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Tag: Cross-Chain

The Green DeFi platform Energyfi is about to launched on mainnet

Quick Take

  • Energyfi is designing green and cost-effective Decentralized Finance by providing a comprehensive set of DeFi features on Energy Web, Avax, Near and Bsc, all while accelerating their adoption.
  • Energyfi raised $200,000.00 in a private token sale.
  • The Green DeFi platform Energyfi is about to be launched on mainnet with the release of EnergyPad, it's ILO platform.
    The Green DeFi platform Energyfi is about to launched on mainnet

Decentralized finance in brief

Decentralized Finance (commonly referred to as DeFi) is a blockchain-based form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum.

Introducing Energyfi

Newly, Decentralized Finance faces two major problems: high transaction costs and a huge carbon footprint on the environment due to excessive energy consumption (especially on Ethereum).

Energyfi is addressing these issues by designing a comprehensive set of DeFi features on Energy Web Chain, Avalanche, Near and Binance Smart Chain, which will accelerate their adoption at the same time. Indeed, to move towards mass adoption, a blockchain needs more users, and to have more users, it needs more dApps. In order to foster the emergence of decentralised applications (dApps) and to support developers who wish to build on these networks, a fast and reliable all-in-one platform like Energyfi is crucial. Both a cornerstone and a catalyst, Energyfi aims to lead the industry towards: decentralisation, transparency, environmental awareness and cross-chain interoperability. These core values can be seen in the main features of Energyfi.

Energyfi's Features

The Energyfi platform includes a wide range of features, all designed to enable the adoption of green networks and the emergence of environmentally friendly decentralised finance.

This includes:

  • Launchpad (permissionless fundraising platform)
  • Dex (decentralised exchange platform where you can easily buy and sell your crypto-currencies on the network of your choice)
  • Staking/Farming (savings product)
  • Lending (lend and borrow crypto-currencies.

Energyfi Token (EFI)

EFI token will have multiple use cases such as governance and platform utility. Holding EFI token will also be necessary in order to use some of the Energyfi services. Also, to promote EFI token holders, a frictionless yield and burn mechanism is included.

This will respectively provide a passive income and fight against inflation.

Energyfi raised $200,000 in a private sale and the public sale will be scheduled

The token private sale round was supported by several investors including INBlock ventures, Blu Ocean capital and whitelisted private investors.

$200,000.00 were raised during the private sale and a public sale will be organised in the near future on EnergyPad, the Energyfi launchpad.


Website: https://www.energyfi.io

Telegram: https://t.me/Energyfi_official

VC money bets on crypto

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DegenSwap.io Raises $3 Million to Launch Cross-Chain Aggregator Umbrella; Token Price Soars 4,200%

DegenSwap (http://degenswap.io), powered by Atom Foundation (http://atom.foundation), the group behind multiple brilliant DeFi liquidity solutions, today announced the successful US $3 Million raise via an initial launch on DynamicSwap (http://dynamicswap.exchange); the launch brought participating investors a 42X on their initial investment. A single-click, cross-chain aggregator umbrella, DegenSwap is backed by high-profile investors including Michael Terpin of BitAngels, and notable venture capital groups such as Moonwhale, Draper Venture Network, MeXC, Interstellar Digital, Maven Ventures, Mantra DAO and more; the platform is a designed to bring to users the best prices across all other market aggregators. The initial platform launch will include Binance Coin (BNB) and Ethereum (ETH) and will provide one-click interoperability between the two separate blockchains. Positioned as an umbrella aggregator, the platform solves a major barrier currently affecting the cryptocurrency market by providing 100% reimbursement on gas fees. 


Atom Foundation focuses on liquidity solutions on the blockchain and is known for multiple innovative DeFi solutions already on the market. Atom Foundation CEO, Yoda (Jude) Regev, emphatically spoke regarding the launch:


“We saw an issue when testing aggregators across the cryptocurrency space where the prices were different even though all aggregators claim to have the lowest price. Further, it is evident that gas fees and complicated cross-chain processes limit trading and deter new users to the decentralized world. So to solve this, we designed DegenSwap to not only display the best price among all aggregators but also to reimburse users for their gas and fee costs, which is a game-changer for crypto.”


The DegenSwap platform includes a native token, DEGEN, which is available at the moment on DynamicSwap and will soon be added on Uniswap, Sushiswap, and PancakeSwap; the group also has executed agreements with centralized exchanges like MeXC and more. The native token has grown 10X since launch and 42X from the private sale, as the public sale is still running. Cryptocurrency projects also have the ability to easily create a license-free, one-click clone of the DegenSwap platform. The projects can even charge their own fees and transaction taxes and leverage the fee-reimbursement technology without any development.


For more information about DegenSwap's innovative cross-chain aggregator umbrella, or to license the DegenSwap technology, please visit the official platform and join their Telegram community. 


About Atom Foundation 

Atom Foundation is a DeFi liquidity ecosystem powered by proprietary protocols designed to underline IDOs, Auctions, NFT marketplace, multiple swaps, and more. Atom Foundation's main goal is to improve liquidity access to digital and traditional illiquid assets. The foundation's ecosystem supports solutions for decentralized claimless insurance, social currencies, real estate, venture capital loans, cross-chain networks, blockchain, and other financial instruments that position the foundation at the forefront of the future of finance.

SyncDAO teams up with MANTRA DAO to use ZENDIT Launchpad for IDO

DeFi startup SyncDAO has announced that it will be partnering with MantraDAO to use their decentralized launchpad Zendit for their IDO.

Through the use of Layer 2 solutions, Zendit will help SyncDAO reach a wider audience and introduce more users to the opportunity to participate in DAO governance, an exciting new development that is allowing people the opportunity to contribute in a meaningful way to the communities they choose to be a part of. MANTRA DAO's use of proven Layer 2 scalability solutions will ensure that these services are fast and compatible between both projects.

“Working with a team that is focused on improving the whole space was super important to us, that's why we chose to work with MANTRA DAO. Their objective to give financial control back to the people was philosophically aligned with our goals at SyncDAO and made it an easy choice to partner with them.” - SyncDAO Co-founder Paul Holland

“Launching SyncDAO on Zendit is a great opportunity for us to introduce our community to a DeFi solution that is sorely needed and has been missing in the space.  The combination of SyncDAO's Perpetual Vaults and their affiliate smart contract layer is a killer product”– MANTRA DAO Co-Founder John Patrick Mullin.

The partnership with MANTRA DAO is just one of several that the SyncDAO team is announcing ahead of its official launch.

SyncDAO seeks to give new users a simple introduction to DeFi where they will ultimately be able to access the best of DeFi returns from multiple protocols from inside the SyncDAO interface, saving the user from understanding the complexities of multiple platforms.

With their unique Perpetual Vault architecture, users simply stake their Perpetual Vault Tokens (PVT) to choose the return they want to earn. Working with MANTRA DAO will serve to introduce a wider community to all the opportunities of decentralized finance as well.

 

About SYNCDAO

SyncDAO is a Decentralised Autonomous Organisation (a DAO) founded by Rossco Paddison and Paul Holland. SyncDAO aims to bring DeFi to the mass market by incentivising referrals to its easy to use platform that offers the best of DeFi yield generating protocols via its Perpetual Vaults. SyncDAO is launching the first Perpetual Vault in November.

HOW PERPETUAL VAULTS WORK

The process of working with the Perpetual Vaults is easy. Users mint Perpetual Vault Tokens and deposit these into the high interest vaults. They can choose to earn interest in Stablecoins or may instead choose to be paid in a volatile currency like Ethereum, giving them the ability to continually dollar cost average into a blue chip asset that may appreciate over time.

Through the SyncDAO affiliate smart contract layer, anyone can be rewarded for referring new users to the Perpetual Vaults. These rewards will be a percentage of the interest earned on the deposits made by their referees. This is all managed in a permissionless manner through fully audited smart contracts on the Ethereum blockchain.



About MANTRA DAO

Mantra DAO is a community-governed DeFi ecosystem focusing on staking, lending, and cross-chain DeFi products. MANTRA DAO has built a suite of DeFi services including a multi-asset staking platform, money markets lending protocol, gamified lottery pool, and token issuance launchpad. The suite is natively built on Ethereum, with cross-chain products currently on Binance Smart Chain and Polygon, and is currently working on launching these services on Solana, HECO, and Polkadot in the near future.


EmiSwap Integrates with Polygon to Provide Nearly Free Transactions, Offer 365% APR Liquidity and Farming Pools

-- EmiSwap (https://emiswap.com), the only community-governed decentralized exchange (DEX) paying out high rewards for liquidity providers, today announced its integration with Polygon blockchain, the leading platform for Ethereum scaling and infrastructure development. The new integration will aim to reduce the transaction costs without compromising output, enabling quicker and cheaper user transactions. The integration will allow users to execute trades instantly using the EmiSwap interface and pooled liquidity utilizing Polygon's full-stack layer 2 scaling solutions.

While the Ethereum network currently hosts the bulk of EmiSwap activity, it is not always a viable option for traders, due to ongoing network congestion and high gas and transaction rates. Even with the recently reduced capacity, spending over $25-$250 dollars for a single transaction fee is quickly becoming unjustifiable to many crypto investors. EmiSwap's new integration with Polygon will offer a viable layer 2 solution: making Ethereum much more usable and cheaper with a 0.001 MATIC gas fee on the platform. 


“We are delighted to be working with Polygon to bring their scalability solutions to the market, as it enables new innovative and value-adding services for our users,” said Grigory Rybalchenko, founder and CEO of EmiSwap. “Now, EmiSwap users will have the option to swap and provide liquidity on EmiSwap DEX with fast and nearly free transactions due to the Polygon integration. This is the next phase in the development of a multichain decentralized platform that will allow us to provide additional value to the DeFi market and our community.”  

EmiSwap aims to become the go-to multichain AMM DEX providing users with simple and affordable transactions. The new Polygon integration will provide the EmiSwap community with several advantages including:

  • Users will be able to stake their LP tokens into the new farming pool and win a 365% APR airdrop (per liquidity) plus additional percentage APR for farming with 0.25 percent of the platform fees paid by the token swappers. The reward amount grows with the amount held in the liquidity pool.

  • The 180 percent airdrop that will provide liquidity in any pool with ESW token and will receive 180 percent APR (per liquidity) + 0.25 percent of the platform's fees will be paid by token swappers. Similarly to the 365 percent APR airdrop. 

  • Users can check here (https://emiswap.com/farm) the percentage APR Farming pool in which users can provide liquidity or stake their LP token in farming pools and receive high percentage APR rewards daily. Again, 0.25 percent of the platform's fees will be paid by token swappers. The XXX percent APR farming pool will launch on November 23,2021. Users will also have access to migrate liquidity from QuickSwap. Pairs available for liquidity migration are WETH-USDC, WETH-WMATIC, WETH-WBTC, USDC-USDT and WMATIC-USDT.

Additionally, the Referral Program will work with both 365/180 percent airdrops. With three referral levels, users will be able to receive a percentage from the rewards of users they have invited to the EmiSwap platform:

  • Level 1: If a user invites USER1 by their referral link, the user will receive 3 percent of their reward.

  • Level 2: If USER1 invites USER2, the original user will receive 5 percent of USER2 rewards.

  • Level 3: IF USER2 invites USER3, the original users will receive 7 percent of the USER3 reward. 


EmiSwap now supports Ethereum, Kucoin, and Polygon blockchains with Near Protocol, Avalanche and Binance Smart Chain currently under development. 

For more information, please visit EmiSwap's official Website and Medium as well as follow the EmiSwap Telegram group.

                                                                       

About Polygon

Polygon is the leading platform for Eutherum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, datavailabilit solutions and more. Polygon's scaling solutions have seen widespread adoption with more than 1200 applications hosted, about 600M total transactions processed, about 60M unique user addresses and more than $5B in secured assets. Learn more about Polygon by visiting their WebsiteTwitterEcosystem TwitterRedditDiscordTelegram and Instagram.


About EmiSwap  

EmiSwap is an audited, cross-chain AMM DEX that allows users to safely extract over high APR daily from liquidity mining and farming on Ethereum, Kucoin and Polygon. EmiSwap distributes 0.05 percent of the exchange volumen to ESW token holders, compensates 100 percent of the ETH gas users pay and features unique and yield-boosting NFT Magic Cards that increase user's yield. EmiSwap is audited by Hacken and BluSwarm and constantly adjusts APR, launches new farming pools and distributes additional rewards for liquidity providers. Learn more about EmiSwap AMM DEX and join the decentralized family by visiting the Website, Twitter, Medium, Telegram, Discord and GitHub

Injective Protocol Launches its Mainnet for Fully Decentralized Derivatives Trading and a $120 Million DeFi Incentive Program

Injective, the first universal DeFi protocol for cross-chain derivatives trading, has announced the successful public launch of its main network alongside a $120 million protocol incentive program named Astro for traders, market makers and DeFi projects.

A newly minted unicorn, Injective streamlines fully decentralized trading with a fast and secure layer-2 exchange that allows individuals to create unlimited financial markets for assets such as crypto, commodities, NFTs, forex, and much more. Injective enables 24/7 trading and allows its users to trade with zero gas fees. All transactions are entirely transparent and secured by Tendermint-based proof-of-stake consensus with instant finality. Recently, major institutions such as Siam Commercial Bank and Binance have put their institutional weight behind Injective as well as they act as validators for the protocol.

Injective is a Cosmos SDK based chain that enables decentralized trading for a diverse array of financial instruments such as perpetual swaps, expiry futures, and traditional spot markets. Unlike its counterparts such as FTX and dYdX, every component of the Injective is built to be fully trustless, censorship-resistant, publicly verifiable, and interoperable while providing an intuitive user experience comparable to centralized exchanges. 

Injective has already seen substantial levels of adoption with over one billion dollars in daily trading volume across more than 25,000 unique monthly users. Renowned market makers and funds such as Cumberland, QCP Capital, CMS, and Bitlink are all early backers of the project and helped provide advice on the initial design and development of the protocol itself. Injective rose to prominence last year as they became one of the first protocols to list commodities such as gold on the exchange.

To accompany the mainnet launch, Injective is also releasing a $120 Million incentive program named Injective Astro to help promote liquidity and trading on the protocol. To help put this number into perspective, $120 Million will make Injective's Astro program one of the largest liquidity incentive programs within the orderbook DEX space and by far the largest within the entire Cosmos ecosystem.

The program will begin by allocating the funds specifically to market makers and traders who utilize the protocol. Through the Trade & Earn program, traders will be able to earn a rebate for every trade that they place on the exchange rather than having to pay a fee as is the case on all other platforms today. To further encourage user loyalty, Injective has introduced a decentralized VIP system to progressively reward users as they increase participation and volume. This is the first time an exchange VIP system has been implemented fully on-chain with zero intermediaries.

Injective Astro will extend far beyond the trading incentives to further catalyze ecosystem growth through a multi-stage process. Injective Labs also plans on assigning more funds toward incentivizing new projects to build on Injective. So far Injective Labs has publicly backed NFT auction house Burnt Finance which famously worked with Injective to burn Banksy painting and minted an NFT after the act. The news was covered across all major media and the video itself has garnered over ten million views in China alone.

The frontend interface created by Injective Labs called Injective Pro was released last month. Injective Pro restricts all US users in order to properly comply with guidelines set forth by governing bodies such as the CFTC. Uniquely however, developers can build new exchange interfaces on top of Injective which allows individuals to rapidly create region or asset specific exchanges while being able to leverage the powerful backend protocol. For instance, a developer can deploy a decentralized exchange that only focuses on futures trading.

Over the past few months, Injective has taken steps to ensure complete decentralization of the protocol itself. Every transaction on Injective is verified by a decentralized group of validators that currently secure some of the fastest growing projects in the industry today such as Cosmos and Terra. Users can view all trades on-chain via the Injective Explorer regardless of whether the trade was placed via a frontend interface or the institutional grade Injective API. All markets launched on Injective must be approved by a DAO vote from which Injective Labs abstains. All of these aspects empower the global community to dictate the future of Injective.

The launch of Injective mainnet and the Astro incentive program follows the release of the Injective Bridge – an IBC-enabled cross-chain bridge that supports seamless Cosmos and Ethereum-based token transfers. Injective also touts its fast withdrawal times back to Ethereum which currently stands at less than 10 minutes which is far lower than other layer-2 solutions where withdrawals can take up to a week to process.

“Our mission at Injective has always been to build the most powerful cross-chain protocol for completely decentralized derivatives trading. As Injective interconnects new chains, the ecosystem will continue to serve as a DeFi gateway for trading across the multi-chain universe. Injective's Ethereum-native tooling allows users to simply create and trade new cross-chain markets without the typical roadblocks associated with making transactions across distinct blockchain networks,” said Eric Chen, the 23-year-old computer science dropout co-founder and CEO of Injective Labs.

The team at Injective Labs has been building it since 2018 and validated the product  with the largest funds, market makers, and institutional traders. Injective was one of the first projects to be incubated by Binance Labs and recently raised a $10 million round from the likes of Pantera Capital and Mark Cuban.

About Injective

Injective is the first cross-chain protocol built for decentralized finance applications. On the Injective exchange, anyone can access, create, and trade unlimited DeFi markets such as futures and perpetuals. Developers can also build cross-chain Ethereum-compatible projects that are lightning fast and achieve instant transaction finality. Injective is backed by a prominent group of stakeholders including Binance, Pantera Capital and Mark Cuban. For more information please visit https://injectiveprotocol.com/ 


Chainlist.finance, The First Decentralized Crosschain NFTs Bridge & Marketplace

Chainlist.finance will further assist them to launch their NFTs on different blockchains. Chainlist.finance is compatible with cross-chain blockchain and cross-chain social media. 

Chainlist.finance offers multiple new and updated features that have not been offered by any other blockchain project. This project, however, explores different areas of improvement, and tries to stick two incomplete pieces in order to create a single masterpiece.

Besides, social media is no longer confined to entertainment. Many people have made a good fortune out of it, and the number of those individuals is only increasing. Individuals that are already monetizing social media, and those who create content only as a hobby, both, are provided with a passive income opportunity through Chainlist.finance. NFTees trading volume surged in the third quarter of 2021 to $16.67B. Considering that number chainlist is offering passive income where an artist can earn upto $50k on average

Users of Chainlist.finance will be able to convert their digital content into NFTs, without going through the hustle of creating a digital currency wallet, purchasing native tokens and utilizing them to create NFTs. On the contrary, users will be able to convert their digital content into non-fungible tokens relatively easily, through just a few clicks.

As the diagram explains for itself, Chainlist.finance will use its NFT bridge to offer interoperability. Users will be able to buy and sell in different blockchain marketplaces without having to shift to other crypto wallets.

Once users authorize their social media accounts with the application, they will be able to mint or buy/sell NFTs. In addition to that, users who do not want to connect their social media accounts, will be able to directly convert their organic data into NFTs.

Chainlist.finance takes up on the challenge to amalgamate both industries to create a by-product that is enabled to transform usual digital content on social apps into NFTs, and launching them on different blockchain marketplaces. Aside from creating NFTs, Chainlist.finance offers exciting features.

What Chainlist is offering ?

Metaverse

Chainlist.finance offers metaverse with augmented and virtual reality to enable influencers and their followers to conduct virtual events. Users will be able to request their celebrities for personalized content that can be published on either marketplace with the consent of both parties.

Staking

Chainlist.finance offers staking with its native token $Clist in return offers upto 509,555.25% APY. Users can do staking in two ways: $Clist-$Clist or $BNB-LP $Clist pools

Governance

Chainlist.finance is a decentralized structure with its native token $Clist which can be used to participate in governance structure of the platform.

Cross chain interoperability

Through the Chainlist NFT bridge users will be able to access multiple blockchains through cross chain interoperability feature. In addition, users will be able to make transactions on different blockchains with a single wallet through Chainlist NFT bridge.

Desktop and Mobile application
Chainlist.finance has compatible applications for desktop and mobile sets in order to offer better user experience.

Third party use-case and applications
Chainlist will have its own open source code on github, third party platforms will be able to adopt usability and scalability within the open source ecosystem. They will not have to write code from scratch, as they can adopt it from the open source.


Tokenomics

Chainlist token is already minted on the binance smart chain and has a total token supply of 1 Billion Clist token which will be distributed below;

  • Private-sale 5% Tokens will be sold to Venture Capitalists and Long Term Investors.

  • Pre-sale: 30% of tokens will be sold at 1 BNB = 300,000 Clist to Early Investors.

  • Initial liquidity pool: 20% on Pancakeswap

  • Marketing and strategic partnership: 8% (locked for 6 months vesting)

  • Team pool: 5%, where 2% for development and 3% for R&D (tokens locked for 6 months vesting)

  • ILO platform fee 2%

  • Tokens locked for staking reward in contract: 30%

Mission and vision

Chainlist has the mission to create an integrated space for social media platforms and blockchain. It is on the mission to create a source of passive income for social media users through non-fungible tokens, and staking for Chainlist.finance community. 

The platform is designed in a way to facilitate users to easily transfer their digital content into non-fungible tokens. It also helps users to launch their NFTs across different blockchain marketplaces, which is a big flex for a project of this nature.

Chainlist.finance is a one-stop marketplace for social media users to monetize their personal content that includes images, GIF, videos and music. Users can turn their viral content into NFTs and sell for fortune including the 5% royalty on each trade. So what are you waiting for?

Social Media

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Blockpass Completes Integration with Polygon, Enhancing Cross-Chain KYC Offering

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BEUROP Launches DeFi Trading & Marketing Platform for Blockchain Startups

BEUROP

Press Release: Blockchain Euro Project BEUROP has announced the launch of its DeFi trading and Marketing platform for cryptocurrency startups and everyday users.   Monday 18th, London, England — Following the launch of its deflationary BEPR token, Blockchain Euro Project (BEUROP) is preparing to establish its first product: a DeFi crypto trading and marketing platform […]

The post BEUROP Launches DeFi Trading & Marketing Platform for Blockchain Startups appeared first on Bitcoin PR Buzz.

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AXS, CHZ, FTM + 9 more added to CoinJar

We’re excited to welcome 12 new tokens to the CoinJar lineup. From NFTs to sporting tokens, synthetic assets, blockchain oracles and DeFi pioneers, these coins represent some of the most innovative projects in the crypto space.

  • Axie Infinity (AXS)
  • Fantom (FTM)
  • TerraUSD (UST)
  • Amp (AMP)
  • Chiliz (CHZ)
  • Uma

Popsicle Finance’s Approach to DEX Liquidity Provider Yield Optimization Will Open Up DeFi to a New…

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