The 71st edition of our curated newsletter.
In today’s newsletter we look at:
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- Rethinking Airdrops
- Unintended Centralisation in Distributed Ledgers
- Ava Labs Releases All-In-One Web3 Operating System
- More DeFi, Not Less
- dYdX Chain
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Rethinking Airdrops For Next Cycle
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Aidrops help decentralise a project’s native token to the public, and may help raise awareness of a project. But, how effective are these aidrops in the broader context of a new project?
A study done has shown that historically, airdrops are detrimental to a token’s long-term price action. Have a look at the analytics and data in detail here.
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Our partner Sumsub has just released “State of Identity Verification in the Crypto Industry,” – the first report of its kind for this sector!
We were given the opportunity to assist with providing industry-leading insights for this report. This enabled SumSub to draw unique, data-driven conclusions on verification practices among crypto businesses.
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#blockchain #decentralised
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Are Blockchains Truly Decentralised?
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Trail of Bits recently released a research report examining the unintended centralities of distributed ledgers. Over the past year, the firm has examined the fundamental properties of blockchains and cybersecurity risks associated with them.
The short answer to the question? No. Start reading the report and its key findings today to understand how Trail of Bits came to this conclusion.
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Ava Labs Releases All-In-One Web3 Operating System for Avalanche
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Ava Labs has released Core, its non-custodial browser extension for users to seamlessly and securely use Web3, powered by Avalanche. It’s an all-in-one operating system bringing together Avalanche apps, Subnets, bridges, and NFTs in one browser – hopefully making it easier for newcomers to onboard into Web3.
In the future, Core will connect users to Avalanche Subnets, Ethereum, and other blockchain networks!
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The Argument For More DeFi
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What’s happened over the past few months (Terra, Celsius, 3AC) has allowed for market scrutiny and therefore, a more accurate pricing risk and efficient markets.
Mona El Isa, co-founder of Melonport, believes if the core tenants of DeFi (transparency, ownership of one’s assets, and decentralisation) were adhered to and by more companies in the space, things may have worked out slightly differently.
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dYdX announced the dYdX Chain: to be developed as a standalone blockchain based on the Cosmos SDK and Tendermint Proof-of-stake consensus protocol. It will be a platform for the community to continue to build in an integrated way with the protocol token holders fully controlling the system!
The goal is to build open source code that can power a first class product and trading experience.
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Let’s Talk Careers in Fintech Today
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Join us on the journey we’re on. No matter where are you from.
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