TLDR Index
TLDR Crypto

TLDR CRYPTO 2024-06-13

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01GENERAL

02MARKETS & BUSINESS

TERRAFORM AGREES TO PAY $4.47 BILLION IN PROPOSED JUDGMENT WITH THE SEC

Terraform Labs, the company behind the infamous Terra blockchain and UST stablecoin, has agreed to pay the SEC nearly $4.5 billion in fines. In a court filing, the SEC said this money would go towards a “meaningful and speedy recovery for investor victims” who lost billions of dollars when the algorithmic stablecoin collapsed in 2022. Terraform and founder Do Kwon were found liable for civil fraud, violating securities laws, and offering unregistered securities.

theblock.co2 min read

03INNOVATION & LAUNCHES

INTRODUCING CYCLOID: ETHEREUM TRANSACTIONS OVER RADIO

Cycloid is a hardware wallet capable of direct message signing, running applications, and sending transactions over radio. It was created by FOAM, which creates proof of location technology for applications requiring location services. Cycloid enables the communication of transactions to gateways that broadcast them to the network.

links.tldrnewsletter.com4 min read

ENTROPY: THE AUTONOMOUS AGENT NETWORK

Entropy has released its first testnet with support for a decentralized signing solution, paving the way for autonomous agents to interact with blockchain. Entropy unlocks secure ways for agents to facilitate various onchain activities by innovating on complex and error-prone traditional crypto key management.

links.tldrnewsletter.com2 min read

BOND: SOLANA LABS' LOYALTY PROGRAM

Bond uses blockchain to create transparent, personalized digital experiences, facilitating stronger customer connections and loyalty. Current loyalty programs face issues with tracking purchases across many different channels and preventing counterfeits, two problems solved via blockchain verification. Bond's four areas of focus are digital collectibles, luxury goods authenticity, digital product passports + identities, and collaborative campaigns.

threadreaderapp.com1 min read

04GUIDES & TUTORIALS

DEPIN: TRACTION IN SUPPLY & EARLY SIGNS OF INCREASING DEMAND

DePIN shows potential to quickly crowd-source network infrastructure by offering third-party participants token rewards. Hivemapper used dashcams to map 21% of the world's roads with over 60,000 participants in 31 months but has yet to see demand for its maps. Helium, the largest decentralized wireless network, has shown early signs of product market fit with over 90,000 signups for its 5G unlimited phone plan. Both projects reward far more tokens than are being burned, which is expected for their current high-growth plans.

threadreaderapp.com3 min read

10 TRUISMS FROM CRYPTO STARTUP ACCELERATOR

a16z's crypto startup accelerator discusses ten key principles for crypto entrepreneurs. Some of them include creating decentralized protocols with tokens, actively promoting one's startup, setting strict deadlines, continuously hiring, and aggressively seeking more engagement for one's projects.

threadreaderapp.com2 min read

05MISCELLANEOUS

PRECONFIRMATIONS: CREDIBLE PROMISE OF FUTURE EXECUTION

Preconfirmations are credible promises validators give to users in exchange for an economic incentive. Research suggests they could be used by L2s to guarantee transaction inclusion in Ethereum blocks while still preserving decentralization and good UX. This analysis breaks down different types of preconfirmations and various proposed approaches.

threadreaderapp.com2 min read

THE RESTAKING WARS: EIGENLAYER VS SYMBIOTIC

This article covers the rapid rise of Symbiotic, a new restaking protocol that quickly reached $200 million in deposits, challenging Eigenlayer with its flexible and modular design. It also introduces Mellow Protocol's LRT deployment on Symbiotic, highlighting new high-yield farming opportunities and significant developments in the competitive DeFi landscape.

ignasdefi.com10 min read