Alluvial, a liquid staking company, announced Tuesday that a group of organizations would collaborate to create the "first enterprise grade multi-chain liquid-staking protocol." Alluvial explained that the protocol will be called the "Liquid Collective" with Kraken as a foundation member.
The Liquid Collective aims to promote a multi-Chain Liquid Staking standard
Alluvial, a liquid staking company, published a blog post introducing the new enterprise-grade multichain liquid staking protocol, the "Liquid Collective." It also includes a Liquid Foundation that includes participants such as Kraken and Coinbase Cloud, Staked Kiln, Figment and Alluvial. Alluvial announced Tuesday that the Liquid Collective would be managed in a distributed manner by a wide and diverse community of industry participants.
In the world of decentralized financial (defi) liquid staking is a popular trend. Lido Finance is today's largest liquid staking provider. The wrapped ether token Lido offers, called lido stakedether (STETH), is Lido Finance. Coinbase launched its liquid staking token CBETH at the end of August. The Liquid Collective's enterprise grade token will be named LSETH. KYC/AML and other standardizations will be made into the protocol.
"Liquid Collective is a multi-chain liquid stake standard that seeks to address the need to provide the highest level of security and KYC/AML checks to institutions, Web3 native enterprise, and other regulated entities in order to meet regulatory obligations, best practices, while unlocking new liquidity, increased capital efficiency, and unlocking new liquidity on leading proof-of-stake blockchains," Alluvial's post details.
Mark Forscher, Alluvial's CMO, believes the Liquid Collective protocol and brand will have a significant impact. The brand symbol of Liquid Collective is a collection of liquid droplets that are repeated in a circular shape. The shape represents 'one of many' and is harmoniously balanced. A star in the center symbolizes the creation of Liquid Collective. On Tuesday, Forscher observed that the sum is greater than its individual parts.
What did you think of Alluvial's announcement about the Liquid Collective members and Liquid Foundation? Please share your views on the subject below in the comments section.
Frequently Asked Questions
How much of your portfolio should be in precious metals?
This question can only be answered if we first know what precious metals are. Precious metals are those elements that have an extremely high value relative to other commodities. This makes them extremely valuable for trading and investing. Gold is by far the most common precious metal traded today.
There are however many other types, including silver, and platinum. The price of gold fluctuates, but it generally remains stable during times of economic turmoil. It is not affected by inflation or deflation.
In general, all precious metals have a tendency to go up with the market. They do not always move in the same direction. If the economy is struggling, the gold price tends to rise, while the prices for other precious metals tends to fall. Investors expect lower interest rate, making bonds less appealing investments.
The opposite effect happens when the economy is strong. Investors choose safe assets such Treasury Bonds over precious metals. Because they are rare, they become more pricey and lose value.
Therefore, to maximize profits from investing in precious metals, you must diversify across multiple precious metals. Because precious metals prices are subject to fluctuations, it is best to invest across multiple precious metal types, rather than focusing on one.
How much gold should you have in your portfolio?
The amount of capital that you require will determine how much money you can make. For a small start, $5k to $10k is a good range. As you grow, you can move into an office and rent out desks. Renting out desks and other equipment is a great way to save money on rent. Rent is only paid per month.
It's also important to determine what type business you'll run. In my case, I run a website-creation company. Our clients pay us between $1000-2000/month and depending on their order. If you are doing this type of thing, it is important to think about how much you can expect from each client.
You won't get a monthly paycheck if you work freelance. This is because freelancers are paid. You may get paid just once every 6 months.
You must first decide what kind and amount of income you are looking to generate before you can calculate how much gold will be needed.
I would recommend that you start with $1k-2k worth of gold and then increase your wealth.
Can the government take your gold
The government cannot take your gold because you own it. You worked hard to earn it. It belongs entirely to you. However, there may be some exceptions to this rule. You could lose your gold if convicted of fraud against a federal government agency. If you owe taxes, your precious metals could be taken away. You can keep your gold even if your taxes are not paid.
Statistics
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (smartasset.com)
- Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (aarp.org)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
External Links
finance.yahoo.com
law.cornell.edu
- 7 U.S. Code SS7 – Designation board of trade as contract marketplaces
- 26 U.S. Code SS 408 – Individual retirement plans
forbes.com
- Gold IRA, Add Sparkle to Your Retirement Nest egg
- Understanding China's Evergrande Crisis – Forbes Advisor
wsj.com
- Saddam Hussein's Invasion Helped Uncage a Bear In 1990 – WSJ
- Are you interested in keeping gold in your IRA at-home? It's not legal – WSJ
How To
The growing trend of gold IRAs
As investors look for ways to diversify their portfolios and protect themselves against inflation, the gold IRA trend is on the rise.
Owners can invest in gold bars and bullion with the gold IRA. This IRA can be used to grow your wealth tax-free and is an alternative option to stocks and bonds.
A gold IRA allows investors the freedom to manage their wealth without worrying about volatility in the markets. The gold IRA can be used to protect against inflation or other potential problems.
Investors also enjoy the benefits of owning physical gold, which includes its unique properties such as durability, portability, and divisibility.
The gold IRA also offers many other benefits, such as the ability to quickly transfer the ownership of the gold to heirs, and the fact the IRS doesn't consider gold a currency.
This is why the gold IRA has become increasingly popular with investors looking to provide financial security during times of financial uncertainty.
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By: Jamie Redman
Title: Crypto Exchange Kraken Backs Enterprise-Grade Liquid Staking Protocol
Sourced From: news.bitcoin.com/crypto-exchange-kraken-backs-enterprise-grade-liquid-staking-protocol/
Published Date: Wed, 21 Sep 2022 14:00:04 +0000
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