Here is the transaction. https://etherscan.io/tx/0x35bb1a312b59703cfd7077f0b0e28ae3c9b6caad4fa9b78a355ebd35e71cee11 I am using both MetaMask app and Web3 app. I know I shouldn't but I couldn't afford to buy a hardware wallet yet. I have stopped the iCloud autosaving feature after MetaMask asks everyone on iOS to do so. This news. Could I be too late to do that?…
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The mainnet launch opens up the crypto ecosystem to instant decentralized loans using non-fungible tokens (NFTs), JPEG and metaverse assets as collateral. Drops DAO, a decentralized lending platform, is celebrating the launch of its mainnet, unlocking its ecosystem for users to borrow loans and interact with everything the ecosystem has to offer. Announced Wednesday, the transition to the mainnet will provide users with collateralized loans for NFTs, DeFi assets, and metaverse collections. The launch of the mainnet allows users to lock their assets as collateral, providing the NFT and DeFi ecosystems with additional liquidity and utility. Now, users can easily use their idle NFT, metaverse and DeFi assets as collateral to borrow instant loans through its lending tools. This means users can access capital without relying on centralized entities, enhancing the growth and boosting adoption rates for DeFi and NFT projects. Drops DAO was founded back in early 2021, a time that had seen the NFT and metaverse conversation reach fever pitch. Nonetheless, the idea of using these assets as collateral to borrow loans seemed “unrealistic” to Drops founder, Darius Kozlovskis. “But after major shifts in the market and a tireless year of research and development, we finally arrived at what can become a new financial primitive for NFTs,” Kozlovskis stated. “We’re at the dawn of metaverse finance and are truly excited to be part of it.” The project has since raised $1 million in seed capital funding to develop NFT-collateralized loans from top investors in the crypto space. Investors include Axia8 Ventures, Bitscale Capital, and AU21. Furthermore, the project is supported by numerous angel investors, including Enjin CEO Maxim Blagov, NFT whale 0xb1, Joseph Delong, Quantstamp CEO Richard Ma, Marc Weinstein, and Cooper Turley. The Drops NFT collateralized loans As alluded to, Drops DAO provides decentralized loans for NFT, metaverse, and DeFi assets by leveraging its lending pools. These lending pools allow any type of NFT asset to be used as collateral — from NFT collections and metaverse items to financial NFTs. The platform sets itself apart from the competition by providing users with up to a 60% collateral ratio and a highly scalable network. The collateral ratio is due to an isolated pools system, whereby whitelisted NFT collections are accepted as collateral, with multiple tokens available to borrow or supplied as collateral. On the other hand, the platform also protects lenders and rewards them highly for providing loans. Riskier collections, or non-whitelisted NFT collections, offer higher utilization and in turn higher interest rates for the lender. Lastly, it enables any NFT collection to gain broader utility and liquidity through these lending pools, alleviating sell pressure on secondary markets.
Is there any way to see how much Binance holds of rvn? Can anyone explain to me what happens if an exchange like Binance runs out of rvn for example. submitted by /u/A-piece-ofToast [link] [comments]
submitted by /u/anon43850 [link] [comments]
If this doesn't scare people who put there money into the product I don't know what will. The fact that it's gone to the point of them having to censor posts should be enough to tell you that that stake you gave them could be in trouble so many red flags. Do they not think…
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Cryptocurrency exchange Binance has received regulatory approval from the French financial regulator to operate as a registered digital asset service provider. “Binance will significantly scale our operations in France to make crypto and our services more accessible to all,” the exchange said. Binance Becomes a Fully Regulated Crypto Exchange in France Crypto exchange Binance announced […]
I have a practical real world use question about crypto. My wife and I have separate banking accounts and we split EVERYTHING. We are constantly sending cash back and forth to each other. Every month she writes me a check for her portion of the mortgage. I deposit that check and then wait three to…
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I've barely payed attention to the market lately, in fact for sanity reasons this is my first post on here in months. Everyone was confident when we hit 3 trillion, surely with companies like Binance and so on making international headlines it was ' game over ' for those that still wanted to get into…
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Despite sporadic market conditions NFT collectors are on track to spend more on NFTs in the first half of this year than in all of 2021.
Ethereum started a major decline from the $2,970 zone against the US Dollar. ETH dived below $2,800 and might accelerate lower below the $2,700 support. Ethereum started a major decline after it failed to surpass $2,970. The price is now trading below $2,800 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline further if there is a close below the $2,700 support zone. Ethereum Price Dives Ethereum struggled to settle above the $2,950 resistance. ETH topped near the $2,970 level and started a fresh decline. There was a sharp move below the $2,900 and $2,850 levels. Besides, there was a break below a key bullish trend line with support near $2,900 on the hourly chart of ETH/USD. Ether price declined below the $2,800 level and the 100 hourly simple moving average. Finally, there was a spike below the $2,720 support level. A low was formed near $2,678 and the price corrected a few points. There was a recovery wave above the $2,720 level. The price even climbed above the 23.6% Fib retracement level of the recent decline from the $2,969 swing high to $2,678 low. On the upside, an initial resistance is seen near the $2,760 level. The first major resistance is near the $2,820 level. It is near the 50% Fib retracement level of the recent decline from the $2,969 swing high to $2,678 low. The main breakout zone is now near the $2,875 level. Source: ETHUSD on TradingView.com A close above the $2,875 level could open the doors for a decent increase, In the stated case, ether price might rise towards the $3,000 resistance. More Losses in ETH? If ethereum fails to gain pace above the $2,760 resistance, it could continue to move down. An initial support on the downside is near the $2,720 zone. The next major support is near the $2,680 level. If there is a downside break below $2,680 and the recent low, ether price might accelerate lower. In this case, it could even decline below the $2,600 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is now moving in the bearish zone. Hourly RSI – The RSI for ETH/USD is now well below the 50 level. Major Support Level – $2,680 Major Resistance Level – $2,760
