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Binance Labs Invest $10 Million in Helio Protocol to boost LSDfi Revolution

By
Paul Ugbede Godwin
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0

Binance Labs, the venture arm of the leading cryptocurrency exchange Binance, has announced a $10 million investment in Helio Protocol, a decentralized platform that aims to revolutionize the lending, borrowing and saving markets in the crypto space. Helio Protocol is built on top of Binance Smart Chain (BSC), a fast and low-cost blockchain that supports smart contracts and interoperability with other chains. Helio leverages BSC’s scalability and security to offer users a seamless and user-friendly experience for accessing various DeFi services.

LSDfi is a novel protocol that aims to improve the scalability and security of decentralized finance (DeFi) applications. DeFi is a fast-growing sector of the blockchain industry that allows users to access various financial services such as lending, borrowing, trading, and investing without intermediaries. However, DeFi also faces some challenges, such as high transaction fees, low throughput, and vulnerability to attacks.

LSDfi addresses these challenges by combining two innovative technologies: layer-2 scaling and zero-knowledge proofs. Layer-2 scaling refers to solutions that process transactions off the main blockchain, thus reducing congestion and increasing speed. Zero-knowledge proofs are cryptographic techniques that allow users to prove the validity of their transactions without revealing any sensitive information.

LSDfi uses a specific type of layer-2 scaling called optimistic rollups, which aggregate multiple transactions into a single batch and submit it to the main blockchain. The batch is assumed to be valid unless someone challenges it within a certain time period. This way, LSDfi can achieve high throughput and low fees while maintaining compatibility with existing DeFi protocols.

LSDfi also uses a specific type of zero-knowledge proof called zk-SNARKs, which stand for zero-knowledge succinct non-interactive arguments of knowledge. zk-SNARKs allow users to prove that their transactions are correct and comply with the rules of the DeFi protocol without revealing any details. This way, LSDfi can enhance the privacy and security of DeFi users and prevent fraud and manipulation.

LSDfi is designed to be a general-purpose protocol that can support any DeFi application. LSDfi provides a set of smart contracts that implement the core functionality of layer-2 scaling and zero-knowledge proofs, as well as a user-friendly interface that allows users to interact with DeFi protocols seamlessly. LSDfi also offers a developer toolkit that enables developers to build and deploy their own DeFi applications on top of LSDfi.

One of the key features of Helio Protocol is its innovative approach to liquidity mining, dubbed LSDfi (Liquidity-Supply-Demand-Farming). LSDfi is a novel mechanism that dynamically adjusts the rewards for liquidity providers and borrowers based on the supply and demand of each asset. This way, Helio ensures that the liquidity pools are always balanced and efficient, while also incentivizing users to participate in the protocol.

Another feature of Helio Protocol is its integration with Binance Bridge, a service that allows users to swap tokens across different blockchains. With Binance Bridge, Helio users can access a wide range of assets from various chains, such as Bitcoin, Ethereum, Polygon, Avalanche and more. This enhances the liquidity and diversity of the Helio ecosystem, as well as the cross-chain composability of DeFi applications.

Binance Labs’ investment in Helio Protocol is part of its $100 million fund dedicated to supporting projects on BSC. Binance Labs aims to foster innovation and adoption of blockchain technology, especially in the DeFi sector, which has seen explosive growth in the past year.

Yi He, Head of Binance Labs, said: “We are excited to back Helio Protocol as one of the most promising projects on BSC. Helio has a strong team with a clear vision and execution plan to bring DeFi to the masses. We believe that Helio’s LSDfi mechanism will create a more sustainable and efficient DeFi market, while also attracting more users and assets to the BSC ecosystem.”

Co-founder and CEO of Helio Protocol said: “We are honored and grateful to receive the support from Binance Labs, which is a testament to our team’s hard work and dedication. With this investment, we will be able to accelerate our development and launch our platform to the public soon. Our goal is to make DeFi accessible and enjoyable for everyone, and we look forward to working with Binance Labs and other partners to achieve this vision.”

LSDfi is a game-changer for the DeFi industry, as it offers a scalable, secure, and private solution that can unlock the full potential of decentralized finance. LSDfi is currently under development and will launch soon. Stay tuned for more updates and join our community to learn more about LSDfi.

X (Twitter) to Introduce Video Call Feature Soon – CEO Linda Yaccarino Confirms

By
Ojukwu Emmanuel
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0

Microblogging platform X, formerly known as Twitter, has announced plans to introduce a video call feature on the app soon.

This was confirmed by X CEO, Linda Yaccarino, who during a recent interview said that soon, users on the platform will be able to make video chat calls without having to give their phone number to anyone on the platform.

In her words

“You look at video and soon you will be able to make video chat calls without having to give your phone number to anyone on the platform”.

The video call feature is poised to redefine social interactions, enabling users to engage face-to-face without divulging their confidential details to strangers.

However, Yaccarino did not give much detail on when the video call feature will be rolled out. It remains unclear if video calls on X would be limited to only users who have blue subscribers, or would be made available to all users.

There are speculations that only Blue Subscribers might likely be the only ones to access the feature because several newly rolled-out features on the platform are only available to subscribed users, which is also a way Elon Musk intends to drive more subscription rates.

The addition of a video call feature on the social networking platform, is another significant step taken by Musk, as he is on a mission to turn X into an “everything app”. 

The announcement came as a revelation to the online community and technology enthusiasts alike, as X continues to expand its offerings.

Like video calls, many new features have only been proposed and have not yet launched on X, or are in beta with certain users. New additions to the platform since Elon Musk took over Twitter last year include creator subscriptions, posts that can be up to 25,000 characters, a Substack-like Articles tool, and the ability to upload long-form videos.

Online financial tools is another major aspect of X’s transformation into everything app. Recently, the company started looking for collaborators to develop a stock-trading hub, similar to Robinhood, within the app.

It also plans to become a digital wallet or online banking service, similar to the super-app WeChat, where people will be able to use X to send and receive payments, either to content creators on the site or outside third parties.

During the interview, Yaccarino also highlighted the company’s plans to enable payments between users, friends, and creators.

She said,

“The rebrand represented really a liberation from Twitter. A liberation that allowed us to evolve past a legacy mindset and thinking. And to reimagine how everyone, how everyone on Spaces who’s listening, everybody who’s watching around the world. It’s going to change how we congregate, how We entertain, how we transact all in one platform.”

Elon Musk’s recent rebranding of Twitter as X is a step toward his goal of developing an “everything app.” Musk’s vision is for X to mark the spot for all user’s digital needs, from chatting with friends to ordering groceries, watching videos, and managing their finances, all on one platform.

Essentially, X wants to be a fusion of many apps used by individuals, such as WhatsApp, Pay Pal, and Instagram, amongst others. The intended goal of X is to simplify daily tasks by saving users the time and effort needed to use multiple platforms.

Through partnerships with third-party servicers, X will create an ecosystem where users can switch between different tasks, without having to leave the app or install any others on their devices.

Crypto Whales and Shark Are Stacking Up Chainlink(LINK), Analysts Spot High Level of Whale Activity Around Pomerdoge (POMD)

By
TI Partners
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0

According to on-chain data, there has been increased whale activity on two top tokens in the crypto market – Chainlink (LINK) and Pomerdoge (POMD). Reports reveal that these whales have bought over 200 million Chainlink tokens. Retail investors are currently following suit in the buying trend as a price surge might be coming for Chainlink and Pomerdoge.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Chainlink (LINK) Developments Soars, Will LINK Follow?

Recent data provided by the market intelligence platform, Santiment, reveals that crypto whales and sharks are on a buying spree. They have accumulated over $192.2 million worth of Chainlink (LINK) tokens in less than four weeks.

This influx of whale activity has triggered a Chainlink price surge. Besides, it has broken the resistance around $7.35 on the 4-hour chart. According to CoinMarketCap, Chainlink is trading at $7.64 by press time with bullish gains on the weekly chart.

Currently, the bulls have been able to maintain their position above the $7.30 threshold and the 100-day SMA. In the case of a bullish price movement, Chainlink would face immediate resistance at the $7.95 territory.

A successful breach would pave the way for the $8.20 and $8.255 resistance levels. However, in the event that Chainlink’s price encounters difficulty, it could drop to the immediate support around the $7.50 mark.

Pomerdoge (POMD) Sees Increased Whale Activity

Just like Chainlink, whale investors are also going crazy on a new P2E token called Pomerdoge (POMD). This indicates a bullish sentiment and increased confidence in Pomerdoge’s unique value proposition and growth potential.

This surge in investor activity aligns with the popularity of Pomerdoge’s P2E game and NFT marketplace within the crypto community. As a result, the platform finds itself on the brink of widespread adoption. Subsequently, this could propel its utility token, POMD, on a promising upward trajectory.

Pomerdoge will operate as a play-to-earn (P2E) gaming and NFT platform, effectively combining two revolutionary blockchain concepts. Within this P2E framework, players can actively engage, compete, and earn rewards through thrilling games. Furthermore, the integrated marketplace will empower the community to mint and trade NFTs and game assets.

The project team will be releasing 7,777 NFTs for those who invest in the presale stage. Interestingly, Pomerdoge will have a marketplace called Pomerplace. The marketplace will expand its offerings to encompass a variety of other exclusive items, all available for purchase. Furthermore, Pomerdoge has shown a strong dedication to investment security.

The project’s safety is further substantiated by its successful audits conducted by Cyberscope and SolidProof. Pomerdoge’s utility token, POMD, is currently up for grabs at an attractive price of $0.008 per unit. This situation underscores a timely and appealing investment prospect for potential buyers.

Find out more about the Pomerdoge (POMD) Presale Today

Website: https://pomerdoge.com/ 

Telegram Community: https://t.me/pomerdoge 

Uwerx’s Resilience Shows As It Makes Recovery Moves After Successful Launch and Hack

By
TI Partners
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0

According to Forbes’ 2022 data, the freelance industry is growing on an exponential scale. At present, about 71% of top-level technocrats surmise that freelancers are becoming integral to varying industries, regardless of the global economic crackdown.

In the affirmative, the Uwerx development team has been dedicated to releasing great features on their platform as well as implementing better policies that aim to revolutionize freelancing, thereby attracting many to the ecosystem.

Nothing proves this claim more than its presale success and followership across social media platforms—over 2,000 followers on Twitter and 2,500 members on Telegram. However, a few days ago, the entire cryptocurrency industry was in disarray as Uwerx experienced a flash loan attack upon launch.

How did such a thing happen? And what measures have the project team inaugurated to control the high-scale damage? But first things first: Has Uwerx’s journey so far been worth it?

How Uwerx Stunned The World Amid Increasing Market Sentiments

If you have kept tabs on the crypto trends this year, you will notice a negative loop: price fluctuations and SEC’s unending tyranny. Yet Uwerx, despite being a nascent invention, remained on an upward trend.

Since the start of its presale, the Uwerx development team has been operating at an accelerated pace to follow through and exceed stakeholders’ expectations while meticulously embracing the project’s mission and vision.

On August 1, 2023, after the final presale, the Uwerx team announced their launch to the general public with a reference to their dedication to building a community-oriented platform.

Their first move was the deployment of liquidity on UniSwap, which has been locked for an extended period of 25 years as part of their unwavering commitment to ensure the liquidity pool remains stable and eliminates the risk of sudden liquidity drains or market hacks.

Also, a set of rules was brought to the fore by the project’s team to help govern the distribution and utilization of the token ranging from a 3% sell tax for sustainability and a 1% burn to increase the token’s value over time through deflation, and 2% marketing fee to increase visibility.

The Uwerx team is set to submit applications to CoinGecko and CoinMarketCap, which are reputable platforms for listing and tracking crypto projects. Plus, in the duty of preventing power autonomy, they promised to renounce contract ownership.

Additionally, the core functionality design is expected to reach users soonest, including the client dashboard, freelancer dashboard, agency dashboard, management of ongoing projects section, and additional settings pages.

After completion of these features, plus a Minimum Viable Product (MVP) stipulated to hit the public once it passes in-testing with developers, the team has promised to start designing premium functionalities of the platform.

A Buyback program was meant to be inaugurated as well to stabilize the token’s price and support its market value, and the Uwerx team will not disclose the actual dates and times for the buybacks to ensure fair

Meme Coin Season 2023 – DogeMiyagi Rise By 400%, Where Do Shiba Memu And yPredict Stand In This Coin Fight?

By
TI Partners
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0

Welcome to watch the fight of your life. Get your fingers dirty and your eyes fixed to see the rise of DogeMiyagi (MIYAGI) as it spikes with all its might by 400% and how it is flaunting the referral system along with its huge supply of coins. 2 more new crypto coins are standing to take the fight, Shiba Memu (SHMU) combining AI with blockchain technology, meanwhile Ypredict (YPRED) another Al coin that aims to provide high trade performance with the help of machine learning and its Al powered backlink estimator.

As we journey through the tumultuous meme coin season of 2023, buckle up to witness these formidable contenders in action. Each bears the potential to mount a formidable challenge, staking their claim in this digital melee. With Gen Z enthusiasts and crypto devotees eagerly anticipating the next substantial coin, the stakes are high, and the showdown promises a riveting saga within the crypto market landscape.

DogeMiyagi Taking The Stage With 400% Rise

DogeMiyagi (MIYAGI) with its quote “It’s Ok To Lose To Opponent, It’s Never Ok To Lose To Fear” is taking the meme coin world by storm. DogeMiyagi is on the spike with its potential features which include, a killer swap machine, and referral schemes, it is 100% community-driven and decentralized which makes it the most secure. It is also planning to evolve into a decentralized autonomous organization (DAO) after the launch of its token.

These days Gen Z and other crypto enthusiasts looking for the next big coin in the crypto market are opting for DogeMiyagi, another big reason for its hike.

DogeMiyagi is a meme coin that believes and goes by quality over quantity, which could be seen in its referral system, which allows the investors to connect their wallets which in return would generate a referral code. The investors could use the code by forwarding it to friends and family and when anyone would use the code the person would get a hefty 10% commission, which would automatically be credited to their wallets.

By using all the coins supplied by MIYAGI, it is not only allowing the inventors to buy as much but also with its referral system it is making them easy to choose from that could lead DogeMiyagi to excel in the meme coin season 2023.

Shiba Memu: Generating Buzz In The Meme Coin World

Shiba Memu (SHMU) is a dog-themed meme coin, whose price soared by a $1.5M fundraising milestone at the time of writing. It got its listing on one of the most prominent platforms like Bitmart. This Al tech is expected to become popular in the blockchain sector, showcasing Shiba Memu as the pioneering player.

It is also a meme coin that is becoming an option along with DogeMiyagi (MIYAGI) as the meme coins that will explode in 2023. During its 8-week meme coin presale, Shiba Memu is launching at the price of $0.011125, at the time of writing. This strategic approach poses SHMU with potential competition with major players in the Web3 crypto sphere.

yPredict: Offering Customized Marketplace

yPredict (YPRED) is a coin based on Al which provides a well-designed ecosystem that provides traders a crucial insight that is much needed to do well in the crypto market. It is developed on the Polygon network, it involves a lot of Al-generated tools like Al-driven trading signals and automated chart pattern recognition that would be beneficial for the traders to work within the fast-paced world of crypto. At the time of writing the project’s presale has amazed more than $2.8M in funding. With another 20,000 individuals already enlisted on the project’s waitlist.

DogeMiyagi Is Winning The Meme Coin Season 2023

Though the projects like Shiba Memu and yPredict have their features to attract investors in the meme coin season 2023, DogeMiyagi (MIYAGI) is still winning the game with its referral schemes and community-centric approach. This is leading investors to believe in the power of communities and is making them opt for MIYAGI as its presale is booming and have promising returns in the coming time.

 

Join The DogeMiyagi (MIYAGI) Presale:

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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