Daily Crypto NewsEDITION #381, 05 September 2022

Gem City is looking forward to NFT autumn

Hey Moni Maker 👾

Today the discussion in Gem City has gained momentum again. Half of the citizens are waiting for NFT autumn and are preparing the ETH bags, while the other half think there can be no hopium. Well, let's see...

Follow our Telegram and Twitter to get Gems and News first! And remember...

We appreciate your Time. Time is Moni.

Let’s start our daily show! Guests, come in!

–   

- Arbitrum airdrop     

Have you ever dreamed of a decentralized L2 cross-bridge with low fees and a brisk process? If so, you're lucky! Because we wanna tell you about one.

Orbiter Finance is an L2 bridge with interesting features. For example, there are two roles: sender and creator. The sender initiates the transfer, and the maker provides liquidity. The smart contract, on the other hand, secures this process. If the maker starts shitting, the sender can initiate an arbitrage request to the contract with the maker's margin and then receive excess compensation.

Orbiter Alpha has already launched, which supports cross-swaps between the ETH network, zkSync and Arbitrum. Even zkSync doesn't yet support EVM, but Orbiter has implemented a transfer through zkSync. DYOR via Twitter and the website.

On September 3rd, Decrypt published a fascinating article about SudoSwap and NFT. We thought it would be nice to make TL;DR because the author put his thoughts into it and a couple of cans of hopium. And we'll tell you about SudoSwap itself in #ApeOrHate :) Let's go!  

- DeFi is getting into more and more trouble: gotta say thank you to the Luna and Tornado Cash cases

- Mr Coby, in a tweet, threw some fuel into the lively discussion between crypto cats by calling NFT "altcoins with pictures". Interesting definition.  

- SudoSwap is Uniswap in the NFT world. It could very well turn the NFT game around with its mechanics (more on that in the #AoeOrHate post) 

- The article's author thinks we're in for an NFT Autumn. Well, in analogy to 2020, when there was a Defi Summer.

The article is right here.

⚽️: Telegram and Twitter! And download the Moni app :)