SnoopyBabe is not just a memecoin project dedicated to China’s cutest cat. This project has launched a useful Ecosystem: SnoopyBabe TON Tools | SnoopyBabe SOL Tools | SnoopyBabe Play | New app Web3 Soon

SnoopyBabe combines in its ecosystem several Solana and Ton networks, two of the fastest and most promising blockchains. The project initially launched its $SBABE token on the Solana blockchain. And it also launched a useful Web3 ecosystem on the Solana network, which is constantly being expanded and updated.

The SnoopyBabe ecosystem on the Solana network and their token $SBABE

SnoopyBabe SOL Tools bot V1.1

SnoopyBabe developed and are launching SnoopyBabe SOL Tools: https://t.me/sbabe_tools_bot

This bot will be useful first of all for investors to have all useful tools for Solana in one place.

In this version 1.1 , you can track price changes on other projects and receive customizable notifications. This project increased to 15 contract addresses for tracking in this version.
Additionally in this Version 1.1 they added Security Check feature: Mintable | Mutable Info | Creation TX | Ownership Renounced | Creator Address | Creator Balance | Token % of Creator | Freezable. In a future V1.2 update, they add the LP Burn | LP Locked check feature, as well as expand the number of contracts in the basic free version and add other useful features.

A little later they will add paid subscriptions that will give advanced features, but all the basic features will be available for free. The project will also add a referral program so that you can recommend SnoopyBabe SOL Tools to your friends and colleagues and get additional bonuses and rewards.

SnoopyBabe Play: Solana Web3 blockchain gaming platform

Play, earn and have fun together at SnoopyBabe: https://play.snoopybabe.com 

SnoopyBabe are launching this new kind of Web3 ecosystem through which you can test your luck and try to win $Solana or $SBABE tokens. All SnoopyBabe games in our “Play” section uses a verifiable randomized game protocol on the chain, Gamba. (https://explorer.gamba.so/) Guacamole, Fronk Casino, SolVegas, etc. are launched on this platform. But you can see SnoopyBabe design and  development has gone further than these projects. Just compare SnoopyBabr Play site and slots and you will see the huge difference yourself! Therefore, everything is completely clear and safe.

SnoopyBabe Web3 ecosystem on the TON network and their token $SBABE

SnoopyBabe TON Tools V1.0: a useful tool for all investors on the TON network

SnoopyBabe TON Tools has officially been added to Ton.app – https://ton.app/utilities/ton-tools-bot?id=1546

SnoopyBabe developed  and are launching SnoopyBabe TON Tools. This bot will be useful for all investors in the TON network. Investors will be able to receive customizable price change alerts to make a timely decision to sell or buy. In this version, you can add up to 10 contract addresses for tracking purposes. This early version adds a Security Check (Audit): Check for Ownership Revoked | Check for Mint more jettons | Check for Change Metadata.

In the next updates project improve the Security Check and add more parameters that bot will check. Additionally project will integrate Telegram Wallet into SnoopyBabe TON Tools and that will allow investors to buy and sell directly in bot. In the future project will add SnoopyBabe Sniper TON Bot feature that will allow to quickly find new projects in TON network and make profitable deals for investors at an early stage. SnoopyBabe TON Tools starts with the V1.0 release, and then every month additional useful features and functions will be added.

A little later project will add paid subscriptions with payment feature in $SBABET and $TON, which will give advanced features, but all basic functions will be available for free. SnoopyBabe TON Tools will be a separate ecosystem within their main ecosystem.

Fairlaunch of the $SBABET token (Ton network) on the Launchpad TonRaffles

The project is currently running a Fair Launch for their new token $SBABET. It is taking place on the TonRaffles Launchpad and will run until April 02. The project has already raised over 1000 TON and continues to grow. Also works affiliate program: bring friends and contacts on your affiliate link and get 5% in TON from the amount of their participation.

Tonraffles Launchpad: https://tonraffles.app/jetton/fairlaunch/SBABET

Conclusions

This project though is a live cat meme from China, but it’s not just a meme coin. They are working hard on their ecosystem and constantly expanding it. They are releasing new useful applications, and as we have checked they are immediately working versions and not empty promises. And also as we noticed everything looks very high quality. Now they want to combine two networks in their ecosystem and launch more useful applications and even create a bridge between the networks. But as said by SnoopyBabe project developers they don’t give empty promises. And that’s why they announce only when their useful application is ready to launch. You can see their project yourself and check their already launched ecosystem and check everything yourself.

Website: https://snoopybabe.com/
SnoopyBabe TON Tools: https://t.me/sbabet_tools_bot
SnoopyBabe SOL Tools: https://t.me/sbabe_tools_bot
SnoopyBabe Play: https://play.snoopybabe.com/
White Paper V3.0: https://snoopybabe.com/Snoopy_Whitepaper.pdf
FAQ: https://docs.snoopybabe.com/sbabe/

Over the past year, several major cryptocurrency companies have suffered, and the banking industry is also in crisis. Our experts tell us what problems the DeFi sector is solving

Cryptocurrencies returned to growth in 2023. Since the beginning of January, Bitcoin’s price soared 70% and hit a local high above $28,000. The largest altcoins in terms of capitalization also rose in price following Bitcoin. At the same time, the banking system is suffering: it all began with the bankruptcy of three banks in the United States (Sillicon Valley Bank (SVB), Silvergate and Signature Bank). And then the problems of Swiss Credit Suisse, which was saved by the takeover of UBS. However, the situation continues to be uncertain. And more and more investors are looking toward DeFi.

For cryptocurrencies now also plays the fact that the U.S. authorities are trying to reduce tensions in the banking sector. And to take additional measures. And, as we remember from recent history, low Fed rates and “dovish” policy of the U.S. authorities. Then it’s a path for risky assets to hit record highs. It was during quantitative easing (QE) that Bitcoin quotes were at a peak of $69,000. And after the change in QE, the crypto market began to correct.

It is important to understand the high dependence of digital currency quotes on U.S. policy. This is a serious factor, but not a determining one. Last year, several major cryptocurrency companies, including trading venues and hedge funds, went bankrupt. The most famous example is the FTX exchange, as well as the Terra project. The total losses amounted to billions of dollars.

The main problem of both the banking sector and the largest bankrupt crypto-projects is centralization. In order to solve it, financial services in the form of services and applications – decentralized finance (DeFi) – were created on blockchain. They are an alternative to the banking sector, which is particularly vulnerable in recent times. And a replacement for the traditional technologies of the financial system.

Important benefits of decentralized finance

A key advantage of DeFi is the ability to function without the need for a third party. A computer program executes agreements between two or more parties. As a result, under one condition or another, certain actions take place. This is the principle on which the smart contract works.

Just as importantly, when working with DeFi-service, the user is always in control of all of his funds. Customers of centralized platforms (whether banks or exchanges) have to trust them with their money, to give it for deposit. In the case of decentralized finance the client connects his own wallet and conducts all transactions directly from it.

The DeFi market is just beginning to develop. Our experts estimate that only 7 million people have used decentralized finance protocols so far. The potential growth of this sphere is estimated to be at least 50 times in the coming years.

In conditions of banking crisis and collapse of centralized giants of crypto-industry, probably, it makes sense to pay attention to the sphere of decentralized finance DeFi. This is a promising industry that is just beginning to develop, and with the right approach, allows investors to work with their assets in a transparent and relatively safe way.

A wave of repression by U.S. exchange regulators is affecting the companies behind development of decentralized crypto exchanges. Review by Crypto Upvotes experts

The cryptocurrency exchange dYdX, one of the most popular DeFi trading platforms. It is on its way to becoming a fully decentralized project, not the least of which is the policy of the U.S. government. Right now it’s running on a hybrid decentralized model. But in September, developers plan to launch a new version of it. This should help reduce the influence of centralized structures, on which it still has to rely.

The exchange depends at least on the dYdX Trading behind its development and StarkWare’s solutions for scaling trading capabilities on the Ethereum network. In the new version, dYdX will run on the Cosmos blockchain and leverage its own protocols. This is to minimize reliance on centralized links, any of which could potentially be pressured by regulators.

Decentralized finance (DeFi) projects are characterized by the absence of intermediaries for trading or loan transactions in crypto-assets. An automated protocol, the smart contract, plays the role of an intermediary. However, as in the case of dYdX, the development of this protocol is the responsibility of a specific company and team of developers.

Most DeFi projects issue their own tokens, which are traded on cryptocurrency exchanges. After the head of the U.S. SEC Gary Gensler said. that almost all existing crypto-assets are considered securities by the agency, any token issuer potentially falls under the agency’s oversight.

Repressions from the SEC of epic proportions

Speaking to community members during a conference call on March 30. The head of another decentralized exchange, SushiSwap, Jared Gray. Said he “stopped getting inspired” by his work. Gray spoke candidly about his attitude towards American regulators. In particular, he mentioned Senator Elizabeth Warren’s campaign platform, which included a total ban on cryptocurrency transactions in the United States. Politico published an article about Warren, saying in the headline that she was “raising an army against cryptocurrencies.

The week before, Gray revealed that he had received a subpoena from the SEC regarding his involvement with SushiSwap. To fund the impending lawsuit, Gray brought a proposal to the exchange’s existing Decentralized Autonomous Organization (DAO). In it, he proposed setting aside $4 million from the Treasury of the Record to create a “Sushi DAO Legal Defense Fund.”

“This is about an onslaught and retaliation of epic proportions, and it’s only going to get worse,” warned former SEC official John Reed Stark in a commentary for Bloomberg. Stark served as a senior adviser to the agency. And headed the Internet enforcement offices. He observed that regulators initially left market leaders untouched, focusing on easy-to-access projects. But now they’re targeting the big players as well.

What’s already happened this year

Also earlier this year, the SEC sued the cryptocurrency exchange Gemini because its Earn. Which allows users of the site to earn interest from lending their tokens. The service then fined Kraken exchange $30 million, while equating its stacking service with making money from unregistered securities. Later, the agency banned Paxos from issuing the BUSD token. It was second only to Tether’s USDC and Circle’s USDC in terms of capitalization.

In late March, the SEC accused Tron blockchain founder and Huobi exchange co-owner Justin Sun of artificially inflating trading volumes on the exchange. Just the same day, Coinbase received a notice from the SEC. It threatened to sue over a number of tokens and financial products available on this platform.

Full decentralization is needed to save crypto exchanges

Decentralized exchanges are already passing Coinbase in terms of trading volumes. Uniswap reached $71.6 billion in March, according to The Block Research. This is 45% higher than Coinbase’s $49.4 billion in the same month. Among traditional crypto exchanges, Coinbase is second only to Binance in terms of volume.

Summing up the results of the first quarter of this year Coinbase representatives wrote. That the trends on the exchange reflect a larger market. The actions of the SEC and CFTC only underscore the uncertainty surrounding Ethereum and other altcoins.

Referring to the Coinbase situation, in an interview with Bloomberg, dYdX head Antonio Giuliano says. About more and more cryptocompanies refusing to actively engage with regulators in the U.S. against the backdrop of what is happening. His company, dYdX Trading, will continue to work on the protocol after the launch of the new version of the exchange.

According to Giuliano, the network on which the next version of dYdX will run will work with multiple transaction validators. This is to minimize the risks of being banned or censored, to which the centralized mechanism is subject. The exchange will not technically have the ability to reject or censor transactions.

Our experts believe that the final form for everything in DeFi should be complete decentralization !

Daily futures trading volume on DeFi platforms reached $5 billion. This is the biggest amount since Terra collapsed in May of this year. Crypto-Upvotes expert review.

DeFi platforms increased revenues amid the outflow of funds from centralized exchanges that occurred due to the collapse of FTX. On-chain data showed an increase in activity on decentralized futures trading platforms and an increase in revenue for DeFi protocols, Cointelegraph reported.

However, not all decentralized applications (DApps) and protocols show such a trend. Because some of them have financial ties to FTX and Alameda. But data on DeFi projects’ revenues show that at least three protocols have exceeded $1 million in the last seven days, including Ethereum and OpenSea Marketplace.

Decentralized futures trading platforms have increased their trading volumes to record levels. Their daily turnover reached $5 billion, the highest since the Terra token crash in May of this year.

Despite the increase in trading volume, the total value of locked-in assets (TVL) at DeFi only increased at seven networks. Gains Network, a futures trading platform on the Polygon network, showed the biggest increase. Its TVL increased 17.3% over the week. And inter-network protocol Ren saw its TVL drop by 50%. This is because Ren worked closely with Alameda. And received quarterly funding and stored its funds directly on FTX.

Blockchain’s profit growth comes on top of an unchanged number of daily active users. Compared to previous weeks, the daily profits of leading blockchains have increased by more than 300%. This suggests that transactions among existing users are occurring more frequently.

Despite growth in profits, only Ethereum made profits among PoS-based blockchains. Other leading networks such as Polygon, BNB Smart Chain and Optimism did not profit. Holders of these tokens suffered inflationary losses.

In what cases is borrowed liquidity useful in DeFi. And also what dangers it brings. And how to borrow for a user who owns Bitcoins. Crypto-Upvotes expert review

Rapid falls and rises in quotations are characteristic of cryptocurrency sector. Part of the high volatility is due to the large share of borrowed capital involved in transactions. Nevertheless, convenient borrowed liquidity is also one of strong points and features of DeFi finance.

Virtually every blockchain ecosystem has its own decentralized finance loan protocol. And the largest blockchains even have several. Such protocols work roughly the same way: by freezing their coins in a smart contract, users can release liquidity. When they receive credit in desired cryptocurrency or stabelcoins, interest accrues on deposit and borrowing. And for using a platform, a bonus is given as tokens to vote on future protocol development. Stablecoin borrowing usually comes at an impressively low interest rate of 1% to 2% per year.

Annual interest rates for coin deposits to the protocol or borrowing are identical for most large and time-tested platforms. Therefore, users can choose a product based solely on the overall usability of a particular blockchain and its software solutions. Thus, if a user, for example, frequently makes coin exchanges on Solana. And on the same blockchain plays some kind of P2E game, then the loan protocol as well, if needed. It will be more convenient for him to choose on the same blockchain.

DeFi borrowing is very easy and fast

This is an extremely convenient and fast process, which speeds up the already rapid movement of liquidity within the cryptocurrency sector.

When the market falls, traders using DeFi loans are forced to close their positions quickly. Because there is a danger of liquidation of collateral, thereby further accelerating the fall. When the market rises, it is also easy for traders to continue to create new buying volume. As the value of collateral assets rises, it makes it possible to increase the size of loans.

Similarly, borrowing protocols have already been used many times in market manipulations to collapse the rate of coins.

Is borrowing a unique advantage of crypto-assets or a dangerous trap?

The practice of borrowing against property or other valuables has been known since ancient times and is still widely used today. However, cryptocurrencies stand out among all other types of assets because of the incredible ease of obtaining borrowed liquidity. And complete freedom of its movement.

Owners of classic stocks in brokerage accounts might object. Because most brokerage platforms also provide credit leverage. Which is based on the capital available to this user. This is true, but there are two key differences that drastically distinguish web2 and web3.

For web2, the annual interest rate on borrowed brokerage funds will be significantly higher. And you will only be able to use the funds conveniently within the original platform. In the case of DeFi, borrowed funds are instantly deposited into the user’s wallet. And immediately can be used and transferred to third-party wallets and services without any restrictions.

When is borrowed liquidity useful?

The most valuable use of DeFi borrowing will be for those wishing to preserve the growth potential of their assets. Since its launch, crypto sector has been in a correction most of the time. Conversely, only briefly at its price peaks. Such moments are easy to miss if you sell an asset when you need dollar liquidity. And hope to buy it again later. And a rapid rise can happen in a few weeks or even days.

Borrowed liquidity can also be particularly useful for emerging market users with small deposits. Who strive to increase their crypto-assets portfolio step by step, if possible. For such category of users, the use of DeFi-protocols allows not to part with crypto-assets during an unfavorable market phase.

Of course, such tools carry a lot of dangers for inexperienced users. It is critical to keep statistics of all borrowings made. As well as to monitor your open positions. Which is based on the ratio of borrowed liquidity to the provided collateral. The safest ratio is no more than 1/3.

We recommend using only the least volatile of the coins, such as ETH or BTC, as collateral. Volatility of BTC has been steadily declining this year, and amid geopolitical instability has fallen below many fiat currencies and even the S&P500 index.

I have Bitcoin, how do I get liquidity and what are these risks?

The crypto sector’s flagship blockchain does not support smart contracts by default. Therefore, the first action for BTC holders on its main network would be to transfer Bitcoin to another network. One that supports DeFi-interactions. It is possible to move to another network in a decentralized way, using one of the bridges. Or by using a centralized exchange. In this case, the user will need to bring your BTCs to exchange, sell them, withdraw amount in main asset of destination network (for example, for Matic it will be Matic). And then exchange the asset back to the “wrapped” BTC on the new blockchain using any of DEX. At the same time, leaving some asset to the network itself to pay subsequent commissions.

Despite the many pros and little studied new ways of using borrowed liquidity. Its use remains extremely dangerous and involves risks every step of the way. Smart contract hacks, credit protocol oracle failures. Which can lead to accidental liquidations. Or the excitement and gambling addiction from feeling the possibility of getting “free funds” . This is just a short list of dangers awaiting users.