Inflation is slowly cooling off, and the markets like it. Usually, crypto relief rallies happen amid new narratives gaining momentum. In 2019 it was IEOs. Let’s see if we get something in the coming weeks.
In the meantime, we’ll keep trying to get some low-hanging fruits.
A New Chain From ConsenSys
ConsenSys is the moving force behind Ethereum. It’s the creator of the core infrastructure like MetaMask.
The company recently launched a Layer 2 network and signing up as an early tester is a no-brainer. Here’s how to do it:
- Register an Infura account
- Fill in the form
- Wait for the notification email that you’re onboarded (not the email that you’re on the waitlist)
- Once you receive the email, join the ConsenSys Discord and go to the “zkevm-rollup” channel to see how to get testnet funds and what you can do on the testnet
Getting onboarded takes time. If, at some point, it takes too long, ask for help in Discord.
Nostra: Money Market on StarkNet
Another day, another StarkNet play. This time it’s Nostra, a money market. You can think about it as an Aave clone on StarkNet.
The network recently launched its alpha version on the Mainnet. You will need some real funds, but not too much. Deposits are capped at just a few dollars.
Here’s what to do:
- Connect your Argent or Braavos wallet to the app
- Deposit a few dollars worth of any asset that you have in your wallet
- Your deposit will be reflected in your dashboard’s “Assets” section. Click “Manage,” then “Borrow,” and borrow a tiny sum. I borrowed a dollar.
Prime Protocol: Cross-Chain Money Market
Prime is similar to Nostra and Aave but works on many chains. It aims to let you borrow money on, say, Ethereum while keeping collateral on, say, Avalanche. The project raised almost $3 million from some of the industry heavyweights.
The project has an incentivized testnet program. The incentives are NFTs that will likely be allowlist spots or airdrop rights.
Only some people will get them, and distribution will be random, but it’s worth trying. Plus, the team hinted that those who won’t get an NFT will still have a chance to receive one down the road.
Prime is complex, and the number of actions required is long. Before you dive in, make sure to follow the project’s Twitter and retweet this tweet. Then, proceed to this tutorial. It’s lengthy, but I encourage you to go all the way to the end and not postpone it.
Yagi: Yield Aggregator on StarkNet
Yagi is similar to Yearn. The project is in its infancy, so at the moment, it’s running on the testnet. Trying it is quick and straightforward. Go to this page and deposit either ETH or DAI to a vault. Remember, this is a testnet. If you need testnet funds, get them here.
That’s it for today. Thank you for reading.