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The Home Coming of Solana’s ETF?

Another brand new day and we are back with another new edition of ‘Decentralize Your Week‘.

In today’s edition, we gonna do some digging in the trenches for some juicy updates:

  • The Solana ETF: Possibility or Myth?
  • The CPI Report : June 2024
  • Gari Research
  • The Week in Review

The Home Coming of Solana ETF? 🏡

The SEC recently giving the green light to the Spot Ethereum ETF, max bullish vibes on the timeline.

But since the crypto community is always hungry for more, the ETH ETF seems like old news at this point.

Yesterday, a number of posts appeared in the wild about BlackRock initiating the application process for a Solana ETF.

Now before you go and move that leverage slider to 125x and go max long for generational wealth, hear us out…

Firstly, no concrete sources confirm these rumors.

It is important to dive a little deeper into the current landscape and assess the likelihood of a Solana ETF becoming a reality.

The SOL ETF: Macro Economic Lens 🔍

If data and research are anything to go by, then BTC & ETH received their own ETF after much dabbling in the traditional world of finance:

  • SEC Challenges: Solana is currently entangled in court cases with Coinbase and Kraken, where it is being considered a security by the SEC. Unlike $BTC and $ETH, Solana carries this additional regulatory baggage.

    Why Is Solana Viewed as a Security?

    • Token Distribution: Tokenomics of Solana are way way different when compared to ETH & BTC
    • Token Launch: Fundraising through venture capital and various OTC deals over the years
    • Decentralization: Concerns about the level of decentralization with concentrated liquidity

    While some argue that Solana does not qualify as a security, its current legal entanglements make the approval of a Solana ETF challenging.

    Furthermore, Both $BTC and $ETH required futures ETF approval before any spot ETF approval.

    This process took at least two years to ensure market stability and prevent manipulation. Many believe this precedent will apply to all new ETFs.

    If true, this would be a significant development for $SOL, which boasts a market cap under $100 billion.

    We all can now eagerly await the approval of the S-1 documents so trading of the ETH ETF can commence.

    It is high time our portfolio turns bright green and on a moon mission (I am not crying, you are)

    An Alternative: Litecoin

    Litecoin is an overlooked Dino coin that can actually get it’s own ETF after BTC & ETH.

    Litecoin, launched in 2011, has a market cap of over $7 billion and more than 4 million holders.

    The approval of such an ETF could make headlines and shake up the market, and give Litecoin the boost from the trading range it has been surviving in since the end of the 2017 bull-cycle.

    However, in all seriousness, the probability of a Litecoin ETF being approved this year is about as low as that of a Solana ETF— super duper low!

    The CPI Report : June 2024

    If your portfolio is down bad and you want to cry, then join us as we mourn the red candles together.

    Bitcoin is bleeding out slowly and Alts have been kicked down to the depths of hell. But WHY you ask?

    The dreaded CPI Report is due today, 12th June, 2024

    There is a risk-off sentiment when it comes to financial markets during an Federal Open Market Committee (FOMC) interest outlook.

    “The stage is set for a frantic macro-Wednesday, with both May CPI data and the FEDs interest rate decision poised to move the market,” K33 analysts said.

    But is this truly a risk-off playbook or a wider market manipulation at play here?

    According to X user: Gumshoe

    While Market Makers & Whales do tend to manipulate prices to shake off retail and force liquidations, we cannot discount the fact that these tactics are unheard off.

    As seen in the tweet image above, this is the 4th reoccurrence of shady price-action just before the CPI report numbers are announced and then the market goes on V-shape reversal rally on the announcement.

    Will this time be different or not? We gotta wait and watch!!!

    Gari Research 🔥

    The need for Data Scalability in Web3

    What is Data Scalability?

    Data scalability refers to a system’s ability to handle an increasing amount of data or to expand to additional growth.

    This can be further divided into two broader segments:

    • Vertical Scaling: Enhancing an existing machine by adding more power, such as additional CPU or RAM.
    • Horizontal Scaling: Increasing the number of machines in the resource pool.

    Why is Data Scalability Important?

    1. Performance
    2. Cost Efficiency
    3. User Experience
    4. Future-Proofing

    Data Scalability in Web3: Building the Future of Decentralized Applications

    As the Web3 ecosystem evolves, effective data scalability becomes super crucial.

    Unlike Web2, Web3’s data needs are fundamentally different due to the shift from centralized to decentralized data models. This shift affects various factors such as data requests, caching, and peer-to-peer (P2P) networks.

    Why is Data Scalability Crucial in Web3?

    1. Avoiding Network Congestion
    2. Enhancing User Experience
    3. Increasing Cost Efficiency
    4. Emphasis on Encryption & Security

    Key Challenges in Web3 Data Scalability

    • Blockchain Size & low Transactions Per Second on Layer-1 solutions
    • Transaction Throughput: Limited transactions per second (TPS) on major blockchains like Ethereum can hinder scalability
    • Decentralization Trade-offs in regards to data storage and encryption
    • Interoperability between blockchain is still a huge concern

    All of the above can be seen as diverse players that need to be addressed as pain points to achieve data models that can be game-changers in their own right.

    The Week in Review 🕵🏻‍♂️

    Polygon announces grants program for builders: The Layer-2 project plans to bestow the gift of MATIC to entice developers with $22M (35M MATIC) in grants for building within the Polygon ecosystem. “Season 1″ is open until August 31.

    $270.4 million in liquidations : The selloff has led to the liquidation of about $270.4 million in leveraged positions over the past 24 hours, according to CoinGlass. Amongst the liquidation figures, $238 million were long positions.

    BNB breaks its previous All-Time High: Binance has managed to recover some of the spot market share it lost towards the end of last year. The exchange still counted for a sizable 37.5% of spot volume in November 2023. BNB surged 18.6% in just three days in early June, climbing from around $600 on June 2 to $700 on June 5. This sharp surge seemingly happened without any big news regarding the exchange or the blockchain.

    A new Liquid ReStaking Platform- Mellow : “Mellow enables depositors more flexibility regarding their desired level of exposure to risk, while still benefiting from the liquidity of staked assets. This is achieved by dynamically adjusting strategies within each vault based on real-time risk assessments and market conditions,” the team claims, according to their documentation.

    Memecoins are Bearish : Meme Sector Sees Sharp Sell-off as GameStop Losses Extend to 60%

    DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

    Picture of Anisha Gupta

    Anisha Gupta

    Decentralize

    Crypto Nodes: The Hidden Gem of Web3

    In today’s edition of “Decentralize Your Week“, we are looking at something super “Under-Farmed” in the crazy Razzle Dazzle of Crypto… NODES

    A node is a working unit of a blockchain. 😳 It is a program on a server, or device. In simple words, a node is responsible for signing transactions, providing network stability. Any hardware, at least a bit powerful, can be a node, even a laptop. But it will have to work 24/7.

    Now while everyone, including their grandma 👵🏻 knows about Airdrops, but very few seem to understand the relevancy of running NODES to support a project network.

    In today’s edition, we will cover:

    • The benefits of running a Crypto Node
    • Potential earning opportunity 
    • Running a Crypto Node for Non-Technical folks

    So let’s dive right in…

    Why Nodes? 👩🏻‍💻

    👉🏻 Running nodes and supporting the project network is SUPER COMPLICATED!!!

    Projects value that, it is not like airdrop farming. Once you understand that angle, you will realise the potential node running has and why it is one of the most lucrative opportunities for degens like us.

    🔸For blockchain to work and transactions to be signed, you need computers to do it. 

    🔹This means that the owners of these devices need to be motivated to get connected.

    🔸This usually happens during the Testnet Phase, when the network is being tested and bugs are being found before the official launch.

    While every project has various requirements in terms of Hardware Requirements to running a Node, we will cover two examples below:

    MONAD Node:

    Monad: Blockchain Layer 1 with a Target of Processing 10,000 Transactions Per Second | by Ctuann Incog | Medium

    Expected hardware requirements to run a Monad full node: 

    • CPU: 16 core CPU 
    • Memory: 32 GB RAM 
    • Storage: 2 TB NVMe SSD 
    • Bandwidth: 100 Mb/s

    Powerloom Protocol Node:

    System Requirement to run a Powerloom Lite Node:

    • RAM: At least 4 GB.
    • CPU Core: Minimum of 4 Cores
    • Disk Space: A minimum of 40 GB
    • Python: Ensure Python 3.10 or newer is installed

    Now, if you look closely, the system requirement for a Powerloom Node is much lesser compared to the Monad Node.

    Why is that you ask?

    This is where LITE NODE & FULL NODE enter the scene.

    🔸Lightnodes pass data through themselves, so they will only take ~200 MB

    🔹Fullnodes must store data, so they can weigh as much as 40 GB.

    An alternate to all this hassle would be simply renting a VPS server and letting them do all the heavy lifting for you.

    No Bandwidth issues, System uptime issues & other technical dependencies. Users are just required to pay a monthly fee to rent the server.

    The NODER Evolution

    With the crypto space as a whole evolving with every cycle, even project nodes have advanced with the deployable tech available.

    Today there are multiple forms of Nodes available for the public to run and not just limited to the Tech Geek in his crypto lair.

    🔸SBT (Soul-Bound Token NFTs)

    Instead of giving permissionless access to Node operators, XAI offered a public sale of what they called XAI Sentry Node Keys.

    This key once minted became an SBT, which means bound to 1 wallet and non-transferable.

    This not only helped the project to raise capital but also provided them the opportunity to reward users who had skin-in-the-game.

    XAI Price Prediction – Next 10x Crypto?

    𝐗𝐀𝐈 ( 350- 2200$ Airdrop/wallet) 

    ✓ Legendary NFT Holders received 290 XAI per NFT, amounting to $377 

    ✓ Vanguard NFT Holders received 1307 XAI per NFT, amounting to $1700

    ✓ Sentry Node Operators received 1658 XAI per node/key, amounting to $2155

    🔹Celestia Node Operator

    The darling of the crypto world currently, Celestia is a playbook for airdrops.

    & they began their journey with an airdrop to multiple cohorts as well, namely:

    • ATOM stakers & IBC on-chain relayers
    • Research & Public Goods
    • Early adopters of Ethereum rollups
    Modular Blockchain Celestia Goes Live With Traders Receiving TIA Tokens

    𝐂𝐞𝐥𝐞𝐬𝐭𝐢𝐚 ( $450 – $21,000 Airdrop per wallet) 

    ✓ TIA Airdrop was received by large amount of users

    ✓ Around 40% were received by Airdrop-hunters

    ✓ Node operators received around $16,000 – $21,000 in tokens

    NODES for the Non-Tech Folks 🤓

    While running a node on the user-end can get super complicated with code on Terminal looking something like this 👇🏻…

    This might become a huge headache if Coding isn’t your first love…

    The solution???

    Well, now we have One-Click Node solutions that help in one-click Node deployment for a nominal monthly charge.

    User intervention is at the absolute minimum and all the technical aspects are handled by the service providers themselves, including VPS, RPC, Testnet Network support, Testnet tokens etc…

    P.S- Please do your due diligence before taking any actions in the crypto space

    MilkyWay: $TIA Liquid Staking

    This airdrop will require you to stake some TIA tokens through Osmosis.

    Jito rewarded users with a $10,000+ airdrop for staking just 1 SOL.

    Users will need to simply stake their TIA on the MilkyWay app and hold it.

    The project has confirmed that there will be a $MILK token that will be allocated to early users.

    Remember staking will lock funds for 21-24 days and if immediate unstaking is done, then a 1% fee will be charged on the withdrawal amount.

    Users can also add their milkTIA to pools on Quasar and earn 15% extra yield on their investment.

    MilkyWay currently has their Points system live and holding $TIA awards 1 point every 24 hours, but if the MilkTIA is used for any of the partnered DeFi protocols, then there is a points multiplier in place, up to 1.2x per day.

    MilkyWay have recently been announced they are backed by Binance Labs, which is a huge news and something to consider.

    So grab that $TIA my friends

    Fin Fin Fin.

    So that is it my fellow geeks. It is time to level up your crypto game and look beyond trading shitcoins.

    Learning and playing around with advanced technicalities will pay you off in the long-run and for multiple Crypto bull-cycles.

    We will catch you in the next one!!!

    Ciao.

    Picture of Anisha Gupta

    Anisha Gupta

    Decentralize

    Blockchains are Dead ⛓️💀

    The past week in Web3: A particular report has declared a few Blockchains as good as dead, Stripe takes the off-ramp game to a new level, some Alphas for free $$$

    Welcome to the 1st edition of the GARI Web3 Weekly! The masterpiece to catch up on everything blazing in the Web3 space and some juicy airdrop guide to get your portfolio smiling.

    img

    Blockchains are DEAD ☠️

    Forbes Crypto has been on a tear with their recent report pn ‘Zombie Chains‘, now before you think this is the newest memecoin on Solana, please keep reading…

    Screenshot

    The above report clearly outlines why the mentioned blockchains have no utility.

    The report takes into consideration variable metrics, the most important being :

    • Market Cap
    • Monthly Active Developers
    • Total Value Locked (TVL)

    All of the above blockchains have witnessed at least one full bull cycle and yet have to prove the utility they bring to the table.

    Sitting at comfy $1 Billion+ valuations across the board, hardly have any developers building dApps nor do they have a Product Market Fit (PMF) even in 2024.

    It will be interesting to see how these projects perform in the present timeline post the Bitcoin Halving.

    To the Moon or the Dust???

    Lets Go Stripe 🚀

    Stripe, one of the largest players in the FinTech world has made very positive moves for Crypto.

    In a previous bearish move, Stripe had stopped their love for crypto citing reasons for the rising costs of the Bitcoin blockchain.

    They are now back in the game with a huge focus on bridging the gap between merchants and crypto payments.

    Let’s break it down FAST:

    • Stripe will now allow merchants to accept payments in USDC on Solana, Polygon & Ethereum.
    • Simple off-ramp for merchants with USDC which has no price volatility as compared to an asset like Bitcoin
    • Crypto stays with Stripe; Stripe pays out in Fiat

    The entire process is as simple as crypto can get for retail. This is the ultimate bridge for millions of users and brings in higher user inclusion.

    Merchants do not need to care about how the USDC is getting converted, taxation id, wallet address or the blockchain being used…

    The end-to-end infra here is being handled by Stripe and will be a game-changer in terms of retail user adoption in coming times.

    Bullish Vibes Only!

    ETH ETF & Courtroom Drama 🧑🏻‍⚖️

    First a GIF for all our ETH Bros 👇🏻

    Okay, so ETH isn’t pumping and that is sad, but there is more to things than just GREEN CANDLES on the chart 📈

    Speculations are raging faster than a forest fire about an ETH ETF getting approved.

    Crypto bros are rooting for it because if Bitcoin can have its own ETF, then it makes sense for ETH to have its own kingdom right? RIGHT?

    Not if the SEC goes mental again.

    The US Securities and Exchange Commission (SEC) is like the most toxic dating app match you can wish for. Their stance is never clear on certain things, sometimes their decisions are cloudy like the London sky and when it comes to crypto?

    Ohh boy, complete American Psycho there

    The SEC wants to stick to their stance of ETH being a security. This is super problematic as this will hurt Ethereum in more ways than one.

    We have previously witnessed the same with XRP and how crypto exchanges delisted the token without batting an eyelid.

    This is now a waiting game in every way because of the following reasons:

    • No clarity on the ETH ETF proposal filings
    • SEC has not cleared its view on whether Ethereum is an asset or security.
    • May deadline for ETH ETF approval rapidly approaching

    Another twist in the story here comes in the form of Consensys suing the SEC

    Consensys wants to fight the big finance boys for deeming Ethereum as a security and they believe that the SEC is misusing its power and arm-twisting the entire crypto industry since a long time now.

    It is what it is. Let us know your thoughts on the ongoing drama and what is your take on a potential ETH ETF approval.

    AIRDROP! AIRDROP! AIRDROP 🪂

    Finally time for some Airdrop Alpha for our Airdrop Hunters 🎯

    $GRASS Epoch 4: Invite Only EPOCH

    100,000 $GRASS points are trading on Whales Market for $0.0027 per point = $270 

    That is $270 for simply sharing internet with $0 investment!

    Step 1:

    • Head over to SIGN UP
    • Referral Code: 3YrAZG3oYQkkuWz
    • The above code will allow you a minimum 75% Network Health
    • Higher the Network Health, higher the DAILY POINTS

    Step 2:

    • Download the browser extension on Chrome browser & connect your WiFi

    The $GRASS airdrop Alpha

    1. Simply have you network running as much as possible
    2. No user intervention and monitoring required
    3. The dashboard has complete data metrics on Network Health, Data shared, Referal Network Usage and Data Labelling

    Grass has introduced a new layer of gamified experience by splitting the programs into different tiers:

    🔸 Iron
    🔹 Bronze
    🔸 Silver
    🔹 Gold
    🔸 Platinum

    The higher is your network points on the platform, the faster you climb through the different tiers.

    These tiers will have a definite impact on the final allocation towards the airdrop.

    Grass has gamified the experience and this should definitely be a juciy airdrop withount any investment required.

    Epoch 4 ends on May 10th, 2024

    Currently with the above code you can earn upto 3,000 points per day, roughly 60,000 points for the epoch.

    The TGE of the $GRASS token should be in Q2 end and there should be the final EPOCH 5.

    Ample time to farm the Airdrop.

    Fin.

    And that’s all folks for the first edition of the Gari Web3 Weekly.

    Expect a lot more alphas, airdrop hunting strategies and hot take on the Web3 ecosystem from us in the coming weeks.

    We have just started up the Mothership…

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    Anisha Gupta

    Decentralize

    🚨AI + Web3 + GPU = Trillion $$$

    GM to my Gari folks! Hope the market heat hasn’t burned you with Euphoria 😉

    🔸Today, in Edition 2 of our newsletter: “Decentralize Your Week“, we will discuss an insanely popular Super-Cycle Narrative of 2024 in the Web3 space: AI

    🔹A look into some crazy crypto space updates & the introduction to ‘The Gari Research Center‘

    🔸Airdrop Alpha like no other 🤑

    So let’s get the party started…🕺🏻

    The Curious Case of AI + GPU + Web3 🤖

    The above GIF might be an accurate representation of my current state of mind

    Anyway, Artificial Intelligence (or let’s address it as AI) is a BIG DEAL:

    🔸OpenAI is going insane with developments across the board
    🔹AI is going mental in the hardware realm with the new Bose soundbar
    🔸ChatGPT is officially a BFF for scores of students across the globe 🌎
    🔹AI has the strongest use case in the realm of Gaming
    🔸 The AI narrative in crypto is on a Moon Mission

    But amongst all this, AI is seriously seeing a MENTAL UPLIFTMENT in the Web3 space. Yes, retail will NOT notice now, but the storm is brewing my friends.

    Look around Crypto Twitter (or Crypto X) & AI coins are the buzz in town…

    Top AI & Big Data Tokens by Market Capitalization. Source: CoinMarketCap

    Look above at the data gathered from CoinMarketCap & you will witness the Euphoria with the Gainzzz…

    Today’s top-performing AI tokens are in the Top 100 Ranking crypto tokens. This is a huge deal since Total 3 Marketcap considers the top 125 assets in terms of crypto market valuation excluding BTC & ETH.

    🚪Knock Knock: Enters Grok

    Grok who??? 🤷🏼‍♂️

    The father of all degens, Mr. Elon Musk has also driven a Cybertruck into the AI universe with the latest offering called Grok AI

    Grok is supposed to be the sassiest AI on the block, brought to you by none other than Elon Musk’s latest brainchild, xAI. 

    This tech marvel is not your run-of-the-mill artificial intelligence—it’s got a personality inspired by “The Hitchhiker’s Guide to the Galaxy” and a rebellious streak that’s bound to make you chuckle.

    According to the official xAI statement on a lazy Saturday, Grok is here to tackle the “spicy questions” that other AI systems might shy away from. 

    Imagine asking it for a step-by-step guide to making cocaine, and Grok hits back with a witty response like, “Oh sure! Just a moment while I pull up the recipe for homemade cocaine. You know, because I’m totally going to help you with that.” 

    Talk about a digital rebel with a cause!

    Grok isn’t just armed with a sharp tongue; it’s also packing some serious data power from X, Musk’s social media platform that’s not Twitter anymore (it’s X, get with the program!). 

    Musk even threw shade on Sunday with a side-by-side showdown, pitting Grok against another AI bot. 

    Spoiler alert: Grok had the upper hand, thanks to its access to the latest and greatest info.

    By now we all know that betting against Elon Musk is a BIG NO. From Tesla to The Boring Company to SpaceX, Elon Musk is a certified GENIUS!!!

    🧠 The Gari School of Thought on AI: 

    The below thoughts are 100% our own. No AI was involved here. 100% (we don’t do that here)

    Elon Musk is turning a lot of stones to make X profitable after that huge acquisition cost that left his balance sheet, but is GROK simply an AI tool ‘cause AI is Cool??

    Our Answer: Nope. You see, AI is the future of many things. Let’s not debate on that!

    Today we are seeing a lot of AI in everyday products, such as Washing Machines, Consumer Apps, Televisions, and Sound systems… the World is taking notice of AI in a different light. 

    All of the above makes the entire AI party even more crucial for crypto. You see, AI does not work independently (at least not yet): 

    🔸AI x Internet
    🔹AI x Smartphones
    🔸AI x Blockchain
    🔹AI x Hardware

    It is a complete takeover, but what we are witnessing here, might just be the next chapter of the next-gen internet and changes the entire realm “as we know it”.

    Blockchain AI projects are actually helping other projects scale and will give a huge boost to Layer1 blockchains that might not be interested in SideChains or Layer2 solutions…

    The potential is untapped and we are super interested to see the scale of things, not only from a crypto perspective but also from a macro view of the Long Term Growth game.

    So raise a toast to the next Billion Dollar industry = Artificial Intelligence 🥂

    🦸🏼‍♂️ The Binance (Super) Web3 Wallet

    Who asked for Binance to go Mental? = Everyone
    Who asked Binance to give Bull Market Vibez = Probably CZ

    So if Spot Trading, Futures Perpetuals, Copy Trading, P2P, Margin Trading, DCA bots among the many offerings weren’t enough…Binance has launched even MORE for users…

    The Binance Web3 Wallet allows users to access multiple blockchains as well as interact with ecosystem dApps without ever switching from 1 app to another.

    Users can transfer funds between exchange and wallet quickly and easily. Enabling a move across CeFi, DeFi, and Web3 in a single tap.

    What should sail the boat for traders/degens across the board should be the Self-Custody Wallet.

    Nope, this isn’t a typo lads…The Binance Web3 Wallet gives users complete control over their funds. 

    So no *cough* FTX *cough*

    (None of this is Financial Advice & we are not guaranteeing the safety of funds here.)

    The paranoid trader in me loves the Risk Control feature on offer, which enables the user to be notified about a potential security threat in a token or blockchain…woohoo

    This particular Web3 wallet app is not only great for PRO traders, but is also amazing for onboarding newbies into the crypto ecosystem and eliminating the entry-level barrier currently present within the Blockchain space.

    P.S.- All views above are solely of the writer as a trader and advanced user in the Web3 space.

    The Gari Research Center📚

    We have seen the power of blockchain, but what if Real World Assets (RWA) are brought to the blockchain and everyone can own a part through tokenization?

    What does it mean to tokenize RWAs?

    Real-world assets or RWAs are fungible or non-fungible tokens representing traditional financial assets, such as real estate, art, gold, property rights, and commodities, on the blockchain.

    These transferable units enable people to invest in assets that were previously inaccessible.

    The tokenization of RWAs, thereby, means to render the rights or ownership to an asset as a tradable, on-chain token on a blockchain where one can trade with a single fraction of the asset.

    What does Real World Assets bring to the Web3 space?

    • A unique investment platform which uses its liquidity to invest in various asset classes, with a strong focus on property
    • Users can ‘tokenize’ various asset types
    • The network aims to modernise the custody of assets, process through which assets are issued, analysed & exchange
    • Fractionalize the purchase of luxury assets which was previously impossible for retail investors
    • Introducing the potential for enhanced execution of network services and increase in liquidity

    🐻⛓️ BeraChain- Testnet (Airdrop Alpha)

    Berachain Testnet Airdrop - Earn free $BERA tokens exclusively at AirdropAlert.com

    One of the most anticipated & hottest chains to enter the crypto space, Berachain is now live on testnet.

    The anticipation was so high, that even now the testnet is struggling with smooth operations flow.

    Well, let not that be a deterrent, because this might be a substantial airdrop and print some green. 

    Berachain has raised $42M in a private round led by Polychain Capital as part of their Series A round in 2023 and raised an additional $100M in their Series B round.

    The round was led by Brevan Howard Digital, and Framework Ventures, with participation from Polychain Capital, Hypersphere Ventures, Nomad Capital, Arrington Capital, Samsung Next, Amber Group, Cypher Capital, Hack VC, Tribe Capital, Laser Digital by Nomura Group, Hashkey Capital, Rubik VC and angel investors including Feng Bo, Sandeep Nailwal, Antony Lewis, and Yat Siu. 

    Now let’s dive in deep on how to become a Hardcore Testnet Participant 👇🏻

    1 | Adding the testnet

    Add the “Berachain Artio” testnet manually:

    • Network name: Berachain Artio
    • RPC URL: https://artio.rpc.berachain.com
    • Chain ID: 80085
    • Currency symbol: BERA
    • Block explorer URL: https://artio.beratrail.io

    2 | Claiming test tokens

    Visit this faucet and claim $BERA test tokens.

    🔸 Faucet can be used once every 8 hours

    2 | Doing swaps

    • Visit the testnet website and connect your Metamask wallet
    • Next, select the $BERA/$STGUSDC pair, enter the amount to be swapped and click “Preview”
    • Then click “Swap”

    3 | Adding Liquidity

    • Switch to the “Pool” section and select the $BERA/$STGUSDC pair, click “+ Add”
    • Enter the amount and click “Preview”
    • Click “Approve stgUSDC” and “Approve Infinite”
    • Then click “Add Liquidity”

    4 | BERPETUAL

    • Go here and connect your Metamask wallet
    • Use $HONEY as margin to open positions
    • Currently only $BTC, $ETH, $TIA & ATOM in USDC pairs are supported with upto 100x leverage

    6 | Discord Role

    Join discord and chat in the chat rooms. 

    Role is given personally by the chat admin for any merits, activity, help other users, memes, funny pictures. In general, you need to show that you are an active user and then the admin will notice you and give you a role!

    & That’s all to score what JUST might be the Hottest Airdrop of 2024!!! ⏰

    The End

    & that is all for Edition 2 of “Decentralize Your Week“, we will be cooking some insane reads for our readers every Monday, Wednesday & Friday.

    Till the next one, stay Decentralized my friends!

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    Anisha Gupta

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