30 May

“Any U.S. CBDC should maintain the existing two-tier banking system, the paper said.

When we do big things in the United States, it’s almost always a very healthy partnership with the private sector and the public sector.

Under this model, the Fed would issue digital dollars to banks, while users could either store funds in their accounts or hold onto these tokenized dollars in their own digital wallets. The bank would be able to lend against the funds held in accounts.

These deposits underpin the U.S. entire economy by enabling banks to lend funds to borrowers.

The digital dollar envisioned by the paper could even operate alongside private stablecoins, the paper said. The two-tiered system would also need to include anti-money laundering and know-your-customer (AML/KYC) rules.

To have the end points of where the tokens can move be a regulated wallet infrastructure we think is likely the best answer.

The next step for the project is to develop a series of pilot programs and tests.”

“Amazon has patented a distributed ledger-based (DLT) system for proving the authenticity of consumer goods. The patent describes using DLT to infuse ‘digital trust from the first mile of an item’s supply chain‘ to the last.

Amazon’s system compiles data from distributors, manufacturers and shippers on an “open framework” that builds a product provenance across information silos. This data could be neatly packaged for the consumer.

Amazon said in the patent that Hyperledger could be one form of DLT used.”

Mike Maloney: 1929 vs Now (Good watch!)

Coinbase Pro will begin accepting MKR deposits on Monday, June 8. Trading is slated to commence at approximately 9am Pacific Time on June 9.

Maker currently comprises the largest DeFi project by assets under management, currently representing $486.3 million in locked funds or 54% of the entire DeFi capitalization.”

“The Aave lending protocol introduced a new market based on Uniswap liquidity tokens. Each liquidity token represents ownership in a Uniswap liquidity provider pool. Liquidity providers receive a portion of the trading fees acquired by the Uniswap protocol.

An interesting use case of this system is opening leveraged liquidity pool positions. As Aave wrote, this will greatly reduce decentralized exchange slippage,’ as the liquidity pools can be inflated through borrowed money.

This will [also] effectively let users receive interest from two protocols at once.”

“Equigy’s system is a free platform for registering and tracking energy transactions allowing home batteries and electric cars to sell electricity to the grid.

Green Tech Media reported on May 29 that three major European Union electricity transmission system operators, or TSOs, joined Equigy’s platform. Equigy decided to run its system on a private instance of the Hyperledger framework.”

“While there are at least two global TON-based initiatives so far, namely Free TON and NewTON, the Chinese TON Community has opted to launch their own TON network.

We plan to start the TON Blockchain testnet in the first step, recruit more nodes and developers to join the network and test the network, and then redesign network rules that are more adapted to the current context.”