π Eigenpie Announces EGP Token IDO Schedule
#Eigenpie #EGPtoken #IDO #Arbitrum #MagpieLaunchpad #liquiditystaking #cryptocurrency #blockchain #tokenomics
According to Odaily, Ethereum-based liquidity staking protocol Eigenpie has announced the schedule for its EGP token Initial DEX Offering (IDO). The IDO is set to begin on September 20 at 1:00 PM UTC and will conclude on September 24 at 1:00 PM UTC. The event will be hosted on the Magpie Launchpad via the Arbitrum network. A snapshot to determine the allocation for vlMGP holders, MGP, and vlMGP burners will be taken between September 18 and 20.
The IDO will consist of two rounds, with a total of 3.6 million tokens available. The private round, valued at 3 million FDV, will last for 24 hours. In this round, 70.59% of the tokens will be allocated to Eigenpie points holders, 20.59% to vlMGP holders, and 8.82% to MGP/vlMGP burners.#Eigenpie #EGPtoken #IDO #Arbitrum #MagpieLaunchpad #liquiditystaking #cryptocurrency #blockchain #tokenomics
π Solana Blockchain's bbSOL Token Announces Limited-Time Event Offering Up To 20% APY
#Solana #bbSOL #LiquidityStaking #APY #Cryptocurrency #Blockchain #Staking #Investing #TokenAdoption #TVL #Earnings #FinancialIncentives
According to Foresight News, the Solana blockchain's liquidity staking token (LST) bbSOL has announced a new limited-time event where participants can achieve up to 20% annual percentage yield (APY). This announcement comes as bbSOL has surpassed a total value locked (TVL) of five million dollars within 24 hours of its launch and has doubled this amount within two weeks.
The event aims to attract more participants to the bbSOL ecosystem by offering competitive returns on their staked assets. The rapid growth in TVL indicates strong interest and confidence in the bbSOL token among investors. This initiative is expected to further boost the token's adoption and usage within the Solana blockchain network.
Participants in the event will have the opportunity to earn higher yields on their staked tokens, which could potentially lead to increased liquidity and stability for the bbSOL token. The event is designed to reward early adopters and incentivize more users to engage with the bbSOL platform.
The success of bbSOL in achieving significant TVL milestones in a short period highlights the growing popularity of liquidity staking tokens within the cryptocurrency market. As more investors seek to maximize their returns through staking, initiatives like this limited-time event by bbSOL are likely to become more common.
Overall, the announcement of this limited-time event by bbSOL reflects the ongoing efforts to enhance the attractiveness of liquidity staking tokens and drive further growth within the Solana blockchain ecosystem.#Solana #bbSOL #LiquidityStaking #APY #Cryptocurrency #Blockchain #Staking #Investing #TokenAdoption #TVL #Earnings #FinancialIncentives
π Band Protocol Partners With Stride To Launch Liquidity Staking Derivative
#BandProtocol #Stride #liquiditystaking #BANDtokens #stBAND #Cosmos #Osmosis
According to BlockBeats, on September 24, Band Protocol announced a partnership with Stride, a liquidity staking protocol within the Cosmos ecosystem. This collaboration aims to introduce the first liquidity staking derivative of BAND tokens, known as stBAND. Users will have the option to obtain stBAND either by directly staking BAND tokens on the Stride platform or by trading on Osmosis.#BandProtocol #Stride #liquiditystaking #BANDtokens #stBAND #Cosmos #Osmosis
π Meridian Secures $4 Million Seed Funding Led By ParaFi And Borderless Capital
#Meridian #DeFi #SeedFunding #ParaFi #BorderlessCapital #LiquidityStaking #MovementEcosystem #SmartContracts #CryptoFunding #DeFiExperience
According to Odaily, the DeFi project Meridian, part of the Movement ecosystem, has successfully raised $4 million in seed funding. The funding round was co-led by ParaFi Capital and Borderless Capital, with participation from Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures. Meridian is a decentralized liquidity staking protocol platform built on the Movement network. The platform aims to enhance liquidity and yield mechanisms for users while showcasing the advantages of Move-based smart contracts. Its goal is to create a seamless, efficient, and secure DeFi experience, attracting both users and developers to the Movement ecosystem.
Rushi Manche, co-founder of Movement Labs, stated that the successful funding round demonstrates the growth potential of Move-based DeFi. As the ecosystem matures, Meridian is expected to play a crucial role in aggregating liquidity and providing fundamental financial primitives. The funds will be used to develop a robust, secure, and highly composable DeFi landscape on the Movement network. Currently, Meridian is operating on the Movement testnet and plans to launch simultaneously with its mainnet.#Meridian #DeFi #SeedFunding #ParaFi #BorderlessCapital #LiquidityStaking #MovementEcosystem #SmartContracts #CryptoFunding #DeFiExperience
π AirDAO Launches Harbor Platform With Up To 25% Annual Yield
#AirDAO #HarborPlatform #LiquidityStaking #AMBtokens #AnnualYield #DecentralizedExchanges #BondMarkets
According to BlockBeats, on September 25, AirDAO announced the completion of its infrastructure development plan and the official launch of its liquidity staking platform, Harbor. As the first liquidity staking platform on AirDAO, Harbor allows users to stake AMB tokens and participate in liquidity pools, offering an annual yield of up to 25%. The introduction of the Harbor platform sets the stage for the launch of decentralized exchanges and bond markets.#AirDAO #HarborPlatform #LiquidityStaking #AMBtokens #AnnualYield #DecentralizedExchanges #BondMarkets
π Drop Protocol Secures $4 Million In Seed Funding
#DropProtocol #SeedFunding #LiquidityStaking #CoinFund #CMSHoldings #Anagram #InteropVentures #Cosmostation #VasiliyShapovalov #MustafaAlBassam #JonKol #LDO
According to Foresight News, liquidity staking protocol Drop Protocol has successfully raised $4 million in a seed funding round. The round was led by CoinFund, with participation from CMS Holdings, Anagram, Interop Ventures, and Cosmostation. Notable angel investors included Lido DAO co-founder Vasiliy Shapovalov, Celestia Labs co-founder Mustafa Al-Bassam, and Abacus Labs CEO and Hyperlane core contributor Jon Kol.#DropProtocol #SeedFunding #LiquidityStaking #CoinFund #CMSHoldings #Anagram #InteropVentures #Cosmostation #VasiliyShapovalov #MustafaAlBassam #JonKol #LDO
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π Sui Ecosystem's Haedal Temporarily Suspends haeVault for Security Reasons
#SuiEcosystem #Haedal #haeVault #Security #LiquidityStaking #Blockchain #Cetus #UserSafety #SUI #HAEDAL
According to BlockBeats, the Sui ecosystem's liquidity staking protocol, Haedal, has announced the temporary suspension of its haeVault feature due to security concerns. The feature, which relies on Cetus's underlying pools, has been closed as a precautionary measure. Haedal is actively communicating with the Cetus team and other ecosystem partners to ensure comprehensive support wherever necessary. The safety of users remains the top priority for Haedal. The company has assured that once all risks are mitigated and the environment is deemed safe, the haeVault feature will be reopened. Other functionalities within Haedal remain unaffected, and the funds within the platform are secure.#SuiEcosystem #Haedal #haeVault #Security #LiquidityStaking #Blockchain #Cetus #UserSafety #SUI #HAEDAL
π SEC Commissioner's Critique on New Liquidity Staking Statement
#SECCritique #LiquidityStaking #CryptoAssets #FederalSecuritiesLaws #CarolineCrenshaw #CryptoRegulation #SecuritiesAct #MarketConfusion
According to Foresight News, U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has expressed concerns over the recent liquidity staking statement, stating that it fails to clarify the application of federal securities laws to crypto assets and instead adds to the confusion. Crenshaw argues that the statement is based on assumptions that have not been validated by industry realities, and the legal conclusions drawn are only applicable if these assumptions hold true.
Previously, Foresight News reported that the SEC released a statement regarding liquidity staking activities, clarifying that such activities are not considered securities. The SEC indicated that participants in liquidity staking do not need to register their transactions with the Commission under the Securities Act, nor do they need to comply with the registration exemption provisions of the Act for these activities.#SECCritique #LiquidityStaking #CryptoAssets #FederalSecuritiesLaws #CarolineCrenshaw #CryptoRegulation #SecuritiesAct #MarketConfusion
π Ignition Gains Most Influential Followers on X
#Ignition #liquiditystaking #X #Web3 #RootDataX #IcoBeast #2Lambroz #ε°ζζCHAOS #predictfun #EchelonMarket
Ignition, a liquidity staking infrastructure, has emerged as the project with the most new influential followers on X over the past week. According to ChainCatcher, data from the Web3 asset data platform RootData X indicates that prominent figures such as IcoBeast.eth (@icobeast), 2Lambroz (@2lambro), and ε°ζζ CHAOS (@iamyourchaos) have recently started following the project.
Other projects that have attracted a significant number of influential followers on X include predict.fun and Echelon Market.#Ignition #liquiditystaking #X #Web3 #RootDataX #IcoBeast #2Lambroz #ε°ζζCHAOS #predictfun #EchelonMarket
π Sui Prime Treasury Capacity Increased to 7 Million SUI
#Sui #Volo #LiquidityStaking #SuiPrime #ForesightNews #SUI #Blockchain #Crypto
The Sui ecosystem's liquidity staking protocol, Volo, announced an increase in the maximum capacity of its Sui Prime treasury to 7 million SUI. According to Foresight News, this adjustment aims to enhance the protocol's operational capabilities and support its growth within the ecosystem.#Sui #Volo #LiquidityStaking #SuiPrime #ForesightNews #SUI #Blockchain #Crypto