TheDinarian
News • Business • Investing & Finance
EdgeCloud June 26 Release Details — Elite+ Booster Q&A
April 15, 2024
post photo preview

With the excitement leading up to EdgeCloud release, we’ve seen many questions from the Theta community on how the Elite+ Booster upgrade will work and how much they can earn. Let’s address some of the top topics on this exciting new feature for edge nodes:

  1. How do I qualify as an Elite+ Booster node for EdgeCloud jobs?

You must be running an Elite edge node with a full 500k TFUEL staked from a single non-delegated source wallet. After June 26, a new booster feature will enable you to lock additional TFUEL and earn rewards from jobs completed through high-end EdgeCloud GPUs hosted by Theta Labs.

2. I stake my TFUEL on other people’s edge nodes, do I still qualify?

You must run and stake to your own elite edge node with the full 500k TFUEL in order to participate in the Elite+ booster program.

3. I have 500k TFUEL staked to my elite edge node from three wallets, do I still qualify?

No, you need to have the full 500k staked to your elite node from a singlenon-delegated source wallet. We recommend that you unstake from the three wallets and restake from a single wallet.

4. Is there a maximum amount that can be locked to a single Elite+ Booster node?

Yes, an additional 500k TFUEL can be locked on top of the base 500k TFUEL staked to the node, for a total of 1M TFUEL per elite edge node. This is a change from the original white paper to avoid a potential drop in the total number of elite nodes on the Theta network.

5. Is there a locking period, and can I mix and match?

Yes, there will be an option to lock your TFUEL for 3, 6, and 12 months, starting from the day that you lock and are based on 1143000, 2286000, and 4572000 blocks respectively so there could be some time variance. You can lock any combination of 3–6–12 months up to the maximum of 500k TFUEL per Booster node. For example, you can lock 200k TFUEL for 3 months, another 200k for 6 months and 100k for 12 months.

6. Do longer locking periods earn greater bonuses and are all rewards in TFUEL?

Yes, the 6-month option will earn 25% more than the 3-month option for the same jobs, and the 12-month option will earn 50% more than the 3-month option. For example, if your 3-month lock earns 10,000 TFUEL per month, then locking the same amount of TFUEL for 6 months will earn 12,500 TFUEL per month, and 15,000 TFUEL per month for the 12-month lock.

As for as rewards, they aren’t limited to TFUEL as some EC partner jobs will be paid in TNT-20 tokens.

7. Does the locked TFUEL leave my wallet and earn base TFUEL staking rewards?

The locked TFUEL is sent to a smart contract that will enforce the locking periods, so they will not be available in your wallet. When the locking period ends, you can withdraw that TFUEL back to your wallet subject to the standard cooldown period of 30,000 blocks, roughly 2.5 days. The additional locked TFUEL will not earn base TFUEL staking rewards, only EC job rewards. In the future, we may change this and enable base TFUEL staking rewards on top of job rewards.

8. How much will Elite+ Booster nodes earn?

First, the locked TFUEL to Booster nodes should earn more from EdgeCloud jobs than the current ~7% APY from TFUEL staking rewards. You will earn a proportional amount to the total TFUEL locked by all Booster nodes. For example, if you lock 500k TFUEL for 12 months, and a total of 50M TFUEL is currently locked across all Elite+ Booster nodes, then you will earn 1% of the total EC job rewards plus 0.5% bonus for the 12-month option.

Note: this only applies to the amount of TFUEL locked beyond the base 500k staked to your node. In other words, the base 500k TFUEL is not counted towards the Booster job reward calculation.

In addition to TFUEL, you can also earn other TNT-20 tokens from partner EC jobs. For planning purposes, if the allocated EdgeCloud GPUs are utilized 80%-100%, then you can expect to earn between 14%-28% APY on your locked TFUEL, depending on a number of variables including the lock period. This is in aggregate across all rewards paid in TFUEL and TNT-20 tokens, and are subject to change.

9. Where do the additional TFUEL and TNT-20 tokens from EC job rewards come from?

The TFUEL job rewards will come directly from EdgeCloud customers and partners paying with either fiat currency through the Stripe integration or with TFUEL directly. Initially, some job rewards will also come from in-house Theta projects including the AI showcase, Generative AI Art campaigns, and other community projects to be announced. To be clear, the additional TFUEL does not come from the current TFUEL inflation. Partner EC jobs can also be rewarded in TNT-20 tokens.

10. What happens if I unstake the original 500k TFUEL from the elite edge node?

If you unstake the base TFUEL and your stake balance is less than 500k, you will no longer qualify for Elite+ Booster and will stop earning EC job rewards. The 3/6/12 lockup period will continue to be enforced; however, you can re-stake to the same edge node and top up to the original 500k and start earning again.

11. Will I earn more Elite+ Booster rewards if I upgrade my hardware now?

At the moment, we do not recommend upgrading your hardware and as it will not impact EC job rewards from cloud hosted GPUs. However, this may change in later releases with the full rollout of the hybrid cloud-edge computing platform later in 2024–2025.

12. When is the best time to purchase TFUEL and prepare for Elite+ Booster launch?

Now is the best time to top up and stake the full 500k TFUEL to your elite edge node. Then, on June 26 you can access the Booster feature and lock an additional 500k TFUEL to earn even more EC job rewards. Of course, you can also run multiple Elite+ Booster nodes, each up to 1M TFUEL.

Link

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
“We built the tools of our own destruction” Andre Cronje

“We built the tools of our own destruction”

Andre Cronje from @SonicLabs breaks down how DEFI is being absorbed by TradFi, why decentralisation is fading, and what the future really looks like

Love him or hate him, he's brutally honest and deeply insightful 🧠

00:09:29
⚠ As A Navy Veteran, This Tells Me Something BIG IS COMING!

🚨 This is a VERY big deal.

👉 U.S. Space Force Major General John Olson-just said, “There absolutely is life out there.”

👉 He said it during a press conference. Not in a podcast. Not off the record.

👉 Someone at that level, in that uniform, making a statement like this publicly? That’s not nothing. That’s a shift. A MAJOR SHIFT!

00:02:04
⚠ History Doesn't Always Repeat But History Sometimes Rhymes ⚠

Alex Jones says bad actors inside the United States are preparing to release a biological weapon on the American people on July 4th.

He claims they plan to blame Russia and China, then ultimately point the finger at Trump for pulling out of the World Health Organization.

👉He says a table-top exercise held last year simulated a bio-attack tied to Russia and China set for July 4th 2025.


The National Blueprint for Biodefense is a comprehensive report released by the Bipartisan Commission on Biodefense, aimed at addressing various biological threats such as naturally occurring diseases, accidental laboratory releases, and biological attacks. The 2024 edition of the Blueprint contains 36 recommendations and 185 action items to enhance the nation's biodefense capabilities.

This report was released in the context of rising threats from offensive biological weapons programs, lab accidents, and outbreaks, highlighting the need for significant reforms and improvements in the U.S. ...

00:02:42
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
Clif Highs Webbot Tension Meter For July 👀

Hello Humans! Are you ready ? ! ? It's just ahead, getting ready to emerge from the Event-stream as the day counter on this Eternal Now ticks over to July 1...

mostly i don't care so much about what the Normanity (normie humanity) is going to do b/c i have @1HeidVandenberg. She and the doggos and i will be sitting back with pie and milk watching the events manifest in the parade of habbenings.

The forecast is that we jump into the pool of emergence at the deep end on July 1. We will see...

BTW guys, i just want you to note how much elevated your collective emotional state has become. i do claim credit for being accurate on these forecasts of emotional levels over these last 3 years.

https://x.com/clif_high/status/1939309007375888772?s=19

🌪️📉 America’s Economic Storm: Key Signs of Mounting Financial Strain 🌪️

The U.S. economy is showing clear signs of distress, with multiple indicators pointing to widespread challenges across housing, employment, and consumer spending

🔷 The housing market is in abysmal shape, with new home sales plunging and home prices falling for consecutive months, marking the worst May for existing home sales since the last major financial crisis

🔷 Retail sales have dropped more than anticipated, as consumers pull back on spending amid growing economic uncertainty and higher costs

🔷 The labor market is under pressure, with the Federal Reserve Bank of New York highlighting noticeable deterioration, particularly for young adults and new entrants to the workforce

🔷 Layoffs are surging, with major employers announcing significant job cuts and tech giants like Microsoft and Google reducing staff across divisions

🔷 Factory closures are accelerating, especially in states like California, where iconic businesses are shutting down due to inflation, labor shortages, and ...

🌍🟩 Kraken and Bybit Launch Tokenized Stocks for Global Investors: Wall Street Goes Onchain 🌍

Major crypto exchanges Kraken and Bybit have rolled out tokenized stocks and ETFs through the Swiss-based xStocks platform by Backed, targeting investors outside the United States who want seamless access to American equities.

🔷 The offering features high-profile US stocks—including tech leaders, Nike, Walmart, and Exxon Mobil—in tokenized form, allowing non-US investors to own fractions of US stocks and hold these Solana-based assets directly in their crypto wallets alongside other digital assets.

🔷 With xStocks, users can move, hold, spend, or borrow against tokenized shares, all from their wallets, with no intermediaries, borders, or delays. Trading fees are waived for users paying in USD or USDG stablecoin, though spreads apply.

🔷 Token holders do not directly own the underlying stocks; instead, dividends are distributed as additional tokens, and each token is fully backed by real shares held by Backed.

🔷 The tokens are available for trading around the clock, with ...

post photo preview
Musk Turns On Starlink to Save Iranians from Regime’s Internet Crackdown

Elon Musk, the world’s richest man and a visionary behind SpaceX, has flipped the switch on Starlink, delivering internet to Iranians amid a brutal regime crackdown.

This move comes on the heels of Israeli strikes targeting Iran’s nuclear facilities, as the Islamic Republic cuts off online access.

The former Department of Government Efficiency chief activated Starlink satellite internet service for Iranians on Saturday following the Islamic Republic's decision to impose nationwide internet restrictions.

As the Jerusalem Post reports, that the Islamic Republic’s Communications Ministry announced the move, stating, "In view of the special conditions of the country, temporary restrictions have been imposed on the country’s internet."

This action followed a series of Israeli attacks on Iranian targets.

Starlink, a SpaceX-developed satellite constellation, provides high-speed internet to regions with limited connectivity, such as remote areas or conflict zones.

Elizabeth MacDonald, a Fox News contributor, highlighted its impact, noting, "Elon Musk turning on Starlink for Iran in 2022 was a game changer. Starlink connects directly to SpaceX satellites, bypassing Iran’s ground infrastructure. That means even during government-imposed shutdowns or censorship, users can still get online, and reportedly more than 100,000 inside Iran are doing that."

During the 2022 "Woman, Life, Freedom" protests, Starlink enabled Iranians to communicate and share footage globally despite network blackouts," she added.

MacDonald also mentioned ongoing tests of "direct-to-cell" capabilities, which could allow smartphone connections without a dish, potentially expanding access and supporting free expression and protest coordination.

Musk confirmed the activation, noting on Saturday, "The beams are on."

This follows the regime’s internet shutdowns, which were triggered by Israeli military actions.

Adding to the tension, Israeli Prime Minister Benjamin Netanyahu addressed the Iranian people on Friday, urging resistance against the regime.

"Israel's fight is not against the Iranian people. Our fight is against the murderous Islamic regime that oppresses and impoverishes you,” he said.

Meanwhile, Reza Pahlavi, the exiled son of Iran’s last monarch, called on military and security forces to abandon the regime, accusing Supreme Leader Ayatollah Ali Khamenei in a Persian-language social media post of forcing Iranians into an unwanted war.

Starlink has been a beacon in other crises. Beyond Iran, Musk has leveraged Starlink to assist people during natural disasters and conflicts.

In the wake of hurricanes and earthquakes, Starlink has provided critical internet access to affected communities, enabling emergency communications and coordination.

Similarly, during the Ukraine-Russia conflict, Musk activated Starlink to support Ukrainian forces and civilians, ensuring they could maintain contact and access vital information under dire circumstances.

The genius entrepreneur, is throwing a lifeline to the oppressed in Iran, and the libs can’t stand it.

Conservative talk show host Mark Levin praised Musk’s action, reposting a message stating that Starlink would "reconnect the Iranian people with the internet and put the final nail in the coffin of the Iranian regime."

"God bless you, Elon. The Starlink beams are on in Iran!" Levin wrote.

Musk, who recently stepped down from leading the DOGE in the Trump administration, has apologized to President Trump for past criticisms, including his stance on the One Big Beautiful Bill.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

Read full Article
post photo preview
GENIUS Act lets State banks conduct some business nationwide. Regulators object

The Senate passed the GENIUS Act for stablecoins last week, but significant work remains before it becomes law. The House has a different bill, the STABLE Act, with notable differences that must be reconciled. State banking regulators have raised strong objections to a provision in the GENIUS Act that would allow state banks to operate nationwide without authorization from host states or a federal regulator.

The controversial clause permits a state bank with a regulated stablecoin subsidiary to provide money transmitter and custodial services in any other state. While host states can impose consumer protection laws, they cannot require the usual authorization and oversight typically needed for out-of-state banking operations.

The Conference of State Bank Supervisors welcomed some changes in the GENIUS Act but remains adamantly opposed to this particular provision. In a statement, CSBS said:

“Critical changes must be made during House consideration of the legislation to prevent unintended consequences and further mitigate financial stability risks. CSBS remains concerned with the dramatic and unsupported expansion of the authority of uninsured banks to conduct money transmission or custody activities nationwide without the approval or oversight of host state supervisors (Sec. 16(d)).”

The National Conference of State Legislatures expressed similar concerns in early June, stating:

“We urge you to oppose Section 16(d) and support state authority to regulate financial services in a manner that reflects local conditions, priorities and risk tolerances. Preserving the dual banking system and respecting state autonomy is essential to the safety, soundness and diversity of our nation’s financial sector.”

Evolution of nationwide authorization

Section 16 addresses several issues beyond stablecoins, including preventing a recurrence of the SEC’s SAB 121, which forced crypto assets held in custody onto balance sheets. However, the nationwide authorization subsection was added after the legislation cleared the Senate Banking Committee, with two significant modifications since then.

Originally, the provision applied only to special bank charters like Wyoming’s Special Purpose Depository Institutions or Connecticut’s Innovation Banks. Examples include crypto-focused Custodia Bank and crypto exchange Kraken in Wyoming, plus traditional finance player Fnality US in Connecticut. Recently the scope was expanded to cover most state chartered banks with stablecoin subsidiaries, possibly due to concerns about competitive advantages.

Simultaneously, the clause was substantially tightened. The initial version allowed state chartered banks to provide money transmission and custody services nationwide for any type of asset, which would include cryptocurrencies. Now these activities can only be conducted by the stablecoin subsidiary, and while Section 16(d) doesn’t explicitly limit services to stablecoins, the GENIUS Act currently restricts issuers to stablecoin related activities.

However, the House STABLE Act takes a more permissive approach, allowing regulators to decide which non-stablecoin activities are permitted. If the House version prevails in reconciliation, it could result in a significant expansion of allowed nationwide banking activities beyond stablecoins.

Is it that bad?

As originally drafted, the clause seemed overly permissive.

The amended clause makes sense for stablecoin issuers. They want to have a single regulator and be able to provide the stablecoin services throughout the United States. But it also leans into the perception outside of crypto that this is just another form of regulatory arbitrage.

The controversy over Section 16(d) reflects concerns about creating a regulatory gap that allows banks to operate interstate without the oversight typically required from either federal or state authorities. As the two Congressional chambers work toward reconciliation, lawmakers must decide whether stablecoin legislation should include provisions that effectively reduce traditional banking oversight requirements.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

Read full Article
post photo preview
Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

- Regulated broker-dealers and exchanges can now onboard and trade them

This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals