What are the new trends in DeFi mining, "rug" pulling, and Solana memes?

By: blockbeats|2024/12/02 18:30:02

In the second half of the meme track, in addition to PvP on Sol and NFT farming on Base Virtual, meme gameplay has also been updated with more diverse strategies. Repump has started to recycle "junk" memecoins, and Farmer memes are attracting users to provide liquidity with high APR. Funds from the meme track are gradually overflowing into services and narratives around the main meme storyline.

Repump: On-Chain "Flippening" Launch

With Pump.fun bringing forth a new narrative of on-chain asset issuance, although memecoins have experienced a significant pump and dump, the true gem is still as rare as a phoenix's feather. It wasn't until after the feast that people realized the oversupply of memecoins in the market, and even the research-oriented P-geniuses jokingly refer to themselves as "trash pickers."

Repump's product design aligns closely with this "flippening." Due to the rampant issuance of assets, many stagnant tokens are not being circulated effectively. Repump can activate the liquidity of shit memecoins. Users can burn surplus memecoins by sending them to Repump's contract for destruction. After destruction, users can participate in the corresponding destruction points redemption event, where these points can be used to claim a new token called "Super Monster."

It is worth noting that the redemption points received are only related to the value of the burned tokens, not the quantity. They are also related to the total value in the burning pool. The "Super Monster" received by users in the end will be calculated based on the user's personal burned value divided by the total value in the burning pool.

According to Repump's official Twitter, in just 3 hours after the launch of the second phase, over 700 players burned more than 3000 memecoins, with a total value exceeding $122 million.

What are the new trends in DeFi mining,

Currently, the top 10 burned tokens on Repump are: $PNUT (33.31%), (11.67%), $RIF (9.68%), $SCIHUB (2.11%), $WIF (1.77%), $ACT (1.51%), $SSS (1.31%), $NuCouché (1.3%), and $Riemann (1.28%). Other tokens account for 33.45% of the total burned amount. It's important to note that the points reward can only be claimed after the Burn phase.

The platform token Goose of Repump has also started its main uptrend, steadily rising since its launch, following the path of making higher highs and lower lows. Currently, its market cap is stable at around 10 million US dollars, with trading volume fluctuating around 800,000. The platform token Goose will also undergo empowerment in the future.

Farmer meme: MemeFi's 3-Day 50x

X Blogger LSP achieved a 50x return in 3 days through the KACY/SOL pool on November 30. He earned fees from the KACY and SOL pool, then after 12 hours, reinvested the earned transaction fees (30 SOL and KACY equivalent to 50 SOL) for "re-staking". Despite KAYC's final fully diluted valuation dropping to 20M, he still obtained higher returns than simply holding the assets.

While some memecoins are prone to zeroing, as long as the trading volume is high enough, liquidity providers (LPs) can still earn generous profits through fees. The preferred entry point for Farmer meme is still LPs with a higher APR. Farmer meme adopts CLMM (Concentrated Liquidity Market Making) instead of AMM, where LPs specify the price range for which their liquidity is available for trading, and users need to manually set the range. Failure to adjust the price range promptly may result in significant impermanent loss.

However, it is worth noting that a portion of the ultimate reward is distributed in the form of the $BRRR token. $BRRR is the governance token of MEME Farmer, allowing users to participate in decision-making and ecosystem activities. The token can be obtained through LP farming, staking, and community contributions. Additionally, a 10% fee is charged on harvested rewards (all tokens in the LP will be converted to SOL). 50% of the rewards will be used for $BRRR buyback and sent to the treasury address.

Early on, the high APR was partly due to the price increase of $BRRR being factored in, causing a certain selling pressure after "mining and dumping." Although there is a buyback plan for $BRRR later on, unfortunately, $BRRR has already started showing a "Christmas tree" pattern.

It is also important to note that the project has not yet gone through a smart contract audit and therefore has some security vulnerabilities.

The market has voted with its feet for this round of the "meme super cycle" mainstream narrative. While there are still many voices spreading FUD about these projects, as the memecoin craze cools down, these new meme track gameplay styles can also be seen as a new "light at the end of the tunnel."

*This article does not contain any investment advice. The mentioned projects are still in their early stages, so readers should be aware of the security risks associated with investing.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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