Introducing the Cardano Startup Index: A New Initiative to Promote and Support Emerging Projects

The Cardano Startup Index is a promising new project that aims to promote and support emerging projects within the Cardano blockchain ecosystem. As the number of developers and entrepreneurs building on Cardano continues to grow, some of these projects are also exploring opportunities beyond the Cardano network, reaching out to other blockchains to expand their reach and gain access to new markets. Conversely, projects from other chains seeking exposure to Cardano’s ecosystem can also do so through the Cardano Startup Index.

Blueshift: Boosting Project Expansion through Interoperability

Blueshift is a platform that helps projects grow by enabling interoperability with other ecosystems, which improves their visibility and liquidity. The Cardano Startup Index is a hand-picked selection of innovative projects that are either branching out into Cardano or expanding beyond Cardano to explore the realm of multi-chain operations.

Introducing the Cardano Startup Index Portfolio

The team behind the Cardano Startup Index has invested countless hours engaging with various projects to curate a portfolio that encapsulates the burgeoning early-stage growth happening on Cardano. It’s not just a list; it’s a representation of the immense potential and innovation that is taking place within the Cardano community.

The final selection of projects to be included in this portfolio has been made, and the official launch is slated for the coming weeks.

Introducing the Cardano Startup Index: Blueshift and Paribus Partner Up

Blueshift is excited to kick off the Cardano Startup Index by announcing their first partner, Paribus. Paribus plays a significant role by offering their community new cross-chain trading options for their PBX tokens. This partnership showcases the Cardano ecosystem’s collaborative spirit and the common goal of enhancing interoperability and expansion across various blockchain platforms.

“I am personally very excited for PBX to join the Cardano Start Up Index. This partnership will provide Paribus with even greater exposure within the Cardano community. As we continue to explore ways to expand the interoperability of the Cardano blockchain, we will be advancing partnerships with key players in the ecosystem, such as Blueshift.”—Chief Operating Officer – Paribus

The Blueshift is a decentralized exchange that leverages portfolio management within a cross-chain environment to optimize trading. It features low impermanent loss, low slippage, and the ability to conduct zero fee arbitrage, which, combined with a user-friendly asset management experience, sets it apart as a unique DeFi solution.

Paribus is a cross-chain, decentralized finance protocol that facilitates borrowing and lending across different blockchains. You can use a variety of exotic digital assets as collateral, including NFTs, LP tokens, synthetic assets, and more. The protocol’s aim is to broaden the use cases for such assets, allowing holders to collateralize them for loans or to earn interest. It operates on the principles of decentralization, removing the need for traditional financial intermediaries and offering users direct control over their digital assets in a secure environment.

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Blueshift is ready to take on a significant role in advancing the Djed stablecoin ecosystem. By integrating Djed’s native tokens, $MOD and $MOR, on the Milkomeda sidechain and providing strategic support. By aligning with the Milkomeda Djed Osiris development team, Blueshift is amplifying the circulation and visibility of $MOD and $MOR through targeted marketing campaigns.

Blueshift’s Stronger Involvement in Partnership with the Cardano Startup Index

Blueshift has taken additional steps to cement its partnership with the Cardano Startup Index. To this end, the company will introduce Djed Alliance Contribution Accounting Units (DACAU) to enhance the ecosystem. These units will serve as a means of recognition. It will be distributed to all members who contribute to the Djed Alliance. The main aim of this mechanism is to inspire and monitor participation within the ecosystem.

Blueshift’s Partnership with Djed Alliance: Pioneering DeFi Growth and Innovation

By partnering with the Djed Alliance, Blueshift not only supports the deployment and operation of the Djed stablecoin protocol but also reinforces its commitment to driving collective growth and innovation in the broader DeFi community.

Exploring the Djed Alliance

The Djed Alliance is a decentralized collaborative team with a common goal of promoting the deployment and integration of the Djed stablecoin protocol throughout different blockchain ecosystems.

Join Forces and Create Partnerships with Djed’s Ecosystem

Djed’s ecosystem offers a unique opportunity for individuals and entities to come together in support of its development and adoption. The alliance is set apart by its non-corporate identity, promoting collaboration and the growth of the Djed stablecoin across various platforms and applications. By fostering a sense of community and mutual advancement, the ecosystem encourages cooperation and welcomes new partnerships.

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Expanding Blueshift DEX to Polygon presents a host of compelling advantages that align with the platform’s mission to establish a dominant presence within the cross-chain ecosystem. By embracing the Polygon network, Blueshift can tap into a rapidly growing ecosystem that offers scalability, cost-efficiency, and enhanced performance – attributes that are particularly appealing to users and developers.

Firstly, Polygon’s Layer 2 solution provides a scalable infrastructure that allows for faster and more cost-effective transactions. By integrating with Polygon, Blueshift DEX can offer its users lower fees and improved transaction speeds, resulting in a more seamless and enjoyable trading experience. Furthermore, the expansion to Polygon will grant Blueshift DEX users access to a broader range of decentralised applications, including those in the thriving DeFi and NFT sectors, thereby increasing the platform’s overall appeal and utility.

Secondly, interoperability is at the core of Blueshift’s vision, and incorporating Polygon’s Ethereum-compatible network will significantly enhance the platform’s ability to connect with multiple blockchain ecosystems. This integration will not only strengthen Blueshift’s position as a leading cross-chain DEX but also attract a more diverse user base seeking to interact with a wide array of blockchain networks.

Blueshift DEX’s expansion to Polygon aligns with the platform’s strategic goals, offering a host of benefits, including increased scalability, cost-efficiency, and enhanced interoperability, ultimately resulting in an enriched user experience and bolstering Blueshift’s prominence within the cross-chain ecosystem.

About Blueshift

Blueshift is a highly interoperable cross-chain decentralised exchange, currently operates on the Milkomeda Cardano C1 Side-chain for Cardano, the Milkomeda Algorand A1 Rollup for Algorand, and the Kava blockchain. With a mission to establish a dominant presence within the cross-chain ecosystem.

Website | Twitter

SOURCE:
https://blueshift.fi/blueshifts-expansion-polygon-blockchain/ 

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Liquidity Providers (LPs) on the Blueshift DEX will earn $BLUES token rewards for their liquidity provisioning and a chance to earn a share of $5,000 USD worth of $KAVA.  As KAVA launches Liquidity Bounty Program

Complete all the tasks, submit the responses via their Gleam competition form, and be in the draw to win a share of the prize pool.

How to Participate

Between the dates, 17th March 2023 at 0:00:00 UTC+8 and 7th April 2023 at 23:59:59 UTC+8, users must complete a series of tasks to obtain points. Each point will be a share of the total prize pool.

These tasks will include bridging assets to Kava, adding liquidity to the Blueshift DEX and  farming the LP tokens along with other tasks such as following social media accounts and retweeting certain Tweets.

1. Follow all accounts of Blueshift, Multichain & Kava, including Twitter, YouTube & Discord accounts
2. Like, repost and tag friends, on various Tweets
3. Creative task for extra points: Review & post about Blueshift release on Kava in the form of a video or article
4. Bridge a minimum of $40 USD to the DEX (any token).
5. Add liquidity to the Multichain Stablecoin Index on Kava
6. Become a Blueshift Referrer

Liquidity will need to remain on the DEX up until the end of the point of competition reward distribution.

The Blueshift team will monitor wallet deposits over the competition period to determine eligibility for a share of the rewards.

Gleam entry form: https://gleam.io/Gd1ta/kava-liquidity-bounty-program

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About Kava

Kava is a decentralised blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum.

Website | Twitter

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About Blueshift

Blueshift is a state-of-the-art decentralised exchange built on the Milkomeda network, featuring multichain capabilities. The platform enables efficient swaps and cross-chain liquidity movement, as well as single-token liquidity provisioning. Moreover, Blueshift hosts unique portfolio pools that allow for the grouping of tokens, which enhances capital efficiency during swaps and reduces slippage and impermanent loss.

Website | Twitter

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SOURCE: KAVA CHAIN BLOG

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It has been a great partnership working with Multichain since the creation of their DEX to help users move their liquidity across chains, giving them exposure to new tokens and projects.

Blueshift and Multichain present a Stablecoin Index on Milkomeda A1 Algorand: Stablecoin Index (multiUSDT, multiUSDC, multiBUSD) and on Kava we will have multiUSDC, multiUSDT, multiDAI, multiETH and multiWBTC provided on the DEX.

Their partnership is exciting for the Algorand and Kava ecosystems as it allows for new channels where liquidity can move into the ecosystems where it wasn’t possible before.

About Multichain

Born as Anyswap on July 20th, 2020, Multichain is positioned as a decentralized cross-chain router to address the clear need for distinct and diverse blockchains to communicate with one another.

Multichain promotes interoperability across different networks and actualizes smooth asset and value transfers as a cross-chain architecture. In addition, Multichain also powers the seamless data or message transmission across chains by anyCall, enabling the building of cross-chain Dapps.

Multichain is the leader in the cross-chain sector, with a constantly growing family of EVM and non-EVM chains (currently 73) and deployed bridges (currently 3,000+). Multichain, working hard to push the boundary of multi-chain, envisions to be the ultimate router for Web3.

About Blueshift

Blueshift is a leading, cutting-edge decentralized exchange built on Milkomeda with multichain capabilities. It can allow for cross-chain movement of liquidity, efficient swaps and unique portfolio pools, single token liquidity provisioning and a simple and fast user experience.

The unique setup of portfolio pools allows Blueshift to create groups of tokens rather than pairs of tokens for its automated market maker. In addition, portfolio pools allow for high capital efficiency when performing swaps. With more liquidity available for a swap, there is less slippage. Low slippage and low impermanent loss are possible as the DEX uses virtual pairs, where an optimal amount of liquidity can be used to form the swap.

🔽DETAILS:

https://medium.com/liquifiorg/blueshift-and-multichain-expand-their-partnership-to-algorand-kava-540640bb2801

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With the recent launch of the Blueshift DEX to Algorand/Milkomeda (A1) and the upcoming deployment on Kava. They are also taking their collaboration with Multichain to the next level.

Multichain is a cross-chain router protocol with its branded portfolio pools on Blueshift, providing A1 users. Kava users and the ecosystem at large with liquidity and tokens from other chains. While users on Cardano/Milkomeda (C1) have already benefited from this collaboration. It is time to engage with the Algorand and Kava ecosystems.

It has been a great partnership working with Multichain since the creation of DEX to help users move their liquidity across chains. Giving them exposure to new tokens and projects.

Blueshift and Multichain present a Stablecoin Index on Milkomeda A1 Algorand: Stablecoin Index (multiUSDT, multiUSDC, multiBUSD). And on Kava they will have multiUSDC, multiUSDT, multiDAI, multiETH and multiWBTC provided on the DEX.

About Multichain

Born as Anyswap on July 20th, 2020, Multichain is positioned as a decentralized cross-chain router. To address the clear need for distinct and diverse blockchains to communicate with one another.

Multichain promotes interoperability across different networks and actualizes smooth asset and value transfers as a cross-chain architecture. In addition, Multichain also powers the seamless data or message transmission across chains by anyCall, enabling the building of cross-chain Dapps.

Multichain is the leader in the cross-chain sector, with a constantly growing family of EVM and non-EVM chains (currently 73) and deployed bridges (currently 3,000+). Multichain, working hard to push the boundary of multi-chain, envisions to be the ultimate router for Web3.

Website | Twitter

About Blueshift

Blueshift is a leading, cutting-edge decentralized exchange built on Milkomeda with multichain capabilities. It can allow for cross-chain movement of liquidity, efficient swaps and unique portfolio pools, single token liquidity provisioning and a simple and fast user experience.

The unique setup of portfolio pools allows Blueshift to create groups of tokens rather than pairs of tokens for its automated market maker. In addition, portfolio pools allow for high capital efficiency when performing swaps. With more liquidity available for a swap, there is less slippage. Low slippage and low impermanent loss are possible as the DEX uses virtual pairs, where an optimal amount of liquidity can be used to form the swap.

The portfolio itself acts as an indicator of the performance of that particular portfolio type across an ecosystem, with its total locked value going up and down with the market price fluctuations.

Website | Twitter

SOURCE:

https://medium.com/liquifiorg/blueshift-and-multichain-expand-their-partnership-to-algorand-kava-540640bb2801

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Symbiosis Finance is a multichain liquidity protocol that allows you to perform cross-chain swaps with ease. Recently has integrated the Milkomeda network to their protocol which therefore allows users to swap $BLUES tokens from Blueshift. As Symbiosis Extended Partnership with BlueShift.

The Partnership

This allows users to swap any token that is on the Blueshift DEX without using bridges. This also includes any token in the Cardano Native Token portfolio giving exposure to CNTs directly to other chains.

Users can swap and exchanges tokens and provide liquidity quickly and easily with little fuss and minimal steps.

As blockchain technology matures, more and more opportunities for cross-chain interoperability will emerge and give users a more seamless experience.

Blueshift is proud to be partnered with Symbiosis to make these cross-chain swaps possible and movement of liquidity easy for users.

What does BlueShift offers?

For Investors: Branded portfolios that generate yield and rebalance automatically with in 10 times less impermanent loss.

• Multichain Index
• Occam Index
• Top Metaverse Index
• DeFi Index

Traders: Each token can be swap with any other token in the protocol

• Lowest price slippage in the industry
• Zero fee for arbitrage operation

For Token Holders

• Reward for liquidity providers
• Staking reward for token holders
• Decentralized portfolio management

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About BlueShift

Bluesshift is a cross-chain decentralised exchange protocol that uses a unique portfolio pool model instead of the standard paired AMM model that most DEXes use.

This allows for efficient swaps with low slippage using our virtual pair algorithms, simple single asset liquidity provisioning and portfolio management of crypto assets as opposed to traded liquidity pairs.

Blueshift is an EVM based DEX built on the Milkomeda side chain for Cardano and Rollup for Algorand allowing for cross chain interoperability.

Website | Twitter

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About Symbiosis Finance

Symbiosis protocol is a cross-chain AMM DEX with interchain communication protocol. Provides a simple user experience, is fully decentralised, non-custodial, interoperable with EVM and non-EVM chains, and can access limitless liquidity across multiple different chains.

Website | Twitter

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SOURCE: MEDIUM

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