It wouldn't be possible without our community helping us test and sharing thoughts.
A lot of things were changed, a lot of features added, so we are waiting for your feedback!
Try Citadel.one 2.0:
http://app.citadel.one
Here you can share all your thoughts about new version.!
Here any user can post their article on a topic related to crypto, DeFi, Citadel.one platform, any network we support at our platform or as validators or are potentially going to support (for example, if you want to turn our attention to some network).
RULES
Dear Secret community!
We decided to vote NO on proposal #56 due to the number of concerns as we believe this proposal is unreasonable in multiple ways.
We doubt there is a need for such a large hardware investment considering all the cons it brings compared to outsourcing (rent):
Finally, we believe this proposal will lead to the unnecessary centralisation of hosting power in the hands of one entity.
Sincerely yours
Citadel.one team
Please leave any comments and thoughts on this proposal here!
Summary
We propose “Trading Reward Campaign Boost Update” to be implemented on Injective DEX.
By voting yes you approve of adding 3x maker and 2x taker boost for the INJ/USDT Spot Market, 3x maker and 1.2x taker for the INJ/USDT PERP Market.
Background
Injective Protocol is a decentralized exchange protocol that offers advanced features like cross-chain margin trading, derivatives, forex, synthetics, and futures trading.
Motivation
INJ is the native asset of the Injective Chain that has a variety of use cases on the Injective Protocol, which includes providing market-making incentives, governance, and block validator rewards. Thus, we believe it has to be the most liquid market.
Users are expected to transfer INJ from centralized exchanges and swap them for USDT they can use for derivative markets and spot markets. That’s why it makes sense to have the INJ markets with the biggest boosts in the Astro incentive program.
Specification
The voting period takes 2 days.
Please leave any comments and thoughts on this proposal here!
Summary
We propose “Trading Reward Campaign Boost Update” to be implemented on Injective DEX.
By voting yes you approve of adding 3x maker and 2x taker boost for the INJ/USDT Spot Market, 3x maker and 1.2x taker for the INJ/USDT PERP Market.
Background
Injective Protocol is a decentralized exchange protocol that offers advanced features like cross-chain margin trading, derivatives, forex, synthetics, and futures trading.
Motivation
INJ is the native asset of the Injective Chain that has a variety of use cases on the Injective Protocol, which includes providing market-making incentives, governance, and block validator rewards. Thus, we believe it has to be the most liquid market.
Users are expected to transfer INJ from centralized exchanges and swap them for USDT they can use for derivative markets and spot markets. That’s why it makes sense to have the INJ markets with the biggest boosts in the Astro incentive program.
Specification
The voting period takes 2 days.
As a community-driven project, we are always curious about what our users think of the ways we grow
How do you see Citadel.one future development? Do you have any ideas on the platform improvement?
Share all your thoughts and ideas here. We are going to take in count any suggestion:)
Citadel.one roadmap is going to be released this week!
We want to know, what do you think a good roadmap should look like? What kind of events do you want to see covered?
Write any of your thoughts here down bellow.
Learn about Crypto and Decentralized Finance
The Crypto 101 series describes the basic concepts required for any one new to crypto to gain a decent understanding of what cryptocurrency is and how it works. We’ve written a few useful guides already within the Crypto 101 series including the risks of investing in cryptocurrencies, how and where to buy crypto, how to withdraw from exchanges, and how to smartly invest in cryptocurrencies.
In this article you will learn about the leading trend in crypto of 2020/2021 — DeFi or Decentralized Finance. In Part 1 we will introduce the related terms, examples and sources.
Decentralized Finance emerged in 2018, but became widely spread in 2020 when such protocols as Yearn.Finance, Curve and other have taken the financial world by storm.
DeFi is simply defined as a form of finance that doesn’t rely on any central financial intermediary but instead uses a set of smart contracts for its operations and a governance token with which all decisions are made.
DeFi gives an opportunity for everyone to earn and take part in the wonder that is cryptocurrency, regardless of whether or not they have deep pockets. DeFi is for everyone!
Throughout this article, you will see the term “Smart Contract” mentioned a lot. A smart contract is defined as a set of instructions that are capable of executing themselves without the need for human input. For instance, a smart contract that is coded to send $5 to your friend on their birthday will do exactly that without any input from you as long as the account you’re sending from is funded.
Equally, you may see the term “liquidity pool” a lot as well. A liquidity pool is a collection of tokens that facilitates swaps on decentralized exchanges. These tokens are always added in a 50:50 ratio. For example, if you wanted to add liquidity to the ETH/USDT pool, you would have to add 50% ETH and 50% USDT. Liquidity providers (LPs) are given LP tokens representing their liquidity and stake in the liquidity pool.
Decentralized Exchanges
Let’s start from Decentralized exchanges (or DEXs), like Uniswap, Balancer or SecretSwap. These services allow users to swap one token to another through a set of smart contracts powering special liquidity pools.
These liquidity pools require users to add liquidity to them, which makes it decentralized as the liquidity belongs to the users. As a reward for adding liquidity, users are rewarded with a percentage of the swap fees the exchange obtains.
Decentralized exchanges allow users to have full custody over their cryptocurrency, making it less susceptible to hacks and exploits. There is also no issue of frozen funds, an issue that plagues centralized exchanges to date.
A good example of a DEX and liquidity provision platform is SecretSwap.
SecretSwap is a DeFi exchange platform that offers low fees and is privacy preserving. In other words, your private information stays secret when trading on SecretSwap. Secret Network also offers a feature that prevents front-running, and support wrapped versions of all major ERC-20 tokens.
Secret Network is constantly innovating, and is rolling out a Binance Chain bridge soon. Check out the article here!
Learn more about DEXs and how they work here.
Lending and Borrowing
Next up, we have Lending and Borrowing protocols like Compound and Aave. These protocols allow for decentralized borrowing and lending of cryptocurrencies without the need for a central body like a bank to issue the loans.
Once again, liquidity pools are utilized to offer the loans to prospective borrowers, and users that add tokens to these pools are rewarded with a portion of the fees paid to the platform by users.
The Aave Landing Platform
Aave is a popular lending and borrowing protocol that allows anyone to take out loans or provide liquidity for loans. Taking out loans involves depositing collateral for the loan, which ensures that the liquidity never dries up.
Liquidity providers are given Aave interest bearing tokens when they provide liquidity for loans. This allows them to track their interest in real time and always be covered in the case of an exploit in the smart contracts.
Decentralized lending and borrowing was a major breakthrough in the DeFi sector.
Staking Platforms
Equally, there are yield farms and staking platforms which allow users to delegate one cryptocurrency token to earn more of the delegated token or another token entirely.
Staking is the process of contributing to the network of the token by actively participating in network transaction validation. Staking usually gives rewards in the token you stake. It’s the most secure and easy way to earn passive income in the DeFi world.
Citadel.one is a great place to stake your cryptocurrencies and watch your earnings pour in real time! Learn more about staking with Citadel.one here.
Yield farming on the other hand is the staking of one token to earn another token entirely. This method is popular on many platforms which want to launch another token fairly.
Derivatives
Derivatives are tradable securities or contracts that derive their value from an underlying asset. They include investment products such as contracts for difference, options and futures.
Most famous example of such project is Synthetix.io. Synthetix is an Ethereum-based protocol for the issuance of synthetic assets. Analogous to derivatives in legacy finance, synthetic assets are financial instruments in the form of ERC-20 smart contracts known as “Synths” that track and provide the returns of another asset without requiring you to hold that asset.
DeFi Insurance
Yes, there are also decentralized alternatives to traditional insurance. The leading company in this sphere is Nexus Mutual. It replaces the idea of a traditional insurance company, because it is wholly owned by the members. The model encourages engagement as members will get economic incentives for participating in Risk Assessment, Claims Assessment and Governance.
Nexus Mutual
DeFi is a powerhouse, and now you know the basics of it! In Part 2 we will talk more about how DeFi works, how it’s structured, introduce more projects and ways to earn with DeFi. Stay tuned!
You can get started using DeFi and DeFi products on Citadel.one right now.
Also we welcome to subscribe to our blog on Medium, and check our latest DeFi Recap here.
Useful links
The risks of investing in cryptocurrencies
How and where to buy crypto
How to withdraw from exchanges
How to smartly invest in cryptocurrencies
About Citadel.one
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.
The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.
One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.
Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card. Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.
Among PoS platforms, Citadel.one supports Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST, Orbs, and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot and Ontology, are scheduled for the upcoming updates. Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the nearest future.
The central concept of Citadel.one is to be an all-in-one platform; we plan to support networks’ core functionality and provide further opportunities for interactions with integrated assets. That’s why we decided to introduce “Extensions.”
In the “Extensions” section, we plan to integrate highly demanded products (such as DeFi projects, Marketplaces, Address Book and etc.) natively.
Here’s the first batch of extensions we are planning to integrate into Citadel.one interface:
DeFi Extensions
DeFi products open up financial services to anyone with an internet connection and they’re largely owned and maintained by their users. There’s a decentralized alternative to most financial services. This is an ever-growing list:
One of the first dApps we are planning to integrate is a general supply borrow solution. The extension will allow Citadel.one users to access a borrowing protocol such as Compound Finance directly from the Citadel.one platform.
Voting and Governance
Voting as a form of decentralized governance is the key concept of many networks such as Cosmos, Secret Network, Tezos, ICON and others. With Governance extension you can vote and participate in governance directly from the Citadel.One platform and mobile app.
Contact Book
Contact Book will allow sending and receiving crypto to and from people on your contact list.
Extensions store
As we mentioned above, outside developers will be able to integrate their applications into Citadel.one platform. These apps will be available in the Extensions store. Users will be able to order pizza, set up periodic payments or manage NFTs. The main thing here is that the potential for integration is limitless.
This approach is more beneficial than the simple web 3.0.
Citadel.one will offer seamless connection with multiple wallet types, so users will be able to interact with extensions in their preferred way because our platform supports:
You will get fluid cross-platform experience on both web and mobile. This is especially important, because of the current state of web 3.0 apps which make them suitable for desktop users, but a huge pain for mobile users.
With these in place, Citadel.one will provide a service unlike any seen in the crypto space before, and the momentum this innovation brings will grant consumers access to the world’s first crypto Super App.
About Citadel.one
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.
The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.
One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.
Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card. Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.
Among PoS platforms, Citadel.one supports BAND network($BAND) Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST, Orbs, and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot and Ontology, are scheduled for the upcoming updates. Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the near future.
It wouldn't be possible without our community helping us test and sharing thoughts.
A lot of things were changed, a lot of features added, so we are waiting for your feedback!
Try Citadel.one 2.0:
http://app.citadel.one
Here you can share all your thoughts about new version.!
Here you can discuss proposals that take place in other networks, such as Cosmos, Secret Network, Osmosis, and others. Also, the foundation will post explanations for some votes here.
You can talk about anything here: cryptocurrencies, developments, marketing, prices, DeFi, etc.
RULES
Here you can find answers to popular questions, as well as ask your questions and share comments, give feedback and simply reveal your thoughts about the Citadel.one DAO project, platform, validator service, team, marketing, etc.
RULES
Here users as well as Foundation can offer their ideas for the development of Citadel.one DAO project.
New networks, features, extensions, use of the community fund, grant requests, marketing, and so on.
It should be borne in mind that all proposals, especially those concerning the financial aspect, are recommended to be made in accordance with our Constitution.
Citadel.one Validator Constitution: link.citadel.one/constitution
Paragraphs we advise to include in the proposal:
Abstract ideas and suggestions can also be added.