Thursday, October 3, 2024
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Up-tober is not going too well so far, but we've still got plenty of time left for things to turn around. In today's news:
EigenLayerZero 🤝 From Arbitrum to Aptos 🏦
Read on! | | 24h Hot Searches Worldwide 🔥 | | Which blockchains have the most stablecoins? | | The majority of stablecoins are issued on Ethereum and Tron. These two blockchains account for 83.9% of all stablecoins, valued at $144.4 billion. How do other blockchains stack up? | | | EigenLayerZero 🤝 Two of the biggest projects in DeFi are working together to further boost the security of new decentralized networks. In a blog post published by LayerZero Labs, the team behind the cross-chain messaging protocol LayerZero announced that it has partnered with the restaking protocol to introduce a framework for a new security mechanism known as CryptoEconomic Decentralized Verifier Networks (DVNs).
The concept combines verification on a network's technical layer with economic incentives to provide greater security for relaying cross-chain messages.
In DVNs, verifiers must stake a certain amount of assets as collateral, which can be confiscated if they act maliciously.
As such, verifiers are incentivized to ensure that cross-chain messages are properly relayed and authenticated across different networks.
The framework is also open source, allowing other projects and networks to set up their own DVNs using different assets and parameters. LayerZero will also serve as a DVN marketplace for verifiers, where they can provide services to new and upcoming blockchains. | | | Watch this video to learn about what funding rates are, and how you can use it to gauge market sentiment. | | | From Arbitrum to Aptos 🏦
After launching its tokenized money market fund on Arbitrum in August, asset management firm Franklin Templeton is expanding to Aptos.
In collaboration with the Aptos Foundation, users can now purchase shares of the On-Chain US Government Money Fund (FOBXX) and store them in their Aptos wallets in Franklin Templeton's Benji Investments app.
The expansion to Aptos is part of the firm's plan to increase composability between real-world assets and non-EVM networks.
According to Roger Bayton, Franklin Templeton's Head of Digital Assets, Aptos was specifically chosen due to its 'unique characteristics and suitability' for the Benji Investments platform. | | | Pump.fun is the Solana-based memecoin generator behind tokens such as MOODENG and MOTHER. Learn about Pump.fun and find out how to create your own memecoin! | | | In Other News... Worldcoin for sale. The FTX bankruptcy estate is looking to sell off approximately $38M worth of WLD, with a minimum size of $2.5M and discounts of up to 75%. Digitally verified. Christie's will issue ownership certificates on the Base Layer-2 for all 130 lots of an auctioned photography collection.
Shardbound comes to Epic. The open beta of the strategy card game Shardbound, built on the Immutable L2, will make its way to the Epic Games Store on October 9.
ENA Airdrop Season 2. According to Ethena's latest announcement, the Season 2 airdrop will be open for claiming later today, with the same vesting rules as before for the top 2,000 recipients.
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