# Powersats Dashboard & Sniper Bot **ELI5 TLDR** There is a first mover advantage now to build tools for the a new ecosystem running on BTC chain, since its launch in December 2023 there has been over 400,000 transactions and over 30,000 unique wallet addresses interacting with the system, rivalving the 6 Billion dollar competitor established in 2023. The opportunity here is to develop the following two core products: **A dashboard where users can:** - Interact with all their tokens in a seamless manner - Check price indexes and historic data on tokens - Access all buy/sell data from existing and upcoming marketplaces (saving time) How to buy: **Sniper Bot** A Telegram sniper bot to sniff Hot token mints and market listings to buy them before anyone else does. *Currently there are bots doing this but they are not accessible to the open public*. **Token Sale** * Ticker - **$POWR** (Powesats Dashboard) * Token supply will be 100,000,000 $POWR * Fair launch price per: * $POWR = 15 Sats/POWR * Price per $POWR ($0.006 USD) as at Jan 5th 2024 * Market Cap on Sale - 15 BTC **Utility** * Tokens will be used for protocol and fee revenue share via Xmail followed * Staking incentives will also be offered * Token holders will be given preference airdrops via Xmail on upcoming affiliate projects. **Token Allocations** * Fair Market Sale 75,000,000 * Advisory Partnership with Motoswap 4,000,000 * Team 6,000,000 * Incentives 15,000,000 Total - **100,000,000 $POWR** **WHERE TO BUY:** https://ordinalnovus.com/cbrc-20/powr
Last changed by  
 
ţħΞ ѕρΔภⓘ卂ŕĎ.eth
37

Read more

Untitled

** I recently read the Kaiko research piece about Egorov, the founder of Curve, and his borrowing strategy. If you're not familiar with it, I highly encourage you to take a look. Currently, Egorov is borrowing approximately $66M from Aave, $20M from Abracadabra, $13M from Frax, and $7M from Inverse Finance. In my opinion, the protocol severely underestimates the risk posed by these two cauldrons. Last week, an Aave governance proposal was created to limit CRV contagion, but fortunately, the proposal failed to pass. While the position is still overcollateralized, we need to formulate a response to reduce protocol risk and encourage Egorov to repay his positions. Before we dive in, I think it’s important to acknowledge that the 18% APY on the CRV cauldrons meaningfully contributes to the protocol's profitability. However, the DAO faces asymmetric downside risk (similar to what we saw with UST), which could have catastrophic consequences in the event of cascading liquidations on CRV. Egorov’s Aave borrow position can be seen below:

6/27/2023
Costco Hot Dogs

Current Progress

5/1/2023
Abra's Tokenomics Revamp

In this document I'd like to share my views on some ideas which could help Abracadabra improve its current tokenomic structure with the intent to look into a more perpetual model where emissions can be recycled back to the protocol for future re-emissions (perpetual use) Current structure SPELL - native ERC-20 token designed for farming emissions on abracadabra, apart from this the token in its native form does not serve any additional purpose apart from it being used as collateral on some deprecated lending protocols. mSPELL - Staked Spell into a contract which distrubutes out a portion of borrowing fees accrued over a period of time proportial the the share of tokens held in the contract sSPELL - Staked Spell into a contract which distrubutes SPELL proportionally among the holders in the contract, SPELL is bought on the market with funds from borrowing fees accrued over a period of time. sSPELL and mSPELL payouts stem from all the combined cauldrons borrowing fees.

4/25/2023
Read more from ţħΞ ѕρΔภⓘ卂ŕĎ.eth
Published on HackMD