Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegg...
Following the Terra stablecoin collapse last May, the Terra blockchain ecosystem has another stablecoin concept in the works called “Solid.” The stablecoin Solid and its white paper were revealed by a decentralized finance (defi) project, Capapult Finance, and the idea has been dubbed a “soft-pegged stablecoin” built on Terra. Terra Blockchain Ecosystem to See a New Stablecoin Called Solid Roughly five months ago, the crypto community experienced some dark days when the stablecoin terrausd (UST), now called terraclassicusd (USTC), depegged from its $1 parity.....
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In mid-May, the popular and perhaps the largest torrent tracker on the internet, The Pirate Bay, mysteriously revealed a new cryptocurrency called piratetoken (TPB). The token has seen a 20% gain in 30 days and following the quiet launch, the torrent tracker’s website explained that the new piratetoken is a soft launch for a myriad of ideas. The Mischievous Torrent Tracking Website Launches a BSC Token via Pancakeswap It seems The Pirate Bay is utilizing the Binance Smart Chain (BSC) with a new token called piratetoken (TPB). The Pirate Bay is a web portal that hosts an online index....
Developers dumping tokens and making off with the proceeds is the latest scourge to plague DeFi. The decentralized finance ecosystem has been plagued by a variety of known scams and exploits for some time, with yet another coming in the form of what is known as a “soft rug”.Those that have been dabbling in DeFi for some time will be familiar with the term “rug pull”. This generally refers to the abandoning of a project by insiders or developers who remove liquidity from pools or vaults on decentralized exchanges and disappear with the funds.A related malfeasance to plague the emerging....
Spells of Genesis, the highly-anticipated, blockchain-based mobile trading card game, has entered the soft launch phase of its development. The game’s developers, EverdreamSoft, will gather feedback from players during the soft launch to tweak the game going into the full launch. ‘Spells of Genesis’ Second EverdreamSoft Title. The soft launch marks one of the final stages in pre-launch development, which has been ongoing since EverdreamSoft closed their first successful crowdfunding campaign in summer 2015. Spells of Genesis is the second game developed by EverdreamSoft. The first, Moonga,....
In the wake of UST’s collapse, several DeFi platforms launched their own stablecoins to lasso new users and liquidity but are investors willing to take on the risk in return for 20% APY? Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dollar-pegged assets play in the crypto market.In response to the void left by UST, multiple protocols have released new stablecoin projects in an effort to attract new users and capture liquidity. Generally....
Bitcoin Core, an “open source software project that is a direct descendant of the original Bitcoin implementation”, released a statement late last week on its website. The main focus was how Bitcoin consensus rules were changed, which is typically through soft forks and hard forks. Hard forks and soft forks do virtually the same thing, so Bitcoin Core argues that soft forks are to be preferred as they do not cause the amount of harm on the Bitcoin network as a hard fork can potentially do since users can choose to upgrade to new features when they want to, or remain or the current Bitcoin....