An Overview of the StormGain Cryptocurrency Platform 15504

StormGain

The major players have already successfully cemented their positions in the cryptocurrency market. As a consequence, new platforms appear much less frequently than they did five years ago. And this is precisely why much more attention is now paid to new entrants to the market. One of the newest and most up-and-coming players in the cryptocurrency market is StormGain. Today, we are going to take a closer look at this platform’s features.

An introduction to the StormGain cryptocurrency platform

StormGain started operations in 2019. The target market for this cryptocurrency platform consists of both beginners and experienced cryptotraders – cryptocurrency enthusiasts who need to be able to quickly and efficiently convert their digital money. Among these, there are also cryptocurrency investors looking to earn a stable income.

StormGain users are able to choose from a large selection of trading instruments. These include both in-demand crypto instruments, such as Bitcoin, Ethereum and the like, as well as less popular options like Tron, Bitcoin Gold, etc.

Even though the platform is relatively new to the market, it has already made a good reputation for itself. The traders who use it often compare it to services like Kraken and Huobi Binance. In addition, StormGain is also the official sponsor of one of the English Premier League’s leading clubs – Newcastle United, which is a significant factor for earning the trust of users and potential clients.

Registration

The registration process has been made as simple as possible when compared to many other platforms. To register, all you need is an email address and phone number. The user then enters any other necessary details via their personal account.

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The registration process is similar to those of other cryptocurrency providers:

  1. First you go to the “Registration” tab.
  2. Then, you enter your personal information (email address, phone number and password) and agree to the Terms of Use.
  3. Finally, you must confirm the email address you provided at registration (required for the deposit/withdrawal of funds).

Once you’ve done that, you will then be able to use all the features of the cryptocurrency platform.

Deposit and withdrawal of funds

As already mentioned, the platform only supports cryptocurrencies, which facilitates easy wallet deposits and withdrawals.

If you have used other wallets to store cryptocurrency in the past and still have coins left in them, all you need to do is perform a simple inter-wallet transfer to fund your StormGain account with any of the cryptocurrencies supported by the platform. It’s worth noting that the main cryptocurrency used on this platform is Tether. This means that all payments will be carried out using this currency.

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StormGain charges no commission on deposits made in cryptocurrency. That said, there are minimum deposit amounts in place (for example, for Tether this is 50 USDT and for Bitcoin it is 0.005 BTC).

The second option for depositing funds to your wallet involves the use of third-party services enabling the exchange of fiat money for cryptocurrencies. To use this method, you’ll need a StormGain wallet address.

The developers of the StormGain platform took great care to make it as easy as possible to add funds to your account and have even provided the option of depositing funds directly to your wallet via your debit/credit card. To do this, all you need to do is select the desired cryptocurrency and the corresponding payment method from the list. However, you should be aware of the following restrictions:

  • the maximum deposit amount is USD $20,000;
  • a commission of 5% of the deposit amount (but not less than USD $10) will be charged.

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Although StormGain charges a debit/credit card deposit fee, this method eliminates the need to use third-party services. All transactions take place within the StormGain trading platform and are conducted automatically over encrypted connections. As a result, transaction speeds are much faster and your funds are much better protected.

Withdrawals are also processed very quickly. If you are going to withdraw funds to a cryptocurrency wallet, then all you have to do is select the cryptocurrency you need and enter the wallet address. Commission on crypto transactions is fixed at 0.1%, regardless of the currency you are withdrawing.

Trading

StormGain offers much higher leverage than most other platforms. This is one of the key advantages StormGain has over other trading platforms and we will talk more about it in this section.

StormGain offers trading in all the most popular cryptocurrencies, including Bitcoin, Tether, IOTA, Bitcoin Cash, Monero and many more besides. In total, around 30 cryptocurrencies are available to trade on the platform, which is enough to satisfy the needs of the majority of cryptocurrency users.

Cryptomarket analysis tools

The platform provides more than 40 indicators to assist with technical analysis. These include ready-made graphic patterns and profit/risk calculators.

Particular attention should be paid to the traders’ sentiment indicator, as it has a great influence on any strategy modifications. This gives StormGain a huge advantage over other cryptocurrency platforms since the provision of such an indicator is rare. It helps users identify the prevailing trend and make decisions about future trading operations.

Order types

StormGain offers four main types of orders. The first is the Market Order, which is the default option and corresponds to real-time trades. The second type is known as a Limit Order. It involves buying or selling assets when their price reaches a certain level. In addition to these, StormGain also supports Stop Loss and Take Profit orders, which are used respectively to limit losses or lock in profits before its too late.

Multiplier

The multiplier is one of the StormGain trading platform’s core selling points. It is no secret that many platforms allow cryptotraders to risk more funds than they have available on their account.  For the purposes of comparison, the world-famous cryptocurrency platform Binance allows users to trade with leverage of 1:5. The same amount of leverage is also available on Huobi. Meanwhile, a platform as popular as Cex.io only allows leveraged trading up to 1:3. StormGain, on the other hand, offers multipliers up to 1:200. This is much higher than the amount offered by other platforms.

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This multiplier allows you to benefit more from less intense price movement, even if your starting capital is very small. Nonetheless, it is worth remembering that using a multiplier also increases your risk when trading.

Platform features

StormGain provides a lot of bonuses and special features for its users. It was precisely these bonuses and features that enabled the platform to quickly gain in popularity and build trust among cryptocurrency traders.

Extended loyalty programme

The StormGain platform provides its users with some of the best trading terms around. The company offers several different loyalty levels, each with its own unique set of bonuses.

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As you can see, your individual account type can greatly improve the terms you receive as a trader on the platform. The higher your account status, the more bonuses you will be eligible for. These might include, for example, an increased bonus for account deposits or a discount on trading commission.

How to qualify for a given status

Each user is automatically assigned a certain status depending on their account balance or monthly trading volume. In other words, the more active you are, the higher your status. Likewise, if your activity drops over the course of a given month, your status will also drop.

Mobile trading

StormGain has its very own trading platform, which is also available for Android and iOS. This means that you can always keep abreast of any developments on the cryptocurrency market and carry out transactions from almost any device, anywhere. As the cryptocurrency market is open for trading 24/7 (including weekends and public holidays), this allows users to quickly respond to market events as and when they take place.

Training

The platform provides plenty of great opportunities to help you prepare for your first real trade. If you take look in your account, you will find video tutorials that deal with everything from the ins and outs of trading with StormGain to basic trading skills. These lessons will be very useful both for newbies at the beginning of their cryptotrading journeys and experienced traders looking to refresh their knowledge.

What’s more, the StormGain trading platform also allows users to practice making trades on a free demo account. The demo account gives everyone the opportunity to try their hand at trading without the need to risk their own funds.

It’s important to note that the demo account is available for use at any time. Therefore, even if you are already well-versed in trading, you can always switch from your real account to a demo account in order to test out new strategies.

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Security

Security has always been a very important element of any online service. But when it’s also client funds and not just user data that is at stake, then any platform for trading cryptocurrency must provide the highest level of protection. What kind of protection is offered by StormGain?

First off, it provides the ability to create a “cold wallet”. This is one of the unique features of the StormGain trading platform. On most platforms which deal with a large number of different cryptocurrencies, there are no “cold wallets”. This type of wallet exists offline and is immune from any malicious intruders.

The second key feature is the ability to activate two-factor authentication using Google Authenticator. The StormGain team strongly recommends connecting 2FA so that your account is protected even in case of the loss of login data.

The StormGain platform is trusted by users worldwide. The partnership with Newcastle United football club plays an important role in this. In addition, the platform is a member of the Blockchain Association which itself operates under under the auspices of the Financial Commission.

Support

The level of customer support can make a platform the best in the world or make its users hate it. For cryptocurrency platforms, the customer service element is no less important than that of making the service secure.

StormGain offers customer support via:

  • online chat;
  • Telegram;
  • e-mail;
  • telephone.

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In other words, all the ways of communication with the project team have been thought out. Depending on your problem and preferences, you can choose any method and quickly find a solution.

Conclusion

The StormGain cryptocurrency platform is a fairly young project. Nevertheless, in just over a year and a half of its existence, it has been able to earn the trust of its users and demonstrate excellent quality of services.

One of the platform’s “disadvantages” is that the minimum deposit amount is quite high. But given the extensive functionality, the presence of a loyalty and training program, the high level of security and other positive aspects offered by the StormGain trading platform, it can be argued that this platform has high potential. StormGain directly competed with the established leaders in the cryptocurrency trading platform market and is a great choice for both beginners and experienced traders.

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UniDex successfully migrates to its new protocol token Molten 11779

UniDex has migrated to its new protocol token, Molten, as proposed in its recent governance vote. Molten now serves as the primary governance token for the product ecosystem and the native gas token on the Molten network.

UniDex recently introduced its Omnichain OFT Molten token as the first stage of its governance proposal. The new Molten token is designed to gradually replace the existing UniDex token. It offers a 1:1 migration with no set time limit to migrate the older UNIDX token.

The new token symbolizes the initial step towards the novel ecosystem to be developed around the Molten token for its forthcoming L2, known as the Molten Network. This token will function as the native gas token on the network, ensuring that all transaction fees are paid in Molten.

Molten aims to address the scalability issues previously encountered by UniDex, in addition to its native use for gas. The new Molten token enables bi-monthly epochs, during which Molten holders determine the quantity of new Molten entering circulation.

This inflation could incentivize usage across the Molten ecosystem, offering rewards for trading, liquidity incentives, grants, and more. Transaction fees collected from protocol usage will burn the Molten, offsetting inflation in a manner similar to Ethereum following its EIP-1559 upgrade.

Molten is much more than just a token; it powers the ecosystem behind the Molten network. The Molten L2 aims to build an ecosystem of interconnected Perp DEXs. Molten has eliminated all forms of oracle MEV, allowing builders to safely deploy leverage protocols without needing to run centralized backends. This means faster trades, more decentralized protocols, and better UX for traders.

unagi(x) by Wemade Integrates Chainlink CCIP on WEMIX3.0 Mainnet as Exclusive Cross-Chain Infrastructure for Omnichain Gaming Ecosystem 11338

Wemade, one of South Korea’s largest game developers and the founder of unagi(x), and Chainlink, the industry-standard decentralized computing platform, announced today that Chainlink CCIP—the industry standard for cross-chain interoperability—has been integrated by unagi(x) on WEMIX. As the network’s official cross-chain infrastructure, CCIP underpins WEMIX’s gaming mega-ecosystem and unagi(x)—the interoperability engine for unagi, the omnichain initiative to enable fast on-off chain trading.

The AAA MMORPG NIGHT CROWS —which launches globally in 170 countries on March 12th—will integrate unagi(x) powered by CCIP across six chains: WEMIX, Kroma, Avalanche, BNB Chain, Ethereum, and Polygon. Interoperability between this diverse selection of networks allows users to fully immerse themselves in the game, while tokenizing in-game assets on their preferred chain.

“We selected Chainlink CCIP as it offers a proven solution for cross-chain token transfers and multi-chain abstraction to enhance user experiences across Web3 gaming and beyond,” said Henry Chang, CEO of Wemade. “By seamlessly connecting WEMIX to the multi-chain ecosystem and enabling cross-chain transfers of in-game NIGHT CROWS tokens and NFTs with CCIP, we’re unlocking a novel omnichain gaming experience and interchain economy that will help drive the growth of all of Web3.”.

unagi(x) being powered by CCIP enables Web3 gamers to play NIGHT CROWS across the multi-chain ecosystem, while facilitating seamless transfers of in-game tokens and NFTs between chains. Users can freely choose their gaming chain, connecting and exchanging game tokens and NFTs with the ‘una Wallet,’ which enables users to intuitively manage assets and transfers across supported networks via the omnichain infrastructure.

“I am very impressed by how Wemade is on the cutting edge of blockchain gaming, a growing part of the entire blockchain economy, which I believe will eventually intersect with DeFi in new and interesting ways,” said Sergey Nazarov, Co-Founder of Chainlink. “We are excited to support them in their plans to lead the blockchain gaming community into the future with a secure connectivity solution.”

CCIP was selected as Wemade’s official interoperability solution because of its proven track record as the provider of oracle services used by hundreds of dApps and its dominant position as the leading provider of oracle services in the DeFi space. Advanced features including programmable token transfers and a single standardized interface for omnichain application development were also key factors leading to the decision to choose CCIP.

As a result, the integration of CCIP within unagi(x) creates a secure environment for NIGHT CROWS gamers to effortlessly navigate across chains, and positions NIGHT CROWS to redefine the possibilities of omnichain gaming.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

Wemade

With over two decades of gaming industry expertise, Wemade is at the forefront of the next global wave of Web3 game developers innovating with blockchain technology. Aiming to accelerate the mass adoption of blockchain technology, Wemade is building a one-of-its-kind, experience-based, platform-driven, and service-oriented mega-ecosystem that offers a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information.

EasyA to launch learning modules on Stacks, aiming to attract thousands of developers and kickstart the ecosystem ahead of the highly anticipated Bitcoin halving 11804

EasyA, the world’s leading Web3 education app, announced today its collaboration with the Stacks Foundation. The partnership will allow developers to capture a portion of Bitcoin’s $1T market value by teaching them how to build on Bitcoin. Together with Stacks, EasyA will show developers how to unlock the $1 trillion in latent capital currently waiting for developers ahead of the widely anticipated Bitcoin halving in April. EasyA and the Stacks Foundation aim to expand the Bitcoin ecosystem by showing developers how to build on the world’s largest crypto asset for the first time ever, transforming Bitcoin from a store of value into a productive asset with renewed utility.

EasyA is world-renowned for its Web3 learning app, which has attracted a huge community of over 750,000 developers, founders and visionaries. Their long-standing partnerships with over 300 of the world’s best university blockchain clubs (from Harvard to MIT to Cambridge and beyond) give its community unparalleled levels of talent.

EasyA alumni have been funded by world-class venture capital firms like a16z, and top accelerators like the prestigious Y Combinator. EasyA will launch 5 new in-app educational challenges featuring Stacks, giving Stacks access to EasyA’s massive pool of talent, and showing them the opportunities unlocked by the upcoming sBTC and Nakamoto Release.

The Nakamoto and sBTC launches are major upgrades coming to Stacks which will bring the leading Bitcoin L2 key features to developers eager to build on Bitcoin. Nakamoto enables Stacks to be both faster and more secure than ever before, inheriting the full security of Bitcoin, while sBTC brings a trustless Bitcoin to Stacks for the first time.

With the upcoming Bitcoin halving under 60 days away and massive momentum surrounding Bitcoin in light of the recent Bitcoin ETF approvals by the SEC, this partnership comes at a watershed moment for the Bitcoin community. Today, EasyA and the Stacks Foundation launch their partnership under the hashtag #360DaysOfStacks, which will culminate in two flagship hackathons in Boston (at Harvard University) and London. These two hackathons will bring together top developers from the #360DaysOfStacks learning challenges to pitch their startups in-person and win $50,000 in prize money. On top of this, the top builders will gain access to additional funding, mentorship and grant opportunities within the Stacks ecosystem.

Phil Kwok, Co-Founder of EasyA, said: “Over the past decade, Bitcoin has proven itself as a rock solid store of value. So much so that it commands a market cap of over $1 trillion. The crazy thing is that there’s surprisingly little you can actually do with it. Stacks promises to change that, and this promise is what is so exciting. We can imagine a world where all the value locked up in Bitcoin can finally be put to work. With Stacks’ sBTC and Nakamoto Release, this is finally possible. We can’t wait to see what our 750,000+ community of developers create with Stacks.”

“Our team is proud to be part of an ecosystem that takes the relationship with builders beyond a transactional one, helping developers of all ages and skill sets to learn the fundamentals, create one-to-one connections, and get genuine hands-on support from leaders,” says Mitchell Cuevas, Executive Director at the Stacks Foundation. “We continue to collaborate with EasyA because they share this sustainable, community-driven approach to developer education and they manage to make it (a lot of) fun for everyone from newcomers to veterans along the way.”

EasyA and the Stacks Foundation’s most recent partnership was a roaring success, educating over 3,000 developers on Stacks and attracting over 250 developers to their 36-hour in-person hackathon in London, UK. Founders won over $25,000 in prize money, with many of these projects still building on Bitcoin with Stacks.

Be one of the world’s first to complete the new #360DaysofStacks challenges by downloading the EasyA app, which is available to download on both iOS and Android.

About Stacks

Stacks is a Bitcoin L2 that enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The 2024 Nakamoto and sBTC releases will bring faster speeds and transactions backed by 100% Bitcoin finality. ‍Stacks is the current leading Bitcoin L2 by developer traction and market cap and is poised to help unlock Bitcoin and its $500B in passive capital as a fully programmable, productive asset. The Stacks (STX) token, used as gas on the L2, was the first to undergo an SEC-qualified sale in the United States. The project explicitly decentralized with the mainnet launch in 2021. In the Stacks ecosystem, there are currently 30+ contributing entities including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and more.

About EasyA

With over 750,000 developers from top universities, companies and projects across the US, UK and Europe, EasyA is the world’s most trusted and engaged Web3 education platform. Founded by Oxbridge/Ivy League grads, EasyA works very closely with over 300 of the world’s best blockchain clubs, frequently ranks as one of the top apps on the App Store, and has been featured as Apple’s App of the Day. The world’s leading Web3 networks such as Solana, Ripple, Polkadot, Stellar, Sui, Aptos, Algorand, Polygon, Tezos, ImmutableX and many more partner with EasyA to host their flagship hackathons. They leverage EasyA’s powerful in-app challenge campaigns to attract the world’s most talented hackers to their ecosystems, since EasyA is a powerful signal to them of quality and excellence. Projects coming out of EasyA’s hackathons have in turn raised from the best: all the way from a16z to Y Combinator.

Entangle: Launching March 13th 11657

Entangle has recently announced its highly anticipated launch date, March 13th.

Entangle provides a comprehensive suite of fully customizable Omnichain solutions, providing the core primitives and tools needed to connect anywhere, anytime.

This is accomplished in 4 parts:

  • Photon Messaging: Highly customizable Omnichain messaging protocol for any EVM or non-EVM network.
  • Universal Data Feeds: Low-latency, low-cost data infrastructure for any Web2 or Web3 data source. Both price-feed data and generalizable data are supported and delivered to smart contracts on any chain.
  • Liquid Vaults: Composable derivative tokens for any Web3 asset, making assets omnichain and increasing capital efficiency while still earning yield on the underlying asset.
  • Entangle VRF (e-VRF): Provides highly secure, verifiable, and unpredictable numbers, ideal for projects needing randomness. Seamlessly integrates with Entangle’s Universal Data Feeds and Photon Messaging, supporting on-chain applications such as gaming, NFTs, gambling, lottery systems, and beyond.

To reach mainstream adoption, all blockchain complexities must be abstracted away. A seamless user experience on the front-end requires all Web2 and Web3 data and assets to be seamlessly interconnected.

To date, 65+ strategic partnerships have been established with industry leaders, including Arbitrum, Mantle, Linea, Polygon, Stargate, Aave, Velodrome, SushiSwap, and more.

Entangle Labs

Entangle Labs is poised to revolutionize the Web3 space with building core primitives around the Entangle infrastructure, providing key Web3 verticals with Omnichain tooling. Entangle’s application, tools and components serve as the backbone of an Omnichain ecosystem, fostering a network of interconnected, highly efficient dApps and tokens.

Entangle Blockchain

Entangle’s Blockchain is the key component of the ecosystem, authenticating, validating and storing data in a cost effective way. Entangles blockchain has been designed with scalability, speed, customizability for smart contracts and low cost storage in mind. Secured by 100 validators and in conjunction with Photon Messaging (see below), the blockchain is the hub for developers to execute operations and data flow across any EVM and Non EVM-Chain.

Photon Messaging

An Omnichain Messaging Protocol introducing the highly customisable, upgradeable distributed network of Entangle Agents (DPoS). Orchestrated by the Master Smart Contract on the Entangle Blockchain, Photon Messaging enables protocols to send and receive data, assets and more across any EVM and non-EVM Chains and allows for state acquisition of any blockchain. Integrated across 15+ chains (and counting) developers and applications are now able to fully customize their data flow with logic, including security parameters and fees or simply opt for an automated solution. Photon messaging takes an unprecedented approach to omnichain communication, opening up the doors for native omnichain assets and various other use cases.

Universal data feeds

Entangle recognises that data access outside of Web3 is equally as important as that housed on chain. Universal data feeds allows customizable, high-frequency data feeds from any source to be queried and accessed by smart contract on any chain, including but not limited to DEFi, GameFi, AI and Real World Assets. Developers can leverage Universal Data Feeds to obtain efficient, inexpensive, verifiable on-demand cross-chain and off-chain data.

Liquid Vaults

The premier composable finance application that allows users to create Composable Derivatives Tokens (CDTs) against on-chain yield-bearing assets increasing their capital efficiency. This represents the next evolution of digital assets and ecosystem optimisation, allowing dApps to share liquidity.

WebverseNFT

An alternate reality that embodies Entangle Protocol’s infrastructure. By adapting lore-driven NFT Mechanics, Entangle transforms complex ideas into engaging narratives and resolves web3 community fragmentation.

e-Bridge

e-Bridge is a fully composable omnichain trustless bridge, utilizing the Burn and Mint or Lock and Unlock mechanisms to securely transfer NGL, Borpa, ZeroSum and other partner project tokens across 14+ networks. Entangle envisages the e-Bridge to be the premier launch partner to an ever growing demand for omnichain token launches.

e-VRF

e-VRF is an On-Chain Verifiable Random Function (VRF) that operates to enhance the engagement, fairness, and security of dApps. This solution leverages the agent network and other core components of Entangles infrastructure to generate random numbers. E-VRF unlocks a vast array of opportunities for dApps throughout the entire Web3 landscape including on-chain gaming, speculation driven dApps, lottery systems and more.

ZeroSum

A revolutionary gaming infrastructure platform that rewards players, viewers and game developers. Using cutting-edge AI and smart contract technology, Zerosum is redefining the gaming experience, transitioning play-to-earn into the more user-centric compete-to-earn. ZeroSum leverages Entangle’s technology to allow omni-chain wagering and tournaments for both viewers and players delivering a transparent path to revenue for all parties including game developers.

Borpa Memetoken

The Next Generation MemeToken. Natively deployed omnichain across Solana, Blast, Arbitrum and more with a dual-themed approach that appeals to both novices and crypto veterans. Borpa also leverages intricate DEFi mechanics with Entangle’s Liquid Vaults to power its unique financial game, encouraging participation via yield opportunities.

SuperCharge dApp

SuperCharge revolutionizes lending with leveraged yield farming. Built using the Entangle infrastructure, the application utilizes the innovative Liquid Vaults to allow users to collateralize yield positions.

Yield Lottery dApp

The Yield Lottery dApp is gamifying the Entangle ecosystem, incentivizing both liquidity providers and Liquid Vaults users. By opting into a Yield Lottery, participants can decide to opt into an on-chain randomised lottery with a portion of their yield and not the underlying collateral. This additional utility for liquid vaults is designed to attract enhanced liquidity from both experienced and novel users.

Decentralised Physical Infrastructure (DePin)

Entangle recognises the criticality of DePin infrastructure, in particular in the artificial intelligence (AI) arena and how the added benefits of blockchain can bring mass benefits across global sectors. Entangle is currently developing an Omnichain, liquid DePIN solution, where resource clustering is not only powered by efficient algorithms but resource providers can opt in and be rewarded transparently on any blockchain.

In doing so, Entangle will democratise fair access to a unique and rare opportunity, curating a harmonious balance of smart contracts, blockchain, AI, physical infrastructure and privacy across any Web3 ecosystem.

L2 Rollups

Entangles infrastructure is designed with the ability to construct Layer 2 Rollups and other scalability solutions. In doing so, Entangle is set to greatly enhance its blockchain scalability when required to do so. This will empower application developers to craft fully customizable and interoperable solutions at scale.

Velo Is Enhancing Its Own Ecosystem Through Interoperability 11808

As new blockchains and blockchain-based platforms emerge, it’s crucial for these ecosystems to be interconnected, enabling users to seamlessly transfer their assets without complications. Velo is enhancing its own ecosystem through interoperability, aspiring to become a pivotal connection point for various blockchains.

A significant update within Universe is its support for multiple wallet addresses on a single platform, catering to users who possess multiple wallets across different platforms. This feature is essential for managing diverse assets conveniently.

Furthermore, Universe is integrating multi-chain login and registration support for networks such as Solana and Tron, thereby improving Velo’s accessibility and usability. Efforts are in place to refactor the user database and management code, ensuring a smooth and secure experience.

Velo is advancing its blockchain integration by incorporating the Solana and Tron networks, aiming to offer enhanced deposit and withdrawal functionalities to enrich its ecosystem. This initiative involves deploying Solana and Tron chain-node and full-node functionalities, thereby broadening the network’s diversity and user options. Additionally, Universe is introducing a dedicated user interface (UI) for Solana transactions, encompassing deposit-withdrawal and account management across Webplus and mobile platforms, ensuring a seamless user experience.

This streamlined approach guarantees that Velo’s users have comprehensive and intuitive access to a broader range of transaction options, significantly boosting the platform’s utility and user engagement.

The integration with the Lightning Network marks a significant advancement in improving Bitcoin transactions. By implementing Lightning chain-node and deploying a BTC full-node, Orbit aims to streamline Bitcoin deposits and withdrawals, making them faster and more cost-efficient.

Velo’s dedication to ensuring inclusivity and connectivity with other blockchains is evident through the concrete steps it has taken. With aggressive strides towards unlocking the full potential of the Velo Protocol, Velo is poised for significant growth and innovation.

About Velo Labs

Velo Labs is a global pioneer in Web3-based financial solutions, offering a cutting-edge liquidity and settlement network for secure, efficient value transfers. Backed by Stellar Network and CP Group, our reach has expanded beyond Southeast Asia and the Pacific, now serving partners worldwide. We connect and complement the gap between traditional banking infrastructure and Web3, leading the way in blockchain mass adoption. Our extensive Web3-based payment network and Lightnet, our licensed settlement partner, position us as a global heavyweight. Velo Labs offers a diverse range of Web3-based products, notably Orbit, tailored for individuals, merchants, corporations, and enterprises worldwide — dedicated to empowering global financial connectivity and expanding accessibility globally.

Perp DEX SynFutures’ V3 Goes Live on Blast, Launches Oyster Odyssey Points Program 12279

SynFutures, a leading decentralized exchange for perpetual futures, today announced the launch of its new V3 platform for perpetual futures (“perps”) on Blast mainnet, featuring a proprietary order book Automated Market Maker (oAMM). This fully onchain deployment seamlessly integrates the strengths of an order book and AMM model into a unified liquidity model, enhancing capital efficiency and operational simplicity that brings its usability closer to centralized exchanges.

Enhancing Loyalty and Engagement with DEXs

The eventual convergence of retail investors around a decentralized solution, amid today’s uncertainties associated with CEXs, is increasingly holding weight as a viable reality. By recognizing the increasing DEX trading volume, suggestive of the start of its own bull run, SynFutures is making a strategic move to further enhance DEX user engagement. SynFutures is announcing its “Oyster Odyssey” Points Program, a redeemable loyalty program determined to allot points for engagement of on-chain activity while also qualifying users for the upcoming Blast airdrop.

SynFutures V3’s Capital Efficiency and Execution Simplicity Made on Par with CEXs

A surge in crypto market optimism, propelled by Bitcoin ETF approval, upcoming halving, and anticipation of Ethereum ETFs, is beginning to extend into DeFi and derivatives. Decentralized exchanges (DEXs) have faced challenges in capturing the derivatives market, representing only <1.0% on-chain compared to centralized exchanges’ dominance. The fundamental issue lies in DEXs’ pricing and execution competitiveness, hindering their share in the lucrative derivatives landscape.

Recognizing the challenges faced by decentralized perpetual futures exchanges, SynFutures is launching V3 with its orderbook Automated Market Maker (oAMM) on the Blast blockchain to bridge the existing gaps, setting a new standard for capital efficiency in the derivatives DEX space.

The decision to launch V3 on Blast, a Paradigm-backed optimistic rollup, is strategic. As with any rollups, Blast increases transaction speeds and lowers costs while maintaining Ethereum’s security. In particular, the Blast blockchain’s native yield feature has contributed to a total locked value (TVL) of approximately US $2 billion in its bridge, attracting more than 146,000 users.

“With these enhancements, SynFutures strives to achieve unparalleled capital efficiency with a derivatives DEX, positioning us to compete with CEXs on a more level playing field. V3 not only provides a secure and user-friendly environment but also addresses the obstacles limiting the widespread adoption of derivatives trading on DEXs,” Rachel Lin, Co-founder and CEO of SynFutures. “With the anticipation of more institutional participation in 2024, this upgrade will prepare us for the potential influx in trading volumes through improved trading throughput and reduced transaction costs,” she added.

“We are thrilled to welcome SynFutures to Blast. They moved fast as an early adopter on the Blast Testnet and we look forward to witnessing their continued success on the Blast Mainnet!,” said Pacman (Tieshun Roquerre), Core Contributor of Blast.

In fact, SynFutures witnessed remarkable signals suggesting the arrival of a tipping point in engagement among DEXs, including its own. Since the launch of its V3 platform on the public testnet in October 2023, SynFutures has seen a remarkable influx of users, with a total of 81,016 actively participating in trading activities. This heightened engagement is underscored by the V3 platform’s impressive performance on both the Goerli and Blast-Sepolia chains, recording a total of 460,662 transactions. Notably, users have demonstrated an average of 5.686 transactions per user, highlighting robust activity levels within the ecosystem.

In addition, the V3 platform has demonstrated remarkable traction on the Blast chain network, accounting for an impressive 10% of all transactions during a notable spike observed at the end of January.

Deciphering the Mechanism of SynFutures’ Oyster AMM

SynFutures specifically facilitates trading perpetual futures in the crypto space—contracts without expiry. This allows investors to speculate on crypto asset prices without the need for physical settlement.

The innovative Oyster AMM enables permissionless listing of any trading pairs, including major cryptocurrencies, altcoins, NFTs and indices, in 30 seconds. It ensures two-sided liquidity and remarkably enables users to provide a single token for a trading pair. This simplifies the entire trading ecosystem, building on the user-friendly approach established in SynFutures V1 and V2.

Automated Market Makers (AMMs), which DEXs tend to opt for, come with a demand for substantial liquidity to achieve equivalent price impact compared to order book models. To boost liquidity, the Oyster AMM presents an innovative market making paradigm by seamlessly integrating concentrated liquidity AMM (CL AMM) and on chain order book in a single, unified model, offering a significant capital efficiency boost tailored to active traders and passive liquidity providers. The model facilitates liquidity concentration within specific price ranges and incorporates leverage for automated market makers, addressing challenges like higher fees and limited trading functions.

Compared to a CEX’ order book, the fully on-chain model brought by SynFutures’ V3 model helps ensure transparency, trustlessness, and anti-censorship, thus eliminating dependence on centralized administrators and mitigating vulnerabilities across on-off chain systems.

Recognizing the paramount importance of user protection and price stability, the Oyster AMM in SynFutures V3 further introduces an advanced financial risk management approach through a dynamic penalty fee system. This discourages price manipulation and strikes a balance in the risk-reward profile for liquidity providers.

About SynFutures

SynFutures is a leading perp DEX that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime. SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to freely trade any assets and list arbitrary futures contracts within seconds.

Deployed on multiple blockchains, SynFutures is currently the largest derivatives exchange on Polygon and is among the top three most actively used decentralized derivatives exchanges. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and team members have extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.