WolfDAO Newsletter - #22
Now earn up to 160% APR with Jones DAO farms! Read more about Coinbase Adds Support for Ledger, Holo (HOT), BuyTheBroncosDAO, LSEG deal, Jambo platform, and other protocol happenings.
Now earn up to 160% APR with Jones DAO farms!
Jones DAO farm is a yield, strategy, and liquidity protocol for options trading, deployed on Arbitrum L2. Jones DAO recently launched its inaugural yield farms to bootstrap JONES tokens by distributing them to early community members. We are focusing on JONES-ETH LP and JONES-USDC LP token farms for this newsletter edition. The latter farm provides up +160% returns, while the former is +120%. However, we are unsure if Jones DAO has been audited. They carry market risks, smart contract risks, impermanent loss risks, and more. People investing should research and only then approach.
Coinbase Adds Support for Ledger Hardware Wallets
The largest crypto exchange in the US has extended the support for Ledger (a popular crypto hardware wallet). Users can now add Ledger wallet integration through the Coinbase wallet browser extension for an additional layer of security.
Coinbase did the right thing as the adoption of Decentralized Finance, Non-Fungible Tokens, and Metaverse is gaining momentum across the globe. "There's no future in Web3 without security at the start of the consumer journey," said Charles Hamel, the vice president of product at Ledger.
The first instances of Coinbase came early in December last year when the platform announced a co-branded crypto debit card. People unaware of hardware wallets can understand them as physical devices designed to store users' private keys offline instead of keeping them online, in so-called hot wallets like those offered by centralized entities such as exchanges.
HOLO (HOT)
Airbnb is a trend in today's generation as people look out for stays that provide them with freedom. The same is with Holo, as it hosts DApps instead of people. Holo is a peer-to-peer distributed platform for hosting decentralized applications (DApps) built using Holochain (open-source framework for creating peer-to-peer applications).
The founders of Holochain were active in creating a sustainable economic model for the open-source project. It helped Holochain create its own business, Holo Ltd., and have that business provide primary sustenance for the foundation. Holo Limited is a cloud hosting company that has received recognition from Forber, Coin Telegraph, Adweek, Cryptoticker, and many others.
Holo boasts of many features other than being a platform for hosting DApps. It is a serverless, connectable, and resilient platform that focuses on data integrity without a global consensus. Holochain is easily configurable as developers can choose their terms and favors scalability as people do not have to pay processing fees.
Holo acts as a bridge between the broader internet and apps built using Holochain. Holo has its ERC-20 token named HoloToken (HOT) that people can convert to HoloFuel during the swap period. It will be exchangeable 1:1 for HoloFuel on the Holo Reserve.
BuyTheBroncosDAO Is Trying to Buy the NFL's Denver Broncos for $4 Billion
DAOs are taking the space by storm as they are trying to spend big by coming together to buy an American football franchise. BuyTheBroncosDAO is up for the challenge of collecting $4 Billion to be successful. "The purpose essentially is to establish an infrastructure so that fans from all walks of life can be owners of the Denver Broncos," said Sean O'Brien, who is spearheading the DAO.
London Stock Exchange acquires cloud-based technology provider Tora in $325M deal
On February 22, 2022, LSEG acquired U.S.-based cloud technology provider Tora for $325 million. The cloud company offers software trading solutions for customers exposed to stocks, forex, fixed income securities, derivatives, and cryptocurrencies. The crypto trading solution linked to Tora is Caspian, which aggregates prices, bid/ask information, orders, positions, accounts, and executions from multiple crypto exchanges and other sources, presenting the information on a single platform.
Jambo raises $7.5 million in seed round funding from prominent investors
A Web3 banking app focused for the African continent has successfully raised $7.5 million in seed round funding from Coinbase Ventures, Polygon Studios, Delphi Ventures, 3 Arrows Capital, Alameda Research, AllianceDAO, and others. The application is also active in educating young people, where 60% of the population is under 24. It has specially launched JamboAcademy for onboarding new users to Web3 and the ambassador program.
AssetMantle launches V2.0 for creators of tomorrow
After rebranding the platform, AssetMantle has launched a one-stop shop for NFTs. It is a one-of-a-kind platform for seamless facilitating commerce of NFTs in 5 minutes or less. It also allows turning anything into an NFT, access to trade room, royalty splits, integrated analytics, batch listing, and minting. AssetMantle brands itself as 'A community first platform for creators and collectors.'
Intel Unveils New Bitcoin Mining Chip and 3,600-Watt Mining Rig
The excitement in Bitcoin miners is evident as Intel shared tech details for the first-generation "Bonanza Mine" (BMZ1) blockchain accelerator chip at International Solid-State Circuits Conference (ISSCC). Intel also unveiled a new 3,600-watt mining rig comprising 300 BMZ1 chips. The BMZ1 chip is specifically designed for mining operations to produce a thousand times better performance at mining, per watt of energy, than a GPU.
Toby Hoenisch, Former Crypto CEO Denies Responsibility for $11 Billion Ethereum DAO Hack
Toby Hoenisch has denied all the allegations against him for stealing an Ethereum stash that today would be worth more than $11 billion. Journalist Laura Shin has accused him of behind the 2016 hack of The DAO—one of the largest cryptocurrency hacks ever. The journalist was actively investigating the movement of funds with blockchain analytics firm Chainalysis, which she says led her to Hoenisch. However, Toby has denied all the allegations in Shin's article.