Last month has been full of exciting developments, and we can't wait to share all the news and updates with you.
So, without further ado, let's jump right in and explore what's been happening in our community!
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Public Goods Project of the Month: Green Pill Network 🟢💊 (@greenpillnet)
The Greenpill Network is all about using Web3 tech to make the world a better place. Starting in 2022 with a cool book and podcast on web3 and sustainability, they've come a long way! Their podcast, with Bankless, has been a hit, drawing in thousands of listeners per episode. They've even expanded globally with 13 chapters worldwide!
Their goal?
To make regenerative web3 tools accessible to everyone and fund sustainable development in innovative ways, all while building a strong community.
Our Magic: Rebranding RetroPGF Community
This month, we've been working hard behind the scenes to make some exciting things happen. First up, we've been putting our creative hats on for the RetroPGF community rebranding. Now it has a fresh new look and feel! And that's not all—stay tuned for the launch of our new website to go along with it.
We've also been busy with design and marketing work for the upcoming BlockSplit conference, happening at the end of May. In addition to our ongoing projects, there's even more excitement building behind the scenes—but shh, it's top secret for now. Keep your eyes peeled because we will start announcing it very soon.
🙏High Praise: Kristina
Let's give a big round of applause to Kristina, our star of the month! 🌟
Kristina has been receiving heaps of praise for her outstanding work in creating those eye-catching graphics you've been loving on our social media and in our projects. She's not just talented but also incredibly helpful and super quick to respond whenever we need her.
We're incredibly grateful to have Kristina on our team, spreading positivity and making our community shine.
Deep Dives: Liquid Staking
Let's dive deeper into the fascinating world of liquid staking—a process that revolutionizes how users engage with proof-of-stake (PoS) networks.
At its core, liquid staking involves staking cryptocurrency assets, like ether or solana, in exchange for a tradable asset known as a liquid staking token (LST). This token represents the staked assets and offers users flexibility and liquidity—a departure from traditional staking, which locks up assets until they're unstaked.
Here's how it works:
Staking Contribution: Users lock up their cryptocurrency tokens in a smart contract or staking platform, contributing to the security and consensus of the PoS network. In return, they earn staking rewards.
Liquid Staking Tokens (LST): Instead of locking liquidity and claiming yield, users are issued an LST, which represents their staked asset and yield value. These tokens can be freely traded on various DeFi platforms or used as collateral in lending protocols, unlocking their value for additional use within the ecosystem.
Now, let's explore the two main approaches to liquid staking:
Centralized Platforms: Popular exchanges like Coinbase and Binance offer centralized liquid staking services. Users delegate their assets to these platforms, which handle the staking process on their behalf. While convenient, this method exposes users to counterparty risks associated with centralized custody.
Decentralized Protocols: Protocols like Lido Finance and Rocket Pool provide decentralized alternatives to liquid staking. Here, users retain full control over their assets and participate directly in the staking process without relying on intermediaries. However, decentralized staking may require users to navigate technical complexities and be mindful of smart contract risks. These complexities provide opportunities for simplified solutions, such as Asymmetry Finance's LST which is weighted among numerous ETH LSTs, encouraging Ethereum decentralization and reducing slippage for the staker.
When considering liquid staking, it's essential to weigh the benefits against potential drawbacks:
Smart Contract Risks: As with any DeFi application, users are exposed to smart contract vulnerabilities that could compromise their staked assets.
Reduced Governance Rights: By staking, users may forfeit certain governance privileges associated with their tokens, limiting their participation in onchain governance decisions.
Show Your Support for Impact DAO Projects with our Merch Shop!
Our Swag Shop is filled with items from various Public Goods projects. So, not only can you add a stylish touch to your outfit, but you can also support the mission and purpose with every purchase you make. It's like giving something back in exchange for something great. 🛍
Logs from the Giveth Galaxy:
🔄Pairwise is participating in the ENS Small Grants Public Goods Round! If you hold ENS tokens, your support could help us innovate and enhance community voting.
💜 Giveth Today marks the final day to donate in the ENS Builders Round on Giveth🌟 Plus, get ready for the upcoming Galactic Giving QF Round on Arbitrum, launching May 2nd with over $30,000 in matching funds! 🚀 And in exciting news, $GIV has now landed on LBank, reaching an even broader global audience. Stay tuned for more remarkable updates from the Giveth team!
🙏 Praise announced the launch of its brand-new Bounty Program! This is your chance to shine in their content creation contest, where the top three submissions will be rewarded with 25 OPs each, plus a special NFT. Here is how to participate
🌿Token Engineering QF Grants Round Supported by a $50,000 matching fund, generously provided by TEC and Gitcoin, this round aims to empower projects in research, education, software development, and social infrastructure. Applications are being accepted until April 16, with the donation round kicking off on April 23. Head over to the Token Engineering Grants Portal now for eligibility requirements and application details.
🟡🟣 RetroPGF Community has just released an exciting update: a comprehensive rebranding of their Twitter page! This transformation aims to broaden the scope and cover more RetroPGF initiatives within the ecosystem.
Thanks for joining us on this journey, and we'll see you next time with more exciting updates!
Best,
The General Magic Team 🪄✨
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