Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Cryptocurrency

Cryptocurrency

Can CryptoGPT (GPT) Monetize AI data?

CryptoGPT is a ZK Layer-2 built to monetize AI data. To explain, Zero-knowledge rollups (ZK-rollups) are Layer 2 scaling solutions that increase throughput on the Ethereum Mainnet by moving computation and storage off the blockchain.

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CryptocurrencyFinance

Can Synthetix (SNX) Make money from Derivatives?

 
They claim the Synths function as decentralized perpetual futures that leverage Synthetix’s debt pool and innovative liquidity framework. The developers claim Synthetix guarantees the best price execution and offers little or no slippage.

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CryptocurrencyFinance

Is Decentralized USD (USDD) a strong Stablecoin?

Decentralized USD (USDD) is over-collateralized because the amount of assets it holds exceeds the amount of USDD circulation. To explain, most stablecoins contain a smart contract that makes payment in fiat currency from a bank account or blockchain ecosystem when you spend the stablecoin. For example, USDD makes payment in US Dollars when you spend it.

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CryptocurrencyFinance

Is Bancor (BNT) making Money from Liquidity?

The Bancor Network claimed to offer $353.77 million in Total Liquidity and have a trading volume of $40.84 million on 13 June 2022. Bancor claimed to earn $177,070 in fees in the 24 hours ending on 13 June 2022. They claimed 75.83% of Bancor were staked through the Bancor Network on 13 June 2022.

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