Yearn Finance consumes Pickle without voting for governance

Yearn Finance took over Pickle Finance following a hack.

New strategies, returns and tokens will be available for farmers.

The PICKLE price rises and falls as YFI drops 9%.

The decentralized financial platform Yearn has absorbed the Pickle Finance protocol

The move follows a hack over the weekend that resulted in the loss of $ 20 million in stabkecoins, but the community had no say in the decision.

Yearn Finance has partnered with, or rather absorbed, Pickle Finance in an effort to increase rewards for bettors and pay off some of the victims of the flash loan attack that happened on November 21.

Yearn founder Andre Cronje’s announcement said this was done to reduce duplication of work and increase specialization. Pickle was cloned from Yearn Finance, which launched a “backscratcher” vault earlier this month, as its Jars are based on the old protocol v1 vaults.

Some argue that the takeover makes sense given that they share the same code. Yearn would be able to introduce new strategies for stablecoin yield farming that Pickle is offering.

What, no vote on governance?

Usually with major decisions for DeFi protocols there is a vote on governance, however, this is also often manipulated by whales which calls the whole premise into question.

A member of Yearn’s team, using the pseudonym „tracheopteryx.eth“ [@tracheopteryx], explained why a governance vote was not necessary.

The partnership will include the merger of Yearn’s v2 chests and Pickle Jars in addition to their Total Locked Value (TVL). Since creating a new vault is permissionless, there is apparently no need to vote on it.

Additionally, the rewards will come in the form of Pickle tokens and something called DILL, which can be locked in over time for better returns. They can also be used for the governance of these chests or “gauges” as they will be called. This does not affect YFI holders so, again, no voting is necessary.

The Pickle team will migrate to Yearn and a new token called PICKLE will be launched to track the losses from the recent Evil Jar exploit. These tokens will be distributed proportionally to the victims of the attack.

Czy Bitcoin kiedykolwiek zostanie zastąpiony?

Bitcoin jest defacto królem krypto walut, choć wielu uważa, że ich żeton jest lepszy.
Bitcoin jest przez wielu postrzegany jako powolny i nieporęczny, ale nadal jest ulubioną kryptokurrency wśród nabywców instytucjonalnych.
Czy inna moneta kiedykolwiek wyprzedzi Bitcoin’a jako figurkę kryptojańskiej waluty, a jeśli nie, to dlaczego?

Bitcoin jest postrzegany jako nagłówek ruchu krypto walutowego, i to nie bez powodu. Była to pierwsza krypto waluta, a 12 lat później nadal jest Crypto Bank największa pod względem pułapu rynkowego sześciokrotnie przewyższająca tę wartość. Zwolennicy innych żetonów często oczerniają Bitcoin’a od powolnego tempa, małego rozmiaru bloku i problemów z zatorami, które są ważnymi roszczeniami, ale te wady z pewnością nie utrzymały Bitcoin’a w popularności. Pytanie brzmi, czy przy całym postępie technologicznym, jaki w ostatnich latach dokonał się i nadal będzie dokonywał kryptoreklama, kiedykolwiek pojawi się inna moneta, która zastąpi Bitcoin na szczycie drzewa? Patrzymy na nieznane czynniki, które mogą zadecydować o debacie.

Decentralizacja
Bitcoin jest jedną z jedynych prawdziwie zdecentralizowanych monet na rynku. Nie było za nim ICO, nie było pieniędzy VC, nie było przedminiaturowych i nie było sponsorów, którzy dawali żetony w nagrodę za swój wkład finansowy.

Każda moneta, która ma nadzieję konkurować z Bitcoinem, będzie musiała być udowodniona jako zdecentralizowana, co oznacza, że nie będzie musiała zaczynać od niczego i opierać się pokusie przyjęcia wsparcia finansowego, które wymaga żetonów w zamian. Włamanie się na rynek z takim układem będzie teraz bardzo trudne, jeśli nie niemożliwe.

Rozpoznawanie marki

Bitcoin zbudował ogromną rozpoznawalność marki w ciągu swoich 12 lat, do tego stopnia, że jest jedyną kryptokurłatną walutą, o której miliarderzy i inwestorzy instytucjonalni poważnie dyskutują jako o realnej alternatywnej walucie lub sklepie z wartością.

Każda moneta, która chce wyprzedzić Bitcoin jako pierwsza kryptokurna waluta, będzie musiała osiągnąć równy poziom rozpoznawalności marki, a może nawet osiągnąć więcej, czego nie można kupić, jak dowiedziały się tysiące innych monet.

Zaufanie
Bitcoin zmienił się z eksperymentu opartego na zupełnie nowej technologii, która mogła się załamać w każdej chwili, w imperium finansowe o wartości ponad 337 miliardów dolarów. Bitcoin stał się imperium finansowym wartym ponad 337 miliardów dolarów. Z używanego głównie przez przestępców do kupowania nielegalnych przedmiotów, stał się domeną jednych z najbogatszych ludzi na świecie.

Potrzeba czasu, aby zbudować zaufanie, a każda kryptoflora z projektami wyprzedzenia Bitcoina jako lidera pakietu będzie musiała zbudować takie zaufanie od podstaw. Bitcoin ma 12 lat przewagi nad wszystkimi rywalami, co będzie bardzo trudne do naprawienia.

Bitcoin wygląda na gotowego do kontynuowania na szczycie.

Te trzy czynniki, między innymi, pokazują, że prędkość, użyteczność, szerokość pasma i inne ulepszenia technologiczne nie mają przewagi nad podstawowymi wartościami, które są ważne dla ludzi, gdy rozważają oni, gdzie umieścić swoje pieniądze.

W miarę rozwoju kryptokurcji będziemy świadkami szybszych łańcuchów blokowych, tańszych transakcji i większego bezpieczeństwa. Ale nawet najszybsza, najtańsza i najbezpieczniejsza moneta nie będzie Bitcoinem, a żaden postęp technologiczny tego nie zmieni.

Bitcoin sees „longest and most stable“ rally ever: 73% gain in just 73 days

Bitcoin’s intense uptrend shows no signs of slowing down in the near future either. The cryptocurrency is now trading over $ 18,000.

Whether or not the mark can be broken permanently depends largely on whether or not trying to reverse the uptrend is possible at this point in time. There are already serious signs of exhaustion among sellers that they may not be able to catalyze a sell-off.

How the overall market trend will develop depends entirely on Bitcoin News Trader and how the asset reacts to that level.

Bitcoin is pushing for new highs for the year as selling pressure eases

Bitcoin has not seen any intense sell-offs in the course of its recent uptrend. At the time of writing, BTC is trading at $ 18,010.

While the bears have tried to spark multiple rejections at this level, they don’t seem too strong for now.

BTC is experiencing the „longest and most stable“ rally ever

A trading company wrote in a tweet about the recent upward trend of Bitcoin , declaring that the Bitcoin price over the past 73 days is shot by cops by about 73% higher.

They consider this to be the „longest and most stable“ rally Bitcoin has seen in its history, as vertical moves like this are typically quick and short-lived.

„This BTC movement is becoming the trendiest (longest & most stable) rally in BTC history – 73 days and + 73% now with just two 10% returns on the way.“

Bitcoin pricing allows DeFi, Ethereum and altcoins to go up in price

Ethereum, DeFi tokens and altcoins capitalized on Bitcoin’s consolidation by rising sharply in the last 48 hours.

Over the past two days, Bitcoin’s price has been trading in the $14,800 to $15,500 range, but the most valuable digital asset struggled to get them to change the $15,500 range as a support.

One positive aspect is that BTC continues to hit higher lows and at the close of this edition the price is trying to break out but still finds resistance in the $15,500 range.

Historic Cali Cartel Drug Trafficker Using Crypto-Coins for Money Laundering Falls in Marbella

While the price of BTC has bounced back and forth, the altcoins and DeFi tokens capitalized on the consolidation phase and turned bullish.

DeFi has one day

Top 3: $YAX + 73%$MTA + 35%$BZRX + 19% pic.twitter.com/km4jqZuSCX
– Messari (@MessariCrypto) November 10, 2020

As Messari indicated in a tweet earlier today, DeFi tokens such as Yearn Finance (YFI), AAVE, Balancer, and UNI are all above two digits. Most notably, YFI has earned approximately 160% after bottoming out at $7,444 on November 5, and in the last two days, AAVE has gone up a bit more, as the token has gone up 175% from $25.87 to $70.91.

Aside from these tokens, a handful of smaller-cap tokens in the decentralized exchanges are also accumulating gains, and data from Dune Analytics indicates that investors are starting to become more active in the DeFi space again.

They will organize a virtual meeting to talk about the importance of the self-custody of crypto-currencies

Daily volume of DEX exchanges. Source: Dune Analytics

As DEX trading volumes increase, so does the number of active users on a daily basis, and today the industry reached a new record, as DeFi Pulse indicated that the total value locked in on DEX platforms rose to $12.87 billion.
Total value blocked on DeFi (USD). Source: DeFi Pulse

Although it is probably too early to ask for an altseason, Ether (ETH) has turned bullish again and in the last 3 hours the altcoin broke its flag structure and rose to $466.60.

According to CoinMetrics analysts, Bitcoin is unmatched due to its early distribution

Analysts have also noted that the ETH/BTC pair broke out of its downward trend and is currently climbing towards the resistance of 0.32323 sats.
Historically, altcoins tend to rebound when the price of Bitcoin is trading sideways, and the strengthening of Ether’s fundamentals could be a sign that DeFi and altcoins may be on the verge of a trend change.

In the short term, traders will be watching to see if BTC can convert the $15,500 level to $16,000 in support, with a chance that this will drive a few altcoins higher. Alternatively, if BTC’s price keeps trading sideways in the next few days, there could be a continuous advance of the main DeFi tokens and a handful of altcoins.

SheeldMarket labeled prime broker by the AMF and supported by Tim Draper

SheeldMarket is a French startup that aggregates marketplaces on a single platform.

The company recently obtained the registration of its activity with the AMF.

Tim Draper financially supports the French project via Draper Dragon.

SheeldMarket is a French startup that aggregates marketplaces on a single platform. The company recently obtained the registration of its activity with the AMF.

SheeldMarket was accelerated at UC Berkeley, before joining the Agoranov incubator in Paris. In May 2020, the company raised € 1 million from French (Kima Ventures, Axeleo) and American (Draper Dragon) funds. In June, SheelMarket launched a trial phase with an American fund to validate its technology.

What needs does SheelMarket meet?

The cryptocurrency market is fragmented and not ready to welcome institutional investors. Indeed, there are currently more than 50 marketplaces on which to buy and sell cryptocurrencies. Each has its price, its account opening process, and above all an obligation to fund this account in full before being able to place orders. In order to get the best price and be sure to process your entire position, you should therefore be connected to all platforms at the same time, which represents a considerable cost and workload for an investment fund.

SheelMarket has developed cash management algorithms and process, customers can get the best market prices with just one click. In addition, customers‘ buying and selling intentions are blindly linked in an encrypted dark pool before being transmitted.

Registration with the AMF

Since the end of October, SheeldMarket has been registered with the AMF as a Service Provider on Digital Assets (PSAN) for the custody of digital assets and the purchase / sale of digital assets. Famous investor and billionaire Tim Draper seems to be enjoying the news on Twitter.

Exchange becomes fourth structure after Coinhouse , StackinSat, and LGO Exchange to be registered as a PSAN

Oliver Yates, President of SheeldMarket, said:

This registration represents an important milestone for our company and the crypto ecosystem in Europe, as there is currently no similar solution that complies with regulations for European investors.

Gråskala: 55% av amerikanska investerare är intresserade av Bitcoin

I KORTHET

  • Grayscale Investments publicerade en undersökning om känslan kring bitcoin.
  • Mer än hälften av de tillfrågade är intresserade av bitcoin.
  • Investerare har tagit upp BTC under de senaste fyra månaderna.

Om det verkar som att fler investerare hoppar på bitcoin-tåget med priset som nu handlas över $ 13 000, beror det förmodligen på att de gör det. BTC-priset berörde en ny höjdpunkt för året på $ 13 500 den 27 oktober, och grundläggande verkar bara bli starkare.

Förvaltare av digital valuta Grayscale Investments publicerade sin 2020-undersökning om bitcoin-sentiment och resultaten är hausse. Grayscale, via 8 Acre Perspective, överträffade 1 000 konsumenter över hela USA mellan 25 och 64.

Enligt Grayscale har investerarnas intresse för Bitcoin väckts, med mer än hälften eller 55% av de tillfrågade som uttrycker en önskan att investera i den ledande kryptovalutan. Detta jämförs med drygt en tredjedel av de svarande i undersökningen 2019.

Bitcoin har också fart på sin sida, eftersom mer än 80% av respondenterna i undersökningen sa att de lade till exponering för bitcoin under det senaste året. Mer än en tredjedel av den delmängden investerade bara under de senaste fyra månaderna.

Gråskala erkände också motvinden som hindrar människor från att ta steget in i digitala tillgångar. Några av de största hindren inkluderar ett „behov av tillgång till investeringsinkomster“ för pension, volatilitet och risk.

Som ödet vill ha det kan riskpendeln börja svänga i motsatt riktning. Till och med JPMorgan har kommit i full cirkel och säger enligt uppgift i en färsk rapport att bitcoin erbjuder „betydande uppåtriktning“ som en alternativ investering till guld.

Följ skyltarna

Förutom gråskala finns det andra tecken på att bitcoinintresset ökar. Enligt Google Trends har sökningar efter termen „bitcoin“ varit en uppgång de senaste veckorna, även om sökningar förblir under deras topp under året, vilket inträffade i maj.

Bitcoin mindre riskabelt

Det kan också bero på att bitcoin som en tillgångsklass blir mer mogen. Mike Novogratz, VD för Galaxy Digital, verkar tro det och sade i en tweet att bitcoin på en riskjusterad basis „är en lättare satsning idag än den någonsin har varit“, och tillade att det „riskeras dagligen.“

Raoul Pal, ekonom, medgrundare och VD för Real Vision Group, kunde inte hålla med mer.

Handlaren Luke Martin jublade också denna dynamik och sa att med investering kommer det att vara upp-och nedgångar medan han förklarar,

„Golvet är högre för Bitcoin än någonsin.“

Kryptomarknadsledare har också utrått det faktum att bitcoin har handlat oberoende från aktier för sent, med Gemini’s Cameron Winklevoss som säger „frikopplingen är över oss.“ Denna teori verkar hända i krångel.

Mercados de previsão e pesquisas divergem nas probabilidades eleitorais do Trump

Pesquisas e modelos de previsão dizem que Joe Biden é um grande favorito. Mercados de previsão baseados em criptografia no FTX e no Polymarket têm a corrida muito mais próxima.

  • Os principais modelos de previsão baseados em pesquisas colocam a probabilidade de reeleição de Donald Trump entre 4% e 14%.
  • Os mercados Polymarket e FTX mostram uma corrida mais acirrada, colocando as chances de Trump em 38%.
  • Os estudiosos discordam sobre os méritos das pesquisas e dos mercados de previsão.

De acordo com o modelo de previsão eleitoral da The Economist, o Presidente Trump tem apenas 4% de chances de ser reeleito. Mas na plataforma de previsão baseada no Ethereum Polymarket, custará $0,38 para você apostar nele (equivalendo a uma probabilidade de 38%) contra $0,62 para Joe Biden.

O que dá?

Os mercados de apostas – descentralizados ou não – têm dado a Donald Trump melhores chances do que as pesquisas, muito menos modelos de previsão que também levam em conta o contexto econômico, histórico e demográfico das eleições de 2020.

O professor de ciências políticas do estado de Ohio Thomas Wood, escrevendo no período que antecedeu as eleições gerais de 2016, argumentou que os mercados de predição raramente cumprem. Ele apontou para as primárias do Partido Republicano naquele ano, quando os apostadores demoraram muito tempo para se dedicar ao algodão, para o fato de que Trump poderia vencer a troca de Jeb Bush para Marco Rubio, mesmo quando Trump já estava à frente nas pesquisas.

Naturalmente, o resíduo das eleições gerais daquele ano parece ser o que está mantendo o preço de Trump (talvez artificialmente) alto. O refrão padrão é:

„Hillary Clinton subiu nas urnas, assim como Joe Biden está, e veja o que aconteceu“.

Entretanto, de acordo com o agregador de pesquisas FiveThirtyEight, Clinton teve cerca de 4% de vantagem nacional no dia das eleições. A liderança nas pesquisas de Biden é atualmente de 8,4%. A liderança de Clinton era vulnerável a uma margem de erro normal e a vantagens mais finas nos estados do campo de batalha, o que levou a uma vitória popular no voto e à derrota do Colégio Eleitoral. O Trump terá que superar mais para derrotar Biden neste campo de batalha.

Nem todos concordam com a metodologia do Nate Silver

Em um posto médio de 2018 que foi retirado de entrevistas com a ex-escritora Mona Chalabi, professora de Matemática Aplicada David Sumpter, da Universidade de Uppsala, na Suécia, apontou para a FiveThirtyEight, dizendo que seu modelo estatístico é intencionalmente colorido pela intuição de sua equipe (em sua maioria branca, democrata, masculina):

„É difícil para um grupo de pessoas que têm todos o mesmo histórico identificar todos os fatores complexos envolvidos na previsão do futuro“. Os mercados de previsão permitem que pessoas com diferentes antecedentes contribuam para fazer melhores previsões“.

Embora boas estatísticas sejam difíceis de se obter, os mercados de apostas criptográficas – ou de período de apostas – são igualmente dominados por um pequeno subconjunto de pessoas. De acordo com uma estimativa da Coin Dance, apenas 14% do engajamento comunitário dentro da Bitcoin Compass vem de mulheres. Da mesma forma, as apostas online são dominadas por homens. Isso é importante notar ao observar as divisões demográficas nas pesquisas presidenciais, onde o presidente Trump geralmente lidera Joe Biden entre os eleitores brancos do sexo masculino.

Dado que o dinheiro está em jogo, não faz muito sentido que The Economist (96% a 4% a favor de Biden), FiveThirtyEight (90% a 10%) e DecisionDeskHQ (86% a 14%) tenham o candidato democrata na liderança, enquanto os apostadores o vêem como uma corrida mais acirrada.