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Stablecoin RAI lanceert, een puur, gedecentraliseerd alternatief voor DeFi

Posted on 3. März 2021 in Bitcoin

De RAI stablecoin zal proberen stabiliteit te brengen in DeFi-markten met het langetermijndoel om een ​​stabiele wereldwijde reserve te worden die niet gebonden is aan de valuta van een land.

Nieuwe door Ethereum gesteunde stablecoin RAI hoopt de redder te zijn van de DeFi-sector door een echt gedecentraliseerd stablecoin-alternatief te bieden

Ontwikkeld door blockchain-startup Reflexer Labs , is RAI niet gekoppeld aan een fiatvaluta en wordt het monetaire beleid beheerd door een on-chain, autonome controller. Het is een afsplitsing van Maker’s DAI. RAI-medeoprichter Ameen Soleimani legde uit:

„RAI is een actief dat alleen wordt ondersteund door ETH, beheerst tot een minimum is beperkt en geprogrammeerd om zijn eigen prijsstabiliteit te handhaven zonder te hoeven koppelen aan een externe prijsreferentie zoals de USD.“

Soleimani gelooft dat RAI, dat hij ‚A Money God‘ noemde, een veel groter potentieel heeft dan alleen het verbeteren van de DeFi-sector, en voegt eraan toe:

“Onze ambities voor RAI zijn echter dieper – als RAI zijn doel binnen DeFi vervult en wereldwijde acceptatie begint te verdienen, zou het een haalbare oplossing kunnen blijken te zijn voor het Triffin Dilemma, en een geloofwaardige neutraliteit brengen in het bestuur van een stabiele wereldwijde reserve activa. “

Het Triffin-dilemma bestaat uit potentieel tegenstrijdige prikkels die ontstaan ​​wanneer een actief, zoals de USD, zowel als nationale valuta als voor internationale reserves dient.

Vandaag aangekondigd , is het actief gelanceerd op de Ethereum-blockchain en is het beschikbaar via Uniswap v2, met liquiditeitsminingpools die in de komende weken zullen worden aangekondigd. Voorafgaand aan een sterke liquiditeitspool gaf het team toe dat „de controller zwakker zal zijn dan normaal.“

Hoewel het stabiel is, is het niet gekoppeld aan de waarde van USD en in eerste instantie wordt de aflossingsprijs van RAI vastgesteld op $ 3,14. Een directe use-case in gedecentraliseerde financiën, of DeFi, voorspelt het team dat het een methode zal zijn om liquidatie door sterke prijsschommelingen voor Ethereum en andere cryptocurrencies te voorkomen.

Waarin verschilt RAI?

Stablecoins zoals Tether (USDT) zijn gecentraliseerd en gekoppeld aan Amerikaanse dollars, terwijl zelfs Maker’s DAI gecentraliseerde stablecoin USDC als onderpand accepteert. Dit maakt echte decentralisatie financiële acolieten betrokken, aangezien gecentraliseerde munten kunnen worden gecensureerd. RAI gebruikt alleen ETH als onderpand.

Het vermogen van RAI om ondanks schommelingen in de waarde van de ETH-steun een stabiele prijs te handhaven, draait om de PID-controller – een controlelusmechanisme dat lijkt op de cruise control van een auto.

Het actief heeft twee prijzen, een aflossingsprijs en een marktprijs. Wanneer de marktprijs afwijkt van de aflossingsprijs, wordt een rentetarief ingesteld voor degenen die Ethereum hebben ingezet om zich tegen de prijsbeweging te verzetten, waardoor gebruikers worden gestimuleerd om RAI terug te brengen naar de richtprijs.

Soleimani, die ook de CEO is van de cryptocam-site SpankChain, legde uit : “Het werkt als een soort lente: hoe verder de marktprijs van RAI afwijkt van de richtprijs, hoe krachtiger de rente en hoe groter de prikkel. om RAI weer in evenwicht te brengen. “

Soleimani voegde eraan toe dat de aflossingsprijs, ook wel de initiële richtprijs genoemd, er niet echt toe doet, want „RAI geeft alleen om relatieve stabiliteit.“

Tijdens de testfase die gedurende 2020 werd uitgevoerd, waarbij Proto RAI-tokens werden gebruikt, slaagde de prijs van het activum erin om een volatiliteitsniveau van 4% of lager te handhaven met een gemiddelde prijs van ongeveer $ 2. In dezelfde periode groeide de prijs van Ether met meer dan 250%.

This Bitcoin and Cryptocurrency Giant Chose NASDAQ – How Coinbase Will Go Public

Posted on 4. Februar 2021 in Bitcoin

A market entry that is becoming clearer – The terms of the IPO of the giant Coinbase are finally starting to take shape. It appears the platform has turned to NASDAQ for its multibillion-dollar IPO.

Coinbase soon to be listed on the stock exchange

Following its filing for an IPO with the SEC (Securities and Exchange Commission) , new information has revealed that Coinbase has chosen the NASDAQ market for its entry into the stock markets.

While waiting for its IPO, the secondary market offered by NASDAQ to companies before their IPO allows The News Spy shareholders to sell their shares .

“The controlled liquidity programs are intended for companies, upstream of the IPO, which seek to raise secondary capital for shareholders and investors. „

According to the same sources, the shares available on the NASDAQ private markets have reached 200 dollars . Knowing that the stock has 254 million shares, this represents a valuation of $ 50 billion for Coinbase.

For their part, the “pre-IPO” contracts offered by the FTX exchange platform see the shares trading at 277 dollars .

Evolution of the pre-IPO share price (pink) and valuation (in blue) of Coinbase – Source: The Block
Will Coinbase manage to maintain its price at this level at the time of the IPO ? The future will tell. In the meantime, the Bitcoin giant is advancing its pawns.

Bitcoiners use mining equipment as heaters when temperatures drop

Posted on 21. Januar 2021 in Bitcoin

Bitcoiners have been using the excess heat produced by their mining rigs to keep warm this season.

The bitcoiners mining crypto coins at home this winter have been avoiding sub-zero temperatures by putting their rigs to good use as heaters.

Mitsubishi and Tokyo Tech create a blockchain system for peer-to-peer energy trading

According to the Wall Street Journal, crypto miners in France and the United States report that their overall heating costs have dropped, even if the temperature in their homes is often far above their preference.

Thomas Smith, a photographer living in California, has been using mining rigs to heat his home since at least 2019. He has also been exploring some novel uses, including using his equipment to heat his two chickens in an outdoor henhouse and to grow tomatoes in his greenhouse when temperatures began to drop at night.

Coinbase invests in US-based mining company amid industry diversification efforts

This is not the first time the idea has been implemented, with reports in 2018 that the co-founder of the Czech cryptomint exchange, NakamotoX, had been growing „cryptomates“ in a five-acre greenhouse using the excess heat from cryptomint mining.

„My greenhouse is 24 cubic feet, so putting all the heat from the cryptomining computer would increase its temperature by about 40 degrees,“ Smith said at WSJ. „Even in the middle of winter, with a nighttime temperature of 45 degrees, that would still push my tomatoes to their 85-degree limit. On warmer nights, you risk roasting them on their stems.

He added:

„I have experimented with heating my house using the waste heat from small-scale cryptomining, with great success“

The new „fear of the market“ index allows traders to bet on the volatility of crypto currencies

Prior to the pandemic, when many were allowed to live on U.S. college campuses, students reported mining with „free electric power provided by schools, which helped them cover their career expenses. One dormitory resident advisor said at the time that instead of using a heater in the winter, he simply mined cryptosystems.

But before you rush out to buy cryptomining equipment to save on heating bills, remember that it is very difficult to take advantage of mining many cryptomonds at home, as the cost of electricity often makes using personal computers to generate blocks financially prohibitive, especially for ultra-competitive currencies like BTC.

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The top 6 Bitcoin price predictions for the coming year 2021

Posted on 31. Dezember 2020 in Bitcoin

That the Bitcoin price will reach $ 100,000 – $ 200,000 in the next 12 months is a fairly common, if not „conservative“ prediction. But if these are already being labeled as conservative, which price targets are more realistic?

While one is undoubtedly “in for the technology,” the most popular and hotly debated topic remains the price of Bitcoin (BTC) and speculation about its future value.

Bitcoin price is currently in a bull market cycle, up over 200% since the beginning of the year and outperforming pretty much everything else in 2020, with the exception of a few stocks like Tesla. But this rally seems to be different from the one from the end of 2017. On the one hand, the all-time high has definitely been broken and, on the other hand, it is primarily institutional traders who are accumulating, while the public is still largely sitting on the sidelines and watching.

A flood of money and credit plays into the hands of BTC

Six-digit price forecasts for Bitcoin are becoming increasingly common in this bull cycle, with central banks‘ accelerated monetary expansion being the main driver for such assumptions.

In fact, billionaires and long-established investors like Ray Dalio are starting to warm to the idea of ​​Bitcoin alongside gold. BTC is increasingly perceived as an opportunity to diversify against what Ray Dalio calls, for example, „the depreciation of money“. On Reddit , the economist warned readers there with the following words:

“We are in a deluge of money and credit that is raising most asset prices and distributing wealth in a way that the system we believe is normal cannot and is a threat to the value of our money and credit.

Why does that play into the hands of the valuation of BTC? Quite simply, because apart from the fact that Bitcoin was conceived as a deflationary monetary good in the future, the Bitcoin price is mainly measured in dollars. Ray Dalio puts it like this:

Most likely, this tide will not recede, so these assets [like Bitcoin] will not go down when measured in the decreasing value of money. It is important to be well diversified, both in terms of currencies and countries, as well as asset classes.

Will Bitcoin Price Reach $ 100,000- $ 200,000?

Mark Yusko, the CEO of Morgan Creek, believes the Bitcoin price could exceed $ 100,000 over the course of the next year. This estimate reflects the forecast of the popular stock-to-flow (S2F) model, which its creator PlanB says BTC is still on the right track. Last month he repeated that he no longer has any doubt that the Bitcoin price will reach $ 100,000 by December 2021 due to a „supply shortage“. Last month , he tweeted about this:

People ask if I still believe in my model. To be clear, I have no doubt that Bitcoin S2FX is correct and that Bitcoin will hit $ 100,000-288,000 before December 2021.

Is $ 200,000- $ 300,000 a „conservative“ forecast?

The price of BTC has done an insane rally this year with a good 300%. Still, Bitcoin price predictions of around $ 200,000 by the end of 2021 assume that the leading crypto currency will far outperform this successful year. Because in order to achieve this price target, measured against the current price, BTC will have to add a further increase in value of a good 700%. That’s quite a lot!

Nevertheless, this price prediction even seems relatively tame when we compare it with the Bitcoin price predictions of other analysts. For example, popular on-chain analyst Will Woo says he’s seeing more evidence of “hodling” this time around, as well as dwindling supply of BTC on the exchanges as a result of the aforementioned inventory shortage.

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El acaparamiento de criptomonedas: ¿ha sido transparente el gobierno de EE. UU. Con sus incautaciones de cripto?

Posted on 16. November 2020 in Bitcoin

Cita la falta de transparencia en BTC incautado como una tapadera para el acto.

El gobierno de los Estados Unidos, la mayoría de las veces, tiende a apoderarse de Bitcoin de los delincuentes que sospecha que pertenecen a la notoria Dark Web

Aunque estos Bitcoin Trader incautados a veces se subastan, un popular influyente y analista de cifrado, Tyler Swope, afirma que sospecha que el gobierno está acaparando dichos activos de cifrado.

Swope menciona el ejemplo de Alexandre Cazes. Según los informes, Alexandre es el propietario de AlphaBay. AlphaBay es uno de los mercados más grandes de la darkweb.

Él dice que la cobertura de la muerte de Alexandre por la revista Fortune deja lugar a la sospecha de que el gobierno podría estar practicando el acaparamiento de criptomonedas.

Según la revista, el gobierno no es totalmente transparente cuando se trata de la cuestión de los Bitcoins incautados y tampoco suelen dar a conocer todos los detalles de dónde terminan estos criptoactivos incautados.

La revista continuó diciendo que el gobierno, sin embargo, tiende a subastar periódicamente estos BTC

Swope dijo que la cobertura que la revista Fortune había brindado a estos BTC subastados planteó preguntas importantes sobre si el gobierno de los Estados Unidos estaba acumulando criptografía con estilo.

Además, destacó que hay una falta de transparencia en lo que respecta a los activos incautados. Dice que el gobierno tiende a dejar un largo período de espera antes de divulgar información sobre esas monedas.

¿Cripto acaparamiento? El gobierno de EE. UU. Incauta $ 1 mil millones en BTC

El gobierno de los Estados Unidos anunció recientemente que estaba incautando Bitcoin por valor de más de $ 1 mil millones de Silk Road. Silk Road es un mercado negro en línea en la darkweb.

Tyler Swope mencionó que el gobierno podría estar utilizando esta incautación como una táctica para acumular su propia posesión de la criptomoneda.

Dijo que el gobierno se negó a revelar la identidad del individuo misterioso que estaba detrás de robar más de 70,000 BTC hace siete años.

Recordará que el US Marshal subastó recientemente más de 4000 BTC en febrero .

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Fejl i Bitcoin SV Multisig Wallet sætter midler i fare

Posted on 11. November 2020 in Bitcoin

Da Bitcoin SV (BSV) gaffede sig fra Bitcoin Cash, krævede dets mandat til at skabe en hurtigere betalingsfokuseret blockchain at rydde nogle af Bitcoins vigtigste tekniske funktioner.

Dermed ryddede det nogle af Bitcoins nøglefunktioner; nu er det dårligere stillet for det.

En af disse funktioner, den såkaldte pay-to-script hash (P2SH) -funktion, giver en bruger mulighed for at sende en transaktion ved at underskrive den til et „script“ snarere end en offentlig nøgleadresse. Disse scripts skaber specielle betingelser, der skal opfyldes for at få adgang til de bitcoins, der sendes til dem, og de bruges oftest i transaktioner med flere signaturer – eller transaktioner, der kræver mere end en part at godkende.

Før P2SH-transaktioner kom til Bitcoin i 2012, ville Bitcoins eneste transaktionstype sende betalinger til en offentlig nøgleadresse via funktionen pay-to-public-key-hash (P2PKH).

BSVs hjemmebryggede multisig-tegnebøger er blevet hacket

Bitcoin Core-udvikler og tidligere Blockstream CTO Gregory Maxwell skrev på Reddits r / bsv, at BSV-udviklere fjernede P2SH-funktionen for nogen tid siden fra BSV-blockchains kode. I ElectrumSV-tegnebogen („og formodentlig andetsteds,“ siger Maxwell i indlægget) erstattede udviklere funktionen med en bootleg, BSV-specifik version kaldet „akkumulator multi-sig“, der i stedet benyttede P2PKH-transaktioner.
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Der er en grund til, at Bitcoin bruger P2SH til multisig og ikke P2PKH, fordi sidstnævnte ikke er ideel til transaktioner med flere signaturer.

Det er faktisk så usikkert, at BSV-indehavere mister penge, siger Maxwell i stillingen.

”Disse scripts havde slet ingen sikkerhed,” forklarer han.

Ifølge Maxwell kontrollerede kodens arkitekter kun for at se, om multisig-transaktionerne ville fungere med det nøjagtige antal private nøgler, der var nødvendige for at sende transaktionen (en multi-sig-tegnebog kræver mere end en privat nøgle for at godkende en transaktion). De testede ikke transaktioner, hvis der er flere eller færre nøgler end nødvendigt.

I sin test fandt Maxwell to væsentlige problemer: for det første, at multi-sig-udgifter mislykkes, hvis mere end det mindste antal nøgler underskriver en transaktion. For det andet kunne enhver trykke på multi-sig-fondene „med for få underskrifter (som slet ingen).“

Læs mere: I Big Block Hard Fork har Craig Wrights Bitcoin venstre noder bag sig

En BSV-bruger, Aaron Zhou, mistede 600 BSV til et angreb, der udnyttede denne svaghed på sin multi-signatur tegnebog. Da han spurgte om tabet for en udvikler i et BSV-chatroom, sagde Zhou, at han stolede på „det var sikkert nok“, fordi „det blev introduceret af CoinGeek,“ en pro-BSV-mediebank bankrullet af Calvin Ayre, en nær ven af ​​BSV-skaberen Craig Wright. Som reaktion chastiserede en udvikler i chatten Zhou ved at sige, at han kun skulle have forpligtet „små beløb“ til tegnebogen.
Hvis det ikke går i stykker, skal du ikke rette det

Med en tone af frustration i sit indlæg sagde Maxwell, at „fejlen kunne have været undgået med selv den mest basale test eller gennemgang.“

Fiaskoen er en påmindelse om, at udvikling af kryptovaluta kommer med afvejninger og kræver omhu. BSVs grundlæggere og fortalere har markedsført det som betalingsfokuseret mønt med massive blokstørrelser og blærende hurtige transaktionstider. For at opnå disse egenskaber valgte BSV-udviklere at fjerne Bitcoins kode af nøglefunktioner. Som det fremgår af multi-sig-fiaskoen, kan dette komme på bekostning af sikkerheden.

Når penge er på banen, kan du ikke bevæge dig hurtigt og bryde ting. Ofte kritiseret som en langsomt slibende, for konservativ proces, fortsætter Bitcoin-udviklingen ofte med principperne om forsigtighed og præcision i tankerne.

Det er ikke overraskende, at som en Bitcoin Core-udvikler favoriserer Maxwell denne metodiske tilgang frem for den perfekte.

”Denne situation ville have været undgået helt, hvis BSV ikke havde rippet de kompetente, tidstestede og stærkt peer-reviewed mekanismer til multisig af Bitcoin til fordel for langt mindre effektiv hjemmebrygging-krypto,” sagde Maxwell.

”Kinda får dig til at undre dig over, hvilke fantastiske bugs der lurer i deres nodesoftware eller tegnebøger. Jeg kan med sikkerhed sige: Jeg vil ikke løbe noget af det og risikere at finde ud af det. ”

Udviklere hos ElectrumSV har endnu ikke returneret svar på spørgsmål fra CoinDesk.

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DeFi-related attacks exploded in 2020

Posted on 11. November 2020 in Bitcoin

A new report from CipherTrace notes that decentralized finance (DeFi) crimes are on the rise this year. They thus explode completely compared to the year 2019.

The volume of crypto crimes on the rise in 2020

According to the CipherTrace report , non-DeFi „generic“ crypto attacks amounted to $ 51.5 million in the first half of 2020. The trend has been up for the second half, as so far CipherTrace reports 292 millions of dollars in “ hacks and other thefts“ .

However, the DeFi sector is also growing. According to the report, decentralized finance accounted for 45% of all thefts and hacks ($ 51.5 million, or 40% of the volume that was hacked). For the second half of the year, DeFi currently represents 50% of all thefts and hacks ($ 47.7 million, or 14% of the volume).

DeFi: a new El Dorado for hackers?

According to CipherTrace, the volume of DeFi hacks was “ almost negligible“ for the year 2019 . The trend is therefore quite recent: the domain has completely exploded during the last summer. What is more, funds from „classic“ attacks could now be laundered thanks to DeFi.

The report recalls that it was the KuCoin hack that drove the volume up in the second half of the year. He allowed the attackers to walk away with $ 281 million . If we remove this particular attack, DeFi attacks gain the upper hand in terms of volume over the same period. CipherTrace also notes that the funds stolen from KuCoin partially passed through Uniswap , which therefore links this attack to DeFi.

What conclusion to draw ?

Unsurprisingly, the analysis firm concludes that the anti-money laundering measures of DeFi protocols are „deficient“. CipherTrace explains as follows:

“DeFi protocols are permissionless by nature, which means they often lack a compliance tool. Anyone in any country can access it with almost no KYC information. As a result, DeFi can easily become a haven for money laundering . „

CipherTrace is historically anti-anonymity and pro-regulation, so this interpretation is not very surprising. It’s a debate as old as Bitcoin, which regularly agitates the crypto community. The creation of decentralized financial systems often allow more anonymity and funds that pass without control from s classic regulators .

Should this be seen as a good thing, and as a way for users to regain control of their capital? Or should we be concerned about the opportunities this presents to malicious actors? The debate is open…

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Bitcoin Whale: US government seizes USD 1,000,000,000 in BTC from SilkRoad

Posted on 9. November 2020 in Bitcoin

A few days ago, a very large bitcoin whale alarm was making the rounds. Almost 70,000 BTC, the equivalent of just over 1 billion US dollars, were moved out of the fourth largest Bitcoin wallet . This was the first transaction since April 2015. Now it was revealed who is actually behind the transaction and what the background is.

Bitcoin Whale: U.S. Justice Department

Last Thursday, the world-famous Bloomberg portal reported the seizure of a gigantic amount of Bitcoin by the US Department of Justice. Accordingly, the enormous sum of 1,000,000,000 USD was confiscated, which came from the activities of the now closed darknet market called Silk Road.

The US Department of Justice said:

The amount seized is by far the largest sum of cryptocurrencies that has ever been seized in the history of the ministry.

According to the investigators, there was a collaboration with the company Chainalysis, known in the cryptospace. The aim of the collaboration was to identify Bitcoin transactions that were directly related to Silk Road. Obviously, this cooperation was successful and 54 transactions were discovered that were generated by an illegal activity.

0.33% of all available BTC in the hands of the Ministry

The Ministry of Justice said:

The flow of money was traced back to a Bitcoin address. Further investigation of this address by the US Attorney’s Office and other investigators revealed that the funds were related to Silk Road. Subsequently, on November 3, 2020, law enforcement authorities seized several thousand Bitcoin, which on November 4 had an equivalent value of over 1 billion dollars.

In addition to this enormous amount of Bitcoin, holdings of Bitcoin Cash, Bitcoin Gold and Bitcoin SV were also confiscated. And so the US Attorney David Anderson ended the statements with:

The successful arrest of the Silk Road founder in 2015 left the question of where the money was going. Well we have the answer. $ 1 billion of criminal activity is now in the hands of the United States.

This solves the mystery of the mighty Bitcoin Whale. It is also interesting that the US government is increasingly becoming a BTC whale. With almost 70,000 BTC now seized, the US Department of Justice alone holds 0.33% of the available supply of Bitcoin.

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Crypto Analyst explique pourquoi le modèle S2F de PlanB ne peut pas prédire le prix du Bitcoin

Posted on 28. September 2020 in Bitcoin

Dimanche 27 septembre, le célèbre macroéconomiste et analyste crypto Alex Krüger ( @krugermacro sur Twitter) a expliqué pourquoi l’analyste pseudonyme «PlanB» ( @ 100trillionUSD sur Twitter) avait tort d’utiliser le modèle de valorisation du ratio stock-flux (SF) pour prédire le prix du Bitcoin.

Dans un article de blog Medium publié le 19 mars 2019, PlanB a parlé de la rareté en termes de ratio stock-flux (SF) – où le stock est «la taille des stocks ou réserves existants» et le flux est «la production annuelle» – et l’a utilisé pour modéliser la valeur de Bitcoin Evolution.

Il a écrit:

«La valeur marchande prévue du bitcoin après la réduction de moitié de mai 2020 est de 1 milliard de dollars, ce qui se traduit par un prix du bitcoin de 55 000 dollars. C’est assez spectaculaire. Je suppose que le temps nous le dira et nous le saurons probablement un ou deux ans après la réduction de moitié, en 2020 ou 2021.

«Les gens me demandent d’où proviendrait tout l’argent nécessaire pour une valeur marchande de 1 milliard de dollars en bitcoins? Ma réponse: l’argent, l’or, les pays à taux d’intérêt négatif (Europe, Japon, États-Unis bientôt), les pays aux gouvernements prédateurs (Venezuela, Chine, Iran, Turquie, etc.), les milliardaires et millionnaires se couvrant contre l’assouplissement quantitatif (QE) et les investisseurs institutionnels découvrir l’actif le plus performant des 10 dernières années. »

Il a poursuivi en disant:

«Il existe une relation statistiquement significative entre stock-flux et valeur marchande. La probabilité que la relation entre stock-flux et valeur marchande soit causée par le hasard est proche de zéro. “

Depuis que PlanB a adopté le modèle S2F pour Bitcoin, ce modèle d’évaluation est devenu très populaire dans la communauté crypto. Sa popularité est probablement due à une combinaison de la simplicité de l’idée de base sous-jacente (à savoir que «cette rareté, telle que mesurée par SF, entraîne directement la valeur»), les graphiques colorés de PlanB et les prévisions de prix très haussières pour Bitcoin que l’on peut faire en utilisant ce modèle.

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Paraswap: decentralized finance middleware raises $ 2.7 million

Posted on 25. September 2020 in Bitcoin

Paraswap is an interface layer facilitating interactions with decentralized exchanges (DEX). The French company based in Nanterre has just raised $ 2.7 million to expand.

The rise of decentralized finance (DeFi)

It is impossible to miss the rise of decentralized finance on Ethereum. For several months, these protocols which aim to provide the same services as traditional finance, in a more transparent and inclusive manner, have multiplied. The volume of decentralized exchange platforms ( DEX ) is constantly increasing.

Indeed, DEXs are particularly innovative, especially with the arrival of AMMs ( Automated Market Makers ). If Uniswap is leading the way, it now has competitors like Curve Finance (CRV), Balancer (BAL) or SushiSwap (SUSHI). These protocols offer different incentive mechanisms for liquidity providers .

It is therefore becoming increasingly difficult to navigate this jungle and navigate between the different options available to trade a given pair.

Indeed, not all DEXs present in the clearest way the costs of a swap for the user. In addition, the costs of interacting with a new service can be high .

ParaSwap: streamline interaction with decentralized exchanges

ParaSwap responds to this complexity by offering middleware , an interface between the user and the DEXs . The platform aggregates the liquidity available on all these exchanges into a complete API . The service is of course also accessible via a web interface .

At a glance, the user can know the different rates available for his swap . Better yet, ParaSwap uses a routing technique that can lower costs for the user. It is able to distribute transactions over multiple DEXs if this improves the effective cost of the exchange.

ParaSwap also has its own liquidity pool , ParaSwap Pool . On high volume pairs (ether, stablecoins), this service regularly offers the best rates on the market.

The success of ParaSwap can be seen by taking a look at the trade volumes facilitated by the service:

The ParaSwap team announced a fundraising of $ 2.7 million to decentralize the protocol. Indeed, the team wants to make the ParaSwap infrastructure as transparent as possible and integrate the decisions of its community .

32 renowned investors have invested in the project. Among them, we find funds venture capital well known as BlockChain Capital Lemniscap, Coinfund, Spartan Capital, Arrington XRP CMS Holdings, CoinGecko, FTX … But also famous names of cryptosphère as Stani Kulechov (creator of Aave), Zurab Kazhiloti, David J. Namdar, or Arthur Cheong (creator of DeFiance Capital).

The ParaSwap team can therefore move up a gear. From features news will be announced soon. Likewise, it sets up numerous partnerships . The assumed objective of ParaSwap is to become the most accessible and transparent DeFi middleware on the market. To do this, ParaSwap is recruiting: the team is particularly looking for engineers ready to take on new and exciting challenges.

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