GM friends.
Here’s what I’ll cover today:
9 crypto events to watch this week
An overview of Ionet’s bare metal integration
This week’s airdrop opportunity
7 alpha threads
Let’s dive in👇
Crypto catalysts to watch this week
AAVE's new staking mechanism - AAVE's new staking mechanism will go live soon. AAVE stakers will start to receive the tokens accrued from buybacks
Frax’s North Star upgrade - Frax Finance will undergo an upgrade on April 29, which will turn the Frax token into the gas token for Fraxtal L2
OpenAI x Worldcoin - OpenAI is rumored to announce a social platform that will use Worldcoin's WLD token as its currency on April 30. Sam Altman is behind both OpenAI and Worldcoin
Pendle’s tokenomics upgrade - Pendle’s YT fees will be increased from 3% to 5% from May 2. These fees will be distributed in stablecoins to PENDLE stakers
BNB Chain’s Lorentz hardfork - BNB Chain’s next hardfork is scheduled for April 29. It will reduce the block time to 1.5 seconds to accelerate transaction finality
ProShares Trust’s XRP ETF launch - ProShares Trust’s futures-based XRP ETFs have been approved and will go live publicly on April 30
Kaito Connect’s upgrade - Kaito Connect is set to undergo a major upgrade this week, which will increase the utility of Yaps and staked $KAITO
SUI token unlock - $278M worth of SUI will be unlocked on May 1. Most of it will go to the community reserve and the early investors
Infinex’s big upgrade - Infinex will release an important upgrade on April 28, which will include adding broader token support, a new token explorer, and interactive asset charts
In collaboration with Tailored
The Internet of GPUs
AI is growing faster than the infrastructure built to support it.
Centralized cloud providers are overwhelmed, and this leads to high prices and limited access. Innovation is getting bottlenecked at the infrastructure layer.
Ionet is changing that.
By building a decentralized computing network that targets underutilized GPU resources, Ionet can offer up to 90% cheaper GPUs than its centralized competitors.
And just a few days ago, Bare Metal went live on Ionet.
This brings several major benefits:
Full access to the hardware for developers
Total Performance Transparency - see exactly what your machines are doing
Optimization for LLM training, secure workloads, and custom environments
Better performance by removing virtualization delays
Bare Metal means better performance, lower latency, and way more flexibility - all at up to 90% lower cost compared to traditional providers.
Ionet is one of the few projects at the intersection between crypto and AI that actually reached PMF. So far, it has generated $11 million in total network earnings.
This Week’s Airdrop Opportunity🪂
ValiDAO
If you hold $HYPE, $TIA, or $INIT, you might find this interesting.
ValiDAO is an infrastructure provider running validators for many popular blockchain networks with a community-first approach.
By staking your assets using ValiDAO’s validators, you can earn ValiDAO points on top of the staking rewards and qualify for its airdrop.
15% of the supply of its future token is allocated to the HYPE stakers alone.
Currently, these are the main assets that can be staked with ValiDAO:
HYPE
TIA
INIT
AXL
Any of these assets can be staked using ValiDAO directly from its website.
You can check out the platform here.
7 Alpha Threads
DeFi’s next evolution: How protocols become platforms
What happened to the crypto revolution?
Bitcoin - the trade after the trade
Crypto's broken funding model
Top tools for Web3 research
The next crypto AI meta
Some tips for trading memecoins
And that’s all for now.
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