1confirmation Newsletter - Issue #81
Proof-of-stake (PoS) consensus has been polarizing for many years. Many distributed systems engineers look to Bitcoin’s proof-of-work consensus as the standard and claim that PoS is not a secure way for a network to reach consensus. But PoS networks like Tezos and Cosmos are now well-established and the upcoming Polkadot and Ethereum 2.0 launches could soon push PoS into mainstream consciousness.
One of the core features of PoS is its ability to give token holders rewards directly from the new token supply. In a fiat currency world that is currently punishing savers with zero-interest rate policy and indiscriminate money printing, PoS coins are an increasingly attractive alternative. Non-custodial staking products like Lunie and Polkadot.js are worth checking out and we hope to see more non-custodial products soon as this space evolves.
Required reading this week
Corona Information Markets — blog.gnosis.pm
Gnosis launches its decentralized exchange protocol and announces a prediction market for coronavirus information.
Constant Function Market Makers: DeFi’s “Zero to One” Innovation — medium.com
Dmitriy Berenzon explains how constant function market makers work and why it's a 0-to-1 innovation in finance.
Top DeFi Tokens by Market Capitalization — defimarketcap.io
DeFi Market Cap shows a list of all DeFi programmable tokens by market capitalization.
Crypto’s Business Model is Familiar. What Isn't is Who Benefits — a16z.com
Jesse Walden explains how the principal innovation of crypto networks is their ability to grow network effects by enabling users to share in the value they create.
Introducing the Coinbase Price Oracle — blog.coinbase.com
The Coinbase Price Oracle provides a critical service to the DeFi ecosystem: a trusted price feed that will make platforms safer, more reliable and unlock the next wave of adoption.
1confirmation portfolio reading this week
dYdX Launches BTC Perpetual Contract Market — medium.com
The BTC-USDC Perpetual enters private alpha today on dYdX. Apply for access today to trade BTC with up to 10x leverage.
Augur v2 Deployment Details — www.augur.net
Augur’s v2 contracts will be deployed to the Ethereum network and go live during the first weeks of June.
A Year of Data on Cosmos Staking — medium.com
Felix Lutsch takes a look at network data and visualizes how token and staking supply, reward and issuance rate, as well as other metrics like active accounts developed on the Cosmos Hub since launch more than a year ago.
Introducing our Policy for Sustainable Free Transactions — medium.com
Authereum allows users to make 10 free transactions per week, and free for all transactions on Erasure and OpenSea.
Kusama & Polkadot: Comparing the Cousins — medium.com
As the launch of Polkadot draws near, many are asking how Polkadot will compare to Kusama and how will it be different as they both continue on as independent yet closely related networks governed by their own respective communities.
A Guide to Single-Collateral Dai (Sai) Shutdown — blog.makerdao.com
MakerDAO is sunsetting Single-Collateral Dai on April 24. Learn more about how the emergency shutdown process works.
Scaling ETH 2.0 With bloXroute — medium.com
bloXroute explains how their blockchain distribution network (BDN) can scale ETH 2.0.