Crypto Great | Bitcoin | DeFi

2022-09-18 12:12:00 ​​Zcash (ZEC)

Zcash serves as a foundational layer for the global and digital economy. ZEC is an engine driving the sustainable growth necessary for economic and social freedom.

Since July, we’ve been following the developments of Zcash’s next major upgrade, network upgrade 5 (NU5).

And just last month, Electric Coin Company (ECC) announced that NU5 is expected to launch this May.

ECC are the inventors of Zcash and aim to build and support technology to provide people with access to fair and open currency.

In conjunction with various features included with NU5, the ECC is also introducing Halo Arc – a suite of solutions that bundle new features and products.

In October, we wrote about how Zcash benefits from adopting the Halo proving system and its move away from its original setups and shielding system, zk-SNARK .

The Halo 2 proving system includes the most coveted features for privacy-centric users. The system enhances privacy and scalability on the Zcash network, as well as advanced features that allow for transparency to comply with governments and regulations.

Zcash’s plans to move to a Proof-of-Stake network for increased scalability, and its Halo Arc update provides more options for transacting. Zcash is equipping itself with all the tools necessary for bringing crypto adoption to individuals and enterprises. As more users are onboarded, we expect the demand for Zcash to increase along with its token price. Open / Comment

2022-09-14 13:13:07 Dash (DASH)

Last month, Dash released its upgraded Dash Platform v0.22 on testnet. This version comes with improvements to its cryptographically provable database. It also contains an implementation which will allow masternodes to receive financial rewards for their validation services.

Additionally, this version improves components such as Tenderdash consensus (which handles network communication), Dashmate utility (a masternode setup tool for Dash), and the JavaScript software development kit (SDK).

The Dash Incubator is rewarding innovation & encouraging exploration around Dash. With no applications necessary, anyone can start development and provide proposals to make the platform better.

The Dash community continues to have active and serious involvement in platform development and testing. Thanks to the community, the Dash Core team was able to deploy a significantly more stable testnet.

Dash’s easy-to-use platform and token rewards incentivizes the community to develop on Dash’s open-source network.

Additionally, Dash Platform teams and the Dash community are preparing for the last functional, pre-mainnet release – Platform v0.23. This will introduce the fee system, masternode rewards distribution, and credit withdrawal transitions (enabling users to convert their credits on the platform chain to Dash on the core chain).

These features are critical in bringing more value to the Dash ecosystem and its native Dash token. Open / Comment

2022-09-10 13:59:34 Just-In: Is This A Crypto Market Recovery? Here’s Why There’s More To It
https://bit.ly/3xbqxRf Open / Comment

2022-09-08 11:54:00 ​​Yearn finance (YFI)

On April 5, Yearn finance adopted a new token type that will be the “gold standard” for interest-bearing tokens.

Ethereum Request for Comment 4626 (ERC-4626) will be the new standard for vault tokenization on Yearn finance.

To build a single app on top of DeFi’s yield-bearing tokens, you have to write lines of complex, error-prone code that needs to handle unique variations of each token. ERC-4626 makes that a thing of the past…

Building an app on top of one ERC-4626 vault will work for all other ERC-4626 tokens. This is why developers at Balancer Labs, Alchemix, RariCapital, FEI protocol and OpenZepplin are working to integrate this new standard for vault tokenization.

Whether users are staking funds in Yearn Vaults, making deposits on AAVE, or providing liquidity to Balancer’s linear pools, you’ll be using the gold standard for interest-bearing tokens.

The more compatibility and coordination we have within the different chains in Ethereum’s ecosystem, the faster DeFi can develop and scale. A rising tide lifts all boats, and Yearn and its token stand to benefit – along with other projects – from this new token type. Open / Comment

2022-09-05 13:02:45 Synthetix (SNX)

Synthetix enables the issuance of synthetic assets on the Ethereum blockchain. Due to high transaction fees on the Ethereum network, the Synthetix community has been working to deploy Synths on Optimism, Ethereum’s Layer-2 network. Optimism puts all transaction data on-chain while running computation off-chain, increasing Ethereum’s transaction speed and decreasing fees.

Users are looking for an easy, decentralized way to trade Synths with low fees. Though still in beta testing, Synths are trading on Kwenta V2 on Optimism. Kwenta is a DEX for perpetual futures contracts. Using perpetual contracts, users can trade a variety of crypto and non-crypto-asset derivatives.

Listing equities and commodity synths on Optimism also benefits the Synthetix ecosystem by adding a new asset category. Kwenta can strengthen its value proposition and drive additional volume through the Synthetix protocol.

Last month, two proposals passed that added silver and gold commodity Synths to Kwenta V2.

Synthetic versions of Tesla, Apple, Amazon, Netflix, and Google previously traded on Kwenta, but due to high fees, trading stocks’ Synths were put on hold. Now that Synths are being deployed on Optimism, and fees are much cheaper, we may soon see a resurgence of these assets.

There’s international demand for trading American stocks in a cheap and decentralized way. This is possible with the Synthetix network, and has been its goal since inception. Now that more second layer solutions exist, we expect to see more activity in the Synthetix ecosystem. In just 33 days since Kwenta V2’s launch on Optimism, over $1.1 billion has been traded on the platform. This is promising as the project continues to gain adoption Open / Comment

2022-09-04 09:46:07 Just-In: Aave Community Takes Major Decision Before The Ethereum Merge
https://bit.ly/3TEr33W Open / Comment

2022-08-31 11:54:00 Balancer (BAL)

Balancer is a protocol for programmable liquidity, and it’s the core building block of DeFi infrastructure and provides the most flexible and versatile Automated Market Maker. Last month, a historic proposal passed that initiated a friendly fork of Balancer’s products and infrastructure (via a smart contract fork).

This friendly fork introduced Hexagon Finance, a multi-functional platform focused on bringing Balancer’s unique liquidity infrastructure to the Avalanche community. This proposal was drafted by the Partnership subDAO and serves as a joint project between BalancerDAO, Ava Labs, and Terra Labs.

Balancer looks to benefit greatly from this strategic fork. It will bring more exposure to the Balancer ecosystem, but, more importantly, Hexagon Finance tokenomics will distribute 6% (or 6 million tokens) of the total Hexagon Finance token supply to BalancerDAO.

The future is bullish for Balancer, and it appears committed to partnering with quality projects to build a more robust ecosystem, and working to build what’s needed to bring 1 billion users to DeFi. Open / Comment

2022-08-28 13:43:08 ​​Aave (AAVE)

Aave is a decentralized lending platform where users can earn interest on deposits and borrowing assets.

In both the January and February issues, we covered the approval of Aave’s proposal for launching Aave V3 on Arbitrum, Avalanche, Fantom, Harmony, Optimism, and Polygon. Last month, Aave V3 went from testnet to being live on the chains mentioned above. This will increase protocol usage by allowing assets to flow between Aave markets over different blockchains.

And as Aave’s usage grows, so should its token price.

Last week, a proposal passed to make a strategic investment in Balancer tokens (BAL), another token in our Palm Beach Confidential portfolio.

This investment will acquire 200,000 BAL tokens – currently worth $3 million – by exchanging AAVE from the ecosystem reserve.

The acquisition puts Aave just outside of the top 50 BAL tokens holders. Additionally, Balancer will become a top 80 AAVE token holder. Therefore, each community will collaborate to best represent their interests.

Aave will likely be one of the first movers in the upcoming BAL wars and will gain a strategic advantage to bootstrap new Balancer boosted pools which lead to tokens being deposited in Aave markets to earn yield.

This will create additional TVL (total value locked) and revenue for Aave – a major positive factor for the long-term price appreciation in Aave tokens. Open / Comment

2022-08-24 20:36:00 Breaking: Liquidators To Probe And Liquidate Three Arrows Capital In Singapore
https://bit.ly/3T6C7Xr Open / Comment

2022-08-21 17:30:59 The Next Gem of P2E?

The market’s situation is now revealing the real factors that lead to a project’s success in the long run. It’s also weeding out those projects that simply appealed to the hype and a profit-hungry community.
Usually, only select DAOs, communities and investors are privy to the projects that are due to make it big, but we’re the all-seeing eye of crypto, so without further ado, we’d like to talk about the Ryber project.

A key part of the project is the RyberVerse, a revolutionary 3-stage gamified metaverse featuring innovative Play-To-Earn mechanics, cutting-edge tokenomics, unique 3D art, and loads of fun.

The team has been developing the game – Ryber: The Lost Data Runner – since March, and it’s already 70% ready, as the CEO of the company said in an AMA session recently.
The project strives to set the AAA bar for quality, lore, and gameplay from which it will be impossible to break away.

The next stage will be Ryber: Battle Royale, where players will compete against each other in the same way that they do in popular games such as Fall Guys or Fortnite. The first teaser of the project can already be seen here:



The game stands out from its P2E counterparts, and there are several important facts that play into its favour:
An experienced team: Ex-Ubisoft, Playrix and other former big-name developers;
Renowned partners such as Tidex, Emiratex and others;
$2 million raised in a private round to fund game development;
5,000 members of a private Discord channel.

The team at Ryber recently upgraded their Twitter account to build a quality audience and post only the loudest of updates. Latest figures show 40,000 subscribers.

Moreover, Ryber will be launched on the Solana network, which will attract an active community. There are rumours that we’ll see Ryber’s NFTs on the Opensea launchpad in early September.

Now, they’ve just launched a huge $10,000 USDT and $20,000 giveaway in $RYBER tokens through a special influencer program; if you have enough followers, you can be one of the winners!

Project Media
Twitter | Telegram | Discord | Website

Anyone who joins Discord or Telegram via the links above will automatically receive a FREE WL spot! Open / Comment