Blockchain
Wellfield Deploys Powerful Decentralized Volatility & Fixed Income Products Based on Uniswap Liquidity
- Wellfield has deployed a novel ecosystem of smart contracts that create decentralized trading, hedging, and fixed income products with built in liquidity, directly connected to the billions of dollars of capital already deployed on Uniswap.
- This technology fills a significant market gap as institutional capital continues to move off centralized platforms and onto DEXs, like Uniswap, which generated over US$40 billion in volume in November 2022[1]. These new spot trading venues are limited by an absence of decentralized hedging products and solutions that facilitate capital accumulation and liquidity at scale.
- Wellfield’s smart contracts are live on Ethereum, connected to Uniswap, with Wellfield giving select partners access to fixed income and volatility products in December 2022 and planned expansion to waitlisted clients in Q1 2023 before publicly launching later in the year.
Toronto, Ontario–(Newsfile Corp. – December 13, 2022) – Wellfield Technologies, Inc. (TSXV:WFLD) (OTCQB: WFLDF) (FSE: K8D) (the “Company” or “Wellfield“), today announced that it has launched the first of several distinct proprietary decentralized blockchain technologies in the Company’s IP catalogue. The Company plans to expand access from a select group of Wellfield Capital partners in December to waitlisted customers beginning in Q1 2023, and broader public expansion later in the year.
Decentralized Exchanges (DEXs) operate Automated Market Making (AMM) based trading which is distinct from traditional markets based on bid/ask order books. Uniswap, the largest DEX operating today, has attracted billions of dollars of capital, and generated over $1 Billion USD in spot trading revenues[2] in the last two years alone by enabling participants to trade without counterparty risk or reliance on a centralized exchange operator. However, DEXs do not address certain challenges such as impermanent loss, capital inefficiency, and temporary low liquidity. Participants who deploy capital on DEXs lack robust decentralized solutions that mitigate price and volatility risks.
Wellfield fills a significant market gap and addresses these challenges with an innovative ecosystem of smart contracts that create decentralized trading, hedging, and fixed income products with built in liquidity, directly connected to the billions of dollars of capital already deployed on Uniswap.
Management Commentary
Levy Cohen, CEO of Wellfield commented, “During the last year while instability and counterparty risk ruled, DEXs established themselves as viable alternatives to centralized trading platforms. However, DEXs do not yet provide all the solutions that sophisticated investors need to manage their operations. Large institutional investors will not enter on-chain markets in a meaningful way without access to liquid, decentralized risk management products and access to sophisticated trading vehicles. Wellfield’s offering addresses this need and is compelling in that it doesn’t compete for liquidity but rather it adds value to the capital deployed on Uniswap by offering decentralized, composable, and liquid risk management solutions.”
Mr. Cohen continued, “Additionally, this technology enables us to engineer fixed income products generating yield that is naturally derived from real trading fees collected on Uniswap. We believe that there is significant untapped opportunity for legitimate decentralized fixed income products in our industry, and we are excited to offer this to our institutional clients at Wellfield Capital and in the future our retail Coinmama customers through our self-custody mobile application.
This release is an important and exciting milestone for Wellfield, being the first decentralized technology that we launch as a company and valuable infrastructure for our industry. The commercialization of Wellfield’s portfolio of internally developed IP will create a new, high margin revenue channel for the Company, which we expect will contribute to future profitability.”
About Wellfield Technologies (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D)
Wellfield is an R&D focused Fintech company that operates on public blockchains including Bitcoin and Ethereum. The Company operates a regulated platform that onboards customers globally at scale, leveraging its proprietary decentralized technology to offer highly disruptive on-chain self-custody solutions. Wellfield operates through two brands: Coinmama, which with a growing base of more than 3.5 million registered users, is one of the most trusted and enduring global brands operating in the crypto space; and Wellfield Capital, which the Company announced in late 2022 to meet the needs of institutional users and professional investors.
Join Wellfield’s digital community on LinkedIn and Twitter, and for more details, visit wellfield.io
For further information contact:
Wellfield Technologies Inc.
Levy Cohen, CEO
[email protected]
Jonathan Ross, Investor Relations
[email protected]
(416) 283-0178
For media enquiries, please contact Kieran Lawler:
[email protected]
(416) 303-0799
Cautionary Notice on Forward-Looking Statements
This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements in this news release include statements regarding the Company’s success in launching the protocols and other technologies and utilities discussed herein, the integration, expansion and continued revenue generation of Coinmama, and the anticipated strategic, operational and competitive benefits of the Acquisition;. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: compliance with extensive government regulations; domestic and foreign laws and regulations adversely affecting the Company’s and Coinmama’s business and results of operations; the anticipated launch of products may not be realized as intended or at all; the strategic, operational and competitive benefits of the Acquisition may not be realized; the impact of COVID-19; the decentralized finance industry generally, in Canada and abroad; and general business, economic, competitive, political and social uncertainties. Readers are cautioned that the foregoing list is not exhaustive and readers are encouraged to review the disclosure documents accessible on the Company’s SEDAR profile at www.sedar.com . Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
The TSXV has neither approved nor disapproved the contents of this news release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Wellfield Technologies Inc.
[1] Dune.com/projects/uniswap
[2] Info.uniswap.org
As the Layer-1 ecosystem is increasingly flooded with inflated performance claims, new research from Steven Pu, Co-Founder of Taraxa, delivers a reality check. Using data from Chainspect, the study evaluates the cost-efficiency of 22 blockchains by analyzing the real-world cost of running a validator node against actual mainnet throughput.
Blockchain performance reports often rely on idealized scenarios with private testnets, specialized hardware, and unrealistic assumptions that inflate transactions-per-second (TPS) numbers. This results in performance claims that look impressive on paper but do not hold up in practice.
Pu’s research introduces a more pragmatic approach—measuring transactions per second achieved on mainnet per dollar spent on a validator node (TPS/$). This simple yet powerful metric directly addresses the distortion in performance figures by shifting the focus from theoretical throughput to cost-adjusted efficiency. By assessing how much real transaction processing power a network provides per dollar spent, this study offers a fair and verifiable way to compare blockchains on a level playing field.
Figures are produced by dividing the observed mainnet throughput by the monthly cost of a single validator node. The goal is to ensure that blockchain developers, investors, and users have access to data that truly reflects network sustainability and scalability.
This research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.
Tellingly, the results expose a striking gap between theoretical performance figures and real-world results. Figures show that theoretical throughput is overstated by a staggering average of 20 times when compared to actual mainnet observations. This means that TPS figures, often cited in whitepapers and marketing materials, vastly exceed what is achievable under real-world conditions.
Such a significant discrepancy suggests that developers, investors, and users may base their decisions on numbers that do not hold up outside of a controlled test environment. This calls for a reform in how blockchain performance is reported and evaluated.
“Investors, developers, and users deserve transparency,” explains Pu. “The blockchain industry has long been obsessed with theoretical performance figures, but numbers generated in a lab mean little if they can’t be replicated in real-world conditions.”
“Our research also shows that many networks require expensive hardware just to achieve modest transaction rates, which is neither technically impressive nor decentralized. By focusing on verifiable data from live networks, we can shift the conversation toward meaningful performance metrics that actually impact usability, cost-efficiency, and decentralized adoption.”
Findings also show that only four out of the 22 blockchains achieve a double-digit TPS/cost ratio. This low percentage highlights that most networks require high expenditures to reach modest transaction rates. Many networks fall short when the real cost of running a node is considered. Users and developers face a challenging landscape where performance is not always backed by cost efficiency.
Rather than dismissing other chains, Taraxa calls for more transparent, verifiable and balanced metrics for comparing blockchains. The research is more than just a comparison—it’s a call to action. For too long, blockchain projects have relied on inflated performance metrics that fail under real-world conditions. By shifting the focus to cost-efficiency and observed mainnet performance, Pu’s study sets a new standard for evaluating blockchain scalability.
Overall, the research challenges common industry practices that rely on overly optimistic theoretical metrics. The market often relies on figures generated under ideal conditions that rarely match everyday use.
By basing this study on data from live networks, the Taraxa team provides a more grounded look at blockchain performance. The focus on cost efficiency and real-world conditions helps set a new standard for performance reporting.
The post Taraxa Report Reveals 20X Overestimation In Blockchain Throughput appeared first on News, Events, Advertising Options.
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