Day: March 10, 2021

Keep and NuCypher Propose Decentralized Protocol Merger

Move over legacy M&A, on-chain protocol mergers are coming to town. Proposals for merging Keep and Nucypher are live on both projects’ forums. The projects are threshold cryptography networks, which protect information by encrypting it and then requiring a certain number of parties to decrypt it) networks. The potential merge is the first of its …

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There’s Now a Token That Tracks Trending WSB Stocks

Degenerative Finance has launched uSTONKS, a synthetic that tracks the ten most bullish Wall Street Bets stocks. The project is a collaboration between Yam Finance and UMA protocol, and is intended to function as a DeFi proxy for hype on Reddit’s WSB. Users who mint and provide liquidity during the first three weeks will receive …

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DAI Gets a Quick Bridge To Optimism

MakerDAO will soon launch a feature which may solve the biggest UX hangup of the Optimistic layer 2 (L2) scaling solution. The feature will allow users to move not only DAI, but eventually any Ethereum asset, off Optimism and to layer 1 (L1) within minutes. Considering the previous withdrawal wait period of one week, the …

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People Are Outraged About NFT Energy Consumption

The recent NFT boom is spurring concern that the environmental impact of minting these tokens might not be worth the benefits this emerging market is creating, with at least one artist canceling his NFT drop. In brief, blockchain mining is very energy intensive, and by extension, so is mining NFTs.  Both the Bitcoin and Ethereum …

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