Connect with us

Blockchain

Algorand DeFi app Yieldy reports $8 million TVL in first 48 hours

Yieldly.Finance, the first DeFi platform built on the Algorand blockchain, today revealed that $8 million USD in ALGO has already been staked — placing Yieldy within the top 40 DeFi protocols by yield TVL in under 2 days post-launch. The milestone comes ahead of its June 17th cross-chain launch when users of the wider DeFi […]

The post Algorand DeFi app Yieldy reports $8 million TVL in first 48 hours appeared first on CryptoNinjas.

Published

on

Yieldly.Finance, the first DeFi platform built on the Algorand blockchain, today revealed that $8 million USD in ALGO has already been staked — placing Yieldy within the top 40 DeFi protocols by yield TVL in under 2 days post-launch. The milestone comes ahead of its June 17th cross-chain launch when users of the wider DeFi ecosystem can participate in Yieldy’s no-loss lottery and liquidity pools.

As well as launching their suite of recently audited non-custodial smart contracts on Algorand, and building out cross-chain capabilities with Binance Smart Chain (BSC), Polygon, and ERC20-based DeFi protocols, Yieldly has launched a No-loss Lottery (NLL) for ALGO holders as their initial use case. Algorand’s first No-loss Lottery product gives users the chance to be rewarded with a share of the cumulated ALGO & YLDY rewards.

Launched on June 5th, the No-loss Lottery product has already seen partners pledging between $250K and $2mill ALGOs, with the lottery open until June 11th, 2021. The total ALGOs staked in the prize pool is set to exceed $10m, and increase exponentially over time. Yieldly committed to matching 100% of the winnings of the first draw, as well as a contribution to an important social good project.

“With nominal fees and fast transaction speeds and energy-efficient design, Algorand is the ideal platform upon which to build a future-proof DeFi solution. The Yieldly No-loss Lottery really has the potential to become a major onboarding platform into DeFi platforms at large. It will only be a matter of time until we see a $1m+ weekly pool prize,” said Founder & CEO of Yieldly, Sebastian Quinn.

Founded in 2020, Yieldly aims to unlock and expand DeFi in the Algorand ecosystem. Bootstrapped by the Algorand Asia Accelerator in 2020, the Yieldly team recognized that immense opportunities existed to give users the same utility and access to liquidity that other protocols have.

Yieldly is backed by various venture funds, including Borderless Capital, Longhash Capital, and CMS Holdings, with additional support from Neo Global Capital, Kosmos Capital, LD Capital, YBB Foundation, OKEx Block Dream Ventures, Kyros Ventures, Everblu Capital, Kernel Ventures, and IBMR.io.

Last month, Yieldly launched its Initial Direct Offering (IDO). Within the space of an hour, the IDO became oversubscribed by more than 5 times the anticipated volume. In that time, $850,000 in YLDY tokens were sold — with over $4 million pledged from approximately 5,000 participants.

Audit

In preparation for the June 17th, 2021 launch date — when Yieldly’s DeFi liquidity pools open to the wider public — Yieldly successfully concluded a hacker-resistant smart contract and blockchain audit by Halborn. Halborn is a cybersecurity firm that has performed rigorous audits for some of the industry’s most established blockchain businesses, including Coinbase, BlockFi, Stellar, and Avalanche.

The audit is especially significant in the wake of an increasing number of “rug pulls”, exit scams, and BSC-based DeFi exploits,  primarily originating from unaudited, or improperly audited protocol smart contracts.

“To reward early partners and community members, we have also launched our ground-breaking ASA staking and rewards product early. YLDY holders can stake their YDLY tokens and earn the largest rewards for ASAs in the market. Initial calculations put this conservatively at 28% APY,” stated Quinn.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoninjas.net/2021/06/07/algorand-defi-app-yieldy-finance-reports-8-million-tvl-in-first-48-hours/

Blockchain

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

[PRESS RELEASE – Please Read Disclaimer] Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021. With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can […]

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021.

With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can rest assured that the assets or tokens that are purchased via aggregated trading are all real assets that are in full reserves.

Aggregate trading makes it easy for growing platforms such as Wisebitcoin to quickly provide users with access to new and popular crypto tokens and assets.

The local and external order matching mechanisms used in Wisebitcoin’s aggregate trading system provide transaction speeds and user experiences that are similar to those seen when placing orders for other trading pairs on Wisebitcoin.

To meet the deposit and withdrawal requirements of users, Wisebitcoin will evaluate the volume of its aggregate trading tokens to determine whether to dock with project wallets that contain a large number of tokens or assets.

By providing liquidity, fast transactions, low fees, and a clean, intuitive UI to traders, Wisebitcoin makes it easy to invest in the crypto space and to trade popular, high market cap tokens and assets. By adding aggregate trading for STORJ to the platform, Wisebitcoin opens the doors to investment in one of the most popular decentralized file sharing and storage projects seen in the last few years.

About STORJ

Storj delivers secure, private, reliable, affordable, and decentralized cloud object storage for developers. Storj’s Decentralized Cloud Storage (DCS) files are encrypted, broken into pieces, and then distributed across a global cloud network instead of being stored on a single, centralized server. This makes data breaches impossible, and default encryption comes standard for all files. A decentralized network of Storage Nodes also makes data always available when it is needed, and open-source, full-stack compatibility makes it easy to build on the network.

You can learn more about the project here and you can read the project whitepaper here.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/wisebitcoin-opens-aggregate-trading-for-storj-against-usdt/

Continue Reading

Blockchain

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

[PRESS RELEASE – Please Read Disclaimer] Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021. With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can […]

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021.

With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can rest assured that the assets or tokens that are purchased via aggregated trading are all real assets that are in full reserves.

Aggregate trading makes it easy for growing platforms such as Wisebitcoin to quickly provide users with access to new and popular crypto tokens and assets.

The local and external order matching mechanisms used in Wisebitcoin’s aggregate trading system provide transaction speeds and user experiences that are similar to those seen when placing orders for other trading pairs on Wisebitcoin.

To meet the deposit and withdrawal requirements of users, Wisebitcoin will evaluate the volume of its aggregate trading tokens to determine whether to dock with project wallets that contain a large number of tokens or assets.

By providing liquidity, fast transactions, low fees, and a clean, intuitive UI to traders, Wisebitcoin makes it easy to invest in the crypto space and to trade popular, high market cap tokens and assets. By adding aggregate trading for STORJ to the platform, Wisebitcoin opens the doors to investment in one of the most popular decentralized file sharing and storage projects seen in the last few years.

About STORJ

Storj delivers secure, private, reliable, affordable, and decentralized cloud object storage for developers. Storj’s Decentralized Cloud Storage (DCS) files are encrypted, broken into pieces, and then distributed across a global cloud network instead of being stored on a single, centralized server. This makes data breaches impossible, and default encryption comes standard for all files. A decentralized network of Storage Nodes also makes data always available when it is needed, and open-source, full-stack compatibility makes it easy to build on the network.

You can learn more about the project here and you can read the project whitepaper here.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/wisebitcoin-opens-aggregate-trading-for-storj-against-usdt/

Continue Reading

Blockchain

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

[PRESS RELEASE – Please Read Disclaimer] Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021. With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can […]

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Wisebitcoin listed the STORJ/USDT aggregate trading pair on June 3, 2021.

With aggregated trading, instead of supporting deposits and withdrawals, Wisebitcoin uses an aggregate trading system that automatically takes buy and sell orders from its own users and places those orders on other exchanges. In this way, users can rest assured that the assets or tokens that are purchased via aggregated trading are all real assets that are in full reserves.

Aggregate trading makes it easy for growing platforms such as Wisebitcoin to quickly provide users with access to new and popular crypto tokens and assets.

The local and external order matching mechanisms used in Wisebitcoin’s aggregate trading system provide transaction speeds and user experiences that are similar to those seen when placing orders for other trading pairs on Wisebitcoin.

To meet the deposit and withdrawal requirements of users, Wisebitcoin will evaluate the volume of its aggregate trading tokens to determine whether to dock with project wallets that contain a large number of tokens or assets.

By providing liquidity, fast transactions, low fees, and a clean, intuitive UI to traders, Wisebitcoin makes it easy to invest in the crypto space and to trade popular, high market cap tokens and assets. By adding aggregate trading for STORJ to the platform, Wisebitcoin opens the doors to investment in one of the most popular decentralized file sharing and storage projects seen in the last few years.

About STORJ

Storj delivers secure, private, reliable, affordable, and decentralized cloud object storage for developers. Storj’s Decentralized Cloud Storage (DCS) files are encrypted, broken into pieces, and then distributed across a global cloud network instead of being stored on a single, centralized server. This makes data breaches impossible, and default encryption comes standard for all files. A decentralized network of Storage Nodes also makes data always available when it is needed, and open-source, full-stack compatibility makes it easy to build on the network.

You can learn more about the project here and you can read the project whitepaper here.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/wisebitcoin-opens-aggregate-trading-for-storj-against-usdt/

Continue Reading

Blockchain

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Barstool Sports founder Dave Portnoy said he disagrees with Donald Trump and that bitcoin’s not a scam.

Published

on

The CEO and founder of Barstool Sports – Dave Portnoy – admitted that at the beginning, he thought Bitcoin was a ”Ponzi scheme.” Eventually, he changed his stance and even opposed Donald Trump, who called the primary cryptocurrency a ”scam.”

Trump Is Wrong

In a recent interview for ”Varney & Co,” the founder of Barstool Sports – Dave Portnoy – shared his current view on bitcoin and the crypto market. He revealed that years ago, when the primary digital asset was introduced, it looked like a ”Ponzi scheme” to him, but later he started realizing its merit:

”I thought when Bitcoin was first introduced and for a long time that it was a Ponzi scheme. I’ve come around on it. It’s too widely accepted, there are too many people using it, too many big people believe in it, too many stores accepting it. There’s liquidity. You can get in and out of it easily.”

Recently, the ex-US president Donald Trump said Bitcoin looks like a scam and backed up the dollar as the ”world’s currency.” Portnoy opposed Trump even though he also had his doubts about the asset in its first years :

”I don’t know what it started as, but I certainly wouldn’t say it’s a scam now.”

Later on, the founder of Barstool Sports commented on the recent decline of the crypto market. He raised hopes that soon enough, digital assets will increase their fiat currency value. In his opinion, investors should be patient with them and hold on ”for the long game:.”

”Crypto isn’t going anywhere but it’s hard to brag about how great everything is going when you are down 50%.”

Portnoy’s Change of Heart

In September 2020, Portnoy pointed out that bitcoin lacks accountability due to the anonymity of Satoshi Nakamoto. As a result, if investors end up losing money or being scammed, they would prefer to know who’s the person behind the entire operation. He went even further, calling it ”one big Ponzi scheme.”


ADVERTISEMENT

It is worth mentioning that at some point, Dave Portnoy invested in the primary digital asset. He tweeted about a loss of $25,000 and stated that he currently owns zero bitcoins. Additionally, he vowed to interact with the stock market rather than the crypto one:

”I don’t need this. I know how the stock market works. I own the stock market. This Bitcoin – I don’t trust this market at all.”

In any case, it now seems that he has changed his stance on the primary cryptocurrency and he even flat-out said that he was wrong about it.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/dave-portnoy-disasgrees-with-donald-trump-that-bitcoin-is-a-scam/

Continue Reading
AR/VR2 hours ago

Open-World RPG A Township Tale is Coming to Oculus Quest in July

AR/VR2 hours ago

NERF Battles are Coming to Oculus Quest in 2022

AR/VR2 hours ago

NERF Battles are Coming to Oculus Quest in 2022

AR/VR2 hours ago

I Expect You to Die 2 Features Wil Wheaton, Launches This Summer

AR/VR2 hours ago

Exclusive Preview – ‘A Township Tale’ is Bringing Deep Crafting to Quest

AR/VR2 hours ago

MMO-like ‘A Township Tale’ Coming to Oculus Quest on July 15th

Blockchain2 hours ago

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

Blockchain2 hours ago

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

Blockchain2 hours ago

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

Blockchain2 hours ago

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Blockchain2 hours ago

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Blockchain2 hours ago

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Blockchain2 hours ago

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Blockchain2 hours ago

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Blockchain2 hours ago

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Blockchain2 hours ago

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

Blockchain2 hours ago

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

Blockchain2 hours ago

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

Blockchain2 hours ago

Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot

Blockchain2 hours ago

Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot

Blockchain2 hours ago

Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot

nvidia-ceo-huang-ethereum-is-going-to-be-quite-valuable.png
Blockchain2 hours ago

Nvidia CEO Huang: “Ethereum Is Going To Be Quite Valuable”

Blockchain2 hours ago

Wisebitcoin Opens Aggregate Trading For STORJ Against USDT

Blockchain2 hours ago

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Blockchain2 hours ago

Rich Millennials Have a Large Chunk of Their Wealth in Crypto: CNBC Survey

Blockchain2 hours ago

Texas Banks Can Now Provide Bitcoin Custody Services For Clients

Blockchain2 hours ago

Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot

AR/VR2 hours ago

First Footage Released of Pistol Whip’s New Style System

Gaming3 hours ago

Bullet-hell Shooter Demon Throttle Announced By Devolver Digital

Gaming3 hours ago

Devolver Tumble Time Is A Free-to-Play Mobile Game Coming Later This Year

Trending