Introducing DAWN
• @dawninternet is a DePIN platform on Solana that aims to transform bandwidth into a tradable commodity and decentralize the internet infrastructure
• By enabling households to serve as mini-data centers and ISPs using PtMP wireless technology, DAWN allows users to manage and sell their bandwidth
• DAWN integrates blockchain tech for a trustless environment with Proof of Backhaul, Location, and Frequency to ensure transparency and reliability
Smilee Beras
• @SmileeFinance is launching a limited free mint collection of 6,942 NFTs on Friday, Aug 9
• These NFTs offer exclusive benefits in the Smilee and Berachain ecosystems, including access to the Smilee bArtio testnet and other utilities, in addition to as-of-yet undisclosed perks
• Pre-whitelisted users from partner NFT collections can mint first, with any remaining NFTs available to the public shortly after
• Special traits are included, and there's a quest on Galxe for a chance to get a wl spot. You can check eligibility on the minting page, with the final snapshot at 4 PM UTC the day before
Introducing Flat Money
• The @0xflatmoney Protocol offers two markets: the Flat Money (UNIT) Market and the Perpetual Futures Market
• In the UNIT Market, users deposit rETH to mint UNIT, a delta-neutral flatcoin backed by rETH, earning fees from leverage traders and staking yields
• In the Perpetual Futures Market, leverage traders borrow rETH to open long positions, paying fees and potentially profiting from rETH price increases
• The protocol maintains a delta-neutral position through a shared liquidity pool and adjusts the Borrow Rate to balance incentives between UNIT LPs and leverage traders
Ethena x Solana
• @ethena_labs has integrated with the Solana ecosystem and has introduced SOL as a backing asset for USDe
• Users can now buy and sell USDe on Solana. Additionally, introducing SOL as its backing asset will unlock $2-3b in additional open interest in the SOL futures market
CoW x Balancer
• @CoWSwap and @Balancer introduces a new AMM innovation combining the CoW AMM with Balancer
• CoW AMM is designed to help liquidity providers capture MEV from arbitrageurs, rather than swap fees. Rather than utilizing traditional swap fees as Liquidity Provider revenue, CoW AMM eliminates Loss Versus Rebalancing (LVR) and sends swap ‘surplus’ to LPs
• On the other hand, Balancer specialises in weighted pools and combining the CoW AMM and Balancer gives a dominant LVR-resistant AMM design
Misc News
• @arbitrum partnership with @Circle allows for Orbit chains to use USDC as a custom gas token
• @ethena_labs $USDe is now live on Solana
• Kamala Harris Same Odds with Trump at 49% on Polymarket
• Largest Blast memecoin Pacmoon is moving to Solana with Migration on Aug 14
• $XRP surged 20%+ as it has been fined $125 million as part of its years-long litigation with the SEC. This is considered a win since the proposed fine by SEC was $2 billion