Pendle

pendle

I have been professionally involved in DeFi for 8 years (as a researcher, LP and advanced user). Today, I would like to talk about one of the major trends of 2023 - restaking. For this, I will try to go step by step, rather than giving the 1001st description of the general processes, of which there are so many in Google search results. So you have ETH, what's next? Let's imagine you have 1 ETH. Not bad. Is its price increasing? In the medium and long term - yes, but in the short term - not always: What to do? The most conservative strategy in this case is HODL, but in this case, DeFi is not yet in the picture. Liquid Staking The next step is liquid staking. To get straight to the point, Ethereum, like many other projects, is now PoS (Proof-of-Stake), which means? It means validators or other super-nodes receive rewards. Since that's the case, these rewards can be... tokenized, turning them into a separate financial instrument (derivative). This is exactly what Lido, Rocket Pool, and a number of other projects have done (today their total number has exceeded a hundred, although barely 10 are truly active): I always use Lido as an example, but only because they are the largest. If you, like me, prefer more decentralization, then Rocket Pool is the right and precise choice. The APR for stETH today is 3%-3.5% (Lido), but at the beginning of the transition era, it was over 10%: No super-knowledge is needed for liquid staking: Go to the page: stake.lido.fi;
Authorize with your wallet (Metamask or something else - it doesn't matter);
Stake ETH as the base asset and receive a first-order derivative - stETH. A few life hacks right away: Learn to check any asset/project through at least 2-3 sources:

My 1st source is pro.similarweb.com: you can quickly check the traffic and when the site became active to avoid obvious scams (you can also add a who-is check here);
The 2d source is coinmarketcap.com: any aggregator will do, the main thing is that it updates promptly;
The 3d source is any search engine without subjective filtering;



Always carefully research the economic conditions (DYOR) during your first transactions:

What is the base and derivative asset worth?
What is the provider's fee?
What is the gas price (even in cheap networks, failures are not uncommon)?
Do the APR/APY figures match the stated ones (you can check on the same aggregators)?



And always scroll through the news feed: blockchain solutions are rarely hacked, but DNS attacks, simple phishing sites, and other issues happen much more often, as there are always two vulnerable links in decentralized Web3:

centralized intermediary services;
you → the person. So, you have received the long-awaited stETH, and now your yield on ETH is 3% per year or more. Is that a little? Yes, but it's in ETH, and as we remember, it can rise from $0.03 to $4500 or more. And this is our main hope. But can the yield be increased further? Yes, it can! Restaking "This is a new onchain primitive similar to rehypothecation, allowing either natively staked ETH or Liquid Staking Tokens (LSTs) to be restaked in return for additional yield". So, let's immediately see how this works in practice. We go to kelpdao.xyz and stake the 1 stETH we obtained earlier: And again: Don't be lazy and study the protocol audit: audits themselves may not help much, but it's worse when they're absent;
Look at APY/APR: that's why you came here;
And then the operation is the same as before: input the base asset (now stETH) and receive the derivative (rsETH). You can also try EtherFI, Renzo protocol and others: it depends more on current rates and your imagination. Life hack: never put 1 to 1. In the sense that if you're going up the ladder of complex derivatives, it's better to go like this: 1 ETH => split into 0.8 & 0.2: leave 0.2 in ETH, and convert 0.8 into stETH; Then divide 0.8 stETH again into 80% and 20% (any slippages, differences in rates, included rewards - keep in parentheses) and so on. Why all this complexity? Because: Protocols get hacked;
Individual pools get hacked too;
Even individual assets. And don't forget to remove unnecessary approvals through scanners or special services like cointool.app. So, we've progressed: From a hypothetical 0% APR on ETH to 3% in stETH;
And then, with the specific implementation of restaking in Kelp DAO - up to 4.28% (don't rush to add percentages, as there are many pitfalls here). What's next? Remember that diversification is decentralization and try to allocate 80% of 0.8 (0.64) stETH through various protocols, for example: ETHERfi;
Renzo;
Kelp;
Swell. In total, we get 0.64/4 = 0.16 for each service. But you are free to act as you wish and, by accumulating loans in AAVE, invest not a part of the whole, but the whole plus a part. Is this risky? Yes. But DeFi endures everything. Can you achieve even higher returns? Yes, but first - some more life hacks: Don't forget about bonuses (via airdrops) from EigenLayer and protocols (like Kelp, calculating points for a reason), which also add to your profitability;
You can continue using the assets in DeFi, which also adds extra income (though no one can guarantee it);
Finally, don't forget about cross-chain arbitrage: you can always look for a new network and try to bridge (transfer) your assets - currently possible on Scroll, where different restaking derivatives earn so-called marks. And yet, what about ETH itself: can you do something more to improve profitability? The short answer is yes, but implementing this answer is not as simple as it seems. The magical Pendle In fact, there are several services like this, including Asymetrix, but for brevity, I'll focus on Pendle specifically: especially since it has proven itself quite well in the past year (although everyone has their mishaps). And again - headfirst into practice: On the main page, select the asset you need (initially set the mode to simple: once you understand it, you can start experimenting with YT & PT), check the APR/APY, if it suits you - proceed to its staking page: Carefully and as capable as you can, read the terms and lock your assets: again, the choice of percentage is up to you, but I would recommend (if I could) starting with at least an 80/20 strategy everywhere. That's it, now you've learned how to hedge your bet on a complex derivative. It sounds strange, but it's true. Want more? Well, don't linger and follow the primary source: pendle.gitbook.io/pendle-academy. The position will look something like this: So, from zero, we can pull out approximately 7%-10% annually (in the worst case, 4-7%) in ETH, which is already quite substantial. But that's not all. Take another look at the scheme we've walked through: Conclusion Undoubtedly, the presented scheme can be both simplified and made more complex. Moreover, different services (projects) can be used at different stages. However, the main point is that the described scheme is universal in theory on the one hand, and on the other hand, it is implemented in quite specific practice. If this post sparks interest, I will continue. But for today, that's all from me and Ch33r$! I have been professionally involved in DeFi for 8 years (as a researcher, LP and advanced user). Today, I would like to talk about one of the major trends of 2023 - restaking . For this, I will try to go step by step, rather than giving the 1001st description of the general processes, of which there are so many in Google search results. restaking description So you have ETH, what's next? So you have ETH, what's next? Let's imagine you have 1 ETH. Not bad. Is its price increasing? In the medium and long term - yes , but in the short term - not always: yes but What to do? The most conservative strategy in this case is HODL , but in this case, DeFi is not yet in the picture. What to do? HODL Liquid Staking Liquid Staking The next step is liquid staking . To get straight to the point, Ethereum , like many other projects, is now PoS (Proof-of-Stake), which means? It means validators or other super-nodes receive rewards. Since that's the case, these rewards can be... tokenized , turning them into a separate financial instrument ( derivative ). This is exactly what Lido, Rocket Pool, and a number of other projects have done (today their total number has exceeded a hundred, although barely 10 are truly active): liquid staking Ethereum PoS tokenized derivative I always use Lido as an example, but only because they are the largest. If you, like me, prefer more decentralization, then Rocket Pool is the right and precise choice. The APR for stETH today is 3%-3.5% (Lido), but at the beginning of the transition era, it was over 10%: APR No super-knowledge is needed for liquid staking: Go to the page: stake.lido.fi; Authorize with your wallet (Metamask or something else - it doesn't matter); Stake ETH as the base asset and receive a first-order derivative - stETH. Go to the page: stake.lido.fi ; stake.lido.fi Authorize with your wallet ( Metamask or something else - it doesn't matter); Metamask Stake ETH as the base asset and receive a first-order derivative - stETH . stETH A few life hacks right away: Learn to check any asset/project through at least 2-3 sources:

My 1st source is pro.similarweb.com: you can quickly check the traffic and when the site became active to avoid obvious scams (you can also add a who-is check here);
The 2d source is coinmarketcap.com: any aggregator will do, the main thing is that it updates promptly;
The 3d source is any search engine without subjective filtering; Always carefully research the economic conditions (DYOR) during your first transactions:

What is the base and derivative asset worth?
What is the provider's fee?
What is the gas price (even in cheap networks, failures are not uncommon)?
Do the APR/APY figures match the stated ones (you can check on the same aggregators)? And always scroll through the news feed: blockchain solutions are rarely hacked, but DNS attacks, simple phishing sites, and other issues happen much more often, as there are always two vulnerable links in decentralized Web3:

centralized intermediary services;
you → the person. Learn to check any asset/project through at least 2-3 sources: My 1st source is pro.similarweb.com: you can quickly check the traffic and when the site became active to avoid obvious scams (you can also add a who-is check here);
The 2d source is coinmarketcap.com: any aggregator will do, the main thing is that it updates promptly;
The 3d source is any search engine without subjective filtering; Learn to check any asset/project through at least 2-3 sources : Learn to check any asset/project through at least 2-3 sources My 1st source is pro.similarweb.com: you can quickly check the traffic and when the site became active to avoid obvious scams (you can also add a who-is check here); The 2d source is coinmarketcap.com: any aggregator will do, the main thing is that it updates promptly; The 3d source is any search engine without subjective filtering; My 1st source is pro.similarweb.com : you can quickly check the traffic and when the site became active to avoid obvious scams (you can also add a who-is check here ); pro.similarweb.com here The 2d source is coinmarketcap.com : any aggregator will do, the main thing is that it updates promptly; coinmarketcap.com The 3d source is any search engine without subjective filtering; Always carefully research the economic conditions (DYOR) during your first transactions: What is the base and derivative asset worth?
What is the provider's fee?
What is the gas price (even in cheap networks, failures are not uncommon)?
Do the APR/APY figures match the stated ones (you can check on the same aggregators)? Always carefully research the economic conditions ( DYOR ) during your first transactions: Always carefully research the economic conditions DYOR What is the base and derivative asset worth? What is the provider's fee? What is the gas price (even in cheap networks, failures are not uncommon)? Do the APR/APY figures match the stated ones (you can check on the same aggregators)? What is the base and derivative asset worth? What is the provider's fee? What is the gas price (even in cheap networks, failures are not uncommon)? Do the APR/APY figures match the stated ones (you can check on the same aggregators)? And always scroll through the news feed: blockchain solutions are rarely hacked, but DNS attacks, simple phishing sites, and other issues happen much more often, as there are always two vulnerable links in decentralized Web3: centralized intermediary services;
you → the person. And always scroll through the news feed : blockchain solutions are rarely hacked, but DNS attacks, simple phishing sites, and other issues happen much more often, as there are always two vulnerable links in decentralized Web3: And always scroll through the news feed centralized intermediary services; you → the person. centralized intermediary services; you → the person. So, you have received the long-awaited stETH, and now your yield on ETH is 3% per year or more. Is that a little? Yes, but it's in ETH, and as we remember, it can rise from $0.03 to $4500 or more. And this is our main hope . But can the yield be increased further? Yes, it can! hope Restaking Restaking " This is a new onchain primitive similar to rehypothecation, allowing either natively staked ETH or Liquid Staking Tokens (LSTs) to be restaked in return for additional yield ". So, let's immediately see how this works in practice. We go to kelpdao.xyz and stake the 1 stETH we obtained earlier: This allowing either natively staked ETH or Liquid Staking Tokens (LSTs) to be restaked in return for additional yield kelpdao.xyz And again: Don't be lazy and study the protocol audit: audits themselves may not help much, but it's worse when they're absent; Look at APY/APR: that's why you came here; And then the operation is the same as before: input the base asset (now stETH) and receive the derivative (rsETH). Don't be lazy and study the protocol audit : audits themselves may not help much, but it's worse when they're absent; Don't be lazy and study the protocol audit Look at APY/APR : that's why you came here; Look at APY/APR And then the operation is the same as before : input the base asset (now stETH) and receive the derivative (rsETH). And then the operation is the same as before You can also try EtherFI , Renzo protocol and others: it depends more on current rates and your imagination. Life hack: never put 1 to 1. In the sense that if you're going up the ladder of complex derivatives, it's better to go like this: 1 ETH => split into 0.8 & 0.2 : leave 0.2 in ETH, and convert 0.8 into stETH; Then divide 0.8 stETH again into 80% and 20% (any slippages, differences in rates, included rewards - keep in parentheses) and so on. EtherFI Renzo protocol Life hack: split into 0.8 & 0.2 Why all this complexity? Because: Why all this complexity? Protocols get hacked; Individual pools get hacked too; Even individual assets. Protocols get hacked; Individual pools get hacked too; Even individual assets. And don't forget to remove unnecessary approvals through scanners or special services like cointool.app . cointool.app So, we've progressed : So, we've progressed From a hypothetical 0% APR on ETH to 3% in stETH; And then, with the specific implementation of restaking in Kelp DAO - up to 4.28% (don't rush to add percentages, as there are many pitfalls here). From a hypothetical 0% APR on ETH to 3% in stETH; And then, with the specific implementation of restaking in Kelp DAO - up to 4.28% (don't rush to add percentages, as there are many pitfalls here). 4.28% What's next? What's next? Remember that diversification is decentralization and try to allocate 80% of 0.8 (0.64) stETH through various protocols, for example: ETHERfi; Renzo; Kelp; Swell. ETHERfi; Renzo; Kelp; Swell. In total, we get 0.64/4 = 0.16 for each service. But you are free to act as you wish and, by accumulating loans in AAVE, invest not a part of the whole, but the whole plus a part. Is this risky? Yes. But DeFi endures everything . DeFi endures everything Can you achieve even higher returns? Yes, but first - some more life hacks: Don't forget about bonuses (via airdrops) from EigenLayer and protocols (like Kelp, calculating points for a reason), which also add to your profitability; You can continue using the assets in DeFi, which also adds extra income (though no one can guarantee it); Finally, don't forget about cross-chain arbitrage: you can always look for a new network and try to bridge (transfer) your assets - currently possible on Scroll, where different restaking derivatives earn so-called marks. Don't forget about bonuses (via airdrops ) from EigenLayer and protocols (like Kelp, calculating points for a reason), which also add to your profitability; Don't forget about bonuses airdrops You can continue using the assets in DeFi , which also adds extra income (though no one can guarantee it); You can continue using the assets in DeFi Finally, don't forget about cross-chain arbitrage : you can always look for a new network and try to bridge (transfer) your assets - currently possible on Scroll, where different restaking derivatives earn so-called marks. Finally, don't forget about cross-chain arbitrage And yet, what about ETH itself: can you do something more to improve profitability? The short answer is yes, but implementing this answer is not as simple as it seems. The magical Pendle The magical Pendle In fact, there are several services like this, including Asymetrix, but for brevity, I'll focus on Pendle specifically: especially since it has proven itself quite well in the past year (although everyone has their mishaps). And again - headfirst into practice: On the main page, select the asset you need (initially set the mode to simple: once you understand it, you can start experimenting with YT & PT), check the APR/APY, if it suits you - proceed to its staking page: Carefully and as capable as you can, read the terms and lock your assets: again, the choice of percentage is up to you, but I would recommend (if I could) starting with at least an 80/20 strategy everywhere. That's it, now you've learned how to hedge your bet on a complex derivative. It sounds strange, but it's true. Want more? Well, don't linger and follow the primary source: pendle.gitbook.io/pendle-academy . The position will look something like this: pendle.gitbook.io/pendle-academy So, from zero, we can pull out approximately 7%-10% annually (in the worst case, 4-7%) in ETH, which is already quite substantial. But that's not all. Take another look at the scheme we've walked through: approximately 7%-10% annually (in the worst case, 4-7%) Conclusion Conclusion Undoubtedly, the presented scheme can be both simplified and made more complex. Moreover, different services (projects) can be used at different stages. However, the main point is that the described scheme is universal in theory on the one hand, and on the other hand, it is implemented in quite specific practice. If this post sparks interest, I will continue. But for today, that's all from me and Ch33r$! Ch33r$!

Restaking Step-by-step

ধাপে ধাপে রিস্ট্যাকিং

Umstecken Schritt für Schritt

Retomando paso a paso

Reprise étape par étape

चरण-दर-चरण रीस्टेकिंग

再ステーキングの手順

단계별 재취업

Refazendo passo a passo

Перестановка шаг за шагом

Adım Adım Yeniden Stake Etme

Đặt lại từng bước

重新抵押步骤

Keywords: Airdrop, Integration strategies, Point program trends, User loyalty Tl,dr: Points programs unify DeFi integration across various dApps, enhancing asset utilization and effectively driving protocol growth while tackling the cold-start problem.


Pendle, Curve, and Morpho emerge as the go-to platforms for initial liquidity scaling


As the institutional DeFi and Trafi/RWA matures, permissionless risk manager curated vault is the future The rise of Eigenlayer, the pioneer of restaking infrastructure, has amassed a peak TVL of $20 billion as a top3 protocol by size, representing a large portion of all staked ETH, with Symbiotic and Karak following suit; the assets built top on it like Etherfi, Renzo and Puffer also experienced exponentially growth in 2024. As blockchains continue to grow and become more scalable, on-chain consumer apps and the wide range of possibilities they entail are now poised to have a greater influence on the broader crypto experience than ever before. In this dynamic environment, DeFi integrations have become a critical solution for bootstrapping liquidity and addressing the cold-start problem. Airdrops and points programs, which have become standard in crypto in 2024, have played a pivotal role in this process. The industry's relentless pursuit of user liquidity and attention through innovation and token incentives has created a highly competitive landscape. Points, which are not a new form of user loyalty, have conquered DeFi in 2024 by introducing an element of unpredictability and excitement to asset restaking. Unlike fixed liquidity mining, points introduce variability in rewards, which keeps users engaged and motivated. According to the Hook Model, proposed by Nir Eyal, the variability of the reward is crucial to the hook model. Novelty activates the dopamine system, which causes us to feel pleasure when we experience something new. The unpredictability of rewards keeps users engaged, similar to how a slot machine operates. kinda assemble the craze of airdrop in DeFi. Players feel extremely motivated to participate since rewards are unpredictable and random. Integration Stack
We explore the ways in which decentralized finance (DeFi) protocols began to tokenize ever-more complex forms of value in a composable manner, enabling an entire sector of decentralized financial services on chain, including lending, borrowing, trading, yield generation, and more. In many respects, DeFi protocols represent some of the first on-chain consumer apps to achieve product-market fit, fundamentally altering the way users interact with blockchains and continuing to serve as a driving force for on-chain activity today. The combination of speculation and utility can be quite powerful. Speculation can serve as an effective tool for early user acquisition. The internet itself thrives on attention, and in a world where competition for attention is growing exponentially, every dApp needs a certain level of attention to remain relevant. These DeFi integration enables the asset’s use cases and facilitate its netflows growth in various sectors. One of the most significant trends in DeFi integration is the rise of Proof of Stake + Restaking. This concept has changed the landscape for on-chain dapps, particularly for lending protocols, which occupy a significant portion of DeFi usage seen above. When creating a lending pair where users could borrow ETH using an LRT/ a LRT DEX LP token as collateral or enabling them farm the points/yields with leverage (and multiplying LRT liquidity). The most important thing for the collateral assets is that users are willing to pay relatively high interest rates to borrow LRT against them, since this will increase lending rates for LRT and grow demand then drive TVL. Source: https://dune.com/Henrystats/lrt-utilization-specific Current Trends in DeFi Integration From Uniswap to Curve
During the recent restaking war, Curve has emerged as a leading platform for DEX liquidity, surpassing Uniswap. Curve's advanced trading mechanics and ecosystem support, including CRV bribes, access to DeFi power users, and co-mkt, have made it a preferred choice for projects seeking liquidity. Unlike Uniswap, Curve's ecosystem offers comprehensive support for early-stage projects, driving its dominance in this niche.


Pendle's Dominance in Yield Trading
Pendle has established itself as a go-to platform for yield trading and a key component of on-chain liquidity. By aligning with the crypto Twitter narrative around liquid staking tokens (LSTs), Bitcoin staking, and real-world assets (RWAs), Pendle has positioned itself at the forefront of yield provision. Its ability to cater to emerging trends has solidified its role in the DeFi landscape, achieving a peak TVL $6.7Billion during the point season.



Risk’s First Vault Popularity
As restaking gains momentum, projects are integrating with additional infrastructures like Karak and Etherfi to enhance yield and user retention. Etherfi’s liquid vaults simplify staking and have attracted significant liquidity, leveraging the expertise of risk management firms like Gauntlet and Chaos Labs to optimize financial strategies. The liquid vaults on etherfi, including Usual’s USDe and Elixir’s deUSD, not only enhance yield across various protocols but also simplify the staking process. By reducing manual effort and lowering entry barriers, these vaults have attracted significant liquidity, with Etherfi leading the charge due to its first-mover advantage, no.1 TVL in restaking sector and efforts on security. There has been increasing popularity to launch a vault managed by risk managers, like Gauntlet, Chaos Labs and MEV capital. For context, risk management companies are economic security institutions, they provide professional cryptoeconomic security service including but not least risk parameter optimization, financial risk monitoring system, token incentive design, and treasury management, etc. for crypto native projects. Because of their proficiency in financial engineering and risk-sensitive approach, they had some success on gaining trust and liquidity when operating a liquid yield strategy, best exampled by Morpho V2 launch and their LRT onboarding strategy. I personally fully recognize their role as risk manager in DeFi and bullish on the strong potential with growing institutional adoption and RWA. Looking Ahead While some may argue that DeFi integrations with points systems are not innovative, their combination has brought more attention, traffic, and TVL to newer assets on-chain. These have become an indispensable part of the new assets on-chain scaling solution. As the industry continues to evolve, we expect to see even more innovative solutions emerging to meet the growing demands of on-chain consumers. The future of DeFi is bright, and with the integration stack, we are poised to witness even greater advancements in decentralized financial services. Keywords: Airdrop, Integration strategies, Point program trends, User loyalty Tl,dr: Tl,dr: Points programs unify DeFi integration across various dApps, enhancing asset utilization and effectively driving protocol growth while tackling the cold-start problem. Pendle, Curve, and Morpho emerge as the go-to platforms for initial liquidity scaling As the institutional DeFi and Trafi/RWA matures, permissionless risk manager curated vault is the future Points programs unify DeFi integration across various dApps, enhancing asset utilization and effectively driving protocol growth while tackling the cold-start problem. Points programs unify DeFi integration across various dApps, enhancing asset utilization and effectively driving protocol growth while tackling the cold-start problem. Pendle, Curve, and Morpho emerge as the go-to platforms for initial liquidity scaling Pendle, Curve, and Morpho emerge as the go-to platforms for initial liquidity scaling As the institutional DeFi and Trafi/RWA matures, permissionless risk manager curated vault is the future As the institutional DeFi and Trafi/RWA matures, permissionless risk manager curated vault is the future The rise of Eigenlayer, the pioneer of restaking infrastructure, has amassed a peak TVL of $20 billion as a top3 protocol by size, representing a large portion of all staked ETH, with Symbiotic and Karak following suit; the assets built top on it like Etherfi, Renzo and Puffer also experienced exponentially growth in 2024. As blockchains continue to grow and become more scalable, on-chain consumer apps and the wide range of possibilities they entail are now poised to have a greater influence on the broader crypto experience than ever before. In this dynamic environment, DeFi integrations have become a critical solution for bootstrapping liquidity and addressing the cold-start problem. Airdrops and points programs, which have become standard in crypto in 2024, have played a pivotal role in this process. The industry's relentless pursuit of user liquidity and attention through innovation and token incentives has created a highly competitive landscape. Points, which are not a new form of user loyalty, have conquered DeFi in 2024 by introducing an element of unpredictability and excitement to asset restaking. Unlike fixed liquidity mining, points introduce variability in rewards, which keeps users engaged and motivated. According to the Hook Model, proposed by Nir Eyal, the variability of the reward is crucial to the hook model. Novelty activates the dopamine system, which causes us to feel pleasure when we experience something new. The unpredictability of rewards keeps users engaged, similar to how a slot machine operates. kinda assemble the craze of airdrop in DeFi. Players feel extremely motivated to participate since rewards are unpredictable and random. Integration Stack We explore the ways in which decentralized finance (DeFi) protocols began to tokenize ever-more complex forms of value in a composable manner, enabling an entire sector of decentralized financial services on chain, including lending, borrowing, trading, yield generation, and more. In many respects, DeFi protocols represent some of the first on-chain consumer apps to achieve product-market fit, fundamentally altering the way users interact with blockchains and continuing to serve as a driving force for on-chain activity today. Integration Stack The combination of speculation and utility can be quite powerful. Speculation can serve as an effective tool for early user acquisition. The internet itself thrives on attention, and in a world where competition for attention is growing exponentially, every dApp needs a certain level of attention to remain relevant. These DeFi integration enables the asset’s use cases and facilitate its netflows growth in various sectors. One of the most significant trends in DeFi integration is the rise of Proof of Stake + Restaking. This concept has changed the landscape for on-chain dapps, particularly for lending protocols, which occupy a significant portion of DeFi usage seen above. When creating a lending pair where users could borrow ETH using an LRT/ a LRT DEX LP token as collateral or enabling them farm the points/yields with leverage (and multiplying LRT liquidity). The most important thing for the collateral assets is that users are willing to pay relatively high interest rates to borrow LRT against them, since this will increase lending rates for LRT and grow demand then drive TVL. Source: https://dune.com/Henrystats/lrt-utilization-specific Source: https://dune.com/Henrystats/lrt-utilization-specific Current Trends in DeFi Integration Current Trends in DeFi Integration From Uniswap to Curve
During the recent restaking war, Curve has emerged as a leading platform for DEX liquidity, surpassing Uniswap. Curve's advanced trading mechanics and ecosystem support, including CRV bribes, access to DeFi power users, and co-mkt, have made it a preferred choice for projects seeking liquidity. Unlike Uniswap, Curve's ecosystem offers comprehensive support for early-stage projects, driving its dominance in this niche. Pendle's Dominance in Yield Trading
Pendle has established itself as a go-to platform for yield trading and a key component of on-chain liquidity. By aligning with the crypto Twitter narrative around liquid staking tokens (LSTs), Bitcoin staking, and real-world assets (RWAs), Pendle has positioned itself at the forefront of yield provision. Its ability to cater to emerging trends has solidified its role in the DeFi landscape, achieving a peak TVL $6.7Billion during the point season. Risk’s First Vault Popularity
As restaking gains momentum, projects are integrating with additional infrastructures like Karak and Etherfi to enhance yield and user retention. Etherfi’s liquid vaults simplify staking and have attracted significant liquidity, leveraging the expertise of risk management firms like Gauntlet and Chaos Labs to optimize financial strategies. From Uniswap to Curve During the recent restaking war, Curve has emerged as a leading platform for DEX liquidity, surpassing Uniswap. Curve's advanced trading mechanics and ecosystem support, including CRV bribes, access to DeFi power users, and co-mkt, have made it a preferred choice for projects seeking liquidity. Unlike Uniswap, Curve's ecosystem offers comprehensive support for early-stage projects, driving its dominance in this niche. From Uniswap to Curve During the recent restaking war, Curve has emerged as a leading platform for DEX liquidity, surpassing Uniswap. Curve's advanced trading mechanics and ecosystem support, including CRV bribes, access to DeFi power users, and co-mkt, have made it a preferred choice for projects seeking liquidity. Unlike Uniswap, Curve's ecosystem offers comprehensive support for early-stage projects, driving its dominance in this niche. Pendle's Dominance in Yield Trading Pendle has established itself as a go-to platform for yield trading and a key component of on-chain liquidity. By aligning with the crypto Twitter narrative around liquid staking tokens (LSTs), Bitcoin staking, and real-world assets (RWAs), Pendle has positioned itself at the forefront of yield provision. Its ability to cater to emerging trends has solidified its role in the DeFi landscape, achieving a peak TVL $6.7Billion during the point season. Pendle's Dominance in Yield Trading Pendle has established itself as a go-to platform for yield trading and a key component of on-chain liquidity. By aligning with the crypto Twitter narrative around liquid staking tokens (LSTs), Bitcoin staking, and real-world assets (RWAs), Pendle has positioned itself at the forefront of yield provision. Its ability to cater to emerging trends has solidified its role in the DeFi landscape, achieving a peak TVL $6.7Billion during the point season. Risk’s First Vault Popularity As restaking gains momentum, projects are integrating with additional infrastructures like Karak and Etherfi to enhance yield and user retention. Etherfi’s liquid vaults simplify staking and have attracted significant liquidity, leveraging the expertise of risk management firms like Gauntlet and Chaos Labs to optimize financial strategies. Risk’s First Vault Popularity As restaking gains momentum, projects are integrating with additional infrastructures like Karak and Etherfi to enhance yield and user retention. Etherfi’s liquid vaults simplify staking and have attracted significant liquidity, leveraging the expertise of risk management firms like Gauntlet and Chaos Labs to optimize financial strategies. The liquid vaults on etherfi, including Usual’s USDe and Elixir’s deUSD, not only enhance yield across various protocols but also simplify the staking process. By reducing manual effort and lowering entry barriers, these vaults have attracted significant liquidity, with Etherfi leading the charge due to its first-mover advantage, no.1 TVL in restaking sector and efforts on security. There has been increasing popularity to launch a vault managed by risk managers, like Gauntlet, Chaos Labs and MEV capital. For context, risk management companies are economic security institutions, they provide professional cryptoeconomic security service including but not least risk parameter optimization, financial risk monitoring system, token incentive design, and treasury management, etc. for crypto native projects. Because of their proficiency in financial engineering and risk-sensitive approach, they had some success on gaining trust and liquidity when operating a liquid yield strategy, best exampled by Morpho V2 launch and their LRT onboarding strategy. I personally fully recognize their role as risk manager in DeFi and bullish on the strong potential with growing institutional adoption and RWA. Looking Ahead Looking Ahead While some may argue that DeFi integrations with points systems are not innovative, their combination has brought more attention, traffic, and TVL to newer assets on-chain. These have become an indispensable part of the new assets on-chain scaling solution. As the industry continues to evolve, we expect to see even more innovative solutions emerging to meet the growing demands of on-chain consumers. The future of DeFi is bright, and with the integration stack, we are poised to witness even greater advancements in decentralized financial services.

Web3.0 Marketing Playbook #3 | How DeFi Integration Empower Protocol Growth

**SINGAPORE, Singapore, September 13th, 2024/Chainwire/--**SynFutures, the leading DeFi derivatives protocol, today announced the second edition of Borderless Summit , the first crypto event series dedicated to bridging East and West and offering global perspectives on some of the most timely topics in Web3. The summit will be held at Sofitel Singapore City Centre on September 17, 2024, during TOKEN2049 Singapore and explore the evolution of the Web3 user experience. With a diverse lineup of speakers from Base, Dragonfly Capital, 1inch, Founders Fund, Framework Ventures, Agora, and more leading Web3 organizations, Borderless Summit will offer a unique platform for diverse cross-border perspectives on trending narratives. The half-day summit will take place during the TOKEN2049 activities and feature panel discussions and a networking happy hour. Speakers include: ​​Sergej Kunz, Co-Founder at 1inch


Haseeb Qureshi, Managing Partner at Dragonfly Capital


Vance Spencer, Co-Founder at Framework Ventures


Nick Matthew, Investor at Standard Crypto


Eugene Ng, Co-Founder at DWF Labs/OpenEden


Eric Brown, Senior Developer Advocate at Base


Simon Baksys, VP of BD at LayerZero Labs


Mr. Block, Core Team at Puffer & Curve.fi


Joey Anthony, Head of Infrastructure, Monad


Jocy, Founding Partner, IOSG Ventures


Mark Lee, Partner and CMO at SynFutures


Ryan Kim, Founding Partner at Hashed


Joey Krug, Partner at Founders Fund


Nick van Eck, Co-Founder and CEO at Agora


Mike Silagadze, CEO at Ether.fi


Maarten Henskens, Head of Growth at Soneium


Shuyao Kong, Co-Founder at MegaETH


Paul Frambot, Co-Founder and CEO at Morpho Labs


Antonio Garcia-Martinez, CEO & Founder, Spindl


Irene Zhao of Asianmom


Chris Carapola, Co-Founder and CEO at Curvance


TN, Founder at Pendle


Jeff Liu, Co-Founder and CEO at Fuzzland Inc


Tigran Bolshoi, Co-founder, Kinetex Network


Jon Jones, Co-Founder & CBO at Supra


Fred Hsu, CEO & Co-Founder, D3


Uwe Cerron, Core Contributor, Convergence "We are thrilled to host Borderless Summit in Singapore during one of the biggest Web3 conferences of the year," said Rachel Lin, co-founder and CEO at SynFutures. “This event represents a unique opportunity to not only explore one of the biggest trends in Web3 but gather some of the most brilliant minds across the world together in one room.” Borderless Summit will be held on Tuesday, September, from 1:30 to 7:30 PM GMT+8. Registration will begin at 1:30 PM. For the full agenda, see the event page. The event is organized by SynFutures. Fuzzland is a Diamond Sponsor. D3, Kinetex Network, and Supra are Gold Sponsors, and zkLink, Zomma Protocol, and Yay! are Silver Sponsors. Media partners include ​Wu Blockchain, CoinPost, BlockBeats, Token Post, Xangle, Traders Guild, PANews, Beincrypto, Foresight News, Cryptonews, Moongate, Talkchain Malaysia, Cointelegram, Coindesk Indonesia, Cointelegraph Japan, The Coin Republic, CryptoWesearch, and Bitcoin Addict. Registration and Additional Information To register for Borderless Summit 2024 and for more details about the event, visit https://lu.ma/borderlesssummit2. About Borderless Summit Borderless Summit is the first crypto event series dedicated to bridging East and West. Designed to help founders and builders better navigate global markets, Borderless Summit offers a unique platform for diverse cross-border perspectives on trending narratives in Web3. For more information, go to https://lu.ma/borderlesssummit2. About SynFutures SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry's first-ever unified AMM and onchain order book model. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities. Contact CMO Mark Lee SynFutures mark.lee@synfutures.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **SINGAPORE, Singapore, September 13th, 2024/Chainwire/--**SynFutures, the leading DeFi derivatives protocol, today announced the second edition of Borderless Summit , the first crypto event series dedicated to bridging East and West and offering global perspectives on some of the most timely topics in Web3. The summit will be held at Sofitel Singapore City Centre on September 17, 2024, during TOKEN2049 Singapore and explore the evolution of the Web3 user experience. With a diverse lineup of speakers from Base, Dragonfly Capital, 1inch, Founders Fund, Framework Ventures, Agora, and more leading Web3 organizations, Borderless Summit will offer a unique platform for diverse cross-border perspectives on trending narratives. The half-day summit will take place during the TOKEN2049 activities and feature panel discussions and a networking happy hour. Speakers include: ​​Sergej Kunz, Co-Founder at 1inch Haseeb Qureshi, Managing Partner at Dragonfly Capital Vance Spencer, Co-Founder at Framework Ventures Nick Matthew, Investor at Standard Crypto Eugene Ng, Co-Founder at DWF Labs/OpenEden Eric Brown, Senior Developer Advocate at Base Simon Baksys, VP of BD at LayerZero Labs Mr. Block, Core Team at Puffer & Curve.fi Joey Anthony, Head of Infrastructure, Monad Jocy, Founding Partner, IOSG Ventures Mark Lee, Partner and CMO at SynFutures Ryan Kim, Founding Partner at Hashed Joey Krug, Partner at Founders Fund Nick van Eck, Co-Founder and CEO at Agora Mike Silagadze, CEO at Ether.fi Maarten Henskens, Head of Growth at Soneium Shuyao Kong, Co-Founder at MegaETH Paul Frambot, Co-Founder and CEO at Morpho Labs Antonio Garcia-Martinez, CEO & Founder, Spindl Irene Zhao of Asianmom Chris Carapola, Co-Founder and CEO at Curvance TN, Founder at Pendle Jeff Liu, Co-Founder and CEO at Fuzzland Inc Tigran Bolshoi, Co-founder, Kinetex Network Jon Jones, Co-Founder & CBO at Supra Fred Hsu, CEO & Co-Founder, D3 Uwe Cerron, Core Contributor, Convergence ​​Sergej Kunz, Co-Founder at 1inch ​​Sergej Kunz, Co-Founder at 1inch Haseeb Qureshi, Managing Partner at Dragonfly Capital Haseeb Qureshi, Managing Partner at Dragonfly Capital Vance Spencer, Co-Founder at Framework Ventures Vance Spencer, Co-Founder at Framework Ventures Nick Matthew, Investor at Standard Crypto Nick Matthew, Investor at Standard Crypto Eugene Ng, Co-Founder at DWF Labs/OpenEden Eugene Ng, Co-Founder at DWF Labs/OpenEden Eric Brown, Senior Developer Advocate at Base Eric Brown, Senior Developer Advocate at Base Simon Baksys, VP of BD at LayerZero Labs Simon Baksys, VP of BD at LayerZero Labs Mr. Block, Core Team at Puffer & Curve.fi Mr. Block, Core Team at Puffer & Curve.fi Joey Anthony, Head of Infrastructure, Monad Joey Anthony, Head of Infrastructure, Monad Jocy, Founding Partner, IOSG Ventures Jocy, Founding Partner, IOSG Ventures Mark Lee, Partner and CMO at SynFutures Mark Lee, Partner and CMO at SynFutures Ryan Kim, Founding Partner at Hashed Ryan Kim, Founding Partner at Hashed Joey Krug, Partner at Founders Fund Joey Krug, Partner at Founders Fund Nick van Eck, Co-Founder and CEO at Agora Nick van Eck, Co-Founder and CEO at Agora Mike Silagadze, CEO at Ether.fi Mike Silagadze, CEO at Ether.fi Maarten Henskens, Head of Growth at Soneium Maarten Henskens, Head of Growth at Soneium Shuyao Kong, Co-Founder at MegaETH Shuyao Kong, Co-Founder at MegaETH Paul Frambot, Co-Founder and CEO at Morpho Labs Paul Frambot, Co-Founder and CEO at Morpho Labs Antonio Garcia-Martinez, CEO & Founder, Spindl Antonio Garcia-Martinez, CEO & Founder, Spindl Irene Zhao of Asianmom Irene Zhao of Asianmom Chris Carapola, Co-Founder and CEO at Curvance Chris Carapola, Co-Founder and CEO at Curvance TN, Founder at Pendle TN, Founder at Pendle Jeff Liu, Co-Founder and CEO at Fuzzland Inc Jeff Liu, Co-Founder and CEO at Fuzzland Inc Tigran Bolshoi, Co-founder, Kinetex Network Tigran Bolshoi, Co-founder, Kinetex Network Jon Jones, Co-Founder & CBO at Supra Jon Jones, Co-Founder & CBO at Supra Fred Hsu, CEO & Co-Founder, D3 Fred Hsu, CEO & Co-Founder, D3 Uwe Cerron, Core Contributor, Convergence Uwe Cerron, Core Contributor, Convergence "We are thrilled to host Borderless Summit in Singapore during one of the biggest Web3 conferences of the year," said Rachel Lin, co-founder and CEO at SynFutures. “This event represents a unique opportunity to not only explore one of the biggest trends in Web3 but gather some of the most brilliant minds across the world together in one room.” "We are thrilled to host Borderless Summit in Singapore during one of the biggest Web3 conferences of the year," said Rachel Lin, co-founder and CEO at SynFutures. “This event represents a unique opportunity to not only explore one of the biggest trends in Web3 but gather some of the most brilliant minds across the world together in one room.” Borderless Summit will be held on Tuesday, September, from 1:30 to 7:30 PM GMT+8. Registration will begin at 1:30 PM. For the full agenda, see the event page . event page event page The event is organized by SynFutures. Fuzzland is a Diamond Sponsor. D3, Kinetex Network, and Supra are Gold Sponsors, and zkLink, Zomma Protocol, and Yay! are Silver Sponsors. Media partners include ​Wu Blockchain, CoinPost, BlockBeats, Token Post, Xangle, Traders Guild, PANews, Beincrypto, Foresight News, Cryptonews, Moongate, Talkchain Malaysia, Cointelegram, Coindesk Indonesia, Cointelegraph Japan, The Coin Republic, CryptoWesearch, and Bitcoin Addict. Registration and Additional Information To register for Borderless Summit 2024 and for more details about the event, visit https://lu.ma/borderlesssummit2 . https://lu.ma/borderlesssummit2 https://lu.ma/borderlesssummit2 About Borderless Summit Borderless Summit is the first crypto event series dedicated to bridging East and West. Designed to help founders and builders better navigate global markets, Borderless Summit offers a unique platform for diverse cross-border perspectives on trending narratives in Web3. For more information, go to https://lu.ma/borderlesssummit2 . https://lu.ma/borderlesssummit2 https://lu.ma/borderlesssummit2 About SynFutures SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry's first-ever unified AMM and onchain order book model. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities. Contact CMO Mark Lee SynFutures mark.lee@synfutures.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Borderless Summit To Explore The Era Of Consumer-First Web3 During TOKEN2049 Singapore

قمة بلا حدود لاستكشاف عصر Web3 الذي يركز على المستهلك خلال TOKEN2049 سنغافورة

Borderless Summit za istraživanje ere Consumer-First Web3 tokom TOKEN2049 Singapur

La cumbre sin fronteras explorará la era de la Web3 centrada en el consumidor durante TOKEN2049 Singapur

Mugarik gabeko gailurra Kontsumitzaileen lehen web 3aren garaia aztertzeko TOKEN2049 Singapurren zehar

Անսահման գագաթնաժողով՝ ուսումնասիրելու սպառողների առաջին վեբի դարաշրջանը TOKEN2049 Սինգապուրի ժամանակ

ボーダーレスサミット、TOKEN2049シンガポールで消費者第一のWeb3時代を探る

Vovonana tsy misy sisintany hijerena ny vanim-potoanan'ny mpanjifa-voalohany Web3 mandritra ny TOKEN2049 Singapore

TOKEN2049 Сингапурын үеэр хэрэглэгчийн анхны вэб3-ын эрин үеийг судлах хил хязгааргүй дээд хэмжээний уулзалт

Cumbre Sin Fronteras Explorar La Era De Consumidor-Primero Web3 TOKEN2049 Singapur Kachkaptin

සිංගප්පූරුවේ TOKEN2049 අතරතුර පාරිභෝගික-පළමු Web3 යුගය ගවේෂණය කිරීමට දේශසීමා රහිත සමුළුව

Саміт без кордонів, щоб дослідити еру Consumer-First Web3 під час TOKEN2049 Сінгапур

TOKEN2049 سنگاپور کے دوران کنزیومر فرسٹ ویب 3 کے دور کو دریافت کرنے کے لیے بارڈر لیس سمٹ

SINGAPORE, Singapore, August 21st, 2024/Chainwire/--Following the launch of FBTC, an omnichain Bitcoin asset maintaining a 1:1 peg to BTC, Ignition today announced that FBTC has crossed $100M in Total Value Locked (TVL) according to Dune. Also announced is the “Sparkle” campaign, where early FBTC holders will receive points-inspired “Sparks” for future rewards. FBTC is supported by core contributors Mantle, a burgeoning DAO-led blockchain ecosystem built around Ethereum layer 2 (L2) Mantle Network and Ether liquid staking protocol mETH Protocol, and Antalpha Prime, a reliable digital asset technology platform for institutions. As tokenized bitcoin assets pave the way for Bitcoin’s resurgence in DeFi, FBTC’s significant milestone ushers in a new era of Bitcoin’s evolving utility and velocity — transforming the original cryptocurrency from a simple store of value into a dynamic asset that offers the potential for various yield-generating possibilities. Incubated by Ignition, FBTC is an omnichain BTC asset that is liquid and easily composable in various yield enhancement strategies. FBTC aims to liberate the growth potential of Bitcoin by becoming the standard for Bitcoin transactions, essentially rendering all other blockchains into a Bitcoin L2. FBTC is currently deployed on Ethereum, Mantle Network and BNB Smart Chain, with more supported blockchains to come. “The remarkable achievement of $100M in TVL for FBTC in such a short time is not just a significant milestone for this nascent BTC asset, but a testament to the evolving landscape of Bitcoin utility. FBTC’s rapid adoption, supported by Ignition’s diverse ecosystem of partners, signals a new chapter in decentralized finance (DeFi) where Bitcoin's potential is being fully realized across multiple blockchains. As Ignition continues to innovate and expand FBTC's capabilities, we're not just creating opportunities for yield — we're reimagining how Bitcoin interacts with the broader DeFi ecosystem,” said Igneus Terrenus, Paramount Pyromancer at Ignition. FBTC’s rapid adoption is supported by dozens launch partners, including heavyweights such as Avalon Labs, Bybit Web3, Cobo, Ethena Labs, OKX Wallet, Pendle and Solv Protocol, reflecting FBTC's credibility and the industry’s evolving interest in innovative Bitcoin solutions. With FBTC, Ignition aims to create a seamless, multi-chain environment for users to efficiently explore DeFi yields. The ability to swap and bridge FBTC between Ethereum, Mantle Network and BNB Chain further enhances its utility, making it accessible for a majority of blockchain users. Today, holders of FBTC are able to leverage their idle Bitcoin holdings across several yield-generating opportunities on Ethereum, Mantle Network and BNB Chain, enabling a wider range of use cases on various L1s and L2s that will be unveiled soon. Ignition also unveiled its plans for an upcoming “Sparkle” campaign. Participants will receive points-inspired “Sparks” for their engagement with and contributions to the FBTC ecosystem. Running from Aug. 21 to Sept. 21, eligible protocols for the Sparkle campaign include PumpBTC, Bedrock, Mezo Network, Avalon Labs, Fuel Network, Pell Network and Solv Protocol. Throughout the Sparkle campaign, Ignition will continue to integrate new protocols, launch side campaigns, and offer external incentives to enhance the user experience and reward system. Find out more at https://fbtc.com/ongoing-campaign. Looking ahead, Ignition is collaborating with Babylon, the self-custodial Bitcoin Staking Protocol that aims to build a Bitcoin-secured decentralized world, to launch a BTC vault that gives users exposure to Babylon native staking. This undertaking, along with other exciting events and collaborations, underscores Ignition’s unwavering commitment to building a vibrant, community-driven ecosystem around FBTC. The rapid adoption and strong security of FBTC signals a promising future for Bitcoin’s evolving role in the DeFi landscape, propelling it to fully unlock its immense potential within the broader decentralized finance ecosystem. About Ignition FBTC Incubated by Ignition, FBTC is a secure, decentralized, and composable BTC asset aimed at liberating Bitcoin's true power of growth. FBTC provides a liquid Bitcoin asset that adheres to a 1:1 peg with BTC to redefine its role across all blockchain platforms. By fostering DeFi composability, cross-chain interoperability, and promoting widespread adoption of BTC applications, FBTC represents the beacon of a high-speed, low-friction and interoperable future for all blockchains and every tokenized economy to flourish. FBTC is powered by core contributors Antalpha Prime and Mantle. For more information, users can visit Website | X/Twitter | Discord | Telegram Contact FBTC windrangerlabs@wachsman.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. SINGAPORE, Singapore, August 21st, 2024/Chainwire/--Following the launch of FBTC, an omnichain Bitcoin asset maintaining a 1:1 peg to BTC, Ignition today announced that FBTC has crossed $100M in Total Value Locked (TVL) according to Dune. Also announced is the “Sparkle” campaign, where early FBTC holders will receive points-inspired “Sparks” for future rewards. FBTC is supported by core contributors Mantle , a burgeoning DAO-led blockchain ecosystem built around Ethereum layer 2 (L2) Mantle Network and Ether liquid staking protocol mETH Protocol, and Antalpha Prime , a reliable digital asset technology platform for institutions. Mantle Mantle Antalpha Prime Antalpha Prime As tokenized bitcoin assets pave the way for Bitcoin’s resurgence in DeFi, FBTC’s significant milestone ushers in a new era of Bitcoin’s evolving utility and velocity — transforming the original cryptocurrency from a simple store of value into a dynamic asset that offers the potential for various yield-generating possibilities. Incubated by Ignition, FBTC is an omnichain BTC asset that is liquid and easily composable in various yield enhancement strategies. FBTC aims to liberate the growth potential of Bitcoin by becoming the standard for Bitcoin transactions, essentially rendering all other blockchains into a Bitcoin L2. FBTC is currently deployed on Ethereum, Mantle Network and BNB Smart Chain, with more supported blockchains to come. “The remarkable achievement of $100M in TVL for FBTC in such a short time is not just a significant milestone for this nascent BTC asset, but a testament to the evolving landscape of Bitcoin utility. FBTC’s rapid adoption, supported by Ignition’s diverse ecosystem of partners, signals a new chapter in decentralized finance (DeFi) where Bitcoin's potential is being fully realized across multiple blockchains. As Ignition continues to innovate and expand FBTC's capabilities, we're not just creating opportunities for yield — we're reimagining how Bitcoin interacts with the broader DeFi ecosystem,” said Igneus Terrenus, Paramount Pyromancer at Ignition. “The remarkable achievement of $100M in TVL for FBTC in such a short time is not just a significant milestone for this nascent BTC asset, but a testament to the evolving landscape of Bitcoin utility. FBTC’s rapid adoption, supported by Ignition’s diverse ecosystem of partners, signals a new chapter in decentralized finance (DeFi) where Bitcoin's potential is being fully realized across multiple blockchains. As Ignition continues to innovate and expand FBTC's capabilities, we're not just creating opportunities for yield — we're reimagining how Bitcoin interacts with the broader DeFi ecosystem,” said Igneus Terrenus, Paramount Pyromancer at Ignition. FBTC’s rapid adoption is supported by dozens launch partners, including heavyweights such as Avalon Labs, Bybit Web3, Cobo, Ethena Labs, OKX Wallet, Pendle and Solv Protocol, reflecting FBTC's credibility and the industry’s evolving interest in innovative Bitcoin solutions. With FBTC, Ignition aims to create a seamless, multi-chain environment for users to efficiently explore DeFi yields. The ability to swap and bridge FBTC between Ethereum, Mantle Network and BNB Chain further enhances its utility, making it accessible for a majority of blockchain users. Today, holders of FBTC are able to leverage their idle Bitcoin holdings across several yield-generating opportunities on Ethereum, Mantle Network and BNB Chain, enabling a wider range of use cases on various L1s and L2s that will be unveiled soon. Ignition also unveiled its plans for an upcoming “Sparkle” campaign. Participants will receive points-inspired “Sparks” for their engagement with and contributions to the FBTC ecosystem. Running from Aug. 21 to Sept. 21, eligible protocols for the Sparkle campaign include PumpBTC, Bedrock, Mezo Network, Avalon Labs, Fuel Network, Pell Network and Solv Protocol. Throughout the Sparkle campaign, Ignition will continue to integrate new protocols, launch side campaigns, and offer external incentives to enhance the user experience and reward system. Find out more at https://fbtc.com/ongoing-campaign . https://fbtc.com/ongoing-campaign https://fbtc.com/ongoing-campaign Looking ahead, Ignition is collaborating with Babylon , the self-custodial Bitcoin Staking Protocol that aims to build a Bitcoin-secured decentralized world, to launch a BTC vault that gives users exposure to Babylon native staking. This undertaking, along with other exciting events and collaborations, underscores Ignition’s unwavering commitment to building a vibrant, community-driven ecosystem around FBTC. Babylon Babylon The rapid adoption and strong security of FBTC signals a promising future for Bitcoin’s evolving role in the DeFi landscape, propelling it to fully unlock its immense potential within the broader decentralized finance ecosystem. About Ignition FBTC Incubated by Ignition, FBTC is a secure, decentralized, and composable BTC asset aimed at liberating Bitcoin's true power of growth. FBTC provides a liquid Bitcoin asset that adheres to a 1:1 peg with BTC to redefine its role across all blockchain platforms. By fostering DeFi composability, cross-chain interoperability, and promoting widespread adoption of BTC applications, FBTC represents the beacon of a high-speed, low-friction and interoperable future for all blockchains and every tokenized economy to flourish. FBTC is powered by core contributors Antalpha Prime and Mantle. For more information, users can visit Website | X/Twitter | Discord | Telegram Website Website X/Twitter X/Twitter Discord Discord Telegram Telegram Contact FBTC windrangerlabs@wachsman.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Omnichain BTC Asset FBTC Crosses $100M In TVL, Ignition Unveils “Sparkle” Campaign"

Omnichain BTC সম্পদ FBTC TVL-এ $100M অতিক্রম করেছে, ইগনিশন "স্পর্কল" প্রচারণা উন্মোচন করেছে"

Omnichain BTC Asset FBTC überschreitet 100 Mio. $ in TVL, Ignition stellt „Sparkle“-Kampagne vor

El activo BTC de Omnichain FBTC supera los $100 millones en TVL, Ignition presenta la campaña "Sparkle"

L'actif BTC omnicanal FBTC dépasse les 100 millions de dollars en TVL, Ignition dévoile la campagne « Sparkle »

ओमनीचैन बीटीसी एसेट एफबीटीसी ने टीवीएल में $100 मिलियन को पार कर लिया, इग्निशन ने "स्पार्कल" अभियान का अनावरण किया

Omnichain BTC 資産 FBTC の TVL が 1 億ドルを超え、Ignition が「Sparkle」キャンペーンを発表

Omnichain BTC 자산 FBTC TVL 1억 달러 돌파, Ignition "Sparkle" 캠페인 공개"

Ativo BTC da Omnichain FBTC ultrapassa US$ 100 milhões em TVL, Ignition revela campanha “Sparkle”

Актив BTC Omnichain FBTC превысил $100 млн в TVL, Ignition представляет кампанию «Sparkle»

Omnichain BTC Varlığı FBTC TVL'de 100 Milyon Doları Geçti, Ignition "Sparkle" Kampanyasını Açıkladı

Tài sản BTC Omnichain FBTC vượt qua 100 triệu đô la trong TVL, Ignition công bố chiến dịch "Sparkle"

Omnichain BTC 资产 FBTC TVL 突破 1 亿美元，Ignition 推出“Sparkle”活动”

Kelp DAO, a liquid restaking platform, has announced the launch of its 'Kelp Gain Vaults' program. This initiative aims to enhance the earning potential for restakers and users by providing streamlined access to multiple Layer 2 (L2) airdrops through a single, diversified strategy. The Kelp Gain Vaults program introduces a novel approach to managing crypto assets and maximizing rewards. At its core, the program utilizes smart contracts to automate asset deployment across various opportunities. Users deposit their assets into a vault and receive a synthetic token in return, which represents their share of the pooled assets. Key features of the Kelp Gain Vaults include: • Simplified participation in multiple L2 airdrop opportunities • Automated management of asset allocations • Integration with mainnet DeFi yields • Periodic strategy adjustments by vault managers The initial offering in the Kelp Gain Vaults program is the Airdrop Gain Vault. This specialized vault focuses on simplifying participation in airdrop opportunities across various L2 protocols. Users can deposit assets like ETH or rsETH, which are then bridged to partner L2s to enhance airdrop potential. Benefits of the Airdrop Gain Vault: • Access to multiple L2 airdrops through a single deposit • Integration with mainnet DeFi yields for additional earning opportunities • Issuance of agETH, a synthetic token that can be used in other DeFi protocols • Potential for enhanced yields through deployment on platforms like Pendle The launch of the Kelp Gain Vaults program involves collaboration with several key partners: • August: Providing institutional-grade smart contract infrastructure • Tulipa Capital: Acting as the lead strategy partner for the Airdrop Gain Vault • L2 and DeFi partners: Including Linea, Karak, Scroll, Pendle, Across, LZ, Spectra, Lyra, and various decentralized exchanges (DEXs) These partnerships aim to ensure a robust and diverse ecosystem for the Kelp Gain Vaults, offering users access to a wide range of opportunities across the DeFi landscape. The introduction of the Kelp Gain Vaults program represents a significant step towards automated reward management and investment strategies in the DeFi space. By simplifying access to complex strategies and leveraging the composability of DeFi, this initiative has the potential to: • Increase accessibility to advanced DeFi strategies for a broader user base • Optimize reward potential across multiple protocols and layers • Encourage further innovation in automated asset management within the DeFi sector Final Thoughts The launch of Kelp DAO's Gain Vaults program, particularly the Airdrop Gain Vault, marks an important development in the evolution of DeFi strategies. By offering simplified access to diverse L2 airdrops and integrating with mainnet DeFi yields, this initiative aims to enhance user experience and maximize reward potential. As the DeFi landscape continues to evolve, such innovations may play a crucial role in shaping the future of decentralized finance and asset management. Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Kelp DAO , a liquid restaking platform, has announced the launch of its ' Kelp Gain Vaults ' program. This initiative aims to enhance the earning potential for restakers and users by providing streamlined access to multiple Layer 2 (L2) airdrops through a single, diversified strategy. The Kelp Gain Vaults program introduces a novel approach to managing crypto assets and maximizing rewards. At its core, the program utilizes smart contracts to automate asset deployment across various opportunities. Users deposit their assets into a vault and receive a synthetic token in return, which represents their share of the pooled assets. Kelp DAO Kelp Gain Vaults Key features of the Kelp Gain Vaults include: • Simplified participation in multiple L2 airdrop opportunities • Automated management of asset allocations • Integration with mainnet DeFi yields • Periodic strategy adjustments by vault managers The initial offering in the Kelp Gain Vaults program is the Airdrop Gain Vault. This specialized vault focuses on simplifying participation in airdrop opportunities across various L2 protocols. Users can deposit assets like ETH or rsETH, which are then bridged to partner L2s to enhance airdrop potential. Benefits of the Airdrop Gain Vault: Benefits of the Airdrop Gain Vault: • Access to multiple L2 airdrops through a single deposit • Integration with mainnet DeFi yields for additional earning opportunities • Issuance of agETH, a synthetic token that can be used in other DeFi protocols • Potential for enhanced yields through deployment on platforms like Pendle The launch of the Kelp Gain Vaults program involves collaboration with several key partners: • August: Providing institutional-grade smart contract infrastructure • Tulipa Capital: Acting as the lead strategy partner for the Airdrop Gain Vault • L2 and DeFi partners: Including Linea, Karak, Scroll, Pendle, Across, LZ, Spectra, Lyra, and various decentralized exchanges (DEXs) These partnerships aim to ensure a robust and diverse ecosystem for the Kelp Gain Vaults, offering users access to a wide range of opportunities across the DeFi landscape. The introduction of the Kelp Gain Vaults program represents a significant step towards automated reward management and investment strategies in the DeFi space. By simplifying access to complex strategies and leveraging the composability of DeFi, this initiative has the potential to: • Increase accessibility to advanced DeFi strategies for a broader user base • Optimize reward potential across multiple protocols and layers • Encourage further innovation in automated asset management within the DeFi sector Final Thoughts The launch of Kelp DAO's Gain Vaults program, particularly the Airdrop Gain Vault, marks an important development in the evolution of DeFi strategies. By offering simplified access to diverse L2 airdrops and integrating with mainnet DeFi yields, this initiative aims to enhance user experience and maximize reward potential. As the DeFi landscape continues to evolve, such innovations may play a crucial role in shaping the future of decentralized finance and asset management. Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: business blogging program business blogging program

Kelp DAO Introduces 'Gain Vault' Program with Integrated L2 Access

Kelp DAO ইন্টিগ্রেটেড L2 অ্যাক্সেস সহ 'গেইন ভল্ট' প্রোগ্রাম চালু করেছে

Kelp DAO führt „Gain Vault“-Programm mit integriertem L2-Zugriff ein

Kelp DAO presenta el programa 'Gain Vault' con acceso L2 integrado

Kelp DAO présente le programme « Gain Vault » avec accès L2 intégré

केल्प डीएओ ने एकीकृत एल2 एक्सेस के साथ 'गेन वॉल्ट' कार्यक्रम पेश किया

Kelp DAO、統合L2アクセスを備えた「Gain Vault」プログラムを導入

Kelp DAO, 통합 L2 액세스 기능을 갖춘 'Gain Vault' 프로그램 출시

Kelp DAO apresenta o programa 'Gain Vault' com acesso L2 integrado

Kelp DAO представляет программу «Gain Vault» с интегрированным доступом L2

Kelp DAO, Entegre L2 Erişimi ile 'Gain Vault' Programını Tanıttı

Kelp DAO giới thiệu chương trình 'Gain Vault' với quyền truy cập L2 tích hợp

Kelp DAO 推出集成 L2 访问权限的“Gain Vault”计划

Building Advanced Video Search: Frame Search Versus Multi-Modal Embeddings

উন্নত ভিডিও অনুসন্ধান তৈরি করা: ফ্রেম অনুসন্ধান বনাম মাল্টি-মোডাল এম্বেডিং

Erstellen einer erweiterten Videosuche: Frame-Suche im Vergleich zu multimodalen Einbettungen

Creación de búsqueda de vídeo avanzada: búsqueda de fotogramas frente a incrustaciones multimodales

Création d'une recherche vidéo avancée : recherche de trames et intégrations multimodales

उन्नत वीडियो खोज का निर्माण: फ़्रेम खोज बनाम मल्टी-मोडल एम्बेडिंग

高度なビデオ検索の構築: フレーム検索とマルチモーダル埋め込み

고급 비디오 검색 구축: 프레임 검색과 다중 모드 임베딩 비교

Construindo pesquisa avançada de vídeo: pesquisa de quadros versus incorporações multimodais

Создание расширенного поиска видео: поиск кадров в сравнении с мультимодальными встраиваниями

Gelişmiş Video Arama Oluşturma: Çerçeve Aramaya Karşı Çok Modlu Yerleştirmeler

Xây dựng Tìm kiếm video nâng cao: Tìm kiếm khung so với nhúng đa phương thức

构建高级视频搜索：帧搜索与多模态嵌入

Survey and Analysis of Smart Contract Quality Assurance: Conclusions, Acknowledgement and References

**GEORGE TOWN, Grand Cayman, June 11th, 2024/Chainwire/--**Binance Labs, the venture capital and incubation arm of Binance, has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security. Zircuit is a new Layer 2 (L2) network that introduces a novel approach to on-chain security. The network safeguards users with sequencer-level security and built-in, automated AI mechanisms that guard against smart contract exploits and malicious actors. The network’s hybrid architecture, which combines battle-tested rollup infrastructure with zero-knowledge proofs, results in a fast, low-cost, and fully EVM-compatible ZK rollup to provide unparalleled security for users without sacrificing speed or compatibility. More specifically, Zircuit’s performance comes from decomposing circuits into specialized parts and aggregating proofs, which achieves greater efficiency and lower operating costs. Yi He, Co-Founder of Binance and Head of Binance Labs said: "At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further.” As Zircuit prepares to debut its mainnet this summer, its ecosystem is already demonstrating impressive growth. The network presently hosts over $3.5 billion in staked assets and its “Build to Earn” program has drawn more than 1,100 applications. Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others are among its launch partners. “Zircuit was born out of cutting-edge scaling and security research. We’re innovating on top of a deep technical foundation, and making Ethereum safer for the next billion users. We’re thrilled to have Binance Labs join us in this journey”, said Dr. Martin Derka, Co-Founder of Zircuit. About Zircuit Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallelized circuits. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds of performance and security. To learn more visit zircuit.com or follow us on Twitter/X @ZircuitL2 About Binance Labs As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X. Contact Jessica Graber Zircuit jessica@zircuit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **GEORGE TOWN, Grand Cayman, June 11th, 2024/Chainwire/--**Binance Labs, the venture capital and incubation arm of Binance, has invested in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security. Zircuit is a new Layer 2 (L2) network that introduces a novel approach to on-chain security. The network safeguards users with sequencer-level security and built-in, automated AI mechanisms that guard against smart contract exploits and malicious actors. The network’s hybrid architecture, which combines battle-tested rollup infrastructure with zero-knowledge proofs, results in a fast, low-cost, and fully EVM-compatible ZK rollup to provide unparalleled security for users without sacrificing speed or compatibility. More specifically, Zircuit’s performance comes from decomposing circuits into specialized parts and aggregating proofs, which achieves greater efficiency and lower operating costs. Yi He, Co-Founder of Binance and Head of Binance Labs said: "At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further.” Yi He, Co-Founder of Binance and Head of Binance Labs said: "At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further.” As Zircuit prepares to debut its mainnet this summer, its ecosystem is already demonstrating impressive growth. The network presently hosts over $3.5 billion in staked assets and its “Build to Earn” program has drawn more than 1,100 applications. Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others are among its launch partners. “Zircuit was born out of cutting-edge scaling and security research. We’re innovating on top of a deep technical foundation, and making Ethereum safer for the next billion users. We’re thrilled to have Binance Labs join us in this journey”, said Dr. Martin Derka, Co-Founder of Zircuit. “Zircuit was born out of cutting-edge scaling and security research. We’re innovating on top of a deep technical foundation, and making Ethereum safer for the next billion users. We’re thrilled to have Binance Labs join us in this journey”, said Dr. Martin Derka, Co-Founder of Zircuit. About Zircuit Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallelized circuits. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds of performance and security. To learn more visit zircuit.com or follow us on Twitter/X @ZircuitL2 zircuit.com zircuit.com @ZircuitL2 @ZircuitL2 About Binance Labs As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $10 billion. Its portfolio covers 250 projects from over 25 countries across six continents and has a return on investment rate of over 14X. Fifty of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X . X X Contact Jessica Graber Zircuit jessica@zircuit.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Binance Labs Invests In Zircuit To Advance L2 With AI-Enabled Sequencer Level Security

Maximizing Potential In BNB Staking

বিএনবি স্টেকিং-এ সর্বোচ্চ সম্ভাবনা

Maximierung des Potenzials beim BNB-Staking

Maximizar el potencial en las apuestas de BNB

Maximiser le potentiel du jalonnement BNB

बीएनबी स्टेकिंग में क्षमता को अधिकतम करना

BNBステーキングの可能性を最大限に引き出す

BNB 스테이킹의 잠재력 극대화

Maximizando o potencial no staking de BNB

Максимизация потенциала в ставках BNB

BNB Staking'de Potansiyeli En Üst Düzeye Çıkarma

Tối đa hóa tiềm năng trong việc đặt cược BNB

最大限度地发挥 BNB 质押的潜力

LISBON, Portugal, May 21, 2024—Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding depositors who provide ETH, USDC, or USDT with both high interest rates and Sparks—points that make liquidity providers eligible for the upcoming Marginly airdrop. Marginly is raising liquidity in this three-week event for pools that enable leveraged yield farming on Pendle, the sizzling DeFi protocol that supports tokenization and trading of future yield. With liquidity in Marginly pools, leveraged yield farmers may post margin and then borrow from these pools to gain their desired leverage and respective APY boost for Pendle Principal Tokens. “We’re pumped to announce this Liquidity Bootstrap Event and believe that these trades can go viral given the high yields,” said Taylor Click, Marginly's Chief Liquidity Officer. “Bootstrapping liquidity for such trades is critical, which is why we’re heavily rewarding early adopters with a massive share of our future airdrop.” Why provide liquidity to Marginly? Many DeFi protocols can benefit from liquidity, so why should liquidity providers (LPs) bootstrap Marginly’s liquidity before June 5? The short answer is—high interest rates, special incentives during this Liquidity Bootstrap Event, and protocol safety. Earn high interest Everyone loves passive income, which Marginly generates for liquidity providers. The protocol pays up to 45% in interest for ETH, USDC, and USDT—in the same currency that LPs provide for liquidity. Earn Sparks Akin to points in a video game arcade, Sparks make liquidity providers eligible to participate in the future Marginly token airdrop. Marginly is doubling the Sparks awarded to liquidity providers during the Liquidity Bootstrap Event. Get the Marginly airdrop Earning Sparks during the Liquidity Bootstrap Event is what makes liquidity providers eligible to receive part of the Marginly airdrop. Marginly is distributing airdrop tokens to all participants in the Liquidity Bootstrap Event. Refer friends and get even more Sparks Marginly supports a two-tier referral system that enables liquidity providers to add to their Sparks tallies. Get the equivalent of 10% of the Sparks earned by your referrals, and 5% of the Sparks earned by the referrals of your referrals. Invite all your friends to earn so many additional Sparks! Marginly’s technology is already tried and tested, previously for margin trading on Arbitrum since December 2023. The tech was initially designed for leveraged trading of various long-tail assets; that’s why it expertly serves niche leveraged yield farming use cases. What else makes the Marginly platform safe for liquidity providers— No impermanent loss because LPs provide only single-sided liquidity
Liquidity pools are isolated to minimize LPs’ exposure to risk
Platform is 100% decentralized—non-custodial and with no reliance on off-chain oracles
Smart contracts are double audited by the cybersecurity OG Quantstamp About Marginly Marginly is a leverage-as-a-service protocol that creates isolated side pools to existing automated market maker pools, enabling lenders to deposit their ETH and stablecoins to earn attractive yields. Leveraged yield farmers on Marginly post margin and then borrow from Marginly pools to gain their desired leverage. Partnered with Pendle for leveraged farming of Pendle’s Principal Tokens, and with EtherFi to bring eETH to Pendle, Marginly is the protocol for one-click leverage on yield-bearing assets. Get in line for the Marginly airdrop by providing liquidity to a Marginly pool before the Liquidity Bootstrap Event ends on June 5. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. LISBON, Portugal, May 21, 2024—Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding depositors who provide ETH, USDC, or USDT with both high interest rates and Sparks—points that make liquidity providers eligible for the upcoming Marginly airdrop. Marginly is raising liquidity in this three-week event for pools that enable leveraged yield farming on Pendle, the sizzling DeFi protocol that supports tokenization and trading of future yield. With liquidity in Marginly pools, leveraged yield farmers may post margin and then borrow from these pools to gain their desired leverage and respective APY boost for Pendle Principal Tokens. “We’re pumped to announce this Liquidity Bootstrap Event and believe that these trades can go viral given the high yields,” said Taylor Click, Marginly's Chief Liquidity Officer. “Bootstrapping liquidity for such trades is critical, which is why we’re heavily rewarding early adopters with a massive share of our future airdrop.” “We’re pumped to announce this Liquidity Bootstrap Event and believe that these trades can go viral given the high yields,” said Taylor Click, Marginly's Chief Liquidity Officer. “Bootstrapping liquidity for such trades is critical, which is why we’re heavily rewarding early adopters with a massive share of our future airdrop.” Why provide liquidity to Marginly? Why provide liquidity to Marginly? Many DeFi protocols can benefit from liquidity, so why should liquidity providers (LPs) bootstrap Marginly’s liquidity before June 5? The short answer is—high interest rates, special incentives during this Liquidity Bootstrap Event, and protocol safety. Earn high interest Earn high interest Everyone loves passive income, which Marginly generates for liquidity providers. The protocol pays up to 45% in interest for ETH, USDC, and USDT—in the same currency that LPs provide for liquidity. Earn Sparks Earn Sparks Akin to points in a video game arcade, Sparks make liquidity providers eligible to participate in the future Marginly token airdrop. Marginly is doubling the Sparks awarded to liquidity providers during the Liquidity Bootstrap Event. Get the Marginly airdrop Get the Marginly airdrop Earning Sparks during the Liquidity Bootstrap Event is what makes liquidity providers eligible to receive part of the Marginly airdrop. Marginly is distributing airdrop tokens to all participants in the Liquidity Bootstrap Event. Refer friends and get even more Sparks Refer friends and get even more Sparks Marginly supports a two-tier referral system that enables liquidity providers to add to their Sparks tallies. Get the equivalent of 10% of the Sparks earned by your referrals, and 5% of the Sparks earned by the referrals of your referrals. Invite all your friends to earn so many additional Sparks! Marginly’s technology is already tried and tested, previously for margin trading on Arbitrum since December 2023. The tech was initially designed for leveraged trading of various long-tail assets; that’s why it expertly serves niche leveraged yield farming use cases. What else makes the Marginly platform safe for liquidity providers— No impermanent loss because LPs provide only single-sided liquidity Liquidity pools are isolated to minimize LPs’ exposure to risk Platform is 100% decentralized—non-custodial and with no reliance on off-chain oracles Smart contracts are double audited by the cybersecurity OG Quantstamp No impermanent loss because LPs provide only single-sided liquidity Liquidity pools are isolated to minimize LPs’ exposure to risk Platform is 100% decentralized—non-custodial and with no reliance on off-chain oracles Smart contracts are double audited by the cybersecurity OG Quantstamp About Marginly Marginly is a leverage-as-a-service protocol that creates isolated side pools to existing automated market maker pools, enabling lenders to deposit their ETH and stablecoins to earn attractive yields. Leveraged yield farmers on Marginly post margin and then borrow from Marginly pools to gain their desired leverage. Partnered with Pendle for leveraged farming of Pendle’s Principal Tokens, and with EtherFi to bring eETH to Pendle, Marginly is the protocol for one-click leverage on yield-bearing assets. Get in line for the Marginly airdrop by providing liquidity to a Marginly pool before the Liquidity Bootstrap Event ends on June 5. providing liquidity to a Marginly pool providing liquidity to a Marginly pool This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Happening Right Now: Marginly Is Bootstrapping Liquidity

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