Deal or No Deal?

Sponsor: Frax — Fraxtal Ecosystem: Where DeFi Meets AI.

1. 🦅 DOJ Drops its Crypto Enforcement Team. The U.S. Justice Department is moving resources away from prosecuting crypto crimes.
2. 💰 Ripple is Buying Prime Broker Hidden Road for $1.25B. Ripple is making one of the biggest M&A deals in crypto ever.
3. 🏠 PE Firm Apollo Invests in RWA Platform. The private equity giant has placed a seven-figure bet in Plume's real-world asset platform.

	Crypto $2.44T	↘ 2.7%	↘ 10.3%
	BTC $76,998	↘ 2.4%	↘ 9.6%
	ETH $1,479	↘ 5.8%	↘ 22.6%

Juicebox Protocol recently dropped its biggest upgrade yet in its V4 system.

The new release brings Juicebox’s programmable fundraising system to multiple Ethereum Virtual Machine (EVM) chains and introduces one of the most interesting onchain financial primitives we’ve seen in a while—revnets.

Short for revenue network, revnets are fully autonomous, rule-based treasuries that share tokenized revenues with their users.

Once launched, they can’t be changed or rugged. When you contribute ETH to a revnet, you receive tokens back—and you can later redeem those tokens for ETH from the network’s growing treasury.

It’s like programmable revshare with no middlemen and no governance. The Juicebox team is showing off how these revnets work with a playful but compelling demonstration project, the Banny Network.

🍌 Mint a Banny, Earn $BAN

Built atop the Banny Network revnet, Banny Retail is a simple shop where you can mint Banny NFTs and digital outfits across Ethereum, Arbitrum, Base, or OP Mainnet.

The cheapest Banny only costs 0.0001 ETH, and every mint funds the underlying revnet with ETH. In kind, you earn the network's $BAN tokens each time you make a purchase here.

At this point, you can redeem your $BAN immediately to get some ETH back—or hold to earn more later if the Banny ecosystem keeps growing.

Think of it like an onchain cashback model that compounds as the network gets bigger. The earlier you join, the more you stand to potentially gain later.

If you want to try this experience for yourself, it's simple to dive in—you'll just need some ETH on one of the supported EVM networks to cover your minting costs.

Once your wallet is prepped, connect it on Banny Retail on your chain of choice, then pick up your first Banny NFT. As you can see below, buying the cheapest one available will already net you 0.62 $BAN back.

Now, you can browse the 51 Genesis outfit drops and mint any items you want for your Banny. It's another cashback/revshare opportunity, too. For example, minting one of the cheapest shirts available earned me another 6.2 $BAN.

Once you're done shopping, you can head over to Banny Retail's "Locker" page to stylize your Banny as you see fit. And that's all it takes to get started!

Of course, this is just one of the simple, fun ways to get started with revnets today. It's also only a taste of what's to come. There is serious business potential ahead here for projects that want a streamlined and composable way to share revenues with their users, so keep Juicebox V4 and its new revnets on your radar!

FRIEND & SPONSOR: FRAX

The Fraxtal ecosystem is expanding at lightning speed—this month’s biggest highlight is IQAI.com, the newest Agent Tokenization platform from IQ and Frax. IQ is building autonomous, intelligent, tokenized agents launching on Fraxtal in Q1. Empower on-chain agents with built-in wallets, tokenized ownership, and decentralized governance—all within a fast-growing Fraxtal ecosystem.

Learn More

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PREMIUM POD

Celestia Interoperability

In this Citizen-only episode, we're diving deep into Celestia's vision for cross-chain interoperability with Nick White and Preston Evans.

We unpack the foundations of modular blockchains, how shared DA and consensus unlock secure interop between rollups, the concept of "lazy bridging," and why Celestia might just be building the internet of blockchains. If you're trying to grok the future of rollup composability—this is the one.

Listen to the full episode👇

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