# NFTFi Weekly #5 *Tensor surpassing Magic Eden trading volume, Astaria close beta, Wasabi mainnet launch, and more* By [Vamient.xyz](https://paragraph.com/@vamient-labs) · 2023-05-06 tensor, astaria, tribe3, wasabi, hook, arcade, magiceden, caviar, abacus, blend, nftfi --- * **Tensor surpassed Magic Eden in trading volume on Solana** [![User Avatar](https://pbs.twimg.com/profile_images/1570907127287259136/qujno7O4_normal.jpg)](https://twitter.com/tensor_hq) [Tensor | Pro NFT Trading 📈⚡️](https://twitter.com/tensor_hq) [@tensor\_hq](https://twitter.com/tensor_hq) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/tensor_hq/status/1651089667524026371) #1 marketplace ![🎉](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f389.png) Thank you [@solana](https://twitter.com/solana) community for believing in us. Here’s to making Solana the #1 chain for NFTs! ![](https://pbs.twimg.com/media/FunZTTHXsAAlkg_.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 2,213](https://twitter.com/tensor_hq/status/1651089667524026371)[ 12:03 • 26 Apr 2023 ](https://twitter.com/tensor_hq/status/1651089667524026371) On April 26th, **Tensor** has surpassed Magic Eden in 24-hour trading volume on Solana, marking the first time Tensor has achieved this since its launch. One of the factors that contributed to this growth is the launch of the Mad Lads collection and Tensor Mad Lads rewards program - in which Tensor gave back 100% of trading fees in the first 3 months on Mad Lads to users as raffle tickets. * **Astaria released Close Beta** [![User Avatar](https://pbs.twimg.com/profile_images/1605735419731005441/MYO7BZwO_normal.jpg)](https://twitter.com/AstariaXYZ) [Astaria](https://twitter.com/AstariaXYZ) [@AstariaXYZ](https://twitter.com/AstariaXYZ) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/AstariaXYZ/status/1651677213215817728) 1/ ![🚀](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f680.png) Introducing the Astaria closed beta – now live on [astaria.xyz](https://t.co/h44ltfxI9y) for whitelisted $LSD NFT holders. Get ready for a revolution in NFT lending! [ ![](https://pbs.twimg.com/card_img/1651677215799623680/oIeo8gSM?format=jpg&name=800x320_1) medium.com Introducing Astaria’s Beta Launch: A New Era in NFT Lending Awaits ------------------------------------------------------------------ Astaria Beta Launch ](https://t.co/T9EVqoDLmi) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 123](https://twitter.com/AstariaXYZ/status/1651677213215817728)[ 2:58 • 28 Apr 2023 ](https://twitter.com/AstariaXYZ/status/1651677213215817728) Following up on [NFTfi Weekly #4](https://paragraph.xyz/@vamient-labs/nftfi-weekly-4), **Astaria** has launched its Closed Beta of their highly-awaited NFT lending protocol. During this Closed Beta, holders of the LSD NFT can borrow up to 0.1 ETH against their token. If you want to own an LSD NFT and participate in this closed beta, you can reach out to the team on Discord. Astaria has also intiated a fun competition called "Light side vs. Dark side" with the goal of collecting feedback from testers. For more information about the gameplay rules and how to participate, here's the [guide](https://docs.astaria.xyz/docs/guide/beta). * **Tribe3 announced fundraising** [![User Avatar](https://pbs.twimg.com/profile_images/1621109342375399424/UghiOZH7_normal.jpg)](https://twitter.com/Tribe3Official) [Tribe3 | Public Beta on 3rd May 🚀](https://twitter.com/Tribe3Official) [@Tribe3Official](https://twitter.com/Tribe3Official) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/Tribe3Official/status/1651551500840341504) 1/ Prior to our public beta launch on 3rd May, we are thrilled to announce that we have raised $2.1M to date to build Tribe3 ![🔥](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f525.png) Full details here![👇](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f447.png)[ ![](https://pbs.twimg.com/card_img/1651533853323038720/ERYNe7t2?format=jpg&name=600x600) mirror.xyz Tribe3 Secures US$2.1 million Funding ------------------------------------- Tribe3 Secures US$2.1 million Funding; Public Beta Launch on 3rd May 2023 ](https://t.co/nXTirOH4Qe) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 74](https://twitter.com/Tribe3Official/status/1651551500840341504)[ 18:38 • 27 Apr 2023 ](https://twitter.com/Tribe3Official/status/1651551500840341504) The NFT derivative landscape is heating up with a major funding announcement from **Tribe3** - an NFT perpetual DEX. On April 27th, they announced that they raised $2.1 million in their latest funding round, which included Spartan Group, Newman Capital, and Modular Capital,… They are now preparing to launch the mainnet on May 3rd (as covered on our last edition). * **Wasabi Protocol is now live on mainnet** [![User Avatar](https://pbs.twimg.com/profile_images/1608636536454520832/V9OELPK8_normal.jpg)](https://twitter.com/wasabi_protocol) [Wasabi 🟢](https://twitter.com/wasabi_protocol) [@wasabi\_protocol](https://twitter.com/wasabi_protocol) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/wasabi_protocol/status/1650182791324221442) ![📢](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f4e2.png)Wasabi Protocol Mainnet is LIVE![📢](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f4e2.png) The SPICIEST protocol is here and we’re launching our unique Points Program ![🌶️](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f336.png)![🥵](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f975.png) Who Will Be Rewarded ![🤔](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f914.png) ![🟢](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f7e2.png) Liquidity providers who deposit assets on the platform early ![🟢](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f7e2.png)Traders who interact with the protocol SZN I Announcement:… ![](https://pbs.twimg.com/media/FuaggIoXwAAmhZY.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 67](https://twitter.com/wasabi_protocol/status/1650182791324221442)[ 0:00 • 24 Apr 2023 ](https://twitter.com/wasabi_protocol/status/1650182791324221442) [Wasabi Pass](https://opensea.io/collection/wasabi-pass) owners can access this private mainnet. Additionally, the **Wasabi Protocol** has launched an incentive program that calculates rewards based on Referral and Early Bird Bonuses, Trading options, and Providing liquidity. For more information, please visit this link: [https://mirror.xyz/wasabixyz.eth/m0etGMwZ88XR4WN\_HNENhyhjmaufydJ1wXxEolFFVjY](https://mirror.xyz/wasabixyz.eth/m0etGMwZ88XR4WN_HNENhyhjmaufydJ1wXxEolFFVjY). * **Hook Protocol introduced vBid** [![User Avatar](https://pbs.twimg.com/profile_images/1546537950703386625/DVGINeUm_normal.jpg)](https://twitter.com/HookProtocol) [Hook Protocol](https://twitter.com/HookProtocol) [@HookProtocol](https://twitter.com/HookProtocol) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/HookProtocol/status/1651663359731724289) 1/ Today, we’re excited to preview vBids, a simpler way to bid on options. Here’s why we built them ![👇](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f447.png) [ ![](https://pbs.twimg.com/card_img/1651662657043177524/l0v2X5W6?format=jpg&name=800x320_1) blog.hook.xyz Introducing Volatility-Based Bids --------------------------------- Last week we shared the audit report for an upcoming product - volatility-based bids or vBids. vBids are a new bid type that make it much easier to participate in Hook’s option market. While we... ](https://t.co/OYNDjhXdDQ) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 16](https://twitter.com/HookProtocol/status/1651663359731724289)[ 2:03 • 28 Apr 2023 ](https://twitter.com/HookProtocol/status/1651663359731724289) **Hook Protocol** - a premier NFT option protocol - has published their introductory blog post about their upcoming product Volatility-Based Bids (vBid). vBid is a new way for traders to bid on options. With vBid, traders no longer need to constantly make, update, and cancel bids as time passes. Instead, option traders only need to create a bid with a specific implied volatility, and the protocol will automatically calculate the option's price in real-time and purchase it if the implied volatility for the bid is met. This feature will be released in May. * **Arcade released email notifications alert** [![User Avatar](https://pbs.twimg.com/profile_images/1574766893398986754/duo7XjqS_normal.jpg)](https://twitter.com/Arcade_xyz) [Arcade.xyz](https://twitter.com/Arcade_xyz) [@Arcade\_xyz](https://twitter.com/Arcade_xyz) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/Arcade_xyz/status/1652043747243204626) // New Feature Update Email notifications for lending & borrowing events are now live on [Arcade.xyz](https://t.co/hxS1y4ia3w). You can turn on email notifications under the settings tab in your Arcade profile. More notifications settings & events triggers are coming. ![](https://pbs.twimg.com/ext_tw_video_thumb/1652043359152644119/pu/img/ySwdUpLP974qxD3A.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 19](https://twitter.com/Arcade_xyz/status/1652043747243204626)[ 3:14 • 29 Apr 2023 ](https://twitter.com/Arcade_xyz/status/1652043747243204626) **Arcade** now offers email notifications for lending and borrowing events. Users can go to their Arcade profile and set up their email. More notification settings and event triggers will be available soon. * **Introducing Magic Eden AMM** [![User Avatar](https://pbs.twimg.com/profile_images/1608832132448948224/VZwAgvrL_normal.jpg)](https://twitter.com/MagicEden) [Magic Eden 🪄](https://twitter.com/MagicEden) [@MagicEden](https://twitter.com/MagicEden) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/MagicEden/status/1651700049083252736) ![📢](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f4e2.png) Hey Solana ![👋](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f44b.png) Announcing: our Magic Eden AMM! ![✅](https://twemoji.maxcdn.com/v/14.0.2/72x72/2705.png) 0 MAKER FEES til further notice ![✅](https://twemoji.maxcdn.com/v/14.0.2/72x72/2705.png) 1.3X FEE MULTIPLIER on all liquidity pools ($50K prize pool)! ![✅](https://twemoji.maxcdn.com/v/14.0.2/72x72/2705.png) Something special: set up liquidity pools by NFT TRAITS Set up buy / sell or double-sided pools today! ![](https://pbs.twimg.com/ext_tw_video_thumb/1651700018347405312/pu/img/lyx-8ffcSJbyJtF1.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 507](https://twitter.com/MagicEden/status/1651700049083252736)[ 4:29 • 28 Apr 2023 ](https://twitter.com/MagicEden/status/1651700049083252736) **Magic Eden** \- a renowned multi-chain NFT marketplace - has released Magic Eden AMM, an automated market maker (AMM) for trading non-fungible tokens (NFTs) with customizable bonding curves. The AMM will be released on Solana as of now. Users can now create buy and sell side LPs or provide liquidity on both sides to earn yield as well as extra rewards from Magic Eden. * **Caviar partnership with Abacus** [![User Avatar](https://pbs.twimg.com/profile_images/1614830003945967616/aNkxBuL0_normal.jpg)](https://twitter.com/caviarAMM) [Caviar](https://twitter.com/caviarAMM) [@caviarAMM](https://twitter.com/caviarAMM) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/caviarAMM/status/1650907564874383364) Infinite composability is one of the biggest value propositions of NFTfi, and Caviar has been built with this in mind. With [@abacus\_wtf](https://twitter.com/abacus_wtf) you will soon be able to borrow against your Caviar LP position to further increase capital efficiency and potential yield farming gains. 1/9 ![](https://pbs.twimg.com/media/FukzrV8XsAIAnf8.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 44](https://twitter.com/caviarAMM/status/1650907564874383364)[ 0:00 • 26 Apr 2023 ](https://twitter.com/caviarAMM/status/1650907564874383364) With the release of **Abacus** v1.1, users can now use **Caviar** LP positions as collateral on Abacus to leverage their position exposure. This partnership would open up more opportunities for users to maximize their capital efficiency. * **Introducing NFTfi Rewards** [![User Avatar](https://pbs.twimg.com/profile_images/1544244257845829632/FUNQi6tZ_normal.jpg)](https://twitter.com/NFTfi) [NFTfi.com](https://twitter.com/NFTfi) [@NFTfi](https://twitter.com/NFTfi) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/NFTfi/status/1650847633819197448) Introducing NFTfi Rewards: The loyalty program for NFT lovers NFTfi OGs, your reward point balances are LIVE NOW. Secure them within 21 days ![⏰](https://twemoji.maxcdn.com/v/14.0.2/72x72/23f0.png) And if you have never used NFTfi, now may be a great time to get started. 1/5 ![](https://pbs.twimg.com/media/Fuj4JdfX0AEnHOU.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 384](https://twitter.com/NFTfi/status/1650847633819197448)[ 20:02 • 25 Apr 2023 ](https://twitter.com/NFTfi/status/1650847633819197448) Since its launch 2 years ago, **NFTfi** has achieved approximately $400 million in loan volume. Eligible borrowers and lenders can now participate in NFTfi Rewards. By lending or borrowing on NFTfi, users can earn non-transferable reward points that may be redeemed for rewards in the future. The first earning season will begin on May 15th. If you used **NFTfi** before [the snapshot day](https://nftfi.com/blog/snapshot-taken/?utm_medium=social&utm_source=twitter&utm_campaign=nftfisummer&utm_content=snapshot), you must lend or borrow on **NFTfi** before May 15th to secure OG points. * **Introducing Blend** [![User Avatar](https://pbs.twimg.com/profile_images/1518705644450291713/X2FLVDdn_normal.jpg)](https://twitter.com/blur_io) [Blur](https://twitter.com/blur_io) [@blur\_io](https://twitter.com/blur_io) [![Twitter Logo](https://paragraph.xyz/editor/twitter/logo.png)](https://twitter.com/blur_io/status/1653051809240604674) 1/ Introducing Blend: the Peer-to-Peer Perpetual Lending Protocol for NFTs. Built in collaboration with [@danrobinson](https://twitter.com/danrobinson) and [@transmissions11](https://twitter.com/transmissions11) at [@paradigm](https://twitter.com/paradigm), Blend enables 10x higher yield opportunities than current DeFi protocols and unlocks greater liquidity for NFTs. Here’s how ![👇](https://twemoji.maxcdn.com/v/14.0.2/72x72/1f447.png) ![](https://pbs.twimg.com/media/FvDR27daYAEdQDs.jpg) [![Like Icon](https://paragraph.xyz/editor/twitter/heart.png) 3,089](https://twitter.com/blur_io/status/1653051809240604674)[ 22:00 • 1 May 2023 ](https://twitter.com/blur_io/status/1653051809240604674) Blend is a peer-to-peer perpetual lending protocol for NFTs introduced by everyone's favorite Ethereum-based NFT trading platform/aggregator **Blur**. On Blend, there are no oracles or expiration dates, and the interest rate is decided by the market. The Blur team also bootstraps Blend by incentivizing Lending Point. For more information about incentive program, please follow this link: [https://mirror.xyz/blurdao.eth/LLhgasyLS8m-MgtZGslvbMoajlFjKbVGsHc9nASfXb0](https://mirror.xyz/blurdao.eth/LLhgasyLS8m-MgtZGslvbMoajlFjKbVGsHc9nASfXb0). --- *Originally published on [Vamient.xyz](https://paragraph.com/@vamient-labs/nftfi-weekly-5)*