5/
@TorqueProtocol
This is another lowkey, upcoming protocol I've been eyeing.
Torque won the grand prize for the Metaplex cHack.
Web3 Marketing is dominated by airdrops/social. Torque plans to address this imbalance.
Big on my radar.
GM - We're hyped to have received the grand prize for
@Metaplex
cHack amongst some amazing projects. Congrats to all the participants and category winners.
Let us explain what we are building...
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Replies
It's impossible to keep up with everything happening on
@Solana
.
Alpha on FIVE Protocols/Updates (You're Probably Ignoring):
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78
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Solana has been the clear blockchain of choice as of late.
(Reflected by DEX volume, the mass exodus of developers from clunkier chains, etc.)
But with so much going on, it's easy to glance over the trailblazers.
Below are a few of my favorites. 👇
Solana has already done more DEX volume in the first 3 months of 2024 — than in the past 3 years, combined
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1/
@Metaplex
Core
Metaplex recently announced core - a new standard for NFTs.
Core allows for all key data to be stored on one account. This means:
1. It is 87% cheaper to mint than pNFTs
2. Dramatically less complex for developers
3. Overall MUCH lighter on the network.
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That's the gist of core.
For a full breakdown on the update (and everything under-the-hood), I recommend reading the full thread.
1/ Welcome to the future of digital asset ownership!
Metaplex is proud to present Core, the next-generation standard for NFTs on Solana.
Core is now LIVE on Devnet 🦾
Let's dive in 👇
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2/
@RainFi_
RainFi is a borrow/lend platform on Solana; and the team has been crushing it.
Their latest update features Custom token and NFT loans.
20k Droplets will be sent to all WETH/WBTC lenders and borrowers.
Snapshot today, @ 11:59 PM (CET).
Another day, another industry first.
Custom token and NFT loans, on SOL, for $ETH and $BTC.
Built by Rain, powered by
@PythNetwork
.
Yes, this accrues droplets.
Here's everything you need to know👇🧵
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But that's not all... another feature is coming.
Here's some early alpha:
The new feature will allow anyone to buy any token in multiples without price liquidation risk.
Follow
@RainFi_
for the full announcement (today or tomorrow).
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3/
@Flexlend
Flexlend brands themselves as Solana's friendliest lending aggregator.
What that means is Flex checks different dApps for the best rates, and moves your funds automatically.
In summary, Flexlend maximizes your lending rates.
IT'S TIME TO SEE DOUBLE 👀
Announcing Points Lift:
A Points Multiplier Program
Launching first with
@KaminoFinance
, Flexlend is offering users a way to exchange their interest for double the Kamino points with their $USDC deposits.
How?! Here's all you need to know 🧵
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Side Note: I recommend paying attention to protocols like Rainfi and Flexlend.
ATM, they're flying completely under-the-radar.
Without diving into full-on speculation, participation in this ecosystem tends to be rewarded.
DYOR. NFA.
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4/
@AdrasteaFinance
Adrastea has managed to make a lot of noise on the TL.
They're one of the next
@JupiterExchange
LFG candidates.
They're also backed by notable projects in the ecosystem.
I'll be keeping an eye out for them.
You should, too.
We've raised $230.000! 💫
Adrastea is a game-changing protocol that brings you unrivaled yield sources, on-chain transparency, and the highest APY on Solana.
Backed by:
@YoggDAO
,
@midcurve
,
@MonkeVentures
,
@TheChimpions
,
@DeadKingSociety
,
@TheHollowsDAO
and private angels.
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@torqueprotocol
There's a lot going on in this ecosystem, and it's really not possible to keep up with all of it.
So, hopefully you learned something new today.
Shoot these projects and protocols a follow, and feel free to RT this thread.
Thanks for reading.
It's impossible to keep up with everything happening on
@Solana
.
Alpha on FIVE Protocols/Updates (You're Probably Ignoring):
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