Comprehensive guide on how to stake on StaFi protocol
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https://autonomous.graphics is an NFT project created by Signal founder Moxie Marlinspike. Any artist can increment onto the previous version, and each time the artwork is updated (minted), every artist who has contributed receives the purchase price, currently 1.5 ETH, distributed evenly between them. This is a fascinating social experiment, by not only rewarding each and…
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We provide over 100+ FREE crypto articles on our SubStack! 😀 (Link on our profile). This is not financial advice. TLDR: Understanding the two terms of APR and APY becomes even more important in DeFi today, as nearly all protocols with yield farming fields display these numbers. Knowing them well is not only for understanding…
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PRESS RELEASE. In the world of cryptocurrencies, it is important for any crypto exchange to offer plenty of different options when it comes to making money. This is precisely why Bitrue, a leading cryptocurrency exchange, has recently announced the launch of a new yield farming hub, available to all of its users from January 10th […]
Via an official blog post, the Stellar Development Foundation (SDF) announced a new account model called Muxed. Created to remove friction and facilitate user interaction with the account model based on this network, and the multiple services build on top of it, the Muxed accounts seem to be an important improvement for the entire ecosystem. Related Reading | Stellar Network Processes 1.8 Billion Transactions, Was 2021 Its Best Year Ever? According to the post, a Muxed account is one that combines the GABC and 64-bit integer ID to create a “virtual” account under a traditional address. Due to its characteristics, a muxed account can be identified within a real account. Thus, if there is a service or product using Stellar to pool multiple accounts, they can now manage them with more ease and will be able to eliminate burdensome issues, such as meme problems. The SDF has called on “products and services built on Stellar” to check if the validators are compatible with the new account model and asked them to “come up with a plan to implement” muxed accounts into their system. The organization said: Custodial services generally use muxed accounts to map incoming payments to an internal customer database. Businesses may use muxed accounts to map incoming payments to an invoice or customer account. Other characteristics for muxed accounts, as revealed by the SBF, are the differences in its encoding, they will be 69 characters long and not 56 as a traditional account, and in their base values. As a result, Muxed accounts will have M as their first character rather than G. Muxed To Improves Transaction Experience On Stellar Per its GitHub repository, Stellar’s new account model could open more possibilities for the users, and all actors operating on this network and could finally remove the limitations of using a memo-based model: Experience shows that people frequently forget to include the memo ID, resulting in either lost funds or onerous support calls. Moreover, memo IDs are per transaction, not per occurrence of an account ID, which imposes restrictions on the use of multiplexed accounts. (…) By adding an optional memo ID to the account ID type, we make multiplexed (Muxed) accounts a first-class abstraction that can be used anywhere a normal account ID can be used. This could significantly improve the way exchanges and custodial services operate with Stellar transactions, and users will save time and money as they will no longer need to manually participate in a transaction. The SBF revealed that muxed accounts was implemented in the Protocol 13 update. This update was introduced in 2020, but muxed accounts remained hidden until yesterday, January 10th, 2022. Due to its incompatibility with older versions of the Stellar software, projects on this network were given time to update and adjust to the new model. Related Reading | How Stellar Will Host Ukraine’s CBDC Pilot Test With Tascombank As of press time, XLM trades at $0.22 with sideways movement in the 4-hour chart, as seen below.
“Given the intensity of our work throughout the year, we think this is the best way to ensure our pace is sustainable for the long term,” said chief people officer L.J. Brock.
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He said two less hawkish things today that apply to crypto (Yes, I actually listened to the entire stream). The first and probably most specific to crypto is that he wasn't against stablecoins continuing to exist even if they began to issue a CBDC USD-meaning there's less of a threat that stablecoins would suddenly collapse…
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