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USDD is a massive stablecoin that describes itself as ‘algorithmic’ and has a market capitalization of approximately $730 million. However, despite this size and seeming importance, it has a variety of issues, from its design to its reserves and its partners. Changes to USDD When USDD was launched, it was intended to inherit an algorithmic design reminiscent of the Luna-Terra system. The original whitepaper described how, by the end of 2022, Tron version 5.0 was going to be released, which would integrate USDD minting and redemption directly into the core of the protocol. However, as of press Tron version 5.0 has yet to be released.  This version was meant to actually ‘burn’ the tron (TRX) used to issue new USDD; currently, the TRX that is ‘burned’ isn’t burned but instead held in a wallet and counted as collateral for the token. Following the collapse of the Luna-Terra system, more recent whitepapers for USDD no longer mention bei...

Decentralization could help bring scientists in underfunded fields and locations to the table without requiring relocation or reemployment The Nature science journal recently published an editorial in its Nature Bioscience section lauding the use of decentralized autonomous organizations (DAOs) as a revolutionary new method by which researchers working in underfunded scientific fields can create communities around their work and raise funding which, otherwise, might not be available. In a DAO-based research scheme, a project’s organization, fundraising, feedback, and pipeline from discovery to product/industry can all be handled by the same decentralized governing body. Per the Nature article, the general workflow would also be streamlined compared to the status quo: “Project proposals are sent to the DAO, and each DAO member is able to vote on whether a particular project should be funded. Members have tokens … to provide support and feedback to new project proposals. Research result...

Coinbase's Base network completed its phased launch on Aug. 9, and is officially open to end-users. Coinbase’s Base network has officially launched after spending a few weeks in an “open for builders only” phase. The network is now ready to onboard users, according to an Aug. 9 announcement from the team. Several Web3 development teams have simultaneously announced that they are releasing apps for Base, and the network’s team has released a schedule of upcoming events to celebrate its launch. Base is open and Onchain Summer is here Become a part of Base history by minting “Base Day One” to join the story of bringing the world onchain Our story.https://t.co/qaDj7CBCMd pic.twitter.com/9PZCLQQV7p — Base ️ (@BuildOnBase) August 9, 2023 Base initially launched in beta version on Feb. 23. As soon as it was announced, many in the crypto community speculated that it could help to onboard more users into Web3 protocols, thanks to Coinbase’s large user base. The network launched its main...