Optimism’s OP Token Rallies After Cryptic Tweet From A16Z Engineer
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
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Token
PancakeSwap wants to cap token inflation rate between 3% to 5% per annum
Decentralized exchange (DEX) PancakeSwap wants to lower its token inflation to anywhere between 3% to 5% per annum, far below current rates of over 20%. In a proposal released on Apr. 18, the DEX cited the need to transition PancakeSwap (CAKE) into a staking model characterized by "low staking inflation," "real
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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. Original Source
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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
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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
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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 Source
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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, Original Source
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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.
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Yearn's Staked Ether Token yETH Gets Mixed Results on Govenance Poll
The non-binding poll seeks to do a temperature check of sentiment toward launching yETH. Source
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Solana Dog Token Darling Bonk Inu Releases BonkSwap DEX
“In the coming months we will integrate incredible, rewarding Bonk-powered games, add innovative trading features like options, and perpetual futures powered by HxroNetwork, and expand liquidity to make trading Bonk easier than any other token in Solana,” Bonkswap developers tweeted. Source
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