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Golden observation | 7 operations that can be implemented in Layer2



Now that Ethereum is expanding Layer 2, this article will introduce 7 operations that can be implemented in Layer 2. If you haven't been watching the news this week, you probably don't know that Ethereum is scaling. With Layer 2 technologies such as Optimism, ZK-Rollup, and Starkware, you can achieve de-banking while having the security of the Ethereum base layer. The value of Ethereum Layer 2 locked positions has reached billions, and the encrypted natives use this fund every day, making transactions faster, cheaper, and saving a lot of Gas fees. It's worth noting that, like everything in this new field, Layer 2 is still in its early days. Much work remains to be done before scaling solutions can be generalized. But we are pioneers, advancing into unknown territory. Now is the time for us to start exploring Layer 2, which shows a bright future. 7 operations you can implement in Layer 2 Ethereum is the main infrastructure for open applications worldwide. Unfortunately, due to Ethereum's own flaws, using Ethereum is very expensive and slow under conditions of high demand, and the network is constantly evolving, after all, the available block space is limited. In other words, eventually Ethereum will expand on the base layer through Eth2, greatly improving its transaction throughput. Fortunately, we don't need to wait for Eth2 to scale. The immediate solution is through Layer2 scaling. The Layer 2 solution is based on Ethereum, which alleviates the main chain congestion through off-chain operations, but directly relies on the security of Ethereum to confirm blocks and provide near-real-time and low-cost Ethereum transactions, including token transfers and transactions or pledge etc. Golden hot search-zce list: DOGE tops the list: According to the Golden Finance ranking data, in the past 24 hours, DOGE topped the list. The specific top five list is as follows: DOGE, BTS, DOCK, DASH, REN. [2020/12/21 15:59:28] These Layer 2 systems are not just theoretical. Multiple L2 solutions already exist, and new L2 projects and integrations are being generated almost every day. As of this writing, two major L2 models, ZK rollps and Optimistic rollps, provide security for over $300 million worth of cryptocurrencies. The age of L2 scaling solutions has arrived, but this is just the beginning. If you are a pioneer, now is an excellent time to try to realize some of the things that are possible through Layer 2. So you may ask, what are the hottest L2 services right now? Here are 7 good opportunities to take advantage of Layer 2! 1. Borrowing in Polygon via Aave Earlier this year, Matic was a scaling project based on the Matic Plasma chain and Matic PoS sidechain, later renamed Polygon as part of the "Ethereum's Internet of Blockchains" hub. As part of the rebrand, the team will now apply techniques such as Optimistic rollups and ZK rollps. Not long after, popular DeFi lending protocol Aave announced the launch of the New Frontiers campaign, through which Aave will adopt a range of scaling solutions so users can enjoy multiple options. At the same time, Aave revealed that the first deployment in this event is to put Polygon's PoS side chain. Golden Morning | List of important overnight events on November 8: 21:00-7:00 Keywords: Biden wins, Ethereum 2.0, CEO of Messari, Wall Street Journal 1. The Associated Press has recorded Biden's victory in on the Ethereum blockchain. 2. The Ethereum 2.0 deposit contract has been launched for 3 days, and the completion rate is about 8%. 3. Analysis: Trump's refusal to recognize the election results has brought panic to the market, leading to a correction in cryptocurrency prices. 4. Messari CEO: Bitcoin will rise to $100,000 in the next six months due to the division of the US government. 5. Chief Strategy Officer of CoinShares: The U.S. government has caused difficulties for the encryption industry through privacy laws and other means. 6. Wall Street Journal: Biden is considering hiring encryption expert Gary Gensler as a financial advisor. 7. Co-founder of Morgan Creek: The real test is how to hold BTC and protect its security in the next 10 years. 8. Minister of Digital and Financial Services of Gibraltar: DLT technology is creating new sources of value and business methods. [2020/11/8 11:59:37] It should be emphasized that this sidechain does not directly inherit the security of Ethereum like most L2 projects, but it does provide the same throughput capability of L2. Judging from the New Frontiers activities, it is very likely that Aave and Polygon will further coordinate on the integration of rollups in the future. At the same time, in Polygon's PoS side chain, you can process Aave lending business at low cost. First, add the Polygon network to your MetaMask wallet, then go to Aave and click on the "Polygon" market page to discover lending opportunities. Jinse Finance Market Report 丨 BTC rebounded slightly and partially rose wedge: According to the Huobi market, BTC hit a low of 9,463.55 USDT yesterday and then quickly rebounded, and the highest rose to 9,880 USDT. Looking at the daily chart, the pull-up market has been fulfilled after the historical experience has opened up. The 4-hour chart is based on the MA5, and the 1-hour chart is in a rising wedge shape, and the bulls still have room to exert their strength. As of 10:00, the specific performance of mainstream currencies is as follows: [2020/6/5] 2. Trading decentralized perpetual contracts dYdX is a decentralized exchange, or DEX, because it provides decentralized leverage on Ethereum , spot and perpetual contract transactions. However, traders want to trade as quickly as possible while keeping transaction costs low. Fortunately, dYdX has just announced the launch of L2 perpetual contract trading, which is powered by StarkWare's StarkEx expansion engine. StarkEx is very powerful and flexible, and can achieve on-chain data availability through ZK rollup, or guarantee off-chain data availability through Validium. Whatever you say about it, the engine takes dYdX's perpetual contract trading user experience to a new level. The perpetual contract products that have been launched in dYdX include: ETH-USD BTC-USD LINK-USD UNI-USD AAVE-USD Therefore, if you are interested in derivatives, you can consider looking at the perpetual contract interface of dYdX. On that page, you can easily deposit coins in dYdX's L2 system and start trading! 3. Earn SNX staking rewards Synthetix is a mainstream derivative product project in DeFi. If an asset exists, whether it is in any blockchain or in the real world, it can be traded as a synthetic asset through Synthetix. The eighth course of "Open Trading Course" jointly produced by BiKi and Jinse Finance will start on the 30th: "Contract Actual Combat Strategy Sharing", taught by Mr. Wang Ming. The lecturer of this course, Mr. Wang Ming, is the chief gold medal teaching consultant of BiKi Trading Academy, BiKi gold medal broker, financial investment professional trader and chief analyst. BiKi perpetual contracts are now available for BTC, ETH, EOS, XRP, LTC, BCH, BSV perpetual contract transactions, and more exciting events are coming. [2020/4/29] The core of this powerful protocol is pledge. Users provide synthex's native token SNX to the protocol to form a collateral pool. After providing SNX, SNX stakers can get a lot of SNX rewards and transaction fees. This is the core incentive behind SNX staking! What cool things can Layer2 achieve? You can now process SNX staking at L2! At the beginning of 2021, SNX is pledged to go live on Optimistic Ethereum's L2. This name is the same as the Optimism team, indicating that the Optimistic rollup technology is behind it. If this novel staking method piques your interest, you can leverage Optimistic Ethereum for migration and SNX staking via the official Synthetix staking page. Right now, Synthetix and Optimistic Ethereum are still in the early stages of development and still need to integrate synths transactions and other core protocol functionality. Jinse Finance mining data broadcast | ETH's network computing power rose by 3.48% today: Jinse Finance reported that according to the data from the spider mining pool: ETH's total network computing power is 175.693TH/s, mining difficulty is 2286.93T, and the current block height is 9828467. The theoretical income is 0.00808517/100MH/day. The computing power of the BTC network is 105.721EH/s, the mining difficulty is 13.91T, the current block height is 624907, and the theoretical income is 0.00001807/T/day. The computing power of BSV network is 2.460EH/s, the mining difficulty is 0.34T, the current block height is 629704, and the theoretical income is 0.00073159/T/day. The computing power of the BCH network is 3.639EH/s, the mining difficulty is 0.49T, the current block height is 629920, and the theoretical income is 0.00049458/T/day. [2020/4/8] In addition, platform users also face a withdrawal period of about 7 days. In other words, if you can't wait a week, don't deposit any assets on dYdX! It’s still early days, so becoming a DeFi pioneer also comes at a price! 4. Obtain LRC rewards through Yield Farm Since last summer, Yield farming has formed a craze and has always been a popular trend in DeFi. The rationale behind this is that you provide liquidity to help new projects launch in exchange for token returns, ie earnings. However, yield farming in Ethereum can be costly when the network is congested, as all approvals, deposits, pledges, and withdrawals can add up quickly! But yield farming doesn't have to be expensive. A typical example is Loopring's current L2yield farm. Loopring is an exchange and payment protocol based on ZK-Rollup technology. The creator of the project has developed the Loopring exchange, and users can experience AMM with L2 advantages. The operation of AMM relies on liquidity, and Loopring is currently holding liquidity mining activities to attract liquidity providers. Any limited partner of Loopring can earn rewards denominated in the project's native token LRC through yield farming. If you're excited about the future of L2 scaling and think Looping will play a big role in the future, it's worth considering LRC farms. You can first go to the Loopring webpage, deposit into their L2 wallet, and then deposit assets into the selected fund pool! 5. Trade DeFi tokens in DeversiFi Driven by StarkWare's StarkEx scalability engine, DeversiFi is an efficient, one-stop DEX that provides a range of services, including decentralized limit orders, OTC trading, and free transfers. This naturally makes DeversiFi ideal for trading popular DeFi tokens such as UNI, MKR, and AAVE. Of course, the aforementioned Loopring AMM can also be used to trade DeFi tokens, so this is not an advantage unique to DeversiFi. Advanced traders may like DeversiFi because it offers more trading features than standard AMMs, so if you're looking for a trading-focused L2 app, DeversiFi is worth checking out. 6. Donate to the Ethereum project on Gitcoin Our knowledge and love of Ethereum and DeFi are based on the hard work of open source software builders. That's why BTC is a rising star in the crypto economy, through which it's easier than ever for open source software builders to get paid on Ethereum, DeFi, and more. Gitcoin is best known for its Gitcoin grant rounds, and Ethereum projects have been crowdfunded through crowdsourcing, Quadratic Funding (QF) and donation matching have also helped projects. However, it is worth noting that the project can accept donations through Gitcoin at any time. The attractive thing is that the platform has recently integrated zkSync, so users can save Gas costs through the L2 donation channel at any time. The process is simple. You add one or more items to your cart, select Pay, and select the "Pay with zkSync" option. After that, you will be taken to a page where you can deposit funds into L2. In this way, you can save huge Gas fees and support the development of the Ethereum ecosystem at the same time. The feature has been quite popular since its launch, which is no surprise. For example, in the latest 9th round of Gitcoin grants, over 80% of donations were paid out via zkSync! 7. Streaming payment via Superfluid Superfluid is a streaming payment protocol. It allows anyone to open a payment stream and transfer money in real time. The protocol utilizes two different extension solutions, xdai and polygon, so users can choose according to the type they like. If you've ever dreamed of DAOs capable of processing multiple revenues and rewarding their contributors with a portion of those funds or NFTs representing music rights, Superfluid is an app that does just that, with NFT owners earning every second Royalty income. The charm of Superfluid is that the amount will not be locked and can be freely transferred between accounts! You can do whatever you want with streaming funds, which means if you are receiving streaming tokens, you can transfer them in any amount to another recipient, who can do the same .


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