BTC $80,113.06 -1.46%
ETH $2,323.86 -1.60%
BNB $738.05 -2.80%
XRP $1.29 -2.55%
SOL $100.36 -2.34%
TRX $0.3311 -0.17%
DOGE $0.0786 -1.99%
ADA $0.2007 -2.90%
BCH $279.68 -6.12%
LINK $11.60 -1.44%
HYPE $86.47 +6.19%
AAVE $133.35 -1.35%
SUI $0.9222 -1.91%
XLM $0.1698 -0.97%
ZEC $1,267.91 -2.47%
AAPL $348.52 +0.66%
AMZN $250.40 -1.43%
GOOGL $289.58 -11.27%
MSFT $539.96 +1.83%
META $619.38 -0.63%
NVDA $214.48 -2.55%
TSLA $403.66 -1.71%
SNDK $1,370.31 -0.18%
INTC $92.60 -3.24%
SPCX $143.28 -4.35%
MU $958.67 -0.92%
AMD $566.41 -0.97%
BTC $80,113.06 -1.46%
ETH $2,323.86 -1.60%
BNB $738.05 -2.80%
XRP $1.29 -2.55%
SOL $100.36 -2.34%
TRX $0.3311 -0.17%
DOGE $0.0786 -1.99%
ADA $0.2007 -2.90%
BCH $279.68 -6.12%
LINK $11.60 -1.44%
HYPE $86.47 +6.19%
AAVE $133.35 -1.35%
SUI $0.9222 -1.91%
XLM $0.1698 -0.97%
ZEC $1,267.91 -2.47%
AAPL $348.52 +0.66%
AMZN $250.40 -1.43%
GOOGL $289.58 -11.27%
MSFT $539.96 +1.83%
META $619.38 -0.63%
NVDA $214.48 -2.55%
TSLA $403.66 -1.71%
SNDK $1,370.31 -0.18%
INTC $92.60 -3.24%
SPCX $143.28 -4.35%
MU $958.67 -0.92%
AMD $566.41 -0.97%

es

All
Article
Flash

first_img Yield Basis launched the permissionless propAMM, prioritizing the deployment of the WETH pool

The automated market-making protocol Yield Basis, founded by Curve founder Michael Egorov, announced the launch of a permissionless propAMM, aiming to upgrade its liquidity mechanism on Curve. This design combines market perception pricing with dynamic fees, aiming to increase trading volume, reduce arbitrage losses, and improve liquidity provider returns. According to its simulations over the past 18 months, Yield Basis's WETH position is projected to grow at an annualized rate of 8.5% in ETH terms under the new design, compared to 3.6% under existing parameters.Officials stated that WETH liquidity providers do not need to take additional actions, as the new design will directly affect their respective liquidity pools. The small transaction fee for pulling the pool price back to the market price is 0.50%, and anyone can submit prices or deposit funds, with the relevant code being open source. The WETH pool will be deployed first, and Bitcoin-related liquidity pools will follow after the successful deployment of the WETH pool.According to the announcement, the liquidity pool will charge based on the profits earned by arbitrageurs from trades, retaining about two-thirds of the profits above the minimum fee. The new design features lower single transaction fees, with simulated trading volumes approaching three times the current levels, requiring donations of about one-quarter of the current amount. The Yield Basis DAO owns the strategy, and the Curve Emergency DAO can shut it down in emergencies, while the Curve liquidity pool contract itself remains unchanged. Curve DAO vote 1508 will connect the strategy to the WETH pool and set the reserved profit ratio, while Yield Basis vote 60 will set the LevAMM fee at 1.5% (currently 1.3%), with the donation rate being about 1.2% of the pool value per year (currently about 5%). The above simulations only include arbitrage exchanges and do not account for regular trading and liquidation.

first_img New York State legislates strict limits on AI companions, prohibiting the provision of anthropomorphic emotional interactions to minors

New York Governor Hochul officially signed a new bill on Wednesday, prohibiting minors from using artificial intelligence chatbots with virtual companion attributes. This is one of the most comprehensive regulatory measures in the United States regarding consumer-grade AI models to date. The bill requires relevant operators, including ChatGPT under OpenAI, to implement reasonable age verification measures, prohibiting the provision of high-risk chatbot features listed in the bill to users under 18 or those whose adulthood has not yet been confirmed.According to the bill, the relevant chatbots are not allowed to output content that may mislead minors into believing they possess life, human attributes, or real emotions. They must not induce adolescents to have the illusion of a mutual emotional, professional consulting, or authoritative guidance relationship, nor can they package generated content as personal opinions. The system is also prohibited from retaining sensitive privacy data related to the mental and physical health of minors. Hochul stated at the signing ceremony that the core goal of the legislation is to sever the emotional binding chain of AI impersonating minors' "friends" or "lovers," protecting the mental and physical health of young people.The children's media advocacy organization Common Sense Media expressed support for the bill, calling it the strictest children's AI safety law in the United States. The tech industry has strongly pushed back, criticizing the overly broad definitions of the provisions and emphasizing that minors should not be deprived of access to cutting-edge learning tools. As of now, companies such as OpenAI and Anthropic have not publicly responded to this.
app_icon
ChainCatcher Building the Web3 world with innovations.