Missed out on $BIZ genesis launch on @virtuals_io because i'm traveling, and have ended up in Point Poverty after the staking changes because too busy to follow all the changes and find the right strategy
Big month for @Mantle_Official ♦️ Stablecoin TVL reaches $427M, a 172% year-on-year growth, expect this to continue to rise as Mantle Index Fund is going live
♦️ cmETH fixed yield vaults on @mETHProtocol filled up with 30k cmETH deposited, earning 4.77% APY ♦️ Still lots of good yield opportunities while earning Powder for @mETHProtocol Metamorphosis Season 3. E.g. 12-13% APY for LPing cmETH/WETH on @MerchantMoe_xyz
♦️ PT-cmETH on @pendle_fi currently trading at 6.2% which means that LPing cmETH/WETH on Merchant Moe could yield up to 19% APY total including $COOK airdrop
♦️ @mETHProtocol takes over Mantle Yap Club on the Mantle Discord for 5 weeks with $500 extra cmETH rewards in addition to 10k $MNT ♦️ Top Mantle Yappers continues to make bank with 150k MNT (worth $100k) being distributed. Make sure to keep an eye on if you make it to the Kaito Yapper Leaderboard
♦️ @eigen_da v2 launched testnet with 50MB/s DA. Sub-10s latency. Even faster and cheaper transactions incoming for Mantle Network And we still have the three largest news upcoming very soon 🔜 Mantle Index Fund (MI4) is about to go live in Q2. A regulated crypto fund built for tokenized exposure 🔜 Mantle Banking (onchain-first bank to bridge DeFi and Tradfi) 🔜 MantleX (AI Framework for advanced DeFAI applications)
The Virtuals Genesis launch mechanism is infinetely superior to all solana launchpads I've seen
🔶️ Devs actually gets 50% of Trading Fees (Not fake 50% like on Believe) which provides excellent runway for team even without dumping on holders
🔶️ Great distribution with small ticket for Virgen Points investors (vs bundled sniper extractors on Solana)
🔶️ Even better distribution with Virtuals sniping block 1 to distribute to veVIRTUAL holders. This also means snipers gets in at much higher valuations than on Solana
🔶️ Rug rate is VERY low (compared to 99.9% on Solana)
🔶️ Projects are vetted by community BEFORE launch, not after it already 100x for snipers
🔶️ Very little max extraction on Base compared to Solana
🔶️ Diamond Hands are rewarded with additional points, less dumping as people wants their gravy train to continue. Jeeters goes to jail
🔶️ Team allocation locked in transparent vesting contracts (vs bundled to team on Solana)
Why anyone would choose the solana trenches is beyond.