Youzi_chigua

Genius Airdrop Rules Translation: It’s like a child and their parents making an agreement—if this semester’s grades reach a certain value, they get a Mac (7% airdrop ratio).
As a result, the child goes crazy with studying. When they finally meet the requirement, the parents say, “We still have to eat at home (the project needs long-term development).” You can’t just keep worrying about your own fun and ignore whether your family lives or dies—you’re too inconsiderate and immature.
A Mac is too expensive (7% is too much), so you only get 500 as the reward.

Besides participating in new token launches, there's also a free preSPAX airdrop available, provided you become a VIP.
Yesterday, I deposited 15,000, and today I received a VIP experience card. But! I suddenly found out that the experience card doesn't qualify for the airdrop, so I added a bit more to meet the recharge requirement of ≥ 30,000, and tomorrow at 9 AM I will get VIP1 status (asset type).
My subsequent steps will be: 1️⃣ April 13th at 10 in the morning

It turns out that the Alpha airdrop and the new blind box rules mean that each coin has three reward levels: common, rare, and hidden. The latter two increase the token amount based on the standard version. Simply put ⬇️

Usually, when a team doesn't want to directly dump tokens but still wants to get money, they typically follow this approach:
1️⃣ Deposit tokens into the XX protocol as collateral
2️⃣ Borrow stablecoins
3️⃣ Gradually transfer the stablecoins to the exchange (sell)
Applying WLFI into the formula, it becomes:
1️⃣ Deposit WLFI into Dolomite
2️⃣ Borrow stablecoins (USD1 + USDC)
3️⃣ Transfer some stablecoins to Coinbase Prime (the advanced version of Coinbase for institutional use)

Daily Hot Topics Review - April 7 ▰ Prediction Market Polymarket announced the upcoming launch of its native stablecoin Polymarket USD, pegged 1:1 to USDC. ▰ Genius Week 12 trading points have been distributed, reportedly TGE on April 13. ▰

This week, Genius spent about 10 USDT, earning stablecoins, and scored 236 points, with a cost of 0.042 USDT per point.
Current status:
▰ Total points: 21,090
▰ Total cost: approximately 135 USDT
▰ Cost per point: about 0.0064 USDT
There is one last week remaining; I plan to generate some more trading volume, then sit tight for the TGE.

Opinion After issuing tokens, I rarely browse prediction markets anymore because there aren't many that can be hedged. Even if the titles are the same, the settlement rules can vary greatly, making it impossible to earn points at low cost. Projects with low liquidity are even more off-limits.
By the way, when predicting markets like Predict and Probable before their acquisition, the points redemption process was very poor. Both projects had point activities, Probable

Cutoff score 243, does not meet the requirements, I'm out, I'm out 🥹

Daily Hotspot Review - April 6
▰ In 2010, there was a Bitcoin faucet website that gave away 5 BTC for free to every visitor; today, Block mimicked this and launched its own Bitcoin faucet activity, but instead of giving it away for free as before, users need to complete certain purchase/spending tasks on Cash App to receive the reward, and residents of mainland China cannot participate.
▰ Another protocol has been hacked: Linea

Daily Hotspot Review - April 5 ▰ Genius, invested by YZi Labs and advised by CZ, can still appeal if their points were removed by the witching before 8 a.m. tomorrow. Log into your account on the web platform; if affected by the witching, a corresponding popup will appear. ▰ Matcha Exchange is not friendly to KYC in Mainland China (freezing principal, restricting withdrawals, risk control, etc.), recently USD1

Daily Hotspot Review - April 3 ▰ Binance has distributed the second batch of rewards for the 135 million WLFI airdrop campaign, with an approximate annualized return of 5% in USD. ▰ Binance's U Flexible Savings activity will end at 8 a.m. tomorrow morning. The 10% annualized rate is quite attractive, but it's unclear if the promotion will be extended. ▰ Next Tuesday (4/7) at 4 p.m., data platform Sentio, which has raised $6.4 million in funding, will conduct a Pre-TGE through Binance Wallet.

Next Tuesday, there’s a Pre-TGE subscription/new offering on Binance Wallet. It’s priced at a valuation of 20 million, and it feels a bit expensive—after all, I’ve participated in several offerings valued at 5 million each 😅

When the market is poor, the frequency of projects being hacked or stolen also seems to increase. These projects may not be able to compensate users in full in the end, and retail investors often end up bearing the losses. Looking at recent cases, in the past month there have been:
▰ On April 2nd, Solana ecosystem DEX project Drift Protocol was hacked, losing approximately $285 million;
▰ On March 22nd, stablecoin project Resolv was hacked, with losses exceeding $23 million;
▰ On March 17th, the DeFi project Mango Markets was exploited, resulting in a loss of about $100 million.

Adding one more: ▰ OKX X Launch has launched a new project, Mezo. Participation criteria: Boost balance ≥ $200 + minimum trading volume ≥ $500. If you meet the conditions, remember to participate. The claiming time is tomorrow (4.2) at 6 PM.

Daily Hotspot Review - April 1 ▰ Binance Wallet Concrete USDT Financial Management starts at 8 a.m. tomorrow, and those who deposit will receive 3 times the Concrete points. This project previously had inflated annualized returns, and the fees secretly burdened users. Although the community's protests led to a return to normal, I still have no interest in it. ▰ Stablecoin Project USDAI