Syscoin Rollux Weekly Update 2024.04.12

Weekly Video: Syscoin & Rollux: A Dapp Developer’s Dream

Syscoin and Rollux have changed the game by delivering the most secure, scalable, and affordable EVM in existence, and Syscoin’s data availability solution, Bitcoin DA (formerly PoDA), outclasses all alternatives. Better yet, Syscoin & Rollux are Bitcoin Maximalists, as in they upgrade Bitcoin to the maximum to leave alternative Layer 1s in the dust, even those who pioneered smart contracts and dapps, beating them at their own game. Bitcoin is the future of Web3 and DeFi, and Syscoin & Rollux are paving the road to get us there!

Join the Syscoin SocialFi Pulse Campaign: Earn Airdrop Rewards and Learn More About the Syscoin Ecosystem

Syscoin announces the launch of its SocialFi Pulse campaign, powered by @Galxe, inviting the community to engage and earn rewards as they usher in 2024, the year of the $SYS. This campaign offers a unique opportunity for participants to complete SocialFi tasks, earning loyalty points that can lead to rewards, bonuses, and perks in future initiatives. It's an ongoing effort to expand and energize the SYS Army, highlighting Syscoin's commitment to bringing Bitcoin rollups and the innovative zkDA technology to a broader audience. Participants can armor up and dive into this exciting campaign by following the Galxe link here, embarking on a journey of discovery and contribution within the Syscoin ecosystem.

Syscoin & Rollux: Shaping the Future of Web3 at Hong Kong Festival

The teams from Syscoin Foundation & Rollux (SYS Labs) made a compelling appearance at the Hong Kong Web3 Festival, sponsored by Hash Key, showcasing the vast potential of building on Bitcoin. The event served as a platform for previewing how Bitcoin could underpin the largest Web3 and DeFi ecosystem. Enthusiastic about the direction of crypto, Rollux’s presence highlighted the evolution of Web3, while Syscoin demonstrated the groundbreaking EVM scaling solutions Rollux offers. Proudly displaying the $SYS symbol, the teams engaged with attendees, spreading the vision of a Web3 future anchored by Bitcoin. The festival concluded with anticipation for the innovative paths Syscoin and Rollux are carving out in the blockchain landscape. For more details on their journey at the festival and insights into the future we're building, visit syscoin.org & rollux.com.

Climb the Ranks on NeonNexus: A Testnet Triumph

NeonNexus, the cutting-edge perpetual DEX constructed on the robust Rollux platform, unveils its leaderboard, offering a glimpse into the prowess of top traders and providing a stage for competitive spirits to showcase their trading acumen. As participants engage in the ongoing testnet campaign, NeonNexus is committed to iterative enhancements for an optimal decentralized exchange experience. Explore the leaderboard, test your strategies, and sharpen your trading skills at NeonNexus testnet. Ready to delve deeper? The testnet Guide offers a treasure map to mastering the platform. With a future brimming with updates and advancements, keep a close watch on NeonNexus — where every trade is a step towards victory. Get started now and join a community shaping the frontier of DeFi on neonnexus.io.

NeonNexus: An Unleashed Perpetual DEX Powered by Rollux

NeonNexus is igniting the DeFi space as Rollux's first native perpetual DEX, boasting up to 50x leverage on top-tier assets like ETH, BTC, SYS, and PSYS. The platform’s incentivized Testnet campaign invites users to experience groundbreaking leveraged trading and earn rewards. The novel DEX introduces an array of features, including market and limit orders, trigger orders for precise risk management, and NLP staking, where a diversified basket of major tokens awaits participants. Furthermore, NeonNexus simplifies obtaining test tokens through its dedicated faucet, ensuring users can easily engage with the ecosystem. With a generous allocation of trading fees to NLP stakers and a commitment to continuously refining user experience, NeonNexus is the new star in the DeFi constellation. Stay updated with the latest developments by following NeonNexus on Telegram, Discord, and through their documentation. Step into a brighter DeFi future by joining the NeonNexus Incentivized Testnet Campaign at dapptest.neonnexus.io.

Spotlight on Syscoin: Unveiling the Ecosystem's Strengths

Syscoin extends gratitude to @MNMastermind on X, or The Selfmades on YouTube, for their insightful video that casts a spotlight on the technical prowess and industry-leading position of Syscoin, Rollux, and SuperDapp. The video explains why Syscoin's Layer 2 solutions are setting new standards in the blockchain realm, outperforming Layer 1 and 2 projects like Solana, Avalanche, and Cardano. Syscoin emphasizes the importance of personal research, reminding the community that while the video offers a compelling look at Syscoin's unique advantages, it is not financial advice. 

Pali Wallet Goes Dark: Unveiling the Night Mode Update

Pali Wallet introduces the latest update, version 1.2.0, featuring a much-anticipated Night Mode. This new feature offers users a visually comfortable experience, easing their crypto journey during the late hours or in low-light environments. The update emphasizes user comfort, integrating a sleek, dark aesthetic that complements night-time activities. Dive into the new look and feel of your Pali Wallet, designed to suit your lifestyle's day-to-night transitions. Experience the difference yourself by downloading the updated app at Pali Mobile's Linktree, and turn off the lights on your traditional wallet experience.

Uno Re: Multi-Chain Coverage for Secure DeFi Navigation

Uno Re recognizes the evolving landscape of DeFi, which now spans multiple blockchains, increasing complexity and exposure to new risks. To address these challenges, Uno Re has enhanced its Cover Portal, offering robust protection against a range of risks including smart contract vulnerabilities, stablecoin de-pegging, and validator slashing across key blockchains like Avalanche, Ethereum, Solana, Polygon, Fantom, and Binance Smart Chain. This comprehensive multi-chain insurance coverage allows DeFi users to secure their investments with ease, providing a simplified, few-clicks process through a unified interface. Experience the peace of mind that comes with safeguarded DeFi interactions by securing your coverage today at Uno Re Cover Portal, where safety meets convenience in the expansive world of decentralized finance.

Shape Uno Re's Future: Tokenomics Update Proposal Vote

Uno Re DAO invites the community to participate in a pivotal vote on the proposed tokenomics update, now open on Snapshot Labs. This comprehensive proposal seeks to realign $UNO token distribution to fuel new product developments and strategic partnerships, enhancing Uno Re's position in the Web3 insurance and cybersecurity space. Key changes include adjusting the tokenomics to support L2 product development, partnerships with market makers, and increased insurance liquidity to enable higher coverage pools.

The proposal also suggests adding an extra vesting period for team tokens and consolidating multiple expense categories under one Treasury to streamline operations and ensure sustainable growth. This strategic update is designed to bolster Uno Re's market presence by unlocking access to vital capital, improving insurance liquidity rewards, and expanding its product range.

Community members are encouraged to review the details of the proposal, understand its impact on the ecosystem, and cast their votes. This is a significant opportunity to influence the trajectory of Uno Re DAO and ensure the community's needs and expectations are met. Join the discussion, provide feedback, and make your voice heard in shaping the future of Uno Re. Voting is now live at Snapshot and detailed proposal information can be found on Uno Re's Forum.

Jagdeep Sidhu’s Vision for a Unified Blockchain Future

Syscoin's Lead Core Developer and SYS Labs' CEO, Jagdeep Sidhu, has recently highlighted the crucial collaboration between East and West in advancing decentralized technologies, particularly from his experiences in China. He believes this synergy is key to defining the future of blockchain and decentralization.

In addressing blockchain security, Sidhu advocates for a shift towards zkEVMs and new ZK co-processors to enhance processing speeds, particularly beneficial for Rollux as a base for fractal chains focusing on settlement over scalability. His response to current debates underlines the need for advanced, fault-resistant blockchain structures.

Sidhu envisions a multi-layered blockchain architecture with Syscoin as the Layer 1 base chain for ordering and data availability, Rollux as Layer 2 for fractal chain base and rollup operations, and projects like Cartesi as Layer 3 for application-specific chains, all underpinned by Bitcoin's security. This integrated approach positions Syscoin and Rollux at the forefront of blockchain innovation and scalability.

Join Our Discord Communities Today!

The best way to stay updated, get involved, and maximize your benefits from this groundbreaking phase is to join our vibrant Discord communities.

🚀 Rollux Discord: This is the heart of all things Rollux. Get real-time updates, engage with the team, and be the first to know about new features, partnerships, and giveaways.

🌐 Syscoin Discord: Syscoin is the backbone of Rollux, and their Discord community is a treasure trove of insights and opportunities. Learn more about how Syscoin's technology powers Rollux and what it means for the future of DeFi.

👾 Luxy Discord: Luxy is taking NFTs to the next level, especially with the recent migration to Rollux. Join the Luxy Discord to stay ahead of exclusive NFT drops, farming opportunities, and more.

🎠 Pegasys Discord: As our DEX, Pegasys is a crucial part of the Rollux ecosystem. Join their Discord to learn about upcoming farming expansions, staking rewards, and liquidity incentives.

🤖 SuperDapp Discord: SuperDapp is SYS Labs’ killer dapp built to take full advantage of the intersection between Web3 and AI, centered around a social experience you won’t find anywhere else!

By joining these communities, you're not just observing—you're participating in the future of DeFi. So what are you waiting for? Click those links, hit 'Join,' and let's build the future together!