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The SPX index is down 0.28%, the decline was led by sectors such as utilities, energy, and technology, with eight out of the 11 S&P sectors finishing lower. The broader cryptocurrency market is down, with Bitcoin and Ether dropping by 2.21% and 1.43%, respectively in the past 24 hours.
Today’s outperformer is PENDLE, which jumped 9.4% after Michi Protocol goes live with YT deposits via Pendle for $MICHI points and liquidity solutions.
Pendle Finance (PENDLE), launched on June 2021, is a DeFi protocol on Ethereum for tokenized yield trading, allowing users to split assets into Principal and Yield Tokens for flexible trading and various yield strategies, and supports Arbitrum. Michi Protocol has officially launched, allowing users to deposit YT via the Pendle platform at michiwallet.com to earn $MICHI points. $MICHI represents a new trustless point trading protocol, offering liquidity options for various platforms including Eigenlayer, Renzo Protocol, Ether.Fi, and Kelp DAO.
Check Out the Latest Prices, Charts, and Data of PENDLEUSDT Perp and PENDLE/USDT Spot!
Optimism, an Ethereum layer-2 scaling network, is allocating $3.3 billion in Optimism (OP) tokens for grants to significant contributors within its ecosystem. This initiative involves 850 million OP tokens, representing 20% of the initial OP token supply. The grants will be distributed across four rounds starting in May and extending through 2024, focusing on retroactive public goods funding (RPGF) and support for infrastructure, governance, and development tools. The goal is to reward projects and individuals who provide valuable services to the Optimism community without expecting a profit, a concept known as public goods in crypto. Previous rounds have benefited various projects, highlighting Optimism's commitment to fostering innovation and support within its ecosystem. Ethereum co-founder Vitalik Buterin praised Optimism's dedication to public goods funding, expressing hope for more projects to adopt similar funding models.
The OMNIA Protocol, a DeFi protocol aimed at enhancing blockchain security and profitability through private RPC endpoints, is conducting an airdrop in collaboration with Chaingpt. Participants have the opportunity to win $10 in CGPT/OMNIA tokens, with 1500 individuals selected at random. To participate, individuals must register through the OMNIA Protocol's Telegram bot, join their Telegram group, follow their Twitter, retweet their content, and submit a BSC address.
Check Out the Latest Prices, Charts, and Data of CGPT/USDT Spot!