Partnership HighLights

This partnership of Hubble and Lido Finance took the first significant steps toward boosting stSOL liquidity throughout Solana with USDH.

Lido is one of the biggest protocols in DeFi as measured by total value locked (TVL). They’re doing great work to bring liquidity and composability to staking across multiple blockchains, and its users will benefit from the addition of stSOL to Hubble.

Learn More About Lido Finance and stSOL Liquid Staking Tokens

To begin with, Lido has helped over 110,000 users stake billions of dollars ($14.7B at the time of writing) worth of tokens on multiple blockchains, most notably Ethereum. Their liquid staking token on Ethereum, stETH, has helped users stake over $9 billion worth of ETH.

Furthermore, Lido has staked over 3,000,000 SOL in exchange for stSOL, a liquid token that earns a staking yield that can be used across Solana DeFi while staked with a Solana validator.

Each stSOL that users receive represents one SOL staked to help protect the network and facilitate transactions. The Lido DAO has selected a group of 14 leading validators to help diversify staking across the Solana ecosystem. Additionally, they plan to expand this into the future, with more onboarded who meet high availability and performance criteria.

Hubble is Excited to Bolster stSOL Liquidity with USDH

Over the next two weeks, they will be kicking off the first phase of Hubble’s partnership with Lido. They planned to launch two liquidity pools and excellent yield farming opportunities for their users.

Users will be able to deposit liquidity and earn rewards when stSOL-USDH pairs go live on Raydium this Thursday, May 12th. They include another rockstar Solana decentralized exchange (DEX), Orca, in their plans to help support stSOL and USDH liquidity on the network, and users will also be able to deposit concentrated liquidity through Orca’s Whirlpool from May 19th.

Both of these pools will be offering liquidity providers (LPs) incentives in LDO and HBB, each project’s native token. So, get ready to enjoy some juicy yield for participating in the stSOL-USDH pools on your favorite Solana DEX!

About Hubble

Hubble protocol allows users to take interest-free loans against multiple crypto assets. Hubble works with USDH, Hubble’s decentralized stablecoin. So borrowing USDH, with 0% interest, gives users the chance to hold their tokens long-term and pursue whatever opportunities arise.

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.

Website | Twitter

SOURCE

https://blog.hubbleprotocol.io/hubble-partners-with-lido/

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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 by the community.

Users will soon play poker with $SDOGE at RACE Poker through this partnership!

Introduction to RACE Poker

RAce Poker is a web3 online poker platform on Solana blockchain, leveraging decentralized technology.

• P2P encrypted card shuffling ensures fairness and randomness
• On-chain data provides infinite integration possibilities
• A blockchain account system ensures privacy and security
• Completely open-sourced and trust require less
•  Permission-less game server hosting for anyone
•  Integrate any SPL-tokens as chips & NFTs as PFP
• Play-to-Earn, Create-to-Earn, Host-to-Earn

RACE Poker provides artists with the ability to receive permanent income through its NFT Create-2-Earn strategy. In-game elements such as game scenes and game tables are open for artists to be designed.

They are packaged as NFTs and allow their authors and holders to create game tables with customized configurations and earn the commissions (rakes) raised at these game tables.

Overview of SolDoge – Your New Bestfriend

As a token on the next generation Solana blockchain, SolDoge is a cryptocurrency that moves at high speeds with low fees.

He is eco-friendly, with dramatically lower energy costs per transaction when compared to meme coins running on last-gen proof of work-based blockchains.

As a spiritual successor to Dogecoin, the grandfather of crypto memes, SolDoge aims to be a people project where the community is in the driver’s seat.

Unlike other meme coins on Solana, 100% of all SDOGE that will ever exist were launched into circulation on day one, following a fair and public sale. With no founding core team, the community does all organizing, developing, and building for SolDoge.

About SolDoge
SolDoge (SDOGE) is the world’s first talking memecoin, sporting a fun-loving attitude and a rad pair of cyber shades.

Website ♦ Twitter

About RACE Poker
RACE Poker is a web3 online poker platform on Solana blockchain, leveraging decentralized technology.

Website ♦ Twitter

⏩ SOURCE

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Friktion is thrilled to announce its collaboration with Paradigm, the leading institutional options liquidity network for traders.

Friktion believes that sustainable yields in the long term come from the inherent risk properties of an asset, and they have come to Paradigm, crypto’s largest institutional liquidity network, to streamline execution, minimize price slippage and encourage competition from liquidity providers.

Using Paradigm will maximize the yields available on Friction’s products for their clients and facilitate market maker participation, given the similar interface to structured product auctions on other chains.

Uddhav Marwaha, CEO Friktion Labs

“Our partnership with Paradigm will further unlock efficient price discovery and execution for Friktion auctions while preserving the non-custodial DeFi guarantees we value. Bringing the largest CeFi options liquidity network to Solana is the first step in our plan to scale liquidity across venues for Friktion. We’re proud to be working with Anand and his team who have been building robust options infrastructure since the earliest days of the crypto options markets.”

Phase 1

In Phase 1 of this strategic partnership, Paradigm will power Friktion Volt#01 and #02: covered call and collateralized put option auctions, combining crypto’s largest institutional liquidity network and automated workflows to streamline and optimize the Volt auction processes.

Phase 2

In Phase 2, Paradigm and Friktion will further improve their collaboration to enhance liquidity and execution of its Volt#04: Basis Yield, which executes delta-neutral strategies to harvest perpetual funding rates. However, they view this as a substantial long-term opportunity as Friktion continues to innovate its product suite. Indeed, Paradigm and its network stand ready to be the single point of access for Friktion Volts to source their more complex liquidity needs.

Anand Gomes, CEO Paradigm

“We are excited to collaborate with the Friktion team as they continue to build out key DeFi primitives in the Solana ecosystem. Friktion has been at the cutting edge of innovation since their launch and we are delighted to help support their incredible pace of product innovation with our best in class liquidity and automated RFQ workflows.”

About Paradigm
Paradigm is an institutional liquidity network for crypto derivatives traders and protocols across CeFi and DeFi ecosystems. The firm’s mission is to create a platform where traders can trade anything with anyone and settle it anywhere.

Website ♦ Twitter

About Friktion
Friktion is Solana’s leading protocol for risk-managed yield strategies. Friktion’s core products, known as Volts, are building blocks of DeFi portfolios that can perform across market cycles.

Website ♦ Twitter

⏩ SOURCE

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Penguin, A Liquidity-as-a-Service Platform, built on Solana, announced its partnership with Seeded Network, a favorite Solana incubator with unique borrowing, lending, and staking solutions.

Seeded Network has joined the Penguin bonding family! It is their privilege to seed with Seeded on the land of DeFi and gather vital POL for the sustainable development of the protocol.

$SEEDED / $PAI bonding will launch on May 13th, 9 am UTC

Introduction to Seeded Network

To begin with, Seeded Network is a project incubator featuring outstanding borrowing, lending, and staking solutions that integrate with the fast-growing DeFi world. Seeded aims to provide quality projects with their expertise and network connections to projects wishing to use the Seeded Project Incubator.

However, with Seeded’s provision, projects can enjoy a community brimming with investors and enhanced token utility brought by lending and borrowing products.

Its lending and borrowing empower SEEDED without exception, and it is now embarking on a new journey of bonding!

Moreover, the Penguin’s bonding/staking allows Seeded to have a healthy token emission, which helps control the inflation rate by posing less selling pressure on the market. Better still, Seeded can collect revenue-generating POL for its long-term success, benefiting its stakeholders with sustained rewards.

At the launch of SEEDED/PAI bonding, users can add liquidity in the SEEDED/PAI pool to acquire SEEDED/PAI LP tokens, which can bond for discounted SEEDED on the market price. SEEDED purchased through bonding will be then auto-staked. Users can unstake their SEEDED in the Staking section and collect the total amount of SEEDED after a 7-day vesting period. On the other hand, keeping SEEDED staked would allow users to receive an optimal reward and achieve 3,3 together.

The collaboration of Seeded and Penguin can extend from liquidity management to co-marketing and partnership networking, which in turn gives rise to a healthier ecosystem.

About Penguin Finance
Penguin is a Liquidity-as-a-Service Platform that offers a one-stop solution for treasury management such as swap, bonding, and staking.

Website | Twitter 

About Seeded Network
Seeded Network is an upcoming incubator on Solana offering unique borrowing, lending, and staking solutions to users allowing them to participate in the seeded incubation projects safely.

Website | Twitter 

⏩ SOURCE

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BiG Deal,a decentralized auction house announced integration with Chainlink Price Feeds on Solana to help secure its decentralized auction house.

This integration of Chainlink Price Feeds will support BiG Deal users in making bids using fiat currencies and crypto assets, improving their experience.

By integrating the industry-leading decentralized oracle network, BiG Deal will access high-quality, tamper-proof price feeds that enable participants on the BiG Deal platform to buy bids (PLAYs) using both fiat and crypto-assets.

Specifically, BiG Deal plans to integrate price data for USD, EUR, INR, other major fiat currencies, and the native tokens for Solana, Ethereum, Bitcoin, and other popular chains. Ultimately this will help give our users stronger assurances that they’re getting fair and accurate market rates when they make a purchase.

BiG Deal chose Chainlink as its go-to oracle solution because:

• Its infrastructure is seamless to integrate and time-tested in production.
• Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

Big Deal is a decentralized auction platform featuring more than 7 different types of auction mechanisms.

To help secure their price feeds, they need access to fresh asset prices supplied directly on-chain highly reliable. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, they needed to use an oracle network to fetch aggregated price data off-chain and deliver it on-chain to be consumed by our application.

Big Deal selected Chainlink Price Feeds because they provide a multitude of critical features such as:

• High-Quality Data
• Secure Node Operators
• Decentralized Network
• Reputation System

 Pratik Jain, Founder of BiG Deal said:

“Honestly, our team studied all available oracles before zeroing down on Chainlink. As the clear market leader with cutting-edge and time-tested infrastructure, selecting Chainlink was easy.

About Chainlink

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain.

Website ♦ Twitter 

About BiG Deal

BiG Deal is the world’s first decentralized auction house with smartly crafted 7+auction mechanisms, offering amazing deals to its community.

Website ♦ Twitter 

⏩ SOURCE

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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.

Introduction to Investin

Investin is the first Decentralized Asset Management protocol live on the Solana blockchain that transforms aspiring traders into Fund Managers by providing them a trustless and non-custodial platform for active capital management. Moreover, it enables investors to earn passive returns on the capital invested in the funds while retaining the custody of their assets.

It enables anyone to invest or start hedge funds in a trustless and secure environment on leading blockchains.

Protocol Users

• Investors Explore Funds that suit their financial objectives to get the most out of their investments.

• Traders Transform into Fund Managers by proving your trading skills on-chain.

Overview of Friktion

To begin with, Friktion is DeFi’s fastest-growing option and portfolio management protocol. They are building a full-stack DeFi experience with risk-adjusted yield generation strategies (Volts) and infrastructure to support them.

Friktion introduces Volts and Circuits into the DeFi ecosystem, offering both active and passive portfolio management strategies.

• Volts – Are Friction’s native capital allocation strategies.
• Circuits – Provides on-demand portfolio management for DAO Treasuries, creating custom risk frameworks  Volts that provide volatility protection and returns in turbulent markets.

How DeFi option vaults generate returns and help fund managers to diversify their portfolios?

DeFi Option Vaults or DOVs, vaults in which investors/traders can simply stake their assets and deploy assets into options strategies.

What are covered calls?
A covered call is a strategy that involves holding the underlying asset and writing a call option on the same underlying to collect a premium over the call without the strike being hit, by selling covered call options, the profit comes from an increase in the price of the underlying index above the exercise price, but they bear the risk of a decline in the index price or the call option expiring in the money.

What are cash-secured puts?
Cash secured put is where you put up a quoted asset against an underlying asset. However, selling a secured put is anticipating an asset’s market value will stage above a certain price and collecting a premium from buyers.

Friktion Volts on Investin

For the first time, fund managers would be able to access state-of-the-art DeFi option vaults through this integration, opening a new realm for on-chain asset management.

Friktion tab on Investin

These vaults allow traders to express their outlook on markets eloquently and generate great returns for their investors, be it sideways, bear, or bull markets there is a vault to express it!

However, to access these juicy yields all Investin fund managers need to do would be to deposit into the choice of their Volt through the new tab “Friktion” on the trading terminal and wait for the epoch to start.

Composability has been always at the core of Investin and they cant wait to bring all of Solana DeFi into one place!

About Investin

Investin is a Decentralized Fund Management Protocol,  enabling anyone to invest or start funds in a trustless and secure environment on leading blockchains.

Website ♦ Twitter

About Friktion

Friktion is a DeFi portfolio management protocol on the Solana network, built to perform across market cycles. Earn sustainable yields powered by Friktion Volts!

Website ♦ Twitter

⏩ SOURCE

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SupraOracles is delighted to announce  its partnership with VOID Games, an online multiplayer play-to-earn game built on Solana.

VOID’s mission is to bridge the gap between innovative gaming and real-world players.

VOID focuses on robust and engaging gameplay, and it provides an AAA-quality experience by combining blockchain-powered assets, economics, and a community-oriented approach.

Introduction To VOID

To begin with, VOID is a game with an outside-the-box, diversified storyline. To earn more, the player must develop their gaming character. Moreover, the PvE and PvP parts of VOID will interact fluidly, allowing gamers to have a complete experience. Therefore, users can customize their avatars and participate in PVP combat on open battlegrounds. The characters in VOID are diverse, and when they learn new talents and wear new gadgets or armor, they grow more valuable. Finally, every weapon, armor, and treasure in the game can be traded for NFT on various open marketplaces.

Eventually, VOID’s immersive experience relies heavily on perfect realism and super-rich visuals and music. Solana and Unreal Engine 5 are the key technology enablers in VOID. Furthermore, Solana’s native decentralized exchange, Raydium, allows seamless in-game asset trading.

As previously stated, this partnership of SupraOracles intends to offer VOID the resources they need to implement RNG randomization in their game’s loot. Hence, the oracle toolsets from SupraOracles can be used in VOID to generate random NFT rarities and character attributes. In the future, SupraOracles will assist VOID in building cross-chain bridges for NFTs between Solana and other chains.

Rumel Esteban, CEO, and Co-founder of VOID Games, commented:

“We’re excited to be working with SupraOracles on blockchain gamification. We want to close the gap between cutting-edge gaming and real-life gamers. SupraOracles’ talented staff and commitment to providing developers with a new oracle toolset wowed us.”

Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:

“They’re creating the world’s first comprehensive NFT game. We are always happy to help blockchain gaming companies like VOID Games build profitable projects using our expertise. Additionally, we’re glad to be able to assist them in cross-chains bridging.”

About SupraOracles

SupraOracles connects traditional financial markets to the web3 environment. Its mission is to empower the developer community by providing a strong cross-chain oracle. SupraOracles integrates real-world data into public and private chains, enabling interoperable smart contracts to safeguard the future of financial markets. It also gives developers a toolbox for designing, deploying, and managing data applications that are faster, more agile, and more resilient.

Website | Twitter 

About VOID Games

VOID is a unique NFT holistic multiplayer online game that allows users to earn while providing a deeply engaging gaming experience. VOID is powered by Unreal 5 and built on Solana, one of the fastest-growing blockchain networks known for its speed and nominal fees.

Website | Twitter 

⏩ SOURCE

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Playground announced a partnership with Bridgesplit to bring a unique staking program to the Solana Ecosystem.

Bridgesplit is pleased to announce that holders of Playground NFTs will now be able to stake Waves and Epochs NFTs to earn PLAYA. However, PLAYA is the token representing the NFTs in the Playground Curated Index.

Bridgesplit takes a novel approach to stake and integrates it into their Floor Index.

Users can earn Double Yield by depositing a Waves or Epochs NFT into the Floor Index, providing liquidity to gain +25% APY in WAVES Floor Index Tokens and automatically having the NFT staked earn PLAYA Curated Index Tokens.

Moreover, Bridgesplit and Playground partnership will continue to push the boundaries of the NFT-Fi space to bring increasing value to holders by way of liquidity, rewards, and ease of use.

Playground Staking Program

On the other hand, there are currently two ways to utilize staking on Bridgesplit, manual and automatic. Both options use the same staking contract with multiple ways to get there. Let’s look at the first option, manual staking.

• Manual Staking

Therefore, if users wanted to stake their NFT like a typical staking platform, they would use the manual staking option. The user’s NFT locked into the smart contract and accumulates rewards.

Furthermore, you can retrieve your rewards and your NFT at any time. Hence, rewards from staking are emitted as the PLAYA token. PLAYA token represents the curated index that the Playground team has established. Learn more about the Playground Curated Index.

The manual method is suitable for users who do not want to fractionalize their NFTs. The NFT is deposited into the smart contract, rewards are accumulated, and the NFT, along with rewards, can be withdrawn from the agreement.

• Automatic Staking

Bridgesplit has automatically incorporated the staking contract into the Floor Index. Here is how it works.

Hence, a user deposits a whole NFT into the floor index. This NFT is locked into a smart contract, fractionalized, and 1000 Index Tokens are minted, representing fractions of any NFTs in the Index Pool. The NFT and the fractions stay locked in the smart contract, and the Index Tokens are transferred to the user’s wallet, finally.

Specifically, instead of the NFT sitting idle in the smart contract, it has been coded to take advantage of the staking contract. Hence, the NFT deposited into the Floor Index is now accumulating staking rewards just as if it were manually staked. Initially, the staking rewards accumulate with the specific NFT.

Note that the user no longer has the NFT. It has been deposited, fractionalized, and replaced with 1000 Index Tokens.

Double Yield Strategy

Particularly, to take advantage of Double Yield rewards, users would do the following. In short, they will use a Playground Epoch as an example.

• First, deposit Epoch NFT into the Epoch Floor Index. This NFT instantly accumulates PLAYA tokens while it resides in the Floor Index.
• Receive 1000 Index Tokens.
• Take all or some of the 1000 Index Tokens and pair them with an equal amount of SOL. Deposit them into the liquidity pool to receive LP (Liquidity Provider) tokens.
• Deposit LP tokens into the intelligent farming contract.
• There are now two yield streams from the initial deposit into the Floor Index. The deposited NFT is accumulating PLAYA rewards, and the LP tokens are earning WAVES rewards.
• At any time, users can claim WAVES rewards.
• Since, users would take 1000 Index Tokens and fuse an NFT in the Floor Index to claim PLAYA rewards.
• Lastly, this recombines the NFT and transfers it along with any accumulated PLAYA tokens to the user’s wallet.

About Playground

Playground is a new experiential platform focused on generative works of art stored immutably on the Solana blockchain.

Website ♦ Twitter 

About Bridgesplit

Bridgesplit is enabling participation through derivative creation, accelerating price discovery and liquidity with unique financial mechanisms, and broadening the design space of projects through new mediums of discovery.

Website ♦ Twitter

⏩ SOURCE

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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 efficiency, and all kinds of trading and DeFi aspects. Given these points, Cassava will help Crema access millions of mobile users and expand aggressively to the African market.

The goals will be achieved through the journey of educating and bringing new audiences to the DeFi and Web3 world.

Introduction to Cassava

To begin with, Cassava Network is a tokenized rewards platform committed to improving people’s lives in Africa and around the world through widespread blockchain and Web3 adoption. 

In addition to their native rewards token, $CSV, can be enforced in any existing or new Web2 application to expose users to Web3 rewards. Eventually, rather than migrating users from existing apps to blockchain-based solutions, they bring blockchain to the apps where users already are.

Cassava App Features:

• Multi-chain Wallet

Cassava builds for compatibility. Overall, users can store $CSV and other tokens from most major blockchains, giving them quick access to all their crypto holdings on the go.

• NFT Marketplace

Cassava makes storing and sending NFT assets from a single app easy.  However, other wallets require users to head to 3rd party websites to view their collections. 

• Rewards Dashboard

Furthermore, users can quickly see what rewards are available and how to claim them as soon as they open the app.

What is Crema?

Crema Finance is the first concentrated liquidity protocol built on Solana that provides superior performance for traders and LPs. Crema Finance is mainly composed of the following modules:

• Concentrated Liquidity Market Maker
• NFT Liquidity Farming
• Smart Router
• veCRM-Driven DAO Governance

Finally, their vision is to build the fundamental infrastructure for the DeFi 2.0 of Solana. As previously stated, Crema Finance can benefit all the key roles in the ecosystem.

In addition to liquidity providers, the CLMM vastly enhances the flexibility of capital injection strategies and redefines the capital efficiency and trading depth on Solana.

About Cassava Network
Cassava is the key crypto infrastructure in Africa, partnered with a squad of prominent African Internet platforms with tens of millions of active users.

Website ♦ Twitter

About Crema Finance
Crema is a robust concentrated liquidity protocol that provides superior performance for traders and liquidity providers.

Twitter |  Website

⏩ SOURCE

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Parcl, a digital real estate protocol built on Solana announced integration with Orca to provide Concentrated Liquidity!

Parcl announced integration with Orca’s Whirlpools AMM program to provide the Parcl DEX with concentrated liquidity pools. Concentrated liquidity produces the most competitive price execution and returns to LPs.

This is especially true for token pairs with well-known market dynamics, such as Parcl/USDC pairs pegged to price feeds. Development is underway, and the Orca team has been incredibly helpful as they build with the Whirlpool SDK. 

What is Concentrated Liquidity?

The Uniswap v3 protocol introduced concentrated liquidity in 2021. It takes the original constant product function AMM and lets liquidity providers allocate capital in specific price ranges.

Concentrated liquidity is particularly useful to Parcl v1 because each Parcl token minted from the protocol is price pegged to its respective parcl price feed.

They expect Parcl LPs to aggregate their parcl tokens in specific price ranges around the current parcl price feed to provide traders with the best price execution and maximize LP yields.

Concentrated liquidity is a step-function improvement for Parcl traders and LPs. They are excited for everyone to try it out in their second testnet later this month.

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 

Parcl is a blockchain-based real estate platform on Solana that lets you gain exposure to the real estate market with no minimum investment, low transaction fees, and immediate liquidity. Parcl lets you trade a digital square foot of neighborhoods from around the world.

Website | Twitter 

⏩ SOURCE

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