Crypto Great | Bitcoin | DeFi

2022-03-09 12:54:00 Oxen (OXEN)

Oxen allows users to trade and communicate freely. Oxen creates a privacy network that enables secure transactions and anonymous communication.

Lately, Oxen has been prioritizing shaping what the future Oxen ecosystem will look like. At its core, Oxen is a private blockchain. But it has the future potential to create applications to make all aspects of DeFi and the internet completely decentralized and private.

There’s lots in store. Dedicated research is being put into creating the first private stable coin, oxUSD, as well as launching the first private video messaging application.

Launching private video calls on Oxen’s messaging app, Session, will lead to an influx of users to its platform. Oxen’s current prediction is that Session will surpass 1,000,000 active users next year. Just this week, Session reported it has over 250,000 active users and has grown by nearly 500% during 2021.

Session has been a shining star in the ecosystem. All of Oxen’s crypto-powered products and services are designed to work together towards benefitting the OXEN token and its ecosystem. Session supports OXEN through monetization while OXEN is used to incentivize service nodes that validate the network.

Service nodes support Lokinet (and Session) by providing infrastructure. And to complete the system, Lokinet supports Session by giving it groundbreaking features to attract new users.

Oxen operates like a well-oiled, automated, decentralized machine with one purpose: creating a truly decentralized network that prioritizes user safety and privacy. Open / Comment

2022-03-07 12:22:05 Dash (DASH)

Dash is a digital cash and payment system designed to offer financial freedom to everyone. Payments are instant and secure, with near-zero fees.

To enhance merchant and customer protection Dash announced last month that it will be partnering with Verso Finance to bring on-demand micro-insurance to Dash merchants across the globe.

Dash’s over 155,000 vendors and their customers would have access to on-demand microfinance as an add-on product. Microinsurance offers coverage to low-income individuals with little in savings, while Microfinance provides financial services to low-income individuals who are typically excluded from traditional banking systems.

For example, a Dash user who books a trip on a platform would be able to purchase baggage insurance and then pay with Dash. Verso helps Dash to add contextual microfinance into the user’s checkout journey or offer it as a suite of additional standalone products.

Verso solves an industry-wide distribution challenge that has been preventing innovative microfinance and decentralised financial products from reaching retail customers around the world.

This strategic partnership with Dash will help Verso build a regulated financial service for everyday individuals and bridge the gap between traditional finance and DeFi.

Dash is becoming the native currency in many low-income countries. The world economy has untapped potential that Microfinance services will help solve. Adoption of Dash has grown immensely throughout the world and plays an important role in the future growth of DeFi. Open / Comment

2022-03-04 12:45:00 ​​THORChain (RUNE)

The ThorChain ecosystem is rapidly evolving and gearing up for the next wave of mass adoption in crypto. ThorChain is slated for some major releases and announcements in the coming months that will help the network prepare for 2022 and additional projected crypto adoption.

An important application for the continued development of the ecosystem is THORSwap.

THORSwap started as an interface for THORChain but has evolved into a dApp that is continuing to improve its cross-chain DEX aggregation protocol, utilizing THORchian’s features to swap between different blockchain assets easily, in a single swap.

THORSwap has over $700 million locked in its protocol and has done over $3 billion in total trading volume since its launch in April.

At the beginning of November, THORSwap released its THOR token and airdropped the token to early users of THORSwap and those who provided liquidity on THORChain. The deadline for claiming these tokens is December 9 and you can check here to see if you are eligible.

Another DEX within the THORChain ecosystem aiming to bring mass adoption to DeFi is DeFi Spot. They will be launching their dApp in December and are prioritizing a user friendly UX, using THORChain's liquidity backend.

But THORChain does more than just power DeFi Spot’s protocol, they are aggressively investing into new interfaces, including a $500,000 strategic investment into DeFi Spot to build adoption and decentralization.

Thorchain's success has been evident in its price as it is now up 250% over the past 4 months and it is sitting around $10.85. That is 50% up since our buy alert. THORChain has managed to overcome challenges and remind the crypto community that it stands at the forefront of the DeFi space. Open / Comment

2022-03-02 13:07:00 Unibright (UBT)

Unibright consists of a team of blockchain specialists, architects, developers and consultants with over 20 years of experience in business processes and integration.

Unibright’s products help enterprises adopt blockchain services and provide high-performance networks that integrate services at low costs, allowing companies to avoid spending time and capital setting it up.

Unibright recently showcased its services at EthAtlanta 2021 and we’d like to highlight just a few of the features that were discussed.

One of the most anticipated was the launch of Baseledger testnet “Lakewood” in September. Since the launch, the protocol has been up without interruption and is on track to move on Mainnet in early 2022.

Baseledger is powered by the UBT token and constitutes a public, council-governed blockchain that enables low fixed costs, guaranteed performance, data privacy compliance, multi-chaincoordination and off-chain integration. Another standout at this year’s EthAtlanta was the launch of conUBC, a SAP-certified “out of the box” solution to connect individual blockchain as a service processes with SAP systems. A highlight was the showcasing of a SAP to SAP synchronization and the storing of provable data on Baseledger.

And finally, Baseledger will continue building its governance structure. Decisions for structure happen in collaboration between Unibright and German regulators to ensure the UBT token model is properly applied and compliant with local regulations.

Until the Baseledger’s governance is in place, the provisional advisory board is agreeing to the following requirements around Baseledger Operation, which was previewed at EthAtlanta.

This showcase reveals how simple it is to integrate major enterprises’ IT systems directly into public and private blockchains with minimal coding and cost. The Unibright ecosystem looks to lead the industry in blockchain solutions providers by enabling enterprise integrations, tokenizations and much more. Open / Comment

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2022-02-28 14:06:51 Band Protocol (BAND)

Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data to dApps running on blockchains.

And now, cross-chain integration is here. The BandChain Improvement Proposal four (BCIP-4) passed last month with overwhelming support in favor and resulted in BandChain’s IBC Oracle going live to the public mainnet.

Inter-Blockchain Communication (IBC) compatible chains such as Terra, Cryptocom, Cosmos, and more can now natively request data, enhancing Band’s Oracle interoperability.

Now that IBC Oracle features are live this expands Band’s use cases in other IBC-compatible chains. In October, BCIP-5 was proposed to enable token transfer through IBC, allowing Band holders to transfer tokens across any IBC-compatible chain and perform activities on those chains with their Band.

This seamless transferring and usability will create more use cases for the token, exposing it to more users and increasing its liquidity. This strategic milestone is one of Bandprotocol's Phase 2 missions to expand the adoption and usage in the cross-chain space. Open / Comment

2022-02-25 12:54:00 ​​The Graph (GRT)

The Graph is an open-sourced software used to collect, process, and store data from various blockchain applications for indexing and querying data.

The Graph Foundation is the overseer of the indexing protocol and was created by the community to provide grants and bounties that aim to grow and secure the network.

Late last month, The Graph Foundation announced that The Graph now supports indexing from the layer 1 blockchain NEAR. NEAR Protocol is a decentralized application (dApp) platform that focuses on optimizing usage for developers and users.

This integration is the first non-EVM (Ethereum Virtual Machine) compatible blockchain supported by The Graph. A layer-1 blockchain improves The Graph’s base protocol to make the system more scalable and adaptable to layer 2 solutions such as Polygon. In addition to Ethereum, Celo, and the InterPlanetary File System (IPFS), The Graph Foundation has added support for Polkadot, Solana, and NEAR layer 1 blockchains just since our last update.

The integration of NEAR enables developers to build subgraphs that define what data is indexed and how it is stored on the NEAR network using The Graph.

Expanding The Graph protocol across multiple chains opens up the world of Web3 indexing features to a wider ecosystem and allows the infrastructure to support even more decentralized applications.

Graph’s utility token, GRT, is currently under our buy-up-to price. Now is a good time to accumulate more, as it is the top protocol for data querying in the blockchain space. Open / Comment

2022-02-23 12:44:00 ​​Yearn finance (YFI)

Yearn finance (YFI) is a DeFi protocol that allows users to benefit from yield farming strategies.

The protocol works to generate the highest possible yield for its users. Users simply deposit assets and Yearn’s algorithms move them to the highest-yielding opportunities.

But until now, high gas fees have plagued the protocol. But that’s about to change…

Yearn’s team believes that the future of the blockchain is in multi-chain compatibility. And early last month, Yearn finance announced it will integrate with Fantom’s secure, fast, and cost-effective blockchain for transactions. This new launch offers users a simple way to get exposure to new tokens by allowing them to borrow crypto using assets as collateral.

Yearn’s first five vaults are a way to use technology to help manage your holdings. Yearn’s technology helps maximize yields by shifting capital, auto-compounding, and rebalancing deposits automatically.

Yearn is also expanding its cross-chain capabilities by creating the YFI Combinator to help grow, expand, and nurture new projects that wish to join the Yearn Ecosystem.

Thanks to the YFI Combinator mission to bring Vaults to Polygon, last month Tesseract, a diversified financial services and investment management innovator in digital assets, teamed with Yearn to bring users the best Yearn strategies specifically designed for the Polygon network. Now, users can enjoy Yearn’s high yields without paying high gas fees.

Yearn Vaults on Tesseract will run on a separate website but with YFI Combinator support. Until January 1, Tesseract will be on a review period to consider officially merging directly into the Yearn Ecosystem.

While Yearn’s future looks bright, the protocol is currently setting new all time highs in TVL. Having recently eclipsed the $6 billion mark, the protocol seems poised for even more record growth ahead. Open / Comment

2022-02-21 12:50:21 Celsius (CEL)

Celsius is a blockchain-based marketplace platform where users in over 40 countries can access DeFi services that aren’t available through traditional finance. Celsius specializes in lending, borrowing, and earning rewards on your crypto.

Celsius strives to be an all-in-one platform for everything that DeFi offers, and the next important feature scheduled to release is crypto swaps.

Last month, Celsius announced it’s giving users a chance to access its Swap feature early. Users can sign up to be a part of the beta launch and be among the first to use the new feature and report any feedback that can improve the service.

Users will also be able to swap any crypto on the platform with zero fees. Swap fees on Coinbase can consist of either a flat fee or a percentage of your transaction as high as 3.99%.

Additionally, Celsius offers up to 17% APY on crypto, and with just $200 required in crypto borrow funds, which now includes stable coins, at 1% APR. Something you will not find on competitors like Coinbase or Binance.

To get the platform prepared for mass adoption, Celsius recently acquired a high-security custodian by purchasing Israeli-based company GK8 for $115 million.

GK8 is a blockchain-focused cybersecurity company that offers financial institutions a platform for safely managing blockchainbased assets on their own. The firm provides a cold storage vault to reduce the potential of cyber attacks. GK8 is so confident in its products that it encourages hackers to attempt to hack the cold wallet and will reward $250,000 worth of Btc to anyone who succeeds.

With all the features of DeFi, and the security of CeFi, Celsius is ready to tackle the mass adoption that is undeniably on its way to the entire crypto space. Open / Comment

2022-02-18 13:07:00 ​​Aave (AAVE)

Aave is an open source protocol used to borrow and earn interest on deposits of assets. Aave cuts out the middleman, leading to more profits for lenders and more favorable rates for borrowers.

The Avalanche rush is here.

Avalanche is one of the fastest smart contracts platforms in the blockchain industry. In October, Aave was first deployed on the Avalanche network with overwhelming community support. The Avalanche blockchain is well-suited for building decentralized financial applications (dApps) due to its scalability, high transactions per second (TPS) output, and nearinstant transaction settlements. Avalanche ranks fifth among blockchains with the most TVL in its applications. There is a total of $8.86 billion locked in Avalanche, while $2.8 billion of that is locked in Aave,an impressive 31%.And Aave is just one of 56 applications built on Avalanche.

After two consecutive years of substantial growth and integration with multiple chains, the Aave team is now seeking approval from the community for a new version of the Aave Protocol.

The forthcoming Aave V3 would represent a significant technological advancement from the existing DeFi liquidity protocols.

Currently, the team wants to gather feedback from the community and information from developers on all aspects of the release plan of Aave V3. We will update you as the community votes on details of the launch. Open / Comment