How stablecoins stay stable, explained

Crypto-backed stablecoins use what amounts to overcollateralized loans to keep their value correctly pegged.
Crypto-collateralized stablecoins are backed by a basket of one or more other cryptocurrencies.

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Uniswap to Launch on Layer 2 Solution Arbitrum | Crypto Briefing

Key Takeaways

Uniswap V3 is preparing to launch on the Layer 2 solution Arbitrum.
More than than 40 million UNI tokens voted in favor of a governance proposal for the update.
Uniswap V3 will also go live on Optimism when it launches.

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Nervos and CMB International launch $50M blockchain, DeFi and NFT fund

The Nervos Foundation has announced the launch of a fund in collaboration with CMB International, a wholly-owned subsidiary of China Merchants Bank.
The $50 million fund named “InNervation” will be used to make early investments in startups that are building blockchain-based user-centric products.

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Uniswap flips Bitcoin on daily revenue… and it’s more impressive than you think

Uniswap has surpassed Bitcoin in terms of daily fee generation for two days in a row.
The fee flippening was observed by crypto industry blogger Evan Van Ness citing figures from CryptoFees, a website that compares the daily fees generated by the top blockchain networks.

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Hermez Network Preps $825K Airdrop for Gitcoin Donors | Crypto Briefing

Key Takeaways

Hermez Network will airdrop 10 HEZ tokens to 12,700 accounts that participated in Gitcoin Grants round 9.
The airdrop goes live on May 4. Users who donated at least $1 will be eligible.
Hermez Network is a ZK-Rollup solution built to scale Ethereum. It recently launched on mainnet.

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Polygon Targets Sustainable NFTS With Latest Integration | Crypto Briefing

Key Takeaways

Cent now supports Polygon, one of Ethereum’s most promising scaling solutions.
Polygon operates a Proof-of-Stake mechanism, which offers a more energy efficient alternative to Ethereum’s Proof-of-Work system.
Cent has quickly established a place at the forefront of the NFT space.

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Curve Finance Joins Layer 2 Ecosystem, Token Rewards Announced | Crypto Briefing

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website.

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Tether USDT Launches on Layer 2 Solution Hermez Network | Crypto Briefing

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website.

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Tether USDT Launches on Layer 2 Solution Hermez Network | Crypto Briefing

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website.

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