The applications of Non-Fungible Tokens have grown exponentially over the past few years used as digital artworks, avatars, or even in-game assets. In 2019, ETHDenver introduced a more pragmatic use case known as the Proof of Attendance Protocol or POAP.

It is a unique NFT distributed among the community to commemorate fun moments. It basically allows one to create badges to people participating in your event. The idea is to enable a new way of storing long-lasting memories of life experiences, without revealing any data in return.

Here’s a quick and quirky way to incorporate a POAP!

# **Claim POAPs**

-   Use the unique poap mint link provided in mail. Eg —  [https://app.poap.xyz/claim/jxd7z1](https://app.poap.xyz/claim/jxd7z1)
-   Add your ETH/ENS/Email Address to reserve it to your name.
-   You can mint your POAP now for free.
-   Hit the “Claim POAP Token” button.

That’s all you need to do to claim a POAP. Isn’t that simple and intriguing?

# **Adding POAP to your Metamask**

1.  Download the Metamask Mobile App and click on the top left corner of the screen.

![](https://miro.medium.com/max/1342/0*YlxLkopCUTvx31M-)

**2.**  Go to Settings

![](https://miro.medium.com/max/1350/0*ZWRPn5T6jNX81AFb)

**3.** Add the xdai chain into networks section > Fill the required fields and tap “Add”

-   Network Name:  **xDai**
-   New RPC URL:  [**https://rpc.xdaichain.com/**](https://rpc.xdaichain.com/)
-   Chain ID:  **0x64**  (100)
-   Symbol:  **xDai**
-   Block Explorer URL:  [**https://blockscout.com/xdai/mainnet**](https://blockscout.com/xdai/mainnet/)

![](https://miro.medium.com/max/1354/0*0rxwInnOFVkmkQr-)

**4.**  Go back to your wallet and tap on “Wallet”. Scroll down on the list of networks until you find xDai and click it.

![](https://miro.medium.com/max/1350/0*btn2JZR0DMHMAzJ1)

**5.**  In your Wallet, look out for the Collectibles tab and then tap on “+ Add Collectibles”

![](https://miro.medium.com/max/1400/0*F6hws-t8W7LDcIh_)

**6.**  All your assets would be visible on the xDai Network.

**7.** Copy your Token ID into the Minting Transactions section and incorporate Smart Contracts and ID of your POAP.

![](https://miro.medium.com/max/1350/0*FewMNFqWOi1IZXrD)

Tap “Add” and your POAP will be visible from your Metaverse Mobile App.

For more details, Visit:

[**Website**](https://poap.xyz/) **|** [**Twitter**](https://twitter.com/poapxyz) **|** [**Discord**](http://poap.xyz/discord) **|** [**Github Repo**](https://github.com/poapxyz)

# About aarnâ:

aarnâ protocol is an autonomous DeFi asset management platform on a mission to simplify the crypto & DeFi experience lifecycle for investors, with a fully on-chain ecosystem leveraging cooperative human-artificial intelligence. Our beta is ready for launch, and we’d love to be the most widely used Web3-native asset management platform in the next decade.

aarnâ protocol is designed with a holistic approach for solving the complex problem of asymmetric access & information in crypto asset management at scale and pursues this with a flywheel that connects an engine, a DAO, and machine intelligence. aarnâ has a defined roadmap for progressive decentralization of the platform.

**Social Media Handles:**

[Twitter](https://twitter.com/aarnasays)  |  [Telegram](https://t.me/aarnasays)  |  [Website](https://www.aarna.finance/)  |  [Medium](https://medium.com/@aarna_finance)  |  [LinkedIn](https://www.linkedin.com/company/aarna-finance)

The applications of Non-Fungible Tokens have grown exponentially over the past few years used as digital artworks, avatars, or even in-game assets. In 2019, ETHDenver introduced a more pragmatic use case known as the Proof of Attendance Protocol or POAP.

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A Step by Step Guide to Claim POAP’s

# Welcoming aarnâ new dao members

It's been a crazy year at aarnâ as we continue to build an alpha discovery platform - the first of its kind web3 native on-chain decentralized asset management platform. We are on a mission to decentralize the alpha value chain, and we believe that it is vital for managing risk and rewards for all crypto and web3 participants and essential for mainstream crypto and DeFi into the future.

The three components of the aarnâ protocol ecosystem are the front end aarnâ engine of the intelligent dApp ([join our beta](https://www.aarna.finance/)), the aarnâ tokenization platform (which is getting into security audit shortly), and the aarnâ dao which will bring together human expertise and AI for creating alpha via â_fi crypto structured products, leveraging composable DeFi strategies. 

Safe to say that we are one step closer to our mission as we welcome our first members of aarnâ dâo, Nitin Gaur and Simon Dingle. 

Nitin is a leader in fintech, who has helped and built technologies for the Fortune 500 companies. Nitin is an expert in demystifying and distilling complex ideas into simplified presentations. Currently he serves as the global head in Digital Asset and Technology Design at State Street. His list of publications and his accomplishments as a global speaker is immense. Nitin also holds 100+ patents. Nitin strongly believes in our thesis of the criticality of a web3 native on-chain asset management platform for responsibly putting the power of participative wealth management in users hands. Nitin’s deep experience will help shape aarnâ dao’s governance mechanism as he joins us as our first Council Member.  

Simon, our first Alpha Creator comes from a background in crypto and fintech. He is a two time author and currently works as the founder of Inves Capital. Having worked with some major crypto projects like Luno(formerly BitX), Binary, etc. in the past and helped in product development, he comes with immense experience, and is an OG in the space. Simon’s recent book ‘Beyond Bitcoin’ explores the ….DeFi …. Simon resonates strongly with aarnâ’s mission and is committed to creating structured products for autonomous alpha discovery, and lending us a helping hand in realising our purpose.

We’re getting ready to launch aarnâ protocol. Our engine beta is already live, join us to see the difference in our approach to responsible & decentralized asset management. We’d love to get all your feedback as we put the platform together. Please email your feedback to us on support@aarna.finance, or dm us on Twitter @aarnasays. 

FAQs: 

What is DeFi ?
Decentralised Finance or DeFi is an emerging field in crypto. It represents a system that is not governed by a centralized management. The users or investors are always in complete control of their assets and do not have to transfer the custody of their funds to an intermediary

What is a dao ?
Decentralized Autonomous Organization or dao is a governance structure for the upcoming web3 projects. Instead of a centralised authority, a group of people with a common goal take decisions for the organisation. Anyone can join a dao and participate in the governance. The process of decision making is executed by an on-chain consensus mechanism by a smart contract.

What is autonomous alpha discovery ?
Alpha returns made possible by an AI predictive model by studying and analysing information, market insights and sentiments. 

What are crypto structured products ?
Investment strategies or products made by combining underlying digital assets in a proportion that increases the returns and hedges against potential market risks.


aarna dao has two new dao members on board. Simon and Nitin. 

aarnâ dao members announcement

When the market prices hike unpredictably, a short squeeze occurs. A short squeeze is not a common phenomenon because it occurs beyond what the market analysis says. It causes a rise in stock prices unexpectedly, causing the short sellers to bail out. 

## How Does a Short Squeeze Occur?

A steep increase in stock price triggers a short squeeze. As prices increase, short-sellers try to leave their short holdings. It causes a decrease in the supply of the stock and an increase in their demand. It is a demand-supply concept that is easily understandable.

As a result, the market price keeps increasing. Usually, a short squeeze is unpredictable. But there are several ways to identify a short squeeze.

## How do you Identify a Short Squeeze?

Experienced traders know what indicators to look for when the buying pressure starts penetrating the market. These indicators usually indicate when a stock is ready for a short squeeze. The indicators are:

**1. Short Interest**
Short interest is the proportion of short sellers' shares in a stock's total shares. A short squeeze is more likely to happen if the proportion of total shares of the stock, being sold short is much more significant than the average level.

**2. Relative Strength Index (RSI)** - Relative Strength Index is an identifying point on a scale of 1-100. It indicates whether the market is overbought or oversold. 

Let’s understand with an example: 

A stock with a low RSI (30 or below) is oversold. It means it is being traded at a low price and is undervalued.
 
Similarly, a stock with a high RSI (31 and above) is severely overbought. It indicates that it is trading at a high price. 

## How to Avoid Getting Squeezed?

If you’re a long-term investor, a short squeeze will always benefit you. Investors gain profit when the stock price increases. As more short sellers bail the market, the price rises, increasing the gains for buyers. But if you’re a short-seller, you'll lose money when the squeeze pushes you to buy, which will increase the stock price.

One way to prevent yourself from a short squeeze is ‘Days to Cover’, also known as a short ratio is a measurement to compare the total amount of short interest in stock with its regular volume of trading. It measures the number of days required for regular trading to produce enough trading volume to buy back all the sold short trades. 

Experts say that ten days is a general guideline. Ten days or more to cover might indicate that trade is crowded, one you might want to steer clear of to avoid getting crushed.

Now that you’re a little more familiar with the concepts of a short squeeze, you must be curious to know more about the Gamestop Saga.

## What is the Gamestop Short Squeeze, and why are people talking about it?

Founded in 1984, Gamestop is a well-known retailer of video games and consumer electronics. The company had a roaring success in its early years but took a hit around 2010. The dip happened because of the evolution of the internet and the market’s inclination towards digital games. 

Last year in February, members of a Reddit group called WallStreetBets started a movement together to buy shares of the company in bulk. It happened after they discovered that a hedge fund (hedge funds are centred on risk hedging by concurrently purchasing and selling assets in a long-short equity strategy) was storing short positions in the stock. As a result, a short squeeze occurred, which caused the hedge fund to declare bankruptcy and suffer enormous losses.

## How did the Gamestop Short Squeeze affect the investors?

The GameStop short squeeze has been beneficial to small investors. But it affected the hedge fund managers who lost billions of dollars. It should be noted that it is unlikely for GameStock shares to stay at a high price. So, the retail investors will have to sell their shares as quickly as possible or else they’ll risk losing most of their investment.

## Can something like this also happen in India?

Something like this is unlikely to happen in India because there are several regulations in place legally to stop traders from influencing stock prices. India’s regulatory system is intact and strict in a way that doesn’t give a lot of leeway to investors to manipulate the market. 

If we were to compare, lending is possible in the US because the brokers keep their shares in a pooled account. It happens because brokers have the right to lend shares to traders in the US. But in India, brokers do not have permission to lend shares. The shares are maintained in the Demat account of the specific dealer.

## Closing Thoughts

If you’re a nascent investor, and new to the market, the idea of a short squeeze might seem thrilling. But it is essential to understand that a short squeeze is a short-term event, not a long-term plan. It is a fleeting occurrence, and one has to look beyond it to understand the bigger picture. Being a long-term investor is safer and more reliable. So, do not hurry into any decisions and invest smartly.



If you’re a nascent investor, and new to the market, the idea of a short squeeze might seem thrilling. But it is essential to understand that a short squeeze is a short-term event, not a long-term plan.

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A short squeeze is not a common phenomenon because it occurs beyond what the market analysis says. It causes a rise in stock prices unexpectedly, causing the short sellers to bail out.

Understanding Short Squeeze | aarnâ finance 

Understanding Short Squeeze

What does being wealthy mean? It means building your assets and making your money work for your goals. In other words, having a sizable net worth. But how does one build wealth? 

Although active investment can give you huge benefits, it also comes with risks and requires much more time and understanding. Since it’s not always a good idea to be a risky active investor, it is generally advisable to opt for ways/strategies to generate passive income efficiently. 

To help you understand which strategy would suit you the best, we have drawn differences between two major passive investment strategies coming to light in the Crypto world right now: Yield Farming vs Staking.

## What is Yield Farming?
Yield farming is a form of investment that allows users to lend their cryptocurrency assets in a permissionless way to DeFi platforms. Since, in this case, you are lending money to the bank, this is comparable to receiving interest from a bank account. Contrary to depositing money in a bank, only yield farming may be riskier, more variable, and more complicated. 

## What is Staking?
Staking allows you to stake a portion of your holdings and earn rewards. How does that work? Your cryptocurrency generates dividends while being staked because the blockchain uses it. Staking-enabled cryptocurrencies use a "consensus technique" called Proof of Stake to guarantee that all transactions are secure and confirmed without the involvement of a bank or payment processor. If you decide to stake your cryptocurrency, it joins that operation.

## Key Differences between Yield Farming and Staking
Being a nascent, average investor, the terms yield farming and staking can leave you perplexed. Often used interchangeably, these strategies have distinct meanings and features that can be tedious to understand.

Keep reading to know the major differences between Yield Farming and Staking, and find out which suits the best for you. 

**1. Mechanism**
Staking uses a Proof-of-Stake(POS) consensus mechanism. Unlike Proof-of-work, there are no miners involved in this consensus mechanism. But with Yield Farming, users can use dApps to stake their assets in a lending protocol.

**2. Incentives**
Users receive staking benefits every time a block is validated, thanks to the distribution of incentives on-chain, which creates new tokens of that currency. On the other hand, investors who opt for yield farming earn their incentives in the form of APY (Annual Percentage Yield)

**3. Security**
In particular, if there are bugs in smart contracts coding, yield farming based on more recent DeFi protocols may be more susceptible to hackers. Because stakers are a part of the blockchain's stringent consensus process, staking is considered more secure. Any system-trickery effort could cause the perpetrators to lose their staked money in an instant. 

## Conclusion
Yield Farming and Staking, both have their perks and disadvantages. To put a pin on the best strategy to generate passive income would be unfair because it depends on more than one aspect. If you’re an average investor, try learning more about all the strategies.

Research is a tool which comes in handy when you’re beginning your journey as an investor. Remember that information is your only best friend. We hope this article helped you gain some insights into the two most famous investing techniques in Crypto. 


To help you understand which strategy would suit you the best, we have drawn differences between two major passive investment strategies coming to light in the Crypto world right now: Yield Farming vs Staking.

22 June 2022

2 min read

Claim POAPs

Adding POAP to your Metamask

About aarnâ:

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