š± Crypto's OVER, itās time to sellā¦
PLUS Friends Tech TVL PUMPS
š Market commentary.
ā¦ according to Metamask, anyway.
GM fellow HODLER, youāre going to need a coffee for this one
On Tuesday the Metamask team posted the most joyous āexitā message I have ever witnessed that goes beyond the standard copy and pasta āThanks for the memories but Iām out of here!ā
The announcement of an in-app āsellā function comes at a time when stablecoins continue to bleed into the real world, recession fears loom, and the future of crypto looks at its most bleakā¦ or at least boring.
If you live in the US, UK or specific parts of Europe youāll be able to hit the new shiny āthanks for the memoriesā cash-out button, turning your magical internet beans back into real-life pieces of gold. The team will be expanding to L2s so you donāt get rekt on Ethereum gas fees on the way out and can swap native L2 tokens for fiat.
In other news, gamblefi is under attack as hackers hone their sniper-like skills to find exploits to tear down the little hopium we all had in the markets. Stake.com got baked as hackers exploited over $41M whilst most recently GMBL.COMPUTER saw close to $1M taken.
However, community sleuths and champions @samczsun @cryptogle helped to identify the thief who had, at the time of writing, returned 50% of the funds.Ā
š¤ In todayās email.
Degen corner. And you thought your friends (tech) dumped on you?
DeFi insights. 11 jaw-droppers
ICYMI. Podcast with Rainmaker Wallet & Zero-Day Futures by jediblocmates
Tweet of the day. 0xSisyphus, wrong answers only
And finally. Leave a comment and give us your feedback
š„ Degen corner.
And you thought your friends dumped on you?
Well, some of them did but we wonāt divulge the worst channels to get dumped onā¦ after all this is a family-friendly newsletter.
In just 22 days the Friends Tech narrative has gone from ālol, whatās this?ā to āfuture of socialfiā to āskemā back to āfuture of socialfi.ā
Despite DEX volume reaching the lowest since Dec ā20, the TVL of Friends Tech has steadily risen as the internal point system gets gamified.Ā
A gamification system that influencers, community leaders and OnlyFans girls can use to curate content to farm with your frens list. Because letās be honest, farming with your frens is much more fun under this summer sun.
Stake frens, earn cousins, dump the ex.
What Friend Tech has proven is that Web3 needs to be mobile first because without it the growth of this technological revolution will be heavily limited to degenerate on-chain gambling and cross-border payments (essential but boring).Ā
That platform that lets you trade perps, snipe micro caps, store your assets, yield farming strategies and of course a virtual gallery to view all of the NFT I bag held to zero, in my opinion, wins.Ā
Add a social community to that idea and youāve potentially created a platform that caters for the past, present and future generations of investors, traders and normies.
š DeFi insights.
The important bits.
Banana Gun - Presale round 1 begins Sept 8th at 5PM UTC - read
HXRO Network - Release the first Zero Day Futures product - read
HyperLiquid - Release LayerZero pre-launch perps - read
Immutable - Tweet āall eyes on Infinit3Victoryā an arcade-style basketball game currently going through beta sign-up - read
Layer N - A dive into the āfinancial "N"etwork of hyper-performant zk-OP hybrid roll-upsā - read
Lybra Finance - V2 minting begins Sept 7th at 1PM UTC - read
Match Finance - A SubDAO of Lybra Finance release white paper - read
Mozaic Finance - Is officially part of the Google Cloud Web3 Start-Up Program - read
Overtime Markets - Release āPlayer Propsā for the up coming NFL season - read
RollBit - Becomes the Official European Betting Partner of SSC Napoli - read
Thales - add $200k to POL deposits on Aerodrome with incentives coming soon - read
š° DeFi news.
Even more important bits.
Cathie Woods files for the second Spot ETH ETF which momentarily pumps (and dumped) the markets - read
FTX bridge tokens back to their native chains whilst migrating SOL to FTX-qualified custodian BitGo - read
South Korean game publisher, Neowiz, join Avalanche Arcad3 to create blockchain games on Avax via its Web3 arm IntellaX - read
UniBot telegram hacked following a targeted spearphishing attack as the token continues to sell off - read
Vitaliks co-authors paper on a āregulation-friendly tornado cashā centered around the protocol āPrivacy Poolsā - read
š« ICYMI.
Life gets busy so hereās what youāve missed.
GM degen podcast: Rollbit goes retail
Listen & Watch.
GM degens, ETFs are fading, the market is STILL boring and Rollbit goes retail. BUT our spidey sense is sensing that something might be coming out of the washā¦ but what?
Tune in on Spotify | YouTube ā
Podcast: DeFi Made Easy with Rainmaker Wallet
Research.
Today you'll learn about how Rainmaker came to be, What makes it so special (including the unique Airdrop Scoring System) and some fun personal quick-fire questions you might not have known about the team.
Tune in on Spotify | YouTube ā
Zero-Day Futures: What are they?
Twitter thread by jedi blocmates.
Imagine being able to short or long your favourite low-cap sh*tcoins. If this does not appeal to you then wtf are you still doing here? If you are interested keep reading.
š„ Top tweets.
To save you doom scrolling.
0xSisyphus, wrong answers only
š¦ And finallyā¦
If youāve made it this far in the bear market, well done and if youāve made it to the end of the newsletterā¦ youāre definitely one of us!
Weād love to get your feedback on what you want to see more of, less of or something completely new as we write this newsletter for YOU!
Leave a comment with your ideas tyvm! šāāļø
much love,
blocmates team š«”
š¤ A final word.
A quick word from our super awesome sponsors who help us make this all possible...
Discover how your skills could power the next generation of web3 and blockchain technology. Your next career move could be one you never imagined. Start your search today at Web3nomads.jobs.
On the āDefi Insightsā section you should give a little description of each project. Right now youāre assuming we know all the projects you write of
thank u , nice