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Not a recommendation, just a record: How to complete the DeFAI project HeyElsa tasks
Good morning, I just saw a new project — HeyElsa
It focuses on DeFAI (Decentralized Finance + AI), having just completed a $3 million funding round, supported by the Base official ecosystem fund + M31 Capital.
In simple terms, HeyElsa is an on-chain AI assistant with built-in large models, helping you complete on-chain trades smarter.
1. How to participate:
Complete tasks to earn EP (Elsa Points), which may be exchangeable for airdrops or privileges later.
👉 First log into the Elsa page (https://app.heyelsa.ai/referral/J6UYLJ), connect your wallet and start completing tasks.
Daily tasks (refresh every day) daily check-in can earn: 1050 EP
It focuses on DeFAI (Decentralized Finance + AI), having just completed a $3 million funding round, supported by the Base official ecosystem fund + M31 Capital.
In simple terms, HeyElsa is an on-chain AI assistant with built-in large models, helping you complete on-chain trades smarter.
1. How to participate:
Complete tasks to earn EP (Elsa Points), which may be exchangeable for airdrops or privileges later.
👉 First log into the Elsa page (https://app.heyelsa.ai/referral/J6UYLJ), connect your wallet and start completing tasks.
Daily tasks (refresh every day) daily check-in can earn: 1050 EP
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From Fragmentation to Unity: How Jumper + LI.FI Solve the Cross-Chain User Experience Problem?
I just wanted to cross a chain, but ended up being educated all night.
Have you ever encountered a situation where you just wanted to transfer some USDC from ARB to SOL, but ended up having to open 8 websites, switch wallet networks, prepare Gas for the target chain, and pick the bridge yourself, only to have the transaction fail after all that operation? 🤡
Why is the cross-chain experience so difficult?
It's not that there are too few bridges or that the technology is insufficient, but rather that the experience is too fragmented and the logic is too scattered—what we need is not more bridges, but a method to 'unify' these bridges.
Thus, Jumper and LI.FI emerged.
1. Who is LI.FI? What is Jumper?
Have you ever encountered a situation where you just wanted to transfer some USDC from ARB to SOL, but ended up having to open 8 websites, switch wallet networks, prepare Gas for the target chain, and pick the bridge yourself, only to have the transaction fail after all that operation? 🤡
Why is the cross-chain experience so difficult?
It's not that there are too few bridges or that the technology is insufficient, but rather that the experience is too fragmented and the logic is too scattered—what we need is not more bridges, but a method to 'unify' these bridges.
Thus, Jumper and LI.FI emerged.
1. Who is LI.FI? What is Jumper?
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Solv, the leader in the BTC track, ventures into RWA: it's not about catching the hot topics well, but about choosing the right direction.
Having been in this industry for a long time, seeing a combination like 'BTCFi + RWA' gives the first reaction of—here comes another concept talk.
But for this project, after watching for a while, I still decided to write it down. Not because it has a loud promotion, but because it is indeed trying to solve some old problems in the Bitcoin ecosystem: unable to yield, non-compliance, inability to combine, and institutions unable to enter.
And Solv is not just randomly trying to 'generate yield for BTC', what it is doing is a relatively restrained, yet very clear route.
1. To put it simply, what Solv is doing:
But for this project, after watching for a while, I still decided to write it down. Not because it has a loud promotion, but because it is indeed trying to solve some old problems in the Bitcoin ecosystem: unable to yield, non-compliance, inability to combine, and institutions unable to enter.
And Solv is not just randomly trying to 'generate yield for BTC', what it is doing is a relatively restrained, yet very clear route.
1. To put it simply, what Solv is doing:
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Capital is no longer the only thing, talking is the new narrative of Web3——River4FUN participation guide
I’ve been keeping an eye on River for a long time - you may have heard a lot of people calling it River recently, but this is not a new project that suddenly popped up.
👉 Let me start with the background - Riverdot Inc was initially positioned to cooperate with the BTC ecosystem and try to introduce the power of Bitcoin into the DeFi track. Unfortunately, in the past year, the BTC ecosystem has not produced any particularly representative public chain projects, and River has not been able to break out against the wind.
But this team can turn and catch hot spots.
In the Web3 world, if a project wants to succeed, it is far from enough to have technology and ideals alone. I believe that the prerequisite for the success of a web3 project is that "the project must be popular enough."
👉 Let me start with the background - Riverdot Inc was initially positioned to cooperate with the BTC ecosystem and try to introduce the power of Bitcoin into the DeFi track. Unfortunately, in the past year, the BTC ecosystem has not produced any particularly representative public chain projects, and River has not been able to break out against the wind.
But this team can turn and catch hot spots.
In the Web3 world, if a project wants to succeed, it is far from enough to have technology and ideals alone. I believe that the prerequisite for the success of a web3 project is that "the project must be popular enough."
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RWA - What the hell? Why is it so popular all of a sudden?
Let's first look at a very impressive set of data: As of the end of May 2025, the scale of real-world assets (RWA) on the global chain has reached 23 billion US dollars, with a monthly growth rate of 6.4%. Among them, private credit and US Treasury bonds accounted for more than 20 billion US dollars, and have firmly taken the main throne. In other words, RWA is no longer just a slogan, but a real move to move assets onto the chain.
Data source: https://app.rwa.xyz/
👉What is RWA? It’s not that mysterious: you may have only speculated on BTC, ETH and altcoins before, but now even houses, bonds and gold can be “shared” on the chain - this is the magic of RWA (Real-World Asset).
Data source: https://app.rwa.xyz/
👉What is RWA? It’s not that mysterious: you may have only speculated on BTC, ETH and altcoins before, but now even houses, bonds and gold can be “shared” on the chain - this is the magic of RWA (Real-World Asset).
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How much is that pizza worth now? - A fifteen-year evolution of Bitcoin
🍕 Everything starts with a pizza...
Today is May 22, 2025, which is also the Bitcoin Pizza Day that has circulated in the crypto community for many years.
Five years ago, on May 22, 2010, a programmer bought two pizzas in Florida for 10,000 bitcoins. At that time, BTC was just a digital toy in the geek circle, worth nothing. But now? Ten thousand BTC is equivalent to... I've never seen such a large number.
This is the charm of Bitcoin: from the naive attempt of exchanging pizzas for coins to now standing at $100,000, with a total market value approaching $20 trillion. It not only supports the core narrative of the crypto world but also prompts the entire world to rethink what 'money' really is.
Today is May 22, 2025, which is also the Bitcoin Pizza Day that has circulated in the crypto community for many years.
Five years ago, on May 22, 2010, a programmer bought two pizzas in Florida for 10,000 bitcoins. At that time, BTC was just a digital toy in the geek circle, worth nothing. But now? Ten thousand BTC is equivalent to... I've never seen such a large number.
This is the charm of Bitcoin: from the naive attempt of exchanging pizzas for coins to now standing at $100,000, with a total market value approaching $20 trillion. It not only supports the core narrative of the crypto world but also prompts the entire world to rethink what 'money' really is.
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Why Hyperion? A power shift in Aptos DEX.
In the past few weeks, the DEX landscape of the Aptos ecosystem is being completely rewritten by a newcomer.
That's right, I am referring to Hyperion. A hybrid DEX that has been online for only 3 months and has yet to issue a token, is overwhelming established competitors—Thala, LiquidSwap, and Cellana Finance—at an astonishing speed.
I checked the latest data from DefiLlama, and Hyperion's total transaction volume in the past 7 days reached $448 million, not only maintaining the top spot among Aptos DEXs but also growing +51.63% month-over-month. In comparison, Thala dropped by 52% during the same period, and Cellana plummeted nearly 96%. Data doesn't lie; the landscape is being restructured.
That's right, I am referring to Hyperion. A hybrid DEX that has been online for only 3 months and has yet to issue a token, is overwhelming established competitors—Thala, LiquidSwap, and Cellana Finance—at an astonishing speed.
I checked the latest data from DefiLlama, and Hyperion's total transaction volume in the past 7 days reached $448 million, not only maintaining the top spot among Aptos DEXs but also growing +51.63% month-over-month. In comparison, Thala dropped by 52% during the same period, and Cellana plummeted nearly 96%. Data doesn't lie; the landscape is being restructured.
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Understanding the 4 Classic Ways to Play DeFi: From Beginner to Intermediate with Just One Article
Friends, DeFi, DeFi, DeFi... Do you hear this word every day, but when asked to explain it, you find it a bit hard to articulate? Don't worry, today I'll explain it clearly.
1. What is DeFi?
Think about the money you earn with hard work: you deposit it in a bank and get 1% interest for a year, while the bank turns around and lends it out at 5%, netting a 4% profit margin. This is the logic of traditional finance.
The emergence of DeFi allows you to
bypass banks as intermediaries,
directly lend money to others, participate in trading to earn fees, and stake to earn returns.
1. What is DeFi?
Think about the money you earn with hard work: you deposit it in a bank and get 1% interest for a year, while the bank turns around and lends it out at 5%, netting a 4% profit margin. This is the logic of traditional finance.
The emergence of DeFi allows you to
bypass banks as intermediaries,
directly lend money to others, participate in trading to earn fees, and stake to earn returns.
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SNS LFG Airdrop Event Analysis | Task Ranking Strategy Guide
A few days ago, SNS officially distributed the first batch of $SNS airdrops, accounting for 20% of the total supply. Users who registered a .sol domain name before the snapshot can claim it. The official also mentioned that there will be second and third phase airdrop activities, each accounting for 20% of the total supply, which is worth paying attention to.
👉 Airdrop query address: https://airdrop.sns.id
I've researched a bit, and a few days ago I registered my first .sol domain name just in case. Next, I will systematically organize SNS’s project positioning, token economy, participation paths, and precautions for everyone's reference.
👉 Airdrop query address: https://airdrop.sns.id
I've researched a bit, and a few days ago I registered my first .sol domain name just in case. Next, I will systematically organize SNS’s project positioning, token economy, participation paths, and precautions for everyone's reference.
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Explore Maximizing Returns on the Aptos Chain—Kofi's Participation Tutorial
Just got off Amnis, and the snapshot here at Meso has just ended. Looking at this meager amount of APT in my wallet makes me worried—everyone says that not moving assets means depreciation, so what can I do next? Recently, I've been studying Kofi, a liquid staking project on Aptos, which offers slightly more yield than just holding APT and allows for seamless interaction with Hyperion, so why not give it a try.
1. What is Kofi?
If you are an Aptos ecosystem user, holding a lot of APT and feel that 'simply holding APT is too wasteful and not flexible enough', then Kofi might offer you new ideas.
1. What is Kofi?
If you are an Aptos ecosystem user, holding a lot of APT and feel that 'simply holding APT is too wasteful and not flexible enough', then Kofi might offer you new ideas.
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Yala Mainnet Deep Participation Tutorial & Key Analysis of Airdrop Participation
Ahem, I saw that Yala launched its mainnet yesterday, and several classmates asked me to write a tutorial, so I did! After completing my preliminary research, I have a rough judgment: if you have idle USDC, you can deposit it in the stablecoin pool to earn interest and berries points. If you don't want to participate with costs, then you can do it at no cost. So, let's go through it together first.
One, project introduction.
Recently, RWA (Real World Assets) has been extremely popular in the circle, from US bonds, gold to real estate, carbon credits, an increasing number of 'off-chain assets' are being moved onto the chain. But looking back, Bitcoin, with the largest market capitalization and strongest consensus, has long been 'idle', like a piece of lying gold - its vast value has hardly flowed in DeFi.
One, project introduction.
Recently, RWA (Real World Assets) has been extremely popular in the circle, from US bonds, gold to real estate, carbon credits, an increasing number of 'off-chain assets' are being moved onto the chain. But looking back, Bitcoin, with the largest market capitalization and strongest consensus, has long been 'idle', like a piece of lying gold - its vast value has hardly flowed in DeFi.
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Casual Discussion Topic — Can Issuing Tokens Really Create Value Out of Thin Air?
Watching project after project issue tokens and seemingly create billions in market cap feels absurd. It’s just pressing a button, writing some code; how can it turn into money? In fact, this question is not only asked by newcomers; many seasoned players understand it verbally but haven't fully grasped it in their hearts. Today, let's talk about this phenomenon of making money out of thin air.
One, why can issuing tokens sell?
Let me explain a very common principle: a piece of paper that says movie ticket can be worth dozens; if it says stock, it can be worth hundreds or thousands; if it says lottery, some people are willing to spend money for hope... Aren't they essentially quite empty? But why are people willing to pay? Because 'there's consensus, rules, and expectations behind it.'
One, why can issuing tokens sell?
Let me explain a very common principle: a piece of paper that says movie ticket can be worth dozens; if it says stock, it can be worth hundreds or thousands; if it says lottery, some people are willing to spend money for hope... Aren't they essentially quite empty? But why are people willing to pay? Because 'there's consensus, rules, and expectations behind it.'
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With nothing to do, let's apply pure technical indicator analysis on $APT:
1️⃣ My favorite Bollinger Bands
- The extreme bullish phase may be coming to an end, and the current price is fluctuating right at the middle band (5.91u), so the trend is still not clear.
2️⃣ RSI
The current indicator is 51.76, neither overbought nor oversold. The day before yesterday, RSI surged above 70, indicating strong bullish buying, followed by a continuous decline, showing a clear weakening of bullish momentum. However! Although the bears have the advantage, a downward trend has not yet formed.
3️⃣ MACD
- Alright, the blue line has crossed below the orange line, forming a death cross, indicating a clearer bearish trend, but no turning point has appeared yet.
Looking purely at these three indicators, the bears hold a slight advantage, but we have not yet entered extreme oversold territory. It feels like the current market is still digesting the profits from the recent explosive surge.
Will the bears ever be enslaved?
1️⃣ My favorite Bollinger Bands
- The extreme bullish phase may be coming to an end, and the current price is fluctuating right at the middle band (5.91u), so the trend is still not clear.
2️⃣ RSI
The current indicator is 51.76, neither overbought nor oversold. The day before yesterday, RSI surged above 70, indicating strong bullish buying, followed by a continuous decline, showing a clear weakening of bullish momentum. However! Although the bears have the advantage, a downward trend has not yet formed.
3️⃣ MACD
- Alright, the blue line has crossed below the orange line, forming a death cross, indicating a clearer bearish trend, but no turning point has appeared yet.
Looking purely at these three indicators, the bears hold a slight advantage, but we have not yet entered extreme oversold territory. It feels like the current market is still digesting the profits from the recent explosive surge.
Will the bears ever be enslaved?
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The airdrops have not yet arrived, but the competition is already unfolding in the shadows: A deep comparison of four unissued L2 chains.
Although Layer 2's performance in the secondary market can be described as quite poor—airdrops halved upon opening, old projects gradually fading into silence, and new projects frequently missing deadlines—when viewed from the perspective of on-chain data and technological iteration, the L2 space is far from dead; rather, it is quietly accumulating energy for the next explosion. It is less accurate to say L2 has cooled off than to say it has entered deep waters.
Next, I will focus on four L2 projects that have not yet publicly issued tokens—Inkchain, Unichain, Soneium, and Linea—conducting a comprehensive analysis of their on-chain data performance, funding background, user behavior, and growth trends for a horizontal comparison.
Next, I will focus on four L2 projects that have not yet publicly issued tokens—Inkchain, Unichain, Soneium, and Linea—conducting a comprehensive analysis of their on-chain data performance, funding background, user behavior, and growth trends for a horizontal comparison.
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Magic Newton Beginner's Guide: From registration to earning points, a comprehensive guide for participation.
The Web3 world is no longer just a playground for geeks, but its complexity and operational thresholds still deter many ordinary users. The emergence of Magic Newton seems to inject a kind of 'lazy wisdom' into this fragmented ecosystem—using AI and automation to help you manage your wallet, execute strategies, and conduct cross-chain transactions... all you need to do is set your goals and let the agent take care of everything.
Does it sound like a dream? But this is what Magic Newton is doing.
1. What is Magic Newton?
Magic Newton is a new project launched by Magic Labs, which has been trying to 'make crypto simple' since 2018. They started with a mnemonic-free wallet and have served over 50 million wallet users, becoming a veteran in the Web3 UX field.
Does it sound like a dream? But this is what Magic Newton is doing.
1. What is Magic Newton?
Magic Newton is a new project launched by Magic Labs, which has been trying to 'make crypto simple' since 2018. They started with a mnemonic-free wallet and have served over 50 million wallet users, becoming a veteran in the Web3 UX field.
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Some Thoughts on the Towns Airdrop
1️⃣ Witch Hunt: As of today, there are a total of 336,723 participants holding Towns points. I believe the project team will definitely conduct a witch hunt to balance the interests of the majority (Coinbilly has also expressed the same view).
Personally, I still think that the method of "joining a paid group and then requesting a refund" will not be targeted by the witch hunt. Reason 1: Towns ambassadors are also using this method to earn points. Reason 2: If 10% of the protocol's revenue is targeted by the witch hunt, then Towns will definitely be heavily criticized.
2️⃣ Interaction Strategy: In addition to joining paid groups and signing in, it's essential to use the built-in "trading" feature within the group to increase on-chain transactions.
#空投大毛 #空投分享
1️⃣ Witch Hunt: As of today, there are a total of 336,723 participants holding Towns points. I believe the project team will definitely conduct a witch hunt to balance the interests of the majority (Coinbilly has also expressed the same view).
Personally, I still think that the method of "joining a paid group and then requesting a refund" will not be targeted by the witch hunt. Reason 1: Towns ambassadors are also using this method to earn points. Reason 2: If 10% of the protocol's revenue is targeted by the witch hunt, then Towns will definitely be heavily criticized.
2️⃣ Interaction Strategy: In addition to joining paid groups and signing in, it's essential to use the built-in "trading" feature within the group to increase on-chain transactions.
#空投大毛 #空投分享
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The Aptos ecological project Meso Finance is going to IDO on Cellana, which means TGE is not far away. Continue to cycle borrow stAPT to increase points. #空投教程 #空投分享
👉 Sprint Strategy: Currently, a single number has put in 3000u, using cyclic borrowing to stake 6200u and borrow 3260u.
👉 Points Expectation: Deposit about 6850 points/day, borrow about 11736 points/day, totaling 18580 points/day.
Currently, it is still not very competitive, with 183,000 participants, Uncle ranked 635th with 900,000 points, basically spent no cost.
Simple Participation Guide:
1. Acquire stAPT
Go to the amnis finance official website (https://app.meso.finance/points?ref=S8KTKLIOU9E7), connect your wallet in the upper right corner, enter the amount, and click Mint & Stake to convert your wallet's APT into stAPT.
2. Stake stAPT
Enter the Meso official website, after connecting your wallet in the upper right corner, click on the top market, select “Supply stAPT Asset,” and deposit the stAPT from your wallet into the Meso platform.
3. Borrow stAPT
Use the stAPT you staked as collateral to borrow more stAPT. After borrowing, continue to stake the borrowed stAPT, repeating steps 2-3 to increase leverage.
👉 Sprint Strategy: Currently, a single number has put in 3000u, using cyclic borrowing to stake 6200u and borrow 3260u.
👉 Points Expectation: Deposit about 6850 points/day, borrow about 11736 points/day, totaling 18580 points/day.
Currently, it is still not very competitive, with 183,000 participants, Uncle ranked 635th with 900,000 points, basically spent no cost.
Simple Participation Guide:
1. Acquire stAPT
Go to the amnis finance official website (https://app.meso.finance/points?ref=S8KTKLIOU9E7), connect your wallet in the upper right corner, enter the amount, and click Mint & Stake to convert your wallet's APT into stAPT.
2. Stake stAPT
Enter the Meso official website, after connecting your wallet in the upper right corner, click on the top market, select “Supply stAPT Asset,” and deposit the stAPT from your wallet into the Meso platform.
3. Borrow stAPT
Use the stAPT you staked as collateral to borrow more stAPT. After borrowing, continue to stake the borrowed stAPT, repeating steps 2-3 to increase leverage.
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Focus on grooming fur without asking about the past, uncle's homework today
Tutorial spreadsheet Google Drive: https://t.co/gzHTVhtvrt
1️⃣ Organize and follow up on the progress of deposit pledge projects
- Satoshi: TVL increased to 60 million, recently released the Galaxy mission to get OAT, continue to wait for FUN to open.
- Huma Finance: Check the point progress, expect to open new pools before May 10.
- Boop Fun: Checked the fee situation, it will take more than a month to break even on staking.
- Yei Finance: Same as usual, no progress, continue to maintain staking.
- Defi App: Racked up over 200,000 XP, not planning to brush contracts, continue to Swap.
- Cytonic: Staking output points are not as good as actively participating in events.
- Hyperion: Swap 5 times a day, be a bit more laid-back.
- StandX: Maintain staking, not planning to use the swap method to rush points.
- Rate X + Fragmetric: Both in RateX, waiting for June unlock.
2️⃣ 0 brushing and low-cost interaction projects
- Ethos: Complete the daily task of 15 points, return reviews to maintain.
- Succinct: Haven't received an answer yet, spend credits first.
- Towns: Sign in today, send messages, trade.
- Beamable: New tasks have come out, supplement.
- Recall: Finished the Galaxy mission, not planning to supplement accounts.
- Sandwatch: No new updates.
- Chainopera: Treat it as a grok alternative, chat 10 times daily.
- R2: Claim water deposit interaction.
- FractionAI: Mainnet will open soon but haven't received WL yet, not distributed based on ranking.
Tutorial spreadsheet Google Drive: https://t.co/gzHTVhtvrt
1️⃣ Organize and follow up on the progress of deposit pledge projects
- Satoshi: TVL increased to 60 million, recently released the Galaxy mission to get OAT, continue to wait for FUN to open.
- Huma Finance: Check the point progress, expect to open new pools before May 10.
- Boop Fun: Checked the fee situation, it will take more than a month to break even on staking.
- Yei Finance: Same as usual, no progress, continue to maintain staking.
- Defi App: Racked up over 200,000 XP, not planning to brush contracts, continue to Swap.
- Cytonic: Staking output points are not as good as actively participating in events.
- Hyperion: Swap 5 times a day, be a bit more laid-back.
- StandX: Maintain staking, not planning to use the swap method to rush points.
- Rate X + Fragmetric: Both in RateX, waiting for June unlock.
2️⃣ 0 brushing and low-cost interaction projects
- Ethos: Complete the daily task of 15 points, return reviews to maintain.
- Succinct: Haven't received an answer yet, spend credits first.
- Towns: Sign in today, send messages, trade.
- Beamable: New tasks have come out, supplement.
- Recall: Finished the Galaxy mission, not planning to supplement accounts.
- Sandwatch: No new updates.
- Chainopera: Treat it as a grok alternative, chat 10 times daily.
- R2: Claim water deposit interaction.
- FractionAI: Mainnet will open soon but haven't received WL yet, not distributed based on ranking.
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Yzi Labs leads $4 million - Gata In-Depth Participation Manual
Today, we analyze Yzi Labs leading a $4 million AI project - Gata. In simple terms, this project did two things:
Turn ChatGPT chat history, your chosen AI response preferences, and idle computer computing power into a 'mining tool' that directly rewards you with points (which can be exchanged for tokens in the future);
Generate top-tier AI training data using a Web3 crowdsourcing model and sell it to companies like OpenAI and Stability AI for profit.
Currently, Gata has surged to the top of the BNB Chain ecosystem rankings and is also conducting a 100,000 points airdrop activity. Let's see how to participate:
1. Project Overview
Gata (formerly Aggregata) is a decentralized project dedicated to building cutting-edge artificial intelligence data, with the core goal of promoting the development of safe and human-centered 'super intelligence' through decentralized infrastructure.
Turn ChatGPT chat history, your chosen AI response preferences, and idle computer computing power into a 'mining tool' that directly rewards you with points (which can be exchanged for tokens in the future);
Generate top-tier AI training data using a Web3 crowdsourcing model and sell it to companies like OpenAI and Stability AI for profit.
Currently, Gata has surged to the top of the BNB Chain ecosystem rankings and is also conducting a 100,000 points airdrop activity. Let's see how to participate:
1. Project Overview
Gata (formerly Aggregata) is a decentralized project dedicated to building cutting-edge artificial intelligence data, with the core goal of promoting the development of safe and human-centered 'super intelligence' through decentralized infrastructure.
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In-depth Analysis of Adrena: The Dark Horse of PerpDEX with Top Three Monthly Trading Volume on Solana
The explosive growth of decentralized exchanges (DEX) is reshaping the market landscape for Web3 exchanges. From swaps to perpetual contracts, DEX is challenging the dominance of traditional CEX with higher transparency and user sovereignty. In this transformation, Adrena has quickly become a highly regarded perpetual contract platform in the Solana ecosystem with its unique community-driven model and 100% fee rebate mechanism.
The birth of Adrena stems from the founding team's reflection on centralized control in Web3 — whether in trading mechanisms, underlying architecture, or governance models, it seeks to break the shackles of pseudo-decentralization.
The birth of Adrena stems from the founding team's reflection on centralized control in Web3 — whether in trading mechanisms, underlying architecture, or governance models, it seeks to break the shackles of pseudo-decentralization.
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