TLDR Crypto

TLDR CRYPTO 2023-05-25

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01MARKETS & BUSINESS

02INNOVATION & LAUNCHES

03GUIDES & TUTORIALS

WHY SNX HAS SURPASSED GMX IN VOLUME

Synthetix has surpassed GMX in trading volume, driven by several key factors. It lowered trading fees to as low as 0.02% for certain pairs, significantly increasing trade volume. Additionally, an airdrop program incentivizes traders with $OP tokens that essentially outpace the trading fees they incur on the protocol. Increased decentralization, with trades settled by incentivized keepers and the use of Pyth Network as a primary oracle, has given it greater trust and uptime. Further, decentralizing frontends has increased Synthetix's censorship resistance.

threadreaderapp.com10 min read

FRONTEND

Safer is a tool designed to help sign and submit transactions to a Safe without the need for interaction with Safe's backend or frontend. It is especially useful when the Safe App is down and only the chain can be trusted or used. Safer allows users to execute complex transactions without intermediaries, enhancing DAO resilience. The tool also supports various hardware wallets for signing and is an effective fallback for ensuring continuity when there are problems with Safe or any other application using these features.

github.comGitHub repository

04MISCELLANEOUS

moallemi.com30 min read

A CLOSER LOOK AT THE CURVE ECOSYSTEM

The Curve ecosystem has unique tokenomics and a token emission model with incentives that have fostered a healthy ecosystem and attracted a range of key players including Convex, Yearn, Frax, Conic, Stake DAO, Pirex, Votium Protocol, Llama Airforce, and more. Each of these entities has unique interactions with CRV tokens, from aggregating them, leveraging them to generate yield, or using them as part of yield and governance strategies.

threadreaderapp.com13 min read