The tweet spurred speculation that the notable venture capital firm could launch its own Optimism-based layer 2 blockchain. A16Z Crypto’s CTO tweeted: “not an L2.” Source
Optimism’s OP Token Rallies After Cryptic Tweet From A16Z Engineer
Tag: Token
PancakeSwap wants to cap token inflation rate at 3%–5% per year
Decentralized exchange (DEX) PancakeSwap wants to lower its token inflation to anywhere between 3% and 5% per annum, far below current rates of over 20%. In a proposal released on April 18, the DEX cited the need to transition CAKE (CAKE) into a staking model characterized by “low staking inflation,” “real yield drawn from PancakeSwap’s protocol revenues” and “product benefits favoring longer-term CAKE stakers.” “This is a significant and important change for PancakeSwap,” the DEX wrote, while providing an opportunity for tokenholders to vote on appropriate changes and a feedback…
PancakeSwap Leaders Propose Cutting CAKE Token Inflation Target to 3%-5%
The “version 2.5” tokenomics proposal would move CAKE toward a “deflationary model” by slashing the token rewards paid to traders and stakers by over 68%. The so-called CAKE “emissions” on Syrup Pool, PancakeSwap’s main liquidity pool on BNB Smart Chain, would drop by 94% under the proposal. Source
Bitcoin․com Launches VERSE Staking as Ecosystem Token and DEX Heat Up – Press release Bitcoin News
press release As the traditional banking system experiences growing instability with the failures of Silicon Valley Bank, Signature Bank, Silvergate Bank, and Credit Suisse, more individuals are turning to decentralized finance (DeFi) as a secure and attractive alternative. Verse DEX, Bitcoin.com’s decentralized exchange, has been flourishing as a result, enjoying a rapid surge in Total Value Locked (TVL) and gaining recognition as a reliable refuge from traditional banking woes. In recent weeks, Verse DEX has witnessed TVL increase by nearly 300%, surpassing the $15 million mark. This impressive growth has…
Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction – Altcoins Bitcoin News
Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year ago, in May 2022. Tether Supply Is Nearing Its All-Time High The stablecoin market has recently contracted and is currently hovering around $131.94 billion. The decrease in the stablecoin market can be attributed to several dollar-pegged coins that have reduced their token…
New Meme Coin DigiToads (TOADS) Token To List on BitMart Exchange
April 15, 2023 – Mahe, Seychelles The crypto market has been red-hot recently. Bitcoin ripped past $30,000 and Ethereum staking withdrawals will go live, breaking the $2,000 price point – while Bitcoin’s dominance dropped, its price climbs, which means it might be the beginning of an altcoin season. A new powerhouse DeFi project, DigiToads (TOADS), has confirmed it will list on the BitMart exchange soon. The DigiToads presale has already raised more than $1.35 million, and the lack of vesting enables holders to trade TOADS at the earliest available opportunity.…
Kyber Network Advises Liquidity Providers to Withdraw Funds Amid Vulnerability, Token Drops 2%
Decentralized finance (DeFi) protocol Kyber Network has advised liquidity providers on its Elastic product to withdraw funds after finding a potential vulnerability, it said in a tweet. Source
TrueUSD's Bitcoin Trading Volume Nears Tether’s on Binance but Traders Hesitate to Use the Token
TrueUSD's Bitcoin Trading Volume Nears Tether’s on Binance but Traders Hesitate to Use the Token Original
Olympus DAO Votes to Buy More ETH for Treasury Backing OHM Token
Relwyn said the treasury operations team “agrees” with community members’ bullishness, but cautioned the protocol can’t just YOLO everything into ETH without incurring a hearty dose of risk. Number may go up right now, but “number can go down, too,” said Relwyn, Source
Elon Musk’s Tweet Pushes Aptos Token (APT) Price to New Highs
Soon after Elon Musk’s tweet, the Aptos token clocked a total trading volume of $460 million. On the technical chart, APT has formed a bullish pattern and could rally even further. In an interesting development, the Aptos token (APT) got an unexpected boost from the world’s second-richest man Elon Musk. In one of his cryptic tweets, which he deleted later, Elon Musk mentioned ‘AI’ and ‘APT’ spurring massive interest from the crypto community. This was enough to catapult the Aptos (APT) token price to jump more than 10% hitting a…