This isn't a price discussion post, but rather a post on how the crypto space as a whole views ETH as opposed to some other alternatives. And yes, the flippening is entirely possible and this is a step closer to it. submitted by /u/WhalesHeaven [link] [comments]
Is there any chance of it going through or is it stuck in limbo forever? submitted by /u/EmperorCip [link] [comments]
submitted by /u/Darkthw [link] [comments]
Probably 20 years from now, we will all be looking back at Charlie Munger's recent comments: https://www.cnbc.com/2021/12/03/charlie-munger-wishes-cryptocurrency-didnt-exist-admires-chinas-ban.html Apart from speculative investing, I do believe that crypto technology will truly revolutionize the world. As a web developer, I felt it was quite amazing that I could set up a fully functional website that does not…
Read more
I’m new to crypto and lacking a lot of knowledge. Basically I’m hoping some of you would respond to my questions in a “Explain me like I’m 5” style. Thank you in a advance kind strangers. What I undeserved is that ETH is moving to proof of stake protocol. But not there yet. As part…
Read more
Over the last few months, there have been several token launches on Terra. What has been noted, is that there have been two major challenges that continue to occur. First, the initial liquidity pools are just not deep enough. This causes an outrageous manufactured initial price pump, making all the insiders feel really good, but is quite unfortunate for the retail buyer as they are not part of that initial purchase. The second issue is that as soon as the token goes live, all the liquidity at the initial list price is sniped by bots in the first seconds, again forcing the retail buyer to buy in at higher levels. White Whale has designed an initial token launch model that addresses both of these issues while at the same time bootstrapping our own protocol owned liquidity efforts… it is called “THE BOOTSWAP” So what is a BOOTSWAP? Here’s how it works, White Whale is utilizing the latest, freshly audited, open-sourced LBP code graciously provided to the community by the Astroport team. An LBP, or Liquidity Bootstrapping Pool, is a mechanism for launching tokens originally utilized by Balancer that is designed to defer bot activity by starting the token price high and allowing it to float down to price discovery over a pre-set period of time, say 72 hours. LBP’s are also utilized as fundraising tools as the team provides the initial liquidity at a disproportionate ratio, say (98/2 token/stablecoin) and as the tokens are sold the ratio eventually balances out to whatever target ratio is set by the team in the parameters (i.e. 20/80 token/stablecoin), allowing them to claim the stablecoins and so raise capital from the difference. This is how it generally works, however at White Whale they are taking a slightly different approach. The team from White Whale has been signaling their intention to pursue Protocol Owned Liquidity for some time now, with that said, unlike most other LBP events, White Whale’s BOOTSWAP event will not be a token sale or fundraiser in any way. Absolutely none of the profits from the event will go to the White Whale team or incubating entities. The team funds will be deposited into the LBP pool (along with WHALE tokens) initially, and at the end of the LBP event, when the liquidity pool balances at our predetermined ratio of 50/50 UST/WHALE, same as your standard LP token… all of that liquidity will migrate straight to TerraSwap and will serve as the perpetual trading liquidity for the UST/WHALE pair. All of the corresponding LP tokens will be deposited into the White Whale War Chest and be owned by the protocol. So what does this mean? From its inception, White Whale should own the lion’s share of its own liquidity. That’s right… POL right from the start, and It means that because this is not a sale or raise and all of the funds are going straight into the community-owned treasury, there will be no KYC requirements or trading restrictions for this event! Questions that are commonly asked are: how does this benefit the regular retail buyer if the price already starts high? What if it stays high and never comes down? White Whale has thought this through and developed a solution for this scenario. Their goal is to distribute WHALE tokens at fair and honest levels to retail buyers. In order to do so, rather than being another project who under-fills the initial pools to manufacture a pump, the plan is to overshoot demand with our initial pool size. They will be depositing 100 million WHALE tokens into the LBP to start. Their reason for this is arguably refreshing – “Because F#&% The Bots, that’s why. They believe this will give everyone who wants to buy liquid WHALE tokens on the first days of trading an opportunity to do so at good levels without all the juicy initial liquidity being stolen by the bots. The starting price will be $1.00, so if bots want to snipe, that’s the price they will be sniping at. It will then float down to price discovery over a period of 72 hours, or until the target ratio is met
The leading layer-2 DeFi lending protocol, EasyFi Network has launched its #BuildWithEasyFi initiative to encourage the developer community to leverage various benefits offered by the EasyFi ecosystem. As a part of the initiative, EasyFi has announced a Developer’s Fund and Grants program where promising projects and individuals can gain access to the capital necessary to build their products, in turn contributing to the growth of the EasyFi Network. According to the company, the Developer’s Fund has been in the works as part of its roadmap for the year 2021. The fund will encourage open infrastructure development, offering the developer community access to EasyFi’ s resources with the intention of accelerating the overall growth of the entire DeFi ecosystem. Applications are now open for entry into the EasyFi Developer’s Fund and Grants program. The Idea Behind EasyFi Developer’s Fund and Grants EasyFi Network is on a mission to promote the underlying principles of DeFi – Composability and Decentralization. While the blockchain protocols offer adequate levels of decentralization, the only way to drive composability in the ecosystem is to encourage community participation by providing adequate support. The EasyFi Developer’s Fund and Grants program acts as a lucrative support structure. The program focuses on targeted resource allocation to ensure the worthy projects get the necessary tools and resources to develop full-fledged DeFi products. As a part of the initiative, independent projects and groups will be able to collaborate with the EasyFI Network and access various features it offers, which can be readily implemented. To further the applications of EasyFi Network alongside the development of the DeFi ecosystem, EasyFi has shortlisted a set of focus areas for the Developer’s Fund and Grants program. These areas of focus include a mobile-first approach for staking, farming, and lending involving EasyFi pools; automation solutions; dashboards and analytics for EasyFi lending, liquidation etc; use cases for the EasyFi’ s native EZ tokens; cross-chain bridges and infrastructure; third party interfaces for accessing EasyFi lending, staking, and farming pools; and native cross-chain dApps leveraging EasyFi lending pools. “With a vision that leads us to become a DAO eventually, the overarching theme of the protocol has always remained focussed on building open lending infrastructures. We believe that a collaborative approach with a community of believers, will drive the growth & direction of the network. We are very excited to get involved with some very talented people who are planning to work on & integrate the EasyFi lending to create products and applications that extend & grow the protocol.” — Ankitt Gaur, Founder and CEO of EasyFi Network Apply for the EasyFi Network Developer’s Fund With applications open for the program, interested individuals, teams and projects can submit their entry by filling a simple form. They will have to give details about their project, teams along with their contact info, GitHub link for the project and more. Once the application is submitted, the EasyFi team will review them and shortlist the entries that meet the required criteria. They will communicate with the selected applicants detailing further steps. Apply here: https://forms.gle/Q4Ueoait3ZvMujrD8
So let’s say I originally had ETH on Coinbase bought at the price of $2,000 at the time. If I were to convert it to eth2 and stake it, would I still be getting the same rate at 2,000 that I bought it for? submitted by /u/LoLViperNA [link] [comments]
submitted by /u/Electrical_Potato_21 [link] [comments]
Badger has received reports of unauthorized withdrawals of user funds. As Badger engineers investigate this, all smart contracts have been paused to prevent further withdrawals. https://twitter.com/BadgerDAO/status/1466263899498377218?s=20 submitted by /u/fipasi [link] [comments]
