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
“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
Besides accumulating established cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP, crypto whales are also known for hunting newer coins like RCO Finance (RCOF). Besides accumulating established cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP, altcoin whales are also known to hunt for newer coins like RCO Finance (RCOF). An example is the Friend.tech whale, which recently accumulated over 55,000 newly issued FRIEND tokens before offloading them after the token airdrop launch. Let’s dive into the recent whale activity and explore the potential of RCOF in this dynamic landscape. Crypto…
Bitcoin embodies decentralization, security, and self-sovereignty. But today, financial transactions with Bitcoin require the use of custodians or bridges – a reliance on intermediaries that has led to disastrous losses numbering in the billions of dollars. Discreet Log Contracts (DLCs) are poised to change that by allowing users in the space, for the first time, […] Original
“Self-custody wallet experience was completely broken and required users to go through several hurdles of the Web3 space like blockchain, self-custody, security and trust, signing transactions or gas fees,” said Khandelwal. “Okto is the first such system which provides a Web 2-like single click mobile experience in the Web3.” Source
Crypto is a world built for autodidacts, a playground for polymaths. Tarun Chitra, the founder of the risk management, economic research and software optimization organization Gauntlet, is just one shining example. In a conversation with Chitra, this comes through. It seems there is no corner of crypto he hasn’t examined. Source
Crews Enochs, from Index Coop, discusses the revival of DeFi Yields and D.J. Windle answers questions about DeFi investing in Ask an Expert. Source
On Tuesday, two Bitcoin-centric layer two (L2) initiatives successfully secured funding from strategic investors. Botanix Labs, a startup focused on developing a decentralized Turing-complete L2 EVM (Ethereum Virtual Machine), garnered $11.5 million. Meanwhile, the Bitcoin L2 ZKM attracted $5 million during a pre-seed investment phase. Bitcoin L2 Projects Gain Momentum With New Financing Rounds Throughout […] Original
Speaking to crypto.news in an interview, Andy Fajar Hardika, CEO of Loka Mining, discussed the evolution of decentralized finance (defi) on the Bitcoin network. On April 19, 2024, Bitcoin mining rewards were slashed in half. Mining a block will now generate only 3.125 BTC, compared to the previous 6.25 BTC. Although the Bitcoin halving happens every four years or so this year, it’s really got industry participants talking about how the reduced rewards will affect the mining economy. With each halving event, mining firms have to adapt to a lower-margin…
You might have heard the doomsday analyses comparing the most successful protocols of this wave, like Ethena or Eigen Layer LRTs, with risk management disasters like Terra, without really providing any credible evidence of the parallels. Fact is, this new generation of fast-growing DeFi protocols is much more mature and a lot of thought has gone into risk management. However, there is still plenty of risk. Source