24-05-07 15:46 It takes 6 minutes to read this article AI Summary See Summary
Original source: The DeFi Investor
Original translation: TechFlow
9 crypto stories to watch this week
1. Eigenlayer Token Release - $EIGEN will launch on May 10th, and unfortunately will not be transferable at launch. The team says EIGEN will be unlocked after new features are launched. These features are expected to be launched before September 30th, 2024.
Screenshot of Eigen Foundation announcement
2. NVIDIA earnings release - While this is not an event this week, I am sharing this information now to give you time to prepare in advance. NVIDIA's first quarter earnings for fiscal year 2024 will be released on May 22. If the earnings report is better than expected, it may have a positive impact on the price of some AI tokens, as has happened in the past.
3. Jito may announce a new SOL re-staking protocol at 6pm UTC on May 6th - Given the huge success of Eigenlayer, I believe building a re-staking protocol for SOL is a very good idea. Jito’s CEO will participate in an X Space with the co-founders of Solana Labs and Drift, where re-staking and other matters will be discussed.
4. Velodrome’s Superchain Extension - Velodrome’s Superchain extension will begin this week. Velodrome is the most popular DEX native to Optimism. With this extension, Velodrome will be deployed on some of the most popular L2s built with the Optimism Stack, including Mode, Fraxtal, and Zora.
5. Aptos Token Unlock - $103 million worth of APT will be unlocked on May 12th. Most will go to the team and early investors.
6. Pendle and Ethena deployment on Solana - According to a tweet from an Ethena team member, Ethena and Pendle Finance may be launched on Solana this month.
7. Ethena integrates USDe stablecoin on top CEX - This week, the fast-growing stablecoin protocol will make a big announcement about USDe integration. Given that Binance, OKX or Bybit invested in Ethena, these 3 exchanges may integrate USDe.
8. Mode Token Release - Mode, one of the fastest growing Ethereum L2s, will launch its token $MODE on May 7th. 5.5% of its supply will be allocated to the first community airdrop.
9. Sei V2 Mainnet Release Date Announced - Given that the audit of Sei V2 has just been completed, its release date may be announced soon. Sei V2 is a major network upgrade, and the team will transform Sei into a fully parallelized EVM blockchain capable of supporting 28,000 transactions per second.
This week's airdrop opportunities
1. Staking SOL on Sanctum (on Solana)
Sanctum is an ecosystem for liquid staking on Solana. The protocol has launched a first-of-its-kind loyalty rewards program that rewards users in a gamified way. By holding certain SOL liquid staking tokens, you can collect pets, which may make you eligible for future airdrops.
I started airdropping some of my SOL holdings last week. Sanctum has some big backers including Solana Ventures and Jump Capital.
Here is the relevant link: https://sanc.tm/w?ref=N9P221
2. Deposit USDe stablecoin on Karak
I think depositing USDe on Karak is one of the best airdrop opportunities for stablecoins right now. Karak is Eigenlayer’s biggest competitor, and USDe is Ethena’s stablecoin.
Both projects have launched a points program, and thanks to their recent collaboration, you can now earn points on both Ethena and Karak.
Strategy:
- Buy USDe using another stablecoin on Ethena
- Deposit USDe into Karak
