May 29, 2020

Daily Archives

Latest news

  • A guide to claiming SNX staking rewards cheaply

    If you’re staking SNX, you’ve probably noticed that gas prices have been extremely high recently. We’ve written this article to explain how gas works, why prices can be higher for Synthetix transactions compared to other protocols, and the details for a strategy known as “The Clinton Method” for claiming SNX staking rewards as cheaply as possible.  How gas worksGas on Ethereum accounts for two separate components: computation and demand. To pay gas for a transaction, you essentially need to pay … … More

  • Rocket Pool Shares 2.5 Upgrade – Tokenized rETH Staking for ETH2

    Rocket Pool – a rising staking provider for ETH2 – has just released a new ecosystem framework that introduces rETH – an interest-earning version of staked ETH. We’re very happy to announce Rocket Pool 2.5 – Tokenised Staking Deposits, Continuous Staking, Extra Deposit Safety and updated RPL tokenomics. Many big improvements to decentralised staking in ETH2 coming soon. https://t.co/KwW6JBeMsY #ETH #staking
    — Rocket Pool (@Rocket_Pool) May 29, 2020 The 2.5 pla… … More

  • This Week in DeFi – May 29th

    To Our DeFi Community,
    Bang bang. Another awesome week in DeFi in the books!
    One of the most notable announcements this week was the launch of the RenVM on Ethereum mainnet. For those unfamiliar, the RenVM allows users seamlessly mint BTC, BCH, and ZEC on Ethereum. The most important part? It’s trustless (or trust-minimized).
    Ren Protocol provides a novel solution as you’re not relying on a centralized institution to hold your assets cross-chain (like WBTC and BitGo) but instead a pi… … More

  • mStable Launches mUSD Stablecoin Protocol on Ethereum Mainnet

    mStable – a new DeFi protocol unifying stablecoins, lending, and liquidity into one robust standard – officially launched its beta on Ethereum mainnet. 1/ Today, I’m excited to announce that @mstable_ has gone live on the #Ethereum mainnet (in beta) mStable is a protocol that unites stablecoins, lending and swapping into one robust standard.
    Let’s explore what you can do with mStable today https://t.co/eKtZeuacQc
    — Anthony Sassano | sassal.eth (@sassal0x) May 29, 2020… … More

  • Making Maker: May 2020

    May featured two significant announcements for the Maker community. First, on May 3, Maker Governance accepted WBTC (wrapped Bitcoin) as a new collateral asset in the Maker Protocol. The addition of WBTC means that Bitcoin holders can now turn their BTC into WBTC (bring Bitcoin to the Ethereum blockchain), and then use it to generate Dai. Then, on May 12, Maker’s Single-Collateral Dai (SCD) system was shut down. The event marked the end of an era for MakerDAO. There’s a lot more to unwrap fr… … More

  • Balancer Liquidity Mining Begins

    The proposal of distributing Balancer Governance Tokens (BALs) to liquidity providers on Balancer has received very positive feedback across the board. Some interesting questions have been discussed on our discord channel, and one common desire by the community has become clear: before liquidity mining starts, a tool for the creation of custom pools was necessary. This would ensure no one would be left out.Pool Creation ToolEven though Balancer Labs had already made available a step by step tuto… … More

  • DeFi Builders Are Neglecting Data-Related Risks And It Could Lead to Massive Failures: Sergey Nazarov

    Hello Defiers! This week’s interview is with Sergey Nazarov, the cofounder of oracle provider Chainlink. The way blockchain applications get their data has proven to be crucial, as failures in those systems have been at the core of many of the latest attacks in decentralized finance. As Chainlink’s large and active group of supporters and token holders,… Read more … … More

  • Executive Vote: Add USDC-B and TUSD as New Collateral Types

    The Maker Foundation Interim Governance Facilitator has placed an Executive Vote into the voting system, which will enable the community to approve the following alterations to the protocol: Add USDC-B as a Collateral Type – May 25, 2020Add TUSD as a Collateral Type – May 25, 2020 The Executive Vote (FAQ) will continue until the number of votes surpass the total in favor of the previous Executive Vote. This is a continuous approval vote. Review These changes were discussed… … More

  • Everything You Need to Know About Reddit’s New Blockchain-Based Community Points

    The “Front Page of the Internet” is using Ethereum for a pilot program of its new reputation system. Here’s what it means for Redditors and for mainstream blockchain adoption.By Coogan Brennan, Technical Trainer at ConsenSys AcademyA few weeks ago, Reddit announced a new pilot program built on Ethereum. It’s great news for adoption and we wanted to dig in a bit more into the background…What’s Reddit Again?Reddit is a collection of discussion boards (called subreddits) on various topics where mem… … More

  • Our Network: Issue #23

    Click here to join our telegram chat. Welcome to Issue #23 of Our Network, the newsletter about on-chain analytics that reaches more than 2000 crypto investors every week.This week our contributors cover the following projects:PoolTogetherNexus MutualChainlinkOpynBasic Attention Token 🆕Network Coverage🟢 PoolTogetherContributor: Leighton Cusack, CEO of PoolTogetherPoolTogether is a protocol for no loss savings games on Ethereum. The two primary growth metrics are unique … … More

  • College Students, Gap Year, and Bitcoin

    This installment of The Pomp Letter is free for everyone. I send this email to our investors daily. If you would also like to receive it every morning, join the 50,000 other investors today.Subscribe nowThe following is a guest post by Ryan Selkis, the founder and CEO of Messari. They build research tools for crypto enterprises and professionals.One of the most fascinating second-order effects of the coronavirus is its impact on higher education. It’s no longer a given that colleges w… … More

  • Friday Open Thread: Is crypto about to enter a bull market?

    Are we about to enter a bull market?You’ve been around. You know what’s up. So I want to know what you think. BTC still down 53% from all-time-highs. ETH still down 84% from all-time-highs.But are we on the cusp of another bull run? The next 10x wave of adopters?Are we headed to all-time-highs? Beyond?It’s late-May 2020. Let’s hear what the community says. Let’s take a snapshot in time. Is crypto about to enter a the next bull market or not?Why do think so? … More

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