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This Decentralized Exchange Aggregator Now Welcomes Shiba Inu. #Shibainu #crypto2023 #cryptocurrency PondX, the decentralized exchange aggregator, has added the Shiba Inu token to its roster in a move driven by community consensus. The decision-making process was carried out via a poll hosted on X (formerly known as Twitter), where PondX empowered its user base to determine the next token listing. The poll presented several options, including ChainLink, Rollbit, Shiba Inu, and Mog. Shiba Inu emerged as the clear frontrunner, securing a commanding 46% of the votes, while Chainlink trailed in second place with 30% of the vote. PondX serves as a liquidity aggregator, seamlessly pooling liquidity from decentralized exchanges, bridges, and various blockchain networks. Users are incentivized with a share of fees generated from swaps, with rewards calculated based on factors like trading frequency, volume, and the specific tokens involved. Meanwhile, Shiba Inu's lead developer, Shytoshi Kusama, made an important announcement regarding the ShibaSwap launch. The launch on Shibarium, the network's Layer-2 scaling solution, would be postponed to provide ample space for other projects on the network to mature. This strategic delay is aimed at ensuring network stability and security, demonstrating the team's commitment to responsible and well-managed growth. Against this backdrop, the Shibarium network itself has been experiencing remarkable growth, with a recorded user base of over a million wallets. With PondX now supporting the Shiba Inu token, both platforms are poised to benefit significantly from increased liquidity and a wider user engagement. This collaborative move reflects the synergy between DeFi ecosystems and meme-based cryptocurrencies, paving the way for further innovation in the crypto space.

This Decentralized Exchange Aggregator Now Welcomes Shiba Inu.

#Shibainu #crypto2023 #cryptocurrency

PondX, the decentralized exchange aggregator, has added the Shiba Inu token to its roster in a move driven by community consensus. The decision-making process was carried out via a poll hosted on X (formerly known as Twitter), where PondX empowered its user base to determine the next token listing.

The poll presented several options, including ChainLink, Rollbit, Shiba Inu, and Mog. Shiba Inu emerged as the clear frontrunner, securing a commanding 46% of the votes, while Chainlink trailed in second place with 30% of the vote.

PondX serves as a liquidity aggregator, seamlessly pooling liquidity from decentralized exchanges, bridges, and various blockchain networks. Users are incentivized with a share of fees generated from swaps, with rewards calculated based on factors like trading frequency, volume, and the specific tokens involved.

Meanwhile, Shiba Inu's lead developer, Shytoshi Kusama, made an important announcement regarding the ShibaSwap launch. The launch on Shibarium, the network's Layer-2 scaling solution, would be postponed to provide ample space for other projects on the network to mature. This strategic delay is aimed at ensuring network stability and security, demonstrating the team's commitment to responsible and well-managed growth.

Against this backdrop, the Shibarium network itself has been experiencing remarkable growth, with a recorded user base of over a million wallets.

With PondX now supporting the Shiba Inu token, both platforms are poised to benefit significantly from increased liquidity and a wider user engagement. This collaborative move reflects the synergy between DeFi ecosystems and meme-based cryptocurrencies, paving the way for further innovation in the crypto space.

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Crypto VC Investment Declines, Yet DeFi Projects Emerge as Hotspots The prolonged crypto winter has slowed down venture capital interest and investments in the sector. Nevertheless, certain projects continue to attract attention from VC firms and institutions. Crypto VC Funding Dwindles in 2023 Evan Van Ness, a prominent Ethereum advocate, remarked on September 1 that there's been a noticeable decline in crypto venture capital (VC) activity. He emphasized that this decline isn't attributable to a lack of demand. In August, crypto funding recorded a notable decline, plummeting to a mere $283 million, marking a stark contrast to the same period in 2022 when a whopping $1.15 billion flowed into the market. This substantial 75% drop is emblematic of the crypto market's shifting dynamics. A year ago, during the zenith of the bull market in November 2021, investors fervently injected over $7 billion into the crypto sphere within the span of a single month. However, the tides have now shifted dramatically. One prevailing sentiment among crypto experts, including the notable crypto researcher 'Emperor Osmo,' is that the bear market has effectively quashed the exuberant valuations that once prevailed. In this climate, investment allocations are being made with utmost caution and precision. This newfound prudence is exemplified by the selective attention currently directed towards a few key projects. Pendle Finance, for instance, stands out as a project of considerable interest. It operates in the realm of tokenized yield and real-world assets (RWA), boasting significant backing from Binance. Impressively, this platform has witnessed an astounding 850% surge in total value locked since the start of the year. Another noteworthy player is Maple Finance, functioning as a tokenized real-world asset marketplace catering to institutional investors. In a recent development, Maple Finance successfully raised $5 million in August, earmarked to fuel its expansion into the APAC and LATAM regions. #crypto2023 #cryptocurrency #defi
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Arbitrum's Forward-Thinking Incentive Strategy: Igniting Growth and Innovation. #Arbitrum Recently, a proposal was submitted on the Arbitrum community forum with the goal of efficiently allocating 75 million ARB rewards from the DAO treasury to address short-term community needs and support the protocol. This forward-thinking program is designed to undergo a streamlined two-round voting process, comprising a financial proposal and an application process. In the financial proposal, 75 million ARBs will be allocated to designated multi-signature addresses as outlined in the plan. An additional 37,000 ARBs will be directed towards bolstering the operating budget for community and project promotion. The program's primary objectives are centered around catalyzing the growth of the network and its ecosystem. To achieve this, it plans to rapidly incentivize Arbitrum dApps, thereby fostering the network's expansion. Furthermore, the initiative is committed to exploring innovative incentive grants. It aims to discover novel strategies that not only enhance user engagement but also drive up transaction volumes and bolster liquidity within the Arbitrum ecosystem. An equally vital aspect of this endeavor is the quest for groundbreaking grant and developer support mechanisms. These mechanisms are intended to amplify activity on the Arbitrum network and spur innovation within the community. The program will also play an active role in generating incentive data. This data will provide valuable insights into the effectiveness of grant distribution. These insights, in turn, will shape the design of future incentive programs, ensuring their continued success and relevance. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Unveiling Shiba Inu Founder's Identity Through On-Chain Sleuthing: Surprising Affiliations Exposed? #Shibainu The enigmatic figure responsible for the Shiba Inu meme coin, which burst onto the crypto scene in 2020, has remained shrouded in mystery for years. Numerous attempts to unmask this elusive creator, ranging from speculations about FTX's Sam Bankman-Fried to Ethereum's Vitalik Buterin, have yielded no definitive answers. Nevertheless, the relentless pursuit of truth in the cryptoverse has given rise to a fresh theory concerning the originator of Shiba Inu. Has the Veil Been Lifted on the Shiba Inu Founder? A user, going by the handle @boringsleuth, made waves on August 1 with a thought-provoking theory regarding the identity of the Shiba Inu founder. In an intricate thread, this digital detective proposed an intriguing notion – that there may not be one, but two creators behind the Shiba Inu coin. The names put forth were Ryo Suzuki and Tsuyoshi Maruyama, believed by the researcher to have been amalgamated to form the well-known "Ryoshi" moniker. Interestingly, both of these individuals were identified as advisors for B2C2, a prominent liquidity provider in the crypto space. This is where the pieces of the puzzle began to align with Shiba Inu. According to Boring Sleuth, the wallet of this liquidity provider once held a substantial 25% of the total SHIB supply. What's more, they established a crucial link between the alleged founders by highlighting that Tsuyoshi Maruyama swiftly assumed the role of advisor for B2C2 when Ryo Suzuki stepped down from the position in 2021. A subsequent post by the diligent researcher delves deeper into Suzuki's history, connecting him to an internship at Microsoft around the time SHIB was launched. Additionally, it was uncovered that he had visited the renowned MIT Media Lab in 2019, further fueling the intrigue surrounding the Shiba Inu saga.
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Ethereum staking services unanimously set a cap of 22% for all validators. #ETH Several Ethereum liquid staking providers have taken steps to enforce a self-imposed limitation on their ownership within the Ethereum staking market, capping their holdings at a maximum of 22%. This proactive measure has been adopted to safeguard the decentralized nature of the Ethereum network, ensuring that it remains resilient against centralization. Notably, this commitment to the self-limit rule has been embraced by various Ethereum staking providers, either already in practice or in the process of formalizing their commitment. Prominent among these providers are Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance, the latter of which recently declared its dedication to adhering to this self-limitation. The primary objective of this proposal is to address mounting concerns surrounding the potential centralization of Ethereum staking. By establishing a maximum ownership threshold of 22%, the Ethereum community aims to mitigate the risk of excessive consolidation of power within the network. The rationale behind selecting 22% as the cap is rooted in the network's consensus mechanism. For Ethereum, finality is achieved when 66% of validators concur on the state of the blockchain. By setting the self-limit below 22%, the requirement for at least four major entities to collude in order to influence the chain's finalization is introduced. This layer of security helps ensure that transactions within a block are effectively immutable once they reach the finality stage, preserving the integrity of the network. The genesis of this concept can be traced back to May 2022 when Ethereum core developer Superphiz raised a fundamental question: Would a staking pool prioritize the health and decentralization of the Ethereum chain over its own profit motives? It's worth noting that Lido Finance, the largest Ethereum liquid staking provider, took a different stance by voting overwhelmingly, with a 99.81% majority, against self-imposing this limit back in June.
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