🎉 #Gate Alpha 3rd Points Carnival & ES Launchpool# Joint Promotion Task is Now Live!
Total Prize Pool: 1,250 $ES
This campaign aims to promote the Eclipse ($ES) Launchpool and Alpha Phase 11: $ES Special Event.
📄 For details, please refer to:
Launchpool Announcement: https://www.gate.com/zh/announcements/article/46134
Alpha Phase 11 Announcement: https://www.gate.com/zh/announcements/article/46137
🧩 [Task Details]
Create content around the Launchpool and Alpha Phase 11 campaign and include a screenshot of your participation.
📸 [How to Participate]
1️⃣ Post with the hashtag #Gate Alpha 3rd
Opinion: The "GENIUS Act" banning yield-generating stablecoins may be favourable information for the DeFi zone.
On July 19, U.S. President Trump signed the GENIUS Act on Friday, which prohibits the issuance of yield-bearing stablecoins, cutting off opportunities for institutions and retail investors to earn interest. These types of stablecoins create interest or returns for holders through yield mechanisms such as staking or lending. Crypto analyst Nic Puckrin stated that the cancellation of stablecoin yields "is good news for the major alternatives generated as passive income based on Ethereum's DeFi." CoinFund President Christopher Perkins also remarked: "The dollar is a devalued asset without yield. DeFi is precisely where yields can be generated to preserve value. Therefore, I believe the summer of stablecoins will turn into the summer of DeFi."