The fifth edition of our curated newsletter.
In today’s newsletter we look at:
- Binance investigation
- Alternative DEXs
- Valuing DeFi tokens
- Explanation of the Miner-Extractable Value
- Side-chains misinformation
The U.S. Commodity Futures Trading Commission (CFTC) took an interest in Binance. Rumor has it that the commission is concerned that the exchange has allowed U.S. investors to buy and sell crypto derivatives products while not being registered under the government agency’s oversight. Meanwhile, Changpeng Zhao, Binance CEO, keeps saying it’s all FUD.
Off Ethereum: The List of the Hottest Alternative DEXs
The Yield app has done its research and put together a piece on the most exciting DEXs. The situation with skyrocketing Ethereum gas fees is forcing people to switch to other blockchains such as Binance Smart Chain (BSC), Polygon (formerly Matic), Avalanche, and Polkadot. Read the article to learn why the PancakeSwap (a questionable one as it has just been hacked), QuickSwap, Pangolin, Honeyswap, Lattice Exchange, and Polkaswap are so awesome.
Bankless, the ultimate guide to DeFi, Ethereum, and Bitcoin, has shed some light on some general and sector-specific token metrics you should know. If you’re unsure how to evaluate a DeFi protocol token before investing, it is a must-read. From Total Value Locked to DEX Trading Volumes and Active Cover Insurance – the newsletter explains it all.
MEV: Unhealthy Dynamic Explained by Chainlink
Chainlink, a network of nodes that delivers data from off-chain sources to on-chain smart contracts via oracles, has published an article explaining Miner-Extractable Value (MEV). A possible loophole in the smart contacts model, MEV, makes for a dynamic where miners can set the order to process transactions in a certain way and use it to their benefit. Apparently, this is not just a possibility but a present-day reality on decentralized exchanges (DEXs) that comes in the form of transaction front-running.
How to Spot a Side-chain Charlatan and Keep Your Penny Safe
It turns out, not all side-chains are as legitimate as one would think. In its latest article, Gourmet Crypto that covers technical insights on smart contracts blockchains and DeFi dives into Layer 2. Simple real-life samples and a refreshing sense of humour make it easy-to-understand even for crypto newcomers.
This is a weekly newsletter curated by Mercuryo team. We cover the most sparkling events in the industry and sharing more about our journey.