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Real World Asset Market Goes Live, Uses Centrifuge and Aave Protocol
Real World Asset (RWA), the network built under Centrifuge and Aave Protocol technology, goes live. This made RWA the first diversified real-world asset market on the Aave Protocol.
In addition, the RWA Market is launching with seven pools and is already allowing liquidity providers to deposit USDC. All this is made possible using the blockchain of the Aave Protocol that enables the creation of a market where people can borrow tokens by depositing collateral. The interest rates will depend on the utilization of the market.
Stani Kulechov, Founder & CEO of the Aave Companies explained,
The RWA Market changes the landscape of what is possible not only for protocols such as Aave, but across DeFi as a whole. Creating various entry points into DeFi, making it more accessible, is a driving force of the Aave Companies’ vision, and we are excited to see Centrifuge push this further through the collateralization of real-world assets. Read More
How Businesses Can Evolve Using Blockchain Technology In 2022
Traditional businesses have numerous loopholes that affect daily operations while also draining money. For instance, business owners have had experiences whereby they generate colossal revenue by serving a ton of clients and end up with little in their bank accounts.
While this may seem normal in the business world, it isn’t. Due to procedural deficiencies, third-party fees, and human errors, these business owners are losing money. Of course, a company that can eliminate these problems stands a better chance of staying afloat for an extended period, but how possible can this be?
By adopting blockchain technology, organizations can plug loopholes affecting traditional businesses and make their processes faster, cost-effective and efficient. Going forward, we will explore how blockchain can help businesses evolve in the coming year. Read More
Three blockchains, one circulating supply: DeFi project thinks big
A decentralized finance (DeFi) project claims it has become the first to upgrade protocols and launch on three blockchains at the same time.
EverRise offers a suite of security solutions that are all integrated through their bridge between blockchains — enabling assets to move freely and speedily from one network to another while also bringing an entire ecosystem across multiple chains.
It now has a presence on Ethereum (ETH), Binance Smart Chain (BSC), and Polygon (MATIC), and all three share one token with a single circulating supply.
The blockchain services company has invented a collection of decentralized applications (DApps) too. EverOwn enables projects to achieve decentralization and security by locking up their smart contract, meaning changes can only be made with a weighted community vote. Meanwhile, EverBridge facilitates cross-chain transfers around 15 seconds, eliminating fragmentation. In addition, EverBridge features a novel lock and unlock mechanism for their cross-chain transfers that provides security by removing the need for a mint and burn function for bridging, and the tech for these fast transfer speeds. Read More
Why 2022 Could Be The Best Year For Cardano, Top Bullish Predictions
Cardano (ADA) experienced a major downtrend in the past months as the crypto market took another swing for the lows. The sixth cryptocurrency by market cap has seen a year in the green as it managed to complete several upgrades on its mainnet.
First, Cardano successfully transitioned to a Proof-of-Stake consensus in 2020, shortly after the D parameter reached “0” signaling the full decentralization of block production. The network went from a federate consensus to a community-based consensus as the latter control most stake pools producing blocks on the network.
Later, the start of a new era with the first of 3 major Hard Fork Combinator (HFC) events with the implementation of “Allegra”, followed by “Mary”. These upgrades brought new capabilities to the Cardano mainnet which were completed with “Alonzo” that introduced smart contract capabilities into the blockchain.
This ecosystem has already seen a surge in projects, as developers and users rush in to build and leverage the benefits of its UTXO model. In that sense, community member ADA Whale shared his top predictions that could boost another rally for the underlying cryptocurrency of the Cardano network. Read More
Wallet in final draft mode
Staking the Markethive Way
Staying One Step Ahead
Markethive started out as a sophisticated inbound marketing platform with a social media interface harvesting a robust collaborative culture. The entrepreneurs of the Markethive community have been using the free system and tools, promoting their businesses, and branding themselves across the internet with much success.
With the advent of Blockchain technologies, Markethive set its path on an unprecedented journey of combining marketing, social media, digital broadcasting, e-commerce, gamification, etc., with cryptocurrency and decentralized Blockchain, distributed ledger technology. An ongoing project of massive proportion to deliver sovereignty, financial and self, and freedom of self-expression for all equitably, without bias.
Markethive is a Vision from the Divine Source. Its mission is to fill the vacuum for the world's entrepreneurs - To empower and enrich the lives of every individual on every level across the globe. And the timing couldn’t be more perfect as we witness the soul-less destruction, tyranny, and surveillance of humanity gift wrapped and delivered to us as protection and for our own good.
We are building an ecosystem, and there’s an absolute need and use for our coin (HVC) for everything we do; therefore, the potential for the open market to accept and embrace HiveCoin is very promising. Read More
Plutus: ADALend’s Decentralized Application Backend
Plutus Application Backend (PAB) provides developers with a quick way to create decentralized financial applications. Plutus will make it easy to focus on the frontend and business logic of your application. By taking care of the backend infrastructure, Plutus frees up developers’ time to focus on application development. This is possible thanks to the features of Plutus Core which provide the building blocks for decentralized applications.
Plutus, a platform that provides a native smart contract language as well as the infrastructure and tools required to implement smart contracts on Cardano, was launched with the Alonzo protocol upgrade. The Plutus platform enables developers to create decentralized apps (DApps) that interact with distributed ledgers via scripting capabilities. Read More
Polygon upgrade quietly fixes bug that put $24B of MATIC at risk
“Considering how much was at stake, I believe our team has made the best decisions possible given the circumstances,” said Polygon co-founder Jaynti Kanani.
Ethereum-based layer-two scaling network Polygon has quietly fixed a vulnerability that put almost $24 billion worth of its native token, MATIC, at risk.
According to a Wednesday blog post from Polygon, the “critical” vulnerability in the network’s proof-of-stake Genesis contract was first highlighted by two whitehat hackers on Dec. 3 and Dec. 4 via blockchain security and bug bounty hosting platform Immunefi.
The vulnerability put more than 9.27 billion MATIC at risk that is valued at around $23.6 billion at the time of writing, with the figure representing the vast majority of the token’s total supply of 10 billion. Read More
Token addresses rising prices following the pandemic
As inflation spikes from 2% to nearly 5% this year, the population turns to solutions in decentralized finance.
Consumer prices are now rising faster than they have in years, a concept known as inflation. Today, prices have already climbed more than 6% in the last year, an increase that is so great, numbers like this haven’t been noted since 1990. Over the last ten years, inflation has typically stayed under 2% per year. However, recent data has shown that this year the number is closer to 5%, with the population noting increases in what they have been paying for energy, shelter, used vehicles, and food.
The federal government operates to keep this growth stable, only now letting everyone know that it is the time to expect higher inflation as a direct product of industries trying to get back to normal. But, while this pressure is said to pave the way for more consistent growth later, many have found this to be otherwise with assumptions this will continue long into the future. In conjunction with this, many Fed officials have already admitted that inflation will last much longer than expected.
GOMA token aims to change this bleak outlook with a utility-focused community and technology to help society maintain its financial wellbeing. Introducing the team’s hyperdeflationary decentralized finance (DeFi) token will offer its holders opportunities to maintain their wealth, even building on it with staking and yield farming. With these provisions, the team behind the GOMA token believes they can address these periods of inflation that wipe out a person’s wealth. Read More
OpenSea Freezes Stolen Bored Apes, Sees Backlash for Lack of Decentralization
Following an apparent phishing attack, OpenSea has frozen 16 Bored Ape and Mutant Ape nonfungible tokens (NFT) owned by New York-based art curator and NFT collector Todd Kramer a.k.a. Toddkramer.eth.
Kramer reported on Twitter that his collection of Bored Ape Yacht Club NFTs worth $1.9 million was "hacked" and stolen.
According to several reports, one Clonex, seven Mutant Ape Yacht Club, and eight Bored Ape Yacht Club NFTs currently valued at about 615 ETH ($2.28 million) were stolen and are now not able to be traded on OpenSea.
Kramer announced on Twitter that he had clicked on a link that appeared to be an NFT decentralized application, but it turned out to be a phishing attack and 16 of his NFTs were stolen after the hackers gained access to his hot wallet. “I been hacked, all my apes gone,” he Tweeted. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
