Former ConsenSys Sales and Marketing Leader Ken Timsit will lead Cronos chain and Particle B as the new Managing Director.Cronos runs in parallel to the Crypto.org Chain, and is the first Ethereum-compatible blockchain network built on Cosmos SDK technology. Particle B is a Web3 startup accelerator that focuses on DeFi and Gamefi projects and furthering the development of the … [Read more...] about Former ConsenSys Sales and Marketing head to lead Cronos chain and Particle B
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DeFi Protocol Tranchess Becomes Binance Smart Chain Validator Node, Launches Fund
In an interview, Chong cited the stringent validator requirements of BSC as a reason why Tranchess picked it over over PoS protocols for its expansion. One example is the higher threshold of staking to validate: While the Ethereum network requires a minimum of 32 staked ether, BSC requires nearly 10,000 staked BNB (worth $4.6 million) though many have upwards of 800,000 staked … [Read more...] about DeFi Protocol Tranchess Becomes Binance Smart Chain Validator Node, Launches Fund
Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain
Terra (LUNA), an open-source stablecoin network, hit an all-time high of $20.05 billion in total value locked, or TVL, across its 13 product offerings, according to industry data. On Dec. 1, Terra's TVL was at $11.9 billion, signifying a 68% increase in less than a month. This means that the platform's users are investing in large quantities into the protocol to receive staking … [Read more...] about Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain
BNB Burns Will Now Better Reflect DeFi Activity on Binance Smart Chain
Burning BNB, which involves sending tokens to an inaccessible wallet, effectively removes them from circulation forever. It was initially introduced as a mechanism to accrue value and grow Binance. But as the broader crypto market grew and Binance Smart Chain was launched, BNB found uses beyond simply being an exchange token. It is the third-largest coin by market value, … [Read more...] about BNB Burns Will Now Better Reflect DeFi Activity on Binance Smart Chain
Terra Becomes Second-Largest DeFi Protocol Surpassing Binance Smart Chain
Metaverse and gaming applications have made their mark on Terra as well. The recently launched StarTerra, which calls itself a gamified launchpad that supports NFT integration, locks up $21 million in value, while LoTerra, a decentralized lottery, holds over $311,000 in value. Source link … [Read more...] about Terra Becomes Second-Largest DeFi Protocol Surpassing Binance Smart Chain