Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Post a Comment

Smart contract automator Gelato brings liquidity management to Zerion

The partnership enables Zerion’s retail users to provide liquidity without the fear of volatility.

Gelato Network, a protocol that automates smart contract executions on Ethereum (ETH), has integrated with DeFi aggregator Zerion to help users better manage liquidity when interacting with decentralized exchanges like Uniswap. 

The partnership enables Zerion’s over 200,000 monthly active users to have their Uniswap v3 positions managed automatically, Gelato Network announced Tuesday. “With this integration, Zerion has become the go-to DeFi aggregator to natively offer fungible Uniswap v3 LP positions at a massive scale,” they said.

Gelato Network has been designed to address liquidity challenges in cryptocurrency markets emanating from extreme price volatility. Wild price swings, like the kind we saw in May, make it difficult for retail liquidity providers to offer concentrated liquidity on decentralized exchanges without opening themselves up to significant risks. The company explained:

“Dapps powered by Gelato Network address this shortcoming, by allowing users to have the same capabilities as professional liquidity providers by automating the process of fee compounding and rebalancing around the current price.”

Zerion has emerged as a popular aggregator in the DeFi market. It claims to have powered over $750 million in volume since launch.

Related: DeFi aggregator Zerion snags $8.2M in Series A

Zerion concluded a highly successful Series A funding round last month led by Mosaic Ventures with participation from Digital Currency Group and Blockchain.com Ventures.

DeFi continued to be a magnet for capital and new users in the second quarter despite a massive decline in digital asset prices. By June 30, DeFi protocols had been used by 2.91 million Ethereum addresses, according to new research by ConsenSys. Non-custodial wallets also registered significant user growth, with MetaMask recording 8.5 million monthly active users by the end of July.

Related: How cross-chain liquidity aggregation can shape the future of DeFi

https://ift.tt/3CgnHM2
Labels:

Comments

Post a Comment

Popular posts from this blog

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...
Post a Comment
Read more

Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a research center of the José Simeón Cañas Central American University (UCA). El Salvador’s Bitcoin Law is set to go into effect on Sept. 7 , when BTC will be legal tender in the country alongside the U.S. dollar. A total of 1,281 respondents ages 18 and over participated in this national survey that “represents the entire adult population residing in the country,” according to the institute. Out of all the respondents, 62.4% said they were aware of the approval of the Bitcoin Law by the deputies of the ...
Post a Comment
Read more