Dual Governance: Now On Mainnet
Dual Governance is now part of the standard governance process at Lido DAO, giving stakers an explicit voice and the right to safely exit in the face of contentious proposals.
Welcome to a new era of governance.
https://t.co/1mWWZav5dn
Let's have a look at $AIXBT on @nansen_ai analytics
Holder distribution looks healthy over the past 7 days:
- Top 100 addresses increased holdings by 1.57%
- Smart Money increased by 9.36%
- Whales increased by 15.66%
Introducing Nansen Points: Season 01
Our new loyalty program that rewards you for being part of the Nansen ecosystem.
Stack points, unlock rewards. Your journey starts here 👇
For reference, this would make Aave the 57th largest bank in the US. We are very quickly approaching a world where DeFi is going to rival the largest financial institutions in the world.
Aave is the first lending protocol to achieve $50B net deposits. This is a big milestone for DeFi.
Onwards to trillions as TradFi and FinTechs are moving in by using Aave as lending infrastructure.
Earlier this week, @The3D_ introduced @Aave V4 to Aave DAO service providers. A public devnet is expected in the coming weeks to kickstart early integrations.
Proof of TVL is the trust layer of BTCFi.
Double counting TVL is so 2021 Solana Defi.
We are excited to work with @nubit_org to boost trust in BTCFi.
Traditionally, BTCFi projects have faced challenges in accurately reporting their TVL due to Bitcoin’s UTXO (Unspent Transaction Output) model, which can obscure the true amount of assets under management and allow for potential manipulation or inflation of TVL figures.
Proof of TVL leverages zero knowledge proofs to provide verifiable and tamper-proof validation of the actual assets locked within DeFi protocols without revealing sensitive transactional data.
Benefits?
Enhances Trust and Credibility
Ensures TVL figures are accurate and verifiable, building investor confidence.
Increases Security
Prevents TVL inflation and false asset reporting, protecting the ecosystem from malicious activities.
Attracts More Assets and Users
Improved transparency makes BTCFi projects more appealing, leading to increased asset inflows and user participation.
Facilitates Regulatory Compliance
Provides clear and verifiable TVL metrics that help BTCFi projects meet emerging regulatory standards.
Promotes Market Stability and Growth
Reliable TVL data prevents misleading valuations, fostering sustainable market growth.
Encourages Innovation and Standardization
Sets new transparency standards, motivating the development of more secure and trustworthy financial products.
Thanks @FrederickMunawa for the deep dive.
More transparency, more trust.
NEBRA is the World's Super Aggregator🌍
UPA is now on World Chain scaling Anonymous Proof of Human at @worldcoin
<1/100¢ per proof, for 10+million users, 160+ countries.
🌟 This Week on Taiko 🌟
The Based Rollup Summit took center stage in Cannes, bringing together Ethereum’s brightest minds. New partnerships, campaigns, and Trailblazers developments keep rolling in. Here’s everything you might’ve missed:
1/🧵
Today was the Based Rollup Summit day!
We brought together the brightest minds in the Ethereum ecosystem to discuss industry-shaping ideas. Full panels will be uploaded soon. But first, let’s take a look at some highlights from the day. 🥁
🧵
.now sold for $11,359
8 mo old hand reg
Listed as Atom Premium for 4.5 mos
Grateful to @atomHQ & @darpanmunjal for recognizing .now's potential - one of just 15 TLDs (out of 1,500+) accepted for Premium curation on Atom.
.now's momentum is real.
#atom #domainsold #dotnow #amazonregistry
Taiko x Nethermind: Building to Empower the Based Rollup Ecosystem
We’re excited to announce our strategic partnership with @nethermind to build infrastructure that elevates the entire based rollup ecosystem without compromise.
GMX introduces Single-Token Pools, starting with yield-earning BTC and ETH liquidity pools on @Arbitrum!
Earn on your BTC & ETH: https://t.co/ucu3M6HD8g
These new markets allow liquidity providers to earn fees from supporting trading while maintaining their full crypto exposure. They simultaneously provide integrations with a composable, highly correlated yield-generating product.
This introduction of 100% BTC and ETH pools will help draw in additional liquidity to further scale capacity for GMX’s markets. The new pools have the potential to unlock a significant portion of the over 35 Billion TVL spread across lending markets.
The launch of Single-Token Pools follows the successful bootstrapping of 15 isolated GM markets based on the GMX V2 Dual-Token standard (ex: BTC/USDC).
These fully backed and synthetic V2 markets have prospered, growing to USD 300M in Total Value Locked (TVL). Their resilience has created a strong foundation, from which to now bring these single-token-backed markets to support the further scaling of GMX.
Assuming these new single-token pools for ETH and BTC perform well, it opens up the interesting possibility of other single-token pools — including stablecoin, yielding stablecoin, LSTs, GMX tokens, and other volatile assets — backing markets on GMX v2.