DeFi

EtherFi, ETFSwap and Pendle generate new opportunities in the challenge

Published

9 months ago

7 May, 2024

EtherFi, ETFSwap, and Pendle drive new opportunities in defi

Disclosure: This article does not represent investment advice. The content and materials presented on this page are intended for educational purposes only.

EtherFi, ETFSwap and Pendle stand out as promising players in the rapidly expanding defi sector, offering potential opportunities for substantial portfolio growth.

Defi, short for decentralized finance, is a model that organizes and enables cryptocurrency-based transactions, financial services, and exchanges without a centralized authority dictating or controlling operations. Tokens in this sector like EtherFi (ETHFI), ETFSwap (ETFS)and Pendle (PENDLE) are known for delivering massive investment returns due to their high demand.

This demand is due to the fact that tokens are used in Defi to provide crypto users with access to a number of banking-like services, such as loans, lending, and insurance. As such, it has become one of the fastest growing sectors in the cryptocurrency industry, with a market capitalization of $82 billion.

Despite its gigantic growth, defi still occupies a relatively small proportion of the overall cryptocurrency market. That being said, this makes for a very fertile environment for newcomers to exploit and reap abundant rewards.

EtherFi new collaboration promises more rewards

EtherFi is a well-known decentralization-based staking protocol built on the Ethereum blockchain. It offers users the unique ability to stake their Ethereum (ETH) holdings while retaining control of their private keys. The protocol’s rollover functionality, which automatically compounds staking rewards to generate higher returns over time, eliminates the need for manual intervention and provides optimal earnings for its native users.

EtherFi CEO Mike Silagadze announced a collaboration with SSV Network, which introduces advanced security and reliability to its replenishment operations. He said EtherFi has always focused on improving the decentralization and robustness of its operations.

However, experts believe that the partnership was entered into in the hope of retaining users of the EtherFi (ETHFI) protocol, as the industry is witnessing a mass exodus of seasoned investors and newcomers to the ETFSwap platform.

Pendle becomes main challenge token

As a yield management protocol, Pendle (PENDLE) allows its users to access more yield-generating assets by separating them into multiple parts and allowing them to speculate on the movement of the underlying yield.

PENDLE’s listing in Binance’s Innovation Zone has helped bring the protocol to the mainstream, making it a favorite among challenge enthusiasts. Speculation about points programs and their planned future airdrops has greatly fueled demand for Pendle.

However, despite being one of the best performing established challenge assets in 2024, crypto whales have predictably abandoned PENDLE at the first retail opportunity.

A leading crypto whale identified by the address 0xb26 has deposited a significant amount of PENDLE on the Binance exchange. The massive transfer of 784,231 PENDLE is valued at approximately $4.12 million.

The price surge on the network saw approximately 2.743 million PENDLE sold at an average of $5,141 each, achieving a 255% profit increase.

This has raised eyebrows in the cryptocurrency community, sparking discussions about potential market impacts, with whales setting their sights on the recent arrival of EtherFi distributions and the appeal of the newest and most promising token of the ecosystem, ETFSwap (ETFS).

ETFSwap continues to magnetically attract crypto whales

ETFSwap (ETFS) provides investors with decentralized access to institutional ETFs. By tokenizing ETFs such as fixed income, crypto and commodities ETFs, the platform opens up the possibility for investors to own real-world tokenized assets, which experts have touted as the next Bitcoin (BTC).

New investors would greatly benefit from joining the savvy investors who are mass adopting ETFSwap (ETFS), in recognition of the passive income potential through staking the platform’s native ETFS token. They can also take advantage of the 10x leverage option offered on the platform for a guaranteed 1,000x profit margin.

Over the past few weeks leading up to the final days of Stage 1 of its presale, the volume of liquidity flowing into the platform, with over 45 million tokens sold, lends credence to the fact that ETFSwap (ETFS) is the project for any investor looking to 100x their portfolio.

Stage 1 of the presale is currently selling at $0.00854 and Part A ends in less than a day, with Stage 2 expected to price at $0.01831.

For more information on the ETFS presale, visit the ETFSwap presaleOr join the ETFSwap community.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should conduct their own research before taking any action related to the company.

Fuente

DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

No spam, no lies, only insights. You can unsubscribe at any time.

Fuente

DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured image: Shutterstock/ktsdesign