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DEFHOLD Unveils New Products in Time for Christmas

Team Bitcoin Daily

Published

4 years ago

on

The second-generation DeFi ecosystem, DEFHOLD, revealed plans this week to release some new products in the coming weeks. Specifically, the firm will launch EWF (early withdrawal fee) pools and a Whale Club. The new functionality will help steadfast investors secure more returns and increase the overall liquidity of the platform. Notably, the new pools fall in line with DEFHOLD’s overall goal to promote steady-handed investment strategies within the DeFi ecosystem.

EWF Early Withdrawal Fee Pools

EWFs are one of the newest DeFi protocols making waves in the market. The way an EWF works is simple. When users join a liquidity pool, they agree to lock up their funds for a predetermined time. This locking of funds is what is known as staking. Users receive rewards based on the amount they stake, the type of pool they stake in, and how many coins they stake.

On some platforms, these funds remain fully locked until this time passes. Investors who need to access these funds early must wait until the staking period ends. Crucially, it did not take long to learn that leaving users’ funds inaccessible is a big negative for investors. Consequently, the DeFi market quickly adjusted, and new platforms came with the ability to withdraw funds whenever you needed.

A Balanced Approach

However, this strategy came with a few caveats as well. If you withdraw early, you receive a fee and lose any profits. Critically, platforms that charged no early withdrawal fee saw their liquidity drop when market uncertainty set in. This drop in the liquidity of pools led developers to think of a balance between the two options.

This desire eventually led to the creation of EWF pools. EWF pools are the culmination of months of research and development. Finally, developers determined that penalizing users for early access to their funds only works well when the penalty goes directly to other pool investors. In this way, this new protocol strengthens the pool’s integrity and bolsters profits for participants.

EWF pools give investors more reason not to renege on their commitment. Every time a user does leave the pool prematurely, all other investors earn free crypto. This crypto then makes more profits via the interest-earning pool. In the end, you have a self-feeding profit cycle that benefits those who stood with the original plan.

Whale Club

The Whale Club is a new product catalog designed to meet the needs of investors willing to impact the projects in which they invest. Notably, the new features include the introduction of multiple private vaults allowing investors to collectively invest in projects by getting a buying power like a whale. Each of these vaults feature minimum balance requirements to join, as well as minimum market cap of the underlying assets.

The Whale Club is unique because it allows DeFi investors to influence their returns through their behavior during the investment period, by managing their entry and exit price more accurately given their increased buying power. This strategy allows those that hold the most holdings in a particular project to leverage that positioning to their advantage. In essence, the product functions similarly to being a controlling shareholder of a company, which can turn out to be a great advantage when it comes to price fluctuations.

DEFHOLD

DEFHOLD continues to see growing adoption due to its unique business strategy. The firm represents the first genuinely non-inflationary staking and farming DeFi protocol to hit the market. Investors have noticed the benefits of DEFHOLD, and these new products are sure to intensify curiosity. For now, DEFHOLD investors have an exciting December ahead of them.

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Press Release

Introducing the Plena App: A Revolutionary Crypto Super App

Team Bitcoin Daily

Published

3 days ago

on

July 24, 2024

By

We are excited to announce the launch of the Plena App, a groundbreaking crypto super app that seamlessly blends the security of self-custodial wallets with the convenience of centralized applications. Today marks a significant milestone in the world of cryptocurrency as we introduce a platform designed to revolutionize how users interact with digital assets.

What is Plena?

The Plena App is an advanced crypto super app that offers users unparalleled security through self-custodial wallets while providing the ease of use typically associated with centralized applications. With Plena, users can invest in over 100,000 cryptocurrencies, manage transactions, perform asset swaps, and bridge assets with just a single tap. This innovative platform leverages Account Abstraction technology, making it the first of its kind in the crypto space.

Key Features

– Self-Custodial Wallets: Plena ensures users have complete control over their digital assets, combining robust security with user autonomy.

– Comprehensive Investment Options: With access to over 100,000 cryptocurrencies, Plena provides diverse investment opportunities.

– Seamless Transactions: Facilitating quick and easy transactions, Plena makes managing your crypto assets straightforward and efficient.

– Asset Swaps and Bridging: The app allows for effortless asset swaps and bridging, enhancing flexibility and usability for crypto enthusiasts.

– Account Abstraction Technology: Plena’s innovative use of Account Abstraction technology sets it apart, offering a unique and superior user experience.

 Launch Details

We are proud to officially launch the Plena App today. This pioneering platform is set to transform the crypto landscape, providing users with a secure, convenient, and innovative way to manage their digital assets.

Contract Address: 0xed68931e351ee97e8f77c64181475a6e3f2bd573

Join us in this exciting new chapter of cryptocurrency innovation. Visit our website or follow us on X to stay updated with the latest developments and features of the Plena App.

For more information, visit our website or follow us on X.

Website: http://www.plena.finance

X:http://x.com/PlenaFinance

Token: PLENA

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Press Release

How Bitcoin Lotteries Work and Differ from Conventional Lotteries

Crypto Chain Wire

Published

3 days ago

on

July 24, 2024

By

The world of lottery just got an upgrade and it is global, secure, and powered by the future of finance: Bitcoin.

In this article, we dive into the exciting world of Bitcoin Lottery which offers a seamless and transparent experience. We will break down what Bitcoin lotteries are, how they work, and what sets them apart from your conventional lottery system.

What is a Bitcoin Lottery?

Bitcoin lotteries work like traditional lotteries but with a modern digital spin. Instead of using fiat currency, participants use cryptocurrencies like Bitcoin.

Here’s how it works: you buy a lottery ticket with cryptocurrency, choose your numbers, and wait for the draw. If your numbers match the drawn numbers, you win a prize – paid out in Bitcoin or other chosen cryptocurrencies.

What Makes Bitcoin Lottery Games Stand Out?

Here are the features that make Bitcoin lottery games a top choice for players.

  • Transparency and Fairness: One of the biggest advantages of the Bitcoin lottery is the use of blockchain technology. Blockchain ensures that every transaction and draw is recorded on a decentralized ledger that’s accessible to all players. This transparency eliminates worries about rigged results as players can verify each draw independently.
  • Security: Using cryptographic algorithms, Bitcoin lottery games offer extra security. The decentralized nature of blockchain means malicious actors can’t manipulate the results of the draws.
  • Global Accessibility: Unlike traditional lotteries which are limited by geographical boundaries, crypto lotteries are accessible from anywhere in the world. As long as you have an internet connection and a digital wallet, you can play. This global reach increases the player base and potentially the prize pool.

Regular Lotteries vs. Bitcoin Lotteries: A Comparison

1. The most obvious distinction is the utilized currency. Ordinary lotteries utilize fiat currency like dollars or euros, whereas a Bitcoin lottery uses Bitcoin or other cryptocurrencies.

2. Transactions in Bitcoin lotteries are faster and may have lower fees than buying traditional lottery tickets. This is so because Bitcoin transactions eliminate intermediaries like banks, therefore lowering the delays and expenses related to bank fees and currency exchanges.

3. Prizes in Bitcoin lotteries are in BTC or other cryptocurrencies which can be attractive because of the potential for value growth. Certain Bitcoin lotteries also provide quick payouts, hence improving the convenience for the winners.

4. Bitcoin lotteries usually employ “provably fair” algorithms. Unlike other lotteries, this system lets players use cryptographic techniques to confirm the fairness of the draw outcomes.

Why should one try a Bitcoin Lottery?

Apart from the thrill of maybe winning large, crypto lotteries provide several special benefits:

• Safe and open: You can verify every single draw and transaction.

• There are no geographical restrictions; play wherever on the planet.

• Cut expenses by means of lower transaction fees.

• Instant Payouts: Get your winnings easily and quickly. 

Bottom Line

With improved security, transparency, and worldwide accessibility, a Bitcoin lottery presents a fascinating and creative variation of the classic lottery.

These lotteries are a reliable choice for gamers all around as they guarantee fair and clear results by integrating blockchain technology. Regardless of your experience level, Bitcoin lottery games provide a modern way to try your luck and potentially win big.

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Press Release

Introducing Grok-1.5V: Revolutionizing Multimodal AI

Team Bitcoin Daily

Published

5 days ago

on

July 22, 2024

By

We are thrilled to announce the launch of Grok-1.5V, our groundbreaking first-generation multimodal model. Grok-1.5V, the latest innovation in artificial intelligence, promises to redefine how we interact with and understand the world around us. 

Unveiling Grok-1.5V

Grok-1.5V stands out with its exceptional text processing capabilities, but it goes beyond that. This advanced model can now process a wide array of visual information, including documents, diagrams, charts, screenshots, and photographs. This enhancement allows Grok-1.5V to offer a more comprehensive understanding and interpretation of both textual and visual data.

Capabilities

Grok-1.5V is designed to be competitive with existing frontier multimodal models across various domains. From multi-disciplinary reasoning to understanding complex documents, scientific diagrams, and real-world photographs, Grok-1.5V excels. 

We are particularly proud of Grok’s performance in our new RealWorldQA benchmark, which measures real-world spatial understanding. In zero-shot settings, without chain-of-thought prompting, Grok-1.5V consistently outperforms its peers, showcasing its superior capability in understanding the physical world.

Launch Details

Grok-1.5V will be available soon to our early testers and existing Grok users. We are excited to bring this new level of AI understanding to our community.

Join us as we launch Grok-1.5V on BASE at 19:20 Beijing time today. Don’t miss this opportunity to be part of the future of AI.

Contract Address: 0xeeB0Ea9EcD0Ab9a7a210fA66FCf58ce4747235E6

Stay tuned for more updates and innovations from our team as we continue to push the boundaries of what’s possible with AI.

For more information, visit our website or follow us on X.

Website: https://x.ai

X: https://x.com/xai

Token: x.AI

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