DeFi

Making sense of the role of embedded DeFi in the future of Web3

Published

8 months ago

17 May, 2024

Making sense of the role of embedded DeFi in the future of Web3

The Web3 space aims to transform payments and commerce via blockchain technologies.

And with the news on Wednesday (May 15) that Safe has announcement integrating native swaps directly within its Web3 SafeWallet platform, bringing the benefits of integrated decentralized finance (DeFi) – such as transparency, cost reduction and accessibility – into traditional finance and transactions daily is a priority for forward-looking organizations.

A native swap in the context of cryptocurrency refers to the exchange or trading of digital assets directly within a blockchain network without the need for third-party intermediaries or services. This is usually done through decentralized exchanges (DEXs) or liquidity protocols that run on the blockchain itself.

By providing users with access to DeFi services without the need to navigate complex blockchain interfaces or manage multiple wallet integrations, proponents of the Web3 space believe they will be able to expand adoption to what has traditionally been focused on technology and not user experience. driven cryptographic landscape.

According to the company’s press release, over the past three years, a total of $23 billion in swap volume has been made easier through Safe Smart Accounts – only previously, users looking to trade tokens had to navigate to external websites.

“Prioritizing seamless experiences and MEV (maximum extractable value) protection through intent-based architecture” is a “game changer,” said the Safe co-founder. Lucas Schor.

Learn more: How Integrated Payments Help Businesses Own Key “Micro-Moments”

Leveraging Web3 for Financial Services Integration

This move by SafeWallet is indicative of a broader trend in the FinTech sector towards integrated finance. Integrating DeFi protocols and services directly into traditional and non-traditional financial applications, platforms and services can streamline processes such as lending, borrowing and trading, making them more efficient and profitable.

Indeed, DeFi can offer new credit and lending models, such as collateralized lending, credit delegation, and decentralized credit scoring. These models can be integrated into e-commerce platforms, providing consumers with more flexible financing options.

By removing middlemen, DeFi can significantly reduce transaction fees associated with payments and transfers. This is particularly beneficial for cross-border transactions, which are typically expensive and slow with traditional banking systems.

And DeFi protocols can facilitate near-instant transaction settlement. This can improve the efficiency of payment systems and reduce counterparty risk associated with settlement delays.

Sheraz Shereresponsible for payments at Solana Foundationtold PYMNTS on Monday: “It’s important to know that crypto is not just bitcoin and Doge and NFT… Blockchains are truly alternative avenues for payments and financial assets.

Additionally, DeFi protocols are often interoperable and composable, meaning they can be combined in different ways to create new financial products and services. This flexibility enables innovative applications tailored to specific industry needs.

Learn more: This Week in Web3: Crypto Payment Rails and Regulatory Clarity

The regulatory elephant in the Web3 room

But while integrated DeFi offers many possibilities, it also presents challenges such as regulatory uncertainty, security risks and the need for user training. Addressing these challenges is crucial for the widespread adoption and success of integrated DeFi solutions.

Like PYMNTS did coveredDeFi services have come under scrutiny by lawmakers as being susceptible to abuse by bad actors due to their anonymity capabilities and the ability for end users to bypass your customer (KYC) checks and your company (KYB) during transactions.

By directly connecting buyers and sellers without any intermediaries, DeFi platforms aim to eliminate the risk of embezzlement or embezzlement. poor management of the platform (a la FTX) by leveraging algorithmic automation to anonymously match interested parties.

Of course, this entirely technical approach also helps obscure the various parties and is commonplace when it comes to money laundering and abuse by bad actors.

By a US Treasury Department report last April, “illicit actors, including North Korean criminals, scammers and cyber actors, are using Challenge services in the process of laundering illicit funds.

And as indicated in the “2024 national strategy to combat terrorism and other illicit financing“, a Treasury report released Thursday, May 16, the executive department “continues to work with Congress on potential legislation related to AML/CFT and sanctions frameworks for virtual assets and to evaluate possible regulatory clarifications for prevent illicit actors from abusing the virtual asset ecosystem.

See more in: Blockchain, cryptocurrency, decentralized finance, Challenge, Integrated DeFi, integrated finance, Financial Technology, News, PYMNTS News, ON, Secure wallet, Technology, Web3

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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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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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