The crypto trader who masterfully rode the 2023 rally in the digital asset markets says he has his eye on two interesting large-cap altcoins. In a new strategy session, pseudonymous trader DonAlt tells his 50,700 YouTube subscribers that one of the altcoins that caught his attention is LDO, the native token of liquid staking service […]
The post Trader Who Caught 2023 Crypto Rally Names Two ‘Interesting’ Altcoins, Updates Forecast on Ethereum (ETH) appeared first on The Daily Hodl.
A popular crypto strategist is predicting a bounce for one memecoin that posted big gains in a single month as he updates his outlook on Bitcoin (BTC) and two altcoins. Pseudonymous analyst Altcoin Sherpa tells his 195,600 Twitter followers that Pepe (PEPE) will likely make a break to the upside after several more days of […]
The post Trader Says Memecoin That’s Up 2,600% in a Month To ‘Move Higher’, Updates Outlook on Bitcoin and Two Altcoins appeared first on The Daily Hodl.
Anchorage joins AAVE, Lido and BitDAO in adopting the off-chain voting platform Snapshot.
Institutional clients of crypto custody firm Anchorage Digital can now voice their concerns on proposals for tokens they hold without paying hefty gas fees.
According to a May 16 statement, Anchorage will integrate off-chain, gasless multi-governance client Snapshot to allow its “token-holding community users” to vote on governance proposals with their tokens, without incurring any gas fees.
Anchorage Digital is pleased to announce that clients can now participate in Snapshot voting using their Anchorage Digital address. Our WalletConnect integration enables:
— Anchorage Digital (@Anchorage) May 16, 2023
+ Voting from within qualified custody with no movement of funds
+ Secure off-chain governance for… pic.twitter.com/VYZ5pIwyl1
It said all voting will take place within Anchorage’s custody with no movement of funds.
Snapshot is used by decentralizeprotocols like AAVE (AAVE), Lido (LDO), and BitDAO. It records the voting off-chain — meaning transactions are not publicly recorded on the blockchain.
The advantage of this approach is “convenience,” according to Anchorage:
“The tradeoff for such convenience comes in the form of on-chain guarantees; Snapshot voting is free because votes are counted off-chain and thus do not require gas payments. The responsibility to enforce the decision is typically entrusted to a multisig that the protocol team operates.”
Anchorage said it currently supports “over 60 ERC-20 tokens,” with plans to enable support for all applicable future ERC-20 tokens.
Related: Anchorage forms custody network with five crypto exchanges
It was announced in October 2022 that Anchorage had extended its operations to Asia with five new institutional partners including Bitkub, DreamTrade and FBG Capital. It stated Asia’s consumers “have adopted crypto with enthusiasm.”
Snapshot has recently been employed to collect votes from AAVE and LDO token holders regarding each of the protocol’s latest upgrade or governance proposals.
[Aave Snapshot] [ARFC] Aave V2 Interest Rate Curve Changes (2023-04-21) https://t.co/MQwcd5NVBt @indexcoop @SnapshotLabs pic.twitter.com/GrS1OkkHNs
— mel. (@emjicy) May 2, 2023
The voting system also proved beneficial for AAVE users who mistakenly sent their tokens to the wrong address.
In July 2022, LidoDAO, the governance body that controls Lido Finance, a liquid staking solution for proof-of-stake cryptocurrencies, conducted a Snapshot vote on sending 1% of LDO’s token supply to DragonFly Capital for $14.5 million which was rejected by token holders.
A crypto investor who pocketed millions of dollars from trading Polygon (MATIC) is going long on a competing Ethereum (ETH) layer-2 project. New data from blockchain-tracking firm Lookonchain reveals that a deep-pocketed trader who started buying MATIC last July when it cost just $0.50 has recently purchased $2.24 million worth of layer-2 scaling solution Arbitrum […]
The post Trader Who’s Made Over $3,000,000 on Polygon Since July Goes Long on Rival ETH Layer-2 Project: On-Chain Data appeared first on The Daily Hodl.
A widely followed crypto analyst is identifying five altcoin projects that he believes have the potential for massive growth. In a new video update, Coin Bureau host Guy Turner says he is bullish on the lending and borrowing decentralized finance (DeFi) protocol Aave (AAVE). “The fact that Aave has been around for a while now […]
The post Coin Bureau Names Aave, THORChain and Three Additional Crypto Assets on Its Altcoin Watch List appeared first on The Daily Hodl.
The investor who accurately called the bottom of the crypto bear market says that 2,200% gains could be in store for one trending altcoin. Chris Burniske, partner at venture capital firm Placeholder, says that Stacks (STX), a project aiming to boost the utility of Bitcoin (BTC), has a lot more upside potential than people realize. […]
The post Venture Capitalist Says 2,200% Gains Possible for One Crypto Asset, Names Dogecoin Among Interesting Altcoins appeared first on The Daily Hodl.
A crypto analyst who nailed the end of the Bitcoin (BTC) bull market is naming one Ethereum (ETH)-based token that he says has the potential to explode. Pseudonymous crypto strategist Pentoshi says that LDO, the native token of ETH staking project Lido DAO, is likely to print considerable gains now that it is trading above […]
The post Analyst Says Ethereum Staking Token High on His Watchlist, Predicts Rallies for Two Additional Altcoins appeared first on The Daily Hodl.
The decentralized finance (DeFi) sector appears to be on the road to recovery after a substantial period of stagnation. The total value locked (TVL) in DeFi platforms dropped from over $50 billion to below $40 billion following the collapse of crypto derivative exchange FTX in November last year. But data from DefiLlama suggest that the […]
The post Overall DeFi Total Value Locked Hits $50,000,000,000 Mark for the First Time Since November FTX Implosion appeared first on The Daily Hodl.
While the Ethereum community prepares for the upcoming Shanghai hard fork in March, the development team for the liquid staking project Lido revealed plans to create an in-protocol withdrawal feature. Lido’s team is seeking community feedback on the proposal that would allow withdrawals after the Shanghai upgrade is completed. Lido Dominates Defi Economy With $7.9 […]
A widely followed analyst believes that Ethereum (ETH) staking service Lido (LDO) will likely continue its bullish ascent against Bitcoin (BTC) and the US dollar. Pseudonymous crypto strategist Kaleo tells his 555,100 Twitter followers that LDO looks strong and seems poised for a rally against Bitcoin (LDO/BTC). “If there’s one thing I’ve learned over the […]
The post Veteran Trader Says Ethereum Staking Project Is About To Enter Price Discovery Against Bitcoin, Warns Not To Fade Strong Altcoins appeared first on The Daily Hodl.
