Shiba Inu (SHIB) joins the lineup of coins now available at BitPay. Buy, store, swap, and spend with this directly in the BitPay app. Download the BitPay app to get started.
In South Florida, most of the properties will either be CBS or wood frame construction but is one type of home construction better than the other? Find out now!
Cryptocurrencies have facilitated the growth of decentralized finance (DeFi). However, not all of these protocols provide choices that are in the best interests of their users.
Blizz Finance capitalized on these flaws and devised a DeFi protocol that outperforms other well-known protocols.
Some facts about Blizz Finance
Blizz Finance is a decentralized non-custodial liquidity protocol that lets people lend or borrow. On its website, contributors may earn passive income while those in need can apply for funding in various ways.
It can exploit the Avalanche network's scalability and cheap cost per operation.
Unlike AAVE, Blizz Finance does not maintain governance systems and operates via central processes. Fees are used for token exchange and profit margins for users and liquidity providers, and are completely transparent.
Token BLZZ: Properties
Blizz Finance's token, BLZZ, emerges as the core of the dynamics inside its ecosystem and gives the idea that makes the DeFi protocol unique compared to other competitors.
That means 1,000,000,000 BLZZ will be created, with 50% of the profits going to the protocol's users, both lenders and borrowers. Unlike AAVE, which capitalizes all profits.
On the distribution of BLZZ, of the 1,000,000,000 units:
50% is destined for lenders and borrowers loan applicants, distributed over a period of five years.
20% earmarked as an incentive for BLZZ /AVAX liquidity providers through TraderJoe. This will also be done over a five-year period.
10% for Airdrop campaigns and incentives to other associated DeFi communities., this for a minimum of one year.
Furthermore, Blizz has already entered DeFi 2.0 by offering a novel liquidity method that outperforms prior DeFi protocols. It's about the protocol's liquidity, which guards against whale investor migration, fixing the present major issue of impermanent loss.
AVAX's treasury incentives are now sent to this new smart contract using the PODL module. This allows users to sell their tokens to the protocol for 10% more. This preserves protocol liquidity and makes BLZZ deflationary.
DeFi protocol fee comparison:
Blizz
AAVE
Fees
Just take the 50%, the other half goes to the users
All 100% goes to AAVE
Premium
25%
0%
Liquidity mining
Users may stake their assets, and the prizes will be disbursed throughout the three months that the funds remain vested. The money is not unavailable, since the user has complete control over them, even if a fine system is employed for 50% of the assets.
This makes no sense since the penalty imposed on customers who need to withdraw their cash will be shared among those who maintain their funds for the specified period. This encourages stakeholder commitment, rewarding those who follow the rules and penalizing those who do not.
It is important to note that everyone who participates in the Staking program with BLZZ can claim their rewards at any time, without any penalty.
The lending system
Finally, the loan system enables users to lend their bitcoin capital to people in need of cash in exchange for a guarantee and agreed-upon interest.
Anyone seeking a loan must pay it back with the same asset plus interest. If you accept the duty, you should be informed that additional interest may accumulate and your guarantee may be liquidated.
Non-compliance with the conditions increases a certain indicator, which at a certain point demands the liquidation of the guarantee to compensate the lender. This seeks to establish fair conditions for all parties without using a third party.
Cutting fees in half
Unlike other DeFi protocols, Blizz Finance and the BLZZ token are fully decentralized, using the Avalanche network's scalability, dependability, and low operating expenses, cutting Fees for market-leading DeFi protocols in half.
For more information about Blizz Finance, the BLZZ token, and the platform's goods and services, please visit their website and social media accounts:
We’ve all heard the rumors; a bear market is coming eventually. Whether it be in 2 months or six months is up for anyone to guess; however, we know it will be here, and you want to be prepared when it does. It’s nothing new in the crypto industry, and those that have been here […]
In this Desktop Central review, we will talk about how this software can change your lives easier. ManageEngine is a company that provides your company...
There is no better way to spend your crypto than exploring the world. BitPay makes it easy to use pay for travel with Bitcoin and crypto. Visit BitPay.com to learn how.
This Contest will run from December 2nd 2021 (12pm CET) to December 7th, 2021 (12pm CET). To participate, follow the steps below, and we’ll randomly select three (3) winners to each win a pack of custom swivels. It could just be you! The prizes: Ledger Contest – get a chance to win a pack of […]
ESET researchers studied all the malicious frameworks ever reported publicly that have been used to attack air-gapped networks and are releasing a side-by-side comparison of their most important TTPs
Mainland Chinese Truck Market Continues to Deteriorate, Supply
Constraints Add to Production Woes
The policy-induced pre-loaded consumption has given mainland
Chinese medium- and heavy-duty truck (MHDT) market a chill since
July, with production cutting by nearly 60% as compared with the
same period of last year. The current supply chain constraints
caused by semi-conductor and power shortages will weigh on
production activities into 2022. In our November 2021 forecast, we
expect the mainland Chinese MHDT production to further loose around
25,000 units for the second half of 2021 and 15,000 units for the
first quarter of the next year.
High inventories of China 5-level trucks remain the biggest
dragger
Owing to the OEMs' price competition, the pre-buy activity in
preparation for the China 6 emission rules were greatly amplified,
resulting in an over-storage of China 5-level trucks across dealer
channels in the first half of 2021. By the end of October,
nationwide MHDT inventories are calculated at 260,000 units, still
way higher than the typical rates of 150,000-170,000 units. Roughly
two thirds of inventories are China 5-level trucks, despite a
closure of registrations in major markets such as Hebei, Shaanxi,
and Shandong. A part of the unsaleable trucks has flowed into the
second-hand market with price depreciating up to 50%. Such price
differential, coupled with common concerns over increasing usage
cost, makes China-6 level trucks even less favorable. Although the
final chance to register a China 5-level truck is set on December
31, 2021 in some regions, the high inventory pressure will likely
deepen into early 2022 before the full clearance of new China
5-level trucks in the market.
Semiconductor shortage gets worse but under control
The global automotive semiconductor shortage has worsened by the
pandemic resurgence in Malaysia and Vietnam since the summer
months. To minimize losses under the tighter resources, some OEMs
have prioritized production to bestselling models or new models
that need to be pushed to the market, while some OEMs have placed
orders of key accounts the first in line. Moreover, there have been
cases of pausing acceptance of advanced orders because of the
uncertainty about final deliveries. As a result, the average lead
time of new trucks in most manufacturers are extended from one week
to above four weeks. The sophisticated premium models that account
for less than 10% market share suffered the most, with production
line rates almost halved for several brands. We expect the
semiconductor supply chain to stay gloomy for the coming months,
but its impacts on the MHDT production should be manageable under
sluggish sales of China 6-level trucks.
Power shortage risk may persist in the medium term
The coal supply disruption stemming from the mainland Chinese
government's energy consumption control has triggered a severe
power crunch across the nation, with more than 20 provinces
experiencing different degrees of load shedding measures since
mid-2021. Except for three northeastern provinces - Liaoning,
Jilin, and Heilongjiang where the residential sector is affected,
most provinces have kept power rationing measures within
energy-intensive industries. Some energy-intensive industries such
as aluminum, electronics, and steel are ordered to curtail capacity
by 20-30% in the second half to meet carbon reduction commitments,
posing more hurdles to automotive supply chain and industrial
freight transport. On one hand, the softening demand for China
6-level trucks has hindered truck makers to pass the inflating
producer cost on to retail prices. On the other hand, the continued
downswing in industrial output will undermine the road freight
recovery. Although the government has fine-tuned policies to ramp
up coal production and reined in coal and power prices, an upturn
is not likely to emerge until the second quarter of 2022 when the
winter heating season ends. Given the government's anti-pollution
ambitions, the supply disruption risks may sustain for quite a
while.
With de-stocking of China 5-level new trucks, we predict MHDT
inventories to rebuild from the third quarter of 2022, supporting
some improvements in production. However, the expected slowing
economy as well as economic reform measures including property
deleveraging, financial de-risking, and industrial decarbonization
will continue to act as a drag from the demand side. The recently
released State Council's guideline on antipollution campaigns which
highlight a nationwide elimination of China 1-3-level trucks by
2025 may bring a turn to the market, while its practical
enforcement and impacts remain uncertain before the issuance of
more specific measures.
Galaxy Digital’s Mike Novogratz thinks that Federal Reserve Chair Jerome Powell could be a threat to crypto’s bull run moving into next year. Speaking to CNBC, the billionaire investors said that “the macro story has changed a little bit,” adding that Powell being reappointed by President Biden could allow him “to act more like a […]
