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San Juan, Puerto Rico, February 9th, 2024, Chainwire tea  is shaking up the digital world by addressing the long-standing issue of inadequate compensation for open-source developers. Solving this issue is more urgent than ever, which is why we have decided to deploy $250K in grants ahead of the launch of the protocol . This initial stage aims to support maintainers of open-source projects that have a material impact on the open-source software ecosystem and a teaRank greater than 30 ahead of the tea Protocol Incentivized Testnet. Don’t know what teaRank is and unsure if your project qualifies? You can check your project’s teaRank here and learn more about what this represents on the protocol  here. The unsung heroes Despite forming the backbone of the internet and modern technology, open-source developers like Max Howell, the creator of Homebrew, have historically received little to no compensation. This discrepancy is particula...

Discover how Ethereum’s shift to PoS and liquid staking protocols transform blockchain technology and address the 32 ETH staking challenge. Ethereum staking has revolutionized the way we use and interact with blockchain technology.  With its security now relying on capital rather than computing power, Ethereum’s (ETH) shift to proof-of-stake (PoS) offers numerous benefits, including a reported 99% reduction in the network’s carbon footprint. However, it still presents several drawbacks, chief among them being the 32 ETH economic requirement for participants to run a dedicated node on the network. You might also like: What is proof-of-stake (PoS)? Liquid staking protocols: what to look out for As of January, 32 ETH is about $84,724. Not many would-be validators can easily afford that amount, especially in regions with lower incomes. Additionally, staking funds become locked and lack liquidity, pushing stakers to join staking pools instead. These pools often prove mor...

Steadefi, a decentralized finance (DeFi) protocol , has offer ed the hacker s a $33,400 bounty if they return 90% of the stolen funds by August 10. A vulnerability exploited on Aug. 7 led to the siphoning of at least $334,000 from the platform. The protocol ’s security framework has been severely undermined, exposing all assets to heightened risks. Steadefi’s Total Value Locked (TVL), a crucial gauge of staked assets, has suffered a significant drop post-attack, eroding user confidence in the DeFi ecosystem. Steadefi TVL drop | Source: DeFiLlama Steadefi openly acknowledged the breach in a Twitter post, declaring that all funds were “currently at risk.” The company is currently seeking negotiations with the hacker. If 90% of stolen funds are returned by Aug. 10, the hacker can keep the other 10%. However, if the attacker fails to comply with the deadline, Steadefi will offer the same bounty to the public to search for the bad actor. UPDATE NOTICE: A 2nd on-cha...