OpenAI launches consumer hardware division led by former Meta AR boss

Euler Labs has officially launched on DeFi Saver, providing users with an intuitive dashboard for creating and managing leveraged positions with just one click. This integration enables users to easily open leveraged or standard borrowing positions and manage leverage through Boost and Repay features. Additionally, native rEUL rewards are seamlessly integrated into the platform, enhancing user incentives.

Refer to the official tweet by EUL:

EUL Info

Euler operates as a non-custodial, permissionless lending protocol on Ethereum, allowing users to accrue interest on their cryptocurrency assets or mitigate potential market volatility, all without the necessity for a trusted intermediary.

The protocol introduces a set of unprecedented features in the DeFi sector, including permissionless lending markets, dynamic interest rates, safeguarded collateral, MEV-resistant liquidations, and stability pools with multi-collateral capabilities among other advancements.

A pilot project involving the Swift network for settling tokenized fund subscriptions and redemptions has been successfully completed by Chainlink, UBS Asset Management, and Swift. This initiative demonstrates the potential for digital asset transactions to be settled through fiat payment systems, reaching over 11,500 financial institutions across more than 200 countries and territories.

LINK Info

Chainlink is a decentralized oracle network built on blockchain technology that enables smart contracts to securely interact with external data sources, such as APIs and other data feeds. It aims to provide reliable and trustworthy data to smart contracts, enhancing their functionality and utility.

The operation of Chainlink revolves around a network of nodes that bid to provide requested data to smart contracts. When a smart contract issues a data request, Chainlink’s protocol registers it and forwards the request to these nodes. The nodes then submit their bids, and through an internal reputation system, Chainlink selects trustworthy sources to fulfill the data needs of the smart contract, thereby safeguarding against inaccurate data and potential attacks.

LINK is the native ERC-20 token of the Chainlink network and serves multiple purposes within the ecosystem. Smart contracts pay for data services in LINK tokens, and node operators stake LINK to participate in data bids. The token has a capped supply of 1 billion, with no mining or staking process to increase its circulating supply. LINK is crucial for incentivizing accurate and reliable data provision by node operators.

SafePal is hosting TON Fest II, featuring a prize pool of 819,000 ForU Points and TON. Participants can unlock rewards by completing designated tasks.

The event will take place from November 5 to November 11, starting at 10 AM UTC.

Refer to the official tweet by SFP:

SFP Info

SafePal is a cryptocurrency wallet that aims to provide a secure and user-friendly crypto asset management platform for the masses. SafePal provides hardware wallet and software wallet product lines, all paired and managed through the SafePal App, where users can easily store, manage, swap, trade, and grow their crypto wealth.

Polymesh is set to host an AMA on YouTube on November 21st at 3 PM UTC. The session will be led by Graeme Moore, the head of tokenization at Polymesh.

Refer to the official tweet by POLYX:

POLYX Info

Polymesh is a specialized layer 1 public permissioned blockchain, designed specifically for the handling of security tokens, digital contracts tied to real-world assets. The platform requires identity verification for all participants including issuers, investors, stakers, and node operators. Unique in its infrastructure, Polymesh is dedicated to enhancing network security by mandating node operators to be licensed financial entities, offering a blend of benefits of both private and permissionless networks.

Polymesh operates through the collective work of node operators and stakers to secure the blockchain and validate blocks. Node operators who successfully validate blocks are rewarded in POLYX, Polymesh’s native utility token. Stakers provide their POLYX to node operators, increasing their chances of entering the validator pool, and thereby reinforcing the network’s security and operational efficiency.

POLYX is the native utility token of Polymesh, used for governance, chain security through staking, and managing security tokens. The token holders have the ability to influence Polymesh’s governance by submitting improvement proposals or voting. The staking mechanism allows POLYX holders to bond their tokens to node operators, enhancing the latter’s probability of earning rewards and contributing to the overall network security.

Illuvium will participate in a podcast on November 7th.

Refer to the official tweet by ILV:

ILV Info

Illuvium is a role-playing game (RPG) built on the Ethereum blockchain, featuring an open-world exploration and NFT (Non-Fungible Token) mechanic. Illuvials, which are NFT creatures each having an affinity and class, form the core of the game’s collection and customization aspects.

The gameplay revolves around collecting these Illuvials and using them tactically in battles, leveraging their classes and affinities to create synergies for bonuses. When Illuvials reach a certain level, they can be merged to spawn more powerful creatures, adding to the strategic depth of the game.

The Illuvium game employs its own ERC-20 token, ILV, which rewards players for their achievements and can be staked in the Illuvium Vault for further ILV or sILV returns. Token holders can also participate in the game“s governance through the Illuvium Decentralized Autonomous Organization (DAO), thereby influencing the game”s development and direction. In addition, the game has sILV, another token that can be used immediately in-game, distinguishing it from ILV, which has a lock-up period.