The FAsset test on Songbird has been designed to be limited in nature. The amount of FAsset that can be issued is limited both by a $2M per asset cap and the amount of agent and pool collateral.
As we have seen the system is fully minted most of the time. So why aren’t agents

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Pudgy Penguins is an NFT project that has just launched its own Token Issuance with a massive Airdrop to 7 million wallets, with a market cap of $5 billion. Abstract is a Layer 2 project that has just been launched by the parent company of Pudgy Penguins...

Guide to hunting for free Airdrop abstract, Layer 2 of parent company Pudgy Penguins

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The BlockBeats will summarize the key industry news content of the past week (12.16-12.22) in this article, and recommend in-depth quality articles to help readers better understand the market and learn about industry trends.

Important news review
The Fed's hawkish rate cut of 25 basis points; the crypto market cools down, with Bitcoin falling below $95,000 multiple times this week
On December 19, the Fed's annual interest rate decision for 2024 was concluded, lowering the benchmark rate by 25 basis points to the range of 4.25%-4.50%, the third consecutive rate cut, in line with expectations. Fed Chair Powell, in his...

Weekly Review | Hawkish remarks by the Federal Reserve led to a sharp correction in cryptocurrencies; Pudgy Penguins issued a "Sunshine" airdrop

On December 4, the Altcoin Season Index hit 88, suggesting that non-Bitcoin cryptocurrencies might perform better than the number one coin. However, the altcoin season chances might have been dealt a ...