Modularization of DeFi Functions

Popüler Altcoinde Yükseliş Yatırımcıların İlgisini Çekti! Token’da Kritik Seviye! The cryptocurrency markets experienced a significant decline last week. Toncoin (TON) resisted the market downturn. The recovery of Toncoin, supported by increasing transaction volume, could indicate a growth of 1276% in TVL. Crypto markets experienced a significant decline last week. With the prevailing downward trend, the total market value decreased by 3.6% and there was a 27% decrease in trading volume compared to the previous week. However, TON, the native cryptocurrency of the Toncoin network, showed significant resistance against the market pullback and experts believe that it may reach new highs this week. TON's Analytical Reports Bitcoin, while echoing at levels of around $65,000 and $60,000, most major altcoins have witnessed increased volatility in the past two weeks. However, during the same period, the price of Toncoin increased by 60% from $4.6 to $7.3, indicating a sustainable growth supported by the increasing volume. The ongoing rally in Toncoin is attributed to a significant increase in the total locked value (TVL) as reported by DeFiLlama, a chain analytics aggregator. Toncoin's TVL, which stood at $18.8 million at the end of February, has increased to $258.6 million, which could mean a significant growth of approximately 1276%. This striking percentage increase in TVL may indicate an increased trust and interest in the Toncoin ecosystem, possibly due to more funds being staked or locked in their protocols. With continuous buying, it is likely that the TON price will break the all-time high resistance of $7.67. Potential breakouts can accelerate buying and provide suitable support for buyers to lead to a higher rise. This breakout could push Toncoin into price discovery mode, and a traditional pivot level can be used to predict potential resistance levels. Critical Level in TON The support/resistance indicator on the daily chart may indicate that the immediate supply ceiling is $8.8 and then $10. While the crypto markets experienced a general decline, Toncoin showed a significant increase and its price rose from $4.6 to $7.3. Toncoin's recovery, supported by increasing trading volume, indicates a growth of 1276% in locked total value, and it is expected to break the all-time high resistance level of $7.67. #Are we still in the bull market?# #ContentStar##Gate post Highlights# #HotTopicDiscussion##BountyCreator# #GateLive##NewsMessenger#

Veteran Analyst Announces Two Price Levels That Could Take Bitcoin to New Record and $52,000 Crypto monetary analyst Michaël van de Poppe shared his Bitcoin and general market assessment in his statement. According to the analyst, critical decisions await Bitcoin in the coming period. Van de Poppe said that the $60,500 to $61,000 threshold for the BTC price is still holding up, while breaching $63,000 means removing the next hurdle to reach the all-time high. However, the analyst stated that if the $60,500 support level is broken, he sees $52,000 to $55,000 as the next support zone. Referring to the altcoin market, the analyst claimed that many altcoins have formed double bottoms and the probability of a rally has greatly increased. He said that market sentiment is low as people expect the downside momentum to continue. In addition, assessing Bitcoin dominance, van de Poppe claimed that this metric has probably seen its peak. At the time of writing, BTC dominance stands at 55.28%. According to the analyst, the Ethereum ETF decision, which will be announced next week, could be a big positive trigger for the markets. The analyst said that this time he expects the needle to turn on the altcoin side. #ContentStar##Gate post Highlights# #HotTopicDiscussion##BountyCreator# #GateLive##NewsMessenger# #Are we still in the bull market?# #What's your ETH price prediction upon the ETF decision?#

DOG· GO· TO· THE· MOON (aka DOG), a memecoin Bitcoin engraved through the newly launched Runes protocol, was airdropped to the Runestone Ordinals project hodler on Wednesday, instantly making the rookie the most widely held Runes token with nearly 74,000 hodlers to date. Source:

vDOT and Rapid Peg Recovery Capability in Market Volatility: The Story Behind Stability In the volatile world of crypto, even collateralized assets like liquid staking token (LST) cannot escape short-term peg losses when the market becomes chaotic. 1. The Fundamental Value of vDOT vDOT is a token that represents DOT that has been staked through Bifrost. When users stake DOT, they receive vDOT – a token that earns profits from staking while maintaining liquidity. The important point is that 1 vDOT usually has a higher value than 1 DOT, as it includes both the principal and the accumulated staking rewards. Additionally, vDOT can be widely used in DeFi as collateral, participating in liquidity pools, or trading on DEX, which enhances its practical value. 2. Why Did vDOT Lose Its Peg? There are two ways for users to exit their vDOT holdings: Redeem (Withdraw directly through Bifrost): Users submit a redeem request and receive DOT at a 1:1 ratio plus accumulated rewards. This process is not affected by market price fluctuations but has a waiting period – it can take up to 28 days if there are no new stakes. Swap: Users can instantly swap vDOT for DOT on DEXs like Bifrost's StableSwap or Hydration. However, this method depends on liquidity and the AMM pricing model. In adverse market conditions, significant selling pressure can deplete liquidity and lead to a temporary loss of peg. A typical example is on May 17, 2024, when a compromised wallet dumped about 222,000 vDOT (~1 million USD) on StableSwap, causing the vDOT/DOT exchange rate to plummet in a short time. 3. How to Quickly Recover vDOT Peg? ✅ Natural Arbitrage in the Market When vDOT is trading in the market at a lower price than its inherent redeem price, arbitrageurs immediately jump in to buy vDOT at a discount and redeem it for DOT, earning nearly risk-free profits. Others take advantage of lending platforms like Interlay to implement a delta-neutral strategy, buying vDOT while hedging their price position. As a result, the buy orders surged, liquidity was absorbed back, and the vDOT exchange rate quickly recovered to near its intrinsic value. ✅ Redemption Cap (Redemption Cap) The Bifrost system sets a redeem limit for each Era (~24h). When the redeem volume exceeds this threshold, the protocol will temporarily suspend new requests. This prevents liquidity from being depleted in a short time, avoiding additional pressure on the Polkadot main chain and keeping the system operating stably. 4. Mechanisms to Help vDOT Stabilize During Volatility vDOT maintains its peg thanks to the coordination of many factors: - Clear intrinsic value: Backed by DOT stake and accompanying rewards. - Safe exit (Redeem): Not dependent on market price, always ensures real value. - Automated arbitrage mechanism: Take advantage of imbalances to rebalance the peg. - Redemption cap protects the system: Prevents abuse and keeps the unbonding process from being overwhelmed. - Efficient liquidity management: StableSwap maintains a good balancing role even when faced with slippage. The reality shows that during the event on May 17, 2024, the system responded exactly as designed. Arbitrageurs quickly took action, demonstrating strong confidence in Bifrost. At the same time, the Bifrost team also acted promptly to protect the affected users. 5. Summary: Safety, Liquidity, and Profitability – vDOT is Excelling in All Three If you are a DeFi user looking for staking yield on DOT while still needing liquidity, vDOT is a solution worth considering. With an ever-expanding ecosystem and a proactive management team, vDOT is asserting its position as a solid LST in the Polkadot ecosystem – ready to withstand and recover even in the most chaotic times of the market.

In a recent interview, Ledger's CTO - Charles Guillemet shared his journey of changing his mindset, from initial skepticism to high appreciation of the potential of Bitcoin. He predicts a future where Bitcoin is not just a simple digital currency, but also serves as