Author: stakingbits

  • Crypto.com Card Review

    The Crypto.com Visa card boasts one of the largest crypto card programs of its kind globally. It offers cashback rewards in its native token, card benefits such as free Netflix and Spotify subscriptions, airport lounge access, and free ATM withdrawals. The higher tier metal cards offer upsized or longer lasting benefits, alongside with a gorgeous…

  • The Ultimate Guide to Morpho

    Morpho is an innovative DeFi protocol designed to enhance the efficiency and attractiveness of lending markets. How is Morpho different? Aave and Compound are decentralized lending platforms where users can lend and borrow assets. These platforms typically use liquidity pools where lenders provide funds and borrowers take loans. The challenges with this model include overcollateralization,…

  • Guide to WalletConnect

    In the ever-evolving world of Web3, connecting your crypto wallet to decentralized applications (dApps) can sometimes feel like navigating a maze. WalletConnect is designed to streamline this process and enhance your interactions with the decentralized web. What Is WalletConnect? WalletConnect is an open-source protocol that bridges the gap between self-custody crypto wallets and decentralized applications.…

  • How to setup MetaMask for SNAXchain

    Pre-requisites Connecting MetaMask to SNAXchain Switch the connected blockchain by clicking on the tab saying Main Ethereum Network, we need to add SNAXchain. Scroll down until you find Add Network. Enter in the network settings as follows: Click Save. You have now connected to the SNAXchain with your Metamask Wallet! Transactions on the SNAXchain requires ETH which will be…

  • The Ultimate Guide to Synthetix

    Synthetix is a derivatives liquidity protocol, providing liquidity throughout DeFi and powering financial products and derivatives like perpetual futures, options, parimutuel markets, and more. It powers a growing number of decentralised applications such as Kwenta, Toros, dHedge, Thales and more, which cover financial use cases like leverage trading, asset management and betting. Synthetix liquidity To…

  • How to setup MetaMask for StarkNet

    Pre-requisites StarkNet is a decentralized Validity Rollup layer 2 solution that aims to massively scale Ethereum while preserving security and decentralization. It utilizes validity proofs called STARK proofs to validate batches of transactions cheaply. Connecting MetaMask to StarkNet Switch the connected blockchain by clicking on the tab saying Main Ethereum Network, we need to add…

  • The Ultimate Guide to Ethena and USDe – the Internet Bond

    Ethena is a groundbreaking synthetic dollar protocol built on Ethereum that uses the concept of funding rates to collect yield. If you are not aware of the concept of funding rates, it’s a payment mechanism that aligns the futures market price with the index price, typically in perpetuals trading markets. When the funding rate is…

  • Ethereum Dencun launch to solve scaling woes

    In a much-anticipated move, Ethereum developers are putting the final touches on the Dencun upgrade, a two-pronged overhaul combining upgrades to both the network’s execution and consensus layers. The blockchain is targeting a mainnet launch this month in March 2024, a pivotal moment that could address long-standing scaling constraints hampering wider enterprise adoption. The key…

  • Starknet’s Upcoming STRK Token Distribution

    Starknet Foundation outlined plans to distribute over 700 million STRK governance and utility tokens to nearly 1.3 million wallets in the project’s debut token offering starting Feb. 20. The not-for-profit categorized the crypto giveaway as provisions meant to decentralize the layer-2 network and encourage community participation. Developers leveraging Starknet’s zero-knowledge cryptography to build dApps, Ethereum…

  • How to setup MetaMask for Dymension Network

    Pre-requisites Connecting MetaMask to Dymension Network Switch the connected blockchain by clicking on the tab saying Main Ethereum Network, we need to add Dymension Network. Scroll down until you find Add Network. Enter in the network settings as follows: Click Save. You have now connected to the Dymension Network with your Metamask Wallet! Transactions on the Dymension network…