Leviathan News, a crypto and DeFi-focused media platform, has launched its first on‑chain SQUID Pass auction on mainnet, allowing users to bid using WETH and crvUSD, with support for additional tokens promised in future rounds. The SQUID Pass is a recurring auctioned slot that grants the winner promotional placement across Leviathan News channels—particularly pinned posts and featured exposure on its X (Twitter) and Telegram outlets—for a set period, typically about a week. This mainnet auction represents an evolution from earlier SQUID Pass auctions run on other networks and via simpler interfaces, moving the mechanism directly onto Leviathan’s own auction frontend at leviathannews.xyz. Leviathan News positions SQUID Pass auctions as part of a broader attempt to decentralize crypto media and open its distribution channels to community and project-driven messages that still pass editorial review. In streams discussing the pass, the team explains that winners can use the slot to advertise protocols, announcements, or campaigns, provided they meet content standards, while future plans include letting sponsors pay in stablecoins or SQUID for additional placements. The move to a mainnet-native auction that already supports multiple assets such as WETH and Curve’s crvUSD reflects an effort to make participation easier for DeFi-native users and to integrate Leviathan’s $SQUID ecosystem—which includes its token and AI-powered “Squid Digest” tooling—more tightly with its revenue and promotion model.

AI-generated background, compiled from web sources — not editorial content.

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