Welcome to Issue #60 of Wealth Mastery

In this issue:
I share some important tips on yield farming.

The team from Cosmos joins us to discuss their new releases and what makes this a
blockchain to have on your radar.

Jesse has a report on Illuvium which is a play-to-earn game. You know how hot
gaming has been the last few months, this is definitely one worth taking a look at!

Rekt Capital has a killer report on top altcoin trades to be keeping an eye on right
now.

Hashoshi has a report for you breaking down the two biggest layer-two scaling
solutions for Ethereum.

Defi Dad has a tutorial on how to earn some insane yields including on Bitcoin on a
new Solana based farm.

A quick reminder that all research and market analysis is provided for educational

and informational purposes, and should not be considered as financial advice. You
are ultimately responsible for your investments and trades, and they should only
ever be entered by those who understand the risks, are willing to lose their entire
investment, and properly understand how to manage their risk.
Also, every issue will contain more information, tips, hints, and analysis than you can
make use of. Wealth Mastery is a tool, you are the craftsman. We are not a signal or
pump group, we are a tool shop, you decide what information shared here has value
to you or not.
As always, feel free to reach out to me by responding to this email with your
comments or questions.
 The Big Recap

New all-time highs have been hit for so many coins this week! Cardano, Solana, Luna, and
more! Majors Bitcoin and Ethereum obviously still lagging behind, but this just proves there
is always money to be made in the market if you look with the right eyes.

Just remember: there are more options to make money than are reasonable to chase. You
can just do NFTs and slay it, you can just do yield farming and slay it, you can just trade and
slay it, you can just find low cap gems and slay it! Work to your strengths!

NFT mania is continuing with Visa announcing they bought a Crypto Punk. Valuations
continue to rise across the board for NFTs. Open Sea has crashed a few times this week
under the strain of so many users piling in! Key sets continue to rise in value as collectors are
waking up to the digital art and collectible world. Art Blocks Curated valuations have double
or tripled since we talked about them two weeks ago. Art Blocks Factory and Art Blocks
Playground are starting to get a lot of attention to. We are really starting to see the insanity
of NFTs heating up with literal pictures of rocks selling for over a million dollars. The rock
pictured below sold for 1.3 million.
WTF?????
The crazy price speculation and seemingly bottomless pockets of collectors is
astonishing. Are NFTs in a bubble? Sure, but that doesn’t mean it will pop soon.
Certain collections will continue to push higher and higher. As always, though, with
NFTs expect that many collections will be worth nothing in a year or two, so only
buy those NFTs that you will be happy to hold on to because you like them!
Yield Farming Tips

Yield farming has been an incredibly profitable avenue for generating wealth for
crypto investors. For those who are unfamiliar, yield farming is when you provide
liquidity into a platform in order to get yield, often paid in the form of the platforms
token. Some examples: 1 - If you provide liquidity into Aave, you get a portion of
what the borrowers are paying, plus Aave also gives you a small percentage of their
own token. 2 - You can underwrite insurance contracts on Bridge Mutual and receive
BMI tokens as a reward. 3 - You can stake TOKE/ETH in Uniswap and get a high APY
by putting your liquidity provider token in Tokemak’s platform. There are many
examples, but this gives you a quick idea of some common forms. This is not coin
staking, like with Cardano. For yield farming you often need ETH or USDC to make
the returns. Defi Dad has made many, many excellent tutorials on yield farming in
this and previous issues, so have a browse through some recent editions if you are
looking for some opportunities.

● First and foremost, if you have not tried it, then get off your butt and check it
out! You are missing out on some serious money! If you are afraid, then start
small. Use Solana’s Mercurial Finance to earn MERC and wLUNA rewards
with your USDC. Fees are super low, unlike Ethereum, so you can experiment
with $20. Or use Something on Polygon. Defi Dad has had some great
tutorials on how to use Polygon based defi in previous issues.
● Play on other chains! Ethereum fees can make you feel sick sometimes in
defi. It cost me a few thousand dollars to exit my Bancor positions. But this is
really just Ethereum. Defi on Solana, BSC, Polygon, Terra, and Avalanche are
dirt cheap! And the yields are really high.
● While you can constantly sell your tokens, you may also want to consider
holding on to some of the stronger ones for a long time. For example,
Uniswap farmers who farmed and dumped missed out on the rise of UNI to
$20.
● Understand that higher yields often carry much higher risk. Rug pulling is
very common in mega high yield farms. Personally, I stay away from the
highest risk farms. I am happy making good yield on what I see to be safer
farms from more established players of new players, which appear to have a
higher degree of legitimacy.
● Use insurance when and where possible. Yes, this cuts into your total profits,
but smart contract hacks and other forms of sophisticated code exploits
happen all the time. I would not sleep well without insurance.
● Yields are often highest in the first days of a farm. So, keep up to date with
new farms. There are constantly opportunities popping up. Also, do not get
wedded to a farm. When the rates drop then it is time to move your money
somewhere else. Loyalty in yield farming is to yield, not to farms.
● Impermanent loss is your enemy, always be aware of this little trouble
maker. I often avoid two sided pools for this very reason. Simply put
impermanent loss is when you end up with less of one of the coins you were
providing liquidity with. Example: You put 1 Ethereum and 1 Ethereum worth
of Altcoin A into a Uniswap pool. 2 Months later you want to take your
liquidity out but due to big moves in Altcoin A you only have 0.2 ETH now!
Ouch! Welcome to impermanent loss. In theory this is supposed to even out
over time, but that does little to help you when you need to with draw. You
really need to know that the added incentives will outweigh the potential
loss.
● Be careful about what permissions you give your websites. I never allow for
infinite spend to be enabled, even on more trusted platforms. Because this
can allow hackers a future entry into your wallet.
● Watch out for fees and hidden details. Deposit fees, withdrawal fees,
performance fees, and early withdrawal fees can all dramatically affect the
actual APY versus the advertised APY. Also, be aware that some farms lock
your tokens up or a good portion of them for like 6 to 12 months, by which
time those coins could be worth nothing. This is often not made clear.
● Always remember proper risk management. Never go all in on any given
farm, the risk is just too damn high! Lots of “audited” farms have been
hacked or rug pulled. Stay frosty out there!
My Portfolio

UPDATES:
I sold some presale allocation releases that I got. I took the profits from that and put
it into mostly into UST and into Anchor, a tiny bit went into rUSD in Ramp’s platform
too, and I added some USDT to Bridge Mutual.

I also put more money into Tokemak since they opened up their pools for ETH and
USDC. Rewards are pretty high still.

I exited my Olympus experiment.

I sold about 10% of my BNB position for cash. With the recent pump it felt like a
good time to derisk it a little. I added to my EGLD bag, they have a lot of big things
coming up I wanted to get a little more exposure.

Buy orders in for $20 Luna, $20 Dot.

Bitcoin 31.1% (Long Term Investment) I currently have about half in cold storage,
although I may move more out soon. Currently about 15% is in Celsius, the rest of it
is looking for a home. Haven’t had the time to put my WBTC to use.

Ethereum 24.4% (Long Term Investment) The majority of my Ethereum is in Yearn

Finance’s stETH pool, and about 15% in Celsius. I have a good chunk now looking for
a new home too that came out of Bancor.

USDC 12.5% (Stable Yield Tool and Dip Buying Chips) My USDC is mostly being lent
out in Celsius, Anchor (in UST stablecoins), and Bridge Mutual. Although Bridge is
not “lending”, but providing liquidity for insurance pools. I put a very small amount
into rUSD on Ramp too.

Matic (Polygon) 6.1% (Will Sell Half at $5, and Exit Completely at $10) I am now
lending in Celsius

Ramp 4.9% (Aiming for a billion-dollar market cap, at which point I will likely exit
my entire position) My coins are staking in their platform.

Elrond 3.7% (Target is $1,000 per coin) I am staking in the Maiar wallet.

Binance 2.6% (Just riding this, but $1,000 per coin seems like a good zone to derisk
and sell out a good chunk) I am staking my BNB via the exchange.
Polka Dot 2.5% (Will get my capital out at $100) I am staking on both Kraken and
Binance.
*** I need to buy some more!

Ethernity 2% ($100 is my target, but if the market turns, I am not wedded to this
bag)

Luna 1.4% (I think due to the mechanics this coin can be worth a few hundred, but
will get my capital out at $100)

Bridge Mutual 1.4 % (I would love to see this get back to all-time highs which were
$5.50) I am staking and holding. Very bullish on insurance in general.
*** actually, added to this position since I am getting farming rewards. Making
CRAZY money on this one right now.

Wilder World 1.2% (Basically an all or nothing bet, will sell at a billion market cap)

Tokemak 0.9% (Hoping for a 10X on this one, but that depends on a lot of factors
to go right) This experiment is getting pretty big lol.

Kylin 0.8% (90% under the ATH, ouch, Chainlink has really dominated the oracle
space, that being said this is a Polka Dot specific oracle with a Web3 grant. I will
probably exit at $1 if it gets back there)

Injective 0.7% (Potential multi-billion cap coin, will watch the progress and look to
sell at new highs)

Terra Virtua 0.7% (Will probably do a full exit at $1)

Bancor 0.5% (Will sell when I can) I am farming and staking their coins and will
continue to, until V3 probably since my farming rewards are basically stuck due to
high ETH gas fees.

Covalent 0.5% (Will cut half my position at a billion market cap, around $10 per
coin)

ShopX 0.4% (95% under ATH, ouch, I think I will exit this at $1)

Efinity 0.4% (Big NFT play by Enjin for the Polka Dot Ecosystem, holding for now
and watching progress)

Linear Finance 0.4% (Aiming for 20 cents)

Polka Dex 0.4% (On a wait and see with this one, if they can perform then it has
big potential)
Mercurial Finance 0.1% (One of my few Solana ecosystem plays, big potential if
Solana takes off, $5 would be a nice area to shave this)

Note: I am not including any coins like Occam, APY Finance, and Konomi that fall
below the 0.1% threshold, but which I do hold tiny amounts of. Also, please note
that this does not include coming releases for token sales, which I have participated
in such as Sifchain, Alice, Efinity, Persistance and others. I have also not included
future releases in my totals, for example Injective, of which I am currently holding
my tokens, but will receive more in the future. The percentages will fluctuate from
week to week, based on the dollar value of the coins. But I have highlighted any
updates to positions in italics. Also please note that the sale targets on coins are a
general guide only, and things will change in the wild, but it gives you an idea of
what I am thinking of in regards to these assets and taking profits. Please note that
for almost all of these altcoins I have already removed my initial capital and in many
cases significant profits.
In Case You Missed It

Visa bought a Crypto Punk. Crazy! Source

________________
Injective has launched the Injective Hub for defi. Source
________________
Circle the owner of USDC has promised that the stablecoin will soon only be backed
with USD cash and US treasuries. Source
________________
Elrond will be launching a launch pad in collab with Chain Guardians allowing for
both token sales and initial NFT offerings. Source
________________
Microstrategy bought more Bitcoin. Source
________________
A report by Deloitte shows that a mjority of execs think crypto could replace fiat in
as little as 5 years. Source
________________
The US House of Representatives will be considering the unamended infrastructure
bill on September 27th. Source
________________
Ethernity Chain is working with Latin Pop Star Muluma. Source
________________
Polygon is launching a DAO. Source
________________
Wilder will be releasing Wilder Wheels a generative NFT. Source
________________
Pancake is launching an NFT market place. Source
________________
Dynamite and Terra Virtua are teaming up. Source
________________
Budweiser bought the domain beer.eth! Source
________________
Facebook is looking to do NFTs. Source
________________
Solana has integrated Chainlink oracles. Source
________________
A recent upgrade to Ethereum’s Optimism has eliminated withdrawal times. Source
________________
Formation is doing its soft launch for staking. Source
Airdrops

New Airdrops
The fourth round of BSC Learn & Earn has officially kicked off this week. In this
round, users will have a chance to learn more about four popular projects and win
over $6,000 in Wault.finance Launchpad quota, and Special Rare NFTs as prizes. This
campaign starts on Aug 25th and ends on Aug 29th. You will have 4 days to
complete the various quizzes and submit your answers. Binance will verify each
submission to ensure that all criteria is met. Main campaign rewards are distributed
based on the highest score achieved in the final quiz. If there are more than 150
participants with a full score on the quiz, the rewards will be distributed to 150
random highest scoring winners. So make sure to study this round’s projects to
ensure a high score.

SuperRare is airdropping their new governance token “RARE” to early artists and
collectors of the platform. The snapshot was taken on July 21st, 2021, and eligible
participants can now Claim their share from a total pool of 150,000,000 RARE.
A new Derivatives trading platform based around Binance Smart Contracts
called Kalata is partnering with Math Wallet to promote its new exchange.
The Airdrop is taking place now and includes $1,000 in KALA tokens and 100 MATH
tokens for 100 lucky winners.

Blockasset is an upcoming athlete NFT platform and marketplace built on Solana.

Blockasset aims to bridge the gap between athletes and their fans with
athlete-verified exclusive NFTs and fan experiences. The project will be giving an
exclusive NFT to everyone who heads over to the website and submits their email
address in the “Register Interest” field before the official launch. 

Next-Gen Data Privacy and Protection Platform HOPR Protocol wants to provide

network-level and metadata privacy for every type of data exchange, while
introducing the first-ever open incentivized mixnet, where users earn tokens for
running nodes. Announced this week is the HOPR Treasure Hunt Rules that includes
a 250,000 HOPR Prize Fund and 100% APR Boost limited edition NFT. Between
September 1st and the end of the year, 32 puzzles will be released, at least one a
week. The first person to solve each puzzle will receive a Gold Puzzler NFT worth a
5% APR boost. The next ten correct entries will receive a Bronze Puzzler NFT worth a
2% APR boost.

Happening in collaboration with Coin Market Cap;

HaloDAO is a decentralised application platform designed to provide stablecoins
optimised swaps between each other and against other crypto assets via an
automated market maker. Between now and August 30th they’ll
be Airdropping 140,000 RNBW tokens to 4,000 lucky participants.
Permission Coin is launching with the primary use case being to power a global
digital ad system built on permissioned data and opt-in engagement. The project
aims to offer an antidote to some of the most significant problems of Web 2.0
including surveillance capitalism, data exploitation and interruptive marketing. By
enabling users to securely grant permission and monetize their data across the web
in hopes of providing an enterprise solution for marketers seeking better return on
their ad spend. Between now and August 28th the project will
be Airdropping 1,250,000 ASK tokens to 1,000 winners.  
 
Ongoing Airdrops
Vero Farm is a game built for everyone who uses blockchain technology to connect
millions of people around the world. Anyone can easily own a farm with many
collections of seeds, pets, land and in-game items similar to Farmville. To celebrate
the launch of the project they are giving away 3 Million VER tokens to
all Airdrop entries who complete their tasks by September 15th, 2021. 
To celebrate the listing of ZOE, BitMart is giving away 320k ZOE in Social
Media Airdrops, Buy & Earn, and Trading Competition Events. The social
drop includes 40k tokens for a few simple follow and retweet tasks. The drop begins
today and will end on September 1st, 2021.

Bank of Memories is a project that creates digital copy, accumulation, and

transferrable data for inheritance. Allowing users to create messages into the future
and ability to send any digital information to future generations at any designated
time slot. This digital time capsule is Airdropping all new users 30 GBM to use their
new BOM App and start creating memories to share with future generations. 

In order to reward token holders and promote the NewsCrypto mobile wallet which

provides a comprehensive set of tools for all users, regardless of their current level
of knowledge. Offering everything from automatic charting tools that help
beginners understand the basics of technical analysis to advanced proprietary
indicators for expert traders has decided to give back to the community with
an Airdrop of 200,000 NWC. You’ll need to hold your NWC tokens on the
NewsCrypto mobile wallet between August 24th and 31st to claim the drop.

Erik Vorhees has officially fired first at the ever-failing SEC and their attempted
regulatory control. In a calculated move this week, Shapeshift has announced the
closure of its officially registered business and intentions to give complete control of
monetary benefits over to the community that has supported it since 2014. This
marks the biggest community Airdrop since Uniswap and a major move to
decentralize popular crypto products that have been strangled by regulatory control
since their inception. If you’ve ever used Shapeshift you have a right to claim FOX
tokens. This includes anyone who’s owned a KeepKey wallet since Shapeshifts
integration as well as older Exodus Wallet users who’ve used SHapeshifts services
prior to their removal. Simply connect your wallet or enter your ETH address and
pay for the gas fees. Prior Exodus Wallet users will need to recover their Ethereum
wallets to Metamask in order to claim their FOX tokens as Exodus does not support
the token. This can be done by opening your ETH wallet on Exodus and clicking on
the three dots (stoplight) in the top right corner and choosing to view your private
key. This should be done only over a safe connection and typed manually into
Metamask (do not copy/paste for security purposes). For any remaining questions
about the drop, FOX Tokens, FOX Mining, and Rainfall Rewards head over HERE.

Letting indie games fundraise by selling digital game items as liquid

NFTs. Gamestarter adds liquidity, player-ownership, and new funding resources to
the largest entertainment industry in the world. The recently
announced Airdrop includes several ways for users to earn GAME tokens from
several early bird community giveaway pools. Complete the tasks announced in
the Airdrop and fill out the Contest Form with BEP address to be entered in the
giveaway.    

CRD Network runs on Hyperledger Besu to merge Decentralized Finance with

everyday banking by creating a legally compliant environment that lessens the
points of friction between you and your money. CRD is conducting a
large-scale Airdrop that matches users token for token until September 20th 2021.
For any amount of CRD bought until the 20th of July will be matched 100%, 20th of
July until 20th of August matched 50%, and CRD purchased from 20th of August up
to the 10th of September receives 25%. A total of $500,000 in CRD will be
airdropped to users who hold their tokens until September 20th, 2021.

The first Polkadot parachain community designed to create smarter Polkadot

Parachain investors PolkaSyndicate. Has an Airdrop Bot to give away a total of
$50,000 worth of PSYN tokens. This Airdrop will be ongoing until September 27th. 

To ensure that the community can use Binance Smart Chain dApps in a safe
environment, Binance is creating an attractive joint bounty program for bounty
hunters, white hats, and ethical hackers. This joint bounty program aims to
continuously improve software security and lifecycle management, provide risk
controls, and attract more proactive penetration testing to identify issues early.
Binance aims to create a $10 million USD bounty pool that will reward all bounty
hunters for disclosing verifiable attack vectors or security flaws across up to 100
dApps. The PriorityONE rewards will be fairly distributed on an individual basis
based on the severity and exploitability of the discovered vulnerability. Starting this
month, BSC Accelerator Fund will establish a BNB bounty pool worth $3 million to
support the initial 30 dApps.

Happening in collaboration with Coin Market Cap;

SWAPP is a new protocol democratizing the data industry and putting the power
over consumer data in the hands of each individual consumer. Powering this newly
decentralized data industry is a blockchain-driven infrastructure open to users
ranging in size from individual consumers up to institutional players. Beginning now
until September 1st, 2021 the project will be Airdropping 1 Million SWAPP tokens to
2,000 participants. 
 Top 15 Trending Coins This Week

Here are my key takeaways from the trends this week.

1 - Tribe is the goverance token for the Fei protocol which is an algo based stablecoin project
with backing from Coinbase and A16Z. Pumping on Coinbase listing news. Shortly after
which Binance announced listing it.
2 - ADAX is a decentralized exchange built for the Cardano ecosystem. General Cardano hype
is lifting this up.
3 - Binamon is a Binance Smart Chain monster NFT play to earn game. So many of these…
4 - Wax is one of the OG NFT protocols. It just got listed on Binance.
5 - Binance’s BNB token is trending again, considering the hype around the Binance Smart
Chain, it is no surprise.
6 - Smooth Love Potion is an element of the Axie Infinity gaming ecosystem. The potion
allows you to breed new pets. The raging success of Axie blows my mind, and I love it!
7 - Unibright is an enterprise blockchain solution, their Coca Cola partnership is trending
again.
8 - Benqi is a liquidity market protocol built on Avalanche. General Avalanche hype plus a
liquidity mining program helped boost the launch of this token this week.
9 - Exeedme is an e-sports coin that has just integrated with popular game Call of Duty for
play to earn rewards. Crypto is starting to infect the mainstream games. It is still riding high
from last week, but dropped from 1st to 9th place.
10 - Crypto Blades is a fantasy RPG style crypto game which has topped the trends for weeks
in a row! That being said the token price did completely collapse. Falling in ranking again this
week. We may be looking at a cool down on crypto game mania.
11 - Avalanche is another smart contract platform. It was a “late mover” compared to the big
pumps from Solana and Terra which happened last week.
12 - Cardano is trending in anticipation of the coming smart contracts which will launch on
September 12th. New all-time highs!
13 - Ergo is a Cardano defi protocol. One of the oldest ones too. With the rise of Cardano it is
no surprise to see a few ecosystem plays pumping.
14 - My Defi Pet is a Binance Smart Chain based NFT game, this one just keeps on trending,
but it has been steadily falling in the rankings the last few weeks.
15 - Axie is a beast, but this is the lowest it has been in the trending coins in a few months. Is
Axie mania about to blow over?

Token Launches

***Please note these are high risk high reward plays. Token launches are often
plagued by all sorts of drama, and often insane hype. Buyer beware!!!
These are the upcoming launches that I believe could bring in big returns for
investors. It is a curated, and far from exhaustive list.
The token sales of today will be the big thing of tomorrow. So, it’s definitely worth
trying to get into them if you can.

HERE ARE SOME PRACTICAL TIPS TO HELP YOU GET INTO SALES
1 - Every sale is different, there are no set rules. Part of doing your research is
finding out the exact details of the sale.
2 - Always read the whitepaper and get all the info you can.
3 - Stay up to date, often sales are announced a few days beforehand.
4 - Be punctual! High demand means that sales will often finish in minutes. If you
are late, you miss out.
5 - Americans often are excluded, sorry guys! BUT you can be ready to buy in the
first few minutes of the Uniswap listing, so make sure to stay up to date! Be aware
that the first 5 to 10 minutes often see insane price pumps by bots. Usually, but not
always the sweet spot is around 30 minutes to an hour after listing.
6 - It is not necessary to chase every sale.

New This Week

Skyrim is a multichain robo advisor with compatability for major chains, NFT
integrations, and a range of financial products. Sales running from August 23rd up to
September 1st on different platforms. Details HERE

Yay Games is a decentralized gaming market place launching on both BSC and
Avalanche with token sales across 4 different platforms starting from the 23rd (so
yes, it already started), running until the 30th. Details

UPDATES
Epik Prime is listing on Huobi Prime in 2 days. This is a very interesting NFT coin
worth taking a look at. We tracked it previously, but it has taken a long time to reach
listing stage.

Manta is going to a Kusama parachain slot in September. Source

IX Swap has announced their token sale for September 8th on Ethpad, Poolz, and
Occam. Source

Hurricane Swap will be launching on Avalanche’s Avalaunch. Dates still to be

announced. Details

SigmaDex has a given a preview of what their post token sale farming will look like.
No sale date yet. Source

Chainflip has announced their investors including Coinbase. Source

Moon Beam has finally announced their sale which will happen on September 7th.
All details HERE

Star Atlas has confirmed that August 26th is the day of the sale. Details

The List of Upcoming Token Sales

Gold Fever is a play to earn game with a gold miner theme. Will be launching on Dao
Maker. No sale dates.
Krystal Finance is a “one stop shop for defi” backed by big VCs like Hashed, and
cryptodotcom. No sale dates.
Star Atlas is a Solana based space game launching their token in an IDO across the
FTX exchange, Raydium, and Apollo.
Enjin Starter is a launchpad for the Enjin ecosystem. Launchpads are getting
seriously saturated, but it could be something worth keeping an eye on, considering
the Enjin connection. No sale dates.
Parallel Finance is a Polka Dot based lending and staking protocol. It is a Web 3 grant
recipient and backed by Pantera and Polychain. The tokens will be distributed via
parachain auction. The waitlist is currently open for Kusama. Details
Ratio Finance is a liquid staking protocol coming to the Solana blockchain. It allows
you to take your liquidity positions and turn them into stablecoins which you can
then lend out for more yield. No sale dates.
Mangata is a decentralized exchange billing itself as the one-stop shop for trading
DOT based assets and will act as a bridge between Ethereum and Polka Dot. Backed
by Polychain. No sale dates.
IX Swap is billing itself as the Uniswap of security tokens. Offerings AMM services
and liquidity pools for security tokens and tokenized stocks. We have had a lot of
security token plays over the last few years, is the market finally ready… who
knows, but here is another entry to the space. No sale dates.
Unbound Finance is a crosschain layer for liquidity pools. Backed by Pantera,
Arrington, and a who’s who of defi industry leaders. No sale date.
Hurricane Swap is a multichain decentralized exchange based on Avalanche. I know
that the DEX game is massively saturated, but not on Avalanche, not yet anyway. No
sale dates.
Holoride is an immersive experience turning car rides into theme park like
experiences. Which is either genius or insane. They are building Elrond and Audi is
going all in on this. The official Audi account even tweeted about this. No sale info
yet.
Bware labs is a decentralized infrastructure provider working across major chains
connecting users with network validators on networks like Polygon and The Graph.
No sale dates yet.
Chainflip is a crosschain automated market maker focused on native asset swaps.
No sale dates yet.
Claystack is a new liquid staking protocol. The use case is huge similar to Ramp Defi.
No dates.
Hashflow is a new decentralized exchange similar to Uniswap but offering more
professional liquidity services which is backed by Galaxy, Arrington, Alameda, and
Morningstar. No sale dates yet.
Polka Switch is a defi crosschain liquidity protocol. Backed by Arrington. No sale date
yet.
Burnt is a Solana-based auction protocol. Very little info so far, and no sale dates. So,
stay tuned.
Xdefi is a chain agnostic cryptocurrency wallet, could be something of a Meta Mask
“killer”. No sale info yet.
SigmaDex is a perpetual liquidity protocol with crosschain capabilities. No sale dates
yet.
Manta is a layer 1 privacy-focused decentralized exchange building on Polka Dot.
Just finished a big fundraising round led by Polychain. No sale info yet.
Moon Beam is a Polka Dot play building an Ethereum compatible platform as well as
a bridge to Algorand. Just closed a seed round. No details on public sale.
Scaling Ethereum by Hashoshi

In the wake of EIP 1559 and the London Hard Fork, the Ethereum mainnet is
benefitting from far fewer instances of fee-bidding wars and gross overpayment of
transaction fees due to guessing about competing transactions in the mempool.
However, the high cost of gas to execute transactions, particularly for smart contract
activities, is still very much an issue for most Ethereum users. Even with the fringe
benefit of those high fees being burned out of Ether’s supply, it is clear that the only
cure for Ethereum’s high fees is better scalability through layer 2 solutions and the
eventual release of Ethereum 2.0. Together, Ethereum 2.0 and layer 2’s will
undoubtedly be the long-term solution, but Ethereum 2.0 will take time to launch.
That said, layer 2 solutions can deliver scalability now. While many of these
solutions exist, two of the most prominent layer 2 scaling solutions in the Ethereum
ecosystem are Arbitrum and Optimism, which are already drawing interest and
adoption from notable dApps who wish to benefit from the scale derived
from optimistic rollups.

But what are optimistic rollups anyway? Optimistic rollups are a mechanism by
which to achieve higher scalability for transactions on a blockchain network by
delegating transaction processing work to an ancillary network layer (layer 2)
separate from, but reliant on the security of the main blockchain (mainnet). The
name is derived from the action of effectively “rolling up” the execution of
transactions on the layer 2 network and publishing them to the main blockchain in
bundles that can be processed as one single transaction per bundle. The origin of
the term ‘optimistic’ is a bit more complex, as it refers to the mechanics of
identifying fraudulent transactions that are executed on the layer 2 and published to
the main blockchain. 

In the most distilled sense, an optimistic rollup is composed of a layer 2 network

which is optimized for the execution of transactions (i.e. smart contract executions)
at scale, while writing a cryptographic proof for the bundled transactions to the
main chain for consummation. In short, computation is moved to a layer 2 and the
layer 1 (main chain) is simply used to immutably store the resulting cryptographic
proofs. This is where the term ‘optimistic’ comes into play, because optimistic
rollups operate on the assumption that transactions are valid and do not need to be
deeply verified on the layer 2. This reduces the overhead required for processing
transactions, because the optimistic view of transactions’ validity lets one skip the
heavier validation process. Instead, if a transaction’s proof on the main chain is
found to be fraudulent or disputed by a user, a fraud proof is created to perform the
validation and computation to check if the transaction is valid or not. This process is
much like the idea of ‘innocent until proven guilty’ in the justice system, optimistic
rollups assume all transactions are valid until proven otherwise via a fraud proof! By
relying on the security guarantees of the main network, but delegating the
high-volume computational effort to a layer 2, transactions can be executed in
several orders of magnitude larger quantities. As previously mentioned, there are
several examples of this in the Ethereum ecosystem.

Arbitrum
At the end of May 2021, the Arbitrum layer 2 scaling network was launched on
mainnet and shortly thereafter, the monumental v3 version of the decentralized
exchange and swap protocol Uniswap was deployed on Arbitrum. Since then,
Arbitrum has proven its mettle as a scaling solution for dApps on the Ethereum
mainnet, allowing assets to be atomically migrated to and from the Arbitrum layer
using a deposit smart contract which handles the necessary fraud handling waiting
period for optimistic rollups. Furthermore, Arbitrum has also seen adoption from
popular tooling projects like Chainlink, which brings reliable data feeds to smart
contract-based projects that run in the Arbitrum network. 

Optimism
The Optimism layer 2 network is also now available in beta on mainnet, with a
certain set of projects being onboarded during this beta to use the solution. One of
those supported projects is the v3 version of Uniswap, as well as new native
projects like Lyra, a decentralized options trading platform on Optimism. Like
Arbitrum, Optimism is a powerful tool to perform low-cost transactions at scale,
whilst still relying on the main Ethereum network for its security. Optimism will be
working to deliver its final significant upgrades to mainnet in late 2021 or early
2022, which will likely represent a shift out of beta.
You may be wondering, both Arbitrum and Optimism sound the same, what’s the
difference? Well, at the base layer, both of these platforms utilize the same
underlying optimistic rollups for scalability, but take slightly different approaches to
some of the details like how the protocol deals with fraudulent transactions or how
economic incentives are used to discourage fraud, for example. Both solutions are
great options to explore for any Ethereum project looking for a better user
experience for their users at scale!
 Market Analysis by Rekt Capital

Swipe — SXP/BTC
Last week, we spoke about how SXP was ready to confirm a breakout from its
triangle:

In the end, SXP broke out from the triangle and managed to finally reach the red resistance
area for a +48% move:
With SXP realising its expected move, a new Altcoin joins the Watchlist:
PancakeSwap — CAKE/BTC

If CAKE is able to turn the blue level into support then it will have a chance at ascending
towards the red level above.
The last time CAKE revisited the blue level it failed to turn blue into support, producing a
Double Tweezer Top bearish reversal candlestick formation which preceded a rejection.
Weekly Close above blue would confirm that sellers are weak in this area.
Tezos — XTZ/BTC
In last week’s Altcoin Watchlist, XTZ was still consolidating inside its wedging structure,
reaching the apex of this pattern which was approximately confluent with the 2021 Higher
Low (black):

Here’s today’s chart:

XTZ has broken out into a +21% uptrend.
After consolidating inside that wedging structure for months, this is now a new trend.
What now?
XTZ likes to overextend beyond this red resistance area.
But it would be really significant if XTZ can actually maintain its price action above red
heading into September as such a turn of events could even open XTZ up to a revisit of the
blue highs over time.
Coti — COTI/BTC
We’ve been covering COTI extensively, over the past few weeks:
Here’s today’s chart for COTI:
COTI was able to rally +65% since the green area, falling straight into the red diagonal
resistance and rejecting there.
The positive here is that COTI dipped into the orange level for another support test but I’d
only expect further upside upon turning the red diagonal into support — in which case an
overextension would occur.
That said, COTI has indeed completed the expected move and therefore a new Altcoin joins
the Watchlist:
Kava.io — KAVA/BTC

Historic moment for KAVA, because it is in the process of turning this orange area into
support.
Successful retest here would open KAVA up to a revisit of the blue highs, via the blue path.
As long as KAVA is able to hold here for the coming days, perhaps even until the Weekly
Close, KAVA should be able to generate the necessary follow through to move higher.
SushiSwap — SUSHI/BTC

Last week, SUSHI enjoyed a rebound from the black Range Low but hasn’t been able to
experience the necessary follow through to progress via the black path.
SUSHI is once again testing the black level right now and it’s important that SUSHI is able to
reclaim black as support soon, with a Weekly Close above black being the confirmation
needed to solidify said reclaim.
It’s okay if SUSHI wicks below black but generally holding black as support is what is needed
for further upside from this point.
Alpha Finance Lab — (ALPHA/BTC)
The last Altcoin in today’s Watchlist is ALPHA, which was first mentioned in this past Friday’s
RC Altcoin Newsletter as a bonus Altcoin.
Since then, ALPHA has rallied +15% but that may very well be just the tip of the iceberg:

Because ALPHA has broken out from its Adam & Eve formation and is now in the
process of retesting the top of the formation as new support (i.e. blue box).
ALPHA needs to break the red area to complete the retest — and in doing so, it
could open itself up to a +47% move from red to orange.
A Weekly Close inside the red box would be a good first step towards confirming a
further move to the upside.
Thank you for reading.
P.S. If you enjoyed today’s Altcoin Watchlist, you’ll really like the Rekt Capital
newsletter, which is now a Top 5 Finance Newsletter on Substack! Cutting-edge
insights on the Crypto markets, straight to your inbox three times a week.
Cosmos AMA

This week the team from Cosmos joins us for an interview to discuss their
recently launched Inter Blockchain communication protocol. Cosmos has
long been at the forefront of blockchain innovation and many of today;s
biggest projects have been built using their framework.

For anyone not familiar, what is Cosmos? 

Cosmos is a rapidly expanding ecosystem of independent interconnected
blockchains, together, building the Internet of Blockchains. All Cosmos chains are
built using developer-friendly application components and connected with the IBC
(Inter-Blockchain Communication) protocol. 

There are currently more than 250 blockchain apps and services in the Cosmos
network, including Binance Chain, Terra, Crypto.org, and Cosmos Hub, with over
$100 billion of digital assets under management. 

We believe in interoperability and autonomy above all. When building with Cosmos
technology, projects can test, run, and launch their own sovereign blockchains. This
means that they are not subject to the governance rules of any layer one protocol,
as is the case with dapps built on top of a blockchain like Ethereum or a
semi-sovereign chain in an ecosystem like Polkadot. 

With Cosmos, projects can grow at their own pace, design their own economic
model with low transaction fees, allow communities to self-govern, and scale for
mainstream adoption. At the same time, they are connected to the wider ecosystem
with IBC by default. 

Before Cosmos, blockchains were siloed, unable to communicate with each other,
and difficult to build. They had limited transaction throughput, making them
susceptible to network congestion and high fees. Cosmos solves these challenging
problems, enabling blockchains to scale and connect with a Proof-of-Stake (PoS)
consensus mechanism that achieves high performance with low energy
consumption. 

This has massive implications for the future of decentralized finance (DeFi),
non-fungible tokens (NFTs), gaming, autonomous organizations, social networks,
marketplaces, and the sustainable growth of blockchain technology, the internet of
value, and the ownership economy in which everyone has a stake. 
Beyond interoperability within the Cosmos ecosystem, work is being carried out to
connect to other blockchain ecosystems like Ethereum, Bitcoin, Celo, Polkadot, and
others. We believe that the time of blockchain maximalism and ‘one chain to rule
them all’ is coming to an end. Through collaboration and interaction between
independent thriving ecosystems, we can grow the blockchain space beyond
limitation. Instead of one million blockchain apps competing for throughput on a
single base layer, why not one million blockchain apps interconnected across one
million sovereign blockchains? This is what’s possible with Cosmos. 

What role does the Atom token play in the Cosmos ecosystem?
At the core of the Internet of Blockchains is the Cosmos Hub, the economic center
of Cosmos, secured by its native ATOM token. The Cosmos Hub was the first
blockchain to launch on the Cosmos network—the first of what will be hundreds of
thousands of blockchains, working with one another and enriched by their
connections. 

The Cosmos Hub is designed to be a service provider to the chains that connect to
it—a vast decentralized marketplace that provides a wealth of value-added services,
such as a decentralized cross-chain exchange, Gravity DEX protocol, a user-facing
portal to all crypto apps, Emeris, bridges to Ethereum, Bitcoin, and other blockchain
ecosystems, shared security, and secure custodianship of digital assets. 
All these services create powerful incentives for other sovereign chains to connect
and transfer assets to the Cosmos Hub, driving its utility. Just like a port city is
valued by the amount of trade that flows through it, the Cosmos Hub’s value is
measured by the blockchain economies that conduct business on the Hub through
IBC. 

ATOM holders secure the Cosmos Hub by staking ATOM, and staking rewards are
distributed to them in return for securing the hub. Holders also get a percentage of
the transaction fees of exchanges that take place on the Hub and these will increase
with the growth of the Gravity DEX protocol and Interchain Staking (or shared
security) which will allow staked ATOM to secure other blockchains in the
ecosystem. We will be releasing more details about this really soon. 

What is the IBC? 

IBC stands for Inter-Blockchain communication and it’s the Cosmos standard
protocol for blockchain interoperability. IBC allows blockchains in the ecosystem to
connect so that they can transfer tokens and other data between each other
frictionlessly and seamlessly. This is huge, as blockchains no longer remain siloed
but they can communicate and share value and services, enriching each other as
they grow. 

Imagine every blockchain right now as a small tribe living on an island in a vast
archipelago. So what IBC enables is the discovery of shipbuilding, which allows these
tribes to travel between each other. So it’s really big, it’s huge for community
building… the moment a blockchain flips IBC on (and all new Cosmos chains built
with Starport have IBC enabled by default), people can start traveling back and forth
and participate in cross-island trade of various goods that each island is specialized
in creating. IBC opens up a world of possibilities for DeFi, NFTs, decentralized
autonomous organizations, identity, and a ton of other use cases that we haven’t
even thought about today. 
And, as I mentioned before, as each blockchain is fully sovereign and independent,
they can interoperate and transfer value, interchange assets and services without
running into the scaling issues inherent in some of the largest blockchains today.
What is the Gravity DEX and what is its role in the Cosmos ecosystem? 
We are really excited about the launch of both the Gravity DEX protocol and Emeris.
So let me explain why. The Gravity DEX protocol is a cross-chain decentralized
exchange that is deployed as a liquidity module on the Cosmos Hub. It allows for
permissionless cross-chain activity, including token swaps and transfers,
participation in liquidity pools, yield farming, and more. Using IBC, users can
transact cross-chain between any two blockchains in the Cosmos ecosystem and
beyond. 

Yet, Gravity DEX needs an interface for users, a powerful portal that allows people to
manage their assets cross-chain and see their token balances across multiple chains
as well as take part in cross-chain staking and governance. That is where Emeris
comes in. Emeris is blockchain agnostic and will seek to integrate with all the best
decentralized blockchain apps but the first protocol it has integrated is Gravity DEX. 
So, if you think of a car, Gravity DEX protocol would be the engine under the hood,
whereas Emeris is more like the steering wheel; the connector between the driver
and the cutting-edge technology that enables high-speed and advanced road
handling, etc. 

Work is underway, as I mentioned, to connect to major chains outside of our

network like Bitcoin and Ethereum. But even before these connections are
established, Cosmos is a burgeoning ecosystem home to major tokens like ATOM,
BNB, LUNA, CRO, RUNE, etc. and more than $100 billion of digital assets under
management. 

So, Gravity DEX is such a huge milestone for the community as it will provide the
Cosmos Hub with a lot more utility than only staking ATOM, it will enable developers
to easily build a blockchain and get immediate price discovery on their tokens by
listing them permissionless on the DEX. That’s really huge. It means that they don’t
have to go through the hurdles and expenses of listing on a centralized exchange but
will be easily accessible. 

Gravity DEX is also technically superior to other decentralized exchanges and uses a
different model from most DEXs like Uniswap, to reduce price inconsistencies, called
the Equivalent Swap Price Model (ESPM). This removes inefficient price discovery by
landing on exactly the latest swap price, ensuring that the price you see is the price
you get, which makes trading a fairer experience all around. 

It also removes the possibility of front-running and MEV (miner extractable value) as
it doesn’t process orders sequentially like Uniswap, but in batches. Right now,
traders can pay extra gas to have their orders processed first, which creates an
unfair advantage. This is not possible with the Gravity DEX protocol, which provides
a trading experience that’s more comfortable for most users, with upcoming order
book capability that allows them to easily follow the market and understand the
future price direction of tokens.

For the Cosmos ecosystem, Gravity DEX is huge, as it allows for all IBC tokens to be
listed and to be discovered for the first time. There are some really amazing projects
and innovation going on in the ecosystem but their tokens are really hard to get hold
of. Through the Gravity DEX combined with Emeris, they can reach a new user base
and, when the bridges to other ecosystems like Ethereum and Bitcoin are complete,
they will benefit from the greatly enhanced liquidity. 

Many other chains are built using the Cosmos SDK, how do they figure into your
ecosystem? 
We have around 250 blockchain apps and services built using Cosmos SDK. Some of
the largest blockchains in the space are built with Cosmos SDK including Binance
Chain, Terra, and THORchain. As they begin to switch on IBC, the whole ecosystem
benefits from the added liquidity, and growing user base. A rising tide lifts all boats.
That is how we see every development and enhancement that occurs in the Cosmos
ecosystem. 

Many Cosmos chains have already switched on the IBC protocol and are forming
part of the Emeris Beta, integrated with the Gravity DEX protocol to allow users to
realize cross-chain token transfers, swaps, and pools for the first time, these include
chains like Osmosis, IRISNet, Akash, and Crypto.com, among others. It will be very
exciting to see the community get more and more connected in the weeks and
months to come.
 
What is your plan to capture market share? 
We will continue to do what we have been doing from the start: delivering on our
promises and building amazing, game changing tech. There are a lot of promises out
there, a lot of roadmaps and white papers, but Cosmos has already completed the
initial vision of our white paper by delivering IBC and enabling blockchain
interoperability. 

Of course, IBC hasn’t been completed all that long and we are still in the early stages
of witnessing what can happen when blockchain ecosystems interconnect
seamlessly and frictionlessly. We are now beginning to focus greater efforts on
marketing and also encouraging developers from all fields to build a sovereign chain
with Cosmos rather than exist as a dapp on someone else’s chain, where you’re
really just a tenant in someone else’s building. 

We’re also putting a lot of focus in adding utility to the Cosmos Hub to increase its
value for the community and its attractiveness as a place to come to engage in DeFi
or other cross-chain apps with dramatically lower fees than on Ethereum and
existing Ethereum DEXs. Shared security, staking derivatives, bridges to Bitcoin and
Ethereum, all these upgrade will increase utility and liquidity and help to capture
market share. 
What comes next for Cosmos?
We’re always working on a ton of stuff at Cosmos. As I mentioned, we’re working on
bridges to connect to Ethereum, Bitcoin, and other ecosystems. This will be huge for
broadening the user base, allowing DeFi to grow sustainably, and adding liquidity to
Cosmos. Emeris is currently in Beta, so next up will be the public launch of Emeris
with a lot more functionality beyond a dashboard to include a mobile and browser
extension wallet. 

We are also working on the enterprise adoption front through a new agreement
with Bianjee, a core contributor to IrisNET and developing an awesome NFT
platform, which is really hot right now. 

For the Cosmos Hub, we also working on adding more services like Interchain
Staking (or shared security) that will, at a very high level, allow for a parent chain
(like the Cosmos Hub), to be in charge of producing blocks for a child chain. It does
this by sharing the set of validators who are in charge of producing blocks. The
participating validators would run two nodes, one for the Cosmos Hub and one for
the child chain, and receive fees and rewards on both chains which would then be
distributed among ATOM holders. 

You can keep up with all these upgrades and progressions on our blog. As an
ever-growing ecosystem, there is so much innovation from so many developers and
teams that I think we will start to see an explosion of innovation and blockchain
technology beginning to tackle some of our most pressing problems like climate
change and governance. Watch this space.
 Earn 51% on BTC with Saber by DefiDad

Before we get started, a reminder that this is not a recommendation or endorsement to buy
any tokens mentioned in this tutorial.

It seems history is poised to repeat itself as DeFi protocols are developing on other L1s,
outside of Ethereum. While I spend most of my time on Ethereum-based DeFi, I’ve been
exploring and farming now on Polygon, Terra, Avalanche, and Solana. Being one of the few
non-EVM-compatible L1s, Solana has a notably fast-growing ecosystem of DeFi applications,
boasting about $2.47B in TVL, the third most TVL among L1s, behind BSC at $19.36B and
$114B on Ethereum.

One of the earliest and most important DeFi protocols to launch on Ethereum was Curve, a
stablecoin and like-asset AMM, providing the deepest liquidity and least slippage for trading
stablecoins, tokenized BTC, and derivatives of ETH. In fact, Curve now ranks #1 in terms of
TVL on Ethereum-built DeFi at $11.6B.

This July, Saber launched as Solana’s first AMM, specifically optimized for trading pegged
assets like Curve. It is now the second largest TVL on Solana at $633M, just behind the
“Uniswap of Solana” called Raydium.
While Solana DeFi is still in its early stages of development, the same high risk, high rewards
liquidity mining programs are rapidly growing on Solana, much like during the DeFi Summer
on Ethereum in 2020.

How to Earn Up to 51% with Tokenized BTC on Saber AMM

In today’s opportunity, I’ll show how I can earn high yield as an LP on Saber, staking the LP to
earn additional SBR rewards on top of the trading fees accruing to my share of the liquidity
pool. I can earn yield using stablecoins, tokenized BTC, SOL, wrapped LUNA, and more but I’ll
speak to an example where I use tokenized BTC, sent via the Wormhole Bridge from
Ethereum to Solana.

Please also be aware of a few major risks. 

● Smart contract risk on Saber protocol.
● Oracle failure could contribute to a loss of funds.
● There’s centralized risk in using the Wormhole bridge by Solana.
● Pegged assets can de-peg.
● The quoted APYs/APRs could fluctuate depending on the amount of competing
liquidity to earn rewards and the trade volume in these liquidity pools.
● As always, this is not financial advice. You should not follow any of my writing as an
investment strategy.

1 - First, assuming I’ve never used DeFi on Solana before, I need to set up a Solana
compatible wallet. MetaMask and other EVM-only wallets will not work with Solana. So the
best wallet I’ve used, founded by former 0x engineers, is Phantom Wallet. It’s a browser
extension wallet that sits on Chrome just like MetaMask and allows me to connect a
hardware wallet like Ledger. I can follow instructions here for installing and setting up
Phantom.
2 - Next, I am going to need some SOL to pay transaction fees. The only way I know how to
get SOL into my wallet is to buy it on a centralized exchange like FTX or Coinbase and then
deposit/send it to my wallet address in Phantom.
3 - I will then check the potential yields I can earn on the Saber Farms page here to see
whether I want to earn with stablecoins or tokenized BTC or some other token.
4 - Let’s assume I identify the pBTC-renBTC LP earning about 48% APY thanks to trading fees
+ SBR rewards (issued by Saber for staking the LP). With that in mind, I’m ready to transfer
some tokenized BTC from Ethereum to my new Solana wallet such as renBTC, pBTC, or
WBTC. I use the Wormhole Bridge by Solana to accomplish this.
● I connect both my wallets (From = Ethereum and To = Solana)
● I specify how much WBTC, pBTC, or renBTC to send
● I click the green Transfer button and follow the prompts to send via MetaMask
5 - Once my liquidity arrives in my Solana wallet, I am ready to hop into the Saber app Pools
tab here and choose which LP to deposit into. Given the pBTC-renBTC LP earning about 48%
APY, I click the corresponding Deposit button here.
6 - After following the prompts to deposit 1 or 2 tokens into the LP, I am ready to hop to
the Saber Farms tab and stake the newly received LP token to start earning 48% APY.
7 - I find the LP I deposited into, click Stake, specify the max amount of LP tokens to deposit,
click Deposit, and follow the prompts to confirm it on Phantom wallet.
That’s it! Part of my yield (trading fees) is accruing to the underlying staked LP token
and the rest of my yield is claimable on the Saber app in SBR tokens. I can also track
my deposited assets with the dashboard tracker on Solana called Step Finance.
For more DeFi video tutorials and insights, follow me @DeFi_Dad on Twitter and
subscribe to DeFi Tutorials with DeFi Dad on YouTube at defidad.com. If you’re a
builder raising capital for the next killer DeFi app, my team and I would love to
partner with you at 4RC (Fourth Revolution Capital). Contact me via DMs on Twitter
or at contact@fourthrevolution.capital.
Disclaimer & Risks: This is not financial advice. You should approach all DeFi
applications, wallets, protocols, and tools with caution. Please be aware there is
always risk in using DeFi, especially technical risks (ie smart contracts bugs),
financial risks (ie liquidity crises), and potentially admin risk (admin key compromise,
governance vulnerabilities). 
Illuvium Report by Jesse

Avalanche wins this week’s crown for sick gains with a 150% increase in value
coming off the recently announced plans to integrate with Aave and Curve Finance.
With such a huge run in price, usually, a pullback is to be expected. But, recent runs
like the Axie Infinity snowball remind us all that anything is possible with these
markets. A road that this week’s reviewed upcoming AAA play-to-earn blockchain
game Illuvium is starting to turn down.

Introduction
Illuvium is a decentralized, NFT collection and auto battler game built on the
Ethereum network. Integrated with the hyper-scalable Immutable-X L2 solution,
players of Illuvium gain access to zero gas fees for minting or exchanging of assets as
well as sub-second transaction times, with users always maintaining custody.
Illuvium is an open-world narrative-driven exploration game. A unique blend of sci-fi
and fantasy where you travel from region to region battling and capturing Illuvials,
then using them as part of your assembled team. Building around an entire world of
iconic, collectible NFT characters designed by some of the world’s most talented
artists. These include ultra-rare Illuvials made with never-before-seen 4D
holographic shading techniques to offers the community a unique opportunity to
collect, trade, battle, and earn rare in-game assets. Illuvium combines elements of
traditional RPG collection games with fight mechanics seen in the popular Auto
Battler genre. Both casual and immersive players can spend as much or as little time
as they wish. But success relies on the creation of a strategically sound and diverse
team.

There are larger mysteries to the world that will be discovered over time, both by
the individual player and the community as a whole. It is planned as the launchpad
for a series of titles that span many genres, each tied to the fundamental game
asset “Illuvials NFT”. While the true nature of Illuvials is not fully understood, what is
known is they are deity-like creatures that roam a broken planet. Over time they
grow and evolve, taking on new, more powerful forms. Each Illuvial has an affinity
for certain elements in the world around them, making them more powerful in
some situations than others. Players are heavily rewarded when adding Illuvials that
leverage the strengths of their existing team. Some Illuvials are more common than
others, with the rarest almost never being seen, let alone captured. The power of
Illuvials also varies and is loosely related to their rarity. If you manage to defeat
them in battle, you can collect them in “Shards” stored on the blockchain. If you
don’t have much time to play, but still want a powerful deck, you can opt to buy
Illuvials from other players. The rarest of creatures are always Shiny, Gold, or
Holographic captures. These are far less common and far more valuable.
One of the many ways Illuvium differentiates itself from other RPGs is in combat,
which is not turn-based. Instead, each combat instance is an auto-battle, where the
player selects and places their Illuvials strategically with the intention of countering
their opponent. As such it is extremely important to select Illuvials that synergize
well with each other, and are strong against the opponent’s selection. The most
important attributes of an Illuvial are their Affinity and Class. There are 5 base
Affinities and 5 base Classes in the game. Stronger Illuvials may embody many
affinities or classes, giving rise to a much greater variety of team compositions.
Players are rewarded for selecting Illuvials of the same Affinity or Class through
unique bonuses. The more on the battlefield with that synergy, the stronger the
bonus. The 5 basic affinities in the game are Water, Earth, Fire, Nature, and Air. The
damage that each Illuvial deals or receives depend on the affinity of them and their
enemy. A Fire Illuvial will deal extra damage to a Nature Illuvial but will take more
damage from a Water Illuvial. It is very important to take into account the
composition of enemies, as sometimes the best chance of success isn’t necessarily
your most powerful Illuvial. The 5 basic classes in Illuvium are Fighter, Guardian,
Rogue, Psion, and Empath to make up the traditional RPG classes. Each class has its
own unique synergy, meaning a team of Guardians will take a lot of beating, while a
team of Rogues might just cut you down before you can blink. When the battle
begins, each Illuvial will find an enemy target and begin attacking them. Over the
course of the battle, through attacks and damage, they will gain energy. Once they
hit a certain threshold they will unleash a special Ultimate Ability, which can change
the course of the game. These Ultimates can do damage, enhance allies or
themselves, hinder enemies, or hit with such force that foes are thrown around the
arena. The battle ends when one team has been fully defeated.

In Adventure Mode, after a successful encounter, the player will be able to capture
the defeated Illuvial. For this, you’ll need a Shard that ranges in capture power. This
capture power, combined with the power of the Illuvial itself determines the
player’s chance of capture. If successful then the Illuvial will be yours. If you fail then
there is a chance the Illuvials will flee. When venturing into the highest level zones
in the game it would be wise to bring powerful Shards, as the weaker ones won’t cut
it. There are still some mysteries surrounding the way Illuvials are captured onto
Shards. One such mystery is that of rare captures. On successful capture, there is a
small chance that the Shard will be modified cosmetically. Rare captures such as
Shiny, Rainbow, and Holo can make the Illuvial stand out from the crowd. Each of
these types is rarer than the last and provides a beautifully unique look to your
collection. Illuvials do not evolve, as in more traditional RPG games. Instead, they
fuse together to form more powerful stages of development. To fuse only two
requirements must be met. First, the player must have three of the same Illuvial.
Secondly, each of them must have reached their maximum level, achieved through
combat. Players also have the option of “Bonding” with one of their Illuvials to gain
extra bonuses in combat. It’s not just the Illuvials that fight either. The player also
takes place in the battle and can be one of the most influential factors on the
battlefield. Each player wears a protective suit of armor and wields a futuristic
weapon. When infused with gemstones and crystals, this armor and weapon give off
Affinity and Class aura. But to craft these weapons you will have to mine and collect
resources from the environment. There are many future plans for the game
including different mechanics and expansions that will be added over time. The
team is currently focused on core gameplay, which is the collection of provably rare,
valuable assets to be used in battle.

The Token
The Illuvium utility token ILV will be used for all In-game purchases of Travel,
Crafting, Cosmetics, Revival, and Shard Curing to include Governance and IlluviDEX
fees. With a Total Supply of only 10 Million ILV tokens, the project has allocated 20%
for Seed Rounds, 15% for the Team, 15% Treasury, 10% Balancer Launchpad, and
40% Yield-Farming. It’s estimated that the entire yield-farming supply will be
claimed within 3 years and the majority claimed in the first 2 years. Early funding for
the project raised $5 Million for the project between Framework Ventures and IOSG
Ventures. While a Governance Council has been established the token model
ensures $ILV token holders are able to vote for council members who will act in the
best interest of the community. This ensures a balance of influence between all
stakeholders and helps keep the collaboration of the game between the developers,
the council members, and the community. Any member of the Illuvium Discord was
able to register for the pre-ILV Airdrop as long as they had joined before February
9th, 2021. Registrations were open for 72 hours and a total of 10,000 ILV was
distributed this way. The Yield Pool contract is enabled to create “flash pools” which
are temporary farming pools that can be added by the eDAO for distributing ILV at a
certain weight. All in-game purchases and fees in ETH are sent to a Vault contract.
Periodically and automatically, the Vault contract uses this ETH to buy an equal
value of ILV from DEX pools and distribute ILV to staked token holders in proportion
to their stake. Stakers have the option of locking their tokens on a sliding scale for
anything up to 12 months. Those that choose to keep their staked tokens unlocked
get the flexibility to withdraw them at any time. But, those that lock gain a boost in
their pool weight as a reward for their confidence in the token. This bonus is linear,
and with a maximum locking of 12 months, staked tokens are weighted as twice that
of unlocked staked tokens. This weighting affects both Yield Farming Rewards and
Vault Distributions. With the total amount of tokens for farming set to 4 Million, 1
Million will be distributed in-game while the other 3 million ILV will be distributed
through staking. All tokens except those bought in the Balancer Bootstrap Pool and
In-Game Yield are subject to a 12 month lockup period and then are linearly
unlocked over an extra 12 months. All tokens claimed through yield farming are also
locked and staked for 12 months before receiving your Rewards.

The Founders
Illuvium headquarters are based in Sydney, New South Wales Australia by founding
Illuvium DAO contributors Kieran & Aaron Warwick. As the younger brothers of
Synthetix founder, Kain Warwick they create a diverse set of skills in the gaming and
crypto space. Kieran is a proven serial entrepreneur working alongside his brother
Kain in e-commerce to establish global partnerships like Doordash through the
Burger Collective. Aaron’s unique knowledge of world-building and game lore has
guided Illuvium’s vision to create one of the world’s first AAA games built on the
Ethereum blockchain. Joining the founders with over 20 years of experience in the
gaming industry is the Games Producer Nate Wells. Nate is well-known for his work
on the Bioshock, Last of Us, and Tomb Raider franchises. Serving as the projects CTO
is experienced full-stack developer Basil Gorin who has a strong background in Java,
Web, and Blockchain tech stacks. In charge of Strategic Partnerships is the retail and
tech-based executive, Danny Wilson. Lead Server Engineer John Avery has worked
as a senior consultant at major Australian financial institutions, including the
National Australia Bank, Westpac, and Suncorp, where his focus was on migrating
services to the cloud. Lead Concept Artist Rogier van de Beek has been illustrating
for a decade and is a well-known artist in the tabletop RPG world. Joining the team
is also Solidity Engineer Pedro Bergamini, Lead Modeler Aleksandr Kirilenko, Lead
Animator Alexandre Belbari, Lead Promo Artist Dmitriy Ten, Engineer Lionel
Pinkhand with Marketing Manager, and Head Writer Marcel Reyes. Illuvium has
almost 6 dozen additional Contributors to the project and there are still a few Open
Positions looking to be filled.

Market Impacts
The ILV token was released back at the end of March 2021 at around $46 USD.
Reaching an all-time high short of $100 the first week, the token remained between
$60-$85 in its first few months to market. It wasn’t until the second week of July
that ILV surpassed the previous high and began its price appreciation above $100. In
a consistent rise over the next month, Illuvium reached a new all-time high of $530.
Falling briefly to touch $400 the ILV token recovered quickly above $500 USD. While
Axie Infinity, Aavegotchi, and Decentraland all have certain aspects like Illuvium. The
level of quality Artwork, NFT collectability, and Defi reward mechanisms combined
within a community-driven DAO hasn’t been created like this yet. Illuvium sits far
below most of these games mentioned with just over $300 Million Market Cap and
only 635k ILV tokens currently in circulation. The Telegram channel’s 10k
membership pales in comparison to over 85,000 active members on
the Discord server, and the 60k Twitter followers to reflect the Illuvium community
is already a massive one. The project’s contracts have also been verified
by Quantstamp.

Concerns
Initial concerns are with the launch of the actual game. There’s no concrete timeline
for when the game will soft launch. All users are able to do now is Stake and
speculate on the price of ILV and/or possible uses in-game. As Immutable X itself
hasn’t done much of anything significant, outside of Gods Unchained that has fallen
flat since the initial release. Additionally, a lot of untested factors are to be
considered for a AAA game release of this promised caliber of polish.

Conclusion
While the game has not been released yet. At launch, players will be able to
adventure around the world and capture Illuvials for their team. Soon after that, the
battle arenas will go live, where players can battle each other to see who is best.
There are two planned arenas with different rules. In ranked the players will be on
equal footing and each Illuvial will have a point cost associated with it. The
non-ranked arena will have no restrictions and spectators will even be able to wager
on the outcomes of these matches. At this point, it really is a waiting game until
something more substantial is released to the public possibly in the Land Sale. What
is certain is that the entire direction of the game, from the artwork to the lore, is
proving to incorporate very engaging ideas into the gaming community and
everyone can’t wait to get their hands on the final product. The anticipated release
date for the Open Beta is in late Q3 or Q4 2021. For additional questions be sure to
check out the Illuvium FAQ.

Until next time, remember that the only guarantee is BTC. So keep stacking that
Satoshi.
-Jesse Koz
Follow Jesse on Twitter
Final Notes

Thank you so much for your support, and I truly hope that today’s issue will give you
insights needed to help you master your wealth.
Do let me know if you have any questions or feedback, or any topics you’d like to see
covered in future issues.
See you next time!
Lark and the Wealth Mastery Team

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