Grayscale Expected to Launch 3 DeFi Trusts According to New Filings
The company also registered trusts for several cryptos earlier this month, including LINK, BAT, and MANA, but stated that “Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market.”
The company brought in $3.3 billion in investments for crypto assets in the last three months of 2020 alone, most of it from institutional investors. With the DeFi market heating up, the institutional money that Grayscale attracts could be a major stepping stone in global adoption.
Source: https://cryptobriefing.com/grayscale-expected-launch-defi-trusts-according-new-filings/
Tweet: https://twitter.com/Defi_Summit/status/1354902121389416454
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The company also registered trusts for several cryptos earlier this month, including LINK, BAT, and MANA, but stated that “Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market.”
The company brought in $3.3 billion in investments for crypto assets in the last three months of 2020 alone, most of it from institutional investors. With the DeFi market heating up, the institutional money that Grayscale attracts could be a major stepping stone in global adoption.
Source: https://cryptobriefing.com/grayscale-expected-launch-defi-trusts-according-new-filings/
Tweet: https://twitter.com/Defi_Summit/status/1354902121389416454
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Crypto Briefing
Grayscale Expected to Launch 3 DeFi Trusts According to New Filings | Crypto Briefing
Grayscale may be launching new funds for DeFi tokens, potentially opening up the DeFi market to major institutional investment.
Retail Traders Sue Robinhood Over Meme Stock Restrictions
Wait til they hear about DeFi 🤫
Retail traders in two U.S. states sued Robinhood Markets Thursday over its decision to prevent buy orders on GameStop (GME) and other so-called “meme stocks” swept up in the Reddit-fueled trading frenzy.
The separate suits slam Robinhood over a decision that had immediate repercussions for impacted shares. GameStop, which had been soaring for days on short squeezing and mass speculation, began tumbling downward after Robinhood, a major retail trading hub, implemented the hold.
Source: https://www.coindesk.com/retail-traders-sue-robinhood-meme-stock-restrictions
Tweet: https://twitter.com/Defi_Summit/status/1354920514360373248
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Wait til they hear about DeFi 🤫
Retail traders in two U.S. states sued Robinhood Markets Thursday over its decision to prevent buy orders on GameStop (GME) and other so-called “meme stocks” swept up in the Reddit-fueled trading frenzy.
The separate suits slam Robinhood over a decision that had immediate repercussions for impacted shares. GameStop, which had been soaring for days on short squeezing and mass speculation, began tumbling downward after Robinhood, a major retail trading hub, implemented the hold.
Source: https://www.coindesk.com/retail-traders-sue-robinhood-meme-stock-restrictions
Tweet: https://twitter.com/Defi_Summit/status/1354920514360373248
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CoinDesk
Retail Traders Sue Robinhood Over Meme Stock Restrictions - CoinDesk
GameStop, which had been soaring for days on short squeezing and mass speculation, began tumbling after the major retail trading hub implemented the hold.
DeFi sector growth pushes Reserve Rights, 0x and Kyber Network higher!
RSR
The Reserve protocol aims to reach the unbanked, help people transact and preserve wealth against the devaluation of a currency by using a stablecoin. This is a strong use case, especially in countries that suffer from the clutch of hyperinflation.
ZRX
As the crypto market matures, the popularity of decentralized exchanges is on the rise, and 0x is one of the beneficiaries. The community recently voted to upgrade the protocol to version four, which promises several improvements to its users.
KNC
The decentralized finance space has evolved over the past few months, and a surge in transaction volumes has followed. To keep up with the latest trends, Kyber Network has announced an upgrade to its protocol. The Kyber 3.0 upgrade will transition Kyber from a single protocol to a network of specialized liquidity pools, catering to various DeFi use cases.
Source: https://cointelegraph.com/news/defi-sector-growth-pushes-reserve-rights-0x-and-kyber-network-higher
Tweet: https://twitter.com/Defi_Summit/status/1355229075766448139
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RSR
The Reserve protocol aims to reach the unbanked, help people transact and preserve wealth against the devaluation of a currency by using a stablecoin. This is a strong use case, especially in countries that suffer from the clutch of hyperinflation.
ZRX
As the crypto market matures, the popularity of decentralized exchanges is on the rise, and 0x is one of the beneficiaries. The community recently voted to upgrade the protocol to version four, which promises several improvements to its users.
KNC
The decentralized finance space has evolved over the past few months, and a surge in transaction volumes has followed. To keep up with the latest trends, Kyber Network has announced an upgrade to its protocol. The Kyber 3.0 upgrade will transition Kyber from a single protocol to a network of specialized liquidity pools, catering to various DeFi use cases.
Source: https://cointelegraph.com/news/defi-sector-growth-pushes-reserve-rights-0x-and-kyber-network-higher
Tweet: https://twitter.com/Defi_Summit/status/1355229075766448139
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Cointelegraph
DeFi sector growth pushes Reserve Rights, 0x and Kyber Network higher
New features that address high gas fees and interoperability between DeFi platforms could draw investors' attention to Reserve Rights, 0x and Kyber Network in the next few weeks.
Monstercat dance label sells $180K of musical NFTs in two minutes
Major EDM record label Monstercat has highlighted how non-fungible tokens, or NFTs, can be a successful new revenue stream for artists and the music industry, generating $180,000 in the first two minutes of an NFT collection release.
The collection included 500 Constellations packs which were sold out in one second flat at $0.50 each, and approximately 470 NFTs containing one of four unique video clips in the Origins Collection. Each edition sold for between $350 to $450 each.
Source: https://cointelegraph.com/news/monstercat-dance-label-sells-180k-of-musical-nfts-in-two-minutes
Tweet: https://twitter.com/Defi_Summit/status/1355255637257674754
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Major EDM record label Monstercat has highlighted how non-fungible tokens, or NFTs, can be a successful new revenue stream for artists and the music industry, generating $180,000 in the first two minutes of an NFT collection release.
The collection included 500 Constellations packs which were sold out in one second flat at $0.50 each, and approximately 470 NFTs containing one of four unique video clips in the Origins Collection. Each edition sold for between $350 to $450 each.
Source: https://cointelegraph.com/news/monstercat-dance-label-sells-180k-of-musical-nfts-in-two-minutes
Tweet: https://twitter.com/Defi_Summit/status/1355255637257674754
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Cointelegraph
Monstercat dance label sells $180K of musical NFTs in two minutes
Generating $180,000 in the first two minutes of the Collection release, EDM record label is hoping to provide alternate revenue streams for artists through NFTs
Crypto-based Decentralized Social Networks Are Coming
RevPop today launched its test network—a blockchain aimed at providing fertile soil for competing social networks that protect data. Developers can use the Matic Network to create an entire ecosystem of competing social networks atop the RevPop blockchain. If one disappoints, users can port their data to another. The RevPop token will serve as a utility token for the platform.
In the past month, Twitter has purged QAnon users, Facebook has joined other social networks in banning Donald Trump, and even the alternatively branded Discord has removed the servers for WallStreetBets.
In brief
1/ Revolution Populi, a blockchain database with user controls, launched its testnet today.
2/ RevPop Chief Visionary Officer David Gelernter helped conceptualize social networks.
3/ The team behind RevPop wants to give users more control over how their data is used.
Source: https://decrypt.co/55911/crypto-based-decentralized-social-networks-are-coming
Tweet: https://twitter.com/Defi_Summit/status/1355272571642662916
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RevPop today launched its test network—a blockchain aimed at providing fertile soil for competing social networks that protect data. Developers can use the Matic Network to create an entire ecosystem of competing social networks atop the RevPop blockchain. If one disappoints, users can port their data to another. The RevPop token will serve as a utility token for the platform.
In the past month, Twitter has purged QAnon users, Facebook has joined other social networks in banning Donald Trump, and even the alternatively branded Discord has removed the servers for WallStreetBets.
In brief
1/ Revolution Populi, a blockchain database with user controls, launched its testnet today.
2/ RevPop Chief Visionary Officer David Gelernter helped conceptualize social networks.
3/ The team behind RevPop wants to give users more control over how their data is used.
Source: https://decrypt.co/55911/crypto-based-decentralized-social-networks-are-coming
Tweet: https://twitter.com/Defi_Summit/status/1355272571642662916
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Decrypt
Crypto-based Decentralized Social Networks Are Coming
RevPop today launched its test network—a blockchain aimed at providing fertile soil for competing social networks that protect data.
Flare Finance Redefining DeFi Ecosystem with Smart Contracts for XRP and LTC
Flare Network is creating a new benchmark in the cryptocurrency industry with its state-of-the-art solutions. Upon its launch around the second quarter of 2021, Flare network would provide integration for Litecoin, XRP, and Dogecoin which would allow the tokens to operate trustlessly on the network with smart contracts. Harnessing the revolutionary Flare Networks is Flare Finance which will bring smart contracts on XRP, LTC, and Dogecoin enabling utility and ownership to the users within the decentralized finance ecosystem.
Source: https://btcmanager.com/flare-finance-defi-ecosystem-smart-contracts-xrp-ltc/
Tweet: https://twitter.com/Defi_Summit/status/1355293744736694275
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Flare Network is creating a new benchmark in the cryptocurrency industry with its state-of-the-art solutions. Upon its launch around the second quarter of 2021, Flare network would provide integration for Litecoin, XRP, and Dogecoin which would allow the tokens to operate trustlessly on the network with smart contracts. Harnessing the revolutionary Flare Networks is Flare Finance which will bring smart contracts on XRP, LTC, and Dogecoin enabling utility and ownership to the users within the decentralized finance ecosystem.
Source: https://btcmanager.com/flare-finance-defi-ecosystem-smart-contracts-xrp-ltc/
Tweet: https://twitter.com/Defi_Summit/status/1355293744736694275
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BTCMANAGER
Flare Finance Redefining DeFi Ecosystem with Smart Contracts for XRP and LTC | BTCMANAGER
Flare Network is creating a new benchmark in the cryptocurrency industry with its state-of-the-art solutions. Upon its launch around the second quarter of 2021, Flare network would provide integration for Litecoin, XRP, and Dogecoin which would allow the…
Soulja Boy Mints First NFT “Crank That,” Listed at 5 Ethereum
Soulja Boy is now on Ethereum.
The U.S. rap star, who topped charts with his 2007 hit “Crank That (Soulja Boy)” has minted an NFT.
“Soulja Boy ‘Crank That’” is available in an edition of 20 via Rarible. It’s priced at 5 ETH, around $6,699.60.
Key Takeaways
- Soulja Boy has minted an NFT called Soulja Boy "Crank That."
- A fan has also been in touch to give him a named Ethereum address from Ethereum Name Service.
- The American rapper has been showing his interest in the cryptocurrency space this month.
Source: https://cryptobriefing.com/soulja-boy-mints-first-nft-crank-that-listed-5-ethereum/
Tweet: https://twitter.com/Defi_Summit/status/1356297630511472640
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Soulja Boy is now on Ethereum.
The U.S. rap star, who topped charts with his 2007 hit “Crank That (Soulja Boy)” has minted an NFT.
“Soulja Boy ‘Crank That’” is available in an edition of 20 via Rarible. It’s priced at 5 ETH, around $6,699.60.
Key Takeaways
- Soulja Boy has minted an NFT called Soulja Boy "Crank That."
- A fan has also been in touch to give him a named Ethereum address from Ethereum Name Service.
- The American rapper has been showing his interest in the cryptocurrency space this month.
Source: https://cryptobriefing.com/soulja-boy-mints-first-nft-crank-that-listed-5-ethereum/
Tweet: https://twitter.com/Defi_Summit/status/1356297630511472640
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Crypto Briefing
Soulja Boy Mints First NFT "Crank That," Listed at 5 Ethereum
Soulja Boy has discovered Ethereum. He's just minted his first NFT on Rarible, and received an ENS address from a fan.
Mark Cuban: DeFi, Not Robinhood, Gives Money Back to Users
Billionaire investor Mark Cuban is increasingly wading into the crypto sphere. The Dallas Mavericks owner has been selling nonfungible tokens (NFTs), referencing his Coinbase holdings, and now he’s talking up the benefits of decentralized finance.
In a tweet thread on the GameStop (ticker: GME) buying spree via stock trading app Robinhood, Cuban made the case for decentralized finance, the suite of blockchain-based applications that remove some intermediaries from the process of lending and trading, by pointing out that Robinhood’s business model takes fees that in DeFi would otherwise go to the user.
“When someone shorts a stock that is already heavily shorted, they have to pay a fee to borrow that stock. In the case of $GME that fee has been hovering around 30% this week,” Cuban wrote. “Shorts have to pay (Price x .30)/360 per day. In DeFi that’s a 30% APY.”
Source: https://decrypt.co/56067/mark-cuban-defi-not-robinhood-gives-money-back-to-users
Tweet: https://twitter.com/Defi_Summit/status/1356323175823499264
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Billionaire investor Mark Cuban is increasingly wading into the crypto sphere. The Dallas Mavericks owner has been selling nonfungible tokens (NFTs), referencing his Coinbase holdings, and now he’s talking up the benefits of decentralized finance.
In a tweet thread on the GameStop (ticker: GME) buying spree via stock trading app Robinhood, Cuban made the case for decentralized finance, the suite of blockchain-based applications that remove some intermediaries from the process of lending and trading, by pointing out that Robinhood’s business model takes fees that in DeFi would otherwise go to the user.
“When someone shorts a stock that is already heavily shorted, they have to pay a fee to borrow that stock. In the case of $GME that fee has been hovering around 30% this week,” Cuban wrote. “Shorts have to pay (Price x .30)/360 per day. In DeFi that’s a 30% APY.”
Source: https://decrypt.co/56067/mark-cuban-defi-not-robinhood-gives-money-back-to-users
Tweet: https://twitter.com/Defi_Summit/status/1356323175823499264
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Decrypt
Mark Cuban: DeFi, Not Robinhood, Gives Money Back to Users
In a tweet thread on GameStop, Robinhood, and short selling, Mark Cuban made the case for decentralized finance.
Crypto Art and NFT Scene Primed to Surge in 2021
CryptoKitties was the first major hype driven NFT frenzy that launched in 2017 and subsequently broke the Ethereum network temporarily. It has now been surpassed by NBA's Super Shot.
Today, crypto art can sell for hundreds of thousands of dollars and works from artists such as ‘Beeple’ are in high demand. The artist auctioned off his entire NFT collection for $3.2 million, including a single piece that went for $777,777 in December 2020.
A crypto art collective called FlamingoDAO recently purchased the ‘alien’ CryptoPunk for $750,000. Famous collector ‘Metakovan’ spent over $100,000 on a Formula One branded piece in 2019 making it the
most expensive sale of that year.
Tokenizing assets is clearly only just beginning to gain traction and digital art is the perfect example of how Ethereum can be used to produce verifiable scarcity.
Source: https://beincrypto.com/crypto-art-and-nft-scene-primed-to-surge-in-2021/
Tweet: https://twitter.com/Defi_Summit/status/1356372424816779266
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CryptoKitties was the first major hype driven NFT frenzy that launched in 2017 and subsequently broke the Ethereum network temporarily. It has now been surpassed by NBA's Super Shot.
Today, crypto art can sell for hundreds of thousands of dollars and works from artists such as ‘Beeple’ are in high demand. The artist auctioned off his entire NFT collection for $3.2 million, including a single piece that went for $777,777 in December 2020.
A crypto art collective called FlamingoDAO recently purchased the ‘alien’ CryptoPunk for $750,000. Famous collector ‘Metakovan’ spent over $100,000 on a Formula One branded piece in 2019 making it the
most expensive sale of that year.
Tokenizing assets is clearly only just beginning to gain traction and digital art is the perfect example of how Ethereum can be used to produce verifiable scarcity.
Source: https://beincrypto.com/crypto-art-and-nft-scene-primed-to-surge-in-2021/
Tweet: https://twitter.com/Defi_Summit/status/1356372424816779266
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BeInCrypto
Crypto Art and NFT Scene Primed to Surge in 2021
Non-fungible tokens (NFTs) are growing in popularity. New sales records are continuously being made and broken as their popularity booms.
Kraken Exchange Brings Its Spot Price Data to DeFi Via New Chainlink Node!
Kraken, the fourth-largest cryptocurrency exchange by trading volume, is making its spot price data available for use by decentralized finance (DeFi) applications and developers.
* Kraken announced Monday it is now running its own Chainlink node, enabling it to broadcast its Oracle Rates to Ethereum and other blockchains.
* Chainlink’s built-in cryptographic signing capability also means users will have access to on-chain proof of any data originating from Kraken's platform.
* The Oracle Rates can provide real-time price data feeds for decentralized applications, including derivatives contracts, lending, payments and stablecoins, San Francisco-based Kraken said.
* Chainlink's decentralized oracle network is widely used within DeFi to provide reliable price data aimed to be free from manipulation. Oracles provide data that can be used to trigger events using smart contracts.
“Not only will this provide DeFi with accurate price feeds from a high-volume exchange, but we can cryptographically sign this data on-chain to prove without a doubt its origin, making it even more reliable when used to trigger automated blockchain transactions,” said Jeremy Welch, Kraken’s VP of product.
Source: https://www.coindesk.com/kraken-exchange-brings-its-spot-price-data-to-defi-via-new-chainlink-node
Tweet: https://twitter.com/Defi_Summit/status/1356446497659830272
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Kraken, the fourth-largest cryptocurrency exchange by trading volume, is making its spot price data available for use by decentralized finance (DeFi) applications and developers.
* Kraken announced Monday it is now running its own Chainlink node, enabling it to broadcast its Oracle Rates to Ethereum and other blockchains.
* Chainlink’s built-in cryptographic signing capability also means users will have access to on-chain proof of any data originating from Kraken's platform.
* The Oracle Rates can provide real-time price data feeds for decentralized applications, including derivatives contracts, lending, payments and stablecoins, San Francisco-based Kraken said.
* Chainlink's decentralized oracle network is widely used within DeFi to provide reliable price data aimed to be free from manipulation. Oracles provide data that can be used to trigger events using smart contracts.
“Not only will this provide DeFi with accurate price feeds from a high-volume exchange, but we can cryptographically sign this data on-chain to prove without a doubt its origin, making it even more reliable when used to trigger automated blockchain transactions,” said Jeremy Welch, Kraken’s VP of product.
Source: https://www.coindesk.com/kraken-exchange-brings-its-spot-price-data-to-defi-via-new-chainlink-node
Tweet: https://twitter.com/Defi_Summit/status/1356446497659830272
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CoinDesk
Kraken Exchange Brings Its Spot Price Data to DeFi Via New Chainlink Node
Kraken's connection to the Chainlink network allows the exchange to broadcast its price data for use in blockchain-based apps.
Futureswap V2 wants to offer a home for DeFi whale traders 🐳
After the success of the automated market maker, or AMM, model for building decentralized spot exchanges, several projects are now racing to take this concept to the world of derivatives. One of these is Futureswap, an AMM-based futures exchange specifically designed for large trades.
Futureswap has recently launched Version 2 of its platform, which features a unique oracle design that allows to increase capital efficiency for large trades. Benji Richards, co-founder of Futureswap, explained the idea to Cointelegraph:
“When you think of AMM people think of the constant-product like Uniswap. The main difference with ours is we took the AMM and didn't use the same formula. We designed it around the thesis that large trades should not be penalized for being large trades, which then will create a better ecosystem for what we call whale traders or massive arbitrageurs.”
Source: https://cointelegraph.com/news/futureswap-v2-wants-to-offer-a-home-for-defi-whale-traders
Tweet: https://twitter.com/Defi_Summit/status/1356658399354761220
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After the success of the automated market maker, or AMM, model for building decentralized spot exchanges, several projects are now racing to take this concept to the world of derivatives. One of these is Futureswap, an AMM-based futures exchange specifically designed for large trades.
Futureswap has recently launched Version 2 of its platform, which features a unique oracle design that allows to increase capital efficiency for large trades. Benji Richards, co-founder of Futureswap, explained the idea to Cointelegraph:
“When you think of AMM people think of the constant-product like Uniswap. The main difference with ours is we took the AMM and didn't use the same formula. We designed it around the thesis that large trades should not be penalized for being large trades, which then will create a better ecosystem for what we call whale traders or massive arbitrageurs.”
Source: https://cointelegraph.com/news/futureswap-v2-wants-to-offer-a-home-for-defi-whale-traders
Tweet: https://twitter.com/Defi_Summit/status/1356658399354761220
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Cointelegraph
Futureswap V2 wants to offer a home for DeFi whale traders
Automated market makers are the key to create the perfect environment for whale traders, according to the Futureswap team.
Harvest Finance's Week 23 Updates!
Harvest.finance just released their new weekly updates including iFarm, Luna update, PerpProtocol update, & their Marketing Contest!
iFarm Update: iFARM
We kept the midnight oil burning in Discord Governance as we ideated the new value accruing iFARM token which represents your profit share stake. iFARM could potentially be used in protocols like Aave
without losing your profit share APY!
Luna x Mirror Protocol Update:
The goddess of good fortune has awoken and begun showering LUNA upon those who are wisely tilling the fertile fields of mirrorprotocol mSTONKS. Keep an eye on your wallets as the rewards are being airdropped directly to you!
PerpProtocol Update:
Part of our operational fund is earmarked for funding new projects to launch successfully. Our very first investment was perpprotocol. 10% of net profits were directed back to the farmer who proposed the deal, roughly US$50,000
Marketing Contest:
There are only two days left to submit your entries to the Marketing Contest. See all the details here. $6000 total in FARM is up for grabs!
Source: https://twitter.com/harvest_finance/status/1356665267087151104?s=20
Tweet: https://twitter.com/Defi_Summit/status/1356674230163767299
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Harvest.finance just released their new weekly updates including iFarm, Luna update, PerpProtocol update, & their Marketing Contest!
iFarm Update: iFARM
We kept the midnight oil burning in Discord Governance as we ideated the new value accruing iFARM token which represents your profit share stake. iFARM could potentially be used in protocols like Aave
without losing your profit share APY!
Luna x Mirror Protocol Update:
The goddess of good fortune has awoken and begun showering LUNA upon those who are wisely tilling the fertile fields of mirrorprotocol mSTONKS. Keep an eye on your wallets as the rewards are being airdropped directly to you!
PerpProtocol Update:
Part of our operational fund is earmarked for funding new projects to launch successfully. Our very first investment was perpprotocol. 10% of net profits were directed back to the farmer who proposed the deal, roughly US$50,000
Marketing Contest:
There are only two days left to submit your entries to the Marketing Contest. See all the details here. $6000 total in FARM is up for grabs!
Source: https://twitter.com/harvest_finance/status/1356665267087151104?s=20
Tweet: https://twitter.com/Defi_Summit/status/1356674230163767299
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Harvest Finance
1/n 🆕 Week 23 Updates 💹iFARM We kept the midnight oil burning in Discord #Governance as we ideated the new value accruing iFARM token which represents your profit share stake. iFARM could potentially be used in protocols like @AaveAave without losing your…
TrustSwap DeFi Protocol Aims to Clean up the Crypto Space
TrustSwap has found a way to deter or prevent early investors and token holders from dumping their share when prices pump. Now, it has added the ability to launch fully audited tokens since its SmartLock alone does not protect from code exploits.
Most new DeFi protocols will have two separate audits for their contracts, but this still doesn’t prevent gaming the system through flash loans for example. Citing the cost of these audits, TrustSwap is proposing a system called SmartLaunch for DeFi protocols wanting to get ahead without the expense;
“With Mint you can create a fully audited token within minutes, for $0 in fees. It’s that simple.”
Source: https://beincrypto.com/trustswap-defi-protocol-clean-crypto-space/
Tweet: https://twitter.com/Defi_Summit/status/1356695355547607042
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TrustSwap has found a way to deter or prevent early investors and token holders from dumping their share when prices pump. Now, it has added the ability to launch fully audited tokens since its SmartLock alone does not protect from code exploits.
Most new DeFi protocols will have two separate audits for their contracts, but this still doesn’t prevent gaming the system through flash loans for example. Citing the cost of these audits, TrustSwap is proposing a system called SmartLaunch for DeFi protocols wanting to get ahead without the expense;
“With Mint you can create a fully audited token within minutes, for $0 in fees. It’s that simple.”
Source: https://beincrypto.com/trustswap-defi-protocol-clean-crypto-space/
Tweet: https://twitter.com/Defi_Summit/status/1356695355547607042
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BeInCrypto
TrustSwap DeFi Protocol Aims to Clean up the Crypto Space
TrustSwap is looking to clean up the DeFi space by providing a service that allows the minting of pre-audited tokens in a safe environment.
Hashmask NFT Raises $10M in Four Days!
Hashmasks, the latest non-fungible token (NFT) rave already seems to be drawing attention as the project has raised almost $10 million in only four days of its limited-edition “cards” being on sale. Meanwhile, one of the already acquired digital collectibles has already been resold for more than $126,000 on the NFT marketplace OpenSea as collectors rush to acquire the new piece of NFT memorabilia.
15,333 NFTs have already been sold to collectors for a combined total of about 7,666 ETH. This figure amounts to almost $10 million based on the current spot price of Ether on the market.
Launched on Jan. 28, Hashmasks is a digital art cum digital collectibles collection featuring 16,384 unique cards. Each card is said to hold five distinct attributes; eye color, skin color, mask, character, and item, that all combine to differentiate the tokens.
Source: https://btcmanager.com/hashmask-nft-10m-four-days-trump-card-97-eth/?utm_source=onesignal&utm_medium=push&utm_campaign=push%notification
Tweet: https://twitter.com/Defi_Summit/status/1356731273138622465
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Hashmasks, the latest non-fungible token (NFT) rave already seems to be drawing attention as the project has raised almost $10 million in only four days of its limited-edition “cards” being on sale. Meanwhile, one of the already acquired digital collectibles has already been resold for more than $126,000 on the NFT marketplace OpenSea as collectors rush to acquire the new piece of NFT memorabilia.
15,333 NFTs have already been sold to collectors for a combined total of about 7,666 ETH. This figure amounts to almost $10 million based on the current spot price of Ether on the market.
Launched on Jan. 28, Hashmasks is a digital art cum digital collectibles collection featuring 16,384 unique cards. Each card is said to hold five distinct attributes; eye color, skin color, mask, character, and item, that all combine to differentiate the tokens.
Source: https://btcmanager.com/hashmask-nft-10m-four-days-trump-card-97-eth/?utm_source=onesignal&utm_medium=push&utm_campaign=push%notification
Tweet: https://twitter.com/Defi_Summit/status/1356731273138622465
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BTCMANAGER
Hashmask NFT Raises $10M in Four Days as Trump Card Nets 97 ETH
Hashmasks, the latest non-fungible token (NFT) rave already seems to be drawing attention as the project has raised almost $10 million in only four days of its limited-edition "cards" being on sale. Meanwhile, one of the already acquired digital collectibles…
As Robinhood Halts, DEX Trading Soars
The frenzy around GamesStop, AMC, and other “meme stocks” have caused stock brokers like Robinhood to restrict or suspend trading for thousands of users. But decentralized exchanges like Uniswap are seeing a frenzy of their own, with no way for the developers—or anyone else—to interfere.
Decentralized exchanges (DEX) just closed out their biggest month ever, processing more than $63 billion in trading volume over the last 30 days, according to data from Dune Analytics. That’s more than half the total volume from all of 2020 in January alone.
No centralized authority also means DEX trades can never be censored or suspended, unlike brokers such as Robinhood that can change the rules about who can trade, and how much, seemingly at will.
Source: https://decrypt.co/56219/robinhood-halts-dex-trading-soars
Tweet: https://twitter.com/Defi_Summit/status/1356733129675984898
Follow us on Twitter for more news: https://twitter.com/Defi_Summit
The frenzy around GamesStop, AMC, and other “meme stocks” have caused stock brokers like Robinhood to restrict or suspend trading for thousands of users. But decentralized exchanges like Uniswap are seeing a frenzy of their own, with no way for the developers—or anyone else—to interfere.
Decentralized exchanges (DEX) just closed out their biggest month ever, processing more than $63 billion in trading volume over the last 30 days, according to data from Dune Analytics. That’s more than half the total volume from all of 2020 in January alone.
No centralized authority also means DEX trades can never be censored or suspended, unlike brokers such as Robinhood that can change the rules about who can trade, and how much, seemingly at will.
Source: https://decrypt.co/56219/robinhood-halts-dex-trading-soars
Tweet: https://twitter.com/Defi_Summit/status/1356733129675984898
Follow us on Twitter for more news: https://twitter.com/Defi_Summit
Decrypt
As Robinhood Halts, DEX Trading Soars
While investors have been focused on GameStop and Robinhood, decentralized exchanges have seen more than $63 billion in volume this month
One Big Pool: Balancer’s New Version Cuts Down Transactions and Gas Fees
Balancer, a non-custodial portfolio manager, is releasing version 2.0, which puts all the assets entrusted to it in one big vault. This should dramatically reduce gas fees for decentralized finance (DeFi) trades because users can swap as much as they want, only paying gas for going into and out of Balancer.
Balancer works much like (and can serve the function of) an automated market maker (AMM) like Uniswap or Curve but it allows users to create pools of multiple tokens, weighted as they see fit. The pools automatically rebalance as needed in order to stay in line with the market.
This requires making a lot of transactions, which in turn require a lot of Ethereum gas fees. That is not capital-efficient for traders nor for liquidity pool providers, especially as gas prices tick upward.
In this new version, the accounting for those pools will just be done in smart contracts separate from the big custody pool.
Source: https://www.coindesk.com/one-big-pool-balancers-new-version-cuts-down-transactions-and-gas-fees
Tweet: https://twitter.com/Defi_Summit/status/1356772101810700290
Follow us on Twitter for more news: https://twitter.com/Defi_Summit
Balancer, a non-custodial portfolio manager, is releasing version 2.0, which puts all the assets entrusted to it in one big vault. This should dramatically reduce gas fees for decentralized finance (DeFi) trades because users can swap as much as they want, only paying gas for going into and out of Balancer.
Balancer works much like (and can serve the function of) an automated market maker (AMM) like Uniswap or Curve but it allows users to create pools of multiple tokens, weighted as they see fit. The pools automatically rebalance as needed in order to stay in line with the market.
This requires making a lot of transactions, which in turn require a lot of Ethereum gas fees. That is not capital-efficient for traders nor for liquidity pool providers, especially as gas prices tick upward.
In this new version, the accounting for those pools will just be done in smart contracts separate from the big custody pool.
Source: https://www.coindesk.com/one-big-pool-balancers-new-version-cuts-down-transactions-and-gas-fees
Tweet: https://twitter.com/Defi_Summit/status/1356772101810700290
Follow us on Twitter for more news: https://twitter.com/Defi_Summit
Coindesk
One Big Pool: Balancer's New Version Cuts Down Transactions and Gas Fees
Version 2 of the DeFi site also has an "asset manager" where idle funds earn yield.
This Hashmask NFT Just Sold For 420 ETH! That's currently $637k!
Launched on Jan. 28, Hashmasks is a digital art cum digital collectibles collection featuring 16,384 unique cards. Each card is said to hold five distinct attributes; eye color, skin color, mask, character, and item, that all combine to differentiate the tokens.
https://opensea.io/assets/0xc2c747e0f7004f9e8817db2ca4997657a7746928/9939
Source: https://twitter.com/seedphrase/status/1356733326673895425
Tweet: https://twitter.com/Defi_Summit/status/1356775924973375488
Follow us on Twitter for more news: https://twitter.com/Defi_Summit
Launched on Jan. 28, Hashmasks is a digital art cum digital collectibles collection featuring 16,384 unique cards. Each card is said to hold five distinct attributes; eye color, skin color, mask, character, and item, that all combine to differentiate the tokens.
https://opensea.io/assets/0xc2c747e0f7004f9e8817db2ca4997657a7746928/9939
Source: https://twitter.com/seedphrase/status/1356733326673895425
Tweet: https://twitter.com/Defi_Summit/status/1356775924973375488
Follow us on Twitter for more news: https://twitter.com/Defi_Summit
OpenSea
sex - Hashmasks
👉 Hashmask names can change at any time. Immediately before purchasing a Hashmask, enter the Hashmask's token ID into the `tokenNameByIndex` function on a site like [Etherscan](https://etherscan.io/address/0xc2c747e0f7004f9e8817d
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Polygon Power Panel with a SPECIAL GUEST on June 15th. #DARETODEFI
A community & resource dedicated to help educate, connect and build the DeFi ecosystem together.
Join the movement! https://www.DCENTRALCon.com
Chatroom: https://t.me/DCENTRALGlobal
Join the movement! https://www.DCENTRALCon.com
Chatroom: https://t.me/DCENTRALGlobal
Dcentralcon
DCENTRAL Dubai | Web3 Events
DCENTRAL is the largest community-based, multi-chain Web3 and crypto events brand and facilitator focusing on DeFi, NFTs, Metaverses, GameFi and DAOs.
DeFi Summit Announcements pinned «A community & resource dedicated to help educate, connect and build the DeFi ecosystem together. Join the movement! https://www.DCENTRALCon.com Chatroom: https://t.me/DCENTRALGlobal»