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Showing posts with the label stablecoin

Binance Completes The Integration Of BUSD On The Avalanche & Polygon Networks

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Binance has completed the integration of stablecoin BUSD on two blockchains Avalanche and Polygon. Currently, this stablecoin is supported for liquidity on 4 chains of Ethereum, BNB Chain, Avalanche, and Polygon. BUSD Launches On Avalanche And Polygon Blockchains On September 19, Binance completed the integration of stablecoins Binance USD (BUSD) on the Avalanche (AVAX) and Polygon (MATIC) networks. Avalanche supports an initial supply of 1 million BUSD and Polygon is 4 million BUSD to secure the peg. Up to now, Binance's stablecoins support liquidity on 4 chains: Ethereum, BNB Chain, Avalanche, and Polygon. According to Coingecko, the market cap of this stablecoin is $21 billion, making it the third largest stablecoin in terms of capitalization rating, behind only USDT and USDC. Moreover, when the integration is completed, tokens from both networks will join with each other. That means Avalanche and Binance will gain users from each other, then the most token traded w... S...

What Is Metain? Everything You Should Know About Metain

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What Is Metain? Metain Co-investment platform brings earning to NFTs and stablecoin holders with the compelling interest of 15%-25% APY. Furthermore, this project is the first ever to expand quick-gaining opportunities through their trading marketplace for NFTs traders. A straightforward, transparent, and trustworthy service designed of the platform would guarantee a secured investment experience for any investor. Opportunities are made equal to all, even to the penny investment budget. What Are The Features? Co-Investment Acquire high-yield Metain Unit NFT which is backed by commercial and residential real estates as income-producing assets, to enjoy 15-25% APY. Metain Marketplace P2P trading of Unit NFTs for quick profit gains. Recieve & Transfer Crypto Metain accepts Bitcoin, Ethereum, BNB, BUSD, USDT, and more...to make users' investment experience straightforward and frictionless. Swap Instantly Trade all tokens at the Best Rate right from Me... Source : W...

Overnight Launches USD+ On Avalanche

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DeFi Protocol Overnight has launched USD+, a yield-bearing stablecoin on the Avalanche blockchain to aid its mission in upgrading Liquidity Pools across the ecosphere. Overnight Finance Expands To Avalanche USD+, DeFi’s esteemed Yield-Bearing-Stablecoin has expanded to Avalanche after taking over one of Polygon’s leading Decentralized Exchange (DEX), Dystopia by storm. Its unique proposition is that it enables Yield-Farmers to earn ever more on their Liquidity Provisions. With it initially deploying on TraderJoe by commencing its journey on Avalanche, it sets out to revolutionize the way we think about Liquidity Provisions in itself. In a given Liquidity Pool with USD+, users earn yields from USD+ on top of Swap Fees and Gauge Pool rewards. The innovation here is that users earn Yields from USD+ on top of other Liquidity Pool incentives, making Liquidity Provisions more lucrative than what we’ve seen before. Getting Into The Midst Of It The proces... Source...

What is Marnotaur (TAUR)? Everything you should know before investing in TAUR Token

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What is Marnotaur(TAUR)? Marnotaur is a liquidity protocol for secure undercollateralized margin, a Cross-chain platform that allows both margin trading and decentralized leveraged trading. By creating a liquidity center where users can all participate, it enables Traders, Strong Holders, Farmers, and Keepers to multiply their gain. So anyone can gain interest in DeFi. This protocol is compatible with blockchains and other protocols. While also provides access to multiple liquidity pools on the most popular decentralized exchanges (Uniswap, SushiSwap, 1inch). The Marnotaur is for everyone and this is one of the main advantages of the project. Those with large capital who don't want to take big risks can become one of their liquidity providers. Conversely, those who enter the exchange with low capital can still exit with a summable profit. Marnotaur Website: marnotaur.com Why invest in Marnotaur Token (TAUR)? + Leverage Trading The average leveraged trade ...

Platypus developing novel stablecoin swap (Q4 2021, Avalanche-X Grant Backed)

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Unlike the many DEXs we’ve been graced with. Platypus is quacking its way to the bank with a novel approach.They’re leaving out the usual dual pair stablecoin LP tokens. And instead, going for a stronger method.Playtpus’s secretI say secret, but there are a few:Single sided stakingShared liquidity between tokensFlexible pool compositionRisk management mechanisms against malicious arbitrageProfit sharing through “haircut” feesIF you want to read into the magic: Platypus yellow paper. It’s fairly complex, but hopefully, we’ve gleaned the pearlers above.When launch?Very soon. How soon? Q4 2021.We can expect the following:Beta launchPublic SalesFull launchFuture featuresThese should be here in the near few months.Scam!Fortunately, this oen looks like it’s solid. And here are the reasons why:Avalanche backing. They were awarded an Avalache X grantPrivate sale. Not my favourite, but, where there’s professional money, there’s likely an element of professionality. Smart money.The core tenant...

Platypus developing novel stablecoin swap (Q4 2021, Avalanche-X Grant Backed)

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Unlike the many DEXs we’ve been graced with. Platypus is quacking its way to the bank with a novel approach.They’re leaving out the usual dual pair stablecoin LP tokens. And instead, going for a stronger method.Playtpus’s secretI say secret, but there are a few:Single sided stakingShared liquidity between tokensFlexible pool compositionRisk management mechanisms against malicious arbitrageProfit sharing through “haircut” feesIF you want to read into the magic: Platypus yellow paper. It’s fairly complex, but hopefully, we’ve gleaned the pearlers above.When launch?Very soon. How soon? Q4 2021.We can expect the following:Beta launchPublic SalesFull launchFuture featuresThese should be here in the near few months.Scam!Fortunately, this oen looks like it’s solid. And here are the reasons why:Avalanche backing. They were awarded an Avalache X grantPrivate sale. Not my favourite, but, where there’s professional money, there’s likely an element of professionality. Smart money.The core tenan...