Member Info for ragnarr

Henie

There will be a total of 200M and Satoshipay have bern allocated 5.5%.

But not all will be released straight away and I am not aware of the launch taking place on Monday. Large amounts are reserved for staking rewards, incentives, crowdloan reserves etc as well as 26% for the treasury.

Initial Circulating Supply is set to be 15,200,000

big -not bog - doh!

Albert - I posted purely for info - not suggesting it has anything to do with todays SP movement - I have no idea what the reasons are. To be honest I dont really chase the daily SP movements as my interest is 12/24 months down the line for the bog bucks :-)

Alex Wilke article on Nasdaq.com - getting noticed

Forex and DeFi: A Match Made in Heaven?
https://www.nasdaq.com/articles/forex-and-defi%3A-a-match-made-in-heaven

Dr. Torsten Stuber: CTO at Pendulum Explains How Use of Stablecoins Affects Developments of DeFi Apps
https://www.crowdfundinsider.com/2023/02/201941-dr-torsten-stuber-cto-at-pendulum-explains-how-use-of-stablecoins-affects-developments-of-defi-apps/

Messari have released their quarterly report on the Polkadot ecosystem - State of Polkadot Q4 2022

Conclusion.
Going into 2023, Polkadot boasts the second-largest developer community in crypto. With the upcoming launches of OpenGov, parathreads, XCM V3, asynchronous backing, and continued advancement of WASM smart contracts, the stage is set for future innovations. There is much to look forward to in the Polkadot ecosystem.

https://messari.io/report/state-of-polkadot-q4-2022?referrer=all-research

Alexander Wilke interview
Alexander Wilke on how Pendulum is the missing link between Fiat and DeFi
https://www.youtube.com/watch?v=JTWgoJ6tl4Q

For info the Zenlink api protocol coding was added yesterday - basically meaning all gearing up for AMPL and PEN trading on Zenlink.
https://www.zenlink.pro/en/

Apologies if already posted
Could Forex Be TradFi's First Official Foray Into DeFi?
https://www.ibtimes.com/could-forex-tradfis-first-official-foray-defi-3661119

And another comments from Ricky Maloney director at Sionic a global financial services specialist(https://www.sionic.com/)

A very clear benefit Chris - I wrote this simplistic piece last year - https://www.linkedin.com/pulse/buy-side-blockchain-opportunities-fx-settlement-ricky-maloney/

The opportunities in this space are very strong.

And her is what Itay Tuchman -Former Global Head of Foreign Exchange at Citi had to sayin reply

A lot in crypto/DA is uncertain but to me, on-chain FX is a near lock in the next few years. Benefits to all end users are immense; capital savings, settlement risks, remittance, there is tons of benefits. Still plenty to solve for of course and legacy system will still crank on where credit, capital controls, etc have to be solved for but…

Once we have regulated on-chain money most everywhere, this will explode. Great for consumers, businesses, investors!

Just for info -
Chris Perkins is President of Coinfund (https://www.coinfund.io/) a multi-million dollar crypto investment fund and this is what he has to say about Blockchain FX

In 2018, I took the reigns of the largest FXPB in the world after it experienced a material loss. This left me with a deep appreciation of risks in FX markets--many of which can be solved through blockchain technology. The crypto industry is often criticized for not delivering “utility”. However, when it comes to FX, blockchain technology can 1)reduce risk, 2)reduce cost and as always, 3)drive more inclusive markets. Uniswap Labs’s whitepaper on the benefits of tokenizing FX makes a ton of sense to me: https://lnkd.in/eRS85JxK

Across TradFi, FX markets are closest in nature to crypto based on the fact that they trade 24/7 and regulation is fragmented at best.

However, blockchain technology can deliver material improvements over existing FX market structure. Near real time settlement enabled by blockchain technology can essentially eliminate Herstatt risk. CLS was introduced to mitigate settlement risk, but it isn’t perfect. It only supports 18 currencies, is batch based and only has “70+” members. This is a lot of centralization of risk for the $6tr that settles through it daily—leaving $1tr behind, which happens to be the size of the ENTIRE market cap for crypto today.

Herstatt is also expensive because banks need to hold and fund liquidity reserves to mitigate this risk. Expenses are always passed on to consumers.

Elimination of unnecessary intermediaries and correspondent banks will materially reduce costs. Uniswap suggests that fees for remittances can be reduced by 80%!

I look forward to the day when the FX markets are tokenized—powered by new classes of stablecoins. I think this will look like the electronification of markets. It will catch incumbents by surprise and happen overnight—in the not too distant future.

Apologies if I have that wrong, I havnt fully investigated.

Gazzelberry - I think the SEC admission was relating to LBC token but assume it will relate to all secondary sales

Bware Labs is producing blocks as a Collator on Amplitude
https://medium.com/bware-labs/bware-labs-is-producing-blocks-as-a-collator-on-amplitude-82c570c61891

Duke - good to see you. still around - hope all is well

DeFi enjoys prolific start to 2023: DappRadar report
https://cointelegraph.com/news/defi-enjoys-prolific-start-to-2023-dappradar-report

Same info but from Pendulum
https://medium.com/pendulum-chain/equilibrium-pendulum-cross-chain-eqd-pen-integration-8181c821bdfd

For info there is a new Pendulum repository committed yesterday entitled :
squid-amplitude.
Amplitude squid project. It accumulates amplitude information about blocks, extrinsics and serves them via graphQL API

Subsquid is an on-chain data processing solution that enables Web3 builders to gain access to on-chain data and GraphQL is a query language and server-side runtime for application programming .

In laymen's terms using subsquid and GraphQL makes it easier and quicker for other Dapps to build on Pendulum

nikkib - Thanks for the post - here is the link to the article - Equalibrium is a decentralized cross-chain asset market Parachain on Polkadot

https://equilibrium.io/en

Equilibrium and Pendulum Integrate for Cross-Chain EQD Stablecoin & PEN Functionality
https://medium.com/equilibrium-eosdt/equilibrium-and-pendulum-integrate-for-cross-chain-eqd-stablecoin-pen-functionality-9bb100582f22