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Today's Newsletter is brought to you by Equation
Project Description:
Equation is an interesting PerpDex on Arbitrum with the BRMM LP model, allowing LPs to turn their volatile losses into temporary losses and traders to leverage up to 200x.
The platform has a nice design and a high token issue for holding a position, LP, and deposit into an insurance fund.
🙍♂️ Followers: 46.2k
For example, for holding a 200 leveraged BTC position you will receive 14433% APR in token $EQU, and LPs receive 200-400%.
Emission with vesting one year with no penalty, 180 days with 50% penalty, or no lock burn 90% of rewards.
Latest Update: Upcoming V2 in Q1
Equation v2 supports 200+ assets and aims for permissionless listing.
It improves the Balance Rate Market Maker (BRMM) algorithm with precise passive positions for liquidity providers (LPs), multiple fee and leverage tiers, and removal of the Risk Buffer Fund (RBF).
Pricing Mechanism Simplified:
• Perpetual contract pricing based on liquidity pool construction.
• LPs mirror user positions in opposite directions.
• LPs' passive positions proportional to their liquidity share.
• Liquidity Pool Balance Rate (BR) calculated as Short Positions Value Held by LPs / Total liquidity of LPs.
• BR zero when LPs hold no positions, indicating balance.
• Perpetual Contract Price Premium Rate (PR) determined by BR.
• PR = f(BR), jointly determined by pool state and system parameters.
• When LPs are fully balanced (BR = 0), PR is zero.
2/➯ Updates & Upgrades in DeFi
Berachain’s Public Testnet "Artio" is now live:
Introducing Nitrogen Testnet:
Taiko’s Approach to Multi-Proofs:
Rabby wallet snapshot:
SmartLayer Testnet is live:
Manta Network introduced its Tokenomics:
3/➯ Alpha by Threadors & Good Reads
The ultimate list of must-follow VCs:
Prediction on PYTH and Solana Ecosystem:
Difference Between Sei And Monad:
The hard truth about GameFi on CT - 10-100x return:
Ultimate guide on setting up the node:
The 2024 Blueprint: AI x DePIN x Solana:
Tips to build up a lot of capital in The Crypto Bull Market:
The next 5 years of US economic growth:
4/➯ VITAL NEWS📰₿
Firedancer Will Be More Important For Solana Than EIP-4844 Is For Ethereum:
Blackrock CEO: Bitcoin Is “No Different" Than Gold:
Michael Saylor sold 400,000 MicroStrategy ($MSTR) stocks between Jan 2-10, for the first time in 12 years.
It was previously noted that Saylor planned to use the proceeds for his personal Bitcoin purchases:
CleanSpark Announces Strategic Agreement for up to 160,000 Bitmain S21 Miners, Path to 50 EH/s:
OpenSea Set to Enhance NFT Marketplace with 'OpenSea 2.0' Platform Upgrade
Lido announces proposal for the creation of a dedicated blockchain to mitigate LDO token value leakage and minimize regulatory challenges
5/➯⛓️On-Chain Data:
Why Vitalik approves a gas limit increase on the Ethereum blockchain:
Bitcoin miners are moving the bitcoin price:
Comparison of block time different blockchains:
The burgers closed over 1 bln USD worth of open interest on BTC after the ETF approval came in this week:
Grayscale sent 21.4k BTC to multiple addresses, including Coinbase, in the last 30 days:
Bitcoin Spot ETF volume and deals:
Daily trading volume on pendle_fi broke ATH consecutively in the past 3 days:
Solana's DeFi Sector Staged Dramatic Comebacks in the Last Two Months:
6/➯ Macro Metrics 📈
The situation with Logistics:
The current level of real yields is not unusual for the pre-QE period:
That’s it for today, my friends!
Thank you all for staying with us. Your future self will undoubtedly be grateful for the knowledge and insights gained here.
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