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Remarkable step for StaFi 2.0: StaFi LSaaS is launched on the testnet!
The introduction of LSaaS is to address the key challenge of swiftly and effectively launching a secure and capital-efficient #LSD on a Layer-1 blockchain.
👉LSaaS Testnet App: https://t.co/FnuJXe5u4h
Three core pre-built stacks of StaFi LSaaS:
1️⃣ETH LSD Stack
Empowers developers to create their own $ETH LSDs seamlessly & integrates with DeFi protocols.
2️⃣EVM LSD Stack
Facilitates the deployment of LSDs on EVM-compatible blockchains by leveraging a robust development toolkit
The introduction of LSaaS is to address the key challenge of swiftly and effectively launching a secure and capital-efficient #LSD on a Layer-1 blockchain.
👉LSaaS Testnet App: https://t.co/FnuJXe5u4h
Three core pre-built stacks of StaFi LSaaS:
1️⃣ETH LSD Stack
Empowers developers to create their own $ETH LSDs seamlessly & integrates with DeFi protocols.
2️⃣EVM LSD Stack
Facilitates the deployment of LSDs on EVM-compatible blockchains by leveraging a robust development toolkit
Hydro set the pace!
Good to see healthy competition emerging from Gryphon.
Hydro and Gryphon are Liquid Staking Derivative platforms built on Injective.
As the name implies, this platforms enables you to mint your native asset ($INJ ) on a 1:1 ratio for a derivative of $INJ of which $hINJ is the ticker in the case of Hydro.
This derivative is liquid and can be used for various purpose like trading and lp farming and can be swapped back to $INJ
Liquid Staking will open a lot of opportunities and attract a lot of users to the Injective chain.
With Hydro hitting a TVL of $100M in 10 days, Gryphon has the possibility of attaining similar feats as it's still in an incentivised testnet phase.
At this point, if you're not bullish on Injective, you'll be back to the chain in the future when it has established it's status as the Hub of Decentralized Finance.
#Injective #LSD
Good to see healthy competition emerging from Gryphon.
Hydro and Gryphon are Liquid Staking Derivative platforms built on Injective.
As the name implies, this platforms enables you to mint your native asset ($INJ ) on a 1:1 ratio for a derivative of $INJ of which $hINJ is the ticker in the case of Hydro.
This derivative is liquid and can be used for various purpose like trading and lp farming and can be swapped back to $INJ
Liquid Staking will open a lot of opportunities and attract a lot of users to the Injective chain.
With Hydro hitting a TVL of $100M in 10 days, Gryphon has the possibility of attaining similar feats as it's still in an incentivised testnet phase.
At this point, if you're not bullish on Injective, you'll be back to the chain in the future when it has established it's status as the Hub of Decentralized Finance.
#Injective #LSD
LIVE
Injective
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@Injective_: RT @Gryphon_fi: 🥷's This was leaked in Discord a few days ago but here's a quick lo...
🥷's
This was leaked in Discord a few days ago but here's a quick look at our updated UI.
It's looking smooth 😎
Feedback and bugs are being addressed.
Things are coming together nicely ✌️ pic.twitter.com/ovtZKXSPym
— Gryphon - Injective Liquid Staking (@Gryphon_fi) February 12, 2024
This was leaked in Discord a few days ago but here's a quick look at our updated UI.
It's looking smooth 😎
Feedback and bugs are being addressed.
Things are coming together nicely ✌️ pic.twitter.com/ovtZKXSPym
— Gryphon - Injective Liquid Staking (@Gryphon_fi) February 12, 2024
Maverick Boosted Position Alert ⚡️ Fresh $LUSD rewards added to BP #106 & BP#107 for 30 days! $LUSD holders @LiquityProtocol, supply liquidity and get fees, LUSD rewards, and MAV S1 Points: 👉Mode Static #106: https://bit.ly/MAV-BP106 👉Mode Both #107: https://bit.ly/MAV-BP107
Liquity to Launch New CDP Stablecoin Protocol in Late 2024
Liquity is set to launch a new stablecoin protocol, collateralized debt protocol (CDP), later this year.
The stablecoin protocol will introduce LST support and dynamic user-set interest rates in bid to drive growth.
Liquity, the project behind the LUSD decentralized stablecoin, will launch a newly redesigned protocol, CDP, this year.
On Feb. 15, Liquity announced plans to launch a revamped collateralized debt protocol (CDP) seeking to address the shortcomings encountered by its current offering in recent years.
Introducing the next evolution of CDPs
For nearly three years, Liquity has stood as a cornerstone within DeFi. With over $4.5 billion in loans issued, and its status as the most forked stablecoin protocol, its impact is undeniable.
We share a steadfast commitment to the…
— Liquity (@LiquityProtocol) February 15, 2024
Liquity’s new protocol will introduce several new features, including support for liquid staking tokens (LSTs) as collateral, and new mechanisms designed to maintain LUSD’s peg to the dollar.
Liquity will also debut dynamic “user-set interest rates” alongside a new liquidation system that will prioritize forced redemptions for users paying lower fees.
“We are strongly convinced that the introduction of this new DeFi primitive, centered on user-driven interest rates, not only enhances its direct appeal to users but also opens doors for developers and protocols,” Liquity said.
See Also: Klaytn, Finschia Blockchains Merge To Become Asia’s Biggest Web3 Ecosystem In Abu Dhabi
“By choosing higher interest rates, borrowers can reduce the likelihood of being affected by redemptions, thereby aligning their individual incentives with the stablecoin peg dynamics of the system.”
Liquity said that users can protect themselves from liquidation redemptions in the event of heavy selling pressure by increasing borrowing rates.
“The resulting higher fee payments serve as direct revenue to the Stability Pool, driving demand for the stablecoin which subsequently helps the stablecoin peg and lowers redemption risk,” it added.
Liquity said it aims to launch the protocol sometime around late Q3 2024.
Liquity’s Decline
Liquity said its “steadfast commitment” to decentralization has caused issues for the protocol in recent years.
Liquity has been unable to adapt to the evolving macroeconomic landscape driven by interest rate fluctuations, with the team concluding that its algorithmic rate mechanism has not remained competitive within the current economic environment.
Liquity also said its market share has declined as rival protocols introduced support for LSTs, which allow CDP users to earn staking rewards on tokens representing ETH deposits.
“The primary challenge has transitioned from scaling borrowing demand… in an environment with rising interest rates,” Liquity said. “This… has illuminated areas where our current system can improve, and highlighted opportunities for innovation within our codebase.”
While users have taken out more than $4.5B worth of loans from Liquity since its launch, LUSD’s market cap has declined throughout the majority of the protocol’s lifespan.
Launched in April 2021, LUSD sought to address many of the criticisms facing the long-standing incumbent and pioneering CDP, MakerDAO, which had alienated some users by abandoning its original ETH-only backing in favor of supporting an increasing number of highly centralized assets, such as USDC.
Liquity sought to address this by launching a CDP exclusively supporting ETH and decentralizing the protocol to prevent major changes from being made to the protocol in the future.
Just six weeks after launching, LUSD’s market cap had rocketed to an all-time high of nearly $1.56B, before slumping to $445.5M by August 2021, according to CoinGecko.
See Also: More Than 1M Telegram Users Signed Up Using HERE, The NEAR Protocol’s Self-Custodial Wallet, In Just 10 Days
Its market cap then ramped up to $934B as of Nov. 30, 2021, but had steadily fallen to $160M as of June 2022.
LUSD’s capitalization again ramped up alongside rising ETH prices in 2023, but has fallen by half after posting a local high of $300M on Aug. 30, 2023 — currently sitting at $152M.
Disclaimer: The information provided is not trading nor financial advice. Bitcoinworld.co.in holds no liability for any trading or investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any trading or investment decisions.
#Binance #WRITE2EARN
The post Liquity To Launch New CDP Stablecoin Protocol In Late 2024 appeared first on BitcoinWorld.
The stablecoin protocol will introduce LST support and dynamic user-set interest rates in bid to drive growth.
Liquity, the project behind the LUSD decentralized stablecoin, will launch a newly redesigned protocol, CDP, this year.
On Feb. 15, Liquity announced plans to launch a revamped collateralized debt protocol (CDP) seeking to address the shortcomings encountered by its current offering in recent years.
Introducing the next evolution of CDPs
For nearly three years, Liquity has stood as a cornerstone within DeFi. With over $4.5 billion in loans issued, and its status as the most forked stablecoin protocol, its impact is undeniable.
We share a steadfast commitment to the…
— Liquity (@LiquityProtocol) February 15, 2024
Liquity’s new protocol will introduce several new features, including support for liquid staking tokens (LSTs) as collateral, and new mechanisms designed to maintain LUSD’s peg to the dollar.
Liquity will also debut dynamic “user-set interest rates” alongside a new liquidation system that will prioritize forced redemptions for users paying lower fees.
“We are strongly convinced that the introduction of this new DeFi primitive, centered on user-driven interest rates, not only enhances its direct appeal to users but also opens doors for developers and protocols,” Liquity said.
See Also: Klaytn, Finschia Blockchains Merge To Become Asia’s Biggest Web3 Ecosystem In Abu Dhabi
“By choosing higher interest rates, borrowers can reduce the likelihood of being affected by redemptions, thereby aligning their individual incentives with the stablecoin peg dynamics of the system.”
Liquity said that users can protect themselves from liquidation redemptions in the event of heavy selling pressure by increasing borrowing rates.
“The resulting higher fee payments serve as direct revenue to the Stability Pool, driving demand for the stablecoin which subsequently helps the stablecoin peg and lowers redemption risk,” it added.
Liquity said it aims to launch the protocol sometime around late Q3 2024.
Liquity’s Decline
Liquity said its “steadfast commitment” to decentralization has caused issues for the protocol in recent years.
Liquity has been unable to adapt to the evolving macroeconomic landscape driven by interest rate fluctuations, with the team concluding that its algorithmic rate mechanism has not remained competitive within the current economic environment.
Liquity also said its market share has declined as rival protocols introduced support for LSTs, which allow CDP users to earn staking rewards on tokens representing ETH deposits.
“The primary challenge has transitioned from scaling borrowing demand… in an environment with rising interest rates,” Liquity said. “This… has illuminated areas where our current system can improve, and highlighted opportunities for innovation within our codebase.”
While users have taken out more than $4.5B worth of loans from Liquity since its launch, LUSD’s market cap has declined throughout the majority of the protocol’s lifespan.
Launched in April 2021, LUSD sought to address many of the criticisms facing the long-standing incumbent and pioneering CDP, MakerDAO, which had alienated some users by abandoning its original ETH-only backing in favor of supporting an increasing number of highly centralized assets, such as USDC.
Liquity sought to address this by launching a CDP exclusively supporting ETH and decentralizing the protocol to prevent major changes from being made to the protocol in the future.
Just six weeks after launching, LUSD’s market cap had rocketed to an all-time high of nearly $1.56B, before slumping to $445.5M by August 2021, according to CoinGecko.
See Also: More Than 1M Telegram Users Signed Up Using HERE, The NEAR Protocol’s Self-Custodial Wallet, In Just 10 Days
Its market cap then ramped up to $934B as of Nov. 30, 2021, but had steadily fallen to $160M as of June 2022.
LUSD’s capitalization again ramped up alongside rising ETH prices in 2023, but has fallen by half after posting a local high of $300M on Aug. 30, 2023 — currently sitting at $152M.
Disclaimer: The information provided is not trading nor financial advice. Bitcoinworld.co.in holds no liability for any trading or investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any trading or investment decisions.
#Binance #WRITE2EARN
The post Liquity To Launch New CDP Stablecoin Protocol In Late 2024 appeared first on BitcoinWorld.
Ethereum and Arbitrum-based LSD platform Pendle will expand to the BNBChain network today as developers look to capture newer users and attract revenues for the burgeoning service.
Pendle is a DeFi protocol that enables the trading of tokenized future yield on an AMM system. Pendle aims to provide the holders of yield-generating assets with the opportunity to generate additional yield and to lock in future yield upfront, while offering traders direct exposure to future yield streams, without the need for an underlying collateral.
Pendle holds the tenth-largest TVL on Arbitrum and is the biggest RocketPool ether (rETH) holder and the third-largest wrapped staked ether (wstETH) on the network. The locked value of tokens on Pendle has grown nearly 300% since the start of this year despite a general bear market.
#BNB #LSD #ETH
Pendle is a DeFi protocol that enables the trading of tokenized future yield on an AMM system. Pendle aims to provide the holders of yield-generating assets with the opportunity to generate additional yield and to lock in future yield upfront, while offering traders direct exposure to future yield streams, without the need for an underlying collateral.
Pendle holds the tenth-largest TVL on Arbitrum and is the biggest RocketPool ether (rETH) holder and the third-largest wrapped staked ether (wstETH) on the network. The locked value of tokens on Pendle has grown nearly 300% since the start of this year despite a general bear market.
#BNB #LSD #ETH
Today in web 3
Covering significant buzz around decentralized apps, cryptocurrency trends
Dive into the latest developments 👇
🔘 BTC, ETH and SOL at $64.1k, $3.4k and $157 respectively
🔘 Robinhood agrees to $9 Million settlement over unsolicited text messages
🔘 @OKX_Ventures announces strategic investment in zkLink
🔘 @EtherFi open claims for Season 2 ETHFI airdrop
🔘 Data shows that the total number of tokens that have launched in the first half of this year is more than the total amount that launched last year
🔘 @PontemNetwork announced that LiquidSwap DAO token $LSD will be listed on July 30, with 15% of the supply allocated to airdrops
🔘 DOGS users can connect their TON wallet to their DOGS
account
Credits: ChainCatcher, Decrypt, MarsBit
Covering significant buzz around decentralized apps, cryptocurrency trends
Dive into the latest developments 👇
🔘 BTC, ETH and SOL at $64.1k, $3.4k and $157 respectively
🔘 Robinhood agrees to $9 Million settlement over unsolicited text messages
🔘 @OKX_Ventures announces strategic investment in zkLink
🔘 @EtherFi open claims for Season 2 ETHFI airdrop
🔘 Data shows that the total number of tokens that have launched in the first half of this year is more than the total amount that launched last year
🔘 @PontemNetwork announced that LiquidSwap DAO token $LSD will be listed on July 30, with 15% of the supply allocated to airdrops
🔘 DOGS users can connect their TON wallet to their DOGS
account
Credits: ChainCatcher, Decrypt, MarsBit
Defi’s Total Value Locked Hits $80 Billion in a Dramatic Turnaround Since 2022
Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size is Lido’s liquid staking platform, with ether-based liquid staking derivatives (LSDs) securing a dominant position […] Source: Bitcoin.com
The post Defi’s Total Value Locked Hits $80 Billion in a Dramatic Turnaround Since 2022 appeared first on Crypto Breaking News.
The post Defi’s Total Value Locked Hits $80 Billion in a Dramatic Turnaround Since 2022 appeared first on Crypto Breaking News.
A stablecoin must be stable.
That's why we dug deep when designing $BOLD, to ensure this is the case.
While $LUSD is the most resilient stablecoin in existence, it has one Achilles heel; there is no way to bring it down to peg.
When demand for a secure store of value is high, $LUSD tends to be above peg for long stretches of time.
As visible below, this was the case from July 2022 until August 2023.
While not an issue for holders, it is a one for borrowers. If they sell $LUSD after minting it, they need to buy it back later, potentially at a premium of 2% or 3%.
Not a good user experience.
But this will change with $BOLD!
For downside peg protection it will use the same bulletproof mechanism as $LUSD; redemptions.
However, Liquity v2 will also have upside protection.
Rooted in the new concept of user-set interest rates it will employ game theory to achieve this goal.
Rates are creating a balance between the cost of minting and the cost that users demand to hold it.
The logic is as follows:
1. Whenever $BOLD is above $1.00 there is no economic incentive to redeem.
2. As such, a rational user will lower the interest rate they’re paying for the loan.
3. This will result in a lower Stability Pool yield, and less hold-demand for $BOLD.
4. SP depositors will start exiting, selling $BOLD, lowering its price.
This mechanism was missing in v1 and led to long periods of $LUSD being over peg.
The ability to lower interest rates and thereby demand for $BOLD, will help bring the price back down and closer to peg again.
That's why we dug deep when designing $BOLD, to ensure this is the case.
While $LUSD is the most resilient stablecoin in existence, it has one Achilles heel; there is no way to bring it down to peg.
When demand for a secure store of value is high, $LUSD tends to be above peg for long stretches of time.
As visible below, this was the case from July 2022 until August 2023.
While not an issue for holders, it is a one for borrowers. If they sell $LUSD after minting it, they need to buy it back later, potentially at a premium of 2% or 3%.
Not a good user experience.
But this will change with $BOLD!
For downside peg protection it will use the same bulletproof mechanism as $LUSD; redemptions.
However, Liquity v2 will also have upside protection.
Rooted in the new concept of user-set interest rates it will employ game theory to achieve this goal.
Rates are creating a balance between the cost of minting and the cost that users demand to hold it.
The logic is as follows:
1. Whenever $BOLD is above $1.00 there is no economic incentive to redeem.
2. As such, a rational user will lower the interest rate they’re paying for the loan.
3. This will result in a lower Stability Pool yield, and less hold-demand for $BOLD.
4. SP depositors will start exiting, selling $BOLD, lowering its price.
This mechanism was missing in v1 and led to long periods of $LUSD being over peg.
The ability to lower interest rates and thereby demand for $BOLD, will help bring the price back down and closer to peg again.
Introducing Gryphon: Transforming LSD Staking on Injective
Hello, ninja world! A groundbreaking protocol is making its debut on Injective, and it goes by the name Gryphon. Picture this: a fusion of DeFi titans Lido and Maker, Gryphon is here to elevate the Injective ecosystem to new heights.
What is Gryphon?
Gryphon is a decentralized #LSD (Liquidity Staking Derivatives) protocol designed specifically for #Injective . Going beyond traditional staking, Gryphon integrates borrowing and lending features, enabling users to optimize their staking strategies and unlock the liquidity potential of their staked assets.
Why Gryphon?
Layer one ecosystems often face challenges related to capital inefficiency, leading to locked funds and limited utility. Gryphon addresses this by allowing users to borrow against their staked assets, opening up new possibilities for liquidity use.
Key Features of Gryphon’s Testnet Launch
Borrow: Use staked assets like INJ, wETH, or wBTC as collateral to mint nUSD. Stake nUSD to earn a fixed 5% yield, and pair USDT/USDC with nUSD to earn additional Gryphon rewards.Stake: Stake nAssets to receive incentives and rewards, amplifying your overall staking rewards. Gryphon facilitates increased capital efficiency and flexible deployment.
Why Build on Injective?
Injective, as a platform, aligns with Gryphon’s mission to reshape the financial system. It offers advantages at every layer of the stack, optimizing dApps for distinct advantages and unlocking a new design space.
Staked $INJ as the Initial Supported Asset
Gryphon starts with staked $INJ as the initial supported asset for borrowing, providing users with a familiar and valuable asset to engage with Gryphon’s features.
Conclusion
Gryphon’s Vision for Injective Gryphon aims to become the leading on-chain lending market for staked assets within the Injective ecosystem. Seamlessly integrating liquidity across multiple chains without the need for cross-chain operations, Gryphon introduces a robust native money market to enhance staking strategies.
Experience More Capital Efficiency
Gryphon enables you to move your funds wherever they make the most sense for you, offering increased capital efficiency and flexible capital deployment.
Join Gryphon on Injective
Embark on a high-stakes adventure with Gryphon, where ancient myths meet modern strategy. Gryphon is set to redefine LSD staking on Injective, providing users with limitless possibilities for their staked assets.
#crypto2023 #CryptoEcosystems $INJ
What is Gryphon?
Gryphon is a decentralized #LSD (Liquidity Staking Derivatives) protocol designed specifically for #Injective . Going beyond traditional staking, Gryphon integrates borrowing and lending features, enabling users to optimize their staking strategies and unlock the liquidity potential of their staked assets.
Why Gryphon?
Layer one ecosystems often face challenges related to capital inefficiency, leading to locked funds and limited utility. Gryphon addresses this by allowing users to borrow against their staked assets, opening up new possibilities for liquidity use.
Key Features of Gryphon’s Testnet Launch
Borrow: Use staked assets like INJ, wETH, or wBTC as collateral to mint nUSD. Stake nUSD to earn a fixed 5% yield, and pair USDT/USDC with nUSD to earn additional Gryphon rewards.Stake: Stake nAssets to receive incentives and rewards, amplifying your overall staking rewards. Gryphon facilitates increased capital efficiency and flexible deployment.
Why Build on Injective?
Injective, as a platform, aligns with Gryphon’s mission to reshape the financial system. It offers advantages at every layer of the stack, optimizing dApps for distinct advantages and unlocking a new design space.
Staked $INJ as the Initial Supported Asset
Gryphon starts with staked $INJ as the initial supported asset for borrowing, providing users with a familiar and valuable asset to engage with Gryphon’s features.
Conclusion
Gryphon’s Vision for Injective Gryphon aims to become the leading on-chain lending market for staked assets within the Injective ecosystem. Seamlessly integrating liquidity across multiple chains without the need for cross-chain operations, Gryphon introduces a robust native money market to enhance staking strategies.
Experience More Capital Efficiency
Gryphon enables you to move your funds wherever they make the most sense for you, offering increased capital efficiency and flexible capital deployment.
Join Gryphon on Injective
Embark on a high-stakes adventure with Gryphon, where ancient myths meet modern strategy. Gryphon is set to redefine LSD staking on Injective, providing users with limitless possibilities for their staked assets.
#crypto2023 #CryptoEcosystems $INJ
@hydro_fi: RT by @Injective_: The long-awaited Hydro Mainnet is finally launching tomorrow. Ear...
The long-awaited Hydro Mainnet is finally launching tomorrow.
Early Access Farming will begin with the Mainnet Launch. We have prepared EAF to introduce the basic utility of $hINJ and LSDFi .
To learn more about what EAF is, refer to the link below:
📄 https://t.co/mk4IM3LaX2… pic.twitter.com/Fl8px3WbMT
— Hydro Protocol (@hydro_fi) January 30, 2024
Early Access Farming will begin with the Mainnet Launch. We have prepared EAF to introduce the basic utility of $hINJ and LSDFi .
To learn more about what EAF is, refer to the link below:
📄 https://t.co/mk4IM3LaX2… pic.twitter.com/Fl8px3WbMT
— Hydro Protocol (@hydro_fi) January 30, 2024
🚀Top Project From Recent Funding Round 💰 Solayer 🚀
🎉 Solayer has just secured $12.00M in its latest funding round! 🎉
🔹About: Solayer is an advanced restaking protocol built natively on the Solana blockchain. It aims to enhance the security and efficiency of decentralized applications (dApps) by leveraging Solana’s economic security and premium execution capabilities. Solayer introduces a shared validator network that allows various protocols to tap into a common economic security infrastructure, thereby improving network bandwidth and transaction throughput. This restaking network empowers dApps with a greater likelihood of securing block space and prioritizing transaction inclusion. Solayer recently raised $12 million in a seed funding round led by Polychain Capital, highlighting strong investor confidence. The platform’s mainnet launch has already seen significant traction, with invite-only deposits hitting a $20 million cap in just 45 minutes. By focusing on endogenous AVS (Application Validator Sets), Solayer aims to provide a robust and scalable solution for the Solana ecosystem. This innovative approach not only enhances the base layer security but also supports the growth and sustainability of on-chain applications. With backing from major investors like Binance Labs, Solayer is poised to make a significant impact in the blockchain space. 🚀🌐
🔹 Lead Investors: Polychain Capital, Hack VC, Binance Labs, big Brain Holdings, Sandeep Nailwal and many more.
🔹 Total Raised: $12.00M.
🔹 Project Category: DeFi, LSDfi, Restaking on Solana.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#DEFİ #LSD #solana #Binance #BTC $SOL
$PYTH
$WIF
🔹About: Solayer is an advanced restaking protocol built natively on the Solana blockchain. It aims to enhance the security and efficiency of decentralized applications (dApps) by leveraging Solana’s economic security and premium execution capabilities. Solayer introduces a shared validator network that allows various protocols to tap into a common economic security infrastructure, thereby improving network bandwidth and transaction throughput. This restaking network empowers dApps with a greater likelihood of securing block space and prioritizing transaction inclusion. Solayer recently raised $12 million in a seed funding round led by Polychain Capital, highlighting strong investor confidence. The platform’s mainnet launch has already seen significant traction, with invite-only deposits hitting a $20 million cap in just 45 minutes. By focusing on endogenous AVS (Application Validator Sets), Solayer aims to provide a robust and scalable solution for the Solana ecosystem. This innovative approach not only enhances the base layer security but also supports the growth and sustainability of on-chain applications. With backing from major investors like Binance Labs, Solayer is poised to make a significant impact in the blockchain space. 🚀🌐
🔹 Lead Investors: Polychain Capital, Hack VC, Binance Labs, big Brain Holdings, Sandeep Nailwal and many more.
🔹 Total Raised: $12.00M.
🔹 Project Category: DeFi, LSDfi, Restaking on Solana.
🌟If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#DEFİ #LSD #solana #Binance #BTC $SOL
$PYTH
$WIF
The IQ Token's BrainDAO stakes a record 2700 ETH
BrainDAO now has over 2700 Ethereum staked through Frax Finance’s LSD. This will bring revenue to BrainDAO as all profits generated from Frax Ether validators are distributed to sfrxETH holders like BrainDAO. Frax Ether launched in January 2023, the BrainDAO treasury now has 2785 Staked Frax Ether which is equivalent to more than $4.5 million as of writing. The BrainDAO treasury continues to grow its war chest as it now has over $14.5 million in total assets as of writing. The IQ token is backed by the BrainDAO treasury and the treasury is fully governed by HiIQ holders. BrainDAO holds a diversified portfolio of IQ tokens, ethereum, stablecoins, blue chip NFTs, and other assets.
BrainDAO has been steadily accumulating ETH over time. ETH isn’t the only asset that BrainDAO has accumulated since its launch. The BrainDAO treasury has also been accumulating FRAX stablecoins through the Time-Weighted Average Market Maker (TWAMM) on Fraxswap along with other notable assets.
Frax Finance, the leading DeFi known for the world’s first fractional stablecoin and crypto native consumer price index launched Frax Ether in October 2022. Frax Ether is a liquid ETH staking derivative designed to uniquely leverage the Frax Finance ecosystem to maximize staking yield and smoothen the Ethereum staking process for a simplified, secure, and DeFi-native way to earn interest on ETH.
BrainDAO chose liquid staking with Frax Ether since it offers the highest return and security. Additionally, by opting to use a liquid ETH staking derivative instead of staking ETH in another form, staking yield can be accrued much more simply, abstracting the need to run validators, allowing yield to be earned on any amount of ETH. allowing withdrawals at any time and of any size, and allowing far greater composability throughout DeFi.
ETH in the Frax ecosystem comes in two forms, frxETH (Frax Ether), and sfrxETH (Staked Frax Ether).
frxETH acts as a stablecoin loosely pegged to ETH, so that 1 frxETH always represents 1 ETH and the amount of frxETH in circulation matches the amount of ETH in the Frax ETH system.
sfrxETH is an ERC-4626 vault designed to accrue the staking yield of the Frax ETH validators. At any time, frxETH can be exchanged for sfrxETH by depositing it into the sfrxETH vault, which allows users to earn staking yield on their frxETH.
By holding highly liquid stablecoins and Staked Frax Ethereum, BrainDAO provides the IQ token with more stability and protection during bear markets. While BrainDAO’s exposure to blue chip NFTs, the IQ token itself, and other assets allow the token to grow more quickly during bull markets.
This is just the start of BrainDAO’s growth as we plan to further diversify the treasury and bring in new cashflow to BrainDAO.
About IQ
The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia. IQ is a DeFi and governance token. The token is governed by BrainDAO which also includes BrainDAO's treasury of digital assets.
#ETH #IQ #BrainDAO #Frax #LSD
BrainDAO has been steadily accumulating ETH over time. ETH isn’t the only asset that BrainDAO has accumulated since its launch. The BrainDAO treasury has also been accumulating FRAX stablecoins through the Time-Weighted Average Market Maker (TWAMM) on Fraxswap along with other notable assets.
Frax Finance, the leading DeFi known for the world’s first fractional stablecoin and crypto native consumer price index launched Frax Ether in October 2022. Frax Ether is a liquid ETH staking derivative designed to uniquely leverage the Frax Finance ecosystem to maximize staking yield and smoothen the Ethereum staking process for a simplified, secure, and DeFi-native way to earn interest on ETH.
BrainDAO chose liquid staking with Frax Ether since it offers the highest return and security. Additionally, by opting to use a liquid ETH staking derivative instead of staking ETH in another form, staking yield can be accrued much more simply, abstracting the need to run validators, allowing yield to be earned on any amount of ETH. allowing withdrawals at any time and of any size, and allowing far greater composability throughout DeFi.
ETH in the Frax ecosystem comes in two forms, frxETH (Frax Ether), and sfrxETH (Staked Frax Ether).
frxETH acts as a stablecoin loosely pegged to ETH, so that 1 frxETH always represents 1 ETH and the amount of frxETH in circulation matches the amount of ETH in the Frax ETH system.
sfrxETH is an ERC-4626 vault designed to accrue the staking yield of the Frax ETH validators. At any time, frxETH can be exchanged for sfrxETH by depositing it into the sfrxETH vault, which allows users to earn staking yield on their frxETH.
By holding highly liquid stablecoins and Staked Frax Ethereum, BrainDAO provides the IQ token with more stability and protection during bear markets. While BrainDAO’s exposure to blue chip NFTs, the IQ token itself, and other assets allow the token to grow more quickly during bull markets.
This is just the start of BrainDAO’s growth as we plan to further diversify the treasury and bring in new cashflow to BrainDAO.
About IQ
The IQ token powers a knowledge ecosystem including applications such as IQ.wiki, the world's largest cryptocurrency and blockchain encyclopedia. IQ is a DeFi and governance token. The token is governed by BrainDAO which also includes BrainDAO's treasury of digital assets.
#ETH #IQ #BrainDAO #Frax #LSD
Discover the LSD (L7 Finance) Listing on XT.COM
XT.COM, the world’s first socially infused trading platform, is thrilled to announce the listing of LSD(L7 Finance) on its platform in the Innovation zone (Web 3.0). The LSD/USDT trading pair has been available starting from 2024-02-23 at 11:17 (UTC).
About LSD
LSD is a BEP-20 token deployed on the BNB blockchain with a max supply of 210 million tokens. LSD, the native governance token of the L7 Finance platform, symbolizes a paradigm shift in decentralized trading innovation. LSD plays a pivotal role in shaping the dynamics of the L7 ecosystem. In its essence, LSD embodies a multifaceted utility, fostering an ecosystem where users can actively participate, govern, and reap rewards.
The LSD token empowers users by offering a plethora of benefits within the L7 Finance ecosystem. Holders of LSD gain exclusive privileges such as discounted transaction fees on L7 Finance’s perpetual contract trading platform. Moreover, LSD holders enjoy participation in blue-chip project liquidity pool mining, enhancing their exposure to lucrative opportunities within the ecosystem. Additionally, LSD holders are entitled to priority access to airdrop rights and future product launches, ensuring they stay at the forefront of innovation and development.
Beyond its utility as a trading asset, LSD token serves as a catalyst for governance and participation within the L7 Finance ecosystem. LSD holders wield significant influence in major proposal voting rights, enabling them to shape the future direction of the platform. Furthermore, LSD holders with substantial holdings are bestowed with enhanced governance rights, fostering a democratic and inclusive decision-making process. By holding LSD, users become integral stakeholders in the evolution and growth of the L7 ecosystem, driving collective prosperity and innovation.
Albin Warin, CEO of XT.COM, noted the significance of the L7 Finance project and its impact on decentralized finance. In his statement, Warin emphasized, “The inclusion of the LSD token on XT.com underscores our commitment to supporting innovative projects like L7 Finance that are driving the evolution of decentralized finance.” This endorsement reflects XT.com’s recognition of L7 Finance’s pioneering efforts in revolutionizing perpetual contract trading and its broader implications for the DeFi landscape.
About L7 Finance
L7 is a Web3 digital asset management and traffic aggregation platform. It is committed to providing digital asset investments and allocation services to investors worldwide. L7 has also built a comprehensive Web3 financial product ecosystem, leveraging extensive industry resources and a wide network and is actively engaged in project collaborations, community venture investments, and startup incubations for Web3 ecosystem development.
With infrastructure and core products that includes CEX, DEX, crypto cards, farms, and syrup pools, L7 carries out extensive cooperation and investments in over 100 countries and regions globally. Innovation-driven, L7 continuously expands its perspective and strategically develops within the global blockchain ecosystem.
Website: l7.finance
Twitter: twitter.com/L7_Global
Telegram: t.me/L7_Official
Discord: discord.gg/l7official
Medium: medium.com/@L7official
Youtube: youtube.com/@L7_global
About XT.COM
Founded in 2018, XT.COM serves more than 6 million registered users, over 500,000+ monthly active users, 40+ million users in the ecosystem, and an extensive portfolio of more than 800 tokens across 1000+ trading pairs. Since then, XT.COM crypto exchange has expanded its offerings by covering a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. One such addition is crypto futures trading which includes USDT-M Futures and coin-M futures perpetual contracts, as well as copy trading that allows users to copy the trading strategies of top traders in real time with just one click. Additionally, the Futures Grid allows users to automate the buying and selling of futures contracts to make profits.
Website: www.xt.com
Twitter: twitter.com/XTexchange
Telegram: t.me/XTsupport_EN
Contact Details :
L7 Financecontact@l7.finance
XT Exchange
Bella Wei
Email address: Listing@xt.com
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
The post Discover the LSD (L7 Finance) Listing on XT.COM appeared first on Visionary Financial.
About LSD
LSD is a BEP-20 token deployed on the BNB blockchain with a max supply of 210 million tokens. LSD, the native governance token of the L7 Finance platform, symbolizes a paradigm shift in decentralized trading innovation. LSD plays a pivotal role in shaping the dynamics of the L7 ecosystem. In its essence, LSD embodies a multifaceted utility, fostering an ecosystem where users can actively participate, govern, and reap rewards.
The LSD token empowers users by offering a plethora of benefits within the L7 Finance ecosystem. Holders of LSD gain exclusive privileges such as discounted transaction fees on L7 Finance’s perpetual contract trading platform. Moreover, LSD holders enjoy participation in blue-chip project liquidity pool mining, enhancing their exposure to lucrative opportunities within the ecosystem. Additionally, LSD holders are entitled to priority access to airdrop rights and future product launches, ensuring they stay at the forefront of innovation and development.
Beyond its utility as a trading asset, LSD token serves as a catalyst for governance and participation within the L7 Finance ecosystem. LSD holders wield significant influence in major proposal voting rights, enabling them to shape the future direction of the platform. Furthermore, LSD holders with substantial holdings are bestowed with enhanced governance rights, fostering a democratic and inclusive decision-making process. By holding LSD, users become integral stakeholders in the evolution and growth of the L7 ecosystem, driving collective prosperity and innovation.
Albin Warin, CEO of XT.COM, noted the significance of the L7 Finance project and its impact on decentralized finance. In his statement, Warin emphasized, “The inclusion of the LSD token on XT.com underscores our commitment to supporting innovative projects like L7 Finance that are driving the evolution of decentralized finance.” This endorsement reflects XT.com’s recognition of L7 Finance’s pioneering efforts in revolutionizing perpetual contract trading and its broader implications for the DeFi landscape.
About L7 Finance
L7 is a Web3 digital asset management and traffic aggregation platform. It is committed to providing digital asset investments and allocation services to investors worldwide. L7 has also built a comprehensive Web3 financial product ecosystem, leveraging extensive industry resources and a wide network and is actively engaged in project collaborations, community venture investments, and startup incubations for Web3 ecosystem development.
With infrastructure and core products that includes CEX, DEX, crypto cards, farms, and syrup pools, L7 carries out extensive cooperation and investments in over 100 countries and regions globally. Innovation-driven, L7 continuously expands its perspective and strategically develops within the global blockchain ecosystem.
Website: l7.finance
Twitter: twitter.com/L7_Global
Telegram: t.me/L7_Official
Discord: discord.gg/l7official
Medium: medium.com/@L7official
Youtube: youtube.com/@L7_global
About XT.COM
Founded in 2018, XT.COM serves more than 6 million registered users, over 500,000+ monthly active users, 40+ million users in the ecosystem, and an extensive portfolio of more than 800 tokens across 1000+ trading pairs. Since then, XT.COM crypto exchange has expanded its offerings by covering a rich variety of trading categories to provide a secure, trusted, and intuitive trading experience for its large user base. One such addition is crypto futures trading which includes USDT-M Futures and coin-M futures perpetual contracts, as well as copy trading that allows users to copy the trading strategies of top traders in real time with just one click. Additionally, the Futures Grid allows users to automate the buying and selling of futures contracts to make profits.
Website: www.xt.com
Twitter: twitter.com/XTexchange
Telegram: t.me/XTsupport_EN
Contact Details :
L7 Financecontact@l7.finance
XT Exchange
Bella Wei
Email address: Listing@xt.com
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
The post Discover the LSD (L7 Finance) Listing on XT.COM appeared first on Visionary Financial.
For all staking enjoyers, sfrxETH APY is currently 5%+ compared to major LSDs like stETH at 3.6% 👀
https://t.co/ilNiotBs9k
https://t.co/ilNiotBs9k