WolfDAO Newsletter - #25
Earn 10% of wETH with no Impermanent loss! Read more about Helium Rent, Ethereum Name Service, Ukraine Airdrop, OpenSea, HEIR drop, and other protocol happenings.
Earn 10% of wETH with no Impermanent loss!
CelsiusX is fully integrated with Polygon and has provided $100 million in seed liquidity pools to prevent slippage. Together, CelsiusX, Polygon, and QuickSwap will provide $10 million in rewards to encourage liquidity providers (LPs) and stakers for the incentivized pairs mentioned below.
cxADA-cxETH
cxDOGE-cxETH
cxETH-ETH
LPs and stakers will receive rewards over the next six months as this would be a long-term LP play for yield farmers on Polygon. Out of all the pairs, the cxETH-ETH would not have any impermanent loss and is best suited for yield farmers who want a high-yielding low-risk strategy.
Source: DeFi Pulse
Helium Rent launches rentable Helium-mining hotspot to bolster cloud-mining
The charm of cryptocurrency is exploring new definitions as a fast-growing startup is helping people mine for Helium with minimized risks. Helium Rent offers customers the ability to rent a shared hotspot — eliminating hefty startup costs for those just getting started.
The service is reliable, secure, legal, and offers 24/7 customer support from industry experts. Customers can choose a Helium Hotspot Plan by visiting the website.
The Shared Hotspot Plan, $49, returns 1.13% over 180 days.
The Bobcat Hotspot Plan, $535, increases returns to 1.63%.
The Bobcat Cluster Plan, $1,635, returns 1.93%.
The highest-tier plan, the Rak City Plan, returns 2.13%.
After purchasing a plan, customers can connect to The People's Network, Helium's peer-to-peer wireless network, to earn Helium. The platform conducts proof-of-coverage testing to make it easier growing profits. Earnings are credited to users each day, with the option to withdraw income in multiple currencies, including USDT, ETH, and BTC.
Ethereum Name Service (ENS)
When the internet came into action, people had to remember the lengthy IP addresses (a string of numbers such as 103.44.2.123) to access a website. Briefly, human-readable names made it easy to recognize a website instead of an IP address. However, Web3 space is still stuck on long addresses to access the pages.
Ethereum Name Service (ENS) helps solve the issue of long addresses. It maps human-readable names instead of Ethereum addresses. As the name suggests, it is a platform that provides a distributed, open, and extensible naming system based on the Ethereum blockchain.
As an example, consider remembering your Ethereum address. You would find it difficult as it consists of many characters and numbers. ENS comes to our rescue by creating a name like 'xyz.eth' easily readable by humans.
ENS has aimed to be identical to Domain Name Service (DNS) but possesses different architecture due to the capabilities and constraints provided by the Ethereum blockchain. Like DNS, ENS operates on a system of dot-separated hierarchical names called domains, with the owner of a domain having complete control over subdomains.
Mykhailo Fedorov Cancels Crypto Airdrop
Ukraine's Vice Prime Minister has announced that the country has canceled the crypto airdrop, scheduled for March 3, 6 PM Kyiv time. Fedorov said that Ukraine would have NFTs to support the country's armed forces. Ukraine has also received significant crypto donations amidst the Russia-Ukraine conflict. On February 26, 2022, the government first announced it was "now accepting cryptocurrency donations."
OpenSea Blocks Users in Iran Due to U.S. Sanctions
OpenSea, an NFT Marketplace, has begun blocking users based in Iran. The news comes just after several collectors and creators found themselves unable to access the site. Iran-based OpenSea user Arman wrote that he also received an error 404 message when accessing the marketplace. However, the news is not a shock to OpenSea as it has faced many frustrated users in recent months.
HEIR Drops its First Set of NFTs
NBA legend Michael Jordan launched a Web3 platform, HEIR, a Solana-based platform that aims to connect professional athletes with their fans. The platform has launched its first NFT collection to bring founding users into the upcoming platform. HEIR's 6 Rings NFTs are inspired by Jordan's storied career in the league, as he won six NBA championships with the Chicago Bulls in the 1990s.
Ukraine DAO's Flag NFT Sells for $6.75 Million
Amid the Russia-Ukraine conflict, crypto activists and enthusiasts quickly gathered to support Ukraine. They planned to raise the money by auctioning an NFT depicting the Ukrainian flag. Ukraine DAO, the brainchild of Alona Shevchenko, a Ukrainian activist living in England, raised 2,258 ETH (around $6.75 million) in an auction.
Planning to get Bitcoin? Order from Shake Shack and get Bitcoin
After celebrities like Megan Thee Stallion and Aaron Rodgers offered free Bitcoin through Block's Cash App, Shake Shack has announced that every purchase made with a Cash App debit card will refund customers 15% of the equivalent total in Bitcoin. The move comes after Robinhood and Burger King teamed up to give customers 1 Dogecoin every time they spent $5, while McDonald's has been making NFT Big Macs that are tastier than the real thing.
Terra climbs the ladder among DeFi Network
Terra has now become the second-largest ecosystem in decentralized finance. The fast-growing DeFi tool kit built on Cosmos boasts a total value locked (TVL) of just over $23 billion, marking an all-time high in U.S. dollar terms. CoinGecko shows that LUNA has risen by nearly 38.8% over the past week, while Anchor Protocol (ANC) soared by more than 70%.