Similar to EigenLayer, Symbiotic will offer a way for decentralized applications, called actively validated services, or “AVSs,” to collectively secure one another. Users will be able to restake assets that they’ve deposited with other crypto protocols to help secure these AVSs – be they rollups, interoperability infrastructure, or oracles – in exchange for rewards. Source
Let’s say you plug into the network and say, “Hey, I’m a harvester.” Then we put out a bounty for someone in the locality to become a validator, who goes to your place and just validates that, “Hey, these guys have the infrastructure for it.” So what happens, in essence, is we’re creating a bunch of these local green jobs. And all of these different tasks are gamified using our bounty system. Source
Hoak’s admission comes one day after Cypher’s founder Barrett accused him of systematically draining troves of valuable cryptos from the protocol’s redemption contract over multiple months, beginning in December. Citing on-chain data, Barrett said Hoak ultimately sent assets worth around $300,000 (at current market prices) to Binance, presumably to cash them out. Source
Indeed, part of Pertsev’s defense was acknowledging that, even if money laundering was happening, because the protocol operated like a robot on a blockchain and users always maintained “exclusive control” over their funds, if anyone is to blame it is the users themselves. This is to say nothing that Tornado’s devs did maintain a frontend, through which 90+% of users went through. Source
Ethereum core developer Ansgar Dietrichs, who co-wrote EIP-3074 and EIP-7702 with Buterin, said in an interview with CoinDesk via chat that the newest proposal was “the result of a week or so of him being involved in the account abstraction research conversation.” Source
“It’s a much more sophisticated operation,” Smith said. “I feel like I used to walk around Washington, and people would say ‘Oh, there’s Kristin, she works for that little blockchain industry thing.’ Now it’s like, ‘Oh wow, that’s the powerful crypto industry and they’re here to influence Washington and are pulling out all the tools to do it.” Source
“LUSD is great for its decentralized capabilities, but it doesn’t have the built-in flexibility to adapt to changing market environments like rising or falling interest rates,” Samrat Lekhak, head of business development and communications at Liquity, said in an interview over Telegram. “In times of positive interest rates, this implies a need for a continuous yield source for the stablecoin, which BOLD provides.” Source
Even in anything-goes crypto trading, there are conventions designed to protect the little guy. One of those is the vesting period – a window of time following a digital-token sale or airdrop where early investors, such as founders, project contributors and venture-capital backers, are locked up from dumping their allocations. Source
Billionaire Peter Thiel’s Founders Fund is the lead investor, Polymarket founder Shayne Coplan told CoinDesk via Telegram message. Other participants include Ethereum creator Vitalik Buterin, 1confirmation, ParaFi and Dragonfly Capital, Coplan said. He did not disclose how much the company was valued in the transaction. Source
“He has been at the forefront of advocating for blockchain to improve the infrastructure of our financial system,” Charles Cascarilla, CEO and co-founder of Paxos, said in a statement. “His insights will support us as we expand our position as a leader in regulated digital asset market structure and stablecoin innovation.” Source