Initia Binance price

Echelon is once again the largest participating protocol on @CabalVIP, making up over 50% of total bribes for @initia's stage 5 voting. Thanks to Cabal, over 45,000 additional esINIT incentives will be distributed to Echelon users utilizing USDC, INIT, milkINIT, and more 👀

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Reign of the USDC whales is coming to an end on @EchelonMarket 🐋🩸 For the first few stages of Initia's VIP, Echelon has won huge. Amassing 370k+ esINIT rewards for the users. But on Echelon, USDC has ruled. 75% of rewards went to USDC lenders and borrowers. Echelon built up a huge USDC stash (88% of TVL). INIT lenders got ONLY 25%. Borrow side not incentivised. 2 months into mainnet and it's time to shake things up. Starting in 24 hours: → 45% of rewards will go to USDC lenders/borrowers (down from 75%) → 52.5% to INIT lenders/borrowers. This shall finally build a healthy supply APY for lent INIT on Echelon. → Rest is used to incentivise milkINIT, sxINIT, and deINIT deposits which should help build up demand for these assets further! This change also opens up the field to v interesting and profitable farming strategies. (1) Supply a bunch of sxINIT, (2) borrow INIT, (3) supply sxINIT again. Loop maxxing. This position will then be earning: amplified staking yield, bribe rewards from cabal, and VIP rewards on both supply and borrow side! Love this tweak by the Echelon team. Initia DeFi is starting to warm up the engine :)

RoLL uPs ArE tHe FuTuRe! Imagine launching a chain where a 10 day withdrawal time, on a money market app no less, is considered ok! Unfortunately, it looks like @initia is already dead on arrival. Their entire ecosystem has been overshadowed by their own USDC - INIT LP at 65% APR, and even then, it's a fine balance between farming the yield, and being the exit liquidity. Disclaimer: Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Market view 414 reappears, whether the market can rebound After the key level of 106300 was broken, the market fell further this morning due to Israel's bombing of Iran. Bitcoin is pinned down to the 103100 range. The cottage has largely fallen back to the June 6 lows. Most of the family members are still losing money even more than on June 6 because of the increase in the middle of the copycat The FARTCOIN we mainly observe is actually still supported above the 1.1u key level, but most of the rest of the coins have very obvious drawdowns. For example, INIT has fallen below the previous low and entered a new low, and AI varieties such as AVAAI have also fallen significantly. This shattered once again our idea of trying to find out the bottom of the game on June 6 and catching a wave of the main ascension This time the final downward insertion (bitcoin fell to 103100) is mainly due to the war, so we also need to analyse when the war will subside At the time of the last Israeli-Iran conflict (414), the copycat had a super plunge (which also caused me to incur huge losses and was on the verge of liquidation). This time, because the cottage is still relatively low, the expected "super crash" did not happen Bitcoin is also relatively supportive (support is in the 103,000 zone, followed by a rebound to the 105,000 zone). The market's response to this panic can be said to be better than the last decline (also because the copycat is really unable to fall, while bitcoin has a very strong buying and has not been able to fall) If the war escalates further, I think that if Bitcoin falls below the support zone of 101500-103000, it may further test the bottom support of 95500, which is also the worst outcome. If the war does not escalate further and holds around 103100 without further decline, then the market will continue to move towards new highs after stabilising I think that every war is generally an opportunity for us to buy the bottom, but the difference is "the current position is the bottom", or "the bottom is after another wave of decline" The overall market this year can be said to be in hell for a long time, especially for copycats. Perhaps monthly settlement is already a luxury, and only by doing "weekly settlement" can it be profitable in the future This article was sponsored by #BCGAME|@bcgame @bcgamecoin