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Paçoca: The Foremost DeFi Portfolio Manager Hub

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São Paulo, Brazil–(Newsfile Corp. – July 24, 2022) – Paçoca is a sweet portfolio tracker in which users can track their DeFi assets, invest in smart vaults with compounding yields, and use the decentralized exchange aggregator to trade tokens.

Paçoca: The Foremost DeFi Portfolio Manager Hub

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Users may view all of their DeFi assets from various chains on an unified page with the help of Paçoca, a strong portfolio manager that is free to use and practical for all DeFi users. The platform serves as a one-stop DeFi hub that is a multichain portfolio manager, an automated yield farming system, and a DEX aggregator in an effort to close the barrier among the variety of services provided by DeFi platforms and their lack of availability in one place.

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In order to enhance the DeFi user experience, Paçoca seeks to offer a comprehensive and consolidated display of the assets invested in various DeFi projects in EVM-based blockchains like BNB Chain, Fantom, Polygon, Avalanche and/or Ethereum. The platform has a strong emphasis on simplicity and is perfect for anyone looking for a refined, yet powerful DeFi hub with a real-time portfolio tracker throughout numerous chains.

The Paçoca Dashboard

Users may check all of their DeFi staking, borrowing, lending, rewards to harvest, tokens, NFT, and asset allocation on a single Dashboard page. The Dashboard also provides further information on LP farming and can display token quantities and values.

Additionally, Pacoca offers a “Convert your balances into PACOCA” option that enables users to combine tokens with low balances into a single transaction and exchange them for $PACOCA.

Users do not need to have access to wallet apps to monitor their DeFi portfolio in real-time using the Pacoca app; they may do so right on their phone’s screen.

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Click here to see how to add Paçoca to the home screen.

Automated Yield Optimizer and DEX Aggregator

Users can invest in Paçoca to generate passive income in addition to seeing their portfolio. The BNB Chain currently supports this feature. Here, Pacoca has its own vaults, such Auto PACOCA, PACOCA-BNB, and PACOCA-BUSD, that offer significant annual percentage yields (APY) to $PACOCA holders.

Sweet Vaults are the latest innovation from the Pacoca Team. The Sweet Vaults work as follows:

  1. The smart contract receives the original deposit from the user and deposits it to the third-party platform Masterchef (e.g., PancakeSwap);
  1. The generated rewards from your initial deposit are automatically claimed and converted to $PACOCA;
  1. The $PACOCA rewards are deposited on the Auto PACOCA pool, giving the user a higher APY while protecting their principal.

Inspex and Certix with Skynet audit Paçoca, and the smart contracts are observed continuously in a 24-hour period.

The Future

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Paçoca wants to establish itself as the leading one-stop destination for DeFi services. On March 13, the platform celebrated its first birthday by releasing its inaugural NFT birthday collection and the first and second quarters of its 2022 roadmap. More features, including the ZAP function, DAO, Portfolio surprise feature, PFP NFT collection, Cross-chain Tokens, and Sweet vaults, among others, will be implemented in the future.

Contact Details

Global Community: https://t.me/pacoca_io
Announcements Channel: https://t.me/Pacoca_Announcements
Website: https://pacoca.io/
Twitter: https://twitter.com/pacoca_io
Medium: https://pacoca.medium.com/
Contact: [email protected]
Contact Person: John Smith

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131733

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Blockchain

Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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Blockchain

Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation

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The Manta Foundation has launched its $50 million EcoFund to build a robust ecosystem for leading blockchain projects, as per Manta Network. This initiative demonstrates the foundation’s commitment to funding opportunities and developer support for innovative blockchain ventures.

Funding and Support Opportunities
Starting June 15th, the one-year EcoFund will offer significant financial support through its Ecosystem Grant Program, which provides early-stage projects with grants of up to $50,000. This initial funding is crucial for bringing innovative ideas to life.

Additionally, the EcoFund dedicates $35 million for direct investments in promising projects on the Manta Network. These strategic investments aim to foster high-growth ventures that align with Manta Network’s long-term objectives, promoting a collaborative and mutually beneficial environment.

Diverse Project Focus
The Manta Foundation supports a broad range of projects across sectors such as DeFi, Gaming, NFTs, and more. These initiatives are chosen for their potential to drive consumer adoption and significantly enhance the Manta Network ecosystem.

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Applications for the EcoFund are accepted on a rolling basis, ensuring ongoing funding and support opportunities. The foundation prioritizes projects with robust business models and scalability, aiming to ensure the ecosystem’s financial health and sustainability.

Specialized Funding Categories

In addition to general grants, the EcoFund targets specific high-growth areas:

– AI/DePIN: Focused on using AI and Decentralized Physical Infrastructure Networks for sustainable solutions.
– Zero-Knowledge: Investments in zero-knowledge technology to boost privacy and security in the blockchain space.
– Memecoins: The Moon Mission Grant supports the development and growth of meme projects on Manta Pacific, fostering a vibrant memecoin culture.

Events and Hackathons
To further enrich the ecosystem, the Manta Foundation has allocated $5 million for online and offline events and hackathons. These events aim to attract new developers and users, fostering a culture of innovation and collaboration within the Manta Network community.

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Source: blockchain.news

The post Manta Foundation Unveils $50M EcoFund to Foster Blockchain Innovation appeared first on HIPTHER Alerts.

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