Kraken Launches Restaking on EigenLayer
Kraken has launched a new feature allowing non-U.S. customers to restake their already-staked ETH on EigenLayer
> Kraken's subsidiary, Staked, acts as the validator for the restaked assets
> The total value locked in liquid restaking tokens has surged over 3000% this year, reaching approximately $11 billion
> The feature aims to reduce barriers for investors familiar with centralized exchanges but is unavailable to U.S. customers due to regulations
Kraken's move enhances accessibility to restaking, tapping into the growing interest in decentralized finance
Source: Kraken
FalconX Launches Auto-Liquidation Service for Crypto Miners
FalconX introduced an "electronic streaming service" to automate the conversion of crypto mining rewards to USD
> Automates crypto-to-USD conversion for miners
> The service supports various proof-of-work tokens, including Bitcoin and Litecoin
> FalconX readies new tools for miners: liquidity, hedging, and financing solutions
The launch arrives as miners face instability due to lower revenues from the Bitcoin halving
Source: FalconX
> Nodekit - The Composable Superbuilders
https://x.com/eli5_defi/status/1846174481720791112?t=6vjuLSrKURtAxhq9x9mbFw&s=19
Drift Protocol: Dominating the DeFi Derivatives Market
Drift Protocol, a Solana-based DEX, is rapidly gaining market share in the derivatives trading space due to its speed, low costs, and innovative liquidity solutions
> The platform utilizes Dynamic Automated Market Maker and Just-In-Time liquidity for enhanced trading efficiency
> Drift BET attracted $3.5 million in liquidity on its launch day
Drift embraces exciting opportunities while navigating the evolving landscape of regulation and enhancing token utility
Source: Drift
Cysic Fuels Scroll's ZK Rollup Revolution: Hardware Integration Boosts Efficiency
Cysic Network has partnered with Scroll to enhance zero-knowledge proof (ZKP) generation for its Layer 2 system, reducing proof time from hours to minutes with advanced GPU servers
> Aims to fill infrastructure gaps and improve Ethereum scaling as Scroll’s total value locked exceeds $900 million
> Cysic raised $6 million in funding and is developing hardware products (ZK Air and ZK Pro) for release in 2025
Source: Cysic
Innovate, Integrate, Invigorate: Movement's Mainnet Launch with LayerZero
Movement is leading the charge with the launch of its mainnet, powered by an innovative partnership with LayerZero
> Movement enables seamless transfers of USDC, USDT, ETH, and LSTs from Ethereum and Layer 2s, creating a unified liquidity pool for enhanced DeFi transactions
> MoveVM enhances Movement with greater speed, efficiency, and security, making it a robust platform for DeFi developers
> The LayerZero collaboration enhances safety and speed in the Movement ecosystem, tackling common DeFi transaction concerns
Your journey to redefine finance starts here!
Source: LayerZero x Movement
Eli5DeFi News Recap
Support us by subscribing :
Eli5DeFi X | Telegram | Farcaster | Newsletter (Relaunch Soon)
————
⭐️HIGHLIGHTS ⭐️
> wlfi/world-liberty-financial-seeks-to-revolutionize-finance-with-a-defi-protocol-that-will-be-built-for-3ec1f34ae7ac">World Liberty Financial - Revolutionizing DeFi with Mass Adoption in Mind
> Sui Foundation - Denies $400 Million Insider Trading Allegations
> Coinbase - Welcomes Degen (DEGEN) to the Base Network
> TD Bank - Faces $3 Billion Penalty for Ignoring Suspicious Crypto Transactions
————
⭐️ELI5 THREAD ⭐️
> MortgageFi - How to Get $45M with $2000?
> Nudge - Check Your Nudge Points
> Puffer - It's Time to $PUFFER
> Plato - The First Eat2Earn
————
⭐️ NEWS ⭐️
> Solid Intel - Former Paxos CEO Rich Teo Joined the Trump Family's WLF to Lead Stablecoin and Payment Initiatives
> Crypto Firms - Go on the Offensive: Suing the SEC in the US South
> Tether - Explores Commodities Trading and TradFi Opportunities: CEO Announces New Investment Vehicle
> James Howells - Fights for Access to Landfill to Recover $500 Million Bitcoin Fortune
> Hyperliquid - Announced HYPE: Unlocking the Future of Finance
> CAP Labs - Introducing CAP Labs: Adaptive Yield, Secure Stablecoins
> MegaETH - The Tradeoffs of Speed and Decentralization in Blockchain
> Felix Protocol - Unveils feUSD: A Hyperliquid-Native Stablecoin
> Sorella Labs - ASS: A New Approach to Protecting DeFi Users from MEV
> Tabi - Revolutionizing Appchain Development and Deployment
> DL News - Ethereum ETFs Bleed $550 Million Amidst SEC Delays: A Market Analysis
> MrBeast - Linked Crypto Wallets Rake in $13 Million in Alleged Pump-and-Dump Schemes
> Aria - A New Multimodal Open-Source LLM Outperforms Proprietary Models in Benchmarks
> HYCHAIN - Launches Loot Legends: Pioneering a New Dimension in Mobile Gaming
———
⭐️ BOOKMARKED
> Vitalik Buterin - Proposes Ethereum Upgrades: Lowering Staking Requirements and Improving Transaction Finality
> Larry Fink - Bitcoin's Growth Untethered from US Election Outcomes
> MarcoV - Ethereum Contract Surge: September 2024 Sets New High
> Zoomer Oracle - An Analysis of "Cult Tech Coins": Community, ROI, and Market Dynamics
> TD Cowen - Predicts Hagerty's Stablecoin Bill to Influence 2025 Legislation
> Arthur - DeFi's Renaissance: A Comeback Story
> spjoleh - The Delta Solution: Bridging the Gap Between Protocols and Businesses on Blockchain
> cherryblue - Onchain Reality Maximalism: A New Paradigm for Human Experience
> Chop - $GOAT Token: A Deep Dive into the Lore and Potential of @truth_terminal
> Amir Ormu - Meteora Revealed: Master Dynamic Pools and Volatility Strategies
> JavierAng - Sub-$20M Crypto with Potential 50x Growth: Early Base Season Play?
> Anton Kraminkin - Strategic TGE Timing: A Case Study of Off The Grid and Sleep2Earn Failures
> Cointelegraph - Crypto Policy and Legislation Comparison Between Joe Biden, Kamala Harris, and Donald Trump
> Blockworks - Bitcoin Surges Past $66K: Is 'Uptober' Finally Here?
> Cloudflare - Post-Quantum Cryptography: Navigating the Transition
> Jose Antonio Lanz - OpenAI vs. Anthropic: A Comparative Analysis of AI Model Meta-Prompts
> decrypt - AI Detectors: Hype or Hazard? A Critical Look at the Accuracy of AI-Generated Content Detection Tools
> Andrew Hayward - Maximize Your Gains: How to Boost Your X Empire Telegram Game Airdrop
> Wu Blockchain Podcast - NFT Investing Gone Wrong: Blur, Magic Eden, and Lessons Learned
————
⭐️ FUNDING⭐️
> Fission Labs - $1.6M Pre-seed Round
> Apex Fusion - $6M Seed Round
> infinitar/infinitar-secures-9m-in-series-a-funding-bringing-total-funding-to-11-9m-9c61581bf2aa">Infinitar - $9M Series A Round
————
⭐️ TESTNET/ AIRDROP⭐️
> N/A
https://x.com/0xkyle__/status/1845954783493980466
Читать полностью…
Introducing CAP Labs: Breaking the DeFi Yield Cycle
CAP Labs introduces CAP, a novel stablecoin engine aiming to revolutionize DeFi yield generation by utilizing exogenous sources like arbitrage and RWAs
> Uses a competitive agent model for adaptive, high-frequency strategies and shared security networks (like EigenLayer) for user protection
> While aiming for an autonomous, "evergreen" protocol , key risks include potential failures in slashing mechanisms and fluctuations in the value of underlying assets
CAP is projected to launch in Q1 2025
Source: CAP
Hyper Foundation - Announced HYPE Genesis: Unlocking the Future of Finance
The Hyper Foundation is launching HYPE, the native token for the Hyperliquid blockchain and its HyperEVM
> HYPE, the native token, is crucial for HyperBFT consensus and HyperEVM development
> The HyperEVM expands access to this liquidity for applications built on Hyperliquid
> A genesis distribution of HYPE (and optional Hypurr NFT) is available to eligible users
Users must accept Genesis Event Terms by November 11, 2024, to participate
Source: HYPE
> It's Time to $PUFFER
https://x.com/eli5_defi/status/1845857306938106261?t=bZ-OMCDcX2B7pIbCt3W4aw&s=09
Eli5DeFi News Recap
Support us by subscribing :
Eli5DeFi X | Telegram | Farcaster | Newsletter (Relaunch Soon)
————
⭐️HIGHLIGHTS ⭐️
> CopperHQ - Appoints Former Goldman Sachs MD Amar Kuchinad as New CEO
> Banq - Bankruptcy Application Dismissed: U.S. Judge Calls It a 'Bad Faith' Tactic
> Samara Asset Group - Issues $32.78 Million Bond to Boost Bitcoin Holdings and Alternative Investments
> Deutsche Bank - Partners with Keyrock to Provide Foreign Exchange Services for Crypto Market
> Telegram - Establishes Office in Kazakhstan to Boost Regulatory Compliance
————
⭐️ELI5 THREAD ⭐️
> MortgageFi - How to Get $45M with $2000?
> Eli5DeFi - Weekly Post Highlights
> Eli5DeFi - Weekly Project Spotlights
————
⭐️ NEWS ⭐️
> Bitcoin - Surges Past $64,000, Fueled by China Stimulus Hopes and Market Optimism
> $dTAO - Revolutionizing Bittensor's Decentralized AI Ecosystem
> Kaspa - Strategic Initiatives Fueling Ecosystem Growth and Technological Advancements
> Visa's VTAP - Revolutionizing Digital Payments with Tokenized Assets
> MicroStrategy - Leads Crypto Stock Gains in Pre-market Trading
> Coindesk - Token Unlocks Loom: $500M in Cryptocurrency Set to Hit the Market
> Digital Asset Investment - Product Inflows: A Correlation with US Political Shifts
> OKX - Lists Pre-Market Futures for GRASS Crypto
> Soneium - Announcing the Winners of the Soneium Spark Incubation Program!
> EigenLayer's - EIGEN Token: A Market Analysis and Future Outlook
> Airdrop - $GRASS Airdrop Update: October 21st Checker & Okx Listing
———
⭐️ BOOKMARKED
> Jefferies - Report: Bitcoin Mining Profitability Drops in September
> Vitalik - The Next Chapter of Ethereum: Enhancing Proof-of-Stake
> Scott Bessent - Strong Dollar Predicted Under Potential Trump Presidency, Despite Tariff Plans
> DWF Ventures - Sui, Aptos, and Movement: A Comparison of Move-Based Public Chains
> LGHT - Eccentric-Led Innovation in Crypto
> Reggie James - A Land Without Giants: The Search for New Tech Archetypes
> Jim - The Two Embarrassing Trends in Crypto: Memecoin Gambling and Layer 2 Speculation
> doug funnie - Analyzing Low Market Cap Crypto: Identifying Patterns for Success
> Clark Tang - Insights from Altimeter: Nvidia's Full Stack Approach and the Future of Accelerated Computing
> Undefined Labs - Scroll: The Future of Ethereum's Layer 2?
> Google - Bitcoin Search Interest Hits One-Year Low Despite Price Surge
————
⭐️ FUNDING⭐️
> Solv - Raises $11M
————
⭐️ TESTNET/ AIRDROP⭐️
> N/A
Key Differences Among Sui, Aptos, and Movement Public Chains
1. Architecture
> Aptos and Movement: Both chains utilize a linear blockchain architecture, where blocks are added sequentially, and state updates occur through batched transactions
> Sui: Features a Directed Acyclic Graph (DAG) structure, which allows transactions to reach consensus independently, enhancing throughput
2. Consensus Mechanism and Time to Finality (TTF)
> Aptos: Implements AptosBFT, enhancing efficiency by limiting communication to a leader node
> Sui: Uses Mysticeti, allowing a single validator to sign blocks and appoint multiple leaders, optimizing transaction submissions
> Movement: Adopts the Avalanche Snowman consensus mechanism, where a majority of a validator sample is required, causing delays in case of conflicting decisions
3. Ecosystem
> Aptos: Has a more established ecosystem, benefiting from a longer operational period with more projects compared to Sui and Movement
> Sui and Movement: Both are actively working on builder support and funding initiatives to foster growth
Source: What are the real differences between Sui, Aptos and Movement?
Eli5DeFi News Recap
Support us by subscribing :
Eli5DeFi X | Telegram | Farcaster | Newsletter (Relaunch Soon)
————
⭐️HIGHLIGHTS ⭐️
> Avalanche Foundation - Repurchases AVAX Tokens from Terra's Bankruptcy Estate
> Monochrome - Launch ‘World First’ Ethereum ETF on Cboe Australia
> eOracle - Introduces Merit-Drop: A New Paradigm for Incentivized Ownership and Governance Distribution
> Ethena - Initiated Proposal to Add SOL as a Backing Asset for USDe
> Brad Garlinghouse - Accuses SEC of Overstepping Bounds Over XRP Ruling
————
⭐️ELI5 THREAD ⭐️
> Eli5DeFi - Weekly Post Highlights
> Eli5DeFi - Weekly Project Spotlights
————
⭐️ NEWS ⭐️
> PEPE Holder - Lost $1.39 Million in Cryptocurrency (PEPE, MSTR, and APU) Due to a "Permit2" Phishing Signature on October 13, 2024
> AmbCrypto - Crypto Market’s Weekly Winners and Losers
> Bitcoin - Futures Open Interest: A Deep Dive into Market Sentiment and Trading Activity
> SpaceX - SpaceX's Mechazilla Catches Super Heavy Booster: An Epic Moment
> Valour - Launches Sui (SUI) ETP on Spotlight Stock Market
> DeepBook - Announces DEEP Token Launch - Claim Details Inside
> EdenWeb3 - Successful Pitch at bEras Tour in HCMC: Featuring the Role of Eden Healers
> Puff - Ultimate Trilemma (October 15th-22nd) & $COOK Launch (October 23rd)
———
⭐️ BOOKMARKED
> Greg Osuri - Advocates for Distinct Regulation in the Decentralized Physical Infrastructure Sector
> Blackrock - Rapid Adoption of Blockchain and Digital Assets: Crypto's Promising Future
> Tyrogue - The WMAF Dynamic: A Socioeconomic and Phenotypical Analysis
> cupojoseph - GCP Fund Security Review & Oversight Proposal: A Debate on Transparency and Accountability
> lightcrypto - SUI's Meteoric Rise: Is It Justified or a Setup for Retail Investors?
> goodalexander - The Murad Paradox: Meme Coins, Cults, and the Rise of AI
> Teng Yan - Overhyped or Underrated? Exploring the Potential of AI in Cryptocurrency
> 1mpal - Off The Grid: A Web3 Game Changer?
> TBC - Unlock Viral Growth: Lessons from Verse's 10 Million User Surge
> DeeKay - DeeKay's Crypto Nightmare and Recovery
————
⭐️ FUNDING⭐️
> N/A
————
⭐️ TESTNET/ AIRDROP⭐️
> N/A
https://x.com/lightcrypto/status/1845636291460772163?t=Skpd3_MEzNxYEML_RVB38w&s=09
Читать полностью…
https://x.com/BadlyLiquidated/status/1846282055698862490?t=0N6cG3_wHWyiXA9p4tpiOg&s=09
Читать полностью…
Eli5DeFi News Recap
Support us by subscribing :
Eli5DeFi X | Telegram | Farcaster | Newsletter (Relaunch Soon)
————
⭐️HIGHLIGHTS ⭐️
> Kamala Harris - Crypto Regulatory Plan: A Focus on Black Men and Investor Protection
> SingularityDAO x Cogito Finance x SelfKey - Merge to Create Singularity Finance
> Ripple - Prepares for RLUSD Stablecoin Launch, Partners with Major Exchanges
> Bernstein - Bitcoin's Surge Tied to Trump's Election Odds
————
⭐️ELI5 THREAD ⭐️
> MortgageFi - How to Get $45M with $2000?
> Nudge - Check Your Nudge Points
> Puffer - It's Time to $PUFFER
> Plato - The First Eat2Earn
> Alkimiya - The Blockspace Magic of Alkimiya
> Nodekit - The Composable Superbuilders
————
⭐️ NEWS ⭐️
> UAE - Launches First Dirham-Backed Stablecoin: AE Coin Debuts
> Base - Surpasses Arbitrum as Largest Ethereum Rollup by TVL
> deBridge - Launches DBR Token: A Fixed-Price Liquidity Bootstrapping Event on Jupiter
> Bitcoin ETF - Inflows Surge to Multi-Month High, Fueling Optimism for New All-Time High
> Cysic x Scroll's Layer 2 - Hardware Integration Boosts Scroll's ZK Rollup Efficiency
> BONKbot - Next-Gen Security Upgrade: Non-Custodial and Blazing Fast
> FalconX - Introduces Auto-Liquidation Service to Aid Crypto Miners Amid Market Struggles
> Layer Zero x Movement - A Partnership for Seamless Interoperability
> Stanford Blockchain - A Guided Journey Through the Crypto and Web3 Landscape
> Asynchronous Program Execution (APE) - The Dawn of Faster, More Scalable Blockchains
> Drift Protocol - A Deep Dive into Market Potential
> The Kimchi Premium - Korean Crypto Awakening: Regulatory Changes and the Future of Digital Assets
> Soneium - Sony's Ethereum L2 and the Rise of ASTR
> Carly Rowena - Scammed Out of £5,700 in Crypto Fraud
> CME - Launched Bitcoin Friday Futures (BFF): High Trading Volume and Benefits for Retail Investors
———
⭐️ BOOKMARKED
> Standard Chartered - Bitcoin Could Hit $73,800 Before US Election
> Vitalik - Suggests Improvements to the Ethereum Protocol, Focusing on Speed, Accessibility, and Security
> CompoundVC - The Future of Biohacking: 2027-2029 Predictions
> Erigon - Ethereum Gas Limit: Time for an Increase? A Deep Dive into Bandwidth, Computation, and Storage Implications
> TardFiWhale - Demanding Accountability: The Double Standards of KOLs and VCs in Crypto
> Andre Cronje - Appchains: Engineering Elegance vs. Practicality
> Omkar Godbole - Bitcoin's Three-Line Break Chart Signals Potential Record Highs
> akshay - India's Thriving Crypto Ecosystem: Communities, Projects & Potential
> The Scoop Podcast - Venice Co-Founders on AI, Privacy, and the Future of Open Source
> Defi_Maestro - Upcoming DeFi & Blockchain Launches: A Roundup of Promising Projects for the Next Few Months
> OmniscientAsian - Infrastructure vs. Applications: The Current State of Crypto Investment and Initia's Approach
> Financial Times - Rethinking Wealth: What It Means to Be Super-Rich in Today's World
> Andy - The Death of the Fat Protocol Thesis? The Rise of App-Centric Crypto
> LGHT - Technocapitalism: A Hybrid Ideology in the Digital Age
————
⭐️ FUNDING⭐️
> N/A
————
⭐️ TESTNET/ AIRDROP⭐️
> N/A
https://x.com/KyleSamani/status/1846164236814184753?t=zpPqpJWofK52VGNLMrkJrw&s=09
Читать полностью…
https://x.com/ZhugeEX/status/1846001218499359011?t=G7W64Me4gQi7tCRPhIuy-w&s=09
Читать полностью…
> The Blockspace Magic of Alkimiya
https://x.com/eli5_defi/status/1846114057088389305
https://x.com/AndreCronjeTech/status/1845984442697044186?t=KOsjYUkm5SSCyOPQlMF_Xw&s=09
Читать полностью…
So WTF is $GOAT?
https://x.com/ChopTradoor/status/1845725719420375477
MegaETH: Web2 Speed, Blockchain Soul
MegaETH is a high-performance blockchain prioritizing speed and scalability over complete decentralization
> Aims for Web2 performance levels with <10ms latency and 100k TPS, addressing limitations of existing EVM chains
> Uses a heterogeneous architecture with specialized nodes (sequencers, provers, full nodes, replica nodes, light clients) for optimized task execution
> MegaETH's ecosystem, "MegaMafia," focuses on fostering app development
Source: MegaETH
> Plato - The First Eat2Earn
https://x.com/eli5_defi/status/1845971144597557569
https://x.com/felixprotocol/status/1845836198385992082?t=b0gYY3PR5O48HLsgRXOu4A&s=09
Читать полностью…
> Check Your Nudge Points:
https://x.com/eli5_defi/status/1845849573614669864?t=iVRha-t4dQxl_GObrD7h9A&s=09
> How to Get $45M with $2000?
https://x.com/eli5_defi/status/1845812240857141340
Unlocking ORE's Potential: Boosts Ignite the Solana Ecosystem
ORE is introducing "Boosts," staking multipliers expanding to new tokens and partnerships across the Solana ecosystem
> Altering ORE mining while maintaining a steady 1 ORE/min supply increase to a 21m token cap
> ISC Money has been announced as the exclusive stablecoin launch partner for the boosts
> CLI users can now mine and stake with compatible pools without needing to download custom client software
Unlock your potential—boost your stakes with ORE!
Source: ORE
Uniswap's Unichain: A $468 Million Potential Windfall?
Uniswap's new layer-2 blockchain, Unichain, is projected to generate nearly $500 million annually for Uniswap Labs and UNI token holders, primarily from fees previously paid to Ethereum, while potentially causing losses for Ethereum validators and ETH holders
> Unichain allows Uniswap Labs to capture all Maximum Extractable Value (MEV), estimated at 10% of Uniswap's total fees
> Ethereum validators and ETH holders are projected to experience losses due to reduced fees and ETH burned
Source: Uniswap's Unichain
Ethereum's Privacy Shield: The Silent Compliance VM and Institutional Adoption
The Silent Compliance VM, part of Silent Protocol’s Ghost Layer, aims to balance user privacy with compliance in the decentralized ecosystem
> Distributed Key Generation (DKG): Allows multiple participants to collaboratively create a shared public key while keeping their private keys confidential
> Verifiable Secret Sharing: Enhances data integrity by allowing participants to verify the correctness of their shares.
> Non-Interactive Zero-Knowledge Proofs: Ensures computations are correct without revealing sensitive information
Source: Silent Compliance VM
