DeFi

Shiba Inu's Shibarium Network to Launch Liquid Staking Feature

Friday. August 16 at 9:30 AM

1 min. read

Shiba Inu's marketing lead, Lucie, announced the official launch date for liquid staking on the Shibarium network. The development team's progress was celebrated, with liquid staking set to launch on September 18. Shibarium, a layer-2 blockchain solution for Shiba Inu, will integrate liquid staking through K9 Finance. Users can stake BONE tokens and receive knBONE, a tradable derivative token. The BONE Crusher feature testing phase targeted large token holders initially and is now open to the public. The mainnet launch on September 18 marks the second phase of the project, with 'Boro' set to launch in Q3 2024. The final phase, 'Caninae', is scheduled for Q4 2024. K9 Finance also launched its governance token, KNINE, on Uniswap. SHIB is currently trading at $0.00001370.

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Enhancing DeFi Accessibility Through Uniswap and Ledger Integration

Wednesday. January 15 at 9:00 AM

Uniswap Labs, the creators of the DeFi protocol Uniswap, have partnered with Ledger, a crypto hardware wallet provider, to integrate Uniswap's Trading API with Ledger Live. This integration allows users to swap tokens directly within Ledger Live while maintaining control of their assets through their Ledger hardware wallet. The goal is to simplify the self-custody user experience and unlock value through universal exchange. The integration features a clear signing feature supported by the Uniswap API on Ledger Live, ensuring secure authorization of transactions. By eliminating the need for hot wallets and intermediaries, users can swap on Uniswap directly from Ledger to the DApp. Initially focusing on the Ethereum network, the integration enables token swapping, such as exchanging Ether for stablecoins, directly from self-custody. This partnership aims to provide secure platforms for digital asset management and move DeFi users closer to universal exchange while maintaining self-custody.

DeFi

Integration of Digital Banking Data into DeFi by Pyth and Revolut

Thursday. January 9 at 5:00 AM

Pyth, a decentralized data infrastructure provider, has partnered with fintech banking company Revolut to integrate digital banking data into decentralized finance (DeFi). Revolut will share its digital asset price data on Pyth Price Feeds, allowing DeFi developers to use asset quote and trade data. In exchange, Revolut will provide its proprietary digital asset price data to support Pyth's decentralized applications. This collaboration signifies the blurring lines between traditional finance and Web3, according to Mike Cahill, CEO of Douro Labs and a core contributor to Pyth. The integration showcases the increasing connection between traditional finance and DeFi, laying the groundwork for a global financial market. Through this partnership, DeFi developers gain access to over 500 real-time feeds covering various assets. Revolut's expansion of its crypto offerings, including the Revolut X platform, across the European Economic Area, is seen as a natural progression.

DeFi

Strategic Investment in Solana Blockchain

Wednesday. January 8 at 9:00 PM

Sol Strategies, a Canadian holding company, has secured CAD $25 million (approximately $17 million) to invest in the Solana blockchain. The company has drawn down $4 million from the credit line to support its SOL staking operations. The credit agreement, provided by Chairman Antanas Guoga, offers access to a CAD $25 million credit facility for purchasing Solana tokens. Sol Strategies aims to enhance its stake in the Solana blockchain and become a major staker. The company plans to use the funds to support DeFi protocols, improve validator operations, and provide liquidity to Solana-based projects. The flexible credit facility allows funds to be drawn until January 6, 2027, with a 5% interest rate. Sol Strategies recently rebranded from Cyberpunk Holdings to focus on Solana investments. The company's strategic move mirrors other firms investing in specific cryptocurrencies. Despite a recent price dip, Solana's open interest hit a record high, indicating strong market interest.

DeFi

Ether Price Prediction and Market Analysis

Wednesday. January 8 at 6:00 PM

According to Dr. Sean Dawson, head of research at options DeFi protocol Derive, Ether's price could potentially reach $12,000 this year, marking a 257% increase from its current value. This surge is attributed to factors such as Donald Trump's presidency and Ethereum's upcoming Pectra upgrade. Dawson emphasized the importance of Ethereum's success with the upgrade and a favorable regulatory environment under the Trump administration for sustained growth. The market currently shows Ether trading at around $3,363. Additionally, the article discusses Ethereum's Pectra upgrade, expected in 2025, and the need for broader adoption and utility in various sectors. While bullish sentiment prevails in the options market, caution is advised as Ether's price could decline below $2,000 in a bearish scenario. The article also highlights the increasing number of long-term Ether holders compared to Bitcoin holders, indicating growing confidence in ETH.

DeFi