Thursday, August 11, 2022

KlimaDAO Office Hours | Thursday, Aug 11th, 2022

Inverse Bonds, AKR, and NCT Bonds

In general, the Policy team has been very pleased with the performance of inverse bonds. After strong demand early on, this bond type has been in lower demand over time, which in this case is a positive sign.

The upcoming reduction of the AKR value to 20% could be increased again once bridging on-chain resumes. Also, limited capacity KLIMA-NCT LP bonds are on the horizon and could be added in the near future following a snapshot vote.

Blockchains and Climate Positive Narratives

With the Ethereum merge drawing closer (it is currently scheduled for September), questions arise around the marketing value of a “climate positive” blockchain. Outside of Bitcoin, the carbon footprint of blockchains in general will most likely be negligible.

This should be a positive event in the crypto space as a whole and lead to a more favorable perception of cryptocurrencies in the public eye. Klima will continue to offer offsetting services for all Web3 companies and beyond and, in time, tackle millions of tonnes of historic emissions.

Progress on Sushi

The integration of Klima Infinity into Sushi’s token swaps will begin testing shortly! While writing this new functionality into Sushi’s existing infrastructure, a strong focus on usability with minimal user interference was the target. Users will, for now, have to opt-in to this offsetting feature, which could theoretically be deployed on all chains.

There will be no additional approvals or token submissions necessary. This will help maintain the ease of use of Sushi for veteran users while ensuring that Sushi will be the world’s first completely carbon neutral decentralized exchange.

Klima Project Updates

  • Gold Standard announced a new working group, which includes KlimaDAO, to tackle the challenges of the current carbon markets. Find out more about this promising initiative at https://bit.ly/3AfB8wA!
  • A vote on cleaning up the HFC-23 part of the BCT pool will go live soon. If no other player connected to BCT wants to engage in this activity, the DAO will deploy enough capital to do it itself.
  • The current KYC solution proposed by Klima and Ident.DeFi last week would place the burden of KYC mostly on bridgers. Creating as little friction as possible is the goal in order to incentivize large scale adoption of the carbon market on-chain.

TOP 10 BLOCKCHAIN DEVELOPMENT TOOLS IN 2022

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Blockchain technology is rapidly evolving to create solutions for banking and finance, governance, healthcare, insurance, and shipping. These solutions run on snippets of code popularly known as smart contracts that power these decentralized applications.

Which Is The Most Commonly Used Blockchain?

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When someone asks us, “which blockchain is used the most?” the obvious answer is “Bitcoin.” Bitcoin is indeed the most popular cryptocurrency making the Bitcoin blockchain the most popular across the world.

However, Ethereum is one of the oldest blockchains around and more developers are gravitating towards Ethereum by the day. It is the most established blockchain platform in the world right now.

You can think of popular blockchains like Ethereum to be similar to a giant supercomputer. It is one of the most famous blockchains. Hence most of the new blockchain trends and essential tools we will discuss today will be relevant for Ethereum dApps.

What Are The10 Most Essential Blockchain Development Tools?

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Blockchain trends are always evolving. You can throw out your list of the essential blockchain development tools in 2021 because a new list is finally here.

1. Solidity

It is a dedicated programing language for Ethereum. It is inspired by C++, JavaScript, and Python. Therefore, it is easy to use and designed exclusively for the Ethereum virtual machine.

It is a nascent language. It’s still developing. The team releases a small update almost every two weeks and two major ones per year.

2. Solc

Solc is an Ethereum script compiler. It is a command-line compiler that works to convert Solidity scripts for the Ethereum virtual machine.

You can find two types of Solidity compilers – Solc-js and Solc. While Solc uses C++, Solc-js uses both C++ and JavaScript. Solc-js is slower than Solc, but it enables Pragma and Remix to function.

3. Truffle

Truffle is an Ethereum development framework. It is the ideal testing framework for decentralized applications. Users can use Truffle to inject smart contracts into web apps to develop frond-end Ethereum dApps as well.

Currently, Truffle is testing frameworks that can run automated tests in Solidity, JS, and Typescript.

4. Remix IDE

Remix IDE is an integrated development environment (IDE) that blockchain developers use to compile, test, and debug smart contracts. It allows professional developers to use one intuitive interface for multiple purposes.

It is written in JS, which makes Remix IDE easy to use from any browser. You gain access to a suite of plugins, libraries, and other features for smart contract development.

5. Alchemy NFT API

With the recent trend of NFTs, you may want to create an NFT app. For that, Alchemy NFT API is the ideal tool. Alchemy NFT API is multi-chain compatible. You can use it to develop NFTs on Ethereum, Flow, and Polygon.

6. Thirdweb SDK

The Thirdweb SDK is ideal for building Web3 applications. You can also use the Thirdweb SDK to integrate Web3 features into existing Ethereum dApps. You can further use it to –

  • Create NFT marketplaces
  • Create tokens for community membership
  • Program royalty splits into NFTs
  • Launch NFT drops without using any code

7. Ganache

Ganache is a command-line tool or desktop application that you can use for the deployment of smart contracts on Ethereum. It is indeed user-friendly. You can access debugging information and blockchain data on one intuitive interface.

You can customize multiple elements of Ganache like block times as per the new blockchain trends 2022.

8. Chainlink

Chainlink is the developer-favorite oracle solution. It offers reliable data for smart contracts for multiple blockchains including Ethereum.

Using Chainlink you can connect your blockchain to multiple data feeds including real-world events in real-time.

9. Alchemy Supernode

If you are looking for suitable Supernode providers for professional blockchain development, Alchemy Supernode is the ultimate choice. You can access a fully developed API suite that can interact with the blockchain and receive critical blockchain data.

Alchemy Supernode works with several trending blockchains including Ethereum.

10. MetaMask

Several veteran blockchain developers recommend MetaMask for those working with trending blockchains. You can access this Ethereum wallet through a browser extension as well as a mobile application.

In addition to the expected security features, such as holding ETH, it can inject Web3js APIs to sites. MetaMask can take on other tasks such as reading blockchain data and key management.

What Are The Most Popular Use Cases For Blockchain?

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Although many still associate blockchains with cryptocurrencies only, the use cases for blockchains have evolved considerably over the last few years. Today, blockchain use cases include –

  • Healthcare (secure sharing of medical data)
  • NFT marketplaces
  • Tracking music royalty
  • International payments
  • Retail and eCommerce
  • Finance and banking
  • Monitoring of supply chain and logistics
  • Personal identity security
  • Real estate and property management
  • Heavy industry and management
  • Internet of Things (IoT) operating systems
  • Gaming and in-game purchases
  • Advertising insights
  • Automotive engineering, marketing, and sales

Several industry sectors have adopted new blockchain technology to reduce costs, increase transparency and provide ease of transactions.


Im probably gonna try and borrow 50k from the bank soon

All in on bitcoin. Leave 10k on the table for the repayment (should be around €1000 per month, 60 month repayment from my current bank. If anyone knows better options, let me know!)

Then, I'm gonna lend these bitcoin out back to the bank in 6 years from now and buy myself some land somewhere and design my own house on it. (Almost done with engineering/architecture degree)

Don't get me wrong, I'm stupid, but at the same time I just find it extremely hard to believe that the bottom for bitcoin is sub 15k, and I generally feel another bull market soon, before the halving event even.

FiatMoney is officially going nuts. Rich people are all lending like crazy, so fuck it I'm gonna do it aswel. Throwing it all on bitcoin and then as soon as I 2x I sell the profits to end the loan asap.

What do you guys think?


Does Southwest fly into Jackson Wyoming?

How much does a train ticket cost from Toronto to Kingston?

Overview: Train from Toronto to Kingston, ONnn There are direct train services available. While the average ticket price for this journey costs around $62 (€58), you can find the cheapest train ticket for as low as $43 (€40). via

How many countries The Queen has visited without passport?

Queen Elizabeth Gets to Travel Passport-Free Because of One Specific British Rule. The monarch has traveled to over 115 countries since she's held the throne. via

Does everyone get a ring at Cooperstown?

Each player will receive the Cooperstown Baseball World National Youth Hall of Fame commemorative ring, along with a specially designed New Era Custom fit cap, which your team will design themselves. via

Can you anchor in False Creek?

No anchoring is allowed within the navigable channel in False Creek. In addition, anchored boats must not impede access or egress from any of the ferry docks or marinas in False Creek. via

Is Mesa Verde worth visiting?

The ancestral cliff dwellings at Mesa Verde are some of the best-preserved in all of North America. This on its own makes it a worthwhile visit. But there are also many other unique things to do and see if you're planning a road trip in southern Colorado that will most certainly round out the experience. via

How long is Final Fantasy Mystic Quest?

The game only takes about 10 hours to complete. This is a disappointment for any RPG fan, but with the target audience in mind, it makes sense. via

How much money did Abbott make last year?

Abbott Laboratories annual revenue for 2021 was $43.075B, a 24.47% increase from 2020. Abbott Laboratories annual revenue for 2020 was $34.608B, a 8.48% increase from 2019. Abbott Laboratories annual revenue for 2019 was $31.904B, a 4.34% increase from 2018. via

How long does it take to get to Kodiak Island?

The flight times from Anchorage to Kodiak vary from 50 minutes on the Alaska Airlines Boeing 737 to just over an hour on the Ravn Air DeHavilland Dash 8 turbo prop aircraft. via

Where are Ferrero Rocher originally from?

The Ferrero story began in 1946 with a small factory in the northern Italian town of Alba. Just 20 years later, the firm opened its first operations in the UK and has been committed to providing our consumers with high brands such as Ferrero Rocher, Tic Tac, Nutella and Kinder Surprise ever since. via

Does The Queen use the tube?

Her Majesty The Queen is the only British monarch ever to have travelled on the Tube. In March 1969, The Queen officially opened the Victoria Line of the London Underground, and following the ceremony she took the new line from Oxford Circus to Victoria. via

How long is the walk at the Branson Landing?

The Taneycomo Path, located along the banks of Lake Taneycomo, is a . 75 mile walking path that travels from Sunset to North Beach Park and includes a stretch along the Branson Landing boardwalk. This scenic path is easy to walk and perfect for lake views. via

How do I get the most of the day at Alton Towers?

Eat early or eat late. Promoted Stories. ... Ride during lunch. It goes without saying that a good time to ride is during that peak lunchtime rush. ... Queue close. ... Teenagers/adults without kids. ... Extended queue times. ... The app. ... Late rides. ... Finish the day as far away as possible. via

Do F1 drivers have their own planes?

Many teams, such as Ferrari, have aircraft used by drivers and top management between races. Indeed, only the highest-paid and top-scoring F1 drivers have ever owned aircraft. On longer flights, such as to the Australian Grand Prix, commercial flights are the norm for most drivers even today.May 5, 2022 via

Does Fairmont have an app?

The Fairmont app is available in iTunes now, and for such a fancy app that will probably lead to a lot of spending, it's free. via

What is the name of Woods most successful painting?

  1. American Gothic, 1930. via

Is Virginia Tech d1 basketball?

The Virginia Tech Hokies men's basketball team is an NCAA Division I college basketball team competing in the Atlantic Coast Conference. via

How do most people get around Paris?

The best way to get around Paris is on foot and by metro. The elegant arrondissements are practically made for pedestrians. Still, Paris is very big, so you should take the efficient metro to travel long distances. via

Is it cheaper to take a taxi or Uber from Las Vegas Airport?

Yes, taking an Uber is cheaper than riding in Vegas taxis. We have found that it costs roughly $10 to get to the Strip and around $15 to be taken to downtown Las Vegas. The cost of a taxi ride is roughly double that, so Uber is an excellent choice for the budget-savvy consumer. via

How much does the train cost from London to Paris?

There are normally 14 trains per day traveling from London to Paris and tickets for this journey start from $60.06 when you book in advance.n...nLondon to Paris by train.Journey timeFrom 2h 16mPriceFrom $60.06Distance212 miles (342 km)Frequency14 trains per dayFirst train05:59 via

How many counties are in El Paso?

El Paso County is one of nine counties that comprise the Trans-Pecos region of West Texas.n...nEl Paso County, Texas.El Paso County• Water2.3 sq mi (6 km2) 0.2%Population (2020)• Total865,657• Density850/sq mi (330/km2) via

Is it easy to travel around Naples?

You can easily get around the center of Naples on foot. Many of the roads in Naples' old town are closed to traffic, so walking through the historic streets is a pleasure. via

Which of the following are Java 8 features?

Java 8 provides following features for Java Programming:Lambda expressions,Method references,Functional interfaces,Stream API,Default methods,Base64 Encode Decode,Static methods in interface,Optional class, via

Is Peru expensive to visit?

The Daily Cost of Peru Travelnn As the name already defines it, low-budget travel at $25-30 USD is very low. To get on by that, you'd need to really be holding back: only very basic hostels, cheap set-meals and just local transportation. The mid-budget travel is the most common for all travelers. via

What is the best way to see the White Cliffs of Dover?

The best way to see the cliffs is to take a walk along the coastal path towards South Foreland Lighthouse. You'll get a great view of the cliffs and also see the chalk grassland that's home to so many unusual plants and insects like the chalkhill blue butterfly and the pyramidal orchid. via

How much money do you need for a trip to LA?

How much money will you need for your trip to Los Angeles? You should plan to spend around $192 per day on your vacation in Los Angeles, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, $35 on meals for one day and $33 on local transportation.Jun 2, 2022 via

How much does a trip to Hollywood cost?

The average price of a 7-day trip to Hollywood is $1,676 for a solo traveler, $3,010 for a couple, and $5,643 for a family of 4. Hollywood hotels range from $84 to $368 per night with an average of $131, while most vacation rentals will cost $160 to $1000 per night for the entire home. via

Can I travel to Peru right now?

Domestic Air Travel: Domestic flights are available. However, please confirm with your airline or travel agency before traveling. On March 13, 2021, the Government of Peru suspended COVID-19 testing requirements for domestic air travel. via

What is the closest major airport to Grand Teton National Park?

Closest airports to Grand Teton National Parknn The nearest airport to Grand Teton National Park is Jackson (JAC). via

Does Southwest fly into Jackson Wyoming?

Southwest is pleased to offer service to Jackson-Medgar Wiley Evers International Airport. Whether you choose to explore more of the South or want to hit the East Coast, see where Southwest Airlines flies out of the Crossroads of the South. via

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Ethereum Open Interest Nears All-Time Highs Ahead Of Merge

Data shows the Ethereum open interest has surged up to near all-time high values as the ETH 2.0 merge comes closer.

Ethereum Open Interest Has Sharply Risen Up Recently

As per the latest weekly report from Arcane Research, the ETH open interest in futures and perps has surged up to 4.2 million ETH in recent days.

The “open interest” is an indicator that measures the total amount of Ethereum futures and perps contracts currently open in the market (denominated in ETH). The metric includes both shorts and longs.

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When the value of this indicator is high, it means a large number of contracts are currently open in the market. Such values usually lead to higher volatility in the price of the crypto.

Related Reading: Ethereum Investors Close 300k Long Positions on Bitfinex, Rally To Stop Soon?

On the other hand, low values of the metric suggest many contracts have been closed on the market. This can result in lesser volatility for the coin.

Now, here is a chart that shows the trend in the Ethereum futures and perps open interest over the past year:

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The value of the metric seems to have moved up recently | Source: [Arcane Research's The Weekly Update - Week 31, 2022](https://theweeklyupdate.substack.com/p/renewed-crypto-market-optimism-as?utm_source=%2Fprofile%2F8446596-arcane-research&utm_medium=reader2) As you can see in the above graph, the Ethereum open interest has observed uptrend in the past week and is now near the all-time high value.

The current value is the 2nd highest ever recorded for the indicator, just below the 4.21 million ATH set back on July 14th of this year.

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While the massive hedging amid arbitrage opportunities like Celsius’ bankruptcy was behind the last peak, the report notes that the current rise is likely caused by trading strategies ahead of the 2.0 merge.

Related Reading: Ethereum scaling solution XDC Network presents XDPOS2.0, an enhanced consensus for scalability and forensics.

The ETH futures market is also observing massive discounts at the moment. Normally, high open interest and negative basis like right now lend for the possibility of a short squeeze (an event where short liquidations cascade together due to a sudden swing in price).

But Arcane Research points out that the latest increase in leverage is likely from more conservative risk management, which would mean that any possible short squeeze that might take place currently won’t be too significant.

ETH Price

At the time of writing, Ethereum’s price floats around $1.7k, down 1% in the past week. Over the last month, the crypto has gained 40% in value.

The below chart shows the trend in the price of the coin over the past five days.

Looks like the value of the crypto has come down during the last two days | Source: [ETHUSD on TradingView](https://www.tradingview.com/symbols/ETHUSD/)

Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Arcane Research Original Article

Posted by %% POSTLINK %% First time in %% BLOGLINK %%. appeared.

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WTF Are… Crypto Index Funds?

I was thinking about writing more of these on diff topics (maybe even for trad fi too) - let me know if it's helpful or you have any questions...

WTF Are… Crypto Index Funds?

“Another benefit of using index funds is that it's time efficient. You can read books or go hiking in nature instead of studying sh\tcoin candlesticks.”*

- kas8, YouTube commenter

❓ WTF

Crypto index funds let you invest in the entire crypto market or sub sectors, rather than individual cryptos.

👎 Problem

95% of crypto day traders lose money trying to pick winning cryptos and time entry and exit from the markets (it’s a similar number for stock traders too).

👍 Solution

Invest in crypto index funds to passively capture the ‘average gains’ of the entire crypto market or sub sectors.

✅ Good

✅ Can be very diversified

✅ Fewer transactions means lower taxes

✅ Set and forget

✅ Do as well as the market (or sub sector)

✅ Exposure to top cryptos

✅ Usually collateralised

❌ Bad

❌ Average returns

❌ Won’t beat the market

❌ Longer term time horizon

❌ Exposure to underperforming cryptos too

❌ A bit boring!

🏀 Ballers

Platforms

🏀 Index Coop - actively managed crypto index funds with high Total Value Locked (TVL)

🏀 TokenSets - create your own crypto indexes and invest in community-created ones

🏀 Indexed - passively managed crypto index funds covering various risk levels and sub sectors

🏀 Enzyme Finance - actively managed crypto funds (or ‘vaults’) with open track records and strategies for different risk tolerances

🏀 Babylon Finance - ‘crypto investment clubs’ where people share profits, split fees and make investment decisions together

🏀 PieDAO - community-constructed indexes (or ‘pies’) of various cryptos to share in profits and split fees (also offers ‘vaults’ for generating yield)

🏀 Balancer - automated portfolio manager that rebalances portfolios to keep weightings at selected percentages

🏀 dHEDGE - ‘social asset management’ where you choose an investment manager and automatically follow their strategy

Indexes

🏀 Total Crypto Market Cap Token (TCAP) - single token that gives exposure to the entire crypto market

🏀 DeFi Pulse Index (DPI) - index of popular cryptos in decentralised finance space

🏀 Bankless BED token (BED) - ‘blue chip’ crypto index tracking Bitcoin, Ethereum, and DeFi Pulse Index (DPI) in an equal split (33% each), made by Bankless

🏀 Metaverse Index (MVI) - index of popular cryptos in Metaverse space (virtual reality, games, NFTs, etc.)

🏀 The Ethereum Flexible Leverage Index (ETH2x-FLI) - use your Ethereum as collateral to get 2X leverage (warning: high risk!)

🏀 Bankless DeFi Innovation Index (GMI) - index of smaller, newer, higher-risk tokens in defi space, made by Bankless

🏀 Scarala NFT Index (NFTI) - index tracking performance of popular ‘blue chip’ NFT projects (there’s JPG NFT Index (JPG) too)

🏀 Data Economy Index - index of big-tech disrupting data cryptos (boring but very important projects!)

🔮 Future

🔮 As crypto matures more money will go into crypto index funds (like stocks where indexes make up 40% of the U.S. stock market (page 49) and are predicted to overtake active funds by 2026)

🔮 More and more niche sub-sector indexes will become available, which is already starting with the likes of Metaverse Index (MVI) and Scarala NFT Index (NFTI)

🔮 Crypto indexes will continue to outperform stock indexes because crypto will continue to outperform stocks

🔮 Crypto indexes will be the go to for conservative traditional investors and retirement funds looking for crypto exposure (spoiler, it’s already happening!)

🔮 Widespread adoption of crypto indexes in easy to use apps like Argent will open up crypto index funds to new demographics

🔮 Developments of ‘layer 2’ technologies will reduce already low index transaction fees even more

🔮 The most popular indexes will become blockchain agnostic and be transferable across different blockchains (dHEDGE is already active on Ethereum and its Polygon and Optimism sidechains)

💡 Ideas

💡 Pair with DeFi yield-generating projects to create a crypto version of the traditional bonds and stocks portfolio (could use: Total Crypto Market Cap Token (TCAP) and PoolTogether)

💡 Use ‘blue chip’ indexes as stable base for your crypto portfolio (could use: Bankless BED token (BED))

💡 Help build a crypto index fund by voting on investments and share in the profits (example: Babylon Finance)

💡 Create your own bespoke crypto indexes for personal use or to promote to others (could use: TokenSets)

💡 Use auto-rebalancing protocols to make a long-term ‘set and forget’ portfolio you never have to look at (could use: Balancer)

💡 Invest index tokens into yield generating defi projects to earn extra profit (example: “Scenario 3: Yield Farming” in this article about Total Crypto Market Cap (TCAP))

💡 Invest in an index that covers a sub sector you’re interested in to save time researching individual coins (could use: Metaverse Index (MVI))

☠️ Risks

☠️ Project gets hacked

☠️ Index stops tracking market

☠️ Insufficient liquidity to maintain value

☠️ Underlying collateral loses too much value

☠️ Bugs or other technical failures in code

☠️ Government regulators make new rules (for example, requiring all crypto indexes to be over-collateralised)

☠️ Some underlying index mechanisms could trigger taxable events

😁 Peeps

😁 @MikeTaormina - works at Index Coop and general DeFi preacher

😁 @CryptexFinance - company behind Total Crypto Market Cap Token (TCAP) (they make some fun animations)

😁 @BanklessHQ - tweet about their Bankless BED token (BED) and other crypto opportunities

😁 @bublieth2 - community manager for Index Coop and other Decentralised Autonomous Organisation (DAO) projects

😁 @Scalara_xyz - good insight into philosophy behind crypto index investing

❤️ Fanatics

❤️ “Another benefit of using index funds is that it's time efficient. You can read books or go hiking in nature instead of studying sh\tcoin candlesticks.”*

- kas8, YouTube commenter

❤️ “I would like to add some exposure to the wider crypto market (in particular certain themes) but I don't really want to dedicate time needed to make decisions on individual cryptos. Therefore, I’ve started to look for index tokens that provide either broad market exposure or exposure to specific themes.”

- ozaz1, Reddit comment

❤️ “I'd recommend this, especially the indexes built by Index Coop. The protocol is pretty stable and has a huge amount of value locked in it.”

- crypto-devk, Reddit comment

😠 Grumps

😠 “Hmm I prefer picking the 2 or 3 winners from the top 20 and you're ready! (it's not so difficult) :)”

- NaughtyJackal, YouTube comment

😠 “That could be something for the future. But I think the market is too young and volatile at the moment.”

- TabletopThirteen, Reddit comment

😠 “If we ever got to the point where Vanguard made a crypto index fund, I'd believe they had a real future. So far, no one has managed to convince me they aren't purely speculative.”

  • Misnamed, Reddit comment”

🔗 Links**

🔗 📺 Building A Decentralised Blackrock - Bankless and Index Coop discuss indexes and their Bankless BED token (BED)

🔗 📺 Creating A Crypto Index Fund With Set Protocol - watch a developer make their own crypto index fund step by step

🔗 📖 The Little Book of Common Sense Investing - Jack Bogle - about stock index investing but same ideas can be applied to crypto

🔗 📺 Why are people switching to index funds? - great introductory video to stock index investing, which can also apply to crypto

🔗 📱 Reddit user experiment where they invested $1,000 in top 10 cryptos in 2018 - interesting experiment where someone just buys and holds the top cryptos and reports their results

🔗 📜 Tokenized index funds: A blockchain-based concept and a multidisciplinary research framework - research paper exploring crypto (or “tokenized”) index funds as a solution to ongoing problems in the traditional financial space