DeFi
Impact of WaterNeuron on ICP’s DeFi ecosystem
SINGAPORE, June 3, 2024 /PRNewswire/ — As the world of decentralized finance (DeFi) continues to evolve, the introduction of innovative solutions like WaterNeuron is poised to redefine the landscape, especially within the Internet Computer Protocol (ICP) ecosystem. WaterNeuron promises to unlock substantial liquidity, paving the way for a new era in DeFi, marked by unprecedented growth and innovation.
Understanding WaterNeuron and its liquidity mechanism
WaterNeuron is an advanced liquidity release mechanism designed to improve the DeFi ecosystem on ICP. It leverages cutting-edge algorithms and smart contracts to facilitate seamless liquidity provision, bridging the gaps between different financial instruments and protocols. The mechanism works by dynamically adjusting liquidity pools based on market conditions, user demand and cross-protocol integrations, ensuring optimal asset utilization and stability.
Estimated liquidity potential
Given the sophistication of WaterNeuron, it is estimated that this mechanism could unlock substantial liquidity in the ICP ecosystem. Preliminary models suggest WaterNeuron could inject between $500 million and $1 billion in cash in its first year of operation. This influx is expected to fuel a range of DeFi activities, including lending, borrowing, staking, and yield farming, thereby significantly increasing the overall activity and value of the ecosystem.
Impact on ICP’s DeFi ecosystem
The introduction of WaterNeuron is poised to catalyze a major liquidity event within the ICP ecosystem. This “Cambrian explosion” of liquidity will not only improve existing DeFi protocols, but also attract a wave of new projects and innovations. As Bitfinity EVM (Ethereum Virtual Machine) is integrated with ICP, the ecosystem will witness an influx of EVM-compatible DeFi protocols. This interoperability will enable seamless asset transfers and interactions across different blockchain networks, positioning ICP as a formidable player in the DeFi space.
Analysis of locked neurons
The locked neurons of the ICP network play a crucial role in its governance and liquidity dynamics. Neurons are essentially staked ICP tokens, locked for a specified period of time, ranging from six months to eight years. The percentage of liquidity released depends on the length of the retention period:
– Neurons locked for shorter periods (up to 1 year) are likely to release around 20-30% of their value in the form of liquidity.
– Medium-term blockages (1 to 3 years) could free up around 50 to 60%.
– Long-term locks (3 to 8 years) could unlock up to 80% of their value, but with significant governance implications.
The story continues
These neurons, once unlocked, can be used in various DeFi applications within the ICP ecosystem, including staking, liquidity provision, and lending/borrowing platforms.
Usefulness and risks of nICP
nICP (new ICP) tokens will have several utilities within the DeFi ecosystem:
– **Staking**: users can stake on nICP to earn rewards and participate in network governance.
– **Loans/borrowings**: nICP can be used as collateral for loans or to earn interest through lending platforms.
– **Trading**: nICP will be available for trading on various decentralized exchanges, facilitating liquidity and price discovery.
However, there are risks to using nICP:
– **Market volatility**: The value of the nICP could be subject to significant fluctuations, impacting the overall stability of the ecosystem.
– **Governance risks**: large nICP holders could exert undue influence on governance decisions, potentially leading to centralization.
– **Security Concerns**: As with any DeFi protocol, smart contract vulnerabilities could pose risks to funds locked in various applications.
A quote from a major DeFi influencer
Stani Kulechov, CEO of Aave, highlights the transformative potential of liquidity tokens to increase ecosystem liquidity: “The introduction of liquidity tokens significantly increases liquidity within DeFi ecosystems, enabling more efficient use of assets and fostering greater innovation and participation. » [[❞]](https://coinmarketcap.com/alexandria/people/stani-kulechov) [[❞]](https://milkroad.com/news/aave-uniswap-market/).
ICP Hub Singapore and Bitfinity
ICP Hub Singapore, one of 23 national hubs funded by the DFINITY Foundation, plays a pivotal role in the adoption and growth of ICP technology. Co-founded by Aaron and Jenny, the hub has been active for nine months and focuses on outreach, industry meetups, insights and hackathons. Recent events include a national hackathon on AI and blockchain hosted by the National University of Singapore, with future plans for a similar event at the Singapore Management University focused on AI and blockchain in legal technology. [[❞]](https://www.circle.com/en/the-money-movement/the-money-movement-episode-33-defi-in-2021-an-interview-with-stani-kulechov).
The integration of Bitfinity EVM into ICP will be a game changer, enabling the deployment of EVM-enabled DeFi protocols within the ICP ecosystem. The move will improve interoperability, enabling seamless interactions between different blockchain networks and attracting a plethora of new projects and innovations to ICP. [[❞]](https://chainlinktoday.com/aaves-stani-kulechov-and-chainlinks-sergey-nazarov-on-what-it-takes-to-bring-capital-markets-onchain/) [[❞]](https://modern.finance/episode/the-origins-and-future-of-aave-the-decentralized-finance-protocol-to-lend-and-borrow-crypto/).
The way forward: a new era for ICP
With the imminent launch of Bitfinity EVM and the introduction of WaterNeuron, ICP is on the cusp of a significant transformation. The ecosystem is poised to catch up and potentially surpass other blockchain networks in terms of DeFi activity and innovation. This wave of growth will attract developers, investors, and users alike, leading to the next phase of decentralized finance.
In conclusion, WaterNeuron’s advanced liquidity release mechanism is more than just a technical innovation; it is a catalyst for the next wave of growth within the ICP ecosystem. As the ecosystem prepares for this big liquidity event, it is clear that ICP is poised to become a central hub for DeFi innovation and activity, paving the way for a new era of financial inclusion and technological progress.
press contact
Aquatic neuron: www.x.com/waterneuron
Singapore ICP Center: www.x.com/icphub_sg
PCI: www.x.com/dfinity
EVM Bitfinity: www.x.com/bitfinity
Unlocking the Next Wave of Liquidity: WaterNeuron’s Impact on ICP’s DeFi Ecosystem
Cision
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SOURCE PCI Hub
DeFi
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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DeFi
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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Check Price action
follow us on X, Facebook And Telegram
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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
DeFi
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
 
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
DeFi
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.
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