Contacts<\/h5>\n\n\n\n- Press<\/strong><\/li>
- [email protected]<\/strong><\/li><\/ul>\n","post_title":"Flare Receives Algorand Foundation SupaGrant to Develop Bitcoin Bridge","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"flare-receives-algorand-foundation-supagrant-to-develop-bitcoin-bridge","to_ping":"","pinged":"","post_modified":"2022-09-13 22:21:50","post_modified_gmt":"2022-09-13 12:21:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4616","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4363,"post_author":"2","post_date":"2022-04-15 18:00:54","post_date_gmt":"2022-04-15 08:00:54","post_content":"\n
New York, NY, 15th April, 2022, Chainwire<\/strong><\/span><\/p>
Swappi<\/a>, a new AMM-based decentralized exchange (DEX), today launched on Conflux, the only regulatory compliant public blockchain network in China. With the launch of Swappi, Conflux users have a new DEX to swap, stake, and earn yields on their crypto assets. Swappi has already reached $25 million in Total Value Locked (TVL) at the time of launch.\u00a0<\/p>\n![\"\"](\"https:\/\/i0.wp.com\/www.thedistributed.co\/wp-content\/uploads\/2022\/04\/swappi2new_1649989041VVvCn6f6MP.jpg?fit=1024%2C754&ssl=1\")
Swappi is the very first DEX to launch on eSpace, an EVM-compatible smart contract execution environment that allows developers to deploy and execute Ethereum-native dApps and smart contracts within the Conflux ecosystem. As an AMM-based DEX, Swappi lets users trade in a fully decentralized environment without registering or creating an account, enabling anyone to start trading within seconds.\u00a0<\/p>\n
By deploying on a permissionless layer 1 blockchain with significantly lower transaction costs compared to other chains like Ethereum, Swappi is able to provide users with the lowest fees of any top DEX at 0.25%. At launch, supported assets include Conflux\u2019s native token CFX, ETH, USDT, WBTC, and PPI.<\/p>\n
Swappi aims to build the most robust DeFi ecosystem on Conflux, with plans to expand its offerings to give users more opportunities to earn.\u00a0<\/p>\n
Swappi V1, the current iteration of the DEX, enables the following features:<\/p>\n
- Swap\u2013 Swap between any two listed token pairs provided there is enough liquidity. \u00a0<\/li>\n
- Liquidity Pools\u2013 Add and remove liquidity, and receive LP tokens.<\/li>\n
- Yield Farming\u2013 Stake your LP tokens to earn rewards in PPI. \u00a0<\/li>\n
- Staking\u2013 Stake your PPI tokens for longer to earn boosted rewards in PPI. \u00a0<\/li>\n
- Playground\u2013 Participate in lotteries and prediction markets.\u00a0<\/li>\n<\/ul>
Further, on the roadmap, Swappi plans to enable IFOs. DAO voting, dual mining staking pools, stablecoin LP swaps, NFT trading, and much more.\u00a0<\/p>\n
Earning PPI Tokens<\/b><\/p>\n
Swappi\u2019s exchange token PPI can be earned through yield farms with extremely competitive interest rates unlocked by staking PPI and LP (liquidity pool) tokens.<\/p>\n
- Stake LP tokens and earn PPI with slightly more exposure to market fluctuations in exchange for higher APYs. \u00a0<\/li>\n
- Boost PPI returns by staking more PPI.<\/li>\n
- Stake tokens in LP to earn PPI, even if a trading pair is not supported on the Farms.<\/li>\n
- Boost PPI Rewards from Yield farm by locking PPI.<\/li>\n<\/ul>
PPI can also be won by playing games and participating in trading events, lotteries, and other community activities.<\/p>\n
About Swappi<\/b><\/p>\n
Swappi is a non-custodial platform that lets users trade directly from their wallet of choice and retain 100% ownership of their crypto. Built on open-sourced software, Swappi\u2019s dApps and smart contracts are also publicly visible for maximum transparency.\u00a0<\/p>\n
Swappi smart contracts have been audited by CertiK, the leading security-focused ranking platform to analyze and monitor blockchain protocols and DeFi projects.<\/p>\n
To stay up to date on the latest, follow Swappi on Twitter<\/a>, Telegram<\/a>, or visit https:\/\/swappi.io<\/a> \/.\u00a0<\/p>
Contacts<\/h5>- Jeff Davidson<\/strong><\/li>
- [email protected]<\/strong><\/li><\/ul>\n","post_title":"Swappi Launches as the First DEX on Conflux \u2018eSpace\u2019 with $25M in TVL","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"swappi-launches-as-the-first-dex-on-conflux-espace-with-25m-in-tvl","to_ping":"","pinged":"","post_modified":"2022-09-13 22:24:45","post_modified_gmt":"2022-09-13 12:24:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4363","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4355,"post_author":"2","post_date":"2022-04-15 02:57:21","post_date_gmt":"2022-04-14 16:57:21","post_content":"\n
Miami, FL, United States, 14th April, 2022, Chainwire<\/strong><\/span><\/p>
Developers of Accumulate are announcing the highly anticipated release of the Accumulate Whitepaper<\/a>.\u00a0\u00a0<\/p>\nThe document provides a detailed look at Accumulate\u2019s identity-based, delegated proof-of-stake blockchain solution and how it plans to achieve its mission to create a universal communication and audit layer for individuals, entities, and blockchains to transact with each other using Accumulate Digital Identifiers or ADIs.<\/p>\n
Through cutting-edge innovations in blockchain interoperability, scalability, and modular design, Accumulate is forging a new path for the decentralization of the traditional economy and the onboarding of millions of individuals and entities to the Web3 space.\u00a0 \u00a0<\/p>\n
Point 1 \u2013 Identity & Key Management\u00a0<\/b><\/p>\n
Accumulate Digital Identifiers or ADIs are human-readable addresses similar to website URLs that are chosen by individuals or assigned by organizations to represent their presence on the blockchain. Digital identifiers refer to a system for assigning unique digital identities to assets, individuals, or entities on the blockchain.\u00a0<\/p>\n
ADIs enable more flexibility and deployment of complex operations by issuing a hierarchy of keys with different permissions or levels of security.\u00a0\u00a0<\/p>\n![\"\"](\"https:\/\/i0.wp.com\/www.thedistributed.co\/wp-content\/uploads\/2022\/04\/test_1649947292Tug5A2T28V.jpg?fit=1160%2C203&ssl=1\")
This allows entities operating on the blockchain to more easily build standardized yet scalable protocols for other entities to interact with and exchange sensitive information with them based on their access permissions for specific data sets.\u00a0\u00a0\u00a0<\/p>\n
Using ADIs, Accumulate can serve as the de-facto communication and audit layer between blockchains, enabling the seamless transfer of tokens or other kinds of digital assets between ADIs across different chains regardless of their consensus mechanism.<\/p>\n
Point 2 \u2013 Solving the scalability trilemma through a unique modular blockchain architecture<\/b><\/p>\n
A modular blockchain architecture separates the transaction execution, network consensus, and data availability functions of a blockchain into various specialized components through the use of sidechains, shards, and layer 2 scaling solutions.\u00a0<\/i><\/p>\n
Accumulate was born out of the understanding that designing a modular architecture is the only way to truly solve the blockchain scalability trilemma.\u00a0<\/p>\n
According to the whitepaper, \u201cAccumulate by-passes the trilemma of security, scalability, and decentralization by implementing a chain-of-chains architecture in which digital identities with the ability to manage keys, tokens, data, and other identities are treated as their own independent blockchains.\u201d<\/i><\/p>\n
Each ADI is made up of a collection of independent sub-chains that are managed by 4 account types:\u00a0<\/p>\n
- Token Accounts:\u00a0\n
- For issuing tokens and tracking deposits and withdrawals from a token account.\u00a0<\/li>\n <\/ul><\/li>\n
- Data Accounts:\u00a0\n
- For tracking and organizing data approved by an ADI<\/li>\n <\/ul><\/li>\n
- Staking Accounts:\u00a0\n
- For staking Accumulate\u2019s ACME tokens to participate in consensus and secure the network\u00a0<\/li>\n <\/ul><\/li>\n
- Scratch Accounts:\u00a0\n
- For accruing data that is needed to build consensus across the Accumulate network and enabling the coordination of multisig validation.\u00a0\u00a0<\/li>\n <\/ul><\/li>\n<\/ul>
Accumulate also features Block Validator Networks or BVNs, which are responsible for producing hashes of data that are tied together and summarized by a Directory Network (DN).\u00a0<\/p>\n
The DN\u00a0 is a central network that consolidates the records of all transactions that occur between the 4 ADI accounts and their various sub-chains, thereby allowing Accumulate to maintain a single unified state, even while existing as many fragmented networks running in parallel.\u00a0<\/p>\n\n![\"\"](\"https:\/\/i0.wp.com\/www.thedistributed.co\/wp-content\/uploads\/2022\/04\/test_1649947356PYLP4ZaIzJ.jpg?fit=1160%2C362&ssl=1\")
Point 3 \u2013 Data Anchoring\u00a0<\/b><\/p>\n
Data security is a critical component of the scalability trilemma that is often overlooked.<\/p>\n
Through a process called \u2018Anchoring\u2019, Accumulate is able to backup transaction data that is recorded on Accumulate to more decentralized layer 1 blockchains like Bitcoin and Ethereum.\u00a0<\/p>\n
With Anchoring, a cryptographic proof or hash containing batches of Accumulate transactions from across the entire network is inserted into the Bitcoin or Ethereum blockchain and validated by miners on those networks. This is the equivalent of backing up your data on multiple hard drives that each have their own unique security system.<\/p>\n
According to the whitepaper, \u201cAnchoring essentially buys the security of a larger network at a cost that is independent of the number of transactions. For example, a root hash derived from 10,000 transactions can be anchored into Bitcoin at the cost of a single Bitcoin transaction.\u201d\u00a0<\/i>\u00a0<\/p>\n![\"\"](\"https:\/\/i0.wp.com\/www.thedistributed.co\/wp-content\/uploads\/2022\/04\/test_1649947390OARAM9nXOs.jpg?fit=1160%2C740&ssl=1\")
Point 4 \u2013 Tokenomics<\/b><\/p>\n
Accumulate native token (ACME) has a maximum supply of 500 million and is distributed as a block reward to stakers and validators of the Accumulate network.\u00a0<\/p>\n
ACME also carries deflationary properties, as portions of the tokens supply are burned whenever a new ADI is generated using \u2018Credits\u2019 which are separate utility tokens used to pay for services on the Accumulate network that can only be minted by burning ACME.\u00a0<\/p>\n
Credits are non-transferable tokens with a fixed USD value. This means that enterprise customers can leverage them for use within the Accumulate network without worrying about regulatory compliance issues. Credits also allow companies to track predictable costs long-term by using Credits as the denominator asset for all settled transactions.\u00a0\u00a0\u00a0<\/p>\n
Accumulate\u2019s \u2018Burn and Mint\u2019 Equilibrium model is designed to enable ACME tokens to recycle through the Accumulate ecosystem and create value in a variety of ways for multiple stakeholders.\u00a0<\/p>\n
ACME tokens are burned to produce Credits which are used to purchase ADIs as well as other goods and services. Burned ACME tokens are then sent to an unissued pool, where they are released back into the network through minting as block rewards.<\/p>\n
A portion of the reissued ACME tokens are rewarded to stakers and validators, while the rest goes towards supporting community development funds and issuing grants to fund new projects on the network.\u00a0<\/p>\n
Like the Bitcoin network, ACME block rewards will steadily decrease over time as the burn rate increases due to more Credits being minted to pay for ADIs. This tokenomic model should encourage ACME holders to participate in staking by locking up their tokens, driving even more long-term value for ACME.\u00a0<\/p>\n
Point 5 \u2013 Use Cases\u00a0<\/b><\/p>\n
The use cases that can be applied on the Accumulate network span a multitude of products, customer types, and industries, from healthcare and supply chains to Defi, NFTs, and the metaverse. A key area of focus is to enable enterprises to adopt ADIs in order to leverage decentralized protocols in order to bridge real-world assets onto the blockchain and participate in Defi while still being regulatory compliant.\u00a0\u00a0<\/p>\n
Examples of this include:<\/p>\n
Bringing transparency to the Supply Chain process\u00a0\u00a0<\/b><\/p>\n
As an example, Accumulate can resolve problems with a lack of transparency in tracking drug production and transportation by enabling seamless communication across disparate centralized databases and blockchains using ADIs for everything from individual drug products and digital documents to transport authorities, retail stores and even IoT devices that monitor perishable goods.\u00a0<\/p>\n
This enables existing blockchain consortiums consisting of one group of drug development stakeholders to share information with other retailers, regulators, or consumers without incurring any significant costs.<\/p>\n
Enabling better control of Patient Medical Records<\/b><\/p>\n
The Accumulate key management system allows patients to replace the entities assigned to prior keys with new entities, or to issue new keys and revoke access to old ones, all without needing to create a new ADI.\u00a0<\/p>\n
In addition, the owner of an ADI can create multiple accounts and sub-identities based on a hierarchy of keys that give sub-identity owners custom access to certain data. For example, patients could map out a hierarchy of relevant stakeholders who need access to different types of medical data; from their primary care physician to their insurance provider, or for one-off cases where a user has to provide specific healthcare data to an immigration agency in order to visit a new country.<\/p>\n
Onboarding the Corporate World to DeFi\u00a0<\/b><\/p>\n
Using Accumulate, corporations can more easily translate traditional asset valuation techniques into the digital realm by assigning unique ADIs to corporate assets (land, machinery, invoices, patents, etc) according to their appropriate classification (convertibility, physical existence, usage) and classification sub-type.\u00a0\u00a0<\/p>\n
Each classification could come with its own set of lending rates, compliance conditions, or access permissions (e.g only corporations with a certain level of creditworthiness or within certain geography can borrow these assets).<\/p>\n
These rules could be embedded into smart contract code to allow more efficient and scalable deployment of these assets within the network.\u00a0<\/p>\n
Improve Liquidity Sourcing in the Metaverse<\/b><\/p>\n
The aggregation of various DeFi and NFT marketplaces under a single ADI-enabled communication layer creates an opportunity for liquidity to be more easily injected into the system in order to provide buyers and sellers with the best prices to enter and exit their positions within the metaverse. Large financial institutions such as banks or hedge funds can leverage the Accumulate network to put significant amounts of capital to work that can be used to provide liquidity and facilitate market-making amongst consolidated NFT, cryptocurrency, and gaming assets from various blockchains.\u00a0<\/p>\n
Ultimately, the Accumulate network is combining the best aspects of blockchain scalability, interoperability, modular design, and decentralized identity to create a truly novel solution that will onboard the traditional economy unto Web3 while enabling a multichain ecosystem to thrive under the ADI system.\u00a0\u00a0<\/p>\n
About Accumulate<\/b><\/p>\n
Accumulate emerged as a successor to the Factom protocol, forking its code to create a brand new network in November 2021. Factom was launched in 2014 as one of the earliest layer-2 blockchain protocols, serving as an alternative to the direct use of the Bitcoin blockchain for the management and organization of data.<\/p>\n
Accumulate adapts some of the features developed by Factom, including the modular \u2018chain of chains\u2019 architecture and data anchoring while innovating in other areas such as its emphasis on decentralized digital identifiers as the basis for all operations that occur on the Accumulate network.\u00a0<\/p>\n
The Accumulate network is designed by Paul Snow, who is also the Chief Blockchain Scientist at Inveniam and Defi Devs, the former CEO and chief architect of the Factom protocol and co-author of the Accumulate whitepaper alongside Kyle Michelson, Anjali Sridharan, Umut Can \u00c7abuk, Ethan Reesor, Ben Stolman, Drew Mailen, Dennis Bunfield, and Jay Smith.\u00a0<\/p>\n
Detailed in the whitepaper are several key developments that the Accumulate team has been working on to enable blockchain to onboard the next billion users.<\/p>\n
Learn more by reading the Accumulate Whitepaper<\/a>. \u00a0\u00a0<\/p>
Contacts<\/h5>President<\/strong>- Michael Creadon<\/strong><\/li>
- Inveniam DeFi Devs<\/strong><\/li>
- [email protected]<\/strong><\/li><\/ul>\n","post_title":"Accumulate Releases Whitepaper - An Identity-Based Blockchain Protocol with Cross-Chain Support, Human-Readable Addresses, and Key Management Capabilities","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"accumulate-releases-whitepaper-an-identity-based-blockchain-protocol-with-cross-chain-support-human-readable-addresses-and-key-management-capabilities","to_ping":"","pinged":"","post_modified":"2022-09-13 22:24:45","post_modified_gmt":"2022-09-13 12:24:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4355","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4346,"post_author":"2","post_date":"2022-04-15 00:05:21","post_date_gmt":"2022-04-14 14:05:21","post_content":"\n
-, -, 14th April, 2022, Chainwire<\/strong><\/span><\/p>
Oasis.app<\/u><\/a>, the platform enabling DeFi users to borrow and multiply their exposure to cryptocurrencies, as well as earn on their assets, has raised $6 million in funding during a Series A funding round led by Libertus Capital<\/u><\/a>. Other investors, including Road Capital and high profile angels in the DeFi space also contributed to the funding round. The $6 million in funding was received in both cash and crypto.\u00a0<\/p>\nThis funding follows the project\u2019s initial seed round of $5M from UDHC Finance<\/u><\/a> back in June 2021 when Oasis was taken out of the Maker Foundation as part of it\u2019s dissolution. \u00a0<\/p>\nThe Oasis.app team will utilize this latest funding to further develop their product offering, expand their team, and improve their brand identity.\u00a0<\/p>\n
\u201cWe\u2019re excited to partner with the Oasis team as they continue to build out products and tools that enable DeFi users to seamlessly and safely deploy their capital. \u00a0The Oasis team has so far built the no. 1 DeFi app to interact with the Maker Protocol. With this funding, we look forward to them bringing their world class smart contract and security expertise into the broader DeFi ecosystem\u201d, <\/i>said Libertus.<\/p>\n
\u201cIt's been an incredible journey so far. We're proving our vision of becoming the most trusted place in DeFi to deploy and manage capital. This latest funding allows Oasis.app to scale the features our community will be looking for next. As a team we are humbled to be working with such incredible investors who are already taking us forward with their experience of this space.\u00a0<\/i><\/p>\n
This is a big-time for DeFi as users are not only seeing the potential but finding the tech to access it. It's still early days for DeFi and we are excited to be driving the next phase of adoption.\u201d<\/i> Chris Bradbury, Oasis.app CEO\u00a0<\/p>\n
About Oasis.app<\/b>
<\/p>\n
Oasis.app is a platform for decentralized finance. This platform can be used to swap tokens, borrow Dai against your favorite cryptocurrencies or increase your exposure against them \u2014 all in one place. Recently, the Traded Volume on the Multiply<\/u><\/a> feature passed $1 Billion, after just 6 months from its release. The Oasis.app mission is to provide the most secure, trusted entry point to deploy your capital in DeFi. The team is made of passionate thinkers and builders driven to create a better user experience for all while being able to maximize returns.\u00a0<\/p>\nFor more information visit https:\/\/oasis.app.<\/u><\/a>
<\/p>
Contacts<\/h5>Marketing Lead<\/strong>- Maria Magenes<\/strong><\/li>
- Oasis.app<\/strong><\/li>
- [email protected]<\/strong><\/li><\/ul>\n","post_title":"DeFi Platform Oasis.app Raises $6M USD in Series A Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"defi-platform-oasis-app-raises-6m-usd-in-series-a-round","to_ping":"","pinged":"","post_modified":"2022-09-13 22:24:46","post_modified_gmt":"2022-09-13 12:24:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4346","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4341,"post_author":"3","post_date":"2022-04-14 23:17:54","post_date_gmt":"2022-04-14 13:17:54","post_content":"\n
Paris, France, 14th April, 2022, <\/strong><\/span><\/p>
Aleph.im<\/u><\/a>, a cross-blockchain decentralized storage and computing network, announced today that it will integrate with Tezos blockchain. In line with Aleph\u2019s previous integrations with blockchains like Solana, Ethereum, and Polygon, the Tezos integration will make it easy for developers building on the Tezos blockchain to seamlessly connect with Aleph\u2019s decentralized infrastructure. Tezos-based dApps and marketplaces will be able to utilize Aleph\u2019s distributed compute and storage nodes, and Tezos NFTs will gain an extra layer of built-in security and permanence through a native backup of corresponding metadata to Aleph\u2019s decentralized network.
<\/p>\nThe NFT market generated over $23 billion<\/u><\/a> in trading volume in 2021, and, as the rest of the cryptocurrency market has struggled in early 2022, the NFT space continues to grow in popularity. However, critics of the space are quick to point out that the vast majority of NFTs still direct the end user to data stored on cloud storage networks managed by centralized Web 2.0 corporations like Amazon and Oracle. Not only does this mean that an outage or interruption in service can cause an NFT to be temporarily inaccessible, but in the event a centralized cloud storage network provider were to cease to exist or go out of business, the lack of redundancy in traditional cloud architecture could potentially render crucial NFT metadata nonexistent. Aleph.im addresses these issues directly with their IPFS-connected NFT backup dApp<\/u><\/a> which \u2018pins\u2019 crucial NFT metadata more than 50 times to each core channel node of the aleph.im decentralized network.
<\/p>\nJonathan Schemoul, CEO and Founder of Aleph.im states, \u201cNFT artists, collectors, and traders are just beginning to learn about the risks associated with centralized NFT storage, and, although the details can be dense, it\u2019s likely that many have heard stories of NFTs disappearing or inaccessible. For this reason, we wanted to make it easy for anyone to use Aleph\u2019s NFT backup dApp, and this integration with Tezos has given us a chance to move one step closer to making NFT backup very easy for the average NFT owner.\u201d
<\/p>\n
Schemoul <\/b>acknowledges that typical modern cloud storage solutions are often designed with minimal downtime in mind, but adds, \u201cBy pinning copies of relevant metadata to core channel nodes in our network, our NFT backup dApp uses redundancy to curb risk, but in the case of Tezos, we will be integrating the $ALEPH token directly into Tezos NFTs, making it easy for end users to back up Tezos NFTs on the Aleph network.\u201d
<\/p>\n
Tezos has gained recognition for being one of the most eco-friendly blockchains through its liquid proof-of-stake consensus mechanism. Unlike other blockchains, Tezos consumes far less energy and provides a congestion-free and cost efficient method to mint, host, and trade NFTs. NFT marketplaces on Tezos will be able to use Aleph.im\u2019s decentralized storage solution to securely store NFTs and their metadata. According to Schemoul<\/b>, locked $ALEPH tokens embedded into the NFTs offer a simple mechanism designed to pay for storage on Aleph. On the other side, the Aleph.im network also provides a \u2018minimum wage\u2019 payment offered to node providers to ensure NFT storage resiliency. Additionally, burning Tezos NFTs will provide the holder with the $ALEPH tokens embedded in the NFT.
<\/p>\n
\u201cWe are very pleased to be able to collaborate with the Aleph team. The arrival of a new decentralized storage solution on Tezos will attract new entrepreneurs to build innovative projects,\u201d explains Hadrien Zerah, Managing Director at Nomadic Labs.<\/b>
<\/b><\/p>\n
Aleph.im most recently became a technology partner for Ubisoft to provide a decentralized storage solution for Ubisoft Quartz NFTs. Aleph.im has also integrated with several other major blockchains including Ethereum, Solana, and Polygon to provide unstoppable storage and indexing solutions. This mass migration to decentralized storage solutions like Aleph.im signals that Web3 as a whole is moving closer to ensuring all crucial data remains fully accessible indefinitely.
<\/p>\n
About Aleph.im: <\/b>\u00a0<\/b><\/p>\n
Aleph.im is a distributed cloud platform that provides serverless trusted computing services, file storage and database hosting to its users. Aleph.im offers a decentralized solution that could rival traditional centralized cloud computing. It provides dApps of any chain instant access to database solutions thanks to its scalable peer-to-peer network and programming language-agnostic interface. For more information visit aleph.im<\/u><\/a><\/p>\nExplore Aleph.im\u2019s indexing solution<\/u><\/a>, staking DApp<\/u><\/a>, and NFT & IPFS Backup dApp<\/u><\/a>.<\/p>\nFollow aleph.im on Twitter: @aleph_im<\/u><\/a><\/p>\nAbout Tezos:\u00a0<\/b><\/p>\n
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit www.tezos.com<\/u><\/a>.
\n\u00a0<\/p>
Contacts<\/h5>- Press<\/strong><\/li>
- [email protected]<\/strong><\/li><\/ul>\n","post_title":"Aleph.im Integrates with Tezos to Provide Resilient Storage Solution for NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"aleph-im-integrates-with-tezos-to-provide-resilient-storage-solution-for-nfts","to_ping":"","pinged":"","post_modified":"2022-09-13 22:24:47","post_modified_gmt":"2022-09-13 12:24:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4341","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4311,"post_author":"2","post_date":"2022-04-12 01:58:21","post_date_gmt":"2022-04-11 15:58:21","post_content":"Singapore, Singapore, 11th April, 2022, Chainwire<\/strong>\n\nDeFiChain<\/u><\/a>, the world\u2019s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, has officially activated the much-anticipated Fort Canning Road hard fork on its network at 4:36 AM CEST on Monday, April 11th on Block Height 1,785,960.\n\nThe Fort Canning Road hard fork marks the rollout of code upgrades that fix the premium pricing issue of dTokens. Due to a constantly high demand, the dTokens were trading at a 10-15% premium over the prices of corresponding stocks. It held investors back from going long on dTokens.\n\nU-Zyn Chua, Lead Researcher at DeFiChain, commented, \u201cBringing dTokens closer to their real world counterparts will make them significantly more attractive for investors and pave the way for the future adoption of DeFiChain. Additionally, the futures contracts offer lucrative arbitrage opportunities for traders<\/i>.\u201d\n\nThe dTokens are decentralized assets minted on the DeFiChain blockchain that mimic the prices of real-world stocks by tracking and reflecting a number of variable factors, and using oracles to capture those feeds. They give users price exposure, but not ownership, to the underlying assets without geographical restrictions and trading limits.\n\nThe Fort Canning Road hard fork brings futures contracts to keep the dToken prices within a +\/- 5% range of the corresponding shares traded in the real world. If the price of a dToken is further than 5% away from the real price, it gives DeFiChain users a low-risk, short-term arbitrage opportunity. It\u2019s because once a week, i.e. every 7*288 blocks, the price of each dToken is brought within the +\/- 5% range of the corresponding stock\u2019s price.\n\nIt offers a sneak peek into the Futures & Options trading that will arrive on DeFiChain later this year. Instead of artificially burning tokens and risking the system filling up with unsecured tokens, DeFiChain follows the strategy of offering futures-like trades. The feature offered in the Fort Canning Road update only serves to solve the problem of premium pricing of dTokens compared to their counterparts in the real world.\n\nAnother major upgrade arriving with the Fort Canning Road is that DeFiChain\u2019s native stablecoin<\/a> dUSD will be treated the same way as the mandatory 50% DFI in vaults with a fixed price of $0.99. It means users are no longer required to provide at least 50% of the collateral in the form of DFI while minting new dTokens. Now they can mint new dTokens by providing only dUSD as collateral. DFI is the native token of the DeFiChain blockchain.\n\nA dToken can either be held as an investment, traded on the DeFiChain DEX, or used for Liquidity Mining on the DEX. Users can mint dTokens on the DeFiChain blockchain by depositing BTC, DFI, dUSD, USDT or USDC as collateral in the DeFiChain Vault. Minting is not the only way to own decentralized assets, though. Users can also buy dTokens - even in fractional pieces - on the DeFiChain DEX.\n\nAbout DeFiChain<\/b>\n\nDeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation's mission is to bring DeFi to the Bitcoin ecosystem\n\nFor more information, visit: Website<\/u><\/a> | Twitter<\/u><\/a> | Discord<\/u><\/a> | GitHub<\/u><\/a>\n
Contacts<\/h5>\n\n \t- DefiChain<\/strong><\/li>\n \t
- [email protected]<\/strong><\/li>\n<\/ul>","post_title":"DeFiChain\u2019s Hotly Anticipated \u2018Fort Canning Road\u2019 Hard Fork Goes Live","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"defichains-hotly-anticipated-fort-canning-road-hard-fork-goes-live","to_ping":"","pinged":"","post_modified":"2022-09-13 22:24:49","post_modified_gmt":"2022-09-13 12:24:49","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4311","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4305,"post_author":"2","post_date":"2022-04-11 21:05:11","post_date_gmt":"2022-04-11 11:05:11","post_content":"Singapore, 11th April, 2022, Chainwire<\/strong>\n\nTiTi protocol announces a successful fundraising round of $3.5 million, led by Spartan Group<\/b>, with participation from SevenX Ventures, Incuba Alpha, DeFi Alliance, Agnostic Fund, Fourth Revolution Capital (4RCapital), Solidity Venture, and other institutions, as well as other individual investors including 0xb1 (Fold Finance), Tascha and Nipun (Alpha Venture DAO), and Michael (Fantom Foundation). The project was incubated by Alpha Venture DAO<\/b>. With this latest funding, TiTi Protocol aims to work with world-class investors to build the future of DeFi.\n
What is TiTi Protocol?<\/h2>\nTiTi Protocol is a fully decentralized, multi-asset reserve-backed<\/i>, use-to-earn <\/i>algorithmic stablecoin<\/a> that aims to provide diversified and decentralized financial services based on the crypto-native stablecoin system and autonomous monetary policy. Its unique design brings a new paradigm of algorithmic stablecoin solution to the decentralized finance (DeFi) and Web3 that combines the Multi-Assets-Reserve mechanism and the peg mechanism of the Reorders algorithm. By doing so, it aims to take over the torch of algorithmic stablecoins and bring a brand new solution to DeFi and Web3 ecology.\n\nTiTi Protocol's new use-to-earn token economic design will greatly boost algorithm stablecoin adoption and maximize the benefits for DeFi users, thus enabling the interoperability of algorithmic stablecoins with other DeFi projects. All this is only possible due to the research and experimentation of the TiTi Protocol team in DeFi, especially the algorithm stablecoin track that the team has been testing for several years. In no time, TiTi will be able to write a glorious chapter in the Algorithmic Stablecoin track and the whole DeFi world.\n\nFurthermore, the TiTi protocol is more than a stablecoin protocol; the stablecoin protocol is just the beginning. Its ultimate goal is to provide global users with diversified DeFi services based on the crypto-native stablecoin system and autonomous monetary policy.\nHow is TiTi different compared with other algo stablecoins?<\/h2>\nThe very nature of algorithmic stablecoins is to maintain a stable price by automatically adapting the stablecoin supply to meet demand. TiTi\u2019s most unique feature is that it can improve algorithmic stablecoins\u2019 liquidity and user adoption on the premise of ensuring stability. All of this can be achieved through several core innovation modules of TiTi:\n\n1. New stablecoin issuance paradigm, TiTi-AMMs, greatly boosts stablecoin on-chain liquidity, increases capital efficiency, and is free from impermanent loss.<\/b> It is the module where TiUSD is issued and burned, controlling TiUSD inflation and deflation. It is impermanence loss-free and has triple mining rewards, due to the unique liquidity rebalance algorithm. Stablecoin users need not to worry about their assets being liquidated. All they need to do is swap back and forth. Liquidity Providers don\u2019t need to open a position for TiUSD when they would like to participate in liquidity mining. Instread, they need to provide single sided liquidity to TiTi-AMMs, because the protocol will do the math and mint equal value of TiUSD for them, which will be stored in the trading pairs enhancing the liquidity. Due to the improved TiUSD liquidity features of the TiTi-AMM users can enjoy a wider array of liquidity options.\n\nTiTi can effectively mitigate single-point risks, because the stablecoin issued by the Protocol is always backed by corresponding crypto assets with more than $1, and this data is completely on-chain, transparent and easy to gain users\u2019 confidence.\n\nHowever, unlike the designs of Maker and Fei, it does so to allow all risk in the reserves to be dispersed. The Stablecoin is not relying entirely on custodial stablecoins, and maintaining some resilience even as the value of the reserves fluctuates and flexibility to survive. The cherry on top is that it can break the upper limit of the issuance of native cryptocurrencies.\n\n2. Multi-asset Reserve ensures stability and raises the upper limit for the issuance size. <\/b>To begin with, it needs to be clear that TiTi Protocol is not a pure algorithmic stablecoin. It is more like a decentralized, multiple crypto assets backed, not collateralized, stablecoin whose supply and demand is adjusted by an algorithm. Unlike Ampleforth and YAM, who are purely controlled by algorithms and rely entirely on the stability mechanism of the Game Theory, which cannot be durable and bears great potential risks. Instead of just using algorithm, each and every TiUSD, the stablecoin issued by TiTi Protocol, is supported by sufficient crypto Assets in the reserve, such as WBTC, ETH, USDC etc. and supported by the continuous yields from Rainy Day Fund. the robustness of the protocol in dealing with the risks of market fluctuations in Reserve Assets has been improved, allowing the protocol to introduce Multi Crypto Assets as Reserves, so this addresses two of the most important issues in the algo stablecoins race: stability and liquidity.\n\n![\"\"](\"https:\/\/i0.wp.com\/www.thedistributed.co\/wp-content\/uploads\/2022\/04\/the-rerders_1649571357Yf1oYxRhAz.jpg?fit=1160%2C599&ssl=1\")
\n\n3. The Reorders can cohesively make TiUSD pegging to $1 via reshape liquidity pairs value.<\/b> <\/b>TiTi maintains price anchoring dynamically and effectively adjusts the supply and demand of the primary and secondary markets of stablecoins through a new supply and demand algorithm, the Reorders. TiTi induces a peg coordination mechanism, which fosters high liquidity around the peg, while curtailing speculative attacks and bank run effects with Reorders and Rain Day Fund in case coordination breaks. Another unique function is that the Reorders can curtail speculative and arbitrage from taking transaction slippage. Instead, the Reorder will proactively collect the slippage and distribute to Rain Day Fund and Protocol fee, thus benefit protocol users rather than speculators.\n\nCompared with the current stablecoin pegging mechanism, e.g. the Rebase, Reweight, the Reorders\u2019 triggering conditions are more easily predictable and more precise. It can be triggered when TiUSD is 5% away from peg, or every 30 mins instead of 8hs, or 12hs, which are far too late to restore pegging and gain user confidence. TiTi\u2019s Multi-asset Reserve can be recapitalized or restored through Reorders. Because for each reorder, the slippage will be allocated to the Rain Day Fund, and will be distributed to Multi-asset Reserve subsequently.\n
New York, NY, 15th April, 2022, Chainwire<\/strong><\/span><\/p> Swappi<\/a>, a new AMM-based decentralized exchange (DEX), today launched on Conflux, the only regulatory compliant public blockchain network in China. With the launch of Swappi, Conflux users have a new DEX to swap, stake, and earn yields on their crypto assets. Swappi has already reached $25 million in Total Value Locked (TVL) at the time of launch.\u00a0<\/p>\n Swappi is the very first DEX to launch on eSpace, an EVM-compatible smart contract execution environment that allows developers to deploy and execute Ethereum-native dApps and smart contracts within the Conflux ecosystem. As an AMM-based DEX, Swappi lets users trade in a fully decentralized environment without registering or creating an account, enabling anyone to start trading within seconds.\u00a0<\/p>\n By deploying on a permissionless layer 1 blockchain with significantly lower transaction costs compared to other chains like Ethereum, Swappi is able to provide users with the lowest fees of any top DEX at 0.25%. At launch, supported assets include Conflux\u2019s native token CFX, ETH, USDT, WBTC, and PPI.<\/p>\n Swappi aims to build the most robust DeFi ecosystem on Conflux, with plans to expand its offerings to give users more opportunities to earn.\u00a0<\/p>\n Swappi V1, the current iteration of the DEX, enables the following features:<\/p>\n Further, on the roadmap, Swappi plans to enable IFOs. DAO voting, dual mining staking pools, stablecoin LP swaps, NFT trading, and much more.\u00a0<\/p>\n Earning PPI Tokens<\/b><\/p>\n Swappi\u2019s exchange token PPI can be earned through yield farms with extremely competitive interest rates unlocked by staking PPI and LP (liquidity pool) tokens.<\/p>\n PPI can also be won by playing games and participating in trading events, lotteries, and other community activities.<\/p>\n About Swappi<\/b><\/p>\n Swappi is a non-custodial platform that lets users trade directly from their wallet of choice and retain 100% ownership of their crypto. Built on open-sourced software, Swappi\u2019s dApps and smart contracts are also publicly visible for maximum transparency.\u00a0<\/p>\n Swappi smart contracts have been audited by CertiK, the leading security-focused ranking platform to analyze and monitor blockchain protocols and DeFi projects.<\/p>\n To stay up to date on the latest, follow Swappi on Twitter<\/a>, Telegram<\/a>, or visit https:\/\/swappi.io<\/a> \/.\u00a0<\/p> Miami, FL, United States, 14th April, 2022, Chainwire<\/strong><\/span><\/p> Developers of Accumulate are announcing the highly anticipated release of the Accumulate Whitepaper<\/a>.\u00a0\u00a0<\/p>\n The document provides a detailed look at Accumulate\u2019s identity-based, delegated proof-of-stake blockchain solution and how it plans to achieve its mission to create a universal communication and audit layer for individuals, entities, and blockchains to transact with each other using Accumulate Digital Identifiers or ADIs.<\/p>\n Through cutting-edge innovations in blockchain interoperability, scalability, and modular design, Accumulate is forging a new path for the decentralization of the traditional economy and the onboarding of millions of individuals and entities to the Web3 space.\u00a0 \u00a0<\/p>\n Point 1 \u2013 Identity & Key Management\u00a0<\/b><\/p>\n Accumulate Digital Identifiers or ADIs are human-readable addresses similar to website URLs that are chosen by individuals or assigned by organizations to represent their presence on the blockchain. Digital identifiers refer to a system for assigning unique digital identities to assets, individuals, or entities on the blockchain.\u00a0<\/p>\n ADIs enable more flexibility and deployment of complex operations by issuing a hierarchy of keys with different permissions or levels of security.\u00a0\u00a0<\/p>\n This allows entities operating on the blockchain to more easily build standardized yet scalable protocols for other entities to interact with and exchange sensitive information with them based on their access permissions for specific data sets.\u00a0\u00a0\u00a0<\/p>\n Using ADIs, Accumulate can serve as the de-facto communication and audit layer between blockchains, enabling the seamless transfer of tokens or other kinds of digital assets between ADIs across different chains regardless of their consensus mechanism.<\/p>\n Point 2 \u2013 Solving the scalability trilemma through a unique modular blockchain architecture<\/b><\/p>\n A modular blockchain architecture separates the transaction execution, network consensus, and data availability functions of a blockchain into various specialized components through the use of sidechains, shards, and layer 2 scaling solutions.\u00a0<\/i><\/p>\n Accumulate was born out of the understanding that designing a modular architecture is the only way to truly solve the blockchain scalability trilemma.\u00a0<\/p>\n According to the whitepaper, \u201cAccumulate by-passes the trilemma of security, scalability, and decentralization by implementing a chain-of-chains architecture in which digital identities with the ability to manage keys, tokens, data, and other identities are treated as their own independent blockchains.\u201d<\/i><\/p>\n Each ADI is made up of a collection of independent sub-chains that are managed by 4 account types:\u00a0<\/p>\n Accumulate also features Block Validator Networks or BVNs, which are responsible for producing hashes of data that are tied together and summarized by a Directory Network (DN).\u00a0<\/p>\n The DN\u00a0 is a central network that consolidates the records of all transactions that occur between the 4 ADI accounts and their various sub-chains, thereby allowing Accumulate to maintain a single unified state, even while existing as many fragmented networks running in parallel.\u00a0<\/p>\n\n Point 3 \u2013 Data Anchoring\u00a0<\/b><\/p>\n Data security is a critical component of the scalability trilemma that is often overlooked.<\/p>\n Through a process called \u2018Anchoring\u2019, Accumulate is able to backup transaction data that is recorded on Accumulate to more decentralized layer 1 blockchains like Bitcoin and Ethereum.\u00a0<\/p>\n With Anchoring, a cryptographic proof or hash containing batches of Accumulate transactions from across the entire network is inserted into the Bitcoin or Ethereum blockchain and validated by miners on those networks. This is the equivalent of backing up your data on multiple hard drives that each have their own unique security system.<\/p>\n According to the whitepaper, \u201cAnchoring essentially buys the security of a larger network at a cost that is independent of the number of transactions. For example, a root hash derived from 10,000 transactions can be anchored into Bitcoin at the cost of a single Bitcoin transaction.\u201d\u00a0<\/i>\u00a0<\/p>\n Point 4 \u2013 Tokenomics<\/b><\/p>\n Accumulate native token (ACME) has a maximum supply of 500 million and is distributed as a block reward to stakers and validators of the Accumulate network.\u00a0<\/p>\n ACME also carries deflationary properties, as portions of the tokens supply are burned whenever a new ADI is generated using \u2018Credits\u2019 which are separate utility tokens used to pay for services on the Accumulate network that can only be minted by burning ACME.\u00a0<\/p>\n Credits are non-transferable tokens with a fixed USD value. This means that enterprise customers can leverage them for use within the Accumulate network without worrying about regulatory compliance issues. Credits also allow companies to track predictable costs long-term by using Credits as the denominator asset for all settled transactions.\u00a0\u00a0\u00a0<\/p>\n Accumulate\u2019s \u2018Burn and Mint\u2019 Equilibrium model is designed to enable ACME tokens to recycle through the Accumulate ecosystem and create value in a variety of ways for multiple stakeholders.\u00a0<\/p>\n ACME tokens are burned to produce Credits which are used to purchase ADIs as well as other goods and services. Burned ACME tokens are then sent to an unissued pool, where they are released back into the network through minting as block rewards.<\/p>\n A portion of the reissued ACME tokens are rewarded to stakers and validators, while the rest goes towards supporting community development funds and issuing grants to fund new projects on the network.\u00a0<\/p>\n Like the Bitcoin network, ACME block rewards will steadily decrease over time as the burn rate increases due to more Credits being minted to pay for ADIs. This tokenomic model should encourage ACME holders to participate in staking by locking up their tokens, driving even more long-term value for ACME.\u00a0<\/p>\n Point 5 \u2013 Use Cases\u00a0<\/b><\/p>\n The use cases that can be applied on the Accumulate network span a multitude of products, customer types, and industries, from healthcare and supply chains to Defi, NFTs, and the metaverse. A key area of focus is to enable enterprises to adopt ADIs in order to leverage decentralized protocols in order to bridge real-world assets onto the blockchain and participate in Defi while still being regulatory compliant.\u00a0\u00a0<\/p>\n Examples of this include:<\/p>\n Bringing transparency to the Supply Chain process\u00a0\u00a0<\/b><\/p>\n As an example, Accumulate can resolve problems with a lack of transparency in tracking drug production and transportation by enabling seamless communication across disparate centralized databases and blockchains using ADIs for everything from individual drug products and digital documents to transport authorities, retail stores and even IoT devices that monitor perishable goods.\u00a0<\/p>\n This enables existing blockchain consortiums consisting of one group of drug development stakeholders to share information with other retailers, regulators, or consumers without incurring any significant costs.<\/p>\n Enabling better control of Patient Medical Records<\/b><\/p>\n The Accumulate key management system allows patients to replace the entities assigned to prior keys with new entities, or to issue new keys and revoke access to old ones, all without needing to create a new ADI.\u00a0<\/p>\n In addition, the owner of an ADI can create multiple accounts and sub-identities based on a hierarchy of keys that give sub-identity owners custom access to certain data. For example, patients could map out a hierarchy of relevant stakeholders who need access to different types of medical data; from their primary care physician to their insurance provider, or for one-off cases where a user has to provide specific healthcare data to an immigration agency in order to visit a new country.<\/p>\n Onboarding the Corporate World to DeFi\u00a0<\/b><\/p>\n Using Accumulate, corporations can more easily translate traditional asset valuation techniques into the digital realm by assigning unique ADIs to corporate assets (land, machinery, invoices, patents, etc) according to their appropriate classification (convertibility, physical existence, usage) and classification sub-type.\u00a0\u00a0<\/p>\n Each classification could come with its own set of lending rates, compliance conditions, or access permissions (e.g only corporations with a certain level of creditworthiness or within certain geography can borrow these assets).<\/p>\n These rules could be embedded into smart contract code to allow more efficient and scalable deployment of these assets within the network.\u00a0<\/p>\n Improve Liquidity Sourcing in the Metaverse<\/b><\/p>\n The aggregation of various DeFi and NFT marketplaces under a single ADI-enabled communication layer creates an opportunity for liquidity to be more easily injected into the system in order to provide buyers and sellers with the best prices to enter and exit their positions within the metaverse. Large financial institutions such as banks or hedge funds can leverage the Accumulate network to put significant amounts of capital to work that can be used to provide liquidity and facilitate market-making amongst consolidated NFT, cryptocurrency, and gaming assets from various blockchains.\u00a0<\/p>\n Ultimately, the Accumulate network is combining the best aspects of blockchain scalability, interoperability, modular design, and decentralized identity to create a truly novel solution that will onboard the traditional economy unto Web3 while enabling a multichain ecosystem to thrive under the ADI system.\u00a0\u00a0<\/p>\n About Accumulate<\/b><\/p>\n Accumulate emerged as a successor to the Factom protocol, forking its code to create a brand new network in November 2021. Factom was launched in 2014 as one of the earliest layer-2 blockchain protocols, serving as an alternative to the direct use of the Bitcoin blockchain for the management and organization of data.<\/p>\n Accumulate adapts some of the features developed by Factom, including the modular \u2018chain of chains\u2019 architecture and data anchoring while innovating in other areas such as its emphasis on decentralized digital identifiers as the basis for all operations that occur on the Accumulate network.\u00a0<\/p>\n The Accumulate network is designed by Paul Snow, who is also the Chief Blockchain Scientist at Inveniam and Defi Devs, the former CEO and chief architect of the Factom protocol and co-author of the Accumulate whitepaper alongside Kyle Michelson, Anjali Sridharan, Umut Can \u00c7abuk, Ethan Reesor, Ben Stolman, Drew Mailen, Dennis Bunfield, and Jay Smith.\u00a0<\/p>\n Detailed in the whitepaper are several key developments that the Accumulate team has been working on to enable blockchain to onboard the next billion users.<\/p>\n Learn more by reading the Accumulate Whitepaper<\/a>. \u00a0\u00a0<\/p> -, -, 14th April, 2022, Chainwire<\/strong><\/span><\/p> Oasis.app<\/u><\/a>, the platform enabling DeFi users to borrow and multiply their exposure to cryptocurrencies, as well as earn on their assets, has raised $6 million in funding during a Series A funding round led by Libertus Capital<\/u><\/a>. Other investors, including Road Capital and high profile angels in the DeFi space also contributed to the funding round. The $6 million in funding was received in both cash and crypto.\u00a0<\/p>\n This funding follows the project\u2019s initial seed round of $5M from UDHC Finance<\/u><\/a> back in June 2021 when Oasis was taken out of the Maker Foundation as part of it\u2019s dissolution. \u00a0<\/p>\n The Oasis.app team will utilize this latest funding to further develop their product offering, expand their team, and improve their brand identity.\u00a0<\/p>\n \u201cWe\u2019re excited to partner with the Oasis team as they continue to build out products and tools that enable DeFi users to seamlessly and safely deploy their capital. \u00a0The Oasis team has so far built the no. 1 DeFi app to interact with the Maker Protocol. With this funding, we look forward to them bringing their world class smart contract and security expertise into the broader DeFi ecosystem\u201d, <\/i>said Libertus.<\/p>\n \u201cIt's been an incredible journey so far. We're proving our vision of becoming the most trusted place in DeFi to deploy and manage capital. This latest funding allows Oasis.app to scale the features our community will be looking for next. As a team we are humbled to be working with such incredible investors who are already taking us forward with their experience of this space.\u00a0<\/i><\/p>\n This is a big-time for DeFi as users are not only seeing the potential but finding the tech to access it. It's still early days for DeFi and we are excited to be driving the next phase of adoption.\u201d<\/i> Chris Bradbury, Oasis.app CEO\u00a0<\/p>\n About Oasis.app<\/b> Oasis.app is a platform for decentralized finance. This platform can be used to swap tokens, borrow Dai against your favorite cryptocurrencies or increase your exposure against them \u2014 all in one place. Recently, the Traded Volume on the Multiply<\/u><\/a> feature passed $1 Billion, after just 6 months from its release. The Oasis.app mission is to provide the most secure, trusted entry point to deploy your capital in DeFi. The team is made of passionate thinkers and builders driven to create a better user experience for all while being able to maximize returns.\u00a0<\/p>\n For more information visit https:\/\/oasis.app.<\/u><\/a> Paris, France, 14th April, 2022, <\/strong><\/span><\/p> Aleph.im<\/u><\/a>, a cross-blockchain decentralized storage and computing network, announced today that it will integrate with Tezos blockchain. In line with Aleph\u2019s previous integrations with blockchains like Solana, Ethereum, and Polygon, the Tezos integration will make it easy for developers building on the Tezos blockchain to seamlessly connect with Aleph\u2019s decentralized infrastructure. Tezos-based dApps and marketplaces will be able to utilize Aleph\u2019s distributed compute and storage nodes, and Tezos NFTs will gain an extra layer of built-in security and permanence through a native backup of corresponding metadata to Aleph\u2019s decentralized network. The NFT market generated over $23 billion<\/u><\/a> in trading volume in 2021, and, as the rest of the cryptocurrency market has struggled in early 2022, the NFT space continues to grow in popularity. However, critics of the space are quick to point out that the vast majority of NFTs still direct the end user to data stored on cloud storage networks managed by centralized Web 2.0 corporations like Amazon and Oracle. Not only does this mean that an outage or interruption in service can cause an NFT to be temporarily inaccessible, but in the event a centralized cloud storage network provider were to cease to exist or go out of business, the lack of redundancy in traditional cloud architecture could potentially render crucial NFT metadata nonexistent. Aleph.im addresses these issues directly with their IPFS-connected NFT backup dApp<\/u><\/a> which \u2018pins\u2019 crucial NFT metadata more than 50 times to each core channel node of the aleph.im decentralized network. Jonathan Schemoul, CEO and Founder of Aleph.im states, \u201cNFT artists, collectors, and traders are just beginning to learn about the risks associated with centralized NFT storage, and, although the details can be dense, it\u2019s likely that many have heard stories of NFTs disappearing or inaccessible. For this reason, we wanted to make it easy for anyone to use Aleph\u2019s NFT backup dApp, and this integration with Tezos has given us a chance to move one step closer to making NFT backup very easy for the average NFT owner.\u201d Schemoul <\/b>acknowledges that typical modern cloud storage solutions are often designed with minimal downtime in mind, but adds, \u201cBy pinning copies of relevant metadata to core channel nodes in our network, our NFT backup dApp uses redundancy to curb risk, but in the case of Tezos, we will be integrating the $ALEPH token directly into Tezos NFTs, making it easy for end users to back up Tezos NFTs on the Aleph network.\u201d Tezos has gained recognition for being one of the most eco-friendly blockchains through its liquid proof-of-stake consensus mechanism. Unlike other blockchains, Tezos consumes far less energy and provides a congestion-free and cost efficient method to mint, host, and trade NFTs. NFT marketplaces on Tezos will be able to use Aleph.im\u2019s decentralized storage solution to securely store NFTs and their metadata. According to Schemoul<\/b>, locked $ALEPH tokens embedded into the NFTs offer a simple mechanism designed to pay for storage on Aleph. On the other side, the Aleph.im network also provides a \u2018minimum wage\u2019 payment offered to node providers to ensure NFT storage resiliency. Additionally, burning Tezos NFTs will provide the holder with the $ALEPH tokens embedded in the NFT. \u201cWe are very pleased to be able to collaborate with the Aleph team. The arrival of a new decentralized storage solution on Tezos will attract new entrepreneurs to build innovative projects,\u201d explains Hadrien Zerah, Managing Director at Nomadic Labs.<\/b> Aleph.im most recently became a technology partner for Ubisoft to provide a decentralized storage solution for Ubisoft Quartz NFTs. Aleph.im has also integrated with several other major blockchains including Ethereum, Solana, and Polygon to provide unstoppable storage and indexing solutions. This mass migration to decentralized storage solutions like Aleph.im signals that Web3 as a whole is moving closer to ensuring all crucial data remains fully accessible indefinitely. About Aleph.im: <\/b>\u00a0<\/b><\/p>\n Aleph.im is a distributed cloud platform that provides serverless trusted computing services, file storage and database hosting to its users. Aleph.im offers a decentralized solution that could rival traditional centralized cloud computing. It provides dApps of any chain instant access to database solutions thanks to its scalable peer-to-peer network and programming language-agnostic interface. For more information visit aleph.im<\/u><\/a><\/p>\n Explore Aleph.im\u2019s indexing solution<\/u><\/a>, staking DApp<\/u><\/a>, and NFT & IPFS Backup dApp<\/u><\/a>.<\/p>\n Follow aleph.im on Twitter: @aleph_im<\/u><\/a><\/p>\n About Tezos:\u00a0<\/b><\/p>\n Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit www.tezos.com<\/u><\/a>.
Contacts<\/h5>
Contacts<\/h5>President<\/strong>
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What is TiTi Protocol?<\/h2>\nTiTi Protocol is a fully decentralized, multi-asset reserve-backed<\/i>, use-to-earn <\/i>algorithmic stablecoin<\/a> that aims to provide diversified and decentralized financial services based on the crypto-native stablecoin system and autonomous monetary policy. Its unique design brings a new paradigm of algorithmic stablecoin solution to the decentralized finance (DeFi) and Web3 that combines the Multi-Assets-Reserve mechanism and the peg mechanism of the Reorders algorithm. By doing so, it aims to take over the torch of algorithmic stablecoins and bring a brand new solution to DeFi and Web3 ecology.\n\nTiTi Protocol's new use-to-earn token economic design will greatly boost algorithm stablecoin adoption and maximize the benefits for DeFi users, thus enabling the interoperability of algorithmic stablecoins with other DeFi projects. All this is only possible due to the research and experimentation of the TiTi Protocol team in DeFi, especially the algorithm stablecoin track that the team has been testing for several years. In no time, TiTi will be able to write a glorious chapter in the Algorithmic Stablecoin track and the whole DeFi world.\n\nFurthermore, the TiTi protocol is more than a stablecoin protocol; the stablecoin protocol is just the beginning. Its ultimate goal is to provide global users with diversified DeFi services based on the crypto-native stablecoin system and autonomous monetary policy.\n
How is TiTi different compared with other algo stablecoins?<\/h2>\nThe very nature of algorithmic stablecoins is to maintain a stable price by automatically adapting the stablecoin supply to meet demand. TiTi\u2019s most unique feature is that it can improve algorithmic stablecoins\u2019 liquidity and user adoption on the premise of ensuring stability. All of this can be achieved through several core innovation modules of TiTi:\n\n1. New stablecoin issuance paradigm, TiTi-AMMs, greatly boosts stablecoin on-chain liquidity, increases capital efficiency, and is free from impermanent loss.<\/b> It is the module where TiUSD is issued and burned, controlling TiUSD inflation and deflation. It is impermanence loss-free and has triple mining rewards, due to the unique liquidity rebalance algorithm. Stablecoin users need not to worry about their assets being liquidated. All they need to do is swap back and forth. Liquidity Providers don\u2019t need to open a position for TiUSD when they would like to participate in liquidity mining. Instread, they need to provide single sided liquidity to TiTi-AMMs, because the protocol will do the math and mint equal value of TiUSD for them, which will be stored in the trading pairs enhancing the liquidity. Due to the improved TiUSD liquidity features of the TiTi-AMM users can enjoy a wider array of liquidity options.\n\nTiTi can effectively mitigate single-point risks, because the stablecoin issued by the Protocol is always backed by corresponding crypto assets with more than $1, and this data is completely on-chain, transparent and easy to gain users\u2019 confidence.\n\nHowever, unlike the designs of Maker and Fei, it does so to allow all risk in the reserves to be dispersed. The Stablecoin is not relying entirely on custodial stablecoins, and maintaining some resilience even as the value of the reserves fluctuates and flexibility to survive. The cherry on top is that it can break the upper limit of the issuance of native cryptocurrencies.\n\n2. Multi-asset Reserve ensures stability and raises the upper limit for the issuance size. <\/b>To begin with, it needs to be clear that TiTi Protocol is not a pure algorithmic stablecoin. It is more like a decentralized, multiple crypto assets backed, not collateralized, stablecoin whose supply and demand is adjusted by an algorithm. Unlike Ampleforth and YAM, who are purely controlled by algorithms and rely entirely on the stability mechanism of the Game Theory, which cannot be durable and bears great potential risks. Instead of just using algorithm, each and every TiUSD, the stablecoin issued by TiTi Protocol, is supported by sufficient crypto Assets in the reserve, such as WBTC, ETH, USDC etc. and supported by the continuous yields from Rainy Day Fund. the robustness of the protocol in dealing with the risks of market fluctuations in Reserve Assets has been improved, allowing the protocol to introduce Multi Crypto Assets as Reserves, so this addresses two of the most important issues in the algo stablecoins race: stability and liquidity.\n\n
\n\n3. The Reorders can cohesively make TiUSD pegging to $1 via reshape liquidity pairs value.<\/b> <\/b>TiTi maintains price anchoring dynamically and effectively adjusts the supply and demand of the primary and secondary markets of stablecoins through a new supply and demand algorithm, the Reorders. TiTi induces a peg coordination mechanism, which fosters high liquidity around the peg, while curtailing speculative attacks and bank run effects with Reorders and Rain Day Fund in case coordination breaks. Another unique function is that the Reorders can curtail speculative and arbitrage from taking transaction slippage. Instead, the Reorder will proactively collect the slippage and distribute to Rain Day Fund and Protocol fee, thus benefit protocol users rather than speculators.\n\nCompared with the current stablecoin pegging mechanism, e.g. the Rebase, Reweight, the Reorders\u2019 triggering conditions are more easily predictable and more precise. It can be triggered when TiUSD is 5% away from peg, or every 30 mins instead of 8hs, or 12hs, which are far too late to restore pegging and gain user confidence. TiTi\u2019s Multi-asset Reserve can be recapitalized or restored through Reorders. Because for each reorder, the slippage will be allocated to the Rain Day Fund, and will be distributed to Multi-asset Reserve subsequently.\n