In an exhilarating move for the crypto trading community, Axon Finance proudly welcomes 0xCrazyEthAnt, a top-tier trader and KOL, as a brand ambassador. This collaboration marks a significant step forward for the platform and the broader crypto community.

About 0xCrazyEthAnt 

0xCrazyEthAnt has rapidly risen in the crypto community, with a following of 9.5k on Twitter (@CrazyEthAnt_). His trading skills are evident as he publicly trades on Binance, boasting an impressive 1.2M profit this year. With a daily ROI of 4.44% and a daily PNL of 6K.

Source: Binance Leaderboard (@CrazyEthAnt_)

Upon the announcement, 0xCrazyEthAnt expressed his excitement: 

"After trying out Axon Finance's private beta, I've seen firsthand the platform's potential. The insights provided are clear and valuable. My role as an ambassador isn't just a title; I use and believe in the platform. I've also brought several other traders to Axon Finance, convinced it's the next significant leap in crypto trading."

About Axon Finance

Axon Finance is an innovative trading platform at the forefront of integrating artificial intelligence (AI) with cryptocurrency trading. By employing sophisticated AI and machine learning algorithms, it offers traders insights across a vast array of cryptocurrencies. 

The collaboration with 0xCrazyEthAnt reinforces Axon's dedication to bringing the best of AI-driven insights to the global trading community. Moreover, this partnership amplifies the platform's commitment to empowering traders. 0xCrazyEthAnt's involvement in the private beta, and his continued use of Axon's signals, is a testament to the platform's capabilities.

In light of the recent partnership announcement, Rochaino, CEO and co-founder of Axon Finance, shed light on the synergy between 0xCrazyEthAnt and Axon:

"I’m thrilled to have 0xCrazyEthAnt on board as an ambassador. Since starting in crypto back in 2017, and building various successful ventures, one constant has been the complexity and noise in the crypto trading space. Therefore, I founded Axon with Nick, a hedge fund veteran who brings a wealth of AI and ML expertise, to help traders sift through this noise. The integration of a trader of 0xCrazyEthAnt’s caliber is a significant milestone as we approach the unveiling of our public beta, and this is just the beginning."

Traders worldwide will soon have the opportunity to experience results akin to those achieved by 0xCrazyEthAnt. Whether you are a casual or high-volume trader, Axon Finance is committed to elevating your trading experience. 

Join the Movement 

For those resonating with the vision and intrigued by the power of AI in crypto trading, Axon Finance is scouting for KOL ambassadors. To embark on this transformative journey and become a catalyst in the AI-driven crypto trading revolution, head to their website (AxonFinance.ai).

The future of AI-driven crypto trading is here, and you could be a pivotal part of it. 

In the ever-evolving world of cryptocurrency, staying ahead of the curve can be a daunting task. This is where Mercury Trade steps in, offering a unique solution for seasoned traders and beginners.

Mercury Trade is a platform that simplifies the process of crypto trading by utilizing the concept of auto-copying trades. It is a tool that allows users to mirror the trades of professional traders in real-time, thereby increasing their passive income. The beauty of this platform lies in its simplicity and accessibility - anyone can do it.

Copy Trading, the core feature of Mercury Trade, is a game-changer. It allows users to replicate the trades of their favorite professional traders automatically. This means they can follow the strategies of these professionals and make the same profits, without having to do any work of their own. It's like having a seasoned trader guiding their every move, making it a must-have for beginners and a time-saver for experienced traders.

The process of copy trading is pretty straightforward. Users first choose a trader based on their trading style, stats, and past performance. Next, they set an amount they'd like to invest, with the proportions calculated automatically. Finally, they click the 'Copy' button, and the app will automatically copy the trader's positions. It's as simple as it can get and doesn't require any hardcore tech or DeFi knowledge.

One of the key aspects that instills confidence in Mercury Trade is its integration with Binance, one of the world's leading exchanges. This ensures that users' trades are secured and processed through a reliable and trusted platform. Not to mention that Binance is still the CEX with the most liquidity, reducing the chances of trades failing due to slippage or other issues that can occur on other exchanges.

Mercury Trade allows users to keep 100% of the profit they make as copiers, paying only approximately $50 per month for the subscription. This stands as a significant advantage when compared to other copy trading platforms, making it a win for users.

Furthermore, Mercury Trade is continually improving its democratic approach by introducing a cross-exchange option soon. This addition will further enhance its already existing user-friendly and accessible nature, providing copiers with even more trading possibilities.

Mercury Trade is a part of the well-established and innovative Newscrypto.io, which boasts over 100,000 users. This association further adds to the credibility of Mercury Trade and offers a sense of security to its users. The team has proven itself capable of delivering a highly valued educational platform, and they have taken the next step to further serve the trading community.

In conclusion, Mercury Trade is a platform that brings a fresh perspective to the crypto trading space. It offers a simple and effective way to start a crypto journey by copying top-tier traders. Users have found the platform to be user-friendly, secure, and innovative. It's a platform that truly democratizes crypto trading, making it accessible and profitable for everyone. Whether users are seasoned traders or beginners, Mercury Trade is definitely worth exploring.

Ps. Users can vote for the next exchange, a good runner-up could be OKX, as it is the biggest one among the options and a good runner-up for Binance.

Sources:

NewsCrypto

MercuryTrade

TL;DR

Maximal Extractable Value (MEV) represents the additional profit that can be extracted from block production by including, excluding, or changing the order of transactions in a block. With the significant growth in DeFi and NFT activities on Polygon, MEV opportunities have increased. Marlin's MEV-bor, a fork of Polygon's Bor client, was introduced to address the challenges and implications of MEV in the ecosystem. By processing Flashbots bundles, MEV-bor aims to increase validator income, protect user transactions, and prioritize MEV searchers' bundles, contributing to a more secure, efficient, and equitable blockchain ecosystem for all participants.

With over 53,000 decentralized applications (dApps) and a total value locked of $1.06 billion on Polygon as of April 28, 2023 (according to DeFi Llama), the blockchain ecosystem has experienced a surge in DeFi and NFT activities. 

This increase has led to the generation of significant Maximal Extractable Value (MEV) opportunities. To address the challenges and implications of MEV with the current total extracted MEV on Polygon (excluding liquidations) reaching $45.64 million, Marlin introduced the Flashbots architecture for Polygon through MEV-bor in 2021.

 In this article, we will explore the concept of MEV, its potential consequences, and how Marlin's MEV-bor is creating a more secure, efficient, and equitable ecosystem for all participants in the Polygon network.

What is MEV?

In the world of blockchain and cryptocurrency, Maximal Extractable Value (MEV) — before the merge, known as Miner Extractable Value — refers to the maximum value that can be extracted from block production in excess of the standard block reward and gas fees by including, excluding, and changing the order of transactions in a block. The goal of MEV is to make as much additional profit as possible. Block producers are best placed to do this as they have the ability to select and order transactions.

However, other network participants (known as searchers) can also pay fees to place transactions should they see an MEV opportunity, such as arbitrage, front-running, or liquidation. Arbitrage is the process of taking advantage of price differences between different markets or exchanges, while front-running involves a party exploiting its position to conduct a transaction before others. Liquidations occur when collateralized positions in decentralized finance (DeFi) platforms become under-collateralized, allowing other users to liquidate them for a profit.

The presence of MEV can potentially lead to negative consequences, such as increased network latency and unfair advantages for certain players in the ecosystem. Various solutions and tools, like Flashbots and Marlin's MEV-bor, have been developed to address these challenges and help democratize the extraction of MEV. For more information on MEV, visit: https://academy.binance.com/en/articles/what-is-maximal-extractable-value-mev 

What is MEV-bor, and how does it work? 

Marlin, a decentralized network providing high-performance infrastructure for Web 3.0, has developed MEV-bor, a fork of Polygon's Bor client that processes Flashbots bundles based on mev-geth. This development aims to increase the income of validators, protect users' transactions from frontrunning, and prioritize MEV searchers' bundles.

Marlin's MEV-bor enables validators to process Flashbots bundles atomically, without requiring extensive gas price manipulation. Additionally, the spec guarantees that reverting bundles will not be included in the block, preventing unnecessary gas usage. Marlin also runs a private relay to protect against bundles from being disclosed or sandwiched in the public mempool.

Bor is a crucial component of the Polygon ecosystem, responsible for validating and proposing new blocks. By implementing MEV-bor, Marlin enhances the capabilities of the Bor client, making it more efficient and profitable for validators while maintaining the security and integrity of the network.

MEV searchers are network participants who actively seek MEV opportunities by analyzing and identifying profitable transactions. They submit groups of transactions called bundles to validators in hopes of having them included in a block. Bundles are essentially ordered sets of transactions designed to maximize MEV extraction for both the searchers and validators.

Looking towards the future, Marlin's upcoming Oyster update is expected to further streamline the MEV extraction process by enabling MEV searchers to establish a direct connection with the closest relay node and deploy bots within the cluster. This update is expected to enhance the efficiency of the MEV extraction process and provide a more seamless experience for users, further contributing to the growth and adoption of the Polygon network. As the ecosystem continues to evolve and mature, solutions like MEV-bor will play a crucial role in promoting fairness, security, and efficiency for all participants in the blockchain ecosystem. 

For more information on MEV, watch Supragya's (Marlin contributor) presentation on MEV extraction on Polygon & follow their socials to stay up to date!

In an exciting development for the crypto world, Deloitte Consulting AG and BOTLabs GmbH have announced the integration of KILT blockchain technology to support KYC and KYB processes. The integration of KILT Protocol will allow the issuing of reusable digital credentials that have multiple use cases, including regulatory compliance for banking and decentralized finance, age verification for e-commerce, private logins, and fundraising.

For those who are not familiar with KYC/KYB, it is a process that verifies the identity of an individual or the existence of a business. This process can be inefficient for the verifying entity and repetitive for the individual customer. In many cases, KYC/KYB certificates are paper-based, creating extra work to process, and data collection and storage of personal information across multiple platforms and databases can put consumer data privacy at risk.

Reusable KYB and KYC credentials, generated on KILT’s identity infrastructure, offer a solution to many of these challenges. Credentials are stored in the customer’s wallet on their own device, remaining under their control at all times. The customer can choose with whom they share their credential and which data points of the credential they make available.

To make it easy for customers to manage and share their credentials, Deloitte is providing a credential wallet in the form of a browser extension. Setting up a wallet is a straightforward, seamless process that doesn’t require any blockchain knowledge by the customer.

By offering reusable digital credentials anchored on the KILT blockchain, Deloitte is transforming verification processes for individuals and entities. The convenience, cost-effectiveness, and security of digital credentials have the potential to open new digital marketplaces, from e-commerce and DeFi to gaming.

The credentials are digitally signed by Deloitte, and if the conditions of the customer have changed after the credential was issued, Deloitte can revoke credentials using blockchain technology. This ensures the integrity and security of the system.

This integration is a significant step towards mass adoption of web3. By offering customers control over their personal data, it is expected that more individuals and businesses will be willing to embrace blockchain technology for identity verification. With Deloitte’s technology knowledge, reach, and trust, the digital credentials issued are globally accepted.

In conclusion, the integration of KILT blockchain technology for issuing reusable digital credentials is an exciting development that could transform verification processes for individuals and entities. This is a significant step towards mass adoption of web3 and could open up new digital marketplaces. Deloitte's technology expertise and reach make them well-positioned to lead the way in offering secure, cost-effective, and convenient digital credentials that are globally accepted.

I've always been fascinated by the potential of decentralized systems. That’s why I decided to blog on crypto projects' innovative tech. This week’s highlight is Marlin Protocol, an open protocol that allows users with spare infrastructure to share their computational resources with application developers.

In a decentralized system, no central authority controls the flow of information. Instead, data is distributed across a network of computers, each with a copy of the data. This allows for a more resilient and secure system, as there is no single point of failure.

About Marlin

Marlin is built on a decentralized network of nodes that allows for low-latency data transmission. This makes it perfect for long-running backend services, for example, decentralized RPCs and oracles. Additionally, Marlin offers integrity protection through secure enclaves, zk-based prover computations, scheduling actions based on events in the mempool, caching, et cetera.

As far as I know, it's a one-stop shop for all your decentralized computation needs. But Marlin isn't the only player in the decentralized computation game. There are other companies and projects out there that also aim to democratize access to computational resources. Here are a few examples:

Golem Network: Golem is a decentralized marketplace for computing power where users can rent out their unused computational resources to others who need them. The platform supports a wide range of use cases, including CGI rendering, scientific computing, and machine learning.

Akash Network: Akash is a decentralized cloud computing platform that allows users to lease computing resources from other users. The platform supports hosting websites, running applications, and deploying blockchain nodes.

Ankr Network: Ankr is a decentralized cloud computing platform that allows users to rent out their unused computing resources.

Filecoin: Filecoin is a decentralized storage network that allows users to rent out their unused storage space. The platform aims to create a decentralized alternative to traditional cloud storage providers, where users can store their data securely and privately.

The decentralized computation space is still in its early stages, and there are many companies and projects working to solve the same problems that Marlin is tackling.

What sets Marlin apart?

Marlin sets itself apart from other decentralized networks by continuously updating its protocol. By doing so, Marlin can evolve and improve its network, making it more efficient and secure for users. They’re currently working on upgrading the network to support decentralized computation using Trusted Execution Environments (TEEs). TEEs, such as SGX, allow computations to happen verifiably and securely without revealing data to the node operator. This opens the door for a wide range of novel use cases, such as decentralized frontend hosting services, decentralized backends for dynamic websites and apps, APIs, and even decentralized caches and CDNs.

Marlin's competitors may have some advantages over Marlin regarding network size and focus on specific use cases. In terms of network size, some of Marlin's competitors may have a larger network and a more established user base. This can be advantageous for certain use cases that require greater computational power or storage capacity. Moreover, some competitors may have a more specific focus on certain use cases, such as machine learning (Golem) or decentralized storage (Filecoin). This can be advantageous for users who have a specific need for these applications and require specialized features or resources.

However, Marlin's focus on continuous protocol updates and TEEs may provide unique advantages over its competitors for certain use cases. Additionally, Marlin's emphasis on democratizing access to computational resources and its open-source nature makes it an attractive option for developers looking to build decentralized applications. Ultimately, the choice of platform will depend on specific use cases and requirements, and it's worth exploring different options to find the best fit for a particular project.

To understand why the previously talked update could be a game-changer, let’s talk more in-depth about TEEs and how it relates to Marlin's decentralized computation network.

Trusted Execution Environments (TEEs)

In layman's terms, a TEE is a secure computer or mobile device area that ensures that sensitive data is processed in a secure environment.

You can think of a TEE as a digital fortress for your data. It is typically implemented as a separate processor or co-processor that runs its own operating system and has access to its own memory. The TEE is isolated from the main processor and operating system and is designed to protect against external tampering or hacking attempts.

In a decentralized computation network like Marlin, the TEE ensures the security and integrity of the data being processed. This helps to prevent data breaches and other security incidents and allows users to have confidence in the security of the network. Additionally, as TEEs are known for their high performance while maintaining confidentiality, it enables low-latency and high-throughput operations on sensitive data, making them suitable for decentralized computations. So, by upgrading the Marlin network to support TEEs, developers can create decentralized applications (dapps) that can escrow users' private keys and construct transactions based on certain events using confidential logic dictated by the user himself.

It's TEE-shirt time

How TEEs Can Enhance Security in MEV Auctions and Other Decentralized Applications

Let’s take John Doe’s case; he’s an experienced trader who has decided to start participating in MEV (Miner Extractable Value) auctions. As he is dealing with valuable digital assets and participating in complex financial transactions, he wants to ensure that the process of buying and selling MEV is as secure as possible. One way he can do this is by using TEEs; this will ensure that sensitive information, such as the details of John's MEV transactions, is protected from malicious attacks or unauthorized access. This is important because, as MEV is a complex financial instrument, any unauthorized manipulation or duplication of the transactions could lead to significant financial losses for John and the other parties involved. By using TEEs, John can securely participate in MEV auctions, giving him confidence in the authenticity and security of his transactions.

Next to MEV auctions TEEs, consider the potential for NFT (non-fungible token) mints and other dapps that require a high level of security and privacy. Additionally, TEEs also make it possible to run custom backend logic to process data, such as the aforementioned MEV algorithms or even relays and block builders for mev-boost.

(It's worth noting that upgrading to TEEs will be strictly optional. Not all nodes in the network will be required to support the additional features which come with more hardware requirements. This ensures that the network remains decentralized and open to all participants.)

Conclusion

Marlin’s upgrade to Trusted Execution Environments (TEEs) brings the potential for new dapps to be built on the network. For example, a team could run a decentralized service that accepts transactions and runs MEV (miner extractable value) algorithms to redistribute profits securely. Or perhaps, a DAO could run its own liquidation bot and share profits with its governance token holders. Building such a system would be impossible today without the ability to deploy one's own node network. They’re on a mission to democratize computational resources, and the latest update to the network is a step toward that goal. Marlin is not the only company working on decentralized computation, and there are other platforms to consider when choosing the right one for a particular project. To make an informed decision, it's important to evaluate different options based on specific project requirements and use cases and weigh the benefits and drawbacks of each.

#Marlin #Binance #blockchain #BlockchainTechnology #Decentralization