The burn rate of $SHIB increased by 1700% in just one day on Feb 27 after Shibarium senior developer Shytoshi Kusama tweeted a link to the company's website.
Shibarium is an L2 network that offers increased transaction speed and security at a lower cost for the $SHIB ecosystem ($SHIB, $LEASH & $BONE).
Players can own, purchase, and sell digital assets in games and the metaverse using Shibarium.
3) Shibarium’s GAS, $BONE
$BONE is a native token paid for Shibarium's network fees and rewarded to Validators and Delegators.
$BONE must be paid in proportion to the resources needed to run a particular task, and $BONE paid is rewarded to Validators and Delegators.
4)
Validators are limited to 100 and require a minimum stake of 10K $BONE.
Additionally, $TREAT is provided to Validators and Delegators. $TREAT incentivizes liquidity pools and provides low network fees.
5) Burn Portal
Every time a transaction is made on the Shibarium network, a specific amount of $SHIB will be burned through the Burn Portal as part of the transaction's basic GAS FEE.
This implies that $SHIB might eventually turn into a deflationary token.
6) Integration with ShibaSwap, Shibarium
ShibaSwap will be integrated into the platform as part of Shibarium's mainnet, making tools and features more accessible and giving users and validators/delegators quick access to all staking and liquidity pools.
7)
ShibaSwap's daily transactions are steadily increasing, and the number of ShibaSwap's users is also constantly increasing.
8) Meme token meta driven by Shibarium
If Shibarium is successfully launched, other meme tokens will venture mark Shibarium to release games and metaverses, and are expected to expand to other chains as well.
9)
It is very likely that $SHIB will drive the price increase of meme tokens now if $DOGE was the main axis and led the rise of meme tokens in the past.
*During Shibarium's beta period, all tokens and Dapps on Shibarium now will be used for testing purposes only. So do not buy!
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1/12 Credit Suisse's #CDS premiums have soared to higher levels than during the 2008 financial crisis, fueling speculation of a crisis.
2/12 A credit default swap(CDS) premium is the rate at which an insurance policy guarantees the principal in the event of a default,
3/12 and a higher #CDS premium means that the risk of default is higher, and therefore the policy requires a higher fee. #CreditSuisse blames three events in 2021 for the rise in CDS premiums. First, around March 2021, Bill Huang's Archegos Capital collapse.
Beginning of transition from Tradiional finance to Crypto?
1/ The recent closures of several US banks due to bank runs could be an opportunity for the crypto market. As traditional finance shows its weaknesses, crypto emerges as a strong alternative.
2/ These closures highlight the importance of having a diversified portfolio that includes crypto assets. With their rising popularity, crypto assets can provide a reliable investment opportunity.
3/ The closures of Silvergate, SVB, and Signature Bank reveal that traditional banking has significant vulnerabilities. With crypto, investors have access to decentralized financial systems that are immune to bank runs and other financial risks.
Major Banks Open to Serving Crypto Clients Despite Banking Failures
1/ Despite recent banking failures, major banks like Santander, HSBC, and Deutsche Bank are still open to serving crypto clients, according to a report by Digital Currency Group (DCG)
2/ The report highlights that some banks are now more willing to engage with the crypto industry due to increased demand from clients. Banks in Asia and the Middle East are said to be particularly friendly towards crypto.
3/ Banks are offering services such as custody, trading, and lending to crypto clients, which is a positive sign for the industry's growth and adoption.
However, banks are still cautious about regulatory risks and the potential for money laundering and fraud.
1/4 The #FEVM is an implementation of the #EVM on the #Filecoin network. It allows developers to port EVM-based smart contracts onto the #FVM, where they are called actors, and is compatible with #EVM development tools such as #Hardhat, #Brownie, and #Metamask.
2/4 The #FEVM is designed to allow existing smart contract developers familiar with the #EVM ecosystem to quickly begin porting their existing applications and writing new applications on top of the #FVM.
3/4 Once Milestone 2.2 of the #FVM roadmap is complete, developers will have the option to deploy actors on either the #FEVM or native #FVM, depending on their performance requirements and tooling preferences.
1/ Andre Cronje’s ve(3,3) design is a new #DeFi token economy that combines Olympus DAO’s (3,3) design with Curve’s voting escrow token (ve). What does it mean and why is it important?
2/ Olympus DAO’s (3,3) design encourages users to stake or bond their tokens instead of selling them. This creates positive feedback loops for the token price and the protocol treasury. Staking and bonding are both rewarded with more tokens.
3/ Curve’s ve design incentivizes users to lock their tokens for long periods of time (up to 4 years!) in exchange for voting rights and trading fees. This reduces token supply and aligns the interests of token holders and liquidity providers.
1/7 #Circle, an issuer of $USDC, announced on Mar 10th that #SVB, where they held their funds, had gone bankrupt. This leaves $3.3B collateralized in $USDC locked up. Upon this news, $USDC plunged more than 10%.
2/7: However, #Circle had previously disclosed the amount of reserve it held in $USDC, and currently, only 8.2%($3.3B out of $40B) was tied up in #SVB.
3/7: By using the #FDIC recovery process as a guide, it's expected that the payout rate will be around 94%, indicating an estimated loss of approximately $200M.