The Daily Index — Friday, July 26, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

PROPOSED ETHENA ALLOCATION TO BLACKROCK BUIDL

Ethena Labs has introduced reward-bearing asset proposals, inviting issuers to pitch for an allocation from its $45 million Reserve Fund and $250 million in USDe's liquid cash backing. Early applicants include Securitize, distributors of BlackRock's BUIDL, and SteakhouseFi's USDC. Governance will be managed by a newly launched Risk Committee of industry professionals to oversee and approve these allocations.

threadreaderapp.com · 3 min

TLDR Crypto

TON BLOCKCHAIN GASLESS TRANSACTIONS GO LIVE FOLLOWING LAUNCH OF NEW SMART WALLET STANDARD

Gasless transactions are now possible on the TON blockchain because of the W5 smart wallet standard recently developed and launched by Tonkeeper. This allows users to pay transaction fees using USDT instead of toncoin. The TON teams hopes to simplify the user experience and encourage wider adoption by eliminating the need to hold native blockchain currency for transactions.

theblock.co · 3 min

TLDR Crypto

JITO RESTAKING: A NEXT-GEN INFRASTRUCTURE PLATFORM

The Jito Foundation has launched Jito Restaking, a hybrid infrastructure platform with two main components: the Vault Program, which manages Liquid Restaking Tokens (LRTs) and enforces slashing conditions, and the Restaking Program, which coordinates AVSs and operators, handling rewards and penalties. This platform enhances token utility, supports various staking strategies, and aims to secure networks with flexible, multi-asset solutions.

threadreaderapp.com · 2 min

TLDR Crypto

UNISWAP VS RAYDIUM

Raydium has half the daily volumes of Uniswap, but higher fees and distribution to RAY holders mean the token accrues more real yield than UNI. RAY's market capitalization is 10% of UNI, giving a market cap to protocol fees ratio of 1.4x versus UNI at 6.7x. This mispricing is likely due to skepticism about Solana memecoin and bot trading, RAY's aggressive issuance schedule, and Uniswap's better brand positioning.

threadreaderapp.com · 2 min

TLDR Crypto

TOYOTA BLOCKCHAIN LAB: HOW TO INTRODUCE MOBILITY INTO THE PUBLIC BLOCKCHAIN

Toyota Blockchain Lab is exploring the concept of Mobility-Oriented Accounts, which would represent vehicles as smart accounts on Ethereum using the ERC-4337 account abstraction standard. Their design addresses critical management challenges and enables multiple stakeholders to be involved in vehicle-related transactions. Toyota deployed the MOA and KeyToken contracts on Ethereum, allowing for the digital representation of basic vehicle operations and granting flexible permissions.

toyota-blockchain-lab.org · 7 min

TLDR Crypto

EASILY CONVERT USDT TO USDC

Users can now transfer USDT on Tron to Coinbase Wallet, where it will convert to USDC on Base for free.

threadreaderapp.com · 1 min

TLDR Crypto

AAVE PROPOSES FEE SWITCH UPGRADE

Leveraging the introduction of Umbrella, Aave has proposed significant upgrades to enhance $AAVE's role in the ecosystem. Key updates include automating secondary liquidity management, transitioning the safety module to a slashing-free staking module, and introducing the "Anti-GHO" ERC20 token. These changes aim to increase efficiency, generate new revenue sources, and improve protocol coverage at controlled costs.

threadreaderapp.com · 2 min

TLDR Crypto

UNISWAP ARBITRUM LIQUIDITY MINING FULL PROGRAM RETRO

Uniswap's Arbitrum liquidity mining campaign successfully boosted liquidity, improved price execution, and increased volume market share by deploying 1.8M ARB tokens (~$1.7M USD).

threadreaderapp.com · 1 min

TLDR Crypto

SCROLL NOW THE ZK ROLLUP WITH THE HIGHEST TVL

Scroll has surpassed Linea to become the ZK Rollup with the highest TVL at $770 million.

threadreaderapp.com · 1 min

TLDR Crypto

UNISWAP VS. RADIUM

A recent analysis of top trading pairs on Uniswap (Ethereum and Base) and Raydium (Solana) revealed that Solana has a significantly higher volume per dollar of TVL compared to Ethereum, with Base close behind.

threadreaderapp.com · 1 min

TLDR Crypto

MARGINFI INTRODUCES THE ARENA

Marginfi has launched The Arena, enabling users to long or short any token on the Solana blockchain with leverage.

threadreaderapp.com · 1 min