Blockchain
Duet Protocol Listed on DeFi Lama
Singapore, Singapore–(Newsfile Corp. – May 6, 2022) – A parallel universe that turns Flat Assets into Sharp Assets, Duet Protocol is now listed on DeFi Lama, the largest TVL aggregator for DeFi. DeFi Lama provides fully transparent and open-source data for over 800 #DeFi protocols from over 80 blockchain networks.
Source 1: Duet Protocol lists on DeFi Lama
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The Duet Protocol token $DUET listing will ensure locked liquidity of over 2 million in the DeFi Lama pool. This achievement will help Duet achieve its vision of building an on-chain parallel financial world governed by DAO to allow users to create and allocate capital to any assets in the world.
Duet Protocol is a community-oriented platform that offers several features such as Algo based hyper-collateralization model, hassle-free diversification, yield enhancer, market maker mechanism, duet bond, and a DAO. The project has been gradually gaining momentum, which the listing will fuel.
As the project grows, Duet Protocol aims to keep the community in the loop, and for that purpose, the project is hosting a community call on May 5th, 1 PM UTC. The community call will be led by Antonin, Duet Product Manager, and ZW, the Duet BD Head and Core Member on the platform’s Discord channel.
There will be four sections for the Duet Community Call. First, the introduction will include a brief introduction from the speakers, then a live session with Q&A with the community, market sharing, and a quiz session.
Duet Protocol aims to become the entry point of liquidity providing. This reserve capital system supplies liquidity for almost all DeFi protocols in the ecosystem while generating a world of synthetic assets whose value is entirely backed by their reserves.
About Duet Protocol
Duet Protocol is a multi-chain synthetic asset protocol that provides additional utility to assets in the blockchain ecosystem. The project is a synthetic asset minter built on Yield Aggregator that automates yield farming, maximizing returns and releasing additional liquidity. The project aims to become the entry point for liquidity providing.
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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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