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Aurora EOS Weekly Update

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The big news out of EOS this week is that REX is officially live! Dan proposed this idea all the way
 

Aurora EOS Weekly Update

May 2 · Issue #48 · View online
The Week in EOS.

The big news out of EOS this week is that REX is officially live! Dan proposed this idea all the way back in August of 2018, and the EOS community has been pretty excited about REX ever since. All things considered, this thing went from a simple concept to being deployed as a system-level contract pretty quickly. I’d like to give a major shoutout to EOS Authority for all the work they did testing REX and helping get it to be production-ready.
EOS Authority, EOS Cafe Block, EOS Titan, Greymass, and others have already deployed interfaces for staking to REX using Scatter, Ledger, and other major wallets. If you want to take a step back and get an overview of REX, EOS New York has you covered with this article.
The coolest thing about REX is that it will make EOS resources much cheaper for developers. Instead of having to buy EOS to stake directly, they can borrow it for a fraction of the price. That means, of course, that EOS holders can earn a return by renting out their resources through REX. And in order to do so, those users must be voting for BPs (or delegating their vote to a proxy).
We still don’t know how much this will affect network dynamics. It remains to be seen how high of a return EOS holders can earn, how cheap resources become, or how much REX increases voter participation. These are all trends to watch over the next few months. Seeing these markets evolve in real time to respond to network conditions will be fascinating.
On another note, I’m going to be moving this newsletter over to Substack soon and trying out a new (and, in my opinion, much improved) format. If you’re already subscribed here, you’ll be automatically moved over. And if you have any suggestions for the newsletter, feel free to reach out!
Myles Snider, CEO

Recommended Reading
High Liquidity Price Pegged Token Algorithm – Daniel Larimer
Inflation, Centralization, and DPoS — Steemit
Addressing EOS Token Smart Contracts and a Proposal for Core Development Funding on EOS
Liberland Initiates Decentralized Autonomous Government with EOSIO
Watching and Listening
Cathy Guo of Dunya Labs | EOS Voter
EOS Radio Weekly - Stablecoins, REX, and Bancor
EOS Voter en Español: Matías "El Mato" Romeo de EOS Argentina | EOS Voter
Updates and Releases
EOSIO™ Version 1.8.0-rc1: EOSIO Consensus Protocol Upgrade Release Candidate for Enhanced Security and Usability Features
The Metro: A Sneak Peek & Get Notified – EOS New York
The DApp World
The DAPP Network Just Added Powerful New Features for EOS dApps
dfuse Brings the Power of GraphQL to EOS
Save the Date


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