LightSpeedCoin(LSD)

$LBR, a project in the LSDfi space, launched by an anonymous team with backing from Tornado Cash funds and endorsed by prominent figures like Blurr.eth ($RFD deployer) and Michael Patryn (@0xSifu), has encountered a substantial downturn. The project witnessed a remarkable TVL surpassing 100M within a month of its inception […]

[PRESS RELEASE – Cayman Islands, Cayman Islands, December 5th, 2023] Curvance introduces a new, efficient approach for users to yield farm and maximize yield on their DeFi investments Curvance, a full-service omnichain money market for yield-bearing, LSDfi, tokenized treasuries, and primitive assets, announces the close of a $3.6M seed round supported by Offchain Labs, Wormhole, […]

The LSDFi sector’s total value locked has grown 5,870% since January as ETH holders seek better yields.

[PRESS RELEASE – London, UK, August 12th, 2023] Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in TVL, of which 260 million […]

If you are searching for a project that can make you a millionaire over the coming years, Pomerdoge is one cryptocurrency that you shouldn’t miss out on. Convinced by its growth projections and presale performance, experts believe that Pomerdoge’s value can rise by 40x this year. Meanwhile, Solana (SOL) and Ethereum (ETH) have moved downward in recent months. Summary: ● Solana’s (SOL) social engagements have plummeted by 53% in the past week ● Ethereum (ETH) is planning to launch the Dencun upgrade by the year-end ● Pomerdoge’s presale tokens are selling out fast during Stage 1 Click Here To Find Out More About The Pomerdoge (POMD) Presale Solana (SOL) Sees Drop In Social Metric Amid the bullish market sentiments, Solana (SOL) has seen growth in a key metric. The total value locked (TVL) of Solana (SOL) has increased over the past few months. The rise in Solana’s (SOL) TVL has been caused largely because of the increase in the LSD (Liquid Staking Derivatives) vertical. Data shows that Jito, an LSD protocol operating on Solana (SOL), has seen a massive uptick after the Shapella upgrade. However, social engagements on the Solana (SOL) network have dropped by 53% in the past week. Besides, social mentions for Solana (SOL) have tumbled by 47%. Thus, the market price of Solana (SOL) has fallen by 10% in the past week. Subsequently, Solana (SOL) is trading at $22.53. Ethereum (ETH) Set To Launch A New Upgrade The Ethereum (ETH) network has been on a roll to launch new updates. A few months ago, Ethereum (ETH) had launched its much-awaited Shapella upgrade. Ethereum (ETH) has intensified its efforts on the upcoming Cancun-Deneb upgrade. However, the news regarding the Dencun upgrade has not caused any positive response for the price of Ethereum (ETH). Notably, the trading price of Ethereum (ETH) has tumbled by 3% in the past seven days. As a result, an Ethereum (ETH) token can now be traded at $1,826.29. Also known as Dencun, the upcoming upgrade will improve the security and scalability of the Ethereum (ETH) network. Reportedly, Ethereum (ETH) may launch the upgrade by the end of 2023. Pomerdoge (POMD) Presale Makes Big Waves According to a report, the global blockchain gaming market can grow from $4.6 billion in 2022 to $65.7 billion by 2027. Thus, Pomerdoge has developed a new blockchain game that will disrupt the play-to-earn gaming arena. The new P2E game, named Pomergame, is equipped with many rich and unique features. Therefore, it has generated big market waves even before its launch in the market. According to experts, Pomerdoge is different from meme coins like Dogecoin, Shiba Inu, or Pepe. Pomerdoge is a mix of fun and earning. Hence, you get paid for all the time you spend on the game. Its ecosystem consists of three major elements. The first element is Pomergame, where you will be able to play, create, and level up your character to elite status. The Pomerplace is the second element, where you will get an opportunity to sell your custom in-game assets to other members, or battle with gamers across the globe. The last element is a unique collection of 7,777 NFTs. Pomerdoge’s business roadmap has revealed that it will launch POMD tokens on Uniswap after the presale round. At present, the presale of POMD tokens is in its first stage, and its price is $0.007. However, analysts have predicted that POMD’s value can skyrocket by 1700% by the end of the presale round. So, hurry before it’s too late. Find out more about the Pomerdoge (POMD) Presale Today Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

If you are searching for a project that can make you a millionaire over the coming years, Pomerdoge is one cryptocurrency that you shouldn’t miss out on. Convinced by its growth projections and presale performance, experts believe that Pomerdoge’s value can rise by 40x this year. Meanwhile, Solana (SOL) and Ethereum (ETH) have moved downward in recent months. Summary: ● Solana’s (SOL) social engagements have plummeted by 53% in the past week ● Ethereum (ETH) is planning to launch the Dencun upgrade by the year-end ● Pomerdoge’s presale tokens are selling out fast during Stage 1 Click Here To Find Out More About The Pomerdoge (POMD) Presale Solana (SOL) Sees Drop In Social Metric Amid the bullish market sentiments, Solana (SOL) has seen growth in a key metric. The total value locked (TVL) of Solana (SOL) has increased over the past few months. The rise in Solana’s (SOL) TVL has been caused largely because of the increase in the LSD (Liquid Staking Derivatives) vertical. Data shows that Jito, an LSD protocol operating on Solana (SOL), has seen a massive uptick after the Shapella upgrade. However, social engagements on the Solana (SOL) network have dropped by 53% in the past week. Besides, social mentions for Solana (SOL) have tumbled by 47%. Thus, the market price of Solana (SOL) has fallen by 10% in the past week. Subsequently, Solana (SOL) is trading at $22.53. Ethereum (ETH) Set To Launch A New Upgrade The Ethereum (ETH) network has been on a roll to launch new updates. A few months ago, Ethereum (ETH) had launched its much-awaited Shapella upgrade. Ethereum (ETH) has intensified its efforts on the upcoming Cancun-Deneb upgrade. However, the news regarding the Dencun upgrade has not caused any positive response for the price of Ethereum (ETH). Notably, the trading price of Ethereum (ETH) has tumbled by 3% in the past seven days. As a result, an Ethereum (ETH) token can now be traded at $1,826.29. Also known as Dencun, the upcoming upgrade will improve the security and scalability of the Ethereum (ETH) network. Reportedly, Ethereum (ETH) may launch the upgrade by the end of 2023. Pomerdoge (POMD) Presale Makes Big Waves According to a report, the global blockchain gaming market can grow from $4.6 billion in 2022 to $65.7 billion by 2027. Thus, Pomerdoge has developed a new blockchain game that will disrupt the play-to-earn gaming arena. The new P2E game, named Pomergame, is equipped with many rich and unique features. Therefore, it has generated big market waves even before its launch in the market. According to experts, Pomerdoge is different from meme coins like Dogecoin, Shiba Inu, or Pepe. Pomerdoge is a mix of fun and earning. Hence, you get paid for all the time you spend on the game. Its ecosystem consists of three major elements. The first element is Pomergame, where you will be able to play, create, and level up your character to elite status. The Pomerplace is the second element, where you will get an opportunity to sell your custom in-game assets to other members, or battle with gamers across the globe. The last element is a unique collection of 7,777 NFTs. Pomerdoge’s business roadmap has revealed that it will launch POMD tokens on Uniswap after the presale round. At present, the presale of POMD tokens is in its first stage, and its price is $0.007. However, analysts have predicted that POMD’s value can skyrocket by 1700% by the end of the presale round. So, hurry before it’s too late. Find out more about the Pomerdoge (POMD) Presale Today Website: https://pomerdoge.com/ Telegram Community: https://t.me/pomerdoge Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The new layer 2 network passed a governance vote that establishes the Mantle Economics Committee as well as introduces more liquid staking into the ecosystem by authorizing liquid staking protocol Mantle LSD and the allocation of 40,000 ETH from its treasury to stETH.

Solv, the investment platform that allows investors to gain exposure to onchain funds, has completed a new funding round of its own. Originally backed by Binance Labs and Blockchain Capital, Solv’s latest round attracted participation from a host of leading names including Laser Digital, a subsidiary of Japanese banking titan Nomura Securities. UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Apollo Capital, HashCIB, Geek Cartel, Bing Ventures, and Bytetrade Labs all participated in the latest round, which arrives off the back of Solv V3 successfully launching. The latest version of the investment platform went live in Q2 of this year and has already recorded more than $100 million in trading volume from over 25,000 users. Investors Invest in the Investor Solv is in the business of democratizing access to crypto investments, giving regular users exposure to funds that have been tailored to suit their risk profile and expectations. The platform brings professional asset management to an on-chain environment with the corresponding transparency to show that funds are being utilized for their stated purpose. The V3 launch of Solv has gone smoothly so far, with investors finding favor with the improved interface and enhanced options for accessing a variety of funds. Investors are presented with a range of choices to suit their preferred strategy starting with the estimated APR and fund term. There’s also information on the maturity date, fund size, and status e.g whether it is currently active or closed. Commenting on the sort of investment opportunities that V3 will be focused on, moving forwards, Solv CEO Ryan Chow said: “New DeFi narratives, such as RWA and LSD, are driving speculation around the next iteration of DeFi summer. Solv V3 will focus on the RWA track, and is committed to introducing billions of dollars worth of income-generating assets for the industry through our fund platform, in preparation for the next phase of DeFi mass adoption.” Real world assets and liquid staking derivatives are two of the largest verticals currently taking shape under DeFi’s broad umbrella. The former entails making stocks, commodities, and real estate as well as forex markets tradable on-chain, complete with the benefits this bestows in terms of information symmetry, 24/7 access, and greater transparency. LSDfi, meanwhile, in which staking derivatives are repurposed elsewhere for yield generation and to secure L2 chains, is fueling much of the DeFi innovation taking place at present. The Convergence of TradFi and DeFi Olivier Dang, General Partner of Ventures at the Nomura subsidiary Laser Digital, who participated in Solv’s latest round, explains: “Solv has built a trustless DeFi platform with a trusted institutional network, integrating brokers, underwriters, market makers, and custodians to create the first fund infrastructure on the blockchain, becoming an important infrastructure that bridges DeFi, CeFi, and TradFi liquidity.” This ability to unite TradFi and DeFi accounts for why Solv Protocol appears to have had no trouble in filling its funding round. Investors are aware of the upside to startups that can bring legacy money to “the future of finance” by convincing institutions that on-chain is where the real yield lies. Companies creating the picks and shovels required to facilitate this – decentralized identities; institutional-grade wallets; better onramps – will play a key role in bringing this vision into reality. And the projects that invest in them in turn, through funds such as Solv, have the potential to capture a slice of the pie. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Solv, the investment platform that allows investors to gain exposure to onchain funds, has completed a new funding round of its own. Originally backed by Binance Labs and Blockchain Capital, Solv’s latest round attracted participation from a host of leading names including Laser Digital, a subsidiary of Japanese banking titan Nomura Securities. UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Apollo Capital, HashCIB, Geek Cartel, Bing Ventures, and Bytetrade Labs all participated in the latest round, which arrives off the back of Solv V3 successfully launching. The latest version of the investment platform went live in Q2 of this year and has already recorded more than $100 million in trading volume from over 25,000 users. Investors Invest in the Investor Solv is in the business of democratizing access to crypto investments, giving regular users exposure to funds that have been tailored to suit their risk profile and expectations. The platform brings professional asset management to an on-chain environment with the corresponding transparency to show that funds are being utilized for their stated purpose. The V3 launch of Solv has gone smoothly so far, with investors finding favor with the improved interface and enhanced options for accessing a variety of funds. Investors are presented with a range of choices to suit their preferred strategy starting with the estimated APR and fund term. There’s also information on the maturity date, fund size, and status e.g whether it is currently active or closed. Commenting on the sort of investment opportunities that V3 will be focused on, moving forwards, Solv CEO Ryan Chow said: “New DeFi narratives, such as RWA and LSD, are driving speculation around the next iteration of DeFi summer. Solv V3 will focus on the RWA track, and is committed to introducing billions of dollars worth of income-generating assets for the industry through our fund platform, in preparation for the next phase of DeFi mass adoption.” Real world assets and liquid staking derivatives are two of the largest verticals currently taking shape under DeFi’s broad umbrella. The former entails making stocks, commodities, and real estate as well as forex markets tradable on-chain, complete with the benefits this bestows in terms of information symmetry, 24/7 access, and greater transparency. LSDfi, meanwhile, in which staking derivatives are repurposed elsewhere for yield generation and to secure L2 chains, is fueling much of the DeFi innovation taking place at present. The Convergence of TradFi and DeFi Olivier Dang, General Partner of Ventures at the Nomura subsidiary Laser Digital, who participated in Solv’s latest round, explains: “Solv has built a trustless DeFi platform with a trusted institutional network, integrating brokers, underwriters, market makers, and custodians to create the first fund infrastructure on the blockchain, becoming an important infrastructure that bridges DeFi, CeFi, and TradFi liquidity.” This ability to unite TradFi and DeFi accounts for why Solv Protocol appears to have had no trouble in filling its funding round. Investors are aware of the upside to startups that can bring legacy money to “the future of finance” by convincing institutions that on-chain is where the real yield lies. Companies creating the picks and shovels required to facilitate this – decentralized identities; institutional-grade wallets; better onramps – will play a key role in bringing this vision into reality. And the projects that invest in them in turn, through funds such as Solv, have the potential to capture a slice of the pie. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

CoinMarketCap has released a report on the global crypto market after H1. The report delves into a general market overview, recent key events, and what it expects H2’s key themes will be. Today, CoinMarketCap, the world’s leading price-tracking website for crypto assets, released its 2023 H1 Crypto Market Analysis Report. Crypto Market Kicks 2023 Off Strong The crypto market started this year with a bang witnessing the bitcoin price doubling, the rise of L2s such as Arbitrum and ZK, and the NFT market showing signs of improvement. By the end of Q2, the global crypto market capitalization reached an impressive $1.17 trillion, marking a 48% YTD increase. Q1 and Q2, however, concluded with similar total market caps, meaning Q2 showed much less growth. Q2 was instead characterized by trends such as the “memecoin” frenzy and the rise of BRC20 tokens, which, despite being noteworthy, did not garner the same excitement as the previous quarter’s developments. Market sentiment improved significantly by the end of Q1, with the CMC Crypto Fear and Greed Index registering at a neutral 52 – a vast improvement over the start of the year, which registered a fearful 30. According to CMC’s report, the Total Spot Trade Volume of the Top 20 Crypto Exchanges peaked in March but declined by around 36% quarter-on-quarter. Top Growing Sectors Despite what can only be called challenging market conditions, certain industry sectors witnessed remarkable growth in market cap year-to-date. VR/AR (704%0 and AI & Big Data (323%) exceeded expectations, while blue-chip decentralized finance (DeFi) projects appear to be making a strong comeback. The “memecoin” frenzy saw the sector add over 260 new coins YTD, with AI & Big Data taking second place, adding 61 coins. DeFi ranked third, adding 47 new listings YTD. Bitcoin and Ethereum Developments The market’s top tokens, Bitcoin (BTC) and Ethereum (ETH) experienced several events, resulting in noteworthy price fluctuations. CMC’s Top Views CoinMarketCap saw a surge in views from the memecoin sector as $PEPE took the industry by storm. PEPE’s explosive rally of over 3700x from April to May sparked particular interest in the sector, and it joined CMC’s “Most Added to Watchlist.” Memes also registered the most engagement in CMC Community. The DeFi sector registered sustained interest throughout the year’s first half to become the second most viewed. Sector interest largely focused on Terra Classic (LUNC) as Binance burned 2.65 billion LUNC tokens, worth approximately $236,000. AI and Big Data have undoubtedly marked 2023 following the launch of OpenAI’s revolutionary ChatGPT, and it is reflected in views. Best Performing Coins Arbitrum ecosystem tokens such as Pendle (PENDLE) and Radiant Capital (RDNT) appeared to be H1’s top gainers, along with Optimist ecosystem tokens such as Velodrome Finance (VELO). Other top gainers include layer-one blockchains, including Dione Protocol (DIONE), Conflux (CFX), and Injective (INJ). AI-related tokens such as SingularityNET (AGIX) and Render (RNDR) also performed well. Key Themes for H2 CoinMarketCap identified the key themes for the second half of 2023. Bitcoin ETFs The crypto news cycle has recently been dominated by talks of Bitcoin ETFs after BlackRock, the world’s largest asset manager, filed for a Bitcoin spot ETF with the SEC. News of BlackRock’s application spurred a host of other firms, such as Valkyrie, Fidelity and 21 Shares, to announce they are also seeking ETF approval. The SEC has yet to approve any of the applications. Should the regulator grant these ETFs, they could unlock substantial investor demand by offering regulated products for asset allocation. Decentralized Public Infrastructure Networks One of H2’s key themes will be Decentralized Physical Infrastructure (DePIN). DePIN is still in its early stages of expansion and aims to provide solutions for access sharing of physical assets or services like warehousing and data networks. Real World Assets (RWAs) The tokenization of assets has become an increasing focus for the crypto asset industry. Projects focused on making RWAs tradeable on-chain largely consist of credit market protocols such as Maple Finance and Goldfinch allow businesses to use DeFi to secure financing and loans. Liquid Staking Derivative (LSDs) Liquid Staking Derivative witnessed a dramatic surge in activity in H1 owing largely to Ethereum’s Shapella upgrade. Market leaders such as Lido and Rocket Pool saw their TVLs rise 138% and 220%, respectively. By the end of June, LSD platforms secured over a third of Ethereum’s Total Value Staked. Restaking The introduction of EigenLayer – a middleware platform which allows staked ETH or liquid staked ETH tokens to be reused on the consensus layer, prompted restaking as an emerging theme in H1. Restaking was in demand after EigenLayer’s Restaking Smart Contracts were deployed and reached their maximum limits within a day of the mainnet launch. zkSync zkSync, a zero-knowledge roll-up solution, emerged as a popular Ethereum-based layer-2 solution and strong competitor against Ethereum optimistic roll-ups, including Optimism and Arbitrum. zkSync utilizes zero-knowledge technology to offload traffic from Ethereum to an efficient second layer, helping to increase Ethereum’s throughput while enabling an array of new applications. Modular Blockchains (Celestia) Most layer-1 blockchains are monolithic chains that result in issues surrounding efficiency, stemming from the blockchain trilemma of decentralization, security and scalability. Modular blockchains like Celestia address these issues by separating blockchains into three layers: execution, settlement, consensus and data availability. In doing so, modular blockchains provide developers with modular data availability and consensus layers which dApps and sidechains can leverage to bootstrap development. FTX Bankruptcy Developments After FTX collapsed, its depositors could not determine how much of the almost $9 billion shortfall could be collected during the liquidation process. In January, it emerged that more than $5 billion in liquid assets were collected, and this number subsequently increased to $7 billion. The firm overseeing FTX’s restructuring recently contacted creditors, giving them a “Customer Bar Date” of September 29, 2023. Debtors are, however, unlikely to receive a payout until at least H2 2024. Bitcoin Remains Most-Viewed Crypto Across All Regions Regional differences in interest in various crypto sectors were insignificant. Bitcoin continues as the most-viewed crypto across all regions in H1 2023, similar to data from Q4 2022. Bitcoin’s dominance over altcoins increased by 25% from 40.09% at the beginning of the year to 50.39% at the end of H1. As expected, the US continues to dominate the distribution of crypto users worldwide. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

ETH price still struggles to conquer the $2,000 level, but growth in LSDFi could prevent a sharper sell-off.

Welcome to an exciting exploration of crypto passive income ideas! Crypto passive income refers to the ability to earn money from your cryptocurrency investments without actively trading or constantly monitoring the market. It is highly regarded because it provides opportunities for diversification, potentially high returns on investment, and accessibility to individuals of all backgrounds. In this article, we will delve into the world of three high-potential coins: Ethereum (ETH), TENET (TENET), and the trailblazing Caged Beasts (BEASTS). Each of these cryptocurrencies offers unique opportunities for generating passive income and shaking up the crypto landscape. Ethereum - Liquid Staking With The Alt King!Ethereum (ETH), the king of smart contract platforms, needs no introduction. It has revolutionized the crypto space, allowing developers to build decentralized applications (dApps) and launch their own tokens with ease. Compared to other crypto projects, Ethereum boasts unique strengths such as a robust ecosystem, widespread adoption, and the ability to execute complex smart contracts efficiently. But what about liquid staking on Ethereum? Liquid staking combines the benefits of staking and liquidity, allowing users to stake their Ethereum while still having the flexibility to trade or use their staked assets. By utilizing platforms like Lido, users can seamlessly stake and unstake their ETH, earning lucrative yields while enjoying the freedom to access their assets at any time. This innovative approach to staking offers the best of both worlds and is a game-changer for passive income seekers. TENET - The LSD-Driven Blockchain Now, let's dive into the world of TENET (TENET), a more recent crypto gem that has emerged. Layer-1 blockchain Tenet has partnered with omnichain messaging protocol LayerZero to plug into a cross-chain decentralized finance (DeFi) ecosystem. This collaboration grants Tenet access to the wider DeFi landscape across multiple blockchains. TENET's DeFi-focused ecosystem provides liquidity and yield products for liquid staking derivatives (LSDs). Similar to Ethereum's liquid staking pools, such as Lido, TENET's network enables users to stake and unstake assets seamlessly, unlocking the potential for lucrative yields. Moreover, TENET allows users to create projects and tokens, integrating them with LayerZero technology for enhanced interoperability across various smart contract blockchains. By leveraging this ecosystem, TENET empowers PoS native tokens to maximize their earnings potential, showcasing the power of LSDs in the DeFi space. Caged Beasts - Defying Convention with Memetic Brilliance! This article wouldn't be complete without a meme coin, and Caged Beasts (BEASTS) steals the spotlight. The proof-of-stake consensus algorithm is used to govern this decentralized Ethereum-based meme coin, assuring a robust and beneficial investment potential. With Ethereum as its foundation, Caged Beasts aims to revolutionize what a meme coin can truly accomplish. Caged Beasts differentiates itself through its innovative concept called "Caged Liquidity." By championing decentralization, Caged Beasts enhances trust and stability within its ecosystem, offering investors a unique opportunity to be part of a thriving community. Additionally, Caged Beasts boasts a stellar referral program where users can create their own exclusive referral codes. With each successful referral, both the referrer and the investor bag a sweet bonus of 20% extra BEASTS tokens, creating a win-win situation for everyone involved. If you’d like to stay up to date with the latest news in the realm of Caged Beasts and be notified ahead of time for the presale drop, you can register your email here! Final Thoughts The crypto world is a rollercoaster of innovation and opportunity, and these three cryptos - Ethereum, TENET, and Caged Beasts - are leading the charge. Ethereum continues to dominate as the pioneer of smart contract platforms, while liquid staking on Ethereum and platforms like Lido unlock even greater passive income potential.TENET shakes things up by plugging into a cross-chain DeFi ecosystem, providing liquidity and yield products through its LSD-driven blockchain. And last but not least, Caged Beasts adds an element of fun and excitement with its decentralized meme token and captivating referral program.Whether you're seeking passive income, exploring alternative staking options, or simply looking for the next 10x altcoin, these three coins offer enticing opportunities for crypto enthusiasts. So, join the Crypto Carnival and buckle up for an exhilarating ride into the world of decentralized finance and the meme coin revolution! For All Things Caged Beasts (BEASTS): Website: https://cagedbeasts.com Twitter: https://twitter.com/CAGED_BEASTS Telegram: https://t.me/CAGEDBEASTS Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

[PRESS RELEASE – Virgin Islands, British, June 14th, 2023] StakeStone introduces a novel paradigm by minting the LSDb (Liquidity Staking derivatives basket) token, known as STONE, a powerful yield-bearing token with exciting possibilities. Compared to other LSTs, STONE is more compatible with underlying assets, making it a choice worth taking a good look at. Key […]

[PRESS RELEASE – Podgorica, Montenegro, June 9th, 2023] At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and […]

Podgorica, Montenegro, June 9th, 2023, ChainwireAt EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability.In the fast-paced world of blockchain and cryptocurrencies, the demand for fully decentralized stablecoins is growing. The challenge has been to simultaneously achieve capital efficiency, price stability, and decentralization, a combination that has proven difficult to achieve.Numerous attempts have been made to create stablecoins that are both decentralized and capital efficient. However, these efforts often led to significant price fluctuations, causing depegging and collapse. The industry has thus been left with a choice between capital efficiency and decentralization, with price stability being a crucial requirement for any stablecoin's survival and expansion.Ethereum Reserve Dollar is designed to address these challenges. ERD is fully decentralized, providing a safer solution to the dominant centralized and semi-centralized stablecoins in the market. It employs a fully decentralized lending protocol and a robust liquidation mechanism, enabling users to borrow USDE using LSDs and blue-chip DeFi tokens as collateral. The platform secures loans with a Stability Pool containing USDE, which allows for immediate liquidation and bypasses the need for liquidators to prepare USDE or engage in a complex auction process. Furthermore, the protocol's design allows users to borrow at only a 110% collateralization ratio, achieving an ideal combination of decentralization, capital efficiency, and price stability.Notably, ERD also aims to provide greater value as a governance token and introduce widely distributed decentralized assets on the ETH network, addressing limitations observed in similar protocols, such as those of the Liquity Protocol.“Looking back at the collapses of so many failed stablecoins, and the depegging of USDT in 2022 and USDC in 2023, the industry is still searching for a truly decentralized, capital-efficient, and robust solution," said Steve Hopkins, ERD’s CMO. “ERD is this and so much more; it's a solution designed to become a truly decentralized reserve asset on the Ethereum network. We believe ERD offers a significant step forward in blockchain and DeFi technology. We’re thrilled to share it with the world. ”The ERD team will launch their testnet event on June 12, 2023. This event will offer the opportunity to experience the platform's unique features and benefits firsthand, while also entitling early adopters to share in the upside of the project’s growth.The ERD Protocol is set to redefine the stablecoin landscape. With its unique features and benefits, it offers a promising solution for efficient and decentralized lending. The team encourages everyone to participate in the upcoming testnet event and experience the future of DeFi.For more information about the ERD Protocol and its upcoming testnet event, please visit the official website at https://erd.xyz/ and follow the project on Twitter at @Ethereum_ERD.About ERDERD is a decentralized lending protocol that enables users to borrow in USDE, a stablecoin pegged to the US dollar, using LSDs and blue-chip DeFi tokens as collateral. It aims to address the dominance of centralized stablecoins and offer a truly decentralized, capital-efficient alternative. The protocol offers a minimum collateralization ratio of 110% and secures loans with a stable pool containing USDE and other Ethereum-based assets. The benefits of ERD include low-interest rates, high capital efficiency, direct redemptions, and decentralization. Its goal is to become a truly decentralized reserve asset on the Ethereum network.Long live Ethereum Reserve Dollar. On Ethereum, By Ethereum, For Ethereum.For more information and to stay updated please visit:Official website | Twitter | Discord | Whitepaper | GitHubContactCMOSteve HopkinsEthereum Reserve [email protected]

ETH use in DeFi is down due to an uptick in staking, but rapid growth in LSDfi could be a bull market catalyst.

Tenet taps LayerZero for omnichain integration and expansion of capabilities.

Cross-chain interoperability protocol LayerZero’s infrastructure aims to drive liquid staking adoption across the DeFi ecosystem.

Mahe, Seychelles, May 16th, 2023, ChainwireTenet, the first layer-1 blockchain to create a DeFi Ecosystem for Liquid Staking Derivatives (LSDs), has joined forces with Ankr, a leading blockchain infrastructure provider, to increase adoption of LSDs across all blockchains, including those where liquid staking derivatives are currently not available yet.As part of the partnership, Tenet will have discounted pricing on Ankr’s LSD integration services, which allows Proof of Stake Blockchain’s to easily set up liquid staking for their assets with Ankr. In addition, Tenet will help cover some of the integration costs for its partners in exchange for the new Blockchain’s committing a certain amount of LSD assets to Tenet’s network.Proof of Stake networks today dominate the blockchain landscape, with the vast majority of alternative layer-one chains and application specific blockchains (“appchains”) each having their own staking token. Staking is key in securing the network to protect from economic attacks, which means that DeFi use cases that generate alternate sources of yield will potentially reduce the security of the network. By adopting liquid staking derivatives, which allow using staked assets in DeFi, the conundrum is effectively solved — increasing the security of the network as it scales.Most LSD liquidity today comes from Lido, which means that smaller blockchains may need to wait some time before they see their chain integrated. Ankr, on the other hand, has created a white-label system that allows any project to quickly set up their own LSD.By working with Tenet, projects will benefit from both the cheaper LSD integration services, as well as the Tenet layer-1 LSD ecosystem, which allows users to earn maximum yield on their assets by supplying them to various DeFi protocols on its network. In exchange, Tenet partners will need to commit a certain amount of LSD total value locked to Tenet Validators, which boosts its security model.Tenet has a unique model called Diversified Proof of Stake (DiPoS), which supports staking with any LSD asset from other chains, such as ETH, BNB, ATOM, SOL and ADA. This allows Tenet to be partially secured by all its supported networks, dramatically improving security compared to standard single-token Proof of Stake."We're on a mission to bring LSDs to all the top Layer-1 blockchains and make Tenet the defacto place for them to safely earn yield and utility," said Greg Gopman, CEO of Tenet and former CMO of Ankr. “During my time at Ankr, I was inspired by all the amazing LSD products the company launched, but disappointed by their ultimate lack of use. With Tenet, we aim to change this.”As part of the deal, Tenet will commit to using Ankr for its RPC services, as well as other integrations that make sense for the network’s infrastructure. The two companies will also put together a Liquid Staking Conference (side event) at EthCC in Paris, in July 2023.Tenet is currently live on testnet and will launch Mainnet and its token generation event on May 25.About TenetTenet is a DeFi-focused Layer-1 ecosystem, providing liquidity and yield opportunities for liquid staking derivatives (LSDs). Co-founded by Greg Gopman, former CMO of Ankr, and Dan Peterson, former head of revenue operations at Blockdaemon, Tenet aims to unlock the potential of the rapidly growing LSD market, which is currently valued at over $17 billion. Tenet takes a unique approach by sharing security through Diversified Proof of Stake, which allows LSDs to stake to its network and earn yield on their liquid staking assets and participate in the platform's governance.About AnkrAnkr is an all-in-one portal built to support the growth of Web3. They provide multi-chain API connections, dApp development tools, and crypto staking solutions with a global node infrastructure powering it all over 30+ blockchains. As the pioneer of liquid staking, Ankr creates next-generation solutions for supporting validation on several proof-of-stake chains with an industry-leading node delegation system and security. With a Total Value Locked of over $500M, Ankr is the 3rd largest Ethereum staker and go-to staking infrastructure provider for ecosystems like the BNB Smart Chain, Polygon, and [email protected]

[PRESS RELEASE – Mahe, Seychelles, May 3rd, 2023] Former executives from Ankr and Blockdaemon have joined their expertise to create Tenet, the first Layer 1 blockchain built to create a hub for Liquid Staking Derivatives (LSDs). Tenet is emerging from stealth mode and unveiling its Testnet today, enabling developers to interact and experiment with the […]

Mahe, Seychelles, May 3rd, 2023, ChainwireFormer executives from Ankr and Blockdaemon have joined their expertise to create Tenet, the first Layer 1 blockchain built to create a hub for Liquid Staking Derivatives (LSDs). Tenet is emerging from stealth mode and unveiling its Testnet today, enabling developers to interact and experiment with the platform.Tenet is an EVM-compatible L1 protocol, designed to bring additional liquidity and yield opportunities to LSDs by allowing users to re-stake their assets on Tenet's network and participate in Tenet's DeFi ecosystem. Unlike other Cosmos chains that rely on their own native token for Proof of Stake security, Tenet validators can make use of a unique mechanism called Diversified Proof of Stake (DiPoS).In a nutshell, DiPoS allows validating the Tenet network by re-staking the LSDs from other L1 ecosystems supported by Tenet, such as ETH, BNB, ATOM, SOL and Matic. This ensures the long-term security of the Tenet chain by leveraging the joint security of each L1 ecosystem it services. The lack of shared security has been long-recognized as an adoption roadblock for many chains in the ecosystem.The LSDs re-staked to the Tenet network will be usable like other LSDs (or, an LLSD) to take advantage of DeFi opportunities on Tenet. In addition to DEXs and lending pools, they will also be able to mint the Universal Stablecoin interest free, allowing them to receive an “advance” on their future LSD yields, which became the largest market vertical in Defi this year, surpassing DEX's with $17.5B in TVL.Tenet also offers the first L1 ecosystem with native gauges, which allow veTenet token holders to direct rewards to the pools they choose. Oftentimes, projects will offer “bribes” to direct rewards to their tokens, increasing the utility of veTenet.The Tenet product vision is aimed at simplifying the staking experience for users. One of the pillars of this vision is the Eva mobile wallet, a retail friendly mobile app that uses an AI chat-bot to educate users about DeFi and automates interactions with the Tenet chain through optimized yield strategies.The project is co-founded by Greg Gopman, previously CMO at major LSD protocol Ankr, and Dan Peterson, formerly the Revenue Operations Specialist at Blockdaemon, the largest independant infrastructure and staking firm in crypto, valued at +$3B. Four more experienced core members round out technical and BD expertise, while advisors from Lido, Ankr and OpenAI will offer invaluable support to expand and grow the protocol.Greg Gopman, co-founder of Tenet, said, "At Ankr, we helped bring Liquid Staking Tokens to eight Blockchains and built out some of the best LSD infrastructure in the industry, but no one used it. Tenet was really a golden opportunity for being first to market in utilizing best in class technology with almost $20B in untapped liquidity."We analyzed what other projects like Berachain and Eigen Layer were doing and realized that there was a better way to position ourselves to best address the market," added Dan Peterson, co-founder of Tenet. “We’ve chosen to take a user-centric path, making the staking and LSD experience simpler and more secure for the average user.”Tenet is inviting DeFi protocols and developers interested in taking advantage of LSD liquidity to sign up for the Testnet and familiarize themselves with the platform. In the coming months, Tenet plans to roll out a grants program and a global DeFi hackathon series to engage developers worldwide, while preparing for the fair community launch of the Tenet blockchain.About TenetTenet is a DeFi-focused Layer-1 ecosystem built on the Cosmos network, providing liquidity and yield opportunities for liquid staking derivatives (LSDs). Co-founded by Greg Gopman, former CMO of Ankr, and Dan Peterson, former Revenue Operations at Blockdaemon, Tenet aims to unlock the potential of the rapidly growing LSD market, which is currently valued at over $17 billion. Tenet takes a unique approach by sharing security through Diversified Proof of Stake, while using L1-native gauges to let users earn yield on their liquid staking assets and participate in the platform's governance. Tenet Website, Tenet [email protected]

George Town, BVI, May 2nd, 2023, ChainwireThe Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets.Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets.The recently concluded $20 million valuation seed funding is backed by Dorahacks, Everstake, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital, among others, and will allow Nolus to fully complete the technological backbone and further expand the platform both within and outside the Cosmos ecosystem. The Advisory Board members Zaki Manian, Strangelove, and Shane Molidor will ensure Nolus solidify its cross-chain presence.The novel DeFi Lease solution by Nolus unlocks the full potential of crypto money markets by reducing the industry's steep over-collateralization requirements, resulting in significantly improved capital efficiency and much more favorable lending options for users. The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets through whitelisted yield-bearing strategies. With the added support of liquid staking derivatives, the Nolus protocol will create a cornerstone use case for LSDs for the Cosmos ecosystem in the form of self-repaying loans.About NolusNolus defines a money market between lenders looking to earn yield on deposited stablecoins and borrowers looking to amplify holdings with more assets than their current equity at lower risk and retained ownership.The Protocol utilizes a semi-permissioned PoS blockchain built using the Cosmos SDK and a WASM smart contract engine that executes in an isolated sandbox model focused on interoperability, security and performance. Interoperability itself is at the core of Nolus' offering as the Protocol utilizes IBC and Interchain Accounts to tap into a diverse set of liquidity hubs without creating fragmentation across chains.After months of testing, Nolus will open its public mainnet in May.Website|Twitter|DiscordContactMarketing and CommunicationsNolus [email protected]

LSD sector tokens rose as much as 22% in the past 24 hours, data shows.