Daily Report | Sun Yuchen mortgaged 190 million USD in stETH to mint 77.8 million DAI and deposited it into MakerDAO; Solana phone Saga's official price dropped from 1000 USD to 599 USD
The decentralized trading platform Clipper will issue tokens and airdrop to the community at the end of August; Tether's Chief Technology Officer: A mobile application based on USDT and XAUT payments will be launched.整理：Grapefruit, ChainCatcher
"What Important Events Happened in the Last 24 Hours"
1. Decentralized Exchange Clipper to Launch Token and Airdrop to Community by End of August
According to ChainCatcher, the decentralized exchange Clipper community entity AdmiralDAO will issue the SAIL governance token, which is planned to launch at the end of August 2023. It will reward active community members through an airdrop, including Adventure participants and Discord contributors, with over 24,000 addresses eligible to receive. Active community members holding SAIL tokens will have the right to participate in AdmiralDAO governance. (Source link)
2. YGG Announces Entry into Base Ecosystem and Plans to Deploy Quest Platform
According to ChainCatcher, Yield Guild Games (YGG) announced its entry into the Base ecosystem and plans to deploy the Quest platform on Base, collaborating with Base and game publishers to create more specific and engaging tasks. (Source link)
3. Solana Phone Saga Official Price Reduced from $1000 to $599
According to ChainCatcher, Solana Labs announced that the price of its phone Saga has been reduced from $1000 to $599.
Previous report mentioned that Saga was publicly released in May, deeply integrated with Solana, supporting self-custody key solution Seed Vault and access to decentralized applications via the Solana DApp Store. (Source link)
4. Sun Yuchen Mortgaged $190 Million in stETH to Mint 77.8 Million DAI and Deposit into MakerDAO
According to ChainCatcher, on-chain observer Ember data reported that Sun Yuchen mortgaged 102,462 stETH (worth $190 million) to mint 77.8 million DAI and then deposited the DAI into Maker, with the current DAI savings rate (DSR) at 8%. (Source link)
5. Base Mainnet Officially Open to the Public
According to ChainCatcher, the Coinbase Layer2 network Base mainnet is officially open to the public, with over 100 dapps and service providers in the Base ecosystem. Before this release, developers and users had already transferred assets worth over $100 million to the network.
Jesse Pollak, head of Coinbase protocol, stated that compared to Ethereum, users can use these dapps with lower transaction fees and faster transaction speeds. (Source link)
6. Tether CTO: Mobile App Based on USDT and XAUT Payments to be Launched
According to ChainCatcher, Tether CTO Paolo Ardoino announced on social media that a mobile application fully based on USDT and XAUT payments will be launched for B2B, B2C, and C2C international procurement settlements. This solution will support direct payments, escrow, dispute resolution platforms, and will support the Bitcoin Lightning Network. Currently, "the application is still in the testing phase and will be launched soon." (Source link)
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
1. "Eths and Other Inscriptions Premium Continues, Is Ethscriptions Summer Coming?"
On July 25, Middlemarch, the creator of the Ethscriptions protocol, announced on Twitter that Ethscriptions Marketplace V2 is officially online, launching a new protocol for the Ethereum subscription market, ESIP-2. With the official launch of V2, the liquidity of Ethscriptions has been activated, and the eth floor price has broken $600, while just in June, the cost to mint eth was only $1. A surge of over a hundred times in just a month and a half has made Ethscriptions a "Fomo" topic again. According to Dune data, the total number of Ethscriptions inscriptions has exceeded 1 million, and the total trading volume of eth has surpassed 800 ETH.
Additionally, recently, Middlemarch announced that the Ethereum inscription virtual machine ESC VM has officially launched after testing on Goerli. With a series of major moves, and multiple favorable factors, Ethscriptions seems to gradually replace Ordinals as the latest topic. Will Ethscriptions follow in the footsteps of Ordinals and lead to Ethscriptions Summer?
2. "Interview with Paradigm Research Director: How Will DeFi 2.0 Change Everything?"
Dan emphasized the importance of decentralized trading research, particularly how to reduce the value leaked from the system. He mentioned three main types of MEV: EIP-559 burning, hedging and rebalancing losses, and price changes before and after transactions.
3. "Glassnode Data Research: BTC is Experiencing an Unprecedented Low Volatility Period"
The Bitcoin market is experiencing a very calm period, with many volatility indicators dropping to historical lows. In this article, we will explore the extraordinary nature of this quiet period from a historical perspective and then discuss how the derivatives market is pricing it.
