What Does d3 Mining Mean (dds Mining)?
What does d3 mining mean? In the decentralized finance (DeFi) project d3, mining
What does d3 mining mean? In the decentralized finance (DeFi) project d3, mining refers to the process where users earn rewards by staking their funds. Since the protocol is entirely community-driven, anyone can participate and freely decide which tokens to mine. This means that users do not need to manage assets, trade, or store their digital wallet private keys and cryptocurrency-related information like traditional banks.
So, what is d3? d3 is a platform based on blockchain technology. It is an open, scalable, and secure network architecture. Its main features include: permissionless, strong anonymity, good security, and resistance to attacks.
dds Mining
Recently, dds mining has gained increasing popularity. According to the latest data, as of November 18th, 12 PM (UTC+8), the total locked-in value of dds reached 1.47 billion USD with a 24-hour increase of 20.3%, ranking second. There have been over 34,000 on-chain transactions for dds, with a cumulative transaction value of 800 million USD. Currently, a single dds address has staked over 60,000 USDT and DFS, equivalent to approximately 40 million USD. dds stands for Decentralized Data Service, which is a decentralized data service protocol on the Ethereum network.
In the dds ecosystem, users can provide liquidity by staking assets or borrowing and also receive rewards and dividends by participating in governance.
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