Oracle
206,237 views
48 Posts
Hot
Latest
Terra Luna Classic (LUNC) Announces Oracle Split Logic Update, Futures Surge 20%
With staking being the pillar of any healthy DeFi ecosystem, the developers of #TerraLunaClassic (LUNC) have announced a long-awaited update that will massively boost staking rewards in the ecosystem.
As Crypto News Flash reported last month, one leading $LUNC developer had proposed adjustments to the network’s burn tax distribution. His proposal allocated 10% of the tax to the Oracle Pool. In the Terra Luna Classic ecosystem, the Oracle module furnishes the network with up-to-date price feeds of #exchange rates in the real world and is the foundation of the network’s DeFi.
As one of the key developers revealed Wednesday, the Oracle split logic has finished and the testnet is ongoing.
The Oracle split is contained in proposals 12098 and 12114, which are part of Release v3.1.0. It will divert community pool rewards to the Oracle Pool, slowing down its depletion rate (the rewards originate from the tax split.
Under the existing mechanisms, Terra Luna Classic has a 0.5% burn rate—80% of it goes to burns, and the remainder is distributed to rewards and the Community Pool. It is this 20% that the new proposal targets, recommending that it be split between the Community Pool and the #Oracle Pool.
The proposal isn’t popular in some quarters. A key grievance is its obvious implication on block rewards for #LUNC✅ validators—under the new mechanism, block rewards would come exclusively from gas fees. The annual percentage rate is also expected to dip by 0.5%. Some experts have even warned that passing the proposal could lead to immediate price declines.
However, the proponents point out that this shift would benefit the ecosystem in the long run, primarily by boosting staking.
LUNC staking has grown massively in recent months. As Crypto News Flash reported two weeks ago, the staked LUNC hit 1 trillion amid aggressive growth since the start of June. This growth continues, with the community staking just under 250 million LUNC in the past 24 hours and over nine billion tokens in the past week. Overall, staked LUNC accounts for 15.09% of the total tokens, sitting just marginally below the all-time record achieved last October.
On the trading front, LUNC has dipped slightly over the past day to trade at $0.00007117 amid a 21% drop in the trading volume.
As one analyst points out, the token has been trading inside a falling channel and changes hands below its 50-day and 200-day simple moving averages (SMAs). If it finds strong support, the analyst expects LUNC to surge 67% and hit $0.00017. However, if it fails to hold up, the next support will be further down at $0.00005646.
As Crypto News Flash reported last month, one leading $LUNC developer had proposed adjustments to the network’s burn tax distribution. His proposal allocated 10% of the tax to the Oracle Pool. In the Terra Luna Classic ecosystem, the Oracle module furnishes the network with up-to-date price feeds of #exchange rates in the real world and is the foundation of the network’s DeFi.
As one of the key developers revealed Wednesday, the Oracle split logic has finished and the testnet is ongoing.
The Oracle split is contained in proposals 12098 and 12114, which are part of Release v3.1.0. It will divert community pool rewards to the Oracle Pool, slowing down its depletion rate (the rewards originate from the tax split.
Under the existing mechanisms, Terra Luna Classic has a 0.5% burn rate—80% of it goes to burns, and the remainder is distributed to rewards and the Community Pool. It is this 20% that the new proposal targets, recommending that it be split between the Community Pool and the #Oracle Pool.
The proposal isn’t popular in some quarters. A key grievance is its obvious implication on block rewards for #LUNC✅ validators—under the new mechanism, block rewards would come exclusively from gas fees. The annual percentage rate is also expected to dip by 0.5%. Some experts have even warned that passing the proposal could lead to immediate price declines.
However, the proponents point out that this shift would benefit the ecosystem in the long run, primarily by boosting staking.
LUNC staking has grown massively in recent months. As Crypto News Flash reported two weeks ago, the staked LUNC hit 1 trillion amid aggressive growth since the start of June. This growth continues, with the community staking just under 250 million LUNC in the past 24 hours and over nine billion tokens in the past week. Overall, staked LUNC accounts for 15.09% of the total tokens, sitting just marginally below the all-time record achieved last October.
On the trading front, LUNC has dipped slightly over the past day to trade at $0.00007117 amid a 21% drop in the trading volume.
As one analyst points out, the token has been trading inside a falling channel and changes hands below its 50-day and 200-day simple moving averages (SMAs). If it finds strong support, the analyst expects LUNC to surge 67% and hit $0.00017. However, if it fails to hold up, the next support will be further down at $0.00005646.
BULLISH! 🔥 $PYTH & MAJOR SWISS CRYPTO BANK TEAMED UP! 🤝 But Why? 🤔👇
Swiss crypto (Amina Bank) has recently partnered up with PYTH (Pyth Network)! PYTH is a decentralized oracle that operates on $SOL blockchain. Basically, PYTH aggregates and verifies data from multiple sources in order to ensure reliability and transparency. Oracles are very useful for lending platforms and decentralized exchanges because they rely on accurate pricing information (e.g. to execute transactions)!
This collaboration will enhance user experience and accessibility for Web3 applications. Thanks to PYTH, Amina Bank will be able to inform and support its users with robust digital asset data. In my opinion, accurate and reliable price data is critical for the growing DeFi ecosystem and thus Amina Bank made a massive strategic step opening a new revenue stream. In fact, by providing accurate and reliable data, AMINA can attract more users and institutions that need such data for trading and risk management!
Will PYTH Reach $1 Again? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#PythNetwork #Pythlong #Oracle #SolanaUpdate #Altcoins2024
Swiss crypto (Amina Bank) has recently partnered up with PYTH (Pyth Network)! PYTH is a decentralized oracle that operates on $SOL blockchain. Basically, PYTH aggregates and verifies data from multiple sources in order to ensure reliability and transparency. Oracles are very useful for lending platforms and decentralized exchanges because they rely on accurate pricing information (e.g. to execute transactions)!
This collaboration will enhance user experience and accessibility for Web3 applications. Thanks to PYTH, Amina Bank will be able to inform and support its users with robust digital asset data. In my opinion, accurate and reliable price data is critical for the growing DeFi ecosystem and thus Amina Bank made a massive strategic step opening a new revenue stream. In fact, by providing accurate and reliable data, AMINA can attract more users and institutions that need such data for trading and risk management!
Will PYTH Reach $1 Again? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#PythNetwork #Pythlong #Oracle #SolanaUpdate #Altcoins2024
🌖 Terra Luna Classic Burn Tax Proposal Passed
Proposal 12098 “Changing the Reward Share Distribution of the Burn Tax” is passed successfully by the #TerraLunaClassic community. This changes the burn tax distribution to the community pool and Oracle pool.
Notably, the proposal doesn’t change the burn tax rate, nor the amount sent to burn. It just changes the burn tax distribution to oracle pool instead of rewards. The proposal has received 70% votes in favor with 37 validators in support of the proposal.
“The technical details of this can be a bit complex. I will try to simplify some of it at the cost of a little less precision in definitions and numbers. This draft has been up a few weeks ago with more details on block proposer rewards. I removed those parts as proposer rewards will be removed with #SDK 0.47, said developer StrathCole.
#TerraClassic has a burn tax set to 0.5%. Out of this, 80% is for burn and 20% is distributed as 10% to Community Pool and 10% to rewards. After the proposal, the 20% will be distributed as 10% to Community Pool and 10% to #Oracle pool.
Instead of immediate block rewards, the portion from the burn tax would go into long-term staking rewards (Oracle). However, it would decrease the APR by about ~0.5%, which depends on on-chain volumes.
#bitcoin
Proposal 12098 “Changing the Reward Share Distribution of the Burn Tax” is passed successfully by the #TerraLunaClassic community. This changes the burn tax distribution to the community pool and Oracle pool.
Notably, the proposal doesn’t change the burn tax rate, nor the amount sent to burn. It just changes the burn tax distribution to oracle pool instead of rewards. The proposal has received 70% votes in favor with 37 validators in support of the proposal.
“The technical details of this can be a bit complex. I will try to simplify some of it at the cost of a little less precision in definitions and numbers. This draft has been up a few weeks ago with more details on block proposer rewards. I removed those parts as proposer rewards will be removed with #SDK 0.47, said developer StrathCole.
#TerraClassic has a burn tax set to 0.5%. Out of this, 80% is for burn and 20% is distributed as 10% to Community Pool and 10% to rewards. After the proposal, the 20% will be distributed as 10% to Community Pool and 10% to #Oracle pool.
Instead of immediate block rewards, the portion from the burn tax would go into long-term staking rewards (Oracle). However, it would decrease the APR by about ~0.5%, which depends on on-chain volumes.
#bitcoin
⚡️Coin of the day by social activity - Chainlink (LINK)
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries.
#Chainlink #link #Web3🤝🥊🌐 #Oracle #Staking
Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries.
#Chainlink #link #Web3🤝🥊🌐 #Oracle #Staking
⚡Top #Oracle Tokens by Market Capitalization (7 June 2023)
#Blockchain oracles are third-party services that provide #smartcontracts with external information.
#Blockchain oracles are third-party services that provide #smartcontracts with external information.
ABOUT ORACLE'S IN CRYPTO CURRENCY FIELD :
👉In the crypto field, an Oracle refers to a trusted source of external data that provides information to smart contracts or decentralized applications (dApps). Smart contracts are self-executing contracts with terms written directly into code, and they are an integral part of blockchain platforms like Ethereum.While blockchains are secure and immutable, they lack connectivity to external systems and cannot access real-world data, such as stock prices, weather conditions, sports scores, or any other information that is needed to trigger or execute certain actions within a smart contract. This is where Oracles come in.Oracles act as intermediaries between the blockchain and the real world, providing external data to blockchain-based applications. They retrieve data from various sources, often using APIs or other data feeds, and deliver it to the smart contract. This enables smart contracts to make informed decisions and automatically execute actions based on real-world events.There are different types of Oracles, including software Oracles, hardware Oracles, and consensus Oracles. Software Oracles fetch data from APIs, websites, and databases, while hardware Oracles collect information from physical devices or sensors. Consensus Oracles use a system of multiple data sources and consensus algorithms to provide accurate and reliable information to smart contracts.Oracles play a crucial role in enabling decentralized applications to interact with the real world, bringing external data and real-time information into the blockchain ecosystem. They help bridge the gap between the on-chain and off-chain world, increasing the functionality and utility of blockchain applications.However, it is important to note that the accuracy and reliability of Oracles are paramount since they act as trusted sources of data. Without reliable Oracles, smart contracts may be vulnerable to manipulation or incorrect information, which can lead to undesired outcomes or financial losses. As a result, the development and integration of secure and trustworthy Oracles are critical for the widespread adoption of blockchain technology in various industries.$BTC $BNB $SOL #WebNext #BinanceEarnings #Oracle BinanceNFT
OpenAI confirms their strong cloud partnership with Microsoft Azure remains unchanged, despite their new collaboration with Oracle Cloud Infrastructure (OCI).
#OpenAI #Microsoft #Oracle #ETHETFsApproved #TopCoinsJune2024
#OpenAI #Microsoft #Oracle #ETHETFsApproved #TopCoinsJune2024
🌖 Impact of Changes to Burn Tax
After the proposal, 20% will be distributed as 10% to Community Pool and 10% to Oracle pool. This will make immediate block rewards cut off for users. Instead, the portion from the burn tax would go into long-term staking rewards (#Oracle ) and improve LUNC staking. It will help validators, but decrease the APR by about ~0.5% depending upon on-chain volumes.
The proposal has received 99.97% votes in favor. All validators including Interstellar Lounge, JESUSisLORD, and StakeBin have voted in favor of the proposal until now. Other top validators are yet to vote on the PPJ proposal.
$LUNC
price fell 5% in the last 24 hours amid market-wide selloff, with the price currently trading at $0.0001024. However, trading volume has increased in the last few hours, with #LUNC✅ and 1000LUNC futures open interests rising.
Meanwhile, #USTC price also fell over 4%, with the price changing hands at $0.02059. The price tumbled 12% in a week. The 24-hour low and high are $0.02034 and $0.02183, respectively.
#BTC #bitcoin
After the proposal, 20% will be distributed as 10% to Community Pool and 10% to Oracle pool. This will make immediate block rewards cut off for users. Instead, the portion from the burn tax would go into long-term staking rewards (#Oracle ) and improve LUNC staking. It will help validators, but decrease the APR by about ~0.5% depending upon on-chain volumes.
The proposal has received 99.97% votes in favor. All validators including Interstellar Lounge, JESUSisLORD, and StakeBin have voted in favor of the proposal until now. Other top validators are yet to vote on the PPJ proposal.
$LUNC
price fell 5% in the last 24 hours amid market-wide selloff, with the price currently trading at $0.0001024. However, trading volume has increased in the last few hours, with #LUNC✅ and 1000LUNC futures open interests rising.
Meanwhile, #USTC price also fell over 4%, with the price changing hands at $0.02059. The price tumbled 12% in a week. The 24-hour low and high are $0.02034 and $0.02183, respectively.
#BTC #bitcoin
Elon Musk Plans to Revolutionize Artificial Intelligence with Massive Supercomputer, Possible Impact on Dogecoin (DOGE) and Bitcoin (BTC).
Elon Musk, known for his innovative initiatives, is starting a groundbreaking project through his company xAI. Its aim is to develop the world's largest supercomputer, called the "Gigafactory of Compute". This massive facility will house 100,000 dedicated GPUs, at least four times larger than the largest existing clusters. The project requires an investment of billions of dollars and requires large amounts of energy resources. Musk aims to have this large-scale computing facility operational by fall 2025, reflecting his vision of rapidly advancing artificial intelligence capabilities. If realized, xAI could outperform its more established and better-funded rivals thanks to its computing power alone.
A potential collaboration with Oracle is on the agenda as a strategic element of this project. As Oracle's largest customer for H100 chips, #xAI can realize significant benefits from deeper integration with Oracle's expertise and resources. This supercomputer is expected to improve xAI's Grok AI assistant by offering fewer restrictions and more advanced functionality. The partnership with #Oracle can enable xAI to achieve its ambitious goals by providing critical support in terms of both technology and resources.
The race to develop the most powerful #GPU clusters is heating up among major technology companies. Advanced computing power is vital for creating more complex artificial intelligence systems. Notably, #Tesla , another company under Musk's management, is also working on an AI supercomputer, reflecting a widespread trend towards serious investments in AI infrastructure and large-scale projects. The success of Musk's supercomputer project could set new benchmarks in the tech industry and encourage other companies to increase their investments in artificial intelligence infrastructure.
$BTC $DOGE
Elon Musk, known for his innovative initiatives, is starting a groundbreaking project through his company xAI. Its aim is to develop the world's largest supercomputer, called the "Gigafactory of Compute". This massive facility will house 100,000 dedicated GPUs, at least four times larger than the largest existing clusters. The project requires an investment of billions of dollars and requires large amounts of energy resources. Musk aims to have this large-scale computing facility operational by fall 2025, reflecting his vision of rapidly advancing artificial intelligence capabilities. If realized, xAI could outperform its more established and better-funded rivals thanks to its computing power alone.
A potential collaboration with Oracle is on the agenda as a strategic element of this project. As Oracle's largest customer for H100 chips, #xAI can realize significant benefits from deeper integration with Oracle's expertise and resources. This supercomputer is expected to improve xAI's Grok AI assistant by offering fewer restrictions and more advanced functionality. The partnership with #Oracle can enable xAI to achieve its ambitious goals by providing critical support in terms of both technology and resources.
The race to develop the most powerful #GPU clusters is heating up among major technology companies. Advanced computing power is vital for creating more complex artificial intelligence systems. Notably, #Tesla , another company under Musk's management, is also working on an AI supercomputer, reflecting a widespread trend towards serious investments in AI infrastructure and large-scale projects. The success of Musk's supercomputer project could set new benchmarks in the tech industry and encourage other companies to increase their investments in artificial intelligence infrastructure.
$BTC $DOGE
Breaking: Elon Musk's xAI Partners with Oracle for AI Supercomputer, Boosting Bitcoin (BTC) and Ethereum (ETH) Prospects.
The partnership between #xAI and #Oracle is designed to build what is called the “Computation Gigafactory.” This initiative will focus on building a supercomputer that will be the backbone for training and developing Grok. In April, Musk was seeking to raise $4 billion in funding for xAI at a $15 billion valuation. Investor interest increased and Musk increased his funding target to $6 billion at an $18 billion valuation.
Additionally, these funds are expected to significantly increase xAI's GPU count. The goal is to increase the number of GPUs from approximately 10,000 to 100,000. This expansion is not just a quantitative increase, but also strategically aims to combine these GPUs into a powerful supercomputer architecture. Thus, #Grok will reach new heights in AI efficiency and capabilities.
Recently, xAI introduced its AI chatbot Grok to the European market. This launch is part of a broader strategy to make advanced #AI tools accessible globally. Despite widespread distribution, Grok is not yet available to all users in Europe, reflecting a gradual approach.
Linda Yaccarino, CEO of xAI's parent company, X, highlighted this expansion as a significant development. According to Yaccarino, the launch of Grok in Europe is an important milestone in xAI's strategy to expand its market presence outside the US. This move is expected to encourage broader adoption and integration of AI across various sectors and is likely to potentially influence global AI strategies and policies.
$BTC $ETH
The partnership between #xAI and #Oracle is designed to build what is called the “Computation Gigafactory.” This initiative will focus on building a supercomputer that will be the backbone for training and developing Grok. In April, Musk was seeking to raise $4 billion in funding for xAI at a $15 billion valuation. Investor interest increased and Musk increased his funding target to $6 billion at an $18 billion valuation.
Additionally, these funds are expected to significantly increase xAI's GPU count. The goal is to increase the number of GPUs from approximately 10,000 to 100,000. This expansion is not just a quantitative increase, but also strategically aims to combine these GPUs into a powerful supercomputer architecture. Thus, #Grok will reach new heights in AI efficiency and capabilities.
Recently, xAI introduced its AI chatbot Grok to the European market. This launch is part of a broader strategy to make advanced #AI tools accessible globally. Despite widespread distribution, Grok is not yet available to all users in Europe, reflecting a gradual approach.
Linda Yaccarino, CEO of xAI's parent company, X, highlighted this expansion as a significant development. According to Yaccarino, the launch of Grok in Europe is an important milestone in xAI's strategy to expand its market presence outside the US. This move is expected to encourage broader adoption and integration of AI across various sectors and is likely to potentially influence global AI strategies and policies.
$BTC $ETH
$DIA no pain no glory, back in business, still think another higher high is coming. Be ready to get past .70 #FETUSD #Oracle #ETH✅ #XRP/USDT🔥🔥 #PEPEEarn
❓ What are Blockchain Oracles?
#Oracles are a way for blockchains to talk to the outside world.
An oracle records real-world data, e.g. the amount of rain in an area, and puts it on the blockchain.
Once this data is on the blockchain, smart contracts can make intelligent decisions about real-world scenarios.
For example, whether farmers should get insurance money for their crops.
Without oracles, we would have no way of interacting with the real world.
And #Web3 would be limited to a silo!
#Oracle #CryptoEducation #TrendingTopic
#Oracles are a way for blockchains to talk to the outside world.
An oracle records real-world data, e.g. the amount of rain in an area, and puts it on the blockchain.
Once this data is on the blockchain, smart contracts can make intelligent decisions about real-world scenarios.
For example, whether farmers should get insurance money for their crops.
Without oracles, we would have no way of interacting with the real world.
And #Web3 would be limited to a silo!
#Oracle #CryptoEducation #TrendingTopic
#MyFirstFeedPost Hello, Binance Square!
New coin must be listed on $SUI its called $SUPRA, they are giving away $SUPRA tokens for only signup and completing some missions.
Also you can join the Airdrop and receive more rewards.
450 $SUPRA ARE WAITING FOR YOU TO COLLECT
All you have to do is copying the link to your browser, signing up completing the first missions to reach 25 stars and that’s all 450 $SUPRA are yours.
DON’T MISS THAT CHANCE!!!
https://supra.com/blastoff?ref=b1953-4511093$
#Write2Earn #SUIProjects #airdrp #Oracle
New coin must be listed on $SUI its called $SUPRA, they are giving away $SUPRA tokens for only signup and completing some missions.
Also you can join the Airdrop and receive more rewards.
450 $SUPRA ARE WAITING FOR YOU TO COLLECT
All you have to do is copying the link to your browser, signing up completing the first missions to reach 25 stars and that’s all 450 $SUPRA are yours.
DON’T MISS THAT CHANCE!!!
https://supra.com/blastoff?ref=b1953-4511093$
#Write2Earn #SUIProjects #airdrp #Oracle
#LINK || Alert !🚨🚨
$LINK is the Big Pump coming 11th February? 😬😱😱
Lets dive 👇
#Link is the leader of #Oracle project . A coin that has huge potential .
🔶 recently #chainlink again breakout . I warned you exactly before break .
Proof --> Link signals <--
1️⃣Whats the Long term target 🎯 ?
👉 Long term target is 65$ . I am expecting in 2025 1link will trade at 65$++ .
2️⃣when should we buy ?
👉 I bought at 7$ , 11$ & 16$ . Which means my average buy 12.5$ . My target 65$ for 2025 .
3️⃣Is there any short term goal ?
👉 yes , for short term we bought 5Days ago at 15.8$ and sell at 18.5$ . Proof already given 🆙 . Check it .
🔶 Its already break the weekly box . If you are holding then hold tight . Now its 18.6$ , you just hold . Soon it will go to 22-25$ 📈🔥
If you are link holders , then dont forget to put a likes and comments . And stay tune for more bullish update .
$LINK is the Big Pump coming 11th February? 😬😱😱
Lets dive 👇
#Link is the leader of #Oracle project . A coin that has huge potential .
🔶 recently #chainlink again breakout . I warned you exactly before break .
Proof --> Link signals <--
1️⃣Whats the Long term target 🎯 ?
👉 Long term target is 65$ . I am expecting in 2025 1link will trade at 65$++ .
2️⃣when should we buy ?
👉 I bought at 7$ , 11$ & 16$ . Which means my average buy 12.5$ . My target 65$ for 2025 .
3️⃣Is there any short term goal ?
👉 yes , for short term we bought 5Days ago at 15.8$ and sell at 18.5$ . Proof already given 🆙 . Check it .
🔶 Its already break the weekly box . If you are holding then hold tight . Now its 18.6$ , you just hold . Soon it will go to 22-25$ 📈🔥
If you are link holders , then dont forget to put a likes and comments . And stay tune for more bullish update .
LIVEBsJoeBiden.
--
Bullish
$LINK #LINK
Another top gainer from #BsJoeBidenkids 🔥🔥
Literally vips are printing huge for their #Financialfreedom 💸💸💸
Another top gainer from #BsJoeBidenkids 🔥🔥
Literally vips are printing huge for their #Financialfreedom 💸💸💸
Introducing Elys Network: Bringing Sustainable DeFi to the Cosmos Ecosystem
Welcome to Elys Network ---> https://elys.bonusblock.io?r=CeSBsDCx
Elys is a Cosmos SDK built, fast layer 1 blockchain, and is a premier decentralized exchange and suite of financial applications in the Cosmos ecosystem featuring:
Cutting edge integration for a seamless onboarding experience for non crypto-native users.A non-custodial Automated Market Maker (AMM) style Decentralized Exchange (DEX) powered by liquidity providers & liquidity pools using native USDC as the base pair token.Oracle based multi-asset Index pools which increase diversification and reduce volatility.Native margin trading capabilities including a universal cross collateral vault.Native bridging capabilities to Ethereum Virtual Machine (EVM) chains & Inter-Blockchain Communication (IBC) enabled blockchains, for optimal UX and value capture.Onramps for major fiat currencies such as USD, EUR, GBP, CAD, etc.
Innovating DeFi for All: Built for the Future
Elys Network is built on the principles of sustainability that will ultimately shape the new era of DeFi. The platform will generate non-inflationary yield from multiple sources, which will be distributed via a revenue sharing model to the network participants, like Liquidity Providers and Stakers. This means that all participants in the network will be rewarded using sustainable mechanisms from the beginning. Elys is designed from the ground up to not be reliant on inflationary reward mechanisms other than the initial bootstrapping phase. All participants in the network, including Liquidity Providers, Node Operators, Delegators, and the protocol itself have clear paths to long-term value accrual.
Elys Network Development
Currently in testnet, we have built our blockchain from the ground up, utlizing the latest version of Cosmos DSK and introducing several custom modules designed in-house. Elys code is open-source and always available for review on Github.
The Elys Network testnet blockchain explorer can be viewed here. The explorer includes a chain dashboard, active validator set with uptimes and commision, and governance.
Mission Statement
To create a self-sustaining, open sourced, decentralized suite of applications and tools that allow anyone to access financial services
Core Values
Accountable, Decentralized and Collaborative, Trust and Transparency, High Quality, Safe and Secure, Forward-looking, Simple and Easy
#DexTrade #DEFİ #Cosmos🥷 #BinanceLaunchpool #Oracle
Reg: ---> https://elys.bonusblock.io?r=CeSBsDCx <------
Elys is a Cosmos SDK built, fast layer 1 blockchain, and is a premier decentralized exchange and suite of financial applications in the Cosmos ecosystem featuring:
Cutting edge integration for a seamless onboarding experience for non crypto-native users.A non-custodial Automated Market Maker (AMM) style Decentralized Exchange (DEX) powered by liquidity providers & liquidity pools using native USDC as the base pair token.Oracle based multi-asset Index pools which increase diversification and reduce volatility.Native margin trading capabilities including a universal cross collateral vault.Native bridging capabilities to Ethereum Virtual Machine (EVM) chains & Inter-Blockchain Communication (IBC) enabled blockchains, for optimal UX and value capture.Onramps for major fiat currencies such as USD, EUR, GBP, CAD, etc.
Innovating DeFi for All: Built for the Future
Elys Network is built on the principles of sustainability that will ultimately shape the new era of DeFi. The platform will generate non-inflationary yield from multiple sources, which will be distributed via a revenue sharing model to the network participants, like Liquidity Providers and Stakers. This means that all participants in the network will be rewarded using sustainable mechanisms from the beginning. Elys is designed from the ground up to not be reliant on inflationary reward mechanisms other than the initial bootstrapping phase. All participants in the network, including Liquidity Providers, Node Operators, Delegators, and the protocol itself have clear paths to long-term value accrual.
Elys Network Development
Currently in testnet, we have built our blockchain from the ground up, utlizing the latest version of Cosmos DSK and introducing several custom modules designed in-house. Elys code is open-source and always available for review on Github.
The Elys Network testnet blockchain explorer can be viewed here. The explorer includes a chain dashboard, active validator set with uptimes and commision, and governance.
Mission Statement
To create a self-sustaining, open sourced, decentralized suite of applications and tools that allow anyone to access financial services
Core Values
Accountable, Decentralized and Collaborative, Trust and Transparency, High Quality, Safe and Secure, Forward-looking, Simple and Easy
#DexTrade #DEFİ #Cosmos🥷 #BinanceLaunchpool #Oracle
Reg: ---> https://elys.bonusblock.io?r=CeSBsDCx <------
