They also launched the @solanamobile Stack, a framework for Android that allows developers to create mobile experiences for wallets and apps on Solana.
1/ With the rollouts of Fraxswap and Fraxlend, @fraxfinance has become the first DeFi protocol to offer stablecoin, liquidity, and lending services under one umbrella on #Ethereum.
Let's see how Frax is leveraging full-stack control to support the $FRAX stablecoin. 🧵
2/ $FRAX is a partially collateralized algorithmic stablecoin backed by $USDC and $FXS, the protocol’s native governance token.
While the minting and redemption value is held constant, the proportion of $USDC to $FXS backing $FRAX depends on its dynamic collateral ratio.
3/ Frax V1 solidified the idea of an Algorithmic Market Operations (AMOs) controller that could serve as the protocol’s base stability mechanism.
Building on this, Frax V2 introduced a set of generalized AMOs to carry out arbitrary $FRAX monetary policy on the open market.
At a very high-level Swell operates quite differently from other Ethereum liquid staking protocols.
3/ @swellnetworkio's node operator set is represented by two groups, verified and independent operators.
Node operators will set their commission rate, the amount of additional yield sent to their Swell fee pool, and how their returns are displayed, creating an open marketplace.
1/ With less than seven days until the Merge, crypto natives and protocols are preparing.
What recent events and trends have shaped the past couple of weeks?🧵
2/ Since the unwind of #3AC and @CelsiusNetwork in June, #Ethereum liquid staking derivatives have traded on secondary markets at a material discount to the price of $ETH.
@LidoFinance's $stETH, reached a 6.6% discount during the forced selling.
3/ @solana NFTs have made a strong comeback over the last two weeks following a summer of low interest.
Daily NFT sales volume and unique buyers recently spiked back to all-time-high levels set in May.
After its crash, the team has been busy adjusting the game to improve user experience and tokenomics.
Can STEPN be fixed? Or is the game's model past saving?🧵
2/ During Q2 profits were sky-high at $122.5M. Daily active users (DAU) increased 100x.
That explosive growth was followed by an explosive decline.
DAU dropped by 80%, reducing revenue and leaving existing players with no new market participants to trade with.
3/ On top of declining demand, @Stepnofficial saw the supply of its utility token $GST overinflate.
In an effort to reduce $GST supply, @Stepnofficial has introduced additional token sinks, expanded into other ecosystems to increase demand, and reduced cheating.
1/ Last month we launched part 1 of the "bear necessities" series, evaluating trends that could catalyze the next bull market.
With the same framework in mind, let's assess the infrastructure trends that could catapult crypto out of the bear.🧵
2/ A new batch of Layer-1s seeking to solve crypto's user experience and scalability challenges.
These upstart Layer-1s are more specialized than their predecessors and can thus offer much faster execution, lower transaction costs, and specialized components.
3/ Modularity is gaining attention on both a functional basis and a chain construction basis.
Functional modularity, popularized by rollups and @CelestiaOrg, involves creating standalone chains to each handle a different core blockchain function.