RaaS #585: Pump Launches $3M Hackathon!

MakinaFi Exploited for $4M, Twyne Goes Live on Aave, And Moar!

Pumpdotfun has just launched a $3M Build in Public Hackathon via Pump Fund. Twelve teams will receive $250K at a $10M valuation. Launch a token and build in public. To qualify, hold at least 10% of the supply and apply by Feb 18. First winners to be announced on Day 30.

X open-sourced its algorithm, and the takeaway is boring but decisive: consistency beats virality. The system learns who you are via author embeddings, rewards diverse engagement and sequential posting, and scores posts independently. Go narrow, post regularly, optimize for replies, and train your feed deliberately.

Didi executed the largest-ever slash on Ethos, accusing Wale Moca of taking $8K USDC for an undisclosed TROVE promo, now an eight-figure scam. 792 users flagged. Ethos’s credibility has passed the test.

MakinaFi exploited for $4.1M. ~1,299 ETH drained, with MEV builder front-running the hack. Stolen funds now split across two wallets holding $3.3M and $880K. Yet another reminder that onchain isn’t always trustless.

There are no content consumers, I love you!

Vitalik says we need more DAOs, but not the kind we’ve built. What we need: DAOs for oracles, lists, onchain disputes, maintenance, and rapid coordination, but with privacy (ZK), reduced fatigue (AI), and better comms infra.

Magic Eden commits 15% of revenue to ME stakers. With $24M in revenue in 2025, stakers could see 30% APY via USDC rewards and token buybacks. Revenue-sharing now anchors the ME ecosystem.

Meteora LPs can now claim Moonbirds SBTs on Solana. Anyone who provided liquidity via DLMM or DAMMv2 between Dec 1, 2025, and Jan 15, 2026, is eligible. Moonbirds, Mythics & Oddities holders also get one free SBT per NFT.

Your daily dose of bite-sized crypto news.

1. Starknet opens Re{define} Hackathon: $21.5K prizes for builds focused on Bitcoin, STARKs, privacy.

2. Circle & Coinbase back Bermuda’s USDC-powered onchain economy.

3. U.S. spot Bitcoin ETFs saw $395M in net outflows as U.S.–EU trade tensions resurfaced.

4. Ethereum staking hit an imbalance as the exit queue fell to zero while the entry queue climbed to 2.6M ETH.

5. Pudgy Penguins faced backlash in India after a X post sparked accusations of racism.

Raydium and BONKfun launch ‘Winners Arc’, $200K/week for top USD1 traders on Axiom. The top 50 by realized PnL earn direct rewards weekly. Just trade USD1 pairs, post profits, and climb the leaderboard. Solana’s USD1 season is here, and trenchers eat first.

Someone got slashed!

Top Gainers: RIVER, MEME, PLAY, MGO, FIRO.

High-signal reads are worth your time, all in one place.

1. Crypto payments are no longer fringe, with stablecoin volumes surging 83% YoY and $18B+ processed via crypto cards, merchants, and platforms are seeing real adoption. WalletConnect Pay meets this moment: one integration, any wallet or asset, fully PSP-compatible.

2. Pendle is replacing vePENDLE with sPENDLE, liquid, yield-bearing, and 14-day unstakes. Rewards come via PENDLE buybacks, and emissions get auto-allocated. vePENDLE holders get up to 4x boosts. Snapshot on Jan 29.

3. Zama staking is live with 18 operators, 2 roles, and fairer rewards via square root staking. ZAMA is burned for usage and minted for node rewards (5% annual). Staking is split 40/60 between FHE and KMS nodes. Delegators earn LSTs with a 7-day unbond.

4. Polygon’s Open Money Stack is live, a single integration for end-to-end onchain payments. With Coinme and Sequence it connects fiat ramps, wallets, routing, and settlement across 50+ chains. A modular, reliable stack for global money movement.

5. The CLARITY Act protects banks by banning yield on stablecoins. It’s a defense of the low-rate model as users flee 0.01% APY for 4%+ stablecoin returns. Like Regulation Q in the ’70s, policy is lagging behind consumer preference. The tech is ready, the incumbents aren’t.

6. Tribes aren’t the problem; getting trapped in them is. Truth seekers pursue clarity and transparency. Power seekers chase control. The unaware react emotionally and stay stuck. You may have more in common with your so-called rival than with those claiming to lead you.

Trump’s tariff playbook is back, and Greenland’s in the crosshairs. New EU tariffs start at 10% on Feb 1, escalating to 25% by June unless Denmark agrees to sell Greenland. Markets typically follow a set pattern: panic selloff, dip buy, then deal headlines. Traders who’ve studied this sequence before are already positioned.

Twyne is now live on Aave. Boost your LT, buffer risk, or loop harder. Borrowers can pay a fee to raise their Liquidation Threshold (e.g., from 80% to 95%) by tapping into idle lender credit. Lenders earn extra yield, borrowers get more safety or leverage.

That’s all for today!