BingVentures

BingVentures

Liquid Re-staking Tokens (LRTs) and the emergence of Layer2 solution Blast are powering a new wave in DeFi staking. In this article, we’ll look at the backdrop behind this development, what it means for DeFi staking and what are the major trends in the space. Liquid Re-staking Tokens: The Newest Innovation in LSDs Liquid staking derivatives (LSD) have been an...

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StarkNet is a Layer2 solution that utilizes zkSTARKs to scale Ethereum. It alleviates Ethereum’s network congestion by increasing the throughput and reducing the transaction fee. Availing the zero-knowledge proof technology, it also enhances data security and privacy. With StarkNet, developers can build, deploy, and run high-performing smart contracts in a...

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EIP-4337 standardized smart contact wallets and the related infrastructure. But Account Abstraction is still in its early stages and has low adoption. For example, many Layer2s have yet to support it. These constraints mean that users still face a deep learning curve and huge cost of use. By introducing a proxy layer, Account Abstraction (“AA”) wallets aim to...

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The public chain world is ever-growing. While inflows of users and liquidity bring usage activity and transaction volumes, block space becomes increasingly scarce and valuable. This makes the narrative of a super blockchain network for application-specific chains appealing. Blockchains such as Ethereum are increasingly transforming themselves into settlement...

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Despite heightened volatility in the crypto market, the first quarter of 2023 has ended on a good note. In this article, we’ll review developments in the crypto market and macro environment and provide predictions for the next quarter. Bitcoin: Entering into consolidation after a strong rebound The crypto market performed strongly in Q1 2023, with the total...

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Algorithmic stablecoins, as their name implies, are cryptocurrencies that use algorithms to maintain a stable value instead of being backed up by any sort of reserve asset as collateral. However, in reality, some algorithmic stablecoins have struggled to maintain a stable peg, while others have failed catastrophically. This article examines the major types of...

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In Summary: ● Three basic features of decentralized social networks include freedom from centralized control, decentralized data storage, and censorship resistance. ● The channel model is replacing the traditional square model as a new paradigm of social networking. The channel model is behavior-oriented where users broadcast their messages to the whole network...

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For the book value of the crypto market, 2022 was a terrible year. Starting with the crash of LUNA/UST in the middle of the year, one after another black swan events sent the market into a prolonged crypto winter. However, 2022 was a year full of hope for the development of blockchain technology. Concepts such as NFT and Metaverse have begun to catch the attention...

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By Kyle, Investment Manager@Bing Ventures Ethereum and Cosmos have always had a huge number of developers and users, but there has been a lack of a project that really brings the two together. Kava, a highly secure, lightening fast Layer 1 blockchain, combines the two most commonly used permissionless execution environments into a single, scalable,...

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This past November, major events in the blockchain industry were still affected by the aftermath of the FTX fiasco. Several market makers and exchanges, such as Genesis and BlockFi, began to suffer runs. The panic in the markets was so intense that investors began to worry that Digital Currency Group might be headed for bankruptcy. Meanwhile, liquidity for...