GALA bulls are upbeat, adding 11 percent in the previous week of trading against the USDT. The token could break above $0.27 and rally to February 2022 highs. Past Performance The GALA price remains in consolidation inside a bull flag considering gains over the past few months. GALA has been stable in the past 24 hours but is up 11 percent in the previous trading week. Overall, bulls are in a commanding position, sustaining prices inside the broader ascending wedge with clear support at $0.21 marked by March 16 lows. GALA Technical Analysis The path of least resistance is northwards based on the recent price performance. Technically, GALA prices are consolidating, trading inside a narrow $0.07 trade range with caps at $0.27 and $0.20 on the upper and lower ends. There has been confirmation of the bullish engulfing bar of March 16, suggesting strength. Aggressive traders can load the dip inside the March 16 trade range above $0.20 with targets at $0.27 and later $0.38—marking February 2022 highs. What to Expect Blockchain gaming and NFTs are finding widespread adoption—a fundamental factor supporting GALA bulls in the long haul. The immediate resistance level is at $0.27. However, if prices crash below $0.20, the token may drop towards 2022 lows of $0.17.

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If you want to be a part of the NFT space, then you should visit NFT marketplaces where you can trade NFTs ranging from music to art to assets of the virtual world. There are dozens of marketplaces and some marketplaces cater to specific sectors. What things should you look for in an NFT marketplace before picking which one to utilize and which are the top NFT marketplaces? This article covers top NFT marketplaces in detail. OpenSea OpenSea is the biggest decentralized peer-to-peer marketplace for buying, selling, and trading rare digital assets, such as gaming assets, collectibles, and art which runs on the Ethereum blockchain. In reality, OpenSea bills itself as the world’s largest marketplace for digital assets, claiming to have the best pricing on new NFTs and a wide choice of available NFTs in over 200 categories. Digital art, decentralized domain names, trading cards, virtual worlds, digital collectibles, sports NFTs, utility NFTs, you name it, all of these items can be traded on OpenSea. Cryptopunks, Axie Infinity, Gods Unchained, CryptoKitties, SuperRare, and other popular NFT projects use it as their primary platform. Rarible Rarible is a non-profit marketplace for selling single works of art and collections. Sports, gaming, media corporations, and artists launching collections of work are attracted to Rarible due to its decentralized nature. It is a community-owned platform that encourages decentralization. It has its token, RARI, and the platform’s users get to vote on any platform changes and participate in governance. For example, Adobe has worked with Rarible to secure artists’ work and develop unique NFTs. Rarible uses Flow, Tezos, and Ethereum. You may choose which token to use when you mint your NFT, and you can share your search options with OpenSea. The topic of which blockchain to use is intriguing. The most popular blockchain for NFT minting is Ethereum, although it has a significant carbon footprint and hefty gas prices. Tezos has modest gas expenses (about $0.50). However, it’s aimed towards artists releasing compilations. Flow uses lazy minting, which means creators pay almost no fees, and it’s a proof-of-stake blockchain, meaning it has a much lighter carbon footprint than Ethereum. Nifty Gateway Nifty Gateway has helped some of the most well-known digital artists, including Beeple and singer/musician Grimes, sell their music. It’s a cryptocurrency exchange-backed art curation platform (controlled by the Winklevoss twins). The NFTs, sometimes known as Nifties, are Ethereum-based. Nifty Gateway hosts any NFTs purchased, which means the NFTs aren’t held in your wallet but rather on Nifty Gateway’s servers. NFT collectors may not like this feature, who like more flexibility while investing in art. Purchases on Nifty Gateway can also be done in fiat currency(e.g., US dollars) without the need of purchasing cryptocurrency.  Super Rare The Super Rare platform gives more of a gallery feel to the NFT space. It’s an NFT marketplace that prioritizes artistic intent and credibility above meme-friendly art. You won’t find any celebrity NFTs in SuperRare. It is said to accept only 1% of all applicants, which may sound snobbish, but if you are selected, you will be included in a catalogue of well-curated and intriguing artworks. SuperRare has the atmosphere of a high-end gallery, which is heightened by a rule that allows its artists to mint one of their originals — no Editions here. This indicates that the pieces are more scarce and so rare, as the term implies. It is one of the top NFT marketplaces for serious art and artists, which is incredibly uncommon in the NFT space. Top Shot  The NBA and the Women’s National Basketball Association have teamed with NBA Top Shot, a fan-driven marketplace, to sell collectible moments and art based on the world’s most famous NBA sport and women’s basketball league. Go to the fastest-growing marketplace instead of going to Amazon for your next sports present. Firstly, you need to create an account with the NBA’s Top Shot to purchase an NFT. Top Shot is a closed marketplace that only allows you to buy and sell things on their site, and it was built on the Flow Blockchain by Dapper Labs. Some memorabilia can be purchased for as little as a few dollars. Magic Eden Magic Eden is a Solana blockchain-based decentralized application. The blockchain allows users to generate and manage non-fungible tokens. NFTs can be used for various things, such as digital collectibles, game assets, and more.  The following are some of the desirable characteristics of Magic Eden:  Launchpad: This capability is exclusive to Magic Eden and allows users to construct NFTs in minutes without using any other software. The platform now only accepts a small number of projects; however, this is likely to change.  Future Launches: Rather than wasting time looking for your favourite creator’s next NFT drop, Magic Eden provides a curated list of upcoming launches so you … Continued

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Europe’s largest digital asset investment firm CoinShares has announced a partnership with leading cryptocurrency exchange FTX Global to launch the world’s physically-backed exchange-traded product (ETP) for Solana (SOL). Designed to share the staking rewards in a transparent way, the physically settled Solana ETP will launch with 1 million SOL worth $91 million (at the time of writing) in assets under management (AUM). The staking rewards for the Solana product have been set at 3% per annum while the management fee is reduced to 0% yearly. “CoinShares has a proven track record of providing European investors with innovative and regulated crypto-asset investment vehicles for close to a decade, making them the obvious choice to collaborate with for institutional offerings. We’re excited to work alongside CoinShares to give investors access to the Solana ecosystem and we look forward to collaborating further on additional offerings,” said Sam Bankman-Fried, FTX CEO. [1/5] We are excited to announce that we've partnered with @FTX_Official and our first initiative is to launch a physically staked Solana ETP with SOL1mn seed capital, Staking Rewards of 3.0% p.a, and a reduced management fee of 0.0% p.a. pic.twitter.com/dCq5H2CH1c — CoinShares 👩‍🚀 (@CoinSharesCo) March 23, 2022 Bridging the Gap Between TradFi and Crypto The collaboration with FTX continues CoinShares mission of bridging the gap between traditional finance and digital assets in a secured, transparent and familiar manner. CoinShares FTX Physical Staked Solana will be listed on Germany’s main market Xetra. With the new product, the company has now officially launched four ETPs this year.

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Bahamian-based FTX, one of the biggest cryptocurrency exchange platforms in the world, has announced the acquisition of Good Luck Games in a bid to attract gamers into the world of NFTs and blockchain.  According to FTX’s CEO, in its mission to study the convergence of NFTs, cryptocurrency, and gaming, the company has found the ideal partner in the team at Good Luck Games. This acquisition represents the company’s first venture into in-house game production, as well as a significant step forward in its continuing endeavor to establish blockchain-based virtual assets as a widely recognized business plan in the gaming industry. As part of FTX’s broader commitment to climate and carbon neutrality, FTX’s Gaming team will concentrate on incorporating environmentally friendly blockchain technology into its operations. Why is FTX acquiring Good Luck Games? Good Luck Games (GLG) is an independent game development studio that is responsible for the development and publication of the famous upcoming card auto battle game Storybook Brawl. It was launched in 2019 by a group of seasoned card game designers and former professional card game players who wanted to do something different. FTX is now aiming to assist the team in developing as many games as they possibly can, with the goal of integrating the games as much as possible with FTX. As part of the advancement, FTX’s booth at this week’s Game Developers Conference in San Francisco will have an art-based NFT demo of Storybook Brawl on display for attendees. Crypto firms are attempting to capitalize on the expanding gaming sector by implementing NFTs and blockchain technology into their operations. A decentralized gaming future might be realized with the introduction of blockchain technology to the gaming industry, in which assets earned or bought in one game could be transferred and utilized in another game. It is FTX’s intention to take the lead in this new initiative, and the company believes that bringing on board the Storybook Brawl and the Good Luck Games team is a significant first step toward attaining widespread adoption of NFTs and blockchain technology across the gaming industry.

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Approximately around 23 new ADA staking pools have appeared in the Cardano network in the past 24 hours, each holding a massive 62 million ADA, according to a recent tweet by @Cardanians_io. The move resulted in ADA soaring to 6.7% in the past 24 hours. With the newly created pools, the live stake therefore, has risen to a whopping $1.5 billion worth of ADA with the overall amount of staked ADA now surpassing 73% of Cardano’s native coin in circulation. The aforementioned pools allow users to stake their ADA with those pools in order to earn awards in the same coin based on the proof-of-stake consensus algorithm. 23 new pools have been created in the last 24 hours. Each has a stake of 62M ADA. The live stake has increased by $1.5 billion ADA. The number of staked $ADA coins is over 73%, which is an excellent result in the context of the #DeFi boom. Someone really big likes #Cardano. — Cardanians.io 🥩 with CRDN 🏊 (@Cardanians_io) March 22, 2022 Cardano Now at Par With Ethereum L2 network? According to a recent tweet from @cardano_whale, last weekend, the Cardano network’s total value locked, including staking, has witnessed the most significant one-month increase. Across all DeFi protocols on the Cardano network, the total value locked has increased by $10 million while the aggregated TVL of the Cardano network amounts to $277 million, according to data from DeFi Llama. Cardano’s Total Value Locked including staking is now up to 22nd, the largest 1 month increase across all protocols with TVL > $10m. Cardano’s dominance in DeFi is now on par with Ethereum’s Optimism L2 (0.2%), keeps rising fast — ADA whale (@cardano_whale) March 20, 2022   At the time of writing, Cardano is trading at $0.954826, which is an increase of 18.9% compared to seven days before, when its price was $0.79, according to data from CoinGecko. Cardano (ADA) is currently the eighth largest cryptocurrency by market capitalization, which at press time amounts to $30 billion.

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The DOGE cryptocurrency price movement did not change significantly during the trading month. In the previous analysis, we outlined the importance of the $0.1 mark for the medium-term growth wave. Since then, the DOGE price has continued to move within the consolidation wedge and has not fallen below the critical mark. The level of passivity of market participants is outrageous. However, the weakness of the price fall and low volumes during the fall – this is the problem of sellers. No matter how weak or scared the buyers are at the moment, they manage to turn the price in a weekly timeframe. https://www.tradingview.com/x/yhjP15pw/ The main scenario is the $0.26 test remains valid. This mark shows the global trend line of the correctional channel of sellers. In this channel, the DOGE price is traded from June 2021. On the way to the $0.26 mark, buyers will face another problem – the $0.17 mark. At this point, the average trend line of the fall channel. However, a much more important fact is that the range of $0.17 confidently stopped the DOGE price rebound in late November. As we can see in the chart, buyers could not take control of this mark for 5 weeks. Therefore, the probability of a rebound from this mark and a retest of the mark of $0.138 is the main scenario for us. Technical Analysis Of DOGE On The Daily Timeframe https://www.tradingview.com/x/fPReABhr/ Analyzing the movement of the DOGE price on the daily timeframe, we see the beginning of a new growth wave. So far, all this is organized lazily and without confirmed volumes. However, each new wave begins its formation with uncertain movement. To accelerate the potential growth trend, buyers should first go beyond the wedge and break the $ 0.138 mark. Starting from 21 February, sellers took control of this mark. Although at the moment the local low update is rather sluggish, the initiative still belongs to sellers. Breaking and taking control of the $0.138 mark will guarantee buyers a confident continuation of the growth wave. This should be taken into account when planning an investment in the DOGE cryptocurrency. An unsuccessful attempt by buyers to take control of the $ 0.138 mark will increase the risk of the $ 0.113 mark test. However, even such a scenario will be safe for the formation of a new growth trend in the near future. The DOGEBTC Price Is In The Critical Range Of 0.00000290 https://www.tradingview.com/x/iEajwodt/ Hints of positivity can also be found on the DOGBTC global price list. What positive can be find since January 2022? Yes, every next week closes below the opening price. However, pay attention to the local low update from November 2021. In the case of sellers’ strength and the complete disinterest of buyers, the DOGEBTC price had to accelerate its decline. Then we see the price fall stop after updating the low and a signal for reversal. In the weekly timeframe, this means the formation of a medium-term growth wave with the first target of 0.00000350. For a global reversal in the DOGEBTC market, buyers should take control of the 0.00000450 mark.

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Tezos prices are inside a bear flag amid a double bottom with support at $2.8. A close above the neckline may spark another wave of higher highs towards February 2022 peaks. Past Performance Tezos is inside a descending triangle, printing higher highs with a solid base at $2.8. Based on the formation in the daily chart, the path of least resistance is downwards from a top-down analysis. However, since there have been decent gains in the past few weeks, buyers may close above $3.7 and the upper trend line of the wedge for another leg up. Tezos Technical Analysis The XTZ price is inside a descending wedge with support at around $2.8. While there are higher highs, the Tezos coin could break above the double bottom neckline at $3.7 in a possible bullish breakout pattern as XTZ bottoms up. Ideally, the close above $3.7 should have high trading volumes in line with gains of February 28, confirming buyers. A close above the descending triangle could be the foundation of another leg up towards February 2022 highs of $4.5. What to Expect of Tezos Tezos is in range mode with caps at $2.8 and $3.7 inside a descending triangle. There is a double bottom, signaling possible strength. Despite confident traders, the coin is in bearish territory, provided prices are inside the bear flag.

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The ongoing dispute between the financial watchdog – Ontario Securities Commission (OSC) and the leading cryptocurrency exchange Binance is finally over. This is because the crypto operations in Ontario were finally ceased legally by the crypto trading platform itself.  Disagreement Between Binance and Ontario Binance and Ontario stood disputed since June last year when the crypto exchange decided to quit operations in the province due to allegations of failing to meet crypto securities laws. The OSC continued to allege that Binance notified its users about continuing operations in Ontario while being unregistered in December.  Binance & Ontario Come to an Agreement On March 17, 2022, Binance Holdings & Binance Canada Capital Markets Inc., were issued an undertaking by the OSC. In response, Binance ensured that the creation of new accounts in Ontario will be halted, trading in existing accounts will be ceased, fee waivers and reimbursements will be provided to some users.  Additionally, Binance also guarantees to report to the OSC and retain as an “independent third party.” The leading exchange promises to pave a regulatory path to ensure compliance with the OSC. 

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CRO is the native token of the Cronos blockchain. It is used for staking activities on its cryptocurrency exchange Crypto.com. Before the launch of its blockchain, Cronos was an ERC-20 token launched on the Ethereum blockchain. Fees generated from transactions are used to reward the users who staked their CRO tokens at the end of the staking period. Stakers earn between 10% and 12% APY on their staked tokens. What is Cronos (CRO)? Cronos (CRO) was launched in the last quarter of 2018 as the cryptocurrency that will be used in Mobile payments on Crypto.com financial and cryptocurrency exchange. The Cronos chain is decentralized, open-sourced and allows the adoption of cryptocurrencies. Crypto.com exchanged was launched in June 2016 by Kris Marszalek, Rafael Melo, Gary Or, and Bobby Bao. The exchange is one of the foremost exchanges that permits buying of cryptocurrencies with fiat currencies. Cronos payment platform with Crypto.com rewards users with 20% cashback for paying fees with CRO and 10% for peer-to-peer tradings on the fees generated. Now, let’s see the price analysis of Cronos for the coming years. Price Analysis of Cronos (CRO) Flashback: Fundamental Analysis of Cronos (CRO) The Crypto.com token (CRO) was rebranded to Cronos (CRO) after the launch of its blockchain in 2021. This is important so that users can different activities within the Cronos blockchain from the activities with the Crypto.com exchange. This same rebranding was recently done by Binance exchange when it changed the name of Binance Coin (BNB) to Build and Build (BNB). Every good rebranding always gets good course for the token since the impacts will be seen soon on the price of Cronos (CRO). Also, there is an increase in the annual percentage yield (APY) on staking with CRO. The reward has been increased to up to 52% from the previous 10% to 12% APY. This will encourage long-term investors on the project to stake CRO, so as to receive more of it by the end of the duration. Now, let’s see charts on Cronos price analysis. https://www.tradingview.com/x/x4Z2Moiu/ From the chart above, the price of CRO is getting to a critical point, since the green curve called the lips on the William Alligator indicator is approaching the same level with the recent candlesticks formed. This can trigger a bullish reversal. https://www.tradingview.com/x/DH4Dhz5y/ The relative strength index of Cronos (CRO) is 42.04 from the chart above. This means that the present trend is neutral and a bearish or bullish movement is possible depending on who takes over the CRO market. https://www.tradingview.com/x/t9Hz1Dfq/ From the chart above that represents the Keltner Channel Indicator for the 1Day CRO/USDT-we can observe that the price of Cronos (CRO) is consolidating, though it is still within the first half of the channel from the bottom. Let’s see the price predictions of Cronos (CRO) for the next five years. Cronos (CRO) Price Prediction 2022 The present return on investment on CRO for the past one year is 100% at the time of writing. If this is repeated this year, the price of Cronos might reach $0.38, $0.48, $0.65, and $0.8 by the end of the first quarter, second quarter, third quarter, and fourth quarter respectively. Cronos (CRO) Price Prediction 2023 Cronos might reach $1.08, $1.48, $2.65 and $3 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023 respectively. Cronos (CRO) Price Prediction 2024 Cronos might reach $3.2, $3.35, $3.5, and $4 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024 respectively. Cronos (CRO) Price Prediction 2025 Cronos might reach $4.2, $5.35, $5.2, and $6 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025 respectively. Cronos (CRO) Price Prediction 2026 Cronos might reach $6.4, 46.9, $7.5, and $8 by the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026 respectively. Cronos (CRO) Price Prediction: Market Sentiments Cronos (CRO) price predictions according to well-known media platforms are explained below: Wallet Investors According to Wallet Investors, the price of CRO will be $1.02 by February 2023 and $3.44 by February 2027. PricePredictions According to PricePredictions, the price of CRO will be $0.56 in 2022, $0.82 in 2023, and $11 by 2030. Digital Coin Price According to Digital Coin Price, the price of CRO will be $0.57 in 2022 and $1.95 by 2030. Our Cronos (CRO) Price Prediction Due to the increase in the number of cryptocurrency users and the quick option that funding with fiat currencies offers, together with the high rewards on CRO APY for those who stake CRO, the price of Cronos (CRO) might reach $8 by 2026. Conclusion From the fundamental analysis, charts, and market sentiments around Cronos, we can deduce that the price of CRO will be bullish in the future which … Continued

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MATIC is the native token of Polygon that was formerly known as MATIC network. It only supports basechain on the Ethereum blockchain and is Layer 2 blockchain Unlike blockchains with scalability challenges, the Polygon blockchain completes 65,000 transactions per second in a chain, and confirms transaction within 2 seconds Prior to the migration of MATIC to its own blockchain, it was initially launched as an ERC-20 token on the Ethereum blockchain. Over 50 decentralized applications (Dapps) and decentralized finance (Defi) projects had been launched on the Polygon blockchain. What is Polygon (MATIC)? MATIC was launched on the Ethereum blockchain in 2017 before it was migrated to its own blockchain in 2019. It was cofounded by Jaynti Kanani, Sandeep Nailwal and Anurag Arjun The total supply of MATIC is 10 billion MATIC and in April 2019 launchpad, only 19% of MATIC’s total supply was sold at a rate of $0.00263 per token and $5 million was raised Let’s see the Polygon (MATIC) price analysis for the coming years. Price Analysis of Polygon (MATIC) Flashback: Fundamental Analysis of MATI With the very low fees that are used in Polygon blockchain for transaction, there has been an option for top platforms that host the buying and selling of non-fungible tokens to allow the option to use the Polygon network. For example, the OpenSea platform, allows it’s users to create and deploy for Sales NFTs with no fees. This is due to the high gas fees of the Ethereum network. Since the NFT market worth over $40 billion as at January 2022, the Polygon blockchain is attracting a host of projects in the NFT sector Though the price of MATIC plummet by over 50% from it’s all-time high value: analysts believe that once the blockchain continues to attain it’s Layer 2 goals, the price of MATIC will recover Now, let’s look at charts to see the price analysis of Polygon (MATIC). https://www.tradingview.com/x/O83wAzB3 The relative strength index for MATIC from the chart above is 39.44. This value means that the present trend of MATIC is weak since it lies between 30 and 50, though it is approaching the undervalued region of 30. https://www.tradingview.com/x/ou7S8c7L The 100-MA is above the 200-MA, which means that the price of MATIC might not give good returns to investors who want to hodl the token for only a few days. https://www.tradingview.com/x/mBJerIIy From the chart above, we can see that the jaw which is represented by the blue curve is above and not closer to the green curve called the lips. This means that the present price of MATIC might plummet further. Now, let’s see the price prediction of Polygon MATIC for the next five years. Polygon (MATIC) Price Prediction 2022 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2022, the price of MATIC will be at least $1.15, $1.6, $1.75, and $2.18 respectively. Polygon (MATIC) Price Prediction 2023 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2023, the price of MATIC will be at least $2.35, $2.6, $2.85, and $3.18 respectively. Polygon (MATIC) Price Prediction 2024 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2024, the price of MATIC will be at least $3.4, $3.65, $3.75, and $4.12 respectively. Polygon (MATIC) Price Prediction 2025 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2025, the price of MATIC will be at least $4.15, $4.6, $5.75, and $6 respectively. Polygon (MATIC) Price Prediction 2026 By the end of the first quarter, second quarter, third quarter, and fourth quarter of 2026, the price of MATIC will be at least $6.3, $6.6, $7.5, and $10 respectively. Polygon (MATIC) Price Prediction: Market Sentiment Let’s consider the price prediction of MATIC by well-known media platforms. Gov Capital According to Gov Capital, the price of MATIC will be $7.47 by next year and $60.7 by February 2027. Wallet Investor According to Wallet Investors, the price of Polygon (MATIC) will be $2.96 by March 2023 and $8.9 by March 2027. DigitalCoin According to DigitalCoins, the price of MATIC will be $1.96 by 2022, $2.18 by 2023, $2.95 by 2025, and $7 by 2031. Our Polygon (MATIC) Price Prediction With the concentration of the Polygon developers in achieving their Layer-2 goals and also the adoption of Polygon in the NFTs market, the price of MATIC will get to $10 by 2026. Conclusion From the fundamental analysis, charts, and market sentiments around Polygon, we can deduce that the price of MATIC will be bullish in the future which will reward long-term investors.

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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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In the past few years, DeFi applications have seen tremendous growth. At the start of the year 2021, the Total value locked (TVL) in DeFi applications was used to be around 18 billion dollars. Currently, TVL in DeFi applications is around 200 billion dollars, which is more than 10x of the TVL of January 2021. Total unique DeFi wallets are 4.3 million right now, more than 4x the unique DeFi wallets of January 2021.  Various DeFi applications provide financial services like lending & borrowing, trading, prediction markets, yield farming, etc. Still, there are only a few million DeFi users, and the Anchor protocol of Terra Ecosystem wants to change it. Team of Anchor Protocol believes that a saving product is required for the mass adoption of DeFi applications.  Anchor is a saving protocol that offers low-volatile yields on deposits of Terra Stablecoins. The Anchor interest rate is powered by staking rewards from Proof of Stake blockchains, and therefore more stable rates can be expected. Anchor Protocol makes a money market between a lender and a borrower.  Lenders can earn stable yields by depositing their Stablecoins while borrowers can borrow stablecoins on their stakeable assets. According to the protocol-defined borrowing ratio, borrowers can lock their bonded assets (bAssets) as collateral and borrow stablecoins. Currently, Bonded Luna (bluna) and Bonded ETH(bETH) are the only two bonded assets that can be put as collateral for borrowing stablecoins.  The stream of staking rewards comes from borrowers’ global pool of collateral. These staking rewards are converted into stablecoin, which are given to the lenders in stable yield.  Tokenomics of Anchor Anchor Protocol’s governance token is the Anchor Token (ANC). Users who have staked ANC tokens can propose new governance polls, which can be voted on by users who have staked ANC tokens.  ANC token is designed to increase its value linearly with Anchor’s assets under management, allowing it to capture a piece of the protocol’s yield. Anchor provides protocol fees to ANC stakeholders proportionally to their stake, benefiting stakeholders as adoption of Anchor grows. ANC stakeholders are driven to suggest, discuss, and vote for proposals that improve the protocol. ANC Value Accrual The buying pressure increases proportionally as ANC tokens grow in lockstep with Anchor’s Assets Under Management. Protocol fees are used to buy ANC tokens from Terraswap, which are then paid to ANC stakers as staking rewards.  Protocol Fees  ANC captures protocol fees created by Anchor, with 10% of the value flowing into the yield reserve being used for the value accrual of ANC tokens. bAsset rewards, excess yield, and collateral liquidation costs are used to fund Anchor’s protocol fees. basset rewards A portion of the rewards from deposited bAsset collaterals is used to buy ANC, with the rest going into the yield reserve. If the yield reserve’s inventory reaches a sufficient amount, governance can modify the ratio of bAsset rewards utilised for ANC purchases. Excess Yield Deposit rates higher than the target deposit rate are stored in the yield reserve, with a portion of it utilised to purchase ANC. The ANC tokens that have been purchased are subsequently given to ANC stakers. Collateral Liquidation Fees When a loan is liquidated, 1% of the liquidated collateral value is sent to the yield reserve, with a portion going into ANC purchases. This cost is not included in the bid premiums. Governance Fees ANC token deposits of Anchor governance polls that have failed to attain the needed quorum are then allocated to ANC stakers as staking rewards.   At the start of the Anchor Protocol, 150 million ANC tokens were released. Fifty million (33.3 percent) tokens were airdropped to LUNA stakers, with staked amounts snapshotted at block 2179600.  One hundred million tokens (66.7 percent) were set aside for the Anchor Community Fund. Final Token Distribution A total of 1,000,000,000 ANC tokens will be distributed over four years. No more new ANC tokens will be added to the supply once this quantity has been distributed. Various methods to earn money with Anchor:  Depositing UST is a simple way to earn money with Anchor. The protocol project itself as a savings product and provides a 20% annual percentage yield (APY) on deposit.  Users can borrow UST by putting their bAssets, i.e. Bonded Luna (bluna) and Bonded ETH(bETH), up as collateral.  Users can also buy and stake ANC to receive staking rewards and participate in governance.  You can also earn rewards while at the same time providing liquidity to exchanges by staking your LP tokens (ANC-UST LP). Conclusion Anchor is the leading DeFi protocol of Terra Ecosystem. Currently, 13 billion dollars worth of assets is deposited in the protocol. Its goal is to become a stable saving solution for DeFi users, providing passive income. Anchor has an easy to use interface, which will be helpful in onboarding millions of … Continued

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