Bitcoin Whale Activity Hits 17-Month High
• Recent data indicates a significant increase in Bitcoin whale activity, with wallets holding 100 or more Bitcoins reaching a 17-month high
• This accumulation suggests that large investors, or "whales," are increasing their Bitcoin holdings, possibly indicating strong confidence in Bitcoin's future value
Camelot as the First Orbital Liquidity Network
• CamelotDEX has rebranded to position itself as the "Orbital Liquidity Network," aiming to expand its influence beyond Arbitrum to a network of Orbit chains
• The Orbital expansion is already underway with 8 chains already live, and the new roadmap is adapted to support this. Some of the biggest Orbit chains, such as WINR, ApeChain, and AlephZero, will launch in September. A brand-new custom-built incentive system will be launched in September, with a future token split, gauges, Integral AMM and more coming soon.
• The first protocol to come out of Camelot’s Orbital Accelerator (yes, there’s an accelerator and rewards will accrue to xGRAIL) will be announced in the coming weeks.
Space & Time
• @SpaceandTimeDB secured an additional $20 million in funding, bringing their total raised to $50 million
Core Product Features: Space and Time DB offers an easy-to-use platform for developers to build decentralized applications (dApps) with a focus on integrating AI with blockchain technology. This platform includes:
Decentralized Data Warehouse: It serves as a hybrid transactional/analytic data warehouse, allowing for both real-time transactions and complex analytics, which is crucial for dApps requiring fast, scalable data operations.
ZK Co-processor (Proof of SQL): This innovative feature allows for zero-knowledge proofs of SQL queries, ensuring that data computations are tamper-proof and verifiable. This means smart contracts can execute complex queries off-chain and verify results on-chain in sub-second times, enhancing both privacy and efficiency in blockchain interactions.
Integration Tools: Developers can leverage pre-built APIs for blockchain data, native integration with Chainlink for oracle services, and tools to join on-chain and off-chain data seamlessly, making it simpler to develop sophisticated dApps without deep blockchain expertise.
Stryke Rewards Change
• The @stryke_xyz rewards mechanism for staked xSYK is changing. Instead of using protocol fees, rewards will now come from $SYK emissions
• Protocol fees will be used to grow TVL by depositing liquidity into @0xOrangeFinance
• From Sept 1 to Sept 30, 9,000 SYK/xSYK will be distributed daily to stakers, totaling 270,000 SYK/xSYK for the month. Starting Oct 1, 2,500 SYK/xSYK will be distributed daily
• Gauges are also hinted to be introduced soon
Frontier Rebrand
• Frontier ($FRONT) is transitioning to @selfchainxyz, and a new token, $SLF, will be the native token for the Layer 1 blockchain
• The total supply of $SLF is set at 360 million tokens, with a structured unlock schedule
• $SLF will be used for gas fees, staking, governance, collateral, and trading fees within the Self Chain ecosystem
• Note, there is an increase in token supply from $FRONT to $SLF. The new tokenomics were approved through a DAO vote, receiving 100% support
Turtle Club Boost
• @turtleclubhouse Yield Boost offers liquidity providers a 5-50% boost in yields for supplying liquidity to partner protocols like Renzo, Zerolend, Linea, EtherFi and more
• LPs join by connecting their wallet, signing T&Cs, and selecting a protocol from the dashboard. There is no counter party risk as you do not deposit to Turtle
• The boosted rewards are distributed as Turtle points, which will later be converted to $TRT tokens. There are no fees charged on boosted emissions or points