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About AltLayer (ALT) AltLayer operates as an open, decentralized protocol for rollups, introducing the concept of Restaked Rollups. This approach combines various rollup stacks, such as OP Stack, Arbitrum Orbit, Polygon CDK, and ZK Stack, enhancing their security, decentralization, interoperability, and fast finality through a restaking mechanism. The native utility token of AltLayer is ALT, which serves multiple functions within the ecosystem, including paying for transaction and services within the network. ALT tokens and restaked assets provide an economic stake that may be subject to penalties in cases of detected malicious behavior. Holders of ALT tokens have the privilege to participate in governance decisions. AltLayer's primary features include three products: VITAL: This service involves operators actively validating blocks and states committed by the rollup sequencer, including the issuance of fraud proof challenges when necessary. MACH: This protocol accelerates finality for rollups, allowing operators to restake Ethereum-based assets to support claims on the rollup state. SQUAD: Focused on decentralized sequencing, this feature aims to address issues like liveness concerns and rent extractions by eliminating reliance on a single sequencer. #ALT $ALT #SquareCreator
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The Synapse Network’s decentralized ecosystem exists on the Ethereum Network. Synapse began by developing a launchpad on which crypto projects could get a start and entryway to potential investors and build their holder communities. Michael Domarecki and Pawel Laskarzewski, both serial entrepreneurs with a vast array of experience between them, co-founded synapse. The network focuses on assisting projects and start-ups and hosts a wide range of other DeFi tools that platform users can implement for investment opportunities within the digital space. The cross-chain capability ensured by the Synapse protocol assists in powering asset swaps and cross-chain lending within the Synapse platform capabilities. To date, Binance, Ethereum, Polygon, and Avalanche have been networks interconnected for noticeably low fees through the Synapse Network protocol. #SYN $SYN #BecomeCreator
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SUN is a cryptocurrency with the purported intent to promote the development of decentralized finance on the TRON blockchain network. The Sun platform is powered by the $SUN token. SUN underwent a considerable upgrade in 2021, resulting in a complete overhaul of its assignment, infrastructure, and even the SUN token itself, which was re-denominated and swapped with the new version of SUN at a 1:1000 ratio. With this upgrade, the SUN platform acquired the decentralized exchange, JustSwap. The upgraded Sun platform integrates asset exchange, liquidity mining, stablecoin exchange, and decentralized autonomous organizations to enable the TRON DeFi ecosystem to grow with a DEX as the core. The platform claims to combine the platform features of multiple trading exchanges to create a high-performance, low-cost, and high-security integrated DEX infrastructure for the TRON Network. The Sun Token platform reportedly provides users with multiple functionalities, such as transaction fee rewards for liquidity providers, LP liquidity mining, and SUN token staking rewards. Besides the aforementioned platform features, SUN also enables users to participate in Governance Mining, where users can decide on the gauge weight of the mining pool through governance voting. #SUN/Usdt
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dForce is a set of decentralized finance protocols implementing cryptocurrency lending, trading and more to support the web 3 environment with DeFi infrastructure. dForce currently implements DeFi protocols on Ethereum (ETH), BNB Smart Chain (BNB), Polygon (MATIC), Avalanche (AVAX), Kava (KAVA), Arbitrum and Optimism (OP). The dForce ecosystem hosts a variety of decentralized finance protocols including USX, described by the platform as an overcollateralized stablecoin with a dual-minting model combining both pool-based and vault-based mining. The dForce DeFi platform enables decentralized borrowing and lending through dForce Lending, which is automated by smart control protocol. Trading made possible on dForce Trade also leverages automation and aggregated liquidity across various platforms for the optimal price. #DF
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According to Binance, "Today's PNL = Current asset total - Today's initial asset total - Today's net transfer and deposit. The date is only for your reference, there is no guarantee that the data is absolutely accurate." #SquareCreator
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