Validator.ONE

Beta governance is here! 🎉 A hybrid of on-chain + off-chain voting, with more upgrades on the way 🗳️ Explore governance → gov.harmony.one

"Just as Nixon abandoned the Gold Standard to maximize U.S. power, the U.S. will likely have to abandon the dollar as the world reserve currency in the isolationist age. The Nixon Administration grew frustrated with Europe and Japan for not adjusting to their restored economic strength. U.S. officials expected these powers to open up domestic markets to U.S. exports, lifting post-war trade protectionist measures, and to act in good faith towards the U.S., which was taking the brunt of financial expenses for NATO. From the U.S. perspective, the postwar alliance was beginning to feel one-sided. Rather than expressing gratitude for the Marshall Plan or America’s defense against Soviet expansion, France, Germany, and the UK were redeeming their dollars for gold at an accelerating pace, threatening the Gold Standard and undermining U.S. monetary sovereignty. At the same time, Europe and Japan were flooding American markets with cheap industrial goods, undercutting domestic manufacturers while keeping their own markets relatively closed. The United States, meanwhile, bore the full weight of leadership for the Western Alliance. To Washington, it looked like the U.S. was footing the bill for a liberal order that increasingly advantaged its allies at its own expense. In August 1971, President Richard Nixon responded with what became known as the Nixon Shock: - He suspended the convertibility of the dollar into gold, effectively ending the Bretton Woods system. - He imposed 10% tariffs on all nations to protect domestic industry. - He froze domestic wage and price increases temporarily to control inflation. messari.io/report/a-superpow…

"to repurpose stake and validator infrastructure and expertise beyond L1 consensus to secure many protocols at once .. control their collateral assets, rewards, and slashing criteria. L1 block production use cases: new types of MEV auctions, preconfirmations, and based sequencing.

the edges of finance "the US repo rmarket alone handles roughly 4 trillion USD in trading volume everyday.. the Federal Reserve now runs a number of repo facilities.. to source cash or securities. Many institutions use the repo market to obtain leverage for trading.. Private credit is going through a particularly large boom right now.. has grown from almost nothing in 2008 to an $800 billion market today. These are mostly term loans, originated by nonbanks, with various degrees of collateral backing them. Private credit differs from collateralized DeFi lending: While private credit avoids the duration mismatch problem that arises in bank-intermediated lending, it relies on mostly illiquid collateral as opposed to most DeFi lending today which is predicated on the ability to liquidate collateral as needed. paradigm.xyz/2024/05/the-edg…

Highlighting Band Price Feed on @harmonyprotocol — live on mainnet & testnet, building on our partnership since October 2020. We're securing and delivering price data for $BTC, $ETH, $DAI, $ONE, $USDC, $USDT, and more. Proud to support the $ONE ecosystem with Band Oracle.

0.25% swap fee with 0.20% to LPs and 0.05% to the protocol "front-running protection decreases the chances of bots from front-running your buys. you can use high slippage with front-running protection turned on. we recommend setting a tip amount of at least 0.01 SOL with front-running protection enabled. a higher tip amount will make your transactions confirm faster. this is the transaction fee that you pay to the solana network on each trade. members.delphidigital.io/fee…

"Smart collateral allows users to borrow against LP positions, while smart debt turns liabilities into productive assets. teapaw.org/0xfluid/status/1851341… teapaw.org/Instadapp/status/17607… docs.fluid.instadapp.io github.com/statemindio/publi…