Syscoin Rollux Weekly Update 2024.06.07

Weekly Video: Sidhu Illuminates Syscoin’s Innovations on "The Crypto Rundown"

Tune into "The Crypto Rundown" episode 193 to catch Syscoin’s Lead Core Developer and SYS Labs CEO, Jagdeep Sidhu, as he dives deep into the technological strides and strategic innovations propelling Syscoin forward. Sidhu discusses the integration of AI and blockchain to enhance Syscoin's platform, emphasizing security, scalability, and efficiency while maintaining a decentralized ethos. This engaging session provides valuable insights into Syscoin’s role in advancing blockchain technology, making it an essential listen for anyone interested in the future of crypto derivatives and blockchain technology. Listen at your convenience to understand why Syscoin remains at the forefront of blockchain innovation.

Rollux & Antpool Forge Stronger Ties at Antminer Oasis Event

During the vibrant Consensus 2024 conference in Austin, Texas, key players from Rollux and Antpool, a subsidiary of Bitmain and the world's second-largest Bitcoin mining pool, had a significant meet-up. Hosted by Bitmain at the Antminer Oasis event, this gathering underscored the strengthening collaboration between these major blockchain entities. Rollux, renowned for its integration with Syscoin—where $SYS utility tokens are merge-mined with a substantial portion of Bitcoin's mining power—expressed gratitude for the productive discussions and opportunities shared. This meeting not only highlighted their ongoing partnership but also set the stage for future initiatives aimed at enhancing blockchain and mining technologies.

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.

Dive into Innovation: Pollum's Rollux Hacker House at ETHRio 2024 

At ETHRio 2024, the Pollum team led an exciting Hacker House devoted to building on the Rollux chain, powered by SYS Labs. This event showcased the depth of collaboration and innovation within the Syscoin Rollux ecosystem, emphasizing Rollux's capabilities in fostering development across its protocols. A special video released by Pollum captures the essence of this event, highlighting the collaborative efforts and innovative projects that emerged. Watch the video by following the link in the Rollux tweet below to see how Pollum, alongside Rollux and SYS Labs, is pushing the boundaries of blockchain development, inspiring developers and enriching the community with cutting-edge technological advancements.

Enkrypt Wallet Expands Support for Syscoin & Rollux

Enkrypt, a browser extension wallet crafted by the MyEtherWallet team, has broadened its support to include Syscoin and Rollux, enhancing user accessibility for managing $SYS tokens. This wallet, which supports over 50 networks, is open-source and self-custodial, empowering users with the motto "Your keys, your coins." With this integration, Enkrypt now facilitates secure and efficient transactions of SYS for Syscoin’s NEVM and Rollux’s Superchain capabilities on the Bitcoin network, aligning with Syscoin's mission to enhance Bitcoin’s functionality without compromising its core principles. Users looking to leverage these new features can download the Enkrypt wallet at enkrypt.com/download.html, ensuring a seamless and secure experience across multiple blockchain environments. You can also check out their handy walkthroughs for both, Syscoin and Rollux.

Maximizing Mining: Syscoin's Merged Mining Unlocks Dual Rewards

Syscoin is enhancing the Bitcoin mining experience with its merged mining feature, allowing miners to earn $SYS tokens while mining Bitcoin, without additional costs. This ingenious system, akin to getting free eggs for already owning hens, boosts profitability by leveraging existing resources. Over half of Bitcoin's mining pools are already capitalizing on this opportunity, simultaneously supporting Bitcoin's network and powering the Syscoin Layer Zero ecosystem. For a detailed understanding of how to engage in merged mining and reap these dual benefits, Syscoin has released a comprehensive guide authored by Fernando and Bradley, available on the Syscoin Medium. This initiative not only increases miners' earnings but also fortifies the underlying security and efficiency of both Bitcoin and Syscoin networks.

SuperDapp: Charting a New Course in Social Media

Wave goodbye to traditional social media's reign and embrace SuperDapp, a pioneering SocialFi platform that shifts power from centralized giants directly to users. By integrating blockchain technology, SuperDapp ensures users not only own their data but also influence platform policies. This revolutionary approach dismantles the old paradigms of data exploitation, offering a transparent ecosystem where interactions are compensated with SUPR tokens, allowing users to participate in governance and directly benefit from their engagement. Encrypted for security and designed for privacy, SuperDapp is redefining the social media landscape, empowering users to shape the future of online interactions. Dive into the full transformative potential of SuperDapp by checking out their latest article here and join a community that values empowerment and equitable growth.

Uno Re DAO Safeguards Liquid Staking with Validator Coverage

Uno Re DAO is tackling one of the most significant risks in the DeFi space—validator slashing in liquid staking. Recognizing the potential threats to both individual stakers and integral Layer 2 solutions, Uno Re has introduced a specialized coverage option for stETH validators through Lido Finance. For those involved in liquid staking, Uno Re offers a safeguarding measure with a modest premium of just 0.9%, providing a vital layer of security against the financial repercussions of validator slashing. This proactive step by Uno Re DAO ensures that participants in the burgeoning DeFi sector can engage with greater confidence and stability. To secure your staking investments against unforeseen risks, consider exploring Uno's coverage options available here.

Uno Re Enhances DeFi Security with Comprehensive Solutions

Recognizing the ever-present threat of exploits within DeFi protocols and DEXs, Uno Re DAO emphasizes that while audits are beneficial, true security in the DeFi space requires a more holistic approach. To address this need, Uno Re offers an all-encompassing security solution for any DeFi protocol or DEX, integrating multiple security methods with on-chain coverage solutions. This integrated package, known as BlockAlerts by Uno, combines audits, advanced security measures, and decentralized coverage into one robust framework, ensuring enhanced protection for participants. For those seeking to safeguard their DeFi engagements fully, Uno makes it easy—just a few clicks are all it takes to secure a comprehensive defense against potential security breaches. Explore Uno's innovative security solutions at BlockAlerts.io for a safer DeFi experience.

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

🌐 Syscoin: Syscoin is Bitcoin’s Layer Zero and the backbone of Rollux. Their Discord community is a treasure trove of insights and opportunities. Learn more about how Syscoin's technology is paving the way to Bitcoin becoming the greatest DeFi and Web3 ecosystem in existence.

👾 Luxy: Luxy is taking official NFT Platform of the Syscoin Rollux ecosystem. Luxy takes NFTs to the next level, propelled forward by being built on Rollux. Join the Luxy Discord to stay ahead of exclusive NFT drops, farming opportunities, and more.

🎠 Pegasys: As the first native DEX of the Syscoin Rollux ecosystem, Pegasys plays a crucial role facilitating DeFi services including trading, farming, staking rewards, and liquidity incentives.

💹 NeonNexus: NeonNexus is the first official perpetual DEX of the Syscoin Rollux ecosystem. Built on Rollux, it’s a traders paradise, offering the ability to use high leverage, infinite positions, minimal fees, and the best features of decentralized finance.

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

☂️ UnoRe: Uno Re is a multi-chain insurance coverage provider bringing reassurances people have long enjoyed in traditional finance to the Web3 and DeFi world. Uno Re is decentralized and democratically led by the Uno Re DAO. As of February 2024, SYS Labs is the core team and primary contributor within the DAO.

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!