According to analysts at Glassnode, on June 27, the Bitcoin network recorded the lowest inflation rate. In other words, the new cryptocurrency was created more slowly than ever, and this is a consequence of the disconnection of many miners from the network and a drop in the hash rate. As a result, the blocks were created longer than the norm.
Although after today's change in complexity, the situation will clearly improve.
Although after today's change in complexity, the situation will clearly improve.
➕ DeFi Summary / Week 25 2021
DeFi is recovering again, apparently decided that it was enough to be sick and went on the mend, as indicated by the key TVL numbers. The total locked value of the decentralized finance (TVL) ecosystem has grown from $ 48 billion to $ 55.71 billion.
Many people ask what is it? Correction? Or the trend for the new BullRun. We'll see.
If you pay attention to the behind-the-scenes conversations of many large analytical agencies, their reports and the actions of major players on the market, then you can trace the accumulation of assets, which means a very strong upward spurt is possible.
Among the fundamental events, the following can be noted:
▪️Founder of Synthetix Kane Warwick announced that he is running for the Spartan Council, Synthetix's decentralized governing body. This came after Warwick gave up direct influence on Synthetix a few months ago. In short, there are a number of conflicts within the community.
▪️The NFT Index Project NFTX introduced its V2 protocol and th
DeFi is recovering again, apparently decided that it was enough to be sick and went on the mend, as indicated by the key TVL numbers. The total locked value of the decentralized finance (TVL) ecosystem has grown from $ 48 billion to $ 55.71 billion.
Many people ask what is it? Correction? Or the trend for the new BullRun. We'll see.
If you pay attention to the behind-the-scenes conversations of many large analytical agencies, their reports and the actions of major players on the market, then you can trace the accumulation of assets, which means a very strong upward spurt is possible.
Among the fundamental events, the following can be noted:
▪️Founder of Synthetix Kane Warwick announced that he is running for the Spartan Council, Synthetix's decentralized governing body. This came after Warwick gave up direct influence on Synthetix a few months ago. In short, there are a number of conflicts within the community.
▪️The NFT Index Project NFTX introduced its V2 protocol and th
⌚️ Key Governance Tokens News
▪️ The Balancer community discusses how to incentivize token holders to become more active.
▪️ The Barnbridge community votes for bug bounty through ImmuneFi.
▪️ Instadapp community discusses how to fix INST airdrop problem for some users
▪️ The OlympusDAO community votes whether it is worth contributing 1,000,000 DAI to Aave.
▪️ Sushi Community Discusses Using TCR System To Verify MISO Site
⚡️ Instadapp offers a new DEX which will be built on Aave and Compound.
➕ What is Governance token?
Governance tokens give their holders the right to influence decisions, protocol, product or roadmap functions, as well as changes in governance parameters. ... Another common form of project management is token-based treasury management.
▪️ The Balancer community discusses how to incentivize token holders to become more active.
▪️ The Barnbridge community votes for bug bounty through ImmuneFi.
▪️ Instadapp community discusses how to fix INST airdrop problem for some users
▪️ The OlympusDAO community votes whether it is worth contributing 1,000,000 DAI to Aave.
▪️ Sushi Community Discusses Using TCR System To Verify MISO Site
⚡️ Instadapp offers a new DEX which will be built on Aave and Compound.
➕ What is Governance token?
Governance tokens give their holders the right to influence decisions, protocol, product or roadmap functions, as well as changes in governance parameters. ... Another common form of project management is token-based treasury management.
Business Box.
Consider diversifying your funds!
🥇The world's first platform for selling and buying real businesses with bitcoins was launched in Europe🇪🇺
-You can buy car service in Europe , hotel share, furniture manufacturing, woodworking business, plantation with medical cannabis laboratory licensed in Colombia and other types of business.
-The sale of a business comes directly from the owners and is completely legal.
-You can send an application for the sale of part or all of your business if you have legal activity and turnover.
https://www.bsbx.org/
https://businessbox.medium.com/business-box-a5d4b817d746
Consider diversifying your funds!
🥇The world's first platform for selling and buying real businesses with bitcoins was launched in Europe🇪🇺
-You can buy car service in Europe , hotel share, furniture manufacturing, woodworking business, plantation with medical cannabis laboratory licensed in Colombia and other types of business.
-The sale of a business comes directly from the owners and is completely legal.
-You can send an application for the sale of part or all of your business if you have legal activity and turnover.
https://www.bsbx.org/
https://businessbox.medium.com/business-box-a5d4b817d746
🔥 DeFi Strategy / Farm ~ XXX% APY on Polygon with Balancer V2
“We've noticed how popular Polygon is and how user-friendly it is, and our community really wants it,” Balancer Labs CEO and co-founder Fernando Martinelli said in an update on the integration.
So, Balancer has new incentive pools on Polygon, but first, you need to withdraw your assets from Ethereum through the Polygon Bridge.
⚡️ On June 28, the Balancer and Polygon communities agreed on 25,000 BAL and 375,000 MATIC as weekly rewards for Balancer's Liquidity Providers (LP) on Polygon.
How to farm?
1. Go to Balancer and select Juicy Pool. Remember that Balancer can have multiple assets, while Uniswap has 2.
2. Connect your wallet (Metamask) and click on the pool of your choice, enter the token / tokens you want to deposit and confirm the delivery transaction.
3. Once this is done, you will start earning BAL and MATIC rewards.
4. Enjoy.
The Balancer is a reliable and proven design, so your main risk is Impermanent Loss.
“We've noticed how popular Polygon is and how user-friendly it is, and our community really wants it,” Balancer Labs CEO and co-founder Fernando Martinelli said in an update on the integration.
So, Balancer has new incentive pools on Polygon, but first, you need to withdraw your assets from Ethereum through the Polygon Bridge.
⚡️ On June 28, the Balancer and Polygon communities agreed on 25,000 BAL and 375,000 MATIC as weekly rewards for Balancer's Liquidity Providers (LP) on Polygon.
How to farm?
1. Go to Balancer and select Juicy Pool. Remember that Balancer can have multiple assets, while Uniswap has 2.
2. Connect your wallet (Metamask) and click on the pool of your choice, enter the token / tokens you want to deposit and confirm the delivery transaction.
3. Once this is done, you will start earning BAL and MATIC rewards.
4. Enjoy.
The Balancer is a reliable and proven design, so your main risk is Impermanent Loss.
The DeFi community has been waiting for this moment!
⚡️July 15, 2021, marks the much-awaited launch of the ETHA Lend Mainnet on Polygon!⚡️
The protocol brings with it next-gen features such as:
✅700X faster discovery algorithm; performs asset allocation in under a second!
✅ETHA Smart Wallet – batches multiple transactions and assets in one, wallet delegation, no approval fees for new protocols or dApps!
✅eVaults – for risk-averse users, rewards in ETH, BTC, and ETHA token (protocol’s utility token)
✅Automatic asset allocation, portfolio rebalancing, elegant and Intuitive Interface
Don’t miss the launch and your first-mover advantage: July 15, 2021
In the meantime, you can win from a reward fund of 1000 ETHA tokens simply by guessing the time of the Mainnet launch.
Click 👉 HERE!
Get your ETHA token here 👇
🔹1Inch: https://app.1inch.io/#/1/swap/ETHA
🔘Website: https://www.ethalend.org/
🔘Chat: https://t.me/ethalendcommunity
🔘Medium: https://medium.com/etha
⚡️July 15, 2021, marks the much-awaited launch of the ETHA Lend Mainnet on Polygon!⚡️
The protocol brings with it next-gen features such as:
✅700X faster discovery algorithm; performs asset allocation in under a second!
✅ETHA Smart Wallet – batches multiple transactions and assets in one, wallet delegation, no approval fees for new protocols or dApps!
✅eVaults – for risk-averse users, rewards in ETH, BTC, and ETHA token (protocol’s utility token)
✅Automatic asset allocation, portfolio rebalancing, elegant and Intuitive Interface
Don’t miss the launch and your first-mover advantage: July 15, 2021
In the meantime, you can win from a reward fund of 1000 ETHA tokens simply by guessing the time of the Mainnet launch.
Click 👉 HERE!
Get your ETHA token here 👇
🔹1Inch: https://app.1inch.io/#/1/swap/ETHA
🔘Website: https://www.ethalend.org/
🔘Chat: https://t.me/ethalendcommunity
🔘Medium: https://medium.com/etha
🐕 The New Dog is Rising 🐕
🔥 SHIB presents itself as a Dogecoin killer and seems to have no problem capitalizing on the popularity of its biggest rival, Dogecoin!
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🔥 You can benefit from the rise and fall of this new cryptocurrency!
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🔥 SHIB presents itself as a Dogecoin killer and seems to have no problem capitalizing on the popularity of its biggest rival, Dogecoin!
🔥 Practise trading SHIB with your personal 50K on demo account
🔥 Registered users receive premium trading signals, every day, for free!
🔥 You can benefit from the rise and fall of this new cryptocurrency!
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Winners Network, intends to operate a browser extension that aggregates and automatically applies online coupons on eCommerce websites. When users are purchasing goods through e-commerce sites or operating within the DeFI space, users earn WN Gold Rewards which can then be swapped for $WINS or staked for high APY.
IDO launching on Binance Smart Chain (BSC) this month - be sure to join the Telegram and get whitelisted before then!
💬 Join The Telegram: t.me/WinnersNetwork
⬇️ Get Whitelisted now: winnersnetwork.io/whitelist/
🚀 What Does Winners network and $WINS Do? 🚀
The native token to the Winners Network platform is merging on-chain DeFi worlds with off-chain e-commerce worlds - rewarding everyone in the process.
🔥 Earn WN Gold rewards for making transactions through their intended browser extension
🔥 Swap WN Gold rewards for $WINS
🔥 Trade $WINS for other cryptos in swap pools
🔥 Stake $WINS in yield farms
🔥 Hold $WINS for long term benefits
Dive in via Winners Network socials to find out more and engage with the community:
#️⃣ Follow Winners Network on Twitter: https://twitter.com/WN_Gold
💬 Get The Latest IDO Updates: t.me/WinnersNetwork
🌎 Read More on The Website: winnersnetwork.io
📚 Learn more about Winners Network on Medium: https://medium.com/@winners_network
IDO launching on Binance Smart Chain (BSC) this month - be sure to join the Telegram and get whitelisted before then!
💬 Join The Telegram: t.me/WinnersNetwork
⬇️ Get Whitelisted now: winnersnetwork.io/whitelist/
🚀 What Does Winners network and $WINS Do? 🚀
The native token to the Winners Network platform is merging on-chain DeFi worlds with off-chain e-commerce worlds - rewarding everyone in the process.
🔥 Earn WN Gold rewards for making transactions through their intended browser extension
🔥 Swap WN Gold rewards for $WINS
🔥 Trade $WINS for other cryptos in swap pools
🔥 Stake $WINS in yield farms
🔥 Hold $WINS for long term benefits
Dive in via Winners Network socials to find out more and engage with the community:
#️⃣ Follow Winners Network on Twitter: https://twitter.com/WN_Gold
💬 Get The Latest IDO Updates: t.me/WinnersNetwork
🌎 Read More on The Website: winnersnetwork.io
📚 Learn more about Winners Network on Medium: https://medium.com/@winners_network
Telegram
Winners Network | Community
Winners Network's Official Telegram Community.
Get Whitelisted to Participate in the IDO
https://winnersnetwork.io/whitelist/
Telegram Announcement Channel: t.me/WinnersNetworkAnnouncement
Get Whitelisted to Participate in the IDO
https://winnersnetwork.io/whitelist/
Telegram Announcement Channel: t.me/WinnersNetworkAnnouncement
RUBIC - one-stop multichain DEFI solution!
Trade reDeFined between 5 blockchains. Rubic.exchange - all in one.
ETH BSC POLYGON XDAI TRON
Rubic is an ecosystem of useful crypto services. No matter whether you are a beginner or an experienced crypto trader, Rubic.exchange provides you with the ultimate solution.
We gladly offer:
💰Instant Trades
💰Custom Bridges
💰BNB / MATIC Tap
💰Cross-Chain Swaps
💰Cross-Chain Routing
💰Best Rates on the Market
If you are a project with low users’ turnover, we are ready to help you!
⚡️Rubic Relay Widget keeps users on a website transforming trades into one-step action: the widget suggests users the function of buying and selling tokens on the same website page, therefore users continue to work with a website longer
START TRADING WITH THE BEST EXCHANGE RATES NOW!
Trade reDeFined between 5 blockchains. Rubic.exchange - all in one.
ETH BSC POLYGON XDAI TRON
Rubic is an ecosystem of useful crypto services. No matter whether you are a beginner or an experienced crypto trader, Rubic.exchange provides you with the ultimate solution.
We gladly offer:
💰Instant Trades
💰Custom Bridges
💰BNB / MATIC Tap
💰Cross-Chain Swaps
💰Cross-Chain Routing
💰Best Rates on the Market
If you are a project with low users’ turnover, we are ready to help you!
⚡️Rubic Relay Widget keeps users on a website transforming trades into one-step action: the widget suggests users the function of buying and selling tokens on the same website page, therefore users continue to work with a website longer
START TRADING WITH THE BEST EXCHANGE RATES NOW!
SideShift.ai - Your Private, No Sign-up Crypto Exchange
- Coverage of 30+ cryptocurrencies, including BTC, ETH and multiple stablecoins 🏆
- Supports large transactions 🐳
- Swaps to/from privacy coins like XMR & ZEC enabled 🕵️♂️🚫
- Alternative bridge for DeFi chains, SOL <-> ETH <-> BSC 🌉
PASSIVE INCOME OPPORTUNITY: XAI is the native token for SideShift.ai. USERS can stake their XAI to receive a share of 25% of SideShift.ai revenues, distributed daily.
Staking stats:
- Average APY: 19%
- % of XAI locked in staking: 59.32%
Website: sideshift.ai
FAQ: help.sideshift.ai
Telegram: t.me/sideshift
Twitter: @sideshiftai
- Coverage of 30+ cryptocurrencies, including BTC, ETH and multiple stablecoins 🏆
- Supports large transactions 🐳
- Swaps to/from privacy coins like XMR & ZEC enabled 🕵️♂️🚫
- Alternative bridge for DeFi chains, SOL <-> ETH <-> BSC 🌉
PASSIVE INCOME OPPORTUNITY: XAI is the native token for SideShift.ai. USERS can stake their XAI to receive a share of 25% of SideShift.ai revenues, distributed daily.
Staking stats:
- Average APY: 19%
- % of XAI locked in staking: 59.32%
Website: sideshift.ai
FAQ: help.sideshift.ai
Telegram: t.me/sideshift
Twitter: @sideshiftai
➕ DeFi Summary / Week 28 2021
The DeFi economy is still in a fever. Down and up! DeFi's Total Locked Value (TVL) is $ 54.65 billion, significantly lower than last week. Are we in a Bearish cycle? Crypto winter?
So when is the next breakout and where will it go, up or down? We'll all find out soon enough. It is important to note that if in the near future the markets start to grow again, the surge in the development of Layer-2 scaling will play a colossal role. This means that L2 solutions tokens / quasi-assets can grow very well in price. Do you understand what I mean?
➕ Among the fundamental events that form the basis for the market jump up, the following can be noted:
🔥 Uniswap has officially launched its Uniswap V3 alpha on OΞ - the most iconic DEX. Ethereum is now open to alpha use in one of Ethereum's most promising scaling solutions, Optimism. A new era of DeFi has begun ... an era where everyone can access the best DeFi infrastructure at an affordable price.
▪️Archs important Ethereum scaling solution zkRollup from zkSync now supports ERC20 swaps and limit orders - zkSync.
The new project update 1.x introduced ERC20 exchange capabilities and permissionless token lists.
Finally, let's take a look at the top performing DeFi tokens of the last week REP (+ 37%), OHM (+ 54%) and CREAM (+ 4%).
The DeFi economy is still in a fever. Down and up! DeFi's Total Locked Value (TVL) is $ 54.65 billion, significantly lower than last week. Are we in a Bearish cycle? Crypto winter?
So when is the next breakout and where will it go, up or down? We'll all find out soon enough. It is important to note that if in the near future the markets start to grow again, the surge in the development of Layer-2 scaling will play a colossal role. This means that L2 solutions tokens / quasi-assets can grow very well in price. Do you understand what I mean?
➕ Among the fundamental events that form the basis for the market jump up, the following can be noted:
🔥 Uniswap has officially launched its Uniswap V3 alpha on OΞ - the most iconic DEX. Ethereum is now open to alpha use in one of Ethereum's most promising scaling solutions, Optimism. A new era of DeFi has begun ... an era where everyone can access the best DeFi infrastructure at an affordable price.
▪️Archs important Ethereum scaling solution zkRollup from zkSync now supports ERC20 swaps and limit orders - zkSync.
The new project update 1.x introduced ERC20 exchange capabilities and permissionless token lists.
Finally, let's take a look at the top performing DeFi tokens of the last week REP (+ 37%), OHM (+ 54%) and CREAM (+ 4%).
⌚️ Key Governance Tokens News
▪️ Aave is considering including $ AXS as a supported collateral type.
▪️ Compound is considering adding the AAVE, MKR, SUSHI and YFI markets.
▪️ Maker is considering lowering stability fees for Maker vaults.
▪️ OlympusDAO deploys 1 million DAI from its Treasury to Aave under OIP-13.
▪️ Bancor is considering adding liquidity mining rewards to their COMP-BNT pool.
▪️ Uniswap is considering creating a new liquidity extraction program to stimulate the transition to Uniswap V3.
➕ What is Governance token?
Governance tokens give their holders the right to influence decisions, protocol, product or roadmap functions, as well as changes in governance parameters. ... Another common form of project management is token-based treasury management.
▪️ Aave is considering including $ AXS as a supported collateral type.
▪️ Compound is considering adding the AAVE, MKR, SUSHI and YFI markets.
▪️ Maker is considering lowering stability fees for Maker vaults.
▪️ OlympusDAO deploys 1 million DAI from its Treasury to Aave under OIP-13.
▪️ Bancor is considering adding liquidity mining rewards to their COMP-BNT pool.
▪️ Uniswap is considering creating a new liquidity extraction program to stimulate the transition to Uniswap V3.
➕ What is Governance token?
Governance tokens give their holders the right to influence decisions, protocol, product or roadmap functions, as well as changes in governance parameters. ... Another common form of project management is token-based treasury management.
🔥ICP is changing the game 🔥
Internet Computer became a “buy the dip” coin for a large percentage of traders last days. Currently there are a lot of signals for a real rebound for the ICP token. Check why you have to try to trade ICP or any other crypto at StormGain all-in-one platform:
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Internet Computer became a “buy the dip” coin for a large percentage of traders last days. Currently there are a lot of signals for a real rebound for the ICP token. Check why you have to try to trade ICP or any other crypto at StormGain all-in-one platform:
🔥Practise trading with your personal 50K on demo account!
🔥Registered users receive premium trading signals, every day, for free!
🔥0% commission by default!
🔥Mine crypto right from you phone or laptop, absolutely risk free!
🔥Leverage trades up to 300X!
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🦍PureApe🦍
PureApe, aiming to conquer the BSC and make the DeFi sector pure🙏
#PureApeTools $PAPE
💸BNB REWARDS AND DEFLATIONARY REFLECTION🚀
At PureApe, our top priority is creating a project where u can participate in making the DeFi sector a better place 🦍
PRESALE DATE: 27th of July 🎉✔️
🐵ApeNomics
10% total transaction tax
🍌4% Auto liquidity
🍌4% Redistribution in BNB
🍌2% $PAPE redistribution
Total supply: 1,000,000,000,000
🧾Presale allocation: 45%
📈Pancakeswap allocation: 32%
🔥Burn: 20%
🤝Team wallet: 1.5%
📺Marketing wallet: 1.5%
🐵Presale will be launched via DxSale and the liquidity will be locked🔒
🐵Ownership renouncing
🐵Anti-whale features
Links 🦍
🐵Website: PureApe.io
💬Telegram: https://t.me/OfficialPureApe
🐤Twitter: https://Twitter.com/pureapeio
📸Instagram: https://Instagram.com/pureapeio
📄Whitepaper: http://www.pureape.io/assets/images/ape-whitepaper.pdf
PureApe, aiming to conquer the BSC and make the DeFi sector pure🙏
#PureApeTools $PAPE
💸BNB REWARDS AND DEFLATIONARY REFLECTION🚀
At PureApe, our top priority is creating a project where u can participate in making the DeFi sector a better place 🦍
PRESALE DATE: 27th of July 🎉✔️
🐵ApeNomics
10% total transaction tax
🍌4% Auto liquidity
🍌4% Redistribution in BNB
🍌2% $PAPE redistribution
Total supply: 1,000,000,000,000
🧾Presale allocation: 45%
📈Pancakeswap allocation: 32%
🔥Burn: 20%
🤝Team wallet: 1.5%
📺Marketing wallet: 1.5%
🐵Presale will be launched via DxSale and the liquidity will be locked🔒
🐵Ownership renouncing
🐵Anti-whale features
Links 🦍
🐵Website: PureApe.io
💬Telegram: https://t.me/OfficialPureApe
🐤Twitter: https://Twitter.com/pureapeio
📸Instagram: https://Instagram.com/pureapeio
📄Whitepaper: http://www.pureape.io/assets/images/ape-whitepaper.pdf
🌶 Key DeFi Events You Should Know About:
⚡️Jack Dorsey: “Square is creating a new business (joining Seller, Cash App and Tidal) focused on creating an open platform for developers with the goal of making it easier to create non-custody decentralized financial services without permissions. The main focus is bitcoin. "
⚡️S&P Dow Jones Indices (S&P DJI), a leading global index provider, has announced the launch of its cryptocurrency indices, including the new S&P Cryptocurrency Broad Digital Market (BDM) Index. BDM provides a complete picture of the performance of the cryptocurrency market and includes over 240 coins at launch.
⚡️The Board of Governors of the European Central Bank (ECB) has decided to start the investigation phase of the digital euro project. The investigation phase will last 24 months and will focus on key design and distribution issues.
⚡️Binance has completed its 16th quarterly BNB token burn of 1,296,728 BNB (roughly $ 393,673,653 equivalent).
⚡️Bank of America has begun clearing bitcoin futures.
▪️ Janet Yellen will bring together regulators on issues related to stablecoins. Treasury Secretary Biden will convene a meeting of the President's Financial Markets Working Group next week.
⚡️Dolce & Gabbana has partnered with digital marketplace UNXD to launch a collection of NFT wearables called “Collezione Genesi” (Genesis collection). The Genesis collection will be on display at the upcoming D&G Alta Moda, Alta Sartoria and Alta Gioielleria shows in Venice from 28 to 30 August.
⚡️Jack Dorsey: “Square is creating a new business (joining Seller, Cash App and Tidal) focused on creating an open platform for developers with the goal of making it easier to create non-custody decentralized financial services without permissions. The main focus is bitcoin. "
⚡️S&P Dow Jones Indices (S&P DJI), a leading global index provider, has announced the launch of its cryptocurrency indices, including the new S&P Cryptocurrency Broad Digital Market (BDM) Index. BDM provides a complete picture of the performance of the cryptocurrency market and includes over 240 coins at launch.
⚡️The Board of Governors of the European Central Bank (ECB) has decided to start the investigation phase of the digital euro project. The investigation phase will last 24 months and will focus on key design and distribution issues.
⚡️Binance has completed its 16th quarterly BNB token burn of 1,296,728 BNB (roughly $ 393,673,653 equivalent).
⚡️Bank of America has begun clearing bitcoin futures.
▪️ Janet Yellen will bring together regulators on issues related to stablecoins. Treasury Secretary Biden will convene a meeting of the President's Financial Markets Working Group next week.
⚡️Dolce & Gabbana has partnered with digital marketplace UNXD to launch a collection of NFT wearables called “Collezione Genesi” (Genesis collection). The Genesis collection will be on display at the upcoming D&G Alta Moda, Alta Sartoria and Alta Gioielleria shows in Venice from 28 to 30 August.
➕ DeFi Summary / Week 28 2021
Well friends, will today's growth be the beginning of a bullish trend? We will see. If you look at July 2021, you can see how for most of the month DeFi was in a sideways and downtrend, as of Monday 26/07, it markedly increased in an uptrend. This new upswing has raised the total trapped value (TVL) in the ecosystem to ~ $ 64,000,000,000.
However, the fact that there has been a surge in activity in the cryptocurrency markets and the leading DeFi applications lately does not mean that everything is cloudless.
Indeed, this week, Gary Gensler, the current chairman of the US Securities and Exchange Commission (SEC), just drew attention to all of DeFi's synthetic asset projects.
➕ The bottom line is that decentralized apps like Synthetix offer users synthetic access to US securities like sAAPL (Synthetic Apple Stock). In his recent comments, Chairman Gensler specifically noted that DeFi projects that offer these types of synthetic assets "are subject to securities laws and must operate under our securities regime."
Conclusion? The SEC Maestro suggests it is time to regulate DeFi. So, lest you think, the affected projects pretty much have only three development options:
▪️ Comply with US federal safety laws. Urgently.
▪️ Complete decentralization and disregard for these laws stimulates enforcement actions towards decentralized applications.
▪️ Pray that the SEC will not take care of you.
And since the Securities and Exchange Commission is one of the most influential financial regulators in the world, projects should be more forward-thinking.
Well friends, will today's growth be the beginning of a bullish trend? We will see. If you look at July 2021, you can see how for most of the month DeFi was in a sideways and downtrend, as of Monday 26/07, it markedly increased in an uptrend. This new upswing has raised the total trapped value (TVL) in the ecosystem to ~ $ 64,000,000,000.
However, the fact that there has been a surge in activity in the cryptocurrency markets and the leading DeFi applications lately does not mean that everything is cloudless.
Indeed, this week, Gary Gensler, the current chairman of the US Securities and Exchange Commission (SEC), just drew attention to all of DeFi's synthetic asset projects.
➕ The bottom line is that decentralized apps like Synthetix offer users synthetic access to US securities like sAAPL (Synthetic Apple Stock). In his recent comments, Chairman Gensler specifically noted that DeFi projects that offer these types of synthetic assets "are subject to securities laws and must operate under our securities regime."
Conclusion? The SEC Maestro suggests it is time to regulate DeFi. So, lest you think, the affected projects pretty much have only three development options:
▪️ Comply with US federal safety laws. Urgently.
▪️ Complete decentralization and disregard for these laws stimulates enforcement actions towards decentralized applications.
▪️ Pray that the SEC will not take care of you.
And since the Securities and Exchange Commission is one of the most influential financial regulators in the world, projects should be more forward-thinking.
🌶 Key DeFi Events You Should Know About:
⚡️ Sushi is introducing Trident, its upcoming next generation AMM, which will support new pool types such as persistent product pools, concentrated liquidity pools and more.
🍯 MakerDAO, the organization behind the Maker Lending Protocol, is now fully decentralized.
🗺 Mastercard teams up with USDC issuer Circle in a crypto-to-fiat pilot project.
💱 The dYdX decentralized derivatives exchange issues the COMP-USD perpetual contract.
▪️The Optimism layer-two (L2) team is committed to distributing their preliminary and temporary profits to “public project funding experiments” in the Ethereum ecosystem.
🛰 Reddit Chose Arbitrum to Scale Their Community Points Token System
▪️ ESD, introduced its v2 system tokens, digital standard units (DSU) and empty share sets (ESS).
⚡️ Sushi is introducing Trident, its upcoming next generation AMM, which will support new pool types such as persistent product pools, concentrated liquidity pools and more.
🍯 MakerDAO, the organization behind the Maker Lending Protocol, is now fully decentralized.
🗺 Mastercard teams up with USDC issuer Circle in a crypto-to-fiat pilot project.
💱 The dYdX decentralized derivatives exchange issues the COMP-USD perpetual contract.
▪️The Optimism layer-two (L2) team is committed to distributing their preliminary and temporary profits to “public project funding experiments” in the Ethereum ecosystem.
🛰 Reddit Chose Arbitrum to Scale Their Community Points Token System
▪️ ESD, introduced its v2 system tokens, digital standard units (DSU) and empty share sets (ESS).