Syscoin Rollux Weekly Update 2024.07.19

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

This is important information for Pali Wallet users, so we would like to spotlight it this week to help ensure everyone is able to update in time. See the post near the end of the update name, “Critical Update for All Computer Users of the Pali Wallet Browser Extension” to understand why this is necessary.

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, Pali 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!

bitSmiley Partners with Rollux for Enhanced Blockchain Efficiency

bitSmiley, the pioneer behind bitUSD, is thrilled to announce a new partnership with Rollux. This collaboration aims to bring unprecedented efficiency to the blockchain space, leveraging Rollux's near-instant transfers, seamless contract deployments, and robust security powered by Bitcoin. The synergy between bitSmiley's stablecoin expertise and Rollux's cutting-edge technology promises to unlock new potentials for their community, enhancing the speed, security, and versatility of the bitSmiley ecosystem. Stay tuned for more updates as bitSmiley and Rollux work together to build a more efficient and secure blockchain future.

Celebrate a Decade of Syscoin: Join Our 10-Year Anniversary X Space!

Join us in celebrating 10 remarkable years of Syscoin! Mark your calendars for July 23rd at 7 AM PST/11 PM JST and tune into our special X Space event. Discover what the future holds for 2024 and beyond as we continue to innovate with our cutting-edge Layer Zero and Bitcoin Superchain technologies, featuring Rollux. Learn about our journey, achievements, and exciting plans to bring scalability and adoption to the Bitcoin network. Don’t miss out on this milestone celebration—see you there!

(Please note this Anniversary X Space was originally scheduled to take place this past week, as noted in last week’s update, but has been rescheduled to the aforementioned time.)

Trump Eyes Bitcoin Reserve: A Game-Changer for the U.S. Economy

Syscoin & Rollux revolutionized blockchain by combining Bitcoin’s robust security with In a bold move, sources indicate that Trump may announce a U.S. Bitcoin strategic reserve in Nashville. Syscoin applauds this step, highlighting its alignment with Bitcoin's game theory principles. This strategy mirrors Michael Saylor's and MicroStrategy's BTC investments, setting a precedent for nations worldwide.

As deglobalization reshapes the global economy, integrating Bitcoin into the U.S. Treasury emerges as a strategic hedge against inflation, bolstering financial sovereignty. This move by Trump could further legitimize Bitcoin and cryptocurrencies, positioning the U.S. economy to leverage Bitcoin’s decentralized resilience against macroeconomic challenges.

Syscoin remains steadfast in its commitment to building on Bitcoin, enhancing its ecosystem through Layer Zero technology. Rollux exemplifies Bitcoin’s upgraded utility with superior security, efficiency, and affordability. Don't miss out.

Making Web3 Onboarding Fun and Seamless: BAT’s X Space

Recently, Basic Attention Token (BAT) hosted an engaging X Space featuring Jag Sidhu, Lead Core Developer of Syscoin, alongside other prominent guests. The discussion focused on innovative strategies to make onboarding into the Web3 space both fun and invisible, highlighting the ease of transition for new users. The recorded session is available for everyone to listen to on X, offering valuable insights into how Web3 can become more accessible to the broader public. Dive in to hear from industry leaders about the future of Web3 onboarding and how it’s set to transform the digital landscape.

 Elevate Your Trading with NeonNexus on Syscoin & Rollux

NeonNexus is revolutionizing DeFi by enhancing on-chain liquidity through its innovative Peer-to-Pool (P2P) model. This approach ensures seamless trading with up to 50x leverage, powered by the robust security of Rollux L2 and Syscoin. Liquidity providers (LPs) deposit crypto into the pool, facilitating leveraged trades while saving on fees. Traders benefit from reduced slippage and ample liquidity, while LPs gain incentives and staking rewards. By leveraging Syscoin’s combination of Bitcoin’s security and Ethereum’s smart contract functionality, along with Rollux's scalable transactions, NeonNexus delivers an unparalleled trading experience.

Built on the strength of Syscoin and Rollux, NeonNexus offers users instant trades, low fees, and a liquid protocol, driving DeFi adoption on the Bitcoin network. Join the future of decentralized trading with NeonNexus and contribute to the growth of a robust, secure, and scalable ecosystem. Explore more at NeonNexus and join the community on Telegram and Discord.

SuperDapp: Your Gateway to Seamless SocialFi and Advanced DeFi

Elevate your crypto lifestyle with SuperDapp, where your social life meets your digital wallet. Whether you're sharing moments with friends or trading tokens, SuperDapp connects you with influencers in the crypto space while securely managing your finances. Perfect for those who thrive in vibrant, connected communities, SuperDapp ensures you get the most out of your daily crypto interactions. Dive deep into decentralized finance with AI-driven trading insights, explore new tokens, and manage investments right from your chat window. Designed for the modern, proactive Web3 user, SuperDapp blends the best of DeFi and SocialFi, bringing the future of crypto to your fingertips.

Join the SuperDapp community and start your journey towards a smarter, more integrated crypto experience. Discover more at SuperDapp.ai.

Unlock Effortless Earnings with Pachira’s Innovative DeFi Protocol

Maximize your DeFi earnings with Pachira, the revolutionary new protocol from SYS Labs. Our Liquidity Tree Protocol (LTP) ensures continuous growth by making your assets work harder, while our user-friendly interface simplifies the DeFi experience with intuitive tools and a seamless user experience. Enjoy enhanced profitability with steady returns through our advanced, dynamic liquidity management system. Join the Pachira community to invest smarter and grow together.

Don’t miss your last chance to claim the Early Bird offer! Fill out the form and turn on notifications on our Discord. Limited slots available, so act fast to secure your spot. Register to participate here.

Uno Re Announces Strategic Partnerships with Port³ and Galaxy

Uno Re is thrilled to announce its strategic partnership with Port3 Network! By merging premier on-chain coverage solutions with Port3's unified AI operating system, this alliance aims to set a new benchmark in the Web3 security ecosystem. Stay tuned for more updates as $UNO and $PORT3 collaborate to enhance security in the digital landscape. Discover more about Port3, the unified operating system for launching AI applications, at Port3.

In another exciting development, Uno Re has also partnered with Galaxy Markets. This collaboration will explore new frontiers in DeFi, focusing on boosting security and driving innovation. Galaxy Markets allows users to trade tokens before they hit the market, embracing the concept of trading tomorrow, today. Stay tuned for more details on how this partnership will shape the future of DeFi. Learn more at Galaxy Markets.

Fortify Your DeFi Future with Uno Re’s BlockAlerts and On-Chain Coverage

Smart contract vulnerabilities are a growing concern in the DeFi space, with sophisticated attacks like reentrancy, access control flaws, gas limit issues, and timestamp dependence posing serious risks. Uno Re’s BlockAlerts provides continuous threat monitoring and AI-driven vulnerability detection, delivering real-time alerts and rapid risk mitigation. This robust security solution ensures a safer future for DeFi by protecting against emerging threats. Learn more about BlockAlerts at BlockAlerts.

Recent incidents, such as the $1.8 million flash loan attack on DoughFinance, highlight the urgent need for comprehensive security measures in DeFi. With over $1 billion in losses in 2024 due to various exploits, Uno Re offers tailored on-chain coverage to help DeFi projects mitigate these risks, ensuring top-tier security for users' assets. Stay protected against DeFi risks with just a few clicks. Secure your assets now at Uno Re.

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!