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Assumptions on the dominant trends that will shape DeFi in 2024 and beyond from Stacy Muur 1) Account Abstraction will pave the way for onboarding the Web2 and CeFi audience to DeFi. With enhanced user experience, automated and batch transactions, and flexible gas payments, these are just a few of the benefits that AA unlocks. 2) The emergence of ERC-6551 NFTs is set to create new opportunities for the GameFi market. By introducing Token Bound Accounts, NFTs can now be disassembled and configured into individual parts. Additionally, they can function as a traditional wallet, thereby increasing their flexibility for adoption in GameFi. 3) Regulation and compliance maturity While I am a strong advocate for the permissionless and private nature of DeFi, its long-term sustainability requires regulatory adoption. By 2024, numerous countries are expected to establish comprehensive cryptocurrency regulations that prioritize consumer protection, market integrity, and innovation. Clearer regulatory frameworks will attract institutional investors and enhance retail investor confidence. 4) RWA tokenization will foster the onboarding of TradFi to DeFi The tokenization of real-world assets is set to become a prominent trend, allowing for fractional ownership of traditional assets such as real estate, art, and commodities. By leveraging blockchain technology, illiquid markets will gain liquidity, providing retail investors with investment opportunities and democratizing access to valuable assets. 5) L3 blockchains are set to explode With the recent announcements of Fraxchain and Maker Chain, along with OP Stack and ZK Stack unlocking new opportunities for developers, we can expect a surge in dApps migrating to their own app-specific chains. These L3 blockchains offer enhanced performance and absolute interoperability. 6) SocialFi is set to revolutionize the content industry Just as Patreon transformed the game for bloggers seeking monetization, SocialFi, in conjunction with Account Abstraction, will facilitate the onboarding of the next generation of creators into the Web3 world. The potential models that can be utilized are limitless – ranging from traditional subscriptions to transparent ad revenue-sharing programs. 7) DeFi yield sharing: A new form of dividends In 2023, the revenue-sharing model is making a comeback, driving growth in various DeFi applications. When combined with ve(3,3) mechanics and transparent regulation, this technology has the potential to onboard traditional finance startups and established brands into the world of DeFi.

Part 2 4) Alex: What payment methods are available on your platform? Elena: HYVE currently supports several blockchain networks, including ETH, BNB, MATIC, and FTM, with plans to integrate AVAX and other blockchains. Payments are secured through smart contracts, and users have the option to use various tokens for transactions. The platform's flexibility in accepting different cryptocurrencies enhances the user experience. Since we have more than 150 tokens integrated on these chains, some of them are Sandbox, USDD, Frax, Origin Protocol, Shiba Predator, etc. 5) Alex: How to start working through HYVE platform? Elena: To begin working through HYVE: a. Visit the HYVE platform: https://www.hyve.works/ b. Sign up for an account connecting either your Metamask or Social Media account. c. Complete your profile, including relevant skills and information, work experience, portfolio, etc. d. Explore the available job listings, tasks, and digital item sales or you can either post your first offer (as a freelancer) or a task/job that someone can complete it for you. e. Communicate with potential clients or freelancers. f. Agree on project terms and payment details. g. Start working on your projects, knowing that payments are held in escrow for security. For more detailed instructions and the latest information, you can visit HYVE's blog (https://latest.hyve.works/) or their official Twitter account (https://twitter.com/join_hyve).

5 question to Elena Ciobanu, Head of HYVE BD 1) Alex: What is HYVE platform? Elena: HYVE - the largest web3 job marketplace, operates as a decentralized platform that facilitates the exchange of goods and services between freelancers and companies. It serves as a decentralized labor exchange similar to Uniswap but for work and freelancing. HYVE focuses on providing a secure and prompt payment system by holding funds in escrow and swiftly transferring them between parties. 2) Alex: What are the main advantages of HYVE over other freelancing platforms? Elena: Decentralization: HYVE operates on blockchain technology, providing transparency and security through smart contracts. Low Fees: Unlike traditional platforms that charge commissions of up to 20%, HYVE imposes a maximum fee of 2.5% for jobs, tasks, or offers paid in any supported currency. No commission fee is charged if listings are in $HYVE. Cross-Chain Infrastructure: HYVE supports multiple blockchains, including ETH, BNB, MATIC, FTM, and plans to integrate others, offering users more choices and flexibility. Variety of Services: Users can engage in freelance work, hire individuals for specific tasks or long-term employment, and even sell digital items on the platform. Integration of Tokens: HYVE has integrated over 150 tokens on all the supported chains, expanding the range of payment options for users. 3) Alex: Who are your main users? From web2 or web3? Elena: HYVE serves both web2 and web3 users, as it is a decentralized platform designed to accommodate a global audience of freelancers and companies. It offers opportunities for individuals and organizations from various backgrounds to participate in the exchange of goods and services.

There are two types of capitulation: price-based and time-based. If a year ago there was panic and fear in the market because of the price drop, now the main enemy of crypto users is a boring chart without any strong movements. At this long stage, a large number of users leave the market in disappointment.

13,000,000 USD and 50 victims of SIM swap attacks in 2023. The cryptocurrency space has been a big target for criminals and the SIM swap attack vector is something important to consider. TLDR: do not use Cellphone 2FA in any service, ever. Learn how to protect yourself 👇🧵 https://twitter.com/olimpiocrypto/status/1699787778362687687

What should you know about the Base Chain The Base is an Optimistic Rollup built on the Op Stack and is incubated within Coinbase. Currently, Base is the fastest growing L2 solution. Base Mainnet Launch 2023 July 13th Key metrics: TVL - 385m$ Fees (30d) - $3.79m Fees (annualized) $46.11m Base business model According to Token Terminal, 80% of the revenue (transaction fees) Base pays to L1 Validator, and 20% remains to the protocol. Base main events: 1) Decentralized Exchange Uniswap (UNI) has launched on Coinbase-Backed Layer-2 Base 2) Compound Launches Defi Protocol on Coinbase Layer 2 Base 3) 1inch Launches On Base Network 4) Sushiswap integrated Base 5) PancakeSwap Expands to Base As we can see, the most significant defi blue chips integrated in just a month, L2 solution Base. Particular attention should be paid to the Friend Tech project. Friend.tech is a decentralized social app built on Base that allows creators to connect to their audience through tokenized attention. August 10 2023 was the launch date of friend.tech, which is becoming one of the top dApps on Base, topping the charts in revenue and fees generated. As reported by Dune analytics, friend tech has recorded over 85,000 buyers (or users) since its launch on August 10, 2023. Interesting fact: Base is the fastest growing layer 2, having gained 1 million unique addresses in 11 days from its official mainnet launch Today Base has joined the Tokenized Asset Coalition (TAC) with industry leaders including: AAVE, Centrifuge, RWA, Goldfinch, Circle and others. Tweet Base Ecosystem Fund announces first six investments in Avantis Finance, BSX Labs, Onboard Wallet, Open Cover, Paragraph and Truflation. Sources: L2 Beat, TokenTerminal, RWA, Coingecko, Base If you prefer to read Twitter, follow me Alex Lut🫡

3 Websites to Find Recently Funded Web3 Projects – Web3 BD perspective https://www.youtube.com/watch?v=aNypIfB_SKY Platforms mentioned in the video 1) https://www.rootdata.com/ 2) https://alphagrowth.io/ 3) https://www.crunchbase.com/

L2 state, what happens in the layer two ecosystems? A deep dive into L2 solutions: Optimism superchain concept, Base rapid growth, and a list of Layer 2 solutions to be launched in 2023-2024: ⬇️ https://telegra.ph/A-deep-dive-into-L2-solutions-09-02

RWA Report by RedStone and Chaos Labs: The Deep Dive into 2023 Market Key takeaways: 1) Institutions such as JP Morgan, Goldman Sachs, and Hamilton Lane are exploring real world asset tokenization. MakerDAO incorporates RWA in DAI collateral, Centrifuge leads in RWA lending, while Ondo Finance and Matrixdock play the first fiddle in tokenizing exposure to short-term U.S. Treasuries 2) Gold is the second most tokenized asset regarding market capitalization in crypto, following USD, which is the leader. The debt market takes the third place 3) Tokenization technology has the capability to transfer tangible and intangible assets on-chain. Apart from established classes such as real estate, precious metals, and financial products, RWA tokenization extends to intangible assets like intellectual property, expanding the possibilities for creators and innovators 4) Oracles are important cogs in the RWA tokenization mechanism. They provide data feeds, which are utilized to price RWA backed tokens on various platforms and dApps. Secondly, they ensure accurate collateral valuation for CDPs and internal redemption mechanisms of RWA protocols, which ensures fair trading 5) Collaboration between traditional finance and decentralized projects is at levels never seen before. Further adoption faces challenges, including regulatory uncertainty, however, their cooperation can address emerging issues https://twitter.com/redstone_defi/status/1697233147237413324?s=20 Full report ⬇️ https://redstone.finance/reports/rwa-report.pdf

New crypto research 🙃 General ➖ SSRN: Measuring Crypto Literacy ➖ SSRN: Challenges and Prospects of Cryptocurrency in Islamic Finance in Nigeria ➖ SSRN: The Effectiveness of Volatility Control Strategies in Incorporating Crypto or Digital Assets Into Portfolios ➖ Coinmarketcap: What Is SocialFi? The Latest Crypto Narrative ➖ Glassnode: Introducing Cointime Economics ➖ Blockchain Research Lab: Retail Investors in the Crypto-Metaverse: A New Frontier in Digital Real Estate ➖ Blockchain Research Lab: Blockchain Research Lab receives grant from the DZ BANK Stiftung ➖ Galaxy: Top Stories of the Week - 8/25 Market ➖ Coingecko: How Has MicroStrategy's Bitcoin Holdings Evolved, Since 2019? ➖ Coingecko: Global CBDC Development: First Movers & Progress ➖ Glassnode: Evaluating Exchange Risk ➖ Coinbase: Weekly: Back to the Futures ➖ SSRN: The Shift from Private Money into 'Unlimited' CBDCs: An Unviable Development or a Chance for Reform and New Opportunities? ➖ SSRN: Inflation Expectation and Cryptocurrency Investment Blockchains & networks ➖ Coingecko: Fastest Growing Layer 2 Blockchains ➖ SSRN: Blockchain Price vs. Quantity Controls ➖ Binance: Ethereum’s Rollups are Centralized. A Look Into Decentralized Sequencers ➖ Galaxy: Ethereum All Core Developers Consensus Call #116 Writeup Tokens & currencies ➖ Binance: Emerging Stablecoins: Latest Developments ➖ Bitwise: Bitcoin’s Role in a Traditional Portfolio

How many users are in profit or loss according to the IntoTheBlock platform: Ethereum In profit - 54.39% Out of money - 42.26% ARB In profit - 0.02% Out of money - 99.51% OP In profit - 24.95% Out of money - 68.35% LIDO In profit - 17.31% Out of money - 78.69% Link In profit - 10.35%; Out of money - 86.50%; Curve In profit - 0.43% Out of money - 98.79%; UNI In profit - 10.29%; Out of money - 88.58%; Sushi In profit - 0.14% Out of money - 98.55% 1INCH In profit - 0.09% In losses - 98.90% Currently, on average, only 1 out of 10 market participants have a profitable position in altcoins. For any address with a balance of tokens, ITB identifies the average price (cost) at which those tokens were purchased and compares it current price. If Current Price > Average Cost, address is “In the Money.” If Current Price < Average Cost, address is “Out of the Money.” This is not an accurate indicator because data from centralized exchanges and seed/private purchases is not considered ; however, this tool reflects the market trend quite well.*

3) Alex: Do you have monetization for your product? Justin: Our platform is free for end users, and we monetize via our B2B partnerships (ad networks that acquire customers through us and analytics platforms that white label our product for their end users). 4) Alex: Who are your Lead investors? Justin: Lemniscap led our round with participation from Arca, SevenX, Big Brain Holdings, Saison Capital, Diaspora Ventures, and 20+ web3 growth leaders from Sky Mavis, dYdX, YGG, Layer3, Index Coop, and more. 5) Alex: What would you recommend to a web3 startup for a quick jump in development? Justin: It’s super easy to get started. We’re self-serve, so just sign up on Safary and your account will be populated with demo data until you add our tracking tag (2 min setup).

5 questions to Justin, Co-Founder of Safary Platform 1) Alex: What is Safary Platform? Justin: Safary is a community-first company rebuilding the marketing stack in web3 starting with attribution. Web3 teams use our platform to understand their marketing CAC, channel ROI, and customer LTV. Safary works best for websites with web3 onboarding flows (connect wallet). In terms of analytics, we show you: - Funnel: Visitors, Sign ups (wallet connections), on-chain purchases - Campaign performance: ad spend, cost per wallet acquired, etc. - Sources: wallets acquired by marketing channel, by geography, paid vs organic, and wallet provider (metamask, Coinbase, etc) We’ve also partnered with the top 3 web3 ad networks (HypeLab, Slise, Blockchain-Ads) who give our users $1500+ in free ad credit. You can already view the results of these campaigns directly in Safary, and soon you’ll be able to launch campaigns to their network directly from our platform too. 2) Alex: How is Safary different from other analytics platforms? Justin: Two big differences between Safary and other web3 analytics platforms: - Partner Network: Being the leading brand in web3 growth gives us unique advantages. We have partnerships with the leading web3 user acquisition networks (ad networks, quests, etc) who provide thousands in free ad credit to our users. That means our customers acquire users for less through us than on their own. - Privacy: We’re the only cookie-less web3 tracking platform, offering critical insights on your funnel and site performance without infringing on your users’ privacy. That means no consent banners are required. We don’t store personal data or IP addresses, nor do we use fingerprinting or cross-website tracking. Privacy isn't just a buzz word for us. Our engineering team has years of privacy experience: our lead engineer Ricardo has a PHD in data privacy and our technical advisor Italo is among the world’s leading experts on decentralized identity and privacy, having spent 6 years as tech lead at Consensys.

What Is Maximal Extractable Value (MEV)? The popularity of smart contract-based applications opens loopholes for generating additional revenue due to market inefficiencies, the peculiarities of Ethereum and other blockchain architectures, and the automatic market maker mechanism prevalent in DeFi with its inherent slippages and volatile losses. One such loophole is MEV. MEV refers to the maximum amount of value a blockchain miner or validator can make by including, excluding, or changing the order of transactions during the block production process. MEV occurs when the block producers in a blockchain (e.g. miners, validators) are able to extract value by arbitrarily reordering, including, or excluding transactions within a block, often to the harm of users. How Does MEV Work? Since each block in blockchain can only contain a limited number of transactions, block producers have full autonomy in selecting which pending transactions in the mempool—the location block producers store unconfirmed transactions off-chain—they will include in their block. Block producers can extract additional value by taking advantage of their ability to arbitrarily reorder transactions, creating what is known as maximal-extractable value (MEV). MEV Example (Frontrunning and Sandwich Attacks) For example, if a large trade is spotted, a frontrunning bot can copy the user’s trade and create a transaction bundle where their transaction is processed first before the user’s trade. This moves the market price of the asset being traded, causing the user’s trade to incur a larger amount of slippage—the difference between the expected price of a trade and the actual price. As a result, the user’s trade is executed at a suboptimal exchange rate, increasing the costs of using decentralized exchanges in the form of an “invisible fee” where fewer tokens than initially expected are received. Sources: Chainlink, Forklog

Why did we choose Tron Network as one of the chains for stablecoin bridging at Allbridge Core, and what's going on at Tron Network? According to Tokenterminal, Tron Chain is the most popular network in terms of daily users at 1.2m. Next after Tron: BNB Chain - 948k Bitcoin - 660k Ethereum - 319k Tron network currently has a small defi ecosystem, but the leading and very successful use case of Tron Chain is stablecoin payments due to low gas fees. $43B worth of Stablecoins are sitting on Tron (34,7% of Stablecoins Market Cap): - Tether $40,2B - True USD $2,14B - USDD $577m Positive news for Tron Chain is the partnership with Curve Finance - Tron DAO Venture, the investing arm of Tron DAO, has recently purchased $2 million worth of CRV tokens. As part of a partnership, Curve will integrate with Tron and the BTTC network as part of the collaboration. Due to recent events related to the instability of many centralized exchanges, there is a demand for more decentralized solutions to avoid the risk of losing funds on a centralized exchange. Allbridge Core is one of the few decentralized solutions that allows users to transfer stablecoins from various networks - Ethereum, BNB Chain, Arbitrum, Polygon, and Solana into Tron Chain. Thanks to these transfers, the APR on Tron Network has remained above 10% for quite some time and volumes on this network continue to increase each month at Allbridge Core. We are looking for potential partners in the direction of bridge aggregators and on ramp solutions who have a constant demand to buy/sell stablecoins from users. If you are one of them - write me in direct messages @AlexLutAl

Vance Spencer: List of current/future narratives - On Chain Fixed Income / RWA / Stablecoins - ETFs / Institutional Adoption - On Chain Social / On Chain Casino - DeFi Incumbents Scaling Earnings / DeFi FAANG - Gaming / Asia - BTC Halvening / ETH Staking Thats honestly a lot of meat https://twitter.com/pythianism/status/1693735328392073318?s=20

Top 25 friend.tech Accounts by Royalty Earnings 16 out of the top 25 top friend.tech accounts established their profiles within the first three days of launch, resulting in an account age of 9-11 days. These early adopters were already prominent Crypto Twitter (CT) accounts, thus they managed to rapidly attract attention from the CT community on friend.tech. Meanwhile, the remaining 9 accounts within the top 25 entered the scene more than a week after the launch of friend.tech. The age of these accounts ranged from 0 days to 4 days. Of these 9 accounts, 6 were already influential CT accounts that eventually joined the platform. Their entry on friend.tech propelled them to the top of the charts in a short period. What is friend.tech? Launched in beta on August 11, friend.tech allows users to tokenize their Twitter account through share trading, facilitating private messaging between shareholders and the social network owner. The platform imposes a 5% transaction fee, part of which is shared with account holders. Source: Coingecko

What Are Soulbound Tokens? Soulbound tokens (SBTs) are non-transferable tokens representing a person’s identity using blockchain technology. SBT is a type of NFT asset that is issued in a single instance and is forever tied to a single blockchain address. Buterin developed the SBT idea in a new paper titled "Decentralized Society: In Search of the Soul of Web3" ("Decentralized Society: In Search of the Soul of Web3"), published in May 2022 with economist and technologist E. Glen Weyl and lawyer Puja Ohlhaverr. The paper describes a model for a new decentralized digital society with the creation of a counterpart to China's "social ranking" and "digital karma" - all based on Web3, blockchain, and non-transferable token technologies. The wallets that hold or issue these records are called "Souls." Application areas of soulbound tokens (SBT): - Social rating and credit - DAO and communities - Airdrops and marketing - Ownership rights - Confirmation of identity How do SBTs work in Web3? Similar to traditional bank credit scores, SBTs could track a user’s DeFi borrowing history as well as other metrics that determine their risk profile. SBTs are also a proposed alternative for decentralized autonomous organization (DAO) voting. Instead of the current governance model, which is based on how many tokens a member holds, DAOs could issue SBTs that assign voting power based on users’ interactions with the community. Example of SBTs in action In 2022 Binance announced its own SBT called Binance Account Bound (BAB). The BAB token is non-transferable, has no monetary value, and is the first-ever SBT issued on the BNB Chain. BAB aims to tackle identity verification issues in Web3, serving as a digital verification tool for Binance users who have completed KYC. In addition to the Binance ecosystem, third-party protocols will be able to use BAB tokens to airdrop NFTs, prevent bot activity, and facilitate DAO governance voting, among other use cases. Sources: Binance Academy Forklog Mybff

5 questions to Marcin, COO of RedStone Finance 1) Alex: What is RedStone finance? Marcin: RedStone is a modular Oracle disrupting the space by proviging not 1 but 3 dedicated data consumption models adjusted to use case. Additionally, it offer more flexibility regarding avaialble data feeds and is available on every EVM compatible Layer 1, Layer 2 and Layer N network. https://twitter.com/redstone_defi 2) Alex: How does RedStone differ from famous crypto oracles like Chainlink and Api3? Marcin: Chainlink is the biggest Oracle provider, hence is slow to innovate and struggles with legacy infrastructure. RedStone is a nimble and developers needs’ oriented Oracle that is created for a cross-chain world with new assets picking trend reguraly. The innovation by RedStone is keeping signed data packages in an off-chain Data Distribution Layer (DDL) and applying various data utilisation models. https://docs.redstone.finance/docs/smart-contract-devs/how-it-works 3) Alex: Do you have or plan to have a business model for your product? Marcin: We do, projects utilsing RedStone pay a monthly fee which goes to Data Providers, hence they’re incentivised to deliver best quality data (the better data the bigger chunk of fees one gets). 4) Alex: Who are your key investors? Marcin: Lemniscap, Blockchain Capital, Coinbase Ventures, Maven11, Lattice Fund, Stani Kulechov, Sandeep Nailwal, Alex Gluchovski, Emin Gun Sirer, Coinflipcanada. https://twitter.com/redstone_defi/status/1661024722690379778 5) Alex: What are your development plans for the coming quarters? Marcin: We’re launching first production ready implementation of RedStone X that protects projects from Front-running. We’re also working on two-dimensional Oracle delivering not only spot price feed but also slippage information. https://docs.redstone.finance/docs/smart-contract-devs/get-started/redstone-x You can meet RedStone team this year at ETHWarsaw, dAppCon, Messari Mainnet, ETHMilan, ETHLisbon and DevConnect ♦️

Really cool dashboard by 0xangelfish on front-end usage for swaps orderflow Shows the top 3 front-ends are: 1. Uniswap 2. 1inch 3. Cowswap What's also interesting is that people use the Uniswap frontend for small trades. But the larger the trade, the more likely people use aggregators like 1inch and Coswap. Also, people love Uniswap for trading long-tail tokens and ETH/USD For pegged pairs like stETH/ETH and USDT/USDC they prefer aggregators Detailed infographic in a Seraphim's tweet https://twitter.com/MacroMate8/status/1692245375568994571?s=20