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➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
A quick look at the data performance of the LSD protocol Swell
Written by: Betalpha Labs
1 Basic introduction
According to DefiLlama, the Ethereum liquidity staking agreements have risen in the past month, and the biggest rise is Swell Network, whose TVL has increased to $34.4 million.
Swell Network received $3.75 million in financing from investment institutions such as Framework and IOSG in March last year. After users pledged ETH, they obtained the pledge certificate swETH. The swETH held by the user remained unchanged, and the pledge income was accumulated into swETH, and swETH was exchanged for ETH The amount of increases with the increase of rewards on the chain. When the user pledges more than 32 ETH in the contract, the node operator on the whitelist is selected through the round-robin method to perform the pledge service.
Swell was officially launched in April this year. When it was launched, a promotional activity was launched to return 100% of the staking proceeds to the pledgers. That is to say, Swell and node operators did not charge any fees for the staking proceeds during the event. After the event, the node operators Reverted to charging 5% commission.
2 Pledge data
According to Dune data, the number of pledges has continued to increase since Swell went online, with more than 18,400 pledged $ETHs. Up to now, a total of 5,757 addresses have participated, of which 19 addresses have pledged more than 100 ETHs, and a total of 8,195 ETHs have been pledged; 32 The number of ETH pledged by the address is between 50-100, and a total of 2667 ETH is pledged; 146 addresses are pledged between 10-50 ETH, and a total of 3315 ETH is pledged. In other words, the above three groups have a total of 197 addresses, with a total of 14,200 ETH pledged, accounting for 76.92% of the total pledged amount.
About 30% of swETH exists in different contracts, mainly to provide liquidity for swETH, of which 20.6% of swETH provides liquidity for LPs in Balancer.
3 Mining pearls and governance token $SWELL
Swell is launching the first phase of the voyage event. By staking ETH to obtain and hold swETH and provide LP on Balancer, Aura, Uniswap v3, Maverick and Bunni, you can get pearls; when the number of staking ETH exceeds 50,000 during the event, distribution The total size of rewards will increase by 40%.
It is conceivable that the number of pearls users get will be closely related to the airdrop of their governance token $SWELL.