Hiya everyone, welcome back to our not-so-weekly newsletter! (Lol!) It's been a while since I wrote an article in this format, but I'm super excited to be back and share what's going on and share my thoughts about it. I hope you're all doing fantastic and rocking your favourite projects!

Today, we'll provide commentary on three DeFi DApps on Alephium, plus one additional DApp that is also worth a deep dive. (Our 3+1 promo!)

Let's kick things off with the elephant in the room because I know why you're all here.

#3 AlphPad

Just two days ago, the team officially announced that they have completed the next key steps to bring APAD closer to widespread adoption. APAD will be available on Uniswap and later on Centralized Exchanges. The APAD team swapped 1 million APAD tokens using LinxOTC from their treasury to make this happen. This translates to 25,400 ALPH (or roughly $40,000 at today's price). It will be paired with 1M APAD to make the LP whole.

Most cryptocurrencies are speculative. They are valued based on promises, fancy research papers, and fancy roadmaps. Native APAD is entirely different, it has an actual use case.

Utility

Using the website https://app.alphpad.com/vault, 59.7% of the entire supply is now locked and staked in the protocol. This is due to the upcoming IDOs set to take place in the coming days or weeks. That by itself is already outstanding. But let's not stop there.

For more context, launchpads require participants to stake their tokens in specific amounts based on tier levels.

If we use the data from https://alph.pro/, it is notable that there are 571 wallets holding APAD. Using the same tool, it's easy to track the the Top APAD wallets/holders.

1. 1st address: Staking Contract.

2. 2nd address: APAD-ALPH LP.

3. 3rd address: APAD-AYIN LP.

4. 4th address: The team's marketing wallet, which holds the 25,428 ALPH mentioned earlier and will be used to boost liquidity.

This means that exactly a total of 80% of the entire supply is locked or utilized in a contract.

https://alph.pro/ simplifies navigating the complex DeFi space. It costs just 5 ALPH per month or 30 ALPH for 6 months. AYIN LP staking can generate this amount in one day, allowing you to enjoy 6 months' supply of valuable data. Moving on...

From APAD's most recent update, they have now made a public Vault Leaderboard. This allows anyone to see how many wallets are in each tier (that are staked and can participate in the IDO).

Total IDO Participants (wallets from 1M to 10k) = 260 wallets

• Diamond Tier (1M) = 18 wallets

• Platinum Tier (400k) = 18 wallets

• Gold Tier (150k) = 110 wallets

• Silver Tier (40k) = 48 wallets

• Broke Tier (10k) = 66 wallets

What this means is that only 260 wallets can participate in the IDO round. The rest of the top 5000 wallets on the explorer, which contain at least 1.47k ALPH each, will have to buy it from the DEX.

What's Next?

There are many things planned for APAD in the coming weeks and months. In no particular order, here are the following:

• Liquidity provisioning to Uniswap (and later to some CEXes)

• Launch of a new Tiered System

• AlphBanx IDO

• Elexium Finance IDO

• Swapa IDO

• Launch a new DApp/Feature (which is rumored to be a DEX Aggregator)

What's in it for you?

AlphPad seems like a Killer DApp in the making to me. They say a Killer DApp has a great:

✅ UX/UI: Intuitive design, easy onboarding.

✅ Core Functionality

✅ Innovative Features

✅ Security and Trust

✅ Community and Ecosystem

✅ Killer Use Case

✅ Regulatory Compliance (The team is very aware of this tricky landscape and has taken the correct steps right from the very start.)

AlphPad's strategic moves and killer utility demonstrate why it is Alephium's blue chip project.

If you want to learn more about APAD, you can find more details here: https://docs.alphpad.com/

Moving on to the next DApp.

#2 CandySwap

Just a few days ago, CandySwap launched a new feature. From what it was at launch, which was an Orderbook DEX, this new feature turned it into a hybrid DEX.

In a nutshell, an Order Book DEX allows users to place a BUY and SELL order. You can learn more about CandySwap by reading our two articles here: 1. WTF is a CLOB DEX? 2. And WTH is CandySwap?

But to those who are already savvy, you'll notice there's still no pool! What gives?

Introducing: Single-token CLAMM

It's crazy! It just uses one token, in our case it's ALPH. It then concentrates your ALPH to a specific price range effectively turning it as a liquidity. (It's a trader's paradise!)

These AMM-like features work by placing a BUY and a SELL order in one transaction which then creates a spread.

To illustrate a more concrete example:

This order lets me:

1. Place a BUY order for the CANDY token at 0.30 ALPH per 1 CANDY.

2. Place a SELL order at 0.33 ALPH per CANDY, essentially making a 10% profit on the spread if the orders are successfully filled.

3. This order uses 1000 ALPH to execute the orders, as a liquidity to that specific price range.

Quick easy notes:

1. To use these features, you have to click "Advanced" button. Otherwise, it's only a limit order.

2. CandySwap supports partial fills.

3. All these happens in one order, like a grid bot, for a specific duration or until you cancel it.

High-level notes:

1. When creating an order, keep in mind that the protocol will match orders as much as it can, and then the remainder is created in a new order to be matched with the next orders.

2. For the sell order, the protocol aims to flip the full amount. Although it can sell partially, remember that the protocol cannot partially fill in the same transaction where a flip order is created.

3. The protocol prevents users from adding liquidity higher than the current market price to avoid unmatched overlaps. There's a built-in function that notifies users with a red error message if they try to do this. Additionally, the transaction will fail, similar to a calculator showing a syntax error.

If you possess more advanced skills, you can place multiple orders to effectively create a grid bot.

Once the order is placed, you can track your progress by going to My Wallet --> Orders.

CANDY Token

IMO, the token is still very speculative. There were 30.7k CANDY tokens that were airdropped to Season 1 users, which gives the token a marketcap around $13,000. You can find more details about the airdrop here.

Although there has been a rise in the trading volume of this token, there is a need for further clarity about its direction, max total supply, inflation rate, and additional use cases. In my opinion, as the project move forward, we can expect new features. Afterall, they are an Order Book Dex trying to be an AMM. Which is very cool!

Find more details here: https://docs.candyswap.gg/

For transparency: I hold 600 CANDY tokens, which is currently 2% of the entire supply. I spoke to Splinter about the token's direction, and he said the supply will increase every season. Again, this is very speculative. Do your own research (DYOR) and remember, none of this should be taken as financial advice.

Now let's head on to the next one.

#1 SWAPA

Currently, there are two Vote Escrowed (3, 3) DEXes in development. From the way they make progress, looks like Swapa WILL BE the first Ve33 DEX on Alephium.

Ve33 DEXes aims to give power to its LP stakers through meritocracy.

Functionalities

Usual DEX Features:

1. Swap: Swap tokens, stable swap.

2. Add/Remove LP.

3. Staking. You will lock SWAPA in exchange of xSWAPA which is like xAYIN but non-transferable. This is used to earn staking rewards, earn bribes, and most importantly, to vote.

DApp Specific Features:

1. Token Factory. (Launch your own token)

2. Token Gambit. (I picture it as a meme launchpad, but tokens get voted on before getting launched. The liquidity that will be used are all the ALPH gathered. 5% goes to the token proposer.) Very cool!

3. Vote on pools. There are some intricacies with exiting. It could be vested for 180 days, or immediately but with a penalty of 50%. IMO, this is going to be massive for the TVL.

4. Bribes. The extra incentives for liquidity providers.

Here's a screenshot of the Vote page, which is essentially what makes it different from AYIN.

The Token: SWAPA

There is a total supply of 4 million and will be using AlphPad for their IDO.

• 1.4 million (35%) will be used as staking emission. From what it looks like, it appears to be a Tail Emission. For more context, Bitcoin has halving, and Monero has tail emission where there's a bit of a cliff, then it becomes linear, then at some point there's continuous block rewards.

• 400k (10%) WL + Open Presale

• 400k (10%) ALPH/SWAPA Pool

• 420k (10.5%) First year staking, bribe rewards on important pools.

• 1.37m (34.25%) team allocation, community and partners. Vested for 50 months.

• 10k (0.25%) Initial Team vest

You can get into the whitelist by inviting people into their discord, so make sure to use your own discord invite link.

What's in it for you?

Different folks, different strokes. Currently, we only have AYIN, which hosts the largest liquidity pools for the Alephium Ecosystem. However, AYIN is not yet open-sourced, making some LP stakers hesitant/anxious to deploy large amounts of funds. Once SWAPA hits the main net, it will have the first-mover advantage in the Ve33 Dex scene and could promote a healthier trading experience with more substantial liquidity pools.

Also, these new innovative features like the Token Factory and the Token Gambit, it then enables every influencer, every celebrity, essentially everyone to easily launch tokens and get liquidity.

Stay tuned to their social media and AlphPad's official announcements.

Learn more about Swapa here: https://docs.swapa.exchange/

Side note: Assuming there have been no changes since the AYIN handover, 0dd's code has been open-sourced from day one, which you can find here. Again, I do not represent the non-AYIN bulls as I am an AYIN bull myself. I completely don't understand how they thin. But take note that AYIN's roadmap includes open-sourcing everything, smart contracts, front end, back end, even including APIs. Let's continue...

Now let's move on to the last DApp that I wanted to give a little shoutout.

BONUS: ALPHAGA

The DApp is now live on the mainnet. It is a decentralized NFT marketplace that rewards its users through staking.

Previously, we had only one NFT marketplace for about a year and now it has changed. The core developer, Benjamin, has already started working on a no-code mint. This one is BIG. Once this feature is deployed, EVERYONE can launch their NFT Collection like it's Facebook or Instagram!

Here are the features that are already deployed.

1. Activity Page (total volume, number of collections, etc.)

2. Search Bar and Minting Status

3. Create Page

4. Profile Activity Page (track your latest trades)

5. Admin Dashboard (manage and get valuable insights about your collection)

More details here: https://docs.alphaga.app/

Conclusion

Alephium is the future of DeFi, and these DApps are quickly transforming the ecosystem. Previously, we only had AYIN and Deadrare. Now, we have multiple DApps with a variety of features like Limit Orders, Voting on pools, and soon, with Alphaga, a no-code NFT mint. As Benjamin said, "This is the way!"

AlphPad has been the best-performing launchpad the crypto space has ever seen. Not to mention, it is a Killer DApp and will deploy (rumor has it) a Dex Aggregator to further strengthen decentralized trading.

As these projects continue to develop and roll out new cutting-edge features, they are poised to significantly impact not just the Alephium ecosystem but also the broader DeFi landscape.

As we wrap up this newsletter, I want to thank everyone for supporting the Gazette. These newsletters usually require two venti coffees and about a thousand puffs from my vape. The thing is, I already quit vaping, so two venti coffees are barely enough. I would greatly appreciate if you'd like and share our contents so we could get more reach. It's all that I ask. 🙏

Stay tuned for more updates. And remember, the healthier you are, the longer you can hold your BTC and ALPH! So, stay healthy y'all! 👟🏃‍➡️🏃‍♀️‍➡️🏃‍♂️‍➡️

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