Daily Crypto NewsEDITION #453, 15 December 2022

Gem City farm on Arbitrum

Hey Moni Maker 🔥

Today the Gem Hunters set off on a perilous journey - they want to start farming on Arbitrum projects, which could very well be a scam. Please, Gem Hunter, only get involved if you're an experienced degen. You never know... 

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Today we got an auto-staking protocol with its own token and working, as you have already guessed, on Arbitrum. Let's get right to the point!

Gleo Finance is a decentralized financial marketplace that rewards users with a fixed compound interest model through its Gleo Auto protocol.

Perks:

- Fixed APY (12 241,2% !)

- Easy and safe staking (you only need to buy and keep $GLEO token)

- Frequent payment of rewards (every 30 minutes)

- Interest income is paid automatically and deposited in the wallet

It certainly looks interesting, plus another threat to pass a full audit immediately after launch and generally drown for security. This is all good, of course, but do not forget about  DYOR.

DYOR:

- Docs

- Тwitter

- Discord

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We've got a bunch of activities for you before crypto get scammed.

☄️ AndromedaSwap - testnet.

- Install extension if you have not and create a NEW (!) wallet

- Use faucet one

- Use faucet two

- Go to the platform

- Swap/Add liquidity

- Leave feedback in Discord

- Sign up and follow Twitter just in case

🤝 ConsenSys - fill out a form to participate in the private beta test

- Follow the link

- Fill in the form 

☘️ zkLend - testnet on StarkNet.

- Claim test ETH here if you don't have it.

- Swap USDC and DAI here

- Finally go to the platform itself.

- Supply USDC, DAI, ETH

- Borrow USDC and DAI

- Output tokens

Decentralized wallet partners with a centralised financial system. Hm…Let toxic jokes go away; let's move to the point.

ConsenSys, the MetaMask father company, partnered with PayPal to let some select American users buy and sell Ethereum via the PP platform. Ok, now we should provide the quote from the PayPal tweet to increase this text in terms of intellectual content: 

"This integration with PayPal will allow our U.S. users to not just buy crypto seamlessly through MetaMask, but also to easily explore the Web3 ecosystem."

So what? 

From one side of view, you can always blame such partnerships for killing the idea of decentralisation. But crypto s f@cuked up now, so an extensive partnership with the most significant financial system in the USA is a great reason never to bury crypto again. Big boys came; why should we leave? 

– State of Defi Report 2023

– Automated Market Makers: Mean-Variance Analysis of LPs Payoffs and Design of Pricing Functions 

– Maker Transaction Level Accounting Dashboard

– Chainlink Whale ‘Oldwhite’ Used More Than 150 Wallets to Avoid Staking Limits

– Slingshot year on Arbitrum 

– Aura Finance system upgrade 

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