PolygonInsights – WEEK31

Hola readers! It’s finally here! Coca-Cola launched first-of-a-kind, generative, and sharable collectibles on Polygon, We have teamed up with Techstars for a web3-specific accelerator program, and Epic league, a web3 games development studio, has announced its global strategic partnership with Polygon.  Let’s dive in.  Key takeaways:  Weekly NFT mints have been escalating for a month … Read more

The State of Enzyme’s Tokenomics

Avantgarde Finance 🦏 Aug 10 · 8 min read TLDR MLN token is a utility token that accrues value by charging protocol fees; token inflation is used to fund protocol maintenance & development. Fees began for the first time with the launch of Enzyme v4 in March 2022. All v4 vaults now pay a 25 … Read more

Ethereum [ETH] notes unprecedented hike, thanks to its…

The trading session on 8 August was an interesting one for ETH HODLers as the price of the leading altcoin jumped above $1,800 for the first time in two months, data from Santiment revealed. In the last 30 days, the ETH network has seen over 546,000 active addresses trading the coin daily. Santiment showed this … Read more

Reddit is forging ahead with blockchain adoption push with FTX partnership

As part of its years-long push towards using blockchain to empower its communities, Reddit has partnered with crypto exchange FTX, according to an Aug. 9 press release. The partnership will enable Reddit users to use FTX Pay to pay for gas fees of Community Points transactions. In 2020, Reddit launched blockchain-based Community Points tokens to … Read more

Circle to ‘fully and solely support Ethereum PoS’

USD Coin (USDC) issuer Circle has revealed that it would fully support the Ethereum (ETH) proof-of-stake (PoS) chain post-merge. According to an Aug. 9 blog post, the stablecoin issuer was looking forward to “the future scaling opportunities (the Merge) unlocks as well as the reduced energy consumption profile of the network.” While we don’t speculate … Read more

It’s time for a new dawn, Nova is open to the public!

Offchain Labs Aug 9 · 5 min read Tl;dr — Nova is now open to the public! Reddit is launching their community points system on Nova. Bridge to Nova here! Learn more about Nova! Get started Building on Nova here! Arbinauts assemble! The gates of Arbitrum Nova are now open! Yes, you read that correctly … Read more

In the Loop

Where we’ve been, and where we’re heading Loopring’s mission has always been to empower the individual. Whether by delivering non-custodial consumer facing products that could do no evil, or building the underlying infrastructure and protocols that make such products possible. ‘Be your own bank’ is more than a meme for us. We’ve built the tools … Read more

Polygon Bridge for Gnosis Safe Has Arrived

The viability of multisig technology depends on two things: cost and security. Maintaining a Gnosis wallet on Ethereum is safe but expensive. Every transaction requires a gas fee. This may not be a problem for everyday crypto users, but for those who manage large treasuries or community owned assets with large transaction volumes, being able … Read more

MakerDAO identifies risks of an Ethereum hard fork

DeFi protocol MakerDAO (MKR) has identified seven risks its protocol faces if Ethereum (ETH) is forked. Futures backwardation and negative funding According to the protocol, the first risk it faces is future backwardation and negative funding. In this case, while spot ETH will get forked PoW tokens, those exposed to ETH perpetual contracts and quarterly … Read more

Research: Ethereum’s rally fueled by speculation on the upcoming Merge

Ethereum has seen its price rise by 40% in the past month while the rest of the market has been licking its wounds from the June price crash. Despite its sheer size and network effect, Ethereum’s price has historically had a tough time decoupling from Bitcoin and has always followed Bitcoin’s rallies and drops. However, … Read more