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.
The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago. It’s the largest rise in close to forty years, and U.S. policymakers are backing away fast from saying inflation is transitory. Inflation Accelerates in the […]
Global market cap Bitcoin market cap reached US$1 trillion in February 2021. Current overall market cap is between US$2.2 trillion and 2.3 trillion at the time of writing this. Global equities has a market cap of roughly US$300 trillion. Global Ownership Ownership of cryptocurrency broken down by the top 5 countries (Source) India (100 million)…
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I have some BUSD on MetaMask and want to convert it to ETH. So what is the cheapest way to do it? Thanks submitted by /u/skalneka [link] [comments]
The Financial Action Task Force has laid out its perspective on crypto, including its views of nonfungible tokens and decentralized finance.
Here are at least nine reasons why I believe the first property I’ll own will be through a company involved with block chain technology. Real estate NFTs… Eliminate the middleman. Are more secure towards fraud Allows the asset become more liquid Let’s the asset become more fractional. Let’s the asset be more frictionless in transfer.…
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