100,000,000 Dai later...

Seeking Yield by Staked - Issue 40: πŸ“ˆ 100MM Dai Debt Ceiling Reached, πŸ–₯️ Validating on Polkadot webinar, ✍️ Ethereum 2.0 Update #3, πŸ“Š Current Yields, & More

This is the fortieth issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.


πŸ“ˆ 100MM Dai Debt Ceiling Reached

Earlier this week, MakerDAO reached the current debt ceiling of 100 million Dai.

This feat comes nearly two years after the launch of the system and less than two weeks until the transition to Multi-Collateral Dai on November 18th.

Graph: Coin Metrics

As a result, the Maker Foundation Interim Risk Team placed an Executive Vote into the voting system, which enabled the community to vote for a new Debt Ceiling of 120 million Dai. The vote passed and the change was implemented earlier today.

Keep an eye on the MakerDAO debt ceiling moving forward! πŸ‘€

Learn more:

πŸ‘‰ Executive Vote: Lower the Stability Fee by 0.5% to a total of 5% per year and raise the Debt Ceiling by 20 million to 120 million Dai

πŸ‘‰ Try the Robo-Advisor for Yield today!

πŸ‘‰ Reply directly to this email or find time here to set up a RAY demo.

πŸ‘‰ Robo-Advisor for Yield FAQs


πŸ–₯️ Validating on Polkadot webinar

The Polkadot mainnet is approaching. Tune in on Tuesday, November 12th, at 15:00 UTC (10 am EST) for a webinar on everything you need to know about Polkadot validation.

On the webinar, Joe and David from Parity Technologies will be covering Polkadot validation, nominators, economics, account setup, and validator infrastructure.

Additionally, Staked CEO Tim Ogilvie will be presenting on the key risks and opportunities when running nodes, and how Staked architects infrastructure to ensure both reliability and security.

Everyone that RSVPs and joins the webinar will receive one $KSM (Kusama).

Register now!

Learn more:

πŸ‘‰ Register for the β€œValidating on Polkadot” webinar

πŸ‘‰ Sign up to get notified when Polkadot staking launches


✍️ Ethereum 2.0 Update #3

Danny Ryan from the Ethereum Foundation recently published the third Ethereum 2.0 update, highlighting the latest as phase 0 becomes increasingly imminent.

A few key takeaways:

  • Fork choice defenses have been hardened in response to attack vectors raised to ensure that the network can remain stable even under adverse conditions, such as a large attacker, major network outage, etc.

  • A new challenges.ethereum.org has been released. This website is a central source for all of the current bounties hosted by the Ethereum Foundation and/or related to Ethereum R&D. Featured bounties span over a number of areas, including finding vulnerabilities in existing Ethereum infrastructure to finding collisions in new hash functions. 

  • Shigeo Mitsunari has received a grant for the Herumi library for ultra-fast BLS signature operations. This grant is intended to bring the libraries up to speed with the new BLS standard, as well as to help accomplish some more practical items for eth2 usability.

Phase 0 is near. Onward!

Learn more:

πŸ‘‰ eth2 quick update

πŸ‘‰ Reply to this email to learn more and/or get notified when ETH staking launches!


πŸ“Š Current Staking Yields

Staked currently supports 14 different proof of stake crypto assets including Cosmos, Algorand, Tezos, Dash, Decred, Orbs, Horizen, Livepeer, EOS, Factom, Loom, Iris, Terra, and V-Systems.

Learn more:

πŸ‘‰ Ready to get started or have questions? Reply directly to this email.

πŸ‘‰ Find time to speak with someone from the Staked team here.


πŸ“Š Robo-Advisor for Yield (RAY)

Currently live on the Ethereum mainnet, the Robo-Advisor for Yield (RAY) is the easiest way to earn the highest yield on your ETH, DAI, and USDC holdings.

Learn more:

πŸ‘‰ Reply directly to this email or find time here to set up a RAY demo.

πŸ‘‰ Try the Robo-Advisor for Yield today!

πŸ‘‰ Robo-Advisor for Yield FAQs


πŸ“œ Staked Developer Docs

Interested integrating the Robo-Advisor for Yield (RAY) and/or staking-as-a-service into your business today? Check out our developer documentation!

Integrating RAY is as simple as dropping in a few lines of code. Furthermore, partners looking to offer staking-as-a-service are able to integrate with our staking infrastructure directly through our API services.

Learn more:

πŸ‘‰ Staked Developer Documentation

πŸ‘‰ Reply to this email to speak with the Staked team about getting started today!


About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5%β€Šβ€”β€Š100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

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MCD is coming! MCD is coming!

Seeking Yield by Staked - Issue 39: πŸ‘‹ Goodbye CDP, Hello Vault, πŸ“½οΈ Livepeer’s Public Streamflow Testnet, πŸ“ˆ Binance Research: The Rise of Staking, πŸ“Š Current Yields, & More

This is the thirty-ninth issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.


πŸ‘‹ Goodbye CDP, Hello Vault

Multi-Collateral Dai (MCD) is set to launch on November 18th - a major milestone for entire crypto industry. In addition to changes to the mechanics of the Dai stablecoin system, several changes to the system’s current terminology will be implemented.

Related image

A few noteworthy changes to the system’s terminology coming November 18th:

  • Collateralized debt positions (CDPs) -> Vaults

  • Dai generated via SCD -> Sai

  • Dai generated via MCD -> Dai

β€œMaker Vault in MCD is where a user deposits collateral and generates Dai. It is important to note that each collateral asset deposited will have its own Vault.”

The new terminology will be reflected within the user interfaces of Maker Protocol immediately upon the release of MCD, as well as in any new documentation published following launch.

MCD is coming! MCD is coming!

Learn more:

πŸ‘‰ Say Goodbye to CDPs and Hello to Maker Vaults

πŸ‘‰ Try the Robo-Advisor for Yield today!

πŸ‘‰ Reply directly to this email or find time here to set up a RAY demo.

πŸ‘‰ Robo-Advisor for Yield FAQs


πŸ“½οΈ Livepeer’s Public Streamflow Testnet

Livepeer's Streamflow update is now live on public testnet. Infrastructure providers are now able to run nodes on the test network. Really phenomenal progress!

Image result for livepeer

The test network is designed to provide infrastructure providers with knowledge of how to run nodes in the new Streamflow context, validate that the network is functioning as expected, and help troubleshoot and identify unidentified issues prior to mainnet launch. Currently, infrastructure providers are able to:

  • Run nodes in the new Orchestrator role (formerly known as β€œtranscoder”)

  • Test that their nodes are properly transcoding video

  • Experiment with setting the appropriate parameters around job pricing

  • Accept test payments under the new probabilistic micropayment system

  • Set up their GPUs (in addition to CPUs) to transcode video

Thus, this is a significant advancement for Livepeer. We are proud supporters of the network and look forward to the launch of the Streamflow mainnet!

Learn more:

πŸ‘‰ Livepeer’s Public Streamflow Testnet is Now Live

πŸ‘‰ Delegate Livepeer to Staked


πŸ“ˆ Binance Research: The Rise of Staking

Binance Research recently published an excellent report on the rise of staking, which highlighted Staked multiple times. The report provides a comprehensive look at the current staking space, the differences among staking on different chains, and more.

The report goes on to describe the role of delegation services, as well as how staking service providers are rolling out other utilities and tools for blockchain users to better understand the networks they are interacting with, like the Robo-Advisor for Yield (RAY).

There are also a number of interesting statistics referenced in the research, including the cumulative staking participation rate across all blockchains offering staking (featured below).

Brilliant work from the Binance team!

Learn more:

πŸ‘‰ The Rise of Staking: From Theory to Building Large Infrastructure

πŸ‘‰ Staked Yields Page

πŸ‘‰ Try the Robo-Advisor for Yield today!


πŸ“Š Current Staking Yields

Staked currently supports 14 different proof of stake crypto assets including Cosmos, Algorand, Tezos, Dash, Decred, Orbs, Horizen, Livepeer, EOS, Factom, Loom, Iris, Terra, and V-Systems.

Learn more:

πŸ‘‰ Ready to get started or have questions? Reply directly to this email.

πŸ‘‰ Find time to speak with someone from the Staked team here.


πŸ“Š Robo-Advisor for Yield (RAY)

Currently live on the Ethereum mainnet, the Robo-Advisor for Yield (RAY) is the easiest way to earn the highest yield on your ETH, DAI, and USDC holdings.

Learn more:

πŸ‘‰ Reply directly to this email or find time here to set up a RAY demo.

πŸ‘‰ Try the Robo-Advisor for Yield today!

πŸ‘‰ Robo-Advisor for Yield FAQs


πŸ“œ Staked Developer Docs

Interested integrating the Robo-Advisor for Yield (RAY) and/or staking-as-a-service into your business today? Check out our developer documentation!

Integrating RAY is as simple as dropping in a few lines of code. Furthermore, partners looking to offer staking-as-a-service are able to integrate with our staking infrastructure directly through our API services.

Learn more:

πŸ‘‰ Staked Developer Documentation

πŸ‘‰ Reply to this email to speak with the Staked team about getting started today!


About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5%β€Šβ€”β€Š100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

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Phase 0 is coming...

Seeking Yield by Staked - Issue 38: ⏳ Ethereum 2.0 Update, πŸ€– Follow @RAYStats on Twitter, πŸ“ˆ Four Months of Terra's CHAI, πŸ“Š Current Yields, & More

This is the thirty-eighth issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.


⏳ Ethereum 2.0 Update

Phase 0 is approaching. Recently, Danny Ryan from the Ethereum Foundation published a Ethereum 2.0 update which stated that the deposit contract has been written, tested, and formally verified. Additionally, Danny wrote they are working to allow the BLS standardization to stablize prior to launch. 

While some components still need to be finalized, the deposit contract does not need to be put into production until Phase 0 launch is near. Thus, the focus on standardization is not expected to have any effect on the Phase 0 launch date.

Image result for ethereum logo png

A multi-client public testnet is expected to launch soon after the removal of crosslinks entirely from Phase 0 is completed. More on the change is available in the post.

Stay tuned for more information from about staking ETH as Phase 0 approaches!

Learn more:

πŸ‘‰ eth2 quick update

πŸ‘‰ Reply to this email to learn more and/or get notified when ETH staking launches!


πŸ€– Follow @RAYStats on Twitter

In case you missed it, we recently introduced the Robo-Advisor for Yield (RAY), a set of smart contracts that automatically allocates crypto assets to the highest yielding opportunities. RAY currently supports on-chain lending for ETH, DAI and USDC tokens via the Compound, dYdX and bZx smart contracts. 

To make it easier to keep up with the Robo-Advisor for Yield in real-time, we created @RAYStats, a Twitter bot that posts daily updates about RAY. Check it out! πŸ‘‡

Keep an eye out for more RAY resources. πŸ‘€

Learn more:

πŸ‘‰ Follow @RAYStats on Twitter!

πŸ‘‰ Reply directly to this email or find time here to set up a RAY demo.

πŸ‘‰ Try the Robo-Advisor for Yield today!

πŸ‘‰ Robo-Advisor for Yield FAQs


πŸ“ˆ Four Months of Terra’s CHAI

Since launching in early June, Terra’s mobile payment dApp CHAI has grown at a tremendous rate. Seven eCommerce platforms have since integrated with CHAI, including TMON, a leading eCommerce platform with 9 million users, and Yanolja, a leading hospitality application that processes $2 billion annually.

A few figures from a recent blog post published by the Terra team. πŸ‘‡

Users: ~ 500,000

Transaction volume (cumulative): ~ $54,000,000

Furthermore, merchants using CHAI have saved an estimated ~ $810,000 in transaction fees.

Onward!

Learn more:

πŸ‘‰ In numbers: Four Months of CHAI

πŸ‘‰ Delegate Terra Luna to Staked

πŸ‘‰ Reply to this email or schedule time here to speak with someone from the Staked team to learn more about staking Terra Luna.


πŸ“Š Current Staking Yields

Staked currently supports 14 different proof of stake crypto assets including Cosmos, Algorand, Tezos, Dash, Decred, Orbs, Horizen, Livepeer, EOS, Factom, Loom, Iris, Terra, and V-Systems.

Learn more:

πŸ‘‰ Ready to get started or have questions? Reply directly to this email.

πŸ‘‰ Find time to speak with someone from the Staked team here.


πŸ“Š Robo-Advisor for Yield (RAY)

Currently live on the Ethereum mainnet, the Robo-Advisor for Yield (RAY) is the easiest way to earn the highest yield on your ETH, DAI, and USDC holdings.

Learn more:

πŸ‘‰ Reply directly to this email or find time here to set up a RAY demo.

πŸ‘‰ Try the Robo-Advisor for Yield today!

πŸ‘‰ Robo-Advisor for Yield FAQs


πŸ“œ Staked Developer Docs

Interested integrating the Robo-Advisor for Yield (RAY) and/or staking-as-a-service into your business today? Check out our developer documentation!

Integrating RAY is as simple as dropping in a few lines of code. Furthermore, partners looking to offer staking-as-a-service are able to integrate with our staking infrastructure directly through our API services.

Learn more:

πŸ‘‰ Staked Developer Documentation

πŸ‘‰ Reply to this email to speak with the Staked team about getting started today!


About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5%β€Šβ€”β€Š100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Medium | Newsletter | CareersTelegram

Generate more revenue for your crypto business...

Seeking Yield by Staked - Issue 37: πŸ“œ Staked Developer Docs, βš–οΈ One Year of Decred’s Politeia Proposal System, βœ… Tezos Babylon Upgrade Activated, πŸ“ˆ Total Value Locked in DeFi Hits 3M ETH, & More

This is the thirty-seventh issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.


πŸ“œ Staked Developer Docs

We recently refreshed our developer documentation to make it as easy as possible to integrate the Robo-Advisor for Yield (RAY) and/or staking-as-a-service into your business.

If you have a product which uses Web3, integrating RAY is as simple as dropping in a few lines of code. Partners offering staking-as-a-service are able to integrate with our staking infrastructure directly through our API services.

Integrate and generate more revenue for your business!

More information:

πŸ‘‰ Reply to this email to speak with the Staked team about getting started today!

πŸ‘‰ View our developer documentation here.


βš–οΈ One Year of Decred’s Politeia Proposal System

Having launched on October 16, 2018, the Decred Politeia Proposal System has officially been live for one year!

Over the past year, the system has seen:

  • 486,205 tickets cast

  • 53 proposals submitted

  • 25 approved proposals

  • 13 rejected proposals

  • 12 abandoned proposals

  • 3 proposals in discussion

  • 1,604 comments from 154 users

  • 4,704 up/down votes by 151 users

Marketing was the most popular proposal domain type during Politeia’s first year, though marketing also saw the greatest number of abandoned proposals. Software development proposals saw the second highest number of submissions, as well as the greatest number of proposals approved.

Decred governance is alive and well!

More information:

πŸ‘‰ Reply directly to this email or follow the instructions here to stake your Decred.

πŸ‘‰ One year of Decred's Politeia in numbers and graphs


βœ… Tezos Babylon Upgrade Activated

Earlier today at block 655,361, Babylon, the second Tezos protocol upgrade, was officially activated. This upgrade brings a number of changes to the Tezos protocol including a new consensus algorithm variant (Emmy+), several new Michelson features, refinements to the quorum formula, and more.

Per TzStats, below is a breakdown of the Babylon promotion vote period.

The self-amending blockchain continues to amend itself.

More information:

πŸ‘‰ Reply directly to this email or follow the instructions here to stake your Tezos.


πŸ“ˆ Total Value Locked in DeFi Hits 3M ETH

The total value locked (TVL) in DeFi has surpassed 3M ETH, worth $532MM at the time of writing. Furthermore, the top three applications on DeFi Pulse by TVL are currently MakerDAO, Compound, and Synthetix.

Onward!

More information:

πŸ‘‰ Reply directly to this email to learn more about the Robo-Advisor for Yield (RAY).

πŸ‘‰ DeFi Pulse website


πŸ“Š Current Staking Yields

Staked currently supports 16 different crypto assets including Cosmos, Algorand, Tezos, Dash, Decred, Orbs, Horizen, Livepeer, EOS, Factom, Loom, Iris, Terra, Dai, and USDC.

πŸ‘‰ Ready to get started or have questions? Reply directly to this email.

πŸ‘‰ Find time to speak with someone from the Staked team here.


πŸ“Š Robo-Advisor for Yield (RAY)

Currently live on the Ethereum mainnet, the Robo-Advisor for Yield (RAY) is the easiest way to earn the highest yield on your ETH, DAI, and USDC holdings.

πŸ‘‰ Reply directly to this email or find time here to set up a RAY demo.

πŸ‘‰ Try the Robo-Advisor for Yield today!

πŸ‘‰ Robo-Advisor for Yield FAQs


About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5%β€Šβ€”β€Š100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency. Staked’s investors include Pantera Capital, Digital Currency Group, Coinbase Ventures, Winklevoss Capital, Fabric Ventures, Global Brain, and other leading crypto investors.

Website | Twitter | LinkedIn | Medium | Newsletter | CareersTelegram

⛓️ Seeking Yield by Staked - Issue #36

πŸ“… Multi-Collateral Dai (MCD) Nov. 18 Launch, πŸ“ˆ Dai In Numbers: Momentum Report Q3, πŸ’» New Livepeer Explorer, & πŸ“Š Current Staking and Lending Yields

This is the thirty-sixth issue of Seeking Yield by Staked, a weekly update about the most interesting things happening in crypto asset staking and lending.


πŸ“… Multi-Collateral Dai (MCD) Nov. 18 Launch

Multi-Collateral Dai (MCD) is ready to launch on November 18, 2019 - a major milestone. MCD will introduce several new features to the protocol including additional collateral types and the Dai Savings Rate (DSR).

Dai also has a new visual identity. Take a look! πŸ‘‡

In the coming weeks, a number of documents will be published on the official MakerDAO forums for discussion and review, including the CDP and DAI Migration Risk Report, ETH Risk Report, and BAT Risk Report. A number of on-chain votes among MKR holders will subsequently take place, ultimately to activate MCD.

Multi-Collateral Dai (MCD) is a major step forward in bringing financial stability and transparency to the masses. Stay tuned!

Learn more:

πŸ‘‰ BREAKING: Launch Date of Multi-Collateral Dai, the Dai Savings Rate, and More Announced at Devcon 5

πŸ‘‰ Collateral Onboarding Guide: How to Nominate Tokens for MCD

πŸ‘‰ Dai Savings Rate in Multi-Collateral Dai (MCD)

πŸ‘‰ Deposit Dai to the Robo-Advisor for Yield (RAY)


πŸ“ˆ Dai In Numbers: Momentum Report Q3

As highlighted in the recent report from MakerDAO and blockchain analytics platform Beneath, Dai continues to see substantial growth. The Coinbase Earn CDP Tutorial and Compound were primary drivers of Dai growth over the last few months.

More than 109,000 addresses used Dai in August. 🀯 For reference, a one-month all-time high of 16,000 active addresses was recorded in May.

Compound currently stores nearly 15% of all Dai. It is incredible that this figure has increased six-fold since recorded in the June report.

More than 50% of all Dai is currently held directly in private user wallets. It is also interesting to note that 20% of Dai is held in decentralized applications, 7% in identifiable multi-signature wallets, and 6% in escrow on exchanges. 

The current circulating supply of Dai is 85.64MM, collateralized by nearly $300MM worth of ETH or 1.45% of the total ETH supply.

Onward!

Learn more:

πŸ‘‰ Dai In Numbers: Momentum Report Q3

πŸ‘‰ Deposit Dai to the Robo-Advisor for Yield (RAY)


πŸ’» Livepeer Explorer 2.0

The slick new Livepeer Explorer 2.0 is officially live. The new explorer features a validator dashboard, as well as breakdown of tokenholders, staking, and history. A rewards calculator displaying 12-month projected rewards is also now available.

We are proud supporters of Livepeer and excited by the continued progress of the project!

Learn more:

πŸ‘‰ Livepeer Explorer 2.0

πŸ‘‰ Delegate LPT to Staked


πŸ“Š Current Staking & Lending Yields

Staked currently supports 16 different crypto assets including Cosmos, Algorand, Tezos, Dash, Decred, Orbs, Horizen, Livepeer, EOS, Factom, Loom, Iris, Terra, Dai, and USDC.

Have questions? Find time to speak here.

Learn more and get started here!


About Staked

Staked helps institutional investors reliably and securely compound their crypto by 5%β€Šβ€”β€Š100% annually through staking and lending. Staked runs validation nodes for proof-of-stake currencies and offers access to on- and off-chain lending options that provide an annualized yield of in-kind currency.

If you enjoy Seeking Yield or are a fan of what we are building at Staked, give us a shout on TwitterLinkedIn, or tell your friends and colleagues.

Website | Twitter | LinkedIn | Medium | Newsletter | Careers

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