Towns: Creating Your Own Discord in Web3

Looking for a promising project? Now is the perfect time to engage with a new SocialFi platform!

Towns (https://x.com/townsxyz) is a decentralized, open application for group Web3 chat, allowing anyone to create digital communities, referred to as "towns." The app operates on Ethereum (ETH), is compatible with smart contracts, features end-to-end encryption, and has open-source code.

What sets Towns apart is that community members can be distinguished not just by usernames and avatars, but also by their wallets, ownership of NFTs, or other digital assets.

Investment
Towns has attracted $51 million in investments over two funding rounds. Investors include top-tier firms like Andreessen Horowitz (a16z), Framework Ventures, and Benchmark. You can learn more about the project here: https://crypto-fundraising.info/projects/towns/

What You Can Do
1. Register on the official website: https://www.towns.com/
2. Create your own "town" or join an existing one.
3. Customize your group as you wish and invite friends.
4. Set up your profile by adding an avatar, EVM wallet, and ENS address.
5. As with any SocialFi platform, it's encouraged to stay active by engaging in conversations in other towns.

Currently, the app is available only on iOS. You can download it here: https://apps.apple.com/tr/app/towns-permissionless-chat/id6504000393

With top-tier investors and an already impressive app, we’re eagerly waiting for more updates and additional features. Will SocialFi thrive? Only time will tell.

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Fuel Announces Ignition Mainnet Launch

Yesterday, the Fuel team successfully launched the Fuel mainnet, called Ignition, along with Phase 2 of the Fuel Points Program. More details here: https://x.com/fuel_network/status/1846536888003313786.

Supported Wallets and Bridging
Fuel supports all Ethereum and Solana wallets, including MetaMask, Phantom, passkeys, and WalletConnect. However, it is recommended to use the Fuel Wallet: https://chromewebstore.google.com/detail/fuel-wallet/dldjpboieedgcmpkchcjcbijingjcgok or Fuelet Wallet: https://chromewebstore.google.com/detail/fuelet-wallet-fuel/bifidjkcdpgfnlbcjpdkdcnbiooooblg. You can bridge $ETH to Ignition to cover gas fees through the official bridge: https://app.fuel.network/bridge.

Important Note for Phase 1 Participants
Users who farmed points during Phase 1 must transfer their assets from Ethereum to Fuel by October 30 (UTC), or their points will be lost. Assets can be transferred here: https://app.fuel.network/earn-points/deposit/.

Phase 2 of Fuel Points Program
Phase 2 will be the final phase of the campaign and will last for 3 months. In this phase, new ways to farm points have been introduced:

Farming Points Methods:
1. Activity Points:
- Provide liquidity to protocols within the Fuel ecosystem, such as Mira (https://mira.ly/), Swaylend (https://swaylend.com/), Griffy (https://griffy.app/), Spark (https://sprk.fi/), and Fluid (https://fluidprotocol.xyz/).
- Earn 1.5 points for every $1 provided as liquidity. Some protocols, like Swaylend (https://swaylend.com/), offer a 2x boost, allowing you to farm 3 points for each $1.

1. Gas Points:
   - Earn 1 point for every $1 spent on gas fees.

2. Passive Points:
   - Earn at least 1 point for every $1 you hold within the Fuel network. The exact number of points will depend on the asset you are holding.

3. Loyalty Multiplier:
   - Participants from Phase 1 will receive a 1.25x multiplier on points earned for 45 days after the start of Phase 2.

Strategy for Phase 2
The best way to farm points during Phase 2 is through Activity Points, which involve providing liquidity to protocols in the Fuel ecosystem. Keep in mind that if you withdraw your funds during the second phase, all points will be lost.

For more information on the Fuel Points Program, visit https://app.fuel.network.

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When you finish all the steps — write "I did this project" in comments!
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New Bitcoin Testnet by Yala

Yala (https://x.com/yalaorg) is a modular infrastructure that provides a lending protocol, allowing users to borrow an overcollateralized native stablecoin, $YU, against deposits of $BTC or UTXO.

Investment
Yala has raised $8 million in funding from notable investors including Polychain Capital, Ethereal Ventures, HashKey Capital, and others. More details here: https://cryptorank.io/price/yala.

Testnet Overview
Recently, Yala launched a new testnet where participants can provide liquidity, stake the native stablecoin $YU, and complete various social tasks to accumulate Berries points. For more detailed information, refer to the guide here: https://docs.yala.org/user-guide/getting-started-with-yala.

Steps to Participate
1. Install Unisat: https://unisat.io/ or OKX Wallet: https://chrome.google.com/webstore/detail/mcohilncbfahbmgdjkbpemcciiolgcge for the Bitcoin network.
2. Connect Unisat to the Bitcoin Testnet. In the settings, select Address Type as Taproot (P2TR).
3. Request test tokens via the faucet: https://app-testnet.yala.org/faucet.
4. Go to the Yala app: https://app-testnet.yala.org and complete the introductory tasks to earn Berries.
5. Provide liquidity in $BTC for minting $YU.
6. In the Portfolio section: https://app-testnet.yala.org/portfolio, stake the $YU you receive and start farming points.
7. Submit feedback (up to 5 times a day) in the upper right corner, earning 10 Berries for each submission.
8. Like and retweet posts on Twitter: https://x.com/yalaorg to earn additional points, as well as check in daily.
9. Complete social tasks on Galxe: https://app.galxe.com/quest/yala/GCaSPtK3N8 (quiz answers: B, A, A, A, A, C) and claim points.

Conclusion
This testnet offers a wide variety of activities, ensuring there is something suitable for everyone. With a small participant base, competition is low. For more details on how Berries points are distributed for each activity, visit: https://docs.yala.org/user-guide/berries-rule.

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When you finish all the steps — write "I did this project" in comments!
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Participants in DeFi Summer have now received a 500% deposit boost, which will last until the end of Craterun on July 30 00:00 UTC. Please note this boost needs to be manually staked.

Craterun is your final chance to gain access to the upcoming Patron NFT sale.

https://app.infinex.xyz?r=WMEOTGUK