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Forwarded from Polygon Official Announcements (Sumit)
#DeFi #Adoption #PoweredByMatic

India’s largest exchange, WazirX, to launch an automated market maker (AMM) DeFi protocol on Matic Network! 🤝

Binance-owned exchange WazirX is launching an AMM DEX, enabling users to swap crypto assets in a decentralized manner and earn fees by providing liquidity.

WazirX has chosen to build on Matic to overcome the current performance bottlenecks of the DeFi space via our high-speed, low-fee infrastructure.

DEX features:
• Decentralized exchange for pair swaps
• Liquidity provider pools for passive interest
• Accumulate WRX for utilizing the protocol
• Low slippage + instant confirmations

We’re thrilled to be working alongside WazirX to further the DeFi movement! This is just the beginning of our DeFi activities: DeFi projects are quickly recognizing the necessity of Layer 2 and we're seeing huge interest 🥂

🌐 Read more: https://bit.ly/2Y2Uq4F

Retweet: https://twitter.com/maticnetwork/status/1294544417278181376
Hi Sherpas,

After spending the last week finalizing the SAFTs from our Initial Membership Offering, we are excited to announce to you all that we will be launching the ERC-20 version of OM tomorrow, August 18th! Keeping in line with our 888,888,888 OM token supply and our initial Staking APR of 88.88% we found it only natural to launch and list on exchanges on 18/08!

Besides just keeping in line with our MANTRA of 8's, we are also launching in unison with Polkadot's DOT transferability and exchange listings! We are a PolkaDeFi project, and there is no better way for us to show our support for the Polkadot ecosystem than launching together!

We will be carrying out our ERC-20 Token Generation Event tomorrow morning prior to our first listing on BITHUMB GLOBAL! Bithumb Global will open its exchange for deposits starting at 9AM UTC+8, and will allow trading to commence at 10:15AM UTC+8.

We cannot thank our Sherpas community enough for their support and patience, and we cannot wait to continue to grow MANTRA DAO and OM together!

Best,
The Council 🕉

https://support.bithumb.pro/hc/en-us/articles/360052691873
DeFi Innovation: Multi-Asset Liquidity Pool for Options with eGLD & FNX by FinNexus 💹

We’re excited to announce that eGLD will be part of a revolutionary multi-asset liquidity pool for Options, which our DeFi partner FinNexus is building to further increase the efficiency of the multi-trillion dollar derivatives market.

Options are financial derivatives that offer their buyer the right to purchase an underlying asset at a specified price over a time period. The options market is worth multiple trillions of dollars each year, with DeFi & blockchain technology positioned to capture a part of it, thanks to increases in efficiency and decrease of costs.

The Multi-Asset Single-Pool is a revolutionary concept for eGLD and FNX token holders to gain exposure to a variety of bespoke cash-settled options positions on a variety of assets, initially BTC and ETH.

The two partners are already engaged in building and delivering this innovative DeFi scenario for the multi-trillion-dollar markets. The result will provide a highly efficient alternative to Options as financial instruments.

Read more: https://elrond.com/blog/defi-innovation-multi-asset-liquidity-pool-for-options-with-egld-fnx-by-finnexus

RT: https://twitter.com/ElrondNetwork/status/1295331408949514241?s=20
https://uniswap.info/token/0x2baecdf43734f22fd5c152db08e3c27233f0c7d2

MantraDao, currently trading at $0.27 which is
6.75x from Tier 1 private sale,
5.4x from Tier 2 private sale,
4.5x from Tier 3 private sale,

No matter which stage you got into, you are still making money.

Congratulations to all who got into MantraDao.
If you are an investor, plz support the project, because if project grows, you will grow.
Congratulations to MantraDao AMA winners

@Kathdm
@duyeniavl
@dngo8644
@Sadikst
@KaranSharma000
@imelruy
@Agz18
@MsKiwi206
@jpsarmah
@Luisz2210

Plz share your ERC20 address with me (@psquare_pramodm)
PSquare Daily Alpha pinned «Congratulations to MantraDao AMA winners @Kathdm @duyeniavl @dngo8644 @Sadikst @KaranSharma000 @imelruy @Agz18 @MsKiwi206 @jpsarmah @Luisz2210 Plz share your ERC20 address with me (@psquare_pramodm)»
Bithumb Global Will List eGLD! Trading Starts in September after the token swap.

We’re excited to announce that our token will be listed on Bithumb Global! The international exchange will support the Elrond mainnet token swap and list eGLD for trading in September, for eGLD/BTC and eGLD/USDT pairs.

The web interface at https://bithumb.pro is available in 8 different languages, allows the purchasing of cryptocurrency directly with 35 different currencies, which are served by 30 different payment processors.

👉🏻 Read more: https://elrond.com/blog/bithumb-global-will-list-egld-trading-starts-in-september

RT: https://twitter.com/ElrondNetwork/status/1295651422596485120?s=20
Forwarded from Polygon Official Announcements (Sumit)
#DeFi #Adoption #PoweredByMatic

EasyFi is launching a universal layer 2 #DeFi lending protocol for digital assets on Ethereum

Built on top of Compound’s solid codebase & #PoweredByMatic, it will offer faster & low-cost DeFi transactions and sophisticated consumer-centric financial products.

Some of the core functions will include
- Secured (Collateralized) Loans
- Under Collateralized Loans
- Micro-Lending
- Credit Delegation
- Credit Default Swaps

@easyfiNetwork believes in a community-centric approach therefore the protocol plans to hand over complete control, in the near future, to its user’s community through innovative governance modules.

Read full blog post here: http://t.ly/OCoI

Retweet: https://twitter.com/maticnetwork/status/1295750798186438657
MATIC is being listed on leading Indian crypto exchange Bitbns!

📆 Deposits for MATIC is now open, with trading commencing at 9 PM IST today.

🌐 Listing details: bit.ly/2Fu1zEL
Elrond to offer Yield Stake Farming for eGLD via RAMP DeFi

We’re excited to announce stake farming for the Elrond Proof of Stake economy participants will be made available via RAMP DEFI. The startup will offer Elrond Validators the chance to borrow against their staked collateral and use the liquidity to participate in DeFi opportunities.

This collaboration is important for the participants in the Elrond PoS economy because it reduces the cost for engaging with new DeFi opportunities, by enabling them to leverage their staked assets. This will have a positive impact on the amount of eGLD locked into staking, which will increase network security and strengthen the token economy.

“Enabling validators to access immediate liquidity for their locked assets is a great way to significantly increase participation to the DeFi ecosystem. We’re excited to create these options for eGLD staking together with RAMP DEFI” said Beniamin Mincu, Elrond CEO.

👉🏻 Read more: https://elrond.com/blog/elrond-to-offer-yield-stake-farming-for-egld-via-ramp-defi

RT: https://twitter.com/ElrondNetwork/status/1296129906632544257?s=20
Forwarded from Persistence One Official Announcements (Abhitej Singh | Persistence)
#Whitepaper #Resources

Why is there a need for a solution like Persistence One now more than ever?

To answer this and many other intriguing questions, we are thrilled to share our Whitepaper with the Persistence One community 👥

Persistence One is solving the problems in the archaic debt industry which has been in existence for more than 4000 years but with little advancements apart from digitization and alternative loan options, such as P2P lending, in recent years.

The mismatch between the supply and demand of capital around the world acts as a hurdle for businesses to operate seamlessly and often result in high opportunity cost.

At Persistence One, we have devised the optimal solution to tackle this problem of supply and demand. Dive deep into our Whitepaper to know more, and in case you have any question, feel free to reach out to us on our Telegram Community Chat 🗣

Read here: https://persistence.one/static/media/whitepaper.aa159390.pdf

Check the official Tweet here!
DeFi & CeFi Products on Elrond Will Get Access To Off-Chain & Cross-Chain Data via DIA Oracles

We’re excited to announce that Elrond DeFi products and smart contracts will be able to access off-chain & cross-chain information via DIA oracles. Elrond blockchain data will also be made available to DIA users.

The integration is important for the Elrond ecosystem because it enables new DeFi use-cases, either built on the Elrond mainnet or using Elrond assets on other platforms. This will accelerate DeFi growth on Elrond and increase demand for eGLD as an underlying asset.

“DeFi and CeFi solutions depend on trustworthy data to reliably automate their processes and increase efficiency. We’re excited to complement the Elrond high throughput and inexpensive mainnet with the rich data sets provided by the DIA crowd-sourced oracle platforms” said Beniamin Mincu, Elrond CEO.

👉🏻 Read more: https://elrond.com/blog/defi-cefi-products-on-elrond-will-get-access-to-off-chain-cross-chain-data-via-dia-oracles

RT: https://twitter.com/ElrondNetwork/status/1296422472456249346?s=20
Matic Network has onboarded Decentral Games into their network of validators!

Note:
You cannot delegate to DApp partner validators, delegations are currently only available to Matic Foundation nodes (zero commission). Learn how to stake here: https://buff.ly/3eJUOeH