EOS Hot Sauce is a weekly digest of all the hottest topics from around the EOSIO ecosystem. The space is evolving so rapidly it can be hard to keep up! We keep on top of it so you don’t have to.

Everything EOS - Dan Larimer & Yves La Rose

The latest edition of Everything EOS generated a lot of buzz, and rightly so. It’s the first time Dan Larimer has been hosted on the podcast since leaving Block.one, and it provided an avenue to extend some clarity to the EOS Community, especially now that he has fully returned. 

Yves La Rose was also on the air for the program to discuss how EdenOS could provide a counterbalance for the EOS Community to its stake-weighted governance system. After examining the recent gloom in the EOS Community, Dan restated the fact that EOS is its community members. He pointed out that the network has a high potential and members of the community should be looking to harness that potential by taking ownership of EOS.

Dan also discussed how leaders could be elected to direct community resources. “A top layer, middle layer, and bottom layer” would exist with certain levels of autonomy, power, and resources. The structure of the political playoffs is designed to select individuals who are most capable of gaining consensus from seven in a group of ten to get elected. This creates a truly democratic governance model. According to Dan, EdenOS can create an incentive to invite people into EOS to achieve consensus and achieve unity in the community.

Yves was in agreement, and also spoke about the importance of inflation in the financial system of EOS to generate other economic activity. He also spoke about the need to generate more external economic activity for EOS, by incentivizing external players with features like the new PowerUp model and staking pools. He mentioned that there is a bit of uncertainty surrounding the results of the new features, but also the fact that there is more to lose from not implementing them than doing so.

eCurve Cross-Chain Stablecoin Liquidity

eCurve, a new stablecoin-to-stablecoin DeFi platform, is now live on EOS! 

Launched last week and built by the DAPP Account DAO, the eCurve platform allows users to enjoy cross-chain liquidity on pooled stablecoins. Users can mine the platform’s token, $ECRV, by adding ETH-based or EOS-based stablecoin liquidity or time locking that DAPP Account DAO tokens, $DAD. Staking $ECRV allows those users to collect stablecoin swap fees and also boost their own liquidity provider rewards. eCurve is boosting EOS DeFi liquidity by connecting it seamlessly to Ethereum-based stablecoins. It’s important to note that at the time of publishing, the eCurve contracts are protected by an MSIG but so far no audit has been made public for the new bridge contract and eCurve platform. We would like to note that the DAD contracts were audited in the past and can be viewed on dappaccountdao.org website. It’s important to always be aware of the risks when interacting with new DeFi projects.

With $600K USD of liquidity showing up in the first two hours, the platform has kept growing and now includes $1.8M of liquidity across $USDC, $DAI and $USDT combined. This liquidity allows users to trade these assets with low slippage, only 0.2% in platform and admin fees, and of course, no gas fees!

The eCurve stablecoins exchange can be expanded to other networks beyond Ethereum, such as Luna UST, which has already been proposed via the projects’ governance protocol.

Congratulations to the DAPP Account DAO for their successful launch! Bring on the liquidity! Follow them on Twitter and join their Telegram channel for all their latest updates.

Disclaimer: The information provided above does not constitute investment advice, financial advice, trading advice, or any other type of advice whatsoever, and the information on our website should not be trusted as such. We present this information to you as general market commentary. We do not advise or recommend that you buy, sell, or hold any cryptocurrency, digital token, ICO, or digital asset whatsoever. We advise users to conduct their own due diligence and consult with a qualified financial advisor before buying, selling, or holding any type of digital asset or cryptocurrency. We will not be held responsible for any investment decisions made based on the information provided in this publication.

Disclosure: EOS Nation is currently providing liquidity on eCuvre and holding the ECRV token. We may remove our liquidity and/or exit our positions at any time and for reasons not related to the eCurve platform.

EOS NFT Releases: “Dream Big” & “GBK Chestahedrons - NFT Artefacts”

The dotGems team is deep into production mode and putting the final touches on our upcoming EOS NFT double drop, due out in April. We’ve been busy onboarding many artists who have never published NFTs on EOSIO and their response to AtomicHub functionalities has been very positive! Turns out having no gas fees or minting fees is something artists really appreciate! Who could have known? 

Dream Big – EOS Fan Art Challenge

The “Dream Big” series is dotGems’ first fan art challenge and features 50 amazing designs from 47 wonderful artists. This collection will feature 3 different rarities, ranging from Common (85%), Rare (12.5%) and Ultra-Rare (2.5%). In total, there are 150 different NFTs in this beautiful collection. We think the EOS community will really enjoy the series and we can’t wait to show it off to all of you!

The revenue generated by the sale is distributed 50% to the artists and 50% to dotGems, which includes revenue from the primary sales and secondary sales. For the secondary sales revenue, we’re introducing a bit of NFT-DeFi flare to the release by awarding our artists a “Artist’s Share” NFT that can be held to earn the monthly secondary sales revenue or traded on the marketplace if they prefer to sell their share.

It’s important to note that we plan on doing many more art challenges in the future and these “Artist’s Share” NFTs will continue earning their share of all future art challenge secondary market sales. Speculators can buy these shares for the long-term passive income potential while allowing the artists to cash out more value up front.

Our artists are also given their common design’s #1 mint, which can be held pridefully in their NFT collection or sold on the market to boost their income from this release. Rare and ultra-rare mint #1s can be found by collectors who purchase our fully pre-minted NFT packs.

GBK Chestahedron – NFT Artefacts

Our second release features GBK, a very passionate artist, fashion art director and EOS genesis community member. This collection features 30 different stunning designs of chestahedrons, often found in beautiful & breathtaking natural scenery! Collectors with more fashion-oriented tastes will no doubt covet the Kimono variation that is included in this release.

We can’t wait to show off some teasers in the week leading up to our sales, so make sure to stay tuned to our Twitter and Telegram channels to catch all of our promotional activities!

50 artists worked on these 2 series and produced 180 different designs to be collected by the EOS community! We think these series are very special and we can’t wait to kick start the NFT scene on EOS with all of you!

Ultra Community Update #11

Three months after the public release of the Ultra Platform, Wave 1 of the launch is already coming to its conclusion. To mark the occasion, Ultra released an update on the strides the platform has made since its launch early this year. Some of the achievements include:

Exchange Listing: Ultra native token UOS was listed on Korean exchange Bithumb on February 22. With Korea being a major e-Gaming market, this is a great stride for Ultra. UOS was also listed on Gate.io, and the team is working on other listings too.

Cointelegraph Article: In the wake of all the NFT hype, Cointelegraph delivered a piece highlighting the growth UOS has made and Ultra’s leading developments in the gaming sector.

Partnerships: Ultra partnered with Pictagor to publish “Crypto: Against all Odds” on the Ultra platform the same day as its Steam/GoG release.

Chintai Presentation @ EOSIO Hackathon

Phillip Hamnett, CTO of Chintai, gave a speech on building compliant blockchain-based businesses at the Block.one EOSIO Hackathon.

He explored how compliance works in the corporate world and topics such as data protection and avoiding white collar crime. 

The cost of compliance is not static, and as such varies depending on the nature of the company and what sector it operates within. Compliance is expensive and the cost is only going to increase further, according to KPMG. In spite of this, the cost of non-compliance is far greater.

He went on to discuss the obstacles to the widespread adoption of blockchain-based business models. He cited factors like money laundering, lack of regulation, scalability, lack of education, and too much focus on cryptocurrencies as reasons businesses do not use blockchain technology. But EOSIO brings to the table a blockchain network that businesses can thrive on. It’s different because it is scalable, fast, potentially feeless, and has a great user experience.

In looking at ways to facilitate compliance, he examined enforced compliance. In some situations, people are excluded from getting hold of services, but the restrictions are still bypassed. To enforce compliance, KYC processes could be incorporated into services to ensure they don’t get into the wrong hands.

The speech also touched upon transaction monitoring systems to prevent money laundering, which is a major compliance problem.

Highlights included:

  • Compliance is a necessary and compulsory part of running a business.
  • Using a blockchain for your business allows you to prevent and reduce fraud.
  • Auditors can save a lot of time by trusting the integrity of a blockchain.
  • EOSIO technology is capable of handling the necessary volume of enterprise-level businesses.
  • Modern businesses have the potential to save millions of dollars every year.

EOS Meme Competition Finale

The EOS Meme Competition has drawn to a close, after over 150 entries across 5 rounds. It has been a joy ride for participants and spectators alike, and all winners have now been confirmed.

The first winner for Round 5 (Judges’ Pick) is @archivaltweet for a 50 EOS share of the prize pool.

The second winner for Round 5 (Judges’ Pick) is @octosur for a 50 EOS share of the prize pool.

The third winner for Round 5 (Judges’ Pick) is @tedbandy2301 for a 50 EOS share of the prize pool.

@SeungKyun_kor emerged the Random Pick winner for a prize of 50 EOS, while @octosur was crowned the Grand Champion to get a prize of 100 EOS!

Congratulations to the winners and to all the participants who created funny memes for the contest, thank you for the laughs!

EOS Nation is a top Block Producer on the EOS public network. We earn inflation rewards based on the percentage of tokens staked towards us. Those rewards are reinvested into EOSIO community, tools, and infrastructure. Help grow the ecosystem by staking your vote to eosnationftw for BP or proxying to proxy4nation

Remember, we never accept compensation in exchange for featuring projects in the EOS Hot Sauce. That means if a project is included in the EOS Hot Sauce it’s because we believe that project brings value to the EOSIO ecosystem and we want our community to know about it!

Are you building an interesting project on EOSIO? We want to hear from you! Reach out to us on social media or email info@eosnation.io. 

Thank you for supporting EOS Nation and for reading this week’s edition of EOS Hot Sauce! Want more spicy updates? Check out some of our recent EOS Hot Sauce episodes!

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Disclaimer: The information provided above does not constitute investment advice, financial advice, trading advice, or any other type of advice whatsoever, and the information on our website should not be trusted as such. We present this information to you as general market commentary. The information does not constitute investment advice or any professional financial advice of any sort whatsoever. We do not advise or recommend that you buy, sell, or hold any cryptocurrency, digital token, ICO, or digital asset whatsoever. We advise users to conduct their own due diligence and consult with a qualified financial advisor before buying, selling, or holding any type of digital asset or cryptocurrency. We will not be held responsible for any investment decisions made based on the information provided on the website.

Daniel Keyes

Chief Operating Officer (COO)
Responsibilities include: product management, operations, community
Location: Toronto, Canada

Prior to founding the first EOS community in Toronto and co-founding EOS Nation, Daniel spent a decade in the financial technology industry working several diverse roles. His extensive experience in customer service, sales, sales coaching, agent training, digital marketing, digital process management (lean green belt), and product management (certified scrum master, certified product owner) eventually lead him to consulting for a blockchain dev shop.

Daniel earned a Bachelor of Journalism from Ryerson University in 2009 and worked as a chase producer intern at Global TV.

Daniel lives by the principles of Truth, Love, and Freedom.