X2Y2 vs LOOKS, cBridge Liquidity Mining, The NFT Collectooor

MAY 25, 2022 • 5 Min Read

Joo Kian + 3 others

Disclosure: Delphi Ventures has invested in BTC, ETH, and AVAX. Members of our team are also invested in CrypToadz, Chromie Squiggles, and Parallel NFTs, and were recipients of the X2Y2, and LOOKS airdrop. These statements are intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only and you should not make decisions based solely on it. This is not investment advice.

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Chart of The Day: X2Y2 vs LooksRare

  • Note: The volumes of X2Y2 and LooksRare are filtered to remove wash-trading to show more accurate data on each platform’s organic volume.
  • X2Y2 is another NFT Marketplace that launched a few weeks after LooksRare. Both platforms aim to obtain market share from the market leader: OpenSea.
  • Since integrating with Gem.xyz, both X2Y2 and LooksRare have benefitted as volume continues to grow on their platforms. This is achieved by Gem.xyz users who likely prioritize lower prices over what platforms the NFTs are listed on.
  • Furthermore, X2Y2 started its trading rewards program on May 1st, incentivizing wash traders to increase their activity on the platform. X2Y2 also reduced trading fees to 0.5%, a considerable discount compared to LooksRare and OpenSea, which charges 2% and 2.5%, respectively.
  • However, it remains to be seen if X2Y2 can continue to maintain or grow its market share after the trading rewards program ends. X2Y2 now has ~12% share of the NFT marketplace volume. X2Y2 is neck-and-neck with LooksRare as each platform holds a similar market share.

Airdrops, Cross-Chain Bridges, Lending Markets & the Marshmallow Test

[Excerpt from a Delphi Insights Report]

  • Lens Protocol, built by the same team as Aave, is now live on Polygon. You can now claim your Lens handle and mint your profile NFT. Early users may be eligible for an airdrop.
  • Hop Protocol is offering 25% for finding sybil airdrop attackers. The remaining 75% go to honest users.
  • Optimism has confirmed on its discord that the OP token will be claimable most likely end of May. Currently, 6 protocols on Optimism have announced their OP distribution to community members:
    • Synthetix will airdrop 6M to SNX stakers over the next 6 months and 3M to SNX/USD liquidity providers and other incentives.
    • Perpetual Protocol will airdrop 3M to market makers, lenders and bootstrapping partners.
    • Lyra Finance will airdrop 1M to Builders and 1.5M to Liquidity Providers.
    • Kwenta will airdrop 900K to Platform Migration Incentives and DAO Contributor Incentives
    • Polynomia will airdrop 180K retroactively to users, 129K to Grants and 72K to Liquidity Providers
    • Pika Protocol will airdrop 120K to Traders and 500K to Liquidity Providers
  • zk.money users may receive a retroactive airdrop similar to tornado cash users.

Celer cBridge Farm

Celer cBridge is a cross-chain token bridging experience with deep liquidity for users, highly efficient and easy-to-use liquidity management for both cBridge node operators and Liquidity Providers. cBridge also has new exciting developer-oriented features such as general message bridging for cases like cross-chain DEX and NFTs. Learn more about it here.

Yield calculations can be found here. To access Ethereum, you’ll need to configure your MetaMask to run Ethereum’s Mainnet.

Bridge: You can use Synapse Protocol or Celer to bridge assets over to Ethereum. Ethereum uses ETH for gas.

Tokenomics:

  • Note: Celer Network has not updated its token supply and release schedule for over 2 years. The information found below is aggregated from various blog posts and announcements and could be outdated. Please exercise caution.
    • Total Supply: 10B
    • 25% (2.5B CELR) of the total supply is reserved for Liquidity Mining purposes with a vesting period of 8 years
  • Notable Unlocks:
    • There are no more token unlocks from private and seed investors.
    • 17% (1.7B CELR) has been fully vested from the Foundation.
    • 5% (500M CELR) has been fully vested for Marketing & Ecosystem purposes.

cBridge Liquidity Mining 

  • On the “Liquidity” page, you will see a green “Farming” mark if there is an active mining session with the corresponding chain and token. Your liquidity for that chain and token will be automatically enrolled in the liquidity mining session and yield farming rewards (no manual staking is required).
  • For more, Delphi members can see the full Yield Insights here.

The NFT Collectooor: $50,000 NFT Collection Competition – EP 2

[Excerpt from The NFT Collectooor]

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  • In this episode, legendary NFT Collectors Gmoney and Jon Itzler go head-to-head to build the best NFT collection with a $50,000 budget.
  • Check out their picks to learn more about which NFT projects they’re bullish on and what they consider when picking projects and specific NFTs!
  • For more, you can see our latest Delphi Media releases here.

Notable Tweets

Avalanche Proposes Otherside as AVAX Subnet

Intro to 2D KZG for Danksharding

Learning About Tokenomics

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Joo Kian + 3 others