Clarification on Consensus Model for Earning Points on Octav
Clarification on Consensus Model for Earning Points on Octav
Octav's consensus model for earning leaderboard points is clarified. Points can only be earned for correctly validating transactions that have reached a consensus among other Octav community members and have been verified by the machine learning algorithm. Consensus is reached when a minimum of five different wallets validate transactions that interact with the same smart contract. Once consensus is reached and the transaction is reviewed by the Octav team, points are distributed the following day. Only correct validations that have reached consensus and reviewed by the team will earn points.
🚀 Team Mobilizes
**Octav's business development team is making a strong push at DevConnect**, with BD lead @ATTRIUS_ spearheading the effort. **Six team members confirmed for attendance:** - @Charlie85270R - @LucBlackburn - @edviiz - @BitW0nka - @mbaril010 The company appears to be **investing significant resources** in this developer-focused event, suggesting important partnerships or announcements may be in the works. *DevConnect typically attracts key blockchain developers and projects, making it a strategic venue for business development activities.*
Parallel Money Adopts Octav API for Automated DAO Treasury Reporting
**Parallel Money** has integrated Octav's API to automate their DAO treasury reporting and user position pricing processes. The partnership highlights the growing need for **structured, reliable data** in digital asset management. Octav's API provides comprehensive DeFi position breakdowns and advanced PnL statistics across 25+ supported chains. Key benefits include: - Automated treasury reporting - Real-time position pricing - Enhanced financial decision-making capabilities This integration demonstrates how **disciplined digital asset management** relies on quality data infrastructure for DAOs and DeFi protocols.
Lido's Gearbox Instance Hits $25M TVL After Launch
Gearbox Protocol has launched a dedicated instance for Lido, reaching $25M in TVL shortly after launch. The integration creates a new wstETH credit market powered by Mellow Protocol vaults. Key features: - Up to 20x leverage for borrowers using Mellow markets - Lenders can provide wstETH without impermanent loss or lockups - Annual rewards available on DVstETH (14x) and rstETH (20x) The partnership showcases Gearbox's institutional-grade features: - Customizable rates - Deep liquidity - Security-tested infrastructure - No liquidity fragmentation [Learn more about the Lido instance](https://blog.gearbox.fi/lido-instance-2/)
Overnight Finance Introduces Batch Transaction Editing
Overnight Finance has launched a new feature enabling users to edit multiple transactions simultaneously, marking a significant improvement in transaction management efficiency. - Users can now select multiple transactions at once - Single-click transformation of transaction attributes - Supports bulk changes to transaction types and protocols - Streamlines reconciliation process This update builds on previous improvements to their transaction handling system, including the Zapin feature that allows consolidating multiple transactions into one.
Berachain Introduces Novel Proof-of-Liquidity Consensus Mechanism
Berachain, a new EVM-compatible L1 blockchain, introduces Proof-of-Liquidity (PoL) - a novel consensus mechanism that combines network security with liquidity provision. The system uses two tokens: - $BERA: Native gas token for security - $BGT: Governance token for liquidity providers Key features: - Validators can stake multiple tokens as liquidity - Integrated BeraHub for swapping, bridging, and LPing - $150k BERA rewards available through Euler markets The ecosystem incentivizes participation through an Incentive Marketplace where protocols can reward users with native tokens for interactions. [BeraHub](https://hub.berachain.com/) provides a streamlined user experience for financial operations.