The Crypto Watcher 2024 Challenge - March Madness And Prediction Markets

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Written by

#Club1BCH

6 months ago

In community: Everything Crypto(f12e)

As Uthred of Bebbanburg often said... Destiny is all! The Cryptoverse is the "Last Kingdom" and represents the freedom we all seek. We all want to fully embrace Web3 and a trully decentralized world... but bad actors are waiting for a smallest mistake! Scammers and exploits are always around, and our assets are always in danger!

Not a big deal... got hacked and lot $35,000 on the second of January. My new year resolution is to earn $35,000 worth of crypto this year, and get back what I've lost. It's achievable because I've done it once! This time should be easier... as I am more experienced than I was, and I know more people than I knew in the past.

I will take you in this journey, and will let you be The Watcher! I will show you that time, space and reality are more than a linear path! In this prism of endless possibility, a single choice can branch out into infinite realities. In some I will fail, while in others I will reach my targets. Follow me and dare to face the unknown, and ponder the question... What if?

I had a slow start in January, mostly aftermaths of the hack, but then February came with lovely gifts from Dymension and OpenFabric. What is Dymension? It a similar way to Celestia, Dymension is a network of easily deployable and lightning fast modular blockchains called RollApps.

I was eligible for $DYM, and there estimate was 205 tokens for being a Celestia staker and 25.75 for my Ethereum activity. However, after adding the Dymension chain in my Keplr wallet I found even more tokens. I've received 294.25 $DYM ... an unexpected $2,256 Valentine's Day gift! Not selling them, as I predict more projects will reward Dymension and Celestia stakers! The airdrop season is on!

My YieldYak journey continued, and got 2 more $AVAX to stake! Another $110 staked into those sweet auto-compounding YAK pools, and more passive income secured on the long run. My AVAX portfolio keeps growing and perpetually gaining more value!

Yield Yak is the most popular and most used optimizer on Avalanche, due to the great variety of opportunities that it offers. An optimizer is in charge of maximizing the annual percentage of rewards that users can get when farming or staking your cryptocurrencies on other platforms. Read more about it in the The YieldYak Gazette

I explored Stratum Exchange... the native liquidity layer on the Mantle network. Taking inspiration from Solidly and Velodrome, Stratum utilizes the ‘vote escrow’ NFT (veNFT) model, to deliver a protocol on which the projects building on Mantle to derive sustainable liquidity for their tokens and enable users to transact in a cost effective and frictionless manner. Read all about it in Stratum Exchange - The Native Liquidity Layer On Mantle

I was eligible for their airdrop, which came as a veNFT, claimable upon launch. I feel good about receiving mint #100, with 2,184.00 locked $STRAT, and started using it for gauge voting! The veSTRAT holders decide which liquidity pools receive emissions in a given epoch by voting on their preferred liquidity pool gauges. The $STRAT emissions are distributed proportionally to the total number of votes a liquidity pool receives, while voters receive 100% of the trading fees and bribes collected through the liquidity pool they voted for.

Wrote an article about my journey just in time for a content creation competition on Stratum and received 4000 $STRAT for my hustle. Added them on the veSTRAT NFT, locking them until 6th of February 2025, and increasing my voting power! I am now holding 6,220 $STRAT locked in the NFT, expecting 4-5 USD in voting rewards each week. The value of my locked tokens is somewhere close to $260, with more rewards adding from gauge voting.

It's no secret I like Fore Protocol, the first people-powered predictions ecosystem where the users create, participate in, and validate prediction markets ... and they are rewarded for doing so!

Fore Protocol integrated the UMA Optimistic Oracle and created a truly decentralized peer-to-peer predictions ecosystem powered by people. The users can create prediction markets, determine market odds, participate in markets against each other, and validate the market outcomes.

I took part into two Zealy quests, a two month sprint and a weekly challenge. I finished top 5 in the first one, and won 900 $FORE, then another 160 tokens for the shorter sprint! The gains can bring bigger gains, as I decided to mint my validator NFT!

Fore Protocol is unique because it is totally user controlled – users create markets, participate in them, and resolve them, without centralized intervention. The markets are automatically settled, unless a dispute is raised. Fore uses UMA for security and disputed market outcomes will be submitted to UMA's Optimistic Oracle for resolution.

The $FORE token can be used to create markets, to join predictions, and to mint Analyst NFTs. All rewards are paid in $FORE, creating a synergy between all parts of the ecosystem. I burned 1000 $FORE to mint my Validator NFT, and the plan is to validate markets and compound the rewards for higher NFT power. This will allow me to validate bigger markets and on the long term reach an APY as high as 900%

I have a plethora of yield rewards or small fractions of crypto being farmed, but will include them only when I will do the claim. The quest towards earning $35,000 worth of crypto in 2024 was re-ignited by the $DYM airdrop and March's gains.

March Madness round-up? Stratum with $260 locked in the NFT, YieldYak with $110 in $AVAX, and $66 in $FORE that I used to mint my Validator NFT. Monthly bounty summing up $436, raising the Q1 gains at $3826! Three months gone and I should have reached 25% of the target but I am stuck at a little past 10%, which means I need to hustle harder.

Hopefully some big airdrops like zkSync or Mode will drop this summer, or at least my US President prediction will become reality. I went for the underdog and if Robert F. Kennedy Jr. wins the 2024 US Presidential campaign I will win $1947 at Polymarket.

CryptoWatcher January : $594

CryptoWatcher February: $2796

CryptoWatcher March: $436

Total crypto earnings in Q1 2024: $3826 (10.93%)