Nicholas Idoko Blog is a huge collection of content from different categories like Business, Technology, Life, Health, Freelance and Africa.

Today we would like to highlight some of the blockchain posts from Nicholas Idoko’s blog that are essential for understanding the blockchain and cryptocurrency industry.

Without further ado, let’s start highlighting these fascinating topics, please click on the post links to read more about the content.

First article

What you should know about NFTs

This article explains what an NFT is, how it works, how NFTs are created, what else an NFT can be, and how to buy and sell an NFT.

Second Article

The history and development of DApps and DeFi

This article will inform you about what DeFi (Decentralized Finance) and DApps (Decentralized Apps) are. The difference between Decentralized Finance and Decentralized Apps. The history and development of the two started with Bitcoin, Ethereum, Makerdao, Compound Finance, Balancer and Yam Finance. We also try to speculate about the future.

Third Article

My Thoughts on Web 3.0 Infrastructure

This post begins with the history of the Internet and the emergence of Web 1.0, the rise of social media, and the birth of Web 2.0. Web 3.0 architecture includes the semantic web, visual immersion, artificial intelligence, and ubiquity.

Fourth Article

Can money really be decentralized?

What we try to discuss in this blog post is the concept of decentralization. The benefits of decentralization such as data reconciliation, a trusted environment, better resource allocation, and a reduction in the level of deficiencies. The rise of decentralized money and some of the myths about decentralized finance.

Fifth Article

What does staking mean in the crypto space?

In this blog post, we explain what crypto staking is, how staking works, and how to stake cryptocurrencies by using an exchange, joining a staking pool, or becoming a validator.

Sixth Article

Is it worth buying an NFT today?

There are so many reasons to buy an NFT today. However, there are reasons why you should and shouldn’t. This article further explains what an NFT is, outlines the pros and cons of buying an NFT, and answers whether investing in an NFT is worthwhile.

Seventh Article

Is it advisable to save money in cryptocurrency?

High volatility, market risks, cyber risks, decentralization, risks associated with peer-to-peer transactions and unregulated trading platforms or exchanges. These are some of the risks of saving your money in cryptocurrency. This article explains all these risks and presents you with a final opinion on whether it is advisable to save money on cryptocurrencies.

Eighth Article

What Blockchain is and how it works

This article explains how blockchain uses distributed ledger technology. The five key concepts of blockchain such as shared ledgers, permissions, smart contracts, consensus and immutable records. The post also explains how blockchain works using Bitcoin as an example and whether the blockchain is secure.

Ninth Article

What are the purposes of blockchain?

Blockchain has many advantages that make it useful such as: B. its decentralized structure, speed, trust, immutability, reduced costs, visibility and traceability. It has also been applied in the real world and some sectors currently enjoying such benefits are real estate, voting, medical, supply chain, NFTs, etc. This blog post describes the purposes of blockchain.

Tenth Article

What is cryptocurrency and how does it work?

This article goes into more detail about what cryptocurrencies are about, how they work, and how they are mined, bought, sold, stored, transacted, or invested. The different types of cryptocurrencies such as bitcoin, altcoin and crypto tokens. The post also tries to answer whether cryptocurrency is a good investment.

Eleventh Article

What does it mean to be a crypto trader?

This article explains who is a crypto trader and outlines 5 fundamentals to become a crypto trader, namely: understanding the relationship between risk and reward, order types: limits and stop-loss, news and community sentiment, self-control and technical analysis.

Twelfth Article

What are the differences between blockchain and cryptocurrency?

Many people confuse or use blockchain and cryptocurrency interchangeably, but they don’t mean the same thing. In this article you will learn what a blockchain is and what a cryptocurrency is. The relationship between blockchain and cryptocurrency. The similarities and differences between blockchain and cryptocurrency and the future of blockchain and cryptocurrency.

Thirteenth Article

The history and invention of the blockchain

This post goes into detail about the history of the blockchain and how it all started with an annual roadmap as well as the different versions of the blockchain.

Fourteenth Article

What is Proof of Work in Blockchain?

This article defines Proof of Work, why Proof of Work is very important, how the Proof of Work model works, how Bitcoin uses Proof of Work, and criticisms of Proof of Work such as energy requirements and centralization.

Fifteenth Article

What is a Proof of Stake in Blockchain?

This post defines Proof of Stake, how Proof of Stake works, Mining Power in Proof of Stake, Proof of Stake Objectives, and Proof of Stake Security.

Sixteenth Article

What is Yield Farming on Blockchain?

This article defines what yield farming is and what types of yield farming are such as liquidity providers, staking, lending and borrowing. This article also goes further into how yield farming works and the risks of yield farming.

Article Seventeen

Proof of Work vs. Proof of Stake in Blockchain

This post describes how proof of work and proof of stake came about and why proof of work (whether work or stake) is required in the blockchain. The article also further explores blockchain orders, energy usage, participation, and reward distribution.

Eighteenth Article

Who is a blockchain developer?

What is a blockchain? What is blockchain development? Who is a blockchain developer? These are some of the questions that will be answered in this post. As well as how to become a blockchain developer and best blockchain developer skills like blockchain architecture, data structures, smart contract development, cryptography, web development and programming languages.

Nineteenth Article

What do gas fees mean in blockchain?

This article goes into what gas fees are in Ethereum, how gas fees can be calculated, why Ethereum gas fees are expensive and making gas fees more affordable.

Twentieth Article

Centralized vs. decentralized finance applications

This article explains what centralized finance is, what decentralized finance is, how DeFi differs from CeFi, the characteristics of centralized finance, the characteristics of decentralized finance, and what is best: DeFi or CeFi

Twenty-First Article

What does a blockchain wallet mean?

This article takes a closer look at what a blockchain wallet is, how blockchain wallets work, and the types of blockchain wallets such as hot and cold wallets.

Twenty-second Article

What is a Smart Contract on Blockchain?

This post explains what is a smart contract, history of smart contracts, how smart contracts work, benefits of smart contracts like speed, efficiency and accuracy, security, trust and transparency, savings. The post also mentions some of the use cases of smart contracts in finance, NFTs, gaming, legal and real estate.

Twenty-third Article

Is cryptocurrency bad for the environment?

Many people have negative remarks about cryptocurrency, saying that it is bad for the environment because of the amount of energy it consumes. This post will inform you about what cryptocurrency mining is, the energy consumption of cryptocurrency mining, why cryptocurrency mining needs energy, the impact of cryptocurrency mining on the environment, as well as a final opinion on whether cryptocurrency mining could use less energy.

Twenty-Fourth Article

What does a distributed ledger mean in blockchain?

This post answers what a distributed ledger is and explains what distributed ledger technology means, how distributed ledgers work and the benefits of distributed ledgers such as security, cost savings, smart contracts, device management, audit trails and data reliability. This article also speculates on the future of distributed ledger technology.

Twenty-Fifth Article

Blockchain vs. Database: Similarities and Differences

This article defines a blockchain and a database and lists the similarities and differences between blockchain and database based on control, permissions, security, append-only-by-design, and architecture.

Twenty-Sixth Article

What is Crypto Mining on Blockchain?

In this article, you will learn what crypto mining is, how crypto mining works, why crypto mining is important, and how to start mining cryptocurrency.

Twenty-Seventh Article

What is Zero Knowledge Proof in Blockchain?

This article explains what zero-knowledge proof is all about in the blockchain, how a zero-knowledge proof works and what properties a zero-knowledge proof has such as completeness, solidity and zero-knowledge. The types of zero-knowledge proofs such as interactive and non-interactive zero-knowledge proofs. The applications of zero-knowledge proofs in blockchain, finance, messaging applications and complex documentation.

Get the best African tech newsletters delivered to your inbox

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

Banklose Premium-Mitglieder vollen Zugriff auf die erhalten August-Ausgabe von Bankless Token Ratings. Greifen Sie auch auf die Zwietracht des inneren Kreisesund exklusiv Airdrop-Führer und Gemeinschaftsabzeichen!

Liebe banklose Nation,

So wie Zentralbanken verschiedene Arten von Geldpolitik für ihre eigenen Fiat-Währungen betreiben, stehen DeFi-Projekte durch die Ausgabe ihres eigenen „Geldes“ vor einer ähnlichen Aufgabe.

Beispielsweise möchten Gründer ihren Token-Inhabern einen wirtschaftlichen Mehrwert bieten, aber es ist äußerst schwierig, einen Marktnutzen zu erzielen, wenn sie mit regulatorischen Hürden jonglieren, Emissionspläne optimieren und vieles mehr.

Es ist kompliziert.

Wir sind wahrscheinlich noch Jahre davon entfernt, die optimalen Token-Designs zu finden.

Aber auch wenn wir noch nicht alles wissen, wissen wir es manche Sachen.

Die letzten zwei Jahre des Experimentierens in DeFi mit verschiedenen Token-Designs haben einige unschätzbare Erkenntnisse über Token-Designs eingebracht.

Lucas schlüsselt die drei Kategorien der heutigen Tokenomik auf: (wertlose) Governance-, Produktiv- und Stimmenhinterlegungstoken.

Welche halten sich in diesem Bären?

Lass es uns herausfinden.

– Bankloses Team

Podcast-Folge anhören | Apfel | Spotify | Youtube | RSS-Feed

Bankless Editor: Lukas CampellRedakteur für Bankless & Genesis Mitglied von Bankless DAO

Bildnachweis: Logan Craig

Die Token-Ökonomie ist ein neues und aufstrebendes Gebiet.

Die Branche erforscht gemeinsam optimale Designs, Distributionen, Nutzen, Governance-Frameworks und alles andere. Es ist praktisch eine leere Leinwand.

Als Token-Teams im Laufe der Jahre experimentiert haben, haben wir gesehen, dass sich ein paar verschiedene Token-Modelle als Standard herauskristallisiert haben.

Wir haben den Aufstieg wertloser Governance-Token wie UNI und COMP im DeFi-Sommer erlebt.

Es gibt auch Cashflow-Token wie MKR und SNX, die seit Jahren Grundnahrungsmittel sind.

In jüngerer Zeit haben wir die gesehen Stimmenhinterlegungsmodell (veToken) finden immer mehr Anklang bei branchenführenden Projekten.

Also, was ist das Beste?

Darin werden wir eintauchen.

Zunächst ein Überblick über die verschiedenen Token-Modelle und deren Ausgestaltungen.

Zweitens werden wir einen Index dieser Token auf ihre Preisleistung auswerten, um zu sehen, ob es einen konsistenten Gewinner gibt.

Lassen Sie uns darauf eingehen.

Wie bereits erwähnt, gibt es hauptsächlich drei Arten von Token-Modellen, die wir gesehen haben:

1. Führung

2. Staking/Cashflow

3. Abstimmungs-Escrow (veTokens)

Beispiele: UNI, COMP, ENS

Eine Zeit lang waren Governance-Token der Standard in DeFi. Governance-Token, die 2020 von Compound und Uniswap populär gemacht wurden, haben genau das, wonach der Name klingt – Governance-Rechte über das Protokoll.

Das Meme war, dass diese waren wertlos. Sie haben keine wirtschaftlichen Rechte. Ein Token entspricht einer Stimme – fertig.

Im Allgemeinen erhalten Governance-Token viel Kritik von der Community.

Es gibt keine Geldflüsse! Warum wäre das wertvoll?

Das ist eine berechtigte Kritik. Prominente Governance-Token wie UNI und COMP verdienen keine Dividenden aus den Geschäftsaktivitäten des Protokolls (dh Handel für Uniswap und Kreditvergabe für Compound). Dies hatte überwiegend rechtliche Gründe. Zum größten Teil tragen Governance-Token dazu bei, das regulatorische Risiko zu minimieren, da sie keine Cashflow-Rechte haben.

Aber Joel Monegro hat in unserem Podcast mit ihm skizziertgibt es offensichtlich etwas Wert darauf, Einfluss auf Protokolle zu nehmen. Es ist schwieriger zu schätzen, aber es ist da.

Es gibt auch eine allgemeine Annahme, dass diese Token in Zukunft letztendlich über wirtschaftliche Rechte an dem Protokoll abstimmen werden –etwas, das gerade für Uniswap in Bewegung ist. Das Protokoll diskutiert derzeit darüber, den Gebührenschalter einzuschalten und eine Gewinnkürzung von Liquiditätsanbietern vorzunehmen.

Während die Gewinne des Gebührenwechsels nicht direkt den UNI-Token zufließen (es geht an die DAO-Schatzkammer), ist dies ein erster Hinweis darauf, dass sich diese These langfristig durchsetzen wird. Alles, was es braucht, ist ein Vorschlag.

Und während die Hasser sagen werden, dass Governance-Token keinen Platz in einem Portfolio haben, scheint die Bewertung von Uniswap mit 9 Mrd. USD anders zu sein.

Ob es das leistungsstärkste Token-Modell ist oder nicht, ist eine andere Frage (das beantworten wir weiter unten).

Beispiele: MKR, SNX, SUSHI

Während sich einige Protokolle dafür entschieden haben, den Weg der wertlosen Governance-Token einzuschlagen, haben andere wie MKR, SNX, SUSHI beschlossen, ihren Token-Inhabern wirtschaftliche Rechte zu verleihen.

In jedem Fall erzielen diese Token Einnahmen aus den Geschäftsaktivitäten des Protokolls. MakerDAO war einer der ersten Pioniere dieser Bemühungen. Protokolleinnahmen aus Dai-Darlehen (aufgelaufenen Zinsen) wird verwendet, um MKR zurückzukaufen und zu verbrennen. Dies gilt bereits seit Jahren. Indem Sie MKR halten, erwerben Sie indirekt die Cashflow-Rechte durch das ständig abnehmende Angebot an MKR, das auf dem Markt verfügbar ist.

Während MKR passives Halten anbietet, verlangen SNX und SUSHI von den Benutzern, dass sie die Token einsetzen, um Dividendenrechte zu erhalten. Beide Protokolle generieren Gebühren aus Handelsaktivitäten und verteilen diese an die Staker im Protokoll weiter. Für SNX können Benutzer auch sUSD verdienen (Der native Stablecoin von Synthetix) jede Woche zum Staken, zusätzlich zu unverfallbaren SNX. Auf der anderen Seite verdienen SUSHI-Spieler mehr SUSHI durch das Protokoll, das es automatisch auf dem Markt kauft.

Beachten Sie, dass wir bei Staking-/Cashflow-Token die einheimische Inflation nicht als Teil der Einnahmen betrachten sollten! Das beste Beispiel dafür ist Aave. Es ist wie ein pseudoproduktives Token. Während das Protokoll Benutzern das Staking von AAVE (stkAAVE) anbietet, bringt das Staking keine exogenen Cashflows aus Protokollaktivitäten ein – es ist nur AAVE aus der DAO-Schatzkammer.

Beispiele: CRV, BAL, YFI

Treuhand-Token abstimmen sind der Strom Meta in der Linse von Token Economic Design, populär gemacht von Curve Finance. Durch dieses Modell haben Inhaber die Möglichkeit, ihre Token für einen vordefinierten Zeitraum zu sperren (normalerweise zwischen 1 Woche und 4 Jahren).

Durch das Sperren ihrer Token erhalten Benutzer ein veToken (veCRV für CRV) basierend auf der eingesetzten Zeit. Beispielsweise erhält ein Benutzer, der 1 Jahr lang 1.000 CRV setzt, 250 veCRV. Wenn er 4 Jahre lang den gleichen Betrag setzt, erhält er 1.000 (250 x 4) veCRV.

Der Schlüssel hier ist, dass veTokens typischerweise einen speziellen Bereich von Rechten über das Protokoll haben. Für Curve haben veCRV-Inhaber das Recht, darüber abzustimmen, welche Liquiditätspools CRV-Liquidity-Mining-Belohnungen erhalten, sowie erhöhte Belohnungen für ihre LP. Darüber hinaus erhalten veCRV-Inhaber Dividendenrechte aus Handelsgebühren und Bestechungsgeldern, die durch das Protokoll fließen.

Insgesamt – das veToken-Modell nimmt die beiden oben genannten Token-Modelle und fügt einen zusätzlichen Nutzen hinzu, wodurch ein sehr überzeugender Fall für die Krone entsteht.

Aber lassen Sie uns untersuchen, wie sich diese Token entwickelt haben.

Um dies zu tun, nehmen wir eine sehr einfache Methode (Ich bin ein einfacher Mensch).

Wir werden einen gleichgewichteten Index von drei Token nehmen, die in jede Kategorie fallen, und dann ihre Preisentwicklung YTD messen – nahe der relativen Spitze für den Kryptomarkt.

Daraus können wir abschätzen, welches Token-Modell am preisstabilsten ist, wenn der Markt in einen anhaltenden Bärenmarkt eintaucht. Offensichtlich gibt es eine TONNE von Nuancen, die darin einfließen – Grundlagen, Katalysatoren, Erzählungen innerhalb des Raums und mehr.

Ungeachtet dessen wird uns dies eine einfache Bewertung der verschiedenen bekannten Arten von Token-Modellen geben, die es heute gibt.

Indizes:

• Leitung: UNI, COMP, ENS

• Produktiv: MKR, SNX, SUSHI

• Abstimmungs-Hinterlegung: CRV, BAL, FXS

Lassen Sie uns gleich zu Beginn erkennen, dass 2022 nicht das beste Jahr für Krypto war. Sowohl BTC als auch ETH sind seit Jahresbeginn um etwa -50 % gefallen.

Infolgedessen sollte es keine Überraschung sein, wenn die meisten anderen Token um den gleichen Betrag oder sogar noch schlechter gefallen sind, da ihr höheres Risiko spielt und sich die Finanzmärkte insgesamt in einem risikoaversen Umfeld befinden.

Unabhängig davon ist es wirklich interessant, die Leistung dieser Vermögenswerte zu sehen, wenn sie nach ihrem Token-Modell kategorisiert werden.

Wenn wir einen gleichgewichteten Index von drei Token in jeder Kategorie nehmen, erhalten wir Folgendes über die Preisentwicklung YTD.

Während viele intuitiv glauben, dass Governance-Token am schlechtesten hätten abschneiden sollen, da sie weithin als ~wertlos~ angesehen werden, Stimmen-Escrow-Token haben im Durchschnitt der drei Token-Modelle tatsächlich am schlechtesten abgeschnitten. Allerdings ist es wichtig zu beachten, dass diese Performance keine Dividenden berücksichtigt, die die Inhaber aus Protokollgebühren, Bestechungsgeldern und anderen positiven Cashflow-Aktivitäten verdient haben.

In jedem Fall ist dies angesichts der positiven Stimmung des Token-Modells unter Krypto-Investoren immer noch ziemlich überraschend. Vote Escrow-Modelle sind aktuell Meta in der Welt des Token Economic Design. Es hat eine überzeugende Lock-up-Dynamik, erwirtschaftet Cashflows und verfügt über starke Governance-Rechte (wie das Lenken von Liquiditätsanreizen).

Interessanterweise war es nicht nur ein bedeutendes Zeichen, das die anderen zu Fall brachte. Alle 3 Token schnitten gegenüber USD und ETH eher schlecht ab. Curve, die Pioniere des Modells, ist um -71 % gefallen. In der Zwischenzeit fiel der FXS von Frax um -84 %, während BAL um -61 % zurückging, selbst nach der Implementierung des Abstimmungshinterlegungsmodells im März.

Die Begründung?

Ein Aspekt ist, dass Vote Treuhand-Token typischerweise große Token-Emissionen haben. Zum Beispiel verteilt Curve derzeit über 1 Million CRV pro Tag an die Liquiditätsanbieter des Protokolls. Dies beläuft sich auf eine Inflation von über 100 % im Laufe des nächsten Jahres gemäß dem von zirkulierenden Angebot CoinGecko. In ähnlicher Weise schüttet Balancer derzeit 145.000 pro Woche aus – was einer annualisierten Inflation von über 21 % entspricht.

Andererseits gibt Frax nur etwa 7 % seines Token-Angebots als Anreiz für LPs aus. Obwohl diese Zahl nicht verrückt ist, kann die schlechte Leistung von Frax größtenteils auf den Rückgang der algorithmischen Stablecoins nach Terra und den daraus resultierenden gescheiterten Start des Coins zurückgeführt werden 4Pool.

Wenn man einen Schritt zurückgeht, schnitten produktive Token im Durchschnitt am besten ab. Ausschlaggebend dafür war vor allem SNX, das seit Jahresbeginn nur einen Verlust von -35 % verzeichnete. Dies könnte auf die jüngste erfolgreiche Integration der atomaren Swaps des Protokolls über verschiedene Aggregatoren – nämlich 1 Zoll – zurückzuführen sein, da der Token von seinem Tiefststand im Juni um 135 % gestiegen ist.

Außerhalb von SNX schnitt MKR mit -57 % auf Augenhöhe mit dem Korb ab, wobei der größte Drawdown von SUSHI mit -87 % in dessen Mitte kam Governance und betriebliche Turbulenzen.

Während die Preisentwicklung des USD inmitten unruhiger Makrobedingungen mittelmäßig war, ist dies bei Betrachtung dieser Vermögenswerte in ETH-Betrachtungen – da wir immer versuchen, die ETH zu übertreffen – nicht der Fall so schlecht wie.

Für einen Moment gewannen produktive Token tatsächlich in ETH-Bedingungen in der Nähe des jüngsten Markttiefs.

Hier gibt es offensichtlich viele Nuancen. Wertsteigernde Token-Modelle sind nicht das A und O.

Jedes Protokoll hat seine eigenen unabhängigen Treiber. Letztendlich sind es größtenteils diese Katalysatoren, nicht das zugrunde liegende Token-Modell, die die Makropreisbewegung antreiben. Obwohl es hilfreich ist, Mechanismen zu haben, die den Float oder die Dividenden sperren, die den Token-Inhabern zugute kommen, ist es kein Allheilmittel.

Es besteht kein Zweifel, dass Cashflow-Rechte für Token-Inhaber einen positiven Vorteil haben und die Attraktivität des Haltens des Vermögenswertes erhöhen, insbesondere wenn das Protokoll bedeutende Gebühren einbringt.

Aber am Ende des Tages?

Grundlagen sind wichtig. Erzählungen sind wichtig.

Das zugrunde liegende Token-Modell sollte – sofern es nicht schrecklich kaputt ist – einfach Rückenwind für das sein, was unter der Haube passiert.

Etwas abonnieren Banklos. $22 pro Monat. Beinhaltet Zugriff auf das Archiv, Innerer Kreis & Abzeichen.

Kommen Sie zu uns Konvergieren22die erste jährliche Krypto-Ökosystem-Konferenz von Circle, statt 27. bis 30. September in San Francisco! Mit umfangreichen Demos und Entwicklerworkshops sowie hochkarätigen Gastrednern wie Vitalik Buterin von Ethereum, Stani Kulechov von Aave, Mary-Catherine Lader von Uniswap Labs, Anatoly Yakovenko von Solana und vielen mehr. Registrieren Sie sich mit dem Code Bankless, um 100 $ Rabatt auf Ihr Ticket zu erhalten!

Erfahren Sie hier mehr!

Möchte vorgestellt werden auf Bankless? Senden Sie Ihren Artikel an Submissions@banklesshq.com

Schreiben Sie für Bankless

Keine Finanz- oder Steuerberatung. Dieser Newsletter dient ausschließlich der Aufklärung und ist keine Anlageberatung oder Aufforderung zum Kauf oder Verkauf von Vermögenswerten oder zum Treffen finanzieller Entscheidungen. Dieser Newsletter ist keine Steuerberatung. Sprechen Sie mit Ihrem Buchhalter. Recherchieren Sie selbst.

Offenlegung. Von Zeit zu Zeit kann ich in diesem Newsletter Links zu Produkten hinzufügen, die ich verwende. Ich erhalte möglicherweise eine Provision, wenn Sie über einen dieser Links einen Kauf tätigen. Darüber hinaus halten die banklosen Schreiber Krypto-Assets. Siehe unsere Anlageinformationen hier.

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

The crypto market has lost momentum as Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) prices start trading in the negative. The largest cryptocurrencies by market cap could suffer further losses as macroeconomic factors continue to weigh on risky assets.

At the time of writing, the total crypto market cap sits at $1.09 trillion after being rejected at the $1.2 trillion mark. This has resulted in minor losses for Bitcoin (2.2%) and Binance Coin (7%), with only Ethereum holding onto some of its gains over the past week.

BTC price is moving sideways on the 4-hour chart. Source: BTCUSDT trade view

Analyst Justin Bennett believes that the crypto market has been negatively impacted by the US dollar’s bullish trend. The currency experienced a major boost on its monthly chart at the start of 2022 and appears to be attempting to recapture 2022 levels on higher timeframes.

This could lead to further losses in risky assets such as stocks and cryptocurrencies; more economic uncertainty as inflation has trended higher for decades; less liquidity in the global financial markets. Bennett said the following while sharing the chart below:

Expect #stocks and crypto to struggle while the US dollar does. The $DXY just pulled out 107 on its way to 107.40. I still think we’re looking at 112-113. Be careful out there (…). The trend is your friend…unless it’s the $DXY. 112-113 at first, but most likely 120 in the next few months. A rise in the USD means a fall in risky assets.

DXY Index (US Dollar) breaks key resistance on monthly chart. Source: Justin Bennett

The largest crypto by market cap, Bitcoin, posted a low for the year at around $17,600. As NewsBTC reported, Jurrien Timmer, Director of Macro at Fidelity, believes this level is comparable to the cryptocurrency’s previous lows and expects this price point to serve as crucial support.

Will Macro Factors Break Critical Crypto Support?

Using BTC’s supply and demand models, Timmer compared $17,600 to $3,100 and $200, two key support zones for Bitcoin even in sustained downtrends. The expert said the following about BTC’s ability to see more appreciation over the long term, a bullish momentum that will surely propel the entire crypto market higher:

Bitcoin’s price-to-network ratio (my proxy for a valuation multiple) is back to where it was in 2014. Meanwhile, its network continues to grow, roughly along a performance regression curve.

Source: Jurrien Timmer via Twitter

In contrast, Bennett expects further losses for the price of BTC and the crypto market. The first crypto by market cap could be between $9,500 and $13,500.

The expert’s bear market thesis is based on the current monetary policy of the US Federal Reserve (Fed). Bennett believes the financial institution is determined to stop inflation and will continue to raise interest rates to achieve that goal.

Bear market rallies are easy to spot even without a chart. It boils down to a simple question.

Will the Fed ease or tighten?

When it wears off, dips are there to buy
When tightened, rallies are short-lived

The Fed has only just started tightening rates and is unlikely to stop any time soon.

— Justin Bennett (@JustinBennettFX) August 17, 2022

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

TRON DAO Reserve, the company that monitors the TRON-based stablecoins, has added USDC to their stablecoin swap tool PSM (Peg Stability Module).

Welcome to #USDC on our PSM (Peg Stability Module)!

Now swap between $USDD and $USDC at a 1:1 ratio

We are proud to offer more assets to our users while maintaining #USDD price stability!

https://t.co/NHm2iw01OB pic.twitter.com/7iSiL4qRLg

— TRON DAO Reserve (@trondaoreserve) August 18, 2022

USDC would be one of the three stablecoins supported on the PSM alongside USDT and USDD.

With the PSM or Peg stability module, users could now switch between USDD and USDC in a 1:1 ratio with no slippage and fees.

In addition to TRON DAO Reserve’s PSM, SUN, the first integrated stablecoin swap, yield farming and self-government platform on TRON, today also supported USDC on its PSM (Peg Stability Module) on SUN.

PSM on https://t.co/KFtGKsS4xB now supports USDC

As #TRON DAO Reserve PSM updates to support USDC to further improve the stability of #USDD price, PSM on SUN now supports users to exchange USDD to USDC at a fixed 1:1 ratio

Experience now: https://t.co/gejYh6Te0J pic.twitter.com/YXpB0lW4Dy

— SUN.IO (@defi_sunio) Aug 18

What is USDC?

USDC is a USD-pegged digital stablecoin founded by Circle, a global financial technology company, and cryptocurrency exchange Coinbase.

USD Coin is managed by a consortium called Centre, an open-source technology project by Circle and Coinbase.

The circulating amount of #TRC20–#USDC issued by @circlepay on the #TRON network has exceeded 2 billion!!!

Today #TRON has a strong alliance of 5 #TRON-based stablecoins: #USDT, #USDD, #USDJ, #TUSD and #USDC. #TRON #stablecoin ecosystem looks excellent. pic.twitter.com/3Japp0mUYh

— TRON DAO (@trondao) May 17, 2022

USD Coin is the second largest stablecoin on the market after USDT (Tether) and has a market cap of over $25 billion. The stablecoin was first announced in May 2018 and launched in September of the same year.

USDC has a TRC20 based token called USDC on TRON.

What is TRON DAO Reserve?

TRON DAO Reserve is a decentralized organized DAO system. It aims to protect the entire blockchain industry and crypto market, prevent panic trading caused by financial crises, and mitigate severe economic downturns.

It oversees the TRON-based stablecoins in the ecosystem and manages the Decentralized USD (USDD) on TRON as its early custodian and ensures its price stability with reserves.

Expect more stablecoins supported on TRON DAO Reserve stablecoin swap tool? Let us know in the comment section below.

Visit Tron Spark for more news and updates.

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

Over the years, cryptocurrency has evolved from a place of obscurity to what it is today. In the beginning, most users had a way where they could trade, sell and invest in cryptocurrency for a long time.

The arrival of GameFi tokens like Metamortals (MORT), Axie Infinity (AXS) and The Sandbox (SAND) are integrating decentralized finance features into crypto games. Let’s take a look at these tokens and what you can win.

What are Metamortals (MORT)?

Metamortals (MORT) was created as a BEP-20 token based on the Binance Smart Chain, but the token can be used on multiple networks. The Play to Earn feature is a way for players to earn money while playing their favorite games. Players can also compete with other players to win a reward from the pool.

The user has access to multiple environments and can customize them as they wish. Players will be challenged against artificially intelligent characters when using this option.

Metamortals Token (MORT) features a decentralized autonomous organization (DAO) token that allows holders to make decisions about the governance of the platform. Everyone who has a token has a say in the ecosystem.

Metamortals is a community based gaming platform. The users of the platform are informed about the latest features through blog posts and their social media channel. Projects on the Metamortals are autonomous and decentralized.

Unlike the existing games, Metamortals is blockchain based DeFi Game that includes decentralized funding options. Imagine a game where players learn about DeFi while feeling less stressed. This will stimulate wider use of DeFi capabilities.

Metamortals is a DeFi game with decentralized finance elements such as yield farming, incubators, savings opportunities, learn-to-earn features and decentralized exchanges.

Axie Infinity (AXS) – Leading gaming platform

Axie Infinity (AXS) is currently the best crypto gaming platform with over 2.2 million monthly active users. Inspired by Pokemon, Axie Infinity (AXS) is a play-to-earn game that allows players to buy, trade, and battle creatures called Axies. Axies are NFT-like and have unique traits that make them rare.

Despite launching in 2022, Axie Infinity (AXS) has surged over 20,000% since its launch. A key benefit of Axie Infinity is that players can earn AXS tokens once they complete in-game challenges. Axie Infinity features smart contract functionality and currently runs on a Proof-of-Work (PoW) consensus mechanism.

The Sandbox (SAND) – GameFi Central

The sandbox (SAND) is a decentralized network that gives its users the ability to command and control the virtual environment. The strength of The Sandbox (SAND) is that it is user-centric, making it adaptable.

The sandbox is based on Ethereum (ETH). SAND is the digital coin used on the platform. Users can plot and customize their experience. The Sandbox (SAND) has several other features including in-game purchases, integration with social networks and marketplaces.

The sandbox also allows its users to import their artwork or collectibles into the game as long as they legally own it. Transactions increase as users increase and more revenue is generated for The Sandbox (SAND).

As explained above, the GameFi tokens fit well into your portfolio. As your knowledge of cryptocurrencies increases, you are bound to earn more income from whatever you buy in the future.

To learn more about metamortals (MORT).

Pre sales: https://register.metamort.io

Website: http://metamort.io/

Telegram: https://t.me/MetamortalsOfficial

Always conduct proper research when dealing with currency and token presales. The above information does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the site or its employees.

CryptoMode produces high quality content for cryptocurrency companies. We’ve brought brand awareness to dozens of companies so far, and you can be one of them. All of our customers value our value for money. Contact us if you have any questions: [email protected]

None of the information on this website constitutes investment or financial advice. CryptoMode is not responsible for any financial loss caused by actions taken based on information provided on this website by its authors or clients. Reviews should not be taken at face value. Always do your research before making any financial commitments.

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

“The decision to invest in the KillSwitch project stems from the fact that it is a yield aggregator platform that can make it easier for people to use DeFi with KillSwitch’s various features. It is also one of the few developed by a talented Thai team and industry experts like Khun Chanon’s team. The platform has been developed and scaled on a global scale and is also the only platform with a stop-loss feature in the world. Bitkub Ventures believes this investment will create synergies for the Bitkub chain,” said Ms. Naowarat Thammasuaydee, CEO of Bitkub Ventures.

“We have a common idea that while KillSwitch is almost 100% defi, I see that unless we have a real-world use case, it will not be sustainable. We have the same strategic approach and the same mission. I believe this joint investment will allow Bitkub Chain and Rei Chain to grow to the next level. I want these two chains to be considered sister chains that can act as a bridge between the two chains,” said Mr. Chanon Yaklai, CEO of KillSwitch.

“This collaboration will strengthen Bitkub Chain’s ecosystem and I believe KillSwitch will bring many conveniences and improve security to all yield growers on Bitkub Chain,” said Mr. Passakorn Pannok, CEO of Bitkub Blockchain Technology.

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

A popular crypto analyst and trader predicts that meme token Dogecoin (DOGE) could be heading for a major rally.

The pseudonymous analyst smart contracter tells its 210,500 Twitter followers that Dogecoin may be on the cusp of a massive rally after enduring a multi-month downtrend and breaking out of sideways accumulation.

“Two month accumulation breakout on DOGE with decent volume.

Probably a decent set and forget game to be honest.”

Source: SmartContracter/Twitter

According to Smart Contracter, the dog-themed digital asset is currently mimicking the Bitcoin (BTC) 2019 price action. At the same time, the flagship crypto asset also broke out of sideways accumulation, recovering from around $4,000 to just under $14,000 after enduring months of sharp bearish price action.

“Yes, I personally think so [Dogecoin] has a real shot at doing what bitcoin did in 2019. I guess a lot of people think about it deep down, just not a lot of people want to say it now for fear of sounding like a crazy person.”

Source: SmartContracter/Twitter

Based on Fibonacci retracement levels, a technical analysis method of determining an asset’s support and resistance levels, Smart Contracter sets a price target for Dogecoin of just under $0.50, implying over 500% upside potential for DOGE from suggesting its current price of $0.08.

Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox

Check the price action

Follow us on Twitter, Facebook and Telegram

Surf the Daily Hodl Mix

Check the latest headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/Formatoriginal/TierneyMJ

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

Singapore – August 17 – BENQI and Yeti Finance have chosen to partner with the highly capital-efficient KyberSwap in a joint initiative to improve liquidity and offer the best prices for sAVAX and YUSD tokens on Avalanche.

This first phase of this joint initiative is expected to earn liquidity providers over $200,000 in liquidity mining rewards, with more incentives to be added in the near future.

BENQI is a decentralized non-custodial liquidity market and liquid staking protocol built on top of Avalanche. BENQI Liquid Staked AVAX (sAVAX) is the token that users receive when they stake their AVAX on the BENQI Liquid Staking (BLS) protocol. AVAX holders can get $sAVAX by setting $AVAX to BENQI here.

This isn’t the first time BENQI has partnered with KyberSwap for capital efficiency benefits. Learn more about BENQI’s first joint initiative with KyberSwap here.

Yeti Finance is a cross-margin lending protocol on Avalanche that allows users to borrow up to 21x against their portfolio of LP tokens, staked assets like sAVAX, and high-yielding stablecoins in a single debt position for 0% interest. Borrowers receive $YUSD, an overcollateralized stablecoin that can be exchanged for additional assets and then deposited back into Yeti Finance to build leverage.

What is KyberSwap Elastic?
KyberSwap’s latest protocol, dubbed Elastic, is a tick-based AMM that offers liquidity providers (LPs) the benefits of concentrated liquidity and the flexibility to achieve capital efficiency and manage risk.

With concentrated liquidity, LPs have the flexibility to provide liquidity to an elastic pool by either “concentrating” liquidity in a narrow price range or fixing it in a broader price range. Concentrated liquidity would use pool liquidity more efficiently, mimicking a much higher level of liquidity and generating better slippage, volume and returns for LPs, while a wider spread would ensure liquidity for uncorrelated token pairs like USDC-ETH remain active even when prices are high would fluctuations in high market volatility.

KyberSwap Elastic also features a reinvestment curve that composites fees by automatically reinvesting LPs’ fee income back into the liquidity pool, allowing LPs to earn higher APYs while saving time.

LPs on KyberSwap Elastic can also choose from multiple tiers of fees to select the most appropriate rates for individuals, taking into account factors such as token volatility, individual risk tolerance, etc. In addition, KyberSwap Elastic has Just-in-Time (JIT) functionality. ) Attack Protection feature that protects LP earnings from snipe attacks that would reduce the earnings of other honest liquidity providers. So LPs can earn safely and have peace of mind at the same time.

Starting August 17, 2022, liquidity providers can add liquidity to the eligible sAVAX and YUSD pools on KyberSwap Elastic on Avalanche and earn KNC, QI, and YETI rewards.

With KyberSwap’s Elastic protocol, LPs can enjoy benefits such as concentrated liquidity and compounding fees that offer greater capital efficiency and optimized rewards. KyberSwap Elastic also has JIT (Just In Time) protection, so LPs have their earnings better protected and enjoy better security.

BENQI and Yeti Finance Pools on KyberSwap Elastic (Avalanche)

Eligible Pools (Fee Level):

• sAVAX-AVAX (0.01%)
• sAVAX-YUSD (0.04%)
• USDC-YUSD (0.01%)

*The full list of eligible pools for yield farming on Avalanche can be viewed here.

KyberSwap: Benefits for BENQI and the Yeti ecosystem

1. For traders

• Best swap rates for sAVAX and Yeti tokens through DEX aggregation while allowing users to identify other tokens even before trending/monding via on-chain metrics

2. For liquidity providers

• Concentrated liquidity for sAVAX and Yeti pairs and all other tokens, stables and non-stables
• Automatically compounded LP (Liquidity Provider) fees.
• Bonus liquidity incentives through yield farming
• Protection against sniping/just-in-time attacks to protect revenue for BENQI and Yeti LPs

3. For developers

Dapps can integrate with KyberSwap’s pools and aggregation API to provide the best rates for their own users, saving time and resources.

Given these benefits, KyberSwap is proud to partner with BENQI and Yeti Finance on this initiative to improve liquidity on Avalanche for the benefit of all four ecosystems.

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap, our flagship, Decentralized Exchange (DEX) aggregator and liquidity platform, offers the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap supports more than 100 integrated projects and has facilitated over $9.9 billion worth of transactions for thousands of users since its inception. Currently deployed on 12 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.

CyberSwap | discord | Website | Twitter | Forums | Blog | Reddit | github| KyberSwap Documentation

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

Embattled crypto lender Celsius Network has reportedly been given the green light to mine and sell Bitcoin (BTC) amid bankruptcy proceedings.

Reuters reports that Martin Glenn, Chief Justice of the US Bankruptcy Court for the Southern District of New York, has allowed Celsius to engage in bitcoin mining despite concerns about its recent struggles.

Celsius has previously argued that Bitcoin mining is vital to its restructuring efforts. One of the company’s lawyers, Ross Kwasteniet, said he was optimistic that the crypto lender would turn a profit once investments were made for the mining operation.

Although Celsius was permitted to mine and sell BTC, it was not cleared to sell its other assets.

Glenn says Celsius has been unclear about what assets it intends to divest, only recently revealing that it includes equity and debt investments in other crypto companies worth $210 million. Payments company Ripple is reportedly interested buy assets owned by the ailing company.

Glenn’s decision comes amid reports alleging that Celsius traded hundreds of millions worth of Bitcoin at a price prior to filing for bankruptcy Loss when its CEO, Alex Mashinsky, took control of the company’s trading strategy.

Celsius and Mashinsky face other legal issues as well. The Department of Financial Protection and Innovation of California (DFPI) recently issued one refrain and refrain from ordering Noting that the company used deceptive marketing tactics and sold unauthorized securities in its jurisdiction.

A committee representing Celsius users is currently running one detection on Mashinsky’s alleged misconduct.

Don’t miss a thing – Sign up to receive crypto email alerts straight to your inbox

Check the price action

Follow us on Twitter, Facebook and Telegram

Surf the Daily Hodl Mix

Check the latest headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any risky investments in Bitcoin, cryptocurrency or digital assets. Please note that you transfer and trade at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/pathdoc

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers

August 17, 2022 – Bucharest, Romania

DeFi Yield Protocol (DYP) announced listings on several industry-leading exchanges, including Coinbase, Huobi Global, and MEXC.

This is just one of the many developments in the project’s rapid development, including the forthcoming Metaverse platform that will allow users to interact with Cats and Watches Society (CAWS) NFTs. In addition, DYP took center stage at Deep Forest Fest. During this prestigious music festival, DYPians had a great opportunity to meet the team.

The DeFi Yield Protocol (DYP) is expanding the list of reputable crypto exchanges that list their DYP token. On June 21, 2022, Coinbase announced its listing of DYP, with trading beginning the next day. Later, on July 19, 2022, MEXC announced the listing of DYP. Finally, on July 27, 2022, it was Huobi who added DYP to their platform.

DEEP supporters – aka DYPian – can buy DYP tokens on these major exchanges, but also on smaller platforms like KuCoin, Gate, Poloniex, Bitrue, ZT, Hoo, CoinDCX and Onus Finance.

Typically, when an asset is listed on new exchanges, its price will fluctuate significantly. DYP has not seen any notable changes in its recent listings. However, its value surged from $0.06 to over $0.20 on June 7, 2022. Moreover, it has continued to trade above this level for almost two months.

Almost a week after the price hike, DYP published a blog post explaining the Metaverse project and the virtual reality (VR) play-to-earn (P2E) game. In it, players can venture with their CAWS NFTs, level up, or use their DYP/iDYP tokens for game-related purposes.

CAWS is a NFT collection of cat wearing watches that come with the ability to pocket your NFT. Each asset has over 200 unique attributes, including watch preferences and personalities. Right now, CAWS owners can use their NFT to play a 2D play-to-earn game with attractive rewards for its champions.

Players must own at least a CAWS NFT to participate in DYP’s latest GameFi adventure platform. In the near future, the utility of this NFT collection will be extended to the Metaverse platform, and CAWS will be a companion for those players who own at least one cat in their VR adventure.

In addition, DYP increases its brand awareness by expanding its actions in the real world. For example, the project sponsored two racing teams for two different events – Racebox and the Mojo Yachting Club to be more precise.

Daniel Garrett, marketing and communications manager at DeFi Yield Protocol, explained in an AMA on Monday that DYP’s project is unique due to its broad product range, including its NFT collection and Metaverse game.

He also detailed the project’s plans to onboard more users and achieve widespread adoption by using its Metaverse-related products and launching its iOS and Android apps.

Garrett said

“In general, I think users will come as they hear more about the DeFi yield protocol and become more familiar with what we do. We are concentrating on that right now and this is a great opportunity to contribute on the ground floor.”

Another significant development was DYP’s sponsorship of the Deep Forest Fest. The prestigious event boosted the project’s brand awareness and allowed the team to meet some other DYPians. Also, it was consistent with the philosophy of the project – ‘Together we can create unforgettable moments. That’s what life is about.’

About DYP

The DeFi Yield Protocol (DYP) aims to build a decentralized ecosystem encompassing numerous DeFi products and services, including yield farming, staking, NFTs, and metaverse gaming. The project runs on unique smart contracts using DYP’s proprietary anti-tampering feature.

To learn more about the DYP protocol and its progress, visit the links below.

Website | Twitter | Telegram | discord | Middle

Contact

cryptoviral

This content is sponsored and should be considered promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinion of The Daily Hodl. The Daily Hodl is not affiliated with or owned by any ICO, blockchain startup or company advertising on our platform. Investors should do their due diligence before making high-risk investments in ICOs, blockchain startups or cryptocurrencies. Please note that you invest at your own risk and any losses you incur are your responsibility.

Follow us on Twitter Facebook Telegram

Check out the latest industry announcements

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers