Nowadays, the Chinese pump project is quite big. Here is a list of Chinese projects for your reference. In June, Hong Kong opens Crypto, there will likely be a large influx of money from China!
These 2 indexes reflect the level of inflation. A decrease also signals a decrease in inflation - the FED will easily cool down on the upcoming interest rate increase!
Today #DYDX will unlock 6.44M tokens about 15.33m$. This amount of DYDX is distributed mainly to Trading Rewards and Liquidity Providers. More CPI news tonight, so Long brothers, be careful when shorting!
March 10 Mtgox repays#BTCdebt. The two biggest victims, Bitcoinica and MtGox Investment, chose to get it early and pay via BTC in installments. The amount of Bitcoin they can receive is about 20% of the entire debt, equivalent to 142 thousand BTC (about 3.1 billion USD.
The battle for LSDs is quite intense now, to attract users as well as cash flow, the protocols must compete in terms of High Liquidity as well as a lot of Profits!
Most prominently, Frax recently launched a product that is quite optimal in terms of profits for users. There's also Aura Finance!
What is Liquid Staking Derrivatives (LSDs) for those of you who still don't understand!
Liquid Staking Derivatives are protocols that allow users to stake coins to create synthetic assets that represent the amount and value of the staked coin.
For those new to reading, it may seem difficult to understand, let's use the example below to make it easier for you to understand!
Here's an easy-to-understand example:
You have 10 ETH, then go to Lido Finance to Stake and will receive a reward from this Staking, as well as receive stETH in a corresponding amount.
Checking whether a project is still alive or dead is very important. It is one of the factors that can help you invest more successfully. If you happen to have bought tokens of a project that has already died at too high a price, the process of recovering your investment will be very difficult.
We will check the project's Github. Github is basically the place where projects upload their source code. Every time they want to update a feature, they will divide into many teams to code, and then eve