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Tokens Fueling Innovation in the Dynamic Fantom DeFi Ecosystem

In the rapidly evolving realm of Defi and L1’s, the Fantom ecosystem shines as a vibrant hub for innovation. Within this dynamic landscape, various protocols play pivotal roles in sculpting the future of decentralized finance on Fantom. Each protocol brings its distinct features, vision, and potential to the forefront, propelling growth, stability, and inclusivity within the Fantom DeFi ecosystem. The most known protocol in Fantom is SpookySwap (Ticker : BOO), an EVM-compatible DEX, has been pioneered since its April 2021 launch. Endorsed by the Fantom Foundation and bolstered by community

Stablecoins Under Scrutiny

Amidst the market’s recovery from the recent onslaught of SEC crackdowns, rumors swirl over the potential targeting of stablecoins in their crosshairs. Such a move could have profound implications for cryptocurrency prices, making it crucial to gauge the likelihood of this scenario and the approach regulators might adopt. The largest stablecoins by market cap are Tether’s USDT and Circle’s USDC. Both are pegged to the US dollar and backed by various assets, typically highly liquid instruments like US Treasury bills. In theory, when someone wants to buy stablecoins from an

Dynamic Rewards Unleashed

Following weeks of preparation and hard work, we’re incredibly excited to open the Paribus Mainnet v1 tomorrow. This marks the welcome return of our protocol and heralds the beginning of our rewards program. For those who participated in our staking program, the concept behind the rewards program will be simple to understand. We’ve allocated 100 million PBX tokens to be issued as rewards to borrowers on the platform. This concept is even more exciting because the rewards are scheduled to be released evenly across every block and are anticipated to

Paribus. Seeking a Safe Haven.

In recent weeks, there have been systemic failures in the global financial system, particularly in the banking sector, causing people to question the legitimacy of information provided by regulators. Despite repeated assurances of robustness and security, people continued to withdraw their money from banks and invest in assets they could hold. Many of our community are familiar with the idea of “not your keys, not your crypto” after the failure of several protocols and investment funds. Just as these failures caused people to withdraw their crypto from exchanges and opt

xBacked Launches xUSD, a 110% Over-Collateralised Stablecoin for Algorand Positioned to Transform the DeFi Realm

MEDIA RELEASE xBacked is a permissionless over-collateralized stablecoin protocol built on Algorand that allows anyone to use cryptocurrency without the volatility xBacked's decentralised stablecoin xUSD is available now to be minted on the platform, and aims to maintain a stable value of $1 USD backed by assets in the basket Stability pool, on-chain governance and TGE (token generation event) will be available in the coming months 17 JANUARY 2023: Launching today, xBacked is set to raise the bar with its over-collateralized stablecoin, xUSD. Built on Algorand and backed by multiple

Testing, Testing 3…2…1

Today marks the launch of our MVP on the Goerli testnet, the final phase of testing prior to its official launch. It’s been a busy time for our dev team as nothing in crypto is plain sailing and they’ve done an amazing job of bringing us to this point. (Testnet link located at the bottom of this article) A few weeks ago we launched our MVP to a limited selection of our community on the Rinkeby testnet. However, due to some limitations with Rinkeby, we decided to switch to Goerli