DeFI News by Thebittimes.Com

In an era where decentralized finance (DeFi) is rapidly evolving, the quest for efficient, seamless liquidity across various blockchain networks has become a top priority for traders, developers, and ecosystem participants alike. Vertex Edge steps onto the scene as a pioneering solution, poised to transform the landscape of cross-chain trading with its innovative Synchronous Orderbook Liquidity layer. This article delves deeper into the intricacies of Vertex Edge, highlighting its advantages for base layer networks, and how it aligns with the Ethereum Virtual Machine (EVM) protocols to offer a unified, efficient trading environment. Introduction to Vertex Edge: A Leap in DeFi Liquidity Management Vertex Edge emerges as a significant advancement in DeFi, introducing a synchronous orderbook model that integrates liquidity across multiple blockchains. This model not only enhances market depth and reduces slippage but also offers consistent lending and borrowing opportunities alongside spo...

BarnBridge DAO, founders to settle SEC charges for $1.7M over unregistered SMART Yield bonds. SEC alleges failure to register crypto asset securities, cites violation of securities laws. Gurbir Grewal emphasizes blockchain compliance, highlighting the universal application of securities laws. Decentralized finance (DeFi) protocol BarnBridge DAO and its founders, Tyler Ward and Troy Murray, are set to pay over $1.7 million to settle charges brought by the Securities and Exchange Commission (SEC). The charges against BarnBridge were related to the failure to register the offer and sale of their structured crypto asset SEC urities known as SMART Yield bonds. The SEC alleged that the DAO and its founders marketed these bonds without proper registration, a violation of SEC urities laws. BarnBridge DAO’s $1.7M settlement BarnBridge DAO, a player in the evolving DeFi space, has agreed to a settlement exceeding $1.7 million with the SEC. The settlement incl...

Ondo Finance integrates with Injective, bridged USDY is now available on Injective . Injective Presents US Treasuries-Backed Yield for Web3 Finance Applications Injective , a high-speed blockchain platform for Web3 finance applications, has recently announced the integration of US Treasuries-backed yield. This new feature is made possible by bridging Ondo’s US Dollar Yield (USDY) token, which enables users of both Injective and the wider cosmos ecosystem to hold dollar-denominated value and earn an impressive yield at the same time. “Ondo is rapidly redefining the real-world asset market, and for the first time in history users will be able to access tokenized treasuries directly across Injective native dApps. This integration signifies a key milestone in making traditional financial instruments accessible within the DeFi ecosystem. Injective is continuing to pave the way towards truly connecting traditional finance with the blockchain world.”— Eric Chen, co-founder an...

Umbrella and MultiversX partnership is  a new chapter in the metaverse. This strategic alliance represents a significant milestone in our journey, aligning seamlessly with their new business strategy. A Transformation Story: The Evolution of Elrond to MultiversX Since its inception in 2017, Elrond has undergone a remarkable transformation, redefining its identity and mission. As of 2022, the project has rebranded itself as MultiversX with a renewed focus on delivering a highly scalable, secure, and decentralized blockchain network dedicated to enabling new applications, with a particular emphasis on the metaverse. Pioneering the Provision of Third-Party Oracle Services in the MultiversX Ecosystem Umbrella Network is thrilled to be the first third-party oracle provider in the MultiversX ecosystem. Its role in enabling dApps to effortlessly access real-world data on-chain and bridge the gap between the blockchain and external information sources is crucial. The Umbrella Network’s mi...

Injective collaborates with Klaytn, Korea’s leading layer 1 blockchain. This integration will allow native assets from both Klaytn and Injective to be seamlessly utilized for various cross-chain initiatives, creating a far more composable ecosystem for these two communities. With this new connection, assets such as KLAY and INJ can now be transferred and used across dApps built on either network. In turn, this can help to create more use cases and utility for both blockchains moving forward. Klaytn is a public blockchain developed by a leading South Korean internet company, Kakao. Currently, the Kakao super app boasts over 50 million users which comprises nearly the entire population of Korea—giving virtually every South Korean access to Klip, the app’s embedded Klaytn wallet. The platform utilizes an optimized version of the BFT consensus algorithm to deliver near-instant transaction confirmation, with a 1-second block time and immediate, absolute finality. Coupled with low gas f...

Oryx aimed at bringing value to decentralized finance and real-world web3 adaptation, Oryx creates or provides a permission-less suite of decentralized applications and services. These open source services, applications, and integrations, bound to availability across multi chains: Ethereum, Binance smart chain, and Polygon with extensive options. Oryx dApplication suite, develop with the objective to provide utilities for Defi communities; on-the-go services, portfolio management tools, as well as Defi security services. ORYX Application and Services Features Fully decentralized: Permission-less, trust-less protocols leveraging blockchain technology with no center of ownership giving users full operational rights and no ownership limitations Web3 innovation: The ORYX application will function as Web3, allowing users to communicate directly with smart contracts in a fully decentralized approach. Value: Token economics balance will ensure users of sustainable increase value, f...

The grant will be used to introduce no-code development tools and on-chain reputation identity infrastructure on GateChain. It is to ensure a streamlined and secure experience for users of the GateChain ecosystem. Likewise also helps project owners reduce costs and increase efficiencies by promoting a faster go-to-market approach. The grant will also fund marketing that will encourage users to use xHashtag dApp on GateChain. The no-code web3 development tools slated to be deployed include Liquid Staking Vault Creator. It requires no coding skills from the user’s end and can be used to create a liquid staking vault for any new or existing ERC-20 token. It also allows project owners to create and manage their token’s microeconomy using advanced token lockup strategies. Furthermore, xHashtag’s on-chain reputation identity infrastructure introduces trust in a trustless environment by enabling Sybil resistance in DAO voting. It allows projects to select, vet, and allocate incentivizati...

Celer-bridged token addresses on Kava EVM Co-Chain: USDC – 0x23367BEA9B6931690960d8c59f6e708630f24E58 USDT – 0xfB1af1baFE108906C0f1f3B36D15919B95ee95BD WETH – 0x9591865D9d4BBD3b5FA8a8E2400fD530D1a16191 DAI – 0x49f2c0add1A345F4c76831c1AA3884fc523Ca5FE WBTC – 0xaEa7D9Bc694a92ad0EFFfF0F30B700F7c4B23ba6 The Kava Network is a lightning-fast Layer-1 blockchain featuring a unique co -chain architecture that combines the speed and interoperability of the Cosmos SDK with the flexibility and developer support of the Ethereum Virtual Machine (EVM), all powered by the ultra-fast Tendermint consensus engine. Kava chose to build using the Cosmos SDK because it was clear that the Ethereum architecture was not going to support a decentralized future at scale. The Cosmos SDK enabled much better scalability and unlocked access to a growing ecosystem of blockchains and applications. Kava continues to evolve into a more open, scalable, and optimized Layer-1 blockchain for Web3 developers to bui...

Apexaverse built on Cardano Blockchain is one of the most efficient ways of bringing together game catalog with multiple p2e and pvp games, launchpad, token with staking capabilities, NFTs and 3d metaverse. Apexaverse |Start your metaverse journey on cardano blockchain The intersection of the Metaverse, web 3.0 and NFTs on Cardano Blockchain. In Palmare, each user profile is a token itself. Users create a profile on the app, for which they will mint an ID’d profile NFT. This NFT controls the profile, and thus, its owner becomes the controller of the given profile. Their app will provide social graph and earning Features for Crypto fans and Non-crypto Users. They focus on three types of Earning: Train to Earn each sport you participate in can help you earn by burning calories (for riding a bike or any of your favorite sports) Engage to Earn users contribute content to the sports community and earn back from social engagement (include like, share, follow…) Check in to Earn ...

It is providing users with stronger assurances that collateralization ratios, liquidations, and fees are calculated using accurate price data. However, Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. Therefore, Angle Protocol aims to create a sustainable money layer for blockchains. We are currently issuing agEUR, a Euro-based stablecoin. Their borrowing module helps expand the protocol as it creates another minting mechanism for Angle stablecoins. Specifically, the borrowing function uses a debt-based mechanism similar to the model used by MakerDAO to mint DAI. Users can simply deposit ETH, wBTC, or other collateral onto the platform. Also, can borrow agEUR in a cheap and capital-efficient manner. In the future, they also plan to integrat...

With decentralized market data from the industry-leading decentralized oracle network, users have stronger assurances that leveraged positions will be fairly liquidating. It’s using highly accurate price data and that the protocol will remain fully collateralized at all times. Tulip Protocol takes advantage of Solana’s high-throughput and low-cost blockchain, enabling users to more frequently reinvest their yield and compound their assets without incurring excessive gas fees. With Chainlink oracles natively integrated on Solana, they can seamlessly access the most widely used oracles in blockchain to help provide users with advanced, secure, and reliable yield aggregation. Tulip Protocol connects lenders who earn a yield on deposits with borrowers who want to access leverage . Users that open leverage positions must maintain a predetermined loan-to-value (LTV) ratio. They check with asset price data supplied by Chainlink Price Feeds. Accurate LTV ratios are a critical function in...

The updated dForce Trade version 1 (V1) aims to create a better trading experience by aggregating liquidity across different DEXes. Using different market depths within the same protocol. Furthermore, users can instantly swap ANY token for ANY token supports by DEXes. The dForce Trade will split the order amongst different platforms. Using an API containing an efficient routing algorithm, which finds the best possible paths in the shortest possible time. In the to-be-launched dForce Trade version 2 (V2), dForce aim to develop it into a cross-chain liquidity aggregation protocol. Facilitate a seamless flow of liquidity across different blockchains, which will further power a thriving multi-chain ecosystem for dForce. Users are able to edit slippage percentage and gas fees to adjust the processing time for the transaction. Users do not get charges any fees to swap tokens through dForce Trade. The goal of dForce Trade is to help users find the most cost-efficient way to exchange al...

Individual NFTs represent players on a ‘board’ where they can move around to earn rewards , join guilds, engage other players in battle (PvP), join guilds, and participate in boss raids and guild wars on a grand scale. Monopolon also has virtual land and infrastructure that players can purchase to build up equity and secure their place in the metaverse. Monopolon Token MLON allows players to purchase NFT characters within the game, and to participate in Monopolon’s DAO governance process. MGM allows players to purchase items in-game that have a wide array of utilities. Diviner Launchpad will create gamified utility for project tokens by adding their token to the prediction staking pool, thus their users can stake the token to earn prediction rewards and tickets used in the mini-games. In addition, Projects can get gamified marketing services with no fees, and all of their airdrop tokens will be distributed to the most active gamers. In this way, Diviner Launchpad not only can brin...

The round follows Sender’s April 2022 seed round of financing led by  Binance Labs and Metaweb Ventures . With this new round of financing, Sender plans to further expand its R&D team, raise the security threshold for Sender Wallet, and expand its wallet ecosystem . In addition, Sender has achieved rapid growth and completed integration with more than 30 mainstream projects in the NEAR ecosystem. The cumulative downloads of the plug-in and mobile versions have exceeded 500,000. Furthermore, making it the leading third -party wallet in the NEAR ecosystem. It also has built-in functions such as Staking, Swap, NFT showcase, and more. Furthermore, Sender is now capable of connecting to two hardware wallets, Ledger and Keystone. It also integrates with three well-known fiat-to-cryptocurrency service providers. These are  Moonpay, Banxa, and Transak, allowing users to purchase cryptocurrency in more than 140 countries. In the future, Sender’s plans include: Aggregation of liquidit...

JPEG’d — a novel protocol bridging the gap between DeFi and NFTs — is secured by Chainlink NFT Floor Pricing Feeds on Ethereum mainnet. By leveraging floor price feeds across a number of “blue-chip” NFT collections such as Cryptopunks and Bored Ape Yacht Club, JPEG’d enables users to take out loans using their NFTs as collateral. Chainlink NFT Floor Pricing Feeds help provide users with stronger assurances that loan amounts and liquidations will be determined according to highly secure and accurate NFT floor price data. JPEG’d is a lending platform that accepts NFTs as collateral for Collateralized Debt Positions (CDP). Similar to MakerDAO, when users deposit NFTs they mint either pETH (synthetic ETH) or pUSD( synthetic dollar). JPEG’d Integrates Chainlink, pETH and pUSD holders can deposit these tokens on Curve Finance to earn yield, or they can simply swap them for ETH. This unlocks the capital in NFTs with users still retaining ownership of them. JPEG’d Integrates Chainlink The prot...

SPACE ID and SEI Network collaboration has been announced. Sei, is the fastest Layer 1 blockchain for exchanges, whereas SPACE ID, is a blockchain-based platform that enables the creation and management of virtual spaces.  The collaboration between these two innovative protocols is set to bring numerous benefits to users in the blockchain and web3 communities. Sei has quickly gained attention as the fastest L1 blockchain for exchanges, boasting a time-to-finality of just 500ms thanks to its Twin Turbo Consensus mechanism, native order matching engine, market-based parallelization, and more. This makes Sei an ideal platform for traders and investors looking for speedy and efficient transactions. Meanwhile, SPACE ID’s platform allows users to create, customize, and manage virtual spaces that can be used for a variety of purposes, from gaming and socializing to education and business. SEI Network x SPACE ID The partnership between Sei and SPACE ID is a natural fit. It allows users to easi...

Rigel collaborates with XPLUS to expand its token utilities and provide more market opportunities for its products. XPLUS aims to guide web2 users to the web3 world seamlessly. The XPLUS BETA Phase one had more than 10k active user registrations within one month of its launch. Recently Rigel Protocol is focusing on developing more B2B models like X-Drop, a campaign incentive platform that is in the testing stage. X-Planet provides various business solutions. They’re like traffic aggregators for web3 projects. X-Wallet has been launched on IOS, it supports cross-chain crypto assets swap, and there’ll be more discounts when creating X-Drop campaigns by using it. XPLUS not only wants to attract web2 users to web3 but also hopes to provide marketing help for other projects. More Information About XPLUS XPLUS’s evolutionary ecosystem plays an important role in creating lasting social change. XPLUS believes socializing is essential in everyone’s daily life, and therefore, there is...

Axelar $60M Ecosystem Funding has been launched to support early projects who can lead Web3. As an infrastructure project providing secure interchain communication, Axelar sees some of the most innovative and compelling projects in Web3. Developers building on Axelar commits to delivering products that can reach mass adoption, without requiring users to switch between blockchains. Furthermore, developers building on Axelar is excited about the permissionless composability afforded in interchain development. They know that it means they can collaborate globally, using open-source code and decentralized networks, circumventing interminable business development cycles, and using each others’ code like LEGOs. Decentralized Infrastructure Developers building on Axelar demand decentralized infrastructure. They’re not willing to have their networks permissioned, potentially held hostage, or hacked through multisigs. They have the vision and the ability to build applications that convey the gu...

Archethic Mainnet launching will be live on 10th December 2022. This date marks the start of a new era, “The Internet of Trust.”Empowering humanity over data ownership, decentralized apps over the old internet, and energy-efficient solutions over extravagant carbon emissions. The first transaction in history will be a smart-contract upgrading the “Human Rights Declaration” into the omnipresent digital realm. Guided by the DAO (decentralized autonomous organization) and implemented through miners’ validation process, trust won’t be a matter of interpretation anymore but a mathematical safe haven. The Internet has introduced the world to an infinite amount of data duplication. It did revolutionize the way humans communicate with each other but only one thing was missing … trust. That is the reason millions of digital companies were created to be trusted third parties, resolving the missing link between supply and demand while generating no added economic valu...