💣 Does Binance Stand A Chance?

OpenAI dev day | Lybra wars | Derivio mainnet

Author

Rekt Radar
November 08, 2023

A weekly recap of the largest crypto events and narratives, with an extra dose of insight.

Here’s what we have for you:

  • OpenAI dev day

  • Binance’s new earn product

  • Lybra wars

  • New Sushi tokenomics

  • Derivio mainnet beta

Howdy Raiders.

The markets have been rangebound for the past few weeks. AI tokens have been pumping on the back of OpenAI’s dev day, with tokens such as TAO and AKT significantly outperforming the market. Sam Altman’s other project, Worldcoin barely budged. It’s honestly crazy how much more impact AI has had on the world than crypto in such a short period of time.

In other news, Binance released a new earn product promising up to 13% on USDT. Truth be told, this gave me a little bit of PTSD. If there’s anything to learn from the previous bull, if you don’t know where the yield is coming from, you are the yield. And I sure as hell don’t know how Binance is able to generate 13% on USDT.

The Arbitrum DAO has officially passed the proposal to active ARB staking. Thus, once initiated, 100M in ARB tokens will be distributed to those who stake ARB for up to a one year period.

-RektRadar

Lybra wars

  • The Lybra Wars have begun. Lido is offering additional incentives for those who mint peUSD with wstETH. Users can now bolster yields by receiving incentives directly from LST issuers.

  • The race to be the dominant LST is on, and Lido isn’t backing down from its dominant position. On top of earning esLBR rewards, one will earn stETH.

New Sushi tokenomics

  • Sushi has updated its tokenomics. The new model is optimized for protocol sustainability, token utility enhancement, and treasury diversification.

  • Some defining features include long-term lockups for greater rewards, NFT trading, dynamic reward adjustments, tier-based staking, and more. There’s a strong focus on actors with long-term incentives that are aligned with the protocol. Worth a long.

Derivio mainnet beta live

  • Derivio, an institutional-grade structured derivatives ecosystem is now live on mainnet. Users can trade perps, options, provide liquidty, and more on 20 different markets.

  • There are many DEXs out there trying to build a CEX like experience, and Derivio is promising trading competitions and retroactive incentives, so don’t miss out.

  1. Read up on how GMX will utilise the 12M ARB reward incentives, and get farming

  2. Pendle is releasing something exciting on Nov 9th, so keep your eyes peeled.

  3. Huobi is launching SHRAP, a promising FPS gamefi project token

  4. Vertex launches take profit & stop loss orders. You have a few more days to farm

  5. Dopex V2 has launched, CLAMM pools are all the new rage

Ansem is bullish on $PRIME. I think gamefi could be one of the largest winners next cycle

Here are Coingecko’s top 7 most searched coins. A few oldies but goodies, and a few new ones.

BananaGun Bot successfully goes through an audit. Bullish.

Ordinals will be listed on Binance. Return of BRC-20s?

Blacking is gamified trading. Who doesn’t love game? Who doesn’t love trading? Best of both worlds.

Notional V3 is live on Arbitrum. Fixed rate lending? Say no more

Linea is launching a campaign to incentivise activity. Maybe airdrop?

Prisma airdrop for veCRV voters. Still a lot happening for Prisma.

BannaGun Bot is doing better and better

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