Hoo AMM Pool Launched, New Access to Increase User Yields
PRESS RELEASE. According to Hoo users who participated in AMM (Automated Market Maker) test, each liquidity pool of Hoo has listed quantitative data, such as total liquidity, 24H transaction fee, 1 day and 7 days annualized return for users’ reference. Compared to on-chain DEX providing liquidity such as Uniswap, users can operate at the Hoo website without consuming Gas fees, and the operation is faster and without worrying about security issues such as smart contract vulnerabilities and hacker attacks. At present, Hoo has opened pools of BTC/USDT, ETH/USDT, SOL/USDT,....
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The billion-dollar TVL has been driven by massive yields on the DeFi aggregation platform. The total value locked on the decentralized finance protocol Rari Capital has surged past $1 billion.The DeFi lending, borrowing, and yield generating protocol has surpassed the key milestone in TVL according to the app dashboard, and DeFiPulse confirms the all-time high TVL figure, reporting it at $1.09 billion. On Sept. 30, Cointelegraph reported that Rari’s TVL had topped $500,000 so the doubling of collateral has taken around a fortnight. (DeFi Llama meanwhile, estimates TVL at $889M but going up....
BTC China has announced it is expanding its range of digital currency services with the addition of a new mining pool and merchant payments processing. It marks another step on the company's transition from simple exchange to an integrated services platform, and reflects a recent diversification trend among Chinese digital currency businesses. The company said in a statement: "BTC China's expanded portfolio covers all aspects of the digital economy, allowing a user to mine bitcoin and litecoin in its mining pool, store it in BTC China's wallet, pay for goods through its payment gateway,....
Despite suggestions that Bitcoin mining pools are not as profitable as they used to be, the new open-source platform by China’s website for Bitcoin block statistics seems to have found a place on the list of the top ten mining pools. According to the pool distribution statistics provided by Blocktrail as at the time of writing, BTC.com launched the new platform about two weeks ago and is now at the tenth spot on the list of pools covering 2.40% of the market share, based on the past week’s record. In a chat with CoinTelegraph, Bitmain’s Nishant Sharma says the pool has been launched now....
BTC mining has evolved from CPU to GPU and finally to ASIC, setting off a hardware “arms race”. Since more advanced mining chips are introduced, the hashrate of mining rigs has been on the rise, making mining extremely difficult. Meanwhile, hashrates are centralized by big mining farms and large institutions, and retail miners now struggle to gain the right of block updating solely relying on their own hashrates. To stay in the game, more and more miners choose to join a mining pool for stable mining revenue. Before choosing one from many mining pools out there, miners should think about....
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