Blockchain
AXEDAO – The New Promising OHM’s fork
Singapore, Singapore–(Newsfile Corp. – November 22, 2021) – The decentralized reserve currency, AxeDAO, is building a community-owned decentralized financial system to bring more stability and transparency for the world, and help everyone get an opportunity to be financially free.
- Bonding: Bonds refer to the process of trading Liquidity Provider (LP) tokens for AXE tokens at a discount (below market price). Bonding is the secondary value accrual strategy of AxeDao; Bonding is an active, short-term strategy and bonding allows AxeDao to accumulate its own liquidity.
- Some key points on Bonding:
Bonds give the opportunity to buy AXE from the protocol at a discount. Here are just a few differences to keep in mind:
- Pay for AXE with liquidity. This aspect helps the protocol accumulate liquidity shares.
- NO AXE up front. Instead, the AXE is vested over the course of five days. This smooths out market impacts from the new supply of AXE.
- The demand for bonds will determine the discount. The bond discounts increase when there are more bonds, and decreases when there are less.
- Once bond, the LP commitment is locked. When a user has executed a trade, the user has made the trade. Think of it as buying AXE and committing to stake for 5 days with a set reward rate.
- There are 4 pool bonds of AXE: The main one is: AXE-DAI, then AXE-USDC, AXE-USDT, AXE-ETH. One example when a user buys AXE bonds: A User can buy 10 AXE on Uniswap at $1000 each, and a user can buy 13 AXE bonds for $1000 total and receive the same amount after 5 days.
Here is how to buy AxeDao bonds.
Join the AXEDAO community
Here are the communities of AxeDao, joining all would help anyone to stay updated all the time on this hidden gem.
Website: axedao.finance
Telegram: https://t.me/Axe_Dao
Twitter: https://twitter.com/AxeDao
Discord: https://discord.gg/aPsrVWnuKG
Medium: https://medium.com/@axedao
For more questions and inquiries please visit our FAQ section or email us at [email protected] or [email protected]
Media Contact –
AXEDAO
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/104776
Blockchain
39% of Canada’s institutional investors have exposure to crypto: KPMG
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
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Blockchain
Cronos collaborates with KYVE to revolutionize Blockchain Data
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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