DeFi

Ripple Institutional DeFi Could Unlock Bitcoin ETF Collateral Value: Ripple CTO

Published

8 months ago

29 May, 2024

Ripple Institutional DeFi Could Unlock Bitcoin ETF Collateral Value: Ripple CTO

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At Consensus 2024, Ripple Chief Technology Officer David Schwartz discussed the untapped potential of DeFi on the XRP Ledger (XRPL) for institutional use. Schwartz highlighted the current limitations Bitcoin ETF holders face when seeking loans, with brokers pricing these assets at zero due to volatility concerns.

“You know how much brokers value Bitcoin ETF holdings as collateral on loans? Zero,” Schwartz said.

Schwartz explained that brokers, such as Charles Schwab, are hesitant to accept Bitcoin ETFs as collateral due to the potential volatility and risk associated with these assets.

“Imagine you are a broker and you have many clients who hold the Bitcoin ETF. For all you know, this ETF could explode tomorrow if you go to zero, you don’t want to take a lot of risk,” he said.

This limits the ability of investors to leverage their cryptocurrency holdings to obtain loans within the traditional financial system. However, Schwartz believes that institutional DeFi on XRPL could provide a solution to this problem.

Ripple’s vision for institutional DeFi on XRPL involves the creation of regulated “islands” that enable adoption by both institutions and retailers. Schwartz cited stablecoins as a great example of how this could work, with regulated entities like Circle and Ripple issuing stablecoins that can be used in DeFi ecosystems.

“The vision is these regulated islands, but which allow challenging applications,” he explained. “If you have an island that’s not connected to anything outside of that island, why put it on a public block? ”Schwartz said.

Schwartz also discussed the potential for other technologies, such as decentralized identities (DID) and automated market makers (AMM), to further bridge the gap between traditional finance and institutional DeFi on XRPL.

“What this allows is it allows the customer, it allows the company to say, you know, Fractal ID has verified this person’s identity. So, not only do we not have to bear the cost of doing this, but we also do not need to store the identity data,” he said.

AMMs, on the other hand, could provide ongoing liquidity for a wide range of assets, benefiting both retail and institutional participants.

“This provides continuous liquidity at all times, which is good for the long tail,” Schwartz added.

Ripple’s CTO highlighted the importance of interoperability in creating a compelling blockchain ecosystem.

“Ripple cannot be the only successful blockchain company. Electric XRP cannot be the only successful blockchain. It’s impossible, because no one thing can do everything,” he said.

Seamless interoperability is crucial for users to access the full potential of the ecosystem, and partnerships with companies like Axelar, which focus on building bridges between blockchains, are seen as essential steps towards achieving this goal. .

As the blockchain industry continues to evolve, Ripple’s approach to institutional DeFi on XRPL aims to provide a framework for increased adoption and liquidity. By leveraging stablecoins, DIDs, AMMs, and interoperability solutions, Ripple hopes to create a more inclusive and efficient financial system that benefits both institutional and retail participants.

“Our mission is for the XRP ledger to be a leader in bringing together more examples through things like the Lending Protocol, with things like AMMs, through the tokenization of real-world assets,” Schwartz concluded.

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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/

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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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