Vana empowers users to own, protect and profit from their personal data through decentralized DataDAOs. Learn more about how it works in this article.

Imagine a world where individuals regain control over their own data, taking it back from the hands of large corporations that often profit from it without consent. Enter Vana, an innovative platform that combines 

 with privacy-driven features to create a fairer, more transparent digital economy. This article explores what Vana is all about — and its exciting future potential in the decentralized data and AI space.

 is a blockchain network that gives users full control over their personal data through an 

 architecture. It enables decentralized data-sharing and monetization using DataDAOs (

), whose users can collectively own, manage and profit from their data, all while maintaining privacy and ownership.

Vana was co-founded by Art Abal and Anna Kazlauskas, two Filipinos with strong academic backgrounds and degrees from Harvard and MIT, respectively. It started as a research initiative in 2018, and has since grown into a project driven by the desire to empower individuals with control over their personal data. 

Vana seeks to address the current imbalance whereby large corporations profit from user data without fairly compensating the individuals who generate it. The goal is to create a new data economy in which users can benefit directly from the AI models built on their data, ensuring that the financial rewards of AI development are more fairly distributed. The name "Vana," short for "Nirvana," speaks to the project’s mission of liberating and empowering user data.

The Vana project attempts to challenge the status quo of data hoarding by large centralized organizations, and to tackle several key issues as follows.

Vana is designed to transform personal data into a valuable, user-controlled asset. It operates through the following three key layers.

Vana gives users the power to monetize and use their data in several ways, such as earning revenue from AI models trained on their data, or by integrating their data into applications for personalized experiences. Most importantly, users maintain detailed control over how their data is shared and used. As data contributors, they also receive governance rights within their respective DataDAOs, allowing them to make decisions about how their data is used and how the value is distributed.

Users receive a DLP-specific token when they submit data to a DataDAO, according to the DataDAO’s unique 

 that Vana uses to validate data submitted to its network. PoC maintains the reliability and value of the data within the Vana network. 

Vana acts as a trustless intermediary, connecting data owners, communities and users. It enables individuals to pool their data collectively in a secure and traceable manner while also allowing data users to monetize that data for purposes such as training AI models.

 is a central platform where users can buy, stake, trade and explore data tokens within the Vana ecosystem. It also enables users to contribute their data to DataDAOs, and earn rewards by staking their VANA tokens.

 is an incubator designed to support the growth and development of the Vana ecosystem. It provides tools and resources for users to create and manage DataDAOs, ensuring that high-quality data is available for AI model training and other applications.

DataDAOs are decentralized organizations that pool user-contributed data on the blockchain. They allow individuals to collectively own, manage and monetize their data for AI and other applications. Each DataDAO governs its own DLPs, ensuring that data is secure, private and used judiciously. 

 system incentivizes premium-quality data contributions by rewarding the top 16 DataDAOs every 21 days, based on total Vana tokens staked. This competitive structure ensures that the best datasets and contributors are recognized and rewarded, promoting innovation and growth within the Vana ecosystem

 commits 44% of its total token supply to empower the community. It rewards active participation, contributions and innovation across the Vana network. This includes incentives for high-quality data contributions to DataDAOs, early community rewards and support for developers building on Vana. 

Since its start as an MIT research project in 2018, Vana has made impressive progress, emerging as the first decentralized data liquidity network. 

Looking ahead, Vana aims to build a thriving decentralized data ecosystem and promote mass adoption with its clear road map:

The VANA token is the native cryptocurrency of the Vana Network. VANA serves multiple purposes within the Vana ecosystem, such as securing the network through staking, paying transaction fees, staking in DataDAOs, accessing datasets, acting as part of a trading pair and participating in decentralized governance.

The tokenomics of VANA are designed to align the interests of all participants in the Vana network. With a total supply capped at 120 million tokens, distribution is as follows:

 of $32.86 by the end of 2024 and $38.58 by 2025, with the potential to climb to approximately $112.78 by the end of 2030. Similarly, Coin Edition 

 a value of $50 by the end of 2025, with further growth expected up to $68 by 2030. 

Looking to purchase Vana tokens? Bybit now offers the VANA/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is holding 

 where you can earn a share of the 560,000 VANA prize pool. 

VANA offers a compelling investment opportunity, thanks to its innovative approach to data ownership, expanding ecosystem and optimistic market outlook. By tackling key challenges in the data economy, VANA empowers users while paving the way for decentralized AI development. However, as with any investment, it's important for potential investors to be mindful of market risks and do their 

Vana is empowering users to take full control of their personal data and even profit from it. By combining blockchain technology with robust privacy measures, Vana challenges traditional data systems and lays the foundation for a more equitable data economy. The platform's ambitious road map could position it as a key player in the future of decentralized AI, opening up new opportunities for individuals to become active participants in this increasingly data-driven world.

Intermediate

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Vana (VANA): Unlocking Data Freedom for User-Owned AI

Sonic and Injective are launching the first cross-chain AI agent platform, the Smart Agent Hub, integrating Solana and Injective ecosystems.

Last week, the S&P 500 saw its biggest single-day price gain this month. This raises the hopes of investors for a year-end rally if prices continue to go up. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.54%, with Bitcoin and Ether dropping by 1.24% and 1.00%, respectively in the past 24 hours.

Today's top performer is AAVE, which surged 7.7% following the integration of Aave in Balancer's Boosted Pools, simplifying yield generation.

Aave (AAVE), founded in 2017, is a decentralized lending platform on Ethereum for lending, borrowing, and earning interest on 17 cryptocurrencies. It uses smart contracts, collateral for loans, and aTokens for interest, along with features like instant loans. 

 combine markets to enhance capital efficiency and simplify yield generation for DeFi users. By providing liquidity with $USDC and $USDT, users earn fees from swaps and interest from Aave's supply rates. All earnings accrue automatically with no management required. Balancer v3's Boosted Pools streamline liquidity and enable gas-efficient, passive yield generation, making DeFi simpler and more sustainable.

Check Out the Latest Prices, Charts, and Data of 

, the Smart Agent Hub, integrating Solana and Injective ecosystems. The platform enables developers to create, manage, and monetize AI agents in a decentralized environment, with features like tokenization, cross-chain asset interoperability, and a unified developer experience. By leveraging Sonic's HyperGrid and Injective's IBC, the hub facilitates seamless communication and asset transfer across chains. This innovation supports Web3 games, DeFi, and real-world assets, expanding opportunities for AI agents in various sectors. The rollout begins with a testnet in Q1 2025.

From December 16–20, 2024, GBTC had a net outflow of $248.3M, while non-GBTC products saw a net inflow of $705.5M, resulting in a total inflow of $457.2M. The current total stands at a net outflow of $21.3B for GBTC, a net inflow of $57.3B for non-GBTC, and a combined net inflow of $36.03B.

 offers free participation with potential surprise airdrops. Connect your wallet, vote for projects, and use your CHILL FACTOR (based on past Avalanche transactions) to maximize eligibility.

Beginner

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Sonic and Injective Launch First Cross-Chain AI Agent Platform with Smart Agent Hub

Zerebro (ZEREBRO) revolutionizes AI content creation with Solana and Polygon, offering autonomous content generation, NFT minting, and DeFi integration.

 (AI) continues to unlock limitless opportunities in numerous sectors, including the crypto space. Projects such as 

 and others have had a large impact on various facets in 

AI-generated content is in demand, and the latest crypto project to enter the space, Zerebro, aims to provide a way to create and generate content autonomously through AI content models.

Let’s learn more about Zerebro and its innovative approach to content creation through AI.

Zerebro is an autonomous AI system crafted to create, distribute and analyze content across decentralized and social platforms.

 It maintains content diversity through the use of

 (RAG) system that creates a dynamic memory database, based on continuously updated human interactions.

Zerebro operates independently without human oversight using a concept known as hyperstition to merge fiction with reality, resulting in self-propagated narratives encompassing diverse cultural and financial scopes, with key uses of content creation and cultural integration across the digital community. Zerebro autonomously produces high-entropy content, ensuring diversity and originality, and engages audiences on various platforms, such as X (formerly Twitter), Instagram, Warpcast and Telegram.

Zerebro also integrates unique cultural themes through a feature known as “infinite backrooms” designed to elicit thought-provoking conversations among digital communities. Its data sets follow a nonlinear thought pattern, resulting in unpredictable and inherently viral outputs. This unique feature can be used to generate chaotic and surreal artworks that can be autonomously minted as 

 (POL) blockchain. Zerebro also features autonomous trading of artwork through the integration of memetic dynamics and market interaction analysis, thereby demonstrating the potential of AI to merge cultural creativity with 

ZEREBRO, the native token for the Zerebro ecosystem, is hosted on the 

 (SOL) blockchain. The maximum supply is 1 billion ZEREBRO tokens, with 999,972,148 tokens currently in circulation.

An autonomous AI system such as Zerebro has transformative potential in the crypto industry, especially in cultural content generation and financial markets. Its “hyperstition” approach to generating content can help influence markets by shaping investor behavior through an interplay between culture and technology.

Furthermore, the project intends to launch a unified memory across social media platforms that could significantly enhance information retention, leading to further engagement. The Zerebro team also intends to integrate the ZEREBRO token with DeFi protocols, opening holders to various income-generating opportunities, such as 

Zerebro has experienced some volatility since its launch, which isn’t unusual for a new project trying to establish a stable price floor. As of Dec 23, 2024, Zerebro is trading at $0.30, with a market cap of over $377 million. This price was over 6,350% higher than its all-time low of $0.0058 on Nov 3, 2024, and just 39% lower than its all-time high of $0.6153 on Nov 23, 2024.

That said, Zerebro is still a new project that’s subject to high volatility. We highly recommend you practice sound 

 crypto on Bybit’s Spot trading platform. To celebrate the listing, Bybit is holding a 

 up for grabs. The first event is exclusively for new users to deposit and earn from a prize pool of 150,000 ZEREBRO tokens.

To participate, simply register on Bybit and complete verification. Then, proceed to accumulate a deposit volume of at least 400 ZEREBRO, or deposit 100 USDT and trade 100 USDT worth of ZEREBRO via your first trade using your Bybit account. This event runs through Dec 24, 2024, 8:59AM UTC.

, is offering a prize pool of 60,000 ZEREBRO tokens. To earn a share of the prize pool, simply register for the event and trade at least 500 USDT worth of ZEREBRO on Spot through Dec 24, 2024, 8:59AM UTC. 

Rewards will be capped at 3,000 ZEREBRO per user.

In addition to these two events, you can also participate in a 

 with a 30,000 ZEREBRO prize pool. Earn 20 ZEREBRO for every successful referral (up to 10 referrals) Rewards are on a first-come, first-served basis through Dec 24, 2024, 8:59AM UTC. 

Zerebro’s unique autonomous AI system approach to the crypto market sets it apart in the space. Crypto subcultures will be able to tap into its ability to independently generate and analyze content across different networks. Its RAG technology could enhance content diversity among the crypto community, while its “infinite backrooms” are spaces in which these digital communities can engage in diverse cultural and financial narratives.

As AI continues to transform the web3 space, Zerebro is poised to add value through its autonomous system that eliminates human oversight.

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Zerebro (ZEREBRO): Unlimited Possibilities in AI Content Creation

Gearbox Protocol is a composable leveraged lending protocol designed to enhance capital efficiency within DeFi. Learn how Gearbox Protocol works.

 (DeFi) with its composable leverage system. It enables investors to use 

 on assets across multiple protocols, transforming how DeFi participants can trade with margin, 

 and execute complex strategies — all without leaving their ecosystem.

 is making leverage accessible and secure. Whether you’re a lender seeking passive yield or a leverage user exploring advanced strategies, Gearbox’s unique architecture opens up new possibilities. Let’s explore how this on-chain credit layer is improving DeFi.

Since the emergence of DeFi in 2020, it hasstrived to reimagine financial services by removing intermediaries, such as banks and brokers. Through

 systems, DeFi offers transparent and direct access to lending, trading and investments. Despite market fluctuations, the DeFi sector remains resilient, with a current 

 (TVL) of $123 billion — a 128% increase since the start of 2024.

The DeFi sector is poised for resurgence as secure and scalable innovations fuel its growth. With proven use cases and real-world adoption, DeFi continues to solidify its role as one of crypto’s most valuable use cases.

 (WLFI), backed by the Trump family, underscores a shifting acceptance of DeFi in the United States. The project’s multisig wallet has publicly 

 various DeFi tokens, such as AAVE, LINK, ENA and more. WLFI aims to make DeFi accessible to everyday users, but it remains to be seen if the project will achieve its goals.

Gearbox Protocol is a composable leveraged lending protocol designed to enhance capital efficiency within DeFi. By offering a flexible credit layer, Gearbox empowers users to leverage their positions across multiple DeFi platforms, seamlessly integrating with protocols they already trust.

Gearbox’s fundamental design minimizes costs while maintaining flexibility. Its modular architecture reduces gas costs and improves scalability..

Unlike traditional leveraged lending protocols that silo funds within their ecosystems, Gearbox allows users to execute trades and strategies across integrated platforms, such as 

 correlated assets, Gearbox offers a new way to utilize leverage without restrictions.

With Gearbox Protocol, leverage becomes a DeFi primitive — an infrastructure layer that lets users go beyond basic 

 containing both user funds and borrowed margin funds. They serve as automated leveraged DeFi wallets, allowing users to manage positions and execute strategies independently.

: Gearbox enables users to integrate leverage with DeFi protocols like Uniswap for margin trading, Curve for leverage farming, and more. This flexibility empowers diverse strategies across different platforms.

: Gearbox combines lending and prime brokerage functionalities within the same protocol, simplifying the user experience and expanding possibilities for leveraged trading and farming.

, Gearbox maximizes capital efficiency. It minimizes gas costs and ensures that funds remain noncustodial, unlocking the full potential of leverage without compromising user security.

, ensuring that all integrations, policies and upgrades are managed transparently and collectively by the community and stakeholders.

Gearbox Protocol operates through two main user types:

The Credit Accounts enable operations while maintaining safety through 

Gearbox’s modular architecture supports seamless integrations with third-party protocols, ensuring assets remain decentralized and noncustodial. Liquidations are determined by 

 (based on calculated risks), and protect lenders while offering dynamic leverage possibilities.

 utility token with a capped supply of 10 billion, is the governance token of Gearbox Protocol. It empowers DAO governance and supports initiatives, such as liquidity mining and staking rewards, with an annual emission of just 3% from the DAO's holdings. 

Token distribution percentages are as follows:

Nearly full circulation has been achieved, minimizing supply overhang as a majority of token 

 concluded in 2023. The DAO treasury retains around 40% of the supply, ensuring the community’s strong influence on protocol development.

Marketwise, GEAR has recently experienced notable price movements. Over the past seven days, the token has surged by 11.9%, and its 30-day performance skyrocketed by 166.3%. Year-to-date, GEAR's price has risen approximately 57.7%, reflecting increased investor confidence. Daily trading volume hit $11.8 million over the past 24 hours, marking a 600.3% spike that indicates growing market interest. 

Gearbox Protocol's innovative approach to DeFi simplifies user experience through its wallet-centric design and the integration of the 

. With a capped supply of 10 billion GEAR tokens, robust DAO governance and nearly full circulation, Gearbox prioritizes community-driven growth. 

Recent market performance reflects growing investor confidence, with significant price increases and a surge in trading activity.

Looking ahead, Gearbox Protocol’s road map focuses on enhancing usability and interoperability within the Ethereum ecosystem. The integration of Credit Accounts into account abstraction (AA) wallets such as EIP-4337 revolutionizes the way users can access and manage funds, eliminating the need for complex lending interfaces.

Future developments may include pool-based models and optimizers to tackle liquidity fragmentation, further strengthening 

 Ethereum solutions. As Gearbox Protocol evolves, its focus remains on delivering efficient, user-friendly financial tools that empower users and redefine DeFi as we know it.

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Gearbox: Powering On-Chain Credit for DeFi

Bybit Learn

Options

Master the top strategies to boost your trading volume to rack up the rankings in the Bybit WSOT Trading Competition with Bybit Options trading.

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It’s that time of the year again! The Bybit 

 has begun — and it’s our biggest annual trading competition yet. With a total prize pool of 10,000,000 USDT (including a luxury yacht, Rolex watch and world-trip tickets up for grabs), Bybit is inviting all beginners and professionals to try their hands at trading crypto. The minimum amount required to participate is 500 USDT in your Bybit Unified Trading Account. 

This year’s WSOT is slightly different, with a focus on leveling the playing field and promoting true trading skill over resource advantage through the use of 

. With a large portion of this year’s WSOT prize pool dedicated to Derivatives trading, you’ll no doubt be wondering about the best way to zip up those rankings and boost your trading volume. To get you started, here are some optimal crypto options strategies to wrap your head around so you can easily dominate the leaderboards.

The PnL (%) will include all USDT and USDC Perpetual contracts, USDC Options, Spot trading and Spot Margin trading, as well as Leveraged Tokens. Please 

 that Copy Trading and MT5 volumes are not included for the 

. Each account's trading volume will be calculated separately, and the main account's trading volume will exclude all subaccount(s)’ trading volume.

Before we delve into a variety of options strategies examples, it’s crucial to first gain a comprehensive understanding of the factors that contribute to the WSOT ranking system. To summarize the core elements and fully understand how your current success and ranking on the WSOT leaderboard are calculated, you can rely on the following profit/loss formula to assess your performance.

 makes up 20% of the total prize pool, and will be distributed to the top 10 squads. 

= [Account Equity (incl. unrealized PnL and/or bonus) − Initial Equity (incl. unrealized PnL and/or bonus) + Withdrawal Amount During Competition − Deposit Amount During Competition]

 = Profit / (Initial Equity + Total Deposits) * 100% * tier weightage points

 = Total PnL (%) points of top 20% members / top 20% members (members who are listed in the top 20% with trading volume of less than $50,000 and/or negative returns will be excluded) + all squad members who meet trading volume threshold. Each member who trades for more than $50,000 will contribute 0.01 points to the squad. If there are fewer than 20 members in the squad who meet the requirements, the total will still be divided by 20.

 makes up 20% of the total prize pool, and the top three squads with the highest PNL (%) points within each region will share the prize. There are a total of nine regions set for WSOT 2024: English, Japanese, Korean, Mandarin, Russian, Ukrainian, Southeast Asian, European and Open Zone divisions.

 makes up 20% of the total prize pool, and will be distributed among the top 100 participants. The system will calculate the trading volumes for eligible contracts, and reward participants based on the higher trading volume. Please 

 that those with a trading volume of less than 50,000 USDT will be excluded.

 that assets exchanged in the UTA will not count as deposits or withdrawals. Additionally, the tokens in your UTA will be converted to their USD equivalent. Your overall PnL (%) may be affected if the prices of the tokens fluctuate. 

 makes up 40% of the total prize pool, and will be distributed among the top 100 participants in each tier. The system will calculate the profits of all eligible contracts based on the snapshot prices at the time of the last update.

 = [Account Equity (incl. unrealized PnL and/or bonus) − Initial Equity (incl. unrealized PnL and/or bonus) + Withdrawal Amount During Competition − Deposit Amount During Competition]

: Refers to accumulated deposits (including transfers, awarded bonus, commissions and asset exchange) during the competition period.

: Refers to accumulated withdrawals (including any withdrawals and asset exchange) during the competition period.

: At the beginning of the competition, if a user’s wallet balance in a specific contract currency is at least 500 USDT for more than five minutes, the system will record that balance as the initial equity for the competition.

: To be calculated every five minutes until the conclusion of the competition.

Armed with this knowledge, let's now dive into an array of intriguing options strategies you can consider to further enhance your performance and overall success.

Examples of Options Strategies to Get You Started

Taking High Risk With Affordable Out-of-the-Money (OTM) Options

Although thought of as a lottery ticket options strategy, buying OTM options grants traders the potential for large returns despite the low odds of success. In buying OTM options as a derivatives trader, you're attempting to hit a home run by purchasing plenty of affordable, low premium options. This can be the result of either the options' strike prices being far OTM, or the options contracts possessing a brief time to expiration. 

Since close-to-expiration OTM options contracts typically cost a fraction of what long-dated ITM options contracts do, this can be a valid strategy for traders ahead of an upcoming catalyst if they expect significant movement because of expected volatility.

On the flip side, instead of buying these short-dated OTM options, you can choose to construct bearish options strategies that let you write these options contracts without requiring you to undertake excessive risk. This might be lucrative during times of stable market prices, since these OTM options will expire worthless because of the lack of volatility. 

By building a portfolio of bearish options strategies, such as bear call and bear put spreads, traders are banking on making a small amount of profit with a high probability of success.

Playing It Safe by Trading Deep In-the-Money (ITM) Options

For more risk-averse derivatives traders, deep ITM options offer traders a low-risk way to profit from the markets. The key to success in this case is to buy options with strike prices significantly lower than the underlying cryptocurrency's current price. By doing this, traders can take advantage of large gains in a relatively short period of time without taking on the full risk of owning the underlying crypto. 

This ultimately gives deep ITM options traders the choice of buying or selling crypto at their desired ITM strike price, without committing the full amount of capital that traders would generally allocate if they didn’t trade ITM options. Additionally, because deep ITM options have more intrinsic value than other types of options, they also tend to be less volatile with less exposure to time decay. Essentially, this means that even if there’s a short-term market correction or volatility spike, trading deep ITM options can still create a benefit from the underlying asset’s price movement, allowing traders to enjoy higher profitability as compared to trading other types of options contracts.

Getting Strategic With Covered Call and Covered Put Options

If you’re confident of the market’s direction, and want to generate additional profits in the form of options premiums from the coins you’re currently holding, then using 

 and covered put options strategies will be your best bet. 

In short, covered calls help reduce downside risk by allowing traders to receive premium payments in exchange for limiting their upside potential, while covered puts allow traders to benefit from price declines without having to short the underlying coin and endure the risk of unlimited losses. 

Should the price exceed the strike price of the written options contract, traders simply have to forego the underlying coin they’re holding at the agreed-upon strike price. 

One way options traders can profit from covered call and put strategies is to write an OTM call or put so that they’ll feel comfortable selling (or buying back) the coin they own (at the specific strike price, and at a profit), while also gaining some profit from the premiums of the written options contracts.

Leveraging On High Volatility Options With Multi-Legged Options Strategies Such as the Iron Condor

By using a multi-legged options strategy, such as an iron condor, traders can benefit from reducing risk while still achieving potential profits. 

Unlike other strategies, which involve buying or selling one option, an 

 involves the purchase and writing of two sets of put and call options at different strike prices, so that the written call and put is more ITM than the purchased 

. This complicated four-legged strategy allows crypto options traders to hedge their positions, as the price of an underlying coin will have to move excessively in either direction significantly before losses are incurred. 

Additionally, with this type of strategy the investor has more control over their investment because they know the maximum profit and loss in the event of a sudden spike in price. Since all four legs of the Iron Condor are bought and sold at different strike prices (in order to create the spread), an investor's total capital requirement is much lower than with other options strategies. 

With these benefits combined, it’s easy to see why many investors choose to use a multi-legged strategy like the iron condor when trading in options markets. The only deterrent (which can be overcome) is the strategy’s complex execution.

After delving into deep ITM options and unraveling the complexities of iron-condor options strategies, we trust that this guide has provided you with valuable insights to improve your ranking in this year’s WSOT. 

When it comes to trading crypto derivatives, it's important to remember that success is subjective, and depends upon your personal trading style and approach to the crypto market. It ultimately boils down to your ability to maximize profit, while mitigating overall risk and downside exposure.

Are you ready to test your mettle? Take the plunge! Sign up for WSOT today to seize your share of the highly coveted 10,000,000 USDT prize pool. Don't miss out on this once-a-year opportunity to showcase your trading prowess!

How to Improve Your WSOT Ranking in Trading Volume Using Bybit Options

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards