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The new governance token will have a larger supply than MKR, with a 1200:1 exchange rate to MKR. It will also give access to Maker’s AI-assisted governance tools, allowing token holders to “easily summarize and verify governance rules and processes, or generate new aligned governance proposals,” the proposal said. Source
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Liquidity Book V2.1 will make it more efficient for depositors to add tokens to Trader Joe’s liquidity pools and also improve the on-chain trading experience, Blue said. Trader Joe has three implementations: on Arbitrum, BNB Chain and Avalanche, its biggest. Source
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Input Output Hong Kong (IOHK), the blockchain company behind the Cardano network says the much anticipated Vasil hard fork is “ever closer” after revealing the state of three critical indicators that will trigger the mainnet update. In a Twitter thread posted on Aug. 25, IOHK shared its latest “rollout status” of
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Compound’s previous iterations employed a pooled-risk model, which supported nine cryptocurrencies, including ether (ETH), dai (DAI) and tether (USDT). Under the old model, users would deposit assets into lending pools, where their assets would earn interest. In exchange for their deposits, lenders received cTokens, which represented the value of their
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On Friday, Bitfrost, a Web 3.0 derivatives protocol that provides decentralized cross-chain liquidity for staked assets, launched the updated Slot Liquidity Auction Protocol dubbed "SALP 2.0." Projects such as Moonbeam, Unique network, OAK network, Polkadex, etc., held their parachain crowdloans on Kusama and Polkadot via the original SALP. A total
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The largest crypto exchange's license, awarded in March, was upgraded to allow it to offer a wider range of services. Original Source
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Over the past couple of years, Ethereum rollups have taken two different directions in scaling the base layer, categorized as Optimistic and Zero-Knowledge. Both technologies have seen some level of adoption, with Arbitrum being the most notable Optimistic chain and DyDx taking advantage of ZK technology for its leveraged trading
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Avalanche (AVAX) is replacing its months-old Avalanche-Ethereum Bridge, or AEB, with the aptly named Avalanche Bridge, or AB, according to a Medium post from the company. This newer bridge is allegedly fives times cheaper than the previous one and will act as a “growth engine” for the project’s future.The post
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Place/Date: - October 10th, 2020 at 2:19 pm UTC · 5 min read Source: Cheese Bank In 2020, DeFi is quietly causing changes in the distribution of global wealth. the real benefits will be felt by users in developing countries more so
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The Bancor project has launched a heavily upgraded version of its decentralized exchange, promising to solve what it calls “DeFi’s dirty little secret.”According to a blog post released on Friday, the contracts have been deployed to mainnet in a beta launch mode. Each pool will have its liquidity capped to
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