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    Ethereum Interesting point on Crypto..

    December 11, 2021

    Ethereum Interesting point on Crypto..

    Interesting point on Crypto..

    Posted: 10 Dec 2021 07:19 AM PST

    NFTs on ETH just got scalable! Mintable enables IMX layer 2, before Opensea, to help with gas fees.

    Posted: 10 Dec 2021 08:59 PM PST

    Vitalik and Glen Weyl on blockchain and public goods [Letter to The Economist]

    Posted: 11 Dec 2021 03:36 AM PST

    EIP1559 Implementation on Mumbai Testnet - Polygon Mumbai Testnet [next week]

    Posted: 10 Dec 2021 06:34 PM PST

    1.15 Million ETH Burned on Ethereum Network since London Hard Fork

    Posted: 10 Dec 2021 09:03 AM PST

    ⟠ Latest Week in Ethereum News!

    Posted: 10 Dec 2021 06:48 PM PST

    Easiest way for converting BUSD to ETH

    Posted: 11 Dec 2021 02:13 AM PST

    I have some BUSD on MetaMask and want to convert it to ETH. So what is the cheapest way to do it? Thanks

    submitted by /u/skalneka
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    ETH: "Use Case" and Annuities

    Posted: 11 Dec 2021 03:53 AM PST

    Ethereum Gurus, *** I realize in advance how boring talking annnuities (A-nudies is better) but I work with the Annuity data daily.

    Annuities are highly profitable for some companies, fixed and/or variable. Is there anything in the pipeline, in regard to crypto/blockchain, that will allow consumers to directly get into Annuities and bypass (at least some) of the Surrender fees and other rules that screw over the customer? The best Financial Advisors know what I am talking about but many of the best Financial Advisors are still anti-crypto/ETH so thus why I am here.

    Long post longer:

    Would Ethereum be setup to cutout the middleman when purchasing annuities, with the ETH network via smart contracts etc? (Excuse my ignorance if I asked this poorly, English is my first language but Crypto is not.)

    submitted by /u/havoknkaos55
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    The man who got me to invest in Eth. Help me identify him....

    Posted: 09 Dec 2021 11:56 PM PST

    About 3 years ago there was a youtube channel guy who talked about many topics including Ethereum. He also would delve into "conspiracies" on a number of topics that probably would get you banned or at minimum demonitized on youtube. Normally his setup was just sitting in front of the camera in his home and would wax on about the virtues of Eth. So much so that he eventually convinced me to go into crypto.

    For the life of me I can't recall who he was and I wonder what ever happened to him.

    He is Caucasian and I guess perhaps in late 30s now. Thin build with a goatee. One story that I recall was that his close friend or girlfriend was killed and it was related to him being in hiding.

    I guess his youtube channel was banned or removed due to the topics he would go into outside of Eth.

    Anyone have an idea who I may be talking about?

    EDIT: abrikos helped to find David Seaman for me. Thanks for solving this mystery.

    submitted by /u/Worry_Equivalent
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    There should be a “How to avoid scams” section in the sidebar

    Posted: 10 Dec 2021 07:07 AM PST

    When Should You Have Held? - A WebApp which shows you when you should have stopped trading.

    Posted: 10 Dec 2021 12:44 PM PST

    Link here: https://otpcd.github.io/

    Example 1 Example 2

    This WebApp takes in an Ethereum wallet address and analyzes every transaction to determine at which point would have been the best time to stop trading ERC-20 tokens based on a comparison between the portfolio value now and the hypothetical portfolio value at every transaction. The code ain't the best but it seems to be working fine for the moment.

    Just copy paste your address and hit "Let's find out"

    Currently only works with wallets that have <= 10,000 'normal' transactions.

    Unfortunately due to the limitations of the Etherscan API regarding Ether balance at any given point in time (block number), I am unable to include ETH holdings in this calculation. The Etherscan API only allows 2 API calls/second regardless of API plan tier for this particular feature, and most wallets would need 100s or 1000s of these calls.

    Enjoy.

    submitted by /u/anhksunamunHelpMe
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    Staking on Coinbase?

    Posted: 10 Dec 2021 03:45 AM PST

    Has anybody staked on coinbase and how safe is it? I'm guessing it's better to move your eth to a wallet and stake it from there but not sure about that process. Basically looking for an easy way of doing it which may not be the best but is it ok?

    submitted by /u/simask85
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    Can I stake Ethereum if I'm working in the US with a H1b visa?

    Posted: 10 Dec 2021 09:59 PM PST

    I know passive investment is allowed but I just want to double check.

    submitted by /u/hansololz
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    What’s the current schedule for moving to pos?

    Posted: 10 Dec 2021 10:57 AM PST

    The London Hard Fork Resulted in More Than 1.15 Million Ethereum Being Burned Until Today

    Posted: 10 Dec 2021 11:25 AM PST

    IMF + 10 countries simulate cyberattack on global financial system.

    Posted: 10 Dec 2021 08:09 AM PST

    Ways to make ETH passive?

    Posted: 10 Dec 2021 02:50 PM PST

    I'm fairly new still in the ecosystem of Ethereum and I was wondering Besides mining, what is some good ways to bring in ETH without having to put into much money.

    submitted by /u/MastermindTheZ
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    Looking for thoughts re: Robert Evans “Behind the Bastards” two-part take on crypto currencies…

    Posted: 10 Dec 2021 06:26 PM PST

    Title kinda says it all. I've genuinely had a great time and made a decent bit of money investing in cryptos the past few years. But (for those who've listened), Evans' podcast on crypto seems…. Spot on? What about his take on it is factually incorrect?

    submitted by /u/Alhazrid
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    Crypto 101: What is a Governance Token?

    Posted: 10 Dec 2021 05:25 PM PST

    We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice.

    ​

    TLDR:

    In short, the governance token is a step forward in the decentralisation of voting rights led by DeFi. With Governance tokens, if they only have governance functions, have no intrinsic value in themselves, but they are related to the incentives of each different protocol, so they carry other values. Their value can be seen in three main incentives: Liquidity Mining, Lending, and Staking, along with a combination of protocol-specific incentives. That is why we often see relatively valuations like PE and PS. However, governance tokens still have certain risks which affect the main purpose for which they are formed.

    General Conclusion

    Governance tokens emerged thanks to the birth of famous DeFi projects such as MakerDAO, Compound, Aave, Uniswap, etc., which have seen growth in marketcap skyrocket since DeFi Summer 2020.

    In today's article, we will discuss what governance tokens are, how they impact the DeFi space, and why they are valuable.

    What Is A Governance Token?

    A governance token is a type of token that grants voting rights to their owners in a particular protocol.

    There are currently two ways to calculate the power of voting for governance tokens: token-weighted voting (almost protocols) and time-weighted voting (e.g. Curve).

    Voting power is weighted according to the number of tokens, which means that the more governance tokens a holer holds, the more decision-making weight they have on an issue. While time-weighted voting rights give more rights to those who lock the governance token for longer.

    Off-Chain Governance

    In off-chain governance, network participants communicate outside of the network. These mechanisms can be used to grant token holders informal voting rights. Votes can signal the community to download the code change, but votes do not automatically trigger the change. If a minority disagrees, they can choose not to download the code update. This will result in two separate networks (hard fork).

    On-Chain Governance

    With on-chain governance, code changes are done automatically once voting is complete. Similar to off-chain governance, a minority can choose a minority group can choose to create a hard fork with the new changes.

    The main difference between the two governances is in the way in which participants choose to participate. The on-chain governance allows the code change to occur by majority vote, while the off-chain governance requires participants to download the code change.

    As an open-source network, each scenario presents an opportunity for the minority to create a network that works for them.

    For example, we have seen many forked platforms like Sushiswap from Uniswap, Swerve from Curve or Mirror from Synthetix. Basically, these fork platforms either compete directly with the original platform (Swerve) or go in a new direction compared to the original platform (SushiSwap, Mirror).

    Governance tokens allow holders to vote for changes in the network to which they belong. Usually, the number of tokens a person holds is proportional to the power of votes they have.

    Governance Token Impact On DeFi

    For many in the crypto space, governance tokens are a key function of the DeFi protocol that enables decentralised voting. This approach is consistent with the financial decentralisation that the system hopes to achieve.

    The principles of DeFi focus on financial democracy:

    • The ability for all users to participate; and
    • Have a voice in a monetary system that works in favor of the majority.

    Looking back in history, we have seen a change in governance in protocols like MakerDAO and Synthetix. In March 2020 MakerDAO completed its transition to complete community governance. In the course of 2020 Synthetix launched several DAOs, with each DAO managing separate parts of the protocol created by the main developers.

    submitted by /u/economicsdesign
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    Ethereum vs. Solana Which Blockchain Has The Best DAOs

    Posted: 10 Dec 2021 08:03 PM PST

    Rollup Wars - The Daily Gwei #397

    Posted: 10 Dec 2021 06:11 AM PST

    Social media daos/ dapps

    Posted: 10 Dec 2021 08:09 AM PST

    Are there any social media daos or Dapps that will eventually compete with fb/ig/ Twitter?

    submitted by /u/Mean-Run2169
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    What's APY & APR ? Crypto 101 | Yield Farming 101

    Posted: 09 Dec 2021 04:36 PM PST

    We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice.

    ​

    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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