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“In Floki’s case, an exploit on our main cross-chain bridge would have a catastrophic impact on the project since this bridge currently holds 55.7% of what FLOKI’s total circulating supply should be. This is a lot of tokens, and that’s more than enough to drain the project’s liquidity pools and
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In the hopes of generating yield while offering users what its best known for, MakerDAO, the issuer of the Ethereum-based stablecoin, DAI, has approved a proposal to deploy $100 million of Circle’s USD Coin (USDC) in a Yearn Finance yield-generating account called a “vault.” The proposal, submitted on January 9, aims
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According to a governance proposal passed on Jan. 23, decentralized exchange (DEX) SushiSwap will soon redirect 100% of trading fees on the platform to its treasury for operations and maintenance for one year's duration. The move came after CEO Jared Grey warned that the exchange "only has 1.5 years of
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xSushi tokens were issued to users who staked tokens on the trading platform SushiSwap allowing them to receive 0.05% as a reward from each trade. Of this, 10% was directed to the SushiSwap treasury. However, as a result of Monday’s proposal decision, 100% of all fees will be sent to
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The former CEO of FTX, Sam Bankman-Fried (SBF), has published a Substack newsletter on Jan. 12, 2023, and the first post is titled “FTX Pre-Mortem Overview.” In the post, SBF maintains that an “extreme, quick, targeted crash precipitated by the CEO of Binance made Alameda insolvent.” The blog post does
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The VIP passes mark the annual film festival’s first expansion into NFTs and were developed in partnership with crypto exchange OKX. Minted on Ethereum, they will provide perks like special access to film screenings and invitations to exclusive events with the festival’s co-founders Jane Rosenthal and Robert De Niro. Source
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Lawmakers in El Salvador have greenlit a law that could facilitate the country’s long-standing Bitcoin bond initiative. El Salvador has taken a monumental step toward adopting and issuing the first-ever sovereign Bitcoin (BTC) bond. On Wednesday, Bloomberg reported that the Central American nation’s Congress recently approved a digital securities law potentially underpinning Bitcoin
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Out of the 16 million ETH staked, roughly 4.65 million have been staked through Lido – a kind of community-driven validator collective. Lido, Coinbase, Kraken and Binance, the four largest Ethereum validators, command a 55.88% share of all staked ETH, according to Nansen. Original Source
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El Salvador has passed landmark legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — which will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”.The bill passed on Jan. 11 with 62 votes for and 16
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