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Humanode ,#hmnd token is the gem that we are all waiting !
Private biometrics , bookmark this !
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Announcement: Humanode Lightpaper V. 0.3 "Akagi" Release! Ever wonder what’s really different about Humanode? How Humanode confirms someone’s existence and uniqueness using private biometrics? This is your guide to obtaining a less technical overview of what Humanode aims to achieve and how it plans to do so. Read the Humanode Lightpaper V. 0.3 "Akagi" here. Got questions? Comment below.
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In the evolving landscape of decentralized finance (DeFi), Humanode is set to introduce a new staking model: Biometric-based Sybil resistant Nonlinear Liquidity Staking. With the deployment of Impossible Finance and Occam DEXes on the Humanode chain, we are elated to announce the launch of Nonlinear Liquidity Staking on Humanode. This sybil-resistant approach, powered by our biomapping technology, heralds a new era in liquidity pooling and reward distribution. Here’s a closer look at what this entails: Understanding Sybil resistant Nonlinear Liquidity Staking Traditional staking methods are directly proportional to the amount staked, often leaving smaller participants with a minimal share of the rewards. Additionally, Sybil attacks pose a significant threat to the security and integrity of decentralized systems, especially to the DeFi ecosystem. While Proof of Stake(PoS), Proof of Work (PoW), and Proof of Burn (PoB) are considered promising in deterring Sybil attacks, they are not Sybil Proof and have limitations. Humanode disrupts this imbalance with a Sybil-resistant Nonlinear Liquidity Staking model. Fundamental parameters of Nonlinear LP staking model 2. Nonlinear reward distribution: The APR for stakers is determined using a root-based formula x^(3/4), which results in a more balanced allocation of rewards across various liquidity sizes. We’re implementing a system where APR decreases gradually as the provider's share in the pool increases. Check it out from the example in this article. This encourages participation from a wide range of liquidity providers - from those with limited capital to large-scale holders, ensuring a diverse and healthy liquidity pool. 3. Pools secured by a blockchain of unique humans: Powered by over 300 unique and equal validators, Humanode ensures robust security for all staked assets thanks to one of the highest Nakamoto coefficients of 100+. https://blog.humanode.io/sybil-resistant-nonlinear-lp-staking-on-humanode-is-live/
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#hmnd token to skyrocket ! with low cap !
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Dear Humanode Community, 🎉We are Teaming up with ChainPort bridge to bring USDC and WETH to Humanode EVM.🎉 This integration will facilitate low-fee bridging of USDC and WETH from Ethereum to Humanode EVM. It will also extend HMND's availability across 18 additional chains and enable BioDeFi by introducing these stablecoins to Humanode EVM. Dive into the full article here: https://blog.humanode.io/humanode-partners-with-chainport-to-bridge-stablecoins-to-humanode-evm/ Additionally, marking this partnership, the Galxe campaign is rolled out in our 6-week Dawn of BioDeFi drive: https://galxe.com/Humanode/campaign/GCCsrUqYuT Join the journey to Sybil-resistant DeFi! Like & Retweet: https://x.com/humanode_io/status/1707364912065052992?s=20
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Calling out all the devs in Humanode Community! Interested in tackling one of blockchain's toughest challenges? The Sybil-Resistant track in Humanode's Developer Initiative Program awaits your groundbreaking DApps and smart contracts. ➡ Get all the details in our latest article:https://blog.humanode.io/building-on-the-sybil-resistant-track-in-the-humanode-dev-initiative-program/
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