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Friday, July 2, 2021

Introducing Version 2 of The Perpetual Protocol – Curie

Introducing Version 2 of The Perpetual Protocol – Curie Introducing Version 2 of The Perpetual Protocol – Curie

Perpetual Protocol has just announced the release of Curie, Version 2 of the Perpetual Protocol. The launch comes only months after the launch of Perpetual Protocol Version 1. The protocol has overseen more than $19 billion in trading volumes in a short time, making the Perpetual Protocol among the top decentralized exchanges. 

Curie also honors the work of Marie Curie, whose work has established the building blocks that are utilized in different domains. Curie will feature several new scaling enhancements, flexible liquidity, and more. 

A Quick Overview 

Curie’s launch will take place on Arbitum, giving users an enhanced UX with quick, inexpensive, and reliable trading. It will also feature cross-margin collateral management. Multiple collateral types support will follow shortly. 

When it comes to liquidity, Curie will leverage Uniswap v3, and this will provide perpetual swaps with efficient, concentrated liquidity. The upgraded vAMM will mint virtual tokens, which will then be placed in the Uniswap v3 pools, providing liquidity. When it comes to traders, the vAMM will mint virtual tokens that can be used for buying and selling. 

Using Curie, users will also create perpetual markets, utilize the Uniswap and Chainlink oracles, and expand the options available to PERP stakers. 

Improved Capital Efficiency 

Perpetual Protocol v1 faced higher slippage for large trades because the liquidity was thinly spread across different price ranges. Curie solves this issue by combining the vAMM model with Uniswap v3 as the execution layer. This results in significantly improved capital efficiency. 

The approach also paves the way for further integrations due to a higher degree of composability. 

Leveraged Liquidity Provision 

Leveraged Liquidity Provision is a new class of liquidity provisioning. Makers on the Perpetual Protocol will now leverage their liquidity, apart from earning protocol fees. This will introduce a new range of Liquidity Provider strategies. 

How does this work? Makers deposit their USDC on the Perpetual Protocol; they can then instruct the clearing house to mint vUSDC with 10x leverage. The protocol can also support higher leverage. In simpler terms, users can deposit 100 USDC and can create 1000 vUSDC tokens. These can be deployed into the Uniswap v3 pools. 

Execute Trades Using v-Tokens 

There are no changes in the trading process. However, trades can be executed on Uniswap by using v-Tokens. Traders will be able to deposit USDC for trading purposes and trade 10x the amount in vUSDC tokens. 

Introducing Cross-Margin Mode 

Curie will utilize cross-margin, allowing traders to use their account balance as a common collateral pool and open multiple positions. Traders can also use multiple assets as collateral, giving them more flexibility. However, the latter functionality will be added at a later date. 

Create A Permissionless Market 

Version 2 will support Uniswap v3 TWAP and Chainlink oracles. What does this mean? Simply that if any asset has a price feed on these platforms, they can create a perpetual market for that particular asset. This update will unleash the full potential of the protocol, allowing it to trade in stocks, forex, commodities, and crypto. 

An Update On Tokenomics 

Curie will allow fees to be generated from different avenues. 

  • Transaction fees from private markets 
  • Transaction fees from public markets 
  • Insurance fund funds can be utilized in low-risk protocols. This is called Rehypothecation and will increase earnings. 

As more markets are added, these revenue streams will see significant growth, and combined with income from leveraged liquidity positioning and private market fees. Curie expects the total fees to be much higher than those of Perpetual Protocol v1. The addition of makers is also a potential revenue stream for token-holders interested in single asset LP strategies.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



* This article was originally published here

Wednesday, June 30, 2021

How to Build a Long Term Cryptocurrency Portfolio

Long term crypto investment might be a good strategy for increasing the initial capital. There are over 5,000 crypto assets on the market that can potentially make you rich. Every experienced investor knows the investment essentials: portfolio diversification, long and short-term instruments, constant market research, etc. But how can a crypto novice build a long term cryptocurrency portfolio? 

Changelly has gathered the basics of building a crypto portfolio. We are going to provide a list of the best coins and altcoins for long term investment. Here we go!

Long-Term Investment: Pros & Cons

Long-term investments mean that you are going to acquire assets with an intent to sell them later (for example, in a year). A special term was invented in 2013 that refers to holding crypto assets regardless of the market situation: hodling. It might be synonymous with long-term investment. The most significant difference between these two terms is that hodling is a belief that a particular cryptocurrency will reach the moon. In contrast, long-term investment is a strategy with many reliable facts behind it. 

Long term investment approach works perfectly with conventional investment instruments like bonds, stocks, etc. When being involved in the crypto industry, one should remember that the crypto market has a highly volatile nature. The industry is changing very rapidly, and this implies some risks: the asset you buy today can be invalid in a year. However, the same volatility factor, along with other crypto events, may dramatically change a particular asset’s value and bring considerable profit. 

Besides, holding cryptocurrency long term is less risky than day trade (especially if these are your first steps in a crypto investment). It is essential to admit that DeFi coins for yield farming probably don’t fit into a long term crypto portfolio as they require constant trader’s involvement.  

Long term crypto investment: ProsLong term crypto investment: Cons
The crypto volatility can increase the value of your crypto investments multiple timeOn the opposite, volatility might devalue long term investments 
The project behind stored cryptocurrency may become an important player on the market. An early holding of a crypto coin can bring considerable profit (like it was with BTC)Since cryptocurrencies are digital assets, there are always a threat of wallets’ and portfolio trackers’ hacks
There is no central authority over cryptocurrencies. You are the one who can control it. Crypto assets are decentralized, which means no government can inflate or deflate them Access to a wallet that stores funds can be lost (forgotten password, hack, etc.)

Building a Long Term Cryptocurrency Portfolio

Once you’ve decided to invest in cryptocurrency and hold it for a long time, some basics points should be checked.

  1. Choose a cryptocurrency you want to invest in. Do your own research about digital assets that are suitable for long term investment. Pay attention to the coin’s reputation and don’t forget to check its social networks;
  1. Research the idea behind the project. Does it offer a brand new approach to resolve blockchain issues? Perhaps, it provides a new vision on the following blockchain development? Decide whether the project has a solid base to become an industry’s standard or, in short, – does it worth your attention?
  1. Check a cryptocurrency’s market capitalization. The market cap represents a market share of a particular digital asset. The higher is the market cap, the lower are the risks for investors;
  1. Every experienced investor knows that the key to successful investment decisions is portfolio diversification. An old and irritating proverb that claims “not to put all eggs in one basket” works perfectly for long-term crypto investments. It is wise enough to purchase several crypto assets to put them in the long run. In this way, there are more chances that some of them will increase in value, thus bringing profit. 
  1. Choose a cryptocurrency portfolio tracker. There are certain tools that are tailored to provide investors with insightful information about his/her assets. Services like Cryptocompare or Cointracker give comprehensive tools to track your long-term crypto investments. However, one can keep their funds in multi-currency digital wallets. Don’t forget to choose the one that is safe and secure.

Which Cryptocurrencies to Choose 

To build a crypto portfolio, one should analyze the market to choose promising and potentially good investment options. We’ve put cryptocurrencies into several categories that help you determine your preferences in building a long-term crypto portfolio. 

Core Cryptocurrencies 

Core cryptocurrencies are the type of crypto assets that essentially are the pillars of the industry. Obviously, the first and the leading cryptocurrency (in terms of market cap and influence) is Bitcoin (BTC). Having BTC in a cryptocurrency portfolio is a rational and smart decision. 

The second place belongs to Ethereum (ETH) by right. Most decentralized applications (dApps), decentralized exchanges (DEXs), and rapidly evolving DeFi applications are built upon the Ethereum blockchain. This fact maintains ETH value making it an indispensable instrument for running a long term crypto portfolio. 

Anonymous Cryptocurrencies 

As long as the crypto industry promises to secure your identity and provides every user with transaction privacy, anonymous cryptocurrencies will be in great demand. The world of blockchain and cryptocurrencies is moving towards mass adoption. It is crucial to be prepared for the day when anonymous digital assets will be a vital part of our daily routine.  

The most well-known cryptocurrencies that ensure your privacy are Monero (XMR) and Zcash. Both of them allow for untraceable and highly encrypted transactions.

Protocol Cryptocurrencies

Many ‘bright’ projects promised to make the world a better place back to the Initial Coin Offerings (ICOs) age. Most of them are currently deactivated or announced a scam exit. However, those projects that had a breakthrough technological solution behind them managed to make it in 2020. 

Decentralized oracle network Chainlink (LINK) is a hot trend in the industry at the moment. In an attempt to bridge real-world applications with smart contracts, Chainlink continues its ascending to the top of the crypto charts. 

the list of top cryptocurrencies by market cap for long term crypto investment

Polkadot has been on the market for long enough to prove its credibility. The platform offers a solution for cross-chain transfers, scalability issues, etc. Having a DOT coin in a long term crypto portfolio might be a good idea.

Cardano (ADA) is another solid project that aims to resolve core blockchain issues like lack of scalability, transaction speed, security, and transparency. With a flawless reputation, high market capitalization, and great potential for releasing truly advanced solutions, ADA coin should be a part of the crypto portfolio strategy. 

Why do long term investment strategies include buying MIOTA? This is a very attractive asset for traders. The peculiarity of the IOTA cryptocurrency is that it operates without commissions and miners. The project developers managed to launch a fully self-sustaining and infinitely scalable network where users confirm the transactions of other users. Moreover, the project is not based on blockchain: instead, it uses the unique Tangle consensus method. 

Possessing all the main features of digital currency (decentralization, cryptographic encryption methods, lack of control by the state), NEO also has strong competitive advantages thanks to which it confidently established itself in the top currencies by total market capitalization. 

Other Cryptocurrencies

There are other altcoins that are worth your attention. Coins like Tron (TRX) and EOS (EOS) might be a nice addition to the cryptocurrency portfolio. These assets were created to sustain a proper environment within the ecosystem of their native blockchains. However, there is no need to remind you that the market situation may change within hours, not to mention long periods. Having these assets in a portfolio might be in order.  

Stellar works to accelerate payments and reduce fees on cross-border transactions. XLM is widely used by companies with multi-million capitalizations and is one of the leading cheap cryptocurrencies. The company shows a clear development uptrend. 

Litecoin is a faster version of BTC. It stands firmly in the top-10 list of the leading cryptocurrencies and intends to keep its position this way. If you are interested in purchasing LTC to keep it as a long term investment, then our Litecoin price prediction might be coming in handy.  

Another giant cryptocurrency is Bitcoin Cash. This is a truly perfect example of the fact that life after hardfork does exist. BCH is currently in the top-5 cryptocurrencies by market capitalization.

Bottom Line

As the industry provides access to more than 5,000 cryptocurrencies, one can choose any digital assets he/she likes. We want to admit that all cryptocurrencies provided in this article can be seamlessly purchased with a credit card (Visa, Mastercard), bank transfer, or Apple Pay on Changelly. Invest wisely, and may the lucky side of volatility be with you. 

Disclaimer: You’ve just read one of the author’s opinions on the Changelly blog. Here is a thing: in this article, we do not recommend or insist on buying any particular cryptocurrency. Remember that the crypto market is extremely volatile so invest in crypto on your own risks.

The post How to Build a Long Term Cryptocurrency Portfolio appeared first on Cryptocurrency News & Trading Tips – Crypto Blog by Changelly.



* This article was originally published here

Sunday, June 27, 2021

Canaan sets up bitcoin mining business in Kazakhstan

Canaan, a provider of supercomputing solutions and producer of one of the world’s first ASIC-powered bitcoin mining machine’s in 2013 is delivering on their 2021 strategic plans announced earlier this year.

The company is now driving its own crypto-mining business in Kazakhstan with its latest Avalon Miner units already in operation.

As one of the largest crypto-mining machine manufacturers, the move beyond Canaan’s existing business model is the logical next step as it enables them to optimize their revenues; as well as strengthen their inventory management and supply chain capabilities.

“We believe that our self-operated bitcoin mining business will help us improve our financial performance; as well as expand our business scope. As we integrate more industry resources into our operations, we believe this business segment will enable us to revitalize our mining machine inventory, shield us from bitcoin volatility, and ensure our inventory sufficiency during market upturns.”
– Nangeng Zhang, Chairman and CEO of Canaan

Canaan now operates bitcoin mining business in Kazakhstan

Diversification into Mining

The production and sales of mining machines have typically been closely related to the prices of their underlying cryptocurrency. Undue fluctuations in the price of bitcoin, for instance, can have the adverse impact of inducing undue volatility in the revenue streams of mining hardware providers.

Coupled with the longer-term nature of manufacturing and production processes, where lead times tend to be more stretched out, it is not uncommon for there to be a time lag between supply-side responses and changes in demand.

This often means two extremes: idling resources or overly strained capacity. The diversification into mining then, not only mitigates such operational risks but also significantly improves Canaan’s nimbleness and ability to navigate the rapidly evolving market conditions.

During a period of lull, the mining business will benefit from taking full advantage of the availability of their in-stock mining machines to be actively deployed in their mining operations at low electricity rates, thus maximizing their computing power at that time.

On the flip side, when market activity is elevated, the mining business will also benefit from putting the processing capacity of older machines in use.

The net result will be a considerable improvement in inventory planning and supply chain optimization throughout the year, and unaffected by the price of bitcoin.

Finally, the venture into bitcoin mining allows Canaan to directly accumulate bitcoin and thus has the potential for considerable upside for Canaan.

Canaan also recently announced the opening of its first overseas service center in Kazakhstan.

The post Canaan sets up bitcoin mining business in Kazakhstan appeared first on CryptoNinjas.



* This article was originally published here

Friday, June 25, 2021

Peter Brandt zaleca czujność wszystkim posiadaczom Bitcoina

Jedna z czołowych firm zajmujących się bankowością inwestycyjną, czyli Goldman Sachs ponownie zainteresowana kryptowalutami. Według ostatnich doniesień Reutersa firma na nowo uruchomiła swój ówczesny dział obrotu kryptowalutowego i już w przyszłym tygodniu wznawia realizację transakcji dla swoich klientów. Zdaniem Petera Brandta jest to niezwykle alarmująca sytuacja, z uwagi na wcześniejszy duży spadek cen BTC wynikającym z podobnego działania Goldman Sachs. Czy jest się czym martwić?

Goldman Sachs winny spadku Bitcoina w 2017?

Pierwsze uruchomienie identycznego działu w firmie Goldman Sachs miało miejsce 3 lata temu. Wtedy to cena Bitcoina spadła o około 87%, dlatego nowe doniesienia napawają niektórych posiadaczy BTC lekkim niepokojem. Warto zatem przeanalizować obecną sytuacje i poszukać analogii.

Jedna z osób, które napominają do wzmożonej czujności jest Peter Brandt. Ten znany i ceniony trader posiadający ogromne doświadczenie w handlu surowcami podzielił się ostatnio ciekawym wykresem. Zaznaczył na nim datę pierwotnego otwarcia przez Goldman Sachs wspomnianego działu. Dzień ten poprzedza nieznacznie moment załamania się rynku i sporego spadku cen Bitcoina oraz innych kryptowalut.

Sytuacja nie jest jednak do końca analogiczna a rynek nie wygląda tak samo jak jeszcze trzy lata temu. Pod koniec 2017 roku kapitalizacja BTC urosła do prawie 335 miliardów USD, przy czym dzienny wolumen wzrósł z niespełna 2 miliardów do aż 14 miliardów USD. Był to przełomowy moment a cały 7-krotny wzrost cen miał miejsce w ciągu jedynie krótkiego miesiąca. W związku z zaistniałym wzrostem rynek przeżył prawdziwe oblężenie a wiele giełd takich jak Bittrex, Binance oraz Bitfinex musiało tymczasowo wstrzymać rejestrację nowych użytkowników. Doprowadziło to do rozwoju obrotu wtórnego już istniejącymi kontami a całą giełdę opanował szał na Bitcoina.

W tej chwili sytuacja jest dużo spokojniejsza, co sprawia, że obecny cykl wzrostów napędzany jest raczej przez inwestorów instytucjonalnych niż indywidualnych. Również sam wolumen charakteryzuje się większą stabilnością i utrzymuje się na względnym poziomie około 60 miliardów USD już od dobrych kilku tygodni.

Warto także przypomnieć, że pod koniec 20017 roku uruchomiono kontrakty terminowe na Bitcoina, co również mogło być jedną z przyczyn nagłego spadku notowań tej kryptowaluty

Nie ma powodów do obaw

Obecna sytuacja na rynku kryptowalutowym niczym nie przypomina tej z 2017 roku, dlatego nie warto jest na siłę doszukiwać się jakichkolwiek analogii. Teoria Petera Brandta nie poparta jest zbyt wieloma dowodami, dlatego nie warto aż tak bardzo zaprzątać sobie głowy sytuacją, która miała miejsce jedynie raz w przeciągu długich 11 lat w historii handlu Bitcoinami.

Artykuł Peter Brandt zaleca czujność wszystkim posiadaczom Bitcoina pochodzi z serwisu CryptoDemy.



* This article was originally published here

Thursday, June 24, 2021

Chainlink wprowadza bardzo ważną aktualizację – Off-Chain Reporting

Chainlink wprowadza całkiem nową funkcję. Funkcja ta będzie istnym dobrodziejstwem dla finansów zdecentralizowanych. Aktualizacja ta ma podobno zwiększyć dziesięciokrotnie wydajność wyroczni.

Aktualizacja – Off-Chain Reporting

Chainlink właśnie ujawnił swoją aktualizację najnowszą raportowania poza samym łańcuchem (OCR lub Off-Chain Reporting), największą przebudowę sieci od czasu uruchomienia jej na Ethereum w roku 2019. Wcześniej dane te były agregowane w zasadzie na samym łańcuchu. Sprawiało to, że w obliczu obciążenia sieci rosnącego wystąpić mogły problemy z dostępem do wielu danych.

OCR to trzecia oraz najnowsza wersja klienta Chainling Core uruchomionego bezpośrednio na węzłach Chainlink. Korzyścią najbardziej bezpośrednią dla DeFi oraz jego użytkowników będzie wzrost dziesięciokrotny ilości danych rzeczywistych, które mogą zostać udostępnione chociażby dla dAppów. Chainling OCR skaluje sieci wyroczni poprzez agregację danych poza łańcuchem oraz przesyłają jedynie transakcję pojedynczą on-chain.

Według Chainlink, sama aktualizacja także obniży zużycie gazu na transakcję przeciętną w sieci Ethereum. Jest to spore dobrodziejstwo dla aplikacji DeGi, które korzystają właśnie z wyroczni Chainlink.

Dlaczego taka aktualizacja jest potrzebna?

Do tej pory, gdy węzły Chainling pobierały dane ze źródłem zewnętrznych, przenieść musiały je na łańcuch, a następnie zagregować. Kiedy każdy z węzłów wyroczni przenieść musi dane na Ethereum, powoduje to spore koszty gazu Etherem dla operatorów tychże węzłów.

Oprogramowanie Chainling ma bezpośredni charakter open source. Tym samym nie wszystkie węzły obsługiwane są przez Chainlink. Niezależnie od tego, ktokolwiek obsługuje węzeł, zużywać musi tokeny Ethereum, aby sprowadzić dane właśnie na Ethereum oraz wykonywać na nich wszelkie obliczenia. To ogranicza drastycznie ilość danych, które mogą obsłużyć węzły, szczególnie, że cena Ethereum idzie naprawdę mocno w górę.

Artykuł Chainlink wprowadza bardzo ważną aktualizację – Off-Chain Reporting pochodzi z serwisu CryptoDemy.



* This article was originally published here

Monad Offered Early Investors a $60M Exit — Almost Nobody Took It

As of Aug. 18, 2026, a review of Monad’s official announcements and Coinbase’s MON token-sale disclosure shows no public record of a $60 m...