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Holdefi: A Unique Decentralized Lending Platform Shaping the Future of DeFi

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The DeFi industry offering an alternative to traditional financial services is evolving at a rapid pace. There are few platforms that are using the latest advances in the blockchain space to create DeFi solutions that could not only outperform their peers but also capable of adapting to new developments in the blockchain technology itself.

Holdefi is one such open-source, non-custodial decentralized lending platform that offers an attractive passive income stream to investors while enabling the masses to borrow at attractive interest rates. Like its counterparts, Holdefi allows users to instantly secure credit against crypto collateral. The platform does not require the borrowers to provide their KYC or prove their creditworthiness before borrowing. All they have to do is to deposit their crypto assets as collateral to secure a loan in any of the supported cryptocurrencies including stablecoins like USDC, DAI, USDT and BUSD. Users can deposit collateral in one or more types of crypto assets. Similarly, they can borrow different cryptocurrencies using single collateral as long as the value meets the platform requirements.

Attractive Interest Rates and Better ROI

Holdefi uses a mechanism that calculates interest rates for borrowing based on the market and competitive conditions. By doing so, it will balance the demand and liquidity to provide an attractive interest rate to borrowers. Meanwhile, lenders providing liquidity to the supply pool will receive a portion of the interest payments in proportion to the invested amount.

Lenders on Holdefi will get a bigger share of interest payouts in comparison to those on other DeFi platforms as borrowers do not receive any reward or interest on their collateral deposits. So, the lenders end up receiving a proportional share from the overall interest received by the platform from its borrowers.

What Makes Holdefi Stand Apart from the Rest?

Holdefi is an advanced DeFi solution based on the Ethereum protocol. Powered by a native ERC20 standard HLD token, the project is designed to work flawlessly on Ethereum’s existing PoW protocol while being future-ready to operate on ETH’s upcoming PoS upgrade.

The platform witnesses significant upgrades that impart certain qualities of CeFi platforms without affecting decentralization. One such sought-after feature of CeFi is the availability of collateral insurance. While such an option is not available with other DeFi projects, Holdefi solves the issue by separating the collateral deposits from borrowers and liquidity provided by investors into different pools. That way, the collateral won’t be utilized, and borrowers can withdraw it at any time, thus eliminating the need for insurance.

The separation of liquidity and collateral pool will also have a positive effect on Holdefi when ETH 2.0 is implemented as it will speed up the process while keeping transaction costs at a minimum.

Using HLD

HLD is a native ERC20 utility token of the Holdefi ecosystem. Apart from being a mode of value exchange within the ecosystem, it also acts as a governance token imparting voting rights to tokenholders. It can also be used for liquidity mining, staking, and revenue sharing between the participants.

The project has set the maximum supply cap for HLD at 100 million of which 13 million was offered to investors through private and public sales. Recently, Holdefi successfully concluded its private and public sale.

The public sale, a 2-day event starting March 31 was completely sold out within hours of launch. Meanwhile, those who didn’t participate in the token sale can purchase HLD on Uniswap and PancakeSwap

Buy HLD and HODL?

Holdefi is one of the few platforms that has made significant improvements to DeFi lending. It offers a lot of flexibility to users while maintaining strong security features. The future-proof design of Holdefi ecosystem is an added advantage that will make it popular with the crypto community.

While there is no definitive forecast on whether HLD will be an asset due to the volatile nature of crypto markets, Holdefi is an innovative project that is playing a major role in shaping DeFi platforms of the future.

Learn more about Holdefi at – https://holdefi.com/

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.newsbtc.com/news/company/holdefi-a-unique-decentralized-lending-platform-shaping-the-future-of-defi/

Blockchain

Elon Musk’s SpaceX to Accept Dogecoin (DOGE) Payments for Space Missions

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After Tesla’s moe of accepting Bitcoin (BTC) payments, Elon Musk’s space exploration SpaceX announced that it is will accepting Dogecoin (DOGE) payments for its pace missions. This comes just a day after Elon Musk called Dogecoin a “hustle” triggering a 30% price crash over the weekend.

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eIntro

Is Musk trying to do damage control here? Maybe or maybe not! Whatever it is, this news is pretty exciting for all DOGE investors in the market. The announcement for “the DOGE-1 Mission to the Moon” was made by the Geometric Energy Corporation (GEC).

The mission involves flying a 40KG cube satellite of the Falcon 9 rocket that will carry “lunar-spatial intelligence and computational systems” on board. The mission launch is scheduled for Q1 of 2022 and so SpaceX also plans to start accepting DOGE payment during the same period. Here’s what Elon Musk tweeted upon launching Dogecoin to the moon.

Although GEC announced the DOGE-funded mission, it has not exactly said how much that would cost. Speaking about this new synergy between crypto and space missions, SpaceX Vice President of Commercial Sales Tom Ochinero said:

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“This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce. We’re excited to launch DOGE-1 to the Moon!”

Solidifying DOGE’s Market Position

Well, last week, Elon Musk’s SNL tweet drove DOGE price to an all-time high of $0.71 with its market cap reaching $94 billion. Just before the SNL event over the weekend, Elon Musk had warned about the higher valuations. As it happened, during Musk’s SNL show appearance, the DOGE price crashed as much as 30% over the weekend, after Musk referred to it as the “hustle”.

Even at price time, DOGE continues to trade 16% down at a price of $0.54 and a market cap of $70 billion. It is still trading 10% positive on the weekly chart. Also, the recent SpaceX announcement seems to have little impact in turning the tide for Dogecoin.

One thing is sure that such announcements will certainly solidify DOGE’s market position and acceptance. With the recent announcement, Geometric Energy’s Chief Executive Officer Samuel Reid said:

“Having officially transacted with DOGE for a deal of this magnitude, Geometric Energy Corporation and SpaceX have solidified DOGE as a unit of account for lunar business in the space sector”.

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coingape.com/elon-musks-spacex-to-accept-dogecoin-doge-payments-for-space-missions/

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Blockchain

The Transfer Token’s (TTT) Migrating to a DeFi Token Protocol

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[PRESS RELEASE – Please Read Disclaimer]

Atom Solutions Co., Ltd. (hereinafter referred to as Atom Solutions), developers of the cryptocurrency trading and overseas remittance platform “Eternal Wallet”, has announced that its in-house developed token, The Transfer Token, will migrate to a DeFi token protocol.

The Transfer Token (hereinafter referred to as TTT) is a token issued by Atom Solutions. The most exceptional feature is that by holding and lending TTT on our platform “Eternal Wallet”, developed alongside TTT, users are eligible for gaining dividends distribution.

Regarding the dividend distribution within the wallet, during an open beta test conducted from January through February, Atom Solutions recorded the below values:

・In the case of holding TTT within Eternal Wallet: 98% yearly

・In the case of lending out TTT into The Pool within Eternal Wallet: 218% yearly

The migration of TTT to a DeFi token protocol was largely born out of feedback gathered from the beta test.

This is essential in strengthening security, and preventing misconduct and data manipulation by specific operators and/or third-party attackers. By migrating the core of Eternal Wallet, the element that covers “The world’s highest received amount when remitting overseas”, to blockchain, Atom Solutions aims to provide a system with high transparency.

DeFi (Decentralized Finance) refers to the various financial services that can be provided upon the blockchain through utilizing smart contracts.

The financial services offered by DeFi encompass various sectors such as loans, insurance, exchanges, hedge funds, derivatives, prediction markets, etc. Also, unlike a centralized system with an intermediary is unnecessary, it has the feature of being a swift yet secure method of making a transaction. This notable difference from traditional financial systems has made it a focal point of interest in recent years.

Moreover, with DeFi, due to being operated on the blockchain, it has the benefits of cutting costs, increased composability and accessibility, and high transparency.

Atom Solutions, from here on forward, by further increasing the presence of TTT within the DeFi ecosystem, aims to further expand on the convenience and profitability of the services’ users.

In addition, in conjunction with this, the company has also updated the Whitepaper regarding TTT. Click here for more information.

About Atom Solutions

Atom Solutions is a Japanese FinTech corporation with 10 years of experience and achievements since its conception. In addition to abundant expertise in financial and technology sectors, we have filed for and obtained several patents related to our lending and Pool functions and much more. Armed with these we aim to realize “The world’s highest received amount upon overseas remittance”.

In our sights is not only Japan, not only Asia, but all countries across the globe. In the near future we aim to expand the number of countries where our services can be used worldwide and intend to deliver the best possible service to our users.

Location: 5F Sei Bi Do Bldg, 2-31-16 Eitai Kouto-Ku, Tokyo

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Source: https://cryptopotato.com/the-transfer-tokens-ttt-migrating-to-a-defi-token-protocol/

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Blockchain

Kraken Daily Market Report for May 09 2021

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Overview


  • Total spot trading volume at $3.39 billion, 25% higher than the 30-day average of $2.71 billion.
  • Total futures notional at $921.3 million.
  • The top five traded coins were, respectively, Dogecoin (-11%), Bitcoin (-1.1%), Ethereum (+0.3%), Tether (-0.05%), and Cardano (+9,0%).
  • Great returns from Litecoin (+12%) and Cardano (+9.0%).

May 09, 2021 
 $3.39B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
XDG 
$0.5702 
↓11% 
$1.12B
XBT 
$58293. 
↓1.1% 
$808.0M
ETH 
$3927.0 
↑0.3% 
$687.9M
USDT 
$1.001 
↓0.05% 
$347.6M
ADA 
$1.7691 
↑9.0% 
$184.5M
XRP 
$1.5366 
↓1.8% 
$96.9M
LTC 
$388.21 
↑12% 
$76.6M
USDC 
$0.9998 
↓0.02% 
$69.8M
DOT 
$40.346 
↑1.0% 
$59.1M
ETC 
$118.97 
↓7.5% 
$58.9M
LINK 
$52.301 
↑7.3% 
$50.3M
BCH 
$1428.7 
↑2.0% 
$31.2M
FLOW 
$27.5 
↓4.0% 
$29.0M
EOS 
$10.534 
↑1.7% 
$26.5M
TRX 
$0.1430 
↓0.14% 
$21.1M
SC 
$0.0394 
↓2.8% 
$19.3M
XLM 
$0.6287 
↑2.3% 
$17.5M
XMR 
$484.44 
↑1.7% 
$12.5M
QTUM 
$27.248 
↑5.9% 
$10.6M
KSM 
$450.93 
↑3.6% 
$10.3M
DASH 
$406.54 
↓0.9% 
$7.72M
ATOM 
$28.783 
↓2.5% 
$7.55M
XTZ 
$7.1008 
↑1.6% 
$7.22M
FIL 
$146.26 
↓1.3% 
$7.05M
ALGO 
$1.5153 
↓0.4% 
$6.81M
UNI 
$39.518 
↓2.6% 
$6.41M
WAVES 
$31.746 
↓2.3% 
$6.33M
OMG 
$11.628 
↓2.1% 
$5.44M
DAI 
$1.0015 
↑0.04% 
$5.41M
NANO 
$9.4387 
↓2.9% 
$4.26M
AAVE 
$460.04 
↓1.2% 
$4.18M
STORJ 
$2.1611 
↓3.0% 
$3.96M
ZEC 
$305.02 
↓3.4% 
$3.84M
MANA 
$1.4924 
↑3.4% 
$3.82M
OCEAN 
$1.5112 
↑1.4% 
$3.79M
KAVA 
$6.153 
↓2.1% 
$3.22M
GRT 
$1.5394 
↓2.8% 
$2.64M
GNO 
$275.90 
↓6.3% 
$2.64M
LSK 
$8.2803 
↓2.1% 
$2.47M
ICX 
$2.6508 
↓0.7% 
$2.46M
BAT 
$1.4148 
↓1.0% 
$2.38M
COMP 
$771.12 
↓1.4% 
$1.9M
OXT 
$0.6504 
↓2.4% 
$1.8M
CRV 
$3.444 
↓3.7% 
$1.41M
SNX 
$17.79 
↓3.6% 
$1.39M
KEEP 
$0.5876 
↓5.1% 
$1.31M
KNC 
$3.3837 
↓2.0% 
$1.28M
ANT 
$10.208 
↓0.4% 
$1.17M
BAL 
$66.46 
↓3.8% 
$1.12M
YFI 
$53466. 
↓1.5% 
$1.12M
REP 
$45.586 
↓2.9% 
$1.07M
EWT 
$14.222 
↑4.2% 
$1.01M
PAXG 
$1898.5 
↑1.4% 
$926K
MLN 
$105.15 
↓3.6% 
$512K
REPV2 
$45.438 
↓6.4% 
$199K
TBTC 
$60059. 
↓0.23% 
$40.0K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (May 09 2021)



Figure 2: Mid-size trading assets: (measured in USD) (May 09 2021)



Figure 3: Smallest trading assets: (measured in USD) (May 09 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (May 09 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.kraken.com/post/9011/kraken-daily-market-report-for-may-09-2021/

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