The mining game has changed- QUBIC is now the most profitable coin to mine, earning over $3/day per CPU. This isnโt hype. Itโs a shift in value creation through Useful Proof of Work (uPoW). Mining now fuels a productive, deflationary economy.
๐ฃ Exciting news! ๐ Join the #SwapAndWin campaign by @solflare_wallet for a chance to win amazing prizes! Complete daily swaps from July 3 to July 17. ๐ ๐ Learn how to participate and maximize your rewards ๐! ๐ ๐ธ
๐งต 1/12 ๐ @CertiK, a leader in blockchain security, is integral to safeguarding the Web3 world. They specialize in identifying and mitigating security risks, auditing smart contracts, and providing comprehensive security solutions. ๐ก๏ธ Let's explore their 2023 Hack3d Report
Scallop: A Deep Dive into a DeFi Innovator on the Sui Network
Segment 1: Overview
Segment 2: Features
Segment 3: Lending/Borrowing Incentives
Segment 4: Maximizing Yield with Scallop Borrowing Incentive
Segment 5: Scallop Community, $SCA, Sui saclloper role
Segment 6: conclusion
๐ Partner in Focus: Dopex
Join us as we dive into @dopex_io's groundbreaking decentralized options exchange and discover how our collaboration enhances options trading and ensures accurate price data for $rDPX.
โฐ Wed, Nov 8th, 3PM UTC
Set a reminder: https://t.co/Ldl00z34jt
Join us in one of the most beautiful spots in Istanbul with teams from @0xPolygonLabs, @PhalaNetwork & @idOS_network.
We've lined up intriguing panels with top-notch speakers from the leading companies in #Web3. Panel details will be shared soon.
๐๏ธRSVP: https://t.co/V7qfAQUsOd
๐ Introducing new borrowing rates for $DUSD:
โข 5.25% across all LST collaterals
โข 5.75% for $sfrxETH
It is crucial to understand this update as it directly impacts your yields, maximizing the value of your investments. ๐
Learn more below ๐
1๏ธโฃ The Problem with DeFi
Historically, DeFi's appeal has been its low borrowing costs.
However, this has led to challenges, such as limited stablecoin yield potential.
In contrast, traditional finance (TradFi) has experienced increasing interest rates, while DeFi rates have remained close to 0%.
This has made DeFi less appealing compared to the 5% risk-free rate in TradFi, like US Treasury bills.
Not to mention, this disparity threatens DeFi's attractiveness and its potential to retain capital. ๐
2๏ธโฃ Our Solution
Recognizing these challenges, our team at @Davos_Protocol has taken the bold step of realigning our borrowing rates, drawing inspiration from TradFi's proven strategies.
With this update, our borrowing fees are now realigned with the higher end between that of the CPI and Central Banks' rates. ๐ฆ
3๏ธโฃ Benefits for Our Users?
โข Compounded yields and retained staking rewards through the use of LSTs as collateral, ensuring competitive yields. โก๏ธ
โข Redistributed borrowing rates that serve as incentives for LP voters on DEXs, highlighting genuine value.
4๏ธโฃ Towards a Unified Financial Future
Itโs safe to say that there is a dire need for convergence between TradFi and DeFi. ๐
This convergence ensures the returns in DeFi at least outperform the risk-free rate in TradFi, considering the risks associated with DeFi.
And thatโs what we aim to achieve with our recalibrated borrowing rates.
By addressing lending rate disparities and offering such solutions, we are paving the way for a brighter, more inclusive financial future.
Are you ready to experience the next-gen of finance today? ๐
https://t.co/zBZCvyOv09