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Concave Finance launches to the public on 31st March 2022




In the Decentralized Finance space, Concave is a community-driven, Decentralized Finance (DeFi) protocol that aims to bring value to investors through the development of innovative DeFi products and active treasury management. At launch, Concave will introduce several novel solutions to grow its treasury whilst ensuring long-term investors receive the highest returns.


Concave places huge emphasis on its community. We are dedicated to forging a positive community space with members who constantly build up one another through the shared goal of driving Concave to greater heights. Each miner’s (term used for their community) effort represents the heartbeat of Concave; without it Concave would not exist.


THE SPOON – Unlike legacy bonding models where treasury growth via bonding is prioritized leading to the dilution of stakers, Concave is structured from scratch with both sides taken into consideration, creating a win-win solution for Bonders and Stakers. This balance is achieved by focusing on delivering value to long-term stakers via Bonding and Liquid Staking Mechanisms with anti-dilutive rewards.


1. Bonding Mechanics

Through an off-chain bonding optimization algorithm, the Concave protocol is able to maximize the value of the Treasury with respect to supply, as opposed to the more widely utilized model (e.g. the legacy bonding model) where focus is placed on maximizing supply with respect to Treasury. In short, through the Concave protocol, maximum returns are ensured for staked investors!


2. Liquid Staking Mechanics

Nothing is free in this world; Under most protocols so far, stakers are diluted in favor of bonders. However, Concave’s Protocol solves this imbalance by introducing liquid staking and a cap on the amount of stakers that can enter the longest-term positions (12 months). The problem is solved by splitting stakeholders into different categories, each with its own differentiated rewards. This way, instead of penalizing all stakeholders, the Concave model discourages short-term stakeholders with dilution, rewards long-term stakeholders with non-dilution, whilst attracting bond revenue simultaneously!


Under the Concave Model, returns can manifest in several forms.

1. Non / Anti-Dilutive Emissions

Upon staking, every staker receives an immediate compounded real-time reward redeemable at the end of the users’ staking term where the staker with the longest liquid staking position will never be diluted, controlled for by placing a limit on non-dilutive positions and minimum price on bonds.

2. Long-Term Emissions

Staking positions will receive a boost on rewards in accordance to the term length. The longest liquid staking position will receive the highest return whilst the shorter term liquid stakers will receive the lowest.

3. Backing

Any excess rewards (unminted) are controlled by an excess reward rate variable, ensuring greater control on price stability and increased treasury backing per Concave (CNV) token.


4. Treasury Dividend

Concave actively manages and invests its treasury along a number of investment strategies and product lines, distributing returns to stakeholders in the form of dividends at predefined intervals. This amount is based on their staking term.


A secondary marketplace will be made available for all investors where users can trade their individual liquid staking positions (token holders will receive an NFT that represents their liquid staking positions upon activation). This incentivizes investors to enter the most beneficial positions for long-term price stability and protocol health from the get-go while also ensuring additional revenue streams for all participants.


Concave dedicates continuous innovation in treasury management strategies to exploit any inefficiencies within the market for the benefit of their stakers. Our strategies can be broken down into 3 key portfolios:

Investment Research: Concave possesses a unique ability to source alpha using a 5-pronged approach. In short, these approaches include automated “machines” and traditional investment research strategies to engage with notable “thought leaders and crypto personalities” all in place to ensure optimized investment tips for our portfolio managers.

Delta Neutral Portfolio: Concave’s delta neutral machine generates yield whilst automatically balancing exposure to price volatility in an underlying asset, utilizing multiple positions to reduce directional risk related to price movements. This machine will be deployed across various DeFi protocols.


Stable Farm Portfolio: The stable farm portfolio is set up to ensure yield is generated on stable treasury assets within various market conditions. Through a partnership with Coindix, whitelisted stable farms are continuously monitored through an active data pipeline to ensure additional returns can be generated across all stable farm investments.

In the current climate where DeFi ecosystems are growing rapidly abundant, we would like you to think of Concave as a swiss army knife – versatile, convenient, and effective, the protocol itself brands the methodology as the “Magic Number Machine”. Designed to capture sustainable long-term and navigate through all market conditions, Concave is here to stay.

Launch Date: 31st March 2022

Token site:



RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah






Phoenix Group PLC and IOPn commit to investing $100 million to drive innovation and attract top Web3 talent to Ras al Khaimah by 2030.

This partnership aims to create a thriving ecosystem for blockchain and digital assets in the region.


RAK DAO, the world’s first and only Free Zone with Common Law features established to support digital assets companies, has entered into a strategic partnership with Phoenix Group and IOPn. This collaboration aims to drive innovation, foster economic growth, and further position Ras al Khaimah as a global hub for Web3 pioneers. Phoenix Group, an ADX-listed company, is a leader in web3 development in the UAE. IOPn is an integrated Web3 ecosystem that leverages blockchain, AI, and cutting-edge spatial computing.

As part of the partnership, Phoenix Group and IOPn have committed to investing $100 million into the Emirate of Ras al Khaimah by 2030 leveraging RAK DAO’s infrastructure. This substantial investment underscores Phoenix Group and IOPn’s dedication to stimulating innovation and attracting top-tier professionals to the region within the Web3 space. The partnership seeks to target, encourage and attract highly-skilled individuals in Web3, crypto, blockchain, and developer domains to the region. Phoenix Group and IOPn aim to enrich the local talent pool by leveraging initiatives such as the Golden Visa programs and RAK DAO business licenses through investment. By nurturing top-tier talent, RAK DAO, Phoenix Group and IOPn seek to create a thriving ecosystem that harnesses cutting-edge technologies – including blockchain, spatial, and cognitive solutions for economic development and sustainability.

Dr. Sameer Al Ansari, CEO of RAK DAO has expressed, “We are thrilled to welcome Phoenix Group and IOPn as RAK DAO’s Ecosystem Partners. The $100 million investment marks a significant milestone in our mission to establish Ras al Khaimah as a premier destination for Web3 innovation and talent. By leveraging Phoenix Group and IOPn’s expertise and resources, we are poised to further enrich our dynamic ecosystem that fosters cutting-edge technologies and attracts the brightest minds in the blockchain and digital asset sectors.

This collaboration underscores our commitment to driving economic growth and sustainability through technological advancements. We look forward to welcoming top-tier professionals and pioneering initiatives that will redefine the digital landscape of Ras al Khaimah.”

Mr. Seyed Mohammad Alizadehfard (Bijan), Co-founder & Group CEO of Phoenix Group, elaborated on the new strategic dimensions of the partnership, stating, “Our joint venture marks a pivotal expansion of our commitment to blockchain infrastructure aimed at enhancing the technological landscape in Ras al Khaimah. Our partnership will not only drive innovation but also strategically position the Emirate as a leading center for blockchain excellence globally.”


Mr. Mojtaba Asadian, Founder and CEO of IOPn, added: “IOPn builds on the visionary leadership of Ras Al Khaimah and the supporting environment created by RAK DAO to provide a unique opportunity for top-rated world talent to innovate and create value. IOPn is doing this by offering a powerful new Web 3.0 ecosystem and using the significant proven capabilities of Phoenix Group. We’re thrilled to be embarking upon this partnership with RAK DAO in collaboration with Phoenix Group.”

At the heart of this collaboration lies a commitment to access and nurture top-tier talent within the blockchain and Web3 industries. By enriching the local talent pool and fostering an environment conducive to innovation, RAK DAO, Phoenix Group and IOPN aim to drive forward-thinking initiatives that redefine the landscape and highlight the Emirate of Ras al Khaimah as an attractive destination for top talent. This six-year partnership and substantial investment underscore their dedication to stimulating innovation and attracting top-tier professionals.


The post RAK DAO Partners with Phoenix Group PLC (PHX) and Internet of People (IOPn) to Commit $100 Million Investment to Boost Web3 Innovation in Ras al Khaimah appeared first on HIPTHER Alerts.

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xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations





 xPortal, the ultimate financial super app for everything money, developed by the MultiversX team, is thrilled to announce significant enhancements to its platform, aimed at elevating the Solana ecosystem experience for both new and existing users.

These updates include the ability to top up xPortal Debit Cards with SOL, the listing of numerous SPL tokens, and the integration of leading SOL dApps in xPortal’s Discover section, the app’s multi-chain dApp hub. This development further cements xPortal’s role as a unique bridge between the digital and physical worlds, facilitating seamless transitions from crypto to cash for holders of top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), MultiversX (EGLD), Solana (SOL), and Polygon (MATIC).

Starting today, xPortal users can effortlessly top-up their xPortal Debit Cards with their SOL holdings. This new feature allows Solana enthusiasts to use their crypto for shopping easily and manage their finances quickly, making it simpler than ever to transition from digital assets to real-world spending power.


Additionally, xPortal now supports over 20 Solana-based SPL tokens, providing users with expanded opportunities to manage and interact with their favorite Solana assets. The new tokens available on xPortal include $PYTH, $IO, $JTO, $WIF, $BONK, $JUP, $RAY, $BOME, $HNT, $POPCAT, $BEER, $USDT, $USDC, $LINK, $LDO, $FTM, $RPL, $SUSHI, $DADDY, and $BODEN. This extensive list ensures that users can now enjoy a comprehensive Solana experience directly from the xPortal app, with more tokens being activated weekly.

The xPortal Discover section has also been enhanced with the addition of top-tier Solana decentralized applications (dApps). Users can now explore and interact with premier Solana dApps, including Jupiter Exchange, Raydium Protocol, and Kamino Finance.

Sergiu Biris, Head of Product at MultiversX and xPortal Lead, commented on the update: “These latest developments are a testament to our dedication to providing a complete experience for our users and represent a significant step forward in our mission to bring blockchain technology into the mainstream and make crypto payments the norm.”

“We’ve spent considerable time equipping xPortal with a unique set of features that make it stand out: unmatched simplicity and ease of use, beautifully abstracted complexity, the ability to bridge physical and digital realms, and many others. We’re excited to make access to all these features ecosystem-agnostic,” Biris added.



The post xPortal Enhances Solana Crypto-to-Cash Experience with New Ecosystem Integrations appeared first on HIPTHER Alerts.

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ChainSwap Adds BNB Chain to Their Decentralised Exchange




ChainSwap, a multi-chain decentralized exchange (DEX), has integrated BNB Chain into its platform, adding to its growing list of supported networks. The new integration will enable users to conduct transactions on the BNB network, with plans for cross-chain transactions in the near future.

The incorporation of BNB Chain has seen ChainSwap continue to expand its multi-chain DEX, cementing its commitment to provide users with a secure platform for seamless cross-chain transactions. This is enabled by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), delivering unparalleled security and privacy for transactions taking place on the platform.

Fitzy, Founder and CEO of ChainSwap, was emphatic on the importance of the new integration: “Integrating the BNB chain on our network will help our users navigate Web 3 space, and plays into our mission of growing, and becoming increasingly interoperable”.

With plans to enable cross-chain transactions between BNB Chain and other leading blockchain networks, ChainSwap aims to further expand the utility of its seamless cross-chain transactions for users.


The post ChainSwap Adds BNB Chain to Their Decentralised Exchange appeared first on HIPTHER Alerts.

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