# Rangers Protocol launches Ethereum Virtual Machine-compatible testnet

# Rangers Protocol launches Ethereum Virtual Machine-compatible testnet

“# Rangers Protocol launches Ethereum Virtual Machine-compatible testnet ” The Rangers Protocol has opened its testnet to users aiming to provide an Ethereum Virtual Machine-compatible solution that supports cross-chain contract interoperability. In a Friday announcement, the Rangers Protocol said it had successfully migrated its first Dapp to the testnet which went live on July 19….

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# Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points

# Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points

“# Reddit deploys layer-2 solution aimed at scaling Ethereum-based community points ” Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system. In a Thursday announcement, Reddit administrator jarins said the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points….

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# New DeFi futures to enable hedging against Bitcoin mining difficulty

# New DeFi futures to enable hedging against Bitcoin mining difficulty

“# New DeFi futures to enable hedging against Bitcoin mining difficulty ” Decentralized derivatives exchange SynFutures announced a new product called Bitcoin (BTC) Hash Rate Futures that uses the biggest cryptocurrency’s ever-changing mining difficulty as a basis to open long or short positions.  Touted as fully decentralized hash rate futures, SynFutures’ new offering would let…

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# 3AC-backed DeFi protocol Tranchess launched to track Bitcoin performance

# 3AC-backed DeFi protocol Tranchess launched to track Bitcoin performance

“# 3AC-backed DeFi protocol Tranchess launched to track Bitcoin performance ” Three Arrows Capital CEO Su Zhu has announced the launch of decentralized finance (DeFi) protocol Tranchess. Tweeting on Thursday, Zhu described Tranchess as a “Tokenized Asset Management and Derivatives Trading” protocol. While the project aims to become a multi-chain and multi-asset DeFi protocol, with…

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# Ethereum must innovate beyond just DApps for DeFi degens: Vitalik Buterin

# Ethereum must innovate beyond just DApps for DeFi degens: Vitalik Buterin

“# Ethereum must innovate beyond just DApps for DeFi degens: Vitalik Buterin ” During his keynote at the EthCC conference in Paris, Ethereum co-founder and lead developer Vitalik Buterin implored the Ethereum community to innovate beyond the confines of decentralized finance. Describing non-financial utilities as “the most interesting part of the vision of general-purpose blockchains,”…

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