This Week in Signal Teams — Oasis, COTI, THORSwap
Every week we comb through hundreds of FTX Signals to bring you the most significant team updates with brief analyses to help you understand the latest developments in blockchain.
Macro Crypto News This Week
- Charles Schwab to List a Crypto ETF on the NYSE
- German Retailer Giant REWE Installs Bitcoin ATMs
- FTX Receives Full Approval to Operate in Dubai
- UAE Bank to Allow Customers to Trade Bitcoin and Crypto
- Brazil’s Nubank Reaches 1M Crypto Users After Just a Month
- US Senators Intro Bill to Make Bitcoin Txs Under $50 Tax-Free
Top FTX Signals This Week
- Oasis Partners with Meta on AI Models
- COTI Partners with Thrift to Bring Djed to Its Suite of Products
- THORSwap Partners with SushiSwap to Launch an Onsen Farm
Oasis Partners with Meta on AI Models
“Oasis Labs is Partnering with Meta to Assess Fairness for its AI Models. A first-of-its kind initiative enabling inclusiveness and fairness.”
— Gina Tiriakidou, Head of Marketing
Summary
- Oasis has announced a partnership with Meta and the launch of a platform to assess fairness in Meta’s products, while protecting people’s privacy.
- As Meta’s technology partner, Oasis Labs built the platform that uses Secure Multi-Party Computation (SMPC) to safeguard information as Meta asks users on Instagram to take a survey in which they can voluntarily share their race or ethnicity.
- The data, collected by a third-party survey provider, will be secret-shared with third-party facilitators in a way such that the user’s survey responses cannot be learned by either the facilitators or Meta.
Significance
The project will advance fairness measurement in AI models, which will positively impact the lives of individuals across the globe and benefit society as a whole. This first-of-its-kind platform will play a major role in an initiative that is an important step toward identifying whether an AI model is fair and allowing for appropriate mitigation.
Price at the time of FTX Signal: $0.06. View ROSE on FTX.
COTI Partners with Thrift to Bring Djed to Its Suite of User-Focused RealFi Products
“We are happy to announce yet another Djed partnership, this time with Thrift, to integrate DJED into their suite of user focused RealFi products.”
— Efrat Bar Lev, VP of Marketing
Summary
- COTI has announced a partnership for Djed, Cardano’s overcollateralized algorithmic stablecoin, this time with Thrift, a suite of products for decentralized, trustless, smart-contract-powered thrift savings.
- By integrating Djed into their wallet, Thrift’s users can use Djed to avoid market volatility in saving, making payments, and investing. This includes in crowd lending, P2P, fiat on-off ramp, multi-payments, and more.
Significance
This integration will provide users an opportunity to grow their savings in stable currency and contribute to Cardano adoption, especially in Africa.
Price at the time of FTX Signal: $0.09. View COTI on FTX.
THORSwap Partners with SushiSwap to Launch an Onsen Farm for $THOR
“Great news! THORSwap has partnered with SushiSwap to launch an Onsen farm for $THOR!”
— paperX, Launch Manager
Summary
- With the launch of the new $THOR Onsen farm, users who are providing THOR-ETH liquidity on SushiSwap can stake their SLP tokens to receive additional liquidity mining rewards — in the form of both $SUSHI and $THOR — whilst maintaining their exposure to THOR/ETH.
- Previously, there was an LP farming contract for additional $THOR rewards. This will be deprecated and replaced by the new $THOR Onsen Farm.
Significance
By launching $THOR Onsen, this will boost rewards for LP’ers, decrease slippage and improve $THOR market efficiency.
Price at the time of FTX Signal: $0.26. View THOR on FTX.
Quotes of the Week:
“Bitcoin has benefited the unbanked and also attracted tourism.”
— Finance Minister of El Salvador
“Bitcoin and crypto are here to stay.”
— CEO of $167 billion Santander Bank Brazil
"I have Bitcoin for the benefit of my kids.”
— Gibraltar MP
“265 billion cubic meters of natural gas is wasted each year by the oil and gas industry. Only 25 bcm of natural gas would support Bitcoin’s current hash rate.”
— ARK Invest
Charts of the Week:
The Bitcoin short-term holder cost basis is an important threshold to keep in mind as the price rises. This is the aggregated cost basis of short-term holders (<155 days). Currently sitting at $28k, this is aligned with technical chart resistance in the $28k to $29k range. This was previously key support, which often turns into key resistance. It is an area being watched closely by momentum traders looking for a bullish breakout above this range.
Thanks for joining us and we look forward to bringing you our top FTX Signals again next week.
Jason Hamlin
Ecosystem Insights @ FTX
FTX Signal is a first-of-its-kind communications platform built exclusively for token teams to connect and engage with their communities. Over 1,000 token team CEOs and team leaders actively use the platform to provide relevant project updates directly to FTX’s 6 million+ users. Learn more.
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