Pika Announces Retroactive Airdrop Details

The airdrop includes 19,144 eligible wallets across all three versions of Pika Protocol on Optimism.

Pika Announces Retroactive Airdrop Details

Quick Take

  • Etherscan releases an OpenAI-powered code reader.
  • The DAI Savings Rate increases to 3.49%.
  • Pika announces details for its retroactive airdrop.
  • L2Beat adds rollup stages.

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Pika Announces Retroactive Airdrop Details
Pika Protocol, an optimism-native derivatives exchange, announced details of a retroactive airdrop for early users. A total of 6.2 million esPIKA tokens, equivalent to 6.2% of the token's supply, have been allocated to the airdrop. Eligible users can claim esPIKA starting Thursday, June 22nd, which will then be vested for 1 year. The airdrop includes 19,144 eligible wallets across all three versions of Pika Protocol. LPs with negative PnL from V2 positions are allocated 3.25 esPIKA per $1 loss. 11% of Pika’s total supply has been allocated for airdrops, of which 4.8 million esPIKA remains available for future airdrops. PIKA is currently trading for $0.37 a token.

Etherscan Releases AI-Powered Code Reader

Etherscan released a code reader, an AI-powered tool for reading smart contract source code. The tool allows users to paste a contract address, select a contract file, and write a prompt for an AI-generated response. Users can evaluate what a specific contract does, retrieve a list of contract functions, and discover contract integration instructions. Code Reader automatically fetches files and source code associated with a smart contract. Access to an OpenAI API is required to use the tool. Etherscan advises users to always verify response accuracy and avoid using them exclusively as evidence for bug bounty submissions. Code Reader is in beta and only supports only one-off prompts.

DAI Savings Rate (DSR) Increases To 3.49%

MakerDAO parameter changes, including a 2.49% increase to the DAI Savings Rate (DSR), are now live. Last week, Maker Governance approved an executive vote to increase the DSR to 3.49%, reduce the Paxos Dallar PSM debt ceiling to 0 DAI, and increase stability fees across ETH, wstETH, rETH, and wBTC vaults. The changes follow the higher rates of U.S. Treasury Bills, which currently yield about 5% for 1-year bonds. The yield paid to DSR depositors is generated from the protocol’s stability fee for Collateral Debt Positions (CDP). Over 124 million DAI is currently deposited in the DSR contract, an increase of 21.5 million DAI over the past week.

L2Beat Integrates Rollup Stages

L2Beat, a Layer 2 analytics platform, integrated Vitalik's rollup trust framework for ranking L2 rollups by maturity, allowing users to track the stage (0, 1, or 2) of a rollup on l2beat.com. In Stage 0, a rollup has full training wheels, all onchain transactions, and a rollup full node, but lacks an active fraud-proof or validity-proof system. Stage 1 involves limited training wheels, including fraud-proof or validity-proof schemes, with a multi-sig-based override mechanism. Stage 2 represents a rollup with no training wheels, where the security council cannot alter the code output if no bugs are discovered. L2Beat notes that these stages evaluate maturity and do not reflect the security of a rollup.

Ticket Applications Open For Protocol Berg

Ticket applications are now open for Protocol Berg, a one-day conference dedicated to protocol research, decentralized infrastructure, and core-developer experience. Protocol Berg does not have any sponsors, is free to attend, and will distribute tickets on a first-come first-serve basis. The event will take place on September 15th in Kreuzberg, Berlin. The event is organized by ETHBerlin, previously known for its annual hackathon.

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