Flare Finance Partners With XinFin Network

Flare Finance Partners With XinFin Network
фото показано с : zycrypto.com

2021-6-22 19:26

While the cryptocurrency space is still evolving, several platforms are working endlessly to make the experience welcoming for new users. Making it simple for new users is bound to help them get acquainted with cryptocurrencies. One of the best ways to achieve that is with partnerships between different protocols and bringing together their individual offerings for the greater good. 

One of the most significant partnerships of 2021 could be the one between Flare Finance and XinFin Network. Flare Finance can achieve true interoperability with this partnership and become the epicentre for numerous blockchain communities. 

Flare Finance and XinFin Network

The partnership between Flare Finance and XinFin Network will lead to the creation of a bi-directional bridge that will stimulate the free flow of digital assets from either chain onto the other chain. 

Essentially, XinFin Network will be able to wrap and bridge XDC (the native token of XinFin Network) to Flare Finance. F-Assets could also be minted to the XinFin Network using the bidirectional bridge. Flare Finance also announced its plan to support XDC across all its products.

For example, XDC holders can mine YFIN by participating in the FlareFarm (mining platform of Flare Finance). XDC holders will be able to use the tokens as collateral by staking them on FlareLoans to borrow stablecoins and earn a variable APY. Apart from these, XDC holders can utilize all the six products offered by Flare Finance. 

Flare Finance will support various assets, including FLR, XRP, LTC, XLM, DOGE, ALGO, ADA, SHIB, SANSHU, TEL, CEL, BNB, CAKE, with the newest addition of XDC. This impressive set of assets and the strategic partnership with XinFin Network will help Flare Finance to add value to an already impressive ecosystem. 

Flare Finance

Flare Finance is built on Flare Network but operates as a separate entity. It uses Flare Network’s Avalanche consensus protocol to improve its token capabilities and leverages its efficient contracts for better spot trading and P2P margin functionalities. 

Flare Network aims to unlock the value of locked assets of chains that do not have native smart contracts. Flare Finance will provide a DeFi platform for this unlocked assets ensuing utility and value 

Flare Finance offers a range of products which includes:

FlareXFlare WrapFlare FarmFlare LoansFlare MutualFlare USD

XinFin Network

XinFin Network is a hybrid interoperable blockchain that works with different international governments to reduce the gap in global infrastructure. It is a strong competitor for Ethereum Network because of its low fees and 2000 TPS capacity. 

XinFin is a fast network that takes an average of 2 seconds to process a transaction on the XinFin Network’s protocol. Also, the company manages its carbon footprint by being an extremely energy-efficient network that uses only around 0.0000074 TWh of energy. 

The organization aims to resolve the pain points of global infrastructure using blockchain technology. The core idea behind the network is to create a secure and transparent platform for cross-border transactions. With this partnership with Flare Finance, both protocols have only grown stronger and seem poised to change the crypto and DeFi space.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Time New Bank (TNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0020147 (-100%)

users new welcoming making experience simple acquainted

Источник: zycrypto.com

users new → Результатов: 126


Фото:

Poloniex Revised Terms of Use, Shutters Services in Several Countries

With a revision to the popular exchange’s terms of use, users from a handful of jurisdictions will have their access to Poloniex shuttered. According to an October 18, 2018, update, “the websites and the services offered by Poloniex (as defined below) are NOT addressed to persons who have their registered office or place of residence in China, Germany, Pakistan, the U.

2018-10-26 22:46


Фото:

Huobi Joins OKEx in Adding Four New Stablecoins

Huobi Global has announced its decision to list four USD-pegged stablecoins by the end of the week. In a support notice published on its platform, the company noted that users will be able to make deposits for Paxos Standard Token (PAX), True USD (TUSD), Circle’s (USDC), and Gemini exchange’s (GUSD) on its exchange starting from Friday, October 19, 2018 (GMT +8).

2018-10-17 21:15


Фото:

Bitfinex Reopens Deposits But Stays Silent About Bank Arrangements

Cryptocurrency exchange Bitfinex confirmed it has reopened fiat currency deposits for all users October 16th, while remaining secretive about changes in its banking relationships. ‘New, Improved And Increasingly Resilient’ In a blog post, the exchange, which on Thursday began restricting deposits for certain users, said it had finished implementing what it described as “a new, improved and increasingly resilient fiat depositing system.

2018-10-16 18:00


South Korea’s Bithumb Crypto Exchange Set for a Security Overhaul After 50% Acquisition

Bithumb crypto exchange has for the past few years battled security breaches and hacks resulting to millions of dollars in investor’s funds being stolen. Will the new 50% stake acquisition by BK Global Consortium solve these persistent problems and increase the users of Bithumb exchange further? Bithumb, South Korea’s largest cryptocurrency exchange, sold 50% of […]

2018-10-15 18:51


Bitfinex to launch a new and improved Fiat currency processing system tomorrow

Fiat customers of major crypto exchange bitfinex can now smile as the exchange has said it will launch its new Fiat currency processing system by tomorrow 16 October 2018. Bitfinex announced this on its blog and social media page today explaining that the suspension of fiat processing though inconvenient for users was done to improve […] The post Bitfinex to launch a new and improved Fiat currency processing system tomorrow appeared first on ZyCrypto.

2018-10-15 18:01


Фото:

Binance will launch its first cryptocurrency-to-fiat trading pairs in Uganda

After a registration process lasting some four months, Binance will finally offer fiat-to-cryptocurrency trading pairs through its new Uganda exchange, with deposits opening on Wednesday. Announced via press release, Ugandans are now able to fully submit identity documents and begin depositing fiat ahead of live trade, something expected to start in two weeks.

2018-10-15 14:54


New Zealand PM Used As Pawn In Fake News Site

Jacinda Arden, Prime Minister of New Zealand has had her face used by a fake news site in order to promote articles aimed at Facebook to encourage a crypto startup. A local media source, ‘Stuff’ reported on Friday that multiple sponsored posts have recently been promoted on Facebook by using the likeness of the New Zealand PM with headlines such as New Investment Plan For Kiwis which were targeted at several different age groups around the country.

2018-10-12 16:30


Фото:

Nigerian Startup Kubitx Launches Bitcoin Exchange in Beta

Kubitx, a Pan-African financial technology startup registered in Malta, announced the beta launch of its new cryptocurrency exchange on Thursday. The platform, which supports seven digital coins for the test, including BCH and BTC, will initially be available to users in Nigeria, before the company expands it to other African countries in the coming months.

2018-10-12 00:30


Фото:

Google: ‘Money Isn’t Real’

The search engine mogul Google subtly revealed its feelings on Bitcoin and cryptocurrencies through an ad for its new Call Screen service. ‘Well, I’ve Got News For You – Money Isn’t Real’ Google recently released an ad for its new Call Screen service which allows users to interact with callers prior to answering the phone.

2018-10-11 06:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Liquid Staking Platform Stride Protocol Integrates Namada to Offer Dual Rewards for LST Holders

The integration will enhance data protection on shielded sets on Namada while allowing Stride protocol LST holders to utilize their tokens for extra shielding rewards in $NAM tokens.  Stride protocol, a multichain liquid staking platform that allows users to utilize and manage their liquid staking tokens (LSTs), announced the integration of the multi-asset shielding protocol, […]

Bitget Announces Launch of its Telegram Signal Bots Service

Bitget recently introduced beta testing for its new native Telegram signal bot. Bitget, the cryptocurrency exchange, has just unveiled its latest offering: the Telegram Signal Bots service. Telegram group owners can access the option for free during the beta testing phase, which will end on June 27.

How BRC-420 is Unlocking the Potential of Bitcoin NFTs

The emergence of the Ordinals protocol transformed how we perceive and interact with the world’s leading cryptocurrency network and asset. Launched in January 2023 by Bitcoin developer Casey Rodarmor, Ordinals enabled bitcoiners to ‘inscribe’ media (images, text, audio, video) onto satoshis, Bitcoin’s lowest denomination, effectively turning them into NFTs.

The Pros And Cons of Staking: How Can You Benefit Despite Market Swings?

Crypto staking is one of those unique elements of Web3 that combine traditional ideas with new ways to use blockchain technology.   It examines how these crypto-based systems are set up foundationally and aligns the needs of the crypto platform itself with the motivations of its members.