early believers
loyalty (undisrupted staking - threshold will be published) to disproportionally reward diamond hands
more details will be out next week
believers will eat
@boopdotfun announced an early end to its airdrop due to abuse and the current mechanism not delivering the expected value.
Update on the BOOP Airdrop
We’re ending new airdrop claims, and doing it ahead of schedule.
Here’s why: the current airdrop setup isn’t working the way we hoped. Instead of creating value across the platform, it’s being gamed in ways that undermines the experience for everyone.
We set out with good intentions, but we failed in designing the airdrop incentives in a way that promoted healthy behaviour for the ecosystem, and that’s on us. As of now, we’ve made the decision to stop what isn’t working.
If you already have a vesting allocation, you're all good. Those are still active and can be accelerated by hitting milestones.
The unclaimed BOOP, except for a small portion set aside for Kaito, will be redirected into a new reward system. This will roll out within the next 1-2 weeks. This new approach is designed to better support meaningful coin launches and reward builders who are here for the long haul.
Day one energy. Long-term vision. We’re here to change the game.
Leading Japanese bank SMBC partners with @AvaLabs and Fireblocks to test yen-backed stablecoins and RWA settlement on Avalanche
@etherlink announced its 4th upgrade proposal, aiming to lower fees, boosting Etherlink with the Tezos Data Availability Layer, faster withdraw of FA tokens and more
@SkyEcosystem The proposal to upgrade $MKR to $SKY has been approved
SKY staking will be launched with new collateral parameters and $USDS rewards.
The poll to finalize the upgrade from MKR to SKY has been approved.
The proposal lays out a plan to:
• Define the process to upgrade the governance token of the Sky Protocol from MKR to SKY.
• Disable SKY-to-MKR conversion in the existing converter.
• Deploy a new contract allowing MKR to SKY conversion at 1:24,000 with an adjustable penalty.
• Enable SKY as the governance token of the Sky Ecosystem Governance.
• Launch SKY staking with new collateral parameters and USDS rewards.
• And other key changes required to complete the upgrade from MKR to SKY.
As the final step in the voting cycle, this proposal will be included in an upcoming Executive Vote. If approved, it will authorize the required deployments.
Zootosis, the biggest DeFi event on @MorphLayer with @MitosisOrg is rolling out
Main assets: WETH, WBTC, USDC, USDT to get Zoots, that are redeemable for Morph and Mitosis token rewards at the end of the event
@ether_fi's fundamentals look strong. $ETHFI buybacks will be done on a weekly basis.
100% of ETHFI purchased will be remitted to $ETHFI holders
@MagicNewton Genesis Launch is live on @base
Magic Newton is a platform for verifiable AI agents in crypto.
It lets users automate tasks like portfolio rebalancing or recurring buys without giving up private keys
26,19 tis.
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