DeFi

the recovery after FTX and Alameda

Published

8 months ago

5 June, 2024

Maple Finance, a victim of the FTX and Alameda crash, is a decentralized finance (DeFi) institutional lending platform, recently launched Syrup, a new protocol that aims to provide collateralized institutional loans to the DeFi community.

This launch, which took place on May 28, comes at a time of continued skepticism due to the consequences of the collapse of FTX-Alameda, one of the biggest debacles in the history of cryptocurrencies.

The context of the collapse of FTX and Alameda and the consequences for Maple Finance

The collapse of FTX-Alameda has had a significant impact on many companies in the cryptocurrency industry, and Maple Finance is no exception. The severing of ties with Orthogonal Trading in December 2022 represented one of the critical moments for Maple Finance, highlighting the vulnerabilities of the DeFi market. The crisis has led to a loss of confidence and increased scrutiny from investors and regulators.

FTX-Alameda was one of the leading cryptocurrency exchanges and its collapse deeply shook the entire crypto ecosystem. The debacle highlighted the fragility of centralized platforms and pushed many companies to reconsider their strategies and their relationships with other entities in the sector. Maple Finance, recognizing the importance of transparency and security, decided to respond to this situation with the launch of Syrup.

Syrup was designed to provide users with permissionless access to secured institutional loans. This means that users can deposit USD Coin by Circle (USDC) on the platform and receive syrupUSDC Liquidity Pool (LP) tokens in return.

These tokens can be used to earn yield, providing an attractive option for investors looking for new profit opportunities within DeFi.

According to Maple Finance’s statement, the loans will be fully collateralized and will be made to the “largest” crypto institutions. This approach was chosen to ensure the safety of user funds and to attempt to achieve stable and reliable returns. However, some members of the crypto community remain skeptical of the move, especially in light of recent experiences with FTX-Alameda.

Community reactions

The launch of Syrup sparked various reactions within the DeFi community. On the one hand, some see this development as a positive step towards creating a more stable and secure market.

The fact that the loans are fully guaranteed provides an additional level of security that could help restore investor confidence.

On the other hand, there are those who remain skeptical. The memory of the FTX-Alameda crash is still fresh, and many are wondering if the steps taken by Maple Finance are enough to avoid a similar fate. Transparency and risk management will be key elements in determining Syrup’s long-term success.

The launch of Syrup could have a significant impact on the DeFi market. If the protocol manages to deliver on its promises and guarantee stable returns, it could attract a growing number of institutional and individual investors. This, in turn, could contribute to a further maturation of the DeFi market, making it more attractive to a wider audience.

However, Syrup’s success will largely depend on Maple Finance’s ability to manage the risks associated with institutional lending. Transparency, governance and risk management will be crucial factors that investors will watch closely.

Conclusion

Maple Finance’s launch of Syrup represents a bold response to the challenges posed by the collapse of FTX-Alameda. By offering collateralized institutional loans, Maple Finance hopes to restore trust and attract new investors to the DeFi market. However, the success of this new protocol will depend on the company’s ability to demonstrate that it has learned lessons from the past and can offer a safe and profitable option to investors.

Only time will tell if Syrup will be able to deliver on its promises and contribute to building a more stable and secure DeFi market. In the meantime, the crypto community will be closely monitoring Maple Finance’s every move, hoping that this new protocol can represent a step forward towards a brighter future for decentralized finance.

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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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