6 hours agoMember-onlyArbitrum airdrop is now live — here’s how to claim itThe long-awaited Arbitrum airdrop is now live. We’ve covered Arbitrum extensively in the past, and if you have been following our guides, you would have benefitted from the airdrop. The value can range from US$50 to US$10,000 depending on how extensive your interactions within the Arbitrum ecosystem was. Arbitrum x DeFi Edit descriptionstakingbits.medium.com In this…Cryptocurrency3 min readCryptocurrency3 min read
Mar 16Member-onlyArbitrum is launching $ARB tokenArbitrum, a prominent Ethereum Layer 2 scaling solution, has announced plans to airdrop a new token and transition into a Decentralized Autonomous Organization (DAO). The Arbitrum team plans to distribute the new token to users of its platform who have actively participated in using its services, such as liquidity providers…Airdrop1 min readAirdrop1 min read
Published in Stakingbits·Feb 27Member-only5 GLP strategies featuring protocols building on GMXGLP, the crypto index LP token by GMX exchange has demonstrated the potential of real yield in DeFi — offering a sustainable rate of return since inception. GLP is composed of stablecoins and other crypto tokens like BTC and ETH. Guide to GMX and GLP — decentralized crypto exchange What is GMX?medium.com Investors can stake it to earn from trader losses as…Defi5 min readDefi5 min read
Published in Stakingbits·Feb 19Member-onlyGuide to Sentiment — permissionless undercollateralized on-chain borrowingUndercollateralized borrowing on-chain refers to a revolutionary concept in the world DeFi, where users can borrow funds without having to provide collateral equal to the value of the loan. Sentiment is a protocol that is enables that allows borrowers to access up to 5x leverage to long/short tokens and deploy…Arbitrum3 min readArbitrum3 min read
Published in Stakingbits·Feb 18Member-onlyIntroduction to GMD Protocol — yield optimizer built on top of GMX and GLPGMD Protocol is a yield optimizing and aggregation platform built on top of existing applications on Arbitrum. Currently, it offers single sided BTC, ETH, USDC vaults built on top of GMX and GLP by offering delta-neutral strategies to aggregate yields from a liquidity pool. Guide to GMX and GLP — decentralized crypto exchange What is GMX?stakingbits.medium.com How GMD protocol worksCrypto2 min readCrypto2 min read
Published in Stakingbits·Feb 13Member-onlyLido introduces V2 — modularization and stETH withdrawalsLido is launching Lido V2, a new version of its protocol that moves the needle forward in decentralization. Key updates include a new Staking Router which allows anyone to develop on-ramps for new Node Operators, as well as Withdrawal functionality for stETH stakers at a 1:1 ratio. Staking router upgrade The Staking Router…Crypto2 min readCrypto2 min read
Published in Stakingbits·Feb 10Member-onlyOptimism launches second $OP airdropOptimism announced its second $OP airdrop, distributing 11.7m $OP tokens to 307,965 unique addresses, or about 0.27% of the total supply. A snapshot of addresses was taken on 01–20–2023. The airdrop is part of Optimism’s goal of distributing 19% of its initial governance token supply as the blockchain forges a…Optimism2 min readOptimism2 min read
Published in Stakingbits·Jan 30Member-onlyGuide to GMX and GLP — decentralized crypto exchangeWhat is GMX? GMX is a decentralized exchange protocol that is currently deployed on Arbitrum and Avalanche, offering up to 50x leverage on tokens using perpetual contracts. Instead of trading actual tokens, users deposit collateral and take long or short positions, depending on their view on the market. Profit is paid in USDC…Arbitrum3 min readArbitrum3 min read
Published in Stakingbits·Jan 4Member-onlyDeFiLlama launches Meta DEX aggregatorDefiLlama announced the launch of its latest product, a meta DEX aggregator that aggregates quotes from multiple DEXes in DeFi into one — allowing you to receive the best price from 8 different aggregators, including 1inch, Matcha, Paraswap, Cowswap and more. Currently in beta, the aggregator queries multiple DEX aggregators…Defi2 min readDefi2 min read
Published in Stakingbits·Dec 27, 2022Member-onlyGuide to Marinade Finance — liquid SOL (mSOL) staking on SolanaMarinande Finance is a non-custodial liquid staking protocol built on Solana. Just like Lido Finance, you can stake your SOL tokens with Marinade using automated staking strategies and receive marinated SOL (mSOL) that you can use in DeFi. How to stake SOL on Lido — liquid Solana staking What is Lido?medium.com By staking SOL with Marinade, you can: Stake SOL and help secure…Defi4 min readDefi4 min read
