This decentralized financial framework will be managed by the Aave DAO, ensuring transparency and community involvement. The Aave DAO will also possess the authority to adjust GHO's interest rate as needed through a decentralized governance process. Notably, 100% of the interest payments made on GHO borrows will be directed to the DAO treasury, contributing to its financial strength. Aave V3 users on Ethereum will have the opportunity to mint GHO against their collateral, introducing a competitive edge to stablecoin borrowing on the Aave Protocol.įurthermore, the introduction of GHO is expected to generate additional revenue for the Aave DAO. If this proposal gains approval from the Aave DAO, it will mark a significant milestone for the Aave ecosystem and the Aave DAO, ushering in a new era. The AIP (Aave Improvement Proposal) aims to make GHO available to users on Ethereum's Mainnet after a thorough community discussion, multiple phases of the Aave DAO governance process, and extensive testing on Ethereum's Goerli Testnet. The proposal suggests employing two initial facilitators: the Aave V3 Ethereum Facilitator and the FlashMinter Facilitator. In a recent development, leading DeFi protocol Aave has put forward an important proposal for the launch of GHO, its native stablecoin, on the Ethereum Mainnet. Website | Twitter | Medium | Github | Discord | LinkedIn Aptos can achieve over 130k transactions per second thanks to its parallel execution engine (Block-STM) with low transaction fees. This blockchain is developed on Move, a programming language designed for the previous Diem project. What Is Aptos:Īptos is a Layer 1 blockchain developed to solve the reliability, scalability, and usability issues plaguing existing blockchains. Sui's investment round also involved Binance Labs and high-profile funds such as Jump Crypto, Franklin Templeton, Coinbase Ventures, etc. Sui raised $300 million in August, led by FTX Ventures.
Using the Move programming language developed by Facebook specifically for Diem, Aptos promises to create a platform that can overcome issues related to size, transaction speed, and security that many other blockchains face.Ī separate but similar blockchain project called Sui also uses Move and is being developed by former Diem engineers. The layer-one Aptos blockchain emerged after the collapse of Facebook's stablecoin project Diem, led by former Diem engineer Mo Shaikh. Backers include a16z, FTX Ventures, Coinbase Ventures, Paxos, Jump Crypto, Multicoin Capital, and Circle Ventures. In July, Aptos continued to raise another $150 million from other supporters. The new investment follows Binance Labs’ initial investment in Aptos in March 2022, with a raised value of $200 million. This follow-on investment with Aptos represents #Binance Labs’ commitment to infrastructure building! - Binance Labs Fund September 15, 2022Īptos said the newly raised money would help expand its development team and build more products for the ecosystem. Thank you, with the information you share about the advantages of BNB and especially the annual burning of BNB will make BNB more and more scarce and of course the price of BNB will be higher and higher, the increase will not stop at $1000 in 2022 but more in the following years.We're excited to strengthen our partnership with - a layer-1 blockchain designed to be upgradeable & evolve to support novel Web3 use cases. ATH crossed over $700 again this year, and I expect it will reach considerably greater levels before the end of 2021. Yes, burning coins every year will drastically raise the price, and each batch will contain new ATH. That's some information I want to give you. In addition, Just over 7 months since the completion of the Mainnet, about 159 assets have been released on the Binance Chain platform. Use BNB to pay BitTorrent subscription fees.Īccording to the Whitepaper, Binance will deduct 20% of its revenue to burn BNB until the total supply of BNB is halved, which is 100 million BNB.Ĭurrently, Binance has conducted 9 BNB burns with the total amount of BNB burned up to 14,525,135, equivalent to $205,838,000.
Use BNB to give virtual gifts through Gifto. Use BNB to pay for products and services via Pundi X's XPOS machine. Use BNB to buy air tickets, book hotels through TravelbyBit. Currently, BNB is used for payment and used for many different purposes such as: In addition to the Binance ecosystem, BNB is also used to pay as a currency at stores and partners that accept BNB payments. BNB is used to pay transaction fees on the Binance Chain network BNB is used not only in the Binance Chain network, but also in the entire Binance ecosystem Binance Coin (code: BNB) is the official cryptocurrency of Binance Chain
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