Symbiotic Launches Devnet on Ethereum, Introducing Advanced Restaking Features
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Daily Top Performer — Curve Finance (CRV)
The SPX index was up by 0.004%, reflecting a broader market struggle to continue a recent upward trend. The broader cryptocurrency market was mixed, with Bitcoin dropping by 1.03% and Ether rising by 4.88%, in the past 24 hours.
Today's top performer is CRV, which surged 17.4% after Curve Finance celebrates CRV's 4th year with new 6.35% inflation rate.
Curve Finance (CRV), launched in January 2020, is a DeFi protocol on Ethereum that facilitates stablecoin trading using an automated market maker model. It focuses on stablecoins pegged to the U.S. dollar and Bitcoin, enabling low-fee trading with minimal price variation through user-supplied liquidity pools. Curve Finance celebrated its 4th anniversary, during which the inflation rate was reduced to 6.35%, equating to a daily issuance of 375,000 CRV.
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Talk of the Town:
Symbiotic has launched its Devnet after extensive research and development, emphasizing decentralization with full sovereignty, flexibility, and modularity. This release marks the first shared security protocol on Ethereum to feature a slashing and rewards architecture, setting a new standard for openness and neutrality in shared security. Symbiotic aims to enable builders to create advanced protocols with robust cryptoeconomic security. Alongside the devnet, Symbiotic is developing comprehensive documentation and guides, preparing for a fully immutable mainnet deployment in Q3 2024. This progress is supported by pending audits from five leading security firms. The release invites builders to explore and utilize its modular shared security features.
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Bitcoin Spot ETF Flows:
Category | Flow (millions) |
GBTC | (11.8) |
Non-GBTC | 26.2 |
Total | 14.4 |
Yesterday, the BTC spot ETF saw a net total inflow of $14.4 million. Specifically, the GBTC category experienced an outflow of $11.8 million, while the Non-GBTC category recorded an inflow of $26.2 million.
Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!
Airdrop to Watch:
The deBridge Airdrop Checker is now available, allowing users to check their DBR token allocation at the deBridge foundation website. The top 10% of users will have 50% of their tokens vested, while all other users will receive 100% of their tokens at launch. The Token Generation Event (TGE) and claim dates are to be announced.