sDAI Surpasses $10M in TVL in One Month
sDAI Surpasses $10M in TVL in One Month
Savings Dai (sDAI) has seen a surge in value, reaching $10M in Total Value Locked (TVL) within a month. sDAI is a yield-bearing stablecoin that generates a 6.8% yield. The interest earned from DAI bridged to Gnosis Chain is redirected to sDAI holders. Whales are bridging xDAI to Gnosis Chain to earn high yields. The yield comes from the interest accrued by sDAI, which is redirected from the xDAI Bridge on Ethereum mainnet. This yield is generated by the revenue Maker generates on DAI minting and the RWAs it holds.
sDAI -->$10M in TVL --> $55M in one month ⤴️ What is sDAI? And what's behind its surge? ⤵️ Savings Dai (sDAI) is a yield-bearing stablecoin that generates 6.8% yield. 🧑🌾 All the DAI bridged to Gnosis Chain is earning interest at MakerDAO. This interest is redirected to the
7,000,000 DAI & 6,000,000 DAI 🤯 A whale just bridged a staggering $13M $DAI in 2 txs to Gnosis on Jumper.exchange via the xDai Bridge. Here's the scoop: whales are actively bridging MILLIONS of DAI to deposit sDAI on @gnosischain. Are the whales onto something? 🦉
CCT Tokens Launch on Jumper Exchange with Multi-Token Standard Support
Jumper Exchange has expanded its token support to include CCT tokens, marking a significant enhancement to their cross-chain capabilities. Key updates include: - Integration of all major token standards - Improved liquidity pools - Enhanced routing mechanisms - Streamlined user experience - Reduced fragmentation across chains The platform now offers broader token accessibility while maintaining competitive rates. This expansion follows Jumper's recent interoperability upgrade, which unified support for various token standards across their protocol. *Users can now execute smoother cross-chain transactions with expanded token options.*
Jump into Bera Winners Announced - Claim Your Rewards
The Jump into Bera campaign winners have been selected, with rewards distribution now underway. Here's how to claim: - **Berabot Mission**: Direct wallet deposits - **KodiakFi Mission**: * First 5 winners: Direct wallet deposits * Remaining 5 winners: Claim via Merkl - **Bonus Raffles**: * KodiakFi 1000 BERA: Claim via Merkl * Beratrax 1000 BERA: Claim via Merkl All Merkl claims can be processed at [app.merkl.xyz/users](https://app.merkl.xyz/users) *Check your eligibility through the verify.win links provided for each category.*
Jump into Bera Campaign Concludes with $22M Total Bridge Volume
The Jump into Bera campaign has officially concluded with impressive results: - Total bridge volume reached $22M - Final standings for 1000 BERA raffles: * Beratrax: 1800 participants * KodiakFi: 1030 participants The campaign featured rewards from six Berachain protocols including yield boosts, discounts, NFTs, and point boosts worth $75K. Participants who ranked in top 10 of the UGC contest can claim prizes through Discord. [View campaign details](https://jumper.drops.house/home?ext_id=GCET6XSqW)
Video Updates and Advancements in Web3 Technology
**Recent developments in web3 video technology:** - Multiple video-related updates have occurred between September 12-25, 2024 - These advancements likely build upon previous innovations from May and July 2024 - Improvements may include: - Enhanced streaming capabilities - Decentralized content distribution - Integration with blockchain-based platforms The frequency of updates suggests rapid progress in this sector. Users can expect more seamless and decentralized video experiences in the near future. *Stay tuned for more detailed information on these exciting developments.*
Pudgy Penguins Raffle on Rootstock
Two Pudgy Penguins NFTs are up for grabs in a raffle hosted by Jumper Exchange on the Rootstock blockchain. To participate:n n- Bridge $69 to Rootstock using Jumper Exchangen- Enter the raffle for a chance to winn nThis campaign follows a similar promotion on Linea, where two Lil Pudgys were offered as prizes. Unlike the Linea event, this raffle does not allocate LXP tokens.n nThe promotion aims to encourage users to explore Rootstock's ecosystem while potentially winning valuable NFTs. Interested participants should review full details and terms before entering.n nBridge now to join the penguin party!