Justin Sun has tweeted that incentivized mining output for the SUN token will be reduced by 20%. Is this just another memecoin gimmick, or are the fundamentals sound? The Tron boss seemingly expects this will boost the token’s value. Tron will also add new pairs to the incentivized liquidity mining available on Sun.io beginning Sept. 30. The recent appearance of SUN is supported by the memecoin craze and the rise of DeFi yield farming. The Purpose of the Sun One problem is that the intended use for the SUN token
Rate this post Two well-known crypto exchanges, KuCoin and Poloniex, have teamed up in order to do proper research of the crypto industry. It is believed that this partnership will take the crypto industry forward. It is revealed that jointly, both these firms will be working towards liquidity sharing, PoS and PoW mining pools, research and development of the technology, and many other things. Both KuCoin and Poloniex believe that instead of competing against each other in the same industry, one should work together. The crypto exchanges aim to take
Bitcoin (BTC) losing 5% in a day has sparked major changes for miners, data shows as mining pools suddenly send large amounts of BTC to exchanges.Data from on-chain monitoring resource CryptoQuant reveals that Sept. 2 saw outflows spike across major mining pools.CryptoQuant expects “war” over BTC bull marketTaking three pools — Poolin, Slush and the now-defunct HaoBTC — total outflows for Wednesday hit 1,630 BTC ($18.5 million).The figure dwarfs those seen recently, and came as BTC/USD rapidly lost $12,000 levels to bounce off $11,150.Mining pool outflow comparison. Source: CryptoQuant/ TwitterFor
YFII is a DeFi protocol that facilitates yield aggregation and uses a token halving model to ensure equitable distribution of tokens. It is a fork of YFI. Decentralized lending is the driving force behind decentralized finance (DeFi) projects. Those who provide liquidity to these projects earn interest through yield farming or liquidity mining. Some DeFi networks have their own token that increases rewards to yield farmers. Others like YFII have been forked from other protocols to prevent a reduction in pool liquidity through a scheduled halving model. In the Chinese
Responding to numerous 51% attacks on the Ethereum Classic blockchain, ETC Labs said that it's time to bring regulation to hashpower rental marketplaces, citing the fact that at least two of the attacks were perpetrated by renting hash power through NiceHash — a claim that has been confirmed by both NiceHash and ETC Labs. ETC Labs CEO Terry Culver also shared with Cointelegraph that according to the information that was provided by CipherTrace, which was hired to investigate the attacks, the attackers used proceeds from the first attack to rent hashpower for
Does the mention of Sushi remind you of Japan? Well, now it should remind you of something else, decentralized finance (DeFi). Just as Sushi is popular in Japan, SushiSwap is popular in the DeFi world. Part of its popularity comes from the fact that $250 million was locked in its smart contract within 24 hours of its release. This mirrors another DeFi protocol, YAM, which has gained a lot of hype but was later destroyed by errors in its smart contract and nearly faded from existence in a few days.