Prix de ViacoinVIA

What is CapybaraDEX? • First and largest DEX on Kaia • Permissionless pools (V2 & V3): any Kaia project can launch a V2 (classic AMM) or V3 (concentrated-liquidity) pool and bootstrap liquidity with incentives via Capy Farm • Permissioned single-sided pools: users can

Triple-reward pools in Epoch 2 Provide liquidity to stKAIA/KAIA (v2) and KAIA/USDT (v2) and selected partner pairs to earn: • Trading fees • CAPY Points (convertible to CAPY tokens) • KAIA & partner-token incentives via Portal Missions More yield, same deposit.

It’s the weekend, and with more time to reflect, I wanted to share some market thoughts. I believe the broader directional move for the crypto market won't arrive until after September. Considering macro headwinds, summer liquidity constraints, and quarter-end positioning, the real game begins once market participants return post-August vacation. Looking at the recent market activity, most of the altcoin rallies (excluding BTC) have been driven by short squeezes. Traders, conditioned by previous rebounds, chased momentum — but there were no real hodlers this time. Most people had already been burned before. As expected, the majority of tokens that pumped sharply saw equally sharp dumps right after. Ethereum delivered a surprising bounce, while the most beaten-down sectors like AI and memes led the rebound. On the other hand, tokens with real utility, strong fundamentals, or buyback mechanisms showed resilience — not only holding better during drawdowns but also rebounding faster. Syrup, Hype, and AAVE are good examples. SPX, while a meme, follows a very different structure. From this, we can extract a few insights: 1. Bitcoin demand is real and persistent. Traditional capital is entering gradually via ETFs and other regulated rails. The nature of capital supporting BTC now is very different from previous cycles. That’s why large-scale BTC liquidations (due to cascading liquidations from OI) are less likely, unless triggered by macro events. 2. The divergence within altcoins will widen. Eventually, capital will rotate back into alts — but not across the board. Only tokens with clear utility and real use cases are likely to capture that inflow. That’s why I believe ETH will outperform SOL going forward. Regulatory clarity, growing DeFi usage, a deflationary structure, and staking demand all form a strong flywheel. And because ETH underperformed expectations for so long, it still has marginal buyers on the sidelines. 3. VC-backed tokens carry structural risk. Vesting unlocks will continue to pressure price action. Without sufficient liquidity, ongoing sell pressure from validators and early investors caps upside. That’s why I think overvalued tokens listed on CEXs aren’t good picks moving forward. Cosmos tokens in particular face constant sell pressure due to validator reward structures. 4. In this environment, meme coins had a structural advantage. No VC unlocks. Fair launches. 100% attention-based. It’s a pure hype mechanism — and like in the first cycle, it worked. But I believe that phase is ending.

TL;DR Pi Network’s team described the .pi Domains Auction as a platform-level utility that “harnesses the collective resources of the Pi community and Open Network’s external connectivity to further Pi’s role in real-world commerce and digital interactions.” It’s supposed to expand the Pi ecosystem through strong participation from Pioneers, businesses, and developers. According to the team, it has seen over 100,000 bids within less than a week after its announcement (and over 200,000 in total), which shows encouraging signs of adoption and real engagement. .pi domains function similarly to traditional ones, acting as unique digital identifiers by enabling businesses, apps, and individuals to establish a clear online identity or digital storefront in a Web3 social network. They are created to operate within and outside the Pi Browser, as other wallets and browsers have the option to integrate the feature over time, similar to how other crypto-based domains work. In terms of Chrome and Safari compatibility, all .pi domains will work through the ‘.pinet.com’ extension. The team said all proceeds from this function will be “used to support the Pi ecosystem, including developer programs and events.” The latest on the .pi Domains Auction included two main updates and some bonuses. The first is an interface dedicated to showing statistics in real-time. Users can view domains with the most bids, the highest price, and the most recent trending bids alongside other information. This allows them to review a transparent snapshot of how the Auction is progressing and where the highest activity is occurring. The second update is the inclusion of .pi Domains Auction in the Pi App, following its initial release through the Pi Wallet, which enabled unique feature deployments, such as the stats page and email notifications. The bonus updates: refinement of the bidding interface to provide a cleaner and smoother experience; more Pionners can see and participate in the Auction as the Mainnet wallet accessibility has been “significantly” expanded; and lastly, the option to receive email notifications about updates for individual domains via the Settings tab.

The major maneuvers around bitcoin are intensifying. Long reserved for states and financial giants, this accumulation reflex is now spreading to the crypto protocols themselves. Polkadot, a flagship Web3 network, is considering building a strategic BTC reserve. An unprecedented initiative for its ecosystem, but symptomatic of a turning point. As market caution encourages diversification, even cryptos look to bitcoin as a shield. The Polkadot news : a proposal submitted to the governance forum by the member “hippiestank” plans the conversion of 500,000 DOT into tBTC, equivalent to 2 million dollars. The goal? To build a non-custodial bitcoin reserve via the Threshold protocol and its ECDSA wallets. The purchase would be automated over one year thanks to Hydration and its rolling DCA system. “This is not market timing, it is operational continuity“, states the proposer . In other words, the idea is not to speculate on the price but to ensure a stable foundation, long term, in the face of market volatility. Polkadot has already explored diversification by including stablecoins like USDC and USDT. Adding bitcoin would be, for some, a natural evolution. The asset is seen as a protection tool, especially after the drop in DOT’s value in 2025. The plan foresees that each tranche of 0.005 tBTC is injected into Hydration’s Omnipool, providing liquidity to the DeFi ecosystem. The operation would represent 2.8% of the Treasury’s annual creation. The proposal did not leave the Polkadot community indifferent. Some see it as a strong signal, others as a rushed decision. One member wonders: Even with excellent returns, it could do more harm than good. The idea of liquidating DOT at historically low prices to buy bitcoin at over $100,000 is seen as risky. The 60% drop of DOT versus BTC since January remains in people’s minds. Others, on the contrary, believe we must “stop waiting for the perfect timing, which never exists“. The method itself appeals for its rigor: fractional, non-custodial purchase, without price pressure. It reflects a desire to “play it safe without paralyzing action“. Another participant recommends consulting the community on X (formerly Twitter) before any vote. This transparency in debates strengthens the credibility of the process. Meanwhile, the initiative comes after the validation of a Polkadot payment card, Visa compatible, showing that the ecosystem is structuring itself. The idea of bitcoin reserves was not born inside Polkadot. It responds to a larger dynamic. States like El Salvador, companies like MicroStrategy or SpaceX, and now DAOs, seek to protect themselves from economic uncertainties. The discussion has been open since December 2023. In November 2024, hippiestank was already mentioning an investment “from 1 to 3%” of the treasury in BTC. In December, another proposal provided for full automation of allocations via Hydra, proof that the debate has been maturing for months. Some key figures: This initiative is part of an effort to prepare DAOs for financial shocks with solid tools. In this arsenal, bitcoin becomes a key piece, just like a global reserve asset. The idea of a crypto reserve thus becomes a new maturity indicator for protocols. A DAO storing bitcoin is also a step towards a more interoperable, multi-chain, and perhaps more resilient world. To join this adventure or simply invest in DOT, a dedicated address and appropriate tools will be needed.