Questions tagged [explained]

OliviaTaylor Wed Dec 11 2024 | 5 answers 1074

I've heard about GSN and I'm curious to learn more about it. Could someone please explain what GSN is and its purpose? I'm particularly interested in its origin, function, and how it's used.

Valentina Sat Nov 23 2024 | 7 answers 1658

I'm trying to understand cryptocurrency, but the explanations I've encountered so far are either too complex or not detailed enough. Is crypto really that difficult to explain clearly?

BusanBeautyBloomingStar Thu Nov 14 2024 | 7 answers 1694

Alchemix is a DeFi protocol that allows users to create synthetic tokens representing the future earnings of their deposits. By depositing assets like DAI, users can mint alUSD, a synthetic stablecoin pegged to the US dollar. This protocol enables users to unlock the liquidity of their deposits while earning yields on the underlying assets through Yearn vaults. The alUSD can be used for various DeFi activities or redeemed for the original deposit plus any accrued earnings.

SamuraiCourageous Wed Nov 06 2024 | 7 answers 1523

I'm trying to understand the concept of GCR. Could someone please explain what it stands for and its significance in a simple and clear manner?

Giuseppe Tue Nov 05 2024 | 5 answers 1084

I'm interested in learning about Raptoreum. Could someone provide a clear explanation of what it is, including its main features and how it differs from other cryptocurrencies?