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    Saturday, January 29, 2022

    Ethereum OpenSea Refunds $1.8M in Ethereum to Users Who Lost NFTs From 'Inactive Listing' Exploit

    Ethereum OpenSea Refunds $1.8M in Ethereum to Users Who Lost NFTs From 'Inactive Listing' Exploit


    OpenSea Refunds $1.8M in Ethereum to Users Who Lost NFTs From 'Inactive Listing' Exploit

    Posted: 28 Jan 2022 04:32 PM PST

    Officially in the 1 ETH or more club

    Posted: 28 Jan 2022 09:07 PM PST

    I'm a big fan of L1s and despite ethereums high gas fees, I love this L1 protocol. Recently joined the one ETH club. Have about two now because of these amazing sales going on right now though.

    Can't wait to see the beacon chain fully operational. Gonna suck for all my GPU miners, but for ETH to remain competitive I think they definitely need to switch to PoS.

    submitted by /u/TechieBrad
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    Can we talk about how bad onramps to layer 2 suck?

    Posted: 28 Jan 2022 03:21 PM PST

    Everyone (looking over at you Anthony Sassano and the Bankless crew) raves about layer 2. Oh, I have no doubt that it's going to change things, but can we be realistic that it absolutely sucks right now?

    I would love to try to find a way to fiat onramp to layer 2. Despite all the hype, it really doesn't seem to exist. Polygon? Crypto.com had an awesome announcement - all BS - you have to be on their "Exchange" product. Mt Pelerin's Bridge wallet? Yup, they sure did announce Arbitrum and Optimism but you sure can't buy ETH on them. Coinbase? Nothing but promises. Dharma? Oh, they got acquired by Opensea, so that's probably going away. Something, something Ramp - does that actually work? Can I set up Ramp's wallet and use my bank account or credit card to buy ETH on Arbitrum?

    Wait, what's that you say about Polygon? Yeah, it's a sidechain and I was specifically talking about layer 2. But hey, to use Polygon all you have to do is go set up a Coinbase account and then transfer to a Metamask wallet, get some MATIC and switch over to Polygon, sell the MATIC for ETH. Yeah, that's intuitive.

    submitted by /u/BlotchyBaboon
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    What affect will be had on the price when validators unlock their coins and begin to sell them?

    Posted: 28 Jan 2022 04:56 PM PST

    Around 8 million ETH are currently being staked. What type of catalyst might it be for potentially millions of ETH, roughly $25B (check my math if I'm wrong I'm eating beans), being dumped over a relatively short amount of time? What's the scale of this potential opportunity to layer in and accumulate?

    submitted by /u/ByTheHeel
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    ⟠ Latest Week in Ethereum News! PoW switch off target of June; Blockscan instant messaging; Arbitrum update lowers transaction fees

    Posted: 28 Jan 2022 08:27 PM PST

    Calling for talented blockchain developers in the EU

    Posted: 28 Jan 2022 08:13 PM PST

    Uniworld EU Hackathon 2022: The largest Blockchain Hackathon for students in the EU
    We aim to change that with the first Virtual Uniworld EU Hackathon that features over €13,000 in prizes
    A world-first, the international Uniworld Hackathon EU is a joint initiative between the Blockchaineum - A strategic hub where technology projects & companies can find answers to basic and special business challenges, and esteemed fintech company and cryptocurrency provider, Uniworld.

    This initiative is a prime opportunity for you to:
    • contribute to social good by pursuing your interests
    • ideate, build and deliver a blockchain-driven solution
    • connect with like-minded people and world-leading experts in IT

    The Uniworld Hackathon EU is open to students across the EU
    What does it mean to participate in the Uniworld Hackathon EU
    Across the two-day hackathon (February 19th 2022 - February 20th 2022), participants will have the opportunity to ideate, build and deliver a blockchain-driven solution that addresses a societal challenge to be judged by world-leading IT experts.

    THE REGISTRATION IS OPEN NOW: https://hackathon.uniworld.io

    • Website: https://hackathon.uniworld.io | https://uniworld.io | https://blockchaineum.hu
    • Github: https://github.com/uniworld-io
    • Discord: https://discord.gg/yt2PeeV6
    • Linkedin: https://www.linkedin.com/events/6885229501920477184/

    Medium: https://medium.com/uniworld-io/uniworld-eu-hackathon-2022-application-guide-the-largest-blockchain-hackathon-for-students-in-eu-efe561da7ddf?fbclid=IwAR15845YgfjFdp742NPnbBZwqetskg2TgSYPWfnHnVpxkSjuqVjcbDpFHSQ

    submitted by /u/tothanhtuan
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    Minting fees/ Gas fees buyers or seller on opensea

    Posted: 28 Jan 2022 06:44 PM PST

    So if i have a jpeg

    I go to opensea to mint it and I pay the fees

    And then when I sell it the buyer pays transaction fees?

    Is this how it works or I dont have to pay anything until the sale is made?

    submitted by /u/sophiepiatri
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    The metaverse's connection to NFTs is primarily about digital assets and how they are valued. Do you know metaverse nft project to invest in ?.. Check out some project list from crypto entruenthusiasts

    Posted: 28 Jan 2022 10:05 PM PST

    Any good Crypto poker platforms on L2?

    Posted: 28 Jan 2022 10:41 AM PST

    Hi, want to play poker on a fair platform with low fees. Just for fun. Don't want to put lots of money. Like some $200?

    submitted by /u/Ok_Guide_7500
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    How does validation work in Proof of Stake?

    Posted: 28 Jan 2022 12:29 PM PST

    I understand that in PoS there is no mining, but rather there is validators, who are selected at random, with chances varying proportionally to the size of their stake.

    The validator gets chosen at random, they validate the transactions, then these transaction gets verified by other nodes to make sure it's not fraudulent, and the original validator gets a reward. UNTIL HERE all makes sense.

    Now, how does the validation process look from a first person POV when you are staking for a cryptocurrency. Do you stake your coins, and then your computer takes care of the rest? - or do you have to manually validate transactions if you get selected? - I've always assumed it's automatic, but because videos usually touch on the risk of validators approving fraudulent transactions, I'm led to believe there must be a way to do this manually (?)

    TL;DR - If anyone could explain how the validation process looks from a first person POV from the validator's perspective, I would greatly appreciate it.

    submitted by /u/OriginalCholoman98
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    DeFi 101: Interest Rate Swaps in DeFi

    Posted: 28 Jan 2022 06:08 PM PST

    We provide over 100+ FREE crypto articles on our SubStack! :D (Link on our profile). This is not financial advice. TLDR: When it comes to fixed interest rates, it is the interest rate swap and the variable interest rate. Because of this, you can see that projects will often do the fixed interest rate and interest rate swap/market.Get smart: DeFi's current situation is yet to meet that demand, but this could be the starting point for DeFi's fixed-rate and swap-rate segment.

    General Conclusion

    Last week on the fixed interest rate, we covered zero coupon bond. The coupon is paid upfront or at maturity and divided equally per month.Another method to get a fixed interest rate is via Interest Rate Swap. That is what we will focus in this article today.

    What's Interest Rate Swap?

    Swap is a financial derivative product consisting of 2 transacting parties making a series of payments to the other in a certain period.

    As you can imagine, it is to swap the interest rate. We exchange the interest rates.E.g. I have an asset that has a changing interest rate. It pays me 3%, 2%, 3.5%, 0.17%, 4.2%. Instead, I want it to give me a consistent 2% instead.How do we do this? Via interest rate swaps.Why do we want this? Because we prefer something stable and consistent. It helps with financial management.

    Types of Swaps

    There are 4 kinds of swaps based on underlying asset properties: Currency swap, Interest rate swap, Equity swap and commodity swap.

    The interest rate swap has 2 transacting parties performing a series of interest payments to the other. Both payments are in the same currency. One party pays floating interest, the other can pay at a floating or fixed rate.Note: you only swap the interest rate. Not the asset itself.In this analysis, we focus on the interest rate swap, which has one side paid by paying the float interest rate. The other side is paid by the fixed interest rate. This also is called a Plain Vanilla Swap.

    Swap Details

    Swaps have a

    1. begin date
    2. end date
    3. interest payment period

    As a future contract, swaps do not have any party prepayment. So swaps have an initial value = 0. That means present value (PV) is the same. The date which payment occurs called settlement date and the time interval between two payments is called a payment cycle.Payments will usually occur for a short period of time, usually 1 day. This is because floating rates often change continuously, so payments will have to be made within the specified time.Each Swap is materialised by a transaction amount called estimated capital. Because Interest Rate Swaps include the payment of interest, the settlement of which is calculated by multiplying the period of the interest by the initial capital which is never paid out. Therefore, it is not called the initial capital but rather the estimated capital.

    submitted by /u/economicsdesign
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    Gas Question When Minting Tokens

    Posted: 28 Jan 2022 12:54 PM PST

    [FIRSTLY LET ME APOLOGISE THIS POST WAS BOOTED OFF OF /r/NFTs BECAUSE OF THEIR SHITTY AUTO MOD]

    Rather new to the NFT space.

    Soon I will be going in on a public sale on a very popular project that is likely to sell out in less than a minute.

    I want to higher my chances as much as possible for a successful mint in this short window.

    What should I do? A higher gas will help this I am guessing? And if so is there a way I can preset the gas so I dont have to waste time changing it to high before confirming in my MetaMask?

    Is there anything else I can do to guarantee a higher chance? Never done it, but would minting directly from the contract be at a disadvantage here?

    I need this mint badly and I appreciate all of your responses and thank you in advance!

    submitted by /u/fabtool
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    What should I do?

    Posted: 28 Jan 2022 04:27 PM PST

    I have 2 ETH just sat in a exchange (Kraken) mainly because Binance was getting kicked out of the UK at the time so I moved it there. Now I am wondering what I should do? I only realised I had it after I thought about NFTs (not expensive ones, I wanted a Star Wars trading card 😅 £3) then I needed my master key…. Blah blah blah, eventually I signed up to crypto.(com) to withdraw to my wallet, but now I need to wait another day.

    Anyway On this new exchange there is staking and it says expected 30% return? That seems very good, after 90 days that would mean I almost have 2.6ETH? But also I've heard of cold storage, I don't need access to the funds so anything is on the table. They have probably been sat still for around 5 months now.

    Anything else you think I should do/look into. Or should I do 1 of the thing listed? And if so is crypto.(com) a good place to do that?

    Thanks.

    submitted by /u/JWedge23
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    What ~cost should I expect for a NFT smart contract deployment on Ethereum blockchain?

    Posted: 28 Jan 2022 11:43 AM PST

    common hypo: 10k artworks, no whitelist/presales, no max mint, mint via website, to opensea

    Is that considered a "simple" smart contract (aka lower contract deployment fees)?

    submitted by /u/pseudologiann
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