- Bonzo Bytes
- Posts
- Bonzo Bytes Newsletter - #11 ๐ต๐๏ธ
Hello, Bonzo Community!
Weโre back with the latest from our weekly Bonzo Bytes ๐ Space! From Pre-Season Bonzo Points airdrop updates to news across the Hedera ecosystem and the rest of the Web3 industry, weโve got you covered. Letโs dive in!
Bonzo Pre-Season Points Airdrops: The Competition is Heating Up!
The Bonzo Points Pre-Season campaign is in full swing โ if you were holding Bonzo-supported HTS assets during the snapshot on September 13th at 4:00 PM ET, your points have already started rolling in ๐ก
Hereโs what you need to know
Points Airdrop to $HST holders: Happened on Friday! A total of 1,254,043 Bonzo Points were airdropped to 1,617 $HST holders. So far, 56,487,027 points have been distributed to 59,205 holders across the campaign.
Points Airdrop to $KARATE holders: Successfully happened on Wednesday โ shoutout to all the $KARATE holders climbing the leaderboard!
Karate masters, the HashPack App ecosystem wallet is your gateway to Hedera DeFi! ๐ฅ Import your account & visit app.bonzo.finance/points to view your Bonzo Pre-Season Points & leaderboard ranking!
Check out this step-by-step tutorial video to learn how to import your Karate Combat account into HashPack in under 2 minutes.
Points Airdrop to $STEAM holders: Scheduled for today โ Monday, September 30th.
For a deeper dive into how Bonzo Points work, check out Bonzo Points & Pre-Season Airdrop: A New Way to Earn & Compete in Hedera DeFi.
Bonzo Points Airdrop Schedule
To check your points, ranking, and the leaderboard, please visit: app.bonzo.finance/points
Road to Mainnet Launch | Supra Oracles
Supra Oracles
We're pleased to report that as of September 8th, Supra is technically ready to go live. However, they have been awaiting a grant from the HBAR Foundation, which was expected to be finalized around September 9th. Supra's ability to launch their services is contingent upon this grant, and we appreciate your patience as we navigate this process.
Previously, on August 15th, Supra paused support for their push price feeds on Hedera. Since then, they've made significant progress, and we're optimistic about integrating their services once the grant situation is resolved.
HBAR Foundation Grant
We are excited to share that the "technical review" with the HBAR Foundation concluded on September 20th. On September 10th, they informed us of a strategic shift in their grant approach. Instead of solely providing liquidity incentives, they plan to collaborate directly with market makers to seed initial liquidity. This approach reduces risk and could accelerate our launch once finalized.
Grant funds in-hand is not necessary for mainnet launch of Bonzo Finance but the Bonzo Finance Labs team does need written confirmation that the grant is approved before moving forward. As of now, we are still awaiting this confirmation. The exact timeline and grant amounts are being determined, and we'll keep you updated as we learn more.
We understand that these delays are frustratingโwe feel the same way. Many of these challenges are beyond our control, but please rest assured that we're working tirelessly behind the scenes to overcome them. Our primary goal is to ensure the best possible launch of the Bonzo Finance platform, creating a robust and reliable ecosystem for all our users.
Introducing Liquidity Legends
Bonzo Finance is proud to announce the Liquidity Legends interview series, where we chat with leaders from projects across the Hedera network about their role in growing the DeFi ecosystem.
First Episode: An exclusive interview with Karate Combat Co-Founder, @onlylarping.
Stay tuned for more interviews with other trailblazing leaders in the Hedera community!
UDPN Integrates Hedera Stablecoins and CBDCs
Big happenings in the world of digital payments on Hedera โ The HBAR Foundation, alongside Red Date Technology, has integrated Hedera stablecoins and Central Bank Digital Currencies (CBDCs) into the Universal Digital Payments Network (UDPN). This means faster, more efficient payments โ 24/7.
What does this mean for Hedera?
This integration tackles scalability issues that Layer 1 blockchains typically face, making Hedera a leader in solving real-world digital currency challenges.
With more than 135 countries exploring CBDCs, this is just the beginning of Hederaโs involvement in global digital payment systems.
Curious to learn more about this development? Check out the blog post by HBAR Foundation.
Introducing Hashpoint: A New Analytics Dashboard for Hedera
Hashpoint by Hgraph.io is here to support making smarter, data-driven decisions for the Hedera network itself and its retail and institutional users. This analytics dashboard transforms raw ledger data into valuable insights.
Key features include:
Real-time network stats that matter most to Hedera enthusiasts and $HBAR holders.
A Proprietary Valuation Model to test different valuation scenarios.
Staking Rewards Cost Basis Calculator to simplify tax preparation.
The Enlightened Hbarbarian blog for insightful reads on the Hedera market.
DeFi's Resurgence: Trends Shaping 2024 ๐
Industry experts predict a significant resurgence in DeFi growth, with emerging trends set to reshape the space. As detailed in this Cointelegraph article:
Tokenization of Real-World Assets (RWAs): Expected to drive much of DeFiโs growth, providing new opportunities for liquidity and asset management.
Rise of Yield-Bearing Stablecoins: Stablecoins backed by real-world assets or staked Ether are anticipated to attract more conservative investors and increase liquidity.
Increased Regulation: 2024 may bring stronger regulatory scrutiny, particularly toward "Hybrid Finance" (HyFi), while true DeFi could remain outside traditional regulatory frameworks.
Layer 2 and Cross-Chain Innovations: Advancements in Layer 2 solutions and cross-chain communication are set to reduce liquidity fragmentation and enhance scalability.
$409 Million Lost to Crypto Hacks in Q3 2024 ๐
In the third quarter of 2024, the crypto industry faced significant challenges as over $409 million was stolen from both centralized and decentralized platforms, according to a recent Immunefi report. This surge in hacks highlights the growing vulnerabilities targeting DeFi protocols and centralized exchanges alike.
High-profile incidents like the Penipe Protocol and Indodex hacks emphasize the importance of transparency and communication in maintaining trust during such events. At Bonzo Finance, we're committed to proactive security measures to prevent breaches and protect our community in this evolving landscape.