Posts

Showing posts with the label china crypto news

Weekly Project Updates: Sei Airdrop Unveiled, Opensea to Discontinue Mandatory Royalties, friend tech Previously Received Investment from Paradigm, etc

Image
1. Sei Mainnet Officially Launched, Unveils Airdrop Regulations link On August 15th, Sei launched an open airdrop query webpage, allowing users to check their eligibility for the airdrop through the official website. Whitelisted users must bridge their eligible assets to Sei. This includes networks such as Solana, Ethereum, Arbitrum, Polygon, Binance Smart Chain, Osmosis, and later added Optimism network, totaling 1.5 million qualifying addresses. Active users on these aforementioned blockchains in 2023 may be whitelisted and eligible to participate in the airdrop. Furthermore, the Sei Foundation has set aside SEI tokens to reward testers, as part of the “Atlantic Rewards” Sei distribution. Once the Pacific-1 mainnet is publicly released, these rewards will be accessible. The foundation has identified and addressed potential Sybil attackers, identifying and eliminating over 7,000 clusters, with the largest cluster comprising more than 30,000 unique SEI addresses. For users attempting ...

WuBlockchain Weekly:Coinbase got a Wells Notice、Arbitrum airdrop、Do Kwon's arrest and Top10 News

Image
Top10 News 1. Coinbase’s weekly summary a. Coinbase offered $3B backstop to Circle in bid to stabilize USDC link According to Fortune, Coinbase provided an instant credit line of about $3 billion to Circle after the bankruptcy of SVB to ensure that the USDC can be converted into US dollars on Monday morning. b. Coinbase requests SEC to clarify staking services as software services link On March 21, Coinbase submitted a comment letter to the SEC, explaining that its staking services are not a security issuance, but rather a software service, and that every branch of its core staking service fails the Howey Test. Coinbase requested that the SEC clarify the fact that staking services are not securities. c. Coinbase said it got a Wells Notice from the US SEC link On March 23, Coinbase said it got a Wells Notice from the US SEC, about an undefined portion of Coinbase listed digital assets and staking service Coinbase Earn, Coinbase Prime, Coinbase Wallet. Coinbase said it will not change cu...

An overview of On-Chain Market Maker Strategy and Business

Image
Author: Boo Canoe Founder His twitter https://twitter.com/0x_jem Abstract In this paper, we provide an overview of the on-chain market maker business and introduce the on-chain strategy through mathematical and engineering perspectives. In contrast to traditional market makers on centralized finance platforms, the on-chain market maker business significantly differs in terms of fund size, PnL function, volatility modeling, derivative strategy, and arbitrage. Finally, we propose some effective suggestions for new on-chain market makers. 1 Introduction Enables market makers to seamlessly flow into DeFi liquidity. The recent collapse of Alamend Research and FTX highlights the power of decentralization philosophy in the DEX and DeFi space. However, it’s worth noting that the liquidity size is still largely controlled by CEX. To shift the balance of price power towards DEX from CEX, we need to focus on building infrastructure for traditional market makers, which would support an “on-chain ...