DomanCrypto platform Freeway halts services citing 'unprecedented volatility'
Crypto platform Freeway has halted some of its services, citing "unprecedented volatility" in the foreign exchange and cryptocurrency markets in “recent times.” In an Oct. 23 post, the platform announced they are halting buys, deposits and will "not be buying Supercharger simulations until our new strategies are implemented." According to the Freeway website, their "Superchargers" product can offer up to 43% annual yield rewards. Users can deposit fiat currencies and crypto, which are placed ...
DomanAfter Mango Markets exploit, Compound pauses 4 tokens to protect against price manipulation
Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed. With the pause, users will not be able to deposit Yearn.finance’s YFI ( YFI $8,126 ), 0x’s ZRX, Basic Attention Token (BAT) and Maker’s MKR ( MKR $968 ) as col...
DomanWhat is decentralized identity in blockchain?
1.What is a decentralized identity? A decentralized identity is a self-owned, independent identity that enables trusted data exchange.Decentralized identity is an emerging Web3 concept based on a trust framework for identity management. Such decentralized identity management includes an approach to identity and access administration that allows people to generate, manage and control their personally identifiable information (PII) without a centralized third party like a registry, identity pro...
cryptocurrency enthusiast
DomanCrypto platform Freeway halts services citing 'unprecedented volatility'
Crypto platform Freeway has halted some of its services, citing "unprecedented volatility" in the foreign exchange and cryptocurrency markets in “recent times.” In an Oct. 23 post, the platform announced they are halting buys, deposits and will "not be buying Supercharger simulations until our new strategies are implemented." According to the Freeway website, their "Superchargers" product can offer up to 43% annual yield rewards. Users can deposit fiat currencies and crypto, which are placed ...
DomanAfter Mango Markets exploit, Compound pauses 4 tokens to protect against price manipulation
Decentralized lending protocol Compound has paused the supply of four tokens as lending collateral on its platform, aiming to protect users against potential attacks involving price manipulation, similar to the recent $117 million exploit of Mango Markets, according to a proposal on Compound’s governance forum that was recently passed. With the pause, users will not be able to deposit Yearn.finance’s YFI ( YFI $8,126 ), 0x’s ZRX, Basic Attention Token (BAT) and Maker’s MKR ( MKR $968 ) as col...
DomanWhat is decentralized identity in blockchain?
1.What is a decentralized identity? A decentralized identity is a self-owned, independent identity that enables trusted data exchange.Decentralized identity is an emerging Web3 concept based on a trust framework for identity management. Such decentralized identity management includes an approach to identity and access administration that allows people to generate, manage and control their personally identifiable information (PII) without a centralized third party like a registry, identity pro...
cryptocurrency enthusiast
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The BitDAO community’s proposal on the BIT buyback plan has opened for voting, which is intended as part of its DAO deployment strategy plan. The proposal proposes to set a daily target purchase amount (TDPA) of 2 million USDT for 50 days starting from January 1, 2023 (a total of 100 million USDT).
After purchasing BIT, the BitDAO treasury will still hold USD 300 million in USDT/USDC and 270,000 ETH (approximately USD 345 million). The proposal states that this should be enough to cover more than 5 years of BIT product development.
The proposal currently has 100% support, and voting will end on December 31.
The BitDAO community’s proposal on the BIT buyback plan has opened for voting, which is intended as part of its DAO deployment strategy plan. The proposal proposes to set a daily target purchase amount (TDPA) of 2 million USDT for 50 days starting from January 1, 2023 (a total of 100 million USDT).
After purchasing BIT, the BitDAO treasury will still hold USD 300 million in USDT/USDC and 270,000 ETH (approximately USD 345 million). The proposal states that this should be enough to cover more than 5 years of BIT product development.
The proposal currently has 100% support, and voting will end on December 31.
No activity yet