Tag: ecosystem
Seedify.Fund (SFUND) remains largely unchanged despite launching brand new ecosystem features
Seedify.Fund (SFUND) has remained largely unchanged even as the project announced major new features…
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Metaverse and NFT integration: Top 3 coins to consider
The metaverse is seen as the hottest trend in crypto right now. The big…
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Strong whale accumulation pushes Aave (AAVE) over 30% in 2 days
Aave (AAVE) has been surging over the last two days. The coin in fact…
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Is it possible for NFTs to revive the present bearish DeFi cycle?
The current DeFi market is bearish as most of the tokens are priced low compared to previous months. A bear market can be caused by a variety of events, including bursting market bubbles, a poor or lagging or sluggish economy, wars, geopolitical crises, pandemics, and significant paradigm shifts in the economy, such as changing to an internet economy. Another reason can be the isolation between NFTs and DeFi space. Let’s see how NFTs can help revitalize the bearish DeFi cycle. Isolation between NFTs and the DeFi space Looking back, we can see that NFTs and DeFi protocols have worked separately in the past. However, the current bearish moves in the Defi market may be corrected by the widespread adoption of NFTs. This is because NFTs have the capacity to assign value to nearly any object. DeFi, on the other hand, aids in the unlocking of a certain asset’s worth. When combined together, they can balance each others’ strengths and weaknesses and enhance their capabilities. Application of NFTs to the DeFi world NFTs help revolutionize the DeFi world because of the following reasons Allow for customizable and exact roles for the community members involved such as ‘avatars’ in the Metaverse games and ‘validators’ for any DeFi protocol/blockchain like Cardano. Make a distinction between the cost of government authority and the cost of native tokens. It’s possible to make DeFi a gamification land. Protocols that can fine-tune scarcity and utility-based value. Solves the illiquidity issue with veTokens The intersection of NFTs and DeFi This section will cover a few cases where the intersection of NFTs and DeFi looks promising- Uniswap v3: The only way to introduce concentrated liquidity into Uniswap v3 was to tokenize distinct LP positions. This innovative adjustment resulted in more use, resulting in higher revenues for LPs. Curve Finance- Solidly Exchange: veCRV’s Curve Finance problem was solved by Solidly exchange. Solidly enabled the lock of tokens for ve governance tokens to be tokenized, allowing for a single lock position and several lock positions with different time durations. BinaryDAO.finance: BinaryDAO.finance, a yield DAO, reinvented APR boosting by releasing a collection of 2,500 NFTs with a 25% APR for stakers. In comparison to the status quo of depending on physical locks, the release earned revenue for bootstrapping liquidity and making APR increases liquid. Nacho Finance: Nacho Finance, an algorithmic stable coin technology, is expanding its ecosystem to include a fun and engaging game. Their Luchador NFTs will allow gambling on NFT bouts and reinforce the peg by acting as a black hole for their token’s upgrades. $NACHO Final thoughts UniSwap v3 and Solidly, for example, are very different from NFT assets with defined amounts that are distributed, such as BinaryDAO and Nacho Finance. Both protocols, however, have one thing in common: they both aim to improve the protocol user’s experience. The construction of Defi protocols is significantly influenced by the techniques employed by UniSwap v3 and Solidly. However, the innovation fostered by NFT assets and the related value addition should not be underestimated. Whether you like it or not, widespread integration between DeFi-NFTs is coming.
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FairySwap, the First DEX on the Findora Blockchain, Launches on Mainnet
Solana Sees Small Bump in Price As Coinbase Wallet Expands Support for SOL Ecosystem
Coinbase is pressing ahead toward the Web 3.0 future by enabling its browser-based wallet to accept assets from the Solana (SOL) ecosystem. According to a new press release, the US-based crypto exchange says it’s responding to new needs and opportunities as blockchain technology expands its frontiers. “Over the past year, there has been an explosion […]
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Cardano (ADA) Attains 9th Position in Market Valuation During Ecosystem Inflows
Crypto derivatives exchange SynFutures expands Arbitrum support via SushiSwap
SynFutures, a decentralized derivatives exchange, today has officially extended support for the Arbitrum network following an initial deployment in September of last year. The expansion allows users to access and trade a wide variety of Arbitrum assets in a fully decentralized and permissionless manner. To expand support for Arbitrum assets, SynFutures integrated with SushiSwap’s price […]
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Become the Whale in One Click
FiscusDAO Announces Launch Of Its Liquidity Bootstrapping Pool (LBP)
Cookin’ Burger! Digital Entertainment Asset Reveals Its First Third-Party Game Title
Singapore-based digital entertainment and blockchain game company Digital Entertainment Asset (DEA) revealed on Mar.18 the release of the fourth blockchain game title – Cookin’ Burger. The game will mark the first time DEA has partnered with a third party developer for the launch off the game. As a press release reported, Cookin’ Burger will be [...]
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