Market Volatility Alert

Backed Finance has launched bCSPX, an ERC-20 token tracking the iShares Core S&P 500 UCITS ETF USD on Gnosis Chain. This development allows for permissionless: - Dollar-cost averaging into S&P 500 - Liquidity provision opportunities - Earning swap fees and GNO rewards The token is deployed in a bCSPX/sDAI liquidity pool on Balancer, marking a significant step in bringing traditional financial assets on-chain. This integration represents Balancer's first venture into tokenized real-world assets (RWAs). [Learn more about the pool](https://balancer.fi/pools/gnosis/v2/0xae2a38545167be5a2eba9b931b28de5a7d95315e0002000000000000000000cc)

SEED Latam has launched an exciting initiative to bring builders from Latin America to Devcon, the Ethereum Foundation's developer conference. n Key details: - 5 lucky winners will receive sponsorships - Winners will join the journey to Devcon - This initiative aims to increase Latin American representation at the conference The Devcon Scholars Program is also returning for Devcon Southeast Asia. This program offers: - More than just conference attendance - Opportunity to connect builders from diverse backgrounds - Chance to engage with the global Ethereum community These initiatives highlight efforts to make Devcon more inclusive and accessible to developers from various regions. They provide valuable opportunities for networking, learning, and contributing to the Ethereum ecosystem.

At Arbitrum Day, @iamnicki15 highlighted the need to look beyond Automated Market Makers (AMMs) in DeFi. While AMMs are crucial, other opportunities exist, such as Dollar-Cost Averaging (DCA). DCA allows investors to make recurring purchases over time, potentially lowering the average buying price of assets. This strategy can help build a more stable portfolio by reducing risk associated with market volatility. The discussion emphasized the importance of exploring diverse DeFi strategies beyond traditional AMM models to unlock new possibilities for investors and DAOs.

Stackly, powered by CoWSwap, has announced the integration of recurring buy functionality on the Arbitrum network. This new feature allows users to set up automated, periodic purchases of their chosen tokens, implementing a dollar-cost averaging (DCA) strategy. The service aims to provide a long-term investment option for users seeking to mitigate market volatility risks. Investors can now select their preferred token, set the frequency of purchases, and let the system handle the rest. This integration is designed to simplify the investment process and potentially reduce the stress associated with timing the market.

A new service has been launched that allows users to program recurring purchases of their preferred cryptocurrency tokens directly on the blockchain. By visiting the company's website and connecting a digital wallet, users can set up automated recurring buys of tokens like Gnosis and Ethereum, with support for Layer 2 solutions coming soon. This feature aims to help investors build their portfolios gradually over time without trying to time the market.