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crypto-marketing · 3 days

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Consolidated vs. Decentralized Exchanges for Crypto Trading: A Comprehensive Guide

The cryptocurrency landscape continues to evolve rapidly, with new ways to trade, invest, and interact with digital assets. Central to this transformation are cryptocurrency exchanges, which act as gateways for buying, selling, and trading cryptocurrencies. However, these exchanges operate in different ways, and understanding the differences between centralized and decentralized exchanges (CEXs and DEXs) is vital for anyone navigating the world of crypto trading—especially as upcoming ICOs and upcoming IDOs provide new opportunities.

In this guide, we’ll break down the pros and cons of each type of exchange, giving you the insights you need to make informed decisions on your cryptocurrency trading journey, whether you’re eyeing the latest upcoming crypto or exploring various types of exchanges.

What Are Centralized Exchanges (CEXs)?

Centralized exchanges (CEXs) are platforms that act as intermediaries between buyers and sellers in the cryptocurrency market. These exchanges hold user funds, manage accounts, and facilitate trades on behalf of their customers. Some of the most popular CEXs include Binance, Coinbase, and Kraken, and they are often the go-to platforms for traders involved in upcoming ICOs, upcoming IDOs, or upcoming IEOs.

Advantages of Centralized Exchanges

User-Friendly Interface Centralized exchanges are typically designed to be intuitive, making them a great option for beginners. Their interfaces are usually easy to navigate, and they offer robust customer support.

High Liquidity Due to their large user bases, CEXs tend to have higher liquidity, meaning you can trade faster and at more favorable prices. This is especially useful for high-volume trading in upcoming IDOs or ICOs.

Advanced Trading Features Many CEXs offer advanced trading tools such as margin trading, futures contracts, and comprehensive charting options. These features appeal to experienced traders seeking more complex strategies.

Disadvantages of Centralized Exchanges

Security Risks Since CEXs act as custodians of user funds, they are often targets for hackers. Users must trust the platform to secure their assets, which can be risky.

Regulatory Issues Centralized exchanges must comply with regional regulations, which can result in restrictions or even shutdowns in certain locations. These regulations might also impact users participating in upcoming ICOs or upcoming crypto events.

Custodial Control When using a CEX, you don't control your private keys. Instead, the exchange manages them, which goes against the core principle of decentralization in cryptocurrency.

What Are Decentralized Exchanges (DEXs)?

Decentralized exchanges (DEXs) are platforms that enable peer-to-peer trading without the need for a central authority. They operate using smart contracts on blockchain networks, allowing users to trade directly with one another. Popular DEXs include Uniswap, SushiSwap, and PancakeSwap. DEXs are often associated with emerging projects, including those offering upcoming ICOs, upcoming IDOs, or upcoming IEOs.

Advantages of Decentralized Exchanges

Enhanced Security DEXs allow users to retain full control over their private keys and funds, significantly reducing the risk of hacking associated with centralized platforms.

Anonymity Many decentralized exchanges do not require users to undergo KYC (Know Your Customer) procedures, offering greater privacy for traders, especially when engaging in upcoming crypto projects.

No Intermediaries DEXs eliminate the need for a middleman, which results in lower transaction fees and faster settlements. The peer-to-peer nature of DEXs aligns with the decentralized ethos of cryptocurrency.

Disadvantages of Decentralized Exchanges

Lower Liquidity DEXs generally have lower trading volumes compared to CEXs, which can lead to price slippage and slower trade execution. This might be a concern if you're trading tokens from upcoming IDOs with lower liquidity.

Complexity DEXs are often more challenging for beginners due to their less intuitive interfaces. Users also need to be familiar with managing their own wallets and private keys.

Limited Features While DEXs are continuously evolving, they still lag behind CEXs in terms of offering advanced trading features like margin trading, limit orders, and futures contracts.

Choosing the Right Exchange for Your Needs

When deciding between a centralized or decentralized exchange for trading cryptocurrencies, it’s important to weigh your personal preferences, trading experience, and risk tolerance. Each exchange type offers distinct advantages depending on your priorities and the nature of the assets you plan to trade, such as tokens from upcoming ICOs, upcoming IDOs, or upcoming IEOs.

For Beginners: Centralized exchanges are generally the best choice due to their ease of use, high liquidity, and customer support services. These platforms are ideal for users who are just getting started with upcoming crypto projects.

For Security-Conscious Traders: If you value control over your assets and prefer greater anonymity, decentralized exchanges may be the right fit. They offer enhanced security since you maintain control over your private keys, making them a good option for trading tokens from upcoming IDOs or ICOs.

The Role of Cryptocurrency Research

Regardless of the type of exchange you choose, conducting thorough cryptocurrency research is critical. Before investing in any upcoming ICO or IDO, you should investigate the project, understand its tokenomics, and assess its market potential. Doing so will help you identify promising investment opportunities and avoid potential pitfalls.

Utilizing Cryptocurrency Information

Staying updated on market trends is essential for making informed decisions, whether you're trading on a CEX or a DEX. Follow reliable sources of cryptocurrency information, including newsletters, market analysis, and community forums to gain insights into upcoming crypto opportunities and trends in upcoming IDOs, IEOs, and ICOs.

Conclusion

The decision between using a centralized exchange (CEX) or a decentralized exchange (DEX) depends on your individual needs and trading style. Centralized exchanges offer user-friendly interfaces, high liquidity, and advanced trading tools, making them ideal for beginners and high-volume traders. On the other hand, decentralized exchanges offer more security, privacy, and control over assets, appealing to those who value the decentralized nature of cryptocurrency.

As the crypto market continues to grow, understanding the differences between these platforms can help you make better trading decisions. By conducting thorough research and staying updated on upcoming ICOs, upcoming IDOs, and other upcoming crypto projects, you can position yourself for success in the ever-evolving world of cryptocurrency trading.

Explore the Right Exchange Today

Whether you’re a newcomer to crypto or a seasoned trader, selecting the right platform is crucial. Continue researching, learning, and adapting to the changing market to enhance your trading experience in the dynamic world of cryptocurrency. Happy trading!

#Upcoming ICO #upcoming ido ieo #icos and idos #upcoming crypto #Upcoming IDO

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crytolenz · 3 days

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Consolidated vs. Decentralized Exchanges for Crypto Trading: A Comprehensive Guide

What Are Centralized Exchanges (CEXs)?

Advantages of Centralized Exchanges

Disadvantages of Centralized Exchanges

Security Risks Since CEXs act as custodians of user funds, they are often targets for hackers. Users must trust the platform to secure their assets, which can be risky.

Custodial Control When using a CEX, you don't control your private keys. Instead, the exchange manages them, which goes against the core principle of decentralization in cryptocurrency.

What Are Decentralized Exchanges (DEXs)?

Advantages of Decentralized Exchanges

Enhanced Security DEXs allow users to retain full control over their private keys and funds, significantly reducing the risk of hacking associated with centralized platforms.

Anonymity Many decentralized exchanges do not require users to undergo KYC (Know Your Customer) procedures, offering greater privacy for traders, especially when engaging in upcoming crypto projects.

Disadvantages of Decentralized Exchanges

Complexity DEXs are often more challenging for beginners due to their less intuitive interfaces. Users also need to be familiar with managing their own wallets and private keys.

Limited Features While DEXs are continuously evolving, they still lag behind CEXs in terms of offering advanced trading features like margin trading, limit orders, and futures contracts.

Choosing the Right Exchange for Your Needs

The Role of Cryptocurrency Research

Utilizing Cryptocurrency Information

Conclusion

Explore the Right Exchange Today

#Upcoming ICO #upcoming ido ieo #icos and idos #upcoming crypto #Upcoming IDO

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arunblog · 3 days

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Consolidated vs. Decentralized Exchanges for Crypto Trading: A Comprehensive Guide

What Are Centralized Exchanges (CEXs)?

Advantages of Centralized Exchanges

Disadvantages of Centralized Exchanges

Security Risks Since CEXs act as custodians of user funds, they are often targets for hackers. Users must trust the platform to secure their assets, which can be risky.

Custodial Control When using a CEX, you don't control your private keys. Instead, the exchange manages them, which goes against the core principle of decentralization in cryptocurrency.

What Are Decentralized Exchanges (DEXs)?

Advantages of Decentralized Exchanges

Enhanced Security DEXs allow users to retain full control over their private keys and funds, significantly reducing the risk of hacking associated with centralized platforms.

Anonymity Many decentralized exchanges do not require users to undergo KYC (Know Your Customer) procedures, offering greater privacy for traders, especially when engaging in upcoming crypto projects.

Disadvantages of Decentralized Exchanges

Complexity DEXs are often more challenging for beginners due to their less intuitive interfaces. Users also need to be familiar with managing their own wallets and private keys.

Limited Features While DEXs are continuously evolving, they still lag behind CEXs in terms of offering advanced trading features like margin trading, limit orders, and futures contracts.

Choosing the Right Exchange for Your Needs

The Role of Cryptocurrency Research

Utilizing Cryptocurrency Information

Conclusion

Explore the Right Exchange Today

#Upcoming ICO #upcoming ido ieo #icos and idos #upcoming crypto #Upcoming IDO

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arunkblog · 3 days

Text

Consolidated vs. Decentralized Exchanges for Crypto Trading: A Comprehensive Guide

What Are Centralized Exchanges (CEXs)?

Advantages of Centralized Exchanges

Disadvantages of Centralized Exchanges

Security Risks Since CEXs act as custodians of user funds, they are often targets for hackers. Users must trust the platform to secure their assets, which can be risky.

Custodial Control When using a CEX, you don't control your private keys. Instead, the exchange manages them, which goes against the core principle of decentralization in cryptocurrency.

What Are Decentralized Exchanges (DEXs)?

Advantages of Decentralized Exchanges

Enhanced Security DEXs allow users to retain full control over their private keys and funds, significantly reducing the risk of hacking associated with centralized platforms.

Anonymity Many decentralized exchanges do not require users to undergo KYC (Know Your Customer) procedures, offering greater privacy for traders, especially when engaging in upcoming crypto projects.

Disadvantages of Decentralized Exchanges

Complexity DEXs are often more challenging for beginners due to their less intuitive interfaces. Users also need to be familiar with managing their own wallets and private keys.

Limited Features While DEXs are continuously evolving, they still lag behind CEXs in terms of offering advanced trading features like margin trading, limit orders, and futures contracts.

Choosing the Right Exchange for Your Needs

The Role of Cryptocurrency Research

Utilizing Cryptocurrency Information

Conclusion

Explore the Right Exchange Today

#upcoming ico #upcoming ido #upcoming ido ieo #icos and idos #upcoming crypto

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czlabs · 7 months

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Exploring Crypto Swap vs. Exchange: The Rise of Spider Swap and Crypto Staking Platforms

In the fast-paced world of cryptocurrency, investors are often faced with various options for trading and earning returns on their digital assets. Two popular methods are crypto swap and traditional exchanges, each offering unique benefits and functionalities. However, with the emergence of innovative platforms like Spider Swap, the landscape is evolving rapidly. In this comprehensive blog, we'll delve into the differences between crypto swap and exchange, and explore the exciting opportunities presented by Spider Swap and crypto staking platforms.

Understanding Crypto Swap and Exchange

Crypto exchanges are online platforms where users can buy, sell, and trade various cryptocurrencies. These exchanges typically offer a wide range of trading pairs and advanced trading features such as limit orders, margin trading, and more. Examples of popular crypto exchanges include Binance, Coinbase, and Kraken.

On the other hand, crypto swapping platforms allow users to exchange one cryptocurrency for another without the need for an intermediary. These platforms often offer simple and intuitive interfaces, making it easy for users to swap between different tokens quickly. Uniswap, PancakeSwap, and SushiSwap are some well-known examples of crypto swapping platforms.

Key Differences and Considerations

While both crypto exchanges and swapping platforms facilitate the trading of digital assets, there are several key differences to consider:

Liquidity: Traditional exchanges typically offer higher liquidity due to the presence of market makers and high trading volumes. On the other hand, liquidity on swapping platforms can vary depending on the trading pairs and the size of the liquidity pools.

Fees: Exchanges often charge trading fees based on the volume of trades, whereas swapping platforms may charge a small fee for transactions that contribute to liquidity provider rewards.

Control: Exchanges give users more control over their trades with advanced order types and trading tools. Swapping platforms, on the other hand, offer a more decentralized approach with automated market makers (AMMs) and liquidity pools.

Accessibility: Swapping platforms are often more accessible to beginners and users who prefer a simple and user-friendly interface. Exchanges, on the other hand, may require more knowledge and experience to navigate effectively.

Introducing Spider Swap and Crypto Staking

Spider Swap is a revolutionary crypto swapping platform that combines the best elements of traditional exchanges and swapping platforms while introducing innovative features such as crypto staking. With Spider Swap, users can easily swap between a wide range of cryptocurrencies with low fees and high-speed transactions.

One of the standout features of Spider Swap is its crypto staking platform, which allows users to earn rewards by staking their tokens in liquidity pools. By providing liquidity to the platform, users can earn a share of the trading fees and other rewards generated by the network.

Benefits of Spider Swap and Crypto Staking

Passive Income: Crypto staking allows users to earn passive income by simply holding their tokens in liquidity pools. This provides an additional revenue stream without the need for active trading.

Community Governance: Spider Swap employs a decentralized governance model, allowing token holders to participate in decision-making processes and shape the future of the platform.

Reduced Risk: By providing liquidity to the platform, users can help stabilize the market and reduce price volatility, resulting in a more stable and predictable investment environment.

Enhanced Security: Spider Swap prioritizes security and transparency, utilizing advanced encryption techniques and smart contract audits to protect user funds and ensure a secure trading environment.

In conclusion, while both crypto exchanges and swapping platforms offer unique advantages, innovative platforms like Spider Swap are pushing the boundaries of what's possible in the crypto space. With its user-friendly interface, low fees, and innovative staking features, Spider Swap is poised to revolutionize the way users trade and earn returns on their digital assets. Whether you're a seasoned trader or a newcomer to the world of cryptocurrency, Spider Swap offers something for everyone.

#crypto swap #crypto #crypto staking #spdr #cryptostaking

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mitzikernan · 1 year

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Sushiswap vs Uniswap

Are you curious about the differences between Uniswap and Sushiswap? Look no further! In the world of decentralized finance, these two platforms have made significant contributions and revolutionized the way we trade cryptocurrencies. While both Uniswap and Sushiswap share a common goal of providing decentralized exchange services, they have distinct features and offerings that set them apart. Join me on this journey as we explore the contrasting characteristics of these two leading decentralized exchanges. Uniswap, the pioneer in automated market makers (AMMs), introduced a liquidity pool model that relies on users' contributions to facilitate trades. Its algorithm, based on a constant product formula, ensures that the product of token balances in the pool remains constant. Uniswap v2 and v3 further refined the platform, introducing features like flash swaps and concentrated liquidity to mitigate impermanent loss. With a centralized governance model and a focus on providing liquidity incentives to users, Uniswap has established itself as a trusted and widely used platform in the DeFi ecosystem. On the other hand, Sushiswap emerged as a fork of Uniswap but quickly developed its own unique features and innovations. It introduced the SUSHI token, which serves both as a governance token and a revenue-sharing mechanism. Sushiswap's revenue-sharing model ensures that a portion of the trading fees goes to SUSHI token holders, incentivizing participation and creating a more community-driven platform. Moreover, Sushiswap introduced SushiBar for yield farming, Kashi for lending and borrowing, and BentoBox for asset management. These additional features have expanded the functionality of Sushiswap, offering users a wider range of options and opportunities to engage in the DeFi space. If you're eager to learn more about the differences between Uniswap and Sushiswap, their governance models, native tokens, liquidity incentives, and innovative features, keep reading! We'll delve deeper into the unique offerings of each platform, helping you understand their respective impacts on the DeFi ecosystem. So, buckle up and join me on this exploration of Uniswap and Sushiswap. By the end of this blog, you'll have a comprehensive understanding of these Best decentralized exchanges and be ready to navigate the exciting world of decentralized finance with confidence! Here's a quick chart highlighting the key differences between Sushiswap and Uniswap: FeaturesUniswapSushiswapGovernance ModelCentralizedCommunity-drivenNative TokenNoneSUSHILiquidity IncentivesTrading FeesRevenue Sharing, Onsen RewardsAdditional FeaturesFlash Swaps, Oracles (Uniswap v2 & v3)SushiBar, Kashi (Lending & Borrowing), BentoBox (Asset Management)Migration & CompetitionExperienced migration and competition from SushiswapInitial fork of Uniswap, followed by healthy competitionEcosystem & PartnershipsWell-established, with widespread adoption and partnershipsStrong ecosystem and collaborations with other DeFi projects Differences between the Uniswap and Sushiswap Decentralized finance (DeFi) has revolutionized the financial landscape by introducing a new way to trade cryptocurrencies and tokens. At the forefront of this DeFi movement are decentralized exchanges (DEXs) like Uniswap and Sushiswap. While both platforms share similarities in their underlying principles, they also have distinct features that set them apart. In this article, we will explore the key differences between Uniswap and Sushiswap, shedding light on their unique offerings and the impact they have had on the crypto space. Uniswap: The Pioneer of Automated Market Makers Uniswap, launched in 2018, can be credited with pioneering the concept of automated market makers (AMMs) in the DeFi space. Unlike traditional exchanges that rely on order books to match buyers and sellers, Uniswap utilizes a liquidity pool model. In this model, users can deposit tokens into a pool, and these pools are used to facilitate trades. This mechanism ensures liquidity and allows users to trade tokens directly from their wallets. Liquidity Provision and User Incentives One of Uniswap's standout features is its emphasis on liquidity provision. Users can become liquidity providers by depositing an equal value of two tokens into a liquidity pool. In return, they receive liquidity provider (LP) tokens that represent their share of the pool. LPs earn a portion of the trading fees generated by the pool, proportional to their share. Uniswap's Algorithm and Pricing Uniswap employs a constant product formula for its AMM algorithm, which ensures that the product of the token balances remains constant. This means that when a trade occurs, the ratio of tokens in the pool changes. As a result, the price of a token is determined by the relative balance of that token in the pool. Uniswap v2 and v3 Uniswap has undergone several iterations since its inception. Uniswap v2 introduced features such as flash swaps and oracles, which provided more functionality to the platform. However, it still suffered from impermanent loss, which occurs when the value of tokens in the liquidity pool fluctuates significantly. Uniswap v3 aimed to address this issue by introducing concentrated liquidity. Liquidity providers could now define a price range within which their funds would be allocated. This reduced their exposure to extreme price movements and helped mitigate impermanent loss. Sushiswap: The Fork with Innovations Sushiswap, launched in 2020, emerged as a fork of Uniswap. While it started as a clone, Sushiswap quickly evolved into a platform with its own unique features and a vibrant community. Let's explore what sets Sushiswap apart from its predecessor. SUSHI Token and Governance Sushiswap introduced its native governance token, SUSHI, to incentivize users to participate in the ecosystem. Holders of SUSHI can stake their tokens and earn a portion of the protocol's fees. Moreover, SUSHI token holders have voting rights to propose and decide on protocol upgrades, making it a community-driven platform. SushiSwap's Revenue Sharing Model Unlike Uniswap, Sushiswap initially implemented a revenue sharing model to attract liquidity providers. A portion of the trading fees generated on the platform was distributed to SUSHI token holders. This mechanism aimed to incentivize users to switch from Uniswap to Sushiswap and become liquidity providers. SushiBar and Onsen Sushiswap introduced SushiBar, a yield farming platform where users could stake their SUSHI tokens and earn additional rewards. Onsen was another innovation Onsen was another innovation introduced by Sushiswap. It was a program that incentivized liquidity providers by offering additional token rewards. Various tokens were selected as part of the Onsen program, and users who provided liquidity for those pairs would earn extra tokens on top of their regular trading fees. This feature helped attract liquidity to specific pools and created additional incentives for users to participate in the Sushiswap ecosystem. Kashi: Sushiswap's Lending and Borrowing Platform Sushiswap expanded its offerings beyond token swapping with the introduction of Kashi. Kashi is a lending and borrowing platform built on the Sushiswap protocol. It allows users to supply assets and earn interest or borrow assets by using their deposited collateral. This addition transformed Sushiswap into a more comprehensive DeFi platform, providing users with additional opportunities to generate yield and engage in decentralized lending. BentoBox: An Innovative Asset Management Platform BentoBox is another groundbreaking feature developed by Sushiswap. It is an asset management platform that allows users to deposit and use their assets in a variety of ways. BentoBox enables features such as flash loans, token lending, and margin trading, all within a secure and user-friendly interface. It provides flexibility and unlocks new possibilities for DeFi users, allowing them to maximize the utility of their assets. Uniswap vs. Sushiswap: A Comparative Analysis While Uniswap and Sushiswap share a similar foundation as decentralized exchanges built on the Ethereum blockchain, their differences in features and governance models have led to unique user experiences. Let's compare and contrast some key aspects of these platforms: Governance Models: Uniswap: Uniswap has a fairly centralized governance model, where decisions about upgrades and protocol changes are made by the core team. There is no native token associated with governance. Sushiswap: Sushiswap has embraced decentralization through its governance token, SUSHI. Token holders can propose and vote on protocol upgrades, making it a more community-driven platform. Tokenomics: Uniswap: Uniswap does not have a native governance token. The platform's fees are distributed solely to liquidity providers. Sushiswap: Sushiswap introduced the SUSHI token, which serves both as a governance token and a revenue-sharing mechanism. Token holders can stake their SUSHI tokens and earn a portion of the protocol's fees. Liquidity Incentives: Uniswap: Uniswap initially relied solely on trading fees as incentives for liquidity providers. However, it later introduced UNI token rewards for liquidity providers in certain pools. Sushiswap: Sushiswap implemented a revenue-sharing model, where a portion of the trading fees was distributed to SUSHI token holders. It also introduced additional token rewards through programs like Onsen to incentivize liquidity providers further. Product Innovation: Uniswap: Uniswap has been focused on refining its AMM algorithm and introducing new features with each iteration. Uniswap v3 introduced concentrated liquidity to mitigate impermanent loss. Sushiswap: Sushiswap has been more aggressive in terms of product innovation. It introduced SushiBar for yield farming, Kashi for lending and borrowing, and BentoBox for asset management. These additions expanded the functionality of the platform and provided users with a wider range of options. Community and Branding: Uniswap: Uniswap has established itself as the pioneering DEX and enjoys a significant user base. It has garnered trust and recognition as a reliable platform in the DeFi space. Sushiswap: Sushiswap's community-focused approach and unique features Sushiswap's community-focused approach and unique features have helped it cultivate a dedicated following. The platform's branding, centered around the SUSHI token and the sushi-themed aesthetic, has resonated with users and created a distinct identity for Sushiswap within the DeFi community. Migration and Competition: Uniswap: Sushiswap was initially launched as a fork of Uniswap, aiming to attract liquidity providers by offering additional incentives. This led to a migration of liquidity from Uniswap to Sushiswap. However, Uniswap responded by introducing its own incentives and features, such as UNI token rewards and the introduction of Uniswap v3, to regain liquidity and remain competitive. Sushiswap: Sushiswap's successful migration of liquidity from Uniswap to its platform showcased the power of community-driven initiatives and incentivized liquidity provision. However, as Uniswap adapted and introduced its own improvements, the competition between the two platforms has become more balanced, with each platform attracting its own user base. Ecosystem and Partnerships: Uniswap: Uniswap has established itself as a cornerstone of the DeFi ecosystem, attracting integrations with various projects and protocols. Its popularity and first-mover advantage have led to widespread adoption and partnerships with other platforms in the space. Sushiswap: Sushiswap has also managed to build a strong ecosystem around its platform. It has formed partnerships and collaborations with other DeFi projects, allowing for cross-platform integrations and the development of innovative products and services. Conclusion Uniswap and Sushiswap, both being decentralized exchanges, have made significant contributions to the DeFi landscape. Uniswap's pioneering introduction of AMMs and its subsequent iterations have laid the foundation for decentralized trading. Sushiswap, on the other hand, started as a fork but quickly evolved into a unique platform with its own innovations and a dedicated community. While Uniswap remains a trusted and widely used platform, Sushiswap has differentiated itself through its governance token, revenue-sharing model, and innovative features such as SushiBar, Kashi, and BentoBox. These additions have expanded the functionality of the platform and created new opportunities for users to engage in yield farming, lending, borrowing, and asset management. Ultimately, the choice between Uniswap and Sushiswap depends on individual preferences, the desired features, and the level of community engagement one seeks. As the DeFi landscape continues to evolve, it will be exciting to see how both platforms adapt and innovate to meet the ever-changing needs of decentralized finance users. FAQs What is the main difference between Uniswap and Sushiswap? The main difference lies in their governance models and unique features. Uniswap has a centralized governance model, where decisions are made by the core team. On the other hand, Sushiswap has a community-driven governance model through its native token, SUSHI, allowing token holders to propose and vote on protocol upgrades. Additionally, Sushiswap introduced innovative features like revenue-sharing through SUSHI token rewards, SushiBar for yield farming, Kashi for lending and borrowing, and BentoBox for asset management. Do Uniswap and Sushiswap have native tokens? Uniswap does not have a native token associated with its governance model. However, Sushiswap introduced the SUSHI token, which serves both as a governance token and a revenue-sharing mechanism. SUSHI token holders can stake their tokens and earn a portion of the protocol's fees. How do Uniswap and Sushiswap incentivize liquidity providers? Uniswap primarily incentivizes liquidity providers through a portion of the trading fees generated by the liquidity pools. Sushiswap, on the other hand, introduced a revenue-sharing model where a portion of the trading fees is distributed to SUSHI token holders. Sushiswap also offers additional token rewards through programs like Onsen, which provides extra incentives for liquidity providers. What are some additional features unique to Sushiswap? Sushiswap introduced several innovative features to differentiate itself from Uniswap. SushiBar allows users to engage in yield farming by staking SUSHI tokens and earning additional rewards. Kashi is a lending and borrowing platform built on Sushiswap, providing users with opportunities to lend their assets and earn interest or borrow assets using their deposited collateral. BentoBox is an asset management platform that enables users to deposit and utilize their assets in various ways, including flash loans, token lending, and margin trading. Can you migrate liquidity between Uniswap and Sushiswap? Yes, it is possible to migrate liquidity between Uniswap and Sushiswap. In fact, Sushiswap started as a fork of Uniswap, and during its early days, it attracted liquidity from Uniswap by offering additional incentives. However, as both platforms have evolved and introduced their own improvements, the competition and liquidity migration have become more balanced. How do Uniswap and Sushiswap contribute to the DeFi ecosystem? Both Uniswap and Sushiswap play crucial roles in the DeFi ecosystem by providing decentralized exchange services and fostering liquidity provision. They enable users to trade cryptocurrencies directly from their wallets, participate in yield farming, and engage in lending and borrowing activities. Their innovations and user-centric approaches have pushed the boundaries of decentralized finance and opened up new opportunities for users to interact with digital assets in a secure and decentralized manner. Read More: - What is NFT? - Polkadot vs Solana - Proof of Work (PoW) vs Proof of Stake (PoS) - Tezos vs Solana Read the full article

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silverlineswap · 2 years

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What is wrapped Ethereum (wETH) and how does it work

Silverlineswap — Sparc Bets

wETH is an ERC-20 compatible and tradable version of ETH that can interact with other ERC-20 assets. Traders who trade on the Ethereum network are likely familiar with the ERC-20 technical standard and have traded and invested in tokens that use it. After all, its utility, transparency, and adaptability have established it as the industry standard for Ethereum-based projects.

As a result, many decentralized applications (DApps), crypto wallets, and exchanges support ERC-20 tokens natively. However, there is one issue: Ether Because Ether was created before ERC-20 was implemented as a technical standard, they do not exactly follow the same rules. So, why is wrapped ETH important? To put it simply, ERC-20 tokens can only be traded with other ERC-20 tokens, not with Ether. The Ethereum network introduced wrapped Ethereum to bridge this gap and enable the exchange of Ether for ERC-20 tokens (and vice versa) (wETH). wETH, on the other hand, is the ERC-20 tradable version of ETH.

What exactly is wrapped Ether (wETH)?

As previously stated, wETH is a wrapped version of Ether, so named because wETH is essentially Ether “wrapped” with ERC-20 token standards. Wrapped coins and tokens have the same monetary value as their underlying assets. So, is it safe to trade and invest in wrapped Ethereum? In the case of Ethereum, the answer is yes. wETH is pegged to the price of ETH at a 1:1 ratio, so they are effectively identical. The only distinction between wrapped tokens and their underlying assets is their use cases, particularly for older coins such as Bitcoin and ether. Wrapped tokens are similar to stablecoins in some ways.

Stablecoins can also be thought of as “wrapped USD,” because they have the same value as their underlying asset, the US dollar. They can also be redeemed at any time for fiat currencies. Wrapped Bitcoin is a wrapped version of Bitcoin that has the same value as Bitcoin. The same is true for other blockchains such as Fantom and Avalanche. Wrapped Ethereum tokens can be unwrapped after they have been wrapped, and the process is simple: users simply send their wETH tokens to an Ethereum network smart contract, which will then return an equal amount of ETH. Wrapped tokens address most blockchains’ interoperability issues and allow for the simple exchange of one token for another. Users cannot, for example, normally use Ether on the Bitcoin blockchain or Avalanche on the Ethereum blockchain. Wrapping allows underlying coins to be tokenized and wrapped with the token standards of a specific blockchain, allowing them to be used on that network.

What is wrapped Ethereum (wETH) and how does it work?

Unlike Ether, wETH cannot be used to pay network gas fees. However, because it is ERC-20 compatible, it can be used to expand investment and staking opportunities on DApps. wETH can also be used to buy and sell through auctions on platforms such as OpenSea.

To wrap Ether tokens, send ETH to a smart contract. In exchange, the smart contract will generate wETH. Meanwhile, ETH is locked to ensure that wETH has a reserve. When wETH is converted back into ETH, it is burned or removed from circulation. This is done to ensure that wETH is always linked to the value of ETH. wETH can also be obtained by exchanging it for other tokens on a cryptocurrency exchange such as SushiSwap or Uniswap.

So, what exactly is the purpose of wrapping Ethereum? The ultimate goal, according to WETH.io, is to update Ethereum’s codebase and make it ERC-20 compliant on its own, eventually eliminating the need to wrap Ether for interoperability. However, wETH will continue to be useful in providing liquidity to liquidity pools, as well as crypto lending and NFT trading, among other things, until then. In short, it’s not really a question of ETH vs. wETH because wrapping Ethereum is a workaround rather than a permanent solution. With the number of upgrades planned for the Ethereum network over the next few years, Ethereum appears to be getting closer to better interoperability by the day.

What is the best way to wrap Ether (ETH)?

Ether can be wrapped in a variety of ways. As previously stated, one of the most common methods is to send ETH to a smart contract. Another option is to use a cryptocurrency exchange to exchange wETH for another token.

In the sections that follow, we’ll look at three ways to generate wETH:

Using OpenSea’s wETH smart contract:

In this example, we’ll use the OpenSea platform and the wETH smart contract to convert ETH to wETH.To begin, go to the top-right corner of OpenSea and select “Wallet.” Then, next to Ethereum, click the three dots and select “Wrap.”

After that, enter the amount of ETH to be converted to wETH. Then select “Wrap ETH.” This will invoke the wETH smart contract, which will convert ETH to wETH.

A MetaMask pop-up window will appear, requesting that the user sign the transaction.

Once the wrap is finished, a confirmation message will appear.

The converted wETH will be available in the user’s OpenSea account’s wallet. The wETH will be distinguished from ETH by a pink Ethereum diamond as its logo.

Creating wETH with Uniswap

When using Uniswap, a user must first connect their wallet and select the Ethereum network.

Then, at the bottom of the field, click “Select Token” and choose wETH from the list of options.

Now, enter the amount of ETH to be converted to wETH and press the “Wrap” button.

The transaction must then be confirmed from the user’s cryptocurrency wallet. Gas fees in ETH will also be required at this stage. Once all of the details are correct and the transaction has been confirmed by the user, all that remains is for the transaction to be confirmed in the blockchain.

MetaMask is used to generate wETH.

When you open the MetaMask wallet, make sure the network is set to “Ethereum Mainnet,” then click “Swap.”

Then, in the “Swap to” field, choose wETH.

After that, enter the amount of ETH to be swapped. Then choose “Review Swap.”

A window displaying a conversion rate quote will appear. Because it involves converting ETH to wETH, the exchange rate should be 1:1. Click “Swap” to complete the transaction.

What is the best way to unwrap Ether (ETH)?

Unwrapping Ether can also be accomplished manually, for example, by interacting with a smart contract. For example, ETH can be unwrapped in the same way that it can be wrapped using OpenSea’s wETH smart contract. The only difference is that the user must click “Unwrap wETH” instead of “Wrap ETH. “The same is true for swapping wETH back to ETH, which can be accomplished with Uniswap or MetaMask. On both platforms, the process for unwrapping is essentially the same as the process for wrapping ETH described above. The only difference is that the values must be modified (from wETH to ETH).

What are the risks associated with using wrapped tokens?

One of the major disadvantages of wrapped assets has been identified by Ethereum co-creator Vitalik Buterin. The main issue with many of these wrapped assets, according to Buterin, is their sensitivity to centralization. Wrapping assets are currently not Turing-complete and cannot be automated using the Ethereum blockchain. As previously stated, wrapping is typically only performed using central programs, raising concerns about possible manipulation and abuse. Wrapped tokens are dependent on the third-party platforms that issue them, inevitably subjecting wrapped asset decisions to central entities. Buterin expressed concern about the possibility of such a mechanism undermining the blockchain industry’s core principles of decentralization and transparency.

Wrapped tokens’ future

Wrapped tokens currently allow blockchains to interact with one another. This enables a much more decentralized ecosystem in which tokens can be easily traded or exchanged across platforms. Better interoperability solutions, such as updating blockchain codebases to be compatible with each other or using bridge chains, are on the horizon. The plan for Ethereum, at least, is to gradually phase out the use of wrapped tokens like wETH in tandem with network developments. Wrapped tokens are not going away anytime soon. They will continue to play an important role in providing valuable services to those in need. Wrapped tokens, for example, can act as a stabilizing force between different blockchains by assisting in the maintenance of consistent prices between them. They can also aid in the facilitation of cross-chain atomic swaps, which are becoming increasingly popular. Wrapped tokens, on the other hand, will likely become less necessary in the long run as blockchains become more interoperable.

#silverlineswap #sparc bets #wrapped ethereum #unwrap ether #wrapped token

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bitinfonews · 3 years

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PancakeSwap (CAKE) vs Sushiswap (SUSHI)

Decentralised exchanges are platforms the place customers can conduct trades in a permissionless method with none middleman. DEX tokens are used as governance tokens and for staking. They are often as a retailer of worth. DEXs help the operations of DeFi platforms. PancakeSwap and Sushiswap are two of the preferred DEX platforms. They’re each forks of Uniswap and are additionally automated…

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coinprojects · 3 years

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New Post has been published on https://coinprojects.net/why-you-should-own-at-least-100000000-shiba-inu-tokens-shiba-inu-coin-cryptocurrency/

Why You Should Own At Least 100,000,000 Shiba Inu Tokens - Shiba Inu Coin Cryptocurrency

SHIBA Inu Token- YouTube What Is Shiba Inu Cryptocurrency?

Shiba Inu Coin was created in August 2020 by a pseudonymous developer named Ryoshi. Although Shiba Inu is branded as the QUOTE ‘Dogecoin Killer’, Ryoshi explained in his first Medium post that the project is essentially an experiment in community governance and decentralization.

Shibaswap Explained

Shibaswap is the cornerstone protocol of Shiba Inu’s upcoming ecosystem. Like some other DEXes, Shibaswap’s launch will begin with a two-week liquidity event which will incentivize liquidity providers to move their LP tokens from Uniswap and Sushiswap to Shibaswap

Shiba Inu BONE Cryptocurrency Tokenomics

BONE is an ERC-20 token on Ethereum. It is part of Shiba Inu’s upcoming ecosystem. BONE is not yet in circulation – the BONE you’ll find on CoinMarketCap and CoinGecko is related to a different dog project. It has a maximum supply of 250 million and is used for governance. It is earned by stakers and LPs

⛓Shiba Inu LEASH Cryptocurrency Tokenomics⛓

LEASH is an ERC-20 token on Ethereum. It is also part of Shiba Inu’s upcoming ecosystem

LEASH is in circulation as of April and it was initially designed to QUOTE ‘tame DOGE’ by rebasing to 1000x the price of DOGE at 6:30 UTC every day. LEASH is no longer a rebase token. It has a maximum supply of ~107k

🐶Shiba Inu SHIB Cryptocurrency Tokenomics🐶

SHIB is an ERC-20 token on Ethereum. It is the flagship token of the Shiba Inu ecosystem. SHIB had an initial supply of 1 quadrillion. 50% of this supply was sent to Ethereum founder Vitalik Buterin’s cold wallet address by Shiba Inu’s founder. He burned 80% of his holdings and donated the rest

📊Shiba Inu SHIB Cryptocurrency Price Analysis📊

SHIB will never reach a cent, much less a dollar, and that’s because its supply is so massive. This is something that the average crypto investor doesn’t seem to understand

Reaching a dollar would give SHIB a market cap of nearly 400 billion dollars, which would make it larger than Ethereum. I hate to burst your bubble, but that’s not going to happen

📅Shiba Inu Cryptocurrency Roadmap📅

To my understanding, Shibaswap will be released once Certik completes their audit of the code which should take place any day now.

The Shiba Inu community hopes to create a layer 2 blockchain for Ethereum, a stablecoin pegged to 1 cent, a DeFi ecosystem, and host annual Shibacon conferences

Which Crypto is best?

DOGE is great for people who are looking for less risk in the altcoin market while tampering their expectations. Its large market cap and position make it a great option for those who are looking for small risk vs small rewards. SHIB is a wild bet with lots of short-term opportunities. At merely 1/6th the market cap of the formed, there is a realistic chance that we see the two compete one-on-one at the peak of this bear market. Hence it offers lots of profit-making opportunities to those willing to stomach the risk involved.

#SHIB #shibainu #shibainucoin

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#Shib #ADA #Binance #BNB #BoneToken #CryptoExchange #DOGE #Dogecoin #RippleNetwork #Shiba #Shibaswap #ShibaToken #ShibToken #TradeCrypto #XRP

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cryptodailysun · 3 years

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Uniswap (UNI) vs Sushiswap (SUSHI). How To Buy [2021]

Decentralized exchanges (DEXes) are changing finance for the better. DEXes are a next-generation technology and they make the legacy financial system look like a bunch of people with fax machines and gargantuan computer monitors. Just like anything else though, there is competition. Ethereum has the best, most liquid decentralized exchanges and in this article we’ll look at UniSwap and SushiSwap…

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#Crypto Daily Sun #Cryptocurrency #Cryptocurrency News #CryptoDsilySun.com #News

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zrypto · 2 years

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cladeymoore · 4 years

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Around the Block #11: A snapshot of DeFi and two sides of the crypto regulatory spectrum

Coinbase Around the Block sheds light on key issues in the crypto space. In this edition, Justin Mart and Ryan Yi take a look at the current state of DeFi and two sides of the crypto regulatory spectrum.

A snapshot of DeFi

In the midst of a broad crypto bull market, DeFi has continued its strong rise. Beginning in summer of 2020, DeFi projects saw significant growth in Total Value Locked (TVL). Around the Block previously explored DeFi and the Yield Farming phenomenon in June 2020, but what’s happened since?

To put it simply, DeFi’s meteoric rise has continued. As we noted last time, growth is still spurred by the yield farming phenomenon. This includes a virtuous cycle: Yield farming mechanics induce participants to add capital → which increases TVL → which drives governance token valuations → which increases yield farming subsidies → which continues the cycle.

Nevertheless, true zero-to-one innovations in DeFi cannot be discounted as part of the growth story. These are things like synthetic assets (e.g. Synthetix, UMA, and Mirror), increased capital efficiency in financial products (e.g. Aave, Compound), open financial access (including flash loans and emerging remittance use cases), and composable protocols that layer DeFi projects together like Yearn, among many other things.

Total Value Locked in DeFi protocols (TVL) now stands above $25B, an incredible 2500% growth Y/Y. Similarly, the number of DeFi users has surpassed 1.2M, as defined by the number of unique addresses accessing DeFi services. Mainstream protocols like Uniswap and Compound claim 200–500K users, with most other DeFi apps between 25–50K users.

Similarly, DEX volume has continued its strong growth since July 2020. Cumulative DEX volume now surpasses most centralized exchanges, topping $10B per day in January 2021.

Volume has been driven by growth in DeFi, but also tailwinds from broader crypto bull markets and sustained traction in categories where DEXs enjoy competitive advantages. These include access to the long-tail of novel DeFi tokens; and efficient swaps between highly correlated assets (e.g. stablecoins).

However, DEXs today settle trades on the main Ethereum blockchain, and are thus subject to oppressive gas prices in periods of high demand. This drives continued interest in scaling solutions, with a notable milestone as Synthetix has launched on Optimism (a rollup-based scaling solution).

While looking at top-line metrics is encouraging, the fact remains that DeFi is moving too quickly for any single person to keep track. Here are some high level themes we find interesting:

DeFi projects are embracing composability: New DeFi projects either introduce new primitives, or bundle existing primitives to create net new products. Think of these primitives as lego bricks, 6 months ago we were designing and building single bricks. Today we are combining these bricks into cars, planes, and castles.

Composability is extending into DeFi versions of partnerships: DeFi projects are wrestling with key questions around moats, defensibility, and top-line growth. Most projects seem to embrace open community collaboration, believing communities create moats (you cannot fork a community). This exact vision initially led to the governance token and yield farming phenomenon, and today is evolving into creative partnerships and collaborations, most notable in Sushiswap’s 2021 roadmap.

Scalability is becoming a bottleneck, but solutions are coming: As the base Ethereum chain struggles under scale, several protocols are openly exploring integrations with Layer-2 networks or other blockchains. Look for significant progress in 2021, especially in Ethereum rollups.

Regulatory uncertainty impacts development: In tandem, the SEC lawsuit against Ripple and CFTC lawsuit against BitMEX demonstrate that regulatory bodies are paying close attention to crypto, and not afraid to charge the largest players in the space. It’s reasonable to expect increased attention on DeFi based projects, and this uncertainty continues to impact feature development in regulated jurisdictions.

Speaking of regulation….

Two sides of the regulatory spectrum

Over the past quarter, both FinCEN and the OCC have come out with crypto regulatory guidance. Even though both are under the purview of the US Treasury, the guidance seems to be on the opposite ends of the spectrum toward crypto friendliness.

FinCEN

FinCEN is responsible for adherence to KYC/AML laws, which are especially important for crypto exchanges (“VASPs — virtual asset service providers”) like Coinbase. Crypto exchanges are required to verify their customer’s identities (KYC) and use blockchain forensic tools to study crypto transactions in order to ensure deposits do not come from potentially illicit sources.

FinCEN recently proposed an amendment to the Bank Secrecy Act’s FBAR regulations, specific to cryptoassets and VASPs. In summary, under the new amendment, US citizens would have to report crypto holdings and transactions greater than $10K regardless of where the cryptoassets are held. To summarize, the amendment would essentially require US individuals to report crypto holdings in excess of $10K that are held in foreign accounts, and require crypto exchanges or wallets to store customer information related to any transaction above $3K, and report this information to FINCEN for any transaction above $10K.

Additionally, the public notice had a limited 15 day comment period over the U.S. holiday break, which made it potentially difficult for crypto service providers to respond.

Many crypto service providers (Coinbase, Fidelity, Square, CoinCenter, ErisX, among others) have come out with strong responses arguing against the proposed rule, highlighting (among other things) the rushed nature of the proposal and inadequate time to address questions.

Since then, the Treasury has extended the comment period, and the future remains unclear given the new administration.

OCC

The Office of the Comptroller of the Currency (OCC), an independent bureau in the Treasury with a mandate to help “charter, regulate, and supervise banks,” came out on the other end of the spectrum with recent guidance:

Federal Banks may run public blockchain infrastructure [Jan 2021]

Federal Banks may engage in stablecoins [Sept 2020]

Federal Banks may custody crypto-assets [July 2020]

With this string of positive guidance, it’s clear that national banks may now participate in the crypto economy through custody and settlement. Notably, Jan 2021 guidance which legitimizes public blockchains as settlement infrastructure, placing blockchains on par with ACH or SWIFT.

In other words, federal banks can serve as large validators on blockchains (e.g. miners), or more practically, banks may ultimately settle transactions on Bitcoin, Ethereum, or through stablecoins.

Ultimately, this is the first step in regulatory action required to bridge the crypto economy into traditional financial infrastructure. Note also that while the OCC is the federal regulator, it is not the only regulator. There will be an interplay between the interpretation of this guidance from the state vs federal level. Separately, adoption will take time — blockchains are still relatively new and lack some core features (e.g. privacy, scalability), but this is a promising development.

To their credit the Treasury has since extended the comment period, and the proposal potentially hangs in limbo with the incoming Biden administration.

Coinbase news

Coinbase acquires BisonTrails

Coinbase continues to be selected as a full service partner and custodian for institutions

Coinbase Institutional’s 2020 Year in Review

Coinbase responds to FinCEN rulemaking

Coinbase acquires Routefire

Coinbase unveils Asset Hub to streamline issuance

Coinbase is hiring in Canada

Coinbase suspends XRP trading

Retail

Global cryptocurrency market cap hits $1T

BTC reaches new all-time-high price of $40K

ETH reaches new all-time-high market cap

Coinbase hits top 30 app in App Store

Gemini Acquires Blockrize to launch BTC credit card

Robinhood to consider giving shares to users in IPO

Institutional

VanEck files BTC ETF

Crypto-friendly Gensler is nominated as head of SEC by Biden

Anchorage receives conditional approval for national crypto-bank charter from OCC

Brian Brooks steps down as Acting Head of OCC

Fireblocks launching staking service

BlockFi launches OTC services

Ecosystem

Tether adopts Hermez Ethereum Layer 2 tech

Optimism (Ethereum Layer 2 tech) launches on mainnet with Synthetix support

Brave browser integrates IPFS

Reddit partners with the Ethereum Foundation

The opinions expressed on this website are those of the authors who may be associated persons of Coinbase, Inc., or its affiliates (“Coinbase”) and who do not represent the views, opinions and positions of Coinbase. Information is provided for general educational purposes only and is not intended to constitute investment or other advice on financial products. Coinbase makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information on this website and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Unless otherwise noted, all images provided herein are the property of Coinbase.

This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

Around the Block #11: A snapshot of DeFi and two sides of the crypto regulatory spectrum was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

from Money 101 https://blog.coinbase.com/around-the-block-11-a-snapshot-of-defi-and-two-sides-of-the-crypto-regulatory-spectrum-aecf0b828ded?source=rss----c114225aeaf7---4 via http://www.rssmix.com/

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claudiocossio · 4 years

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Liderazgo dentro de las comunidades y la adopción de un producto SaaS

Todos hemos pertenecido de manera directa e indirecta a una comunidad y hemos visto las tendencias en el uso de plataformas de software. Para mí, ha sido un ir y venir en las plataformas de mensajería. En su momento WhatsApp, ahora Telegram, y aún no pruebo Signal; justo ayer gracias a la invitación de Pepe Villatoro acabo de entrar a la plataforma de Clubhouse y estoy dando mis primeros pasos ...reportaré más adelante como va.

Hay herramientas de colaboración como HipChat (RIP), Slack y Discord que ya han arropado a las comunidades online, permitiendo así eliminar las famosas Listas de Correo. Aunque para ser sincero aún estoy en la lista de OpenStreetMap México y OSGEO Barcelona, por mantenerme al tanto de lo que están haciendo las comunidades de datos abiertos.

Los individuos participan en las comunidades porque se identifican con sus miembros y comparten metas o ideales comunes. Cabe destacar que las colaboraciones y diálogos que se llevan a cabo dentro de estos grupos de individuos son custodiadas por los líderes de comunidad. Ya que de ellos depende que se vayan forjando los rituales por los que todos los miembros de la comunidad van a interactuar y fomentar actividades que beneficien al colectivo.

Este sentimiento de afinidad se debe, a que los miembros van aportando valor en cada interacción y esto a su vez incentiva que otros miembros participen, formando un círculo virtuoso donde los miembros generan valor en cada ritual de la comunidad. Esto me quedó muy claro en la colaboración de WRI, OpenstreetMap y Mapillary en República Dominicana, donde se reunieron diferentes colectivos en un mapeo participativo en Santiago de los Caballeros.

Dentro del libro La Guía Startup: Ingeniería de Comunidades, estaré compartiendo con ustedes cómo identificar comunidades para adoptar de manera orgánica el producto o servicio de una Startup (empresa). Sin embargo, debo dejar claro que no habrá una fórmula secreta para recrear los aciertos y espero tampoco mis fallos y aciertos al colaborar en proyectos como Interesante.com y Mapillary.

Alinear objetivos y crear las bases de colaboración

Los fundadores deben tener presente que una comunidad no es una audiencia, por lo cual deben acercarse con mucha humildad y respeto cuando empiezan a interactuar con miembros de una comunidad. Esto lo voy a estar repitiendo varias veces en los blog posts y en el libro, considero que es la parte más importante de poder establecer los vínculos necesarios para aportar valor a miembros de una comunidad.

Para muchos creadores de productos que están en la vanguardia de las nuevas tecnologías y ansiosos de presentarlos a miembros de una comunidad, les recomiendo tener un poco de paciencia antes de subirse al escenario. Tómense el tiempo necesario para dialogar con cada individuo que conozcan dentro de la comunidad y por más expertos que sean en la materia, muestran un sincero interés por conocer qué es lo que mueve a cada miembro, así como los objetivos que tienen como colectivo.

En el post publicado en Software Guru - Comunidad y Productos SaaS hablamos de los diferentes tipos de comunidades que existen según nos explica Jono Bacon en su libro People Powered, estas son:

Consumidor

Campeón

Colaborador

La investigación más compleja será para las comunidades de Campeones y Colaboradores, ya que tendrás que acercarte a sus miembros para entender las oportunidades para interactuar en los rituales que realizan. Pero sobre todo identificar cuáles son los líderes que fomentan e impulsan cada una de ellas y de esta manera identificar el contexto de los objetivos que tiene cada una. El trabajo de los fundadores es el de entender dónde el producto o servicio aportará valor a dicha interacción y de esta manera poder alinear los objetivos que tiene una Startup con los de la comunidad.

Para crear estas bases de colaboración debes trabajar activamente como miembro de la comunidad e ir aportando valor en cada interacción, con o sin el producto que han desarrollado. A nadie nos gusta estar colaborando con miembros que están constantemente forzando interacciones con productos o iniciativas que no tienen sentido, o no estar alineados, con el propósito por el cual se reúnen miembros de una comunidad.

Debemos entender que crear lazos con una comunidad online es arte y ciencia, tienes que tener mucha empatía con los líderes de comunidades y a la vez saber alinear la narrativa de tu producto con una comunidad; siempre basándose en los valores que representan para cada uno de sus miembros. Esto es parte de lo que los líderes cuidan mucho en el momento de aceptar nuevos miembros, sobre todo cuando la intención es fomentar el uso de un producto o servicio.

La experimentación va formar parte del proceso de adopción de un producto por parte de los miembros de una comunidad. En este sentido, el equipo fundador tiene que ser muy transparente en todas las actividades que van a realizar para colaborar o co-crear con la comunidad. Sin embargo debes de dejar muy claro cuales van a ser los límites de esta colaboración, para no dejar a interpretaciones las acciones que realizan miembros de una Startup.

Uno de los grandes aprendizajes que me dejó la colaboración entre OpenStreetMap y Mapillary, fue la creación de un manifiesto por parte del equipo fundador. Por eso considero esencial sentar las bases de colaboración mediante un documento dirigido a las comunidades, con esto los creadores plasman su visión a largo plazo del producto que desean construir y así las comunidades pueden seguirlo, ya que facilitan su consulta y lo dejan accesible para todos.

Otro gran ejemplo de un producto guiado por la comunidad es Gitlab, quienes tienen una política de apertura muy particular y que los posiciona como una empresa abierta para colaborar con cualquier organización. Mostrando la dirección con mucho detalle, compartiendo su estrategia para los siguientes 3 años.

Cabe destacar que apenas estamos en etapas tempranas del desarrollo de productos guiados por comunidad, en un reporte de CMX comparten con nosotros el estado actual de la industria de desarrollo y gestión de comunidades, que es de libre acceso en este link.

Quisiera cerrar con algunos datos del reporte:

El 41% de estos profesionales laboran en un mercado corporativo, es decir el modelo de negocio de su producto/servicio es business to business (B2B). Un ejemplo de esto sería el crecimiento de plataformas como Atlassian, Figma, Sketch e Invision.

La mayoría de las comunidades en las que colaboran y trabajan estos profesionales tienen más de 5 años, lo cual muestra que se está profesionalizando el área de comunidades dentro de las organizaciones.

Estas organizaciones (+56%) tienen como prioridad servir a una comunidad, ya que forman parte de la misión estratégica.

Más del 40% han confirmado que hay otras áreas de la organización que se están interesando por interactuar o crear una comunidad.

El número de miembros de una comunidad en su mayoría están en el rango de 1 a 999 personas; por lo que quiere decir que estamos en etapa temprana de crecimiento del área dentro de una organización.

La mayoría de los miembros son voluntarios dentro de las comunidades; aunque esto está por cambiar en los próximos 5 años y lo explicaré más a fondo en el análisis de Uniswap vs Sushiswap; que fue una batalla muy interesante entre ambas plataformas de exchange descentralizadas.

Las plataformas más populares para interactuar con una comunidad son Slack y Facebook; aunque pronto veremos cómo se empiezan a utilizar Telegram, Discord e incluso plataformas no tan conocidas como Clubhouse.

Los datos prometen un crecimiento interesante para el 2021 y espero que La Guía Startup: Ingeniería de Comunidades les apoyen en el desarrollo de productos.

Les deseo un excelente cierre del año y mucha salud para este siguiente 2021.

Por favor dejen sus comentarios y sigan el trayecto de la creación en público del libro, siguiendo el hashtag #guiastartup en redes sociales - Twitter y LinkedIn.

#guiastartup #libro #ingenieria #comunidades

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blockpaths · 4 years

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00:00 Opening with BTC prediction 01:10 Elon Musk buying BTC? 01:34 MahaDAO 02:20 Welcome shoutout to the crypto community 03:20 Webinar shoutout Secret Strategy to Crush the Market 03:46 Monday Wisdom: Dogecoin pumping. Don’t under estimate the memefication 05:45 Monday Wisdom: Elon buying BTC(?). Rebel Elon does what he does best 06:18 Monday Wisdom: Brain adapts to new prices so fast 07:40 Stimulus confirmed. Call it Airdrop 09:53 Markets overview in coingecko 10:48 Webinar shoutout Secret Strategy to Crush the Market 11:16 BTC chart – Summer is coming – prepare for parabolic moves with dumps 17:04 BTC hourly chart – Channel forming 18:17 BTC daily chart 18:34 Difference between trading and investing explained 19:05 ByBit shout out 21:32 Glassnode indicators for BTC (Entities in profit, NUPL) 22:40 Will we have another bear market in crypto? Visions on Bitcoin’s conquest 24:23 Bitcoin Treasuries overview (needs better update though!!) 25:43 Ledger hack of email/address list discussed 29:31 Bitcoin Michael Saylor Elon Musk discussion 29:56 UniSwap vs. SushiSwap fight 31:20 ALT coins – MahaDAO, Yield, The Graph 34:30 DeFi article from YIELD’ 35:35 Summarize: Summer of Bullrun is coming with life changing gains/losses 38:38 Webinar shoutout Secret Strategy to Crush the Market 38:59 Like Subscribe Bell Button All song 40:14 Christmas carol Ivan’s remix 40:40 Jingle Pants shout out 41:15 Q1:Why do we need privacy coins when we have TornadoCash 41:52 Q2:When does Bridge Mutual launch? 43:07 Q3: Will Yield be the next YFI? 43:50 Q4: Thoughts on YF-DAI? 45:05 Q5: How will ByBit and other exchanges survive with the new KYC regulations? 46:20 Q6: How many months of blockchain development training one needs to succeed and become a pro? 48:05 Q7: Will celebrities use unstoppable domains? 48:25 Q8: Why do we need a ledger hardware wallet if it can be hacked? 48:45 Q9: How to convince your dad BTC is not a ponzi? 55:15 Q10: What do you think about YFL and LinkSwap 55:40 Q11: What would be next course after the javascript course? 56:52 Q12: In your opinion is Decentraland (MANA) losing momentum? Closing thoughts 01:01:40 Programming is like lego for grown-ups

Closing thoughts on games and becoming an adult

DISCLAIMER: Trading Bitcoin is VERY risky, and 80% of traders don’t make money. Make sure that you understand these risks if you are a beginner. I only recommend crypto trading to already experienced traders!

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**Disclaimer** Please be advised that I own a diverse portfolio of cryptocurrency as I wish to remain transparent and impartial to the cryptocurrency community at all times, and therefore, the content of my media are intended FOR GENERAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.

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Good Morning Crypto

Ivan on Tech by Ivan Liljeqvist

The post BITCOIN BREAKING DOWWWN!!! VERY SERIOUS MESSAGE TO ALL HODLERS!!!! [WATCH BEFORE TUESDAY] appeared first on BLOCKPATHS.

source https://blockpaths.com/commentaries/bitcoin-breaking-dowwwn-very-serious-message-to-all-hodlers-watch-before-tuesday/

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