MakerDAO Should Use Solana’s Code to Build Its New Blockchain, Co-Founder Says
[ad_1] Some community members have already pushed back against the idea. [ad_2]
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Category: Solana
Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract
[ad_1] The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds. [ad_2]
Continue ReadingParrot Finance to Begin PRT Token Buyback on Monday, Capping Fiery Vote
[ad_1] Original investors of Parrot and PRT can expect to recover about a tenth of the value they put in. Newcomers, particularly the activist investors who pressured Parrot’s leaders for a redemption program, could make many multiples, depending on when they bought in. [ad_2]
Continue ReadingDeFi Project Parrot Puts Fate of Over $70M Treasury, PRT Token, to Vote
[ad_1] One popular way to accomplish this feat is by giving token holders a voting say in the protocol’s operations through a DAO. Indeed, Parrot sold over $80 million of its PRT “governance token” to the public in late 2021. But Parrot never set up a DAO through which PRT owners could vote on anything. […]
Continue ReadingSolana DeFi Lender MarginFi Attracts Record Growth, Airdrop Farmers
[ad_1] One token that keeps hitting the max is bSOL, the LST issued by Solana validator service SolBlaze. The 5,000 bSOL tokens currently deposited on MarginFi represent nearly 7% of all bSOL tokens in existence; even more are waiting on the sidelines, said the pseudonymous founder of SolBlaze (who goes by SolBlaze). The founder is […]
Continue ReadingStorj, Filecoin and Solana Lead First Week of July Crypto Market Gains
[ad_1] STORJ, the native token of the crypto-backed, cloud storage platform, rose 15% on the week, far outdistancing bitcoin and ether, among other digital assets. [ad_2]
Continue ReadingA Closer Look at FTX’s Most Recent Bankruptcy Documents
[ad_1] A cursory look at just those two assets for FTX (which does not include FTX US) reveals something really beyond comprehension. The identified deficit between customer payables, which are customer balances, and total assets, which are assets the bankruptcy team has located plus the amount of customer balances owed to FTX, was $1.6 billion […]
Continue ReadingMulticoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
[ad_1] Despite the massive drawdown, Multicoin’s hedge fund remains up 1,376% net of fees from its inception through 2022. As the broader crypto market rebounded from last year’s lows, Multicoin reported that the fund gained 100.9% in January 2023, bringing the fund’s inception-to-January return to 2,866%. [ad_2]
Continue ReadingSolana Will Improve Network Upgrades to Improve Stability
[ad_1] Prior to the 1.14 release, core engineers were working on fixing problems that were impacting the network’s speed and usability, such as invalid gas metering, lack of flow control for transactions, and lack of fee markets, among other more technical issues. These issues were prioritized to improve user experience. [ad_2]
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Solana Network Stumbles, On-Chain Trading Slows After ‘Forking’ Incident
[ad_1] Without a definite bug to squash, some validators began downgrading to the previous version in hopes of reviving Solana’s throughput, said the pseudonymous SolBlaze, who runs a liquid staking pool and is active in developer circles. Later, Solana employees began advocating for the downgrade, too. [ad_2]
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