Daily Web3 Headlines You Need To Know
19 August #NFT #Developers #DeFi&Trading #Policy&Law
🖼 NFT
Rarible Proposes No-Fee Bored Ape NFT Marketplace for ApeCoin Users
Rarible提出为ApeCoin用户提供免费的无聊猿NFT交易市场
Rarible shared its proposal idea on Wednesday, pitching an ApeCoin-centric NFT platform that will charge no marketplace fees for NFTs that are listed natively by holders. The marketplace, powered by the open-source Rarible Protocol, would also aggregate listings from other notable marketplaces — including OpenSea and LooksRare — to boost liquidity…(Read More)
🔗 Developers
How can DAOs involve fans in filmmaking? Expert answers
DAOs如何让粉丝参与到电影制作中？专家解答
As more people begin to integrate Web3 technologies into entertainment and production, the use case for decentralized autonomous organizations (DAOs) in filmmaking. When it comes to DAO usage in films, a deeper level of fan engagement was highlighted by Fraser. As an example, the executive pointed out the involvement of fans in the production process, such as in creating the script, choosing stories and picking the location …(Read More)
3 cloud providers accounting for over two-thirds of Ethereum nodes: Data
数据：3家云提供商占据以太坊三分之二以上的节点
A Monday post shows that three major cloud providers account for 69% of hosted nodes on the Ethereum Mainnet, with over 50% of that coming from Amazon Web Services (AWS), over 15% from Hetzner and 4.1% from OVH…(Read More)
📈 DeFi & Trading
A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction
在Avalanche (AVAX) 16%的修正之前，TVL和DApp使用量的大幅下降
After an impressive 73% rally between July 13 and Aug. 13, Avalanche (AVAX) has faced a 16% rejection from the $30.30 resistance level. Some analysts will try to pin the correction as a “technical adjustment,” but the network’s deposits and decentralized applications reflect worsening conditions…(Read More)
Robinhood lands steep 60% discount on $170M exchange acquisition: Report
报告：Robinhood在1.7亿美元的交易所收购中获得了60%的大幅折扣
The initial offer from Robinhood came in April, however according to various reports online around Aug.17, the company revised its offer to $72.5 million after citing adverse market conditions. Ziglu CEO Mark Hipperson reportedly accepted the offer on Aug. 18…(Read More)
⚖️ Policy & Law
US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption
美国立法者向4家挖矿公司发起直接诉求，要求提供能源消耗信息
Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms in regard to the potential effects of their energy consumption on the environment…(Read More)
🔍 Learn
#TVL #DeFi
If you have been using DeFi tracking sites, the chances are high that you have run into total value locked (TVL) as a reference point.TVL, the abbreviation of ‘Total Value Locked’, is the overall value of crypto assets deposited in DeFi protocol (specialized and autonomous programs designed to address issues within the traditional finance industry) . TVL is known as the key metric that is used to measure the overall health of the DeFi and yielding market.
What does it mean?
TVL includes all the coins deposited in all of the functions that DeFi protocols offer, including staking, lending and liquidity pools. It only reflects the current value of the deposits themselves.
A high TVL means high liquidity, popularity, and usability, which indicates that the DeFi protocol is doing well and benefits the investors with its higher liquidity and returns. On the other side, a lower TVL is the total opposite, indicating low liquidity, popularity, and usability, meaning that the investors will not get enough rewards if they choose to stake the token of the protocol.
Is TVL reliable?
Just like any other metric, TVL could only be used as a reference. It could sometimes, with the manipulation of the wales in the DeFi protocols, reflect a false image of the health and activity of a particular DeFi protocol.
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