CryptoNinjas » Decentralized cloud storage aggregator ColdStack gets investment from Digital Finance Group
ColdStack, a decentralized cloud aggregator, announced it has received a strategic investment from DFG — Digital Finance Group.
“We are really excited to partner with DFG. They’re one of the most reputable and successful investment companies in the blockchain ecosystem and have an excellent track record of finding the most cutting-edge projects in the sector. There’s no doubt that DFG’s involvement will help our system reach its full potential. ” said Alexander Shishow, CEO and founder of ColdStack.
The ColdStack platform aggregates decentralized data storage networks such as Filecoin. By optimizing storage solutions with its AI-based pipeline, ColdStack provides users with the most cost-efficient and secure way to store their files.
Featuring a unified Amazon S3 compatible API, ColdStack allows users to easily access decentralized storage solutions. ColdStack focuses on providing bulk storage for data that is not accessed regularly but is still required to be stored perpetually. Its tokenization system also allows users to easily create and store their own NFTs, and utilize these assets on any NFT marketplace.
“At DFG, we believe in supporting products that will solve major issues in blockchain, such as distributed data storage,” said James Wo, founder of DFG. “Coldstack, the first market aggregator of decentralized data storage is a clear example of a much-needed upgrade to a growing and promising sector of the industry. It allows users to directly connect data storage nodes without hard settings. Additionally, it can be linked to all distributed storage nodes through the Coldstack network, and users can directly aggregate with it on the Coldstack application. We are convinced that the reliability and security of Coldstack’s distributed storage will have outstanding results in the future.”
CryptoNinjas » Decentralized cloud storage aggregator ColdStack ..
CryptoNinjas » C.R.E.A.M. Finance’s Iron Bank to bring protocol-to-protocol flash loans to DeFi
Decentralized peer-to-peer lending protocol, C.R.E.A.M. Finance, announced it is launching a protocol-to-protocol flash loan product through the Iron Bank, to increase capital efficiency and expand the scope of decentralized finance (DeFi).
“Bringing protocol-to-protocol flash loans to the will increase capital efficiency and provide deeper liquidity for traders looking to access more lucrative lending services across a wider variety of digital assets,” said Leo Cheng, Co-Founder and Project Lead at C.R.E.A.M. Finance.
The Iron Bank, which has accrued $425 million USD in total value locked (TVL), is the first lending protocol to allow other protocols to borrow from its pools in a permissionless manner, currently available to Alpha Homora v2 and Yearn Vaults.
The Iron Bank lending platform and liquidity backbone will service the entire Ethereum DeFi ecosystem and beyond, including the Yearn Ecosystem.
This launch will allow Yearn strategists to leverage flash loans across more assets at lower costs, broadening the scope of strategies that they can run.
Flash loans on C.R.E.A.M. cost 0.03%, which is less than Aave (0.09%) and Uniswap (0.3%), and covers the widest variety of digital assets on the market, including LP tokens.
In addition to the Iron Bank, flash loans will also be available to users on Cream v1 at app.cream.finance across Ethereum, Binance Smart Chain, and Fantom.
A flash loan is an uncollateralized loan where a trader borrows, exchanges, and repays a debt in a single transaction using a smart contract.
This is possible with no collateral because the loan will not execute without all parties lending, borrowing, and being repaid simultaneously, alleviating the risk of a trader defaulting on the loan.
A simple example of a flash loan is performing arbitrage trades to make a profit based on minor price differences between exchanges.
For example, Unisw..
CryptoNinjas » Smart contract platform Avalanche integrates The Graph to expand querying and indexing
The Graph, an indexing and query layer for the decentralized web, is now integrated with Avalanche, a scalable decentralized smart contract platform with near-instant transaction finality.
With The Graph integration on the hosted service, developers building on Avalanche can easily query custom on-chain data requests, without having to run a full node, via subgraphs, which are indexes of specifically defined blockchain data. As of February 2021, over 9,000 subgraphs have been deployed with many more coming online as The Graph continues to expand its support across major layer 1 blockchains.
“Decentralized, reliable data is at the core of high-quality Web3 applications. The Graph’s data suite and tooling expand the options and opportunities for developers building on Avalanche,” says John Wu, President of Ava Labs.
Expanded access to blockchain data hasn’t gone unnoticed by the Web3 developer community. In January 2021, The Graph’s hosted service saw queries increase to over 11 billion, with 100x growth during 2020.
This growth is also mirrored within Avalanche. Since the launch of the Avalanche-Ethereum Bridge (AEB) on February 8, 2021, smart contract activity on Avalanche has boomed, with transactions having increased by 2,007% to over 1,140,000, and unique wallets increasing by 2,834% to top 63,000.
Both Avalanche and The Graph strive for a more open, decentralized future for internet applications. Improving developer infrastructure and tooling will ultimately lead to the fulfillment of this vision, with increased benefits for dapp developers and end-users.
The Power of Decentralized Indexing The Graph fully decentralizes the API and query layers of Web3. With subgraphs (open APIs), devs can index, map, and query on-chain data using GraphQL, the native query language of the protocol, without running local or hosted nodes. Instead, the subgraphs are deployed..
CryptoNinjas » NFT blockchain technology provider Arkane Network closes €1.55M seed round
Arkane Network, a product suite consisting of wallet services, NFT management & marketplace, announced it has closed a €1.55M seed round led by High-Tech Gründerfonds (HTGF). DM-BB David Majert, Palentine Ventures (Blockrocket), and imec.istart Fund also joined the round.
Aiming for further growth as a technology partner for blockchain projects, Arkane will grow its team and set up an independent branch in Berlin.
Arkane was founded in 2018 by Tim Dierckxsens, Karel Striegel, Davy Van Roy, and Gerbert Vandenberge to solve the complexity of blockchain technology and make it ready for mainstream adoption. Arkane does this with its blockchain agnostic digital wallet, and NFT services for projects and blockchain games like CoinStats, NFTBank, Atari, Bondly Finance, The Sandbox, and Aavegotchi.
“We’re proud to join the HTGF-family and bring together our investment partners to help us grow Arkane. In the past few months, they’ve already helped us to develop better strategies, gain valuable insights and be a better company. In the coming months, we want to strengthen our position as an industry leader in the blockchain ecosystem. Therefore we’ll continue building our leadership team with new hires in the coming months.”
– Tim Dierckxsens, Co-Founder & CEO Arkane Network
Arkane recently launched arkane.market, a peer-to-peer NFT marketplace on Polygon. Arkane has become a one-stop shop for everything NFT. From creating NFTs via its API solutions to having custody services until primary and secondary sale possibilities with the Arkane Market.
CryptoNinjas » NFT blockchain technology provider Arkane Network closes €1.55M seed round
CryptoNinjas » mWallet: ProximaX’s blockchain-powered white-label mobile wallet
ProximaX Sirius is a next-generation blockchain-based network that forms the foundation for several applications, processes, and technologies. Built on top of this network is mWallet — ProximaX’s customizable wallet solution for service providers.
What is mWallet? mWallet is a blockchain-powered, white-label payments solution. This means that although mWallet is a standalone application, projects can also use mWallet to build their own custom wallet application that leverages a blockchain infrastructure.
Organizations can use mWallet to allow their users to send and receive payments in a distributed manner without the involvement of multiple proprietary systems. mWallet aims to allow payment solution providers to make peer-to-peer transactions more seamless, convenient, and cost-efficient.
mWallet uses distributed ledger technology and blockchain protocols to secure payments and user data on the network. Moreover, it is highly scalable and can comfortably support an ever-growing user base.
Advantages of mWallet As mentioned before, mWallet is powered by blockchain technology. Blockchain-based distributed solutions have some clear advantages over their centralized counterparts:
1. Scalability: mWallet is a scalable payment platform. Businesses can leverage the power of their technical growth capabilities to provide a range of features and service experiences to their customers.
2. Flexibility: The distributed nature of mWallet makes it a highly flexible solution. It is not limited by geographical locations or regional restrictions. It can handle cross-border transactions with ease.
3. Cost-effectiveness: The core infrastructure of mWallet is an enterprise-ready solution. The blockchain itself acts as a database that stores all transactional information. Development and maintenance costs are minimal, which in turn translates to lower transaction costs.
4. Security: All inter-walle..
CryptoNinjas » Alpha Finance Lab gets its yield farming protocol audited by OpenZeppelin
Alpha Finance Lab, an ecosystem of DeFi products, has announced that Alpha Homora V2, a leveraged yield farming and leveraged liquidity providing protocol, is being audited by OpenZeppelin.
This marks another step taken towards the relaunch of Alpha Homora V2, which will see the re-enabling of borrowing/opening new leveraged positions, additional leveraged pools and lending assets added and new special features.
Alpha Homora V2’s audit by OpenZeppelin was conducted on top of previous audits done by Quantstamp and Peckshield. Multiple audits are a key part in Alpha Finance Lab’s multi-prong security model.
The full audit report will be released in the coming weeks.
Security Model at Alpha Finance Lab Alpha Finance Lab’s security model includes:
Multiple audits from industry-leading firms Continuous external peer reviews Continuous internal reviews Constantly utilizing internal monitoring tools Active bug bounty program Alongside audits, internal reviews and external reviews by top security researchers are being conducted on Alpha’s entire ecosystem.
Additionally, internal monitoring tools are utilized across Alpha Homora V1 and V2 on Ethereum and V1 on Binance Smart Chain (BSC). These tools help Alpha Finance Lab maintain a high-security standard and experience for Alpha Homora’s users, and will aid all future Alpha products as the product suite expands. To round off Alpha’s security model, the team will soon be kicking off an active bug bounty program.
“By engaging in multiple external audits, continuous internal and external peer reviews, and implementing internal monitoring tools and bug bounty programs, Alpha is staying committed to placing security at the forefront of our growing ecosystem. OpenZeppelin’s most recent audit of Alpha Homora V2 is just one example of the importance we place on security across all our products.”
– The Alpha Finance Lab Team
CryptoNinjas » DEX liquidity provider PancakeSwap now available on SWFT Blockchain
SWFT Blockchain, a cross-chain exchange protocol, has announced that PancakeSwap has been integrated as a liquidity provider. A whole new world of cryptocurrencies and DeFi is now available for SWFT Blockchain users thanks to this update.
The update means that swapping to Binance Smart Chain (BSC) cryptocurrencies is now easier than ever. Before this update, any BSC currency listed on SWFT Blockchain had to be first listed on a centralized exchange. Now, that is no longer the case.
BSC For BSC token projects, this means that they can now open direct doors with hundreds of cryptocurrencies on dozens of blockchains.
For SWFT Blockchain users, it means that if their favorite assets are only available on Binance Smart Chain or, more specifically, on PancakeSwap, they can now swap them to their favorite assets on other chains and back.
SWFT Blockchain users will now be able to swap from any supported asset on any supported chain directly to most assets on BSC. Because of this, the SWFT Blockchain team expects the number of BSC assets available on SWFT Blockchain to grow exponentially in the next few months,
CryptoNinjas » DEX liquidity provider PancakeSwap now available on SWFT Blockchain
CryptoNinjas » Winding Tree launches ORGiD Bot, streamlining digital identity verification between blockchain businesses
Winding Tree, the Ethereum-powered travel distribution channel, has announced the launch of ORGiD Bot, an open-source registry that provides real-time identification and verification of companies and their representatives. ORGiD Bot is a dynamic solution to the growing dangers of identity theft and impersonation. By leveraging blockchain, Winding Tree has found a way to offer quick and seamless identity checks for blockchain and crypto companies. You can communicate with ORGiD Bot on Telegram, under the handle @orgid_bot.
Phillipe Christodoulou thought he was downloading the app for Trezor, the maker of the famous cryptocurrency hardware wallet in which he would store his crypto, according to a March 30 story in The Washington Post. Instead, he sent his entire life savings, 17.1 bitcoin worth $600,000 at the time, to fraudsters running a fake “Trezor” app designed to trick people out of their coin. Phillipe’s story isn’t an isolated incident—theft in the crypto industry jumped 40 percent year-over-year since 2016, hitting $513 million in 2020. Nevertheless, the toll of having to independently verify identity over and over again, or having to set up API access with different profile requirements, can be tedious and time-consuming.
That’s where ORGiD Bot comes in, helping users communicate with the ORGiD system and providing businesses with a simple way to evade phishing attempts and scams. Organizations can seamlessly add authorized representatives to their ORGiD, enabling them to identify themselves as legitimate to their peers.
All an organization needs to do to create its ORGiD is connect a MetaMask or Portis wallet with a small amount of stored Ether (ETH). The Ether is converted into the Winding Tree ecosystem’s LIF token, which is then staked to indicate authenticity. Once verified, business people in the blockchain space can query the Te..
CryptoNinjas » Tendermint acquires B-Harvest, creator of Cosmos-based Gravity DEX
Tendermint, a software development company that builds software & community for the Cosmos Network, today announced it has acquired DeFi liquidity innovator B-Harvest, creator of Gravity DEX, the first interchain decentralized exchange created for the Cosmos Hub.
Gravity DEX enables decentralized trading between any two Cosmos tokens — a $90 billion market that includes ATOM, BNB, LUNA, and CRO — or any of the galaxy of tokens beyond the Cosmos ecosystem.
Built with the Inter-Blockchain Communication (IBC), Gravity DEX will enable permissionless, trustless exchange of digital assets throughout Cosmos and other blockchain networks while integrating liquidity pools across dozens of protocols efficiently with its Equivalent Swap Price Model (ESPM) Automated Market Maker (AMM). The launch of Gravity DEX is a fundamental step in enhancing blockchain interoperability within the Cosmos ecosystem.
“The Cosmos ecosystem needs an interchain DEX,” explains Cosmos CEO Peng Zhong. “Tendermint is bringing B-Harvest in-house to launch and scale Gravity DEX so that any token within Cosmos — and from other blockchains — can be traded freely on an exchange that is permissionless and trustless. Interoperability is the future of blockchain, and it’s made widely possible by IBC.”
The Gravity ESPM AMM model combines batch execution, order books, and limit orders with an AMM to significantly outperform the CPMM model as seen on platforms like Uniswap. To learn more, read Tendermint’s Litepaper and ESPM Economic Simulation.
Competition Also today, the Gravity DEX team has submitted a formal governance proposal to allocate 5000 ATOM from the Cosmos Hub community pool to use as prize money for the Gravity DEX testnet competition. Voting on the governance proposal begins today, April 7th, 2021. We invite you to follow and participate in the Cosmos governance process to get involved.
The next phase of the ..
CryptoNinjas » Ontology’s cross chain DeFi lending platform Wing is now live on Ethereum
Wing, the credit-based cross-chain DeFi lending platform developed by Ontology, the public blockchain specializing in decentralized identity and data, is now live on Ethereum.
Launched on the Ontology blockchain in September 2020, Wing has seen monumental growth in both the total value locked, which now stands at over $200m, as well as in levels of lending and borrowing activity between users.
Following its integration with Ethereum, millions of global DeFi users will now have access to Wing’s unique lending, borrowing, and insuring options, including the option to swap assets into pegged assets on the Ontology blockchain where they can find lower transaction fees and higher processing speeds.
Features of Wing Wing is designed to promote a mutually beneficial relationship between borrowers, creditors, and guarantors through a decentralized governance model and risk control mechanism. Through this integration with Ethereum, Wing opens a new window of opportunity for lending and borrowing from the hundreds of unique assets on Ethereum. Through bridges and UI/UX integrations between the Ethereum and the Ontology versions of Wing, users will have access to lower costs and faster speeds, thanks to the Ontology blockchain.
Li Jun, Founder of Ontology, said, “In utilizing Ontology’s decentralized credit-scoring system, OScore, and decentralized identity protocol ONT ID, Wing enjoys easy identity verification and a full picture of an individual’s financial history, without showing the full value of these assets. We have deliberately designed OScore for this kind of application: both the individual’s privacy is protected, while the risk for lenders is vastly reduced and correct due diligence can take place. Through this next-generation suite of innovative DeFi tools and products, individuals who obtain a high OScore will be able to maximize their borrowing capabilities and minimize ..