Airdrops from Mendi & Blast, LRT & Crypto Games Boom, and More

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Solv Protocol is Integrating Ethena to Launch the First Yield Vault for SolvBTC

Karak Exceeded $1B

Spark Launched Cash & Savings

Mendi Started Supporting wrsETH as a Collateral

Ionic Deploys on Metal L2

M-BTC and SolvBTC Go to Linea

Blast Will Airdrop in 3 Weeks

Mendi’s Mini-Airdrop

Rabby Wallet Introduced a New Point Program

Ionic Opened the Eligibility Checker for the Season 1 Airdrop Program

LRT Has Its Momentum. Are Risks Also Increasing?

LRT has gained a large popularity in recent months. From marking EigenLayer as an obscure protocol with a peculiar business model to praying on, less than a month has passed. We bet you have some LRTs or have thought about getting a few.

We’ve prepared a small guide, to clear up the issue of the risks for potential investors who are particularly interested in the protocol based on Eigenlayer.

TVL of the restaking protocols:

Source: DefiLlama
Source: DefiLlama

Firstly, your staked ETH (or LRT) supports side projects in enhancing their security through backed assets. You can’t redeem or transfer these assets, but EigenLayer can slash them if the protocol violates the rules. This occurrence won't result in asset loss but will boost earnings.

What can be done?

  • Choose secure holders of your tokens!

  • Prioritize those with proven track records, high TVL, public recognition, or personal assurance.

  • Create a checklist focusing on TVL across networks, Eigenlayer and AVSs’ recognition, SOC certificates, and past cases of unprofessional behavior resulting in fund loss before selecting Operators. For instance, Renzo provides a specific list of Operators it invests in so you can check which ones can be trusted and which cannot.

Secondly, invest only in trusted LRT providers. Pay attention to their operators and how they support their peg. Companies like Renzo or KelpDAO should have large liquidity pools across different networks to avoid a possible depeg of LRT in case people decide to redeem their tokens. Remember their smart contracts and audits made by independent agencies. Contracts should have no critical or serious vulnerabilities.

Thank God you have Notum! We have already assessed major restaking protocols so you can get an overview of them and their point campaigns.

Check this page out to learn about projects based on EigenLayer.

Crypto Games: Yay or Nay?

Two perspectives are at play regarding crypto games: some take them as opportunistic and speculative, while others see them as complementary to finance, with blockchain integration being an inevitable development.

Still, games do not show significant output and massive user involvement. The current TVL of game projects is just $6M.

What features can make games on crypto more attractive? Well,  prioritizing engaging gameplay, ensuring accessibility for non-crypto gamers without complicating the experience with blockchain intricacies, and fostering success stories within the gaming community, such as high-value transactions and tournament prizes.

These things are pretty common for all games except the crypto ones. However, maintaining a sustainable economy is crucial; easy earnings from repetitive gameplay could potentially destabilize it.

562M People Own Crypto

The recent report by Triple-A states that the number of crypto owners has already increased by 33% during 2024. Currently, around 7% of all the Earth's population owns crypto assets. Good news for

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