🔥🔥🔥 [ANN] Elrond - Sharded layer one protocol with near instant TX speed

[NotHatinJustTrollin]

Elrond DeFi 2.0: The Era Of Autonomous Banking, A Multi-Trillion Dollar Opportunity



Technological advancements have shaped our world into something that was beyond what we imagined to be possible only a few years ago. From shipping in one day around the globe, and instantly sending and receiving emails, calls, videos, or other information anytime, anywhere, to the point of solving complex problems in milliseconds.

The financial system, however, has remained surprisingly stuck in the past, with its core elements being extremely inefficient. The brokenness can be viewed in the fact that in the high speed internet era you still wait days for transactions to process, pay large fees for processing, have different payments for different countries, and have days with closed schedules.

Perhaps the most painful is that more than 1.7 billion people still lack basic financial infrastructure in the world we live in today.

But this is also the largest opportunity for improvement. Largest in both impact and upside. In fact it might be a generational opportunity. Perhaps the biggest since the internet.

By adopting blockchain technology, states, banks, financial startups, or individual users around the world, will be able to benefit from faster and significantly cheaper services, gaining orders of magnitude in efficiency. Connecting the rest of the unbanked world to this new economic efficiency via the internet, will be the most important strategic next step.

Read more: Foundation Blocks For The New Economy

[1714724211]

1714724211

[1714724211]

1714724211

[1714724211]

1714724211

[1714724211]

1714724211

[1714724211]

1714724211

[NotHatinJustTrollin]

Global Cross-Chain Liquidity For eGold And Elrond Assets Via DeFi Platform Reef Finance



Experimentation with decentralized finance has produced a number of very valuable standalone products that often combine to bring even more benefits to their users. It is actually the interoperability of products and the resulting mesh of value flow that is at the heart of DeFi innovation.
For DeFi products to be meaningful they have to be deployed close to existing liquidity in order to immediately capture value for their users. This usually means building on Ethereum, which has the largest available liquidity but is also marred by expensive transactions and long processing times.

https://elrond.com/blog/elrond-cross-chain-defi-reef-finance/

[NotHatinJustTrollin]

Enhanced Conversion Opportunities: Direct eGold To Euro Fiat Now Live Via Binance



One of the most important issues solved by blockchain technology is the cost and speed at which value flows. Perhaps ironically, this is also one of the issues which hinder blockchain adoption, as cryptocurrencies are mostly perceived as assets you buy, instead of value you convert into.

This is why we are excited to announce that Euro can easily be converted into eGold and vice versa, thanks to the native fiat EUR to EGLD pair enabled by Binance!

The activation of this pair is important for the Elrond ecosystem, as it enables anyone to directly and inexpensively convert the denomination of their holdings between eGold and Euro.

Conversion available here: https://www.binance.com/en/trade/EGLD_EUR

[Iced]

What I like about Elrond is the following:
https://docs.elrond.com/welcome/welcome-to-elrond/

Full and clear information: https://docs.elrond.com/technology/architecture-overview/

[Iced]

Elrond is now being accepted through NOWPayments, this is a platform that can be used to accept payments/donations in crypto. It can also be used as a mediator for mass payouts (e.g. commissions, payrolls ...)

NOWPayments has integrations for the following CMS systems:  WooCommerce, Magento 2, Zencart, OpenCart, WHMCS and Shopify. The API documentation is briefly described: https://documenter.getpostman.com/view/7907941/S1a32n38?version=latest

The usage of NOWPayments require a transaction fee starting as small as 0.5%

[Dalib]

The Maiar exchange and MEX token: Snapshots and Claiming

he MEX token is coming. This will be the native fuel and governance token of the Maiar exchange. Every EGLD holder will be able to claim this new token, and be part of the Maiar exchange ecosystem.

The distribution of MEX is a complex process, and we will detail all aspects below.

The short version is this:

The best action to get more MEX is to have EGLD staked
Weekly average EGLD staked & holdings considered based on daily snapshots
Daily random snapshots begin April 19
MEX is claimable in the first half of May
Here are the answers to the most important questions:

Who is eligible to claim MEX?
All Elrond addresses that stake or hold EGLD will be eligible to claim MEX. Exceptions to this rule apply to exchange addresses, and a few other cases mentioned below.

Eligible EGLD holdings:

• Staked as Validators (also queue) 1.5x

• Delegated to Staking Providers 1.5x

• Delegated in legacy Active Delegation 1.5x

• Delegation Legacy Waiting List 1.25x

• Held in Maiar w/ 5+ referrals 1.25x

• Held in Web Wallet, Ledger 1x

• Unbonding 1x

NOT eligible EGLD:

- EGLD on exchanges

- tokens managed by the Elrond Foundation: Protocol treasury

- tokens that are locked for vesting

- ERC20 & BEP20 EGLD

- old ERC20 ERD

Note for TrustWallet users: your EGLD balance is theoretically eligible, but the claim mechanism is not available via the TrustWallet app. The optimum strategy would be to move the EGLD to Maiar or a Web Wallet, and stake it for additional MEX.

What is a snapshot and how will it be done?
By “snapshot” we mean a record of all the available EGLD balances, in all the eligible Elrond addresses, at a specific point in time. Snapshots will occur on a daily basis, with one complete snapshot cycle average happening every week.

The first snapshot cycle will begin on Monday, April 19th, finalizing on Sunday, the 25th. The daily average EGLD holdings over this week will be considered for MEX distribution calculations.

The first snapshot cycle will bring the highest MEX reward, with several snapshots cycles done in the weeks that follow.

More detail, please check: https://elrond.com/blog/maiar-exchange-mex-distribution/

[NotHatinJustTrollin]

Broad Distribution And Compelling Tokenomics: Introducing The MEX Economic Model

Fast. Secure. Scalable. Inexpensive. Decentralized. The Maiar Exchange will be the first DEX/AMM to have all these properties at once. And with the Maiar app, it will also have 300k+ users on day 1, seamless authentication & a powerful mobile experience.

Perhaps most important, its MEX token will be 100% owned by the community, through the broad distribution and compelling economics that will enable it to capture value in a positively reinforcing feedback loop.

The primary function of the MEX token is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity. Liquidity mining programs are unique to crypto and will act as both a token distribution and liquidity bootstrapping mechanism.

Everyone will be able to participate in the success of the Maiar Exchange, both from a governance and rewards & value perspective.

Bootstrapping The Maiar Exchange
To bootstrap exchanges of any kind and build network effects one has to address a chicken-egg problem where they begin with both low liquidity and low trading volumes. Many face a hard time kicking off a feedback loop but liquidity mining presents a novel mechanism to bootstrap network effects: incentivize actions that increase the utility of the network via native token rewards.

In short, liquidity mining (LM) incentivizes liquidity provisioning through token rewards (MEX). This allows liquidity to flourish and attract greater trading volumes.

Liquidity can create the following feedback loop: More Trading Volume > Higher Market Makers (MM) Profits > More Liquidity Provided > Less Slippage & Tighter Spreads > More Trading Volume.

In order to bootstrap the Maiar Exchange, we will focus on the following factors:

Maiar DEX will leverage a competitive incentive program to bootstrap its growth
Maiar DEX’s native token, MEX, follows a balanced mint and burn token mechanism; it’s a temporary inflationary token with no defined hard cap which can become deflationary if burns outpace emissions. This design allows the platform to incentivize a deep pool of liquidity, which has proven critical to the health of the AMMs.

Read more: https://elrond.com/blog/maiar-exchange-mex-tokenomics/

[NotHatinJustTrollin]

Calling all $EGLD holders!
 
You can now see how much MEX you will be able to claim, based on the Week 1 & 2 snapshots - the others will follow.
 
Reminder: the first 4 weekly snapshots are super valuable and earn you more MEX. We’re now in Week 3.
 
maiar.exchange

https://twitter.com/elrondnetwork/status/1390623099087998976?s=21

[Unsoldier]

Accelerating Elrond Network data availability via Bware Labs.



Bware Labs will operate Elrond infrastructure to provide fast access to the Elrond mainnet data via real-time APIs, and also joins as a Staking Provider.

Read more: https://elrond.com/blog/accelerating-elrond-data-availability-bware-labs/

[Unsoldier]

DeFi Shopping App Curate To Integrate eGold Payments And Mint NFTs On Elrond

The collaboration will focus on enabling eGold payments in the platform. The app will also allow NFTs to be minted on the Elrond blockchain. Furthermore, our mainnet will be interoperable with Curate’s own PoS blockchain X-Chain, which will allow assets to flow between the two networks.

More information: https://elrond.com/blog/elrond-payments-nft-curate/

[argakiig]

The @ElrondNetwork protocol & tools are created so any developers with Rust/C/C++/JS/etc can integrate blockchain functionality into their applications’ tech stack.
No new SC language means fewer obstacles, more devs & resources.
All building on Elrond.



The Governance Smart Contract has been updated to make it easy for delegators & validators to vote proportionally with their staked $EGLD amounts. Added the possibility to vote with not staked $EGLD, locking it for the duration of the vote.

The NFT marketplace has been updated with additional information about the top bidder & bid value. Elasticsearch has been updated to get the full NFT history, automating the process of building an NFT’s provenance.

Released elrond-wasm 0.17.0, which contains:
- ability to create integration tests based on arwen-mandos
- send API refactor
- payment_nonce annotated arguments

Other notable achievements:
- Development branch update, finalized fixes that could have triggered out-of-memory exceptions
- 3 testnet upgrades that prove the v1.1.59 is the mainnet RC version & is working as designed

Fixed a delegation manager broken functionality for staking phase 3.5
- Refactoring & improving the state package
- finished code coverage on Arwen
- created Bonding Curve SC
- Changed the elliptic curve type to being treated as bigInt type is, in Arwen & elrond-wasm

Moved the bigInt context to one bigger new created managedTypes context that also contains the elliptic curves + further minor improvements & little testing in Arwen
- Updates on Elrond-Ethereum bridge smart contracts

Stablecoin smart contracts updates, testing + added another component (SC for locking stablecoins & receiving rewards)
- Rust framework: Using the built-in TokenIdentifier wherever possible + cleaning up some of the functions in SendAPI

Improved distribution of reward calculation from DEX Farm Contract
- Made changes to DEX & Distribution SCs so that we'll have no payable contract in order to nullify the risk that a user accidentally just sends tokens to the SCs

Read more: https://twitter.com/mihaiiuga3/status/1399003274355908610

[argakiig]

Road To Decentralization: MGStaking, ProCrypto, And Titan Stake Join Elrond As Staking Providers

The start of Elrond Staking Phase 3  has been a tremendous success. The increase in capacity resulted in 63% of the eGold circulating supply being locked for staking and outstanding demand still exists.

As a result, all our official staking partners have seen their capacity filling up quickly. Several new providers have risen to the challenge and have set up their staking pools using the Delegation Manager.

Today we are happy to announce that three of the new players are now officially joining the Elrond ecosystem as staking providers - welcome MGStaking, ProCrypto, and Titan Stake!

Road to decentralization: three new staking providers will help secure the @ElrondNetwork and bootstrap our PoS economy.

[NotHatinJustTrollin]

The @ElrondNetwork is built by a hardcore team of entrepreneurs, engineers and researchers who can literally build rockets.
 
Here’s a great example of resourcefulness.
 
Sebastian @Oxsy_Sibiu is an Elrond core dev and *Three times ⚽ @robocup_org medalist*. 👇



RoboCup is a competition between humans who program software entities to act together & quickly adapt in an adversarial environment.
 
It’s no surprise that the Elrond consensus mechanism that Sebastian has helped develop is one of the most robust in the blockchain space.

His AI virtual football team is challenging the world's best for the 17th time in a row in #RoboCup2021 ⚽
 
In a battle of AI & team strategy, independently moving software athletes play soccer on a virtual field.



With an excellent standing of 9/2/1/ W/D/L his team is a podium contender & our clear favorite!
 
He sailed through the qualifying rounds, the best 8 in the world remain. Will he win?
 
Tune in to watch Oxsy live
 
⏰ Saturday June 26 (today) 8:00 UTC

[NotHatinJustTrollin]

Maiar DEX progress. Another step forward.

Last week, we released several app iterations, with the first round of early feedback from Elrond community leads.

UX has been improving a lot, with new layouts and dark mode implemented. 🔥




We've fixed several bugs, and received great feedback suggestions.

Over the weekend, another round of testing will be coming in.

With known bugs fixed, & most improvements implemented, on Wed evening we intend to go through the 3rd testing wave w/ some great community leads.

In short, next week will be an even more heavy testing week.

So, hyperfocus on heavy testing, bug fixes, and improvements.

Next update on the Maiar DEX will come during the next weekend.

Once this testing phase has been finalized, the great Battle of Yields begins!

[argakiig]

The Maiar Exchange will offer deep liquidity for projects building with our tech & instant global access for their communities.

Audits, tests & improvements are currently fortifying the hypergrowth engine of the @ElrondNetwork prior to its launch.



As the Maiar audits & testing continue, we keep adding new functionalities as well. We implemented a smart contract for flash-minting tokens & made all the smart contracts more customizable. Other new features in development.

We are close to finalizing our own implementation of the Elrond-Ethereum bridge: ERC20, ERC721, ERC1155 bi-directional transfers will enable liquidity to flow between the two chains. Improvements, fixes, fuzzer, components sync & audits.

Soft Restart is now on the public testnet! The ability of a validator to gracefully shuffle between shards without requiring to be "hard restarted" is important for smoother network operation overall.

Other notable achievements:
- Final fixes & tests carried on the feature that allows the node to synchronize large trie nodes
- Added test scenario for the in-process trie sync if the node's DB got corrupted
- Endless reviews & bughunt/bugfix sessions
- Refactored the old databases deletion mechanism to avoid any edge cases or delays that might appear when shuffling out
- Added additional fields in API responses for addresses & hyperblocks
- Add sorting on auction & orders in nft service
- Refactored integration project on Ledger
- PR in order to support Elrond in Ledger Live
- Script to check flags on startup for internal testnets
- Ansible wrapper for deploying scripts on internal testnets & automatic flag checks
- Tested Kubernetes autoscaling on devnet
- erdjs: getting the balances for ESDT tokens, balance builder improvements
- Add trading information on maiar exchange microservice for swap pools
- Small fixes for Maiar Exchange microservice
- Finish the implementation on the API route /transaction/cost, in order to can compute the cost of complex transactions
- Created the factory needed to integrate event-notifier with elrond-go
- Bug hunt & bugfix for the trie improvements
- Added Github action for elrond-config-testnet, elrond-config-mainnet & elrond-config-devnet repositories that will push on Dockerhub docker images on every release
- Added documentation on how to use the new docker images
- Finished websocket & graphql event dispatchers & the subscriptions hub
- Added a new index in the Elasticsearch database that will keep a list of all the NFT's/ SFT's tags. This new list will also contain the number of NFTs/ SFTs with a given tag
- Added Github action for elrond-config-testnet, elrond-config-mainnet & elrond-config-devnet repositories that will push on Dockerhub docker images on every release
- Improved trie traversing for snapshots & checkpoints
- System test & branch testing
- Testing Delegation smart contract upgrade
- System test output script improvements.
- Implemented proxy provider for erdcpp, which can: query account info, send transactions & query transaction status
- Implemented message signature verifier, which can verify a signed message by seed, public key, or public address
- PolyNetwork relayer worked on receive events & send to smart contracts
- Update PolyNetwork dependencies & fix compatibility issues
- vm-common: moved elrond-go code to a new repository in order to enhance development on multiple projects
- Refactoring elrond-go to make it easier to integrate different components in different projects
- New vm-common integration is done in Arwen, indexer & elrond-go as well
- Documentation of the elrond-wasm serialization format, annotations & APIs
- More fuzzing of Arwen's SC-to-SC interactions: nested calls of different types
- Finished implementation of Bonding Curve SC, started Mandos tests
- Lend micro-service lending pool implementation
- Lend micro-service unit testing
"Stay Hungry Stay Foolish" & tune in soon for more of the #Elrondtech which powers the @ElrondNetwork ecosystem. Check our progress & get involved

https://github.com/ElrondNetwork
https://twitter.com/Oxsy_Sibiu/status/1409115051131387906

[NotHatinJustTrollin]

Web Games And Apps Powered By eGold And Elrond Tokens On The Saito P2P Decentralized Network



We have started a collaboration with Saito to empower developers to use eGold and other tokens issued on the Elrond Network in web applications and games running on the Saito decentralized peer-to-peer network.

Saito is an open network that runs cryptocurrency applications in browsers without plugins, private APIs, and non-open infrastructure.

Our collaboration will focus on making the two networks interoperable, so that Saito developers and users can add eGold and Elrond ESDT tokens as the currency fueling their applications and games, such as the ones already available for testing with the Saito Arcade.

Read more: https://elrond.com/blog/egold-esdt-powered-web-apps-saito/

[BitMaver]

EGLD Is Now Available On The Licensed And Regulated EU Exchange Kriptomat

EGLD can now be purchased on Kriptomat. The exchange is licensed and regulated in the EU and allows one-time or recurrent buys. Payment methods include funding via SEPA bank transfers or direct purchases with credit cards or digital solutions such as Sofort, Skrill, and Neteller.

https://elrond.com/blog/egld-eu-licensed-regulated-exchange-kriptomat

[BitMaver]

Compliant Tokenization Of Real Estate, Equity, Securities, And Other Assets On The Elrond Blockchain Via Stobox

Elrond has started a collaboration with Stobox, a technology company that is part of a new wave of digital services, offering their customers technology and consultancy for digital assets and tokenized security, while being 100% tokenized themselves.

Read more here

[christoschristoforou]

"It’s time to build. Introducing the Innovations Of The Elrond Architecture And Our Developer Toolkit".

Everything mankind has achieved was through building.

Cities. Roads. Hospitals. Engines. Power plants. Industries. Institutions. The internet.

Financial systems enabling them to operate and grow.

Elrond is the next big thing.

[Iced]

The Maiar Exchange is about to launch.
Claim MEX on November 07, add liquidity on November 16 and farm MEX on November 19.

https://maiar.exchange/