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C.R.E.A.M. Finance’s Iron Bank to bring protocol-to-protocol flash loans to DeFi 

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Decentralized peer-to-peer lending protocol, C.R.E.A.M. Finance, announced it is launching a protocol-to-protocol flash loan product through the Iron Bank, to increase capital efficiency and expand the scope of decentralized finance (DeFi).

“Bringing protocol-to-protocol flash loans to the will increase capital efficiency and provide deeper liquidity for traders looking to access more lucrative lending services across a wider variety of digital assets,” said Leo Cheng, Co-Founder and Project Lead at C.R.E.A.M. Finance.

The Iron Bank, which has accrued $425 million USD in total value locked (TVL), is the first lending protocol to allow other protocols to borrow from its pools in a permissionless manner, currently available to Alpha Homora v2 and Yearn Vaults.

The Iron Bank lending platform and liquidity backbone will service the entire Ethereum DeFi ecosystem and beyond, including the Yearn Ecosystem.

This launch will allow Yearn strategists to leverage flash loans across more assets at lower costs, broadening the scope of strategies that they can run.

Flash loans on C.R.E.A.M. cost 0.03%, which is less than Aave (0.09%) and Uniswap (0.3%), and covers the widest variety of digital assets on the market, including LP tokens.

In addition to the Iron Bank, flash loans will also be available to users on Cream v1 at app.cream.finance across Ethereum, Binance Smart Chain, and Fantom.

A flash loan is an uncollateralized loan where a trader borrows, exchanges, and repays a debt in a single transaction using a smart contract.

This is possible with no collateral because the loan will not execute without all parties lending, borrowing, and being repaid simultaneously, alleviating the risk of a trader defaulting on the loan.

A simple example of a flash loan is performing arbitrage trades to make a profit based on minor price differences between exchanges.

For example, Uniswap is displaying ETH for $2000 and Sushiswap is trading for $2005. A user could execute the following flash loan from the Iron Bank within a single transaction:

  1. Borrow $1,000,000 USDC from Iron Bank
  2. Purchase the ETH from Uniswap at $2000 / ETH
  3. Sell the ETH on Sushiswap at $2005 / ETH
  4. Return the initial USDC loan back to the Iron Bank

The result here is a profit of $5000 from a single Flash Loan transaction. Note: this example excludes gas fees and slippage.

While existing money markets like Cream v1 are peer-to-peer, the Iron Bank will enable protocol-to-protocol lending and liquidity.

Source: app.cream.finance

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoninjas.net/2021/04/09/c-r-e-a-m-finances-iron-bank-to-bring-protocol-to-protocol-flash-loans-to-defi/

Blockchain

More Crypto Gains, Less Carbon Emissions: Platform Plants Trees for Every Trader

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By now you’ve probably already heard the scary headlines…

“Bitcoin is killing the polar bears!” – anon

Heads Up: If you aren’t ready to save the world, skip to the end of this article to get yourself access to some awesome trading signals and tools for free.

According to the Cambridge Center for Alternative Finance (CCAF), Bitcoin sucks up around 147 Terawatt Hours per year — 0.68% of global electricity production. In more easy to understand terms that’s around the same power usage as the entire country of Sweden, or Poland.

But is it that simple? No.

 

The reality is that yes the cryptocurrency industry is eating up a lot of power. But the same can be said for almost anything.

If you don’t enjoy Formula 1 racing, you might be tempted to say that it’s a total waste of time, money and a pointless contributor towards rising sea levels and climate change.

Whether or not Bitcoin is worth the environmental/energy cost is up for debate in much the same way.

Why care? Underwater trading is not fun!

Let’s go ahead and say we agree with scientific consensus that global warming is bringing us towards a period of extreme climate change and rising sea levels. Many island nations and countries with coastline are at risk including the densely populated cities such as London, UK.

If you already lose sleep over trades that are sat underwater for a few hours, it’s probably safe to assume that you aren’t going to have a good time if you need scuba gear to degen long your favourite alts a few years from now!

How you can save the world and make better trades

The ProfitFarmers platform is built from the ground up to be your Crypto Co-Pilot. Including expert level signals, copy-trade technology  and advanced trading terminals and tools!

So, Scuba Diver or Astronaut?

It matters not to us, our signal algorithms have been helping our users surf the WAVES…

 

And take interstellar voyages to VENUS…

 

Great gains are awesome, but we wanted to help traders all around the world reduce their carbon footprint without needing compromise on their trading performance.

We’ve decided to team up with One Tree Planted in an effort to stem the Earth’s bleeding.

 

Here’s the bottom line: For every user on our platform, every month we will be planting one Tree!Check out our blog post to find out how you can improve your trading game, make some great gains and start planting some trees now!

Want to get your toes wet for FREE?

If you aren’t ready to save the world just yet (or join us here at ProfitFarmers) then don’t worry. We’ve got something for you that can still help you make more gains from your crypto trading adventure.

We recently created the ‘ProfitFarmers Moon Bag’, free for serious traders. It’s a selection of our advanced tools and scanners as well as market intel and premium signals.
If you have Telegram you can dive straight in by using this link to join the party. Just don’t forget to get access to the tools and education afterwards!

All we ask is that you donate some of your trading gains to environmental causes.

Yep signals just like this for free!

 

Source :- Plato

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Blockchain

Limitless DeFi hosts an event for growing Crypto community in Dubai

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Aiming to bring opportunities for start-up projects seeking to raise funds and mentorship to scale up their blockchain and DeFi projects, Limitless DeFi is conducting an event gathering over 200 visitors to learn, invest, and network.

The event will showcase 20 resource speakers and investors who will share their expertise in a conference and dinner in the SLS hotel, doors will open at 18:00, and the event will start at 19:00. Simultaneously, startup companies will be given a chance to present their projects to the invited panel of investors.

Limitless is the leading networking platform that connects individuals from all over the world to share their insights, views, and expertise on emerging technologies such as Blockchain, DeFi, Crypto and NFTs. Limitless events are known for their extensive board of carefully selected investors from Family Offices, Wealth Management, Crypto Funds, and Private Equity Firms among others.

“We are excited to conduct this event, especially having big shots in the industry like Brook Pierce, Ryan Lackey, Nick Spanos, and more. We decided to step away from having a traditional conference and organize something more laid back and fun. The event will take place in the newly opened hotel SLS, at the Carna restaurant that agreed to take Limitless DeFi as their first exclusive event! It’s going to be awesome, come and see for yourself!” said Tina Lyu, Business Development Manager of LWK Group

LWK Group and NFTclassifieds.com are the major sponsors of the event while LunaPR.io, a prominent blockchain-focused marketing agency in Dubai, will lead the roster of media sponsors.

“As their media partner, we are ecstatic to collaborate with Limitless DeFi on this event and help this leading platform extend their reach to people who love blockchain and crypto,” said Nikita Sachdev, CEO of LunaPR.io who will also serve as a conference speaker. 

To buy tickets please contact [email protected] or call +971 58 529 4884 (Jalol), +971 58 510 1482 (Tina).

About Limitless DeFi

Limitless is a platform that connects individuals from all over the world and lets them share their insights, views, and experiences on Blockchain, DeFi, Crypto, NFT, Digital, and Innovation Technology. They create a series of events dedicated to the currently booming industry of emerging technologies.

For more information, visit www.http://www.limitlessevents.net/.

Disclaimer: This is a paid post and should not be treated as news/advice. 


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/limitless-defi-hosts-an-event-for-growing-crypto-community-in-dubai

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Blockchain

Chinese officials warn about risks associated with crypto trading.

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Chinese officials warned the public about the risks associated with trading cryptocurrencies. The authorities pointed out three major considerations which might harm investors – false transactions, security breaches, and illegal and criminal activities involving cryptocurrencies. According to the China Financial Stability Report, investors should be extra vigilant when operating with bitcoin and other cryptocurrencies. Officials from China Securities Journal have called for better regulation and pointed out major risks involving crypto trading.

“Cryptocurrencies lack supervision and legal protection.”

Cryptocurrencies are highly decentralized, which means they lack supervision and legal protection. According to the journal, this is a huge disadvantage and can cause price manipulation and false transactions. Another concern that Chinese officials expressed is that the price of most cryptocurrencies, including bitcoin, can easily become an instrument for speculation and can go through sharp declines.’ The report also noted that the movement of funds on blockchain technology is difficult to be observed. This can create an excellent environment for money laundering. Additionally, illegal and criminal activities can also thrive with these conditions as lawbreakers have the opportunity to make drugs or gun transactions using cryptocurrencies. 

“There are no legal crypto trading venues in the country and no regulatory protections.”

The Chinese authorities advised that the crypto community must stay alert to prevent these hazards due to these factors. Furthermore, China Securities Journal reminded that there are no legal crypto trading venues in the country and no regulatory protections.” Once you encounter risks, you can only bear the consequences. In short, speculation in coins is risky, and you need to be cautious when entering the market,” the report noted. However, despite the Chinese government’s stance, the leading cryptocurrency bitcoin is highly popular in China – there’s a high number of miners situated in the large Asian nation.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://chaintimes.com/chinese-officials-warn-about-risks-associated-with-crypto-trading/

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