Blockchain
AlgoVest to Launch AlgoPool, Providing up to 60% APY in Passive Income to USDC Holders
AlgoVest is pleased to announce the launching of its AlgoPool solution this month. Through AlgoPool, investors can generate passive income in DeFi through the USDC stablecoin at a rate of up to 60% APY.
Tallinn, Estonia–(Newsfile Corp. – November 17, 2021) – Yield farming remains a popular aspect of the decentralized finance (DeFi) industry. AlgoVest throws its hat into the ring through their AlgoPool income generation solution for USDC holders. AlgoPool is an investment yield platform powered by algorithmic trading and artificial intelligence. That hybrid approach has yielded over 150% in profit in less than 12 months, confirming the AlgoVest team’s approach to generating passive revenue is working wonders.
Figure 1: AlgoVest to Launch AlgoPool, Providing Up To 60% APY In Passive Income To USDC Holders
There will be three initial AlgoPool investment yield pools to choose from:
- Locking USDC for 8 weeks in exchange for a 20% APY. Users can claim their interest weekly or when the eight-week contract finishes.
- Locking USDC for 16 weeks in exchange for a 40% APY. Users can claim their interest weekly or when the sixteen-week contract finishes.
- Locking USDC for 24 weeks in exchange for a 60% APY. Users can claim their interest weekly or when the twenty-four-week contract finishes.
Participating investors can deposit USDC to a pool of their choice. However, users can only access the USDC deposit feature if they stake AVS, the native AlgoVest token. Once AVS is staked, investors can deposit USDC equal to ten times the number of their AVS stake. Furthermore, there is an extra benefit to staking AVS, as it yields 8% APY. These rewards are separate from the interests earned from the USDC investment yield pool.
AlgoVest – Providing Stability and Security
The launch of AlgoPool will mark a significant milestone for the broader cryptocurrency industry. Seekers of passive income can explore that option through USDC, a currency that does not suffer from USD-linked volatility like Bitcoin or Ethereum. Its price remains $1 at all times, creating a low-risk staking and yield farming solution for all crypto enthusiasts globally.
Furthermore, AlgoVest protects users funds through two different external security and smart contract audits. The AlgoPool will also offer deposit-protection risk coverage through a decentralized insurance provider. Initially, there will be an internal insurance funds mechanism – building up over time – to provide up to 100% cover for all deposited USDC in the AlgoPool.
Crypto investors looking to put their USDC holdings to work for passive income generation can explore what AlgoPool offers. It is backed by a proven algorithmic trading system and artificial intelligence.
To find out more about AlgoPool, keep an eye on the AlgoVest community and social channels on Telegram and Twitter. Those channels will also provide access to news, updates, and announcements, including the investment yield pool launch!
About AlgoVest
AlgoVest is a capital protection and crypto investments growth project powered by a modular algorithm. AVS, the native token of AlgoVest, is a multi-DeFi-utility and deflationary cryptocurrency that derives its value from an underlying treasury powered by a disruptive AI trading program that protects and grows investment while using the AVS token buyback as a Protect, Reward and Burn mechanism to increase value for token holders.
Official website: https://algovest.fi
Official Telegram: https://t.me/algovest
Official Twitter: https://twitter.com/algovestavs
Media Contact Details
Name: AlgoVest Team
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103982
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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