Although there have been ups and downs in the cryptocurrency market this October, most asset performances have remained largely constant. If you’re looking to see what the crypto market has been up to? Then keep on reading.
Some Ethereum (ETH) wallet addresses may now track their Ether balances directly from the Google search engine thanks to Google’s most recent cryptocurrency feature, eliminating the need to visit Etherscan. Han Hua, the founder of Google Ventures, initially announced the feature in a tweet on October 11, 2022. Recent initiatives imply that Google is playing a significant part in introducing internet users to the realm of Web3 and blockchain-based services.
In order to participate in the Ethereum Merge frenzy, Google embedded a countdown ticker until Ethereum switched from proof-of-work (PoW) to proof-of-stake (PoS).
The new function is an addition to Google’s October 11 collaboration with cryptocurrency exchange Coinbase, which will permit its users to pay for cloud services in cryptocurrencies beginning in early 2023.
Adirize (ADI) owns its liquidity as opposed to renting it. The majority of user-provided liquidity is a key component of decentralised finance protocols. This reliance is beneficial for dispersing liquidity and maintaining market efficiency, but it is detrimental to safeguarding the protocol’s long-term worth from short-term market fluctuations.
The question of incentives must also be taken into account. If high returns are not paid, liquidity providers will leave the protocol and switch to another one, thus protocols must pay them higher rates to keep them on board.
Adirize eliminates the issue of liquidity migration by keeping its liquidity. It purchases liquidity from its clients in exchange for discounted ADI tokens, a process known as bonding. By keeping the vast majority of the protocol’s liquidity, Adirize protects the value of the reserve-backed ADI tokens and maintains its liquidity.
The price of ADI is largely permitted to “float,” despite the fact that Adirize trades on an open market. This indicates that the value of ADI is not tied to the price of another asset, like the US dollar, but rather is determined by the free market. Because it is subject to the whims of supply and demand, just like any other non-pegged asset, its price in dollars can and has been volatile.
Nevertheless, it’s believed that ADI has a “floor price” or “risk-free value (RFV)” equal to the worth of the assets backing each token. The protocol treasury’s current RFV, which includes a discounted value of the LP tokens to account for risk, is equivalent to stablecoins.
The Web3 Foundation’s signature protocol is the layer-0 Polkadot (DOT) blockchain network.
A series of foundational courses in blockchain technology and the Polkadot platform are being introduced by the Web3 Foundation and the leading global online learning platform edX. The Web3x four-part series will also examine the Substrate software development kit and the Rust programming language in addition to covering the fundamentals of blockchain technology.
As of now only the first two courses—”Introduction to blockchain and Web3″ and “Introduction to Polkadot”—will be available on the Web3x webpage. The earlier course delves into the background, vocabulary, and technology of blockchains, Bitcoin, Ethereum, and Web 3. The latter introduces the main terms used to describe the shared security, interoperability, cryptography, consensus, and networking components of Polkadot to the learners.
Both courses have starting dates of October 27 and are open to everyone.
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Adirize DAO (ADI)
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