Blockchain
Poolz Finance Inks Partnership With Kyber Network to Invest in Emerging Projects
Gibraltar, Iberia–(Newsfile Corp. – March 7, 2022) – DeFi leading launchpad, Poolz Finance, is announcing its collaboration with the crypto liquidity hub, Kyber Network. This partnership will asist in leveraging multiple futuristic projects from the ground up, providing projects with the necessary infrastructure to grow.
Through this partnership with Kyber Network, Poolz aims to accelerate the growth of all projects integrating and using KyberSwap by introducing a grant program. New projects launched through Poolz Finance can immediately provide liquidity for its tokens in an efficient manner on KyberSwap.
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This is another step in the long milestone of Poolz to its position as the most advanced DeFi’s go-to fundraising platform and token launchpad.
“Since the onset of Poolz Finance, our goal has been to transform fundraising in DeFi and foster the rapid growth of innovative projects,” says the team at Poolz Finance. “The partnership with Kyber Network plays right into this vision of ours. We believe we could be at the helm of the development of multiple cutting-edge DeFi projects along with Kyber Network, and solidify our position as DeFi’s ace launchpad.”
The key points behind this partnership are:
- Poolz Finance aims to have multiple top-tier mutual investments with Kyber Network on the platform.
- Projects using KyberSwap can now apply for grants from Poolz Finance and Kyber Network. $1 million from Poolz’s venture arm, Poolz Ventures, is invested into this most ambitious projects being built on Kyber Network.
- Projects will have the opportunity to apply for mutual IDOs on Poolz Finance and KrystalGO (a mutual IDO partner).
KyberSwap (Kyber’s flagship product) is a DEX aggregator and liquidity protocol that gives traders the best rates on Ethereum, Polygon, BSC, Avalanche, Fantom, Cronos, and other networks. The liquidity on this protocol is sourced from multiple DEX and liquidity protocols, including KyberSwap’s own pools.
“KyberSwap’s goal is to be the best chain agnostic Dex. The end goal is to provide the best experience, efficiency, speed and security to users. Identifying, backing and launching the next generation of DeFi giants together with Poolz is a perfect complement to our DNA: Thinking long-term, doing right by the users and builders, and a strong focus on ecosystem building,” says Victor Tran, CEO Kyber Network.
Liquidity providers on KyberSwap also earn more as they enjoy high capital efficiency and benefit from the swap fees and yield farming rewards generated on the platform. This provides a way for all these platforms to access liquidity and facilitate token trading at the best rates for its users.
Stay tuned to this space for further updates about the partnership.
About Kyber Network
Kyber Network is a decentralized liquidity hub for DeFi that connects liquidity sources and facilitates token trading and swapping without the need for intermediaries. KyberSwap can be easily integrated into DeFi platforms, decentralized applications, and crypto-wallets, with over 100 Dapps already integrated.
About Poolz Finance
Poolz is a decentralized cross-chain IDO platform built on top of Web 3.0 infrastructure to assist crypto industry projects in raising funds before listing. Poolz Venture is an investment fund set up by the core team at Poolz to further build on the vision Poolz started with.
Website: https://www.poolz.finance/
Medium: https://poolz.medium.com/
Twitter: https://twitter.com/Poolz__
Telegram: https://t.me/PoolzOfficialCommunity
Telegram Announcements: https://t.me/Poolz_Announcements
Github: https://github.com/The-Poolz
Discord: https://discord.gg/8REVabc
Contact:
CMO
Liam Cohen
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115772
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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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