BadgerDAO DIGG Rebase, Chainlink Guide and ETH Network Growth

Decentralise Daily #92

Jan 26, 2021

📰 Decentralise Daily #92

Decentralise Daily is the daily DEFI newsletter breaking down the latest news and developments.

DEFI (Decentralised Finance) is a revolutionary movement built on Ethereum providing open financial tools for a global audience.

The space moves at lightning pace, so subscribe to get the latest news and market highlights direct to your inbox.

📊 Market Highlights:

🦡 BadgerDAO DIGG Rebase

₿adger DAO 🦡 @BadgerDAO

3rd $DIGG Rebase Complete! Round 3 = Positive Rebase of 153.1% This equates to a 15.31% increase today across the entire supply. See how the supply adjusted from 5119 pre-rebase etherscan.io/token/0x798D1b… Round 4 tomorrow 3pm EST

DIGG has completed it’s third rebase, increasing every wallet’s supply by 15.31%.

DIGG is BadgerDAO’s elastic supply BTC-pegged token.

It has recently been trading far above peg with strong user demand. After the rebase the token price has fallen from $86k to $52k.

There have been unconfirmed reports that this rebase caused an issue with Sushiswap allowing a user to walk away with 81 ETH. The issue has allegedly now been fixed.

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📚 Beginner’s Guide to Chainlink

Chainlink - Official Channel @chainlink

Chainlink has emerged as critical infrastructure for connecting blockchains to the real world. Here’s a definitive guide for anyone new to decentralized oracles who wants to understand how #Chainlink enables smart contracts to reach their full potential.

blog.chain.linkWhat Is Chainlink?Learn about Chainlink using our beginner’s guide, which introduces blockchain oracles, the oracle problem, and universally connected smart contracts.

Chainlink has been going from win to win, with many new integrations and LINK hitting a new ATH of $25.63 yesterday.

If you’re not familiar with Chainlink the latest blog post clearly lays out the ecosystem and it’s valuable role for DeFi protocols and beyond.

Check out this incredible overview of Chainlink in 2021 from SmartContent, who continue to put out incredibly detailed analysis.

Don’t miss the interview Decentralise did with ChainlinkGod last month.

Ξ ETH Network Growth

Token Terminal @tokenterminal

Price to sales ratios (P/S): @Polkadot: 50,235.61x @ethereum: 48.13x

The Ethereum network continues to dwarf competitors, with daily total fees paid eclipsing Bitcoin 4x.

Demand for the Ethereum network and the DeFi protocols it empowers continue to lead the industry.

There is currently $32b of value locked in DeFi protocols according to DeFiLlama.

🗞️ Previous Newsletter:

🍣 Sushiswap Onsen and UI updates and ETH ATH

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