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22 European Countries Sign Partnership to Create Digital Single Market

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European countries sign agreement on blockchain partnership creating the path for an EU wide Digital Single Market to promote the new technology.

European Commission to Create Digital Single Market

Twenty-two EU member states signed a declaration to establish a European blockchain Partnership according to the European Commission website.

The partnership is tasked with allowing member countries to share experience and expertise in the emerging technology in order to create a path for a Digital Single Market that will benefit the private and public sectors. The partnership sees it’s ultimate goal as that of ensuring Europe stays at the forefront of blockchain technology development and implementation.

The website describes blockchain as a technology capable of promoting trust. One that might be used to share information and “record transactions in a verifiable, secure and permanent way.” 

As the technology is already being utilized around the world in the financial sector the partnership looks forward to adapting it and integrating it for digital services that will benefit other commercial sectors in the coming years. The statement on the website describes how a European wide Digital Single Market created from the outset to take advantage of the collaborative characteristics inherent to blockchain and its applications will prevent fragmented approaches by single countries.

This approach should allow all members equal input to creating an enabling ecosystem that supports full compliance with EU regulations and that will encourage blockchain based services to succeed across Europe.

Blockchain Technology Will Power Public Services

Commissioner for Digital Economy and Society, Mariya Gabriel, was quoted in the statement about the creation of the partnership,

“In the future, all public services will use blockchain technology. Blockchain is a great opportunity for Europe and Member States to rethink their information systems, to promote user trust and the protection of personal data, to help create new business opportunities and to establish new areas of leadership, benefiting citizens, public services and companies. The Partnership launched today enables Member States to work together with the European Commission to turn the enormous potential of blockchain technology into better services for citizens”.

The European Commission has already invested over 80 million Euros to support the development of blockchain for the benefit of municipal and societal areas. Another 300 million Euros will be set aside to study the technology by 2020. The Commission launched the EU Blockchain Observatory and Forum in February 2018.

The EC invites all members of the EU and European Economic Area to join the partnership. The twenty-two countries already participating include Austria, Belgium, Bulgaria, Czech Republic, Estonia, Finland, France, Germany, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, and the UK.

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Solsniffer Is The First Token Sniffer On Solana About To Set A New Security Standard

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Solsniffer, the first blockchain intelligence tool for the Solana blockchain, is now live!

Bonk’s explosive rise gave Solana an impressive boost in traders adoption, but with great power comes great challenges. The inflow of scams on Solana made it clear it needed a security upgrade.

The app allows Solana traders to make better-informed decisions by detecting security risks on Solana tokens with +18 security indicators. Some of these include mint risk, freeze risk, liquidity check, metadata immutability, and many more.

In the future versions of the blockchain intelligence tool, over 40 security indicators will be used to analyze Solana tokens, and an API will also be deployed for ecosystem partners building with our technology.

Solsniffer aims to become a leader in the blockchain intelligence sphere on Solana.

“As the first blockchain intelligence app of its kind on Solana, we believe Solsniffer represents the need for traders to be safe and to understand the risks of the tokens they interact with. It is no longer business as usual for scammers; it’s time to be a step ahead of fraud,” say the team founders.

Experienced with innovative blockchain products, the team is planning to release a new platform update every week until the roadmap is completed.

Announcements will be released in the coming weeks inside the Solsniffer Telegram community.

For more information, visit solsniffer.com.

About Solsniffer

Solsniffer is the first Solana token sniffer against vulnerabilities, security risks and frauds. As visionaries in the blockchain security space, the Solsniffer’s team aims to set a new security standard on Solana. With its 1-click token scanning, Solana users can make better-informed decisions by detecting potential scams.

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Terraform Labs Launches Warp Protocol v2, the Decentralized Automation Layer for Cosmos

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Terraform Labs PTE Ltd. (TFL), a leading software company specializing in blockchain technology, today announced the launch of a major upgrade to Warp Protocol, the decentralized automation layer for the Cosmos ecosystem that allows developers to create novel features and experiences for their users through cost-efficient, on-chain automation—no smart contract changes needed.

Warp v2 features improved account management, a revamped fee mechanism with a more dynamic and flexible fee calculation system, and switch statements for Warp job executions.

“Our team at TFL has been laser-focused on building and bringing best-in-class, cross-chain applications to market,” said Chris Amani, CEO of Terraform Labs. “Warp v2 brings exciting new features and utility to developers in the Cosmos ecosystem. As we continue to build, we look forward to rolling out more additions and updates to TFL’s cutting-edge suite of applications this year.”

Warp enables developers to schedule future transactions, referred to as “jobs,” by defining specific conditions based on on-chain data. When these conditions are met, anyone running a Warp keeper bot can execute the job and receive the rewards set for job execution by the job creator. Warp’s flexible design opens up a wide range of possible use cases, such as automated liquidity management, trading strategies, efficient reward systems, fund migration, and more. Instead of modifying smart contract functionality to enable new automated features, developers can attract new users and capital simply by integrating Warp functionality into their front end, allowing their users to set their desired conditions and create Warp jobs.

The Warp Protocol v2 upgrade is TFL’s latest expansion of its Web3 offerings. The Company recently announced its acquisition of Pulsar Finance, a leading cross-chain portfolio manager and data provider, and launched Station v3, its cross-chain wallet enabling seamless multi-chain token swaps and sends, gas fee token top-ups, and advanced cross-chain transaction history.

About Terraform Labs

Established in 2018 and based in Singapore, Terraform Labs PTE Ltd. (TFL) is a leading software development company specializing in blockchain technology. Powered by a globally distributed workforce of experienced Web3 developers and crypto natives, TFL is one of the few companies to have developed an end-to-end Web3 experience, inclusive of a blockchain, wallet, block explorer, RPC solution, set of apps, and a suite of developer tools. Aiming to enable the next evolution of the Internet built on robust, decentralized economies, TFL serves as a core contributor to the Terra blockchain and is the creator of products and tools such as Alliance, Warp, and Enterprise.

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YARD Finance, a Crypto Payment Protocol, exits stealth mode and opens access for early users

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YARD Finance, a crypto payment suite allowing to implement crypto payments using any web2 human-readable identifier, announced the first successful partnership integration and has granted the API access to early partners, with the intention of releasing a beta version for end users in Q1. YARD’s protocol will allow blockchain businesses to boost user acquisition and engagement by letting their clients make crypto payments using human-readable identifiers like email address, phone number or Telegram handle.

“YARD allows businesses onboard to crypto literally anyone, no matter if they have a wallet address or not by sending them tokens via their web2 handles. Our mission and endgame is to completely remove the boundaries between crypto and fiat, allowing everyone to benefit from using crypto without even touching it” – said YARD CBDO.

For businesses the protocol provides an additional revenue stream based on transactional activity through seamless implementation of human-readable identifiers into any fund transferring actions, like top-ups, withdrawals, swaps or internal interactions between users. YARD also claims to be the easiest way to onboard new users, who have never been to crypto before, to the business.

For end users YARD provides an easy, native and cost-effective way to send crypto to their contacts, combining the complexity of technology with familiar interaction patterns from the Web 2.0 world.

“We have a pipeline of partners for integration for Q1-Q2, to kickstart protocol adoption. In Q2 we’re planning the public beta launch of our platform for B2C clients. We’re also working on expanding its partner network on the service side, in order to broaden the geographic coverage of the services provided, in strict compliance with regulatory requirements, to make it safe, fast, and ready for truly global adoption”, commented CBDO.

It is worth noting that the YARD team currently consists of ten people with a combined experience in the blockchain industry of more than 30 years in projects such as Changenow, Neonchain, Hitbtc, Guarda, Cryptopay, Metamap and others.

Our company has earned the trust of significant market players, such as Onez. This validation from industry leaders speaks volumes about the quality and reliability of our products/services. It underscores our commitment to excellence and positions us as a reputable choice within the market.

Learn more about the platform here.

About YARD

YARD Finance is a crypto payment suite designed to help web3 business to boost revenue and user engagement by implementing and scaling crypto payments using human-readable identifiers with minimal effort in no time.

YARD protocol – provides a secure, customizable and human-readable handle, based on your email / phone number / telegram handle / social accounts / etc., which links to public wallet addresses on all supported chains. It allows onboard crypto newcomers via any supported channel and fulfils the needs of experienced users by supporting 40+ blockchains with an additional privacy layer.

Social links

Hop on a call to see YARD in action: https://calendly.com/yard-finance
X/Twitter: https://twitter.com/yard_finance
Linkedin: https://www.linkedin.com/company/yard-finance

Media contact

Brand: YARD
Email: [email protected]
Website: https://yard.finance

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UniLend V2 Launched on Mainnet: First-Ever Permissionless Lending and Borrowing Protocol for All Digital Assets

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UniLend Finance, a leading decentralized finance protocol, has launched its revolutionary new version UniLend V2 on the Ethereum Mainnet. UniLend V2 marks a significant milestone as the first-ever permissionless lending and borrowing protocol for all ERC20 tokens, opening doors to DeFi for everyone and revolutionizing the digital asset landscape.

Being listed on both Binance and Coinbase Custody, UniLend Finance has significantly broadened its horizons on a global scale. This strategic move exposes the project to a vast audience of crypto enthusiasts and investors worldwide, solidifying its pivotal role as a transformative force in the DeFi ecosystem.

The DeFi sector has experienced exponential growth in recent years; however, many tokens remain unsupported by existing protocols such as Aave and Compound, leaving a substantial portion of the market devoid of DeFi functionalities. With UniLend V2, users can now lend and borrow over 13,000 ERC20 tokens, empowering users with unparalleled access to decentralized finance. This groundbreaking initiative propels the total addressable market of DeFi to over $300 billion, democratizing access to financial services for all.

UniLend’s mission, “Make Every Digital Asset Productive,” underpins the platform’s commitment to enhancing the functionality of digital assets. UniLend V2 represents a significant leap forward in achieving this vision, positioning the protocol as a cornerstone of future DeFi applications.

UniLend V2 introduces innovative features such as Isolated Dual Asset Pools for lending and borrowing, leveraging price feed oracles, and gas optimization to enhance efficiency and security. Additionally, the platform offers Flexible Lending, Flash Loans, Non-Fungible Liquidity, Concentrated Liquidations, OnChain Price Feed, and a Seamless User Experience, ensuring a comprehensive and user-friendly DeFi ecosystem.

UniLend’s journey began with UniLend V1, which introduced the concept of permissionless flash loans. Over the past two years, UniLend V1 has executed more than $50 million in flash loans across Ethereum, Polygon, Binance Smart Chain, and Moonriver, with over 25 supported tokens. It laid the foundation for the evolution of decentralized finance.

The success of UniLend V2 on the testnet underscores its readiness for the market. With over 100,000 transactions across 50+ test liquidity pools and 12,000 active users, demonstrated its scalability, efficiency, and reliability. UniLend V2’s smart contracts have undergone rigorous audits by leading firms Peckshield and Slowmist, ensuring the highest standards of security. Additionally, the launch of the ImmuneFi Bug Bounty program, with a reward pool of $25,000, underscores UniLend’s commitment to safeguarding user funds.

With an impressive portfolio of over 100 strategic partnerships like Polygon, Injective, Chainlink, and many more, UniLend’s ecosystem is dynamically expanding. The platform continues to empower an increasing array of assets with its flagship lending and borrowing functionality, contributing to the ongoing evolution of decentralized finance.

As UniLend charts the course for the future of decentralized finance, the platform cordially invites its extensive global community, which encompasses 147k community members across 13 distribution channels and 8 regional communities, as well as the broader Web3 community, to experience their revolutionary UniLend V2 protocol and unlock the productivity potential of every digital asset.

“This marks just the beginning as we envision UniLend to be a futuristic base layer for all Future DeFi applications. With UniLend V2, we’re not merely launching a protocol; we’re igniting a movement—a movement to unlock the potential of all assets and empower everyone to lend and borrow any token. The UniLend V2 launch signifies our determination to revolutionize Decentralized Finance” said Chandresh Aharwar, UniLend Finance CEO.

About UniLend Finance:

UniLend Finance is a leading multichain permissionless lending and borrowing protocol that enables users to lend, borrow, and earn interest on any ERC20 token. With a focus on decentralization and inclusivity, UniLend aims to empower users by making every digital asset productive. UniLend V2 represents the next evolution in DeFi protocols, offering innovative features and unparalleled accessibility. They are developing a futuristic base layer for all DeFi applications.

For more information, visit website: https://unilend.finance
Twitter: https://twitter.com/UniLend_Finance
Telegram: https://t.me/UniLendFinance
Medium: https://medium.com/unilend-finance
LinkedIn:https://www.linkedin.com/company/unilend-finance
Linktree: https://linktr.ee/unilend

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Laser 2: An introduction to the protocol to bring Ethereum to the next level

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Laser2, built on the Ethereum network by a team of experienced developers with a comprehensive roadmap, is bringing exciting new opportunities for both users and developers. For non-technical individuals and those with little knowledge of cryptocurrencies, in a nutshell, Laser2 is a playground where users can use Ethereum and stablecoins to earn extra rewards in conjunction with your favorite decentralized applications. When one holds Ether on the Ethereum network, one does not earn anything extra. By using Layer2, Ether – as well as stablecoins – automatically grows over time. This is referred to as ‘earning yield’ in Decentralized Finance.

There are a number of core features to Laser2 that are mentioned below:

  • Laser2 gives rewards of up to 5% annual percentage yield for Ether and stablecoins enabling users to earn passive income by staking their assets on the Laser2 platform.
  • By using Laser2 in order to earn yield, users can benefit from Laser2’s seamless integration with Lido and MakerDAO. Due to the nature of Decentralized Finance, the protocol automatically and in a decentralized way calculates the yield rewards without anyone manipulating the numbers.
  • Laser2 gives extra incentives for early adopters and early developers who will deploy on the platform after Laser2’s mainnet launch with airdrops both for users and developers. To stay up-to-date with airdrop news, join our community on Discord, X, or both.
  • Laser2 will soon launch its referral program allowing community members to earn additional yield based on the number on their individual referrals. Additionally, the community members will earn additional rewards based on the points of their referrals.
  • One of the eternal problems of the Ethereum network have been the high gas fees users pay for transactions. Laser2 manages to stand out by enabling the users to pay transaction fees not only in the ERC-20 token of their choice but also by providing the lowest fees among other peer L2 solutions currently on the market.
  • Developers can capitalize on Laser2’s Ethereum Virtual Machine toolkit to build and integrate their own dApps and smart contracts. The integration works seamlessly and offers a smooth and easy development experience.

The unique feature ofd Laser2 that makes it stand apart from the rest of the peer protocols offering yield is that Laser2 allows for Gas Revenue Sharing back to dApps programmatically. Developers are thus enabled to subsidize gas fees for users fostering a collaborative rather than competitive ecosystem when it comes to revenue generation.

Besides the benefits of Laser2 mentioned above, the Laser2 has a clear and comprehensive roadmap. The roadmap illustrates only the few things Laser2 has in store for 2024 and beyond and it serves to show Laser2’s launch roadmap. In the future Laser2 has plans to allow for integration with additional platforms and protocols in order to enhance the staking experience for the users as well as possibly allow for re-staking and liquid-staking among other plans.

To join Laser2, don’t hesitate to visit our Discord server and become part of our community and if you need help or more information in navigating Laser2.

Laser2 Website: https://laser2.io/
Laser2 X/Twitter: https://twitter.com/Laser2_
Laser2 Medium: https://medium.com/@laser2
Laser2 Telegram: https://t.me/L2_Laser2

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Curtain Fell: Ideal Cooperation Blockchain (ICB) Presents Advanced Blockchain Network at ICO Level

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ICB Crypto Services eagerly announces the initiation of Ideal Cooperation Blockchain (ICB), a prominent venture introduced by ICB Labs. After its recent inception a few years ago, ICB Labs is going to organize an official launch of the blockchain network at the ICO level in Q1 2024, setting new standards within the blockchain industry.

Ideal Cooperation Blockchain network, also known as ICBX, is a promising project focusing on smart contracts and intermediary-free transactions. Addressing the reported troubles and issues found in other blockchains, the ICB blockchain’s foundational layer introduces significant changes, enhancing efficiency and rapid responsiveness.

Brief Description

The PoS Consensus Algorithm in ICBX offers an innovative method for verification and block formation, implementing advanced technologies to increase network performance and trust. CertiK, a leading security-focused ranking platform, has officially approved the ICB project, affirming the measures and precautions taken.

ICB Network’s blockchain bonding mechanism allows participants to lock their tokens as collateral, showcasing commitment and enthusiasm towards supporting decentralized applications within the network.

The democratic governance model within ICB empowers token holders to participate in network decision-making, boosting transparency and active engagement.

Efficient Technical Solutions

ICB Network’s compatibility with the Ethereum Virtual Machine (EVM) empowers developers to create smart contracts securely and efficiently. Adherence to standards like ERC-20, ERC-721, and ERC-1155 ensures accurate smart contract definition and interaction with other EVM applications.

ICB Scan, an explorer within the ICB network, enhances transparency with open-source features, precise transaction tracking, and contract details checking. The ICBX project’s testnet phase and DAO implementation contribute to sustainable and secure development.

About ICB

Established in October 2020, ICB Labs marks the company’s breakthrough into the blockchain industry. With a mission to provide quick, affordable, and advanced blockchain technology, ICB is going to enrich the industry and restore trust through crypto’s potential.

ICB’s ecosystem, ICB NETWORK BIT, is part of a wider interconnected system, aiming to deliver the best possible experience. The ICB token serves as a versatile digital currency, facilitating transactions, network governance, and incentivizing active participation.

Ideal Cooperation Blockchain (ICB) possesses winning features, modern technologies, and commitment to efficiency and security. The launch at the ICO stage will definitely contribute to blockchain development, promising transparency, accessibility, and trust within the ICB ecosystem.

***

For more information, visit the official website at https://www.icb.network/ or check the latest news via the channels specified below:

Twitter: https://twitter.com/icbxnetwork
Telegram: https://t.me/icbnetwork_official
Medium: https://readicbnetwork.medium.com/
Linktree: https://linktr.ee/icbnetwork

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High-potential platform: ICB Crypto Services declares official launch of ideal cooperation blockchain at ICO level

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ICB Crypto Services introduces its brand-new venture, the Ideal Cooperation Blockchain (ICB) network. The official launch of the network at the ICO level is scheduled for early 2024. This promising project is entering the blockchain industry with avant-garde technologies and adherence to the EVM standard.

The ICB network, also known as ICBX, was designed by ICB Labs. Established in October 2020, ICB Labs is an innovative branch of ICB Crypto Services.

The primary goal of their initiative is to enhance blockchain smart contracts and maintain fruitful partnerships with other networks.

The key aspect of the project lies in the foundational layer of the ICB blockchain, designed to tackle challenges observed in prior blockchains, leading to substantial improvements.

Additionally, the ICBX feature streamlines the adjustment of block sizes, ensuring efficient and prompt responsiveness.

The PoS (Proof of Stake) Consensus Algorithm, backed by advanced technologies, increases the level of trust by employing biometric data and KYC to ensure security.

Principal features

ICB network implements Proof of Stake (PoS). It stands out with its exquisite design, cutting-edge features, and dedication to efficiency, security, and scalability. The key points include:

Innovative approach

Integration of advanced technologies and adherence to the Ethereum Virtual Machine (EVM) standard.

Focus on smart contracts

Emphasis on the development of smart contracts and intermediary-free transactions.

Trustworthiness and efficiency

Implementation of PoS Consensus Algorithm to enhance network performance.

Democratic governance

The democratic administration model allows token holders to influence significant network decisions, ensuring transparency and direct engagement.

Token power

The ICB, a versatile digital currency, facilitates transactions, governance, and incentivizes participation across various sectors of the blockchain industry.

Proven security

CertiK, a leading security-focused ranking platform, has officially endorsed ICB, affirming the robust security measures implemented in the project. The ICB network’s blockchain bonding mechanism empowers participants to lock tokens as collateral, fostering trust and incentivizing active participation.

“The platform effortlessly bridges the gap between intricate blockchain technologies and user accessibility. I’ve found the insights provided to be invaluable, offering a unique blend of depth and clarity that’s hard to come by elsewhere.” Chris DeFuria, Chief Executive Officer.

About ICB

Established in October 2020, ICB Labs is the first step for ICB Crypto Services into the blockchain industry. The goal is to address challenges in the blockchain and cryptocurrency space using modern technologies, providing quick, affordable, and advanced solutions.

The launch of the ICB network marks a significant milestone in the industry, combining innovation, security, and transparency. With its remarkable features, trustworthiness, and democratic governance, ICB is determined to influence various blockchain sectors, greeting a new era of digital excellence.

For more information, visit the official website at https://www.icb.network/

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AnonExch.io: Pioneering Untraceable Cross-Chain Crypto Swaps with Minimal Fees. We support most of the major coins, such as BTC, ETH, XMR, USDT, DAI, SOL and more is being implemented regularly

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In the ever-evolving landscape of cryptocurrency, security, privacy, and efficiency are paramount concerns for users engaged in digital asset exchanges. AnonExch emerges as a game-changer in the crypto space, offering untraceable cross-chain crypto swaps at the lowest fees possible through its innovative algorithm. This article explores the features, advantages, and the unique selling proposition of AnonExch, accessible at https://www.anonexch.io.

Untraceable Cross-Chain Crypto Swaps:

AnonExch distinguishes itself by providing users with untraceable cross-chain crypto swaps. Traditional exchanges often require users to link their transactions to identifiable information, compromising privacy. AnonExch addresses this concern by leveraging advanced cryptographic techniques and its proprietary algorithm to facilitate transactions that are practically untraceable. This commitment to privacy aligns with the ethos of blockchain technology, where decentralization and anonymity are highly valued.

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Lowest Fees in the Industry:

One of the standout features of AnonExch is its commitment to offering the lowest fees in the industry. Traditional cryptocurrency exchanges often burden users with high transaction fees, reducing the overall profitability of trading. AnonExch challenges this norm by implementing a fee structure that prioritizes affordability without compromising on the quality and security of transactions. By optimizing its algorithm, AnonExch ensures that users can enjoy seamless crypto swaps without breaking the bank.

Cutting-Edge Algorithm:

At the heart of AnonExch’s success lies its cutting-edge algorithm, a proprietary technology developed in-house to streamline cross-chain transactions. This algorithm not only ensures the security and privacy of users but also contributes to the platform’s low transaction fees. The use of advanced cryptographic principles and decentralized protocols positions AnonExch as a trailblazer in the crypto exchange landscape, setting a new standard for innovation and user experience.

User-Friendly Interface:

AnonExch understands that accessibility is key in the world of cryptocurrency. To cater to both novice and experienced users, the platform boasts a user-friendly interface that simplifies the process of executing crypto swaps. The intuitive design ensures that users can navigate the platform with ease, making AnonExch an attractive option for those looking to engage in cross-chain transactions without the complexity often associated with crypto exchanges.

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Security Measures:

Security is paramount in the world of cryptocurrency, and AnonExch prioritizes the protection of user assets and data. The platform employs state-of-the-art security measures, including encryption protocols and multi-signature wallets, to safeguard against potential threats. Users can trade with confidence, knowing that AnonExch places a premium on the security and integrity of their transactions.

Conclusion:

AnonExch stands out as a beacon of innovation in the crypto exchange arena, offering untraceable cross-chain crypto swaps at the lowest fees possible through its cutting-edge algorithm. With a commitment to privacy, affordability, and user-friendly design, AnonExch sets a new standard for secure and seamless cryptocurrency transactions. As the crypto space continues to evolve, AnonExch paves the way for a future where users can trade with confidence and peace of mind. Explore the world of untraceable cross-chain swaps at https://www.anonexch.io and experience a revolutionary approach to cryptocurrency trading.

https://AnonExch.io

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Klaytn and Finschia Jointly Propose a Chain Merge to Create Asia’s Leading Blockchain Ecosystem

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Klaytn Foundation, established to build and decentralize the ecosystem of South Korea’s leading Layer 1 blockchain Klaytn, has teamed up with Finschia Foundation, the operator of the Finschia blockchain developed by LINE Tech Plus, to propose the merger of the two existing blockchains into a new mainnet. The two blockchain foundations will submit the integration proposal to their respective governance members today to open up the proposal for discussion, and voting will take place from 26 January till 2 February 2024.

The proposal aims to create a new industry leader with a technologically superior blockchain that supports both EVM and CosmWasm, as well as one of the largest ecosystems of DApps and users in Asia. The two foundations will also merge into one organization, combining their technology, services, and business networks which include Kakao, LINE, and many other strategic partners.

The creation of Asia’s largest Web3 ecosystem

The proposed merging of Klaytn and Finschia, the de-facto Web3 leaders in South Korea and Japan respectively, will create Asia’s largest Web3 ecosystem with a massive user base of over 250 million digital wallets interacting with more than 420 DApps. The new mainnet will inherit Klaytn’s integration with Kakaotalk and Finschia’s integration with LINE—both leading messaging platforms used across Asia—bringing a user-friendly, integrated Web3 experience straight into the phones of hundreds of millions of users.

Post-merge, the unified foundation will continue to pursue ecosystem expansion in the RWA tokenization, GameFi and DeFi verticals through collaborations with Japanese, South Korean, and Southeast Asian partners, while continuing to develop messenger-based Web3 services and the digital commerce platform. With access to every Kakaotalk and LINE user, the new public blockchain will also act as a springboard for Asia’s IT and entertainment enterprises. Last but not least, the merger will also create the largest Web3 business network in Asia.

Should the proposal pass both Klaytn and Finschia’s governance voting processes, the two foundations will immediately begin work on the chain merge, as well as the following business initiatives:

  • Infrastructure development to enhance accessibility for institutional investors
  • Strengthening of the DeFi infrastructure and launch of a native stablecoin
  • Discovery and onboarding of AI-based DApps
  • Enhancing the onboarding infrastructure for Web2 companies to bring their digital items, memberships, ticketing platforms and more on-chain
  • Onboarding of top-tier Japanese gaming companies and Web3 projects featuring global IP
  • Cultivating of communities of holders, developers, and partners in each Asian country

Improved tokenomics focused on sustainable value creation

With the chain merge, KLAY and FNSA, the native coins of the two blockchains, will be replaced by a new native coin which will be issued based on the combined total amount of KLAY and FNSA. Holders of KLAY and FNSA will be able to swap for the new native coin upon issuance.

Drawing on the combined experience of both foundations, the proposed tokenomics for this new native coin will focus heavily on delivering sustainable value creation. This will be achieved via a lower base inflation rate and a 3-layer burning model designed to drive the coin towards deflation as network activity increases.

Additionally, 24% of the new coins issued—equivalent to the bulk of non-circulating KLAY—will be immediately burned to implement Zero Reserve Tokenomics, providing holders with greater certainty. Instead of operating off of reserves, the new foundation will operate transparently via an ecosystem fund and an infrastructure fund that are continuously replenished via block rewards.

Enhanced governance, decentralization, and interoperability

Klaytn’s and Finschia’s governance members will also be merged, creating Asia’s largest decentralized Web3 governance structure comprising 45 leading global enterprises with the capacity to expand up to 100 governance members. Permissionless validation is also planned for the new blockchain, allowing anyone to participate as a network validator, enhancing openness and security.

Additionally, with support for both EVM and CosmWasm, the merged blockchain will be accessible to both Ethereum and Cosmos builders, leveraging the technological advantages of each while enabling greater interoperability between the two ecosystems.

“We are excited to be taking the first step toward unlocking the enormous synergy of merging the public blockchains started by Kakao and LINE, which are both leading IT companies in Asia,” said Klaytn Foundation and Finschia Foundation. “We will give our best to make this merge an opportunity to innovate and lead the Asian blockchain industry in both technology and adoption.”

To address questions regarding this proposal, representatives from the two foundations will be speaking at the upcoming Klaytn Community Town Hall scheduled on Friday, 19 January 2024. More information on this Town Hall will be shared on the official community and social platforms of Klaytn and Finschia Foundation.

About Finschia Foundation

The Finschia Foundation is an independent non-profit organization, based in Abu Dhabi, UAE, established in March 2023 to expand public blockchain and Web3 technologies. Inheriting the philosophy of LINE Blockchain’s “Blockchain for All”, the Foundation operates its third-generation public blockchain mainnet Finschia and crypto asset FINSCHIA (FNSA), and aims to achieve a sustainable token model with Web3 users around the world.

About Klaytn Foundation

Klaytn Foundation was established in 2020 to expand the ecosystem of Klaytn, a global Layer 1 blockchain platform, and has since been actively collaborating with its Governance Council members worldwide. Klaytn Foundation facilitates the adoption and development of new technologies to ensure that Klaytn fulfills its role as an open, trusted, and sustainable blockchain platform for developers and users alike. It also facilitates decision-making to ensure that the ecosystem continues to expand optimally in the rapidly changing blockchain landscape. In line with its long-term Governance Roadmap, Klaytn Foundation plans to fully implement the Decentralization Phase of the Klaytn blockchain in 2023 and beyond.

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Blockchain

Nolus Protocol Leads with Stellar Initial Phase Performance

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Nolus is a semi-permissioned blockchain bridging lenders and borrowers in a DeFi money market. With its DeFi Lease, borrowers can secure up to 150% financing on their initial investments, and access to the underlying leveraged assets through whitelisted strategies. In only 6 months since launch, total transactional volume reached almost $15m with a large increase in January reaching $250k daily volume.

Drawing on the principles of conventional leasing, where partial upfront payment leads to eventual ownership after full repayment, Nolus has innovatively adapted this model to reduce the typically high over-collateralization requirements prevalent in the DeFi sector. This strategy enhances capital efficiency and provides borrowers with more favorable loan conditions.

Over 4,000 DeFi Lease positions have been successfully initiated, amounting to an impressive value of more than $8.6 million. These leases are backed by almost $4 million in down payments (collateral). Key assets like ATOM, OSMO, AKT, TIA, wETH, and wBTC are central to the protocol’s growth, with LSDs significantly contributing to the total positions.

Nolus currently oversees more than 1m active leases, with down payments totaling $1.1m to secure $2.6 million in leases. Assets like OSMO and TIA are particularly popular, yielding impressive returns above 150%, while all current positions have an average profit per lease of more than 70%.

The protocol’s effective risk management is evident with only 0.5% of $8.6m lease positions facing liquidation, a testament to its user-friendly liquidation terms. The mechanics of partial liquidations further protects users’ initial investments, a stark contrast to the total equity loss often seen in other DeFi protocols.

Nolus has seamlessly grown its TVL from $1M to $4.5M in just 60 days, driven by a competitive 10% APY real yield for LPs and appealing borrowing conditions.

The imminent integration with Astroport on Neutron is set to propel Nolus further, leveraging Astroport’s liquidity and Neutron’s replicated security backed by the economic strength of the Cosmos Hub. This strategic move, combined with the existing Osmosis integration, promises a more diverse asset range for borrowers, increasing platform activity.

Disclaimer: All data referenced is publicly accessible on-chain, assuring full transparency.

About Nolus

Nolus defines a money market between lenders looking to earn yield on deposited stablecoins and borrowers looking to amplify holdings with more assets than their current equity at lower risk and retained ownership.

The Protocol utilizes a semi-permissioned PoS blockchain built using the Cosmos SDK and a WASM smart contract engine that executes in an isolated sandbox model focused on interoperability, security and performance. Interoperability itself is at the core of Nolus’ offering as the Protocol utilizes IBC and Interchain Accounts to tap into a diverse set of liquidity hubs without creating fragmentation across chains.

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