Liquity(LQTY)

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]

Synthetix Network (SNX) is a decentralized crypto project that rose to popularity with its non-blockchain assets. Liquity (LTQY) is another innovative project based on Ethereum that enables users to draw loans. Uwerx is an upcoming project that intends to revolutionize the freelance industry and provide numerous benefits to freelancers and investors. The price prediction for Synthetix Network (SNX), Liquity (LTQY), and Uwerx is expected to be positive this year. Read on to know more about the expected gains of these three projects in 2023. Synthetix Network (SNX) Price Surges With Its Robust Liquidity Synthetix Network (SNX) provides deep liquidity and low fees. Its popularity is due to its role as a backend for multiple projects built on Ethereum and Optimism. Synthetix Network (SNX) focuses on widening the crypto space by including non-blockchain assets, which results in easy access to a robust financial market. The current price of Synthetix Network (SNX) is $2.37, and its 24-hour trading volume is $31,427,115. Analysts predict a positive price momentum for Synthetix Network (SNX). The token is expected to increase to $4.13 by the end of 2023. Uwerx (WERX) to Outperform Other Cryptos With Its Unique Features Uwerx will focus on the freelance industry, aiming to bring about better rewards for freelancers and substantial returns for investors. The freelance industry is undergoing rapid growth due to the increasing shift of businesses toward the gig economy. As per a Forbes report, 20% of companies stated that they will increase their dependence on freelancers in 2021, with an additional 60% stating their dependence was consistent with the previous year. While the freelance sector is burgeoning, it also faces many problems like lack of trust, overt control by middlemen, transactional hurdles, expensive fees, and more. Uwerx is expected to overcome the obstacles faced by the industry with its decentralized blockchain technology. Being built on the Polygon network, it grabs attention with its unique characteristics, such as: ● Incentivization that will serve as motivation and increase engagement for freelancers ● Integrated collaboration tools for efficient work processes ● Personalized matching that will help freelancers find the right projects ● Transparent pricing that would ensure increased trust and an equitable marketplace ● An inbuilt conflict resolution system Liquity (LTQY) Shows Positive Price Prediction Liquity (LTQY) is a decentralized crypto platform that focuses on enabling efficient loan processing. Built on the Ethereum network, the Liquity (LTQY) platform allows Ether holders to draw loans in LQTY form. Loan issuance fees and redemption are algorithmically adjusted. Liquity (LTQY) is now available at the price of $1.47 and has a 24-hour trading volume of $10,197,324. Price prediction for Liquity (LTQY) indicates a positive uptrend in 2023, and the price is expected to increase to a maximum value of $3.49 by the end of 2023. Uwerx (WERX) Price Prediction The current price of the Uwerx token is $0.012 and is expected to increase as the ongoing presale progresses. Once the presale ends, the liquidity will be locked and remain so for 25 years. As a project with real-world value and tangible users, Uwerx could solve many of the issues that plague the freelance market. Its full audit approval by InterFi Network and Solidproofcompanies is an encouraging sign to prospective investors. Additionally, an announcement was made by the team that they gave up the ownership of smart contracts once taxes were reduced to zero. We believe Uwerx can likely become a future blue-chip crypto used by millions worldwide. Analysts expect its price to increase to $1.20 by Q3/Q4 2023. Uwerx (WERX) Presale Grabs the Attention of Whales Synthetix Network (SNX) and Liquity (LTQY) have good price predictions, but the future outlook for Uwerx is excellent. Uwerx presale is in progress, and the huge response for the presale indicates the popularity and inherent value of the project. As experienced investors know, early projects with high growth potential, like Uwerx, can provide substantial gains. The various advantages and growth potential of Uwerx make it an ideal investment choice. With its immense growth potential, its current price of $0.012 will increase as the presale progresses. Now is the best time to grab this crypto before it explodes in value. Visit the links below to know more about the Uwerx presale. Presale: invest.uwerx.network Telegram: https://t.me/uwerx_network Twitter: https://twitter.com/uwerx_network Website: https://www.uwerx.network 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.