SERIO

Development update 🎚️ Progress continues at a strong pace. The volatility (mean reversion) strategy is now live in our testing environment, along with the required market data systems. Users will be able to configure bots to buy or sell when price deviates from a tuneable recent moving average by a chosen percentage. The DCA strategy is also implemented in the testing environment with standard configurability. The cross-dex arbitrage strategy is pending implementation, awaiting integration with Surge's second DEX, SundaeSwap. Backtesting is in progress and will use multi year Cardano data. It will include chart visualizations with buy and sell points, trade sizes, and PnL. This will be integrated with all new strategies. More platform content, including live testing, will be released this week. Thanks to everyone for the support and feedback.

We are always innovating at IOG. In 2024, we introduced Wolf Mode. I'm proud to announce McMode for 2026

There’s been a lot of excitement since the announcement that USDCx is coming to Cardano, but there has also been a ton of misinformation that I would like to address. Misinformation is prefixed by “>” > “You won’t be able to directly sell your USDCx on CEXs! You will have to get an Ethereum wallet and have ETH then bridge to your wallet and do a transaction on Ethereum to send it to the CEX.” This is incorrect. You will not need Metamask or any other self-custody Ethereum wallet to off-ramp. You can directly deposit USDCx into your USDC account on any CEX in a single Cardano transaction via the Cardano xReserve web-app. > USDCx is a scuffed non-canonical USDC, no one will use it or trust it. xReserve is a protocol deployed and managed by Circle. To trust USDC, you must trust Circle, and if you trust Circle then you trust xReserve. > USDCx will not be a Cardano native token, it will be a programmable token with clawbacks; or it will be only issued on side-chains. USDCx will launch directly on Cardano as a Cardano native token; it is not a programmable token. USDCx represents a huge step forward for the ecosystem, a huge partnership with Circle.

The Cardano Treasury - A New Revenue Source Surge introduces a novel source of funding and sustainability for the Cardano Treasury. Open discussion, these are our thoughts: Surge is inherently transaction heavy, as yield targeting operation relies exclusively on the execution of calculated on-chain asset movements. If users' assets in their Surge accounts are not being transacted, they are not making any yield. This is different from traditional liquidity provision on DEXs and other DeFi protocols, where assets generate yield independent of their degree of mobility. Surge's asset deployment model puts inherent economic pressure on transaction execution, all the way to the upper limit of this pressure which is net zero trade profitability, within which there are abundant trade opportunities in Cardano DeFi. Treasury revenue is linearly correlated to transaction quantity, therefore on-chain tx count is a suitable metric for modeling. In numerical practice, the positive economic pressure on on-chain transaction quantity looks like this: A single Surge strategy run by a single Surge user on their personal computer can net over 1400 on-chain transactions per day, given capitalization of corresponding profitable trade opportunities. This single-user, single-strategy case alone equates to roughly 5% of Cardano's average daily transaction count and corresponding treasury revenue. At greater scale: With 25 active Surge users running strategies averaging 100 trades per day, the platform would generate 5,000 daily on-chain transactions and over 300,000 ADA per year in Cardano Treasury revenue. 250 users at 100 trades per day each would generate over 3 million ADA per year in Treasury revenue.

@follis_ I blame wintermute

Silver genuinely looks like some solana shitcoin Where the dev owns 60% of the supply And he just rugged

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the silver team needs to focus on UTILITY and address the community concerns down 5% and no response in the discord is unacceptable, where are the devs? this is a DISASTER the community is strong and behind the project, but we need PROGRESS

Development Update 🔧 Surge has been live on Mainnet for 10 days. So far, our community has provided valuable feedback. Amidst thousands of successful transactions, there have been issues with the app that we recognize and are addressing. We're moving to new blockchain data services that should clear up the majority of tx issues. In terms of strategy capabilities, our Pinescript interpreter is nearing completion. This will allow hundreds of financial trading algorithms to be deployable across Cardano DEXs and CNTs. The team is hard at work daily to get it done, and we will provide a timeline when we are confident of one. Thank you for the continued support and have a great end of the week 🫡

Mainnet day 1 in the books 📕 Since our mainnet launch less than 24 hours ago, Surge has already begun facilitating on-chain trades and generating revenue. Here are the stats so far: ▫️Over 1 Million ADA in DEX volume ▫️Over 1,000 ADA in Revenue ▫️Over 130 Unique Users ▫️Over 2,000 on-chain transactions 100% of this revenue will accumulate and be claimable by SURGE holders when our "holders page" goes live. Since launch, community feedback has been valuable and is already being addressed. We’re preparing expanded tutorials with in-depth guidance on common friction points, including strategy configuration, pair selection, and fund management. Protocol updates begin rolling out tomorrow, including the following features and fixes: ▫️Wallet upload default file type (JSON vs CSV) ▫️Balance-aware min/max trade size hints ▫️Verified tokens and visible token IDs ▫️Bug fixes and performance improvements ▫️Full fee breakdown (Surge, DEX/chain, LP) ▫️Improved portfolio balance-over-time chart Thanks everyone for the support and don't hesitate to keep the feedback rolling in. Let's have a great rest of the week 🫡

Best I can do $BTC

@ItsDave_ADA If at his point anyone touches anything from melon Is their fault tbh

Okay, this finally triggered me. I held out as long as I could… but yet another pointless token. No thanks. Just a quick recap: it started with SPX, then SPLASH, now DHX. Same pattern every time. New ticker, new narrative, same outcome. Value extraction, i'll say what everybody is thinking.

My son asked for an iPad for Christmas I said no “Son, tablets are closed-source walled gardens controlled by centralized corporations” Instead I gave him a Ledger He opened it with visible disgust Then something utterly shocking happened My wife’s CrossFit trainer Luca got him the iPad my son wanted “Games should be fun,” he said “Thank you Uncle Luca” my son hugged him for almost a minute I pulled my wife aside and explained that Luca is promoting platform-dependent consumption She mumbled “at least he got him a real gift” That night, while my son was asleep, I took the iPad and went to the store Thanks to a generous holiday return policy, I was able to get a full cash refund of $549 Then I bought a gift for my son that he truly deserves $549 worth of ETH When I came home my son was crying looking for his iPad I explained to my son that centralized hardware is temporary Self-custody is forever I showed him the receipt for the refund Then I took him to Etherscan to see the ETH on his Ledger He started crying and asked when he could play games I said “when the protocol matures” He started shaking and cried even more I smiled “Decentralization takes patience”

This year, USDM became the most used stablecoin on Surf, achieving 160k ADA in TVL and a 5% lending APY. While our initial efforts focused on dominating CNTs, Cardano stablecoins are our next major priority.

We crossed 70,000 ADA in rewards this staking period, and over 70% of all SURF tokens in circulation are now staked. They are both all-time highs. We’re now approaching 200,000 ADA distributed to SURF holders since launching 6 months ago.

iykyk 🫡

We’ve crossed 7M ADA in net deposits.

probably blame wintermute

The mining meta ⛏️

@Mrcryptoxwhale Done

If you go back and read about Tulip mania in 1637 you realize that the bubble was not in fact caused by irrational exuberance as historians have claimed, it was actually Wintermute