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    Ethereum Something is Burning major amounts of Eth

    September 30, 2021

    Ethereum Something is Burning major amounts of Eth

    Something is Burning major amounts of Eth

    Posted: 30 Sep 2021 04:48 PM PDT

    VISA using Ethereum's Ropsten testnet to test smart contracts

    Posted: 30 Sep 2021 02:30 PM PDT

    Ethereum will replace Bitcoin as the leading crypto network, claims Polygon co-founder

    Posted: 29 Sep 2021 11:57 PM PDT

    Visa is building a Layer-2 system for stablecoin payments

    Posted: 30 Sep 2021 05:34 AM PDT

    Fed Chair Powell Says He Has ‘No Intention’ of Banning Crypto

    Posted: 30 Sep 2021 12:05 PM PDT

    TikTok launches first creator-led Ethereum-based NFT collection

    Posted: 30 Sep 2021 11:04 AM PDT

    What do you guys think about getting crypto rewards while taking a DeFi course?

    Posted: 30 Sep 2021 02:47 AM PDT

    If you take a full course about DeFi and you get rewarded with DeFi tokens while learning and practicing, would that make you more motivated to learn? If you know you'll be rewarded by NFT certificate at the end, would that motivate you to finish the course ?

    To give a bit of context, I'm currently building a DeFi educational platform at Unfate.co to help crypto hodlers learn to benefit from DeFi.

    submitted by /u/Eru_Iluvatarh
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    VISA using Ethereum's Ropsten testnet to test smart contracts

    Posted: 30 Sep 2021 06:40 PM PDT

    Gasnow to end all services October 15

    Posted: 30 Sep 2021 02:22 PM PDT

    I just seen the notification on their website.

    www.gasnow.org

    There's a post earlier on /cc saying Gasnow was restricting users from Mainland China Oct 15... Now they're ending the service for everyone.

    GasNow

    @gasnow_org

    End of Service Announcement We regret to announce that we will end all our services at 16:00 UTC+0 on the 15th of October, 2021

    including

    1. GasNow website

    2. GasNow API

    3. GasNow extension

    Thanks for your trust and goodbye

    https://twitter.com/gasnow_org/status/1443511830253498374

    Does anyone know why this happened? ..Where else it can happen? I use gasnow every day. I didn't think China was able to do this.

    submitted by /u/Giga79
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    Crypto101: What's APY & APR ? (Useful for farmers!)

    Posted: 30 Sep 2021 04:31 PM PDT

    Over 100+ crypto free articles are available on our SubStack (Link on our profile)

    TLDR:

    Understanding the two terms of APR
    and APY
    becomes even more important in DeFi today, as nearly all protocols with yield farming fields display these numbers. Knowing them well is not only for understanding and executing different strategies and calculating real profits.

    General Conclusion

    APR and APY are used in many yield farming programs in DeFi protocols. However, they are not the same thing! We, the participants in the market, are not only investing but actively receiving yields by farming and staking DeFi tokens. So these basic terms are not only important, but they are also information that helps you to invest more effectively.

    Both are related to returns. But how are they different? Why are they not interchangeable? We discuss that in today's newsletter.

    Definition

    APR stands for Annual Percentage Rate. It is the actual annual rate of return, NOT taking into account the effect of compound interest.

    APY stands for Annual Percentage Yield. It is the actual annual rate of return, taking into account the effect of compound interest.

    Who uses what? APY is better to calculate your returns on investment while APR is more common in lending.

    Quick math: which do you think is higher? APY, the one that considers compounding.

    What Are They Different?

    APR

    For example, a yield farming program offers an APR
    of 100%/yr. You use $1000 to join this program. One year later you will receive $2,000, where $1000 is the initial capital and $1000 is APR
    .

    Once you see the APR, it is possible to immediately calculate how much profit will be earned at the end of the period. This profit comes from your staking or farming, so just join at the beginning to get the result for APR interest.

    Formular

    APR = r x N

    Where:

    r: The interest rate of the year;

    N: Interest period (N = 1, means 1 year).

    APY

    APY is another way of calculating the percentage of real profit you will receive.

    What will you get if you receive profit every day from staking and you will add that to your principle and earn interest on that every day?

    If you have an APR
    of 100%/yr with getting daily profit, you have to divide APR
    by 365 days to calculate the interest received daily (0.27%). Then reinvest this interest continuously every day. The amount you get is $2,714.57, where $1000 is the initial capital and $1714.57 is APY
    .

    Assuming you participate in farming pairs on Solana's Raydium application, I also combine Step Finance to know the APR
    and APY
    of these farming pairs. Typically, I am staking $RAY on Raydium (current project APR is 35.33%), with $1,000 you farm at the beginning of the year to the end of the year, the total income will be $1,423.51.

    Formular

    APY = (1+r)^n - 1

    In which:

    r: The interest rate of the period;

    n: Interest period (n=1 means 1 day).

    Awareness

    As such, today's projects often offer 2 ratios of APR and APY to show users what the rate of return is currently available. However, some projects that give daily, 7-day interest rings directly provide APY. This has two implications:

    • First, displaying APY
      will produce a larger percentage than APR
      , making brave people feel that they will receive more profit.
    • Secondly, the APY
      interest is only true if the user reinvests (restake, refarm) continuously in the allowed period (e.g. when receiving rewards, immediately stake).

    Today we see a lot of aggregator protocols already using this ability to increase profits, continuously reinvesting within the capacity of the original protocols. This is really good if the transaction costs are not significant. Hopefully, we can find those solutions in Layer 2.

    submitted by /u/economicsdesign
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    Celestial: A Smart Contracts Verification Framework

    Posted: 30 Sep 2021 05:29 PM PDT

    Ethereum testnets: The purpose, the differences between each, and how to get testnet ETH

    Posted: 30 Sep 2021 02:39 PM PDT

    Immutable X partnering with TikTok

    Posted: 30 Sep 2021 10:14 AM PDT

    What makes Ethereum special?

    Posted: 30 Sep 2021 03:40 PM PDT

    In your opinion, what makes Ethereum stand out from the rest of the sphere?

    An explanation in a more noobie way would greatly be appreciated

    submitted by /u/RandomVanu
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    New 1inch Feature Seeks to Keep US Users Away

    Posted: 30 Sep 2021 05:50 PM PDT

    What the best way to earn a better return of my ETH... Staking, yield farming, or liquidity mining?

    Posted: 30 Sep 2021 04:14 PM PDT

    Hi, Guys I have 1 ETH that I'm never selling and I want to put it to work. I do stake but I want to learn more about yield farming and liquidity mining. What do you think is more profitable and what platform do you guys use and your experience. Please go easy on me I want to learn. We all started somewhere... Thanks guys for helping me out.

    submitted by /u/CamBam1994
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    The Truth about Defi

    Posted: 30 Sep 2021 11:08 AM PDT

    The truth about defi, is that it saved crypto.

    Unequivocally, the state of the market and the culture was an absolute mess at the crash of 2018. I recall certain developers rage quitting over the the toxicity of it. You even see the similar comments by Jackson Palmer. But so much has changed since 2017. Jackson Palmer is a cynic, and is wrong. Maybe he would have been right in 2017, but no longer. The personality disorder laden toxic community from prior, the 2 years of Bitmex continuously supressing and barting the market, is behind us. The human capital and optimisim that smart contract development and DeFI and NFT communities have brought have utterly saved this entire ecosystem.

    So we cannot let them kill crypto with this "Market Structure Investor Protection Bill" or the IRS 6050I provision that makes us all felons overnight for using DeFi. We cannot let them boomer us into oblivion and poverty, steal, regulate, and give our tech to the big banks.

    So I urge you to use our lobbying effort and being the process of weeding out anti-crypto people from congress. We must mass lobby and mass educate and introduce opposing Bills to fix this industry and protect it from these attacks. via advocacy groups like Fight For The Future @ fightfortheftr on twitter.

    BREAKING: a new #DontKillCrypto scorecard has launched. Where does your House rep stand on fixing the bad #crypto provision in the infrastructure bill? Call, email, and tweet them to demand they take a stand: (link in comment)

    submitted by /u/samdane7777
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    I just released by first Dapp, EtherCanvas! I was inspired by r/place, and wanted to bring that same creative energy to the blockchain. I hope the crypto community enjoys!

    Posted: 30 Sep 2021 06:45 AM PDT

    EtherCanvas is a Dapp running on Polygon. It is a digital canvas made up of 7056 non-fungible tokens (tiles). Tile owners are able to create their own artwork and add their updated tile to the Canvas. All of the tiles are displayed next to each other, similar to /r/place.

    It's on Polygon so fees are very low which makes it easy to interact with. Please check it out and let me know what you think!

    Dapp: https://ethercanvas.io

    submitted by /u/ColdWarCats
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    When transferring crypto to another wallet. For example coinbase to Gemini, is that a taxable transaction?

    Posted: 30 Sep 2021 10:44 AM PDT

    How has ethereum and having tokens changed your relationship with money?

    Posted: 30 Sep 2021 06:20 PM PDT

    For me I just feel empowered because of the amount of flexibility with what Ethereum allows but I still want to maintain a sound mindset with what tokenomics would be realistic rather than say a rebase token that destroys it's value within a week. (Yes I've been there and have had some dark times.)

    submitted by /u/Neurodos
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    An index of token on the Polygon Network! Excited to see what is inside this index!

    Posted: 30 Sep 2021 10:23 AM PDT

    What exciting projects are on Ethereum that are outside of DeFi?

    Posted: 30 Sep 2021 11:46 AM PDT

    I'm curious what other uses people are finding for Ethereum outside of DeFi.

    submitted by /u/reedx347
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    The Blockchain gaming trend keeps on growing with recently splinterlands topping the charts with its card trading NFT game. It currently has thousands of players battling it out for a chance to earn rewards - is the space primed to go mainstream?

    Posted: 30 Sep 2021 10:37 AM PDT

    ERC 4337: account abstraction without Ethereum protocol changes

    Posted: 30 Sep 2021 07:50 AM PDT
    Read more
    at

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