Technical Analysis Blockchain Platform: Movement is built on a modular framework that supports the Move Programming Language. The project integrates with Ethereum, facilitating interoperability between EVM and Move-based applications.
Smart Contract Functionality: Movementâs platform supports the development and deployment of smart contracts using the Move language, providing enhanced security features and streamlined execution.
Tokenomics: While specific details on tokenomics were not provided, Movement's framework is intended to bridge liquidity between EVM and Move-based ecosystems, suggesting a utility token model facilitating transactions and governance within this ecosystem.
Cryptography Used: Movement leverages the cryptographic principles embedded in Move, a language originally developed by Facebook for the Libra (now Diem) project, known for its safety and flexibility in asset management.
Consensus Mechanism: The specific consensus mechanism was not detailed. However, compatibility with EVM suggests that it might utilize mechanisms like Proof of Stake (PoS) or similar secure and scalable consensus algorithms.
Scalability: Movementâs M1 framework is designed for horizontal scalability, reflecting its capability to support a high number of transactions per second and accommodate diverse application demands.
Evolution of the airdrop concept The market has evolved from gratuitous âthank youâ airdrops to point farming, inflated user expectations and the fight against multi-accounting.
The first airdrops â«ïžFirst in the crypto industry airdrop was conducted by AuroraCoin in 2014, distributing tokens to Icelandic residents to incentivise their use as currency.
Classic Retrodrops â«ïž2020 Uniswap conducted a retrodrop without announcing it in advance. 90% of the addresses that interacted with the protocol received 400 UNI (roughly $1400 at the time of bidding). This set a new standard for airdrops, where users are rewarded for past activity.
User sharing models â«ïž2023 projects like Aptos and Jito began implementing models where users were categorised by activity. For example, users who participated in the Aptos test network received 150-300 APTs depending on activity.
Allocation by activity â«ïžArbitrum and Optimism introduced action-based distribution in 2023, where rewards were based on participants' onchain activity.
Points programmes â«ïž2024 point-based programmes started to displace retrodrops. An example is the Renzo protocol, where users earned points for actions, which were then converted into tokens.
Airdrops are gradually losing their effectiveness. Distributions from ZKsync and LayerZero have shown that this tool can exhaust itself: developers try to get the most out of users, and those create multi-accounts to get tokens and sell them quickly. Thus, trust between the parties is reduced...
Stride protocol integrating with Namada to build onchain data protection solutions
Summary -Namada, the shielded asset hub rewarding you to protect the multichain, is launching soon -All Stride LSTs will be supported by the Namada multi-asset shielded pool -Major Stride LSTs will be eligible for Namada shielding rewards -Stride will integrate Namada into the Stride ecosystem page
Data protection for Cosmos and beyond Namada is a multichain, multi-asset data protection network supporting Cosmos, Ethereum, and beyond. Over the past few months, Namada has published the eligibility requirements for its upcoming airdrop and performed several testnets. Namada is expected to launch this year. Namada will provide users with a multi-asset shielded pool (MASP) that uses zero-knowledge (ZK) technology. Users will be able to send any token into Namadaâs shielded set using IBC, and receive rewards for shielding their assets. Namadaâs data protection guarantees improve as more assets are shielded at rest in the shielded set. Shielding rewards are a way of rewarding users for helping strengthen data protection for everyone. Namadaâs MASP enables users to hold and transact tokens and NFTs while shielding their personally identifiable information. Users can even stay shielded when interacting with apps on transparent blockchains, and seed new accounts on transparent chains (for example sending any IBC token into a fresh address) while still protecting their personal data.
The best data protection possible But in order for Namada's MASP to effectively provide data protection, it needs to have a lot of assets shielded at the same time. Due to the way the Namada ZK circuits work, the more assets shielded in the pool the greater the data protection for everyone. Namada considers data protection to be a public good. And since shielding assets increases everyone's data protection, the Namada protocol automatically provides public goods funding in the form of NAM shielding rewards to everyone who shields governance-enabled tokens in the pool. In other words, users shielding assets in the MASPÂ are rewarded with Namada's NAM token. That's where Stride's LSTs come in.
Stride's LSTs are perfect for data protection Namada's on-chain governance community determines which assets to enable shielding rewards for, but it's likely that support for Stride's LSTs will be enabled, since it's more efficient than rewarding unstaked tokens. To understand why LSTs are better for this application, consider the example of Celestiaâs TIA token. TIA has a staking reward rate of about 15%. This can also be considered the TIA "hurdle rate." If a user wants to leave his TIA unstaked and use it in DeFi, he needs to earn at least 15% just to break even with the staking rewards he's missing by not staking. If a user can't surpass the 15% hurdle rate by using his TIA in DeFi, then he's better off just staking his TIA. TIAâs hurdle rate poses a major obstacle to using TIA in DeFi. If a user canât clear the hurdle rate, then heâll just leave his TIA staked. So a DeFi protocol that wants TIA deposits needs to provide enough incentives and/or real yield for TIA depositors to clear the hurdle rate. But 15% is a tall order in DeFi! Thatâs why DeFi protocols are better off trying to attract stTIA deposits rather than TIA deposits. The hurdle rate of stTIA is zero, because stTIA automatically gets the TIA staking reward. So protocols trying to attract stTIA liquidity are not competing with the TIA staking reward. This is why using LSTs as collateral is much more popular than using unstaked tokens as collateral. With LSTs, the hurdle rate is zero. All PoS tokens have a hurdle rate, which is their staking reward rate. If users canât clear the hurdle rate in DeFi, theyâll just leave their tokens staked. Turning back to Namada, it needs lots of liquidity in its multi-asset shielded pool. Itâs not reasonable to expect people to leave their tokens unstaked in the pool and forego staking rewards. And to make unstaked tokens pass their various hurdle rates by using NAM rewards would be unsustainable. It makes sense for the Namada community to focus on Strideâs LSTs. Â
Stride security With much of the liquidity in Namadaâs shielded pool potentially being Stride tokens, the security of Stride protocol is paramount. Stride has always made security its #1 priority. The Stride blockchain is secured by Cosmos Hub through interchain security, giving Stride the economic security of all staked ATOM. At the current price of ATOM, Stride has roughly $3B of economic security. Whatâs more, Stride has advanced IBC rate-limiting, which was custom designed for the Stride blockchain. If thereâs an incident, Strideâs IBC rate-limiting blocks huge withdrawals from the Stride chain. All Stride code has been audited multiple times, and is fully open source.
Final thoughts When Namada launches, it will revolutionize data protection not just for IBC tokens but any token enabled by Namada governance. Through its multi-asset shielded pool using ZK tech, Namada will provide the strongest and most convenient data protection guarantees the Cosmos ecosystem has ever experienced. Thanks to the high efficiency of Stride LSTs as well as the high security of Stride protocol, Stride is well suited to provide much of the liquidity in the shielded pools. Users will be able to keep their tokens in the shielded pool - earning fees and potentially NAM shielding rewards - while at the same time generating staking rewards.
Frax is Coming to Movement and Bringing its Whole DeFi Stack
DeFi could change how we use money. But so far DeFi is failing. The point of failure? Safety. Billions are lost to DeFi hacks each year. Many of these hacks stem from code vulnerabilities, and most would be preventable if developers coded in Move. Movement DeFi is built on an idea: in order for DeFi to reach its potential, it must be safer. A powerful DeFi ecosystem is forming on Movement, an economy of apps benefitting from Movementâs greater safety â not to mention its modularity, liquidity, interop, and speed. Today, recognizing this growth, potential, and focus on security, Frax has announced plans to natively deploy on Movement. Critically, Frax is committed to rewriting its entire Solidity codebase in Move. Frax is an OG Ethereum DeFi protocol with $600M+ in TVL. Itâs a one-stop decentralized bank offering numerous assets and products, including liquidity, lending, and stablecoins. Frax effectively unites these three foundational DeFi services under one digital roof. Itâs also a high-powered, battle-tested protocol that has innovated time and again while surviving severe market turbulence. With its coming launch on Movement, the whole Movement DeFi ecosystem benefits.   How? Frax is bringing our ecosystem new assets, products, and incentives. Movement DeFi apps can use these primitives to develop more complex, efficient offerings.Â
Frax will be introducing at least four new assets to Movement: Frax (a decentralized stablecoin pegged 1:1 to USD)sFrax (a staked version of this stablecoin)frxETH (a liquid staking token pegged 1:1 to Eth)FXS (the staking and governance token for the Frax ecosystem) Frax will also be deploying Fraxlend, Frax CDP, and its staking contract on Movement. To jumpstart the partnership, both Frax and Movement offer existing Frax users incentives to bridge to Movement. Frax and movement will work toward providing $10M in protocol liquidity. Frax plans to be live on Movement on Day 1 of Movement mainnet. A DeFi powerhouse deploying on Movement (and upgrading to Move and Moveâs security) grows the pie massively for both parties. For Movement, Frax expands what Movement DeFi protocols and users can do. And Movement levels up Frax in return. When an Etheruem DeFi OG like Frax deploys in Move on Movement, they trade in an old car for a Lamborghini with brakes, fine-tuned for the needs of today.Â
Movement is the home for safe, high-performance DeFi, offering greater: Speed (the MoveVM with Block-STM parallelization can reach 180K TPS)Security (the Move language circumvents 80%+ of common Solidity hacks) Liquidity (Movement unites the EVM and Move ecosystems, creating a deep liquidity hub) Interoperability (Movement is compatible with most other blockchain networks) With the security, throughput, scaling potential, and other next-gen performance features of Movement, DeFi protocols like Frax have the platform they need to thrive. More broadly, DeFi has the home it needs to grow safely and reach its great potential. And thatâs just the beginning. Frax and Movement have other dishes cooking. Details to come! To learn more about Frax now, visit its website. To keep up with Frax and Movement, follow both on social media and get excited for whatâs next.Â
@everyone stDYM airdrop claiming begins today đ From Feb - June, a total of 250K STRD was allocated to holders of stDYM. Airdrop distribution begins today, lasts until December. Don't want to wait that long? Insta-claim your airdrop today! Details đ For the stDYM airdrop, STRD is distributed exactly 150 days after allocation. So if you held stDYM on the first day of the airdrop, you can claim your first day's worth of STRD today. Distribution period will last 150 days starting today. Want your full allocation now? There's an option to insta-claim your full amount. But there is a cost. To insta-claim, you forfeit 30% of your total airdrop. The insta-unlock option is only available for the next 30 days. Check out the Stride airdrop page for everything you need to know! Also, remember that stTIA airdrop is currently being distributed. And stSAGA airdrop will begin distribution shortly. đ http://app.stride.zone/airdrop
Starting today and lasting until late December, STRD will be distributed daily to airdrop recipients.
Don't want to wait to get your full amount? There's an option to instant-unlock today!
Short post with everything you need to know đ
Airdrop overview
From February - June, anyone who held stTIA received a daily allocation of STRD. A total of 5M STRD was allocated, which is 5% of total supply.
This allocated STRD becomes claimable 180 days after allocation. So given the first day of the airdrop was Feb 1st, the distribution period will be from today until December 27th.
For example, if you held stTIA for the whole airdrop, then you'll receive some STRD every day from now until late December. If you only held stTIA for the first 30 days of the airdrop, then you'll receive STRD for only the first 30 days of the distribution period. And so forth. Daily distribution exactly 180 days after daily allocation.
While you can claim your STRD every day if you want, you don't have to. If you leave it for a few days, you can claim all unclaimed STRD from previous days.
But keep in mind that the final day to claim is January 31st, 2025. After that day, all unclaimed STRD will be repurposed.
Instant-unlock option
But you know what? Waiting months to receive the full amount of an airdrop isn't fun. So we built an insta-unlock button! Press the button to get your full STRD allocation immediately.
Of course, there's a catch. By immediately releasing the full airdrop, users forfeit 30%. Forfeited STRD will be repurposed for the benefit of Stride protocol.
If you want to do the insta-unlock, you can do it any time from now until August 31st. After that date, it will no longer be an option. If you want, you can claim your daily STRD distribution for a few days and still do the insta-unlock whenever you want, up until August 31st.
So will you claim daily, or opt for the insta-unlock? The choice is yours.
Summary -To ensure stTIA trading liquidity on Osmosis, 75,000 STRD will be deployed as incentives over the next three months -An additional 75,000 STRD for another three months is tentatively planned, for a total of 150,000 over six months -The Osmosis trading pool to be incentivized is stTIA / TIA, pool #1476 -The STRD incentives are sourced from the Stride Incentive Council, which received STRD from the Stride community pool -Incentives will be live today Importance of LST trading liquidity Since its launch nearly two years ago, Stride governance has always undertaken to ensure the availability of trading liquidity for Stride LSTs. Liquidity for LSTs makes them far more useful, as users can instantly swap out of an LST. Furthermore, LST trading liquidity is needed for lending applications, like Mars and Inter Protocol, to support LSTs as collateral. For leverage apps, LST trading liquidity often serves to provide an oracle price; the deeper the liquidity, the more resistant the oracle price is to manipulation. Currently, deep liquidity for stATOM and stOSMO on both Osmosis and Neutron is being maintained through protocol-owned-liquidity deployments from the Cosmos Hub and Osmosis community pools. In addition, stEVMOS, stJUNO, and stSTARS trading liquidity is being maintained through similar arrangements. This is an ideal way to maintain liquidity, as it incurs no cost to Stride governance. Incentives for stTIA Given the strategic importance of stTIA, it is vital that adequate trading liquidity be maintained. And so the Incentive Committee, to whom Stride governance has delegated incentive decision-making, has determined the above-mentioned incentive plan for stTIA. Although directly incentivizing liquidity through use of STRD is unsustainable in the long run, over the history of Stride it has proven to be an effective short-term solution. Over the long run, a more permanent solution to stTIA trading liquidity will be sought. As mentioned above, the Incentive Council is deploying 75,000 STRD to an Osmosis stTIA/TIA trading pair, with a three month duration. Thereafter the Council is likely to re-up incentives at the same rate for a further three months, for a potential total of 150,000 STRD over the next six months. The stTIA incentives will be live today. Notably, this incentive program is the only incentive program currently being undertaken by the Stride Incentive Council.
1ïžâŁ GemSquads farming begins! We have launched the farms voted on by the Stonfiers. The list of farms with rewards is available here: https://discord.com/channels/974592621706117120/1074661734528319530/1258054324148244581
2ïžâŁ STONfi & OrbitonX Trader Competition is now open! Trade in the STON/USDT pool and earn rewards based on your trading volume: https://t.me/stonfi_bot?start=orbitonx
3ïžâŁ STONfi on CoinDesk. Read the article about the future of Web3, the immense potential of Telegram, and the crucial role of STON.fi in popularizing blockchain technology: https://www.coindesk.com/opinion/2024/06/27/the-prize-for-owning-web3-distribution-is-enormous-heres-why-it-wont-go-to-big-tech/
4ïžâŁ 10 STON for feedback and new ideas! Participate in the event on CoinMarketCap: share your user experience, propose new useful features for STON.fi, and win rewards: https://discord.com/channels/974592621706117120/1074661734528319530/1258464198753648640
5ïžâŁ Rewards for exclusive Stonbassador contest are sent! Stay tuned for unique activities in the Telegram channel for ambassadors: https://t.me/stonfiambassadors
6ïžâŁ DISTON quest continues. Head to the <#1212416753804775435> channel, mine the currency, and exchange our official discord currency for STON at the end of each month.
7ïžâŁ New farms launched. CES, JDOGE, and WEB3 farming is now available on STONfi DEX.
đ„ Weekly trading volume: 21.3M TON ($152M) đ„ TVL: 42.9M TON ($306M) đ„ Our liquidity providers earned about 42,700 TON ($304,000) this week Stay tuned!
**đż GemSquads: Farming** Stonfiers! We have launched the farms you voted for with the rewards you determined. Additionally, based on the distribution of GEMSTON, we have increased the rewards for existing farms â WEB3/TON, PUNK/TON, and durev/TON. GemSquads farming has begun!
đ REGI/TON Rewards: 2,926 STON (~$50,000) Farming period: until August 1. LP-token lock in the smart contract: none.
đ REDO/TON Rewards: 1,574 STON (~$27,000) Farming period: until August 1. LP-token lock in the smart contract: none.
đ PET/TON Rewards: 842 STON (~$14,300) Farming period: until August 1. LP-token lock in the smart contract: none.
đ HIF/TON Rewards: 419 STON (~$7,000) Farming period: until August 1. LP-token lock in the smart contract: none.
đ BTC25/TON Rewards: 238 STON (~$4,000) Farming period: until August 1. LP-token lock in the smart contract: none.
đ MC/TON Rewards: 186 STON (~$3,000) Farming period: until August 1. LP-token lock in the smart contract: none.
đ FNZ/TON Rewards: 113 STON (~$2,000) Farming period: until August 1. LP-token lock in the smart contract: none.
đ WEB3/TON extended Rewards: +2,099 STON (~$35,800) Farming period: until August 1. LP-token lock in the smart contract: none.
đ durev/TON extended Rewards: +1,295 STON (~$22,000) Farming period: until August 1. LP-token lock in the smart contract: 3 days.
đ PUNK/TON extended Rewards: +308 STON (~$5,200) Farming period: until August 1. LP-token lock in the smart contract: 14 days.
âHow to Earn Rewards? Stake LP-tokens in the Pools tab. The higher your share in the farming pool, the larger share of rewards you'll receive. Rewards can be claimed at any time! âš Stay tuned for announcements of the new GemSquads voting! @everyone
Stonfiers! The functions of the STON.fi DEX are often being integrated into the projects of our friends. Introducing MMPro Group platform.
âčïž MMPro Group (https://marketmaking.pro/) is a multifunctional platform for expert consultations, collaborations, token launches, investment attraction, and other useful services for traders and developers. The number of platform users has exceeded 2.5 million.
Recently, the functionality of STON.fi has been integrated into the MMPro trading terminal for market making on the TON network.
But that's not all! Now, subscribing to STON.fi's social media channels provides benefits in BUMP â a clicker app from MMPro Group for receiving token and NFT vouchers.
đż Weekly Round Up 1ïžâŁ Two days left until the end of The Open League. Join farming (https://app.ston.fi/pools?selectedTab=OPEN_LEAGUE&sortBy=FARM_APY_DESC&search=&farmingAvailable=false) in 9 farms with rewards in TON, STON, and project tokens. 2ïžâŁ STON.fi CEO Slavik Baranov spoke at Dutch Blockchain Days. (https://dutchblockchaindays.nl/) At this major event in Amsterdam, Web3 professionals from around the world discuss the future of the crypto industry. 3ïžâŁ Gemsquads: one week of voting left. Select farms, (https://ston.fi/gemsquads) send GEMSTON to special addresses, and increase farming rewards for the next month. 4ïžâŁ STONfi integrated (https://t.me/stonfidex/572) into Pumpers. Now, tokens accepted by the community will be added to the STONfi DEX upon reaching a capitalization of 1000 TON. 5ïžâŁ STONfi at the TON Celebration Event. (https://t.me/stonfidex/574) Set up the Bitget Wallet, complete our and our partners' tasks, and win a share of the $50,000 prize pool! 6ïžâŁ New farming. Farms for CATS/TON and REBA/TON are available (https://t.me/stonfidex/573) on the STONfi DEX. đ APR in active farms: đ„ WTF/TONâ 944% đ„ WALL/USDTâ 496% đ„ TON/CATS â 485% đ More farms on STON.fi (https://app.ston.fi/pools?selectedTab=ALL_POOLS&sortBy=FARM_APY_DESC&search=&farmingAvailable=true) đ DEX Statistics: đ„ Weekly trading volume: 21.7M TON ($159M) đ„ TVL: 38.6M TON ($283M) đ„ Our liquidity providers earned about 43,500 TON ($318,000) this week Stay tuned!
đż STON.fi CEO at Dutch Blockchain Days Stonfiers! Last week, a major crypto event took place in Amsterdam â Dutch Blockchain Days. STON.fi CEO Slavik Baranov presented our project as an innovative DEX on TON Blockchain and discussed the development of new functions. Check out the photos from this event and find: âš a smoke cannon; âš a physical representation of Bitcoin; âš a cardboard tree with cards growing on it; âš a typo in Slavik's last name. đ See Dutch Blockchain Days for yourself: https://photos.app.goo.gl/C7Yx3D9SUXvDJ29fA Stay tuned.
đą STON.fi CEO at Dutch Blockchain Days âĄïž Stonfiers! Today, Slavik Baranov, CEO of STON.fi, will speak at Dutch Blockchain Days â a major crypto event in Amsterdam. Dutch Blockchain Days gathers thought leaders and professionals in the Web3 from around the world to discuss blockchain, DeFi, stablecoins, security and legal regulation, cryptocurrency success stories, and the future of the entire industry. Slavik Baranov will join the discussion, present STON.fi as an innovative DEX on TON Blockchain, and share the latest news on the development of new functions. đ Learn more about Dutch Blockchain Days: https://dutchblockchaindays.nl/ Stay tuned.
đą **STON/USDt Farming** Stonfiers! Today we are launching a farm with the two most popular tokens among STON.fi users. Welcome to STON/USDt farming! đđđ
**STON/USDt** Rewards: 10,000 STON (~$170,000) Farming period: until July 17. LP-tokens lock-up: no. How to Earn Rewards? Stake LP-tokens in the Pools tab. The higher your share in the farming pool, the larger share of rewards you'll receive. Rewards can be claimed at any time! đ Farm STON: https://app.ston.fi/pools/EQBWjPASSjsgibEv3fGUCwSwFyUxLVFaywZzNmuBXPFOFfOG đ âïžReminder: LP-tokens are automatically issued upon providing liquidity. https://discord.com/channels/974592621706117120/992355190839726081 Stay tuned!
Stonfiers! Recently, we launched the unique Gemsquads event. You can use GEMSTON to support The Open League projects with trading pairs on STON.fi and increase the farming reward pool for the next month.
Stonfiers have already cast over 13,000 votes in GEMSTON for 36 pool addresses. The TON/WEB3 trading pair is leading by a wide margin with over 11,000 votes.
âïžReminder: The reward pool of 10,000 STON (~$170,000) will be distributed among the 10 farms with the highest number of GEMSTON votes.
Vote for trading pairs and increase rewards!: https://ston.fi/gemsquads
You can purchase GEMSTON on the DEX. Read more about the voting rules and reward distribution here: â đąâannouncementsâ
Stay tuned.
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