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

#ExchangeListing #IDRPairing 🇮🇩

Indonesia’s biggest cryptocurrency exchange, Indodax, has listed MATIC with our first-ever official IDR pairing!

Indodax is Indonesia’s leading cryptocurrency exchange, with over 2.1 million registered users. They offer fiat-to-crypto trading pairs and a range of features to provide a seamless trading experience.

Indodax users can now trade MATIC via the MATIC/IDR trading pair.

🌐 Full details: https://blog.indodax.com/matic-listing-on-indodax/

We’re thrilled to be becoming more deeply integrated into the rapidly growing Indonesian crypto community!

Retweet: https://twitter.com/maticnetwork/status/1293911746608955392

Build Your Own Payments & Incentives Using Elrond Assets via Fuse Network

We’re excited to announce that Elrond assets will be usable on the Fuse Network in payments, business & community incentives, and loyalty programs.

Fuse has already been deployed in a number of scenarios in Spain, South Africa, and Indonesia, and it is being researched as a component of a Universal Basic Income solution.

The integration brings additional utility to eGLD and other Elrond mainnet assets through exposure to a large user-base which will use them in business scenarios on a daily basis, creating more value for the ecosystem.

“The Fuse products suite abstracts technology and complexity in a way that makes the blockchain use case compelling for the regular person. This kind of user experience can be a powerful catalyst for Elrond assets to be utilized in business scenarios on a daily basis.” said Beniamin Mincu, Elrond CEO.

👉🏻 Read more: https://elrond.com/blog/payments-incentives-using-elrond-assets-via-fuse-network

RT: https://twitter.com/ElrondNetwork/status/1294253209683480580?s=20