An announcement last Saturday revealed the formation of Igloo Inc., the parent company behind Pudgy Penguins, Overpass IP, and now – Abstract Chain.

Igloo Inc. aims to establish a comprehensive ecosystem, not driven by speculation, but by enhancing the onchain experience for newcomers to the crypto world. This ambitious initiative,

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A new mobile SocialFi game is launching on Base.

The game is similar to Fantasy Top – except launched on Base and uses Farcaster instead of twitter.

When a user signs up, their Farcaster account is turned into a card that can be bought and sold via a bonding curve.

Each transaction has a fee of 10%:

1. 4% – community pool

2. 4% – Scoop

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With the one year anniversary of GHO approaching, I wanted to attempt to quantify the success thus far of Aave’s native stablecoin.

After launching in July 2023, GHO has amassed a total supply of $88.9M. The borrow rate is designed to mirror other stablecoins, currently hovering between 7.7-11%.

The growth trajectory of GHO has been st

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We’re quite early in the blob market discovery and a second congestion event has led to a lot of discussions on how to handle these in future.

This started with the LayerZero airdrop on June 20, leading to a surge in transaction demand on Arbitrum. Events like these can trigger spikes in the future, showing that blob market is not elasti

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At 8 PM EST, 1.5M ETH (~$5.1B) worth of Pendle PTs will expire.

While this is standard practice, there could be a serious impact on the stability of the LRT pegs.

Rates for the newer Pendle pools are hovering around 10-20% relative to 40-50% rates from a few months ago when many of these PTs were purchased.

PT Redemption Data

1. weETH (

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After being delayed in May, $BLAST officially launches tomorrow, June 26th 10:00 AM EST. While many people view Blast as a “ponzi” chain, the reality is that they have quickly become one of the top L2s. The total supply of $BLAST is 100B. 50% – Co... Read more

Today Solana and Dialect released a new primitive on Solana called Blinks. Essentially, blinks are a way to turn any Solana on-chain action into a link on Twitter/X. This is comparable to Farcaster’s frames but on Twitter/X instead, and from no action on X’s end.

 

My reaction to this announcement, in order, was:

1. Wow this is cool and a m

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TLX is a leveraged tokens protocol on Optimism that launched on 05/16/2024.

Leverage tokens utilize reactive rebalancing, which means no liquidations or margin management.

Let’s assume a BTC long is minted.

As BTC declines in price, the leverage inherently increases in price. This is because the money borrowed is fixed, but the collate

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The crypto faithful are an enthusiastic but impatient crowd. The last couple months of choppy price action has been frustrating for many – especially when other risk markets (i.e. equities) keep printing fresh highs week after week.

Heading into 2024, we outlined a speculative timeline for how things could transpire this year. We cited fa

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Airdrop Update

With the recent launch of $ZRO and $ZK, I wanted to highlight some major and niche tokenless protocols.

This should not serve as an exhaustive list and just protocols I am looking at.

Spot trading/Perps

Hyperliquid – The hyperliquid point system is still ongoing. Season 2 was announced on May 29th and will run for four mo

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