Today in DeFi - Fantom Gas Monetization, Celsius Owns Account Assets, Own and Earn on Bluechip NFTs, and More...
Fantom Voted For Gas Monetization
![Twitter avatar for @FantomFDN](https://substackcdn.com/image/twitter_name/w_96/FantomFDN.jpg)
📢 Fantom’s latest governance proposal has passed, bringing gas monetization to successful dApps!
Along with optimizing demand for block space, this implementation rewards quality creators on #Fantom in a sustainable way, using a methodology similar to affiliate incentives.
🧵
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFlpnSX7XwA4tbPz.png)
Fantom governance passed the gas monetization proposal, in which Fantom will reduce the burn rate from 20% to 5%, and redirect the 15% to incentivize usage/transactions of Fantom dApps.
Celsius Owns Account Assets
![Twitter avatar for @jacqmelinek](https://substackcdn.com/image/twitter_name/w_96/jacqmelinek.jpg)
.@CelsiusNetwork had ~600K accounts in its Earn program.
The accounts held a total value of $4.2B as of July 10, 2022.
About $23M of that consisted of stablecoins.
But all of that is now Celsius' property, a bankruptcy judge ruled.
![](https://substackcdn.com/image/fetch/w_600,h_314,c_fill,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F60ca3a6f-04e1-4e33-9be0-75c4be848130_1200x676.jpeg)
The Judge of the Celsius bankruptcy case ruled that the funds deposited to Earn Accounts, which amount to $4.2 billion, are the property of Celsius, not the investors.
Juno Pauses Buying Service
![Twitter avatar for @delitzer](https://substackcdn.com/image/twitter_name/w_96/delitzer.jpg)
Since people are still replying with this: yes, it’s confirmed that the partner is @sendwyre.
Funds still in crypto on Juno that could potentially be affected is now down to $1.25M. Full update from the Juno team: https://t.co/cRrjMV7uP5
![Twitter avatar for @JunoFinanceHQ](https://substackcdn.com/image/twitter_name/w_40/JunoFinanceHQ.jpg)
Juno @JunoFinanceHQ
Juno, an on/off-ramp crypto platform, has disabled its crypto buying service and recommends users withdraw their funds to self-custody to potentially avoid being affected by the Wyre shutdown.
Bebop Live on Arbitrum
![Twitter avatar for @bebop_dex](https://substackcdn.com/image/twitter_name/w_96/bebop_dex.jpg)
✨ Bebop is now live on @arbitrum! (💙,🧡) ✨
Arbitrum One is an EVM-compatible optimistic rollup, known for lower fees and speedy transactions. ⚡️
Try it out for yourself at bebop.xyz. 🚀
Batch-swapping DEX Bebop expands from Ethereum and Polygon to Arbitrum.
Own and Earn on Bluechip NFTs…
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