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CIP-25-26: Single Sided Staking & CTX Retroactive Airdrop Distribution has been passed by the Cryptex community with 429,000 CTX votes FOR.

The proposal has been queued and can be executed on Thursday, 15 February 2024 after 15:30:35 UTC.

Upon execution of this proposal:

Retroactive incentives of 50,000 CTX will be available for claim by community members and protocol delegates on record as of 10/1/2023.

70,000 CTX will be deployed to Single Sided Staking for a 3 month period.

Thank you.

Season 9 of ARB incentives are now live.

For the next two weeks, 50,000 ARB are available to Cryptex Pi system users.

Thank you.

Cryptex has successfully received the Pyth Retroactive Airdrop! Thank you Pyth Network!

These 100,000 PYTH tokens can now be utilized for anything in line with the Cryptex DAOs core mission.

This decision is 100% in the hands of the Cryptex community.

All community members and protocol delegates can track the PYTH airdrop wallet on the Solana Network here:

iKovgnWZqcAgjQ7Y1FaHZbhjZYzCiWARb9V93F9KHf1

Next steps:

1. Community members and protocol delegates discuss the intended use case of these tokens.

2. A snapshot is created by the community to vote on said use case of these tokens.

3. An on chain vote can commence.

Thank you!

Proposals CIP 25-26: SSS and retroactive incentives have now been executed.

For CIP 25:

70,000 CTX have been deployed to Single Sided Staking for the next 3 month period, ending on Thursday, 16 May 2024 15:46:23 UTC

For CIP 26:

All community members have 84 days to claim 50,000 CTX retroactive incentives, with unclaimed incentives returning to the Cryptex DAO Treasury.


For community members looking to claim these retroactive incentives:

1. Go to https://app.cryptex.finance

2. Make sure you are set to the Ethereum network

3. Review the banner. It will tell you if you are eligible to claim retroactive incentives based on historic delegate/ voting participation as of 10/1/2023 snapshot.

4. Claim

The Cryptex DAO thanks all protocol delegates and community members active in on chain governance and for creating this community led incentive proposal.

Cryptex Pi System Update:

👾 13 Markets

👾 21.10M+ System Liquidity


👾 1.14M+ Total Open Interest

👾 Stay Tuned 👀

Congratulations to Ari Juels on the release of The Oracle.

Decentralized oracle networks represent the ability to bring real world data on chain in a secure and trustless way.

Thrilled Cryptex will be one of the first protocols to integrate chainlink low latency price feeds!

Limits and Stops.

Now live on Cryptex Pi.

👾 This functionality begins with standard on-chain transaction submission and validation.

👾 For executing stop and limit transactions, system keepers then extract off-chain data, reviewing order criteria for on-chain matching.

👾 Keepers execute the transaction when the user conditions are met.

👾 This new transaction functionality is marked BETA.

👾 System users can review the relevant codebase for this feature at the following GitHub repository:

https://github.com/equilibria-xyz/perennial-v2-keepers/blob/main/src/listeners/orderListener/orderListener.ts.

Thank you.

Cryptex Pi System Update:

👾 13 Markets

👾 $25.41M+ System Liquidity

👾 $643.02K+ Open Interest

👾 Thank you.

TCAP: The Worlds First Total Crypto Market Cap Index

👾 Built by Cryptex

👾 Powered by Chainlink

👾 Live on Arbitrum

👾 Stay Tuned 👀

CTX: Protocol Governance Update.

👾 1,261,980.87 CTX governance tokens are now delegated to the network against a quorum of 400k.

👾 This represents the highest levels of active network delegations since inception of the protocol 4/7/2021.

👾🫡

All Cryptex DAO governance metrics are fully transparent on-chain and can be tracked by system users here:

https://dune.com/cryptexfinance/cryptex-dao-dashboard

Just published a blog post to update the community on the progress made in Q1 of this year and what's planned for Q2 of 2024:

https://cryptex.finance/blog/2024-03-15-a-look-back-at-q1-of-2024-and-forward-to-q2-of-2024/

The first report by Messari on the Cryptex DAO is now live.

Reports on the protocol to follow quarterly.

DAO Community members can view the initial protocol report here:

https://messari.io/report/understanding-cryptex-a-comprehensive-overview

Thank you.

We’ll see you soon, Dubai!

This week, Cryptex DAO Contributors and Community Members will be attending the following events:

👾 Blockchain Rio https://blockchainrio.com.br/

👾 Atlanta Blockchain https://www.eventbrite.com/e/onchain-security-smart-contract-audits-tickets-952849216657

👾 Bitcoin Conference https://b.tc/conference/2024

Looking forward to connecting.

Thank you!

To partake in any community conversations on telegram please join the Cryptex Finance Discussions telegram group:

https://t.me/+B6rutk3B7cUwZjJh