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Onomy Protocol Opens the Door For Institutions To Take On DeFi

indie
4 minutes

CASPER, WYO, Jul 24, 2021 - (ACN Newswire via SEAPRWire.com) - Onomy Protocol has recently announced plans to open the world of Decentralized Finance (DeFi) to traditional Centralized Finance (CeFi) operators with its ambitious cross-chain stablecoin infrastructure. Institutions worldwide are looking to tap into blockchain's edge on secure, trustless, and quick transactions. Financial entities are aware there is a Great Financial Migration currently underway, but they face significant stumbling blocks as they move their currency operations on-chain. Goldman Sachs' Crypto Trading Desk is one of the first forays into blockchain by a major bank, with private entities like Fidelity Investments providing enterprise-grade custody and execution services for institutional investors. Likewise, JPMorgan has just announced plans to give wealth clients direct access to crypto funds.Despite the acknowledgement of the promising underlying technology, volatility is cited as the primary concern holding back traditional institutions. This has led to the proliferation of 'stablecoins' that are digital crypto tokens pegged to major national currencies, enabling access to decentralized finance and cry...

ACN Newswire
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NexWEB Technologies Chooses Butterfly Protocol for Powering its Blockchain Domain-Based NFT Platform

indie
3 minutes

US, Jul 20, 2021 - (ACN Newswire via SEAPRWire.com) - NexWEB Technologies, delivering technology innovation since 2012, is pushing into the decentralized and distributed web space by utilizing the Butterfly Protocol, the premiere community-driven blockchain domain provider. Building upon the open-source toolset that Butterfly provides, NexWEB will create additional tools to enable NFT (non-fungible token) marketplaces to be developed and deployed quickly.The Butterfly Protocol is the world's leading community-driven blockchain domain provider. It allows anyone to sponsor a blockchain top-level domain (bTLD) for use by the community or private use by using BFLY tokens to create the bTLD. Sponsors can acquire BFLY tokens via several DEFI exchanges, including the Uniswap platform. Once BFLY are used to sponsor a bTLD, they are burned and removed from the finite supply.Eddie Quiroz, Founder of NexWEB, stated that, "The world of the decentralized and distributed web has reached the tipping point of use as decentralized finance and markets around digital assets drive growth. The Butterfly Protocol provides NexWEB with a baseline for using a naming system that replaces traditional DNS for...

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Plato Data and Butterfly Protocol Leaders Announce Partnership to Leverage Plato’s W3 Blockchain and Integrated Data Environment

indie
3 minutes

US, Jul 14, 2021 - (ACN Newswire via SEAPRWire.com) - Plato Technologies Inc., the provider of the industry-leading blockchain intelligence platform Plato, will offer the newly created W3 Protocol & Blockchain Registry using the Butterfly Protocol. Butterfly is a premiere creation platform for new blockchain top-level domains and offers tools to build out domains for the decentralized internet and Web 3.0.The partnership has created a separate operating entity PlatoW3, Inc. to facilitate the governance, financing and operations of the initiative. W3 Domains will be offered exclusively through Plato to seamlessly interact with the secured data Plato generates. In addition, Plato will offer integrated packages that include data access, dApp hosting, decentralized web-spaces and mesh networks. Blockchain domains are rapidly gaining acceptance as the world moves toward Web 3.0 with a growing decentralized internet and distributed computing environment. Advances in technologies like 5G, satellite-provided internet, and edge computing are changing the way data is delivered. In addition, file storage is improving with hybrid cloud and local nodes providing a more robust infrastructure...

SeaPRwire
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Punk Protocol Announces Its Testnet Launching on Kovan Network

pandora
2 minutes

San Francisco, CA / SEAPRWire / June 04, 2021 / - Punk Protocol, a decentralized annuity protocol, announced its testnet launch on Kovan network on Friday, May 28th. Punk Protocol is the world's first DeFi 401k (a representative pension plan from the United States) with optimal strategies to generate high yield. According to the OECD's report - PENSION MARKETS IN FOCUS 2020, assets in retirement savings plans have exceeded $50 trillion(USD) in 2019. The Total Value Locked in DeFi market reached over $157 billion(USD) in May 2021 (source provided - DefiLlama). With over 4,000 cryptocurrencies ushering in the explosive wave, there was no such product as decentralized pension or annuity until Punk Protocol is introduced. Punk protocol is operated by a decentralized autonomous organization(DAO) and signifies the following features: community-led and voting-driven. The protocol is redesigned with a pension-generating format, laying its foundation on vault services. The vault includes services such as Yearn Finance or Harvest Finance. In order to establish a pension-generating structure, Punk protocol utilizes high-yield producing strategies with automated investments to multiple DeFi pr...

ACN Newswire
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Duet Protocol closes first-round funding at US$3 million

indie
3 minutes

SINGAPORE, May 12, 2021 - (ACN Newswire via SEAPRWire.com) - On 9th May 2021, Duet Protocol announced the closure of US$3 million in the first round of investment. Duet identifies itself as the world's first multi-chain synthetic asset protocol with a hybrid mechanism of over-collateralization and algorithm stabilization.The first-round investment was led by OmniLAB, DraperDragon, Everest Ventures Group, One Block Capital, Moonwhale Ventures, Dutch Crypto Investors, LD Capital, Zonff Partners, Cabin VC, ArkStream Capital, individual investors include cofounder of BIT Digital Inc (NASDAQ: BTBT) and the partners of A&T Capital.OmniLAB is the investment fund that backed the world's first stablecoin (on OmniLayer) circulation specification for Lightning Network. DraperDragon Innovation Fund is a core member of Draper Venture Network and mainly focuses on investing in US-China cross-border startups.The second round of investment and regional partners around the globe will be announced by Duet in the coming days.Synthetic assets paradigm path selectionThe Crypto market is a high-speed self-evolving dynamic ecosystem in which DeFi is pioneering massive adoption and mechanism innovatio...

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Butterfly Protocol Announces New Program to Allow Full Blockchain Top-Level Domain Sponsorship and Control

indie
3 minutes

Saint Kitts and Nevis, May 7, 2021 - (ACN Newswire via SEAPRWire.com) - Butterfly Protocol (www.butterflyprotocol.io), the blockchain-based web naming system built for the decentralized internet, today announced that it is opening up additional sponsorship options for top-level domains (TLDs), allowing anyone to create and totally control their own decentralized, token-powered ecosystem. This move compliments the original sponsorship option where TLDs can be sponsored and are controlled by the common governance contract.The movement to a decentralized web has been accelerating recently due to highly visible censoring such as Facebook's ban on allowing Donald Trump access to posting, the takedown of the Parler social media app and the continuing restrictions on free speech by authoritarian governments. Blockchain domain systems such as Unstoppable Domains, Handshake and ENS have been paving the way for making the decentralized and distributed web accessible and Butterfly is taking that access to a new level.As opposed to the existing platforms, Butterfly allows for the sponsorship of practically any TLD. Rather than being stuck in the confines of .crypto or .eth as TLDs, sponsors ca...

SeaPRwire

Insider Protocol Goes to Binance Launchpad with Hedge Funds Partnerships

pandora
4 minutes

New York City, NY / SEAPRWire.com / April 22, 2021 / Recently, Insider Protocol has announced that they go to Binance Launchpad with Hedge funds partnerships. The Insider Protocol project is developing very rapidly with their unique ecosystem modules. Now, the team has unveiled more core technical details about the cross-chain itself. The project's entire ecosystem is rigged on the main index - the IPRO token. However, there are a lot of very important elements for the crypto community in addition to it. This is the speed of transaction confirmation and the commission paid by the user for this operation. It isn't a secret that at the time this article was published, the cost of gas to pay for ETH transactions is huge and amounts to about $90, and in some cases more than $100. With such huge fees for many users, the commission very often exceeds the size of the transfer itself... As a result, people must wait until the commission becomes less or completely abandon the transfer and look for alternative ways. This is terrible and totally unacceptable in the current matter of time. The project has achieved amazing results for several years of hard work, solving these and other very imp...

SeaPRwire
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FIREDAO Launches a New DeFi Protocol for Financial Independence

pandora
6 minutes

Seoul, South Korea - Recently, FIREDAO, a famous community-run platform in crypto industry, has launched a new DeFi protocol for financial independence. WallStreetbets movement's recent squeeze on Wall Street and the following response by stock trading apps proved that the current financial infrastructure serves much better the privileged financial establishment rather than retail investors, who need a new system, which would be inclusive, fair and will not discriminate users by age, nationality or starting capital. It should be a system that values equal access, investor rights and cannot be shut down by greedy corporations. It also should be a system which guarantees financial freedom. The idea of financial freedom has always been an inspiration for many people but in reality less than 1% of Americans retire before age 50. Achieving financial independence from a typical 9-to-5 job and having an opportunity to work optionally is the main idea behind the "FIRE" movement (stands for "Financial Independence; Retire Early"), which attracted millions of followers around the world. In their online communities FIRE adherents tell their success stories, support each other and share practi...

ACN Newswire
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Blockpass Provides Powerful On-chain KYC(TM) Utility for EasyFi DeFi Lending Platform

indie
5 minutes

HONG KONG, Jan 28, 2021 - (ACN Newswire) - Blockpass, the pioneer of On-chain KYC(TM), is proud to announce a groundbreaking partnership with EasyFi Network - a scalable, open and inclusive Layer 2 DeFi lending protocol for digital assets, built on Matic Network. The partnership features a powerful use case for on-chain KYC data via a network consisting of Blockpass, Chainlink, Matic and EasyFi, enabling the realization of decentralized and compliant lending and borrowing of digital assets over public networks.EasyFi is a protocol built to solve some of the inherent challenges faced by the first generation of DeFi solutions with respect to transaction speeds and costs which create a bottleneck when operating at scale. Its secure protocol aims to cover all manner of bases, including micro-lending, under-collateralized loans, credit delegation, credit default swaps and more. Enabling lower cost transactions, a deeper liquidity pool and real-world integrations, EasyFi hopes to be the catalyst for the mass adoption of DeFi.Blockpass is a digital identity verification provider which offers a one-click compliance gateway to financial services and other regulated industries. Through Block...

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Fractal, Kilt Protocol and Polkadex Collaborate to Provide Decentralized Kyc Solution for Exchange

indie
4 minutes

Berlin, Germany and Tallinn, Estonia, Jan 28, 2021 - (ACN Newswire) - Fractal, KILT Protocol and Polkadex today announced a partnership to create a decentralized KYC system for exchange customers. Polkadex and Fractal will use the KILT Protocol as the underlying infrastructure for managing the KYC credentials required by Polkadex, to simplify and streamline the onboarding experience.KILT Protocol will integrate Fractal's user-centric KYC/AML platform, which is built for compliance with global, regulated industries. BOTLabs GmbH (the company behind KILT Protocol) will provide a wallet as a browser extension for customers to hold their credentials, and make the wallet available to Polkadex for verification. Fractal and Polkadex will integrate KILT's SDK to build out the platform.The onboarding flow will be as follows:- Fractal will automatically issue KILT-Credentials to Fractal's current user base of 140,000 users who have previously KYC'd - Polkadex will ask new users for credentials- If the user has no credentials, they are directed to download and set up KILT's wallet- If a user is not verified, Fractal guides them through identity verification and attests the KYC credentials whe...

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Blockpass Supports Permissionless DeFi Protocol UniLend Fundraiser with KYC & AML Screening

indie
4 minutes

HONG KONG, Nov 24, 2020 - (ACN Newswire) - Blockpass today announced a successful working partnership with UniLend, the decentralised finance (DeFi) platform. UniLend recently conducted a successful fundraiser, with Blockpass providing the requisite KYC and AML provision in order to meet regulatory compliance. By handling the compliance measures, the UniLend team were able to focus their efforts on the actual fundraising process.UniLend is a permissionless decentralized protocol that combines spot trading services and money markets with lending and services through smart contracts. The integrated smart contract for both features of the protocol allows both trading & DeFi capabilities to co-exist within the same protocol, solving the liquidity and liquidation issue which has been limiting the growth of DeFi adoption to a broader market.Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. From the Blockpass Mobile App, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated ind...

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Blockpass Provides eKYC Services for Base Protocol as Private Pre-Sale Launches

indie
5 minutes

HONG KONG, Nov 16, 2020 - (ACN Newswire) - Today, Blockpass has revealed its latest partner in the form of Base Protocol, a synthetic crypto asset that derives its price from the total market cap of all cryptocurrencies. Blockpass will be providing eKYC services to Base Protocol, which is currently preparing to launch its private BASE token pre-sale.Described at the 'S&P 500 for crypto', Base Protocol acts as a one-stop trading instrument which allows holders to speculate on all cryptocurrencies simultaneously, rather than just one or a select portfolio of multiple. It allows traders to agnostically invest in the entire crypto ecosystem. Although this is its primary function, BASE tokens can also be used for other means, such as a safe transitory currency when trading between other cryptocurrencies with volatile prices, a price reference for all cryptocurrencies, or as a lending instrument to hedge on leveraged crypto trading.Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. From the Blockpass Mobile App, users can create, store, and manage a data-secure digital identity that...