Scroll's VORTEx Hackathon Goes Live
Scroll's VORTEx Hackathon Goes Live
🌪️ Brace Yourself, Coders!
Scroll has announced the commencement of its VORTEx Hackathon, a global virtual event. The opening ceremony will be livestreamed, allowing participants from around the world to tune in at 11:00 AM Eastern Standard Time or 3:00 PM Coordinated Universal Time. Further details about the hackathon and the Scroll community can be found through the provided link.
Scroll's VORTEx Hackathon is now LIVE 🌪️ We will be livestreaming the opening ceremony, so tune in from any location around the globe! 📍 Join us at 11:00am EST//3:00pm UTC 🔗 youtube.com/watch?v=DXxmwf…
Calling all contributooors! A VORTEx ravages through the @Scroll_ZKP ecosystem, sucking in the most talented contributors.. 🌪 🌪 Do you have what it takes to hack your way through the vortex to claim a share in our $85,000 prize pool? 🧵 dorahacks.io/hackathon/v0rt…
Scroll Protocol Hosts Successful Seoul Event with Xangle
Scroll Protocol hosted a well-attended event in Seoul in collaboration with Xangle, focusing on protocol improvements and stablecoin developments, particularly QuillFi's USDQ. The event builds on growing Korean Web3 momentum, where users are gradually transitioning from centralized to decentralized exchanges. Key highlights: - Full venue attendance - Discussion of protocol updates - Focus on stablecoin innovation - Partnership with Xangle - QuillFi's USDQ presentation Event organization credits go to @yoomsieeee and @juwonleedev.
Curve Finance Introduces Soft Liquidations for DeFi Lending
Curve Finance has developed a new soft liquidation system to address sleep-depriving DeFi lending risks. Key features: - Instead of instant liquidations, collateral gradually converts to stablecoins across price ranges - System helps users avoid $10,000+ gas fees during market crashes - crvUSD stablecoin generates 50% of Curve's revenue despite smaller TVL The innovation could extend beyond crypto into the multi-trillion dollar Forex market. Major financial institutions are studying similar models, inspired by Tether's $150B success. Learn more at [Stable School](https://stableschool.org)
Scroll Research Introduces Subcommitments for Rollup Finality
Scroll Research has developed a breakthrough solution to the finality trilemma in blockchain technology. Their new subcommitments mechanism enables rollups to achieve rapid off-chain finality while maintaining security and cost-effectiveness. Key points: - Addresses traditional tradeoffs between speed, security, and cost - Specifically designed for zero-knowledge proof-based Ethereum rollups - Enhances scalability without compromising on core blockchain properties This development comes as ZK-rollups continue to demonstrate their capability in handling increased transaction volumes on Ethereum.
Argentina's Multiple Dollar Exchange Rates Highlight Stablecoin Adoption
Argentina's complex currency situation has led to multiple unofficial dollar exchange rates, including: - Dollar blue (black market rate) - Dollar Qatar (World Cup specific) - Dollar Coldplay (concert tickets) - Dollar small face (older bills) **Key Impact**: Citizens can lose up to 40% of their money using official exchange rates, effectively cutting their paychecks nearly in half. In response, Argentinians are increasingly turning to stablecoins as a practical solution to escape foreign exchange chaos and preserve their wealth. Learn more at [StableSchool](https://stableschool.org/news/11)
Tempest Finance Launches AI-Powered Vaults on Ambient Finance
Tempest Finance has launched AI-powered vaults on Ambient Finance, offering users simplified liquidity management through one-click optimization. The vaults are now natively deployed on the Scroll network. Key features: - Single-click liquidity management - AI-powered optimization - Native integration with Ambient's web frontend - Full deployment on Scroll network The integration streamlines DeFi operations for users seeking efficient portfolio management without complex manual adjustments.