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Top 10 Cryptocurrencies to Invest in June 2023, Here are the top #Cryptos to Invest in June: #LUNC $XRP #SUI_Coin $SOL #SHIBA $LTC #ARB $TRX #RNDR $SAND 👇👇👇Do you have any in mind ? comment below

Top 10 Cryptocurrencies to Invest in June 2023,

Here are the top #Cryptos to Invest in June:

#LUNC

$XRP

#SUI_Coin

$SOL

#SHIBA

$LTC

#ARB

$TRX

#RNDR

$SAND

👇👇👇Do you have any in mind ? comment below

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dYdX Community Votes to Stake $61M Worth of DYDX Tokens, Strengthening Security. The dYdX community has approved a proposal to stake 20 million DYDX tokens, enhancing security measures and protecting against potential control attacks. dYdX Community Votes to Stake $61M Worth of DYDX Tokens, Strengthening Security The dYdX community has approved a proposal to stake 20 million DYDX tokens, enhancing security measures and protecting against potential control attacks. The proposal, which passed with an overwhelming 91.7% of votes in favor, allows tokens from the community treasury of the decentralized exchange (DEX), valued at over $61 million at current prices, to be staked using the liquid staking protocol Stride. Staking involves locking cryptocurrency to support the operations of a blockchain network, such as transaction processing and block validation. Participants, known as "stakers," stake their tokens in the network and receive rewards in return. By staking its native tokens, dYdX aims to decentralize voting power, preventing malicious entities from gaining control over the network and manipulating its operations. The dYdX network architecture presents a scenario where an attacker with one-third of the voting power could halt on-chain operations, while possessing two-thirds of the voting power could potentially exploit user deposits and community assets within the dYdX Chain. To counter these risks, a malicious actor would need to contribute at least $912 million in staked DYDX tokens, given the current voting power of $456 million. However, with only 11.5% of the total DYDX supply currently staked, this barrier is not insurmountable. Staking rewards on dYdX are denominated in the stablecoin USD Coin (USDC) and are generated from the fees paid by users for trading on the protocol. Stride's mechanism allows DYDX stakes to grow automatically over time as rewards are compounded. The dYdX community has agreed to pay a 7.5% fee on the staked position for the staking service.
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Aave Considers Fee Distribution Activation with "Fee Switch" Proposal Leading decentralized lending platform Aave, are holding discussions regarding the activation of a "fee switch" to distribute fees to token holders. Aave Considers Fee Distribution Activation with "Fee Switch" Proposal Leading decentralized lending platform Aave, are holding discussions regarding the activation of a "fee switch" to distribute fees to token holders. Marc Zeller, the founder of the Aave Chan Initiative, revealed the upcoming development, stating that a "temp check" will be conducted next week. The Aave DAO, the community-driven decentralized autonomous organization behind the Aave platform, currently generates approximately $60 million in annual net profits. Aave, first launched on Ethereum, is one of the leading DeFi lending platforms, enabling borrowers to obtain loans using one cryptocurrency while providing another as collateral. The governance of Aave is overseen by holders of the Aave token (AAVE), who collectively form the Aave DAO. Zeller had previously hinted at the potential implementation of fees for Aave stakers. On March 16, he mentioned the possibility of distributing fees to stakers through a new iteration of the safety module. In DeFi protocols, a "fee switch" refers to a feature or mechanism that would facilitate the distribution of fees collected from transactions or other activities to token holders. The implementation of a fee switch offers governance the ability to control and adjust fee-related policies based on the platform's requirements and objectives. Aave DAO recently approved changes to staking fees for its stablecoin GHO to maintain the token's peg. If Aave DAO proceeds with fee activation, it will follow the footsteps of Frax Finance, which recently endorsed a proposal to reintroduce its fee switch.
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