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StaFi to Deploy Liquid Staking as a Service Testnet Ahead of 2.0 Mainnet Launch
According to Blockworks, liquid staking protocol StaFi is set to deploy its Liquid Staking as a Service (LSAAS) testnet before the rebrand and mainnet launch of StaFi 2.0. Liquid staking as a service refers to blockchain platforms that provide liquidity by minting a new token representing an underlying staked asset. This new token can be used and traded in DeFi protocols for additional revenue or rewards. The initial StaFi 2.0 testnet will support liquid staking derivatives (LSDs) from Ethereum, EVM layer-2s, and the Cosmos ecosystem. It will enable developers across these networks to experiment with StaFi's latest features and allow the protocol to work on improvements based on user suggestions.
StaFi plans to launch its liquid restaked token on testnet in Q2 of this year, with the mainnet launch scheduled for Q3 of 2024. StaFi co-founder Liam Young said in a press release, 'The launch of the StaFi 2.0 testnet is a major milestone in our journey to mainnet. It's also a major boost for layer-1 blockchains seeking easier access to LSD with the vast potential this vertical holds for strengthening network security, decentralization, and opening new opportunities for yield generation.' StaFi was initially developed through Polkadot grants, and its blockchain is on Substrate, a blockchain software development kit (SDK) used to create parachains on Polkadot. The latest rebrand will position the protocol to break free from the Polkadot ecosystem and establish itself as a liquid staking derivative infrastructure platform compatible with multiple blockchain networks. In addition to supporting LSDs on Ethereum, EVM layer-2s, and Cosmos, StaFi is also exploring LSD solutions for Bitcoin, with more information expected in the coming months.
According to Blockworks, liquid staking protocol StaFi is set to deploy its Liquid Staking as a Service (LSAAS) testnet before the rebrand and mainnet launch of StaFi 2.0. Liquid staking as a service refers to blockchain platforms that provide liquidity by minting a new token representing an underlying staked asset. This new token can be used and traded in DeFi protocols for additional revenue or rewards. The initial StaFi 2.0 testnet will support liquid staking derivatives (LSDs) from Ethereum, EVM layer-2s, and the Cosmos ecosystem. It will enable developers across these networks to experiment with StaFi's latest features and allow the protocol to work on improvements based on user suggestions.
StaFi plans to launch its liquid restaked token on testnet in Q2 of this year, with the mainnet launch scheduled for Q3 of 2024. StaFi co-founder Liam Young said in a press release, 'The launch of the StaFi 2.0 testnet is a major milestone in our journey to mainnet. It's also a major boost for layer-1 blockchains seeking easier access to LSD with the vast potential this vertical holds for strengthening network security, decentralization, and opening new opportunities for yield generation.' StaFi was initially developed through Polkadot grants, and its blockchain is on Substrate, a blockchain software development kit (SDK) used to create parachains on Polkadot. The latest rebrand will position the protocol to break free from the Polkadot ecosystem and establish itself as a liquid staking derivative infrastructure platform compatible with multiple blockchain networks. In addition to supporting LSDs on Ethereum, EVM layer-2s, and Cosmos, StaFi is also exploring LSD solutions for Bitcoin, with more information expected in the coming months.
Cardano Surpasses Ethereum in GitHub Activity Amid Layer-2 Project Rumors
ADA
$0.6289
-0.63%
According to CryptoPotato, Cardano has once again outperformed Ethereum and other major Layer-1 blockchains such as Avalanche, Litecoin, and Tron in GitHub commits, reflecting its leading position in developer engagement. Between March 11 and 17, Cardano registered 978,780 commits on GitHub, exceeding its closest competitor, Ethereum, which recorded 407,170 commits during the same period. The data from blockchain intelligence platform IntoTheBlock also revealed that Avalanche has a commit count of 315,770, while Litecoin and Tron stand at 84,110 and 79,380 commits, respectively. This activity indicates potential for decentralized application (dApp) launches and protocol improvements, enhancing overall resilience and functionality.
Despite Cardano’s strong developer commitment, its price has remained below $1 since April 2022, currently at $0.59, with nearly 18% in weekly losses. It is important to understand that developer engagement does not always directly influence price. The metric, however, helps gauge developers’ commitment to building, maintaining, and securing the ecosystem. Cardano is no stranger to FUDs. In fact, the latest stats come on the heels of allegations its Layer 2 project, Hydra, was abandoned by the team. Cardano co-founder Charles Hoskinson refuted the rumors and confirmed ongoing development, deeming them to be “pure FUD.”
According to DefiLlama, Cardano experienced an increase in the total value locked (TVL) in decentralized finance (DeFi) this year, climbing to $520 million on March 14th. The figure has since come down to $385 million as of March 20th.
ADA
$0.6289
-0.63%
According to CryptoPotato, Cardano has once again outperformed Ethereum and other major Layer-1 blockchains such as Avalanche, Litecoin, and Tron in GitHub commits, reflecting its leading position in developer engagement. Between March 11 and 17, Cardano registered 978,780 commits on GitHub, exceeding its closest competitor, Ethereum, which recorded 407,170 commits during the same period. The data from blockchain intelligence platform IntoTheBlock also revealed that Avalanche has a commit count of 315,770, while Litecoin and Tron stand at 84,110 and 79,380 commits, respectively. This activity indicates potential for decentralized application (dApp) launches and protocol improvements, enhancing overall resilience and functionality.
Despite Cardano’s strong developer commitment, its price has remained below $1 since April 2022, currently at $0.59, with nearly 18% in weekly losses. It is important to understand that developer engagement does not always directly influence price. The metric, however, helps gauge developers’ commitment to building, maintaining, and securing the ecosystem. Cardano is no stranger to FUDs. In fact, the latest stats come on the heels of allegations its Layer 2 project, Hydra, was abandoned by the team. Cardano co-founder Charles Hoskinson refuted the rumors and confirmed ongoing development, deeming them to be “pure FUD.”
According to DefiLlama, Cardano experienced an increase in the total value locked (TVL) in decentralized finance (DeFi) this year, climbing to $520 million on March 14th. The figure has since come down to $385 million as of March 20th.
Floki Developers Work on Regulated Digital Bank Accounts Supporting FLOKI Token Financing
FLOKI
$0.00021303
-7.65%
According to Foresight News, Floki developers are working to provide regulated digital bank accounts that can be financed using FLOKI tokens and used for trading in US dollars, euros, and British pounds. The project also includes plans for debit cards and collateral services, with licensed partners in Canada, Spain, the Dominican Republic, Australia, and the United Arab Emirates providing convenience for the accounts.#FLOKİ
FLOKI
$0.00021303
-7.65%
According to Foresight News, Floki developers are working to provide regulated digital bank accounts that can be financed using FLOKI tokens and used for trading in US dollars, euros, and British pounds. The project also includes plans for debit cards and collateral services, with licensed partners in Canada, Spain, the Dominican Republic, Australia, and the United Arab Emirates providing convenience for the accounts.#FLOKİ
Solana Network Activity Surpassed Ethereum
Sedang Tren
SOL
$200.80
+2.30%
BOME
$0.011664
-31.27%
Reported by Cointelegraph, Solana network activity surpassed Ethereum over the weekend amid a scramble for Solana-based memecoins — causing the network to struggle to keep up.
On March 16, Solana’s total trading volume soared past Ethereum, reaching $3.52 billion and beating out the daily volume on the Ethereum network by more than $1.1 billion, per DefiLlama.
However, the Solana network struggled to keep up with the influx of activity, with many users across X complaining about frequent instances of failed or missing transactions.
According to Solana Validator data, cited by pseudonymous user “Dagnum” on X, Solana’s ping time ran between 20 and 40 seconds at 8 pm UTC on March 16, resulting in approximately 50% of transactions failing for around 20 minutes.
The huge uptick in Solana network activity was driven by an outsized appetite for new memecoins. On March 14, degens began piling into a new memecoin called Book of Meme (BOME), which rallied from near-zero to a market capitalization of $1.45 billion in just 56 hours.
Another memecoin dubbed “$NAP” (NAP) also garnered significant attention from traders, rallying from a market cap of around $20 million to over $330 million in less than 18 hours.
#solanausdt
Sedang Tren
SOL
$200.80
+2.30%
BOME
$0.011664
-31.27%
Reported by Cointelegraph, Solana network activity surpassed Ethereum over the weekend amid a scramble for Solana-based memecoins — causing the network to struggle to keep up.
On March 16, Solana’s total trading volume soared past Ethereum, reaching $3.52 billion and beating out the daily volume on the Ethereum network by more than $1.1 billion, per DefiLlama.
However, the Solana network struggled to keep up with the influx of activity, with many users across X complaining about frequent instances of failed or missing transactions.
According to Solana Validator data, cited by pseudonymous user “Dagnum” on X, Solana’s ping time ran between 20 and 40 seconds at 8 pm UTC on March 16, resulting in approximately 50% of transactions failing for around 20 minutes.
The huge uptick in Solana network activity was driven by an outsized appetite for new memecoins. On March 14, degens began piling into a new memecoin called Book of Meme (BOME), which rallied from near-zero to a market capitalization of $1.45 billion in just 56 hours.
Another memecoin dubbed “$NAP” (NAP) also garnered significant attention from traders, rallying from a market cap of around $20 million to over $330 million in less than 18 hours.
#solanausdt
Lookonchain's data shows that a trader lost 3,731 SOL ($775K) in just 1 hour by trading SLERF. Initially, the trader spent 5,004 SOL to buy 790,236 SLERF at $1.32 (the highest price point). After the price plummeted and rose again, the trader spent another 2,500 SOL ($517K) to buy 650,330 SLERF at $0.8. Unfortunately, the price dropped again after the purchase. In the end, the trader sold all SLERF and only got 3,774 SOL ($784K) back, resulting in a loss of 3,731 SOL ($775K).
🔥Tidak ada waktu yang terbuang karena hanya tinggal 2 hari lagi untuk Farm $AEVO di Binance Launchpool.
🔸Stake $BNB dan $FDUSD Anda untuk mendapatkan $AEVO ,
🔸Pada 13 Maret pukul 10:00, $AEVO akan terdaftar di #Binance
Anda tidak ingin melewatkannya. Alasannya here 👈 ( Detail dan Prediksi Harga )
#Aevo adalah platform DEX Layer 2 yang menggunakan teknologi OP Stack untuk mengoptimalkan kecepatan perdagangan opsi dan kontrak abadi. Platform ini mengoperasikan buku pesanan off-chain dan mekanisme penyelesaian on-chain. Sederhananya, ketika pesanan off-chain dicocokkan, transaksi dieksekusi dan diselesaikan melalui Kontrak Cerdas Aevo. Mekanisme ini memberi pengguna Aevo antarmuka yang mirip dengan pertukaran terpusat.
#AEVOLAUNCHPOOL #BinanceLaunchpool #Launchpool
🔸Stake $BNB dan $FDUSD Anda untuk mendapatkan $AEVO ,
🔸Pada 13 Maret pukul 10:00, $AEVO akan terdaftar di #Binance
Anda tidak ingin melewatkannya. Alasannya here 👈 ( Detail dan Prediksi Harga )
#Aevo adalah platform DEX Layer 2 yang menggunakan teknologi OP Stack untuk mengoptimalkan kecepatan perdagangan opsi dan kontrak abadi. Platform ini mengoperasikan buku pesanan off-chain dan mekanisme penyelesaian on-chain. Sederhananya, ketika pesanan off-chain dicocokkan, transaksi dieksekusi dan diselesaikan melalui Kontrak Cerdas Aevo. Mekanisme ini memberi pengguna Aevo antarmuka yang mirip dengan pertukaran terpusat.
#AEVOLAUNCHPOOL #BinanceLaunchpool #Launchpool
keseruan menyambut ramadhan
LIVE
Binance Square Official
--
Set Your Profile: Share in $1,000 FDUSD & Win Binance Merchandise!
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💠 Task:
1. Set up your Binance Square profile (nickname, avatar, username, and bio).
2. Reply to this post with your nickname.
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Users who hadn't set up their profiles before 2024-03-05 08:00:00 UTC are eligible for rewards. The first 2,000 users to complete both tasks, based on the reply timestamp, will share 1,000 FDUSD in token voucher rewards.
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Terms&Conditions:
This promotion may not be available in your region.All users must set up their profile before the campaign ends to be eligible for rewards from Promotion A&B. A user can win rewards from both Promotion A & B.Each winner of Promotion A will receive 0.5 FDUSD each. The FDUSD token voucher rewards will be distributed within 15 working days after the promotion ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Winners of Promotion B will receive a random Binance merchandise as part of their rewards, and will be notified within 15 working days via Square Assistant push to collect delivery information.If chosen users are from regions not eligible to join the promotion or are identified as ineligible, the reward will go to the next eligible user who meets the conditions.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.
Promotion Period: 2024-03-05 08:00 (UTC) to 2024-03-10 23:59 (UTC)
💠 Task:
1. Set up your Binance Square profile (nickname, avatar, username, and bio).
2. Reply to this post with your nickname.
🎁 Promotion A:
Users who hadn't set up their profiles before 2024-03-05 08:00:00 UTC are eligible for rewards. The first 2,000 users to complete both tasks, based on the reply timestamp, will share 1,000 FDUSD in token voucher rewards.
🎁 Promotion B:
Binance will select 10 replies that end in the ranking number "100", based on the reply timestamp (i.e., ranks 100, 1,100, 2,100, 3,100, ...., 9,100). Each selected user will receive a random Binance merchandise.
So, why wait? Make your move, enhance your profile and grab your rewards!
Tips: How to Set up Your Binance Square Profile 👇
Terms&Conditions:
This promotion may not be available in your region.All users must set up their profile before the campaign ends to be eligible for rewards from Promotion A&B. A user can win rewards from both Promotion A & B.Each winner of Promotion A will receive 0.5 FDUSD each. The FDUSD token voucher rewards will be distributed within 15 working days after the promotion ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Winners of Promotion B will receive a random Binance merchandise as part of their rewards, and will be notified within 15 working days via Square Assistant push to collect delivery information.If chosen users are from regions not eligible to join the promotion or are identified as ineligible, the reward will go to the next eligible user who meets the conditions.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this campaign, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.
