I love hanging out at the Discord channel run by Hodlnaut these days. People are friendly and generous with their knowledge; there’s never a dull moment, and the crypto topics run the whole gamut from multi-factor authentication to NFTs to crypto lending platforms.
1) Chainlink comprises an oracle that just about supports every blockchain that is in use out there. It specialises in integrating off-chain real-world data and prides itself on being an agnostic network. My friend is super optimistic about the growth potential of Chainlink and urges us to be patient so that we can witness its soaring price in future.
pivoted from masternodes to DeFi in the previous year and has been generating popularity as a CeFi platform that dabbles in DeFi products. Its interest rates are arguably one of the best in the crypto space: 17% APY for BTC and 23% APY for ETH.
Benjamin Cowen is a popular YouTube who specialises in utilising his risk metrics to determine whether it is a good time to buy a particular crypto. He distils the volatile crypto market into market trends that are palatable for the human mind to understand and absorb. Lest you dismiss him as a crystal ball gazer, he has a background in computational Maths and quit his job as a nuclear engineer to work on his YouTube channel full time, thus lending credibility to his analyses. My friend counts himself lucky because he subscribed to be a premium member before Cowen catapulted to fame, so he is enjoying access to the premium contents at relatively cheaper rates.
4) Cardano fans, please take note. A new wallet is slated to be released soon. It is called Ray Wallet and showcases a holistic ecosystem built on ADA. Needless to say, integration with major DEXes will be available to facilitate investors’ financial goals.
5) BlockFi runs a tight ship because users have to take pictures of their ID AS WELL AS 3 different angles of their selfies in order to withdraw their digital assets. My friends also report that their assets are typically held 1-2 days even after they jump through all these hoops. Hence, BlockFi’s robust security protocol can be a boon or a bane, depending on your comfort level with security.
6) Yearn.finance is priced so spellbindingly high because there are only 36,666 YFI tokens in existence!
7) Play-to-earn devotees could look into tackling DeFi Kingdoms as the develops appear to have come up with a structure to prevent the $JEWEL economy from collapsing. So, when players stake their assets into the liquidity pools, a significant proportion of it will be locked up and gradually be unlocked linearly over time. Given that the APR for the liquidity pools falls over time, players feel incentivised to continue throwing back their interest into the pool.
8) Both Google Authenticator and Authy use the same OAuth TOTP standard. So, a site says "add google authenticator", you can use Authy instead. Using Authy is preferable to Google Authenticator. While your codes will be gone should your phone be broken or stolen in the case of Goggle Authenticator, Authy is linked to a cloud backup app that restores your previous codes should you input your custom backup password.
9) In a similar vein, you can consider BitWarden, an open source software if you want to have something to manage both your passwords and 2FA. Some of you out there may even want to invest in a hardware key for BitWarden, the likes of which include . It is an literal key that turns the lock on your online accounts. Fascinating, huh?
RabbitHole is a site that helps you expand your web 3 knowledge by guiding you through some of the applications. All you need is a private wallet to get started. I haven’t explored it, to be honest but I certainly plan to do so!
I hope you enjoyed this hotchpotch of random crypto news!
