Hey hey hey, we are back with another edition of ‘Decentralize Your Week‘ and we are thrilled with the market pump as we write about it.

In today’s edition we will talk about:

🔸 Macro Data & its Effect on Crypto
🔹 Meme Mania 101
🔸 The Gari Research Center
🔹 Airdrop 101 Alpha

Let’s dive in folks…

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🚨 Macro Data & its Effect on Crypto 🚨

Ohh yes, we are all in Green…

While there was no news of Tesla declaring Bitcoin as the native currency of Mars or Micheal Saylor selling the entirety of Micro Strategy for a big stash of Bitcoin, there are other factors that have painted the Crypto Wild West in a shade of Green!

The Macro Influence

Once you step out of your crypto bubble, you will be enlightened that Crypto Twitter or CT as we love to call it, has ZERO effect on the larger market.

No matter how much we speak about decentralization blah blah blah, Socio-Economic factors play a big role in determining the direction of the markets.

This is exactly what we have witnessed today… Everything rallied post the release of the CPI data.

U.S. CPI: +3.4% YEAR-OVER-YEAR (EST. +3.4%)
U.S. CORE CPI: +3.6% YEAR-OVER-YEAR (EST. +3.6%)

— Tree News (@News_Of_Alpha) May 15, 2024

While the market expected 3.4%, the CPI data released also came in at 3.4% (talk about the stars aligning)

This gave risk-on assets that catapulting push that the market was begging for.

This is a good bullish setup in the making, since everyone was worried about Bitcoin breaking support at $60k and testing the lower $50k, the bulls are in-charge (at least for the time being)

Though eyes should be on BTC not breaking below $66k in the short-term to maintain the bullish momentum.

Still a waiting game and other driving factors to come into play for a full-blown bull-cycle to commence, but we are on a good path.

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Meme Mania 101 😻

If you were around during the 2021 Bull-cycle, then you must have heard about Millionaires being created with DOGE, SHIBA & FLOKI.

All meme coins with cute dogs as their mascots…

This cycle the meme mania is unprecedented and Solana is winning the war as the Memecoin Chain with generational wealth opportunities, but there is a shift…

Dogs have been overpowered by Cats… No literally!!!

POPCAT, MEW and every other memecoin associated with a cat are going absolute bananas. People are talking about 1000x-10000x and they are here for more.

This mania will surely attract a lo of sidelined retail folks who don’t have the time to understand the tech stack of a modular L1 chain or the tech behind building a Liquid Staking Protocol…

They see Cat, They buy tokens, They (hope to) become millionaires… Boom Boom!!!

Interesting to see how this cycle actually plays off and will be finally see a major shift in retail sentiment and birth of a new Crypto class within Crypto itself?

Only time will tell my friends…meow!!!

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The Gari Research Center 📚

Discussing the Cosmos Ecosystem

You might have heard about Layer-1, Layer-2 and even Layer-3 blockchains, but have you ever thought about the tech behind Layer-0?

Well, we ain’t making stuff up, but Cosmos is exactly that, a Layer-0 powerhouse.

The Scoop:

Cosmos, an innovative layer 0 blockchain, serves as the underlying infrastructure that enables the connection of various layer 1 blockchains, including Osmosis, Cronos, Evmos, Kava, and soon dYdX.

Through the Inter-Blockchain Communications (IBC) protocol, these blockchains can seamlessly communicate with each other, with the Cosmos Hub, powered by the ATOM token, serving as one of the key components of this interconnected network.

Cosmos as a Layer-0 not only allows other blockchains to be created on top of it, it also allows various network governance that everyday folks like you and me can utilise on a day-to-day basis.

1. Staking

Staking can be explained as the function where you lock your liquid token with a validator to support the network. 

See, that wasn’t hard to grasp.

But staking within the Cosmos ecosystem supercharges with a plethora of other opportunities for investors, namely:

• Governance
• Early-Access to testnet
• Airdrops
• Fixed Yield Earning on staked crypto

1.1 Governance

As seen in the image above, Governance is where the voices of the main characters are heard through voting on proposals. 

Who are the main characters here?

• Stakers
• Validators

These proposals have a high impact on shaping the growth of the ecosystem and ensure that no action is implemented without thought.

1.2 Airdrops

Who does not LOVE free money? 

Airdrops are the best way for anyone to make their first $1000 in crypto without investing any substantial amount.

Case in point: Dymension, recently airdropped a minimum of 250 $DYM tokens to stakers of:

• TIA
• OSMO
• ATOM

The criteria to qualify? Just 1 token each of the above mentioned project(s) before snapshot 📸

This is insanely wild and only possible in crypto.

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Airdrop 101 Alpha 💸

Welcome to your favourite part Ladies & Gentlemen: It is Airdrop Timeeeeeee! ⏰

$GRASS Epoch 5: Invite Only EPOCH

Easily bag 100,000 GRASS points! These points are trading in 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

Epoch 5 ends on June 11th, 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 6.

Ample time to farm the Airdrop. 

Don’t Fade $GRASS!

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GM to our Gari folks and we are back with another edition of “Decentralize your Week“, in today’s edition we will be going over

• ETH on a Moon Mission
• The Scam of BAYC
• Solana Celebrity Party
• The Gari Quick 5 Review

Let’s dive right in…

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The Moon-Mission of Ethereum 🌜

We have previously seen the insane rally by Bitcoin post the ETF approval. The flood-gates of liquidity poured in faster than a raging tsunami.

But what about Ethereum?

Well, Ethereum might not be making loud and violent upside moves, but onchain data is painting a complete different picture.

Current data points to the ETH ecosystem witnessing a 9x surge in users compared to 2020, which also was a halving year like the current 2024 cycle.

ETF or not, the Ethereum ecosystem is growing. Fast. pic.twitter.com/8XLtyN5dv5

— Bitwise (@BitwiseInvest) June 5, 2024

Even VanEck (crypto ETF issuer) has put a price target of $22,000 for Ethereum to hit by the year 2030.

“We anticipate that spot ether ETFs are nearing approval to trade on U.S. stock exchanges. This development would allow financial advisors and institutional investors to hold this unique asset […] and benefit from the pricing and liquidity advantages characteristic of ETFs,” said the analysts from VanEck

ETH still fee king while bringing L2 transaction fees under a cent

Modern miracle

Ethereum doesn't get enough credit for this pic.twitter.com/T4Le3FIBue

— RYAN SΞAN ADAMS – rsa.eth 🦄 (@RyanSAdams) June 5, 2024

The above post from Ryan Sean Adams also shows how Ethereum generates more fees despite lower user numbers.

The outlook and sentiment for Ethereum look super positive in the long run and it might be very hard for any other Layer-1 to take the 2nd position that Ethereum has enjoyed since the beginning of the crypto ecosystem.

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Scammers are not BORED of Bored Ape Yacht Club 👀

Bored Ape Yacht Club investors are off to a rough week with another hack—the third this year. Hackers infiltrated Bored Ape social media communities, stealing $360,000 over the weekend. This raises concerns about Yuga Labs’ security measures.

The Bored Ape NFT collection, has become a high-profile asset and a status symbol in the world of JPEGs, with some within the collection selling for millions of dollars. Despite its popularity, the project faces criticism and ongoing threats from hackers.

Yuga Labs has expanded its offerings, including the Mutant Ape Yacht Club and the APE token. However, these efforts are overshadowed by security breaches. The latest hack involved a compromised community manager’s account on Discord, leading to a phishing scam that duped investors.

This is the third attack this year, following two in April, including one that saw 91 NFTs worth over $1.3 million stolen. The incidents are happening through social networking attacks, previously Instagram and now Discord.

Bored Ape co-founder, Gordon Goner criticized Discord, but many in the blockchain community argue Yuga Labs needs to enhance its own security.

Be safe out there friends, scams are getting more sophisticated with each passing minute.

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Solana Celebrity Party 🎉

Naah nah, this is not the party you are thinking off. No yachts, no champagne, no villas in the skies, but an actual influx of celebrities launching their tokens on Solana and going absolute ham.

Iggy Azela launched her token named $MOTHER on the Solana blockchain and the crypto witnessed a 230x surge in value within few hours.

We found huge insider activity on $MOTHER 🚨

Insiders bought 20% of the supply at launch, before Iggy Azaela (@IGGYAZALEA) made the announcement, and already dumped $2M.

A thread 🧵 ↓ pic.twitter.com/tQFHt1yZfO

— Bubblemaps (@bubblemaps) May 29, 2024

Another token that caught attention similar to this launch was Caitlyn Jenner’s token, $JENNER which performed rather badly and came out as an obvious rug pull for the community.

While $JENNER has not performed anywhere close to investor expectation, $MOTHER on the other hand is burning token supply, which is always seen as a bullish move.

Gari Talks: In the end, always DYOR while investing and never treat anything you read on the internet as financial advice and be cautious before going crazy with your investments.

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The Gari Top 5 in Crypto Week 🏅

• Binance Under Scrutiny Binance faced accusations from both the SEC and Reuters. The SEC claims Binance’s BNB coin should have been registered as a security, while a Reuters investigation links Binance to illicit transactions involving Russian darknet and North Korean hackers​​.

• Optimism Network Error The Optimism network experienced a significant setback when 20 million OP tokens intended for market maker Wintermute were mistakenly sent to an incorrect wallet, which was then exploited by a hacker​

• Ripple Enters Stablecoin Market Ripple, the company behind XRP, announced its entry into the stablecoin market, challenging established players like Tether and USDC​.
  
• Roger Ver Faces Extradition Known as “Bitcoin Jesus,” Roger Ver was granted bail in Spain but faces extradition to the U.S. over tax fraud charges​.
  
• Bitcoin’s Price Volatility Bitcoin prices have shown significant volatility. Analysts predict a potential 22% drop, while discussions around the Wyckoff pattern suggest a possible breakout to new all-time highs if certain price levels are maintained​.

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DISCLAIMER: None of this is to be treated as financial advice. This newsletter is strictly for educational purposes and is not a tool for investment advice or to make any financial decisions. Please be careful and DYOR always.

It is time to “Decentralize Your Week” with Gari folks!!!

In today’s edition, we might be getting ready to witness history repeat once again (in the strangest possible way)

The Gari Research Center will help you understand a DAO like a Vending Machine

& we may see DeFi making a comeback lads…

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The Roaring Kitty is BACK 😺

No, we aint cracking jokes here, but for the uninitiated, The Roaring Kitty aka Keith Gill is a Stock Market legend who single-handedly sent the dying $GME stock on a moon-mission.

He broke every rule in the book and played with conviction and executed what might have been the cleanest trade in the history of all financial markets!!!

Fast-Forward to 2024 and he is BACKKKKKKK….

pic.twitter.com/YgjVqtgcNS

— Roaring Kitty (@TheRoaringKitty) May 13, 2024

Once he hit the upload button and X (aka Twitter) took notice, GME stock pumped by 110%. Now that’s what we call a comeback!!!

The result???

NYSE even blocked the buy button to save the short sellers from losing their homes, $GME was halted 5 times for volatility!

$GME Short Sellers have lost over $800 million since the beginning of May as the price has more than doubled in just 8 trading days.

See the latest in the app or https://t.co/SJi6yme1xK

— ORTEX (@ORTEX) May 13, 2024

After the last insane run of GME and hedge-fund managers ignoring the power of retail buyers, this time it might be different.

Underestimating this might be a huge huge mistake…(This is not supposed to be treated as Financial Advice)

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‘The Gari Research Center‘📚

What is a DAO?

DAO stands for Decentralised Autonomous Organisation. Now that is out the way, I’ll explain the working mechanism through an analogy…

The above picture has two vending machines in the frame, no, DAOs were not inspired by Vending Machines nor is a Vending Machine a DAO. I will simply be using the example of a Vending Machine to the working framework of a DAO to help you understand better and with full clarity.

So how does the vending machine work?

• A machine installed at a location is loaded with the relevant stock (Chips, Soda, Chocolate…)
• A user can buy anything of their choice by putting in Cash into the machine & making their purchase
• The vending machine works smoothly as long as stock exists
• When the Vending Machine stock is over, a human worker will need to

1. Take stock of the products exhausted
2. Take the cash out of the machine & deposit it either with the operating company or an account
3. Place order for new stock to put into the machine
4. When said stock arrives, put the stakc into the machine at the corresponding slots.

Basically, the entire working mechanism of the Vending Machine is full dependent on a human being. In the absence of that Human Being, the entire Vending Machine is either useless or a piece of junk.

Now you can visualise the following:

• Vending Machine is the Organisation
• The human manager is the CEO
• The stock inside the machine is the product of the organisation
• The cash in the machine is Cash flow

This is where a DAO completely changes the game. Being a Decentralised Organisation, a DAO does not work on the traditional model of hierarchy. In a DAO, the users are the ones who dictate the future of the organisation, not a centralised head.

How does a DAO exactly work?

Simply put, A DAO works exactly like a smart contract. On the conception of a DAO, a code is already created that structurally cements the working mechanism of the organisation. As long as this code is valid, the DAO will continue to function without any hassles or bottlenecks. No managers and no CEOs.

Like everything else, even DAOs are not perfect and the end-all solution to the problems of society.

But as we all say and believe, ‘One Step at a Time‘

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DeFi is Making a Comeback?

We are not making a statement, but this is what the chart at DeFiLlama is hinting at:

The TVL (Total Value Locked) currently in crypto is at $90.32b, which as per the chart above is showing an upward trajectory.

Seems the accumulation phase is over, distribution phase is almost at the end of its cycle and a next leg up is gaining momentum.

The above TVL is being tracked across all chains and LSTs, but gives a clear picture of the influx of capital in the market and we are still early in the cycle, judging by the level of the previous All Time High.

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The End.

& that’s about it all folks!

Hope we helped you decentralize your week in part 1, we will see you in our next edition on Wednesday & then a killer one on Friday.

Till then, stay safe in the madness 😉