Must-do this week: Fractal Bitcoin interaction points, Scallop high-yield stablecoin mining

Original | Odaily Planet Daily ( @OdailyChina )

Author | Asher ( @Asher_0210 )

Recently, the price of Bitcoin has been fluctuating, and it is extremely difficult for contract players to make money. Although some altcoins such as SUI and TAO have performed well and have seen considerable gains, most projects still need to rely on Bitcoins strong rebound to usher in new opportunities for growth. Therefore, at this stage, it is undoubtedly a wise strategy to pay attention to and participate in the interaction of popular projects and lossless mining of stable coins on the chain.

Fractal Bitcoin: Bitcoin Scaling Solution

Reasons to participate

Image source: Official Twitter

Fractal Bitcoin is an innovative expansion solution, which can gradually expand the Bitcoin blockchain and transform it into a scalable computing system while maintaining full consistency with the Bitcoin main chain. As the only native expansion solution that is instantly compatible with Bitcoin, it achieves effective expansion of the Bitcoin network without affecting the integrity of the main chain.

Fractal is a project that relies entirely on the powerful infrastructure and technology of the Unisat team. Its consensus mechanism uses proof of work, the same as Bitcoin. Miners can use existing ASICs, GPUs and other hardware devices for mining, and the block generation time is 30 seconds.

Interactive Tutorial

First, prepare for the interaction:

STEP 1. Download and install the unisat wallet plugin ( click here to jump to the download link )

STEP 2. Switch the wallet network to the Fractal network

STEP 3. Receive test coins ( click here to jump to the link ), copy the wallet address and click Claim to receive test coins

Next, we will conduct a specific interactive tutorial:

STEP 1. Deploy inscription: After entering the official website (click this jump), connect the wallet and select the Inscribe column. Enter 4 letters in Tick and click Next. After selecting the receiving wallet, check the bottom and then Submit. Finally, click Pay invoice.

STEP 2. Cast the inscription. You can choose the inscription you just deployed ( click here to jump to the link ): Under the Inscribe column, select Mint, select the inscription you want to cast, and click Next.

STEP 3. Cast a small picture with inscription: Select Files under the Inscribe column, then drag and drop a picture into it, check the box at the bottom, and click Submit and Pay with wallet to confirm.

STEP 4. Purchase inscriptions in the trading market: Select the BRC20 type in the Marketplace column and purchase an inscription at random.

STEP 5. Sell inscription: Select the BRC20 assets you hold and place an order to sell as shown in the figure below.

summary

Fractal is fully supported by the Unisat team. Although there is no incentive for the test network, it is worth participating in given that the Bitcoin ecosystem Fractal Network may have great potential in the future and points can be accumulated through interactive activities.

Scallop: SUI Ecosystem Lending Protocol

Reasons to participate

Image source: Official Twitter

Scallop is a lending protocol based on the SUI chain, and its security has been audited by three auditing companies. In addition, Scallop has received official funding from the SUI Foundation, becoming a trustworthy DeFi protocol. According to DefiLlama data , Scallop TVL currently ranks second in the SUI ecosystem, at $100 million.

According to ROOTDATA data , Sui ecological lending protocol Scallop announced in March this year that it had completed a US$3 million strategic financing, led by THE CMS and 6 MV, with participation from KuCoin Labs, 7UpDAO , Side Door Ventures, Oak Grove Ventures, Signum Capital, Blockchain Founders Fund, Cypher Capital Group, Mysten Labs, Kyros Ventures and others.

In March this year, it announced the completion of a US$3 million strategic financing.

Interactive Tutorial

Interactive website: https://app.scallop.io/

STEP 1. Download SUI Eco Wallet ( click here to download )

STEP 2. Enter the Scallop official website (you can switch the website language to Simplified Chinese first), select Lending Pool under the Lending column, select the corresponding currency to be pledged, and click Supply (currently the annualized yield of stablecoin USDC staking is 23.73%, and the annualized yield of USDT staking is 16.8% ).

summary

Last week, with the launch of the SUI Crypto Trust by Grayscale, the price of SUI rose rapidly, reaching a peak of $1.1. This shows that more and more investors are beginning to pay attention to the SUI ecosystem. Therefore, participating in the stablecoin mining of Scallop, the leading SUI lending platform, may be a rational choice to cope with the current market situation - retaining the principal to earn stable income, and strike hard after the market becomes clear.