#LIDO Archives - Smart Liquidity Research

Lido to Introduce NFTs in the Unstaking Mechanism

diane — Tue, 28 Mar 2023 22:38:10 +0000

Lido, a leading provider of Ethereum staking services, has announced plans to incorporate non-fungible tokens (NFTs) into its unstaking process. This move is aimed at enhancing the user experience and providing more options for stakers looking to withdraw their staked ETH.

Lido, a leading provider of Ethereum staking services, has announced plans to introduce NFTs in the unstaking mechanism.

Staking has become a popular way for investors to earn rewards on their cryptocurrency holdings. It involves locking up a certain amount of cryptocurrency to support the security and functionality of a blockchain network, and in return, stakers receive rewards in the form of additional cryptocurrency. With the increasing popularity of NFTs, Lido is now offering a new option for stakers looking to unstake their ETH.

NFTs are unique digital assets that represent ownership of a specific item, such as a piece of artwork, music or video. Lido plans to incorporate NFTs into its unstaking process, enabling users to receive their staked ETH in the form of an NFT that they can then sell or trade on NFT marketplaces.

Stakers can expect to gain several benefits from the incorporation of NFTs into Lido’s unstaking process, such as increased flexibility in the withdrawal process and the potential for greater liquidity in the NFT market. Additionally, this move is likely to attract a wider range of users to Lido’s staking platform, further increasing the company’s market share in the Ethereum staking industry.

This development also signals a broader trend of the integration of NFTs into various aspects of the cryptocurrency industry. As the popularity of NFTs continues to grow, we can expect to see more companies exploring innovative ways to incorporate NFTs into their operations and offerings.

Overall, Lido’s incorporation of NFTs into its unstaking process is a significant step forward for the Ethereum staking industry, and highlights the potential for NFTs to play a larger role in the cryptocurrency space.

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Orbit Markets Now Offers Staking Yield Swaps

diane — Wed, 07 Dec 2022 21:44:45 +0000

OrBit Markets, the leading institutional liquidity provider in digital asset options and structured products, now offers Staking Yield Swaps to its users.

Orbit Markets now offers Staking Yield Swaps, allowing stakers to convert their variable staking rewards into a guaranteed fixed rate. The product was created in response to a request from Ribbon Finance, a pioneer in decentralized structured product innovation.

Introduction

Staking has become increasingly popular as a simple way to earn passive yields on digital assets as the Ethereum blockchain transitions from Proof-of-Work to Proof-of-Stake, but those yields vary continuously depending on network usage and other factors, making it difficult for users to predict returns. While interest rate swaps are widely used in traditional finance, equivalent products in digital assets have yet to become commonplace.

OrBit, leveraging its strong derivatives expertise. Now offers a new customized solution that allows stakeholders to convert these variable rewards into a fixed rate if they prefer certainty over the yield. OrBit has already completed a number of transactions involving the Ethereum staking yield earned in Lido. The most widely used liquid staking protocol, and is expanding its capabilities to other chains and protocols.

Commenting on the benefit of the product, Julian Koh, founder and CEO at Ribbon Finance,said “Ribbon strives to offer its users sustainable yield through decentralized finance products. With its ability to offer staking yield swaps, OrBit has delivered for us a critical building block for our new R-Earn stETH strategy. We look forward to continuing to partner with OrBit to develop more innovative products.”

About OrBit Markets

OrBit Markets is an institutional liquidity provider of options and structured products in digital assets. Founded by a team of former executives in trading and computer science, and backed by Matrixport and Brevan Howard Digital. OrBit brings its expert know-how in options to the crypto derivatives market. Headquartered in Singapore, OrBit serves institutions across CeFi, DeFi and TradFi looking for more sophisticated investing and hedging solutions in digital assets.

Website | Twitter

About Ribbon Finance

Ribbon Finance is a suite of DeFi protocols that help users access crypto structured products. By combining derivatives, lending and a proprietary on-chain options exchange (Aevo). Ribbon aims to be the one-stop solution for users who want to improve a portfolio’s risk-return profile.

Website | Twitter

SOURCE

https://www.businesswire.com/news/home/20221205005461/en/OrBit-Markets-Launches-Staking-Yield-Swaps

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Kyber Network Partners With Lido

Clinton — Sat, 19 Nov 2022 19:27:13 +0000

KyberSwap x Lido Finance bringing the best wstETH liquidity to Ethereum Mainnet

At a time when the market needs it most; liquid staking giant Lido Finance has partnered with KyberSwap, a leading next-gen DEX, to enhance wstETH liquidity on Ethereum.

Their ongoing Lido wstETH and stMATIC campaigns on Polygon, Arbitrum and Optimism have yielded excellent results with over $8.2 million in TVL across all pools.

And now, Lido Finance and KyberSwap are advancing their partnership together to bolster the Ethereum ecosystem with more diverse wstETH liquidity.

About Kyber Network

Kyber Network is building a world where any token is usable anywhere. KyberSwap.com, their flagship Decentralized Exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.

KyberSwap powers 100+ integrated projects and has facilitated over US$10 billion worth of transactions for thousands of users since its inception. Currently deployed across 13 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent and Optimism.

🔽DETAILS:

https://blog.kyberswap.com/lido-finance-and-kyberswap-partner-to-bring-low-slippage-optimized-wsteth-liquidity-to-ethereum/

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Collaboration Between Lido Finance and Kamino

diane — Fri, 28 Oct 2022 12:56:48 +0000

In collaboration with Lido, Kamino Finance is pleased to announce a significant accomplishment in enhancing Solana’s capital efficiency and network security.

The most recent breakthrough in the collaboration between Lido Finance and Kamino will enable users to earn a yield on their yield while also increasing the amount of SOL staked on the network to further promote the decentralization of the blockchain.

Earn yield by staking SOL through Lido and depositing a token in DeFi

Positions in stSOL, which now earn 5.5% APY through staking incentives, can now earn an extra return thanks to automated focused liquidity vaults on Kamino. Users can passively earn APY from exposure to stSOL and earning commissions from trades using Kamino, which offers liquidity for stSOL-SOL concentrated liquidity market makers (CLMMs).

Users can instantly stake their SOL with Solana through Kamino and Lido when they deposit SOL into Kamino’s stSOL-SOL vault thanks to a brilliant piece of decentralized finance (DeFi) innovation. With this technique, more SOL will be staked to decentralize Solana in addition to generating more yield on stSOL.

How Does Staking SOL Through Kamino and Lido Work?

Single asset deposits of SOL placed into the stSOL-SOL vault were previously automatically split using Jupiter Aggregator, which has grown to be one of the most capital-efficient liquidity aggregators in DeFi. This is all changed with the most recent integration between Kamino and Lido.

Earn APY from LDO rewards and real yield from trade fees.

However, establishing a liquidity position by exchanging SOL for stSOL that is currently in circulation on the market does not contribute to raising the SOL staked with Solana validators. Finding a mechanism to enhance SOL staking has therefore become a top goal. On the other side, raising the number of SOL staked on Solana is one of the main reasons that stSOL exists.

After this update, Kamino deposits of single asset SOL will be divided into stSOL by introducing fresh stSOL into the ecosystem through Lido. As a result, Lido’s efforts to spread SOL among a larger number of Solana’s validators will aid by the SOL put on Kamino into the stSOL-SOL vault.

DeFi Liquidity Solutions Team Up to Decentralize Solana

Users can rely on the protocol to help protect the future of their positions in addition to using Kamino to optimize their stSOL yield. This can be accomplish by contributing to the rise of Solana’s Nakamoto Coefficient, a crucial figure for guaranteeing the long-term viability of every blockchain through more decentralization.

When a variety of validators earn SOL from other users to enhance their capacity to efficiently complete transactions, the Nakamoto Coefficient for Solana—which calculates the minimal number of participants that would need to band together to conquer a blockchain network—increases. Users may not always make decisions that effectively increase Solana’s Nakamoto Coefficient, though.

The Nakamoto Coefficient for PoS blockchains at the time of writing.

The SOL staked with Lido ultimately ends up in the hands of the most deserving validators who could further raise the Nakamoto Coefficient on Solana, according to Lido’s specialization in this area. Currently at 31, Solana has one of the highest Nakamoto Coefficients among proof-of-stake (PoS) blockchains, and raising this value is a key objective for enhancing network security.

In order to balance concentrated liquidity holdings, Kamino is now contributing to Lido’s attempts to decentralize the network by staking SOL for stSOL rather than exchanging it for it. Thanks to Lido, a significant quantity of SOL is being stake on the network in a very effective manner.

Mark Another Win for DeFi Composability on Solana

DeFi on Solana enables some fantastic protocol integrations thanks to its great composability. Solana’s decentralization through stSOL can be increase, deep liquidity can be achieve, novel yield methods may be foster, and the composability of Kamino and Lido can aid in creating sustained flywheel effects.

The stSOL liquid staking token from Lido on Solana is an effective tool for boosting DeFi liquidity and protecting Solana through PoS consensus. Users can support the network’s continued decentralization by putting SOL into Kamino’s stSOL-SOL vault and receiving real income from trading fees.

It will be intriguing to watch what the collaboration between Lido and Kamino creates next. In order to provide value for consumers and the future of Solana DeFi, they are figuring out fresh and innovative ways to combine their services. As we advance the concept of composability, concentrating on this value ought to lead to some fantastic inventions.

About Kamino

Kamino automatically manages your concentrated liquidity positions. When depositing your tokens, Kamino opens a liquidity pool position on a DEX and does everything for you. Rebalancing, auto-compounding, and finding the optimum range for capturing the most trading fees while avoiding impermanent loss (IL).

Website | Twitter

About Lido Finance

Lido is the leader in liquid staking (when measured by TVL) with a priority on contributing to ecosystem improvement, increasing blockchain decentralization, and making staking beneficial for all the participants on every chain it has launched.

Twitter | Website

SOURCE

https://blog.kamino.finance/earn-yield-and-decentralize-solana-stake-sol-with-lido-finance-on-kamino

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StellaSwap Partners With Lido & Beefy

Ana Marie — Thu, 25 Aug 2022 05:29:04 +0000

StellaSwap Partners with Lido & Beefy to Launch Standard & Auto-Compounding LDO Farm

Stellaswap partners with Lido and Beefy to finally facilitate the trading of Lido’s native token, LDO. This has been long overdue, as liquidity providers on Curve had previously no avenue to trade their earned LDO rewards. This partnership trifecta made up of the largest protocols on Moonbeam would allow users to trade LDO as well as auto-compound their LDO liquidity.

State of LDO on Moonbeam

At the start of June, Lido finance announced the launch of their stDOT-DOT farm on Moonbeam via Curve. Liquidity providers who staked in their pool would earn LDO, the native token of Lido.

Since then, users who’ve earned LDO rewards couldn’t really trade or do anything since an LDO farm didn’t exist. Here’s a breakdown of LDO on Moonbeam;

Current LDO Supply on Moonbeam: 314,455 LDO (~$600k)
No. of LDO Holders on Moonbeam: 585 Addresses

The absence of an LDO farm meant that LDO holders on Moonbeam are forced to bridge their LDO token away from Moonbeam or just hold on to it without doing anything.

Trifecta of Goodness

We have been closely working with Beefy and Lido to facilitate LDO trading on Moonbeam. As the largest DEX on Moonbeam, we’re proud to be able to work with them in actualizing a highly-awaited farm. The scope of this trilateral partnership manifests in the following way;

LDO farm launch on StellaSwap
Launch of automated LDO farm (StellaSwap LP) on Beefy

Launch of LDO Farm on StellaSwap

StellaSwap will launch a standard LDO farm, with Lido and Beefy providing an initial liquidity of $10,000 into the farm. Additionally, Lido will provide an initial $5,000 worth of LDO incentives to attract users to stake into the farm.

Here are the details of the farm:

Launch: LDO— GLMR
Type: Dual-Rewards
Reward Token: STELLA + LDO
Launch Date: 22 August| 14:00 UTC

Auto-Compounding LDO Farm on Beefy

Shortly after the LDO farm on StellaSwap, Beefy will launch the LDO farm to allow users to auto-compound their rewards into their LP. Beefy will launch the LDO farm using StellaSwap’s LDO LP. Instead of manually compounding their rewards, Beefy provides an automated way for users to optimize their returns.

About StellaSwap

StellaSwap the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. The products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.

Website | Twitter |

Source

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BridgeMutual Partnership With Lido Finance

Ana Marie — Thu, 04 Aug 2022 14:00:21 +0000

Bridge Mutual Partners with Lido Finance to Offer Insurance for Lido Staked ETH (stETH)

BridgeMutual partnership with Lido Finance — the industry leader in liquid staking. It has a priority in contributing to ecosystem improvement, increasing blockchain decentralization, and making staking benefits available to all participants. The collaboration will enable users to purchase coverage for Lido’s stETH and underwrite insurance for Lido’s stETH for an attractive yield.

The availability of DeFi insurance will protect Ethereum stakers from future hacks and other technical mishaps.

The partnership will provide Lido users with the following additional layers of security:

By being inclusive and transparent, we can provide a safer staking experience for Lido users.
Demonstrate Lido’s efforts to protect stakers by building trust between the Lido DAO and Ethereum stakers.
Lido will offer coverage that stETH holders can purchase and use to protect themselves in the event of a security breach.

Lido went live in December 2020. The platform sought to simplify the Ethereum staking experience, mitigating several challenges associated with the process and democratizing staking for the average ETH holder. Ethereum is scaling, and Lido is following suit. Recently, Lido unveiled their expansion plans for Lido on L2, starting with an expansion of stETH across the growing L2. For Ethereum stakers, this means lower fees & the ability to access a new suite of DeFi applications that will amplify yields. Committed to making Lido’s staked-asset tokens widely secure & accessible throughout the Ethereum Layer 2 as it develops.

The DeFi market continues to mature, bringing with it a rising number of hackers who prey on assets and investments. In response, Bridge Mutual is pleased to create and whitelist a Lido Finance coverage pool on the BMI platform. Bridge and Lido share a collective mission of expediting mass adoption of decentralized finance. With this synergistic partnership, BMI aims to help reduce vulnerabilities by providing protection against potential hacks and exploits that appear to be inescapable in DeFi.

About Lido Finance

Lido the leader in liquid staking (when measured by TVL) with a priority on contributing to ecosystem improvement, increasing blockchain decentralization, and making staking beneficial for all the participants on every chain it has launched.

Website | Twitter |

About Bridge Mutual

Bridge Mutual, a decentralized coverage platform, mission to become the #1 of Decentralized Finance & equip everyone with protection against universal crypto threats. They are a fully decentralize, p2p/p2b discretionary risk coverage platform covering smart contracts, stablecoins, centralized exchanges. Our platform allows users to provide coverage, decide on policy payouts, share profit, and get compensated for adjudicating claims. Users can get protection and provide one in exchange for yield. We focus on great product design, pro-community business objectives, and synergy with other web3 innovations.

Website | Twitter |

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Project Galaxy Harvest Moon Campaign On Moonbeam Network

Ana Marie — Fri, 29 Jul 2022 12:26:33 +0000

Win NFTs By using Dapps On the Moonbeam Network

Project Galaxy integration with Moonbeam — the smart contract platform for cross-chain connected applications. They are launching Project Galaxy Harvest Moon Campaign On Moonbeam Network centered around the chain’s Harvest Moon initiative to celebrate!

Moonbeam is a smart contract platform for cross-chain connected applications that unites functionality from Ethereum, Cosmos, Polkadot — and beyond. This platform provides a way for developers to build cross-chain connected applications with superior user experiences by unifying access to users, assets, and services across any existing blockchain. With this integration, Project Galaxy has made it possible for projects on Moonbeam to run their own user campaigns on the platform, increasing activity in the overall Polkadot ecosystem by helping projects on Moonbeam to grow in both brand awareness and community engagement.

Project Galaxy is powering a campaign for Moonbeam called Ultimate Harvest Moon: Win NFTs by using dApps on the Moonbeam Network.

Harvest Moon is a campaign designed to spark DeFi activity in hopes that different chains in the Web3 ecosystem will band together to build the future of DeFi on the Moonbeam network. Moonbeam’s unique cross-chain connected smart contracts will be the driving force to bring all these chains together.

The Moonbeam Foundation has indicated that it has allocated up to 1.5% of the GLMR genesis supply to fund a grant-based liquidity program for the Harvest Moon campaign. The first wave of Harvest Moon will encourage activity on participating applications (Lido, Curve, StellaSwap, and Moonwell). And as the next wave deploys, Harvest Moon will expand to allow users to harness Moonbeam’s unique DeFi capabilities.

Harvest Moon will run for approximately three to four months and will focus on attracting new users and building the core DeFi primitives needed for the multi-chain connected smart contract vision to come to life. The amount of tokens allocated to Harvest Moon and the length of the campaign are subject to change.

The Ultimate Harvest Moon campaign will start on July 28th, 2022 14:00 (UTC) and run on Project Galaxy for three weeks as a way for users to interact with projects in the Harvest Moon campaign to win NFTs.

Check out the campaign link here:

https://galaxy.eco/Moonbeam/campaign/GCcg1Ut2hD

All the NFTs for the Ultimate Harvest Moon Campaign are designed by PaperPlane, a Web3 NFT studio based in Asia. PaperPlane combined a blend of psychedelic fantasy and surrealism, which they say was inspired by an influential cartoonist Jean Giraud (known by his pen name “Moebius”).

During The Ultimate Harvest Moon Campaign, Substrate layer indexing data is provided by Web3Go, an all-in-one open data analytics and service platform started from the Polkadot ecosystem. Smart contract layer credentials are indexed using The Graph.

The specifications on how to get involved with The Harvest Moon Campaign are simple:

Eligible addresses will need to complete tasks provided by 6 Moonbeam ecosystem projects (Moonbeam App, Nomad, Moonwell, StellaSwap, Lido Finance, and Curve Finance).
Each task completed will be rewarded with one missing NFT puzzle designed for Paperplane, an NFT design studio.
After collecting all (6) missing NFT puzzles from the campaign, each eligible address will have a chance to synthesize one ultimate “Harvest Moon” NFT, which conveys cross-chain future vision. Each eligible address will be able to claim this NFT on August 23th, 2022. The snapshot of all (6) missing NFT puzzle holders will be taken on August 18th, 2022 14:00 (UTC).
All NFTs minted in this campaign will be on the Moonbeam Network blockchain.

6 Missions for the Ultimate Harvest Moon Campaign

Ultimate Harvest Moon | Mission: Transfer

About Moonbeam

Moonbeam a smart contract platform for cross-chain connected applications that unites functionality from Ethereum, Cosmos, Polkadot — and beyond.

Portal

https://apps.moonbeam.network/moonbeam

Task Description

Transfer DOT from Polkadot to Moonbeam

Notes: the credential will be updated every 24 hours during the campaign.

Tutorial here.

Ultimate Harvest Moon | Mission: Bridge

Project Introduction

Nomad is a cross-chain communication standard that enables cheap and secure transfers of tokens and data between chains.

Portal

Nomad: https://app.nomad.xyz/

Task Description

Send ETH, BTC, or USDC from Ethereum to Moonbeam Network by using Nomad.

Tutorial here.

Ultimate Harvest Moon | Mission: Swap

Project Introduction

StellaSwap is a DEX on Moonbeam that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge tokens, explore new projects, and engage in NFT trading all from a single unified platform.

Portal

https://app.stellaswap.com/zh-CN/exchange/swap

Task Description

Swap on StellaSwap and supply tokens to any of the GLMR+xcDOT, mad.ETH+GLMR, or mad.USDC+GLMR liquidity pools.

*Must remain staked for at least 24 hours.

Tutorial here.

Ultimate Harvest Moon | Mission: Dream

Project Introduction

Moonwell is an open lending & borrowing DeFi protocol built on Moonbeam and Moonriver.

Portal

https://moonwell.fi/

Task Description

Deposit mad.USDC, mad.BTC, mad.ETH, xcDOT, GLMR or FRAX to Moonwell Artemis.

*Must remain deposited for at least 24 hours.

Tutorial here.

Ultimate Harvest Moon | Mission: Link

Project Introduction

Lido for Polkadot is a liquid staking solution for DOT backed by industry-leading staking providers.

Lido lets users earn DOT staking rewards without needing to maintain infrastructure and enables them to trade staked positions and participate in on-chain decentralized finance with their staked tokens.

Portal

https://polkadot.lido.fi/

Task Description

Stake DOT to Lido liquid staking protocol.

*Must remain staked for at least 24 hours.

Tutorial here.

Ultimate Harvest Moon | Mission: Balance

Project Introduction

Curve Finance is a decentralized exchange for trading cryptocurrency that focuses on efficient stablecoin trading. Curve’s focus on stablecoins allows investors to avoid more volatile crypto tokens. It is an automated market maker (AMM) that maintains low fees and slippage through the use of liquidity pools.

Portal

https://moonbeam.curve.fi/factory/1/deposit

Task Description

Supply tokens to Curve xcDOT+stDOT.

*Must remain deposited for at least 24 hours.

Tutorial here.

Moonbeam will also be hosting an AMA to discuss the importance of the Project Galaxy deployment, connected contract in the future cross-chain development, Ultimate Harvest Moon Campaign, and Applications in the Moonbeam ecosystem. The AMA date is still TBD so keep an eye out for an announcement on our Twitter.

About Project Galaxy

Project Galaxy is building a protocol that powers on-chain credentials with plug-and-play NFT modules. The permission-less infrastructure allows everyone to create, distribute, and gamify NFTs with customized on-chain data. Developers can build their own loyalty programs, and individuals can issue and claim the NFTs backed by their on-chain achievements.

Website | Twitter |

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Brave Wallet Partner Program

Ana Marie — Tue, 26 Jul 2022 05:46:41 +0000

Brave expands its Wallet Partner program with six additional leading DApps

The Brave Wallet Partner Program and a roster of six inaugural partners who integrated Brave Wallet connection in their DApps (ApeSwap, Arken, Bogged, DODO, Open Ocean, and Skiff). Brave are thrilled to announce six additional leading DApps (decentralized applications) spanning over 10 networks joining the program in July.

Partnering with the most widely-used decentralized applications in Web3 underlines Brave Wallet’s ease of use and rich set of features. These include decentralized swaps, multi-chain portfolio view, simple fiat-to-crypto purchases with Ramp and Wyre, and continuous updates and additions to make Web3 more accessible. Importantly, partners in the program benefit from co-promotion of their DApps among Brave’s 62+ million users via our blog, community channels, social media, and Brave Ads.

They are excited about the opportunities these partnerships can create for BAT utility and Brave Wallet users, including better access to decentralized finance (DeFi), privacy tools, lively social communities, and more. Each new addition deepens our commitment to providing the leading secure, multi-chain wallet, that we hope will onboard millions of users to Web3.

About Beefy

Beefy one of the largest and most-used yield-aggregators, with smart contract vaults that help users earn more yield on their liquidity positions across 16 different networks and dozens of decentralized exchanges.

Website | Twitter |

About Elk Finance

Elk Finance, a multi-chain bridge network that connects 19 EVM-compatible chains, allowing users to quickly & safely move their tokens from one chain to another. In addition to moving assets, Elk adding cross-chain swaps, offers users choice to receive bridged assets a different token.

Website | Twitter |

About Elpis Battle

Elpis Battle a turn-based RPG NFT Game implemented on BSC network, develop by ZEGO Studio— gaming studio in Southeast Asia. By combining cryptocurrency, NFT gaming, & DeFi. Elpis’s developers want to create a new kind of gaming experience for Elpis Battle players. Elpis is a world where players can not only explore stories about an imaginary kingdom but also create value, exchange, buy, and sell assets as participants in the economy of Elpis.

Website | Twitter |

About Lido

With over $5 billion in value locked between Ethereum and Solana alone, Lido is by far the most widely used liquid staking protocol available today. Lido makes easy for anyone to participate in proof of stake consensus, simultaneously allowing users to interact with DeFi protocols.

Website | Twitter |

About Tulip

Tulip Protocol was the first yield aggregation platform built on Solana with auto-compounding vault strategies. The DApp is design to take advantage of Solana’s low cost, high efficiency blockchain. It allows vault strategies to compound frequently—which benefits yield farms with higher APYs—without requiring active management. It also has lower gas fees. Tulip offers a wide variety of strategies for its users: Lending, Auto-compounding Vaults, Leveraged Yield Farming, & their Strategy Vaults.

Website | Twitter |

About Venus Protocol

Venus the leading DeFi market for lending & borrowing, & second largest decentralized application in terms of TVL on BNB Chain. Users can use their many pools & a variety of stablecoins to borrow & lend assets at variable interest rates.

Website | Twitter |

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Ultimate Integrated Three DeFi Protocols

Ana Marie — Tue, 12 Jul 2022 06:50:03 +0000

Ultimate integrated three DeFi Protocols

Ultimate announce the first three DeFi protocols that we’ve integrated into their app: Orca, Friktion, and LidoFinance. They are building on Solana but will soon be adding Ethereum to fulfil our multi-chain vision.

LidoFinance is DeFi’s largest liquid staking protocol, enabling users to stake directly from the Ultimate wallet’s interface. Users receive “staked Solana” (stSOL) tokens which can be unstaked or sold at any time, or even used in other DeFi protocols to earn additional yield

The integration of Lido Finance into the Ultimate wallet makes liquid staking easier than ever before, with users able to benefit from liquidity and multi-layer yield opportunities with the same ease as on centralized exchange while staying in full control of your coins.

Friktion

Friktion the leading automated option protocol in the Solana ecosystem. Users can simply earn yield from automated options strategies such as selling covered calls, a strategy that is particularly useful for earning yield in a downward or sideward trending market.

They offer a completely unique source of yield, not incentivised by their own tokens. Retail investors now have a way to earn a return on their crypto assets also in downwards or rangebound markets. More strategies will be added over time.

Orca

Orca takes pride in being the easiest way to swap Solana tokens. Their slogan is “DeFi for people, not programs” which really resonates with them. Thus all swaps in their launch version will be powered by Solana’s most user-friendly concentrated liquidity AMM.

Ultimate is a #DeFi super app becoming the universal consumer gateway to #Web3. A multi-chain, fully non-custodial wallet that makes investing into web3 truly mass-ready.

About Lido

Lido is a liquid staking solution for ETH 2.0 backed by a number of the industries leading blockchain staking providers. Lido allows users to stake any amount of ETH without the need to maintain complex infrastructure, while letting users unstake at any time through secondary markets.

Website | Twitter|

About Orca

Orca is the easiest way to exchange cryptocurrency on the Solana blockchain. There, you can exchange tokens with minimal transaction fees and lower latency than any DEX on Ethereum, all while knowing that you’re getting a fair price. Additionally, users may provide liquidity to a trading pool to earn a share of trading fees.

Website | Twitter|

About Ultimate

Building the future of Finance. Just as the internet revolutionized the way we transfer information, blockchain technology is revolutionizing the way we transact value.

Website | Twitter |

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Fringe Finance Integrates Lido

Ana Marie — Tue, 05 Jul 2022 13:18:35 +0000

Fringe Finance integrates Lido’s $LDO!

Fringe Finance integrates Lido. This will bring $LDO to their Primary Lending Platform as collateral type. Users will be able to take out stablecoin loans and leverage their $LDO positions without needing to sell their tokens. $LDO is Lido DAO’s governance token.

Both projects will also continue to collaborate towards eventually listing other Lido assets.

About Fringe Finance

Fringe Finance is a decentralized money market designed to unlock the capital spread in crypto assets regardless of their capitalization and supported network. With a next-generation DeFi lending & borrowing ecosystem, Fringe aims to unlock the dormant capital from traditional financial markets and all-tier cryptocurrencies.

Website | Twitter |

About Lido

Lido is a liquid staking solution for ETH, SOL, Kusama, and Polygon backed by industry-leading staking providers. Users can stake their tokens — without locking assets or maintaining infrastructure — whilst participating in on-chain activities, e.g., lending.

Lido attempts to solve the problems associated with initial ETH 2.0 staking. Illiquidity, immovability, and accessibility — making staked tokens liquid and usable across the growing DeFi ecosystems.

LDO an Ethereum-based token granting governance rights across the Lido DAO. The Lido DAO governs a set of liquid staking protocols, decides on key parameters (e.g., fees), and executes protocol upgrades to ensure efficiency and stability.

Website | Twitter |

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