Non-fungible token

2021-06-04 09:30:30 Deri Protocol V2 launches on June 1

Deri Protocol stated that after the V2 web portal update, BTCUSD and COIN trading pool liquidity providers in Binance Smart Chain (BSC) can transfer their liquidity to the V2 mining pools. In addition, given the changes in V1 pool liquidity, parties to the two contracts should close positions in a timely manner in accordance with market conditions and re-open positions after the official launch of V2.

According to the developers, Deri is a decentralized protocol that allows users to exchange risks accurately and efficiently. It provides the ability to trade derivatives in DeFi: hedging, speculation, arbitrage - all onchain. This is achieved by having liquidity pools act as counterparties for users. With the Deri protocol, exposures are tokenized as NFT so that they can be imported into other DeFi projects for their own financial purposes. Open / Comment

2021-05-28 23:29:04 Vitalik Buterin: Proof-of-Stake will solve the environmental problem of Bitcoin mining

Vitalik Buterin at the StartmeupHK virtual festival in Hong Kong expressed his belief that the Proof-of-Stake mining algorithm will be the solution to Bitcoin's environmental mining problem, using his Ethereum as an example, which is just in the process of moving into Phase 2, implemented using the Proof of Ownership (POS) model.

Buterin and his team chose Proof-of-Stake as an alternative to Proof-of-Work, which is now used to generate new blocks in Ethereum. The implementation of this plan should allow the Ethereum Foundation to solve multiple backlogs in the network. According to the development company, the transition will be completed by the end of 2021.

It was Buterin who initiated the transition from Proof-of-Work to Proof-of-Stake, which work on a different principle. Open / Comment

2021-05-26 09:16:26 ApeSwap announces alumni and new BUIDL program participants

ApeSwap, the integrated BSC platform for automated market maker and revenue farming, has released new information about its BUIDL program. ApeSwap announced the five protocols that make up the latest BUIDL program participants, as well as the two protocols that have successfully graduated.

The BUIDL program is a partnership between ApeSwap and other Binance Smart Chain projects. It is open to both new and existing projects. According to ApeSwap, the basic idea behind BUIDL is to have a reciprocal relationship in which ApeSwap supports the growth of BSC projects, and those projects in turn help improve ApeSwap's liquidity profile. Participating projects will also receive financial incentives. Open / Comment

2021-05-23 09:03:42 Beefy Finance increases liquidity of assets invested in MDEX

Beefy China community manager Amanda and community operator Boyang attended the Bitcoin World Community AMA. Speaking about why Beefy decided to partner with HECO, Amanda said the characteristics of the network met their expectations.

"HECO's characteristics align well with Beefy's expectations for blockchain. We make every effort to make it easy for everyone to access DeFi. HECO and Ethereum have the best compatibility because our strategic know-how is developed in that environment," Amanda said.

She also said that MDEX users on HECO, through a series of smart contracts and automated investment strategies Beefy Finance provides a significant increase in liquidity for assets invested in MDEX. Open / Comment