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In 2014, SB (Senate Bill) 260 created special youth offender parole hearings for individuals who were under the age of 18 at the time of their crimes under Penal Code sections 3051 and 3051.1 (“SB 260 Hearings”) In October 2015 Governor Brown signed into law SB 261, which expands SB 260 Hearings to include people who committed their offense when they were ages 18 through 22, and who have already served 15, 20 or 25 years.
These hearings take into consideration: 1) the facts that youth are less responsible than adults for their actions; 2) the features of youth (for example; youth are not as good as adults at understanding the risks and consequences of their actions, resisting impulse and peer pressure, or controlling their surroundings, etc.); and 3) any rehabilitation and increased maturity over time.
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Liquidity pools are one of the foundational technologies behind the current Decentralized Finance (DeFi) ecosystem. They are an essential part of automated market makers (AMM), borrow-lend protocols, yield farming, synthetic assets, on-chain insurance, blockchain gaming – the list goes on.
A liquidity pool is a collection of funds locked in a smart contract. Liquidity pools are used to facilitate decentralized trading, lending, and many more functions. Since anyone can be a liquidity provider, AMMs have made market making more accessible. While burning a financial asset might sound extreme, burning crypto tokens is a fairly common.
Token burning is a strategy followed by cryptocurrency projects to influence the price of a token, or coin, in the market. This is done by permanently removing some tokens from circulation. While the major cryptos (Bitcoin and Ethereum) don’t have token burning programs, many strong Altcoins use it. For instance, Binance has a target of burning 100 million BNB tokens, while there are similar practices for both USDT Tokens (issued by Tether) and XRP coins (issued by Ripple). The most popular token for burn mechanisms is SAFEMOON Tokens (issued by SafeMoon) which inspired the creation of the contract FJUST contract. |
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