A high-rolling Ethereum trader who is known in the industry for his immense trove of ERC20 tokens is giving away hundreds of thousands of dollars worth of crypto assets.
In a new tweetstorm, the pseudonymous trader known as 0x_b1 reveals why he’s giving back to the decentralized finance (DeFi) community.
[adinserter block="1"]“Without the people, there is no DeFi.
We are champions of the people of DeFi, announce opening the 2021 year with a celebratory series of games commemorating the true year of DeFi, the year of the Ox, and the year of 0x_b1.
With gratitude,
Let the games begin!”
0x_b1 is launching a commemorative non-fungible token competition (NFT) where participants are urged to create NFTs that celebrate the trader’s participation in various DeFi platforms including on-chain liquidity underwriter KeeperDAO (ROOK), DeFi-backed governance token for Chainlink (LINK) holders YF Link (YFL), yield aggregator yAxis (YAX), decentralized exchange Uniswap (UNI), Uniswap competitor 1inch, and Badger DAO’s DIGG.
0x_b1 is giving away $150,000 worth of tokens being commemorated.
In addition, the Ethereum whale is donating 500 YFL tokens worth $378,580 to extend the Linkswap YFL/ETH liquidity pool incentive for over one and a half months beyond its end date. 0x_b1 notes that his donation covers nearly double the current YFL/ETH rewards.
The trader is also giving away 5,000 YAX tokens worth $58,400 to bump the prize pool of the project’s Metavault Strategies Hackathon.
0x_b1 is donating half of his Badger DAO DIGG airdrop to three developers as well.
In total, 0x_b1 is shelling out about $450,000 in DeFi assets excluding the DIGG airdrop donation as its exact value is currently unknown.
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Featured Image: Shutterstock/Dai Mar Tamarack
