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2# The Ape Board - 6th February, 2023

2# The Ape Board - 6th February, 2023

Curated feed sharing Alpha, events and insights into the crypto economy...

Welcome to the 2nd issue of The Ape Board.

Markets declined with BTC and ETH giving up gains:

The global #crypto market cap today is $1.10T, a -0.54% change in the last 24h.
Total trading volume in the last 24h is at $67.8B.
#BTC dominance is at 40.04% and #ETH - 17.79%.
07.02.2023 1:02:09 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
1:04 AM • Feb 7, 2023

Volatility remains subdued with choppy markets expected:

The Crypto Volatility Index is at 61.87 📊

The CVI ranges between 0-200
0-85 ≈ Low volatility
85-105 ≈ Medium volatility
105-200 ≈ High volatility

Trade #volatility (CVOL):
Platform 👉🏻 cvi.finance
Sushiswap 👉🏻 sushi.com/swap?token0=0x…
@official_CVI
$CVOL $GOVI
— CVI Daily (@CVIdaily)
9:00 AM • Feb 6, 2023

Some news from the Starkware conference in Tel-Aviv. Looks like StarkNet token is round the corner:

Key narrative at starknet sessions is the plan & motivation to decentralize.
Very different to four years ago — seems like the team has spent a lot of time understanding and adopting the web3 mindset.
Not many teams from academia can do this well. So job well done!
— Patrick McCorry (💙,🧡) (@stonecoldpat0)
1:09 PM • Feb 6, 2023

Also, StarkNet will be soon open-sourcing its Prover 👏:

Open-Sourcing the Starknet Prover.
Entire #Starknet stack is now announced to be open-sourced! 🫡
— StarkWare (@StarkWareLtd)
11:38 AM • Feb 5, 2023

Some Quant analysis on the Shanghai upgrade and repercussions on $ETH:

Canto has dominated our Twitter timelines. Ryan on Canto:

Canto may be the most polarizing new project since Olympus DAO in Q4 2021.
At one end of the spectrum: the belief that Canto is a massive grift.
At the other end of the spectrum: the belief that Canto is the most compelling new L1 experiment in a long time.
— Ryan Watkins (@RyanWatkins_)
4:09 PM • Feb 5, 2023

Nick with his on-chain analysis on Canto:

In reality the top 5 wallets actually make up for nearly 50% of CANTO's liquidity. (Top 2 38%+)
Thus, those few wallets also get nearly half of all CANTO incentives. (LP gets 87%, Staking 13%)
The first pic shows the total of the 3 CANTO pairs, the others the individual pools
— Nick (@0x_Nick_)
5:26 PM • Feb 3, 2023

Eigenlayer raising $50M to develop the future of restaking:

Scoop with @RyanJamesWeeks: Ethereum restaking protocol @eigenlayer is raising $50M in Series A funding at a $250M post-money equity valuation and a $500M token valuation 👀
theblock.co/post/208015/ei…
— Yogita Khatri (@Yogita_Khatri5)
5:19 PM • Feb 3, 2023

Stargate to issue new STG tokens to mitigate security risks:

Stargate proposes to reissue Stargate (STG) Token on March 15th. The reason is that Alameda purchased 10% of the total supply of STG from the Stargate Community in March 2022, and promised to lock it until March 2025, but the current transfer data shows that hackers are stealing.
— Wu Blockchain (@WuBlockchain)
1:40 AM • Feb 2, 2023

Some news from the Layer-2 dapps:

IPOR raises protocol max TVL to 60M after massive demand:

During the weekend, the #IPORProtocol reached its initial max liquidity of $30m.
Due to continued high demand by liquidity providers, the max #TVL is now raised to $60m.
That's a max of 20m per $USDC, $USDT, & $DAI pool.
Deposits are now reopened at: app.ipor.io/pools
— IPOR Labs (@ipor_io)
11:59 AM • Feb 6, 2023

Lyra seeing strong growth after launch on Arbitrum:

1/ Lyra Insights: Data Overview & Key Metrics 🔍
🚀 @arbitrum, the high-speed layer 2 solution on @lyrafinance , was a major success!
- Within the first few days, it reached over $6 million in Total Value Locked (TVL).
- Attracting hundreds of users in its first few days
🧵⤵️
— Lyra Research Collective (@lyrashortput)
11:20 PM • Feb 5, 2023

Victor on the launch of FactorDAO:

Asset Management is a trillion-dollar industry.
Now imagine if just 1% of that industry was on-chain?
Well, soon you won't have to imagine, with a new protocol launching on Arbitrum.
Here's how you can take advantage of on-chain asset mgmt with @FactorDAO ↓
— Viktor DeFi 🛡🦇🔊 (@ViktorDefi)
11:22 AM • Feb 6, 2023

FactorDAO public sale in 2 weeks:

Two weeks to go 🗓️
Are we ready, Factorians?
— Factor (@FactorDAO)
5:14 PM • Feb 6, 2023

going omni-chain with LayerZero:

Trader Joe 🤝 LayerZero
$JOE will be launched as an omnichain fungible token (OFT). This evolution of $JOE will unlock seamless connectivity for the $JOE token across all chains supported by the Trader Joe DEX.
Read more: joecontent.substack.com/p/trader-joe-i…
— Trader Joe (@traderjoe_xyz)
9:01 AM • Feb 6, 2023

Radiant announces the launch of v2:

Radiant v2 is going live soon.
Are you ready fren?
Discussed today:
1. Path to profitability
2. Collateral support for 20+ new assets
3. The Bounty Game
4. Radiant's Country Club
5. Emissions extended to 5 years
6. Zaps, compounding & v2 launch date
— Radiant Capital (@RDNTCapital)
9:01 PM • Feb 4, 2023

Blocmates release a deep dive on TapiocaDAO:

HOLD UP.
We have just released The DeFinitive Guide to @tapioca_dao and it is a 35 page monster.
⚪️ What is $TAP $oTAP $twTAP & usd0?
⚪️ How does the $oTAP Airdrop work?
⚪️ What is Singularity & Big Bang?
⚪️ Alpha on the expected release date 👀
Link 👉 blocmates.com/blogmates/the-…
— blocmates. (@blocmatesdotcom)
2:30 PM • Feb 6, 2023

TridentDAO completed its 3M fundraise:

New to crypto? Alpha on how to optimize learning in crypto:

hoeem’s guide to finding crypto alpha:

Looking to become a web3 dev? Learn web3 for free:

And that’s a wrap for today! Hope you enjoyed reading this.

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