Blockchain

Key Takeaways Sushi has created a platform called MISO for new projects to list tokens on SushiSwap. MISO is a suite of smart contracts that allows for the creation of tokens to be sold in crowdsale or auction formats. The first sale on MISO will feature 888 tokenized bottles of sake listed in a Dutch auction format. Share this article Sushi is releasing a rare bottle of tokenized sake with an eye-watering price tag on its new launchpad.  Sushi Launches New Launchpad  Sushi has created a launchpad for new projects to sell their tokens.  The Minimal Initial SushiSwap Offering, abbreviated to MISO, is a suite of smart contracts that will allow projects to launch ERC-20 tokens on the SushiSwap exchange. In addition to listing on the popular DEX, MISO projects will gain access to Onsen, Sushi’s popular liquidity mining rewards program. Tokens that can be created fall under three categories: fixed supply, mintable, and governance token. MISO will let projects choose between a crowdsale, Dutch auction, and batch auction to sell their tokens.  The Sushi team is best known for creating SushiSwap, one of Ethereum’s most popular automated market makers. The decentralized exchange launched in chaotic fashion during the height of DeFi summer last year and has since become one of DeFi’s favorite platforms, holding about $4.65 billion in liquidity today. Sushi, whose team is mostly made up of a group of pseudonymous developers, has since expanded its offering, launching products like lending and margin trading and heading to other Layer 1 chains.  The MISO platform will launch with the sale of SAK3, an ERC-20 token that can be redeemed for a physical bottle of sake. SAK3 is a rare style of sake called Junmai Daiginjo, which is reflected in the supply: only 888 will be available, with an initial 200 to launch on Ethereum. It will go on sale this Thursday in a Dutch auction format, with bidding starting at 88,000 SUSHI—the equivalent of around $1.73 million at today’s prices. Billed as the world’s first tokenized sake, the token is reminiscent of another that was released by SushiSwap’s biggest rival, Uniswap. The Ethereum-native exchange launched a pair of tokenized socks called SOCKS in 2019, sold on a bonding curve and limited to a supply of 500. One pair goes for $72,149 today.  Disclosure: At the time of writing, the author of this feature had exposure to ETH, ETH2X-FLI, and several other cryptocurrencies. They also had exposure to UNI and SUSHI in a cryptocurrency index.  This news was brought to you by ANKR, our preferred DeFi Partner. Share this article 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. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. SushiSwap Launches New Lending and Margin Trading Platform SushiSwap will allow margin trading of some crypto trading pairs that are not available in the market due to lack of liquidity. The move has seen many mid-sized whales enter… After Successful Launch, Solana DEX Raydium May Integrate SushiSwap SushiSwap on Solana? Thanks to Raydium, it may happen soon.  Proposed SushiSwap Integration  Raydium, a new automated market maker (AMM) built on the Solana blockchain, may integrate SushiSwap.  A proposal… All You Need to Know About DeFi’s SushiSwap Saga (But Were Afrai… The SushiSwap saga and its native token, SUSHI, will go down in crypto history.  What began as a tokenized version of Uniswap has spiraled into something much more. It reminds… What Are Non-Fungible Tokens (NFTs)? Tokenization is well-suited for commodities like fiat currencies, gold, and physical land. A fungible asset’s representation on blockchain makes commodities tradable 24/7 via borderless and frictionless transactions. Fungible goods are…

Key Takeaways UMA has launched a new system that resolves price requests without relying on an oracle for data. The system works “optimistically,” meaning disputes are only raised if the requested data is wrong. UUMA launched as a DeFi platform for synthetic assets but hopes to become a powerful tool for building any kind of financial contract. Share this article UMA unveils its “Optimistic Oracle.”  UMA Launches Major Update UMA, the DeFi protocol aiming to create “Universal Market Access,” has launched a new system for resolving price requests called the “Optimistic Oracle.”  The project’s co-founder Hart Lambur announced the update in a Thursday blog post. The concept of an Optimistic Oracle is something Lambur has long discussed when promoting UMA. The protocol initially launched as a platform that allowed anyone to create synthetic assets but has evolved at a fast pace over the last year. It’s hoping to become a platform for all kinds of financial contracts, and the Optimistic Oracle is one of the fundamental parts of its design.  Most DeFi protocols rely on oracles such as Chainlink to get accurate price data. Synthetix, for example, uses Chainlink. UMA works differently in that it runs a “priceless” mechanism. It works by allowing anyone to push an answer on-chain, and disputes are only raised if the data is incorrect.  The Optimistic Oracle system features three actors: one requesting a price for the contract (“the requester”), one proposing the price (“the proposer”), and another that can dispute prices they disagree with (“the disputer”). As it operates optimistically, there are rarely ever any disagreements; UMA says that it’s seen “fewer than five legitimate disputes” over the last year.  The dispute period gets set by the requester, to which the proposer posts a bond and suggests a price. If there are no disputes, the data gets finalized quickly at a low cost. When the disputer disagrees with the proposal, the request gets sent to UMA’s Data Verification Mechanism. Disputes are handled by UMA token holders within a 48-hour time window.  UMA’s, the DeFi “Blue Chip”  Although oracles are seen as a cornerstone of the DeFi ecosystem, UMA’s innovation could prove to be an effective system for pulling price information on-chain. An Optimistic Oracle is particularly useful, Lambur writes, for “super precise data” such as prices related to options, insurance, and financial contracts. Many popular oracles struggle to provide precise data when required.  The Optimistic Oracle code has been audited by OpenZeppelin and already secured $200 million worth of synthetic tokens. It can be integrated into any DeFi protocol; the post notes that Opium Protocol already has partnered with the project. Andrey Belyakov, the founder of Opium Protocol, said:  “We are happy to cooperate with UMA mixing their optimistic oracle approach with our financial primitives to create mind-blowing use cases. No spoilers, but we are shooting for the moon.” Meanwhile, UMA has promised “more integrations, partnerships, and improvements” over the next few months.  UMA is one of Ethereum’s leading DeFi protocols, widely regarded as a “blue chip” of the ecosystem. It recently launched a joint project with YAM called Degenerative Finance; the teams began offering WallStreetBets-tracked stocks after the GameStop saga in March. UMA has enjoyed steady growth along with the rest of the market this year, with a market cap of just over $1.5 billion. The UMA token trades at roughly $25 today.  Disclosure: At the time of writing, the author of this feature owned ETH, SNX, and several other cryptocurrencies.  This news was brought to you by ANKR, our preferred DeFi Partner. Share this article 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. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. UMA, Yam Finance Launch WSB-Tracked Stocks Degenerative Finance is launching a stocks index that “tracks the sentiment of the r/WSB community.” Degenerative Finance Eyes WallStreetBets  Degenerative Finance, the partnership project of UMA and Yam Finance, is… DeFi Project Spotlight: Degenerative Finance and uGas Ethereum Futures uGas is the first project launched by Degenerative Finance, itself a partnership between last summer’s popular DeFi platform, YAM Finance, and UMA Protocol. The uGas offering will be the focus… What Are Non-Fungible Tokens (NFTs)? Tokenization is well-suited for commodities like fiat currencies, gold, and physical land. A fungible asset’s representation on blockchain makes commodities tradable 24/7 via borderless and frictionless transactions. Fungible goods are… Synthetix Now Allows Users To Trade Top Tech Stocks DeFi trading platform Synthetix has added support for new synthetic assets that follow the price of popular U.S.-based tech stocks. Synthetix Offers FAANG Trading Synthetix’s community governance body, synthetixDAO, voted…

Share this article Polygon lands another massive integration: 1inch Network has launched on the scaling solution.  1inch DEX Launches on Polygon  1inch Network, the popular protocol that aggregates some of DeFi’s most essential projects in one app, has gone live on Polygon.  1/ In the Age before #Crypto, the world was shrouded by fog. But then there was Fire. And with Fire came disparity. And #ETH with #BSC were born. The 3rd world had always been a tale of ancient #degens. But the truth appeared before #1inch mascot in the form of a green portal. pic.twitter.com/2V6WHp0EnD — 1inch Network (@1inchNetwork) May 13, 2021 The move will initially allow users to access liquidity from Curve, SushiSwap, QuickSwap, Aave V2, and Cometh via Polygon, with more sources to be added at a later date.  Polygon is one of Ethereum’s top scaling solutions. It’s had a big year so far, integrating the likes of Aave, Curve, and SushiSwap. Transactions on the network have also exploded, while its native MATIC token has recently risen above $1 (it started the year at $0.18). It has its own Proof-of-Staker consensus algorithm and acts as a sidechain to Ethereum mainnet, processing transactions at a fraction of the cost. It costs less than a cent, paid in MATIC, to process a transaction. Polygon is also targeting sustainability in the NFT space, recently collaborating with Cent, a platform for tokenizing tweets.  Sergej Kunz, the co-founder of 1inch Network, explained that the project’s community had called for the integration. In a blog post announcing the update, he said:  “After the 1inch Network expanded to Binance Smart Chain, there was a massive request from the community to make Polygon available for swapping via 1inch. Currently, the 1inch Aggregation Protocol is already deployed on Polygon, while the 1inch Liquidity Protocol and the 1inch Governance Protocol are expected to expand over to Polygon in the upcoming few weeks.” 1inch went live on Binance Smart Chain in February amid surging gas fees on Ethereum. The price of using DeFi’s base layer has been creeping up again over the last few days, helped by ETH’s record prices and a frenzy for so-called “dog coins.” Now that the popular aggregator has gone live on Polygon, users will have another affordable alternative.  Disclosure: At the time of writing, the author of this feature owned ETH, CRV, AAVE, and MATIC. They also had exposure to SUSHI in a cryptocurrency index.  This news was brought to you by ANKR, our preferred DeFi Partner. Share this article 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. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. 1inch Exchange Goes Live on Binance Smart Chain Decentralized exchange (DEX) aggregator 1inch Exchange has launched its service on Binance Smart Chain (BSC). 1inch Expands to Binance Smart Chain 1inch Foundation has deployed its DEX aggregator and liquidity… Polygon Transactions Explode After DeFi Expansion Polygon’s on-chain activity suggests exponential growth over the last month, largely driven by DeFi projects expanding to the platform. Polygon Experiences DeFi Growth  As Ethereum faces scaling issues and high… What Are Non-Fungible Tokens (NFTs)? Tokenization is well-suited for commodities like fiat currencies, gold, and physical land. A fungible asset’s representation on blockchain makes commodities tradable 24/7 via borderless and frictionless transactions. Fungible goods are… Behind Polygon’s Mission to Become the “AWS of Ethereum… Ethereum’s exorbitant gas fees have made headlines all year long. But for every bottleneck lies a business. And one fast-rising star in the scalability race is Polygon (previously Matic), a…