#dexe executable mania

[pacecito01]

Just my favorite characters having their little funtime! :]

Forgot to give a little fix to these arts, but i was tired to fix them. So, ignore it please.

[osc-ship-confessions]

crossover crackship inky itft x dEXE executable mania okay ? okay

⋆˚☆˖°

[kavinsps]

Launch Your Staking Platform in Days

Decentralized Finance (or DeFi) is a technological movement that aims to replace traditional financial systems by moving the flow of money from centralized entities (i.e. banks) to decentralized P2P networks, and using smart contracts to execute code based on conditions. default.

defi staking platform development DeFi technology offers services such as cryptocurrency trading, lending, borrowing, tokenized stock trading, yield farming , liquidity mining, prediction markets, etc. The DeFi market skyrocketed 400% in one year, and DeFi tools like MetaMask amassed over 10 million downloads. .

When did DeFi start? Following the ICO mania of 2017, the broader cryptocurrency market may have entered a prolonged bear market, but the prominence of 2017 garnered mainstream attention. Investors, developers, traders and other professionals poured into the sector as remnants of ICO bubble capital were used as fuel for technological innovation along with increased venture capital investment. Much of that effort and capital has manifested in decentralized finance (DeFi).

How did DeFi start? applications ( DApps ) on top of existing blockchain infrastructure. .

defi staking platform services These applications have the potential to replace traditional banking by giving each user full control of their money and allowing completely trust-free trading. DeFi removes the need for a middleman like a bank and users can trade with each other using P2P technology.

Ethereum was the first cryptocurrency that allowed other users to build coins on top of the blockchain under the ERC-20 standard . Any developer with basic coding knowledge could deploy an ERC-20 token and build their own crypto.

How to use DeFi What can DeFi do for you? DeFi platforms include everything from decentralized exchanges (DEXs like Uniswap ) to synthetic assets (eg Synthetix), liquidity pools, insurance products (eg Opyn), payments, lending protocols (eg Compound), stablecoins , and more. These platforms work similar to existing financial services, but in most cases they replace the institution (like an exchange) with a series of smart contracts that operate on a network like Ethereum.

Decentralized Exchange (DEX): Users can trade ERC-20 and other Layer 2 tokens for profit. Decentralized exchanges ( DEXs ) work similarly to centralized exchanges in that users can buy and sell crypto, sometimes even with limit orders. These exchanges work on the principle of “trading” one coin for another, for example, trading Vlaunch (VPAD) > Ethereum and vice versa. Lending: DeFi is comparable to traditional finance because it offers similar features as lending/lending. Users can lend on DeFi exchanges by depositing collateral. Lenders can make money by charging interest on your crypto assets. Stablecoins: Traders can convert their tokens into stablecoins pegged to fiat currencies like USDT , USDC, DAI, and more. Similar to how traders can cash in volatile cryptocurrencies like ETH, they can use stablecoins in decentralized wallets. Yield Farming: An investor can charge commissions for trading on decentralized exchanges by making their cryptocurrencies available for trading. If a person has both ETH and Shiba Inu ( SHIB ), he can deposit them as a SHIB / ETH LP token and earn % commission for each trade on the platform. Wrapped Cryptocurrencies: Users can “wrap” other cryptocurrencies that do not run on the Ethereum blockchain, such as Bitcoin — wBTC being the most popular. Staking : Users can stake their DeFi coins to earn a certain APY (Annual Percentage Yield). In most currencies, the annual APY% could exceed that of traditional financial institutions by a significant margin. Aggregation: Users can take advantage of a DeFi app like 1Inch that aggregates decentralized exchanges and get lower fees depending on the state of the network and liquidity on the different exchanges. 7 Advantages of DeFi DeFi has numerous advantages over traditional financing. It covers the following features

Global: The scope of DeFi is truly limitless. Anyone can use DeFi services from anywhere in the world without restrictions. Private: DeFi wallets are private. To use a popular wallet like MetaMask , the user only needs to remember their recovery phrase. They do not need an email, an identity document, a passport, proof of address or any sensitive information. Keys: DeFi users are in full control of their crypto keys, and the only way to trade most popular DeFi apps is to have a decentralized wallet. Users own 100% of their cryptocurrencies in DeFi. Using block explorers , users can view their past trades and those of other people. However, these data are not linked to the identity of the person, only to their crypto address. Fast — DeFi transactions are fast with the average exchange on decentralized exchanges taking 5–10 seconds to confirm transactions. Open Source: DeFi is built on top of open source software protocols such as Ethereum ( ETH ), Uniswap ( UNI ), and MetaMask. Open source licenses spawn thousands of different dApps.

[evanvanness]

Annotated edition, Week in Ethereum News, March 15 issue

The number of EthCC attendees (for the record, most people I talk to now think the afterparty was the main spreading event) testing positive since I published the newsletter, even while many can’t get tested.  So no caffeine or beer for me just in case I’m affected (though I left the afterparty very early), and that lack of caffeine is pulling me down just a little.   This might be a low-energy, “please clap” Jeb annotated issue.

Eth1

Overlay method for hex to binary tree conversion

A summary of the post-EthCC Stateless Eth meetings. Renewed focus on sync, particularly getNodeData

A writeup post-stateless ETH summit after ethCC as well as a summary.  Quiet times usually follow productive meetings, hence only 2 bullet points this week.

Eth2

Latest Eth2 call. Notes from Ben and Mamy. Phase 1 prototyping coming soon

Latest phase0 spec v0.11, the target for stable multi-client testnet

Ben Edgington’s notes from networking call

Nimbus client update – interop this month, discussion around constraints of running eth2 client on mobile devices

Two phase2 ethresearch posts: Appraisal of Non-sequential Receipt Cross-shard Transactions and Atomic Cross Shard Function Calls using System Events, Live Parameter Checking, & Contract Locking

Vitalik’s Using polynomial commitments to replace state roots, though this is not likely to hit the current roadmap. More context from listening to Justin Drake and Vitalik Buterin on Zero Knowledge

So my current estimate (completely my own) is that we’re likely looking at late q2 for phase0 launch.   But who knows, maybe getting locked down will provide a small speedup?  <wry grin>

I continue to think that by far the most important thing after shipping phase 0 is turning off proof of work.  Stop wasting electricity!  Cut issuance!

Stuff for developers

Solidity v0.6.4

A storage layout for proxy contracts taking advantage of Solidity v0.6.4

EthGlobal’s survey of Eth developers

10x smaller Javascript signer/verifier

Interacting with Ethereum using a shell through Incubed ultra-light client

Groth16 bellman proof verifier

Templates with pre-filled contract ABIs, addresses and subgraphs for Aave, Compound, Sablier, Uniswap

Prysmatic’s service registry pattern in Go

Implementing Merkle Trees and Patricia Tries in Node.js

Pipline onchain interpreted language vid

Austin Griffith vid on wallet module for eth.build

OpenZeppelin points out that a malicious deployer can backdoor your Gnosis Safe

SmartBugs: framework for executing Solidity automated analysis tools, with an academic paper comparing tool performance

I probably should’ve added that your Gnosis Safe is always safe if you used the official front end of the mobile app.

Crypto carnage, Maker liquidations

Thursday’s global selloff of risk assets led to the most negative price action day of crypto’s short history. The selloff inflated gas prices (~200 gwei) which caused trouble for Maker. The Maker oracles stopped working for an hour or two.

Maker liquidation auctions went off for nearly 0 DAI as bots bidding on those auctions got caught in high gas prices and ran out of DAI, leading several different bot maintainers to make ~8m USD in ETH by bidding just above zero in a few disparate time periods.

As a result, the Maker system surplus became a 5.7m Dai deficit (as of the time of publication). To improve incentives, Maker governance changed some parameters and to recoup the debt MKR will be auctioned onchain for lots of 50,000 Dai on the morning (UTC) of March 19th.

Community members have started a backstop to ensure the deficit is covered

Here is a writeup of the Maker liquidations with data and graphs

Just published: Maker governance proposal to change DSR to 0 and Stability Fee to 0.5%, GSM to 4 hours, and a decentralized circuitbreaker for auctions

An interesting thing I just learned is that Maker’s standard keeper apparently only works in Parity, not with Geth or Infura.  So that’s another ramification of the Kovan/Rinkeby split, and getting Maker to use Kovan.

In the meantime, USDC has been added as a collateral.  It’s rather strange but USDC perhaps makes sense as a way to mint DAI in times of stress and get closer to the peg.  Seems like the Stability Fee should be set high here though, as you really only want people using it in times of needing Dai, eg in auctions.  Right now it’s 20%, i’m not sure that’s as high as it should be.

This newsletter doesn’t often mention price and market-related matters.  But it’s quite clear that crypto is not a safe haven in crisis.   Could it be in the future?  Perhaps, but all the hedge funds and institutional money simply exacerbate volatility.  Where we’re at is that when people wanted to take risk off the table, they viewed crypto as a risk asset - and Bitcoin got hit the hardest because it had survived the best in crypto winter, despite there being no reason whatsoever for it to have done the best.

Ecosystem

Prysmatic’s Raul Jordan: Eth2 is happening, it is shipping, and we’re going to make it a reality no matter what

EthIndia’s online hackathon winners

DuneAnalytic’s stats for smart contract wallets

4GB DAG size and potential hashrate impact

So far, 9 attendees of EthCC have tested positive for COVID-19

A fun parlor game: what will be the next big ETH event?  Devcon?  Or something before, or something after?   I think we’re going to see a lot more online hackathons - and probably more sponsorship dollars for them.  Perhaps more sponsorship fiat for newsletter subscriptions too?  

Raul’s post on eth2 was the most clicked of the week.

Enterprise

End to end transport layer security with Hyperledger Besu v1.4

DAML now available on Besu

Paul Brody talks Baseline Protocol on Into the Ether

How Citi and ConsenSys use Ethereum for commodities trade finance

Nice komgo writeup.  Also interesting to see that the bet of Besu seems to be paying off with enterprise privatechain stuff like DAML even on Besu.

Governance, DAOs, and standards

Livepeer’s proposed governance roadmap

SingularDTV announces snglsDAO Foundation for their media protocol press release

Aragon removes AGP voting for ANT holders

What DAOs can learn from the Swedish Pirate Party

How to quickly create your own DAOstack DAO

FakerDAO – pool your MKR to sell votes to highest bidder

Governance as a whole has probably been one of Ethereum’s weak points.  Not as bad as governance-by-Blockstream, but still not great.  People don’t turn out to vote so direct voting doesn’t work (to wit, Aragon removing voting which was the only use for ANT) - and yet one of the solutions for people not voting actually penalizes people for voting, as I’ve found out in DxDAO.   I’m hopeful for some of the solutions but to date long-term governance of everything is mostly an unsolved issue.

Application layer

Numerai’s ErasureBay live on mainnet. A marketplace for any kind of information, where the buyer can slash the seller if they don’t like the information

DeFiSaver’s 1click transaction CDP closing using flashloans

Gnosis’ Gibraltar-regulated Sight political markets are live

Update on Augur v2. tldr: it’s close

Balancer’s code is open source

bZx’s mea culpa post mortem of the attacks. They also paid 1inch the full bug bounty two weeks ago.

Bluestone fixed rate loans and deposits, live on Rinkeby testnet

Maker’s Dai Gaming Initiative

VirtuePoker’s final beta launches March 16th

HavenSocial, a web3 alternative to Facebook where you own your own data

Nice to see people are still trying to build social media alternatives.  The idea of building a better Facebook is definitely an enthralling one - yet not one that Ethereum has even come close to delivering.

Same with games - we’ve been talking about tokens/NFTs on ETH being a big thing in games for awhile.  Nothing has quite hit it (let’s be honest, CryptoKitties was just a different flavor of ICO mania) but I think Skyweaver might.  

My usual ex-post metric of seeing how much of this section is DeFi: 10 bullet points, depending on how you count you could say it’s 4 to ~8.  

Tokens/Business/Regulation

David Hoffman: Ethereum as emergent structure

USDC: programmable dollars with business accounts and APIs

Uniswap volume is now tracked on Coinmarketcap

wBTC passes Lightning Network in value locked up

Matthew Green: US congressional bill EARN IT is a direct attack on e2e encryption

Mass panic like with Corona is always a perfect moment to add bills on as riders to must-pass bills, so look for anti-encryption hawks to try to do this in the name of “safety.”  Maybe even to bailout bills.

Kinda interesting to see CMC finally add Uniswap volume.  They’ve been quite slow to add dexes generally; it seems like Bitcoiners often have a hard time adjusting to decentralization when they’ve been used to all the centralized BTC tradeoffs.

And Circle is now all-in on USDC.  From Santander prototype at Devcon2 to $600m now printed, and this doesn’t even count Tether belatedly realizing that BTC was a terrible choice to secure Tether.

General

Contribute computing cycles to fight COVID-19

Stay private in DeFi with email

Brave’s nightly release features random browser fingerprints per session

Load Value Injection attack on Intel SGX

Jacobians of hyperelliptic curves explainer from Alan Szepieniec

Ryan Sean Adams’ “how to” on using ProtonMail or equivalent is the 2nd most clicked, showing how he’s one of the most important people in Ethereum right now.  He takes concepts them and popularizes them.  

The random browser fingerprints is huge, and a big step up in privacy.  

Meanwhile if you have 2gb or 3gb GPUs, you can fold some proteins which may have an impact on COVID-19.  I’m always skeptical, but it seems likely to be worth the cost.  Especially if you’re like me and get super cheap electricity in Texas through GridPlus!  Crypto is not cancelled in Texas.

[cryptobully-blog]

One year after ICO mania, these big-money projects are delivering

http://cryptobully.com/one-year-after-ico-mania-these-big-money-projects-are-delivering/

One year after ICO mania, these big-money projects are delivering

The ICO mania we saw last year escalated rapidly. The ICO that signaled to me that things were about to get out of control was the Gnosis raise in April.

The company’s concept of a decentralized prediction marketplace made a lot of sense to me. What made less sense to me was that it was able to raise $12.5 million in 15 minutes. And what made no sense to me at all was when Gnosis’ valuation hit $300 million. If I recall correctly, it even hit $1 billion at some point.

Then Brave’s Basic Attention Token raised $35 million in 30 seconds at the end of May.

Then, in June, Bancor said, “I see you and raise you,” bringing in a then-record $153 million in three hours.

At that point, all bets were off, and the ICO floodgates were officially open, leading to Filecoin and Tezos’ $200+ million raises.

It was easy to be skeptical about the idea that these projects warranted such large valuations and capital at a pre-product stage. Heck, it’s easy to be skeptical even now, and plenty of people are — like Ryan Selkis and John Pfeffer.

And there’s been a lot of concern that, after their huge ICO fundraises and with no contractual obligation to deliver a product, founders would have little incentive to stick around and do the hard work. But we’re now one year in, and it’s heartening to see that real, meaningful products are shipping.

Brave

I love the concept of Brave’s Basic Attention Token (BAT). If you’re not familiar with it, it’s a token that lets users pay micro-fees, in BAT, to their most-used or most-liked content sites. The idea of paying sites directly for the level of interest you have in their content seems like a great counterbalance to the last 150+ years of letting them sell your attention to advertisers, which Tim Wu documents beautifully in his book, The Attention Merchants.

My challenge with the BAT is that it requires all of us to use Brave‘s ad-free browser, which most of us do not use. I have it installed on my machine, and I use it for specific occasions where I feel I really want privacy (I’m not even sure I totally trust Chrome Incognito mode). Beyond privacy, Brave’s other selling point is that, without any ads to serve up, it promises faster browsing speeds.

Brave’s CEO is Brendan Eich, by the way, who invented Java Script and cofounded Mozilla.

Now, Brave had a head-start over most of 2017’s ICO companies. It debuted the first iteration of its browser back in 2016, well before its ICO. Still, one year post-ICO, the company continues to deliver.

As an example of what it can do, the other day, I saw a (very depressing) article in my Facebook feed, so I clicked through to the Forbes page. I was greeted by this:

I whitelisted and went on to get this:

Then, I decided to copy the URL and use Brave, which got me this without any warnings:

As you can see, Brave removed the 35 pieces of data/ads that Forbes was pushing on me. The result is a faster browser experience.

Brave’s initial effort is to drive browser adoption through great experience. Then it plans to move on to a model where you are paid to watch ads based on the criteria you set. It will of course continue to let users send micro-payments to the sites they use most. You may not want to pay $19.95 per month for access to Forbes or the Economist, but you might be willing to pay $.01 for an article with no ads.

There’s a long way to go from here to there, but it’s great to see Brave making positive strides with a live product that works really well.

Bancor

Bancor is a case study in not rushing to judgment in the crypto space.

[Disclosure: I own less than $1,000 in Bancor tokens in order to use its platform.]

The project’s beginning was a bit rough. There were some issues with the ICO, primarily due to the Ethereum network getting bogged down from the amount of traffic. Also, because the approach was so novel, many people had difficulty understanding the proposed solution in the whitepaper. After the ICO, the project was challenged by a leading researcher in the crypto space, but Bancor’s world class response was the stuff of PR legends. In my mind, it was a crisis management case study. Still, early on, many in the crypto space hadn’t reached a conclusion about the project either way.

But the tide is really starting to turn in Bancor’s favor.

The team has demonstrated the ability to deliver both at the protocol and at the app layer. What’s more, the concept behind the innovative token is starting to gain acceptance and adoption. Bancor is currently the #1 decentralized solution for token conversions by volume, surpassing IDEX and EtherDelta.

I had the opportunity to chat with Eyal Hertzog, one of the cofounders, for about two hours. I couldn’t help but be impressed with the depth of his thinking and the way he was attacking the problem.

The challenge the company faced was solving the problem of centralized exchanges on the one hand and smart contract-based decentralized exchanges on the other.

Centralized cryptocurrency exchanges are inherently risky, as we have learned time and time and time and time again. With a centralized exchange, the private keys that make everything possible in a blockchain-based world are held not by the individual customer but by the exchange itself. It’s like Equifax but using real money instead of “just” your information.

Slightly more secure are decentralized exchanges such as EtherDelta and Oasis Dex, but they have all kinds of issues as outlined in  “Front-running, Griefing and the Perils of Virtual Settlement (Part 2),” written by a cofounder of 0x protocol. The basic issue is that (as we saw with the BAT token sale) someone can pay more in gas to make their transaction and thus get their transaction submitted ahead of everyone else’s (which is especially problematic in ICOs, where limited tokens are available, and in trading).

0x championed a solution to this problem by building an entire protocol around relays instead of contracts. You can read more about that here. Given the issues centralized exchanges are having, it is not surprising to see Ox’s network traffic pick up and projects such as Radar Relay building on top of the platform.

But even those decentralized approaches have a core challenge; namely, “the coincidence of wants.” Simply put, if you want to sell a share of Apple or IBM, there needs to be another person who wants to buy it at that time. If there isn’t, the market doesn’t have liquidity and you are stuck.

Bancor’s innovation is a smart token that aims to solve all of this. The basic idea is that, instead of trading with another person, you trade against a basket of tokens that algorithmically changes the price based on supply and demand.

Bancor is processing over $10 million worth of transactions daily and is supporting an ever-growing list of tokens. Keeping with its proven ability to ship, it recently released an improved and upgraded user interface.

Stefano Bernardi, who writes what I consider to be the best newsletter in crypto, Token Economy, had this to say: “I must admit that I gave Bancor a lot of shit, mostly because of their (at the time) insane ICO  —  but I’ve been impressed with the execution. What they’ve built is a super interesting alternative to decentralized exchanges.”

With the listing fees for centralized exchanges going into the seven figures, in some cases with long delays, it is not surprising to see many project founders turning to Bancor. They can provide liquidity to their existing token holders and, as they build out their projects, give others an opportunity to participate quickly and easily.

Gnosis

Not quite fully live yet and still in beta is the decentralized prediction market leveraging Gnosis, called Olympia.

Over the course of December, the company ran a two-week test across 22 predictions ranging from

Will NYC have a white Christmas? (no)

Will ETH hit $1000 in 2017? (no)

How many users will engage with the Olympia network by Jan 1? (584)

The good news here as well is that it works.

The idea that we will soon have a fully functioning decentralized prediction market that can’t be manipulated by a central authority is pretty appealing.

The 2017 ICOs are growing up

While the SEC and others have been clearing out the scam projects and regulators are cooling the market a bit (which is ultimately good), we are seeing more and more of the first wave of ICOs start to deliver. Golem, for example, another of the early ones to market, just launched its beta on the Ethereum MainNet. It took the company 1.5 years. Another early ICO, Storj, has 40 petabytes of data on its decentralized network with over 150,000 nodes around the world.

Back in January, I suggested 2018 would be the year that “sh*t gets real.” It’s exciting to see the real work getting done now, particularly while so many people are afraid of the crypto market.

That’s not to say the crazy valuations or investment amounts we saw last year justified, just that I’m happy to see real products shipping.

We’re currently in a relatively quiet time. This is the lull following the funding frenzy of November/December of 2017 when the infrastructure and apps are getting built. In a year or so when these projects are truly ready for prime time, people not following this space will be asking themselves, “hey what happened?”

The answer will be, “Some of those ICO guys were scammers. But some were not — they took the money and did what they actually said they were going to do. Now it’s here.”

Special thanks to Omri Cohen and Brian Brown for reviewing this article.

Jeremy Epstein is CEO of Never Stop Marketing and author of The CMO Primer for the Blockchain World. He currently works with startups in the blockchain and decentralization space, including OpenBazaar, Zcash, ARK, Gladius, Peer Mountain and DAOstack.

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