TLDR Crypto

TLDR CRYPTO 2024-08-19

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01GENERAL

Sponsored

FUTURE

The inefficiencies in retail are staggering, and cost the industry billions per year. VenHub [4] is pioneering the world's first truly smart store [4]: fully automated, self-operating 24/7, and powered by AI that can anticipate inventory and customer needs.

issuanceexpress.comSponsor

02MARKETS & BUSINESS

OPTIMISM FOUNDATION DISABLES PERMISSIONLESS FRAUD PROOFS, PLANS HARD FORK FOLLOWING SECURITY AUDITS

Optimism rolled back its fraud proof system to a permissioned fallback mechanism after community-driven audits found multiple vulnerabilities. Two months ago, it reached Stage 1 rollup decentralization when anyone could contest L2 transactions on the mainnet. A proposed network upgrade, including a hard fork named "Granite," is set for September 10, aiming to enhance security without compromising user assets.

links.tldrnewsletter.com3 min read

DONALD TRUMP HOLDS OVER $1M IN ETHER, ALSO RECEIVES NFT LICENSING FEES

Recent financial disclosures reveal that Donald Trump holds between $1 million and $5 million in Ether (ETH) and earned over $7 million through an NFT licensing deal. The Trump trading cards have done over 15,000 ETH in trading volumes. Trump has mentioned plans to launch another NFT collection soon.

coindesk.com1 min read

03INNOVATION & LAUNCHES

BUILDING THE DREAM WALLET WITH SAFE

This post outlines how builders could execute Jesse Pollak's dream vision using Safe's open-source ecosystem assets, which include various components for managing transactions, recoveries, and account security. It emphasizes the wallet's adaptability through multi-sig capabilities, social and timed recovery options, and subaccounts management, all backed by modules that support diverse functionalities such as flash loans and savings, aiming to provide a robust infrastructure for building next-generation crypto wallets.

safe.global4 min read

ARBITRUM DAO APPROVES ARB STAKING PROPOSAL

The Arbitrum DAO has approved a proposal to introduce ARB token staking, with 91% approval from over 25,000 participants. The initiative will allow ARB holders to stake their tokens in exchange for a liquid staked token (stARB), enhancing governance security and utility while addressing concerns over token underutilization and potential governance attacks.

cryptobriefing.com3 min read

04GUIDES & TUTORIALS

TOOLS TO NAVIGATE DEFI

This comprehensive list of tools for succeeding in crypto, aimed at improving crypto trading and investment strategies, includes on-chain data tools, smart money tracking, data aggregators, dashboards, trading platforms, and various resources for data analysis and project evaluation.

threadreaderapp.com1 min read

LIQUIDITY MINING: HOW DEEP IS DEEP ENOUGH?

This article examines the effectiveness of liquidity mining (LM) campaigns in DeFi, emphasizing the importance of determining the optimal liquidity depth for sustainability. LM campaigns should aim for a balance where the depth of liquidity attracts users without becoming unprofitable. Deeper liquidity might be justified if it leads to long-term ecosystem growth.

links.tldrnewsletter.com10 min read

05MISCELLANEOUS

ARE WE MOVING TOWARDS APP CHAINS

There is a trend where decentralized applications (dApps) are moving to their own sovereign chains, known as appchains, as they believe that they are losing value due to fees being siphoned off by block proposers and sequencers. While becoming an appchain offers control and value capture, it's expensive and not always necessary. There are alternative approaches like deploying on existing Layer 1/Layer 2 chains or implementing app-specific sequencing, each with their own trade-offs. Ultimately, the decision depends on the specific needs and goals of the dApp, as the crypto landscape offers diverse options.

threadreaderapp.com4 min read

OVERESTIMATING THE SHORT-TERM AND UNDERESTIMATING THE LONG-TERM

Despite some folks overestimating short-term progress and underestimating long-term impact in the current crypto cycle, significant longer-term adoption is being observed across various industries. Some examples include widespread stablecoin use in/on major payment platforms, record activities in DeFi markets, rising values in tokenized real-world assets, adoption of prediction markets and DePin tech, breakthroughs in blockchain gaming, and the practical use of crypto in everyday financial transactions via debit cards.

threadreaderapp.com2 min read