Author: Yeek.io

16 January 2024 The EEA’s Defi Risk Assessment, Management, and Accounting Working Group (more often called the “DRAMA WG“) today released a Review Draft of its Defi Risk Guidelines discussion paper. The group invites public comment on the draft through 15 April 2024. The Review Draft is available at https://entethalliance.org/specs/drafts/defi-risks/20230116/. The discussion paper offers a guide to the risks involved in working with DeFi, and how to assess, manage, account for and mitigate them. Primarily written for DeFi Protocol Users and Protocol Investors, it is also relevant to Protocol Developers seeking to minimise the risks in their Protocol. Likewise it…

The Premier League continues to showcase an increasing number of sponsorships from gambling and cryptocurrency brands. In the 2024/25 season, 11 of the 20 clubs have gambling companies as their main shirt sponsors, while crypto-related sponsors are also playing a significant role. Despite growing debates about the ethicality of these partnerships, they remain a vital revenue source for clubs.The Role of Gambling Sponsorships in the Premier LeagueFor the 2024/25 season, betting companies have collectively spent around $179 million on sponsorship deals, making gambling the second-largest contributor to sponsorship revenues after the clothing sector. Front-of-shirt sponsorships are the primary focus, with 11…

‘Off the Grid’, a battle royale shooter, first came out as early access but quickly became one of the top-grossing free-to-play blockchain games on the Epic Games Store but there are many new things one should know about.The game takes a center approach to blockchain gaming first, bringing premium gameplay over incentivized token mechanics. Integrating blockchain into the game will complement the game and not be the main attraction.Minting in-game assets such as weapons and skins as NFTs on Avalanche’s AVAX subnet GUNZ ensures players’ ownership of those assets. This allows them to participate in secondary markets, making the items…

Yield aggregator Yearn launched its new YFI governance token on July 17, 2020, along with several new liquidity pools.Excerpt from the YFI token blog post | Source: Medium.com/iearn/Best-known at the time for its Y Curvepool, Yearn provided (and continues to provide) users with multiple ways to earn interest by contributing their capital to different pools. At the time, Yearn’s pools offered some of the highest lending rates in DeFi. Its flagship pool managed $8 million in assets and a return of over 10% APY between its inception and the YFI token launch.Yearn’s suite of products created a comprehensive system for lending…

Coinbase has announced that it will add support for dog-themed meme coin project FLOKI. FLOKI (FLOKI) is currently the world’s 6th largest meme coin by market cap at $2.3 billion and trades on centralized exchanges such as Binance and Bybit. On Nov. 20, the largest U.S.-based CEX platform Coinbase announced it will list FLOKI for trading. Coinbase added FLOKI to its listing roadmap last week, with price of the meme coin rising 14% amid market reaction to the news. The latest announcement is that trading support for the token will open at or after 9 am Pacific Time on November…

Quick take: Three former Robinhood employees Yuchen Jiang, Kevin Lin and Chen Chen teamed up to start building OpenLayer in 2023. OpenLayer enables users to earn points by contributing and validating data via a Chrome extension. App developers can then access the data and use it for training AI models and user targeting among other features upon receiving consent from users. OpenLayer, a Web3 startup founded by former Robinhood employees has raised $5 million in a seed round backed by a16z Crypto Startup Accelerator (CSX), Geometry, IOSG Ventures, Spartan Group and LongHash Ventures. The fundraising also attracted participation from undisclosed…

Ethereum Classic’s price movement has turned heads with its upward momentum, gaining over 10% in a day. This surge has brought the ETC token close to its critical zone of $35, raising concerns about whether it will surpass this region or fall back. Similarly, Bitcoin Cash has also seen impressive growth, with over 32% monthly surge attributed to Bitcoin’s recent price momentum. Lunex Network, a DeFi hybrid project, is gaining quick momentum with its recent milestones during its presale. Lunex Network Outshines Competition, Hitting Over $3.5M In Presale Revenue Lunex Network has been setting new weekly records with its explosive…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin slows, Shiba Inu eyes $0.0002, but experts predict DTX Exchange may surpass it with bigger gains. When Bitcoin surges, meme coins spike. But with Bitcoin’s uptrend slowing down, Shiba Inu (SHIB) and other top crypto projects are now in the spotlights as experts debate what directions they might take. One analyst is tipping SHIB to hit the $0.0002 mark. While that would be quite impressive, the DTX Exchange (DTX) project is contending with Shiba Inu, and experts…

Key Problems in Traditional AdvertisingHigh Costs for Developers: Companies must pay significant sums to reach their audience. Without payment, access is limited.Spam-like Ads: Many advertisements fail to match user interests, leading to wasted efforts for both advertisers and viewers.Lack of Value for Users: Traditional platforms offer minimal benefits, even though users spend significant time and energy.How Web3 Protocols Are Solving These IssuesTokenized Rewards and Data OwnershipWeb3 protocols focus on delivering value to users. For example, Layer3 co-founder Brandon Kumar explains that traditional ads don’t reward users adequately for their time. Web3 platforms address this by:Offering rewards through tokens.Using user data…

In March 2024, the Ethereum network underwent a significant upgrade with the implementation of EIP-4844, an essential part of the Dencun hardfork, aimed at bolstering Ethereum’s role as a data availability layer. This upgrade introduced “blobs” of data, dramatically enhancing the scalability of Layer 2 solutions by increasing data availability by approximately 100 times. As with any major upgrade, it’s crucial to evaluate its impact, understand its implications, and refine our approach moving forward. To that end, we launched a dedicated data collection round, inviting researchers and developers to delve into the empirical impacts of EIP-4844. The response was overwhelming,…