Sharing updates from the Vega ecosystem and sometimes slightly beyond. To chat, learn and discuss more, see a full list of resources on LinkTree.
Contents:
Fairground Dodgems Incentive #4 - APE Rebuy
Builders AMA #2 - Vega Capsule Deep Dive
Vega & Messari - Thread Series
Vega Japan - Messari & beyond
User Testing Market Research - Win Vega SWAG
Time for a goodbye - Best wishes Arne
Get liquidated again? Tell me about it 🤠 Here’s the latest at Vega:
1. APE REBUY: LIQUIDATIONS & TOP-UPS 🍌🤓
The crypto market has been pretty unforgiving lately, so last week, Vega’s fairground was a place where anyone could hit the reset button after being wiped out.
An APEcoin trading incentive ran on Vega’s fairground, where participants that were wiped out or liquidated were allowed to re-enter the incentive after adding some assets back into their account. And true to form… there was lots of trading, there were in fact many wipeouts and many people loading up with assets and trying again.
The community has been getting stuck into trading incentives on different markets in Vega’s fairground. But there are also new types of incentives in the works, designed to educate the community and test different aspects of the protocol. All that to come!
2. Builders AMA #2 - Vega Capsule Deep Dive 🧰 💊
The Builders Club hosted the 2nd of their semi-regular Discord series alongside Core Engineering! The AMA is a chance to chat directly with Core Engineering on the exciting features that are in the pipeline for testnet (and eventually mainnet). This one took place on Tuesday 24th, 6PM GMT+1 and focused on the yet to be publicly discussed - Vega Capsule.
Vega Capsule is a reference to Dragon Ball Z:
Capsules (カプセル Kapuseru), also known as DynoCaps or Hoi-Poi Capsules (ホイポイカプセル Hoipoi Kapuseru), were created by Dr. Brief of the Capsule Corporation, for the purpose of making objects compact and easy to transport.
Effectively, Capsule allows potential Market Makers, Liquidity Providers, or general users to run a complete Vega Protocol network locally. This allows would-be Market Makers to test the process of market creation and associated strategies whilst simulating the blockchain-endemic features like governance voting (basically, you skip all the slow stuff and just run the tests you need). With Capsule, the community will have a far easier time onboarding onto the network and trialling real money strategies without having to go in naked. As mentioned above, the Builders conducted a full AMA on this topic, it’ll be on the Vega Social Channels in the near future!
The next Builders AMA is right after the next Community Call - June 7th, 6pm GMT+1
3. Vega & Messari - Thread Series 🐣
A couple of weeks ago Messari published: ‘Vega Protocol: An Appchain for Trading Derivatives’ - after ramifying through crypto Twitter, Messari’s article presented an opportunity to further educate and evangelise some of the characteristics of Vega.
As Vega works towards the launch of Alpha Mainnet and given the turbulent macro-environment, Perception at Vega found it essential to keep fostering Vega’s unique characteristics. The thread series, based on the Messari piece, launched last Friday, starting with Vega’s Network Architecture:
The 2nd thread was based on ‘Markets, Liquidity & Market Making’
The 3rd thread focuses on Vega's ‘Trading, Collateral & Settlement’
Two more will be out next week! If you haven’t read it already, enjoy Messari’s take on Vega → Here ←
4. Vega Japan - Shout Out & Global Outlook 🗻 🇯🇵
One of Vega’s long-term goals is to allow anyone, anywhere to contribute to the creation of permissionless markets. One of the goals of the Vega+ Ambassador Program is to empower local communities to form around market creation. This is the purpose of the Multilingual League, a sub-group within Vega+.
The Vega Japan Twitter account was introduced in May 2021, and it currently aims to propagate Vega’s mission and work, and ultimately reduce the barriers to entry for the Japanese community.
Communicating Messari’s article with the Japanese community sets a good precedent but there is still more to do. As Vega+ matures and Vega enters a later stage of growth, the focus will shift to translations, local communities and other things to increase the reach of the project.
5. User Testing Market Research - Win Vega SWAG 🤩
You read that right! Vega is giving away some of the sweet swag that first appeared during ETHDenver (February 2022). Help the project by completing some quick Market Research and you’ll be within a chance of winning a Vega Hoodie, Backpack, or maybe BOTH?!
→ PARTICIPATE HERE ←
6. Time for a goodbye - Best wishes Arne! 👋
Vega’s Community Lead Arne is moving from Vega 🥲 to pursue other opportunities in the vast open space that is our world. The former community voice will be using his analytical abilities within the Poker Community (he was a former heavyweight ♣️) to combat fraud within his new organisation. He’ll still be hanging around on the Vega Discord, but as a community member now, so do reach out to him if you’d like to learn more about what’s next for this curious individual.
And from the Vega Community Team, thank you Arne for leading so well whilst we had you here. The new Community Team is now run in a council-like manner - so whilst there is no new Team Lead, the team is in better shape than ever.
Please hold whilst we evolve into a new DAO-esque super machine 🤖
👉 We keep moving forwards; one block at a time 👉
- Daigan 🍊 + Edo 🥝 + Sunny 🌞