Published in Monolith·6 hours agoMonthly Recap: June 2022It might be the height of the summer here at our London HQ, but the world of cryptocurrencies and tokens is currently deep in winter mode. Although the latest market downturn has shaken the industry, slower phases such as this one provide the perfect opportunity to build. And that’s exactly…Tokens4 min read
Published in Monolith·Jun 7Understanding DeFi: Proof-of-Work and Proof-of-Stake ExplainedBlockchains are globally distributed systems. As they are not controlled by any single party, the nodes on each network have to find a way to agree on what the accurate record of data for the blockchain should be. To achieve this, they rely on cryptographic consensus mechanisms. The earliest example…Monolith6 min read
Published in Monolith·May 31Monthly Recap: May 2022It’s been a busy few months for us at Monolith HQ. We recently launched Token.com in Brazil, and while the rollout has been a big success, we’re still hard at work on developing the product. We’re also gearing up for a wider launch in other parts of the world later…Monolith4 min read
Published in Monolith·May 19Understanding DeFi: Ethereum’s Merge to Proof-of-Stake ExplainedLater this year, Ethereum is set to complete the most significant update in its history. The world’s most used blockchain will implement “The Merge” from Proof-of-Work to Proof-of-Stake, an important update that’s been in discussion since 2014. Ethereum’s upgrade to Proof-of-Stake marks a new stage in the blockchain’s lifetime and…Monolith4 min read
Published in Monolith·May 14Newsflash: a statement on current market conditions affecting USTWe wanted to share an update on the current situation affecting the Terra blockchain’s UST stablecoin, and what it means for Token.com. Key takeaways At the time of writing, Terra’s UST stablecoin is suffering from a depeg event due to intensified market selloffs. As Token.com currently uses UST to capture yields in…Monolith3 min read
Published in Monolith·Apr 21Newsflash: a status update on Token.comA note on everything we’ve been up to so far and a look into what’s on the horizon. The story so far Token.com is an ambitious project that aims to define how the world engages with the token economy as it scales beyond our current toolset. Work on Token.com has been ongoing since the…Token3 min read
Published in Monolith·Mar 26Newsflash: we’re expanding our teamWe’re hiring. We have two exciting new openings for a DeFi Treasury Manager and Global Head of Marketing. Joining Monolith is an opportunity to shape the future of finance. Our mission is to make it easy, safe and fun to grow money through the power of decentralised technology, and we…Monolith2 min read
Published in Monolith·Feb 18Understanding DeFi: Web3 explainedCrypto has produced many buzzwords over the years. One of the latest ones to catch on is “Web3” — a term used to describe a decentralised version of the Internet that will run entirely on blockchains and cryptocurrency technology. While blockchains like Bitcoin and Ethereum were most frequently used for…Monolith8 min read
Published in Monolith·Feb 2Newsflash: Token.com will use Terra’s Anchor ProtocolWe’re preparing to launch our new product. Token.com will initially be available for a limited number of invited users in Brazil before a wider rollout across the Latin American country throughout 2022. As we approach our go-live date, we’re excited to share more details on how the app will work…Monolith3 min read
Published in Monolith·Jan 26Monolith Spotlights: Anchor Protocol, Terra’s fixed yield stablecoin platformHere at Monolith HQ we spend a lot of time researching DeFi. As the DeFi space has grown over the last two years, many users have found that they can use their crypto assets for activities like yield farming, lending and borrowing. The rush of innovation in DeFi is of…Monolith7 min read
