Richmond Fed Services Revenue Index for July in the United States

Including DecentralizationAI network, DecentralizationComputing Power, AI's Web3 platform and real human protection.

🚨 Gala Games has been attacked, hackers minted an additional 5 billion GALA. This morning, hackers attacked Gala Games' Treasury to mint an additional 5 billion tokens and quickly dispersed 600 million GALA ~ $21M. Currently, the project has blacklisted hackers and contacted the FBI to find the culprits. In addition, the additional mint tokens of ~4.4 billion GALA that hackers have not yet sold will be burned #BTC##比特币##BOME##HotTopicDiscussion##PIGCOIN##ETH#

vDOT and Rapid Peg Recovery Capability in Market Volatility: The Story Behind Stability In the volatile world of crypto, even collateralized assets like liquid staking token (LST) cannot escape short-term peg losses when the market becomes chaotic. 1. The Fundamental Value of vDOT vDOT is a token that represents DOT that has been staked through Bifrost. When users stake DOT, they receive vDOT – a token that earns profits from staking while maintaining liquidity. The important point is that 1 vDOT usually has a higher value than 1 DOT, as it includes both the principal and the accumulated staking rewards. Additionally, vDOT can be widely used in DeFi as collateral, participating in liquidity pools, or trading on DEX, which enhances its practical value. 2. Why Did vDOT Lose Its Peg? There are two ways for users to exit their vDOT holdings: Redeem (Withdraw directly through Bifrost): Users submit a redeem request and receive DOT at a 1:1 ratio plus accumulated rewards. This process is not affected by market price fluctuations but has a waiting period – it can take up to 28 days if there are no new stakes. Swap: Users can instantly swap vDOT for DOT on DEXs like Bifrost's StableSwap or Hydration. However, this method depends on liquidity and the AMM pricing model. In adverse market conditions, significant selling pressure can deplete liquidity and lead to a temporary loss of peg. A typical example is on May 17, 2024, when a compromised wallet dumped about 222,000 vDOT (~1 million USD) on StableSwap, causing the vDOT/DOT exchange rate to plummet in a short time. 3. How to Quickly Recover vDOT Peg? ✅ Natural Arbitrage in the Market When vDOT is trading in the market at a lower price than its inherent redeem price, arbitrageurs immediately jump in to buy vDOT at a discount and redeem it for DOT, earning nearly risk-free profits. Others take advantage of lending platforms like Interlay to implement a delta-neutral strategy, buying vDOT while hedging their price position. As a result, the buy orders surged, liquidity was absorbed back, and the vDOT exchange rate quickly recovered to near its intrinsic value. ✅ Redemption Cap (Redemption Cap) The Bifrost system sets a redeem limit for each Era (~24h). When the redeem volume exceeds this threshold, the protocol will temporarily suspend new requests. This prevents liquidity from being depleted in a short time, avoiding additional pressure on the Polkadot main chain and keeping the system operating stably. 4. Mechanisms to Help vDOT Stabilize During Volatility vDOT maintains its peg thanks to the coordination of many factors: - Clear intrinsic value: Backed by DOT stake and accompanying rewards. - Safe exit (Redeem): Not dependent on market price, always ensures real value. - Automated arbitrage mechanism: Take advantage of imbalances to rebalance the peg. - Redemption cap protects the system: Prevents abuse and keeps the unbonding process from being overwhelmed. - Efficient liquidity management: StableSwap maintains a good balancing role even when faced with slippage. The reality shows that during the event on May 17, 2024, the system responded exactly as designed. Arbitrageurs quickly took action, demonstrating strong confidence in Bifrost. At the same time, the Bifrost team also acted promptly to protect the affected users. 5. Summary: Safety, Liquidity, and Profitability – vDOT is Excelling in All Three If you are a DeFi user looking for staking yield on DOT while still needing liquidity, vDOT is a solution worth considering. With an ever-expanding ecosystem and a proactive management team, vDOT is asserting its position as a solid LST in the Polkadot ecosystem – ready to withstand and recover even in the most chaotic times of the market.

#CBAB#You missed GOMD. Last month I noticed this coin but didn't have time to sell other coins to buy it. You still have a chance with #Crebit because they share the same Vietnamese-Korean dev team. The potential of CrebitAi with its payment card partner is much stronger than Gomd, not to mention FZF Venture's investment of $1M in CBAB fund.

The NADA was almost fall very pathetic for a very long time, split dozens of times, every time it pumped up a little to get attention and then it discharged horribly. Notice the relationship between volume day trading and price. It can be seen that the trading volume is very large, but the price is almost stationary, thereby showing that sharks are manipulating this token, the number of people trading is actually k much, the number of people whose assets are divided is swinging before almost forgotten. Think about it, let's say an investment of 1000U at a time when the price was 0.18U, which has now been split 22 times. that means 1000U back then is now only 45U. Is it possible to get this money back? AE Trader should dodge this token immediately, don't be like me and k it.