🔍 Exploring ZeroLend (ZERO) - Decentralized Lending on zkSync and Manta Network 🔍
🚀 Let's dive into key features and potential of #ZERO in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: ZeroLend is a decentralized lending platform built on zkSync and Manta Network, featuring a unique lending and borrowing system across various assets and blockchain networks. Governance is conducted through its native token, ZERO.
2️⃣ Technology and Features: ZeroLend leverages zkSync and Manta Network, offering gas-less transactions, $ONEZ stablecoin, governance ($ZERO), and plans for Real-World Assets and a Privacy Layer using zkStack.
3️⃣ Whitepaper Analysis: ZeroLend is the largest lending market on L2s—Linea, zkSync, Manta, Blast, and X Layer—with a focus on liquid restaking tokens (LRTs) lending, governance, real-world assets (RWAs) lending, and account abstraction.
4️⃣ Use Case: $ZERO serves utility and governance functions, allowing participation in staking, earning incentives, and accumulating transaction fees and validator rewards.
5️⃣ Team and Leadership: Founded by Ryker, ZeroLend boasts a skilled team in business development, development, marketing, and customer service.
6️⃣ Partnerships: Securing partnerships with prominent VCs like Momentum , Blockchain Founders Fund, and others, ZeroLend is well-positioned for growth.
7️⃣ Security and Audits: Independently audited, ZeroLend ensures the safety of user funds with battle-tested smart contracts inherited from Aave V3. The ZeroLend team has further taken steps to secure the protocol by conducting external audits with reputed third-party auditors Mundus.dev and Peckshield.
8️⃣ Tokenomics: With a total supply of 100 billion and a gradual release over 100 years, ZERO tokenomics are designed for scarcity, with emissions halving every 12 months.
9️⃣ Exchanges: ZERO tokens are tradable on major exchanges like Kucoin, HTX, OKX, Gate.io, and Bybit, providing liquidity and accessibility.
🔟 Recent Developments: ZeroLend's native governance token ZERO is launched in 2024, following a successful Seed Round closure, securing 3 million USD at a 25 million valuation.
1️⃣1️⃣ Conclusion: ZeroLend (ZERO) presents a promising DeFi solution with robust technology, a strong team, significant partnerships, and planned token launch, poised for future growth.
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Join YOLO Games with my invite code: 96EFA
In the rapidly evolving world of blockchain and cryptocurrency, a new player has emerged to redefine the gaming landscape: YOLO Games. Positioned at the forefront of on-chain gaming innovation, YOLO Games offers an adrenaline-fueled experience that promises to reward players in unprecedented ways. Whether winning or losing, players are guaranteed to reap rewards, making every game a lucrative venture.
A New Era of Gaming Built on Blast
YOLO Games breaks away from conventional blockchain limitations by harnessing the power of Blast's layer two solution. This strategic choice catapults players into a realm of near-instant transactions and dynamic gameplay, far removed from the sluggish block times and congestion typical of traditional blockchains. The platform not only ensures a smoother gaming experience but also significantly reduces gas fees, with the added bonus of supporting the developer community through the allocation of 100% of these fees.
Unmatched Player Rewards
At the heart of YOLO Games' philosophy is a commitment to rewarding its players. The platform offers a comprehensive rewards system where players earn from a variety of sources: 100% of fees generated, 100% of native yield, and 100% of Blast incentives. Additionally, players can look forward to $YOLO tokens, adding another layer of value to their gaming endeavors.
YOLO Points: The Ultimate Rewards System
YOLO Games introduces YOLO Points, a rewards system that transcends the ordinary. Players accumulate Points through gameplay, completing challenges, and achieving milestones, with higher-risk activities offering the most substantial rewards. These Points can then be exchanged for $YOLO tokens at the season's end, ensuring that every action on the platform is a step towards tangible rewards.
Diverse Gaming Suite for Every Type of Player
YOLO Games' suite of crypto games caters to a wide range of preferences and risk appetites:
MOON or DOOM: A thrilling game where players predict the short-term movements of crypto prices. Using real-time data from Pyth’s feeds, players must guess whether prices will rise (MOON) or fall (DOOM) within a 60-second window.YOLO: A high-stakes battle royale where players contribute to a shared pot, with the winner taking all. The game employs Gelato for randomness, ensuring fairness and transparency in the outcome.Poke the Bear: A lower-risk, yet equally engaging game that involves players taking turns to poke a sleeping bear, hoping not to wake it. This game also uses Gelato to guarantee the fairness of its outcomes.
Conclusion
YOLO Games is not just a gaming platform; it's a revolutionary ecosystem designed to enrich the on-chain gaming experience. By leveraging advanced blockchain solutions and offering an unmatched rewards system, YOLO Games is set to become a haven for gamers and 'degens' alike. With its diverse suite of games, YOLO Games ensures that there is something for everyone, making each game not just about the thrill of play but also about the promise of reward. Welcome to the future of on-chain gaming, where everyone is a winner.

Join YOLO Games with my invite code: 96EFA

#blast #layer2 $BLUR #GAMEFY #game $ETH

The world of cryptocurrency and blockchain technology is constantly evolving, with new solutions and innovations emerging regularly. One such development is Coinbase's layer-two scaling solution, Base, which promised to enhance the scalability and efficiency of the blockchain. However, just a month after its launch, Base encountered its first major hiccup – an internal infrastructure glitch that halted block finalization for over an hour. In this blog, we'll delve into the details of this outage and explore the broader context of challenges faced by Layer-2 networks.

Unfortunate Outage

Coinbase's Layer-2 solution, Base, experienced its first outage due to an internal infrastructure glitch shortly after its launch. This unexpected interruption left users unable to submit transactions for over an hour.

Developer Response

In response to the outage, Base developers issued a statement acknowledging the problem and assuring users that they were actively investigating the issue. Transparency and communication during such incidents are crucial to maintaining trust within the cryptocurrency community.

Coinbase's Role

Coinbase is the sole node operator for Base, which raises questions about centralization and dependency. This incident highlights the importance of decentralization in blockchain networks and the potential risks associated with centralized control.

Comparing with Ethereum and Solana

Even well-established blockchain platforms like Ethereum and Solana have faced their fair share of downtime issues. Ethereum experienced two outages earlier in the year, while Solana had a series of outages in 2022 and a significant one in February 2023. This begs the question: Are Layer-2 solutions more susceptible to downtime than Layer-1 networks?

Bitcoin's Uninterrupted Decade

In contrast to these Layer-2 and Layer-1 networks, Bitcoin has maintained a remarkable track record of 100% uptime for over a decade. Examining the factors that contribute to Bitcoin's reliability can offer valuable insights into building robust blockchain infrastructure.

In Summary

The recent outage of Coinbase's Layer-2 scaling solution, Base, serves as a reminder of the challenges and complexities that come with pushing the boundaries of blockchain technology. While such incidents are not uncommon, they emphasize the importance of robust infrastructure, decentralization, and transparent communication in the world of cryptocurrencies. As the industry continues to evolve, addressing these challenges will be essential to realizing the full potential of blockchain technology.

#Coinbase #BASE #layer1 #bitcoin #layer2