Subcritical Cardano Weekly Newsletter - #59
Should be an interesting week as cracks are beginning to show in the economy.
Summon Incentivized Testnet
Summon is running an incentivzed testnet until March 18th. You can earn SUMMON tokens for providing feedback. Details here.
Liqwid Finance Distribution
Liqwid announced that LQ rewards will be distributed weekly, moving to daily eventually. It will require claiming though. I don’t see a date for the first distribution though. I’ll keep you updated.
Stablecoin Update
Issues with USDC over the weekend put Cardano stablecoins to the test. iUSD uses 3 different pegs (USDT, USDC and TUSD) to get a price. It held up to the fluctuations in USDC price with no issues.
DJED got down to 400% collateralization but quickly came back up and is sitting at around 450%. It was a good real world test for the stablecoin and we will see how it holds up in the future.
Minswap Yield Farms
Minswap has updated their yield farms. Be sure to take a look and adjust accordingly.
GoKey Dynamic ISPO
GoKey has adjusted their ISPO. It is an interesting concept and we will see how it works out. The more ADA delegated to the ISPO the more margin will be reduced. You can get full details here.
Latest Podcast
You can check out the latest podcast with JCRYPTO and I. We discussed some of the latest FUD and what to do in times like this. We also discussed a bit about the future of NFTs. We are working to get El, a popular Cardano Twitter account, to come join us next podcast. Releasing later today on my Youtube channel.
Thanks for reading. Let’s see what the markets bring this week.