DeFi

DeFi Technologies CEO talks about the industry’s first yield-bearing Bitcoin ETP

Published

8 months ago

20 May, 2024

DeFi Technologies CEO on the industry’s first Bitcoin yield-bearing ETP

Crypto.news sat down with Olivier Roussy Newton, CEO of DeFi Technologies, to explore the Valor Bitcoin Staking ETP, the first product to merge Bitcoin with yield-generating staking mechanisms.

Bitcoin holders have traditionally missed out on staking opportunities available for other cryptocurrencies due to Bitcoin’s dependence on Bitcoin. Proof of Work (PoW) consensus mechanism. PoW requires miners to solve complex mathematical puzzles to validate transactions and secure the network.

Due to the size of the Bitcoin network, significant computing power is required, which consumes significant amounts of electricity.

As an alternative, Proof of Stake (PoS) allows users to validate transactions based on the number of coins they hold and put up as collateral. In a PoS system, validators are chosen based on the amount of cryptocurrency they hold and are willing to “stake” as collateral.

This approach allows participants to earn returns simply by holding and staking their tokens. The process is more energy efficient and more accessible.

In contrast, Bitcoin’s PoW system rewards miners with newly minted coins and transaction fees for solving computational puzzles. However, reward generation is limited to those who can afford the inherent expenses associated with the Bitcoin approach.

Therefore, Bitcoin holders rely on price appreciation for returns, thereby missing out on the yield generation mechanisms available in PoS networks.

Recent innovations are filling this gap by introducing ways to stake Bitcoin. For example, blockchain networks like Basic chain enable Bitcoin staking via mechanisms that combine PoW and PoS elements.

Core Chain’s protocol, known as Satoshi Plus, allows Bitcoin holders to earn returns by staking their BTC non-custodially, maintaining control of their assets while participating in network operations to earn rewards .

Through this, Bitcoin holders gain a way to generate passive income from their holdings without compromising the fundamentals of Bitcoin’s PoW-based security model.

The Valor Bitcoin Staking exchange-traded products (ETP) capitalizes on this technological advancement, providing investors with a secure and regulated way to earn staking rewards directly through Bitcoin.

Newton explains how this could transform the Bitcoin investment landscape.

Can you provide an overview of the Valor Bitcoin Staking ETP and discuss the inspiration behind its launch?

Valor is at the forefront of regulated crypto products, accessible to a wide audience. They recognized that one of the problems with BTC products is that they either fail to generate returns or have to take major risks to do so. After seeing the benefits of Core Chain’s non-custodial BTC staking, Valor realized it could offer its users BTC with a yield without involving new risk assumptions.

How does the BTC staking program work on Core Chain? What guarantees its safety and effectiveness?

BTC staking allows the most valuable digital asset to be used to secure the Core blockchain. Importantly, BTC staking uses native Bitcoin features, such as absolute time locks, to ensure that staked BTC never leaves the Bitcoin chain. Users simply lock their BTC on the Bitcoin blockchain, use that locked BTC to vote for validators on Core Chain, and then earn rewards from the validators securing Core Chain while their BTC is still locked. Thus, BTC secures Core Chain without ever leaving the Bitcoin chain. BTC staking is part of Satoshi Plus, which is Core Chain’s consensus mechanism. When Valor stakes BTC with Core Chain, they participate in the election of trusted validators who then create blocks on Core Chain.

Given the challenges faced by other yield-generating platforms such as Celsius and BlockFi, what sets the Valor Bitcoin Staking ETP apart from these offerings?

First, skepticism is always necessary when it comes to crypto, and everyone should do their own research. It is important to note that Valor has a very different profile than entities like Celsius and BlockFi. Valor is a regulated and publicly traded company with many existing ETPs. Additionally, the source of the performance of this particular product is very clear. Valor’s Bitcoin Staking ETP yield can be found in Core Chain’s non-custodial BTC Staking. “Non-custodial” BTC staking means that BTC held by Valor never needs to change hands. There is no additional counterparty risk. The only counterparty risk comes from Valor, which is the same as a Valor BTC ETP with no yield.

How do Bitcoin miners contribute to the Core Chain network and what impact does their participation have on the security and rewards structure?

Just as BTC stakeholders delegate their BTC to elect validators on Core Chain, Bitcoin miners and mining pools can delegate their hashing power to Core Chain to elect validators. In exchange for participating in Satoshi Plus, Bitcoin miners and mining pools earn CORE rewards. As Bitcoin miners are the decentralized defenders of Bitcoin itself, their involvement in Core Chain further decentralizes validator election and aligns Core Chain with the Bitcoin blockchain.

Finally, can you tell us how the “Satoshi Plus” consensus mechanism refines traditional Bitcoin proof of work, particularly in terms of security and efficiency improvements for stakeholders?

Satoshi Plus provides tangible value to Bitcoin stakeholders through various means. First, Satoshi Plus rewards Bitcoin miners for delegating their hashing power, thereby providing additional incentive for Bitcoin miners to secure the Bitcoin network. Second, Satoshi Plus’ BTC staking brings native yield to Bitcoin for the first time in history. Bitcoin now offers rewards like Ethereum without compromising any of its design principles.

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/

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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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