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DeFi

Ondo Finance and Pyth Partner to Integrate Institutional Assets into 65+ Blockchain Ecosystems

CoinFlix Staff

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new price feed

Learn how Ondo Finance and Pyth Network are revolutionizing decentralized finance by integrating institutional assets into 65+ blockchain ecosystems. See how their partnership improves on-chain accessibility to traditional assets, benefiting smart contract developers and DeFi users.

DeFi is set to revolutionize financial markets and the financial industry by enabling decentralized access to traditional assets. To fully leverage this potential, on-chain users need seamless access to these assets across various blockchains and decentralized applications.

Ondo Financea leading provider of tokenized real assets, has partnered with Pyth Network to bring this vision to life. Their collaboration has led to the launch of USDY/USD Price Feed by Pyth, now available in over 65 blockchain ecosystems. This milestone enables smart contract developers around the world to consume real-time feeds for Ondo’s yieldcoin, USDY.

This development opens new opportunities for developers and projects to integrate institutional assets on-chain, enhancing the potential of DeFi. Pyth Network’s 100+ proprietary data providers are ready to support more real-world assets as requested by Web3 developers.

“This is a major step forward for developers and projects building the future of finance. Many leading DeFi applications and protocols rely on Pyth as their oracle provider, and this USDY/USD price feed marks an important step toward bridging the fragmented nature of blockchain ecosystems to make institutional assets broadly accessible.” — Katie Wheeler, VP of Partnerships at Ondo Finance.

What is Ondo USD Yield Token?

Ondo’s USDY (US Dollar Yield) is a tokenized note backed by short-term US Treasuries. USDY offers a stable and yield-generating alternative to traditional stablecoins, combining the benefits of on-chain finance with the stability of traditional assets. Backed by safe and liquid assets, USDY offers sustainable yields to institutional and individual participants in on-chain capital markets.

Learn more about USDY here.

Developing the potential of DeFi with USDY

The launch of Pyth’s USDY/USD Price Feed extends USDY’s reach to the EVM, Solana, Move, Bitcoin, and Cosmos ecosystems. This partnership aims to create a unified and interoperable DeFi experience, overcoming the fragmented nature of blockchain ecosystems.

Wider scope: The USDY/USD feed is now live on over 65 blockchains, enabling various on-chain applications to establish markets for USDY. The widespread availability of key assets is fostering a more composable and dynamic DeFi landscape.

Multi-chain synergies: The presence of the USDY/USD flow on multiple blockchains allows DeFi applications to expand their reach and serve new user bases. This helps break down silos in the blockchain world, promoting the free flow of assets between different chains.

Bridging Traditional Finance and Decentralized Finance: This development is crucial to integrate institutional finance into DeFi, bringing increased liquidity, security, and stability. By incorporating traditional assets on smart contract platforms, Ondo is paving the way for more sophisticated DeFi products and services.

Real-time exposure: Pyth Price Feeds provide sub-second updates, allowing on-chain users to track traditional financial markets in near real-time. This feature levels the playing field between DeFi and CeFi solutions, opening up new market opportunities.

The excitement of the ecosystem

Oracle feeds for key assets are essential for blockchain foundations to grow their ecosystems, attract developers, and better serve users. Aptos, Solana, and Mantle foundations are among the first to use the new Pyth USDY/USD feed.

Apartments

Aptos and Ondo Finance are collaborating to tokenize real-world assets. Pyth price feeds for Ondo products will accelerate this initiative.

Solana

Ondo Finance has extended its US Treasury-backed assets to the Solana ecosystem, supporting the broader trend of integrating traditional assets into blockchain platforms. Pyth Oracle feeds enhance Solana’s Tier 1 offerings.

Coat

Mantle and Ondo Finance are working together to advance the movement of real-world assets (RWA), bringing sustainable yields to the DeFi ecosystem. The Pyth USDY/USD flow marks an important milestone in this effort.

DeFi Protocols

Several Pyth ecosystem partners are already integrating this price feed, expanding its reach and usefulness.

Derivative — A dynamic AMM-based perpetual futures DEX on Solana.

FlashTrade — Asset-backed trading with on-demand liquidity on Solana.

Thala — A DeFi hyperapplication and liquidity engine on Aptos.

DePerp — A perpetual trading mini-app in Telegram and a web app on Base.

“Traders on Drift rely heavily on the availability of accurate, real-time price data like USDY. Low-latency price data is critical to Drift’s products, enabling seamless trading on perpetuals and on-chain derivatives. Pyth’s pull oracles significantly reduce the risk of stale prices.” — Chris, Senior Contributor at Drift

“We are excited to launch USDY in Thala pools, allowing users to trade USDY and gain exposure to tokenized Treasury yields. Additionally, USDY will also be whitelisted as collateral for our stablecoin, MOD. This is part of our broader vision to make Thala the liquidity hub for RWA on Aptos.” — Adam Cader, Co-Founder of Thala

“Flash is always looking for innovations in DeFi that bring more sources of real yield on-chain. USDY is a big step in that direction and Pyth’s new price feed allows us to easily integrate it into our pools knowing we are quoting accurate prices for the asset.” Treggs, Head of Risk and Strategy at Flash Trade

And after?

Pyth Network and Ondo Finance are collaborating to help smart contract developers create more accessible and sophisticated decentralized finance solutions.

Developers can explore the available stream prices to see what data feeds, including all of Ondo Finance’s new tokenized products, can be published soon.

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We are the editorial team of CoinFlix, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on CoinFlix, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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DeFi

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

CoinFlix Staff

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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

CoinFlix Staff

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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

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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



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DeFi

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

CoinFlix Staff

Published

on

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



Fuente

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DeFi

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

CoinFlix Staff

Published

on

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

Continue Reading

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