With gas fees so high I legitimately do not understand the incentive at all to put an NFT or anything on the ETH network. Why do people do it? Please don’t rail me, I’m just a genuinely curious person with an outside perspective and no idea why the hell someone would use a network that…
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David Raper and Garry Duursma will be joining the advisory board at Australia’s largest crypto exchange, BTC Markets.
The universal layer 2 digital assets lending protocol, EasyFi Network has announced that it is now live with its lending protocol on Polygon. The new lending protocol went live on Nov 15, 2021 and will be initially supporting six money markets with supplying and borrowing on Polygon Network. While announcing the latest development, COO and Co-founder of EasyFi Network Anshul Dhir said,” Six money markets on our protocol on Polygon Network are now open for operations. We have now completed a major milestone in our Q4 2021 roadmap that of Full protocol launch. We have launched the markets first on Polygon Network and will be soon followed with launch of markets on Binance Smart Chain and other networks.” In order to ensure the safety and security of its userbase, EasyFi Network has carried out a lot of groundwork leading up to the launch. The protocol has been subjected to a full security audit by one of the leading cybersecurity firms — Halborn Security. The exercise Included analysis and testing of the project’s smart contracts through almost all possible scenarios to ensure compliance with global security standards. In addition to the external audits, EasyFi continues to carry out its own internal audits to identify areas of concern and implement corrective and risk management actions. The exhaustive list of internal audits includes penetration testing, vulnerability assessments and DDOS simulation tests. EasyFi’s lending protocol on Polygon will currently list the following assets as collateral markets – $MATIC, $USDC, $USDT, $DAI, $WETH and $WBTC – with more to be added in the near future. Giving more details of the Lending, Anshul said, “The first 6 money markets to be open for the users on our protocol on Polygon are $MATIC, $USDC, $USDT, $DAI, $WETH (Wrapped Ether) and $WBTC (Wrapped Bitcoin). The Company is testing many other tokens as well, which it will add from time to time to enhance the lending markets.” EasyFi Network is on track with its development roadmap for Q4 2021 as announced earlier with the full protocol launch. The upcoming token markets on Polygon are live first, enabling lending and borrowing of volatile and stable assets on its protocol on Polygon Network. The project will also be pushing into going live soon with the staked derivatives assets as collateral markets as indicated early this year through strategic partnerships with some of the staked derivative projects like StaFi and RAMP. These partnerships will bear fruits in the coming days as EasyFi gears to launch more tokens and staked derivatives assets as collateral markets on the protocol. Once the staked derivatives assets market is launched, staked derivative tokens will be listed as yield-bearing collateral assets on the platform and users owning these listed derivatives can secure loans against them. We will also be seeing the protocol going live with its markets on Binance Smart Chain and expansion to other networks as well. Learn more about EasyFi at – https://easyfi.network/
Twitter is known for its ability to give anyone a voice. The social media monster is now taking a new approach to stay on top, and recently have established a dedicated ‘Crypto’ team, led by Tess Rinearson. She explained that the “new team is focused on crypto, blockchains, and other decentralized technologies” within the crypto world. Lets take a look at what Twitter has said thus far, and what they have in store for the future. Related Reading | Bitcoin Back to $64K?, Why This Time The Bulls Have The Winning Edge Twitters Hits The Ground Running Twitter’s team stated: We’re exploring ways to incorporate decentralized technologies into our products and infrastructure. This will be a good way for the company to continue exploring payments and other ways for people creating content to earn crypto, and the “decentralization of social media.” Rinearson pointed out that “Twitter truly ‘gets’ crypto,” referencing the company’s bitcoin tipping and non-fungible token (NFT) projects. “But there’s so much more to explore here,” she added. “As I build out the team, we’ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto,” she continued, elaborating: First, we’ll be exploring how we can support the growing interest among creators to use decentralized apps [dapps] to manage virtual goods and currencies, and to support their work and communities. In the future, the team will explore “how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more.” She finished up with this statement: Twitter Crypto will underpin all of this work, and serve as a ‘center of excellence’ for all things blockchain at Twitter. We’ll be hiring for roles in engineering and product. Ethereum is used for most major blockchain transactions. | ETH/USDT on TradingView.com Related Reading Refinable Launches Gaming Initiative and Sets Aside $150,000 to Support NFT Gaming What Else Is Shakin’ Twitter’s CEO, Jack Dorsey, is a longtime bitcoin supporter. He recently said that his other company, Square Inc., is focused on helping bitcoin become the native currency for the internet. He has outlined a number of initiatives that are focused on helping bitcoin reach a mainstream audience, while at the same time strengthening the network and ecosystem. One of the initiatives, and popular finance app Cash App, generated $1.82 billion of bitcoin revenue and $42 million of bitcoin gross profit during the third quarter of 2021. Now, Twitter has set up a team to focus on “crypto, blockchains, NFTs, and other decentralized technologies — including and going beyond cryptocurrencies. The team will explore how it can “support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities. This news is huge for the NFT market as many artists will be able to promote on a higher level, and more people will become aware of how none fungible tokens (NFTs) work. As Twitter’s new team steps foot in somewhat familiar territory, it will be good for the crypto community to have a huge powerhouse to back and acknowledge the power of crypto.
8% daily losses are painful for longs but no problem for still bullish analysts.
Suppose to be a great day. I finally got my final card for a fun build I have been doing. (4 aorus rtx 3060ti 4 aorus rtx 3080) hooked them all up to the risers power it up and the board (BTC-37 8 GPU) has no video output and nothing to the USB HDMI ports.…
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Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that cryptocurrency is getting closer to posing a threat to global financial stability due to the sector’s rapid growth. Crypto is also being integrated into the traditional financial system at a rapid rate. He urges regulators to take action now. Bank of […]
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So around yesterday afternoon my friend wanted to jump on MetaMask since he was going to convert some shit coins that he threw some money into, a few months back, and convert them into stablecoin. To give you some context, he's got a degree in computer science and is well versed in cyber security. He's…
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