Daily Crypto NewsEDITION #319, 09 June 2022

Gem City to make millionth airdrop

Hey Moni Maker 👾

Today, Gem City DAO has promised to give away another airdrop. Yes, you might think there have been SO many airdrops in the last couple of months. Hmm, that's not true - Gem City Mental Health Centre has stated that in the bear market, every drop reduces depression by about 99%.

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The Walken Beta Testing

1) https://rift.finance/  

Ok, so Evmos has already been talked about. Coslend is the first moni market in the Evmos ecosystem, a lending protocol. All according to plan: you can borrow and lend assets in a decentralized way and, as devs assure, safely. The interest on the delivery and the borrowing is market-determined, and the market backs the loans. The basis, of course, is the well-known Compound. 

Once the Evmos ecosystem becomes mature and has sufficient liquidity, Coslend will begin to support isolated interest pools, creating configurable isolated interest rate money markets of any asset and allowing users to supply and borrow assets. Well, again, the comms will not be like Ethereum but much smaller. 

The beta has already been launched so that you can DYOR by this link

Osmosis is the kind of blockchain in the Cosmos ecosystem that provides the widely used DEX. Today, the network was exposed to an exploit and was stopped as a preventive measure.

Due to a critical error in the liquidity pools, an exploit of around $5,000,000 occurred, after which the network was halted by a decision of the network's developers and validators. Osmosis DEX and its native wallet remain unusable, and the team is now working on releasing a patch.

The vulnerability was first spotted by a user on Reddit, who warned in a now deleted post that if someone adds funds to the Osmosis pool and removes them, the position is somehow increased by 50%.

Such are the pies…

Check here and catch up if you don't know what TempleDAO is. The project has been closely followed in our chat, so we decided to shed some light on updates to the mystery guys. What's new: 

- STAX preview

- Core Vaults: first results of the Peckshield audit are in (all ok for now)

- Codex team prepared an article on Impermanent Loss

- It's time to reward the faithful, airdrop token $FAITH

If you're interested, you can read about each item in detail on their tweets, and don't forget the DYOR is our everything!

If the Kraken Intelligence report is believed, the most pumped tokens in the last year belong to the play-2-earn and metaverse sectors.

Many tokens from very well-known projects in these niches have made 500 and 700 per cent each in just one year. Among them: are MANA, SAND, AXS and GMT. 

Check more here

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