Binance has announced the next IEO - Sandbox.

Launchpad Hard Cap: 3,000,000 USD
1 SAND = $0.008333
Token Sale Format: Lottery
Max Number of Winning Lottery Tickets: 15,000
Allocation Per Winning Ticket: 200 USD

Lottery:
BNB hourly snapshots: Aug 6, 0:00 - Aug 13, 0:00 UTC.
Ticket claim: Aug 13, 6:00 - Aug 14, 6:00 UTC
Announcement of winners: Aug 14, 8:00 UTC.

https://www.binance.com/en/support/articles/b8e11c5870ba4d16810839473e69a90d
https://research.binance.com/en/projects/the-sandbox

💹 Liquid Staking for Elrond PoS Participants via Stafi Integration

We’re excited to announce that participants in the Elrond Proof of Stake economy will get access to liquidity for their staked collateral via integration with Stafi Protocol. Staking-Finance is a novel DeFi protocol type that makes it possible to use the value locked for staking in DeFi scenarios.

The Stafi team are developing a decentralized network for staking smart contracts that can further be linked to proof of stake blockchains, such as Elrond. Instead of staking natively on Elrond, a participant can choose to stake through the Stafi blockchain, and immediately receive rTokens, proportional to the amount of eGLD staked.

The resulting rTokens reGLD are pegged 1:1 in value with eGLD and will be tradable or usable in DeFi scenarios i.e. for collateralizing a loan. The staked eGLD can be redeemed by the respective token owner, together with the accrued rewards.

“The addition of liquidity options for Elrond staking will attract more sophisticated participants to the Elrond economy. This in turn will lead to more value locked into it, resulting in increased security and stability for our network. We’re happy to explore this avenue together with Stafi” said Beniamin Mincu, Elrond CEO.

👉🏻 Read more: https://elrond.com/blog/liquid-staking-for-elrond-pos-participants-via-stafi-integration

RT: https://twitter.com/ElrondNetwork/status/1290955187042091008?s=20

Introducing UniLend Finance
- A brand new Defi project by Chandresh, a former team member of Matic Network

Read More :
https://twitter.com/chandresh1091/status/1291086758956785664?s=20

Join & support : @UniLendFinance

Congratulations on your new journey Chandresh..🥳

Scalable Decentralization for Financial Applications on Elrond Mainnet via Bluzelle Database Layer 💹

We’re excited to announce that we are working with Bluzelle to provide applications built on the Elrond mainnet access to a fully decentralized database layer. Bluzelle is a tamper-proof data network that has greater privacy, scalability, and availability than traditional solutions.

“This is an important milestone for organizations looking to leverage Elrond’s high throughput & inexpensive mainnet for financial applications involving blockchain. A decentralized database layer is indispensable for such scenarios. We’re excited about this step we’re taking with Bluzelle.” said Beniamin Mincu, Elrond CEO.

The integration with Bluzelle offers companies building on the Elrond mainnet access to a convenient database solution that has high levels of performance, privacy & availability, enabling the creation of truly decentralized applications. The ongoing research around Elrond’s Smart Account features will provide additional synergies that are set to unlock innovative use-cases for blockchain technology.

👉🏻 Read more: https://elrond.com/blog/true-end-to-end-scalable-decentralization-for-financial-applications-on-elrond-mainnet-via-bluzelle-database-layer

RT: https://twitter.com/ElrondNetwork/status/1291335035010928642?s=20

@UniLendFinance 🔥🔥🔥

DEFI hype -
95% scam & 5% honest projects
Be careful where you invest.
Many got burnt in 2018 ico scams, just don't invest blindly.

YFI on binance

https://www.binance.com/en/support/articles/a2e3970cd7334b659d426e547f7bcea0

Ⓜ️ Maiar - App Demo & Features Break-down

All you need to manage money is your phone and Maiar. Here is an early look at our money & #DeFi app. The interface undergoing constant changes thanks to the fast feedback iterations with the first wave of Maiar users.

If you want to learn more about its features, and why they are the next evolution for financial management, you can watch our COO Lucian Todea explain them in this video:

📺 https://youtu.be/ZwdgPDmKJVk

Identity & Data Management for Elrond Users & Apps via Ontology Partnership

We’re excited to announce our collaboration with Ontology with the goal of offering Elrond users and applications access to the decentralized identity framework and data management features of Ontology.

The ONT ID layer will be usable in conjunction with the Elrond blockchain, for example allowing users to authenticate against an Elrond application using their Ontology ONT ID. Furthermore, a bridge will connect the two blockchains, allowing assets to be moved between the two chains.

The integration with Ontology broadens the possibilities for Elrond developers to leverage a powerful cross-chain framework for identity & access management and tap into a growing market-place of user-centric monetizable data.

“This integration enables shorter time to market for applications looking to deploy complex business logic onto the Elrond blockchain. The Ontology identity framework decreases the effort required for implementing comprehensive identity & access management processes in applications built on our mainnet.” said Beniamin Mincu, Elrond CEO.

👉🏻 Read more: https://elrond.com/blog/identity-data-management-for-elrond-users-apps-via-ontology-partnership

RT: https://twitter.com/ElrondNetwork/status/1292809836598525952?s=20

#Mainnet #Staking

Phase 1 of our staking rollout is now complete! Onwards to an increasingly decentralized network

During Phase 1, a total of 11 validators were added to the network, including our DApp partner validators:
• Infosys - $40bn Indian tech icon
• ChainGuardians - Anime-style NFT game building on Matic
• Biconomy - UX enhancement solution utilizing meta transactions
• Torus - Leading wallet provider backed by Coinbase & Binance

With the start of Phase 2, we are opening up the network to 25 additional public validators! More will follow. Individual entities can participate in the auctions for validator slots.

Current staking results:
📈 Over 25% of the MATIC circulating supply staked (~813m MATIC)
🦾 Current APR over 38%
💰 Staking rewards distributed: ~47.5m MATIC (~$1.1m)

Thank you to everyone who is helping to secure the network via staking! If you're not staking your MATIC yet, learn how here: https://buff.ly/3eJUOeH

Retweet: https://twitter.com/maticnetwork/status/1292878848200044544

So many opportunities with this DEFI craze...💸🤑💲💰

Take out 405k loan.
Use 45k + 405k loan to swap 450k usdc for 492k usdt.
Pay back 405k loan.
Profit 42k - 2k transaction fee.

Clearer explanation :

1) Trader had $45K USDC, borrowed another 405k to give them $450K USDC

2) Traded that $450K USDC for $492K USDT on Uniswap

3) Traded the $492K USDT for $492K USDC on curve

4) Paid off $405K loan

Started with $45K USDC, ended with $87K USDC, and paid $2K in fees. $40K profit.

Good start I would say..

https://support.bithumb.pro/hc/en-us/articles/360051990594-BG-Learning-Season-1-Rules-MANTRA-DAO-OM-

DeFi & Payments: Meta-Stable Coin “MTR” Comes to Elrond via Meter Blockchain Partnership

We’re excited to announce that the new meta-stable coin “MTR” will be issued on the Elrond blockchain, to be used for payments and DeFi scenarios.

Meter is an innovative blockchain solution that pegs its value token MTR to the electricity cost of producing it via PoW, resulting in a coin whose value is more stable over time than fiat.

Thanks to our innovative Elrond Standard Digital Token (ESDT) model, MTR coins will be transferable on our mainnet at high speed and negligible fees.

The collaboration brings a new stable coin to Elrond, providing additional options for DeFi & payments scenarios, especially to those looking for stability beyond what pegging to traditional fiat currencies can provide.

👉🏻 Read more: https://elrond.com/blog/defi-payments-meta-stable-coin-mtr-comes-to-elrond-via-meter-blockchain-partnership

‼️Announcing an official public AMA with MANTRADAO team in our community group @flipORhodlChat

👉 Join Public AMA at @flipORhodlChat

⏰ Date : 13th August, Thursday
⏰ Time : 8PM IST / 3 PM UTC

🎁 Rewards :
Top 10 questions will be exclusively selected by MANTRADAO team and will be rewarded $20 USD worth OM tokens each.

Terms :
1. To participate, you have to join https://news.1rj.ru/str/flipORhodl and https://news.1rj.ru/str/flipORhodlChat

2. Tokens will be distributed on the day of listing

More info you can find in our telegram community chat @flipORhodlChat

Join our Crypto updates Channel : @flipORhodl
Join our Crypto Community Chat : @flipORhodlChat

‼️Announcing an official public AMA with MANTRADAO team in our community group @flipORhodlChat

👉 Join Public AMA at @flipORhodlChat

⏰ Date : 13th August, Thursday
⏰ Time : 8PM IST / 3 PM UTC

🎁 Rewards :
Top 10 questions will be exclusively selected by MANTRADAO team and will be rewarded $20 USD worth OM tokens each.

Terms :
1. To participate, you have to join https://news.1rj.ru/str/flipORhodl and https://news.1rj.ru/str/flipORhodlChat

2. Tokens will be distributed on the day of listing

More info you can find in our telegram community chat @flipORhodlChat

Join our Crypto updates Channel : @flipORhodl
Join our Crypto Community Chat : @flipORhodlChat