TLDR Crypto Daily Update 2022-04-22

Tron stablecoin ๐Ÿช™, Web3 salary data ๐Ÿ’ฐ, crypto developer survey ๐Ÿ‘จโ€๐Ÿ’ป

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Innovation & Launches

Tron to Create Algorithmic Stablecoin to Be More Like Terra (4 minute read)

Justin Sun has announced a stablecoin from Tron that will begin issuing on May 5. The USDD stablecoin will be backed by algorithms, similar to Terra's UST stablecoin. Tron DAO will raise $10 billion in reserves over the next 12 months to provide liquidity in case of emergencies. Tron's native token TRX went up 15% due to the announcement and now has a market cap of $7.2 billion. The network supports less than 12 applications, compared to the hundreds on Ethereum, Fantom, and Avalanche.

After a year of building, we are excited to announce Scroll, a zkEVM-based zkRollup on Ethereum (3 minute read)

This Twitter thread introduces Scroll and gives readers a quick overview on how the technology works. Scroll is a zero-knowledge rollup on Ethereum that aims to make interacting with layer 1 Ethereum easy for both developers and end-users. It is fully Ethereum Virtual Machine-compatible, so it provides the exact same experience as Ethereum but with significantly reduced gas fees and increased throughput. The team recently raised $30 million for initial development and it is working towards a testnet release.

A16z Forms Crypto Research and Coding Unit to Help Web 3 Startups (1 minute read)

Andreessen Horowitz (a16z) has announced a new crypto research team. a16z crypto research provides researchers direct access to the most important problems faced by web3 founders, opportunities to collaborate with various teams, and knowledge in an environment that would be impossible to replicate in an academic setting. The founding team consists of a group of multidisciplinary academics. a16z crypto research will be led by Tim Roughgarden, a researcher and computer science professor who has spent 20 years at Stanford University and Columbia University.

Frax, Terra-Backed 4pool Goes Live on Fantom Network, Attracts $31M (1 minute read)

The Curve-based 4pool is now live on the Fantom network. It will be tested on the Fantom and Arbitrum networks before being deployed on Ethereum. The 4pool locked up $31 million in value hours after launch and it is currently paying out daily yields of nearly 0.5%. Projects interested in the 4pool may receive operational support from Frax Finance and Terra.
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Guides & Resources

Polygon scaling solutions (3 minute read)

Polygon is not just a low-cost Ethereum-friendly alternative to Ethereum's Mainnet. It is a toolbox of many scaling solutions powered by MATIC tokens. This Twitter thread presents seven projects for Ethereum scaling that serve different user, developer, and stakeholder needs.

A ๐Ÿงต on the @moonbirds_xyz drop mechanic (4 minute read)

Moonbirds moved to a raffle model for their airdrop eight days from mint to avoid a wasteful gas war and to give regular people a better chance. This Twitter thread details the method used to generate the raffle. While the technique used wasn't perfect, it prevented a majority of bots from getting through.

Here are my thoughts and analysis on Near's potential (7 minute read)

This Twitter thread talks about Near and why the protocol has the potential to become one of the top blockchains. Near is a layer 1 blockchain that promises to be faster, cheaper, and more secure than Ethereum. It scales through dynamic sharding, a method that partitions data into several pieces that can be processed in parallel with each other. The network has the potential to process over 100,000 transactions per second. Near has a well-known development team and strong financial backing.
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Miscellaneous

web3 salary transparency (Google Sheet)

This Google Sheet lists the results of a survey on web3 salaries and compensation. It contains information such as the type of work or startup and how much workers are paid. Responses are anonymous, and a link is available for anyone to submit their own rates. A resource tab Is available with links to job listings, marketplaces, benefit programs, and more.

New Data: Developers & Web3 (4 minute read)

This article contains a summary of the results from Stack Overflow's Developers & Web3 survey. The survey asked 595 developers about what they think of web3, their opinions on blockchain, the languages used to develop web3, and more. The popularity of web3 is undeniable, and people are learning about blockchain at an astronomical rate.

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