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DeFi News
99Bitcoins
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All You Need to Know About SAROS Crypto: New Generation Liquidity Engine
- Crypto project Saros, known as the "New Generation Liquidity Engine", operates on the Solana blockchain to enhance the DeFi experience with a range of financial tools.
- Saros introduces the Dynamic Liquidity Market Maker (DLMM) v3 solution to address common issues in Solana's DeFi space.
- Starting as SarosSwap, Saros has evolved into Saros V2, offering a DeFi ecosystem that includes various components like the Saros Super App, SarosID, and Saros Farm.
- The recent launch of DLMM v3 aims to streamline DeFi trading on Solana by enabling direct token pooling and trading without intermediaries.
- Saros focuses on providing diverse financial markets for trading, lending, and stablecoins, which contribute to increased liquidity, improved trading, and higher earnings for users.
- The Saros DLMM relies on Automated Market Makers (AMMs) and offers benefits like custom price ranges, enhanced trade execution, and decentralized security.
- Saros stands out with its mobile app designed for easy access to the decentralized market on Solana, along with the SarosID feature for secure digital identity access.
- Saros Finance includes products like SarosSwap, SarosFarm, and SarosStake aimed at enhancing liquidity growth for Solana projects and providing opportunities for passive income through staking.
- The $SAROS utility token powers the Saros ecosystem, facilitating rewards and community engagement, with recent impressive performance including a 17.5% price increase over two weeks.
- Saros crypto's DLMM innovation and expanded suite of financial tools position it as a leading DeFi platform on Solana, with the $SAROS token driving user rewards and community involvement.
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Medium
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Image Credit: Medium
The Code Was Never Just Code
- In the world of decentralized architecture, beyond the technical aspects, a deeper understanding is emerging that transcends mere functionality.
- AIGARTH, the AI oracle layer by Qubic, is not about mimicking humans, but about perceiving and processing without bias.
- There is a shift towards recognizing the importance of intention and values in code, leading to a sense of community and communion in transactions.
- Qubic's approach emphasizes inclusivity and building for the human collective, focusing on resonance and meaning rather than elitism.
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TechBullion
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Image Credit: TechBullion
Ripple Whales Eye Xp.Finance As Next Major XRPL DeFi Token—Set To Launch $XPF Presale
- Following Ripple's recent developments, attention is now shifting towards DeFi projects built on the XRP Ledger, with Xp.Finance gaining significant buzz.
- Xp.Finance is a lending and borrowing protocol catering to XRPL, offering a solution for idle XRP holdings to generate passive income securely.
- The $XPF token at the core of Xp.Finance offers lower borrowing rates, staking rewards, and governance power to its holders, making it essential for users.
- The $XPF token presale is set to launch soon, offering early investors the opportunity to benefit from the promising DeFi protocol's growth potential on XRPL.
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99Bitcoins
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Maple Finance Soars 65% After Binance and Grayscale Endorsements
- Maple Finance's SYRUP token surged 65% following its listing on Binance and endorsement by Grayscale Research.
- SYRUPUSDT prices are anticipated to surpass $0.40, indicating new highs for the token.
- While Maple Finance thrived, other DeFi tokens like Lido, Hype, and Uniswap faced challenges, experiencing losses in the past 24 hours.
- Grayscale's recognition of Maple Finance's role in promoting DeFi showcases the project's potential and strategic positioning in the market.
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TheNewsCrypto
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Blockchain Oracles Bring Real-World Data On-Chain To Fuel Automation in DeFi, Insurance, Gaming & More
- Blockchains face limitations in accessing real-world data, hindering wider adoption for applications beyond cryptocurrency.
- Blockchain oracles act as intermediaries, providing access to external data sources for blockchains to execute smart contracts.
- Oracles retrieve data from sources like API calls, IoT sensors, and web scraping, verify its accuracy, and transmit it to blockchains for use.
- They are crucial for decentralized finance (DeFi), enabling cross-chain transactions, price feeds, and lending protocols.
- Oracles fuel tokenization of real-world assets and support AI agents in DeFi for automated trading and yield farming.
- Future applications of oracles include supply chain management, insurance automation, NFTs, and gaming industries.
- Supply chains benefit from oracles for transparency, traceability, regulatory compliance, and inventory management.
- Decentralized insurance uses oracles for real-time data on weather, crop yields, and flight delays to automate claim verification and payouts.
- Blockchain-based games like Sorare utilize oracles to update player-based NFTs with real-world sports data.
- Overall, data oracles enhance blockchain automation, enabling more efficient and dynamic applications across various industries.
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Cryptopotato
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Image Credit: Cryptopotato
Inside 1inch with Aleksandra Fetisova: From Institutions and Memes to the Future of DeFi
- 1inch, a decentralized exchange aggregator, is at the forefront of DeFi innovation.
- Recent upgrades include Fusion, a gasless cross-chain solution, improving swap experience for users.
- 1inch focuses on security through rigorous audits and minimalist smart contract designs.
- 1inch expanded to Dubai, anticipates institution involvement in DeFi, emphasizes education on meme coins, and eyes tokenization of real-world assets and AI integration for future growth.
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Livebitcoinnews
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Image Credit: Livebitcoinnews
SEC Hosts Tokenization Talks with Finance and Crypto Giants
- The SEC is hosting a roundtable on tokenization, bringing together experts to discuss its impact on real-world assets.
- Key players from major financial and crypto institutions like BlackRock, Fidelity, and Nasdaq will participate in the event on May 12.
- Tokenization involves converting assets into digital tokens on blockchain, improving liquidity, settlement times, and global accessibility.
- The SEC's focus on tokenization highlights its importance in the next wave of crypto development and the need for regulatory clarity in the space.
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Dev
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Image Credit: Dev
Smart Contracts: Automating Compliance in Asset Tokenization
- Asset tokenization involves converting real-world assets into digital tokens on a blockchain, offering benefits like increased liquidity and fractional ownership.
- Smart contracts play a crucial role in automating compliance in asset tokenization by enforcing legal requirements automatically.
- They ensure that every tokenized asset transaction complies with regulations, reducing human error and enhancing efficiency.
- Key features of smart contracts include automation, transparency, immutability, and security.
- They can automate compliance tasks such as KYC/AML verification, accredited investor checks, jurisdictional restrictions, and automated reporting.
- Real-world applications like Zoniqx and ChainUp have successfully integrated smart contracts to streamline compliance in asset tokenization.
- Automating compliance with smart contracts leads to increased efficiency, accuracy, transparency, and scalability in financial transactions.
- Challenges include the complexity of programming, regulatory uncertainty, security risks, and integration with off-chain data.
- The future of smart contracts in compliance is expected to expand as technology advances and regulatory frameworks evolve.
- Smart contracts offer a promising solution for automating compliance and ensuring regulatory adherence in the digital finance landscape.
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Hackernoon
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Image Credit: Hackernoon
Even if Decentralization Could End Censorship, Would We Let It?
- The article discusses the pervasive nature of censorship and its acceptance in some societies, highlighting the move towards decentralization in the age of Web3 as a potential solution for freedom of speech.
- Centralized censorship is depicted as efficient, with corporations and platforms playing a significant role in filtering content and shaping narratives to encourage self-censorship.
- Current decentralization efforts aim to distribute power across protocols and networks, making it difficult for any single entity to suppress voices entirely.
- However, the article emphasizes the need for decentralized tools to be more user-friendly to compete with centralized platforms, as usability often triumphs over principle.
- Decentralization faces the challenge of making censorship more tangible and relevant to users who may not perceive current censorship issues as a threat.
- The article suggests a shift towards offensive tools in decentralization, where attempts to suppress speech are met with increased visibility and support, making censorship high-cost and publicly embarrassing.
- By making censorship visible and relatable, decentralization aims to incite personal investment in the fight for freedom of expression.
- The ultimate challenge for decentralization lies in reshaping psychology and culture to prioritize personal freedom and the right to speak and be heard.
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TheNewsCrypto
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Trish Turner Appointed Head of IRS Crypto Unit Amid Resignations
- Trish Turner appointed as head of the IRS digital assets unit following the resignation of two previous leaders.
- The IRS faces internal turmoil as over 23,000 employees signal their intent to resign.
- Turner, who has been with the IRS for over twenty years, takes over during a period of shifting crypto policies and internal challenges.
- The IRS has increased scrutiny of crypto transactions and introduced the DeFi broker reporting rule, which was later repealed by President Trump.
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Global Fintech Series
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Image Credit: Global Fintech Series
IntoTheBlock and Trident Merge to Launch Sentora, Securing $25M to Create First Compliant Institutional DeFi Platform for Yield, Liquidity and Risk Management
- IntoTheBlock and Trident have merged to form Sentora, an institutional DeFi platform for yield, liquidity, and risk management.
- Sentora is securing up to $25 million in Series A funding, led by New Form Capital, to cater to institutional DeFi solutions.
- Sentora aims to bridge the gap for institutions interested in DeFi by offering a comprehensive platform that addresses market risks, regulatory uncertainties, and lack of offerings for institutions.
- This merger is expected to bring over $3 billion in historical DeFi institutional deployments and aims to set new standards for institutional access to DeFi.
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TheNewsCrypto
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US SEC’s May 12 Roundtable to Focus on Tokenization & DeFi
- SEC to host roundtable on May 12 focusing on tokenization and DeFi, featuring leaders from BlackRock, Nasdaq, Fidelity, and Robinhood.
- SEC Commissioner views tokenization as a significant innovation in financial markets, expecting discussions on regulatory approaches.
- The event aims to explore blockchain’s role in revolutionizing traditional finance and will have panels discussing market impacts and regulatory considerations.
- SEC's collaborative crypto regulation approach evidenced by previous roundtables; top executives from major financial institutions to participate in the upcoming event.
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TronWeekly
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Image Credit: TronWeekly
Can Tokenization Bridge TradFi and DeFi? SEC Roundtable to Address Financial Innovation
- SEC to host a roundtable on tokenization bridging traditional finance (TradFi) and decentralized finance (DeFi) on May 12.
- Commissioner Hester M. Peirce believes tokenization could revolutionize capital markets as it impacts various aspects of financial markets.
- Top industry experts from Nasdaq, Fidelity, and BlackRock will participate in the SEC's tokenization discussion.
- The roundtable aims to address regulatory challenges concerning digital assets and will have sessions on capital markets 2.0 and the future of tokenization.
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Bitcoinsensus
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Image Credit: Bitcoinsensus
ICOs & Top Coins: GamersXP, Tordess & VIRTUAL, FORM, QNT, HYPE
- $GMXP by GamersXP is a GameFi-oriented platform with achievement-based rewards
- $TDS by Tordess offers a trading ecosystem with up to $100K in funding and a utility token
- VIRTUAL by Virtuals Protocol experienced a 27.60% gain, followed by FORM, QNT, and HYPE with gains of 19.63%, 16.69%, and 15.73% respectively
- The week showcased moderate growth for DEXE, CRV, AAVE, LAYER, and XMR, indicating persistent interest in infrastructure coins and a shift towards advanced and efficient DeFi solutions
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Solana Addresses Severe Minting Bug, Community Demands Transparency
- Solana discovered and quietly fixed a critical bug in the Token-2022 standard, which could have allowed attackers to mint unlimited tokens or withdraw money from users' accounts without their knowledge.
- The flaw was related to a fault in Solana's ZK ElGamal Proof program, impacting trust in open blockchain governance and raising questions about decentralization.
- Despite the bug being swiftly fixed with no reported exploits, the silent release of the patch drew criticism from the community, questioning the transparency of Solana's actions.
- The incident has sparked a debate within the crypto community on how to balance rapid bug resolution with transparent governance, highlighting the complexities of power distribution within blockchain networks.
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