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SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 22 of 26. VI. CONSENSYS ALSO ACTS AS A BROKER WITH RESPECT TO THE LIDO AND ROCKET POOL INVESTMENT CONTRACTS. 324. Through its MetaMask Staking program, Consensys also acts as a broker by effecting transactions in the Lido and Rocket Pool investment contracts for the account of others. 325. As alleged above, Consensys solicits potential investors, holds itself out as a place to buy and sell the investment contracts, and recommends which of the two investment contracts will offer the highest rewards. 326. Consensys then effects the transaction on the investor’s behalf. 327. Specifically, as noted, Consensys through the MetaMask Staking software handles the investor’s assets by removing the investor’s ETH from the investor’s MetaMask wallet and transferring it to the MM Staking Router Smart Contract, which, in turn, transfers it to the Lido or Rocket Pool proxy smart contract. 328. Finally, Consensys’s software, transfers the acquired token—stETH or rETH—into the investor’s MetaMask Wallet. Continue Reading Here. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 22 of 26. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part in this filing here . This part is 22 of 26. HackerNoon’s Legal PDF Series here VI. CONSENSYS ALSO ACTS AS A BROKER WITH RESPECT TO THE LIDO AND ROCKET POOL INVESTMENT CONTRACTS. 324. Through its MetaMask Staking program, Consensys also acts as a broker by effecting transactions in the Lido and Rocket Pool investment contracts for the account of others. 325. As alleged above, Consensys solicits potential investors, holds itself out as a place to buy and sell the investment contracts, and recommends which of the two investment contracts will offer the highest rewards. 326. Consensys then effects the transaction on the investor’s behalf. 327. Specifically, as noted, Consensys through the MetaMask Staking software handles the investor’s assets by removing the investor’s ETH from the investor’s MetaMask wallet and transferring it to the MM Staking Router Smart Contract, which, in turn, transfers it to the Lido or Rocket Pool proxy smart contract. 328. Finally, Consensys’s software, transfers the acquired token—stETH or rETH—into the investor’s MetaMask Wallet. Continue Reading Here. Continue Reading Here . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener.com

SEC Targets Consensys for Brokerage Activities in Lido and Rocket Pool Investments

SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 24 of 26. SECOND CLAIM FOR RELIEF - Violations of Securities Act Sections 5(a) and 5(c) 332. The Commission re-alleges and incorporates by reference here the allegations in paragraphs 1 through 331. 333. By virtue of the foregoing, Consensys, through its offers and sales of the Lido and Rocket Pool staking program investment contracts, directly and indirectly: (a) without a registration statement in effect as to those securities, (1) made use of means or instruments of transportation or communication in interstate commerce or of the mails to sell securities through the use or medium of any prospectus or otherwise, and (2) carried or caused to be carried through the mails or in interstate commerce, by any means or instruments of transportation, securities for the purpose of sale or for delivery after sale; and (b) made use of means or instruments of transportation or communication in interstate commerce or of the mails to offer to sell or offer to buy, through the use or medium of a prospectus or otherwise, securities as to which no registration statement had been filed. 334. By reason of the conduct described above, Consensys violated, is violating, and, unless enjoined, will continue to violate Securities Act Sections 5(a) and 5(c) [15 U.S.C. §§ 77e(a) and 77e(c)]. Continue Reading Here. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 24 of 26. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part in this filing here . This part is 24 of 26. HackerNoon’s Legal PDF Series here SECOND CLAIM FOR RELIEF - Violations of Securities Act Sections 5(a) and 5(c) 332. The Commission re-alleges and incorporates by reference here the allegations in paragraphs 1 through 331. 333. By virtue of the foregoing, Consensys, through its offers and sales of the Lido and Rocket Pool staking program investment contracts, directly and indirectly: (a) without a registration statement in effect as to those securities, (1) made use of means or instruments of transportation or communication in interstate commerce or of the mails to sell securities through the use or medium of any prospectus or otherwise, and (2) carried or caused to be carried through the mails or in interstate commerce, by any means or instruments of transportation, securities for the purpose of sale or for delivery after sale; and (b) made use of means or instruments of transportation or communication in interstate commerce or of the mails to offer to sell or offer to buy, through the use or medium of a prospectus or otherwise, securities as to which no registration statement had been filed. 334. By reason of the conduct described above, Consensys violated, is violating, and, unless enjoined, will continue to violate Securities Act Sections 5(a) and 5(c) [15 U.S.C. §§ 77e(a) and 77e(c)]. Continue Reading Here. Continue Reading Here . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener.com

Consensys in Regulatory Crosshairs Over Lido and Rocket Pool Investment Contract Sales

SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 20 of 26. C. Consensys—through MetaMask Staking—Offers and Sells the Lido and Rocket Pool Investment Contracts. i. Through MetaMask Staking, Consensys Promotes, Offers, and Sells the Lido and Rocket Pool Investment Contracts To Its Users. 286. On January 13, 2023, Consensys publicly announced the release of a program called MetaMask Staking. 287. Consensys created MetaMask Staking to offer and sell the Lido and Rocket Pool staking program investment contracts to investors. 288. The January 13 announcement stated: “MetaMask Staking allows you to engage in liquid staking with two prominent providers, Lido and Rocket Pool, where by you can deposit your ETH and receive a token representing the value of your stake in return.” 289. It called MetaMask Staking “an easy and convenient way to stake ETH.” 290. On January 13, 2023, Consensys posted on the MetaMask Twitter account: “We are extremely happy to announce that you can now stake ETH with Lido or Rocket Pool through the [MetaMask] Portfolio Dapp.” This post included an image advertising “5.22% rewards” with Lido and “4.59% rewards” with Rocket Pool—highlighting the former as the “Highest rewards.” 291. On May 16, 2023, Consensys posted on the MetaMask Twitter account: “[U]sers can now stake and withdraw ETH directly from our liquid staking providers, Rocket Pool and Lido.” And “Get started here,” pointing to a link to the MetaMask portfolio website. 292. In promotional materials, Consensys claimed that MetaMask Staking would make it easier for individual holders of ETH to participate in staking. 293. Specifically, in its January 13, 2023, announcement on its website, Consensys stated: “[S]taking can be a convoluted and complicated process for end-users. MetaMask Staking will offer an easy-to-understand and trusted entry point for users interested in staking. Through this new feature, users can compare the rewards rate, network control, and popularity of different liquid staking providers and choose the one they want to stake with.” ii. Consensys’s MetaMask Staking User Interface. 294. To use MetaMask Staking, investors must have ETH in their MetaMask Wallet. 295. First, from the browser extension or mobile app, the investor clicks on “Stake,” or “Staking.” They are then taken to the MetaMask Portfolio site, where they can then choose “ETH.” 296. At this point, Consensys’s graphical interface presents the investor with two options: Lido and Rocket Pool. 298. If either Lido or Rocket Pool is at or near capacity, Consensys’s MetaMask Staking software disables the ability to stake with that program. 299. In any event, an investor can choose either the Lido or Rocket Pool staking program by clicking “Stake.” 300. On the following screen, an investor can input the number of ETH that they would like to invest in one of the staking program investment contracts and click “review.” 301. At that point, Consensys’s MetaMask Staking software shows the investor a screen with the number of the staking pool tokens they will receive in return, their “estimated rewards,” and the “estimated gas fee.” 302. If the investor wishes to proceed with their request to invest in the staking program investment contract, the investor clicks “confirm.” 303. If MetaMask Staking successfully completes the transaction, the investor will see a screen that says, “Transaction Complete.” iii. Consensys Offers and Sells the Lido and Rocket Pool Investment Contracts To Investors. 304. Accordingly, Consensys offers and sells the Lido and Rocket Pool investment contracts to investors through the MetaMask Staking platform. 305. Consensys makes this process appear simple and easy to non-technical investors, while performing the technical series of actions necessary to transfer the investor’s ETH to Lido or Rocket Pool and transfer stETH or rETH to the investor in return. 306. When the investor clicks “confirm,” this signals the MetaMask Staking software to take the steps necessary to exchange the investor’s ETH for rETH or stETH. Specifically, Consensys has programed MetaMask Staking software to take the steps described below. 307. First, Consensys’s MetaMask Staking software reads the private key associated with the ETH in the investor’s MetaMask Wallet. 308. Second, using this key, the software creates a blockchain transaction and transfers the investor’s ETH from the investor’s MetaMask Wallet into a smart contract called the MetaMask Staking Aggregator Router Smart Contract (the “MM Staking Router Smart Contract”). 309. The MM Staking Router Smart Contract has its own Ethereum blockchain address. 310. The investor has no control over the MM Staking Router Smart Contract. 311. The MM Staking Router Smart Contract address temporarily holds the investor’s ETH. 312. Although Consensys has programmed its MetaMask Staking software so that Consensys can take a fee for each transaction, Consensys currently sets the fee variable at zero (i.e., it does not take a fee at this time). 313. Consensys could, however, change the software at any time to assess a fee, in which case the amount of the fee would be diverted from the MM Staking Router Smart Contract into a blockchain address designated by Consensys. 314. Third, Consensys’s software transfers the investor’s ETH from the MM Staking Router Smart Contract to the Lido or Rocket Pool Proxy smart contract (deployed by Lido and Rocket Pool, respectively). 315. These Proxy smart contracts mint stETH or rETH, respectively, upon receiving a deposit of ETH, and, if the MM Staking Router Smart Contract sends ETH to the Proxy smart contracts, the Proxy smart contracts will transfer newly minted stETH or rETH, respectively, to the MM Staking Router Smart Contract. 316. Fourth, the MM Staking Router Smart Contract transfers the stETH or rETH, as the case may be, to the investor’s MetaMask Wallet. 317. As of March 11, 2024, investors had invested 100,252 ETH in the Lido staking program through MetaMask Staking and 8,375 ETH in the Rocket Pool staking program through MetaMask Staking. 318. As of March 11, 2024, Consensys, through MetaMask Staking, offered and sold the Lido staking program to 32,449 unique blockchain addresses and offered and sold the Rocket Pool staking programs to 2,215 unique blockchain addresses. 319. For its part, Lido embraced MetaMask Staking as a platform through which its staking program would be offered and sold. 320. On January 17, 2023, Lido announced on its blog that “Ethereum staking with Lido is now live on MetaMask! Stake your ETH on MetaMask to earn yield and secure the Ethereum network from the comfort of your wallet.” 321. Moreover, a former Lido employee testified that “in terms of a distribution channel [Consensys’s MetaMask was] a very highly valued target.” 322. Accordingly, by the conduct described above, Consensys offered and sold, and continues to offer and sell, investment contracts for Lido and Rocket Pool, participating directly in the distribution of securities from the issuers—Lido and Rocket Pool—to the investor. Continue Reading Here. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 20 of 26. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part in this filing here . This part is 20 of 26. HackerNoon’s Legal PDF Series here C. Consensys—through MetaMask Staking—Offers and Sells the Lido and Rocket Pool Investment Contracts. i. Through MetaMask Staking, Consensys Promotes, Offers, and Sells the Lido and Rocket Pool Investment Contracts To Its Users. i. Through MetaMask Staking, Consensys Promotes, Offers, and Sells the Lido and Rocket Pool Investment Contracts To Its Users. 286. On January 13, 2023, Consensys publicly announced the release of a program called MetaMask Staking. 287. Consensys created MetaMask Staking to offer and sell the Lido and Rocket Pool staking program investment contracts to investors. 288. The January 13 announcement stated: “MetaMask Staking allows you to engage in liquid staking with two prominent providers, Lido and Rocket Pool, where by you can deposit your ETH and receive a token representing the value of your stake in return.” 289. It called MetaMask Staking “an easy and convenient way to stake ETH.” 290. On January 13, 2023, Consensys posted on the MetaMask Twitter account: “We are extremely happy to announce that you can now stake ETH with Lido or Rocket Pool through the [MetaMask] Portfolio Dapp.” This post included an image advertising “5.22% rewards” with Lido and “4.59% rewards” with Rocket Pool—highlighting the former as the “Highest rewards.” 291. On May 16, 2023, Consensys posted on the MetaMask Twitter account: “[U]sers can now stake and withdraw ETH directly from our liquid staking providers, Rocket Pool and Lido.” And “Get started here,” pointing to a link to the MetaMask portfolio website. 292. In promotional materials, Consensys claimed that MetaMask Staking would make it easier for individual holders of ETH to participate in staking. 293. Specifically, in its January 13, 2023, announcement on its website, Consensys stated: “[S]taking can be a convoluted and complicated process for end-users. MetaMask Staking will offer an easy-to-understand and trusted entry point for users interested in staking. Through this new feature, users can compare the rewards rate, network control, and popularity of different liquid staking providers and choose the one they want to stake with.” ii. Consensys’s MetaMask Staking User Interface. ii. Consensys’s MetaMask Staking User Interface. 294. To use MetaMask Staking, investors must have ETH in their MetaMask Wallet. 295. First, from the browser extension or mobile app, the investor clicks on “Stake,” or “Staking.” They are then taken to the MetaMask Portfolio site, where they can then choose “ETH.” 296. At this point, Consensys’s graphical interface presents the investor with two options: Lido and Rocket Pool. 298. If either Lido or Rocket Pool is at or near capacity, Consensys’s MetaMask Staking software disables the ability to stake with that program. 299. In any event, an investor can choose either the Lido or Rocket Pool staking program by clicking “Stake.” 300. On the following screen, an investor can input the number of ETH that they would like to invest in one of the staking program investment contracts and click “review.” 301. At that point, Consensys’s MetaMask Staking software shows the investor a screen with the number of the staking pool tokens they will receive in return, their “estimated rewards,” and the “estimated gas fee.” 302. If the investor wishes to proceed with their request to invest in the staking program investment contract, the investor clicks “confirm.” 303. If MetaMask Staking successfully completes the transaction, the investor will see a screen that says, “Transaction Complete.” iii. Consensys Offers and Sells the Lido and Rocket Pool Investment Contracts To Investors. iii. Consensys Offers and Sells the Lido and Rocket Pool Investment Contracts To Investors. 304. Accordingly, Consensys offers and sells the Lido and Rocket Pool investment contracts to investors through the MetaMask Staking platform. 305. Consensys makes this process appear simple and easy to non-technical investors, while performing the technical series of actions necessary to transfer the investor’s ETH to Lido or Rocket Pool and transfer stETH or rETH to the investor in return. 306. When the investor clicks “confirm,” this signals the MetaMask Staking software to take the steps necessary to exchange the investor’s ETH for rETH or stETH. Specifically, Consensys has programed MetaMask Staking software to take the steps described below. 307. First, Consensys’s MetaMask Staking software reads the private key associated with the ETH in the investor’s MetaMask Wallet. 308. Second, using this key, the software creates a blockchain transaction and transfers the investor’s ETH from the investor’s MetaMask Wallet into a smart contract called the MetaMask Staking Aggregator Router Smart Contract (the “MM Staking Router Smart Contract”). 309. The MM Staking Router Smart Contract has its own Ethereum blockchain address. 310. The investor has no control over the MM Staking Router Smart Contract. 311. The MM Staking Router Smart Contract address temporarily holds the investor’s ETH. 312. Although Consensys has programmed its MetaMask Staking software so that Consensys can take a fee for each transaction, Consensys currently sets the fee variable at zero (i.e., it does not take a fee at this time). 313. Consensys could, however, change the software at any time to assess a fee, in which case the amount of the fee would be diverted from the MM Staking Router Smart Contract into a blockchain address designated by Consensys. 314. Third, Consensys’s software transfers the investor’s ETH from the MM Staking Router Smart Contract to the Lido or Rocket Pool Proxy smart contract (deployed by Lido and Rocket Pool, respectively). 315. These Proxy smart contracts mint stETH or rETH, respectively, upon receiving a deposit of ETH, and, if the MM Staking Router Smart Contract sends ETH to the Proxy smart contracts, the Proxy smart contracts will transfer newly minted stETH or rETH, respectively, to the MM Staking Router Smart Contract. 316. Fourth, the MM Staking Router Smart Contract transfers the stETH or rETH, as the case may be, to the investor’s MetaMask Wallet. 317. As of March 11, 2024, investors had invested 100,252 ETH in the Lido staking program through MetaMask Staking and 8,375 ETH in the Rocket Pool staking program through MetaMask Staking. 318. As of March 11, 2024, Consensys, through MetaMask Staking, offered and sold the Lido staking program to 32,449 unique blockchain addresses and offered and sold the Rocket Pool staking programs to 2,215 unique blockchain addresses. 319. For its part, Lido embraced MetaMask Staking as a platform through which its staking program would be offered and sold. 320. On January 17, 2023, Lido announced on its blog that “Ethereum staking with Lido is now live on MetaMask! Stake your ETH on MetaMask to earn yield and secure the Ethereum network from the comfort of your wallet.” 321. Moreover, a former Lido employee testified that “in terms of a distribution channel [Consensys’s MetaMask was] a very highly valued target.” 322. Accordingly, by the conduct described above, Consensys offered and sold, and continues to offer and sell, investment contracts for Lido and Rocket Pool, participating directly in the distribution of securities from the issuers—Lido and Rocket Pool—to the investor. Continue Reading Here. Continue Reading Here . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener.com

MetaMask Staking Faces SEC Scrutiny Over Lido and Rocket Pool Offerings

মেটামাস্ক স্টেকিং লিডো এবং রকেট পুল অফারগুলির উপর এসইসি স্ক্রুটিনির মুখোমুখি হয়

MetaMask Staking steht wegen Lido- und Rocket Pool-Angeboten unter Beobachtung der SEC

MetaMask Stake se enfrenta al escrutinio de la SEC por las ofertas de Lido y Rocket Pool

MetaMask Staking fait l'objet d'un examen minutieux par la SEC sur les offres de Lido et de Rocket Pool

मेटामास्क स्टेकिंग को लीडो और रॉकेट पूल ऑफरिंग पर SEC जांच का सामना करना पड़ रहा है

MetaMask ステーキング、Lido および Rocket Pool の提供に関して SEC の監視に直面

MetaMask 스테이킹, Lido 및 로켓 풀 제공에 대한 SEC 조사에 직면

MetaMask Staking enfrenta escrutínio da SEC sobre ofertas de Lido e Rocket Pool

Стейкинг MetaMask подвергается проверке SEC в отношении предложений Lido и Rocket Pool

MetaMask Staking, Lido ve Roket Havuzu Teklifleri Üzerinden SEC İncelemesiyle Karşı Karşıya

MetaMask Stake phải đối mặt với sự giám sát của SEC đối với các dịch vụ Lido và Rocket Pool

MetaMask Staking 因 Lido 和 Rocket Pool 发行面临美国证券交易委员会的审查

SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 19 of 26. B. Liquid Staking Pool Providers: Lido and Rocket Pool 238. Lido and Rocket Pool have each created and maintained respective staking programs, designed to capture the staking rewards described above. 239. Lido and Rocket Pool each call their program a “liquid staking” program because— as described below—investors are issued a tradable token in exchange for depositing funds into the program. This token represents the investor’s interest in the program. The token issued in exchange is referred to as a “liquid staking token” or “LST” and the LST can be traded on the secondary market. 240. In Lido, the LST is called stETH; in Rocket Pool, the LST is called rETH. 241. The amount of LST an investor receives is proportional to the amount of ETH they deposit. 242. These staking programs allow investors to both obtain the rewards of staking and also purportedly retain the ability to redeem the value of their investment at any time. i. The Lido Staking Program Is An Investment Contract. 243. Lido launched its liquid staking platform in December 2020. 244. To participate, investors deposit ETH with Lido. 245. In return, Lido issues the investor another crypto asset, “stETH,” representing the investor’s pro rata interest in Lido’s staking program, including the investor’s original deposit of ETH plus any accumulated returns. 246. Lido then uses investors’ deposited ETH in the Ethereum consensus mechanism to earn staking rewards—the financial returns for investors. 247. Specifically, Lido pools the ETH deposited by investors into a Lido smart contract, which initiates the creation of a validator by depositing a 32 ETH bundle to the Ethereum validator deposit contract. 248. As of June 25, 2024, over 28% of all staked ETH on Ethereum is staked in Lido’s staking program. 249. Lido takes, as a fee, 10% of the staking rewards earned. 250. The remaining rewards are accrued, pro rata, by stETH token holders. 251. Lido markets its staking program as an investment opportunity. 252. Lido also leads investors to reasonably expect that investors’ profits will come from Lido’s efforts. 253. According to Lido’s website, from December 2020 to February 2024, Lido’s staking program returned an annualized percentage gain of 3% to 9%. 254. In a blog post dated December 28, 2020, Lido stated: “Lido allows users to stake any amount of ETH – without the need to maintain complex infrastructure.” 255. From at least June 2021 to June 2024, in a “Help” article on its website, Lido stated that staking “requires expert knowledge and complex and costly infrastructure” and that through Lido “users can eliminate these inconveniences.” 256. Lido claimed in an October 2020 document posted to its website that it is “more profitable” than other staking pool providers because of its fee model and the quality of its node operators. 257. From at least February 2023 to June 2024, another “Help” article on Lido’s website claims to allocate investors’ staked ETH across multiple, high-quality validator node operators (that is, participants in the Ethereum network consensus mechanism), minimizing the risks associated with staking ETH. 258. In the same Help article, Lido states that it elects “professional and reputable node operators” and that the penalty and slashing risks are reduced “given the quality of the Lido validator set and its proven track record.” 259. In short, Lido purportedly offers investors a “simplified participation in staking”— deploying its resources and expertise to achieve staking rewards that individual investors typically would not be able to achieve on their own. 260. The holder of any stETH—whether issued directly from Lido or purchased in the secondary market—has the right to deliver the stETH to Lido to get back the pro-rata staked ETH plus accrued rewards. 261. Lido treats all investors’ deposited ETH as fungible. It does not purport to segregate investor funds. 262. In light of the above, Lido offered and sold its staking program as an investment contract. ii. The Rocket Pool Staking Program Is An Investment Contract 263. Rocket Pool launched its platform in October 2021. 264. To participate, investors deposit ETH with Rocket Pool. 265. In return, Rocket Pool issues another crypto asset, “rETH,” representing the investor’s pro rata interest in Rocket Pool’s staking program, including the investor’s original deposit of ETH plus any accumulated returns. 266. Rocket Pool then uses investors’ deposited ETH in the Ethereum consensus mechanism to earn staking rewards—the financial returns for investors. 267. Specifically, Rocket Pool pools the ETH deposited by investors into a Rocket Pool smart contract, which initiates the creation of a validator by depositing a 32-ETH bundle to the Ethereum validator deposit contract. 268. Rocket Pool takes a 0.05% fee of the staking rewards it earns. 269. The remaining staking rewards accrue, pro-rata, to investors. 270. Rocket Pool also markets its staking program as an investment opportunity. 271. According to Rocket Pool’s website, rETH “accrues value over time.” 272. Rocket Pool also leads investors to reasonably expect that investors’ profits will come from the efforts of Rocket Pool. 273. As of June 2024, Rocket Pool advertised on its website an annual percentage return of approximately 3.11%. 274. In an FAQ available on its website, Rocket Pool notes that its staking service makes staking available to investors who might not otherwise have the technical expertise necessary to interact with smart contracts or keep a node running 24/7. 275. Indeed, according to Rocket Pool’s FAQ, its program “removes several high barriers to entry that exist with Proof of Stake on Ethereum.” 276. In a January 22, 2021, Medium Post, Rocket Pool stated that its program was “an easy and permissionless way to engage in staking without needing to run any staking infrastructure or even have 32 ETH.” 277. The Rocket Pool FAQ states that it will “allow anyone to earn rewards on deposits as small as 0.01 ETH.” 278. On its website, Rocket Pool also attempts to differentiate itself from other staking pool providers, claiming that “Rocket Pool is the only staking platform with a perfect score on ethereum.org.” 279. According to Rocket Pool’s website, its protocol is highly secure and its “smart contracts have been extensively audited, multiple times, by some of the best auditors in the Ethereum ecosystem.” 280. Rocket Pool also touts other reasons for investors to stake their ETH with Rocket Pool. 281. In the January 2021 Medium post, Rocket Pool notes that the value of rETH is “protected against node slashing and downtime by several built in insurance mechanisms.” 282. Specifically, Rocket Pool requires individuals that run Rocket Pool validator nodes to put up collateral to protect against losses that may result from penalties and slashing. 283. Rocket Pool’s website states that “every rETH token is exactly the same, you will automatically receive the benefits of staking just by holding the token!” (Emphasis in original.) 284. In light of the above, Rocket Pool offered and sold its staking program as an investment contract. 285. Neither Lido nor Rocket Pool have ever filed registration statements with the SEC for the offer and sale of their respective staking program investment contracts. Continue Reading Here. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 19 of 26. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part in this filing here . This part is 19 of 26. HackerNoon’s Legal PDF Series here B. Liquid Staking Pool Providers: Lido and Rocket Pool 238. Lido and Rocket Pool have each created and maintained respective staking programs, designed to capture the staking rewards described above. 239. Lido and Rocket Pool each call their program a “liquid staking” program because— as described below—investors are issued a tradable token in exchange for depositing funds into the program. This token represents the investor’s interest in the program. The token issued in exchange is referred to as a “liquid staking token” or “LST” and the LST can be traded on the secondary market. 240. In Lido, the LST is called stETH; in Rocket Pool, the LST is called rETH. 241. The amount of LST an investor receives is proportional to the amount of ETH they deposit. 242. These staking programs allow investors to both obtain the rewards of staking and also purportedly retain the ability to redeem the value of their investment at any time. i. The Lido Staking Program Is An Investment Contract. i. The Lido Staking Program Is An Investment Contract. 243. Lido launched its liquid staking platform in December 2020. 244. To participate, investors deposit ETH with Lido. 245. In return, Lido issues the investor another crypto asset, “stETH,” representing the investor’s pro rata interest in Lido’s staking program, including the investor’s original deposit of ETH plus any accumulated returns. 246. Lido then uses investors’ deposited ETH in the Ethereum consensus mechanism to earn staking rewards—the financial returns for investors. 247. Specifically, Lido pools the ETH deposited by investors into a Lido smart contract, which initiates the creation of a validator by depositing a 32 ETH bundle to the Ethereum validator deposit contract. 248. As of June 25, 2024, over 28% of all staked ETH on Ethereum is staked in Lido’s staking program. 249. Lido takes, as a fee, 10% of the staking rewards earned. 250. The remaining rewards are accrued, pro rata, by stETH token holders. 251. Lido markets its staking program as an investment opportunity. 252. Lido also leads investors to reasonably expect that investors’ profits will come from Lido’s efforts. 253. According to Lido’s website, from December 2020 to February 2024, Lido’s staking program returned an annualized percentage gain of 3% to 9%. 254. In a blog post dated December 28, 2020, Lido stated: “Lido allows users to stake any amount of ETH – without the need to maintain complex infrastructure.” 255. From at least June 2021 to June 2024, in a “Help” article on its website, Lido stated that staking “requires expert knowledge and complex and costly infrastructure” and that through Lido “users can eliminate these inconveniences.” 256. Lido claimed in an October 2020 document posted to its website that it is “more profitable” than other staking pool providers because of its fee model and the quality of its node operators. 257. From at least February 2023 to June 2024, another “Help” article on Lido’s website claims to allocate investors’ staked ETH across multiple, high-quality validator node operators (that is, participants in the Ethereum network consensus mechanism), minimizing the risks associated with staking ETH. 258. In the same Help article, Lido states that it elects “professional and reputable node operators” and that the penalty and slashing risks are reduced “given the quality of the Lido validator set and its proven track record.” 259. In short, Lido purportedly offers investors a “simplified participation in staking”— deploying its resources and expertise to achieve staking rewards that individual investors typically would not be able to achieve on their own. 260. The holder of any stETH—whether issued directly from Lido or purchased in the secondary market—has the right to deliver the stETH to Lido to get back the pro-rata staked ETH plus accrued rewards. 261. Lido treats all investors’ deposited ETH as fungible. It does not purport to segregate investor funds. 262. In light of the above, Lido offered and sold its staking program as an investment contract. ii. The Rocket Pool Staking Program Is An Investment Contract ii. The Rocket Pool Staking Program Is An Investment Contract 263. Rocket Pool launched its platform in October 2021. 264. To participate, investors deposit ETH with Rocket Pool. 265. In return, Rocket Pool issues another crypto asset, “rETH,” representing the investor’s pro rata interest in Rocket Pool’s staking program, including the investor’s original deposit of ETH plus any accumulated returns. 266. Rocket Pool then uses investors’ deposited ETH in the Ethereum consensus mechanism to earn staking rewards—the financial returns for investors. 267. Specifically, Rocket Pool pools the ETH deposited by investors into a Rocket Pool smart contract, which initiates the creation of a validator by depositing a 32-ETH bundle to the Ethereum validator deposit contract. 268. Rocket Pool takes a 0.05% fee of the staking rewards it earns. 269. The remaining staking rewards accrue, pro-rata, to investors. 270. Rocket Pool also markets its staking program as an investment opportunity. 271. According to Rocket Pool’s website, rETH “accrues value over time.” 272. Rocket Pool also leads investors to reasonably expect that investors’ profits will come from the efforts of Rocket Pool. 273. As of June 2024, Rocket Pool advertised on its website an annual percentage return of approximately 3.11%. 274. In an FAQ available on its website, Rocket Pool notes that its staking service makes staking available to investors who might not otherwise have the technical expertise necessary to interact with smart contracts or keep a node running 24/7. 275. Indeed, according to Rocket Pool’s FAQ, its program “removes several high barriers to entry that exist with Proof of Stake on Ethereum.” 276. In a January 22, 2021, Medium Post, Rocket Pool stated that its program was “an easy and permissionless way to engage in staking without needing to run any staking infrastructure or even have 32 ETH.” 277. The Rocket Pool FAQ states that it will “allow anyone to earn rewards on deposits as small as 0.01 ETH.” 278. On its website, Rocket Pool also attempts to differentiate itself from other staking pool providers, claiming that “Rocket Pool is the only staking platform with a perfect score on ethereum.org.” 279. According to Rocket Pool’s website, its protocol is highly secure and its “smart contracts have been extensively audited, multiple times, by some of the best auditors in the Ethereum ecosystem.” 280. Rocket Pool also touts other reasons for investors to stake their ETH with Rocket Pool. 281. In the January 2021 Medium post, Rocket Pool notes that the value of rETH is “protected against node slashing and downtime by several built in insurance mechanisms.” 282. Specifically, Rocket Pool requires individuals that run Rocket Pool validator nodes to put up collateral to protect against losses that may result from penalties and slashing. 283. Rocket Pool’s website states that “every rETH token is exactly the same, you will automatically receive the benefits of staking just by holding the token!” (Emphasis in original.) automatically receive the benefits of staking just by holding the token!” 284. In light of the above, Rocket Pool offered and sold its staking program as an investment contract. 285. Neither Lido nor Rocket Pool have ever filed registration statements with the SEC for the offer and sale of their respective staking program investment contracts. Continue Reading Here. Continue Reading Here . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener.com

Crypto Giants Lido and Rocket Pool Face SEC Scrutiny Over Staking Programs

SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 5 of 26. DEFENDANTS 21. Consensys was founded in 2014. In June 2020, Consensys was incorporated in Delaware. OTHER RELEVANT ENTITIES 22. Lido Finance (“Lido”) is a Cayman Islands company. Lido operates a program for staking on the Ethereum blockchain. Lido launched its staking program in December 2020. 23. Rocket Pool is headquartered in Australia. Rocket Pool also operates a program for staking on the Ethereum blockchain. Rocket Pool launched its staking program in October 2021. Continue Reading Here. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 5 of 26. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part in this filing here . This part is 5 of 26. HackerNoon’s Legal PDF Series here DEFENDANTS 21. Consensys was founded in 2014. In June 2020, Consensys was incorporated in Delaware. OTHER RELEVANT ENTITIES 22. Lido Finance (“Lido”) is a Cayman Islands company. Lido operates a program for staking on the Ethereum blockchain. Lido launched its staking program in December 2020. Lido Finance (“Lido”) 23. Rocket Pool is headquartered in Australia. Rocket Pool also operates a program for staking on the Ethereum blockchain. Rocket Pool launched its staking program in October 2021. Rocket Pool Continue Reading Here. Continue Reading Here . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener.com

Major Crypto Players Consensys, Lido, and Rocket Pool Under SEC Scrutiny

Let’s imagine you need access to the real-time data of some smart contracts on Ethereum (or Polygon, BSC, etc.) like Uniswap or even PEPE coin to analyze its data using the standard data scientist/analyst tools: Python, Pandas, Matplotlib, etc. In this tutorial, I’ll show you more sophisticated data access tools that are more like a surgical scalpel (The Graph subgraphs) than a well-known Swiss knife (RPC node access) or hammer (ready-to-use APIs). I hope my metaphors don’t scare you 😅. There are some different methods how to access the data on Ethereum: Using RPC-node commands like to get the low-level block information, then accessing smart contract data via libraries like . It allows you to get the data block by block and then collect it in your own database or CSV file. This way is not really fast, and parsing popular smart contract data using this way usually takes years. getBlockByNumber web3.py Using some data analytics providers like Dune which can help you with some popular smart contract data, but it is not really real-time. The latency can be about several minutes. Using some ready-to-use APIs like NFT API/Token API/DeFi API. And it can be an excellent option because usually, the latency is low. The only problem that you can face is that the data you need is not available. For instance, not all variables can be available as historical time series. What if you still want to have real-time data of a smart contract, but are not satisfied by previous solutions, because you want all: you want low-latency data (the data is always up-to-date right after a new block has been mined) you need a custom slice of data that is not available on any ready-to-use API you don’t want to hassle with manual processing data block by block along with processing block reorganizations This is the best use case for subgraphs by The Graph. Essentially, The Graph is a decentralized network to access smart contract data in a decentralized way paying the price for requests in GRT tokens. But the underlying technology called “subgraphs” allows you to transform your simple description of what variables need to be saved (for real-time access) into the production-grade ETL pipeline which Extract data from the blockchain Saves it into the database Making this data accessible via GraphQL interface Updates the data after each new block is mined on the network Automatically process the chain reorganizations This is a big deal. You don’t need to be a highly qualified data engineer experienced in EVM-compatible blockchains to set up the entire workflow. But let’s start with something ready-to-use. What if somebody has already developed a subgraph that helps to access the data you need? You can go to The Graph hosted service , find the community subgraph section and try to get the existing subgraphs on the protocol you need. For instance, let’s find a subgraph to access protocol (which allows users to stake their Ethers without limiting the minimum value of 32 ethers, as is usually the case, and apart from it getting the tokens that can be staked again, can you believe this?😅). website Lido Lido protocol is currently top-1 in terms of TVL (Total Value Locked — a metric used to measure the total value of digital assets that are locked or staked in a particular DeFi platform or DApp) according to . DeFiLlama And there it is! The subgraph made by Lido team is here. Let’s go to the subgraph details page. What can we see here? The IPFS CID of this subgraph — it is an internal unique identifier of this subgraph pointing to the manifest of this subgraph on the (peer-to-peer protocol to find a file by hash — this is a critically simplified explanation, but you can figure out how it works for yourself). IPFS Query URL — this is an actual endpoint that we will use in our Python code to access smart contract data. The indicator of a subgraph sync status. When the subgraph is up-to-date you can query the data, but you should understand that deploying a new subgraph you must wait for a while to sync it. During this process, it will show the number of current block under processing. The GraphQL query. Each subgraph has its own data structure (the list of tables with data) that need to be considered when creating a GraphQL query. Generally, GraphQL is pretty easy to learn, but if you are struggling with it you can ask ChatGPT to help with it 🙂. is an example at the end of the article. Here The button which runs the query. The output window. As you can see the GraphQL response is JSON-like structure. A switch that allows you to see the data structure of this subgraph. Let’s get down to business (Let’s uncover our jupyter notebooks🙂). Getting raw data: import pandas as pd
import requests

def run_query(uri, query):
    request = requests.post(uri, json={'query': query}, headers={"Content-Type": "application/json"})
    if request.status_code == 200:
        return request.json()
    else:
        raise Exception(f"Unexpected status code returned: {request.status_code}")

url = "https://api.thegraph.com/subgraphs/name/lidofinance/lido"
query = """{
  lidoTransfers(first: 50) {
    from
    to
    value
    block
    blockTime
    transactionHash
  }
}"""

result = run_query(url, query) The result variable looks like this: And the last transformation (which is only valid for flat JSON response) creates a dataframe: df = pd.DataFrame(result['data']['lidoTransfers'])
df.head() But how to download all data from the table? With GraphQL there are different options on it, and I am picking the following one. Considering that the blocks are ascending let’s scan from the first block querying by 1000 entities each time (1000 is the limit for the graph-node). query = """{
  lidoTransfers(orderBy: block, orderDirection: asc, first: 1) {
     block
  }
}"""
# here we get the first block number to start with
first_block = int(run_query(url, query)['data']['lidoTransfers'][0]['block'])
current_last_block = 17379510

#query template to make consecutive queries
query_template = """{{
  lidoTransfers(where: {{block_gte: {block_x} }}, orderBy: block, orderDirection: asc, first: 1000) {{
    from
    to
    value
    block
    blockTime
    transactionHash
  }}
}}"""

result = [] # storing the response
offset = first_block # starting from the first found block

while True: 
    query = query_template.format(block_x=offset) # generate the query
    sub_result = run_query(url, query)['data']['lidoTransfers'] # get the data
    if len(sub_result)<=1: # break if finished
        break
    sh = int(sub_result[-1]['block']) - offset # calculate the shift
    offset = int(sub_result[-1]['block']) # calculate the new shift
    result.extend(sub_result) # append
    print(f"{(offset-first_block)/(current_last_block - first_block)* 100:.1f}%, got {len(sub_result)} lines, block shift {sh}" ) #show the log

# convert to the dataframe
df = pd.DataFrame(result) Bear in mind that we do overlapping queries because each time we use the last block number from the query to start the next one with. We do this to avoid missing records due to the possible multiple transactions per block. As we see each query returns 1000 lines, but the block number is shifting by several tens of thousands. It means that not every block contains at least one Lido transaction. An important step here is to get rid of the duplicates that we collected avoiding missing records: As we see, there are 9k+ duplicated lines in the dataframe. Now let’s do some simple EDA. col = "from"
df.groupby(col, as_index=False)\
    .agg({'transactionHash': 'count'})\
    .sort_values('transactionHash', ascending=False)\
    .head(5) If we check the most frequent addresses in the field “from” we find “0x0000000000000000000000000000000000000000” address. Usually, it means the issue of new tokens, so we can find a transaction in and check: Etherscan (df[df['from']=='0x0000000000000000000000000000000000000000'].iloc[1000].to,\
df[df['from']=='0x0000000000000000000000000000000000000000'].iloc[1000].transactionHash,
df[df['from']=='0x0000000000000000000000000000000000000000'].iloc[1000].value,) We will see the transaction that has the same “value”: Also, it is interesting to check the most frequent receiver of funds (by the field called “to”): col = "to"
df.groupby(col, as_index=False)\
    .agg({'transactionHash': 'count'})\
    .sort_values('transactionHash', ascending=False)\
    .head(5) The address “0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0” can be found on the as Lido: wrapped stETH Token. Etherscan Now let’s see the number of transactions per month: import datetime
import matplotlib.pyplot as plt

df["blockTime_"] = df["blockTime"].apply(lambda x: datetime.datetime.fromtimestamp(int(x)))
df['ym'] = df['blockTime_'].dt.strftime("%Y-%m")
df_time = df.groupby('ym', as_index=False).agg({'transactionHash': 'count'}).sort_values('ym')

fig, ax = plt.subplots(figsize=(12,8))
ax.plot(df_time['ym'].iloc[:-1], df_time['transactionHash'].iloc[:-1])
plt.xticks(rotation=45)
plt.xlabel('month')
plt.ylabel('number of transactions')
plt.grid()
plt.show() The number of transactions per month is growing over the years constantly! You can continue your investigation going forward with the other fields or make other queries to different tables on the same subgraph: What else you can do with subgraphs , if you need to access the data of (or the data is not enough) you can easily write your own subgraph using these tutorials: Firstly any other smart contract that has no subgraph yet How to access the Tornado Cash data easily using The Graph’s subgraphs How to access transactions of PEPE ($PEPE) coin using The Graph subgraphs and ChatGPT prompts Indexing Uniswap data with subgraphs A beginner’s guide to getting started with The Graph f you want to become an advanced subgraphs developer, consider these deep-diving tutorials: Secodly, i Explaining Subgraph schemas Debugging subgraphs with a local Graph Node Fetching subgraph data using javascript , if you are going to use subgraphs real-time data in your production application, consider using production grade subgraphs hostings such as . Thirdly Chainstack Subgraphs Feel free to ask any questions in comments or in DM 🙂 Also published . here

Accessing Real-time Smart Contract Data From Python Code (Using Lido Contract as an Example)

Leading brand consultant and esteemed author of Designing Brand Identity, Alina Wheeler, is famously quoted as saying “Design is intelligence made visible”. This statement truly captures the multifaceted world of design, which must create synergy between business goals, financial margins, and the overall UX. Lidong Liu is an experienced product designer who has combined the talent of a natural eye with a deep understanding of technology in order to showcase the brilliance of his projects. The first spark of inspiration Lidong Liu has always had a passion for music and, at the age of eight, he got his first personal music player – an Apple Shuffle. As he began using the device, he noticed how easily songs could be uploaded and noted the ability for both sequential and random playing order. Although it was fundamentally a simple concept, he was fascinated by the design of this product that took care of its user’s needs by appropriately leveraging modern technology. Not only that, it did so without placing any burden on the user to understand the technology behind its seamless operations. It was then that Liu started to really consider and study the connection between people and technology. From this spark of inspiration, he began to experiment with own unique creations. During his time in secondary school, Liu designed and produced a few short films and also a handful of websites. Many of his products won recognition and awards at his school, and he was further motivated after seeing the joy and excitement that his creations brought to the broader online community. He had no doubt that this was his path in life and decided to pursue his passion post-secondary, earning his B.E. in Software Engineering from Shanghai’s Tongji University. Making his mark in the industry before graduation During his time at Tongji, Liu made some great connections and began playing with business ideas and products. Interestingly, music was once again at the core of his inspiration – this time for an app that he designed and developed with two friends, which would make big waves in China. Zuiyan was officially launched in 2017. The music mobile app was created to showcase Beijing Opera in a modern and engaging format. Liu initially touched on the concept thanks to his grandmother who, like many others in her generation, loves to watch and perform the art form as a primary source of entertainment. He had spoken with his grandmother about her grief around this dwindling element of her cultural heritage, as she noticed the younger generations were not interested in Beijing Opera. After contemplating what he could do to reinvigorate the interest of his people, Liu decided to use cartoon illustrations, audio clips, and state-of-the-art Augmented Reality techniques to present live Beijing Opera in people’s hands – anytime and anywhere. The app also boasted a highly-engaging feature that allowed users to recreate and retell the stories of this traditional art form, based on their own understanding, to share with others. Thanks to its unique presentation and innovative techniques, Zuiyan took home the first place prize from the Mobile Application Innovation Contest, beating out over 400 other teams from mainland China, Hong Kong and Taiwan. As the competition was organized by the Ministry of Education of China and Apple, the app was then featured on the Apple App Store in 2018 and hit over 20K downloads in just three months. It was such a hit that several major media platforms in China – the likes of China Daily, Tencent, Sohu, etc. – reported about Liu and his app. Noticing the impact of his work, Apple then invited Liu to the 2018 Apple Worldwide Developer Conference for an all-expenses-paid opportunity to showcase his product in front of a notable group of attendees, including Isabel Ge Mahe, Apple’s Vice President and Managing Director of Greater China. The event also led to the mention of Liu as an innovative developer and influencer in the industry in Apple’s China corporate social responsibility (CSR) report. Although he was only on the brink of truly stepping into his career, Liu was already gaining an impressive reputation. Music is his muse After graduation, Lidong Liu was fortunate to explore the field with a few design internships, first in China and then in the US. Interning in California with the Arm Treasure Data product, a tool for data engineering and marketing from SoftBank, gave Liu the opportunity to really dive into complex and enterprise-facing design. He worked with Fortune 500 clients and Global 2000 companies like LG, Nintendo, and Warner Bros. Even during the short time that he was with Arm, Liu’s unique design perspectives added significant value to the company and a few months later, the product that he contributed to won the Frost & Sullivan award for Global Customer Data Platform Company of the Year. Over the next couple of years, Liu’s life saw massive expansion. He was awarded maximum scholarships to complete his Master of Science degree in Human-Computer Interactions at Indiana University. From there, he was elated to circle back around to his passion for music and, in June of 2020, he began working as a product designer for the world-renowned platform, Spotify. Liu has led several projects with Spotify that have not only improved the UX and added millions of dollars in revenue to the company, but that have also helped artists and labels to profit through the support of their fans and listeners. He has brought his design talents to the user authorization system, helping to ensure its understandability, efficiency and ease of use in different user situations. He led the core design of the customer support platform, which optimizes multiple internal Spotify tools of the listener app with Spotify for Artists, and other components, to provide a better and more consistent system experience. According to Liu, the most rewarding work he’s done with the company is in particular with Spotify for Artists, as he holds such deep respect for the work of musicians. In this branch of the company, he led the core design of platform capabilities for the paid Marquee ads – a marketing campaign tool for music promotion. He also drove the core design of 2-step verification user onboarding and education, ensuring that the new feature would be well adopted by all Spotify for Artist users, while ensuring the protection of their account security, such as their sensitive music data reports, public profiles, and payment information. Finally, as the current design owner of the overall analytics experience, Liu is optimizing the holistic navigation experience for data consumption and social sharing. The improvements will allow artists and labels to gather more accurate and timely insights based on their tasks and data maturity. In looking to the future of his work at Spotify, Liu explains: “Helping music creators to succeed has always been my top goal, and I believe improving the music data experience will be my next breakthrough point. The ongoing digital revolution in the music industry brings tremendous opportunities, but it also means that music creators need to collect, consume, and digest more data so that they can better cultivate fandom and generate revenue.” The reality is that the success of an artist in our modern world requires them to use data to learn what people are listening to and how they’re spending their money in the music industry. When the right information is used in the right way, creators can streamline and uniquely personalize the experiences that they offer their tech savvy music fans. This is exactly why, as the largest music streaming service in the world, Spotify plays such a vital role. It contains, by far, the most first-hand user listening data and is capable of feeding it directly back into the industry. In reflection on his own position, Liu shares “Standing at the core of this bottom-up loop, I am a designer who can help to democratize music, ensuring the information is presented and interpreted for the good of both the artists and the fans. In such a dynamic work-stream, there is no once-and-for-all solution, but continuous iterations. Leading the holistic data experience design of Spotify for Artists is [a huge project that] I’m thrilled about. I truly believe that it will be my next milestone of bringing digital innovation to the world of music.” Lidong Liu clearly approaches his design work from a place of deep intelligence. His ability to zoom out, pick up all the dots and details, and then fuze them together into a successful and functional design is unmatched. With Liu, there is no need to sacrifice usability for appearance, or efficiency for cost. He has an incredible talent for manipulating technology to do it all, and for that very reason, the future of this young, yet highly accomplished, product designer is incredibly bright.

Leading Product Designer Lidong Liu Proves Core Of Brilliant Design Is Intelligence Made Visible

I have been professionally involved in DeFi for 8 years (as a researcher, LP and advanced user). Today, I would like to talk about one of the major trends of 2023 - restaking. For this, I will try to go step by step, rather than giving the 1001st description of the general processes, of which there are so many in Google search results. So you have ETH, what's next? Let's imagine you have 1 ETH. Not bad. Is its price increasing? In the medium and long term - yes, but in the short term - not always: What to do? The most conservative strategy in this case is HODL, but in this case, DeFi is not yet in the picture. Liquid Staking The next step is liquid staking. To get straight to the point, Ethereum, like many other projects, is now PoS (Proof-of-Stake), which means? It means validators or other super-nodes receive rewards. Since that's the case, these rewards can be... tokenized, turning them into a separate financial instrument (derivative). This is exactly what Lido, Rocket Pool, and a number of other projects have done (today their total number has exceeded a hundred, although barely 10 are truly active): I always use Lido as an example, but only because they are the largest. If you, like me, prefer more decentralization, then Rocket Pool is the right and precise choice. The APR for stETH today is 3%-3.5% (Lido), but at the beginning of the transition era, it was over 10%: No super-knowledge is needed for liquid staking: Go to the page: stake.lido.fi;
Authorize with your wallet (Metamask or something else - it doesn't matter);
Stake ETH as the base asset and receive a first-order derivative - stETH. A few life hacks right away: Learn to check any asset/project through at least 2-3 sources:

My 1st source is pro.similarweb.com: you can quickly check the traffic and when the site became active to avoid obvious scams (you can also add a who-is check here);
The 2d source is coinmarketcap.com: any aggregator will do, the main thing is that it updates promptly;
The 3d source is any search engine without subjective filtering;



Always carefully research the economic conditions (DYOR) during your first transactions:

What is the base and derivative asset worth?
What is the provider's fee?
What is the gas price (even in cheap networks, failures are not uncommon)?
Do the APR/APY figures match the stated ones (you can check on the same aggregators)?



And always scroll through the news feed: blockchain solutions are rarely hacked, but DNS attacks, simple phishing sites, and other issues happen much more often, as there are always two vulnerable links in decentralized Web3:

centralized intermediary services;
you → the person. So, you have received the long-awaited stETH, and now your yield on ETH is 3% per year or more. Is that a little? Yes, but it's in ETH, and as we remember, it can rise from $0.03 to $4500 or more. And this is our main hope. But can the yield be increased further? Yes, it can! Restaking "This is a new onchain primitive similar to rehypothecation, allowing either natively staked ETH or Liquid Staking Tokens (LSTs) to be restaked in return for additional yield". So, let's immediately see how this works in practice. We go to kelpdao.xyz and stake the 1 stETH we obtained earlier: And again: Don't be lazy and study the protocol audit: audits themselves may not help much, but it's worse when they're absent;
Look at APY/APR: that's why you came here;
And then the operation is the same as before: input the base asset (now stETH) and receive the derivative (rsETH). You can also try EtherFI, Renzo protocol and others: it depends more on current rates and your imagination. Life hack: never put 1 to 1. In the sense that if you're going up the ladder of complex derivatives, it's better to go like this: 1 ETH => split into 0.8 & 0.2: leave 0.2 in ETH, and convert 0.8 into stETH; Then divide 0.8 stETH again into 80% and 20% (any slippages, differences in rates, included rewards - keep in parentheses) and so on. Why all this complexity? Because: Protocols get hacked;
Individual pools get hacked too;
Even individual assets. And don't forget to remove unnecessary approvals through scanners or special services like cointool.app. So, we've progressed: From a hypothetical 0% APR on ETH to 3% in stETH;
And then, with the specific implementation of restaking in Kelp DAO - up to 4.28% (don't rush to add percentages, as there are many pitfalls here). What's next? Remember that diversification is decentralization and try to allocate 80% of 0.8 (0.64) stETH through various protocols, for example: ETHERfi;
Renzo;
Kelp;
Swell. In total, we get 0.64/4 = 0.16 for each service. But you are free to act as you wish and, by accumulating loans in AAVE, invest not a part of the whole, but the whole plus a part. Is this risky? Yes. But DeFi endures everything. Can you achieve even higher returns? Yes, but first - some more life hacks: Don't forget about bonuses (via airdrops) from EigenLayer and protocols (like Kelp, calculating points for a reason), which also add to your profitability;
You can continue using the assets in DeFi, which also adds extra income (though no one can guarantee it);
Finally, don't forget about cross-chain arbitrage: you can always look for a new network and try to bridge (transfer) your assets - currently possible on Scroll, where different restaking derivatives earn so-called marks. And yet, what about ETH itself: can you do something more to improve profitability? The short answer is yes, but implementing this answer is not as simple as it seems. The magical Pendle In fact, there are several services like this, including Asymetrix, but for brevity, I'll focus on Pendle specifically: especially since it has proven itself quite well in the past year (although everyone has their mishaps). And again - headfirst into practice: On the main page, select the asset you need (initially set the mode to simple: once you understand it, you can start experimenting with YT & PT), check the APR/APY, if it suits you - proceed to its staking page: Carefully and as capable as you can, read the terms and lock your assets: again, the choice of percentage is up to you, but I would recommend (if I could) starting with at least an 80/20 strategy everywhere. That's it, now you've learned how to hedge your bet on a complex derivative. It sounds strange, but it's true. Want more? Well, don't linger and follow the primary source: pendle.gitbook.io/pendle-academy. The position will look something like this: So, from zero, we can pull out approximately 7%-10% annually (in the worst case, 4-7%) in ETH, which is already quite substantial. But that's not all. Take another look at the scheme we've walked through: Conclusion Undoubtedly, the presented scheme can be both simplified and made more complex. Moreover, different services (projects) can be used at different stages. However, the main point is that the described scheme is universal in theory on the one hand, and on the other hand, it is implemented in quite specific practice. If this post sparks interest, I will continue. But for today, that's all from me and Ch33r$! I have been professionally involved in DeFi for 8 years (as a researcher, LP and advanced user). Today, I would like to talk about one of the major trends of 2023 - restaking . For this, I will try to go step by step, rather than giving the 1001st description of the general processes, of which there are so many in Google search results. restaking description So you have ETH, what's next? So you have ETH, what's next? Let's imagine you have 1 ETH. Not bad. Is its price increasing? In the medium and long term - yes , but in the short term - not always: yes but What to do? The most conservative strategy in this case is HODL , but in this case, DeFi is not yet in the picture. What to do? HODL Liquid Staking Liquid Staking The next step is liquid staking . To get straight to the point, Ethereum , like many other projects, is now PoS (Proof-of-Stake), which means? It means validators or other super-nodes receive rewards. Since that's the case, these rewards can be... tokenized , turning them into a separate financial instrument ( derivative ). This is exactly what Lido, Rocket Pool, and a number of other projects have done (today their total number has exceeded a hundred, although barely 10 are truly active): liquid staking Ethereum PoS tokenized derivative I always use Lido as an example, but only because they are the largest. If you, like me, prefer more decentralization, then Rocket Pool is the right and precise choice. The APR for stETH today is 3%-3.5% (Lido), but at the beginning of the transition era, it was over 10%: APR No super-knowledge is needed for liquid staking: Go to the page: stake.lido.fi; Authorize with your wallet (Metamask or something else - it doesn't matter); Stake ETH as the base asset and receive a first-order derivative - stETH. Go to the page: stake.lido.fi ; stake.lido.fi Authorize with your wallet ( Metamask or something else - it doesn't matter); Metamask Stake ETH as the base asset and receive a first-order derivative - stETH . stETH A few life hacks right away: Learn to check any asset/project through at least 2-3 sources:

My 1st source is pro.similarweb.com: you can quickly check the traffic and when the site became active to avoid obvious scams (you can also add a who-is check here);
The 2d source is coinmarketcap.com: any aggregator will do, the main thing is that it updates promptly;
The 3d source is any search engine without subjective filtering; Always carefully research the economic conditions (DYOR) during your first transactions:

What is the base and derivative asset worth?
What is the provider's fee?
What is the gas price (even in cheap networks, failures are not uncommon)?
Do the APR/APY figures match the stated ones (you can check on the same aggregators)? And always scroll through the news feed: blockchain solutions are rarely hacked, but DNS attacks, simple phishing sites, and other issues happen much more often, as there are always two vulnerable links in decentralized Web3:

centralized intermediary services;
you → the person. Learn to check any asset/project through at least 2-3 sources: My 1st source is pro.similarweb.com: you can quickly check the traffic and when the site became active to avoid obvious scams (you can also add a who-is check here);
The 2d source is coinmarketcap.com: any aggregator will do, the main thing is that it updates promptly;
The 3d source is any search engine without subjective filtering; Learn to check any asset/project through at least 2-3 sources : Learn to check any asset/project through at least 2-3 sources My 1st source is pro.similarweb.com: you can quickly check the traffic and when the site became active to avoid obvious scams (you can also add a who-is check here); The 2d source is coinmarketcap.com: any aggregator will do, the main thing is that it updates promptly; The 3d source is any search engine without subjective filtering; My 1st source is pro.similarweb.com : you can quickly check the traffic and when the site became active to avoid obvious scams (you can also add a who-is check here ); pro.similarweb.com here The 2d source is coinmarketcap.com : any aggregator will do, the main thing is that it updates promptly; coinmarketcap.com The 3d source is any search engine without subjective filtering; Always carefully research the economic conditions (DYOR) during your first transactions: What is the base and derivative asset worth?
What is the provider's fee?
What is the gas price (even in cheap networks, failures are not uncommon)?
Do the APR/APY figures match the stated ones (you can check on the same aggregators)? Always carefully research the economic conditions ( DYOR ) during your first transactions: Always carefully research the economic conditions DYOR What is the base and derivative asset worth? What is the provider's fee? What is the gas price (even in cheap networks, failures are not uncommon)? Do the APR/APY figures match the stated ones (you can check on the same aggregators)? What is the base and derivative asset worth? What is the provider's fee? What is the gas price (even in cheap networks, failures are not uncommon)? Do the APR/APY figures match the stated ones (you can check on the same aggregators)? And always scroll through the news feed: blockchain solutions are rarely hacked, but DNS attacks, simple phishing sites, and other issues happen much more often, as there are always two vulnerable links in decentralized Web3: centralized intermediary services;
you → the person. And always scroll through the news feed : blockchain solutions are rarely hacked, but DNS attacks, simple phishing sites, and other issues happen much more often, as there are always two vulnerable links in decentralized Web3: And always scroll through the news feed centralized intermediary services; you → the person. centralized intermediary services; you → the person. So, you have received the long-awaited stETH, and now your yield on ETH is 3% per year or more. Is that a little? Yes, but it's in ETH, and as we remember, it can rise from $0.03 to $4500 or more. And this is our main hope . But can the yield be increased further? Yes, it can! hope Restaking Restaking " This is a new onchain primitive similar to rehypothecation, allowing either natively staked ETH or Liquid Staking Tokens (LSTs) to be restaked in return for additional yield ". So, let's immediately see how this works in practice. We go to kelpdao.xyz and stake the 1 stETH we obtained earlier: This allowing either natively staked ETH or Liquid Staking Tokens (LSTs) to be restaked in return for additional yield kelpdao.xyz And again: Don't be lazy and study the protocol audit: audits themselves may not help much, but it's worse when they're absent; Look at APY/APR: that's why you came here; And then the operation is the same as before: input the base asset (now stETH) and receive the derivative (rsETH). Don't be lazy and study the protocol audit : audits themselves may not help much, but it's worse when they're absent; Don't be lazy and study the protocol audit Look at APY/APR : that's why you came here; Look at APY/APR And then the operation is the same as before : input the base asset (now stETH) and receive the derivative (rsETH). And then the operation is the same as before You can also try EtherFI , Renzo protocol and others: it depends more on current rates and your imagination. Life hack: never put 1 to 1. In the sense that if you're going up the ladder of complex derivatives, it's better to go like this: 1 ETH => split into 0.8 & 0.2 : leave 0.2 in ETH, and convert 0.8 into stETH; Then divide 0.8 stETH again into 80% and 20% (any slippages, differences in rates, included rewards - keep in parentheses) and so on. EtherFI Renzo protocol Life hack: split into 0.8 & 0.2 Why all this complexity? Because: Why all this complexity? Protocols get hacked; Individual pools get hacked too; Even individual assets. Protocols get hacked; Individual pools get hacked too; Even individual assets. And don't forget to remove unnecessary approvals through scanners or special services like cointool.app . cointool.app So, we've progressed : So, we've progressed From a hypothetical 0% APR on ETH to 3% in stETH; And then, with the specific implementation of restaking in Kelp DAO - up to 4.28% (don't rush to add percentages, as there are many pitfalls here). From a hypothetical 0% APR on ETH to 3% in stETH; And then, with the specific implementation of restaking in Kelp DAO - up to 4.28% (don't rush to add percentages, as there are many pitfalls here). 4.28% What's next? What's next? Remember that diversification is decentralization and try to allocate 80% of 0.8 (0.64) stETH through various protocols, for example: ETHERfi; Renzo; Kelp; Swell. ETHERfi; Renzo; Kelp; Swell. In total, we get 0.64/4 = 0.16 for each service. But you are free to act as you wish and, by accumulating loans in AAVE, invest not a part of the whole, but the whole plus a part. Is this risky? Yes. But DeFi endures everything . DeFi endures everything Can you achieve even higher returns? Yes, but first - some more life hacks: Don't forget about bonuses (via airdrops) from EigenLayer and protocols (like Kelp, calculating points for a reason), which also add to your profitability; You can continue using the assets in DeFi, which also adds extra income (though no one can guarantee it); Finally, don't forget about cross-chain arbitrage: you can always look for a new network and try to bridge (transfer) your assets - currently possible on Scroll, where different restaking derivatives earn so-called marks. Don't forget about bonuses (via airdrops ) from EigenLayer and protocols (like Kelp, calculating points for a reason), which also add to your profitability; Don't forget about bonuses airdrops You can continue using the assets in DeFi , which also adds extra income (though no one can guarantee it); You can continue using the assets in DeFi Finally, don't forget about cross-chain arbitrage : you can always look for a new network and try to bridge (transfer) your assets - currently possible on Scroll, where different restaking derivatives earn so-called marks. Finally, don't forget about cross-chain arbitrage And yet, what about ETH itself: can you do something more to improve profitability? The short answer is yes, but implementing this answer is not as simple as it seems. The magical Pendle The magical Pendle In fact, there are several services like this, including Asymetrix, but for brevity, I'll focus on Pendle specifically: especially since it has proven itself quite well in the past year (although everyone has their mishaps). And again - headfirst into practice: On the main page, select the asset you need (initially set the mode to simple: once you understand it, you can start experimenting with YT & PT), check the APR/APY, if it suits you - proceed to its staking page: Carefully and as capable as you can, read the terms and lock your assets: again, the choice of percentage is up to you, but I would recommend (if I could) starting with at least an 80/20 strategy everywhere. That's it, now you've learned how to hedge your bet on a complex derivative. It sounds strange, but it's true. Want more? Well, don't linger and follow the primary source: pendle.gitbook.io/pendle-academy . The position will look something like this: pendle.gitbook.io/pendle-academy So, from zero, we can pull out approximately 7%-10% annually (in the worst case, 4-7%) in ETH, which is already quite substantial. But that's not all. Take another look at the scheme we've walked through: approximately 7%-10% annually (in the worst case, 4-7%) Conclusion Conclusion Undoubtedly, the presented scheme can be both simplified and made more complex. Moreover, different services (projects) can be used at different stages. However, the main point is that the described scheme is universal in theory on the one hand, and on the other hand, it is implemented in quite specific practice. If this post sparks interest, I will continue. But for today, that's all from me and Ch33r$! Ch33r$!

Restaking Step-by-step

ধাপে ধাপে রিস্ট্যাকিং

Umstecken Schritt für Schritt

Retomando paso a paso

Reprise étape par étape

चरण-दर-चरण रीस्टेकिंग

再ステーキングの手順

단계별 재취업

Refazendo passo a passo

Перестановка шаг за шагом

Adım Adım Yeniden Stake Etme

Đặt lại từng bước

重新抵押步骤

SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 1 of 26. Plaintiff Securities and Exchange Commission (“Commission” or “SEC”), for its Complaint against Defendant Consensys Software Inc. (“Consensys”), alleges as follows: SUMMARY 1. Since 2016, Consensys has developed and operated a suite of crypto asset-related services under the brand “MetaMask.” Consensys markets itself as a leader and innovator in the crypto asset industry, but certain products that Consensys offers its customers perform age-old functions: (1) brokering securities transactions for retail investors and (2) engaging in the offer and sale of securities. 2. Consensys violated the federal securities laws by failing to register as a broker and failing to register the offer and sale of certain securities, thereby depriving investors of crucial protections that those laws afford. Since October 2020, Consensys has acted as an unregistered broker of crypto asset securities through its MetaMask Swaps service. Since January 2023, Consensys has engaged in the unregistered offer and sale of securities in the form of crypto asset staking programs, and acted as an unregistered broker, through its MetaMask Staking service. By its conduct as an unregistered broker, Consensys has collected over $250 million in fees. 3. MetaMask Swaps is a digital platform that brokers transactions in crypto asset securities on behalf of MetaMask Swaps users—including retail investors in crypto asset securities. As its name suggests, through “MetaMask Swaps,” Consensys effects the exchange of one crypto asset for another on the investor’s behalf. Consensys solicits potential investors in crypto asset securities, holds itself out as a place to buy and sell crypto assets (which include crypto asset securities), recommends trades with—as Consensys itself puts it—the “best” value, accepts investor orders, routes investor orders, handles customers assets, carries out trading parameters and instructions on the customer’s behalf, and receives transaction-based compensation. 4. MetaMask Swaps functions as follows. An investor enters the name and amount of the crypto asset that they wish to sell, as well as the name of the crypto asset that they wish to buy in return. MetaMask Swaps then pulls available rates for the requested exchange from a Consensyscurated group of execution venues and other third-party liquidity providers (referred to herein as “third-party liquidity providers”) and displays those rates to the investor, highlighting the option that Consensys deems “best.” With one additional click by the investor, MetaMask Swaps performs the functions necessary to effect the trade, on the investor’s behalf, with the third-party liquidity provider. As described in further detail below, Consensys’s software routes the investor’s order by transferring their asset and trading instructions through Consensys’s own smart contracts on the blockchain, which interface with third-party liquidity providers on the investor’s behalf. As is typically the case in traditional securities markets, the investor here never interacts directly with the third party; all investor interactions are directly with Consensys’s platform. And Consensys collects a fee on most transactions. 5. Since 2020, through MetaMask Swaps, Consensys has brokered over 36 million crypto asset transactions—including at least 5 million transactions in crypto asset securities—between investors, on one hand, and third-party liquidity providers (such as purportedly “decentralized” crypto asset trading platforms and market makers) on the other. 6. In addition to operating as an unregistered broker with respect to MetaMask Swaps, Consensys performs another traditional function of the securities market: offering and selling securities. Specifically, Consensys has offered and sold tens of thousands of securities for two issuers: Lido and Rocket Pool. By this conduct, Consensys acts as an underwriter of those securities and participates in the key points of their distribution. 7. Lido and Rocket Pool each offer what are commonly referred to as “liquid staking” programs. “Staking,” in the context of a blockchain network, refers to the commitment of the native crypto asset of the blockchain (in the case of the Ethereum blockchain, for example, ether or “ETH”) in order to act as a “validator” of transactions recorded on that network. Blockchain validators perform certain functions to earn rewards in the form of additional tokens and, when selected, proposing new blocks to the blockchain. Lido and Rocket Pool offer an investment program known as a “staking program,” centered around this feature of the Ethereum blockchain. In essence, Lido and Rocket Pool each pool ETH contributed by investors and stakes it on the blockchain, using their technological expertise to earn returns that the typical investor would not be able to earn on their own. Upon receipt of an investor’s ETH, Lido and Rocket Pool issue the investor a new crypto asset in return—stETH or rETH, respectively—representing the investor’s pro-rata interest in the staking pool and its rewards. Lido and Rocket Pool refer to their staking programs as “liquid” because investors’ interests in the programs—represented by the stETH and rETH tokens—are tradable on the secondary market, thereby providing investors a mechanism to exit their investment position, whereas tokens staked directly on the blockchain cannot be easily accessed while they are staked. 8. The Lido and Rocket Pool staking programs are each offered and sold as investment contracts and, therefore, securities. Specifically, as described in more detail below, investors make an investment of ETH in a common enterprise with a reasonable expectation of profits from the managerial efforts of Lido and Rocket Pool, respectively. Yet, neither Lido nor Rocket Pool has filed a registration statement with the Commission for the offer and sale of these investment contracts. 9. Consensys, for its part, brokers and also offers and sells these securities in unregistered transactions through its “MetaMask Staking” platform. By soliciting investors to participate in the Lido and Rocket Pool staking programs and by acting as an intermediary between Lido and Rocket Pool, on one hand, and investors in their respective staking programs on the other, Consensys was an integral part of the distribution of these securities. Indeed, Consensys developed and deployed MetaMask Staking for the specific purpose of offering and selling the Lido and Rocket Pool staking program investment contracts. Consensys solicits investments in the Lido and Rocket Pool staking programs through “MetaMask Staking.” When an investor makes a request to invest with Lido or Rocket Pool via MetaMask Staking, Consensys transfers the ETH to Lido or Rocket Pool on the investor’s behalf and transfers newly issued stETH or rETH from Lido or Rocket Pool to the investor’s MetaMask Wallet (a Consensys-developed software application for storing investors’ crypto assets, as explained below). MetaMask Staking investors never interact directly with Lido or Rocket Pool; all investor interactions are directly with Consensys’s platform. 10. Despite performing brokerage functions, Consensys has not registered as a broker with the Commission, in violation of the federal securities laws. As further explained below, those provisions mandate transparency, including the disclosure of conflicts of interest, so that investors receive information necessary to make informed investment decisions. Registration also requires broker-dealers to comply with applicable financial responsibility requirements that protect customers and other market participants. 11. Consensys’s unregistered offer and sale of the Lido and Rocket Pool securities, as to which it also acts as an unregistered broker, violates the federal securities laws. It deprives investors of the protections afforded to them by the federal securities laws. Indeed, registration statements provide investors with material information about the securities offering and the issuer’s business and financial condition, so that investors can make informed investment decisions. 12. With MetaMask Swaps and MetaMask Staking, Consensys has inserted itself into the U.S. securities markets, yet failed to act in accordance with the provisions of the federal securities laws to which it is subject and that exist to protect investors. Continue Reading Here. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This part is 1 of 26. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part in this filing here . This part is 1 of 26. HackerNoon’s Legal PDF Series here Plaintiff Securities and Exchange Commission (“Commission” or “SEC”), for its Complaint against Defendant Consensys Software Inc. (“Consensys”), alleges as follows: SUMMARY 1. Since 2016, Consensys has developed and operated a suite of crypto asset-related services under the brand “MetaMask.” Consensys markets itself as a leader and innovator in the crypto asset industry, but certain products that Consensys offers its customers perform age-old functions: (1) brokering securities transactions for retail investors and (2) engaging in the offer and sale of securities. 2. Consensys violated the federal securities laws by failing to register as a broker and failing to register the offer and sale of certain securities, thereby depriving investors of crucial protections that those laws afford. Since October 2020, Consensys has acted as an unregistered broker of crypto asset securities through its MetaMask Swaps service. Since January 2023, Consensys has engaged in the unregistered offer and sale of securities in the form of crypto asset staking programs, and acted as an unregistered broker, through its MetaMask Staking service. By its conduct as an unregistered broker, Consensys has collected over $250 million in fees. 3. MetaMask Swaps is a digital platform that brokers transactions in crypto asset securities on behalf of MetaMask Swaps users—including retail investors in crypto asset securities. As its name suggests, through “MetaMask Swaps,” Consensys effects the exchange of one crypto asset for another on the investor’s behalf. Consensys solicits potential investors in crypto asset securities, holds itself out as a place to buy and sell crypto assets (which include crypto asset securities), recommends trades with—as Consensys itself puts it—the “best” value, accepts investor orders, routes investor orders, handles customers assets, carries out trading parameters and instructions on the customer’s behalf, and receives transaction-based compensation. 4. MetaMask Swaps functions as follows. An investor enters the name and amount of the crypto asset that they wish to sell, as well as the name of the crypto asset that they wish to buy in return. MetaMask Swaps then pulls available rates for the requested exchange from a Consensyscurated group of execution venues and other third-party liquidity providers (referred to herein as “third-party liquidity providers”) and displays those rates to the investor, highlighting the option that Consensys deems “best.” With one additional click by the investor, MetaMask Swaps performs the functions necessary to effect the trade, on the investor’s behalf, with the third-party liquidity provider. As described in further detail below, Consensys’s software routes the investor’s order by transferring their asset and trading instructions through Consensys’s own smart contracts on the blockchain, which interface with third-party liquidity providers on the investor’s behalf. As is typically the case in traditional securities markets, the investor here never interacts directly with the third party; all investor interactions are directly with Consensys’s platform. And Consensys collects a fee on most transactions. 5. Since 2020, through MetaMask Swaps, Consensys has brokered over 36 million crypto asset transactions—including at least 5 million transactions in crypto asset securities—between investors, on one hand, and third-party liquidity providers (such as purportedly “decentralized” crypto asset trading platforms and market makers) on the other. 6. In addition to operating as an unregistered broker with respect to MetaMask Swaps, Consensys performs another traditional function of the securities market: offering and selling securities. Specifically, Consensys has offered and sold tens of thousands of securities for two issuers: Lido and Rocket Pool. By this conduct, Consensys acts as an underwriter of those securities and participates in the key points of their distribution. 7. Lido and Rocket Pool each offer what are commonly referred to as “liquid staking” programs. “Staking,” in the context of a blockchain network, refers to the commitment of the native crypto asset of the blockchain (in the case of the Ethereum blockchain, for example, ether or “ETH”) in order to act as a “validator” of transactions recorded on that network. Blockchain validators perform certain functions to earn rewards in the form of additional tokens and, when selected, proposing new blocks to the blockchain. Lido and Rocket Pool offer an investment program known as a “staking program,” centered around this feature of the Ethereum blockchain. In essence, Lido and Rocket Pool each pool ETH contributed by investors and stakes it on the blockchain, using their technological expertise to earn returns that the typical investor would not be able to earn on their own. Upon receipt of an investor’s ETH, Lido and Rocket Pool issue the investor a new crypto asset in return—stETH or rETH, respectively—representing the investor’s pro-rata interest in the staking pool and its rewards. Lido and Rocket Pool refer to their staking programs as “liquid” because investors’ interests in the programs—represented by the stETH and rETH tokens—are tradable on the secondary market, thereby providing investors a mechanism to exit their investment position, whereas tokens staked directly on the blockchain cannot be easily accessed while they are staked. 8. The Lido and Rocket Pool staking programs are each offered and sold as investment contracts and, therefore, securities. Specifically, as described in more detail below, investors make an investment of ETH in a common enterprise with a reasonable expectation of profits from the managerial efforts of Lido and Rocket Pool, respectively. Yet, neither Lido nor Rocket Pool has filed a registration statement with the Commission for the offer and sale of these investment contracts. 9. Consensys, for its part, brokers and also offers and sells these securities in unregistered transactions through its “MetaMask Staking” platform. By soliciting investors to participate in the Lido and Rocket Pool staking programs and by acting as an intermediary between Lido and Rocket Pool, on one hand, and investors in their respective staking programs on the other, Consensys was an integral part of the distribution of these securities. Indeed, Consensys developed and deployed MetaMask Staking for the specific purpose of offering and selling the Lido and Rocket Pool staking program investment contracts. Consensys solicits investments in the Lido and Rocket Pool staking programs through “MetaMask Staking.” When an investor makes a request to invest with Lido or Rocket Pool via MetaMask Staking, Consensys transfers the ETH to Lido or Rocket Pool on the investor’s behalf and transfers newly issued stETH or rETH from Lido or Rocket Pool to the investor’s MetaMask Wallet (a Consensys-developed software application for storing investors’ crypto assets, as explained below). MetaMask Staking investors never interact directly with Lido or Rocket Pool; all investor interactions are directly with Consensys’s platform. 10. Despite performing brokerage functions, Consensys has not registered as a broker with the Commission, in violation of the federal securities laws. As further explained below, those provisions mandate transparency, including the disclosure of conflicts of interest, so that investors receive information necessary to make informed investment decisions. Registration also requires broker-dealers to comply with applicable financial responsibility requirements that protect customers and other market participants. 11. Consensys’s unregistered offer and sale of the Lido and Rocket Pool securities, as to which it also acts as an unregistered broker, violates the federal securities laws. It deprives investors of the protections afforded to them by the federal securities laws. Indeed, registration statements provide investors with material information about the securities offering and the issuer’s business and financial condition, so that investors can make informed investment decisions. 12. With MetaMask Swaps and MetaMask Staking, Consensys has inserted itself into the U.S. securities markets, yet failed to act in accordance with the provisions of the federal securities laws to which it is subject and that exist to protect investors. Continue Reading Here. Continue Reading Here . Here About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener.com

Crypto Giant Consensys Violated Securities Laws, SEC Claims

SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part of this filing here. This is the table of links with all parts. Case Number: 23–939 Plaintiffs: Securities and Exchange Commission Defendant: Consensys Software INC. Filing Date: June 28, 2024 Location: United States District Court Eastern District of New York Table of Content Summary Violations Nature of the Proceedings and Relief Sought Jurisdiction and Venue Defendants and Other Relevant Entities FACTS I. BACKGROUND A. Statutory and Legal Framework B. Crypto Assets C. Consensys and MetaMask II. THROUGH THE METAMASK SWAPS PLATFORM, CONSENSYS PROVIDES BROKERAGE SERVICES TO U.S. INVESTORS A. Consensys Solicits Investors And Holds Itself Out As A Place To Buy and Sell Crypto Asset Securities Through Its MetaMask Swaps Brokerage Service B. Consensys Effects Transactions for MetaMask Swaps Investors. III. THE CRYPTO ASSETS “SWAPPED” THROUGH THE METAMASK SWAPS PLATFORM INCLUDE ASSETS THAT ARE OFFERED AND SOLD AS SECURITIES. A. MATIC B. MANA C. CHZ D. SAND E. LUNA IV. CONSENSYS, THROUGH METAMASK STAKING, ENGAGED IN THE UNREGISTERED OFFER AND SALE OF LIDO’S AND ROCKET POOL’S STAKING PROGRAMS, WHICH ARE SECURITIES A. Background: Staking B. Liquid Staking Pool Providers: Lido and Rocket Pool C. Consensys—through MetaMask Staking—Offers and Sells the Lido and Rocket Pool Investment Contracts. V. CONSENSYS WAS REQUIRED TO, BUT DID NOT, REGISTER AS A BROKER WITH RESPECT TO METAMASK SWAPS VI. CONSENSYS ALSO ACTS AS A BROKER WITH RESPECT TO THE LIDO AND ROCKET POOL INVESTMENT CONTRACTS. FIRST CLAIM FOR RELIEF - Violation of Exchange Act Section 15(a) SECOND CLAIM FOR RELIEF - Violations of Securities Act Sections 5(a) and 5(c) Prayer for Relief Jury Demand About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings.
This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part of this filing here. This is the table of links with all parts. SEC v. Consensys Software Inc. Court Filing, retrieved on June 28, 2024, is part of HackerNoon’s Legal PDF Series . You can jump to any part of this filing here . This is the table of links with all parts. HackerNoon’s Legal PDF Series here Case Number: 23–939 Case Number: Plaintiffs: Securities and Exchange Commission Plaintiffs: Defendant: Consensys Software INC. Defendant: Filing Date: June 28, 2024 Filing Date: Location: United States District Court Eastern District of New York Location: Table of Content Summary Summary Violations Violations Nature of the Proceedings and Relief Sought Nature of the Proceedings and Relief Sought Jurisdiction and Venue Jurisdiction and Venue Defendants and Other Relevant Entities Defendants and Other Relevant Entities FACTS FACTS I. BACKGROUND I. BACKGROUND A. Statutory and Legal Framework A. Statutory and Legal Framework B. Crypto Assets B. Crypto Assets C. Consensys and MetaMask C. Consensys and MetaMask II. THROUGH THE METAMASK SWAPS PLATFORM, CONSENSYS PROVIDES BROKERAGE SERVICES TO U.S. INVESTORS II. THROUGH THE METAMASK SWAPS PLATFORM, CONSENSYS PROVIDES BROKERAGE SERVICES TO U.S. INVESTORS II. THROUGH THE METAMASK SWAPS PLATFORM, CONSENSYS PROVIDES BROKERAGE SERVICES TO U.S. INVESTORS A. Consensys Solicits Investors And Holds Itself Out As A Place To Buy and Sell Crypto Asset Securities Through Its MetaMask Swaps Brokerage Service A. Consensys Solicits Investors And Holds Itself Out As A Place To Buy and Sell Crypto Asset Securities Through Its MetaMask Swaps Brokerage Service B. Consensys Effects Transactions for MetaMask Swaps Investors. B. Consensys Effects Transactions for MetaMask Swaps Investors. III. THE CRYPTO ASSETS “SWAPPED” THROUGH THE METAMASK SWAPS PLATFORM INCLUDE ASSETS THAT ARE OFFERED AND SOLD AS SECURITIES. III. THE CRYPTO ASSETS “SWAPPED” THROUGH THE METAMASK SWAPS PLATFORM INCLUDE ASSETS THAT ARE OFFERED AND SOLD AS SECURITIES. III. THE CRYPTO ASSETS “SWAPPED” THROUGH THE METAMASK SWAPS PLATFORM INCLUDE ASSETS THAT ARE OFFERED AND SOLD AS SECURITIES. A. MATIC A. MATIC B. MANA B. MANA C. CHZ C. CHZ D. SAND D. SAND E. LUNA E. LUNA IV. CONSENSYS, THROUGH METAMASK STAKING, ENGAGED IN THE UNREGISTERED OFFER AND SALE OF LIDO’S AND ROCKET POOL’S STAKING PROGRAMS, WHICH ARE SECURITIES IV. CONSENSYS, THROUGH METAMASK STAKING, ENGAGED IN THE UNREGISTERED OFFER AND SALE OF LIDO’S AND ROCKET POOL’S STAKING PROGRAMS, WHICH ARE SECURITIES A. Background: Staking A. Background: Staking B. Liquid Staking Pool Providers: Lido and Rocket Pool B. Liquid Staking Pool Providers: Lido and Rocket Pool C. Consensys—through MetaMask Staking—Offers and Sells the Lido and Rocket Pool Investment Contracts. C. Consensys—through MetaMask Staking—Offers and Sells the Lido and Rocket Pool Investment Contracts. V. CONSENSYS WAS REQUIRED TO, BUT DID NOT, REGISTER AS A BROKER WITH RESPECT TO METAMASK SWAPS V. CONSENSYS WAS REQUIRED TO, BUT DID NOT, REGISTER AS A BROKER WITH RESPECT TO METAMASK SWAPS V. CONSENSYS WAS REQUIRED TO, BUT DID NOT, REGISTER AS A BROKER WITH RESPECT TO METAMASK SWAPS VI. CONSENSYS ALSO ACTS AS A BROKER WITH RESPECT TO THE LIDO AND ROCKET POOL INVESTMENT CONTRACTS. VI. CONSENSYS ALSO ACTS AS A BROKER WITH RESPECT TO THE LIDO AND ROCKET POOL INVESTMENT CONTRACTS. VI. CONSENSYS ALSO ACTS AS A BROKER WITH RESPECT TO THE LIDO AND ROCKET POOL INVESTMENT CONTRACTS. FIRST CLAIM FOR RELIEF - Violation of Exchange Act Section 15(a) FIRST CLAIM FOR RELIEF - Violation of Exchange Act Section 15(a) SECOND CLAIM FOR RELIEF - Violations of Securities Act Sections 5(a) and 5(c) SECOND CLAIM FOR RELIEF - Violations of Securities Act Sections 5(a) and 5(c) Prayer for Relief Prayer for Relief Jury Demand Jury Demand About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. About HackerNoon Legal PDF Series: We bring you the most important technical and insightful public domain court case filings. This court case retrieved on June 28, 2024, storage.courtlistener.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction. storage.courtlistener.com

SEC Sues Consensys Over Alleged Unregistered Brokerage Services

SSV Network, a distributed validator platform for Ethereum, has reached a significant milestone of 1 million ETH staked on its network. This development marks a notable advancement in the Ethereum staking ecosystem, potentially enhancing the blockchain's overall security and decentralization. Key Points: SSV Network now holds over $3 billion in total value locked (TVL)
Nearly 30,000 validators and more than 700 node operators are active on the network
Approximately $1.2 billion of the total TVL comes from partners in the restaking ecosystem The protocol, which went live in December 2023, allows for the distribution of validator duties across multiple node operators. This approach aims to increase resilience, uptime, and decentralization of the Ethereum network. SSV Network's distributed validator technology (DVT) enables the geographical distribution of Ethereum validator nodes across multiple machines and components. This design offers users greater flexibility and resilience compared to traditional non-DVT staking platforms. The platform has attracted integrations from several prominent players in the crypto space, including Lido Finance, Ether.fi, P2P.org, and Renzo. SSV Network has announced plans to reduce hardware requirements for node operators by 75-90% over the next 12 months. This initiative aims to address the current trend of increasing hardware costs, which have risen from the recommended 4-core CPU to 8-core. The achievement of 1 million ETH staked on SSV Network represents a significant vote of confidence in distributed validator technology. This milestone could have several implications for the broader Ethereum ecosystem: Final Thoughts SSV Network's achievement of 1 million ETH staked represents a significant milestone in the Ethereum ecosystem, potentially enhancing network security and decentralization through distributed validator technology (DVT). This development could reshape the staking landscape, promoting innovation and improved services. However, the long-term implications for Ethereum's performance and security remain to be fully understood, particularly in terms of scalability, regulatory considerations, and interaction with future Ethereum upgrades. As with any emerging technology in the rapidly evolving blockchain space, cautious optimism is warranted. While the potential benefits of DVT are promising, ongoing research, real-world testing, and careful monitoring will be crucial to assess its true impact. The industry will need to navigate challenges in user adoption, education, and potential regulatory scrutiny as this technology matures. Ultimately, the success of SSV Network and similar platforms will depend on their ability to deliver on the promise of enhanced security and decentralization while adapting to the changing needs of the Ethereum ecosystem. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. SSV Network , a distributed validator platform for Ethereum, has reached a significant milestone of 1 million ETH staked on its network. This development marks a notable advancement in the Ethereum staking ecosystem, potentially enhancing the blockchain's overall security and decentralization. SSV Network Key Points: SSV Network now holds over $3 billion in total value locked (TVL) Nearly 30,000 validators and more than 700 node operators are active on the network Approximately $1.2 billion of the total TVL comes from partners in the restaking ecosystem SSV Network now holds over $3 billion in total value locked (TVL) Nearly 30,000 validators and more than 700 node operators are active on the network Approximately $1.2 billion of the total TVL comes from partners in the restaking ecosystem The protocol, which went live in December 2023, allows for the distribution of validator duties across multiple node operators. This approach aims to increase resilience, uptime, and decentralization of the Ethereum network. SSV Network's distributed validator technology (DVT) enables the geographical distribution of Ethereum validator nodes across multiple machines and components. This design offers users greater flexibility and resilience compared to traditional non-DVT staking platforms. The platform has attracted integrations from several prominent players in the crypto space, including Lido Finance, Ether.fi , P2P.org , and Renzo. Ether.fi P2P.org SSV Network has announced plans to reduce hardware requirements for node operators by 75-90% over the next 12 months. This initiative aims to address the current trend of increasing hardware costs, which have risen from the recommended 4-core CPU to 8-core. The achievement of 1 million ETH staked on SSV Network represents a significant vote of confidence in distributed validator technology. This milestone could have several implications for the broader Ethereum ecosystem: Final Thoughts SSV Network's achievement of 1 million ETH staked represents a significant milestone in the Ethereum ecosystem, potentially enhancing network security and decentralization through distributed validator technology (DVT). This development could reshape the staking landscape, promoting innovation and improved services. However, the long-term implications for Ethereum's performance and security remain to be fully understood, particularly in terms of scalability, regulatory considerations, and interaction with future Ethereum upgrades. As with any emerging technology in the rapidly evolving blockchain space, cautious optimism is warranted. While the potential benefits of DVT are promising, ongoing research, real-world testing, and careful monitoring will be crucial to assess its true impact. The industry will need to navigate challenges in user adoption, education, and potential regulatory scrutiny as this technology matures. Ultimately, the success of SSV Network and similar platforms will depend on their ability to deliver on the promise of enhanced security and decentralization while adapting to the changing needs of the Ethereum ecosystem. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: business blogging program business blogging program

SSV Network Reshapes Ethereum Security with $3B in TVL

SSV নেটওয়ার্ক TVL-এ $3B দিয়ে Ethereum সিকিউরিটি রিশেপ করে৷

SSV Network gestaltet die Ethereum-Sicherheit mit 3 Milliarden US-Dollar in TVL neu

SSV Network remodela la seguridad de Ethereum con $3 mil millones en TVL

Le réseau SSV remodèle la sécurité d'Ethereum avec 3 milliards de dollars en TVL

एसएसवी नेटवर्क ने 3 बिलियन डॉलर के टीवीएल के साथ एथेरियम सुरक्षा को नया रूप दिया

SSV ネットワークが 30 億ドルの TVL でイーサリアムのセキュリティを再構築

SSV 네트워크, TVL 30억 달러로 이더리움 보안 재편

Rede SSV remodela a segurança Ethereum com US$ 3 bilhões em TVL

Сеть SSV меняет безопасность Ethereum с помощью TVL на 3 миллиарда долларов

SSV Ağı, TVL'de 3 Milyar Dolar ile Ethereum Güvenliğini Yeniden Şekillendiriyor

Mạng SSV định hình lại bảo mật Ethereum với 3 tỷ USD TVL

SSV 网络通过 30 亿美元的 TVL 重塑以太坊安全性

**SINGAPORE, Singapore, July 2nd, 2024/Chainwire/--**SynFutures, the onchain perp protocol for listing and trading any asset, is now live on Coinbase's L2 network Base. Users can now trade and provide liquidity on SynFutures V3 via Base while earning SynFutures' Oyster Odyssey (O_O) points. Additionally, SynFutures will release a series of new listings over the next several weeks as part of Meme Perp Summer. a six-week campaign blitz to expand community asset listings and reward meme communities on Layer 2. SynFutures' multichain expansion to Base comes as SynFutures V3 on Blast surpasses $100 billion in cumulative trading volume in less than four months, cementing it as the top perpetual DEX across all chains and one of the most active DeFi dApps in Web3. With its industry-leading Oyster AMM, which combines a concentrated liquidity model and an onchain orderbook, SynFutures aims to bring the ultimate onchain futures and perps experience for any asset to the Base ecosystem. Launch Partners and Meme Perp Summer SynFutures has teamed up with some of the top projects in the space, listing tokens from SocialFi giant Degen and Web3 gaming protocol Iskra, among others, to kick off Meme Perp Summer. Among the new asset pairs are: $DEGEN/WETH
$CHOMP/WETH
$BOOMER/WETH
$ISK/WETH In addition to popular memecoins, SynFutures will list liquid staking derivatives (LSD) assets and liquid staking tokens (LRTs), crucial in bringing liquidity and organic yield to the onchain space. Listed LSD and LRT asset pairs include: wstETH/ETH from Lido
weETH/ETH from ether.fi
wrsETH/ETH from Kelp DAO SynFutures is utilizing Chainlink, a decentralized blockchain oracle network, to provide integral price oracle infrastructure for our deployment on Base. Fee Promotion for Major Asset Pairs As part of Meme Perp Summer, SynFutures is launching a limited-time promotion across all networks on major pairs, such as the BTC and ETH pairs. Starting on July 1, 2024, SynFutures team is reducing the trading (taker) fee for major pairs from 3 basis points (bps) to just 2 bps. Additionally, to simplify the trading experience, all traders will enjoy the benefits of the highest-level VIP fee during this promotional period. Expansion of Oyster Odyssey Points SynFutures also reaffirms to Blast users that the O_O points gained during the Blast Season will not be diluted by the Base launch. The overall pool has been increased. Rewards distributed on Base will be separate from and in addition to those on Blast. About SynFutures SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and Permissionless Onchain Orderbook. Backed by top investors like Pantera, Polychain, Standard Crypto, Hashkey, and more, SynFutures has processed more than $100 billion in trading volume since its launch in 2021. Users can learn more by visiting: Website | YouTube | X | Discord | Telegram | Github Contact Mark Lee mark.lee@synfutures.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **SINGAPORE, Singapore, July 2nd, 2024/Chainwire/--**SynFutures, the onchain perp protocol for listing and trading any asset, is now live on Coinbase's L2 network Base. Users can now trade and provide liquidity on SynFutures V3 via Base while earning SynFutures' Oyster Odyssey (O_O) points. Additionally, SynFutures will release a series of new listings over the next several weeks as part of Meme Perp Summer. a six-week campaign blitz to expand community asset listings and reward meme communities on Layer 2. Meme Perp Summer. Meme Perp Summer. SynFutures' multichain expansion to Base comes as SynFutures V3 on Blast surpasses $100 billion in cumulative trading volume in less than four months, cementing it as the top perpetual DEX across all chains and one of the most active DeFi dApps in Web3. With its industry-leading Oyster AMM , which combines a concentrated liquidity model and an onchain orderbook, SynFutures aims to bring the ultimate onchain futures and perps experience for any asset to the Base ecosystem. top perpetual DEX top perpetual DEX Oyster AMM Oyster AMM Launch Partners and Meme Perp Summer SynFutures has teamed up with some of the top projects in the space, listing tokens from SocialFi giant Degen and Web3 gaming protocol Iskra, among others, to kick off Meme Perp Summer. Among the new asset pairs are: $DEGEN/WETH $CHOMP/WETH $BOOMER/WETH $ISK/WETH $DEGEN/WETH $CHOMP/WETH $BOOMER/WETH $ISK/WETH In addition to popular memecoins, SynFutures will list liquid staking derivatives (LSD) assets and liquid staking tokens (LRTs), crucial in bringing liquidity and organic yield to the onchain space. Listed LSD and LRT asset pairs include: wstETH/ETH from Lido weETH/ETH from ether.fi wrsETH/ETH from Kelp DAO wstETH/ETH from Lido weETH/ETH from ether.fi wrsETH/ETH from Kelp DAO SynFutures is utilizing Chainlink, a decentralized blockchain oracle network, to provide integral price oracle infrastructure for our deployment on Base. Fee Promotion for Major Asset Pairs As part of Meme Perp Summer, SynFutures is launching a limited-time promotion across all networks on major pairs, such as the BTC and ETH pairs. Starting on July 1, 2024, SynFutures team is reducing the trading (taker) fee for major pairs from 3 basis points (bps) to just 2 bps. Additionally, to simplify the trading experience, all traders will enjoy the benefits of the highest-level VIP fee during this promotional period. Expansion of Oyster Odyssey Points SynFutures also reaffirms to Blast users that the O_O points gained during the Blast Season will not be diluted by the Base launch. The overall pool has been increased. Rewards distributed on Base will be separate from and in addition to those on Blast. About SynFutures SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and Permissionless Onchain Orderbook. Backed by top investors like Pantera, Polychain, Standard Crypto, Hashkey, and more, SynFutures has processed more than $100 billion in trading volume since its launch in 2021. Users can learn more by visiting: Website | YouTube | X | Discord | Telegram | Github Website Website YouTube YouTube X X Discord Discord Telegram Telegram Github Github Contact Mark Lee mark.lee@synfutures.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

SynFutures V3 Goes Live On Base, Launches Meme Perp Summer

June 26, 2024— DeltaPrime, a decentralized borrowing and investing platform, is thrilled to announce their Token Generation Event (TGE) on Uniswap and Trader Joe. The TGE marks another innovation in crypto with the launch of the $PRIME and $sPRIME tokens on July 1st, 2024. Born in the bear market and operating on the Arbitrum and Avalanche networks, DeltaPrime’s inventive tokenomics design focuses on stable growth of its liquidity pools, as well as enhanced community rewards and governance capabilities. Community-minded and transparent, DeltaPrime has developed a novel protocol with outstanding security measures for trustless, undercollateralized borrowing of crypto assets to be used for trading, yield farming, and liquidity providing on other whitelisted protocols. Protocol revenue in Q1 this year exceeded $1.5M, and the community Seed round of ColonyLab was notably 58% oversubscribed, demonstrating strong investor confidence in DeltaPrime’s vision and execution. Additionally, a significant LTIPP grant of 750,000 ARB, the same size as those received by well-established platforms like Lido and Aave, highlights DeltaPrime’s emerging stature and reliability in the DeFi space. But unlike Aave, DeltaPrime propels the DeFi industry from the overcollateralized past to the future of undercollateralized crypto loans. By launching $PRIME and $sPRIME, DeltaPrime preserves its sustainable business model while also rewarding and steadily transitioning governance to its biggest supporter, its community. Revolutionizing DeFi: Advanced Trading and Governance $PRIME and $sPRIME empower users by providing enhanced trade and LP capabilities utilizing idle capital and robust governance structures, setting new standards for participation and profitability in the decentralized finance (DeFi) landscape. $PRIME, the primary tradable token of the DeltaPrime ecosystem, is integral to the platform’s liquidity framework. As a versatile ERC20 token, $PRIME can be traded on open markets, utilized in liquidity pools on decentralized exchanges (DEXs), and transferred between entities, facilitating seamless market interactions. $PRIME Means Community. Unique to $PRIME is its role in creating $sPRIME through liquidity pairings, such as PRIME-AVAX or PRIME-ETH, embedding it deeply within DeltaPrime's operational and governance mechanisms. Contribution to the LP is simplified through the DeltaPrime app, making $sPRIME acquisition a breeze. $sPRIME marks a significant innovation in the realm of DeFi governance and revenue sharing. This LP-token serves as a utility token within the DeltaPrime ecosystem and also as a vehicle for governance, enabling holders to actively participate in decision-making processes. $sPRIME holders that support the platform’s growth enjoy the dual benefits of influencing the platform’s direction and contributing to- and sharing in its financial success, which notably amassed $1.65 million in Q1 of 2024. Of the protocol’s total revenue, 33% goes to active $sPRIME holders, 33% to the treasury for further development, and 33% to the protocol’s insurance funds. $PRIME emissions are dynamically calibrated based on current market conditions to ensure economic stability and sustainable growth. This adaptive supply strategy helps stabilize $PRIME’s value during market fluctuations, with mechanisms in place to increase supply during high demand and initiate buybacks when demand wanes. $PRIME is not a stablecoin however, and therefore is susceptible to price variations based on its supply and demand. $sPRIME stands out by being the first concentrated LP-token used as a platform’s main currency, next to generating governance power. The token becomes ‘active’ by keeping the underlying liquidity centered around the current price, increasing its value to those that support the platform’s growth. DeltaPrime Leads with Community-Driven Governance At the heart of DeltaPrime’s approach is a commitment to transparency and a governance model that places decision-making directly in the hands of its users. $sPRIME holders that contribute to the platform’s growth do not only receive a staggering 33% of the protocol's revenue, but they also gain voting rights that shape the platform's policies and direction. A user receives governance points by holding a 10:1 ratio of $sPRIME to protocol usage, either as a borrower or lender on the platform. This democratic process ensures that every decision reflects the collective will of those who use the platform, fostering a truly decentralized governance structure made up of active DeltaPrime users. Prioritizing Security DeltaPrime prioritizes the security of user funds above all. This commitment to security, coupled with DeltaPrime's strategic expansion, has solidified its position as a reliable and enduring presence in the DeFi landscape. To mitigate inherent risks, DeltaPrime has established a comprehensive suite of safety features designed to protect user assets and maintain the security of the platform: borrowed funds can be used only on whitelisted protocols and tokens, users can’t run away without repaying the loan, and there is insolvency protection through liquidation bots that oversee loan health.Gearing up for its 7th successful audit, DeltaPrime from market manipulation and exploits, and, in the unlikely event that multiple on-chain checks miss an issue, an insurance fund covers any affected depositors. DeltaPrime remains fully committed to providing a secure and reliable platform for all users today and in the future. About DeltaPrime DeltaPrime  is your prime broker on a mission to unlock the full potential of DeFi. They do this by providing secure undercollateralized loans, with a focus on maximum capital efficiency. Being built on the foundations of Avalanche and Arbitrum, their Prime Account holders know they get fast and reliable transactions for their most important investments. Built on its inventive Diamond Beacon Proxy pattern, DeltaPrime’s escrow smart contracts are infinitely scalable and allow the platform to sustain the quickest turnaround of integrations in the DeFi space. Learn more: X | Discord | Medium | GitHub This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. June 26, 2024— DeltaPrime, a decentralized borrowing and investing platform, is thrilled to announce their Token Generation Event (TGE) on Uniswap and Trader Joe. The TGE marks another innovation in crypto with the launch of the $PRIME and $sPRIME tokens on July 1st, 2024. Born in the bear market and operating on the Arbitrum and Avalanche networks, DeltaPrime’s inventive tokenomics design focuses on stable growth of its liquidity pools, as well as enhanced community rewards and governance capabilities. Community-minded and transparent, DeltaPrime has developed a novel protocol with outstanding security measures for trustless, undercollateralized borrowing of crypto assets to be used for trading, yield farming, and liquidity providing on other whitelisted protocols. DeltaPrime DeltaPrime Protocol revenue in Q1 this year exceeded $1.5M, and the community Seed round of ColonyLab was notably 58% oversubscribed, demonstrating strong investor confidence in DeltaPrime’s vision and execution. Additionally, a significant LTIPP grant of 750,000 ARB, the same size as those received by well-established platforms like Lido and Aave, highlights DeltaPrime’s emerging stature and reliability in the DeFi space. But unlike Aave, DeltaPrime propels the DeFi industry from the overcollateralized past to the future of undercollateralized crypto loans. By launching $PRIME and $sPRIME, DeltaPrime preserves its sustainable business model while also rewarding and steadily transitioning governance to its biggest supporter, its community. Revolutionizing DeFi: Advanced Trading and Governance $PRIME and $sPRIME empower users by providing enhanced trade and LP capabilities utilizing idle capital and robust governance structures, setting new standards for participation and profitability in the decentralized finance (DeFi) landscape. $PRIME, the primary tradable token of the DeltaPrime ecosystem, is integral to the platform’s liquidity framework. As a versatile ERC20 token, $PRIME can be traded on open markets, utilized in liquidity pools on decentralized exchanges (DEXs), and transferred between entities, facilitating seamless market interactions. $PRIME Means Community. Unique to $PRIME is its role in creating $sPRIME through liquidity pairings, such as PRIME-AVAX or PRIME-ETH, embedding it deeply within DeltaPrime's operational and governance mechanisms. Contribution to the LP is simplified through the DeltaPrime app, making $sPRIME acquisition a breeze. $sPRIME marks a significant innovation in the realm of DeFi governance and revenue sharing. This LP-token serves as a utility token within the DeltaPrime ecosystem and also as a vehicle for governance, enabling holders to actively participate in decision-making processes. $sPRIME holders that support the platform’s growth enjoy the dual benefits of influencing the platform’s direction and contributing to- and sharing in its financial success, which notably amassed $1.65 million in Q1 of 2024. Of the protocol’s total revenue, 33% goes to active $sPRIME holders, 33% to the treasury for further development, and 33% to the protocol’s insurance funds. $PRIME emissions are dynamically calibrated based on current market conditions to ensure economic stability and sustainable growth. This adaptive supply strategy helps stabilize $PRIME’s value during market fluctuations, with mechanisms in place to increase supply during high demand and initiate buybacks when demand wanes. $PRIME is not a stablecoin however, and therefore is susceptible to price variations based on its supply and demand. $sPRIME stands out by being the first concentrated LP-token used as a platform’s main currency, next to generating governance power. The token becomes ‘active’ by keeping the underlying liquidity centered around the current price, increasing its value to those that support the platform’s growth. DeltaPrime Leads with Community-Driven Governance DeltaPrime Leads with Community-Driven Governance At the heart of DeltaPrime’s approach is a commitment to transparency and a governance model that places decision-making directly in the hands of its users. $sPRIME holders that contribute to the platform’s growth do not only receive a staggering 33% of the protocol's revenue, but they also gain voting rights that shape the platform's policies and direction. A user receives governance points by holding a 10:1 ratio of $sPRIME to protocol usage, either as a borrower or lender on the platform. This democratic process ensures that every decision reflects the collective will of those who use the platform, fostering a truly decentralized governance structure made up of active DeltaPrime users. Prioritizing Security Prioritizing Security DeltaPrime prioritizes the security of user funds above all. This commitment to security, coupled with DeltaPrime's strategic expansion, has solidified its position as a reliable and enduring presence in the DeFi landscape. To mitigate inherent risks, DeltaPrime has established a comprehensive suite of safety features designed to protect user assets and maintain the security of the platform: borrowed funds can be used only on whitelisted protocols and tokens, users can’t run away without repaying the loan, and there is insolvency protection through liquidation bots that oversee loan health. Gearing up for its 7th successful audit, DeltaPrime from market manipulation and exploits, and, in the unlikely event that multiple on-chain checks miss an issue, an insurance fund covers any affected depositors. DeltaPrime remains fully committed to providing a secure and reliable platform for all users today and in the future. About DeltaPrime About DeltaPrime DeltaPrime is your prime broker on a mission to unlock the full potential of DeFi. They do this by providing secure undercollateralized loans, with a focus on maximum capital efficiency. Being built on the foundations of Avalanche and Arbitrum, their Prime Account holders know they get fast and reliable transactions for their most important investments. DeltaPrime DeltaPrime Built on its inventive Diamond Beacon Proxy pattern, DeltaPrime’s escrow smart contracts are infinitely scalable and allow the platform to sustain the quickest turnaround of integrations in the DeFi space. Learn more: X | Discord | Medium | GitHub Learn more: X X Discord Discord Medium Medium GitHu b GitHu This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

DeltaPrime Unveils $PRIME Token

Hey, HackerNoon fam. We have some great news 🎉🎉🎉! The #blockchain-api writing contest, brought to you by dRPC and HackerNoon, is now live! This is an exciting opportunity to win cash prizes when you share well-research insights on blockchain APIs. If you’re a builder, innovator, or just an interested observer of the blockchain industry and its dynamic technologies, then this one is tailor-made for you. Share your stories with the #blockchain-api tag and stand to win a slice of the $1000 prize pool. What to Write About Submissions can cover a variety of topics like: Blockchain API overviews
Your experiences with the dRPC platform
Exploring popular APIs and RPC nodes
Discussing Web3 dApp development
MEV protection
Censorship resistance
Benefits of load balancing systems Need some inspiration to get started?

Check out this writing template for detailed ideas.
See other submissions with the #blockchain-api tag. Important Contest Information

Submissions open: June 12th, 2024
Submissions close: September 12th, 2024 - 11 pm EST
Total prize pool: $1000 (3 winners) About dRPC dRPC is a leading provider of decentralized blockchain APIs and RPC Nodes, serving clients like Instadapp, SushiSwap, Lido, Curve, and 500+ other web3 organizations. Manage APIs easily, let our AI-load balancing system provide the best performance, and save up to 3x in pricing with our pay-as-you-go model on all types of nodes. Multi-chain? We support 65+ blockchains, across 103+ networks. Request a premium gift card for free and experience the power of dRPC today! The #blockchain-api Writing Contest Rules & Guidelines Must be 18+ to enter
You can enter the contest by adding the #blockchain-api tag to your story.
Must create a HackerNoon account. Who Can Enter the Contest? Anyone over the age of 18. There are no location restrictions. Can I Write Under a Pen Name? Yes! You can use your real name on your HN profile, a fake name, or even create a persona to write under. How Long Will the Contest Run? The Contest with run for 3 months, starting on June 12, 2024, and ending on September 12, 2024. Can I submit more than one entry to the contest? Of course! Each story submission shall be considered a new entry into the writing contest. How are the winners selected? After 3 months, we’ll shortlist and announce the top 10 story submissions that receive the most eyeballs (real humans, not bots!).
Next, the shortlisted stories will be voted on by HackerNoon staff.
The top 3 stories with the most votes will be crowned as winners. Remember, the sooner you submit your first story, the higher your chances of winning! ​ Start a draft, or use this template to enter the #blockchain-api writing contest. Hey, HackerNoon fam. We have some great news 🎉🎉🎉! The #blockchain-api writing contest , brought to you by dRPC and HackerNoon, is now live! This is an exciting opportunity to win cash prizes when you share well-research insights on blockchain APIs. #blockchain-api writing contest #blockchain-api writing contest If you’re a builder, innovator, or just an interested observer of the blockchain industry and its dynamic technologies, then this one is tailor-made for you. Share your stories with the #blockchain-api tag and stand to win a slice of the $1000 prize pool. #blockchain-api #blockchain-api What to Write About Submissions can cover a variety of topics like: Submissions can cover a variety of topics like: Blockchain API overviews Your experiences with the dRPC platform Exploring popular APIs and RPC nodes Discussing Web3 dApp development MEV protection Censorship resistance Benefits of load balancing systems Blockchain API overviews Your experiences with the dRPC platform dRPC platform Exploring popular APIs and RPC nodes Discussing Web3 dApp development MEV protection Censorship resistance Benefits of load balancing systems Need some inspiration to get started? Check out this writing template for detailed ideas.
See other submissions with the #blockchain-api tag. Need some inspiration to get started? Need some inspiration to get started? Check out this writing template for detailed ideas. See other submissions with the #blockchain-api tag. Check out this writing template for detailed ideas. writing template writing template See other submissions with the #blockchain-api tag. #blockchain-api #blockchain-api Important Contest Information Submissions open: June 12th, 2024
Submissions close: September 12th, 2024 - 11 pm EST
Total prize pool: $1000 (3 winners) Important Contest Information Important Contest Information Submissions open: June 12th, 2024 Submissions close: September 12th, 2024 - 11 pm EST Total prize pool: $1000 (3 winners) Submissions open: June 12th, 2024 June 12th, 2024 Submissions close: September 12th, 2024 - 11 pm EST September 12th, 2024 - 11 pm EST Total prize pool: $1000 (3 winners) $1000 (3 winners) About dRPC About dRPC dRPC is a leading provider of decentralized blockchain APIs and RPC Nodes, serving clients like Instadapp, SushiSwap, Lido, Curve, and 500+ other web3 organizations. Manage APIs easily, let our AI-load balancing system provide the best performance, and save up to 3x in pricing with our pay-as-you-go model on all types of nodes. Multi-chain? We support 65+ blockchains, across 103+ networks. dRPC Request a premium gift card for free and experience the power of dRPC today! Request a premium gift card for free and experience the power of dRPC today! Request a premium gift card The #blockchain-api Writing Contest Rules & Guidelines The #blockchain-api Writing Contest Rules & Guidelines Must be 18+ to enter You can enter the contest by adding the #blockchain-api tag to your story. Must create a HackerNoon account. Must be 18+ to enter Must be 18+ to enter You can enter the contest by adding the #blockchain-api tag to your story. You can enter the contest by adding the #blockchain-api tag to your story. #blockchain-api #blockchain-api Must create a HackerNoon account. Must create a HackerNoon account . create a HackerNoon account create a HackerNoon account Who Can Enter the Contest? Anyone over the age of 18. There are no location restrictions. Can I Write Under a Pen Name? Yes! You can use your real name on your HN profile, a fake name, or even create a persona to write under. How Long Will the Contest Run? The Contest with run for 3 months, starting on June 12, 2024, and ending on September 12, 2024. Can I submit more than one entry to the contest? Of course! Each story submission shall be considered a new entry into the writing contest. How are the winners selected? After 3 months, we’ll shortlist and announce the top 10 story submissions that receive the most eyeballs (real humans, not bots!). Next, the shortlisted stories will be voted on by HackerNoon staff. The top 3 stories with the most votes will be crowned as winners. After 3 months, we’ll shortlist and announce the top 10 story submissions that receive the most eyeballs (real humans, not bots!). Next, the shortlisted stories will be voted on by HackerNoon staff. The top 3 stories with the most votes will be crowned as winners. Remember, the sooner you submit your first story, the higher your chances of winning! Remember, the sooner you submit your first story, the higher your chances of winning! Remember, the sooner you submit your first story, the higher your chances of winning! ​ Start a draft, or use this template to enter the #blockchain-api writing contest. Start a draft , or use this template to enter the #blockchain-api writing contest. Start a draft Start a draft Start a draft template template #blockchain-api #blockchain-api

Introducing the #blockchain-api Writing Contest by dRPC and HackerNoon

dRPC এবং HackerNoon দ্বারা #blockchain-api লেখার প্রতিযোগিতার প্রবর্তন করা হচ্ছে

Vorstellung des #blockchain-api-Schreibwettbewerbs von dRPC und HackerNoon

Presentamos el concurso de escritura #blockchain-api de dRPC y HackerNoon

Présentation du concours d'écriture #blockchain-api par dRPC et HackerNoon

dRPC और HackerNoon द्वारा #blockchain-api लेखन प्रतियोगिता का परिचय

dRPC と HackerNoon による #blockchain-api ライティング コンテストのご紹介

dRPC와 HackerNoon이 주최하는 #blockchain-api 글쓰기 콘테스트를 소개합니다

Apresentando o concurso de redação #blockchain-api da dRPC e HackerNoon

Представляем конкурс авторов #blockchain-api от dRPC и HackerNoon

dRPC ve HackerNoon'un düzenlediği #blockchain-api Yazma Yarışması ile tanışın

Giới thiệu Cuộc thi viết #blockchain-api của dRPC và HackerNoon

介绍由 dRPC 和 HackerNoon 举办的 #blockchain-api 写作比赛

Maximizing Potential In BNB Staking

বিএনবি স্টেকিং-এ সর্বোচ্চ সম্ভাবনা

Maximierung des Potenzials beim BNB-Staking

Maximizar el potencial en las apuestas de BNB

Maximiser le potentiel du jalonnement BNB

बीएनबी स्टेकिंग में क्षमता को अधिकतम करना

BNBステーキングの可能性を最大限に引き出す

BNB 스테이킹의 잠재력 극대화

Maximizando o potencial no staking de BNB

Максимизация потенциала в ставках BNB

BNB Staking'de Potansiyeli En Üst Düzeye Çıkarma

Tối đa hóa tiềm năng trong việc đặt cược BNB

最大限度地发挥 BNB 质押的潜力

Orca 2: Enhancing Reasoning in Smaller Language Models - Conclusions and References

The Transformer Algorithm with the Lowest Optimal Time Complexity Possible

সম্ভাব্য সর্বনিম্ন সর্বোত্তম সময়ের জটিলতা সহ ট্রান্সফরমার অ্যালগরিদম

Der Transformer-Algorithmus mit der geringstmöglichen optimalen Zeitkomplexität

El algoritmo de transformador con la menor complejidad de tiempo óptima posible

L'algorithme de transformateur avec la complexité temporelle optimale la plus faible possible

सबसे कम संभव इष्टतम समय जटिलता वाला ट्रांसफार्मर एल्गोरिदम

可能な限り最小の時間計算量を実現するトランスフォーマーアルゴリズム

가능한 가장 낮은 최적의 시간 복잡도를 갖는 변환기 알고리즘

O algoritmo do transformador com a menor complexidade de tempo ideal possível

Алгоритм трансформатора с минимально возможной оптимальной временной сложностью

Mümkün Olan En Düşük Optimal Zaman Karmaşıklığına Sahip Transformatör Algoritması

Thuật toán máy biến áp có độ phức tạp thời gian tối ưu thấp nhất có thể

具有最低最优时间复杂度的 Transformer 算法

Enhance Sentiment Analysis with Role-Flipping Multi-LLM Negotiation

Stories, News & Mentions about LIDO

Lido’s Stories on HackerNoon