The TerraUSD stablecoin’s blockchain and the associated Luna token have was stopped processing new transactions has now restarted
The world of structured products is set to undergo tremendous changes. Decentralizing these investment vehicles introduces modularity that would otherwise remain inaccessible. Struct Finance has secured $3.9 million in seed funding to usher in the era of decentralized structured products. Takes A Different Approach It is no secret that decentralized finance remains one of the most appealing concepts of blockchain and cryptocurrency today. The industry has grown from small beginnings and now represents over $220 billion in Total Value Locked. Users are drawn to these protocols, products, and services in search of high yields, composability, and the removal of intermediaries. However, there is a need for ongoing innovation in the space, especially for institutional-grade products. Decentralized structured products may be the next catalyst to fuel broader mainstream DeFi participation. Unlike their traditional counterparts, the products under the Struct Finance banner give users customization options. For example, a user can customize interest rate instruments and compose various options in the ecosystem to create more complex products. In addition, there are numerous investment options, which users can custom-tailor to their risk appetite. Lancer Capital Managing Partner Candice Zhao comments: “Investors and institutions are forever faced with large swings in yields and token prices, or uncertainty and unquantification created by overly complex derivative protocols. Struct Finance is bringing structured financial products to DeFi, providing investors with attractive and simplified stablecoin yields. I am an admirer of their team, and I believe that fixed-income related products will become the first choice for institutional investors.” Core benefits of Struct Finance include: Varying levels of protection. Abstracting risk management and complex pricing. Introducing highly-competitive yield opportunities across supported digital assets. Struct will initially launch on the Avalanche blockchain but will scale into other networks with EVM compatibility to improve asset availability and composability options. Structured Products…
The official blog post by the team behind Cardano’s first ZK Rollup dubbed ‘Orbis’ revealed how the solution will allow the network to tackle those scaling problems Hydra won’t be able to solve.
The post Cardano’s scaling solution based on ZK Rolloups unveiled appeared first on CryptoSlate. …
Onomy Protocol recently announced teaming up with Harmony, adding the highly scalable, low-energy blockchain based on a sharded architecture to a growing list of cross-chain deployments.
The post Onomy’s hybrid DEX and Forex market to deploy on Harmony appeared first on CryptoSlate. Source cryptoslate.com…
Investors, NFT artists, blockchain brightest minds, DeFi experts and DAO representatives will converge to UAE for a week-long event with a full-scale trailblazing digital and physical networking experience. Community leaders will discuss what will define development of blockchain space and the upcoming realm of Metaverses. (Read More) …
Fantom (FTM) ranks fourth among the largest blockchains in decentralised finance (DeFi) by total…
The post Fantom (FTM) is a massively undervalued ‘multi-billion-dollar L1’ project, says analyst appeared first on Coin Journal. …
With the crypto market witnessing one of the most bearish weeks in recent memory, Solana, the much-heralded rival of Ethereum, saw a network outage that lasted for more than 24 hours which led to massive losses for users of the blockchain.
The post Latest Solana outage leave users liquidated appeared first on CryptoSlate. Source cryptoslate.com…
Onomy Protocol recently announced bridging to Polygon–expanding its list of cross-chain deployments. Onomy’s application-specific Layer 1 blockchain, which is built with Cosmos Tendermint, powers a hybrid DEX and Forex marketplace, a stablecoin minting system, and a non-custodial wallet. DeFi’s first DEX that combines AMM liquidity pools with an order book UI The integration will unlock … Read moreOnomy has announced the launch of a new bridge, which will connect its hybrid DEX and Forex markets to Polygon.
DeFi startup Revault and Quantum Economics, a FinTech research, advisory, and money management firm led by Mati Greenspan, revealed they will be partnering up in a joint announcement. Revault Network stepped into the vault scene with a twist–as an aggregator of vault strategies. While indexing vaults in the market, Revault enables users to easily deposit … Read moreDeFi vault aggregator Revault partners up with Quantum Economics
Hashdex, a global crypto-focused asset manager recently announced the approval of the world’s first DeFi exchange traded fund (ETF). The ETF will be listed on the Brazilian stock exchange, B3, under the ticker symbol DEFI11 on February 17th. 12 assets in three sub-portfolios crypto ETFs typically track the price of one or more cryptocurrencies, and … Read moreThe World’s First DeFi ETF Will Be Listed On The Brazilian Stock Exchange.
Decentralized financial reserve protocol OlympusDAO recently announced a collaboration with Balancer Protocol. Olympus, which provides sustainable compounding interest through its community-owned treasury, recently made a move to relocate a portion of its liquidity to one of the leading DeFi protocols. OHM as a liquid asset within the Balancer ecosystem OlympusDAO will deploy $50 million of … Read moreOlympusDAO migrates liquidity to Balancer Protocol following a dramatic OHM whale dump
Bridge Mutual, a DeFi risk coverage application opens up the new year with a major upgrade to its platform. The new Bridge Mutual V2 brings in many competitive features enabling its users to indulge in higher APYs and cheaper coverage. What is Bridge Mutual? Bridge Mutual is a fully decentralized, p2p/p2b discretionary risk coverage platform … Read moreDeFi Risk Coverage Protocol Bridge Mutual Introduces its V2 Upgrade with Cheaper Coverage and Higher APYs
As part of its efforts to achieve its multi-chain goal, Polkastarter has officially announced the integration of Avalanche. Polkastarter integrates Avalanche into its platform The move to integrate Avalanche commenced following the success recorded by the last integration exercise by the company. The exercise led to the addition of Celo into its network. This new … Read moreAfter Celo’s success, Polkastarter integrates Avalanche
A consortium of U.S. banks or “an association of FDIC-insured financial institutions” including New York Community Bank (NYCB), NBH Bank, FirstBank, Sterling National Bank, and Synovus Bank is set to launch a “bank-minted” stablecoin with the ticker USDF. According to a press release published on Wednesday 12th of January, the coalition of banks is aiming … Read moreConsortium of U.S. banks looking to launch bank-issued stablecoin
Ethereum has been facing high competition from blockchains believed to be more scalable and less expensive. While many analysts have speculated that Ethereum will soon lose its dominance to these upcoming networks, the CIO of Pantera Capital, Joey Krug, has expressed optimism that Ethereum will be the future of the global financial sector. Krug noted … Read morePantera Capital’s CIO says the Ethereum network will continue to dominate
Ethereum is undoubtedly the leading blockchain in DeFi, but this could be about to change as analysts at JPMorgan have noted that the dominance of the asset in the space could already be fading. According to the analysts, the rise of smart contract-enabled protocols like Terra, Avalanche, and Solana have shown that the lead of … Read moreHere is why Ethereum’s dominance in DeFi is falling
In most climes, the arrival of a new year is an opportunity to make projections for what the future holds. Already, some crypto enthusiasts and analysts have already begun making different predictions for what they believe the future holds for the digital asset industry. However, rather than making new predictions, Ethereum’s co-founder Vitalik Buterin is … Read moreVitalik Buterin foresaw stablecoin and defi growth, omits NFT
In an episode of the “All-in-podcast” released Wednesday, Billionaire investor and former Facebook executive Chamath Palihapitiya expressed some very bold views and predictions on payment companies Visa and MasterCard. In essence, Palihapitiya predicts the downfall of both businesses during 2022 because of competition from Web3- and crypto-based payment projects. “My biggest business loser for 2022 … Read moreChamath Palihapitiya: Visa and MasterCard biggest business losers for 2022
Cronos is a new chain whose TVL reached $1.5 billion on December 13th, just one month since its Nov. 8 mainnet beta launch. Cronos isn’t any new crypto project—it’s crypto.com’s solution to provide decentralized applications to its 10 million users and beyond, substantially growing the DeFi and DApp ecosystem. Built on the Cosmos SDK, developers … Read moreHow Cronos gained $1 billion+ TVL in a month
On Dec. 16, Kava held a testnet event for Kava 9, which will test the carrying capacity of the new main network. Since the Kava first previewed the mainnet upgrade a month ago, many have been holding their breath to see how it would affect the price of KAVA, as previous testnet events caused its … Read moreWill Kava turn the corner after the Kava 9 upgrade?
According to IDC’s “Global Enterprise Infrastructure Quarterly Tracker: Buyer and Cloud Deployment” report, the global cloud storage market is expected to reach more than $100 billion in size between 2020 and 2025. While centralized cloud storage solutions are the mainstream cloud storage technology, they have plenty of drawbacks. Frequent data leaks, server failures, centralized operational … Read moreWill decentralized storage protocols overtake the cloud storage market?
Ethereum‘s largest staking platform, Lido, recently announced adopting stETH/USD Chainlink Price Feed. stETH is the platform’s tokenized form of staked Ethereum, that combines the value of the staked deposit with staking rewards. The next wave of integrations for Lido’s staked asset “Lido is excited to announce that we are now sponsoring the first in a … Read moreEthereum-based liquid staking solution Lido announces the integration of Chainlink Price Feeds