For the record, I have never watched CSPAN in my life, let alone almost 5 hours straight. It was riveting to say the least and better than every Crypto podcast I have listened to combined. I am saving off clips, if you like this one I will post more. To me, it is one answer,…
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Cardano (ADA) developer Input Output Hong Kong (IOHK) is announcing the successful launch of a test network (testnet) to allow Ethereum-based tokens to migrate to the Cardano blockchain. IOHK says that it is initially partnering with decentralized artificial intelligence network SingularityNET (AGIX) in the initiative. This marks a significant step forward in driving interoperability between…
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As many of you seemingly enjoyed my other analysis I did earlier today, I thought I'd share this with you as well. In my first post, I analyzed how many coins from the top 200 of the peak of the bull run in 2017 survive to this day and how they developed. But what if…
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India’s Prime Minister Narendra Modi talked about cryptocurrency at a recent Summit for Democracy hosted by U.S. President Joe Biden. He called for global collaboration on cryptocurrencies “so that they are used to empower democracy, not to undermine it.” Prime Minister Narendra Modi Talks About Crypto at President Joe Biden’s Summit for Democracy President Joe […]
Ethereum Gurus, *** I realize in advance how boring talking annnuities (A-nudies is better) but I work with the Annuity data daily. Annuities are highly profitable for some companies, fixed and/or variable. Is there anything in the pipeline, in regard to crypto/blockchain, that will allow consumers to directly get into Annuities and bypass (at least…
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TLDR : Myanmar(Burma) government in exile recognised Tether as an official currency to fight against Military Dictatorship Backstory : There was a coup in Myanmar(Burma) in February 2021. 99 percent of the national loathes the military. As of now there are two governments The military regime (Holding power) The exiled government (won the 2021 election,…
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Yield optimization platforms have become one of the hallmarks of the DeFi industry. The problem with most of these solutions, however, is that they’re not accessible to everyday users. While at the core of their functionality is the ability to automate yield farming operations, they don’t always deliver on user experience nor composability. This is the need that Spool is looking to meet. The new project has recently announced a December 13 Fair Launch using Balancer’s Liquidity Bootstrapping, or LBP, via the Copper platform. The project will distribute 5% of its total supply by opening a weighted SPOOL:DAI liquidity pool that will eventually reach 50:50 over the 3-day period. This way, the SPOOL token will start at a price of 2.44 DAI. The middleware protocol enables the creation of customizable, diversified, and risk-managed DeFi portfolios that fit users’ risk appetites. It acts as an easy and accessible yield optimization tool that combines farming in multiple DeFi strategies via a single deposit. Likewise, the funds in these farms are dynamically rebalanced to optimize for yield and risk. This kind of solution didn’t exist in the Ethereum ecosystem. The initiative for this kind of service was started by the Spool DAO. The decentralized autonomous organization consists of over 40 firms including F2Pool, Genesis Block Ventures, JRR Group, DFG, DigiStrats, CMS, Barnbridge, and Faculty Group. All of whom are leaders in the DeFi space. Genesis Block Ventures’ Leslie Tam commented on the protocol’s potential. “Spool’s middleware solution allows us to create custom strategies that can be integrated in DeFi applications via SDKs. As a fund that is actively ‘farming’ and holding a firm interest in DeFi, this is a toolset that we believe has been missing from the market and we look forward to deploying Spool to provide superior risk-mitigated outcomes for our fund strategies.” Moreover, investors have been keen on backing Spool for its potential to serve the ecosystem as a whole. As a middleware toolkit, it can become a building block solution that connects to other DeFi projects who seek to build better user-facing products. In this sense, Spool can become an essential component to DeFi by offering a white label solution to a whole generation of DeFi apps and 3rd party User Interfaces that can leverage the power of Spool and make simple, diversified yield optimization accessible to everyone.
