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DeFi News
Bitcoinsensus
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A Comprehensive Guide to Crypto Staking
- Crypto staking is a way to earn passive income with your staked crypto while supporting the network.
- When you stake crypto, you are essentially lending your tokens to the network to verify transactions and create new blocks.
- To start staking, do your homework, choose a cryptocurrency that supports staking, select a staking platform, set up your crypto wallet, acquire the minimum amount, start staking, monitor and earn rewards, and stay informed.
- Factors to consider when choosing the right platform for crypto staking include security and reputation, rewards and fees, and user experience and support.
- Bybit, MEXC, and Blofin are the top 3 platforms for crypto staking, while Ethereum 2.0, Cardano (ADA), Polkadot (DOT), and Solana (SOL) are great options for staking.
- One of the most enticing benefits of staking cryptocurrency is the potential to earn passive income while supporting the blockchain network.Another benefit is that staking is an eco-friendly alternative to mining.
- Cryptocurrency prices can be unpredictable, and not all staking platforms are created equal, these are some of the risks of crypto staking.
- Examples of staking rewards for popular cryptocurrencies include Ethereum 2.0, which offers an annual return of between 4% to 10%, Cardano (ADA), which offers returns of around 4% to 6% per year, Polkadot (DOT), which offers yields of 10% to 15%, and Solana (SOL), which provides returns ranging from 6% to 8%.
- In comparison, mining often requires a hefty investment in high-powered hardware and consumes significant electricity, which can burn a hole in your wallet. Staking, however, is more budget-friendly, and it s a greener choice as it doesn’t require the same level of energy.
- Choosing the right staking platform can make all the difference when it comes to earning rewards and contributing to the blockchain network. So, do your research, choose wisely, and enjoy the excitement of crypto staking!
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Cryptoslate
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Wintermute secures approval to overhaul Ethena’s revenue sharing model
- The Ethena Foundation has approved Wintermute's proposal to overhaul the revenue-sharing model for the Ethena protocol.
- The changes aim to benefit staked ENA (sENA) holders and will be implemented by the end of November.
- Wintermute suggested the changes to address the misalignment between sENA holders and the protocol's revenue growth.
- The proposed changes include allocating a portion of Ethena’s revenue to programs that enhance the value of staked governance tokens.
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Bitcoinist
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Gensler’s Final Push For Crypto Regulation: Key Remarks As Trump Promises New Approach
- Chair of the US Securities and Exchange Commission (SEC), Gary Gensler, is pushing for regulatory framework for the crypto market as Trump administration signals a pro-digital asset stance.
- Gensler emphasizes the need for clear regulations for crypto sales and intermediaries, focusing on transparency and proper disclosure.
- The SEC Chair's concerns about compliance and adherence to traditional securities regulations may clash with the incoming Republican administration's views on the digital asset industry.
- Trump plans to establish a favorable regulatory environment for cryptocurrencies but also promises to fire Gensler on day one of his administration, which begins in two months.
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Medium
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PlayWeb3: Redefining the Future of Blockchain Gaming
- PlayWeb3 is redefining the future of blockchain gaming with its decentralized approach.
- Key features include decentralized ownership of in-game assets, a play-to-earn model, immersive and high-quality games, an interoperable ecosystem, and community-centric development.
- Players can own their in-game assets as NFTs, trade or transfer them, and participate in a thriving in-game economy.
- The play-to-earn model rewards players with tokens and digital assets for their achievements, making gaming a viable source of income.
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Crypto-News-Flash
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DeFi Technologies Launches CoreFi: A Regulated BTCfi Strategy
- DeFi Technologies launches CoreFi Strategy, providing leveraged and compliant exposure to BTC and CORE.
- CoreFi Strategy utilizes innovative financing and dual staking of Bitcoin and CORE to amplify returns.
- DeFi Technologies aims to become a leader in the BTCfi market and attract investors seeking regulated access to digital assets.
- CoreFi Strategy offers a creative and legal method for investors to access the expanding BTCfi ecosystem.
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Hackernoon
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Inside WeFi: Exploring the $WFI Token and Project’s Ecosystem
- WeFi, a decentralized system, creates a financial ecosystem that is secure, accessible, compliant, and fair.
- The $WFI token is the backbone of the WeFi ecosystem, acting as a link between traditional finance and DeFi.
- $WFI will launch on the Binance Smart Chain, facilitating early access to the token's utility, before migrating fully to the WeChain blockchain.
- $WFI plays a critical role within the WeFi ecosystem, integrating with multiple services, including transaction fees, collateral, staking, and ecosystem rewards.
- The ITO platform centers on fostering a loyal base of users and early adopters who believe in and support the future of WeFi’s products and services.
- WeFi ensures that $WFI token distribution is transparent, inclusive, and equal for all participants.
- After the TGE, $WFI will become available for trading on both DEXs and CEXs, offering users more flexibility in managing their assets.
- By making $WFI accessible on exchanges, WeFi will increase liquidity and enhance token adoption.
- The roadmap includes the full rollout of WeFi Neobank, complete with fiat top-up options and mobile applications.
- The $WFI token and WeFi ecosystem present an opportunity for users to be part of a decentralized financial ecosystem designed to bring global economic access and freedom.
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Crypto-News-Flash
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World Liberty Financial Partners with Chainlink to Propel DeFi Adoption Inspired by Trump
- World Liberty Financial (WLFI) has partnered with Chainlink to strengthen its DeFi initiatives.
- WLFI aims to provide a secure infrastructure for its DeFi projects, leveraging Chainlink's technology.
- The integration of Chainlink Price Feeds on Ethereum's mainnet will enhance WLFI's protocol with security and data flow.
- WLFI seeks to bridge Web2 and Web3 environments, inspired by Donald Trump's vision of financial accessibility.
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TronWeekly
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Solana’s DeFi Dominance Amid Price Surge: A Perfect Storm
- Solana's DEX ecosystem reaches new highs with trading volume surpassing $5 billion daily for three days, driven by Radium.
- Solana's price shows potential for a bullish breakout, with a target zone around $300 to $320.
- Technical indicators support a bullish outlook, with RSI in oversold territory and MACD showing a bullish crossover.
- Solana's liquid staking ecosystem hits a $5.67 billion market cap and offers flexibility for stakers to trade their assets.
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Medium
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XBANKING (XB): Transforming DeFi with Innovative Earning Models and Community Empowerment
- XBANKING (XB) is a DeFi platform built on blockchain technology, offering a range of financial products such as staking, lending, liquidity provision, and yield farming.
- XB tokens power transactions, staking rewards, governance, and other utilities within the ecosystem.
- Innovative earning models on XBANKING include staking, yield farming, lending & borrowing markets, and liquidity pools.
- XBANKING strives to bring inclusive, user-centered financial services to a global audience while promoting transparency, security, and community ownership.
- XBANKING's staking rewards provide predictable returns and support network security.
- Yield farming on XBANKING offers high earning potential, diversified reward tokens, and flexible lock-up periods.
- The decentralized lending platform on XBANKING offers competitive interest rates, flexible loan terms and increased accessibility.
- XBANKING's liquidity pools provide passive income generation, promote ecosystem stability and feature a risk-managed income model.
- Community governance is at the core of XBANKING's philosophy, with community members having voting rights on key decisions.
- Future developments on the platform are expected to include cross-chain integration, advanced security measures, scalability enhancements and expanded ecosystem partnerships.
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Medium
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Unlocking Passive Income Opportunities with XBanking (XB) Token
- XBanking (XB) Token is a digital asset that operates on a blockchain platform designed to provide secure, efficient, and accessible financial services.
- XB tokens are often used within a range of DeFi applications and platforms, including staking, lending, and yield farming.
- XB tokens offer a wide array of opportunities for generating passive income in ways that are efficient, scalable, and accessible.
- XBanking (XB) offers a more inclusive option for people from different financial backgrounds with relatively small investments.
- Many passive income options with XB tokens offer competitive returns that are often higher than interest rates in traditional banks.
- XB token staking and lending are often more energy-efficient than traditional mining, supporting environmentally sustainable practices.
- Staking, lending, yield farming, and liquidity provision are the popular ways to earn passive income with XB tokens.
- Automated tools such as rebalancing, reinvestment strategies, and yield optimization can be useful in maximizing returns.
- Market volatility, smart contract risks, liquidity risks, and impermanent loss are the associated risks with generating passive income with XB tokens.
- To start earning passive income with XB tokens, choose a secure and reputable DeFi platform, decide on an investment strategy, calculate potential returns and risks, and monitor and adjust regularly.
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Bitcoinist
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Cardano On The Table: Trump Reportedly Plans A New Blockchain-Based Federal Voting System
- Speculation is growing around a potential new voting system for the US that could use blockchain technology, with the Cardano (ADA) and Hedera (HBAR) protocols reportedly at the forefront of this initiative.
- The proposed system, called 'eVote', aims to improve election integrity and combat voter fraud.
- Cardano has been involved in developing decentralized voting systems and its founder, Charles Hoskinson, is reportedly in talks with the Trump administration.
- No official statements or concrete sources have been provided regarding the involvement of Cardano or Hedera in the proposed voting system.
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Hackernoon
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Odysee Goes Ad-Free: How This Bold Move Challenges the YouTube Empire
- Odysee, the largest web3 video-sharing platform, has removed all advertisements.
- The platform claims to have developed monetization programs to support creators.
- Odysee's decision aims to provide a sustainable and ad-free user experience.
- While YouTube intensifies its ad efforts, Odysee aims to distinguish itself by removing ads.
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Bitcoinist
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Crypto Legal Battle: 18 States Accuse SEC Of Unconstitutional Regulatory Actions
- 18 states have filed a lawsuit against the US Securities and Exchange Commission (SEC) and its commissioners.
- The lawsuit accuses the SEC of 'unconstitutional overreach' and 'unfair persecution' of the crypto sector.
- The states argue that the SEC's regulatory actions infringe upon their rights to regulate their own economies.
- Chair Gary Gensler hinted at a potential resignation in a letter to agency staff.
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Bitcoinist
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Pennsylvania House Moves To Add Bitcoin To State Balance Sheet As Reserve Asset
- Pennsylvania lawmakers have introduced the Pennsylvania Bitcoin Strategic Reserve Act, which would allow the state treasury to hold Bitcoin on its balance sheet.
- The legislation aims to allocate up to 10% of the state's funds into Bitcoin as a hedge against inflation and to diversify investments.
- Pennsylvania's House recently passed a Bitcoin Rights bill, protecting residents' rights to self-custody digital assets and use Bitcoin for payments.
- If enacted, Pennsylvania would be the first state to hold Bitcoin directly on its balance sheet, potentially leading to broader adoption of digital assets in state investment strategies.
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Hackernoon
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Draper Associates Backs Torram to Propel Decentralized Finance on Bitcoin
- Torram, a decentralized finance (DeFi) infrastructure on Bitcoin, has received a strategic investment from Draper Associates.
- The investment comes as institutional demand for Bitcoin-native DeFi solutions surges.
- Torram's institutional-grade infrastructure enables financial institutions to tap into Bitcoin's security and market cap through compliant DeFi solutions.
- Torram has secured backing from Tim Draper and Adam Draper and will launch its testnet in Q1 2025.
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