TLDR Crypto Daily Update 2022-06-10

Stake to reveal ⚡, Story DAO 🎥, Tether on Tezos 🪙

Innovation & Launches

Tether Launches Stablecoin on Tezos to Unlock New DeFi Products (2 minute read)

USDT is now available on Tezos, a Proof-of-Stake platform for creating smart contracts and decentralized apps. Tezos has a unique on-chain governance mechanism that can automatically integrate new features without the need for hard forks. Adding USDT on Tezos will make the on and off-ramps into the Tezos DeFi ecosystem more simple and efficient. USDT is now available on 12 networks.

Chainlink Keepers and Chainlink VRF Go Live on Avalanche (5 minute read)

Chainlink Keepers and Chainlink VRF are now live on the Avalanche Primary Network. Chainlink Keepers is a decentralized transaction automation service that enables developers to automate any smart contract function using custom triggers. The service will enable more advanced apps that are fully automated and decentralized. Chainlink VRF is a highly secure and transparent random number generator that offers developers a randomness solution that is configurable, scalable, and cost-efficient.

Welcome to Story DAO! (4 minute read)

Story DAO is an experimental open Hollywood production platform that aims to unlock the potential of every creator and fan around the world. web3 allows for community ownership and it will change how content is created and consumed. Story DAO is creating a place where communities can create, contribute to, and become co-owners of the next generation of story franchises. New universes will live within their own DAOs and characters and story elements will have their own NFTs. The community will help build out these universes through a create-to-earn model. More details about Story DAO are available in the thread.

Introducing: Stake to Reveal (1 minute read)

Wobblebug's MegaWob NFTs feature a stake-to-reveal system new to the Solana ecosystem. MegaWob holders can choose to reveal their NFTs by staking them for 12 hours, or they can choose to never stake the NFTs to keep their identities secret. Token numbers for unrevealed NFTs are not the same as the token number of revealed NFTs. Holders must stake and reveal their MegaWob NFTs in order to start earning WOB.
Guides & Resources

Cell (Website)

Cell is an NFT protocol for building NFT collections. With Cell, all logic is offchain until minted, making it more flexible, efficient, and versatile. Cell can be used to create enterprise NFTs, NFT storefronts, autonomous NFT printing bots, custom NFT platforms, and more. Demos and tutorials are available.

A thread on key differences in pricing dynamics between Chainlink and Blockchains like Ethereum (2 minute read)

The differences in pricing dynamics between Chainlink and blockchains like Ethereum comes down to what drives user fees. For blockchains like Ethereum, every bit of blockspace costs the same. Blockchain node operators only have to validate transactions. Chainlink is comprised of many micro networks, each with its own economics. Chainlink oracles have to interact with real-world data sources over different services and networks. Each oracle node is paid according to its level of access to data and security.

Ever wanted to leverage trade without the chance of getting liquidated? (3 minute read)

TracerDAO's 3L-ETH and 3S-ETH tokens allow investors to long or short ETH with three times leverage. The tokens can be traded on secondary markets, minted, burned, or flipped. Minting adds tokens to the perpetual pool and burning removes tokens from the pool. Tokens are flipped when switching from a long to a short position and vice versa. The long and short pools pay each other fees to balance out and to create returns for investors. More details are available in the thread.

Bored Ape Yacht Club loses spot as top NFT collection on OpenSea (2 minute read)

The Bored Ape Yacht Club (BAYC) collection has dominated the NFT market in volume since its launch in April 2021. Two new NFT collections recently passed BAYC in volume. The GODA Mint Pass collection is currently number one by volume, with a volume almost twice that of BAYC. The WAGDIE collection was the leading collection during its launch on June 8, but it has since sunk to the number three spot.

Do Kwon Sent $80 Million a Month to Secret Wallets? (2 minute read)

The US Securities and Exchange Commission has reportedly discovered the money laundering activities of Terra's Do Kwon. $80 million of Terra's funds were reportedly sent to different wallets every month for operating expenses. The activity happened a few months before the collapse of Terra. The SEC is investigating Kwon for violating the Securities Act. If the charges are true, Kwon could face legal action in the US.

Keep Up With Crypto in Just 5 Minutes

Kepp Up With Crypto in Just 5 Minutes

Cut through the noise with our daily newsletter, get links and summaries of the newest innovations, tools, and launches in the crypto ecosystem

Join 120,000 readers for one daily email
515 W 18th St. Unit 621
New York, NY, 10011
515 W 18th St. Unit 621
New York, NY, 10011