SushiSwap is a decentralized exchange (DEX) that started as a fork of the highly successful Uniswap.
The protocol rewards users for providing liquidity and staking their tokens with a portion of network fees. Token (xSUSHI) holders can also participate in governance through snapshot voting.
The protocol has expanded its suite…
With regulatory stresses compounding, many are looking to decentralized exchanges (DEXs) as an alternative.
However, bringing perpetual and futures markets to DeFi has been tricky. Perpetual Protocol may be part of the answer.
OlympusDAO gained some traction on social media due to the incredibly high APY associated with the protocol.
Naturally, at this early stage of the project, much is uncertain, and one can detect the growth marketing hype from a mile away (looking at those shiny new OHMies NFTs), and we don’t…
If you’re using decentralized lending platforms, you’re likely using Curve without even realizing it. Curve Finance’s main product is its community-governed DEX, and it is the powerhouse of the DeFi aggregator Yearn.finance.
With a daily trading volume of over $1 billion and a total locked value (TVL) of over $7.88…
Head over to CoinMarketCap for the best overview of the global crypto market cap. They don’t have everything, so if you…
More concerning for Mina’s security is that these Archive nodes appear to be in the Google Cloud. As Coin Bureau points out, these issues would make what is already a highly technical project appear as if there is a “magical sleight of hand” going on and suggest that Mina Protocol is neither scalable, secure, or arguably that decentralized.
Revision: While I'll leave this critique here for the archives, the concerns and confusion over Mina Protocol's use of Google Cloud and the archive nodes has been addressed by Evan Shapiro, an O(1) Labs CEO & Mina Foundation Board Member.
In summary, running an archive node is optional to anyone who wishes to run a node, and node operators have free reign to run the nodes on Google Cloud, personal machines, or even durable storage like Arweave.
Evan also addresses the concerns over low through-put (TPS), stating the team chose to focus on optimizing launch time for Mina as one of the first programmable platforms to successfully utilize ZKPs. He says that increasing TPS will come second, and will be rather easy and not take as much time as the former goal.
Data security, network congestion, transaction costs, ease of use, and ease of integration into traditional services have all played a role in limiting progress in cryptocurrencies and fintech in general. But is Mina Protocol up to the task of solving them all?
First, let’s take a 20,000-foot overview of how…