A naukri.com initiative
DeFi News
Medium
1d
260
Image Credit: Medium
Unlocking the Potential of ether.fi Staked ETH (EETH) Airdrops: A Beginner's Guide
- ether.fi Staked ETH Airdrop rewards participants and promotes network engagement
- ether.fi Staked ETH offers a modular blockchain network and executing an airdrop, invites users to join their ecosystem
- Details of claiming ether.fi Staked ETH tokens and benefits of holding them
- Airdrops serve multiple roles such as Marketing Boost, User Incentives and Network Effect
- To receive an airdrop, a compatible digital wallet is needed and eligibility criteria checked
- Best practices for participating in airdrops safely are through verifying official channels and using a dedicated email, antivirus software, and 2FA
- Concerns with airdrops and their impact on the market are that sudden increases in token supply may decrease the currency value, doubts about the fairness of the distribution process, and the risk of attracting short-term profit-seekers.
- ether.fi Staked ETH stands at the forefront of token distribution evolution with innovative approaches aimed at enhancing user engagement and long-term value
- To qualify for ether.fi Staked ETH airdrops, follow the official ether.fi Staked ETH channels, join their community, and meet participation criteria specified in their airdrop announcements
- The ether.fi Staked ETH airdrop presents a lucrative opportunity for early adopters in the crypto ecosystem to partake in. Staying informed and ready to participate is crucial.
Read Full Article
15 Likes
Medium
1d
340
Image Credit: Medium
How to Claim Altura $ALU Airdrops on Various Crypto Exchanges
- Altura, a Layer 2 scaling solution for Ethereum, has announced an airdrop for its early adopters.
- Altura Airdrop, developed by StarkWare, aims to enhance Ethereum’s scalability and efficiency by employing zk-rollups, a technology enabling faster and cheaper transactions.
- Altura’s airdrop announcement has sparked interest within the crypto community, particularly amongst users who prioritize transaction speed and cost.
- To qualify for the Altura Airdrop, participants must meet specific criteria.
- Claiming your Crypto tokens need not be complicated.
- Altura is a Layer 2 scaling solution.
- Exploring the Altura Airdrop comes with excitement,but understanding risks is crucial.
- The buzz around Altura airdrops has been electrifying the crypto community.
- Altura is setting the stage for an innovative blockchain experience.
- As we anticipate the Altura airdrop, it’s clear the buzz won’t fade anytime soon.
Read Full Article
20 Likes
Newsbtc
1d
0
Image Credit: Newsbtc
The Akash Network Phenomenon: Breaking Down Its 2400% Uptrend And Market Outperformance
- The Akash Network, a decentralized and open-source computing platform, has experienced a 2400% price increase in its native token, AKT, outperforming the top 100 cryptocurrencies.
- The network aims to decentralize cloud computing and uses blockchain technology built on Cosmos SDK and Tendermint consensus mechanism.
- Recent upgrades have positioned Akash as a prominent player in cloud computing and AI development space.
- The breakout of a key trendline and sustained support levels contribute to the positive sentiment surrounding the AKT token.
Read Full Article
Like
Bitcoinist
1d
296
Image Credit: Bitcoinist
BlockFi Announces Complete Website Shutdown, Selects Major Exchange For Fund Withdrawals
- BlockFi has shut down its web platform and selected Coinbase as its distribution partner for customer fund withdrawals.
- Eligible BlockFi clients can access their crypto withdrawals via Coinbase after the withdrawal request deadline of April 28, 2024.
- BlockFi will exclusively collaborate with Coinbase for crypto distributions to ensure a smooth transition for customers.
- BlockFi's web platform will be permanently shut down in May 2024, and clients are advised to download important information before that date.
Read Full Article
17 Likes
Newsbtc
1d
315
Image Credit: Newsbtc
EigenLayer Launches Airdrop Season, Allowing Users To Claim 113M EIGEN Tokens
- Restaking protocol EigenLayer has launched its airdrop season, allowing eligible users to claim 113 million EIGEN tokens.
- The airdrop season will begin with 6.05% of the total EIGEN token supply, increasing to 6.75% in phase 2.
- EIGEN tokens are currently non-transferable but will be unlocked by September 2024 with the launch of new features and further decentralization.
- EigenLayer has attracted $14 billion in assets since its soft launch in 2023 and has become the second most popular DeFi application.
Read Full Article
19 Likes
Medium
1d
122
Image Credit: Medium
Unlocking Decentralized Liquidity with Tonmart and $TMART
- Tonmart aims to tackle liquidity issues in decentralized markets by intertwining multiple markets and instruments.
- Tonmart offers yield instruments, an auction platform, an AMM framework, and staking derivatives to empower its community.
- Decisions in Tonmart are governed by $TMART token holders, ensuring community involvement and shaping the platform's future.
- Tonmart has chosen the TON blockchain for its decentralization, security, scalability, and strong community alignment.
Read Full Article
7 Likes
Bitcoinist
1d
249
Image Credit: Bitcoinist
Crypto Exchanges Experience First Decline In Trading Volume In 7 Months: Implications Explored
- Trading volume on major cryptocurrency exchanges experienced a decline in April, the first drop in seven months.
- Spot trading volume on exchanges like Coinbase, Binance, and Kraken decreased by 32.6% to $2 trillion in April.
- Derivatives trading volume also declined by 26.1% to $4.57 trillion, the first decrease in seven months.
- The decline is attributed to factors such as tightening financial conditions in the US and uncertainty from inflation and geopolitical tensions.
Read Full Article
15 Likes
Medium
1d
245
Image Credit: Medium
AI-powered Transformation In DeFi:
- The convergence of cryptocurrency and artificial intelligence (AI) has the potential to revolutionize blockchain functionality and efficiency. AI agents, which operate off-chain, require an underlying innovative infrastructure that can safely and efficiently reintegrate off-chain computations back into the on-chain environment. There are three critical pillars that are essential for successful development and widespread adoption of AI in blockchain. These pillars support a framework for integrating AI technologies with blockchain, allowing for innovative applications that could transform financial markets and beyond.
- An AI agent is a computer program that interacts with the external environment. This interaction involves three key processes: perceiving the environment through sensors (input data), processing this data autonomously to predict outcomes and plan actions, and finally, acting on these plans to achieve specific goals. User intent matching, such as executing a single transaction or a structured plan over time, constitutes agency.
- AI agents need to be empowered with verifiable data (including historical data) and off-chain compute resources. To advance the use of AI agents on blockchain platforms, Semiotic Labs will partner with Odos to deliver superior routing and optimal execution solutions across various protocols and chains. The synergy aims to develop a new data and compute infrastructure, empowering AI agents to execute sophisticated trading and liquidity management strategies by leveraging verifiable data and computation for superior performance.
- This partnership promotes a two-sided network effect. On the demand side, developers of AI agents will launch strategies and use Odos for execution. On the supply side, protocols will be connected to the Semiotic’s infrastructure to be integrated into Odos’ routing.
- The collaboration between Odos and Semiotic Labs offers significant advantages for the Odos community and its users: faster transaction processing, lower costs, optimal execution, privacy, and security.
- The complexity of optimizing transactions escalates dramatically when AI agents are introduced into the mix. Despite significant advancements, it is challenging for a single organization to address all these aspects. This partnership is poised to transform the landscape of decentralized finance by integrating AI-driven insights and efficiencies, benefiting all members of the Odos community.
- The Crypto x AI convergence has captivated the blockchain community, venture capitalists, and traditional finance players. The continued innovations in AI technology coupled with significant compute cost reductions and enhanced scalability offered by Layer 2 blockchains, along with developments in zero-knowledge (zk) proofs and other cryptographic techniques, are paving the way for verifiable off-chain computing solutions.
- The integration of AI agents with blockchain infrastructure is one of the most promising intersections of AI and crypto. Smart contracts and the inherently trustless nature of blockchain make it an ideal space for deploying AI-driven solutions.
- In addition to its role as a core developer of The Graph protocol, Semiotic Labs is enhancing the capabilities of smart contracts and AI agents to access and utilize historical data from any blockchain, facilitating the execution of tailored computations in a trustless environment. The access to historical data and verifiable off-chain analytics will unlock explosive growth of innovative DeFi protocols.
- Odos’ order routing platform acts as an advanced highway system that connects different chains and protocols through efficient new routes, with Odos serving as a state-of-the-art navigation system guiding users to their destinations efficiently and safely. By swiftly integrating into the optimization algorithm, Odos will become the primary conduit for launching new protocols and attracting users, enabling immediate volume growth from the very first day.
Read Full Article
14 Likes
Medium
1d
0
Image Credit: Medium
Freebnk Listing on Bitpanda: A Catalyst for Growth and Opportunity
- Freebnk, a pioneering blockchain project, has been listed on Bitpanda’s exchange.
- Freebnk aims to revolutionize the banking industry by providing decentralized financial services.
- Listing on Bitpanda opens up opportunities for growth, visibility, credibility, and community engagement for Freebnk.
- Through its partnership with Bitpanda, Freebnk gains access to a wide network of investors and potential collaborations.
Read Full Article
Like
Medium
1d
15
Image Credit: Medium
What is a Liquidity Bootstrapping Pool (LBP) in DeFi?
- Liquidity Bootstrapping Pools (LBPs) offer a great balance between safety for participants and capital efficiency for teams.
- LBPs are innovative mechanisms that help DeFi projects raise liquidity for their tokens in a cost-efficient manner.
- Liquidity ensures smooth trading of DeFi project tokens; LBPs provide an initial boost to obtain liquidity.
- Unlike traditional pools, LBPs use a dynamic weight adjustment system to facilitate fairer token distribution and organic price discovery.
- Participants in LBPs are more likely to get a better price from the midpoint towards the end of the sales.
- Smart contracts used in LBPs come with vulnerabilities, which could lead to loss of funds, and hence choosing LBP platforms with a proven track record is crucial.
- LBPs lower capital requirements, promoting the emergence and competition of diverse range of projects for user adoption.
- LBP events, with their dynamic price system and open access, promote broader participation from the community, unlike ICOs or IDOs, which usually favour early investors or large contributors.
- LBPs can be used beyond token launches, including secondary market liquidity, fractionalized assets, and decentralised fundraising.
- LBPs could pave the way for a more vibrant and innovative DeFi ecosystem as the technology matures and new applications emerge.
Read Full Article
Like
Medium
1d
301
Image Credit: Medium
Decentralization will Challenge Surveillance Capitalism
- The integration of blockchain technology with a distributed file storage system like IPFS enhances data integrity, availability, and decentralization.
- Blockchain ensures security and transparency by adding an additional layer of security through its consensus mechanisms.
- Storing IPFS file addresses on a blockchain enables decentralized ownership and control of data, reducing censorship potential.
- The combination of blockchain and IPFS has real-world applications, such as document verification, supply chain traceability, and decentralized social media platforms.
Read Full Article
18 Likes
Medium
1d
193
Image Credit: Medium
Injective Fuels $INJ Token Value Through Strategic Token Burns
- Injective has implemented a strategic token burn mechanism for its native token, $INJ.
- The recent token burn event involved approximately 13,000 $INJ tokens.
- Injective's deflationary token model aims to create scarcity and potentially increase the value per $INJ token.
- The token burn initiative offers benefits such as strengthening the token's utility and incentivizing participation in the Injective network.
Read Full Article
11 Likes
Cryptonewsz
1d
341
Image Credit: Cryptonewsz
USDV partners with DIA to release price oracles on Telos network
- USDV and DIA have partnered to introduce USDV price oracles to the Telos network.
- USDV operates on the Omnichain fungible token (OFT) standard, ensuring standard and uninterrupted operations across multiple blockchains.
- DIA has created a customized price feed to understand the real-world price of USDV assets across Ethereum, Arbitrum, and BNB Chain.
- This collaboration allows USDV to access additional DeFi opportunities beyond the Telos ecosystem.
Read Full Article
20 Likes
Medium
1d
314
Image Credit: Medium
Top DeFi Picks for 2024: Injective, Chainlink, and Borroe Finance ($ROE)
- Injective (INJ) has established itself as a top-performing altcoin, despite a recent price decline.
- Chainlink (LINK) remains in positive territory compared to the broader market, with analysts predicting a potential price rebound.
- Borroe Finance ($ROE) is gaining traction in the DeFi space with its unique approach and innovative platform.
- Investors are advised to conduct their own research and due diligence before making any investment decisions.
Read Full Article
18 Likes
Medium
2d
109
Image Credit: Medium
Beamswap opens discussions on Polkassembly for PerpaDOT initiative
- The Beamswap team is discussing the Beamex PERPadot initiative on the Polkassembly for PerpaDOT
- The initiative aims to enhance liquidity depth and provide a seamless decentralized perpetual trading experience on Polkadot
- 500,000 $DOT requested for the Beamex Liquidity Pool to attract new users and compete against other networks
- Increased liquidity would benefit the Polkadot ecosystem by solidifying its position in DeFi and fueling development of new products
Read Full Article
6 Likes
For uninterrupted reading, download the app