Syscoin Rollux Weekly Update 2024.07.12

Weekly Video: TBF: Wendy O’s Jag Interview

This week, we have a throwback to a Wendy O video where she interviewed Syscoin’s Lead Core Developer and SYS Labs CEO, Jag Sidhu. Despite being from a year and a half ago, Jag’s discussion about the utility we’re adding to Bitcoin through Syscoin & Rollux remain as relevant as ever. Those who saw the latest ecosystem update should be able to understand how much progress we’ve made by accomplishing our objectives. The second half of the video is an earlier walkthrough on Pegasys, which is less relevant today. If you just want the best information, watch until the 4:27 mark.

Rollux & Bitcoin’s Future

Rollux is pushing the boundaries of Bitcoin’s DeFi and Web3 ecosystems with a flurry of advancements in zero-knowledge (ZK) cryptography and Bitcoin’s crypto-economic security, solidifying its status as the ultimate Bitcoin Superchain. Their development team is enhancing Rollux's modular stack with cutting-edge technologies from the realms of Optimistic rollups, zkEVMs, BitVM, and various AltVMs, ensuring Rollux remains at the forefront of Bitcoin-based rollups.

Recent introductions include zkDA and new circuits for secure light-client implementations, boosting Syscoin's BitcoinDA protocol to enhance cross-chain messaging and bridging capabilities. As Rollux continues to integrate ZK technology with decentralized sequencing, it aims to redefine blockchain interoperability and security, leveraging Bitcoin's proof-of-work to bind every significant blockchain to Bitcoin’s robust framework.

With a deep-rooted connection to Bitcoin through Syscoin’s merged mining, Rollux is exploring innovative BTC-bridging methods and yield opportunities. The community can look forward to the upcoming Rollux whitepaper, which will detail strategies to empower blockchains with Bitcoin’s strengths. Stay tuned for more updates as we continue to unfold the next chapter in Bitcoin’s legacy.

Pachira: Innovating DeFi Stability and Growth

Effective risk management is crucial in DeFi, and Pachira is setting new standards with its advanced tools and innovative strategies. Inspired by Balancer v3, Pachira’s solutions ensure both security and profitability, providing a stable framework for your investments. By integrating cutting-edge technologies and a strong focus on asset protection, Pachira offers unparalleled growth potential in the DeFi landscape. Dive into the full article to see how Pachira is revolutionizing DeFi risk management and setting the stage for a prosperous future. 

Syscoin & Rollux: Bridging Bitcoin and Ethereum for Ultimate Scalability

Syscoin & Rollux revolutionized blockchain by combining Bitcoin’s robust security with Ethereum’s versatile smart contracts, creating a scalable and efficient platform. With its dual-chain Layer 1 and the Rollux Layer 2 solution, Syscoin supports high throughput and low fees, making it perfect for DeFi and Web3 applications. By leveraging Bitcoin’s Proof-of-Work security through merged mining, Syscoin ensures stability and protection for large volumes of transactions. Dive into the full article by DroomDroom to see how Syscoin is setting new benchmarks in blockchain technology.

NeonNexus: Your Gateway to Revolutionary On-Chain Trading

Step into the future of trading with NeonNexus, the official perpetual DEX on Rollux. Say goodbye to outdated traditional methods and take full control of your assets by trading directly against the LP. Enjoy the benefits of deep liquidity and the best prices, all powered by Rollux’s super fast and cost-effective transactions.

NeonNexus combines Bitcoin's legendary security, inherited through Syscoin, with the dynamic DeFi opportunities of Ethereum. This means you get the best of both worlds: Bitcoin security and lightning-fast trade settlements. Maximize your gains on BTC, SYS, and ETH through leverage, and trade smarter and faster. Embrace the trading revolution with NeonNexus on Rollux and elevate your crypto trading experience to new heights. Try it out for yourself here.

 FehuLayer: Pioneering the Future with Bitcoin Ordinals and Runes

FehuLayer is leading the charge in the Bitcoin Ordinals and Runes space on Syscoin & Rollux with its groundbreaking project, CYPHR RESISTANCE. This initiative brings together neo-cypherpunks and introduces Meta-Ordinals, created from the innovative Quantum Unified Artifacts Dynamics (QUAD Codex). By integrating multiple protocols and virtual machines, FehuLayer offers a unique blend of digital assets and utilities through its asynchronous set of 10 Ordinals. These include Tri-Cards, Tri-Phygitals, and Tri-Consumables, promising a diverse and robust user experience. Stay tuned for their next big announcement and get ready to #getRUNED. Learn more about Cyphr Resistance from FehuLayer here.

Jag Sidhu on the Challenges and Future of Crypto Payments

Navigating the complex world of crypto payments is no small feat. Jag Sidhu, Lead Core Dev of Syscoin and CEO of SYS Labs, highlights the key hurdles and potential solutions. From stringent regulations requiring money transmitter licenses to the need for crypto-economic solutions ensuring finality at points of sale, the road to mainstream adoption is fraught with obstacles. Most cryptocurrencies are held for speculative purposes, with stablecoins being the preferred medium of exchange despite their regulatory baggage.

Sidhu points out that scalability issues are being addressed with the recent advancements in data availability (DA), but additional layers are necessary for peer-to-peer payment scaling. Furthermore, advancements in account abstraction (AA) and biometric curve support are critical for enhancing user experience (UX). These innovations, now emerging in zkVMs, can provide theft protection, gasless transactions, and seamless multi-device wallet synchronization. Dive deeper into Sidhu's insights and the future of crypto payments.

Expanding Bitcoin’s Horizons: Syscoin & Rollux Insights

Discover how Bitcoin’s potential extends beyond being just a decentralized digital currency. Tune into the insightful X Space discussion hosted by Router Protocol, featuring Syscoin's Lead Core Developer, Jagdeep Sidhu. Hear firsthand how Syscoin & Rollux are pioneering Bitcoin interoperability and pushing the boundaries of its capabilities. Don’t miss this chance to catch up on the conversation that’s shaping the future of Bitcoin. Listen to the recording here.

Don't Miss the Syscoin Ecosystem AMA on July 16th!

Join the Syscoin & Rollux team for an exciting X Space AMA next week! Dive into discussions on merged mining, the Rollux Superchain, and the future of Bitcoin's ecosystem in DeFi and Web3. Mark your calendars for July 16th at 7 AM PST (11 PM JST) and get ready to learn how Syscoin & Rollux are pushing boundaries. Keep an eye on the Syscoin and Rollux X accounts for the link to join the conversation once it's available.

Mastering Pegasys V3: Your Ultimate Guide to DeFi Swaps

Ready to dive into the world of DeFi with Pegasys? Check out the brand new tutorial on swapping with Pegasys V3! Whether you're a newbie or a seasoned Peggy, this video will walk you through the seamless process on the Syscoin Rollux ecosystem’s official DEX. Discover how easy it is to swap smart and explore the future of decentralized finance with Pegasys. Need to turn $SYS into $WSYS? There’s a tutorial for that too! Learn how to wrap and unwrap $SYS effortlessly on Rollux with Pegasys.

Uno Re Unveils Robust Coverage Solutions and Security Innovations

Uno Re is enhancing the DeFi landscape with comprehensive coverage for Origin Protocol’s $OUSD, $OETH, and $OGN on the Uno Re Cover Portal. Offering top-tier protection against smart-contract risks, Uno Re empowers the Origin Protocol community to secure their assets with unmatched security. Elevate your DeFi journey with peace of mind and protect your investments today. Get covered here.

In other news, BlockAlerts by Uno Re has successfully completed an audit for Arexa's AI-powered trading platform, significantly boosting its security and setting new standards for safe crypto trading. This milestone highlights Uno Re's commitment to providing superior security solutions in the crypto space.

Wrapping up a successful presence at EthCC in Brussels, Uno Re’s core contributor Adam Czopek showcased groundbreaking DeFi security and on-chain coverage solutions. The event provided a prime opportunity to connect with industry leaders and demonstrate Uno Re's innovative approach, reinforcing their dedication to a secure decentralized future. Stay tuned for more updates as Uno Re continues to lead advancements in DeFi security.

SuperDapp: Revolutionize Your Web3 Experience

SuperDapp is here to transform your Web3 experience! Designed for the global blockchain community, SuperDapp connects users through encrypted chats and seamless crypto transactions. Say goodbye to slow, risky trades and embrace secure, instant transactions integrated with your daily chats. Whether you're networking or making purchases, SuperDapp ensures efficiency and peace of mind. Discover the future of digital interaction at SuperDapp.ai and join the revolution in Web3 and SocialFi.

Secure Your Crypto: How to Save Your Seed Phrase with Pali Wallet

Learn how to securely store your Seed Phrase with Pali Wallet, the official non-custodial web and mobile wallet of the Syscoin Rollux ecosystem. Given the importance of safeguarding your Seed Phrase, especially with the upcoming MV3 update, we've created a comprehensive video tutorial to guide you through the process. Ensure your assets are protected by following these essential steps. Watch the tutorial now and keep your crypto secure!

Critical Update for All Computer Users of the Pali Wallet Browser Extension

Attention all Pali Wallet users: Google's Chrome Web Store is transitioning to the new MV3 standard for enhanced security and performance, which impacts all Chrome extensions including Pali Wallet. It is vital for all desktop and browser users to immediately secure their seed phrases or private keys. This action is crucial to maintain access to your funds as the current MV2 version of the extension will be phased out by early 2025. Please ensure your seed phrases or private keys are written down and stored securely. Do not share this sensitive information with anyone, as doing so could compromise your asset security. The Pali team is diligently working to update to MV3 and will keep you informed every step of the way. Remember, your cooperation is essential for a seamless transition and to safeguard your digital assets. Stay tuned for further updates and instructions from the Pali team, and please share this important information with your peers in the crypto community.

*Please note this transition to MV3 only applies to everyone who uses Pali as a browser extension, so although you should always safeguard your seed phrases and private keys, this Chrome Web Store update does not impact users of the Pali Wallet mobile app on iOS and Android. If you use Pali on a computer and any Chromium-based browser, like Chrome, Brave, Edge, Opera, and many more, then this applies to you.

SuperDapp's Spectacular $SUPR and Bitcoin Giveaway

SuperDapp is turning up the excitement with a massive giveaway that's too good to miss! They're not only distributing a whopping 10 million $SUPR in an airdrop but are also rewarding $10,000 in Bitcoin to 10 early birds who sign up. To throw your hat in the ring, simply register at SuperDapp.ai, like and retweet their giveaway tweet, and tag a friend. Remember, you must be following @SuperDappAI to qualify. Winners will receive their Bitcoin bounty shortly after the $SUPR Token Generation Event. Don't miss out on this golden opportunity—head over to SuperDapp.ai now to get started and potentially snag some crypto riches!

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!