Daily Crypto NewsEDITION #469, 13 January 2023

Gem City lowers inflation

Hey Moni Maker 👾    

Today, the glorious Gem Hunters went in search of the 100,000th Gem. According to the Gem Economy Center, this Gem will help reduce inflation in the city from 0.2% to 0.1%.

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- no for now 

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And other rhymes for children's matinees. Oh, yeah. The smart and not-so-smart people in suits and ties from the U.S. announced yesterday that inflation slowed to 6.5% in December. This is the minimum since 2021 in October! Inflation was 6.2% then. All other times from 2021 to 2022, inflation has been higher. 

Let's get into the thick of it, shall we? Inflation translates as "bloating" in Latin. If very simply, inflation occurs when smart and not-so-smart uncles and aunts are not particularly skillfully managed with the power they were given - respectively, the rising prices for goods, services and everything come to the house.   

And now it turns out that goods and services are only going up by 6.2%.   

BTC, ETH are green and reacted to yesterday's news with a 3.2% and 2% pump. ETH updated its ATH, i.e. its highest worth, in the last two months and touched $1433. Bitcoin updated its ATH for the month, touching almost $19K. 

So what?   

We're not going to advise you anything; you're not paying us any money. But we think that the market may favourably influence your purse for some time if you do it right. 

There are predictions for the bitcoin to go to 33-35K. Btw, so many opinions we should be less optimistic.   

Your favourite DEX, aka 1inch, is going to entertain your wallet! 

- "So what?". Take it easy, our young Degen. We'll tell you all about it. 

Beefy is a kind of multichain decentralized yield optimiser. It allows users like you to earn compound interest on their crypto assets. 

And that's where 1inch comes in! The 1inch API will now work with ZAP v2 Beefy, which is already available on BNB Chain, Polygon, Optimism, Arbitrum, Fantom, Aurora and Avalanche. 

Long story short, you will now be able to get % from Beefy products using only the coins you have in your wallet. Guide: 
  

- Go to Beefy and select vaults

- Click on "Select Token", then "Deposit", and you'll see the route offered to you by 1inch and Beefy

- Accordingly, you will see estimates of your expenses and income. You can also choose the permissible level of slippage.  

So what about a free January? 

In honour of this action, the guys are launching a promotional party in January. You can use the products without commission. And you can also use Optimism on Beefy - maybe you'll get some from 5 000 OP tokens, which will be distributed by Beefy among...Optimism users on Beefy, everything is evident here. 

1inch TG will tell you more

We have good news for you if you love nature as much as crypto. Not just a game but a whole Greenpeace dream in the Play-to-Plant genre. 

EverForest is a mobile game on the Algorand blockchain. Its point is to grow virtual trees (bushes, flowers, moss, etc.), so the developers promise to plant real trees instead, thus supporting the ecology. So far, the game is in the early testing stage, but the release is promised to roll out as early as this year.

 
What's up:

- Free mobile game, no investment

- You plant, grow, and combine plants

- Experienced team (so they say) with support from eco-activists

- They want to plant 100 million trees by 2025

All in all, it all looks pretty legit and could very well become popular, given the enthusiasm of green activists. Now you can fill out a form for early access to the game, hold a recce and wait for updates. 

DYOR:

- Twitter

- Website

- The early access form

Fuel is a fast, modular blockchain that offers the highest security and flexible throughput. At least, that's what the developers declare. We'll test it all out now, though, and hope for a drop-in.

Preparing:

- Download the archive with the wallet by the link

- Go to Chrome, type chrome://extensions/ in the address bar and press Enter

- Turn on developer mode

- Drag and drop the wallet archive to the Chrome extension page

- Click Create Wallet, save and copy Seed phrase.

- Click Next, paste in Seed phrase and create a password.

- Follow the link, scroll down to Connect button and click on it.

Testing:

- Follow the link

- Click Launch App and Create Wallet

- Pass the captcha and click Give me ETH

- Click Check Box and press Get Swapping

- Swap ETH for DAI (0.1 ETH is ok)

- Go to Pool and add liquidity

- Add and Remove

Done! Now subscribe to Twitter and follow updates. You can also periodically test it one more time.

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