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250,000 traders sign petition to add Shiba Inu (SHIB) on Robinhood

The dramatic rise of Shiba Inu’s (SHIB) price drew plenty of attention in October, while the community behind the pet-meme crypto mobilized to support the momentum.

Following the impressive rally, the demand for Shiba Inu’s addition to the popular investing platform intensifies, as thousands of investors reach out to Robinhood and “kindly request” its listing.

The petition

“Dogecoin killer” supporters have been signing a petition on Change.org, urging trading platform Robinhood to list the popular pet-meme cryptocurrency for trading.

“Let’s encourage Robinhood to be the first traditional brokerage to get on this train,” read the petition, while mentioning that adding Dogecoin (DOGE) has been a “huge success” for the trading platform and its investors.

“Shiba Inu is a similar meme coin with genuine potential,” the petition continued.

A staggering 62% of Robinhood’s second-quarter cryptocurrency transaction-based revenue was attributable to Dogecoin.

Counting Dogecoin, the popular commission-free investing platform currently supports a portfolio of seven cryptocurrencies for trading.

Shiba Inu recently surpassed 730,000 holders, according to block explorer and analytics platform Etherscan, and while the number is constantly on the rise, the Robinhood listing would give it a substantial boost.

A strong retail user base

“230,000 signatures, and still running. Congratulations guys. You did it. Webull has gotten there first, and already listed Shib.  All indications are that Robinhood will soon follow,” wrote Tristan Luke, who started the petition, in this week’s update.

The petition, which recently surpassed 246,000 endorsements and continues gunning for a 300,000 milestone, reflects Shiba Inu’s strong retail user base, which can also be gauged on social media platforms.

The token’s official Twitter account has recently surpassed one million followers and continues counting new arrivals, as the project continues incentivizing inclusion.

Following this week’s launch, the project’s NFT collection consisting of 10,000 “lovable creatures,” called Shiboshis, sold out in 35 minutes.

The post 250,000 traders sign petition to add Shiba Inu (SHIB) on Robinhood appeared first on CryptoSlate.

Bancor v3 To Introduce Highly Automated “Set And Forget” Yield Generation

Bancor pioneered the order book-less automated market maker (AMM) concept back in 2017 and has since launched a second iteration of the decentralized exchange (DEX) platform in July 2020 featuring Chainlink oracles integration, single asset liquidity, reduced slippage, impermanent loss (IL) protection, support for lending pools, etc. Now, Bancor v3 will be revealed on Nov::Listen

Bancor pioneered the order book-less automated market maker (AMM) concept back in 2017 and has since launched a second iteration of the decentralized exchange (DEX) platform in July 2020 featuring Chainlink oracles integration, single asset liquidity, reduced slippage, impermanent loss (IL) protection, support for lending pools, etc. Now, Bancor v3 will be revealed on Nov 30 at the Dcentralcon conference in Miami, FL and it will be launching soon by early 2022 with even more powerful features, in three distinct phases of Dawn, Sunrise, and Daylight.

Bancor v3 will focus on profit maximization, fees minimization, dual-sided rewards, automated yield generation, and protection against impermanent loss. The new iteration of the platform aims to abstract the complexity, so even average users can participate in DeFi and become profitable liquidity providers, even without much technical knowledge and former experience.

It’s been planned to be introduced by next year first quarter. Bancor v3 will attempt to optimize for low gas consumption resulting in cheaper transactions, finally launch on multiple chains (likely Ethereum L2s), easy migration from earlier versions of the Bancor protocols, ability to use liquidity pool (LP) for other purposes (especially additional yield generation), sourcing impermanent loss (IL) protection from third parties, a new user interface and integration with Chainlink Keepers to automate “housekeeping” tasks efficiently.

Bancor v3 Salient Features

Bancor v3 will introduce the “Omnipool concept”, which will allow for bypassing BNT related transfers, as seen in earlier versions resulting in additional cost. This will allow Bancor to be competitive against other AMM protocols and save users fees incurred on transactions, increasing capital efficiency. The platform will also offer impermanent protection from the time of liquidity deposit, unlike 100 days staking requirement in earlier iterations.

There are no deposit limits also on Bancor v3 anymore, which means that any user can deposit as much as they want at any time, without waiting for spaces to open up like earlier Bancor v2.1 pools. This will result in liquidity growth in the protocol at an accelerated unbound rate. The team calls it the “infinity pool” concept and this superfluid / easy moving liquidity would be able to be simultaneously used for marketing making and fee earning strategies.

Since it’s unnecessary to have to manually restake your fees+rewards again, Bancor v3 will introduce an auto compounding feature, which will allow the smart contract to automate this task for the users, if they elect to go for it. This will allow deep automation to come into play, saving users gas and time.

Bancor v3 will also enable the native DAO to choose the liquidity direction, allowing it to invest in the protocol-owned BNT tokens to generate fees for the protocol. The DAO would also be able to monitor and redirect BNT liquidity to more optimized and better-performing pools, thereby allowing the protocol to grow further and serve its users better.

Bancor v3 AMM revolution
Bancor v3 AMM revolution© Cryptoticker

The post Bancor v3 To Introduce Highly Automated “Set And Forget” Yield Generation appeared first on CryptoTicker.

250,000 traders sign petition to add Shiba Inu (SHIB) on Robinhood

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