Saddle And Ondo Integrations

Saddle and Ondo integrations results to utilize Ondo’s LaaS to launch their $SDL token. On April 23, the Saddle community passed SIP-13 with 6.1M (73.64%) positive votes to unlock their SDL token and launch liquidity via Ondo’s Liquidity-as-a-Service (LaaS) offering. Saddle will become the first project to utilize LaaS for the launch of a token.

Saddle will supply 16.66M SDL to the variable tranche of Ondo’s liquidity vault. Frax will match the tokens to supply 5M FRAX to the fixed tranche, resulting in a liquidity pair with an implied initial price of $0.30 per token.

The liquidity pool (LP) will be available to trade on Sushiswap.

What is LaaS?

LaaS helps DAOs and other token issuers ramp up their liquidity in a cost-efficient way. Ondo unbundles LP positions using a vault with two tranches for single-sided deposits.

The senior (fixed-yield) tranche receives a stable APY for providing liquidity to the vault. The junior (variable-yield) tranche receives a dynamic APY which fluctuates based on the performance of the liquidity pool. In this instance, Frax will receive a fixed APY, while Saddle will receive a variable APY.

Once a vault is created, Ondo supplies the liquidity on a decentralized exchange; in this case, Sushiswap. After a fixed duration, Ondo will withdraw the liquidity and pay the fixed-yield depositor (Frax) their principal along with the fixed annualized return. The variable-yield depositor (Saddle) will then receive all remaining returns from the pool in the form of their native token (SDL).

How does LaaS benefit SDL & FRAX?

With LaaS, Saddle will achieve twice as much liquidity from the same amount of capital. This allows for a deep LP during the launch of the SDL token, with a total LP value of $10M. As quoted in SIP-8, “tokenomics are a critical missing piece for bootstrapping the protocol, TVL, and volume. There must be enough SDL liquidity to mitigate undesirable price action and negative feedback loops.”

Saddle is combining deeper liquidity with vote escrowed (ve) tokenomics, which lets users lock their governance tokens for different lengths of time in order to gain increased voting power.

For Frax, the vault will provide a stable APY while minimizing the risk of impermanent loss. Their FRAX stablecoin will also benefit from additional liquidity and will be the only token that SDL can initially be traded against.

ABOUT Saddle
Saddle is a decentralized automated market maker (AMM) on the Ethereum blockchain, optimized for pegged value crypto assets such as stablecoins and wrapped BTC. Saddle enables cheap low-slippage swaps for traders, and high-yield pools for liquidity providers.

Website | Twitter

ABOUT Frax 
Frax is the first fractional-algorithmic stablecoin protocol. The Frax protocol is a two-token system encompassing a stablecoin, Frax (FRAX), and a governance token, Frax Shares (FXS). FRAX is partially backed by collateral and partially stabilized algorithmically.

Website | Twitter

ABOUT Ondo Finance
Ondo Finance is an open, permissionless, decentralized investment bank. Ondo’s core business is to service and connect various stakeholders in the emerging DeFi ecosystem.

Website | Twitter

RESOURCES
Medium

Saddle And Ondo Integration

Sheesha Finance partners with Poolz

Sheesha Finance partners with Poolz a decentralized launchpad that exposes users to high-potential crypto projects on a variety of blockchains. Sheesha Finance has established a new partnership with Poolz Finance. Poolz…

Sheesha Finance partners with Poolz

Webhelp Collaborates The Sandbox

Webhelp collaborates The Sandbox to help build community engagement both inside and outside the game environment. Partnership Benefits The partnership will see Webhelp provide The Sandbox gaming community with in-game…

Webhelp Collaborates The Sandbox

OpenLuck Integrates Chainlink

OpenLuck integrates Chainlink trust-minimized services on BNB Chain testnet, with mainnet integrations to follow. Automating Crowdfunding With Chainlink Keepers Automating the crowdfunding process is important as it allows OpenLuck to seamlessly…

OpenLuck Integrates Chainlink

Metacity Partners with Filecoin

Metacity partners with Filecoin to develop new solutions in the open metaverse and other fields of common interest. The collaboration will see the support of Filecoin for Metacity in decentralizing client…

Metacity Partners with Filecoin

WWVentures Partners with Kaidro!

WWVentures is extremely delighted to announce its latest partnership with Kaidro, a virtual universe built by Gadget-Bot. About the Project After working with entertainment giants such as Activision, Paramount and…

WWVentures Partners with Kaidro

TrustFi Partners with Backstage

TrustFi has partnered with Backstage, A decentralized ecosystem powering the events industry via NFT ticketing platform and metaverse. Features of Backstage Marketplace – Where all economic activity in the events…

TrustFi Partners with Backstage

KLON’s Partnership with BLOKPAD

KLON is extremely delighted to announce new partnership with Blockpad, the first-ever launchpad set in the Metaverse owned by Bloktopia! Blokpad launchpad supports early-stage projects in the crypto space by…

Klon Partner with Blockpad Launchpad

ERAX Partners with IKONIC!

ERAX is extremely delighted to announce new strategic partnership with IKONIC, world’s first Esports NFT marketplace. The IKONIC platform brings Gamers and Esports celebrities together to create, collect, and earn…

ERAX Partners with IKONIC!

Elemon and Caduceus Partnership

Elemon has announced its officially partnership with Caduceus – One of the top emerging Metaverse infrastructure projects.  Within this partnership, Elemon and Caduceus will provide each other mutual support to…

Itheum Partners with WonderHero

Itheum has entered into a brand new strategic partnership with WonderHero, the highly popular P2E (Play-to-Earn) mobile game. Together, they will partner and collaborate to bring Itheum’s flagship Gamer Passport…

Itheum Partners with WonderHero

Polylastic and BitKeep Partnership

Polylastic has entered into a strategic partnership with BitKeep wallet, a leading cryptocurrency storage platform supporting various chains and a multitude of crypto assets. Firstly, with this partnership Polylastic users…

Bullieverse Integrates Chainlink VRF

 Bullieverse — a fantasy metaverse filled with friends, games, and rewards — has integrated Chainlink Verifiable Random Function (VRF) on Ethereum and Polygon. This integration will help Bullieverse fairly distribute Bear NFTs, the…

Ultiverse Partnership with Corite

Ultiverse Partnership with Corite to let artists build and explore metaverse. Ultiverse partnership with Corite — a music funding platform that is revolutionizing how artists and fans interact in mutually…

RedHat Capital Partners with Walken

RedHat Capital is extremely delighted to partner with Walken, World’s first walk-to-earn game, Connecting healthy lifestyle, gaming & crypto. Growing DeFi The Walken platform embodies an opportunity to onboard thousands…

RedHat Capital Partners with Walken

DeFi Notification Supports Opensea

DeFi Notification supports Opensea, the leading NFTs marketplace, to provide its users with free mobile notifications for on-chain events. OpenSea users can now receive real-time notifications from OpenSea to better…

DeFi Notification Supports Opensea

MOR liquidity on Fantom

MOR liquidity on Fantom — GrowthDeFi provide users with the most efficient earning power through their products. MOR now allows Fantom users to deposit both LPs and single assets in vaults…

MyCointainer partners with FIO

MyCointainer partners with FIO to integrate FIO Protocol, FIO Token, and FIO Staking.  MyCointainer partners with FIO to integrate the FIO Protocol into the MyCointainer platform. Users of the MyCointainer…

MyCointainer Partners with FIO

NOWPayments partners with Switchere

NOWPayments partners with Switchere to make fiat withdrawals accessible for everyone.  NOWPayments partners with Switchere to roll out a new fiat payout solution. The solution allows the merchants to withdraw any…

NOWPayments partners with Switchere

Komodo Staking On Guarda

Komodo staking on Guarda is now available. Users can even calculate how they would when they start staking KMD. Komodo is an open technology workshop and educational hub. Over the…

Komodo Staking On Guarda

SubQuery Partners with Yuser

SubQuery is thrilled to announce a partners with Yuser. Allow to display up-to date blockchain data across its multiplatform app and tokenized NFT SubQuery Partners with Yuser The services provided by SubQuery allow Yuser’s development…

SubQuery Partners with Yuser

Zilliqa Listed on DappRadar

Zilliqa is listed on DappRadar, the platform that brings high-quality, accurate insights on decentralized applications to a global audience and has rapidly become the go-to, a trusted industry source. A…

Zilliqa Listed on DappRadar

Encentive Integrates with Perpetual Protocol

Encentive integrates with Perpetual Protocol to enable Encentive module builders and end-users to access decentralized and permissionless futures trading capability through Perpetual Protocol.  Encentive is poised to exponentially increase crypto adoption…

Encentive Integrates with Perpetual Protocol

SpiderDAO Nest Staking Program

Finally, SpiderDAO Nest Staking Program is now on the Moonriver Network. What’s more, SpiderDAO Nest staking Program is now available on the Moonriver Network. AnySwap enables current or new $SPDR…

SpiderDAO Nest Staking Program

Dia Join Forces With Dopex

Dia join forces with Dopex. To provide transparent price feed oracles to enable the launch of a single staking option vault on Metis Andromeda. Firstly, Dopex aims to maximize liquidity,…

Dia Join Forces With Dopex

Spin Partners with NearPay

Spin partners with NearPay to provide users with a powerful solution for fast and safe fiat-to-crypto payments built on NEAR protocol. Therefore, they plan to integrate the NearPay widget, which will…

Spin Partners with NearPay

COTI partners with GeroWallet

COTI partners with GeroWallet to explore ways to integrate Djed and ADA Pay. GeroWallet is a cryptocurrency wallet extension for accessing Cardano-powered dApps in your browser. Coti partners with GeroWallet,…

COTI partners with GeroWallet

The Oasis Ecosystem Fund

The Oasis Ecosystem Fund reaches $235 million and will be used to invest in projects building on the Oasis Network. The Oasis Ecosystem Fund continues to expand rapidly with an…

The Oasis Ecosystem Fund

Subquery Partnership With Yuser

Finally, SubQuery partnership with Yuser, an ecosystem built to make NFTs and other digital assets easy-to-use across the Polkadot ecosystem. SubQuery enables Yuser to display up-to-date blockchain data across its multi-platform…

Subquery Partnership With Yuser

QoWatt partners with ZoidPay

QoWatt partners with ZoidPay a crypto liquidity platform enabling instant card issuance for purchases at any merchant at the lowest fees. QoWatt, is the first French green startup powered by…

QoWatt partners with ZoidPay

Kommunitas To Host INO For iSTEP

Kommunitas to host INO for iSTEP, a health-related mobile application that encourages users to live a healthier lifestyle. Start walking, jogging, or running after opening iSTEP. Putting on correct sneakers…

Kommunitas To Host IDO For iStep

Introducing AFKDAO token updates

Introducing AFKDAO token updates, a piece of brief information about AFKDAO token usage and function, supply as well as distribution information. Despite the challenging market condition, the AFKDAO team is still pushing…

AFKDAO TOKEN INFORMATION

Uno Re partners with Paycer

Uno Re partners with Paycer, the platform that provides cross-chain operability and aggregates certain DeFi products from different blockchains.  The Paycer team is developing a bridge protocol that aggregates DeFi…

Uno Re partners with Paycer

Tellor launches on Algorand

Tellor launches on Algorand mainnet. In an effort to facilitate a multi-chain ecosystem, the Tellor oracle has been re-implemented for the Algorand Virtual Machine (AVM). On Algorand, Tellor oracles continue…

Tellor launches on Algorand

West Ham United partners with PEAKEFI

West Ham United partners with PEAKEFI,  as the Club’s inaugural Official Decentralized Asset Management Partner. What is PEAKDEFI? PEAKDEFI is a self-funded project that provides independent finance for their community….

West Ham United partners with PEAKEFI

Introducing Meter.io Grant Program

Introducing Meter.io Grant Program that intends to encourage innovative builders and developers to collectively build the Meter ecosystem. The Meter ecosystem is a high-performance infrastructure that scales and connects the…

Introducing Meter.io Grant Program

Sending TZEN to Cobalt Wallet

Sending TZEN to Cobalt Wallet in a simple manner to Horizen chain. Horizen is powered by the most robust and secure public infrastructure enhanced with multiple security layers. Horizen’s distributed…

Sending TZEN to Cobalt Wallet

Propel and Rage.Fan Partnerhsip

Propel has announced its strategic partnership with Rage.Fan, a fan-first decentralized sports platform. Rage.Fan is a one Stop Solution for Fantasy Sports, NFTs, Predictions and Crypto Play. And it is…

EFUN and ARCUS Integration

EFUN has announced its new Integration with ARCUS, with the recent launch of countless Play-To-Earn Games powered by blockchain. Firstly, with this Integration, ARCUS will be integrating EFUN’s decentralized prediction…

Lido Partners With Forta

Lido partners with Forta, the first decentralized network delivering real-time intelligence on the security and health of Web3. Furthermore, Lido Finance is one of the largest DeFi protocols ranked by funds…

Lido Partners With Forta

CLV Organises Joint Campaign

CLV organises joint campaign with Multichain, Seasonswap and Project Galaxy. Above all, CLV organises Joint Campaign so users gain a share in the $35,000 worth of CLV reward pool and win…

CLV Organises Joint Campaign

Hubble and Lido Partnership

Hubble Protocol, a DeFi and stablecoin project on Solana, announced its partnership with Lido Finance, an industry-leading multichain liquid staking protocol. Partnership HighLights This partnership of Hubble and Lido Finance took…

Hubble and Lido Partnership

Equilibrium Now Supports Talisman

Equilibrium now supports Talisman Wallet, which is a community-owned wallet built for Polkadot, Kusama the Parachains.  The Talisman browser extension allows you to safely store, send, receive, and harness your…

Equilibrium Now Supports Talisman

SolDoge and RACE Poker Partnership

Race Poker, a Web3 online poker platform on the Solana blockchain, leveraging decentralized technology, has announced its partnership with SolDoge, a next-gen meme coin with attitude, running on Solana and powered…

SolDoge and RACE Poker Partnership

$725 Million Flow Ecosystem Fund

Flow Blockchain’s $725 Million Flow Ecosystem Fund is designed to hypercharge innovation and growth across the Flow community. The Flow Ecosystem Fund’s global investor group includes industry-leading firms that have…

$725 Million Flow Ecosystem Fund

Upcoming Launch Of Enhance Swap

Introducing the upcoming launch of  Enhance Swap. Enhance is the perfect companion to SafeMoon. Buy and hold Enhance to earn SafeMoon, automatically to your wallet. Through Enhance smart contract, take…

Upcoming Launch Of Enhance Swap

Investin and Friktion Integration

Friktion brings high-quality risk management, volatility markets, and yield generation to DeFi, which has announced its integration with Investin, the first Decentralized Asset Management protocol live on the Solana blockchain….

Investin and Friktion Integration

Beefy Partners With Terra

Beefy Partners With Terra, They believe that decentralized finance needs a decentralized stablecoin. For this reason Beefy applied for a Terra Grant that passed with a quorum of 64%. With this, they…

Galaxia Is Joining Arthshot

Galaxia is joining Arthshot, the Arthswap acceleration program, and will be developing the Galaxia ecosystem. Brief Overview on Arthshot ArthSwap is the biggest decentralized exchange (DEX) on Astar Network. ArthSwap…

Galaxia Is Joining Arthshot

SubQuery Expands to Terra

SubQuery Expands Data Indexing to  Terra ecosystem  SubQuery, fresh off the recent announcement of their support for Avalanche, continues to deliver on its promise of extensive multi-chain support with today’s announcement…

SubQuery Expands to Terra

ALTAVA AND KLAYTN PARTNERSHIP

Klaytn Foundation has been officially partnered with ALTAVA Group, a luxury fashion and retail metaverse company. ALTAVA, an established DApp project on Ethereum, will explore the many opportunities for collaboration…

Crema and Cassava Partnership

Crema Finance is thrilled to announce its partnership with Cassava, a key Web3 infrastructure provider in Africa. This partnership of Crema and Cassava will support token liquidity, asset exchange, capital…

Crema and Cassava Partnership

Allbridge Partners With onXRP

Allbridge Partners With onXRP to bring stablecoin assets to XRP Ledger.  onXRP is an ecosystem of products enabling DeFi accessibility for the XRPL community. Together with onXRP, Allbridge will expand the access…

Allbridge Partners With onXRP

KardiaChain App In Ledger Live

KardiaChain App in Ledger is live. KardiaChain is the first ever interoperable & non-invasive blockchain infrastructure  (non-invasive basically means that other blockchains can connect to KardiaChain regardless of their protocol…

KardiaChain App In Ledger Live

SupraOracles partners with NFTGo

SupraOracles is pleased to collaborate with NFTGo, a data aggregation platform for the web3, NFT, and gaming communities. Aspires to develop a fully integrated virtual economy with various NFT-related experiences….

FitEvo Collaborates With UpOnly

FitEvo is thrilled to announce its new strategic partnership with UpOnly, the go-to source for play-to-earn data and predictions! UpOnly is building the first play-to-earn, move-to-earn, and metaverse data repository,…

Humans.ai Partnership With HappyLand

Humans.ai partnership with HappyLand to enable new functionalities to HappyLand’s NFTs and to prove land ownership in the Metaverse. Humans.ai announces its partnership with HappyLand, the play-to-earn gaming platform on…

Humans.ai Partnership With HappyLand

Nova Partnership with Hubble

Nova announced its partnership with Hubble Protocol, a decentralized finance lending protocol built on the Solana blockchain.  With this long-term partnership, Nova and Hubble will cooperate in innovative ways to…

Nova Partnership with Hubble

bitsCrunch X Safle Partnership

bitsCrunch blazons has announced its partnership with Safle, A next-generation noncustodial wallet, self-sovereign identity protocol and Web3 infra. provider for the decentralised ecosystem, governed by community. bitsCrunch is currently offering…

SharkSwap On SX Network

SharkSwap was started with the vision of creating a community-owned decentralized exchange which owns its own liquidity and governs itself via prediction market. Rather than having a centralized core team or apathetic token…

SharkSwap

Multichain is Supporting BitTorrent

Multichain is supporting BitTorrent Chain for cross-chain transfer of USDT. Boosting cross-chain interoperability and compatibility. Multichain announce that BitTorrent Chain is the 44th blockchain it incorporates, allowing hundreds of thousands of…

Multichain is supporting BitTorrent

Binemon Integrates Chainlink VRF

Binemon integrates Chainlink VRF. By integrating the industry-leading decentralized oracle network, Binemon now have access to a tamper-proof and auditable source of randomness needed to assign verifiably random numbers to…

Introducing NORD NXT

Introducing NORD NXT, a Nord Finance compliant DeFi investment platform. Nord Finance was established with the sole purpose to simplify DeFi Investments while ensuring portfolio growth. NORD NXT: A Compliant…

Nord Finance Introduce NORD NXT

CZodiac New Pool!

About the current situation… Inflationary tokens are notoriously bad during bears. Most reward tokens are suffering in these trying times. Several projects that we’ve been in partnership dealings with have begun to…

AAptitude Integrates Chainlink Price Feeds

AAptitude Integrates Chainlink Price Feeds. Aaptitude integrated Chainlink Price Feeds and Chainlink Verifiable Random Function (VRF) into AAptitude’s escrow marketplace to help facilitate secure purchases of goods and services using cryptocurrency. By integrating price feeds…

iMe Partners with Bolstyr

iMe partners with Bolstyr, the future of content creation. Bolstyr is a decentralized platform that enables content creators to create and publish content without any fees. Bolstyr believes the commitment…

iMe Partners with Bolstyr

Psyker Partnership with Cardinal

Psyker proudly announces its partnership with Cardinal, a Solana Protocol that allows the conditional ownership of NFTs. Psyker has integrated into Cardinal’s NFT rental system allowing Psyker NFT holders to…

Psyker Partnership with Cardinal

Cardahub x Hosky Partnership

Cardahub is proud to announce its strategic partnership with Hosky, the first meme token with the largest number of holders on the Cardano Ecosystem. The partnership entails the integration of…

RocketX Exchange now live on Fantom

RocketX Echange is now live on Fantom.This integration is their goal of worldwide crypto mass adoption by improving interoperability between chains. RocketX Exchange currently supports 8 networks, including Ethereum (ETH), BNB Chain…

Lamas Finance and Edensol Partnership

Lamas Finance,a hybrid ecosystem that combines blockchain gaming and DeFi, announced its partnership with Edensol, a Fantasy Gaming Metaverse on the Solana Blockchain! Edensol is a revolutionary gaming metaverse that combines fun-packed…

Lamas Finance and Edensol Partnership

Meshswap x IOST Partnership

Meshswap has announced partnership with IOST as its newest liquidity asset! IOST is an ultra-fast, scalable, and secure blockchain network based on the next-generation consensus algorithm “Proof of Believability” (PoB)….

xHashtag and SolanaPrime Partnership

SolanaPrime, a Solana-powered, fully decentralized IDO launchpad platform, announced its partnership with xHashtag as an official VC partner, cooperating to accelerate community building further. In this partnership, xHashtag and SolanaPrime…

xHashtag and SolanaPrime Partnership