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Tag: Polkadot

Polkadot is a blockchain network protocol that allows arbitrary data, and not just tokens, to be transferred across different blockchains networks.

Polkadot’s $245M Treasury: An In-Depth Analysis of Its Financial Stability and Future Plans

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Polkadot’s treasury holds $245 million, projected to last for about two years at current spending rates. The blockchain spent $87 million in the first six months of this year, with the majority allocated to marketing activities. Concerns have been raised about the treasury’s financial stability and the need for stricter budgeting or adjustments to the currency’s inflation rate. Polkadot’s Treasury...

Cryptocurrencies, Front page, News, Polkadot

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Polkadot Allocates $14.4M to Boost DeFi with Hydration

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Polkadot’s leading DeFi project – Hydration, is thrilled to announce that it has been awarded 2 million DOT (equivalent to $14.4 million) tokens from the Polkadot treasury. The funds have been earmarked to bolster the liquidity and trading efficiency of Hydration’s single-sided liquidity provisioning platform Omnipool. The allocation of the DOT tokens is twofold. One million DOT will be spent over the course of one year to attract...

Cryptocurrencies, DeFi, Polkadot, Press release

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The Web3 Foundation joins the project that seeks new sources of income for the media

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The world of academia, journalism, and technology join forces to study new models of sustainability and credibility for the media industryThe project is supported by large and recognized organizations such as Wan-Ifra, Oxford Internet Institute, and the Web3 Foundation Madrid, August 29, 2022.- The Swiss-based Web3 Foundation, whose flagship project is the Polkadot blockchain protocol, is pleased to announce its...

Blockchain, Polkadot, Press release, Web3

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Acala repegs

Acala repegs

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Misconfiguration of the network’s iBTC/aUSD liquidity pool enabled hackers to produce 1.28 billion stablecoins, reducing its value. Hackers exploited a newly installed liquidity pool weakness to make 1.28 billion tokens.  The site burned the hacker-created stablecoin supply on Tuesday, putting its price back near to $1. The network suspended operations following an emergency vote on governance due to the aUSD drop. As...

$aUSD, Altcoins, Blockchain, Cryptocurrencies, Front page, News, Polkadot

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acala

Another depeg: Acala reveals 3 billion aUSD incorrectly minted

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After a setup issue in a recently created liquidity pool, Acala still tracks incorrectly generated coins as the dust settles from another decentralized financial hack. The 16 wallet addresses linked to the exploit were the subject of continuing trace reports, according to the developers. The network’s native stablecoin, Acala Dollar ($aUSD), lost its peg to the dollar on Saturday when a fault prompted the network to...

$aUSD, Front page, Hacks, News, Polkadot

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