![]() | submitted by jacob_hyke to chromeextensions [link] [comments] |
![]() | submitted by jacob_hyke to chrome_extensions [link] [comments] |
Allows DeFi Dapps to access all Decentr’s dFintech features, including dLoan, dPay. Key innovation is that the protocols is based on a user’s ability to leverage the value of their data as exchangeable “currency”.
A tradeable unit of value that is both internal and external to the Decentr platform.A unit of conversion between fiat entering and exiting the Decentr ecosystem.A way to capture the value of user data and combines the activity of every participant of the platform performing payment (dPay), or lending and borrowing (dLend), i.e a way to peg PDV to tangible/actionable value.Method of payment in the Decentr ecosystem.A method to internally underwrite the “Deconomy.
Simon Dedic - chief of Blockfyre: https://twitter.com/scoinaldo/status/1283787644221218817?s=20https://twitter.com/scoinaldo/status/1283719917657894912?s=21
Spectre Group Pick : https://twitter.com/SPECTREGRP/status/1284761576873041920https://twitter.com/llluckyl/status/1283765481716015111?s=21
Patrons of the Moon/Lil Uzi: https://t.me/patronsofthemoon/6764
CryptoGems: https://twitter.com/cryptogems_com/status/1283719318379925506?s=09t
tehMoonwalker pick who is a TOP 5 influencer per Binance:https://twitter.com/tehMoonwalkestatus/1284123961996050432?s=20https://twitter.com/binance/status/1279049822113198080
Holochain was one of their earliest supporters and they share a deep connection (recently an AMA was conducted in their TG group): https://medium.com/@DecentrNet/decentr-holochain-ama-29d662caed03
![]() | Source submitted by pascalbernoulli to Yield_Farming [link] [comments] It’s effectively July 2017 in the world of decentralized finance (DeFi), and as in the heady days of the initial coin offering (ICO) boom, the numbers are only trending up. According to DeFi Pulse, there is $1.9 billion in crypto assets locked in DeFi right now. According to the CoinDesk ICO Tracker, the ICO market started chugging past $1 billion in July 2017, just a few months before token sales started getting talked about on TV. Debate juxtaposing these numbers if you like, but what no one can question is this: Crypto users are putting more and more value to work in DeFi applications, driven largely by the introduction of a whole new yield-generating pasture, Compound’s COMP governance token. Governance tokens enable users to vote on the future of decentralized protocols, sure, but they also present fresh ways for DeFi founders to entice assets onto their platforms. That said, it’s the crypto liquidity providers who are the stars of the present moment. They even have a meme-worthy name: yield farmers. https://preview.redd.it/lxsvazp1g9l51.png?width=775&format=png&auto=webp&s=a36173ab679c701a5d5e0aac806c00fcc84d78c1 Where it startedEthereum-based credit market Compound started distributing its governance token, COMP, to the protocol’s users this past June 15. Demand for the token (heightened by the way its automatic distribution was structured) kicked off the present craze and moved Compound into the leading position in DeFi.The hot new term in crypto is “yield farming,” a shorthand for clever strategies where putting crypto temporarily at the disposal of some startup’s application earns its owner more cryptocurrency. Another term floating about is “liquidity mining.” The buzz around these concepts has evolved into a low rumble as more and more people get interested. The casual crypto observer who only pops into the market when activity heats up might be starting to get faint vibes that something is happening right now. Take our word for it: Yield farming is the source of those vibes. But if all these terms (“DeFi,” “liquidity mining,” “yield farming”) are so much Greek to you, fear not. We’re here to catch you up. We’ll get into all of them. We’re going to go from very basic to more advanced, so feel free to skip ahead. What are tokens?Most CoinDesk readers probably know this, but just in case: Tokens are like the money video-game players earn while fighting monsters, money they can use to buy gear or weapons in the universe of their favorite game.But with blockchains, tokens aren’t limited to only one massively multiplayer online money game. They can be earned in one and used in lots of others. They usually represent either ownership in something (like a piece of a Uniswap liquidity pool, which we will get into later) or access to some service. For example, in the Brave browser, ads can only be bought using basic attention token (BAT). If tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance. Tokens proved to be the big use case for Ethereum, the second-biggest blockchain in the world. The term of art here is “ERC-20 tokens,” which refers to a software standard that allows token creators to write rules for them. Tokens can be used a few ways. Often, they are used as a form of money within a set of applications. So the idea for Kin was to create a token that web users could spend with each other at such tiny amounts that it would almost feel like they weren’t spending anything; that is, money for the internet. Governance tokens are different. They are not like a token at a video-game arcade, as so many tokens were described in the past. They work more like certificates to serve in an ever-changing legislature in that they give holders the right to vote on changes to a protocol. So on the platform that proved DeFi could fly, MakerDAO, holders of its governance token, MKR, vote almost every week on small changes to parameters that govern how much it costs to borrow and how much savers earn, and so on. Read more: Why DeFi’s Billion-Dollar Milestone Matters One thing all crypto tokens have in common, though, is they are tradable and they have a price. So, if tokens are worth money, then you can bank with them or at least do things that look very much like banking. Thus: decentralized finance. What is DeFi?Fair question. For folks who tuned out for a bit in 2018, we used to call this “open finance.” That construction seems to have faded, though, and “DeFi” is the new lingo.In case that doesn’t jog your memory, DeFi is all the things that let you play with money, and the only identification you need is a crypto wallet. On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name. I can explain this but nothing really brings it home like trying one of these applications. If you have an Ethereum wallet that has even $20 worth of crypto in it, go do something on one of these products. Pop over to Uniswap and buy yourself some FUN (a token for gambling apps) or WBTC (wrapped bitcoin). Go to MakerDAO and create $5 worth of DAI (a stablecoin that tends to be worth $1) out of the digital ether. Go to Compound and borrow $10 in USDC. (Notice the very small amounts I’m suggesting. The old crypto saying “don’t put in more than you can afford to lose” goes double for DeFi. This stuff is uber-complex and a lot can go wrong. These may be “savings” products but they’re not for your retirement savings.) Immature and experimental though it may be, the technology’s implications are staggering. On the normal web, you can’t buy a blender without giving the site owner enough data to learn your whole life history. In DeFi, you can borrow money without anyone even asking for your name. DeFi applications don’t worry about trusting you because they have the collateral you put up to back your debt (on Compound, for instance, a $10 debt will require around $20 in collateral). Read more: There Are More DAI on Compound Now Than There Are DAI in the World If you do take this advice and try something, note that you can swap all these things back as soon as you’ve taken them out. Open the loan and close it 10 minutes later. It’s fine. Fair warning: It might cost you a tiny bit in fees, and the cost of using Ethereum itself right now is much higher than usual, in part due to this fresh new activity. But it’s nothing that should ruin a crypto user. So what’s the point of borrowing for people who already have the money? Most people do it for some kind of trade. The most obvious example, to short a token (the act of profiting if its price falls). It’s also good for someone who wants to hold onto a token but still play the market. Doesn’t running a bank take a lot of money up front?It does, and in DeFi that money is largely provided by strangers on the internet. That’s why the startups behind these decentralized banking applications come up with clever ways to attract HODLers with idle assets.Liquidity is the chief concern of all these different products. That is: How much money do they have locked in their smart contracts? “In some types of products, the product experience gets much better if you have liquidity. Instead of borrowing from VCs or debt investors, you borrow from your users,” said Electric Capital managing partner Avichal Garg. Let’s take Uniswap as an example. Uniswap is an “automated market maker,” or AMM (another DeFi term of art). This means Uniswap is a robot on the internet that is always willing to buy and it’s also always willing to sell any cryptocurrency for which it has a market. On Uniswap, there is at least one market pair for almost any token on Ethereum. Behind the scenes, this means Uniswap can make it look like it is making a direct trade for any two tokens, which makes it easy for users, but it’s all built around pools of two tokens. And all these market pairs work better with bigger pools. Why do I keep hearing about ‘pools’?To illustrate why more money helps, let’s break down how Uniswap works.Let’s say there was a market for USDC and DAI. These are two tokens (both stablecoins but with different mechanisms for retaining their value) that are meant to be worth $1 each all the time, and that generally tends to be true for both. The price Uniswap shows for each token in any pooled market pair is based on the balance of each in the pool. So, simplifying this a lot for illustration’s sake, if someone were to set up a USDC/DAI pool, they should deposit equal amounts of both. In a pool with only 2 USDC and 2 DAI it would offer a price of 1 USDC for 1 DAI. But then imagine that someone put in 1 DAI and took out 1 USDC. Then the pool would have 1 USDC and 3 DAI. The pool would be very out of whack. A savvy investor could make an easy $0.50 profit by putting in 1 USDC and receiving 1.5 DAI. That’s a 50% arbitrage profit, and that’s the problem with limited liquidity. (Incidentally, this is why Uniswap’s prices tend to be accurate, because traders watch it for small discrepancies from the wider market and trade them away for arbitrage profits very quickly.) Read more: Uniswap V2 Launches With More Token-Swap Pairs, Oracle Service, Flash Loans However, if there were 500,000 USDC and 500,000 DAI in the pool, a trade of 1 DAI for 1 USDC would have a negligible impact on the relative price. That’s why liquidity is helpful. You can stick your assets on Compound and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers. Similar effects hold across DeFi, so markets want more liquidity. Uniswap solves this by charging a tiny fee on every trade. It does this by shaving off a little bit from each trade and leaving that in the pool (so one DAI would actually trade for 0.997 USDC, after the fee, growing the overall pool by 0.003 USDC). This benefits liquidity providers because when someone puts liquidity in the pool they own a share of the pool. If there has been lots of trading in that pool, it has earned a lot of fees, and the value of each share will grow. And this brings us back to tokens. Liquidity added to Uniswap is represented by a token, not an account. So there’s no ledger saying, “Bob owns 0.000000678% of the DAI/USDC pool.” Bob just has a token in his wallet. And Bob doesn’t have to keep that token. He could sell it. Or use it in another product. We’ll circle back to this, but it helps to explain why people like to talk about DeFi products as “money Legos.” So how much money do people make by putting money into these products?It can be a lot more lucrative than putting money in a traditional bank, and that’s before startups started handing out governance tokens.Compound is the current darling of this space, so let’s use it as an illustration. As of this writing, a person can put USDC into Compound and earn 2.72% on it. They can put tether (USDT) into it and earn 2.11%. Most U.S. bank accounts earn less than 0.1% these days, which is close enough to nothing. However, there are some caveats. First, there’s a reason the interest rates are so much juicier: DeFi is a far riskier place to park your money. There’s no Federal Deposit Insurance Corporation (FDIC) protecting these funds. If there were a run on Compound, users could find themselves unable to withdraw their funds when they wanted. Plus, the interest is quite variable. You don’t know what you’ll earn over the course of a year. USDC’s rate is high right now. It was low last week. Usually, it hovers somewhere in the 1% range. Similarly, a user might get tempted by assets with more lucrative yields like USDT, which typically has a much higher interest rate than USDC. (Monday morning, the reverse was true, for unclear reasons; this is crypto, remember.) The trade-off here is USDT’s transparency about the real-world dollars it’s supposed to hold in a real-world bank is not nearly up to par with USDC’s. A difference in interest rates is often the market’s way of telling you the one instrument is viewed as dicier than another. Users making big bets on these products turn to companies Opyn and Nexus Mutual to insure their positions because there’s no government protections in this nascent space – more on the ample risks later on. So users can stick their assets in Compound or Uniswap and earn a little yield. But that’s not very creative. Users who look for angles to maximize that yield: those are the yield farmers. OK, I already knew all of that. What is yield farming?Broadly, yield farming is any effort to put crypto assets to work and generate the most returns possible on those assets.At the simplest level, a yield farmer might move assets around within Compound, constantly chasing whichever pool is offering the best APY from week to week. This might mean moving into riskier pools from time to time, but a yield farmer can handle risk. “Farming opens up new price arbs [arbitrage] that can spill over to other protocols whose tokens are in the pool,” said Maya Zehavi, a blockchain consultant. Because these positions are tokenized, though, they can go further. This was a brand-new kind of yield on a deposit. In fact, it was a way to earn a yield on a loan. Who has ever heard of a borrower earning a return on a debt from their lender? In a simple example, a yield farmer might put 100,000 USDT into Compound. They will get a token back for that stake, called cUSDT. Let’s say they get 100,000 cUSDT back (the formula on Compound is crazy so it’s not 1:1 like that but it doesn’t matter for our purposes here). They can then take that cUSDT and put it into a liquidity pool that takes cUSDT on Balancer, an AMM that allows users to set up self-rebalancing crypto index funds. In normal times, this could earn a small amount more in transaction fees. This is the basic idea of yield farming. The user looks for edge cases in the system to eke out as much yield as they can across as many products as it will work on. Right now, however, things are not normal, and they probably won’t be for a while. Why is yield farming so hot right now?Because of liquidity mining. Liquidity mining supercharges yield farming.Liquidity mining is when a yield farmer gets a new token as well as the usual return (that’s the “mining” part) in exchange for the farmer’s liquidity. “The idea is that stimulating usage of the platform increases the value of the token, thereby creating a positive usage loop to attract users,” said Richard Ma of smart-contract auditor Quantstamp. The yield farming examples above are only farming yield off the normal operations of different platforms. Supply liquidity to Compound or Uniswap and get a little cut of the business that runs over the protocols – very vanilla. But Compound announced earlier this year it wanted to truly decentralize the product and it wanted to give a good amount of ownership to the people who made it popular by using it. That ownership would take the form of the COMP token. Lest this sound too altruistic, keep in mind that the people who created it (the team and the investors) owned more than half of the equity. By giving away a healthy proportion to users, that was very likely to make it a much more popular place for lending. In turn, that would make everyone’s stake worth much more. So, Compound announced this four-year period where the protocol would give out COMP tokens to users, a fixed amount every day until it was gone. These COMP tokens control the protocol, just as shareholders ultimately control publicly traded companies. Every day, the Compound protocol looks at everyone who had lent money to the application and who had borrowed from it and gives them COMP proportional to their share of the day’s total business. The results were very surprising, even to Compound’s biggest promoters. COMP’s value will likely go down, and that’s why some investors are rushing to earn as much of it as they can right now. This was a brand-new kind of yield on a deposit into Compound. In fact, it was a way to earn a yield on a loan, as well, which is very weird: Who has ever heard of a borrower earning a return on a debt from their lender? COMP’s value has consistently been well over $200 since it started distributing on June 15. We did the math elsewhere but long story short: investors with fairly deep pockets can make a strong gain maximizing their daily returns in COMP. It is, in a way, free money. It’s possible to lend to Compound, borrow from it, deposit what you borrowed and so on. This can be done multiple times and DeFi startup Instadapp even built a tool to make it as capital-efficient as possible. “Yield farmers are extremely creative. They find ways to ‘stack’ yields and even earn multiple governance tokens at once,” said Spencer Noon of DTC Capital. COMP’s value spike is a temporary situation. The COMP distribution will only last four years and then there won’t be any more. Further, most people agree that the high price now is driven by the low float (that is, how much COMP is actually free to trade on the market – it will never be this low again). So the value will probably gradually go down, and that’s why savvy investors are trying to earn as much as they can now. Appealing to the speculative instincts of diehard crypto traders has proven to be a great way to increase liquidity on Compound. This fattens some pockets but also improves the user experience for all kinds of Compound users, including those who would use it whether they were going to earn COMP or not. As usual in crypto, when entrepreneurs see something successful, they imitate it. Balancer was the next protocol to start distributing a governance token, BAL, to liquidity providers. Flash loan provider bZx has announced a plan. Ren, Curve and Synthetix also teamed up to promote a liquidity pool on Curve. It is a fair bet many of the more well-known DeFi projects will announce some kind of coin that can be mined by providing liquidity. The case to watch here is Uniswap versus Balancer. Balancer can do the same thing Uniswap does, but most users who want to do a quick token trade through their wallet use Uniswap. It will be interesting to see if Balancer’s BAL token convinces Uniswap’s liquidity providers to defect. So far, though, more liquidity has gone into Uniswap since the BAL announcement, according to its data site. That said, even more has gone into Balancer. Did liquidity mining start with COMP?No, but it was the most-used protocol with the most carefully designed liquidity mining scheme.This point is debated but the origins of liquidity mining probably date back to Fcoin, a Chinese exchange that created a token in 2018 that rewarded people for making trades. You won’t believe what happened next! Just kidding, you will: People just started running bots to do pointless trades with themselves to earn the token. Similarly, EOS is a blockchain where transactions are basically free, but since nothing is really free the absence of friction was an invitation for spam. Some malicious hacker who didn’t like EOS created a token called EIDOS on the network in late 2019. It rewarded people for tons of pointless transactions and somehow got an exchange listing. These initiatives illustrated how quickly crypto users respond to incentives. Read more: Compound Changes COMP Distribution Rules Following ‘Yield Farming’ Frenzy Fcoin aside, liquidity mining as we now know it first showed up on Ethereum when the marketplace for synthetic tokens, Synthetix, announced in July 2019 an award in its SNX token for users who helped add liquidity to the sETH/ETH pool on Uniswap. By October, that was one of Uniswap’s biggest pools. When Compound Labs, the company that launched the Compound protocol, decided to create COMP, the governance token, the firm took months designing just what kind of behavior it wanted and how to incentivize it. Even still, Compound Labs was surprised by the response. It led to unintended consequences such as crowding into a previously unpopular market (lending and borrowing BAT) in order to mine as much COMP as possible. Just last week, 115 different COMP wallet addresses – senators in Compound’s ever-changing legislature – voted to change the distribution mechanism in hopes of spreading liquidity out across the markets again. Is there DeFi for bitcoin?Yes, on Ethereum.Nothing has beaten bitcoin over time for returns, but there’s one thing bitcoin can’t do on its own: create more bitcoin. A smart trader can get in and out of bitcoin and dollars in a way that will earn them more bitcoin, but this is tedious and risky. It takes a certain kind of person. DeFi, however, offers ways to grow one’s bitcoin holdings – though somewhat indirectly. A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game. For example, a user can create a simulated bitcoin on Ethereum using BitGo’s WBTC system. They put BTC in and get the same amount back out in freshly minted WBTC. WBTC can be traded back for BTC at any time, so it tends to be worth the same as BTC. Then the user can take that WBTC, stake it on Compound and earn a few percent each year in yield on their BTC. Odds are, the people who borrow that WBTC are probably doing it to short BTC (that is, they will sell it immediately, buy it back when the price goes down, close the loan and keep the difference). A long HODLer is happy to gain fresh BTC off their counterparty’s short-term win. That’s the game. How risky is it?Enough.“DeFi, with the combination of an assortment of digital funds, automation of key processes, and more complex incentive structures that work across protocols – each with their own rapidly changing tech and governance practices – make for new types of security risks,” said Liz Steininger of Least Authority, a crypto security auditor. “Yet, despite these risks, the high yields are undeniably attractive to draw more users.” We’ve seen big failures in DeFi products. MakerDAO had one so bad this year it’s called “Black Thursday.” There was also the exploit against flash loan provider bZx. These things do break and when they do money gets taken. As this sector gets more robust, we could see token holders greenlighting more ways for investors to profit from DeFi niches. Right now, the deal is too good for certain funds to resist, so they are moving a lot of money into these protocols to liquidity mine all the new governance tokens they can. But the funds – entities that pool the resources of typically well-to-do crypto investors – are also hedging. Nexus Mutual, a DeFi insurance provider of sorts, told CoinDesk it has maxed out its available coverage on these liquidity applications. Opyn, the trustless derivatives maker, created a way to short COMP, just in case this game comes to naught. And weird things have arisen. For example, there’s currently more DAI on Compound than have been minted in the world. This makes sense once unpacked but it still feels dicey to everyone. That said, distributing governance tokens might make things a lot less risky for startups, at least with regard to the money cops. “Protocols distributing their tokens to the public, meaning that there’s a new secondary listing for SAFT tokens, [gives] plausible deniability from any security accusation,” Zehavi wrote. (The Simple Agreement for Future Tokens was a legal structure favored by many token issuers during the ICO craze.) Whether a cryptocurrency is adequately decentralized has been a key feature of ICO settlements with the U.S. Securities and Exchange Commission (SEC). What’s next for yield farming? (A prediction)COMP turned out to be a bit of a surprise to the DeFi world, in technical ways and others. It has inspired a wave of new thinking.“Other projects are working on similar things,” said Nexus Mutual founder Hugh Karp. In fact, informed sources tell CoinDesk brand-new projects will launch with these models. We might soon see more prosaic yield farming applications. For example, forms of profit-sharing that reward certain kinds of behavior. Imagine if COMP holders decided, for example, that the protocol needed more people to put money in and leave it there longer. The community could create a proposal that shaved off a little of each token’s yield and paid that portion out only to the tokens that were older than six months. It probably wouldn’t be much, but an investor with the right time horizon and risk profile might take it into consideration before making a withdrawal. (There are precedents for this in traditional finance: A 10-year Treasury bond normally yields more than a one-month T-bill even though they’re both backed by the full faith and credit of Uncle Sam, a 12-month certificate of deposit pays higher interest than a checking account at the same bank, and so on.) As this sector gets more robust, its architects will come up with ever more robust ways to optimize liquidity incentives in increasingly refined ways. We could see token holders greenlighting more ways for investors to profit from DeFi niches. Questions abound for this nascent industry: What will MakerDAO do to restore its spot as the king of DeFi? Will Uniswap join the liquidity mining trend? Will anyone stick all these governance tokens into a decentralized autonomous organization (DAO)? Or would that be a yield farmers co-op? Whatever happens, crypto’s yield farmers will keep moving fast. Some fresh fields may open and some may soon bear much less luscious fruit. But that’s the nice thing about farming in DeFi: It is very easy to switch fields. |
![]() | Hey Parachuters! Seems like ages since I last posted a weekly update, right? Unfortunately, got super busy with IRL work and couldn’t keep up. But fret not! I finally scraped some time out today to get upto speed with all the news from the Parachute universe in May and June and organised them into a series of weekly updates like the ones I used to write earlier. But instead of posting them one by one everyday, thought it might be best to release them all at one go. So here's Part I of VI - All that happened at Parachute + partners from 15 May - 21 May'20: submitted by abhijoysarkar to ParachuteToken [link] [comments] The ParJar swap feature beta testing started this week with a call to testers far and wide. Click here for the latest update and stats on ParJar straight from Cap's mouth - "...it took almost two years of betas and growth to reach 1 million tips (March 7th) nd it’s taken 2 months to to add another 400k..". Amazing! The #par4par raffle continues with a 500k $PAR pool. Peace Love hosted a general knowledge trivia in TTR this week for 10k $PAR in prizes. Gamerboy’s random trivia and Victor’s “Big Trivia” in Tiproom were quite fun as well. Naj (who’s also this week’s Parena winner) hosted a six set quiz in TTR. Charlotte’s been hosting quizzes in a new format for quite some time now. This week too she held one in Tiproom. Jason started a #culturalweekend prompt with an invitation to Parachuters to share "about a cultural dance or ceremony" from their area. "Explain in detail about the dance and why it is important" for some cool $PAR. Among many of the cool stories shared by Parachuters included Nico’s Occitan music from Italy and Soleira’s Dancing Devils of Tinaquillo. Congratulations to Clinton’s FLI charity for partnering with Lumenthropy which is Stellar's philanthropic arm. Remember, all profits from the Parachute Shop go to FLI. Another crypto league with a 150k $PAR prize pot started this week. Gian’s Two-For-Tuesday was a free for all. To revisit all the awesome music posted for 2FT, check out the playlist made by Sebastian. Naj came back from near certain defeat in the finale to win this week’s Parena aXpire CEO Matthew Markham penned an article on remote work and billing software for legal firms. An updated e-flyer for Bilr was released as well. To track the latest $AXPR burn, click here. 2gether added customer support capabilities to their Twitter, Facebook and Discord. Plus, an incident tracker status page was added this week. The XIO dApp which is still in private beta has already seen 500k+ $XIO tokens locked into it. Awesome! To get a feel of how the dApp works, check out Dash’s latest video demo where he also shared some updates on tokenomics. Uptrennd founder Jeff Kirdeikis interviewed Dash over an hour long session to talk all things XIO. $XIO got listed on Idex. Click here to watch an update video on the latest developments. For XIO discussions this week, Citizens brainstormed over the base liquidity pair on Uniswap V2. DeFi Nation’s Clayton Roche wrote a detailed commentary on what XIO is doing right. Birdchain’s mid-May update came out this week. Voyager hosted a business update conference call this week. CEO Steve Ehrlich talked about the platform and crypto in general with Charlie Shrem on the Untold Stories podcast this week. Voyager’s Q3 2020 results were released. Still figuring out how to fund your Voyager wallet? Watch this video to find out. An upgrade to Fantom’s Opera Network was pushed which allows staking different amounts over time. For the latest project update, click here. A community AMA also happened this week where the team talked about a new staking proposal called Fluid Staking. Jeff from Uptrennd sat down to interview IOST co-founder Terry Wang this week. Uptrennd broke into the top 20k Alexa global rankings. Woohoo! GET Protocol’s GUTS Tickets app is now available in Italian as well. DoYourTip’s $DYT is now available on Uniswap V2. What a welcome sight for support engineers. Source: https://2gether.statuspage.io/history Switch’s $ESH token was listed on Stex, ProBit, Crex 24, Hotbit, Bilaxy and Bitcoin.com this week. Bitcoin.com also announced support for the $GHOST airdrop along with a deposit and trade competition. Continuing on its acquisition spree from last week, Switch acquired gaming platform Wavesbet and voting dApp ClearPoll. Whitepaper for the GHOST project by John McAfee was released. They will be airdropping their tokens 1:1 to $ESH HODLers on the 25th. The release of $GHOST has been contentious to say the least. Reflecting on some of the plagiarism allegations levelled against the project, the crew shared their side of the story. The team also sat down for an AMA with Coiner Vietnam. District0x’s latest weekly update talked about the upcoming DappDigest and new developments in Meme Factory among other news. The Q4 2019 quarterly report was released as well. Read all about Hydro’s Financial Offers framework here. If you are a graphic designer, don’t forget to check out this gig at Sentivate. US-residents only. OST’s Simona Pop will be attending a panel discussion by Outlier Ventures next week to talk about dev onboarding. P2P internet ecosystem ThreeFold announced a multi-faceted partnership with SelfKey for KYC and new user onboarding services. Following last week's community vote on the most attractive marketplaces, Passports Marketplace was found to be the most popular. This week, the community voted on their most preferred blockchain to be added to the app. Bank of Hodlers joined SelfKey's Loans Marketplace while Tokens.net joined the Exchanges Marketplace. COTI did a study on IoT payments and how it could offer a solution. The project was selected for the next listing vote on Gate.io. COTI community also got an opportunity to interact with the AtomicWallet team through an AMA this week. Hydro has been constantly updating its dev tools to offer a seamless developer experience Click here to read the latest Constellation Hypergraph mainnet stats. New features were added to the Molly wallet. Click here for steps to install the wallet. TheDailyChain expanded on how the $DAG ecosystem was growing. Pynk CEO Seth Ward wrote about the future of fintech in his EM360 article. Congratulations on crossing the 1k follower mark on Medium. In Shuffle Monster news, most of the $SHUF liquidity on Uniswap was moved to the V2 pool this week. New features were added to the Wibson app with the latest release giving more data control powers to the end user. Pre-staking started on the Harmony mainnet with the opening up of bids by validators followed by the election of the first batch of validators thereby marking the start of Open Staking. And just after, Harmony became the first ever blockchain to support sharded PoS. The news of Open Staking going live was covered by Coindesk and Cointelegraph. More details on what next was shared in a Coinspeaker article. How does a delegator fit into the overall scheme of things? Check out this video. Open staking noobs will find these 101 tutorials helpful. CTO Rongjian Lan also did a community call to explain about it. For the latest development updates otherwise known as #pow thread, click here. Harmony’s EPoS is designed to be fair to all stakers. So make sure to optimise your staking rewards. $ONE Binance wallets were taken down briefly for a temporary maintenance activity. They now support the mainnet coin. Hope you had a chance to participate in the guess-effective-median-stake contest to win some cool $ONE prizes. Click here for the latest staking stats. $ONE was added to Binance Savings which offers a fixed rate of return on locked savings. A minor bug in the staking bug was removed. The APR numbers should get calculated more accurately now. The crew appeared for an AMA with StakingHub. Congratulations to the winners of Stake Heist! Binance and BitMax announced support for staking with BItMax crew also appearing for an AMA. IntelliShare crew sat down for an AMA with CoinNess this week. And with that, we have to close for this week in the Parachuteverse! See you again with another update. Ciao! |
![]() | Sup folks! Here’s Part III of VI of our May-June update catchup (29 May - 4 Jun'20): submitted by abhijoysarkar to ParachuteToken [link] [comments] For this week's #fridayprompt Jason got Parachuters to talk about items "from your childhood that you hold very dear to your heart" and why. Super congrats to Evan (TheEnjineer) for winning this week’s Parena and taking home a cool 20k $PAR. Naj hosted a 2 part trivia in TTR for 10k $PAR in prizes. Peace Love held his “Big Trivia” on Sunday. Victor hosted one in Tiproom as well. The Crex24 exchange peeps were nice enough to add $PAR as one of the contenders in their latest vote-for-listing round. Parachuters put up a great fight even though we didn’t make it in the end. But it was fun. The 4th Parachute League with a prize pool of 100k $PAR will be going live on Crypto Leagues next week. Paper trade your way to glory! For Two-For-Tuesday Gian got folks to share music that had "bands or song titles whose name has a number in it" for 500 $PAR. Like always, Sebastian volunteered to set up the playlist. Enjoy! LordHades' collection of Turbo Cards were his entry to this week's #fridayprompt Matthew from aXpire wrote about LEDES and why it mattered for eBilling. This week saw 200k $AXPR burned as part of the monthly burn event. 2gether CEO Ramon Ferraz shared about some of the recent challenges that they had to overcome in order to keep the ship sailing. The latest #XIOSocial prompt was focused on Citizens and we got to know more about the people behind some of the active XIDs. Dash shared an update on the newest developments on the dApp. Birdchain team published an important reminder for everyone about avoiding scams. If you missed Voyager CEO Stephen Ehrlich’s crypto investment webinar last week, fret not. You can watch it here. The June interest rates look pretty enticing. Still considering whether to get into Voyager? This article might help. Josh from Switch was interviewed by Bitcoin.com exchange this week. $ESH got listed on CoinBene. Folks new to Fantom can watch this intro video for a quick roundup. Uptrennd’s $1UP token was chosen for HitBTC’s latest token listing poll. Uptrennd continues to feature among the top monetized social media platforms by monthly pageloads. For the latest news roundup, click here. The team also announced a partnership with Global Digital Assets to expand market reach and user growth. A new update to the Opacity platform was released this week. Click here to read the latest District0x weekly report. Hydrogen integrated identity verification solution IDology to its platform for KYC checks. Don’t forget to check out Hydro’s report on Payments as a Service (PaaS) and how it will play a key role in Fintech. The ecosystem is growing too with 26 companies applying for Hydro grants to build on the platform. Silent Notary’s Ubikiri released a crowdfunding solution this week. The fintech space continues to grow at breakneck speed: Source: Hydro’s PaaS report Harmony turned 1 this week and announced that Binance’s $BUSD stablecoin will be added to its mainnet. The first ever HRC20 token went live on Harmony as well. ThreeFold announced support for Open Staking on its grid. In addition to $KEY as mentioned above, $ONE was listed on Swapzone as well. Edge and Atomic Wallet will support $ONE as well. All foundational node tokens have been committed to Open Staking. 3.5+ Bn $ONE are now staked by 195 validators. Congratulations to the winners of the Flash Quiz from last week. The team also sat down for an AMA with CoinDCX. The latest community proposal was discussed in a fireside chat. And what a fun way to represent your team. Haha. Did I miss out something? Check out the news roundup in case I did. Intellishare will be creating a fund to support products on its mainnet in order to build the $INE ecosystem. Read the detailed May update for GET Protocol here. $COTI got listed on Indodax. The first recipients of COTI Staking 2.0 rewards received anywhere between 28% to 43% in annualized returns. Read all about it here. Another round of KuCoin staking was launched this week. And if you already didn’t know, node operators can set their own full node fee on the COTI network. DoYourTip’s $DYT token got listed on Txbit exchange with eight different fiat trading pairs. Woohoo! Yup, that’s the Harmony team. Good Luck figuring them out :D SelfKey published a guide to key concepts in crypto lending. Australian crypto-lending solution Helio Lending joined the Loans Marketplace. $KEY was added to My Crypto Stats tracker and Swapzone exchange aggregator. The May progress report was published as well. To keep track of the dev updates, you can also check CoinCodeCap. For a high level understanding of how data flows are handled by Constellation, watch this video explainer by Wyatt. All the moving parts of the Hypergraph ecosystem were listed out here. Pynk’s crowdfunding campaign (which went live last week) was overfunded by 133% of the target within 9 hours. The team also did an AMA with the community as the fundraise went on. If you missed it, you can watch it here. CEO Seth Ward’s thoughts on the effects of COVID-19 on the tech sector was published in a Business Leader article. CyberFM completed its May payments this week. Click here to watch Wibson’s presentation at the Ethereum Buenos Aires event from last week. Wibson Marketing Manager Fiorella Scantamburlo spoke about digital identity at the Latam Blockchain Summit this week. Plus, here’s a handy guide to find out if your Facebook account is truly private. Sentivate’s first technology partner was revealed – it is NordVPN. This was quickly followed by a significant update. The development on the Mycro Hunter App continues unabated. And with that, we have to close for this week! See you again with another update. Bye! |
![]() | Cryptocurrency Investments submitted by dimaver19 to u/dimaver19 [link] [comments] https://preview.redd.it/93gz1j4tt2551.jpg?width=2048&format=pjpg&auto=webp&s=30a4a18bad8032d77989d315138ee8943886c614 1. Masternodes In fact, the term hides servers with a certain number of blocked coins. They are constantly online and sign blocks. The reward is rewarded in the coins of the network. Creating a masternode is an expensive process that is not accessible to every investor. Everyone who wants to set up a masternode must go through a kind of financial selection - to buy a large number of cryptocurrencies. The amount determined by the rules of the network is frozen on the wallet of the owner of the masternode. It is worth noting that the freezing of a significant amount of funds in little-known cryptocurrencies can cause serious losses, primarily due to the volatility of the cryptocurrency market, and secondly, low liquidity when selling, that is, it can be traded on an exchange with a trading volume of $ 10 (at an acceptable price to you price). Analyze information on bitcointalk and other cryptocurrency forums in order to know how the project is developing. Or you will be engaged not in investments, but in the game of roulette. Since the rate of most cryptocurrencies can change by hundreds of percent during the year, it is almost impossible to calculate the future yield of the masternode in dollars. Investors can only focus on the current profit paid to the owners of the main nodes in various cryptocurrencies. Regardless of the selected cryptocurrency, setting up a masternode is reduced to sequentially performing 3 steps: Configuring software for the masternode to work on a remote server. Buying a sufficient amount of cryptocurrency and sending it to your own wallet tied to a masternode. Start masternode. Reliable requirements are placed on the reliability of masternodes: The server must be available 24/7, only insignificant periods of disconnection from the network are allowed (several hours a year). A node needs a dedicated IP address to operate. The speed of the Internet connection should be constant, without significant drawdowns. Ensuring the fulfillment of these conditions in your home or apartment is quite difficult. The user will need to connect a dedicated IP, constantly keep ready a backup communication channel and provide uninterrupted power to the computer in case of a power outage. In practice, it is much simpler and cheaper to rent a virtual server (VPS) or use the services of specialized hosting services that offer their help in setting up a masternode. The unpredictability of the cryptocurrency rate is the main danger in creating a masternode. A prolonged market downturn can significantly increase the payback period. The popularity of the currency also affects the profitability of the masternode: the more transactions go through the blockchain, the higher the reward for the owner of the node. When choosing a masternode, you should pay attention to the following parameters: 1. How long a project is on the market - the more the better. Coins that were created less than a year ago should be treated with caution, however, they just provide the opportunity to receive super-profits. 2. Capitalization - the higher the better. 3. ROI - return on investment. This term defines the return on investment for a certain period of time. It is better to calculate it yourself, since monitoring services try to impress investors and calculate it for short periods of time, including one day, which does not make sense at all. 4. The dynamics of changes in the price of coins. The yield of a masternode may have little or no effect on the outcome of an investment if the price of a coin changes regularly and exhibits an unclear long-term trend. Be sure to analyze the behavior of the value of the coin over the past few months. It is desirable that it be stable and change in accordance with the behavior of Bitcoin. In addition, the changes should be smooth. 5. Developers Examine the team representatives and their past achievements. It is desirable that the developers already had some kind of worthwhile product. At a minimum, they should not be implicated in all kinds of scam schemes - this will partially exclude the possibility of manipulating coin prices or the banal disappearance of the project. https://masternodes.pro/statistics https://masternodes.online/ MNO is a masternode coin monitoring and stats service. MNO does not research or recommend any coin. Do your own research and invest at your own risk. ROI changes often and is not the most important factor. Please consider Dev Team - Community - PURPOSE/Platform - Liquidity - Wallet when making masternode purchases. Masternodes.online uses the CoinGecko API and selected verified exchanges for ALL price, volume and marketcap numbers for validation. The only exceptions are ICOs and newly listed coins that have not yet been listed on CoinGecko or on verified exchanges. 2. ICO, IEO, STO ICO, Initial coin offering - a form of attracting investments in the form of selling to investors a fixed number of new units of cryptocurrencies. The primary exchange offer, IEO is a variant of ICOs managed directly by cryptocurrency exchanges. In the ICO, investors buy tokens in order to benefit from an increase in the value of the asset, or to access the platform services. In STO, investors invest their money in order to receive dividends, an influx of finance or a voting right that is directly tied to a security. Choosing a project for investment: Field of activity Project white paper Presentation Project roadmap Social Networks (audience size, project activity) Team (Developer Profiles) Advisers Estimates of ICO project trackers Difference from competitors Institutional Investors Token Economics (total issue, distribution) Soft Cap and HC Smart contract Github Discounts on pre-sale There are also platforms that are engaged in collective investment in ICOs, therefore you can invest a smaller amount. Also track projects through ICO trackers: https://topicolist.com/ https://icobench.com/ https://icotop.io/ https://icoholder.com/ https://brothersrating.com/ https://www.coinmarketplus.com/ https://foundico.com/ https://icobliss.com/ https://www.trackico.io/ https://icobuffer.com/explore https://icomarks.com/ https://findico.io/ https://ico-analytics.global/ https://www.listico.io/ In my opinion, it is also very important to keep track of which cryptocurrencies large investment funds are investing in, if you have detailed analytics, which coins most venture capitalists have invested and who are currently trading below the ICO price, write in the comments. |
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⟳ f-droid.org from Wed, 26 Feb 2020 20:21:50 GMT updated on Sun, 01 Mar 2020 05:23:29 GMT contains 2962 apps.Added (870)
XE Currency Charts. With this convenient tool you can review market history and analyze rate trends for any currency pair. All charts are interactive, use mid-market rates, and are available for up to a 10 year time period. To see a currency chart, select your two currencies, choose a time frame, and click to view. Dollar-Denominated Bitcoin ETN . The fund’s name is the Bitcoin Tracker One, an exchange-traded note (ETN) that started trading on the Nasdaq Stockholm in 2015. It’s been heralded as the first ... The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin. Crypto Currency Tracker have over 2100+ cryptocurrencies, trusted historical data, details of active, upcoming and finished ICOs. The website provides a list of cryptocurrency and blockchain related events, valid and authentic list of cryptocurrency wallets and Bitcoin mining pools. Bitcoin was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network. Launched in early 2009 by its pseudonymous creator Satoshi Nakamoto ...
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