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    Splinterlands Debuts Scalper Protection With New Card Release

    Chaos Legion is the most recent expansion for Splinterlands. A total of 1 million packs, priced at $4 each, were made available for sale. The Chaos Legion pre-sale runs for a full month, and the initial interest already seen during the first 24 hours confirms players’ excitement regarding this expansion. Such high interest in these new cards confirms Splitnerlands’ dominant position in the play-to-earn blockchain gaming segment. Through a unique VOUCHER mechanism, Splinterlands has found a way to combat bots and scalpers. It is essential to provide fair access to Chaos Legion for all players. Rather than selling the packs all at once unrestricted and leaving them to be bought in bulk by a concentrated few, the team introduced a new VOUCHER token. Every card pack purchased will require spending the $4 and one such VOUCHER token. The only way to acquire VOUCHER is by playing the game and staking the SPS currency. This ensures the cards go to the players who actually are involved with the game rather than bots and scalpers.A total of 33,333.33 VOUCHER tokens are created daily throughout the 30-day pre-sale period, resulting in 1 million VOUCHER tokens in total. The Splinterlands team can monitor the purchasing process and ensure everyone has equal and fair access to Chaos Legion packs through this method. Moreover, the VOUCHERS incentivizes community members to stake SPS for the long term, as the asset will be instrumental in sales, promotions, and rewards in the game.Following the Chaos Legion pre-sale, VOUCHER tokens will still be useful for additional in-game benefits. Moreover, users can keep earning these tokens by staking SPS. The team is exploring other options, including liquidity pools and other sources. More information on the future of VOUCHER tokens will be announced through the official Splinterlands social channels. “The VOUCHER system is a fantastic way to provide value to the governance holders and our community. Preventing whales and bots from controlling the market and pricing out the players who actually play and love our game is an essential step forward. Splinterlands raises the bar for fair and equal distribution of NFTs and other digital assets with monetary value. Other blockchain projects, either in the gaming industry or otherwise, may take this example as an invitation to introduce a more fair way of conducting sales in the future.”
    said Dr. Jesse“Agreed”
    Reich, Splinterlands co-founder and CEO. EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]

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    Balancer and Gnosis Launch Joint Balancer-Gnosis Protocol

    Lead DeFi protocols — Balancer and Gnosis, Balancer Growth’s Head of Growth, Jeremy Musighi, announced today at Liscon, the official launch of Balancer-Gnosis-Protocol (BGP). BGP, to be specific, is a combination of the ‘vault architecture’ of Balancer V2 and the revolutionary price-finding mechanism of Gnosis Protocol.The two collaborators hope to provide more benefits to users such as on-chain liquidity, MEV protection, better trading prices, and optimized gas costs. With this, users will be able to take advantage of BGP, which is now the default when trading on balancer.fi.Balancer Labs CEO & Co-Founder — Fernando Martinelli, comments,In detail, BGP removes the need for an external market maker or liquidity provider. Through this, it will allow users to save on gas costs, slippage tolerance, as well as protocol fees.To note, Miner Extractable Value or MEV refers to the measure of profit that a mincer can make through their ability to include, exclude or reorder transactions within the blocks they produce. In fact, to date, more than &30 million has been extracted from users by bots frontrunning transactions and exploiting the slippage users allow in trade.Moreover, BGP or the Balancer-Gnosis-Protocol leverages batch auctions with uniform clearing prices for all trades in the same batch, to protect users from the aforementioned value extraction, which is already active on the Gnosis CowSwap DEX.Also expressing his delight on the collaboration, Gnosis CEO and Co-founder — Martin Köppelmann, said,Furthermore, the users of Balancer will be introduced to Gnosis’s price-finding mechanism, based on gasless orders and smart order routing. Users will now sign an off-chain message with their intent to trade, instead of sending an executable transaction with a predetermined execution path. More so, the additional third party will execute trades that match against whichever on-chain liquidity offers the best price.Continue reading on CoinQuora More

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    DeFi 2.0: A Megatrend for the 2022 Summer

    The New DeFi SummerDeFi brought more financial usability to smart contracts, creating new financial instruments outside the realms of centralized institutions. In fact, it brought blockchain to its intended scope of promoting a decentralized market.DeFi protocols spun off from flagship protocols like Compound, which stamped their place in the DeFi market through “liquidity mining.” The industry-recognized its shortcomings due to their capital inefficiency. DeFi 1.0 attracted users by rewarding them with high yield, yet the financial return mentality of investors did not account for a project’s worth. Rather, users concentrated on flipping capital between protocols to obtain higher APY’s.Scuppytrooples highlighted in a Twitter thread that DeFi 2.0 would kickstart a new market obsession as new projects developed more efficient protocols on top of DeFi 1.0. In essence, DeFi 2.0 will amend network shortcomings, including scalability, liquidity protocol, and governance, which all fall under the umbrella of capital efficiency. What DeFi 2.0 Wants to Be.Trends heavily guide blockchain’s culture mentality. DeFi 2.0 is obsessively used by new protocols to increase demand and draw investor attention. Hackernoon noted in a 2020 article that DeFi 2.0 is the condition to increase “support for real-world economic activities,” but requires an underlying remodeling of functions, including liquidity and scalability. A Messari Research article highlighted that DeFi 2.0 aims to resolve liquidity mining incentives and prevent capital nomads from affecting the sustainability of projects. Sam Kazemian, the founder of Frax Finance, argued that DeFi 2.0 is, in fact, “experimenting with algorithmic & social rules that formalize their capital deployment,” in order to streamline and create a better performing protocol-oriented towards comprehensive decentralization.DeFi 2.0. needs to go beyond the previous bootstrapping mechanisms implemented by early protocols. Admittedly, high liquidity mining APYs are an intelligent customer acquisition process, but ultimately failed in the long-term success of products. Jason Ye argued that native token prices would decrease as token inflation rose.Scupytrooples emphasized that Olympus DAO is taking a different rewards route and showcasing firsthand why DeFi 2.0 can improve the overall perception of decentralized finance. Olympus DAO has implemented a protocol-controlled value that uses a bonding mechanism, which effectively works to prevent “toxic liquidity” from entering the ecosystem.On The FlipsideWhat’s the Novelty?In truth, new protocols that follow the main DeFi scheme failed because of the lack of demand in the network. Quang Phan noted that Capital Efficiency is DeFi’s ultimate goal if it aims to reach mass adoption status. The lack of usability of platform functions, aside from the passive income generated by users, is close to none. Sure, this does not apply to established protocols such as Uniswap, however, it does show how DeFi is used for speculative purposes.DeFi 2.0 thus programs new expectations for protocols to be addressing several issues, including scalability, governance centralization, and liquidity mining. To that end, trusting a protocol that’s governed by a set of network rules increases the decentralization factor, and the balance sheet liquidity attained and stored by protocols decreases the risk factor. In short, DeFi 2.0 holds the prerequisites necessary for abiding by regulatory norms, while still maintaining autonomy.Why You Should Care?High yields generated by farmers through liquidity mining could be a thing of the past. New rules being added to DeFi 2.0 protocols could be the catalyzing agents for improving the perception of DeFi as a safe financial tool.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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    Paul Tudor Jones: Cryptocurrencies Are Better than Gold to Hedge Against Inflation

    American billionaire Paul Tudor Jones said that cryptocurrencies are at times a better hedge against inflation than gold. The investor and head of Tudor Investment Corporation, expressed his concerns about the drastic increase in the prices of goods and services in the United States.“It would be my favorite over gold at the moment,” Tudur said, referring to digital assets in a statement to CNBC. He said that it is now clear that “there’s a place for crypto. Clearly, it’s winning the race against gold at the moment.”According to Jones, current inflation poses a serious threat to financial markets and to the US economy, which is just beginning to recover from the damage caused by the Covid-19 pandemic.Jones, who is a well-known Bitcoin and cryptocurrency bull, says that the percentage of digital assets he owns in his portfolio is in the single digits. Earlier, Jones had said that Bitcoin was a great way for investors to protect the long-term value of their wealth. He also rated BTC as a store of wealth similar to gold.On The FlipsideThe world’s largest cryptocurrency, which hit the record price of US $66,000 on Wednesday, has been called digital gold. Although it was created with the purpose of serving as a payment system, its adoption as current money has been less rapid than that of other cryptocurrencies. Partly due to the high volatility of the currency.Jones’ comment did not go unnoticed by investors Wednesday morning. Immediately its effect on the price of the cryptocurrency was seen when it reached its all-time high, breaking the April record.However, for many investors this is not the best time to buy BTC. For several months, BTC stayed between $30,000 and $45,000, until the last two weeks when its price doubled from the May and July lows.In recent days, the move of Bitcoin miners from China to the US, the regulation plans for cryptocurrencies, and the launch of the first BTC futures fund listed on the New York Stock Exchange have positively impacted the price of the asset.By the way, in relation to the ProShares Bitcoin Strategy ETF, which had an excellent performance on the exchange on Tuesday and Wednesday, the millionaire pointed out that he prefers physical BTC instead of the ETF linked to futures.Why You Should Care?EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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    Defi.Org Accelerator Launches Open DeFi Notification Protocol by Orbs

    Orbs, a decentralized public blockchain platform announced the launch its Open DeFi Notification Protocol. In detail, this is designed to give users free mobile notifications regarding consequential on-chain events.This chain-agnostic protocol actually originated from the DeFi.Org Accelerator — a joint venture between Orbs, Binance, and Moonstake. The Accelerator, moreover, helped founders to launch the next wave of innovation in DeFi (decentralized finance), providing liquidity, mentorship, and exposure to market players.Furthermore, the Open DeFi Notification Protocol is Orbs’ newest contribution to the aforementioned venture. It leverages contributions from community members, to record events such as rewards, price swings, near liquidations, stop loss, upgrades, new governance votes, and many others.Through gaining such data, DeFi users, traders, and liquidity providers will be able to manage their activities better and avoid losses, especially during market volatility.Orbs Co-founder, Tal Kol, commented,However, the initial beta version of the protocol will use a centralized node to track and display updates. As a result, Orbs intends to launch an updated version, which uses the eponymous network’s set of independent nodes, to shift to further decentralization.Tal Kol also added,To clarify, with a simple 30-minute integration on Github, any deFi project will be able to give its users free mobile notifications — a feature that will help them gain an edge on rival protocols.In addition to all these, Open DeFi Notification Protocol will allow users to set up any number of alerts for different DeFi apps — with the ability to integrate an open-source web component directly within several dApps’ front-end architecture.What’s more, users just simply have to download the mobile app, “DeFi Notifications” for iOS and Android, or they can scan their address QR in MetaMask (or the position QR in the app’s UI). Also, no registration is required.To know more, there is an example video of the Protocol working with Sushi, that is already uploaded in Orbs’ official YouTube channel.Continue reading on CoinQuora More