Vauld

vauld

Despite the ongoing bear market, the crypto industry has shown incredible resilience. This is best highlighted by the fact that even though the sector as a whole is just a decade old, the total capitalization of alone is of mainstream giants such as Exxon, Walmart, Nvidia, and JP Morgan Chase, among several others. Bitcoin more than that This meteoric rise can, in large part, be attributed to the growth of domains such as decentralized finance (DeFi), whose total value locked (TVL) from a meager $600M to a staggering $170B between Q1 2020 and Q4 2021. In recent months, several concerns related to the ecosystem’s security have emerged, exacerbated by the collapse of major platforms such as Celcius, Vauld, and Babel Finance. rose As a result, the credibility of the centralized finance (CeFi) sector has taken a huge hit. Many investors are questioning the risk control mechanisms associated with these projects. During all of this madness, DeFi protocols haven't remained unscathed either. A few big-name projects, including Terra Luna — estimated to be worth $4B just a few months back in May —  collapsed overnight. The merge of DeFi and CeFi Due to the aforementioned unfavorable developments, the concept of CeDeFi has continued to garner an increasing amount of traction with investors globally. As the name implies, the technology combines CeFi and DeFi.Having brought the two worlds together, it allows for the creation of financial platforms that are superior to each component — all while featuring minimal risks. By adopting the transparency of DeFi, these offerings allow their users to easily keep a close tab on how their assets are utilized at all times. The CeFi aspect helps users manage and understand the risks and rewards associated with their savings. Additionally, most CeFi projects today use flexible strategies and can deliver high-interest rates while maintaining complete transparency. Thanks to their wide-ranging benefits, CeDeFi investment platforms have continued to attract a growing number of users and capital from retail/institutional clients. Therefore, their underlying security structures have continued to become of critical importance to the digital asset industry. CeDeFi Security Explained Certain operational and functional aspects give the CeDeFi ecosystem its security specifics. The main reason for that is that the projects operating within this space are not only capable of working with various blockchain networks — but can also be faced with potential custody-related issues. To elaborate, the first security specific affecting the CeDeFi landscape is liquidity. Why? First and foremost, these projects need to be able to pull their client’s funds from any DeFi investment products if they suspect something is wrong with them. This is the primary threshold for developing these kinds of hybrid offerings. To answer this challenge, projects use on-chain alert systems, allowing them to close any DeFi investment positions immediately if they see anything out of the ordinary happening. These on-chain alert systems work with every DeFi protocol and monitor various key metrics and market parameters in real-time. Should they detect any anomalies, they can immediately respond to the event and pull out their clients’ funds. The second fundamental security specific worth mentioning is the due diligence of DeFi protocols and investment products. As the technology is still relatively nascent, there is always a chance that something can go wrong with the smart contracts of the platforms operating within this space. To this point, the best solution I see is conducting thorough due diligence of each protocol associated with them, checking the team’s background, examining their code and audit data while also analyzing what actions the dev team took about any issues identified during their assessments. The future of finance lies within the realm of CeDeFi Modern CeDeFi platforms are in their early stages of development and are, therefore, still identifying the opportunities that can arise by the blending of CeFi and DeFi. Not only that, most people are only just beginning to realize the risks associated with this space. Hence there is a growing forum of forward-looking investors/developers looking to tackle these security problems head-on. Some security issues are already known, and some are yet to surface, but I believe the developers can use their experience to predict many of those and take necessary actions.** Thus, as we continue to head into a future driven by decentralized technologies, it will be of great essence that technologists pay attention to the various security aspects of CeDeFi, especially by leveraging the power of on-chain alert modules, audits, and other available tools.

The Security of CeDeFi Projects: Specifics, Challenges, and Solutions

“How does lending happen?” he asked. It was a fair question, but not one I thought would be too complicated. Of course, it was. I dismissed it by saying, “Yeah, that’s a good question, I’m not sure, but let me look into it.” My friend didn’t say it out loud, but he was more dismissive of than I expected him to be. Bitcoin Ten years later, we are still good friends, but we don’t talk about Cryptocurrencies or Web 3. Because we know that if we do, neither of us will enjoy the conversation. I’m an optimist and something of a futurist. I have an almost naive but extremely hopeful long-term view of blockchain technologies and my friend who’s a lot more steeped in high finance, finds the entire development… disgusting. He describes the entire place as one where people too smart for their own good, go to get cheated out of their money by others who are smarter than them. A place where people too smart for their own good, go to get cheated out of their money by others who are smarter than them. It is crazy that we, as a world are at the same time extremely advanced since the first ever Bitcoin Blockchain and at the same time somehow still just getting started. But it’s certainly a wild wild west situation here. While the SEC Chair, Gary Gensler, is effectively describing all Crypto Tokens as securities, the SEC is being unclear and unhelpful in describing any kinds of rules around them. In part, the ethos of Crypto is decentralization so it’s natural that the earliest adopters were against rules of any kind. If you choose a random person among the first 200 owners of Bitcoin and ask them about setting up a meeting with Satoshi Nakamoto, the odds are they would pass it up (although they would probably try to find out who Satoshi is first) because Satoshi Nakamoto does not make the rules on who gets how much Bitcoin. So why should Gary Gensler get the privilege of making these rules? Of course, the community today has a different gripe - namely that they’re happy to seek clarification from the SEC, but the SEC is quite inclined to avoid providing any such clarification. While the Crypto community resists regulations, it does not mean that they resist all rules. Decentralized Finance, in particular, wants to be permissionless, but still know what the agreed set of rules are so that everyone is on a level playing field. This is not a new story, it is an old story, something that lawyers praise as the virtue of stare decisis. Actually, a few different things going wrong at the same time may have softened the hard stances that were initially taken by some of the Crypto enthusiasts. For starters, the algorithmic stablecoin Terra lost its peg. When that happened a big financial ecosystem built around it collapsed and many people lost their life savings. Do Kwon, whose confidence at one point was large enough to taunt billionaires at first vouched that the ecosystem will survive, but when it didn’t, has eaten humble pie. Right now, Interpol is looking for him and has issued a Red Notice. Similarly, Vauld, another startup aiming at providing Banking services for Crypto seems to have hit some troubled times. Following the recent Crypto crash, many users of Vauld’s services looked to withdraw their deposits. Hundreds of millions of dollars of withdrawals prompted Vauld to suspend its deposit and withdrawal services in order to stabilize itself. A little sympathy for the SEC. Knowing how good the Crypto crowd is at hacking and finding their way around rules, perhaps Gensler and his team are deciding that not providing information is the best approach in this case. Maybe they also wish to proceed on a case-by-case incremental basis until they know exactly how far they can go. Still, it feels unfair that a big company can turn up at the SEC offices armed with several of the SEC’s former employees and eventually get their way, while Crypto founders with a vision for the future get laughed out before they even make it up the steps. Make no mistake about this, not everyone getting into Crypto is smart. Not everyone getting in honest. But, largely, we do seem to be in a phase where everyone involved is learning along the way and this might be happening at the expense of someone who’s not even in the game. So not that different from what happened in 2008. Lead Image

The Clever Person Slaughterhouse

Have you ever staked tokens on a large crypto exchange like Binance or Coinbase? If so, you are familiar with сentralized finance (CeFi) — the technology that transmits the conventional finance system to blockchain. With CeFi, one could easily borrow the necessary tokens at a predictable rate, benefit not only from the appreciation of your portfolio but from locking up their assets to earn stable interest — not even mentioning getting easy access to the financial system, so desperately needed in underbanked areas of developing countries. So it shouldn’t come as a surprise that CeFi became widely praised as a robust and relatively risk-free investment opportunity that offers an easy entrance point to blockchain financial markets. Well, that’s no longer the case. The recent bearish market and black swan events like revealed a massive issue: CeFi, supposed to be riskless, turned out to experience huge problems with risk management. , Celsius, Voyager Digital, Vauld — this is not even an exhaustive list of crypto-institutional CeFi funds that filed for bankruptcy. Terra’s collapse Three Arrows Capital So, what are the alternatives to CeFi? Why is DeFi not a silver bullet when it comes to risk management, and how can we combine the advantages of both concepts to achieve a more sustainable wealth generation? CeFi In Crypto: More Than Just Retail Banking, Thus Dangerous You deposit money into a commercial bank at, say, 5%. A bank lends this money at 7%. This 2% discrepancy — the spread — is the blood flow of traditional retail banking, given its predictable risk profile and stable returns. Notably, this strategy is intuitively comprehensible for investors, who can be reasonably sure that their money will be paid back. However, there are significant downsides of retail crypto-banking, e.g. a limited return on investments (ROI) and scalability. While the cryptocurrency adoption rates are indeed skyrocketing, they are drastically lagging behind those of traditional finance. Hence, there is a low-profit ceiling for CeFi entities and a strong incentive to switch to riskier alternatives. The crypto industry is still nascent and the lack of developed regulations results in a high level of opacity: once locked up, your funds are in full control of the custodian, and you never know the true level of risk exposure and whether the strategy is sufficiently hedged. DeFi And Sophisticated High-Yield Strategies Continuing the banking analogy, DeFi is to CeFi what structured finance is to retail banking — in other words, a spectrum of sophisticated high-yield instruments with extreme variability. A skillful combination of various decentralized finance opportunities results in strategies tailored to the specific needs of an investor, including the desired volatility, expected return, and risk exposure. On top of that, DeFi algorithms are transparent since they are based on smart contracts, so there is no custody or fraud risk. Yet, this doesn’t mean risk management is more accessible in DeFi. Taming complicated derivatives and techniques require time and expertise, and plenty of technology-specific risks exist. For example, protocol vulnerabilities sometimes elude even the most pedantic technical audit, which is why you often hear of DeFi hacks and exploits. At the same time, the economic incentives can also be miscalculated, which results in unpredictable and dangerous behavior of users. CeDeFi, A Perfect Symbiosis What if DeFi became more accessible and straightforward? What if, instead of manually combining complex instruments, rebalancing your portfolio, analyzing protocol trustworthiness, and calculating risk exposure, you had access to the best strategies prepared for you by experts? That’s Centralized DeFi (CeDeFi): the future of crypto finance, combining the best of both worlds: the ease of access and comprehension of CeFi, with transparency and high yields of DeFi. With these fine-tuned strategies, one could benefit from both yield farming and appreciation while at the same time using derivatives to hedge against a negative outcome, hence showing excellent performance independent of the market conjuncture. Besides that, they could capitalize on algorithmic trading, volatility prediction, and arbitrage, or leverage token farming. Most importantly, no matter the chosen strategy, a user would get full transparency on where and why his funds are going, the prospective risks and how they are hedged, the expected return rate — and all without any lockup. The demand for flexible and robust strategies soars high in the conditions of the volatile crypto markets. A good example of this is the three new CeDeFi strategies launched by in mid-August: “Soft Long” and “Soft Short” on ETH, and “DeFi Token Farming”. Aimed at different market conditions, they attracted more than $1.5M user deposits in the first 12 hours, and are projected to add $20M to the platform’s AUM in the next month. The strategies are showing a high level of performance: for one, the DeFi token farming strategy LPs spiked more than 75%. These figures prove the increased interest of CeFi users in CeDeFi solutions. Midas Conclusion To sum the above, centralized finance is gradually becoming outdated: retail banking generates low yields, while alternative strategies are opaque and risky. DeFi, on the contrary, provides algorithmic efficiency and variability of instruments — yet, it is notoriously hard to grasp and is subject to its own risks. Providing lucrative DeFi opportunities in a convenient CeFi shell is a logical evolutionary step for the industry. Add to that better risk management, sustainable wealth generation, and ease of use, and we can see the CeDeFi not just as a handy investment option, but as a new opportunity to move forward with the adoption and integration into the global financial system.

Bridging CeFi and DeFi: Better Risk Management and More Sustainable Wealth Generation

A Review of Earn, Lending and Savings Products One of the most well-known ways to increase the value of your cryptocurrency holdings and investment portfolio in recent years is through crypto lending and earn products. Due to the fact that crypto investors are increasingly focused on finding the most polished and compliant platform for crypto lending, it is vital that investors fully grasp how such crypto lending platforms work and the risks involved. : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the story for quality, but the claims hereon belong to the author. #DYOR brand-as-author program Understanding How Crypto Lending Works 101 In order to make an informed decision about which crypto loan platform is best for you, you must first have a thorough grasp of how they operate and their technological and lending infrastructure. The easiest approach to understanding how a crypto platform works is to concentrate on the different roles played by its various components as part of its business model, such as: Lenders are a crucial part of the crypto loan process as they provide loans to the company to generate yield on assets. In order to get a passive income from their crypto assets, they store them for an extended period of time with a crypto lending platform. Instead of selling their crypto assets, borrowers must use them as collateral to get loans. To reclaim their collateral, borrowers must also pay interest on the loans they take out depending upon the models and bonuses (using a native token) put forth by each crypto lending platform. The crypto lending platform governs the loan and borrowing procedure, it is critical for a user to read the terms of service to understand their rights and any material risks that they should be aware of. The platform may be centralised or decentralised. Depending on the kind of platform, matching orders, liquidity pools, or codes are used to govern the lending process. The following is a comprehensive selection of three cryptocurrency lending platforms, in no particular order. Best 3 Crypto Lending Platforms 1. Nexo It's no secret that Nexo is one of the most popular cryptocurrency lending and borrowing services in the world, and it's especially popular in Europe. Nexo, together with BlockFi and Celsius, is regarded as being one of the "big 3" lending platforms and has a strong reputation in the cryptocurrency and FinTech industries. With the fall of Celsius and the bailout of BlockFi. As per media reports, Nexo has also a term sheet with Vauld for potential acquisition. signed Nexo provides a crypto lending and earn product which allows users to earn Annual Percentage Yield (APY) by lending their crypto assets to the crypto lending platform. The crypto lending platform in return lends the assets to different borrowers to earn additional yield. On Nexo, the APY that customers receive is dependent on their degree of loyalty and the asset that they choose to hold their money in such as whether the users hold any native Nexo tokens. A user's loyalty level is determined by how much of their portfolio is invested in Nexo, rather than how much money they have invested. The greater the customer's loyalty level, the more APY rates they can earn in the Earn section and the lower interest rates are applicable to such borrowers. Further with Nexo, users may borrow for as low as 0% if they become Gold or Platinum members and maintain their loan-to-value ratio under 20%. On the Nexo platform, no credit checks or origination fees are required for users to borrow money. This is great for users who are holding Nexo tokens as it provides them with a competitive edge against other users using the Nexo services. In contrast to Voyager and BlockFi, Nexo does not provide typical crypto loans, but instead a crypto line of credit, which provides for more versatility in the borrowing process. Furthermore, Nexo is a pioneer in allowing users to borrow against their NFTs, making it the most asset-rich platform available. The owners of Bored Apes NFTs and CryptoPunk NFTs tokens may now borrow up to 20% of their valuable NFTs' worth - this is a great option for NFT holders. However, NFT users must conduct market due diligence before putting their NFTs as collateral due to market volatility and the experimental nature of such products. Customers may also get an additional 0.5 percent cash back on bitcoin purchases made via the site, with the amount varying according to the loyalty tier. Customers have to go through KYC and identification verification in order to buy crypto, although this will just take a few minutes. The lowest card transaction is $50, and the highest is $5,000, with a monthly ceiling of $10,000. Card transactions are immediate. Nexo Security Infrastructure Anybody that has been in the crypto world for any length of time recognises the significance of security, given the number of exchange hacks and tales of consumers losing their money that we hear. Nexo's security reputation and history are unblemished and unfortunately, there aren't many platforms that can say that. In order to safeguard money and offer $375 million in insurance, Nexo adheres to industry best practices and has worked with BitGo, Ledger Vault, Bakkt, and others. Third-party penetration testing is also carried out on Nexo's smart contracts to guarantee that there are no security holes. BitGo's SOC 2 Type 2-certified custodianship programme offers Nexo cold storage solutions and bank-grade class III vaults. Ledger Vault offers a cloud-based digital asset custody infrastructure and ensures digital assets up to $150 million. Bakkt offers Nexo cold storage solutions for Bitcoin and Ethereum that are air-gapped. Security solutions, certifications, and partners used by Nexo are shown in the image above. Secured networks with restricted access to customer information are in place. ISO/IEC 27001-certified information security management system Nexo employs to protect its customers' private data. 2. Cake DeFi The Cake DeFi’s current lineup includes Lending, Liquidity Mining and Borrowing products. Cake DeFi's loan rates are comparable to those of its DeFi competitors. In the event that the price of the native currency rises while the loan is outstanding, the advertised "guaranteed" APY increases accordingly. Cake DeFi has more than 73 million USD in rewards to its customers to date which indicates its capacity to allocate assets properly and provide users with a steady APY. paid Users deposit digital assets such as BTC, ETH, USDC, or USDT which are then locked in options contracts for a period of four weeks. The batch has a 28-day duration, beginning and ending on the Friday of each week. It's possible for customers to carry over into the following four-week term, remove their full principle and return to Cake Wallet, or take the profits only after the four-week period. Users can lend money with the assumption that it shall be repaid in full, with interest included. Users have the option of lending Bitcoin, Ether, USD Coin, or Tether (USDT). For the services Cake DeFi offers, Cake DeFi merely serves as a middleman or agent. To put it another way, Cake DeFi gives customers a "safe path" or a way to access decentralised financial services. Similar to a "black box," which gives minimal transparency and control to organisations other than itself, other CeFi systems, such as Celsius, are in sharp contrast. As a result, customers would be left in the dark about important issues like where their earnings are coming from and whether or not their money are being mixed with those of the company's operations. Cake DeFi’s belief is that in light of the difficulties that crypto investors are now facing, the industry as a whole should do more to ensure and safeguard its customers' funds which makes it one of the best crypto lending alternatives to Celsius and Voyager. 3. Crypto.com The Lending Platform offers a broad array of products with an easy-to-understand user interface. Through Crypto.com Lending, customers earn interest on their crypto investments, take out crypto-collateralized loans, receive crypto payments and trade crypto. Additionally, Crypto.com is well-known for its CRO token-based cards. All financial and risk-prevention requirements are adhered to by Crypto.com, which is a fully regulated crypto corporation. It means you won't be able to access its services, including the App and Exchange, anonymously. Crypto.com There are a number of countries where Crypto.com is now accessible. These include several in North and South America, Europe (including the UK), Australia (including New Zealand), Asia (including Singapore), and Africa (including Nigeria). You will be required to provide identification in order to complete the registration process. In order to use the platform, users must give the following: Authenticated full name Selfie with a government-issued ID to prove that you are still alive. Obtaining a Crypto.com Visa card necessitates submitting a current (within the last three months) utility bill as proof of residency. Get your account confirmed. It may take up to 3 business days to verify. On the service side, Crypto.com stores all customer money in secure cold storage facilities. An institutional-grade custody solution called Ledger Vault is used in conjunction with hardware security modules (HSM) and multi-signature keys to provide a high level of security. In addition, Crypto.com cold storage has a USD 500 million insurance coverage, which covers direct and indirect coverage through custodians, physical damage and third-party theft. Crypto.com Cold Storage and Security Crypto.com also employs HSM and multi-signature keys to safeguard its hot wallets. For day-to-day client withdrawal requests, the company's hot wallets store a small portion of its overall assets, which are enough to cover the company's daily withdrawal needs. Customers' deposits in fiat currency are protected by local rules since they are stored in highly regulated custodian bank accounts all around the world. For example, the Federal Deposit Insurance Corporation (FDIC) insures USD accounts held by U.S. clients up to a maximum of $250,000 USD. However, Crypto.com allows you to keep control of your fiat cash, ensuring that neither the company nor any of its creditors may ever claim them. Using Crypto.com's two-factor authentication (2FA) and a combination of the passphrase, password, biometric (fingerprint & face ID), email and phone verification, you can keep your accounts safe from intruders at all times. Furthermore, the DeFi wallet allows you to maintain your own private keys, which means that you don't have to depend on the platform's security. Crypto.com is a safe and regulated crypto platform that Crypto.com provides on its platform with various security certifications and examinations by renowned security auditors. Buying, exchanging, and spending cryptocurrency is a breeze thanks to Crypto.com's beginner-friendly trading interface. Its other crypto services, like the Crypto.com Exchange, DeFi Swap and Wallet, Crypto Earn, and Pay, make it a fantastic one-stop shop for all things crypto. Final Thoughts on Nexo, CakeDeFi and Crypto.com Lending Product Nexo, CakeDeFi and Crypto.com have swiftly risen to the position of one of the world's most significant crypto loan platforms. It's impossible for a platform to achieve this level of success without a strong product, platform, and people behind it. As cryptocurrency use continues to rise, lending services are becoming more popular. Users may maximize their financial assets without giving up ownership of them by using these services. Additionally, the APYs, which are far greater than those offered by regular banks, are a major selling point, as are the perks of the crypto card. Don’t forget to share and like the story!

3 Best Crypto Lending Platforms: Alternatives to Celsius and Voyager

TORTOLA, British Virgin Island, October 25th, 2024/Chainwire/--Aark Digital recently experienced a security incident in which an unauthorized party accessed and withdrew approximately 1,386,085 USDC and 24.143 ETH. In response, the project has launched 24/7 recovery efforts, while also implementing additional security measures to safeguard against any further unauthorized activity. As part of its recovery strategy, Aark Digital is offering a 15% bounty to the individual responsible, contingent upon the safe and complete return of the misappropriated assets. This bounty, amounting to 225,000 USDC, is intended to incentivize the return of the funds, and additional details are available on Arkham's bounty platform here. Should a full recovery not occur, Aark Digitial has indicated that it will announce a distribution plan to address the situation appropriately. The organization has set a deadline of 26th October 2024, 15:00 UTC, for the responsible party to respond, stating that it is prepared to pursue legal measures if the funds are not returned within this timeframe. Aark Digital is committed to keeping its community informed throughout this process, emphasizing its dedication to transparency and user security. Aark Digital will continue to release updates on the situation as they become available. About Aark Digital Aark Digital is a blockchain-focused project dedicated to providing secure, innovative solutions within the digital asset space. Committed to transparency and user security, Aark Digital leverages cutting-edge technology and industry best practices to safeguard assets and build trust within its community. Aark Digital aims to advance the growth and adoption of decentralized finance worldwide. Contact Manager Henry Aark Digital henry@aark.digital This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here TORTOLA, British Virgin Island, October 25th, 2024/Chainwire/--Aark Digital recently experienced a security incident in which an unauthorized party accessed and withdrew approximately 1,386,085 USDC and 24.143 ETH. In response, the project has launched 24/7 recovery efforts, while also implementing additional security measures to safeguard against any further unauthorized activity. As part of its recovery strategy, Aark Digital is offering a 15% bounty to the individual responsible, contingent upon the safe and complete return of the misappropriated assets. This bounty, amounting to 225,000 USDC, is intended to incentivize the return of the funds, and additional details are available on Arkham's bounty platform here . here here Should a full recovery not occur, Aark Digitial has indicated that it will announce a distribution plan to address the situation appropriately. The organization has set a deadline of 26th October 2024, 15:00 UTC, for the responsible party to respond, stating that it is prepared to pursue legal measures if the funds are not returned within this timeframe. Aark Digital is committed to keeping its community informed throughout this process, emphasizing its dedication to transparency and user security. Aark Digital will continue to release updates on the situation as they become available. About Aark Digital Aark Digital is a blockchain-focused project dedicated to providing secure, innovative solutions within the digital asset space. Committed to transparency and user security, Aark Digital leverages cutting-edge technology and industry best practices to safeguard assets and build trust within its community. Aark Digital aims to advance the growth and adoption of decentralized finance worldwide. Aark Digital Aark Digital Contact Manager Henry Aark Digital henry@aark.digital 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

Aark Digital Offers 15% Bounty to Hacker Responsible for $1.5M Attack on Vaults

Aark Digital tilbyder 15 % dusør til hacker ansvarlig for $1,5 mio. angreb på vaults

Aark Digital ofrece una recompensa del 15 % al pirata informático responsable de un ataque de 1,5 millones de dólares a bóvedas

Aark Digital מציעה פרס של 15% להאקר האחראי להתקפה של 1.5 מיליון דולר על כספות

आर्क डिजिटल ने वॉल्ट पर $1.5 मिलियन के हमले के लिए जिम्मेदार हैकर को 15% इनाम देने की पेशकश की

Aark Digital-ն առաջարկում է 15% պարգև հակերին, որը պատասխանատու է պահոցների վրա 1,5 միլիոն դոլար հարձակման համար

Aark Digital、金庫への150万ドル攻撃の犯人に15%の賞金を提供

Aark Digital қоймаларға жасалған 1,5 миллион долларлық шабуылға жауапты хакерлерге 15% сыйақы ұсынады.

Aark Digital Epesi 15% Bounty na Hacker Responsable ya Attaque ya $1.5M na ba Coffres-forts

Aark Digital нь агуулах руу 1.5 сая долларын дайралт хийсэн хакеруудад 15%-ийн шагнал санал болгож байна.

Aark Digital oferece 15% de recompensa para hacker responsável por ataque de US$ 1,5 milhão em cofres

Aark Digital ба ҳакерҳо, ки барои ҳамлаи 1,5 миллион доллар ба анборҳо масъуланд, 15% мукофот пешниҳод мекунад

Aark Digital 向对金库发动 150 万美元攻击的黑客提供 15% 的赏金

Traditionally speaking, the banking system works with the help of a vast network of reliable intermediaries. Despite its challenges and shortcomings, we continue to rely on it to protect our funds and valuables – primarily in the virtual safe deposit box. This trust has been built over the centuries by the traditional banking system. Meanwhile, in the non-traditional landscape of cryptocurrency, the idea of a self-custody wallet has continued to gain traction even though bad actors are constantly in the news for hacking exchanges. While the crypto industry has undergone significant development, it is still very much plagued by scams and hacks that undermine efforts to build trust among millions of potential users. Crypto has an image problem, despite the promises of a self-custody revolution, and this is only aggravated by the instances of “overnight millionaires”. As a technological innovation, self-custody, which moves the management of assets into the hands of customers, represents a paradigm shift. It eliminates third-party involvement—a feature that can be a lifesaver as many platforms such as Terra, Celsius, and FTX, to mention a few, have crumbled causing significant losses to the tune of $40 billion as per CoinDesk. Building Trust Over Time It has taken several years of legal framing and enhancing the security measures of the conventional banking systems for people to develop trust in those systems. For instance when Silicon Valley Bank went bust, requisite measures to deal with customer losses were instituted without any delay. Crypto business, conversely, is a rather ill-defined and continuously developing market that still has no set rules to follow. Trust in this space has often been lost due to several failures as well as fraud-related cases. Consequently, self-custody appears to be the most viable innovation in such an environment. We can own assets outright and decrease the risk associated with third parties, which makes the process free from their intervention. The Role of Technology in Enhancing Security In the future, as this industry develops, we should also see these self-custody technologies reach the same high levels of trust and reliability as the present-day banking sector. Currently, CCData reveals that over one hundred providers can be identified all over the world to provide custodial solutions to retail and institutional investors looking to invest in crypto assets. The consolidation of the industry is foreseeable, as it is borne out by the experiences of sectors such as banking and the internet when transitions are initiated to tighten up security and instill greater trust in the industry. Distrust of centralized infrastructure is another problem that might appear unfathomable for retail users, but self-custody is imperative. The self-custody market remains to be developing, providing better and more consumer-friendly solutions that handle assets on the user‘s behalf. Additionally, self-custody is not only about transitioning between one technological paradigm and another – but a paradigm shift in thought. That is an indication of a shift towards self-organization and one’s faith in the financial systems. Unfortunately, self-custody will become one of the standards as crypto develops further for those who want their funds to be secure. Challenges Facing Web3 Wallet Management Currently, managing a Web3 wallet comes with the following challenges: Seed Phrases A Web3 wallet most importantly comprises the seed phrase recognized as a recovery phrase. It serves the purpose of becoming a unique identifier, allowing users to restore their wallets on various gadgets. It is a 12-24 random word phrase, and losing such a phrase will result in permanent loss of wallet and any of the funds stored in it. Unfortunately, there is no organized service to recover the phrase, and the total burden lies on the user. The problem lies in the question of how to safely store this seed phrase securely at the same time. It is too long and random that users cannot memorize it easily, and when they write it down or store it in an informatics device, there are some dangers involved. If the physical copy is lost, damaged, or stolen — or if a digital copy of the information is cracked — the user’s wallet could leak or could be locked away forever. Generating and Remembering Strong Passwords The majority of Web3 wallets also force users to set essential passwords to enhance the application’s protection. Such passwords must be used so that one is long and different from those used in the other accounts and contains symbols that cannot be subjected to hacking or brute force. However, this creates a significant challenge: how to achieve the best password creation to meet the standard of secularity while, at the same time be okay with the user to remember it. The reality is that there is no one server that a person can turn to get help, and as such, if the password is gone, so is the wallet. Worse still, fundamental password reset strategies such as receiving password reset links via email are not feasible in Web 3. As a result, the wallet remains closed for all eternity if the user forgets or loses the password to the wallet. This password is only with the user, so password insecurity is still an issue when managing Web3 wallets. Protecting Against Phishing Scams and Malware Crypto phishing scams are one of the most common types of scams actively used in the Web3 ecosystem. The attackers continue hiding behind the replica of any type of service or person, using techniques ranging from private keys to passwords from the user. As pointed out it has been noted that this kind of scam has evolved in a way that when the individual clicks on the links to the sites involved, these look almost like the real site, putting even the intelligent users at the mercy of the con-men. Malware is another huge problem because it is easy to spread an infected file or program into an organization's network. This can be acquired through downloads or by clicking on links in ads and will surreptitiously steal wallet details. For example, some malware may keep track of the clipboard of the user to replace the copied wallet address with a fake one, so as to guarantee that users deposit their cash into the wrong wallet. That is why pointing interest from the user and awareness of threats in the information space is needed to prevent these forms of attacks. Remaining Cautious of Unknown Links and Downloads Among the most used attack methods in Web3 is using links or downloads, which sound familiar or unknown to the user. If the user clicks on a fraudulent link, then the wallet becomes vulnerable to phishing sites, or the user's device is infected with malware. These are attacks with the intent of capturing the private key or otherwise phishing users into signing up for fraudulent transactions. Given the fact that Web3 is a decentralized network system, there is effectively no protection, and users are their self-defense line. This challenge is especially challenging because links can be disguised in several different ways, shapes, and forms. It comes from emails pretending to be from customer support or alert services on social media sites. One can compromise their account easily simply by downloading a well-known wallet plugin from untrusted sources. It makes every exchange that occurs through the platforms a potential risk that needs to be avoided. How GRVT Is Challenging The Notion of Private Key The GRVT Wallet simplifies the user experience through Web Authentication (WebAuthn), which allows users to create and access their wallet using a password and passkeys, avoiding the complexities associated with traditional crypto wallets. The integration of Dfns technology allows users to access their wallets via fingerprint or facial recognition, offering quick and secure authentication similar to traditional online banking. And it blends the user-friendliness of Web2 with the security of self-custody, protecting assets without the technical burdens. By leveraging off-chain, peer-to-peer networks with multi-party computation (MPC) and public key infrastructure, it is able to guarantee: No Single Point of Failure: GRVT Wallet supports multiple devices, creating multiple security layers to prevent breaches. Responsive Recovery: Recovery wallets and backup codes provide fail-safes if credentials are lost. Uninterrupted Transactions: Linking new devices doesn’t affect public key, allowing continuous transfers. Conclusion The question of why the conventional banking system continues to thrive despite its shortcomings and the revolutionary advantage of the self-custody system boils down to trust. Millions around the world still feel safe to keep their money and other valuables in the banks and the incidence of crypto scams and losses has increasingly overshadowed the prospects of a generational transition from modern banking to cryptocurrency and self-custody wallet. This problem is further aggravated by the technical complexities surrounding the use of a smart contract wallet, which requires a level of skill to operate. Nonetheless, the possibility for both systems to exist side-by-side in the future is worth considering. Traditionally speaking, the banking system works with the help of a vast network of reliable intermediaries. Despite its challenges and shortcomings, we continue to rely on it to protect our funds and valuables – primarily in the virtual safe deposit box. This trust has been built over the centuries by the traditional banking system. Meanwhile, in the non-traditional landscape of cryptocurrency, the idea of a self-custody wallet has continued to gain traction even though bad actors are constantly in the news for hacking exchanges. While the crypto industry has undergone significant development, it is still very much plagued by scams and hacks that undermine efforts to build trust among millions of potential users. Crypto has an image problem, despite the promises of a self-custody revolution, and this is only aggravated by the instances of “overnight millionaires”. As a technological innovation, self-custody, which moves the management of assets into the hands of customers, represents a paradigm shift. It eliminates third-party involvement—a feature that can be a lifesaver as many platforms such as Terra, Celsius, and FTX, to mention a few, have crumbled causing significant losses to the tune of $40 billion as per CoinDesk . Crypto CoinDesk Building Trust Over Time It has taken several years of legal framing and enhancing the security measures of the conventional banking systems for people to develop trust in those systems. For instance when Silicon Valley Bank went bust, requisite measures to deal with customer losses were instituted without any delay. Silicon Valley Bank Crypto business, conversely, is a rather ill-defined and continuously developing market that still has no set rules to follow. Trust in this space has often been lost due to several failures as well as fraud-related cases. Consequently, self-custody appears to be the most viable innovation in such an environment. We can own assets outright and decrease the risk associated with third parties, which makes the process free from their intervention. The Role of Technology in Enhancing Security In the future, as this industry develops, we should also see these self-custody technologies reach the same high levels of trust and reliability as the present-day banking sector. Currently, CCData reveals that over one hundred providers can be identified all over the world to provide custodial solutions to retail and institutional investors looking to invest in crypto assets. The consolidation of the industry is foreseeable, as it is borne out by the experiences of sectors such as banking and the internet when transitions are initiated to tighten up security and instill greater trust in the industry. Distrust of centralized infrastructure is another problem that might appear unfathomable for retail users, but self-custody is imperative. The self-custody market remains to be developing, providing better and more consumer-friendly solutions that handle assets on the user‘s behalf. Additionally, self-custody is not only about transitioning between one technological paradigm and another – but a paradigm shift in thought. That is an indication of a shift towards self-organization and one’s faith in the financial systems. Unfortunately, self-custody will become one of the standards as crypto develops further for those who want their funds to be secure. Challenges Facing Web3 Wallet Management Currently, managing a Web3 wallet comes with the following challenges: Seed Phrases A Web3 wallet most importantly comprises the seed phrase recognized as a recovery phrase. It serves the purpose of becoming a unique identifier, allowing users to restore their wallets on various gadgets. It is a 12-24 random word phrase, and losing such a phrase will result in permanent loss of wallet and any of the funds stored in it. Unfortunately, there is no organized service to recover the phrase, and the total burden lies on the user. The problem lies in the question of how to safely store this seed phrase securely at the same time. It is too long and random that users cannot memorize it easily, and when they write it down or store it in an informatics device, there are some dangers involved. If the physical copy is lost, damaged, or stolen — or if a digital copy of the information is cracked — the user’s wallet could leak or could be locked away forever. Generating and Remembering Strong Passwords The majority of Web3 wallets also force users to set essential passwords to enhance the application’s protection. Such passwords must be used so that one is long and different from those used in the other accounts and contains symbols that cannot be subjected to hacking or brute force. However, this creates a significant challenge: how to achieve the best password creation to meet the standard of secularity while, at the same time be okay with the user to remember it. The reality is that there is no one server that a person can turn to get help, and as such, if the password is gone, so is the wallet. Worse still, fundamental password reset strategies such as receiving password reset links via email are not feasible in Web 3. As a result, the wallet remains closed for all eternity if the user forgets or loses the password to the wallet. This password is only with the user, so password insecurity is still an issue when managing Web3 wallets. Protecting Against Phishing Scams and Malware Crypto phishing scams are one of the most common types of scams actively used in the Web3 ecosystem. The attackers continue hiding behind the replica of any type of service or person, using techniques ranging from private keys to passwords from the user. As pointed out it has been noted that this kind of scam has evolved in a way that when the individual clicks on the links to the sites involved, these look almost like the real site, putting even the intelligent users at the mercy of the con-men. Malware is another huge problem because it is easy to spread an infected file or program into an organization's network. This can be acquired through downloads or by clicking on links in ads and will surreptitiously steal wallet details. For example, some malware may keep track of the clipboard of the user to replace the copied wallet address with a fake one, so as to guarantee that users deposit their cash into the wrong wallet. That is why pointing interest from the user and awareness of threats in the information space is needed to prevent these forms of attacks. Remaining Cautious of Unknown Links and Downloads Among the most used attack methods in Web3 is using links or downloads, which sound familiar or unknown to the user. If the user clicks on a fraudulent link, then the wallet becomes vulnerable to phishing sites, or the user's device is infected with malware. These are attacks with the intent of capturing the private key or otherwise phishing users into signing up for fraudulent transactions. Given the fact that Web3 is a decentralized network system, there is effectively no protection, and users are their self-defense line. This challenge is especially challenging because links can be disguised in several different ways, shapes, and forms. It comes from emails pretending to be from customer support or alert services on social media sites. One can compromise their account easily simply by downloading a well-known wallet plugin from untrusted sources. It makes every exchange that occurs through the platforms a potential risk that needs to be avoided. How GRVT Is Challenging The Notion of Private Key How GRVT Is Challenging The Notion of Private Key The GRVT Wallet simplifies the user experience through Web Authentication (WebAuthn), which allows users to create and access their wallet using a password and passkeys, avoiding the complexities associated with traditional crypto wallets. The integration of Dfns technology allows users to access their wallets via fingerprint or facial recognition, offering quick and secure authentication similar to traditional online banking. And it blends the user-friendliness of Web2 with the security of self-custody, protecting assets without the technical burdens. By leveraging off-chain, peer-to-peer networks with multi-party computation (MPC) and public key infrastructure, it is able to guarantee: No Single Point of Failure: GRVT Wallet supports multiple devices, creating multiple security layers to prevent breaches. Responsive Recovery: Recovery wallets and backup codes provide fail-safes if credentials are lost. Uninterrupted Transactions: Linking new devices doesn’t affect public key, allowing continuous transfers. Conclusion The question of why the conventional banking system continues to thrive despite its shortcomings and the revolutionary advantage of the self-custody system boils down to trust. Millions around the world still feel safe to keep their money and other valuables in the banks and the incidence of crypto scams and losses has increasingly overshadowed the prospects of a generational transition from modern banking to cryptocurrency and self-custody wallet. This problem is further aggravated by the technical complexities surrounding the use of a smart contract wallet, which requires a level of skill to operate. Nonetheless, the possibility for both systems to exist side-by-side in the future is worth considering.

The Vaults vs. Self-Custody: A Trust Revolution in Modern Finance

The Vaults vs Self-Custody: A Trust Revolution in Modern Finance

Сховішчы супраць самастойнай апекі: рэвалюцыя даверу ў сучасных фінансах

Трезорите срещу самопопечителство: Революция на доверието в съвременните финанси

Las bóvedas frente a la autocustodia: una revolución de la confianza en las finanzas modernas

Brankas vs. Penitipan Diri: Revolusi Kepercayaan dalam Keuangan Modern

金庫 vs. 自己管理：現代金融における信頼革命

Trezory vs. Vlastná úschova: Revolúcia dôvery v modernom financii

தி வால்ட்ஸ் எதிராக சுய-கஸ்டடி: நவீன நிதியத்தில் ஒரு நம்பிக்கைப் புரட்சி

Kasalar ve Öz-Muhafaza: Modern Finansta Bir Güven Devrimi

Các két sắt so với quyền tự lưu giữ: Một cuộc cách mạng về lòng tin trong tài chính hiện đại

Introduction .Net Aspire framework is used to develop cloud and production-ready distributed applications. It consists of components to handle cloud-native concerns such as Redis, Postgres etc. Prerequisites Install .Net 8
Install Visual Studio 2022 version 17 or higher
.Net Aspire Workload
Container runtime such as Docker Desktop
10 Day .Net Aspire Challenge Objectives Learn how to create a starter project using .Net Aspire with the Azure Key Vault. Github Sample: The solution structure is divided into the following projects DotnetAspireChallenge.ApiService
DotnetAspireChallenge.AppHost
DotnetAspireChallenge.ServiceDefaults
DotnetAspireChallenge.Web Getting Started Step 1: Install the following NuGet package Install the following Nuget package into the subsequent project “DotnetAspireChallenge.AppHost” dotnet add package Aspire.Hosting.Azure.KeyVault In the above project, register the Azure Key Vault var secrets = builder.ExecutionContext.IsPublishMode
        ? builder.AddAzureKeyVault("secrets")
        : builder.AddConnectionString("secrets"); Note: A keyVault connection string is required, which means an Azure KeyVault service should be UP and RUNNING on the Azure cloud. Step 2: Install another NuGet package Install the following Nuget package into the subsequent project “DotnetAspireChallenge.ApiService” dotnet add package Aspire.Azure.Security.KeyVault There are two ways to use Azure KeyVault Using Configuration
Using SecretClient For Configuration Register the context of the Program.cs file as follows builder.Configuration.AddAzureKeyVaultSecrets("secrets") then retrieve the secrets using the IConfiguration class as follows public class ExampleService(IConfiguration configuration)
    {
        string secretValue = configuration["secretKey"];
        // Use secretValue ...
    } For SecretClient Create an extension class and register a minimal API GET method to demonstrate the SecretClient usage in the API Service public static class AspireKeyVaultExtension
    {
    
        public static void MapKeyVaultEndpoint(this WebApplication app)
        {
            app.MapGet("/vault", async (SecretClient secretClient) =>
            {
    
                try
                {
                    // Define the secret name and value
                    string secretName = "mySecret";
                    string secretValue = "This is a secret value";
    
                    // Set the secret
                    KeyVaultSecret secret = new KeyVaultSecret(secretName, secretValue);
    
                    await secretClient.SetSecretAsync(secret);
                    return Results.Ok(await secretClient.GetSecretAsync(secretName));
    
                }
                catch (RequestFailedException e)
                {
                    Console.WriteLine("HTTP error code {0}: {1}", e.Status, e.ErrorCode);
                    Console.WriteLine(e.Message);
                    return Results.Problem($"HTTP error code {e.Status}: {e.Message}");
                }
            });
        }
    } and finally, register in the Program.cs file app.MapKeyVaultEndpoint(); Add additional connection string properties using the JSON syntax {
      "Aspire": {
        "Azure": {
          "Security": {
            "KeyVault": {
              "VaultUri": "YOUR_VAULT_URI",
              "DisableHealthChecks": false,
              "DisableTracing": true,
              "ClientOptions": {
                "DisableChallengeResourceVerification": true
              }
            }
          }
        }
      }
    } Congratulations..!! You’ve successfully integrated the Azure KeyVault component into the .Net Aspire project. Github Project GitHub - ssukhpinder/DotnetAspireChallenge: 10 Day .Net Aspire Challenge More Cheatsheets Cheat Sheets — .Net C# Programming🚀 Thank you for being a part of the C# community! Before you leave: Follow us: Youtube | X | LinkedIn | Dev.to
Visit our other platforms: GitHub
More content at C# Programming Introduction .Net Aspire framework is used to develop cloud and production-ready distributed applications. It consists of components to handle cloud-native concerns such as Redis, Postgres etc. Prerequisites Install .Net 8 Install Visual Studio 2022 version 17 or higher .Net Aspire Workload Container runtime such as Docker Desktop
10 Day .Net Aspire Challenge Install .Net 8 .Net 8 Install Visual Studio 2022 version 17 or higher Visual Studio 2022 .Net Aspire Workload Container runtime such as Docker Desktop 10 Day .Net Aspire Challenge Docker Desktop 10 Day .Net Aspire Challenge Objectives Learn how to create a starter project using .Net Aspire with the Azure Key Vault. Github Sample : The solution structure is divided into the following projects Github Sample DotnetAspireChallenge.ApiService DotnetAspireChallenge.AppHost DotnetAspireChallenge.ServiceDefaults DotnetAspireChallenge.Web DotnetAspireChallenge.ApiService DotnetAspireChallenge.AppHost DotnetAspireChallenge.ServiceDefaults DotnetAspireChallenge.Web DotnetAspireChallenge.Web Getting Started Step 1: Install the following NuGet package Install the following Nuget package into the subsequent project “ DotnetAspireChallenge.AppHost ” DotnetAspireChallenge.AppHost dotnet add package Aspire.Hosting.Azure.KeyVault dotnet add package Aspire.Hosting.Azure.KeyVault In the above project, register the Azure Key Vault var secrets = builder.ExecutionContext.IsPublishMode
        ? builder.AddAzureKeyVault("secrets")
        : builder.AddConnectionString("secrets"); var secrets = builder.ExecutionContext.IsPublishMode
        ? builder.AddAzureKeyVault("secrets")
        : builder.AddConnectionString("secrets"); Note: A keyVault connection string is required, which means an Azure KeyVault service should be UP and RUNNING on the Azure cloud. Note: Step 2: Install another NuGet package Install the following Nuget package into the subsequent project “ DotnetAspireChallenge.ApiService ” DotnetAspireChallenge.ApiService dotnet add package Aspire.Azure.Security.KeyVault dotnet add package Aspire.Azure.Security.KeyVault There are two ways to use Azure KeyVault Using Configuration Using SecretClient Using Configuration Using SecretClient For Configuration Register the context of the Program.cs file as follows builder.Configuration.AddAzureKeyVaultSecrets("secrets") builder.Configuration.AddAzureKeyVaultSecrets("secrets") then retrieve the secrets using the IConfiguration class as follows public class ExampleService(IConfiguration configuration)
    {
        string secretValue = configuration["secretKey"];
        // Use secretValue ...
    } public class ExampleService(IConfiguration configuration)
    {
        string secretValue = configuration["secretKey"];
        // Use secretValue ...
    } For SecretClient Create an extension class and register a minimal API GET method to demonstrate the SecretClient usage in the API Service public static class AspireKeyVaultExtension
    {
    
        public static void MapKeyVaultEndpoint(this WebApplication app)
        {
            app.MapGet("/vault", async (SecretClient secretClient) =>
            {
    
                try
                {
                    // Define the secret name and value
                    string secretName = "mySecret";
                    string secretValue = "This is a secret value";
    
                    // Set the secret
                    KeyVaultSecret secret = new KeyVaultSecret(secretName, secretValue);
    
                    await secretClient.SetSecretAsync(secret);
                    return Results.Ok(await secretClient.GetSecretAsync(secretName));
    
                }
                catch (RequestFailedException e)
                {
                    Console.WriteLine("HTTP error code {0}: {1}", e.Status, e.ErrorCode);
                    Console.WriteLine(e.Message);
                    return Results.Problem($"HTTP error code {e.Status}: {e.Message}");
                }
            });
        }
    } public static class AspireKeyVaultExtension
    {
    
        public static void MapKeyVaultEndpoint(this WebApplication app)
        {
            app.MapGet("/vault", async (SecretClient secretClient) =>
            {
    
                try
                {
                    // Define the secret name and value
                    string secretName = "mySecret";
                    string secretValue = "This is a secret value";
    
                    // Set the secret
                    KeyVaultSecret secret = new KeyVaultSecret(secretName, secretValue);
    
                    await secretClient.SetSecretAsync(secret);
                    return Results.Ok(await secretClient.GetSecretAsync(secretName));
    
                }
                catch (RequestFailedException e)
                {
                    Console.WriteLine("HTTP error code {0}: {1}", e.Status, e.ErrorCode);
                    Console.WriteLine(e.Message);
                    return Results.Problem($"HTTP error code {e.Status}: {e.Message}");
                }
            });
        }
    } and finally, register in the Program.cs file app.MapKeyVaultEndpoint(); app.MapKeyVaultEndpoint(); Add additional connection string properties using the JSON syntax {
      "Aspire": {
        "Azure": {
          "Security": {
            "KeyVault": {
              "VaultUri": "YOUR_VAULT_URI",
              "DisableHealthChecks": false,
              "DisableTracing": true,
              "ClientOptions": {
                "DisableChallengeResourceVerification": true
              }
            }
          }
        }
      }
    } {
      "Aspire": {
        "Azure": {
          "Security": {
            "KeyVault": {
              "VaultUri": "YOUR_VAULT_URI",
              "DisableHealthChecks": false,
              "DisableTracing": true,
              "ClientOptions": {
                "DisableChallengeResourceVerification": true
              }
            }
          }
        }
      }
    } Congratulations..!! You’ve successfully integrated the Azure KeyVault component into the .Net Aspire project. Github Project GitHub - ssukhpinder/DotnetAspireChallenge: 10 Day .Net Aspire Challenge GitHub - ssukhpinder/DotnetAspireChallenge: 10 Day .Net Aspire Challenge More Cheatsheets Cheat Sheets — .Net Cheat Sheets — .Net C# Programming🚀 Thank you for being a part of the C# community! Before you leave: Follow us: Youtube | X | LinkedIn | Dev.to Visit our other platforms: GitHub More content at C# Programming Youtube X LinkedIn Dev.to GitHub C# Programming

The 10-Day .Net Aspire Challenge - Day 9: Azure Key Vault

VAUL3 proudly unveils its innovative peer-to-peer (P2P) smart saving ecosystem, a platform designed to bridge the gap between traditional finance and the rapidly evolving decentralized finance (DeFi) landscape. As financial markets continue to adapt to the digital age, VAUL3 is poised to lead this transformation with a mission to democratize financial growth, empowering users to create, manage, and invest in yield strategies with unprecedented ease and security. The Future of Finance: VAUL3 ’s Vision and Innovation At the core of VAUL3 is a user-centric platform that leverages blockchain technology to ensure transparency, security, and efficiency in all transactions. With traditional financial systems often mired in complexity and exclusivity, VAUL3 seeks to break down these barriers, offering tools that make sophisticated financial strategies accessible to all. The platform's innovative approach is anchored in simplicity and user empowerment. By providing no-code tools, VAUL3 allows both creators and investors to engage with the platform regardless of their technical expertise. Whether you're an experienced DeFi strategist or a newcomer to the space, VAUL3 equips you with everything needed to succeed in a decentralized financial ecosystem. For creators, VAUL3 offers streamlined fundraising processes, automated fund management through smart contracts, and advanced analytics to refine strategies and optimize performance. Investors, on the other hand, benefit from diverse investment opportunities tailored to various risk profiles, comprehensive risk mitigation features, and real-time performance tracking to monitor and manage their portfolios effectively. Launching the $VAUL3 Token: A Strategic Investment Opportunity As part of its platform launch, VAUL3 is excited to announce the presale of its native utility token, $VAUL3. This token is designed to be the engine that drives the VAUL3 ecosystem, facilitating transactions, incentivizing participation, and enabling access to premium features and governance roles within the platform. The $VAUL3 token presale represents a significant opportunity for early investors to participate in the platform’s growth from the outset. Priced at an advantageous rate, the first round of the presale is set at $0.0064 per token. Presale 1 Details Total Supply: 999,999,999 $VAUL3 tokens
Presale 1 Supply: 39,999,999 $VAUL3 tokens
Price: $0.0064 per token
Minimum Investment: $100
Maximum Investment: $49,000 This initial presale is a pivotal moment for those looking to be part of the next wave of financial innovation. The tokenomics of $VAUL3 have been meticulously designed to create long-term value for all participants. Subsequent presale rounds will see an increase in token price, reflecting the growing value and utility of the $VAUL3 token as the platform expands. A Vision for Long-Term Growth and Value Creation The launch of VAUL3 is not just about introducing a new platform; it’s about setting the stage for the future of decentralized finance. The VAUL3 ecosystem is built with scalability and sustainability in mind, ensuring that it can grow alongside its user base and continue to offer value well into the future. “VAUL3 is set to redefine how individuals and institutions engage with yield strategies, providing a platform that is as secure as it is accessible,” said CEO & Co-founder of VAUL3. “Our presale is a unique opportunity for investors to get in on the ground floor of a platform poised to make a significant impact in the DeFi space. We are excited to see how our community will grow and evolve as we continue to innovate and push the boundaries of what’s possible in finance.” Join the Revolution in Decentralized Finance The VAUL3 team invites investors, creators, and the broader financial community to join in this groundbreaking initiative. With the launch of the $VAUL3 token presale, there has never been a better time to become part of a platform that is set to redefine the future of finance. Secure your $VAUL3 tokens today and be part of the future of finance. For more information on the presale and to join our growing community, visit www.vaul3.com/vaul3-token This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. VAUL3 proudly unveils its innovative peer-to-peer (P2P) smart saving ecosystem , a platform designed to bridge the gap between traditional finance and the rapidly evolving decentralized finance (DeFi) landscape. As financial markets continue to adapt to the digital age, VAUL3 is poised to lead this transformation with a mission to democratize financial growth, empowering users to create, manage, and invest in yield strategies with unprecedented ease and security. VAUL3 VAUL3 peer-to-peer (P2P) smart saving ecosystem peer-to-peer (P2P) smart saving ecosystem The Future of Finance: VAUL3 ’s Vision and Innovation At the core of VAUL3 is a user-centric platform that leverages blockchain technology to ensure transparency, security, and efficiency in all transactions. With traditional financial systems often mired in complexity and exclusivity, VAUL3 seeks to break down these barriers, offering tools that make sophisticated financial strategies accessible to all. The platform's innovative approach is anchored in simplicity and user empowerment. By providing no-code tools, VAUL3 allows both creators and investors to engage with the platform regardless of their technical expertise. Whether you're an experienced DeFi strategist or a newcomer to the space, VAUL3 equips you with everything needed to succeed in a decentralized financial ecosystem. For creators, VAUL3 offers streamlined fundraising processes, automated fund management through smart contracts, and advanced analytics to refine strategies and optimize performance. Investors, on the other hand, benefit from diverse investment opportunities tailored to various risk profiles, comprehensive risk mitigation features, and real-time performance tracking to monitor and manage their portfolios effectively. Launching the $VAUL3 Token: A Strategic Investment Opportunity As part of its platform launch, VAUL3 is excited to announce the presale of its native utility token, $VAUL3 . This token is designed to be the engine that drives the VAUL3 ecosystem, facilitating transactions, incentivizing participation, and enabling access to premium features and governance roles within the platform. $VAUL3 $VAUL3 The $VAUL3 token presale represents a significant opportunity for early investors to participate in the platform’s growth from the outset. Priced at an advantageous rate, the first round of the presale is set at $0.0064 per token. Presale 1 Details Total Supply: 999,999,999 $VAUL3 tokens Presale 1 Supply: 39,999,999 $VAUL3 tokens Price: $0.0064 per token Minimum Investment: $100 Maximum Investment: $49,000 Total Supply: 999,999,999 $VAUL3 tokens Presale 1 Supply: 39,999,999 $VAUL3 tokens Price: $0.0064 per token Minimum Investment: $100 Maximum Investment: $49,000 This initial presale is a pivotal moment for those looking to be part of the next wave of financial innovation. The tokenomics of $VAUL3 have been meticulously designed to create long-term value for all participants. Subsequent presale rounds will see an increase in token price, reflecting the growing value and utility of the $VAUL3 token as the platform expands. A Vision for Long-Term Growth and Value Creation The launch of VAUL3 is not just about introducing a new platform; it’s about setting the stage for the future of decentralized finance. The VAUL3 ecosystem is built with scalability and sustainability in mind, ensuring that it can grow alongside its user base and continue to offer value well into the future. “VAUL3 is set to redefine how individuals and institutions engage with yield strategies, providing a platform that is as secure as it is accessible,” said CEO & Co-founder of VAUL3. “Our presale is a unique opportunity for investors to get in on the ground floor of a platform poised to make a significant impact in the DeFi space. We are excited to see how our community will grow and evolve as we continue to innovate and push the boundaries of what’s possible in finance.” Join the Revolution in Decentralized Finance The VAUL3 team invites investors, creators, and the broader financial community to join in this groundbreaking initiative. With the launch of the $VAUL3 token presale, there has never been a better time to become part of a platform that is set to redefine the future of finance. Secure your $VAUL3 tokens today and be part of the future of finance. For more information on the presale and to join our growing community, visit www.vaul3.com/vaul3-token www.vaul3.com/vaul3-token www.vaul3.com/vaul3-token This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here . here here

VAUL3 Announces the Launch of Its P2P Smart Saving Ecosystem and $VAUL3 Token Presale

VAUL3 তার P2P স্মার্ট সেভিং ইকোসিস্টেম এবং $VAUL3 টোকেন প্রিসেল চালু করার ঘোষণা দিয়েছে

VAUL3 gibt den Start seines P2P-Smart-Saving-Ökosystems und den Vorverkauf des $VAUL3-Tokens bekannt

VAUL3 anuncia el lanzamiento de su ecosistema de ahorro inteligente P2P y la preventa del token $VAUL3

VAUL3 annonce le lancement de son écosystème d'épargne intelligent P2P et la prévente du jeton $VAUL3

VAUL3 ने अपने P2P स्मार्ट सेविंग इकोसिस्टम और $VAUL3 टोकन प्रीसेल के लॉन्च की घोषणा की

VAUL3 が P2P スマート貯蓄エコシステムと $VAUL3 トークンの先行販売の開始を発表

VAUL3, P2P 스마트 저축 생태계 출시 및 $VAUL3 토큰 사전 판매 발표

VAUL3 anuncia o lançamento de seu ecossistema de economia inteligente P2P e pré-venda do token $VAUL3

VAUL3 объявляет о запуске своей экосистемы интеллектуальных сбережений P2P и предварительной продаже токенов $VAUL3

VAUL3, P2P Akıllı Tasarruf Ekosisteminin ve $VAUL3 Token Ön Satışının Başlatıldığını Duyurdu

VAUL3 công bố ra mắt hệ sinh thái tiết kiệm thông minh P2P và đợt bán trước token $VAUL3

VAUL3 宣布推出 P2P 智能储蓄生态系统并启动 $VAUL3 代币预售

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

A Game-Changer for On-chain Borrowers The launch of Credit Vaults aims to address the growing demand for stable and accessible credit among new on-chain entities, like fintech and payment companies. These borrowers are given the ability to design their own terms, which includes the ability to choose their own interest rates and payback schedules, which is one of the distinguishing characteristics of Credit Vaults. In addition, this model guarantees greater annual percentage yields (APYs) for lenders due to its full utilisation, which makes it a profitable choice for all parties involved in the relationship. Morgan Krupetsky of Ava Labs shared, “Avalanche is the ideal platform to support the launch of Clearpool’s Credit Vaults. The collaboration with Clearpool showcases a mutual commitment to developing innovative digital financial products and a shared focus on bringing tokenized assets and greater utility into the Avalanche ecosystem.” Transforming Fintech Lending: Introducing Short-term, Liquid Options Banxa teamed up with Clearpool to create the first Credit Vault. This will let Banxa borrow up to 5 million USDT. This agreement is very important because it lets lenders use a unique seven-day payback choice and get extra AVAX token benefits. The easy availability and flow of money is one of the main issues in the field of autonomous finance. This tool solves the issue and sets a new standard for adaptability and effectiveness. Leading the Charge Banxa, a key player in the crypto infrastructure space, has embraced the flexibility and opportunities provided by Clearpool's Credit Vaults. "Clearpool's Credit Vaults offer us the flexibility to meet our liquidity requirements," said Holger Arians, CEO of Banxa, highlighting the importance of customizable terms and the potential to attract a broader lender base. Cauris, specializing in private credit for fintech companies, plays a crucial role in managing the Credit Vault, emphasizing security and integrity in the system's design. Credit Vaults, which were added by Clearpool to Avalanche, are a major step forward in on-chain banking. Clearpool is not only meeting the needs of the market right now by making credit options more open, easy to get to, and effective, but they are also actively shaping the future of DeFi loans. This new way of doing things is likely to bring even more institutional and fintech players to the platform, making Clearpool even more of a star in the decentralised finance credit market. The announcement that Clearpool has recently made on its most recent initiative, which is the expansion into the Avalanche platform, as well as the release of a cutting-edge product known as Credit Vaults, is a big step forward for the company. Through this strategic choice, Clearpool is able to expand its horizons inside the DeFi market, marking the beginning of a new chapter for the company. Clearpool at the Forefront The launch of the Credit Vaults is a significant milestone, establishing Clearpool as a leader in the rapidly evolving DeFi space. The platform's ability to attract over 20 institutions for borrowing, including giants like Jane Street, underscores the growing interest and confidence in Clearpool’s offerings. Jakob Kronbichler, CEO & Co-founder of Clearpool, stated, “Launching Credit Vaults on Avalanche marks a major milestone for Clearpool and the RWA sector as we pioneer migrating credit on-chain.” Don’t forget to like and share the story! Image credits: Shubham's Web3 Vested Interest Disclosure: This author is an independent contributor publishing via our brand-as-author program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR

Clearpool Revolutionizes DeFi Lending with Credit Vaults on Avalanche

ক্লিয়ারপুল তুষারপাতের উপর ক্রেডিট ভল্টের সাথে ডিফাই ঋণের বিপ্লব ঘটায়

Clearpool revolutioniert die DeFi-Kreditvergabe mit Credit Vaults auf Avalanche

Clearpool revoluciona los préstamos DeFi con bóvedas de crédito en Avalanche

Clearpool révolutionne les prêts DeFi avec des coffres-forts de crédit sur Avalanche

क्लियरपूल ने एवलांच पर क्रेडिट वॉल्ट के साथ DeFi लेंडिंग में क्रांति ला दी

Clearpool が Avalanche の Credit Vault で DeFi 融資に革命を起こす

Clearpool은 Avalanche의 신용 금고를 통해 DeFi 대출에 혁명을 일으켰습니다.

Clearpool revoluciona empréstimos DeFi com cofres de crédito no Avalanche

Clearpool совершает революцию в кредитовании DeFi с помощью кредитных хранилищ на Avalanche

Clearpool, Avalanche'ta Kredi Kasaları ile DeFi Kredilendirmesinde Devrim Yaratıyor

Clearpool cách mạng hóa hoạt động cho vay DeFi bằng kho tín dụng trên Avalanche

Clearpool 利用 Avalanche 上的信用库彻底改变了 DeFi 借贷

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