The TGCm Weekly RunUp

May 24, 2023

Alan Buxbaum & Jami
May 24, 2023

Happy Hump Day everyone! This week has seen Cardano’s TVL soar, a fair bit of participation in the SPO vote and a new Catalyst Fund date was announced!

Let’s jump right in 👇

📊 Cardano Ecosystem Stats

🚀 Cardano Headlines

SPO Vote Closes Tomorrow

It’s been exciting to watch the first mainnet Cardano SPO vote! 🎉

No matter what your disposition towards the overall reward scheme is, it’s great to see all of the participation. At the time of writing, 676 pools with over ₳9.6B worth of stake have registered their votes.

We’ll find out tomorrow what the final results are; in the meantime, you can keep up-to-date on them here.

In Other News

💸 Blockchain Headlines

📢 Cardano Community Corner

When discussing Cardano parameters, most of us are familiar with k and minpool fee by now
but have you heard of
"a0" ?
This parameter governs how an SPO's locked pledge (their personal commitment) affects the reward rate they and their delegators earn.
Let's dig in! 🧵
— Tobias Ilskov 🛡️ (@TobiasIlskov)
10:00 PM • May 24, 2023

Yesterday was a record breaking day for both Minswap DEX and Cardano ! 🤠
✅ Minswap had ATH Daily Volume at 30.30mn $ADA/12.54mn $USD
✅ Cardano became the top 9th chain in terms of DEX Volume
✅ Minswap had 87.24% of Volume among all Cardano DEXs
✅ Minswap in the top 17th… twitter.com/i/web/status/1…
— Minswap Labs (@MinswapDEX)
12:33 PM • May 23, 2023

📣 We will be airdropping 10 White NFTs everyday in the lead up to farms launching!
Users who have provided liquidity will be eligible
5 users in VYFI & xVYFI pairs
5 users in all other pairs
The day before launch
3 Purples to three random users in the $ADA/$VYFI pair 🥳 httptwitter.com/i/web/status/1…p
— VyFinance | Cardano DeFi (@VyFiOfficial)
3:54 PM • May 22, 2023

The Cardano Stake Re-delegation phase starts tomorrow.
Some large SPOs with the most stake and largest reach will be measured in their comms, if any, about re-delegation.
This conflict of interest SPOs have is the gap Voltaire's DReps system will hopefully address. #Cardano
— St₳kΣ with Pride 🌈 (@StakeWithPride)
7:15 PM • May 24, 2023

What is your favorite project building on Cardano right now? 👇👇
— Lucas Macchiavelli (@LucasMacchia2)
2:01 PM • May 24, 2023

📢 Cardano Events

Naru Naru will be at MCM Comic Con!
Date: 26th - 28th May
Location: ExCeL London
See you there! 💙
— Yummi Universe (@YummiUniverse)
10:36 PM • May 24, 2023

Hey #CardanoCommunity,
I'm very pleased to be organizing a CIP-1694 Cardano Governance Workshop in Chicago on Saturday, June 10, with @IRI_Blockchain!
We meet at the Hilton Garden Inn - O'Hare Airport. Please RSVP and help spread the word!
— Adam Rusch (@AdamRusch)
10:20 AM • May 17, 2023

🖌 NFT of the Week

Don’t feel like voting in the current SPO poll? Neither does this swole fella…

THE AB STAIN

See it on Pool.pm

💬 Get in Touch

That's all for now!

Feels a bit brief? Don’t worry, we’re right there with ya!

We’re starting off slow, as our first priority is longevity. We’ll be building out our platform over time.

As they say, slow and steady wins the race!

If you have any feedback or questions, please reach out to us by email or by sending us a DM on Twitter.

Thanks for reading!

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