Dune’s Post

📈 The tokenization of real-world assets (RWAs) reached a market cap of $2.7 billion in the first quarter of 2024 and is forecast to present a $16 trillion opportunity by 2030. Via Cointelegraph, Chronicle Founder, Niklas Kunkel, explores why RWA Oracles are key to opportunities like the Spark Protocol Tokenization Grand Prix and, more generally, bringing trillions of capital onchain.

📢 Quote of the week 📢 "No matter which way you look at it, the 2020s are shaping up to be the decade of tokenisation." This is taken from Cryptonews' deep dive 'What Is Real-World Asset Tokenisation?' published this week, which looks into the benefits, challenges and most popular tokenisation projects so far. 🔗 Read the full article here: https://lnkd.in/eepGyvuT

Yesterday, we announced that FDUSD is natively available on Sui Foundation. This integration brings the power of FDUSD to Sui's ultra-fast network, fueling stablecoin transactions with cost-effective fee and superior scalability. From our early discussions at Sui Basecamp in Paris to this moment, our commitment to creating a seamless, secure stablecoin transaction continues to grow. This collaboration opens new avenues for enhanced interoperability, increased liquidity, and more opportunities for global users across the digital asset space. FDUSD is also available on Cetus for swaps and liquidity options on-chain. Read more about this milestone: https://lnkd.in/gYRvzDmy #FirstDigital #FDUSD #Sui

What if you could get rewarded for protecting the blockchain ecosystem? Enter Oracle Integrity Staking (OIS)—an upgrade to the Pyth blockchain oracle that brings enhanced data source accountability for a more secure Web3 finance ecosystem. OIS introduces decentralized staking rewards and slashing mechanisms for Pyth Network participants. ℹ️ Here’s How It Works: OIS allows anyone to help secure Pyth and protect the decentralized finance (DeFi) industry. The OIS program introduces decentralized staking rewards and slashing mechanisms to incentivize publishers and PYTH holders to stake tokens to help secure the Pyth oracle. More specifically, OIS enables publishers to stake PYTH tokens to become eligible for on-chain rewards. Publishers will programmatically receive rewards for contributing high quality data. If they provide faulty data, a portion of their stake will be slashed as a penalty. PYTH stakers can delegate their stakes to Pyth publishers to enhance those publisher’s potential rewards for providing high-quality data. This contribution strengthens the resilience and security of Pyth Price Feeds, and in return, stakers are programmatically rewarded for helping secure the oracle. In the event that data from a set of publishers fails to meet standards, both the publisher and any stakers supporting them can face slashing penalties. This shared responsibility model encourages careful evaluation of publishers, promoting a culture of accountability throughout the network. 🤝 Partners Thank you to the DeFi leaders and builders who have supported this launch and the greater mission of Pyth Network: Kamino Finance, SynFutures, Drift Labs, Solend, Suilend, Zeta Markets, Paradex, HMX, ZeroLend, Polynomial Protocol, Rain.fi, Vela Exchange, Ionic Money, Perennial Labs, and many more. OIS is supported by some of the largest names in traditional finance (TradFi), centralized finance (CeFi), and decentralized finance (DeFi). Thank you to all of the Pyth Network publishers who have supported OIS and helped make today’s launch possible including: Kronos Research, Amber Group, Keyrock, XBTO, Flowdesk, Selini, Caladan, Tokka Labs, CMS Holdings, LLC, Wintermute, Flow Traders, and many more. Learn how you can get involved in Oracle Integrity Staking and get rewarded for helping secure the oracle and protecting DeFi: https://lnkd.in/gs8sqVjC

Custodians, exchanges and marketplaces facing the complexities and challenges of retrieving and analyzing staking-related information 👋 In this outstanding piece Colton Campbell brilliantly articulates how Figment's API revolutionizes access to staking data. Instead of sifting through scattered crypto docs and spending valuable time developing, testing, and maintaining an indexing strategy every time you support a new asset, just use Figment’s API and get: - Historical staking data served the same way for every protocol - MEV reward data for ETH and SOL - Data for any validator on the network, not just Figment - Daily, epoch, and all-time granularity - A daily time series of staking reward rates Read the full article here 👇 https://lnkd.in/eJieF4N2 Figment #ethereum #staking #restaking #stakingAPI

Tokenisation of RWA (real world assets) is a hot topic in the Web3 space. In most current contexts, it is about the tokenisation of real world traditional financial products which provide benefits such as enabling liquidity for assets that are traditionally illiquid, democratises investment opportunities to a broader segment of investors by fractionalising certain classes of assets, enabling innovative DeFi features for the traditional financial assets being tokenised and so on. These is a recent KuCoin article (https://lnkd.in/gN78kn-W) which provides some explanation and projects involved in RWA tokenisation -- this article is for the reader to better understand this area of Web3, it is not financial advice, as always you will have to DYOR (Do Your Own Research). Some additional related information is also available in the KLDX Knowledge Centre: https://lnkd.in/gnyKADmK.

Title: Revolutionizing DeFi with Radix In the rapidly evolving landscape of decentralized finance (DeFi), Radix stands out as a pioneer, driven by a bold vision and cutting-edge technology. By harnessing the potential of blockchain and smart contracts, Radix is creating a more secure, transparent, and accessible financial ecosystem for all. In this article, we'll delve into Radix's vision, technology, and impact, exploring how this innovative platform is shaping the future of DeFi. Vision: Radix's vision is to empower individuals and communities by providing a decentralized platform for financial freedom, innovation, and growth. By democratizing access to financial services, Radix aims to bridge the gap between traditional finance and the decentralized future. This vision is built on three core principles: 1. Decentralization: Radix believes in the power of decentralized systems, where decision-making authority is distributed among users, rather than controlled by a single entity. 2. Inclusivity: Radix strives to create a financial ecosystem that is accessible to everyone, regardless of geographical location or financial status. 3. Innovation: Radix fosters a culture of innovation, encouraging developers and users to build and utilize decentralized applications (dApps) that push the boundaries of financial services. Technology: Radix's cutting-edge technology is designed to support its ambitious vision. The platform's architecture consists of: 1. Radix Protocol: A layer-1 protocol specifically designed for DeFi, enabling fast, secure, and scalable transactions. 2. Cerberus: A consensus algorithm that ensures high security and energy efficiency, allowing for a more sustainable and environmentally friendly network. 3. Radix Engine: A smart contract platform for building decentralized applications (dApps), providing a flexible and modular framework for developers. Impact: Radix's impact is multifaceted, with far-reaching consequences for the DeFi ecosystem and beyond: 1. Decentralized Finance: Radix is shaping the future of DeFi, enabling users to access financial services without intermediaries, and providing a platform for decentralized lending, borrowing, and trading. 2. Financial Inclusion: Radix's platform provides equal access to financial opportunities, promoting global economic growth and reducing financial inequality. 3. Innovation: Radix's technology and community encourage innovation, driving progress in the DeFi space and fostering the development of new financial tools and services. Conclusion: Radix is revolutionizing the DeFi landscape with its visionary approach, cutting-edge technology, and inclusive ecosystem. By empowering individuals and communities, Radix is shaping the future of finance and unlocking the potential of decentralized finance. Join the Radix community and be part of the DeFi revolution. https://www.radixdlt.com/

Are you curious to better grasp the challenges for token engineers at the intersection of algorithm design and software engineering? Today's #TokenEngineeringReads shares expert examples from our partner Carbon DeFi by Bancor! READ THE FULL VERSION: https://buff.ly/3xFfeE8 1/ Defining Precision for a Protocol Designer: Bancor Project Lead Dr. Mark Richardson examines Carbon DeFi's fixed-point arithmetic for on-chain trading using dual-curve design, highlighting the challenges in software implementation. Read more: https://buff.ly/3Q6t6xv 2/ Learn how Carbon DeFi conquers blockchain precision limits through innovative approaches, ensuring high accuracy and optimal transaction efficiency on its trading platform. 3/ Dive into how Carbon DeFi maintains precision across all user interactions: from setting strategies to executing trades, it uses compression algorithms and mulDiv functions to maintain accuracy and prevent overflow within 256-bit EVM limits. 4/ Tackling trades between high-decimal tokens like Shiba Inu and precious, low-decimal ones like wBTC, Carbon DeFi masters extreme divergence in token decimals. By verifying a vast, six-dimensional input space with sophisticated tools, they guarantee accuracy and fairness in transactions. 5/ The team managed to achieve transaction integrity by balancing precision and overflow risk, while adhering to Ethereum standards – a tough challenge to solve, as this study shows: https://buff.ly/3Q6t6xv 6/ Expand your algorithm design skills via our Study Season's latest Live Track, "DeFi's Concentrated Liquidity from Scratch"! Led by Mark, we'll discuss and derive the formal description of concentrated liquidity. The program starts on April 25, secure your spot here: https://buff.ly/43wpCtP This newsletter is made possible thanks to funding from Carbon DeFi by Bancor, Tokenomia.pro, and Optimism Foundation's RetroPGF! Subscribe to #TokenEngineeringReads for more educational content like this delivered straight to your inbox: https://buff.ly/3lgTJUj #tokenengineering #algorithmdesign #softwareengineering

Uniswap Labs v4 is packed with game-changing innovations in DeFi! I couldn’t keep this to myself, so I broke it all down in my latest article. It explains its new features: - Custom Hooks - Singleton & Flash Accounting - The return of native ETH support - And more! Dive in! https://lnkd.in/dbWMQ_Ck

BlackRock's latest initiative on launching new BUIDL share classes across multi-chains are largely around the Ethereum ecosystem. Or, on chains where interoperability is not an issue. It's a roadmap for financial institutions globally to go on-chain. Many other financial institutions have taken the shortsighted view on building on open access but proprietary blockchains. Why would build on incompatible intranet infrastructure (private blockchains) and not on the internet (public blockchains)? https://lnkd.in/dR6XJQJm