February 28, 2019 6:48 PM
Golem ditches Medium in favor of Ghost, the 0x Extensions feature enables different exchange types, and Set Protocol introduces Strategy Enabled Tokens.
Your daily distillation of crypto news for Thursday, February 28, 2019:
Golem Rides the Ghost
María Paula Fernández, who heads external relations for Golem, today announced that the project is migrating from Medium to Ghost, an open-source, hands-off publishing platform that other crypto organizations like Aragon have embraced.
After receiving reports from community members that its blog was down, Golem learned that Medium had disabled the feature of redirecting the team’s blog domain. Although this issue was part of Golem’s decision to leave Medium, Fernández also noted that the team believes in open-source communities and “being in control of [its] data.”
Additionally, Golem has created a Peepeth account to further embrace the ethos of censorship resistance.
0x Extensions for Different Exchange Types
Part of v2.0 of the 0x protocol is the recently announced 0x Extensions feature. With this new feature, projects can offer different types of crypto trading for their users, including Dutch auctions, automatic ETH wrapping and order filling, and whitelisting. Each of these trading types is enabled by an extension EDCC (aka smart contract).
The 0x team intends to create more extension contracts to further meet the needs of developers.
Automated Token-Trading Strategies with Sets
Set Protocol yesterday announced the introduction of Strategy Enabled Tokens (Sets), which the team describes as EDCC-based “tokenized trading strategies.” With these tokens, traders can automate certain trading strategies like going long or short, buying the dip, and dollar cost averaging.
In fact, Sets reportedly enable users to program any customized trading strategies into the contracts, for example, the condition “if the price of ETH goes above $1,000, then sell everything into 100% DAI.” Further, Sets function as ERC20 tokens and can thus be used across a variety of outlets, from being exchanged on 0x or Kyber to potentially being used as collateral for a loan on MakerDAO.
The Set Protocol team assures the community that these tokens are “not just a conceptualization,” adding that it’s “close to protocol code-completion and [is] at the tail end of code audits.” Set Protocol plans to soon publish a white paper to further describe the technical details of these tokens.
Dani is a full-time writer for ETHNews. He received his bachelor’s degree in English writing from the University of Nevada, Reno, where he also studied journalism and queer theory. In his free time, he writes poetry, plays the piano, and fangirls over fictional characters. He lives with his partner, three dogs, and two cats in the middle of nowhere, Nevada.
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