Episode Details
Title | A Social DEX on Farcaster with ProxyStudio.eth |
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Date | 11/5/2024 |
Podcast | Web3 Galaxy Brain 🌌🧠 ↗ |
Key Insights
Bullish:
- 🟢 $SOCIALDEX - Proxy is highly optimistic about the potential of social DEXes, particularly his own project launching in July. The project has secured significant funding and is integrating Farcaster data into the DEX experience, indicating strong potential for social data-driven trading platforms.
- “We've been hard at work on this. I'm I'm particularly proud of our team. Right? Like, we're entirely bootstrapped. We've managed to raise 7,000,000 degen through grants and token swap with a DAO. And that has funded, at this point, you know, 2 plus months of development. And so we're we'll be rolling out a big new update in July that will incorporate Firecastr data into a DEX experience.” - Proxy (1:15:11)
- “My theory is just that like the future of trading will have all of this data surfaced very easily. And that token creation will also be heavily influenced by social data.” - Proxy (9:38)
- 🟢 $DESOC - 🔒
- 🟢 $BASE - 🔒
Bearish:
- 🔻 $DGEN - 🔒