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Blockchain Press Releases

Moby, the Next On-chain Options Protocol, Receives Grant from Arbitrum Foundation

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First ever on-chain options protocol to receive Arbitrum Foundation Grant prior to full launch

Moby set to drive next narrative for DeFi with its unique SLE (Synchronized Liquidity Engine)

SINGAPORE, Jan. 23, 2024 /PRNewswire/ — Moby, an on-chain options protocol backed by its pioneering Synchronized Liquidity Engine (SLE), rendering real-time accurate pricing; narrowest spread in the market; maximum liquidity; and Robinhood-class UI/UX, has received the Arbitrum Foundation Grant. The deal will bring Moby on Arbitrum One by H1 2024 to drive the next narrative for DeFi.

As the premier Layer2 (L2) scaling solution for Ethereum, Arbitrum leads with an impressive Total Value Locked (TVL) of approximately $10 billion, the highest across all L2 networks. The Arbitrum Foundation is dedicated to fostering the ecosystem’s growth by awarding grants to protocols that demonstrate problem-solving capabilities and bring unparalleled value to the Arbitrum Ecosystem.

Moby has been nominated as the first options protocol to receive the Arbitrum Foundation Grant prior to official launch on Arbitrum One. Moby’s recent accomplishments bolsters the potential of on-chain options leading the next drive for DeFi adoption. Over the course of 96 hours since its most recent update on Arbitrum Testnet, Moby has generated over $10 billion in options trade volume and acquired more than 2,000 traders, each incurring over 20 transactions per day on average.

Moby, built for both traders and liquidity providers, offers a favorable trading environment for options trading with its suite of radically designed features such as SLE (Synchronized Liquidity Engine) and Dynamic Risk Premium model, which altogether render real-time accurate options pricing, dynamic risk management, and abundant liquidity.

Based on its solid infrastructure and design, Moby is dedicated to bringing unprecedented value to the DeFi ecosystem with on-chain options that enables controlled risk exposure, high leverage, and no liquidation risk for traders. Moby’s OLPs (Options Liquidity Pool) will also function as a source of passive income for liquidity providers upon Moby’s full launch on Arbitrum One.

Moving forward, Moby’s mission is to establish grounds for all on-chain options and derivatives by introducing on-chain infrastructure for structured products, tokenized positions, and Real World Assets (RWA). From a business perspective, Moby is set to scale and lead the on-chain options vertical through integrating with existing DeFi services and welcoming institutional adoption.

“The on-chain options market has enormous potential, driven by robust demand from both the public and institutions.” said the CEO at Moby. “Moby aims to become the market-meta-driving protocol for on-chain options in 2024 as did GMX for on-chain perpetual futures in 2021.”

After a recent UI/UX update, Moby has launched Moby Open Beta Round2 (MOBR2) event, whereby early access users can try out Moby on Arbitrum Sepolia and provide hands-on feedback for further improvements, prior to Moby’s official launch on Arbitrum One in H1, 2024.

Moby Contacts
Team Moby 
[email protected] 

About Moby

Led by a team with extensive experience in finance, blockchain, and data science, Moby is an on-chain options protocol to lead the next narrative for DeFi. Moby offers an optimized trading environment based on its pioneering SLE (Synchronized Liquidity Engine) and Dynamic Risk Premium model, which enables real-time accurate pricing, narrowest spread in the market, abundant liquidity, and Robinhood-class UI/UX. Moby is set to provide new features such as capital efficiency improvement models, structured products, short-term options, and tokenized options positions to welcome institutions and traditional TradFi audience.

WebsiteTwitter ⎹ DiscordDocsBlog

About Arbitrum One

Arbitrum One — a leading Ethereum Layer-2 scaling solution initially developed by Offchain Labs — offers ultra-fast, low-cost transactions with security derived from Ethereum through Optimistic Rollup technology. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 54%+ TVL in the L2 segment. 2000+ DeFi and NFT projects are live on the ecosystem to date.

About Arbitrum Foundation

The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum.

Photo – https://mma.prnewswire.com/media/2324658/Moby_Arbiturm_Grant.jpg  

 

 

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Blockchain Press Releases

Flash News: OKX Hosts ‘Manta Trading Campaign’ Featuring USD20,000 Manta Token Prize Pool

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SINGAPORE, Feb. 26, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for February 24, 2024.

OKX Hosts ‘Manta Trading Campaign’ Featuring USD20,000 Manta Token Prize Pool

OKX today announced the launch of its ‘Manta Trading Campaign,’ giving users who complete tasks such as following OKX Web3 on social media, swapping and bridging tokens the opportunity to claim a share in a USD20,000 Manta token prize pool.

To have a chance to win a portion of the Manta token prize pool, users must trade tokens worth more than USD10 on the Manta Pacific chain. In addition, they must bridge tokens valued over USD10 to the Manta Pacific chain through OKX DEX. Participants are also required to engage in several social media tasks, including following OKX Web3 on X. All campaign details can be found here.

OKX announced that it has integrated Manta, an innovative Layer 2 privacy protocol, into its DEX offerings on January 27, 2024. This integration allows OKX DEX users to easily conduct on-chain swaps and cross-chain transactions via the Manta network.

For more information, please visit the OKX Support Center.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

Logo – https://mma.prnewswire.com/media/2346768/image_5001747_39221740.jpg 

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Blockchain Press Releases

Flash News: OKX DEX Aggregator Now Supports Metis, a Layer 2 Scaling Solution for Ethereum

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SINGAPORE, Feb. 25, 2024 PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for February 25, 2024.

OKX DEX Aggregator Now Supports Metis, a Layer 2 Scaling Solution for Ethereum

OKX today announced that its DEX aggregator now supports the Metis network. This integration allows users swap tokens and conduct cross-chain transactions on the Metis network through OKX DEX.

By enabling on-chain swaps and cross-chain transactions on Metis Network directly through OKX DEX, user convenience is greatly enhanced. This latest addition also improves liquidity and offerings, as OKX DEX now connects with top DEXs on Metis, such as Hermes Protocol, NetSwap, Tethys, and Wagmi, covering 97% of the network’s liquidity.

Metis is a Layer 2 scaling solution for Ethereum, providing a more efficient and scalable platform for DApps and transactions. Unveiled in March 2023, Metis DAO’s hybrid rollup offers a range of benefits, including EVM equivalence, enhanced security, lightning-fast transaction confirmations and optimized capital efficiency. Metis’ native token, METIS, can be used for transaction fees, locking (staking) to become a sequencer and fraud challenge incentives.

For more information, please visit the OKX Support Center.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit:  okx.com

Disclaimer

Logo – https://mma.prnewswire.com/media/2014295/OKX_Logo_Logo.jpg

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Blockchain Press Releases

AEVOLVE Labs: aelf’s New Incubator Spearheading Web3 Innovation

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Singapore-based aelf launches AEVOLVE Labs to nurture blockchain projects, bridging the gap between Web2 and Web3 with tailored support and mentorship

SINGAPORE, Feb. 23, 2024 /PRNewswire/ — aelf, a high-performance Layer 1, has launched AEVOLVE Labs, an incubator to identify and support promising blockchain projects. AEVOLVE Labs embraces a chain and vertical agnostic philosophy and is positioned to support diverse projects, ensuring meaningful reach and impact across various blockchain technologies and market sectors. Selected projects will be provided with bespoke mentorship, extensive networking opportunities, and funding support – all customised to meet their specific blockchain needs and enhance their innovative potential.

AEVOLVE Labs is strategically designed to identify and support early-stage blockchain projects building across any blockchain ecosystem, with the aim of realising a highly efficient and interoperable future. Through the incubator, projects will gain access to vital resources and support from aelf. The incubator also serves as a launchpad, enabling aspiring projects to become blockchain-enabled by overcoming common barriers to entry, such as limited domain knowledge, nascent infrastructure, and funding constraints.

AEVOLVE Labs adopts a tailored approach to support the unique requirements of each project, focusing primarily on three critical areas: product-market fit strategy, networking opportunities, and financial support:

  1. Product-Market Fit Analysis: Projects undergo a thorough assessment to ensure market alignment, with AEVOLVE Labs providing advice on marketing and operational strategy that is catered to each project’s success.
  2. Extensive Networking Community: The incubator facilitates connections between project founders and an extensive network of institutions, industry specialists, investment funds, communities and thought leaders in the Web3 space, which allows the exchange of valuable insights and the opportunities to collaborate or list their projects.
  3. Funding and Financial Strategy Support: Participants have the opportunity to seek funding from aelf Ventures’ $50 million Ecosystem Fund, the aelevate Gaming Grant, and external investors, opening the doors for projects to secure the necessary financial backing. Additionally, projects will receive comprehensive advice on revenue projection, fundraising strategies, and developing a sustainable tokenomics model, all aimed at building a strong financial foundation.

“Through AEVOLVE Labs, we want to provide a conducive avenue for projects to innovate within the blockchain space. This requires close collaboration between our team and the projects, and the incubator is structured to help these projects address specific pain points while providing strategic support. We are confident that AEVOLVE Labs will empower these projects to lead, enhance, and develop Web3 use cases that will benefit the entire ecosystem,” said Hazel Zhang, Head of Investment at aelf.

AEVOLVE Labs welcomes projects from diverse sectors, and applicants will be evaluated against predefined criteria to assess their potential value. Once selected, these projects will join aelf’s existing portfolio of incubation projects and participate in an incubation programme for a period ranging from 6 to 12 months.

Stay updated on aelf’s news and engage with the aelf community on:

Website: https://aelf.com
Telegram: https://t.me/aelfblockchain
Discord: https://discord.gg/bgysa9xjvD 

About aelf

aelf, a high-performance Layer 1 featuring multi-sidechain technology for unlimited scalability. aelf blockchain is designed to power the development of Web3 and support its continuous advancement into the future. Founded in 2017 with its global hub based in Singapore, aelf is one of the pioneers of the mainchain-sidechain architecture concept. Incorporating key foundational components, including AEDPoS, aelf’s variation of a Delegated Proof-of-Stake (DPoS) consensus protocol; parallel processing; peer-to-peer (P2P) network communication; cross-chain bridges, and a dynamic side chain indexing mechanism, aelf delivers a highly efficient, safe, and modular ecosystem with high throughput, scalability, and interoperability.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network. aelf is committed to fostering innovation within its ecosystem and remains dedicated to driving the development of Web3 and the adoption of blockchain technology.

Disclaimer: The information provided in this press announcement is for general informational purposes only and does not constitute legal, financial, or investment advice. aelf makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this press announcement. Any reliance you place on such information is strictly at your own risk. Blockchain technology and cryptocurrency involve inherent risks, including but not limited to market volatility, regulatory changes, and potential security vulnerabilities. By accessing and using the information provided in this press announcement, you agree to indemnify and hold aelf, its officers, directors, employees, and agents harmless from and against any and all claims, liabilities, damages, losses, or expenses arising out of or in connection with your use of the information or participation in aelevate. aelf reserves all rights not expressly granted in this press announcement.

Photo – https://mma.prnewswire.com/media/2346094/AEVOLVE_Labs_aelf_s_New_Incubator.jpg

 

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