Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
MarsNext
--・2k views
👉👉👉 #Astroport Effectively Migrates Staking & Governance From #terra to #Neutron Astroport, a Tera-based automated market maker (AMM) renowned for its non-custodial and decentralized liquidity, has achieved a significant milestone. In a recent announcement on X, the platform revealed its successful migration of staking & governance operations from the Terra blockchain to Neutron. This groundbreaking move marks the first-ever transfer of a protocol's governance hub from one #Blockchain to another within the Cosmos ecosystem. Astroport's Latest Migration Facilitates Staking and Governance on Neutron - This initiative underscores a new era of interchain collaboration and functionality, according to the company. Astroport provided insights into the details of this migration, indicating that xASTRO and ASTRO tokens have transitioned to TokenFactory's standard. Consequently, ASTRO has been renamed as ASTRO.cw20, while xASTRO is now identified as xASTRO.cw20. Users can now stake and participate in governance on the Neutron blockchain by converting their tokens on Astroport's swap pages. ASTRO stakers & holders are urged to take specific actions for a smooth transition to the latest tools and standards, with no liquidity pools created across chains. Token Conversion Process and Access to New Features - Token conversion is accessible on all chains except Osmosis. For Osmosis users, token bridging to supported chains is required before swapping. Stakers must first unstake their tokens to initiate the conversion process. Subsequently, they can restake by utilizing the bridge page to migrate tokens to Neutron. Introduction of vxASTRO on Neutron - Liquidity providers have the option to withdraw tokens by removing liquidity from existing pools and convert them through swaps. To reintroduce liquidity, they can add the new tokens to Astroport's exclusive on-chain ASTRO pools. Following the migration, the company plans to unveil vxASTRO on the Neutron blockchain, further enhancing its offerings & functionality. Source - blockchainreporter.net #BinanceSquareTalks

👉👉👉 #Astroport Effectively Migrates Staking & Governance From #terra to #Neutron

Astroport, a Tera-based automated market maker (AMM) renowned for its non-custodial and decentralized liquidity, has achieved a significant milestone. In a recent announcement on X, the platform revealed its successful migration of staking & governance operations from the Terra blockchain to Neutron.

This groundbreaking move marks the first-ever transfer of a protocol's governance hub from one #Blockchain to another within the Cosmos ecosystem.

Astroport's Latest Migration Facilitates Staking and Governance on Neutron

- This initiative underscores a new era of interchain collaboration and functionality, according to the company. Astroport provided insights into the details of this migration, indicating that xASTRO and ASTRO tokens have transitioned to TokenFactory's standard. Consequently, ASTRO has been renamed as ASTRO.cw20, while xASTRO is now identified as xASTRO.cw20.

Users can now stake and participate in governance on the Neutron blockchain by converting their tokens on Astroport's swap pages. ASTRO stakers & holders are urged to take specific actions for a smooth transition to the latest tools and standards, with no liquidity pools created across chains.

Token Conversion Process and Access to New Features

- Token conversion is accessible on all chains except Osmosis. For Osmosis users, token bridging to supported chains is required before swapping. Stakers must first unstake their tokens to initiate the conversion process. Subsequently, they can restake by utilizing the bridge page to migrate tokens to Neutron.

Introduction of vxASTRO on Neutron

- Liquidity providers have the option to withdraw tokens by removing liquidity from existing pools and convert them through swaps. To reintroduce liquidity, they can add the new tokens to Astroport's exclusive on-chain ASTRO pools. Following the migration, the company plans to unveil vxASTRO on the Neutron blockchain, further enhancing its offerings & functionality.

Source - blockchainreporter.net

#BinanceSquareTalks

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
MarsNext
@MarsNext

Explore More From Creator

#cardano Price Forecast: This $10M Signal Could Drive ADA above $0.50 Cardano's price surge of 15% in the initial three days of May 2024 encountered a roadblock at the psychological resistance level of $0.45. Vital market data sheds light on the prevailing sentiment among ADA traders. ADA Price Rally Meets Resistance at $0.45, Trails Market Average - The onset of May witnessed a resurgence in the #CryptoMarket , with altcoins collectively gaining $142 billion in market capitalization over the past week. - Initially, ADA experienced a robust rally of 15%, soaring from $0.42 to $0.48. However, the failure to breach the crucial $0.50 mark led to a retracement, with ADA prices settling around $0.45 at the time of writing on May 7. - ADA's monthly performance indicates a 7.7% increase, but it lags behind the TOTAL2 chart, which shows a 15% boost in the overall altcoin market for May 2024. Speculative Traders Bet on ADA Breakout with $10M Investment - Despite ADA's relative underperformance amid bullish sentiment in the altcoin market, strategic traders have been observed making bullish wagers on ADA. - Coinglass' Open Interest metric for ADA surged from $205.7 million on May 1 to $216.2 million on May 7, aligning with ADA's 7% price growth during the week. - Persistent growth in open interest during an uptrend indicates that the majority of ADA holders are increasing their bets in anticipation of amplified gains when spot prices surge. ADA Price Forecast: Aim for $0.50 Retest - Despite ADA's current price of $0.45, down 8% from the monthly peak, insights from the $10.5 million surge in open interest suggest a potential retest of $0.50 in May 2024. - Analyzing ADA's daily chart, #Bulls face strong resistance at the 20-day SMA around $0.47. Surpassing this level may lead ADA to break $0.50 for the first time since April 23. In case of a bearish reversal, the $0.43 buy wall may offer interim support, as indicated by the lower-limit Bollinger band. Source - thecryptobasic.com #BinanceSquareTalks #CryptoTrends2024 $ADA
--
💥💥💥 #Ethereum Price May Have Another Chance For A Bullish Streak: Here’s How Ethereum's price trajectory encounters a correction phase following its rejection near the $3,220 mark. A renewed bullish trend may unfold if it surmounts the obstacles at $3,055 and $3,080. The latest Ethereum price action witnessed a retracement after encountering resistance around the $3,220 level. This downturn saw ETH slipping beneath both the $3,100 mark and the 100-hourly Simple Moving Average. Notably, it tested the critical support at $3,000 before entering a consolidation phase. Presently, Ethereum is trading below $3,100, with immediate resistance looming around the $3,050 level. This aligns closely with the 23.6% Fibonacci retracement level of the recent decline from the $3,217 swing high to the $3,005 low. Furthermore, a pivotal bearish trend line is forming with resistance at $3,055 on the hourly chart of ETH/USD. The primary resistance lies near $3,080, coinciding with the 100-hourly SMA. Resistance is expected at $3,120, with a breakthrough potentially leading to bullish momentum towards $3,200. Surpassing $3,200 could target resistance levels at $3,350 and $3,500. Conversely, if Ethereum struggles to surpass the $3,055 resistance, it might resume its decline. Initial support is found at the $3,000 level, which is a crucial psychological level. Subsequently, the $2,950 zone emerges as a significant support area, followed by $2,920. A breach below $2,920 may lead to further downside pressure, with potential targets at $2,840 and $2,720 in the near term. Looking at the technical indicators, the hourly #MACD for ETH/USD indicates a weakening bearish momentum, while the hourly RSI is below the 50 level, signaling a bearish sentiment. In summary, Ethereum's ability to breach key resistance levels at $3,055 and $3,080 will determine its next directional move. Conversely, a failure to do so might prompt further downside, with $3,000 and $2,950 serving as crucial support levels. Source - newsbtc.com #CryptoNews🔒📰🚫 #cryptocurrency #BinanceSquareTalks $ETH
--
🔥🔥🔥 $DOT Price (Polkadot) Reaches Key Juncture, Is This #Bulls Trap or Correction? Polkadot (DOT) is undergoing a corrective phase after testing the $7.5 resistance against the US Dollar. To regain upward momentum, it needs to maintain support above $6.75. DOT made significant strides, reaching the $7.5 resistance level against the US Dollar. Currently, it's trading above both the $7.00 zone and the 100 simple moving average (4 hours). On the 4-hour chart of the DOT/USD pair (data sourced from Kraken), there's a short-term expanding triangle forming, indicating resistance at $7.50. If it fails to sustain above the $6.75 support, the pair might continue its decline. Polkadot's price found support above the $6.00 mark, initiating a notable upswing. It cleared several obstacles around $6.75 and even surged beyond $7.25, reaching a peak at $7.46. However, it's now experiencing a corrective phase, akin to #Ethereum and #bitcoin . The price retraced below the $7.25 support zone, dipping below the 23.6% Fib retracement level of the upward move from the $6.03 swing low to the $7.46 high. DOT stays above $7.00 and the 100 SMA (4 hours). Resistance is at $7.25 and $7.50, with a forming expanding triangle indicating resistance at $7.50 on the 4-hour chart of DOT/USD. Breaking through $7.50 could spark a strong rally, aiming for $8.00 next. Beyond that, the $8.80 level may pose significant resistance. Failure to break above $7.25 could lead to further downward pressure. The key supports are at $7.00 and the 100 SMA (4 hours), followed by $6.75 and the 50% Fib retracement level from $6.03 to $7.46. Below $6.75, the price might decline towards $6.50, then potentially to $6.10 or $6.00 Technical Indicators: - 4-Hours MACD – The MACD for DOT/USD indicates a waning bearish momentum. - 4-Hours RSI (Relative Strength Index) – The RSI for DOT/USD is currently below the 50 level. - Major Support Levels – $7.00, $6.75, and $6.50. - Major Resistance Levels – $7.25, $7.50, and $8.00. Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
--
💥💥💥 Pundit States Why #shibaInu is Greater Than #Dogecoin‬⁩ The analyst supports Shiba Inu over Dogecoin, citing three main reasons. Firstly, SHIB is listed on all major exchanges that also support Dogecoin, such as Binance, KuCoin, Coinbase, OKX, Bybit, Kraken, and Gate.io. Secondly, SHIB tends to experience significant rallies after breakouts compared to DOGE, despite having a similar market presence. Lastly, SHIB offers traders cleaner exit points, implying a more stable market condition. Rivalry Between Dogecoin and Shiba Inu - Shiba Inu, dubbed the "Dogecoin Killer," has emerged as a significant competitor to Dogecoin since its launch in August 2020. The SHIB ecosystem intensifies this rivalry with tokens like "Doge Killer" (LEASH). While both started as meme tokens, Shiba Inu has transitioned into a utility project with initiatives like Shibarium, Shiba Eternity, SHIB: The #metaverse , and Shiboshi. Additionally, Shiba Inu's development team is working on a #Layer3 privacy network. Despite fewer projects, Dogecoin garners support from figures like Elon Musk, contributing to its market cap of $22.9B, surpassing SHIB's $14.17B valuation. Dogecoin's market cap makes it the top-ranking meme coin, with DOGE trading at $0.1584 and SHIB at $0.00002404. Remember, investing in #cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research. Source - thecryptobasic.com
--
👉👉👉 Here’s How Many #shibaInu Stand in the Way of SHIB Reaching $0.000056 With the broader market poised for recovery, Shiba Inu (SHIB) aims to overcome recent losses and achieve significant price rallies. Despite April's 27.16% decline, SHIB has already risen by 7.15% this month, eyeing notable price levels. SHIB's immediate target is surpassing its yearly peak of $0.000045, with aspirations toward the $0.00005 range. However, on-chain data from IntoTheBlock suggests obstacles on its path to $0.00005. Shiba Inu Faces Resistance Below $0.00005 - IntoTheBlock's Global In/Out Money (GIOM) metric indicates minimal resistance below $0.000026, but significant hurdles lie ahead. The Fibonacci 0.5 retracement level at $0.00002721 marks the next major resistance. - Beyond $0.000026, SHIB faces three sell walls before reclaiming $0.000045 and another before reaching a new yearly high above $0.00005. The first sell wall, between $0.000026 and $0.00003, involves 115,790 addresses holding 56.37 trillion SHIB. - The second sell wall, around $0.000033, sees 140,830 wallets with 21.06 trillion SHIB. At $0.000045, a cluster of 57,960 addresses accumulated 8.44 trillion SHIB. Breaking through would propel SHIB to the yearly peak. - To establish a new peak, SHIB must breach the sell wall between $0.000045 and $0.000056, with 62,510 addresses holding 3.32 trillion SHIB. These supply walls collectively feature 78 trillion SHIB tokens, posing resistance. Current Market Sentiment - At $0.00002428, SHIB needs a 130% surge to reach $0.000056, demonstrated in late February's uptrend. Bullish momentum would require a shift in sentiment, currently leaning toward the bearish side, with the Long/Short Ratio at 0.845. However, investors withdrawing $SHIB tokens signal optimism for recovery. Remember, investing in cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research. Source - thecryptobasic.com
--

Latest News

SubQuery To Initiate Decentralized Governance
--
Starknet Announces First Batch of Projects Under Seed Grant Program
--
Chainlink Leads Real-World Asset Category Despite Recent Value Dip
--
Cryptocurrency Bull Market Cycle May Be Shorter Than Previous Ones, Says 10x Research
--
Decentralized Oracle Tellor's Token TRB Experiences Significant Market Fluctuations
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie