DeFi

Certo Expands Testnet to Include USDC Deposits for StUSD, Its Interest-Generating Stablecoin

Published

7 months ago

8 July, 2024

CoinFlix Staff

Certo Expands Testnet to Include USDC Deposits for StUSD, Its Interest-Generating Stablecoin

Zurich, Switzerland, July 8, 2024, Chainwire

Quick take

Decentralized stablecoin lending protocol Certo, which previously operated with USDT, has added support for USDC deposits and borrowing.
stUSD is an interest-earning stablecoin powered by Certo, a P2P lending protocol designed to work with tokenized real-world assets in the form of US Treasuries.

Certainly, as detailed on Certo.financerepresents a pioneering approach in the field of decentralized finance (DeFi). It is a peer-to-peer (P2P) lending platform that brings real-world assets into the space. Specifically, Certo facilitates the use of tokenized U.S. Treasuries as collateral in a stablecoin loan — and a traditional stablecoin lender, the user receives the interest accrued by borrowers.

stUSD is Certo’s dollar-denominated receiving token, which can be considered a form of interest-earning stablecoin. This digital currency maintains a stable relationship with the US dollar by using a stable collateral of tokenized US Treasuries to maintain price stability, serving as a reliable medium of exchange and store of value for the entire DeFi ecosystem. Most importantly, stUSD is designed to generate interest for its holders, which accrues over time based on the underlying lending activities conducted via the Certo protocol. This feature makes stUSD a potential choice for price stability and interest in the volatile cryptocurrency landscape.

Certo has been in development for some time, with the ambitious goal of bridging the gap between DeFi and real-world assets. Initially, when Certo launched its testnet earlier this year, it exclusively supported deposits and borrowing in Tether (USDT), a stablecoin widely used in the cryptocurrency market. This initial phase allowed Certo to test its systems, ensure robust security measures, and gather valuable feedback from early adopters in a controlled environment.

Today, Certo takes a major step forward by announcing the addition of support for USD Coin (USDC) deposits and borrowing on its testnet platform. This expansion is crucial as USDC is renowned for its wide acceptance in the financial and crypto markets. By incorporating USDC, Certo aims to attract a broader user base and increase the versatility of the platform, allowing more users to participate in testing and refining the protocol’s features.

With the inclusion of USDC, Certo ecosystem participants now have the ability to deposit both USDT and USDC to receive stUSD. This enhancement allows users to preview how their investments are earning interest over time, directly within the Certo interface. This dual stablecoin option not only provides greater convenience, but also enriches the user experience by demonstrating the practical benefits of stUSD in a more diverse and adaptable setting.

While today’s announcement marks a significant milestone, it’s important to note that Certo is still operating in its testnet phase. This stage is critical as it allows developers to refine the protocol’s features, ensure the system’s stability in various scenarios, and most importantly, secure user feedback. The testnet phase is essential for Certo to achieve its goal of creating a seamless and secure bridge between cryptocurrencies and real-world assets, ensuring that once live, the platform can operate efficiently and reliably in the broader DeFi ecosystem.

Through initiatives like these, Certo not only expands its capabilities, but also paves the way for more innovative solutions in the financial technology space.

About Certo

Certo is at the forefront of developing a secure, stable and scalable platform, aiming to bridge the gap between traditional fiat currencies and the digital economy. With a focus on security, transparency and community-driven development, Certo seeks to provide a solid foundation for financial transactions worldwide.

Contact

Certainly
Certo Finance
pr@certo.finance

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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

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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.

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