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Why Is HedgeUp (HDUP) Predicted to Replace Polygon (MATIC)?

By
TI Partners
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0

With the increasing demand for decentralized finance (DeFi) solutions, many projects have emerged as viable alternatives to current protocols.

One project that has recently gained attention is HedgeUp (HDUP), a new protocol predicted by some experts to have the ability to replace Polygon (MATIC) in price.

HedgeUp (HDUP) may be the next big player in DeFi, given its potential. So what makes HDUP unique compared to other projects? And can it deliver on its ambitious goals?

Polygon (MATIC) – the facts

Polygon (MATIC) was designed to provide faster, cheaper, and more efficient transactions than its more established competitors. By leveraging the latest blockchain technology, Polygon (MATIC) gained traction as a platform ideal for developers and cryptocurrency enthusiasts.

One of the key advantages of the network is its ability to support various decentralized applications, providing users with a wide range of options for more sophisticated cryptocurrency interactions.

Additionally, Polygon (MATIC) has made significant strides in the ever-evolving world of NFTs, allowing creators to mint non-fungible tokens at a lower cost than other similar networks.

So, what’s the problem?

The main issue is outages. Polygon (MATIC) has gone down multiple times in the last year. On one occasion, it didn’t create a new block for nearly 12 hours. While this isn’t quite as bad as what Solana users have had to deal with, it’s pretty horrid compared to other blockchains.

Next, it’s not great to use. It can be slow and clunky. Users want a seamless experience that Polygon (MATIC) has failed to deliver on a consistent basis.

Lastly, the competition is too steep. Solana has the NFT throne, while Layer 2 solutions like Arbitrum and Optimism are proliferating and poised to dominate the landscape.

While Polygon (MATIC) is a top 10 coin with a market cap of nearly $9 billion, that number is unlikely to hold come the next bull run. Too many projects are doing amazing things for people to hold tokens belonging to outdated and slow protocols.

The answer – HedgeUp (HDUP)

What is HedgeUp (HDUP), and why can it surpass Polygon (MATIC) as a top token?

DeFI is growing in popularity. With the collapse of many centralized projects, users are moving into this previously unexplored ecosystem. HedgeUp (HDUP) is the right project at the right time. It lives on Ethereum, the biggest DeFI chain with plenty of users and liquidity.

It has put together a platform that allows users to invest in physical products — known in the TradFi world as alternative investments. This includes gold, wine, and even watches.

All DeFi platforms offer some sort of tokenomics, and HedgeUp (HDUP) will be one of the best in the game. They will provide deep liquidity on-chain, allowing users to reap the rewards of both token growth and extra yields through farming.

Conclusion

The bottom line is that HedgeUp (HDUP) can potentially replace Polygon (MATIC).

It provides users with a platform for DeFi investments, deep liquidity on-chain, and access to alternative investment products. The Ethereum blockchain offers greater access to investors than Polygon (MATIC) and greater reliability regarding network outages.

With these features in mind, HedgeUp (HDUP) could very well be the next big player in decentralized finance and displace Polygon (MATIC) as one of the leading platforms.

Find out more about the HedgeUp (HDUP) presale here:

  • Website: https://hedgeup.io/
  • Presale: https://app.hedgeup.io/sign-up
  • Telegram: https://t.me/HedgeUpChat
  • Twitter: https://twitter.com/HedgeUpOfficial

Banks’ New Nature of Risk – And the Mild Poison Pill of Mobile Banking

By
Ndubuisi Ekekwe
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1

Head of Risk Management: What is the biggest risk for your bank right now over there in Lagos? Yes, the typical ones remain, including fraud, asset quality, defaults, etc. But add this one: ease of fund withdrawal using apps.

In the last few weeks, three banks have collapsed in the United States, not because they were really bad banks, but because depositors panicked, and moved money out of them at scale. What happened to them would not have materialized 20 years ago when our phones were not bank branches. But today, the game has changed. Indeed, the frictions banks have worked to fix, improving customer experiences, are now some of the weakest links in banking risk management. This is a mild poison pill; you built it, and now, it is a problem, especially for smaller banks.  The mean time to react over bad press or panic is shorter!

First Republic Bank in the United States collapsed after customers withdrew billions of dollars in weeks.

The bank’s earnings report revealed it had lost $100 billion in deposits in the first quarter (Q1) of 2023. This was fueled in part by panic among clients of regional banks due to the failures of SVB and Signature Bank. First Republic’s quarter-over-quarter deposits had dropped by more than 40 percent to $104.5 billion.

Simply, if you mess up, depositors can panic and move cash out using their phones before  you realize what is happening. Unlike in the past where you could deploy fewer tellers to manage the withdrawals, if you try to clamp on the app-based withdrawal, you will even trigger more panic.

Nothing to regret because that pill was necessary and it has a mild effect. But you need to be alert all the time even as you improve your risk management model. But the message is clear: banks can easily collapse these days than in the past as information asymmetry has been largely removed, making it possible to know what is happening – and with branches in pockets, risk managers cannot sleep.

How Innovation Can Ensure Socioeconomic Rights and Justice for Nigerian Workers

By
Mutiu Iyanda
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0

On May 1 every year, the labour day is marked all over the world with fun and fanfare. So as it is done every year, so it was done yesterday being the day for this year’s Workers’ Day celebration. Obviously, Monday 1 2023 marked another important day for workers across the world, including Nigeria. As it is said every year, the day is a time to celebrate the contributions of workers to the development of societies and to reflect on the challenges they face in their daily lives. Thus, from Anambra to Lagos, Borno to Zamfara, all workers in the country rolled out the drums to celebrate their day with marches, drums and fun-fare. But, today, the day after, should give us a cause to really reflect beyond the dance and the music.

Luckily, the theme of this year’s celebration dwelled on workers’ rights and socioeconomic justice. It could be said that the theme was well intentioned especially at a point that one of the major challenges facing workers in Nigeria is the lack of rights and socioeconomic justice. The Nigerian labour market is characterized by informality, low wages, and poor working conditions. Many workers do not have access to social protection or are not covered by labour laws. As a result, they are vulnerable to exploitation and abuse. To make the matter worse, the COVID-19 pandemic has exacerbated these challenges, with many workers losing their jobs or struggling to make ends meet.

Yet. it is tempting to argue that minimum wage has recently been increased and that it should give the workers enough economic muscle to procure their needs. Still, the rising inflation, the skyrocketing prices of food and the poor value of the Naira have conspired to make life more nightmarish for an average Nigerian worker. If low productivity caused by lack of training, ineffective leadership and employees’ dissatisfaction is thrown into the mix, it is easy to conclude that it would be difficult to attain the focus areas of this year’s theme.

However, innovation and enterprise can be used to address these challenges and create a better future for workers in the country. To address these challenges, innovation and enterprise can be used to create new opportunities for workers in Nigeria. For example, digital platforms can be used to connect workers with employers, creating new job opportunities and improving working conditions. These platforms can also be used to provide training and support to workers, helping them to develop new skills, improve their employability and increase their level of productivity.

In addition, social enterprises can be used to create new opportunities for workers in Nigeria. Social enterprises are businesses that have a social mission, such as creating employment opportunities for marginalized groups. These enterprises can provide training and support to workers, helping them to develop new skills and access better job opportunities. They can also create new products and services that address the needs of workers in Nigeria, such as affordable housing or healthcare.

Another way to use innovation and enterprise to achieve workers’ rights and socioeconomic justice in Nigeria is through the use of technology. Technology can be used to create new opportunities for workers, such as remote work or online education. It can also be used to improve working conditions, such as through the use of automation or robotics in hazardous jobs.

However, it is important to note that innovation and enterprise alone cannot solve the challenges facing workers in Nigeria. There is a need for policy reforms and the implementation of labour laws that protect workers’ rights and promote socioeconomic justice. This includes ensuring that workers have access to social protection, such as healthcare and pensions, and that they are paid a living wage.

It is also incumbent on government and other employers of labour in Nigeria to skill and re-skill their employees leveraging on the expertise and training infrastructure made available by innovation centres to ensure that the employees are brought to speed on the latest tools, trends and knowledge that could impact on their productivity.

In conclusion, innovation and enterprise can be used to achieve workers’ rights and socioeconomic justice in Nigeria. Digital platforms, social enterprises, and technology can create new opportunities for workers and improve their working conditions. However, policy reforms and the implementation of labour laws are also necessary to protect workers’ rights and promote socioeconomic justice.

Addendum: This piece is written from a conversation our analyst had with Dr. Rasheed Adebiyi, the Head, Branding & Strategic Communication, Opolo Global Innovation Limited, on how innovation could be the game changer for overhauling perennial labour issues and needs in Nigeria.

Our Apologies for the Everywhere Adverts This Morning

By
Ndubuisi Ekekwe
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0

This morning, Google activated an auto-ad system for tekedia.com. It did so without our approval in its Adsense ecosystem. I am writing to apologize if you were overwhelmed with those distractions when you tried to use our platform. Whatever you saw was not by design, from us.

We have deactivated it, and we do hope Google does not repeat that again.  We enjoy space by design, and will keep Tekedia free of mindless advertisements where every space is fitted with ads by AI systems. Please return to tekedia.com; the ads are gone!

(Of course, we thank Google for its support. Yet, we do not buy into this AI auto-activation)

Altcoins to Hold to 2023: HedgeUp, Dogecoins and Cardano

By
TI Partners
-
0

As the cryptocurrency market continues to evolve, investors are always on the lookout for the next big thing. While Bitcoin remains the dominant player, a new generation of promising altcoins is emerging, offering unique opportunities for growth and diversification. In this article, we’ll discuss three altcoins that should be on every investor’s radar for 2023: HedgeUp (HDUP), Dogecoin (DOGE), and Cardano (ADA).

HedgeUp (HDUP): A DeFi Platform for Alternative Assets

HedgeUp (HDUP) is an innovative project providing the first asset-backed decentralized finance (DeFi) platform for alternative assets. HedgeUp’s (HDUP) platform allows users to hedge against market volatility and provides access to alternative investments typically unavailable to retail investors. As the DeFi market continues to expand, HedgeUp (HDUP) has the potential to become a major player in this rapidly growing sector.

The HedgeUp (HDUP) presale has already attracted significant attention, with many investors eager to get in on the ground floor. The project’s innovative approach and potential for high returns make it an attractive option for long-term investors looking for exposure to the DeFi space.

Dogecoin (DOGE): The Meme Coin That Keeps on Giving

Dogecoin (DOGE) started as a joke, but it has evolved into a widely recognized and highly valued cryptocurrency. With its fun, lighthearted image and an enthusiastic community of supporters, Dogecoin (DOGE) has consistently defied expectations and demonstrated remarkable staying power.

Although Dogecoin’s price can be volatile, its growing acceptance as a form of payment and its enthusiastic community make it an interesting long-term investment. As more businesses and individuals embrace Dogecoin (DOGE) for transactions, its utility and value could continue to rise.

Cardano (ADA): A Third-Generation Blockchain Platform

Cardano (ADA) is a third-generation blockchain platform that seeks to address the scalability, sustainability, and security issues faced by first- and second-generation blockchains like Bitcoin and Ethereum. With a strong focus on research and development, Cardano (ADA) has built a robust and scalable infrastructure capable of supporting various applications, including smart contracts and decentralized applications (dApps).

The Cardano ecosystem is growing rapidly, and its native currency, ADA, has consistently ranked among the top cryptocurrencies by market capitalization. Cardano’s commitment to innovation and its potential to revolutionize the blockchain space make it an attractive long-term investment.

Conclusion: Diversification Is Key

When considering which altcoins to hold for the long term, it’s essential to diversify your portfolio to minimize risk and maximize potential returns. HedgeUp (HDUP), Dogecoin, and Cardano each offer unique opportunities for growth, making them attractive options for investors looking to capitalize on the expanding cryptocurrency market.

HedgeUp’s (HDUP) innovative DeFi platform for alternative assets, Dogecoin’s (DOGE) widespread recognition and growing utility, and Cardano’s (ADA) advanced blockchain infrastructure all suggest that these altcoins could deliver significant returns in the years to come. By keeping an eye on these promising projects and adjusting your investment strategy accordingly, you can position yourself for success in the ever-evolving world of cryptocurrency.

For more information about HedgeUp (HDUP)

Website: https://hedgeup.io/

Presale: https://app.hedgeup.io/sign-up

Telegram: https://t.me/HedgeUpChat

Twitter: https://twitter.com/HedgeUpOfficial

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