What a week!
A heartfelt thank you to each of the 60,000+ unique depositors for soon pushing the Points Program past $100M ⛽️
But that is hardly all that's going on in the Fuel ecosystem. Let's take a look at some recent highlights 🧵
Introducing L3 Layered Staking – aligning long-term growth with future rewards & utility.
Our innovative model rewards dedicated users with more L3 and enhanced benefits.
How it works👇
TODAY: German Government selling up to $155M BTC
Today the German Government sent 2738.7 BTC ($155.3M) to likely exchanges/market makers including Kraken, Cumberland, 139Po (likely deposit for institutional/OTC service) and address bc1qu.
Of this, 1533 BTC ($87.6M) has been sent in the past hour.
Prior to today, the German Government has interacted with neither the Cumberland address nor the bc1qu address.
Fuel 🔢 The 🔢 Future
Today, we welcome you to join the Fuel Points Program, an opportunity to qualify for future incentives as we progress toward Fuel Mainnet launch.
This is your chance to join us in shaping the future of Ethereum rollups.
To match the scale of the vision for Layer3, the Foundation has made 2 key changes:
• Total supply of L3: 3,333,333,333.
• The initial airdrop will be increased to 7.5% of total supply.
Tokenomics, staking & burn mechanisms can be found in the Layer3 Foundation’s docs.
Sei 🤝 The Graph
You can now build subgraphs for @SeiNetwork in Subgraph Studio 🏗️
That means devs building on Sei now benefit from fast & reliable data powered by The Graph🔥
Tag your favorite Sei dapp ⬇️
A healthy dose of fear goes a long way...
2 times this cycle #Bitcoin Fear and Greed close to 30 has represented the exact price bottom.
Many times a move to fear has represented the local low.
The jump from 28k in October 2023 to 74k in March 2024 was one of the most explosive relative moves in Bitcoin history, all things considered, price is doing just fine.
We're happy to share that Coinbase Prime plans to offer custody for zkSync (ZK). Asset availability is based on custodian entity and customer jurisdiction.
This does not constitute a listing of this asset (or any intention to list this asset in the future) on Coinbase Exchange