TLDR CRYPTO 2023-05-26

PARADIGM BROADENING CRYPTO-ONLY FOCUS TO AREAS INCLUDING AI

EYEBALLS

CICADA: PRIVATE ON-CHAIN VOTING USING TIME-LOCK PUZZLES

Cicada is a new, open-source Solidity library designed for private on-chain voting on Ethereum. This system leverages time-lock puzzles and zk proofs to maintain voting privacy. Current on-chain voting systems are vulnerable to manipulation due to lack of privacy, but Cicada aims to mitigate this risk by offering running tally privacy, ensuring vote counts remain confidential until the voting period concludes. The tool also provides a framework that can be combined with anonymous voter eligibility protocols to enhance ballot privacy.

BITCOIN PAYMENTS

TRYING TO QUALIFY FOR A GRAVITA AIRDROP

Gravita, a fork of the Liquity protocol, has introduced a new stablecoin, leading to speculation about a future airdrop. To maximize your potential airdrop eligibility, you can follow these steps: mint Gravita's Debt Tokens, contribute to the protocol's stability pool, and provide liquidity for GRAI on Uniswap. As a little background on the protocol, Gravita is seeking to overcome limitations of Liquity, accepting bLUSD and LSDs as collateral.

THE HITCHHIKER'S GUIDE TO THE AUTONOMOUS WORLD

This thread explains the concept of "The Autonomous World" and explores the creation of decentralized on-chain games, where rules and game states are built and managed on-chain. Advantages of these types of games include enhanced composability, asset ownership verification, and player-influenced development. However, some challenges persist, such as a lack of frameworks and scalability concerns. The goal of most of the on-chain game development going on right now is to push the boundaries of what is possible, experimenting with novel technologies like sharded rollups, zk proofs, and more.

ARRINGTON-LED GROUP WINS RIGHTS TO MANAGE CELSIUS ASSETS

Celsius, the now defunct crypto lending platform, is set to relaunch under new management after Fahrenheit LLC, led by investment firm Arrington Capital, who won the bid to manage Celsius's assets. The Fahrenheit consortium will provide resources to revive the company, which will be owned by Celsius's creditors, and in return, the Fahrenheit team will earn an annual $35 million management fee.

BINANCE ENTERS NFT LENDING SPACE, STARTING WITH ETH LOANS

MULTICHAIN EXPOSURE AFTER ‘FORCE MAJEURE’

Yesterday, rumors were swirling about strange activity from Mutichain after a ‘Force Majeure’. This prompted traders to assess what kind of exposure different protocols had, and Fantom stuck out with $650m of its TVL and $458m of its stablecoin ecosystem exposed.

EXCHANGE BITSTAMP

PLATFORM

DCG, already dealing with its bankrupt lending business, is now shutting down its TradeBlock subsidiary, which offers services to institutional investors. DCG acquired TradeBlock in 2020 but is now citing economic and regulatory concerns for the shutdown.

AN UPDATE ON METAPLEX’S NEW FEE ANNOUNCEMENT

In response to community feedback, Metaplex will not charge fees for updating, verifying, freezing, and thawing, but fees will still remain when users mint NFTs. Adjustments will also likely be made if SOL rises significantly.