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May 2 · Issue #48 · View online
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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 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. 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
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High Liquidity Price Pegged Token Algorithm – Daniel Larimer
While an early version of this spec has been floating around Github for a number of months, Dan finally outlined a formal proposal for a new type of stablecoin based on the Bancor algorithm. It’s quite complex and hard to understand, but it’s probably the most innovative recent take on stablecoins we’ve seen. Highly recommended reading.
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Inflation, Centralization, and DPoS — Steemit
Scott from Greymass makes an argument in favor of having a source of network funding that does not go directly to BPs.
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Addressing EOS Token Smart Contracts and a Proposal for Core Development Funding on EOS
EOS New York issued a new proposal that would allow token projects to leverage the security of the eosio.token smart contract, while also creating a way to drive additional revenue for the EOS blockchain itself. We’re big fans of this proposal. This is a good explainer of the significance of this plan.
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Liberland Initiates Decentralized Autonomous Government with EOSIO
This is probably the most unexpected recent news. The government of Liberland has signed a contract with a number of EOS BPs to help them build out blockchain-based government services using EOSIO.
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Cathy Guo of Dunya Labs | EOS Voter
Our interview with Cathy Guo, CEO of Dunya Labs.
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EOS Radio Weekly - Stablecoins, REX, and Bancor
We joined a number of other guests on the latest episode of EOS Radio to discuss Dan’s new stablecoin proposal, Bancor, and REX.
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EOS Voter en Español: Matías "El Mato" Romeo de EOS Argentina | EOS Voter
This one is for our Spanish-speaking audience. We conducted an interview with El Mato, one of the most talented devs in the EOS ecosystem and one of the core members of the EOS Argentina team.
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EOSIO™ Version 1.8.0-rc1: EOSIO Consensus Protocol Upgrade Release Candidate for Enhanced Security and Usability Features
The latest version of EOSIO introduces a number of cool features. The most significant is the ability for apps to delegate resources to their users on the back-end. Combined with REX, this means that apps can now lease out resources for a fraction of the cost of purchasing them, and make it so that end users will never have to deal with the complexities of staking and resource management. It’s a huge step forward for usability.
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The Metro: A Sneak Peek & Get Notified – EOS New York
EOS New York offers a sneak peak of their EOS-native hardware wallet, The Metro.
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The DAPP Network Just Added Powerful New Features for EOS dApps
The LiquidApps network just added a number of new services for dApps, including oracles and random number generators. It’s still early for LiquidApps, but we’re seeing more and more builders in the space look to them for solutions to user on-boarding, resource management, and more. If you’re a developer working on EOS, it’s worth spending some time to learn more about the DAPP network, as they’re providing some really innovative solutions to the major pain points for EOS devs.
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dfuse Brings the Power of GraphQL to EOS
Another must-have tool for EOS developers is dfuse. We’ve been working with dfuse on a number of projects, and it has made the EOS development experience significantly easier. Almost every EOS developer we speak with agrees. The best part is that the dfuse team is introducing new features every week, including their recent integration of GraphQL.
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Austin, TX
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