Ripple Co-Founder Chris Larsen Leads $10M Investment in Yellow Network to Revolutionize DeFi Trading
In a strategic move to address critical inefficiencies in the decentralized finance (DeFi) sector, Chris Larsen, co-founder of Ripple, has spearheaded a $10 million seed funding round for Yellow Network. The new decentralized clearing network aims to tackle long-standing issues such as liquidity fragmentation, scalability, and capital efficiencyâkey barriers to entry for both retail and institutional investors in the cryptocurrency market.
Yellow Network: A Game-Changer in DeFi Yellow Network, co-founded by Louis Bellet, is building a blockchain-agnostic mesh network designed to aggregate liquidity across multiple chains, reducing slippage and enabling seamless, high-speed trading. By leveraging state channel technology, the network aims to offer near-zero latency in high-frequency trading environments, making it an essential tool for institutional investors and market makers. Larsen expressed his enthusiasm for the project, emphasizing that Yellow Network's decentralized clearing protocol represents a "game-changer" for the DeFi ecosystem. "Yellow Network's ability to deliver fast trade execution and capital efficiency is critical for a growing market that demands speed and reliability," Larsen said in a recent interview. Addressing Liquidity Fragmentation and Scalability Liquidity fragmentation, a persistent issue in the crypto space, has long plagued traders who must move assets across multiple blockchains to execute transactions. This not only increases costs but also complicates the trading process, especially for institutions. Yellow Network is tackling this challenge by connecting brokers and exchanges across various Layer 1 and Layer 2 networks, offering a seamless, cross-chain trading experience. The networkâs Nitro state channel framework plays a pivotal role in reducing latency and enhancing scalability. Nitro integrates with multiple blockchain ecosystems, including custodial APIs, private chains, and sidechains like XRPL, further boosting interoperability and liquidity. Strategic Backers Fuel Growth The $10 million investment led by Larsen is supported by several key players in the blockchain space. Notable backers include Consensys, GSR, NxGen, and Moonrock Capital, along with other prominent investors. These partnerships will be crucial as Yellow Network aims to finalize its open-source protocol and prepare for the upcoming launch of its native $YELLOW token in Q4 2024. The $YELLOW token will play a central role in facilitating transactions within the network, improving capital efficiency, and empowering users to lock liquidity as part of a broader liquidity-locking campaign aimed at driving adoption. The Importance of Decentralized Clearing Decentralized clearing is a critical component in the evolution of crypto trading. By eliminating the need for centralized intermediaries, Yellow Network allows for peer-to-peer settlement of transactions through smart contracts, reducing counterparty risk and increasing transparency. This decentralized approach offers a distinct advantage over traditional financial systems, which often rely on regulated clearinghouses that can introduce delays and inefficiencies. However, while decentralized clearing brings many benefits, it also presents challenges, particularly in balancing security and consumer protectionsâsomething centralized systems traditionally offer more robustly. Yellow Network aims to strike this balance by ensuring privacy and efficiency while maintaining secure, scalable solutions for its users. Looking Forward: The Future of Yellow Network With the $10 million seed funding secured, Yellow Network is well-positioned to continue developing its infrastructure and expanding its reach in the DeFi space. The company's focus on capital efficiency, scalability, and liquidity aggregation makes it a promising contender in the rapidly growing decentralized finance market. As Yellow Network gears up for the Q4 2024 token launch, it remains focused on refining its decentralized clearing protocol, improving cross-chain trading, and attracting both institutional and retail investors. With the backing of industry heavyweights like Chris Larsen and Consensys, the project is set to make waves in the cryptocurrency market, setting new standards for speed, efficiency, and scalability in DeFi trading.
I'm Live with Lorenzo Capone Binance Italy, talking about ZKSYNC, Optimistic and Zero Knowledge Rollups, follow for more <3 direct link: https://www.binance.com/it/live/video?roomId=2154584
đ°FOLLOW FOR MORE CONTENT đ° #ZKSYNC Overview/Landscape, ITS ONE OF THE MOST IMPORTANT PROJECTS to keep in MIND. LISTEN HERE: Today #Binance has completed the integration of ETH on ZKSYNC ERA for Deposits and Withdrawals.
-Deposit of Ethereum (ETH) on the zkSync Era network will take 24 hours to be credited to usersâ Binance accounts due to zkSync Era FINALITY mechanics.
-Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
BINANCE OFFICIAL LINK: https://www.binance.com/en/support/announcement/binance-completes-integration-of-ethereum-eth-on-zksync-era-network-opens-deposits-and-withdrawals-ee1c87b20f2248618446bf21d72556ed
New #BINANCE Launchpool EXPLAINED: follow me âĄïž FARM for 30 days
Farming Period: 2023-08-02 00:00 (UTC) to 2023-08-31 23:59 (UTC)
Stake your BNB, TUSD or/and FDUSD in the launchpad section: https://launchpad.binance.com/en/launchpool/SEI_BNB
Official Announcement: https://www.binance.com/en/support/announcement/introducing-sei-sei-on-binance-launchpool-farm-sei-by-staking-bnb-tusd-and-fdusd-b1d3b4df9cb34f679783a4fdb891f643
But the next BULLRUN will be the craziest think you have ever seen. Wall Street will buy SPOT BITCOIN. Hyper cycle coming #bitcoin #ETH #blackrock $BTC $ETH $BNB source https://www.cnbc.com/2023/07/14/blackrock-has-a-responsibility-to-democratize-investing-including-in-crypto-larry-fink-says.html
đ° ONLY 80 NFTS đ° available, SuperRare CR7. If you are lucky and win a ticket, you would need to pay 200USDT. We can try to buy max 12 tickets per user. (wish you good luck my friend). in 18 hours you can start subscription âïž
Participation Tickets give you a chance to purchase NFT in the sale. You can choose to subscribe some or all of your available Participation Tickets during the Subscription phase. The more tickets you subscribe, the higher the probability of your tickets getting selected. Please note that this does not guarantee you can successfully purchase an NFT from the sale.
Link FAQ: https://www.binance.com/en/nft/staking/cr7superrare?ref=FOREVERCR7
đ° #Binance Launchpool đ° We will be able to stake our BNB and TUSD into separate pools to farm MAV tokens over 25 days, with farming starting from 2023-06-14 00:00 (UTC). Stake BNB : 24,000,000 MAV in rewards (80%). Stake TUSD 6,000,000 MAV in rewards (20%)Â
Farming Period: 2023-06-14 00:00 (UTC) to 2023-07-08 23:59 (UTC)
Snapshots of user balances and total pool balances will be taken each hour to calculate user rewards, which will also be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
All the informations are here: https://www.binance.com/en/support/announcement/introducing-maverick-protocol-mav-on-binance-launchpool-farm-mav-by-staking-bnb-and-tusd-a28d005ed545464cbb9a3661c26e6b38
SEC Complaint Aims to Unilaterally Define Crypto Market Structure
We are disappointed that the U.S. Securities and Exchange Commission chose to file a complaint today against Binance seeking, among other remedies, purported emergency relief. From the start, we have actively cooperated with the SECâs investigations and have worked hard to answer their questions and address their concerns. Most recently, we have engaged in extensive good-faith discussions to reach a negotiated settlement to resolve their investigations. But despite our efforts, with its complaint today the SEC abandoned that process and instead chose to act unilaterally and litigate. We are disheartened by that choice.Â
While we take the SECâs allegations seriously, they should not be the subject of an SEC enforcement action, let alone on an emergency basis. We intend to defend our platform vigorously. Unfortunately, the SECâs refusal to productively engage with us is just another example of the Commissionâs misguided and conscious refusal to provide much-needed clarity and guidance to the digital asset industry.
Todayâs action is another in a line of examples where, as with other crypto projects facing similar suits, the Commission has determined to regulate with the blunt weapons of enforcement and litigation rather than the thoughtful, nuanced approach demanded by this dynamic and complex technology. Unilaterally labeling certain tokens and services as securities â even ones over which other U.S. authorities have asserted jurisdiction â only compounds these problems.
Perhaps most surprising, the SECâs actions undermine Americaâs role as a global hub for financial innovation and leadership. Digital asset laws remain largely undeveloped in much of the world, and regulation by enforcement is not the best path forward. An effective regulatory framework demands collaborative, transparent, and thoughtful policy engagement â a path the SEC has abandoned.
And, to be clear: any allegations that user assets on the Binance.US platform have ever been at risk are simply wrong, and there is zero justification for the Staffâs action in light of the ample time the Staff has had to conduct their investigation. All user assets on Binance and Binance affiliate platforms, including Binance.US, are safe and secure, and we will vigorously defend against any allegations to the contrary. Rather, the SECâs actions here appear to be in service of an effort to rush to claim jurisdictional ground from other regulators â and investors do not appear to be the SECâs priority. Because of our size and global name recognition, Binance is an easy target now caught in the middle of a U.S. regulatory tug-of-war.Â
It seems based on these developments that the SECâs goal here was never to protect investors; if that were truly the case, the Staff would have thoughtfully engaged with us on the facts and in our efforts to demonstrate the safety and security of the Binance.US platform. The SECâs real intent here, instead, appears to be to make headlines.Â
We will continue to cooperate with regulators and policymakers in the U.S. and across the globe because that is the right thing to do. And Binance remains committed to productive engagement to ensure the next generation of cryptocurrency regulation fosters innovation while implementing and ensuring important consumer protections. Because Binance is not a U.S. exchange, the SECâs actions are limited in reach. Still, we stand with digital asset market participants in the U.S. in opposition to the SECâs latest overreach, and we are prepared to fight it to the full extent of the law.
We will work alongside industry partners to defend this important technology from misguided lawsuits. And we will maintain our unceasing efforts to deliver a safe and trusted platform for our users that holds true to our core value of furthering the freedom of money.
1. Satoshi (sat) - the smallest unit, named after Bitcoin's creator, representing 0.00000001 BTC. đšâđ»
2. Bit (”BTC) - equivalent to 0.000001 BTC, it's easy to remember and a popular choice. đ
3. Finney (mBTC) - named after the late Hal Finney, it represents 0.001 BTC. đ
4. Millie - an informal term for milli-Bitcoin, equivalent to 0.001 BTC. đĄ
5. Micro (”BTC) - another name for the Bit, representing 0.000001 BTC. đ
Today, we're thrilled to explore the wonderful world of Bitcoin ordinals with you! Did you know how creative the Bitcoin community can be when it comes to expressing values in Bitcoins?
Have you ever created a đ° SPOT GRID đ° strategy? If you are familiar with GRIDs, Binance created an activity with 8800 USDT in token vouchers. #Binance is launching a Spot Grid Trading Competition for users to show their strategic trading talent and win rewards.Â
Full details sir: https://www.binance.com/en/support/announcement/create-a-spot-grid-strategy-to-share-up-to-8-800-usdt-in-token-vouchers-2023-05-24-073deed2c82a424ca27affe8e4dfbf58
If you never create a SPOT GRID you must study it: https://www.binance.com/en/support/faq/what-is-spot-grid-trading-and-how-does-it-work-d5f441e8ab544a5b98241e00efb3a4ab
đđđđ Celebrate the Bitcoin Pizza Day with Fan Token: Grab a Share of Up to $5,000 Reward Pool! To kick off the festivities for Bitcoin Pizza Day, the anniversary of the first documented Bitcoin purchase in history, Binance Fan Token is presenting an activity for Fan Token enthusiasts, where users can share a Fan Token prize pool of up to $55,000 by sending a slice of pizza to their friends using a special edition Pizza Day themed invitation poster.Â
full annoncement here: https://www.binance.com/en/support/announcement/celebrate-the-bitcoin-pizza-day-with-fan-token-grab-a-share-of-up-to-5-000-reward-pool-949d453107cc4306a18446e8ff107e3d
â Join the Bitcoin Pizza Day Scavenger Hunt: Share 5,000,000 Satoshis & $3,000 in BTC Gift Cards đđđđđđđđđđ I wish you good luck my friend #Binance â€ïž follow me for more content like this đ
Join the Binance English Telegram group and the official Binance Discord server to celebrate this significant milestone in cryptocurrency history with the rest of the community!
Activity Period: 2023-05-22 09:00 (UTC) to 2023-05-26 23:59 (UTC)
link to the PROMOTION: https://www.binance.com/en/support/announcement/join-the-bitcoin-pizza-day-scavenger-hunt-share-5-000-000-satoshis-3-000-in-btc-gift-cards-0c37116e7f73432684479014c78cfc62