By Tobi Loba
An Ethereum whale and trader who is known in the cryptocurrency industry for his mammoth trove of ERC20 tokens is giving away hundreds of thousands of dollars worth of digital assets.
In a series of tweets, the pseudonymous trader known as 0x_b1 Twitter, reveals why he decided to give back to the decentralized finance (DeFi) community.
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He tweeted, “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.
The trader 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 0x_b1 is also giving away 5,000 YAX tokens worth $58,400 to bump the prize pool of the project’s Metavault Strategies Hackathon.
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The trader 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.