ShapeShift report calls ‘staking derivatives’ a potential win-win for PoS users
The derivatives landscape offers “tantalizing” opportunities for stakers, according to Kent Barton of ShapeShift. But that doesn’t mean there aren’t risks. In a newly released report, Swiss cryptocurrency exchange ShapeShift explores the potential role of so-called “staking derivatives” in addressing some of the challenges posed by Proof-of-Stake, or PoS, protocols. Yield Unchained: Exploring Staking Derivatives shines the spotlight on existing challenges with POS protocols – namely, the opportunity cost that comes with locking up capital in a consensus mechanism. Staking derivatives, the....
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“Stablecoin experimentation is happening in real-time with billions of dollars at stake in this vast permissionless lab we call DeFi,” reads a new research report from ShapeShift. The author focuses on the rise of algorithmic stablecoins and their potential use cases. Promising innovations in DeFi have given rise to a new breed of stablecoins that have the potential to reduce volatility and promote greater decentralization, according to a new research report from ShapeShift. In its latest New Frontiers research study, ShapeShift explores the recent growth of “algorithmic stablecoins,”....
Digital currency exchange ShapeShift lost as much as $230,000 in three separate thefts over the course of a month, according to an incident report prepared by the service and obtained by CoinDesk. The report comes days after ShapeShift was taken offline following a then-undetailed security incident that resulted in the loss of funds held in the exchange’s connected wallets. ShapeShift later said that it believed the theft was an inside job. According to the report, that employee stole $130,000 from ShapeShift in mid-March. The employee, who was not identified, later sold sensitive security....
Cryptocurrency exchange platform ShapeShift.io recently added NXT - a 100% POS cryptocurrency with a market cap of around $17 million. Offering users the ease of converting between multitudes of cryptocurrencies without requiring an account, ShapeShift is now attributing the same liquidity to NXT - a step which brings this digital currency a little towards user and merchant adoption. Over time, NXT developers have offered industry with a range of new and innovative features, the 'Monetary System' being one among them. ShapeShift, who itself is considered very selective when it comes to....
Recently in a post on their blog, Shapeshift.io has warned users of various scams that are taking place on social media and attempt to lure users into depositing cryptocurrency on impostor sites such as “shapeshit.io” Shapeshift has released a detailed report to help users protect their funds and avoid falling victim to these attacks. Shapeshift.io has identified the following as the most common scam attempts on social media: Twitter accounts asking people to take surveys and then send a certain amount of bitcoin to be exchanged via twitter DMs. Twitter account asking people to send a....
If you own tokens or NFTs, dozens of people in the community might have told you about staking. They are not wrong. According to the State of Staking Q1 2021 report by Staked, more than $20 billion was paid out to investors in 2020 in staking rewards. The same report found that the average staking […]