At the beginning of the month, I was invited by Teacher Justin to become an ambassador for @StandX_Official, sharing some information with everyone.
The core of StandX is its unique yield-bearing stablecoin $DUSD and the upcoming decentralized perpetual contract exchange (Perps DEX). The vision is to become a leader in the DeFi derivatives space and set a new standard for yield-bearing stablecoins.
$DUSD is the first automatic yield-bearing stablecoin, which offers an annual yield of 4.45% simply by holding it, and additionally earns points. Here’s a hint: points will be the threshold for future activities, so make sure to get them in advance!
How to maximize your points?
Accept my invitation: https://t.co/vLJvwBRX8F (You can get a 5% points bonus)
1. Mint and hold $DUSD: 1 point/1U/day
2. Provide liquidity (LP): Providing $DUSD/$USDT LP on Raydium (Solana) or PancakeSwap (BNB Chain) gets you a 2.5x points bonus! This is currently the most efficient way to earn points.
3. Actively trade $DUSD: Trading volume of 10% as an extra points reward (less cost-effective).
In addition to points, the Genesis NFT will also be very important, with a total of 10,000, currently mainly obtained through DC levels and various activities.
The most secure way to obtain it is through DC grinding levels, reaching level 32 can get you whitelist eligibility. As a MOD, I will be here waiting for your arrival.
DC link: https://t.co/VBsyUMaCa4
Additionally, participating in various official events also has a chance to earn a whitelist.
For example, in the Zealy early bird mining event:
From May 11-30, complete a deposit of 500U and finish tasks to share a pool of 1000U and participate in the NFT draw: https://t.co/ME7kVATXK0
At the end of the article, here's an update on the data: as of the 16th, the number of real staking users has exceeded 8000+, and the total locked value (TVL) has reached 23 million USD.
According to the roadmap, StandX plans to officially launch Perps DEX in July or August, accompanied by various events, and I will update you synchronously!
Made a batch @ikadotxyz, order cost 2 U, official Twitter hinted that it will end this weekend
Why do IKA?
Originally indifferent to this project, but ika received strategic investment from the SUI Foundation at the end of last month
Although the specific amount was not disclosed, according to public information, this investment is around 10 million USD, bringing its total financing to 21 million, with a valuation of approximately 250 million
Reference: https://t.co/921BrXK7Jf
A brief introduction to IKA, it is the first sub-second MPC network, scalable to 10,000 TPS and hundreds of signature nodes, and has zero-trust security
In summary, the narrative is great, but the reality is stark, the project has gone through several name changes
Originally called Dwallet, it changed to pera in September 2024, recently joined the Sui ecosystem and renamed to IKA, providing support for multi-chain collaboration of Sui
How to participate?
The core of ika is to obtain droplets through tasks at https://t.co/iwp2cjQlfs, a total of 8 tasks
Some tasks require NFTs, I chose to give up and follow my plan to participate ⬇️
1. The task requires at least 5.1 $sui, it is recommended to withdraw between 5.1-10 to prevent witchcraft
2. First, complete task 4, sign to obtain 50 droplets (requires at least 5 sui in the wallet, showing an error will not actually deduct 5 sui)
3. Go to https://t.co/GEaMklLjXr to exchange 2-5 sui for isui
4. For task 2, stake the obtained $ISUI (2 isui earns 1 point per day)
5. For tasks 6, 7, and 8, fill in the Sui, BTC, ETH addresses respectively, it is recommended to use the #okx multi-chain wallet to prevent later wallet verification (each obtaining 10 droplets)
6. By the way, don't forget to fill in the invitation code to increase 10% points, STAGE5_SUILEGEND, STAGE5_DEGENITALS (the invitation code is official, after completing the order number 88 points)
7. The remaining sui can be staked on the mainnet with 1-2 sui, and transfer the rest back to OKX to improve capital utilization
Some FUD about the project:
The blogger Lao Dong @crypto_laodong dug out evidence of a rat warehouse. By designing task three, allowing NFT upgrades to increase output, the cost is not low for users, while the project side completes at no cost, allowing for a large amount of points to be obtained through 'left hand to right hand'
Currently, NFT staking points account for 98.5%, but the floor price is as high as 80 sui, and the upgrade cost is very high, so I chose to participate with a low-risk account to reduce the probability of being exploited
Recently migrated all wallets to @MoreloginCN fingerprint browser, with unique end-to-end encryption, paired with OKX wallet encryption, even a secondary account can be safe
Through my invitation link: (150 environment free trial for 15 days): https://t.co/yILh27PACF
Now buy 180 days, enjoy 15% off, buy 360 days, enjoy 40% off
Use my exclusive discount code (zuoye) for an additional 20% off