Solana Spaces to Close Brick-and-Mortar Stores in NYC, Miami – BSC NEWS

Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

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Blockchain News

Lido Activates Safety Feature After 150K ETH Staked in One Day

Lido Staking Rate Limit Throttles Inflow of Staked ETH

Liquid staking protocol Lido has activated a safety feature called the Staking Rate Limit after more than 150,000 ETH was staked in a single day.

In return for users’ staked ETH, Lido issues stETH. The Staking Rate Limit decreases how much stETH can be minted at any one time. The rate of recovery is about 6.2K ETH per hour.

If a stETH minter encounters an error, Lido said to try again with a smaller amount or wait for the capacity to replenish.

Liquid staking protocols have attracted a large amount of attention as key components of the Ethereum ecosystem as the Layer-1 blockchain approaches the significant Shanghai upgrade, which will enable users to withdraw their staked ETH.

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What is Ethereum:

Ethereum is an open-source, distributed computing platform based on blockchain technology that can execute smart contracts – that is, the terms written in the contract will be executed transparently, automatically when the previous conditions are satisfied, and no one can interfere. At the same time, Ethereum also allows developers to build decentralized applications (DApps) and decentralized autonomous organizations (DAO).

Find more about Ethereum here:

Website | Twitter | Documentation | Whitepaper | Reddit | Discord | Youtube | GitHub | Ethereum Foundation Blog |

Blockchain News

A Quick Guide to the Top 5 Games on Polygon Network

Top 5 Games on Polygon

A sidechain to the Layer-1 Ethereum blockchain, the Polygon Network has a healthy ecosystem of protocol offerings in different areas, including Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs) and Gaming.

Let’s take a look at the top 5 most popular games on Polygon, according to Unique Active Wallets over the past 30 days, via DappRadar rankings: Planet IX, Benji Bananas, Oath of Peak, Arc8 by GAMEE and Sunflower Land.

While most of the names on the list are well-established, newcomer Oath of Peak has jumped up the rankings by increasing its UAW by 775% in the past month. 

1. Planet IX

• Name: Planet IX
• Token: $IXT
• Description: NFT-based strategy and Play-to-Earn game where players help restore a planet by acquiring and cultivating land NFTs.
• 30-Day UAW: 157K

2. Benji Bananas

• Name: Benji Bananas
• Token: $PRIMATE
• Description: Scrolling free-to-play action-adventure game. Players can unlock Play-to-Earn features by holding a Benji Bananas Membership Pass NFT.
• 30-Day UAW: 127K

3. Oath of Peak

• Name: Oath of Peak
• Token: $PKTK
• Description: Fantasy MMORPG with blockchain facilitating the economic side of gameplay.
• 30-Day UAW: 83K

4. Arc8 by GAMEE

• Name: Arc8 by GAMEE
• Token: $GMEE
• Description: Play-to-Earn mobile platform featuring arcade games.
• 30-Day UAW: 49K

5. Sunflower Land

• Name: Sunflower Land
• Token: $SFL
• Description: Blockchain-based Metaverse farming game. 
• 30-Day UAW: 36K

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What is Polygon:

Polygon is a “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more. The effectiveness of Polygon as an alternative to Ethereum has seen existing projects such as Aave and Curve adopting its chain.

For more about Polygon:

Website | Twitter | GitHub | Reddit | YouTube

Blockchain News

Who is Building on Base?

Base Secures Impressive Roster of Partners

Coinbase has announced the launch of Base, a developer-friendly Ethereum Layer 2 solution that aims to bring the next billion users to the Web3 space.

Base has already garnered a slew of confirmed partners, which include some of the most exciting names in the industry. As Base testnet goes live, we offer a closer look at some of the exciting partnerships that have already been confirmed.

Gelato, a decentralized backend for Web3, has joined hands with Base to provide seamless automation capabilities. Blackbird, a company that aims to revolutionize restaurant loyalty, has partnered with Base to create a future-ready loyalty program for its customers.

Socket, which enables asset and data transfer across chains, is also one of the confirmed partners of Base. Coherent is building a data warehouse for Base to ensure a secure and transparent database. Flipside, which specializes in decoding and curating Base data, has been granted early access to the platform.

Mnemonic is bringing NFT data, insights, and analytics to the Base ecosystem. Blockdaemon is supporting Base with its Ubiquity Data API suite, while Covalent is providing comprehensive and accurate data for its testnet, playing an active role in its road to mainnet. Etherscan and Blockscout have been roped in as explorers of Base, providing reliable open-source exploration tools for the platform.

Dune Analytics, a free analytics platform, has also joined hands with Base, allowing developers to gain valuable insights into user behavior. The Graph has been included to allow developers to build subgraphs to index and query Base Dapp data on testnet, while Wormhole is providing a low lift, low-code solution for multiple xChain use cases.

QuickNode is one of the official node providers for Base, enabling developers to sign up for a Base testnet node, while Nansen is providing data analytics for both builders and users on Base. Pyth Network is allowing builders on Base to tap into its 200+ price feeds.

SushiSwap is one of the DEXs of Base, allowing users to access decentralized trading services with ease. Cask Protocol is building automated money flows on Base testnet, and City3 is building citywide community currencies on Base.

With such an impressive roster of confirmed partners and more on the way, Base is well on its way to becoming a powerful force in the world of Ethereum Layer 2 solutions. Developers can start building on the Base testnet today and can look forward to the upcoming mainnet launch.

What is Base:

Base is a secure, low-cost, developer-friendly Ethereum L2 built to bring the next billion users to Web3. Base is built as the optimum environment for budding developers in Web3 to build on using their RPC testnet endpoint or choose from Node providers: QuickNode, Infura, and Blockdaemon. Developers can start building on the Base testnet today and stay tuned for the upcoming mainnet launch

Find more about Coinbase here:

Website | Twitter | Blog |

Blockchain News

Chainlink Weekly Roundup: StarkNet, TrueUSD, Radiant, ETHDenver

DeFi, Stablecoin, Money Market, Convention

This week, Chainlink is flexing its industry-standard multichain credentials, as the dominant smart contract oracle network branched out to a testnet, is helping back a stablecoin and partnered with a protocol on a growing Layer-2 solution. And here’s how to meet Chainlink at a major Ethereum event going on in the U.S.

In this week’s roundup:

• Chainlink Price Feeds are available on StarkNet Testnet.
• TrueUSD integrates Chainlink Proof of Reserve (PoR).
• Radiant Capital integrates Price Feeds on Arbitrum.
• Chainlink publishes schedule for ETHDenver 2023.

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Chainlink Price Feeds on StarkNet Testnet

Chainlink Price Feeds are now available on StarkNet Testnet, and already Decentralized Finance (DeFi) applications are using the data source to power their platforms.

Examples of protocols using Price Feeds on StarkNet already include zkLend, Nostra Finance and ZKX Protocol.

“Chainlink’s reliable oracle services will help enable zkLend money markets to underpin core DeFi activity on StarkNet. Starkware’s commitment to equipping developers with industry-leading infrastructure by joining the Chainlink SCALE program will provide a bedrock for StarkNet innovation,” zkLend Co-Founder and CTO Jonathan Lei said on Twitter.

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TrueUSD Integrates PoR

TrueUSD has integrated Chainlink PoR directly into the minting function for the TUSD stablecoin.

“We’re excited to be using Chainlink Proof of Reserve to enhance the transparency and verifiability of our stablecoin,” Archblock CEO Ryan Christensen said in a Medium post. “As the industry-standard decentralized oracle network, Chainlink helps ensure that TUSD is always collateralized by off-chain fiat reserves, furthering TUSD’s commitment to trust and transparency.”

TUSD is the first USD-collateralized stablecoin to control minting with real-time on-chain verification of off-chain reserves.

“We are proud to support TUSD in its efforts to bring new layers of transparency, risk management, and security to its stablecoin minting process,” Chainlink Co-Founder Sergey Nazarov said. “With Chainlink Proof of Reserve, TUSD is able to provide greater levels of assurance and confidence to its users, and help bring greater stability to stablecoins and the broader crypto industry.”

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Radiant Capital Integrates Price Feeds on Arbitrum

Decentralized money market Radiant Capital has integrated Chainlink Price Feeds on Arbitrum, initially for BTC, DAI, ETH, USDC, USDT and BNB.

“Accurate market data is critical for decentralized money markets. Integrating Chainlink Price Feeds helps ensure that our protocol remains secure, scalable, and decentralized,” Radiant Capital CMO Roger said in a Medium post.

Radiant also will integrate Price Feeds on BNB Chain when the protocol goes live on that blockchain.

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Chainlink Live in ETHDenver

Chainlink is among the many Web3 companies converging on the Rockies for the major ETHDenver conference going on this week.

Check out the schedule to see the events Chainlink is participating in and sponsoring in Denver.

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Last four weekly Chainlink Roundups:

• Feb. 19: LUXON, Zeta Markets, SmartCon 2023
• Feb. 12: MakerDAO, Starknet, Cryptex, Aave
• Feb. 5: Picardy Protocol, Icetea Labs
• Jan. 29: $7 Trillion, FilSwan, Karto Cars

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What is Chainlink:

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries and offers global enterprises and leading data providers a universal gateway to all blockchains.

Where to find Chainlink:‍

Website | Twitter | Docs | Community

BSC News

After Migration Exploit, FEG Token Team Ponders Next Steps

Project on Pause for Audits

The FEG Token team is attempting to recover about $280,000 in liquidity that was stolen during an exploit of the project’s migration tool to its upgraded Smart DeFi 2.0 token. The transition remains on pause while the migration tool undergoes an audit and the team explores how to restore short-term liquidity.

FEG is on both BNB Chain and Ethereum. The exploit affected liquidity only on the BNB Chain side of the token.

According to a Twitter thread on the FEG account from lead developer FEGrox, the project team has met with Centralized Exchange partners and security experts to determine next steps, including:

• Exploring the option of a liquidity provider for FEGbsc
• As a secondary option, look at splitting liquidity between BNB Chain and Ethereum for a short while
• Pursue efforts to recover $280,000 in liquidity via a 10% bounty and tracking
• Use airdrops and a freshly audited migration tool to complete the migration.

One FEG community member said on Twitter that the new token will be launched on a new contract address, and holders affected by the exploit will get their funds back via airdrop or refund.

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What is FEG Token:

FEG Token is a decentralized transaction protocol on Ethereum and BNB Chain. FEG was created by FEGrox, the project’s pseudonymous lead developer. The native FEG token is a hyper-deflationary, community-driven governance token with a 2% transaction tax. FEG offers an entire ecosystem built with a focus on reshaping and evolving how decentralized finance works. It includes a FEG Exchange for swapping, staking, and providing liquidity to tokens, as well as fWraps, which enable users to wrap another cryptocurrency like ADA, DOGE, or XRP and receive rewards.

Where to find FEG:

Website | Twitter | Medium | Whitepaper | Instagram | Telegram | Reddit | Discord | Youtube |