The new impermanent loss-protected liquidity solution aims to make DeFi staking easier for DAOs and their token holders. Source
Bancor 3 Goes Live With Polygon, Yearn, Others as Partners
Day: May 11, 2022
Inflation Rose to 8.3% in April, With Monthly Core CPI Doubling From March
The consumer price index (CPI), the most widely used gauge to track inflation, dropped to 8.3% in April from a year earlier, down from 8.5% in March, a four-decade high, according to the report published Wednesday. Economists had estimated an 8.1% rate for April. Source
Galaxy Digital Shares Jump 5.5% After Buyback Announcement
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ETH Bounces Back, up 2%, While BTC Climbs Above $30,000 – Market Updates Bitcoin News
Following a fall below $30,000 on Tuesday, BTC marginally rebounded, as prices began to consolidate above support. ETH was also higher in today’s hump-day session, climbing above $2,400 in the process. Bitcoin Bitcoin’s bleeding somewhat eased on Wednesday, as a marginal rebound pushed the price above $30,000. Prices were trading below this level on Tuesday, as the world’s largest cryptocurrency hit an intraday low of $29,944.80. So far today, BTC/USD has risen to a peak of $32,242.15, as it begins to move away from yesterday’s eleven-month low. BTC/USD – Daily…
Bancor 3 goes live with impermanent loss protection for liquidity providers
Bancor, the first decentralized finance protocol to introduce liquidity pools, has come out with a new liquidity solution with the launch of its v3, called Bancor 3. Bancor 3 went live with a promise to offer protection against impermanent loss to liquidity providers. The new architectural changes promise to bring sustainable on-chain liquidity and make decentralized finance (DeFi) staking simpler for decentralized autonomous organizations (DAOs). The v3 project has attracted more than 30 projects and tokens — including Polygon’s MATIC, Synthetix Network Token (SNX), Yearn.finance’s YFI, Brave’s Basic Attention Token (BAT), Flexa’s…
Putin Obliges Election Candidates to Report Crypto Holdings Outside Russia – Regulation Bitcoin News
President Vladimir Putin has approved amendments to his own decree requiring Russian citizens running for office to declare their property abroad. The updated regulation lists cryptocurrencies among the assets that candidates should report to the state. President Putin Requires Russian Officials to Reveal Crypto Asset Purchases in Foreign Countries Candidates for government offices in Russia are now expected to provide authorities with details about the crypto funds they have acquired in other jurisdictions. A decree recently signed by Vladimir Putin adds the requirement to an earlier presidential decree on the…
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Merge Testing on Ethereum: What Is It and Why Does It Matter?
Ethereum’s developers are using new testing infrastructure to assess network mechanics and client readiness ahead of the Merge. Source
The9 Buys Data Center in Kyrgyzstan to Host 7,500 Antminers
The firm expects the 31.5 MW facility to be ready in July. Source
Terra founder Do Kwon shares plan to save the UST stablecoin peg
Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA) and TerraUSD (UST) endured a face-ripping freefall, Do Kwon has announced his “rescue plan” for the Terra community. Terra is down 90% from its all-time highs, while the “stablecoin” UST is 75% below the dollar parity. But have no fear, cocky Kwon has planned “several remedial measures,” to rescue the billions wiped off the total Terraform Labs market cap. 2/ I understand the last 72 hours have been extremely tough…