|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Stargate Finance Integration Brings Unified Liquidity to Flare Networks, Empowering #FLRfiSummer
Jul 20, 2024 at 02:00 pm
Flare, a data-focused blockchain, has announced a Stargate Finance integration, allowing for frictionless liquidity movement from over 25 chains
Blockchain Flare has announced an integration with Stargate Finance, a multi-chain liquidity transfer network, to enable seamless liquidity movement from over 25 chains into the Flare network.
This integration will allow assets like USDC, USDT, and ETH to be transferred to Flare and used in various dapps and protocols. The underlying assets will remain in their original asset pools on the source chain, while Hydra assets will be minted on Flare.
This integration comes as part of Flare’s major DeFi incentive campaign, which aims to increase stablecoin liquidity and prepare for the upcoming FAssets DeFi system for non-smart contract chains.
Stargate V2 users who bridge their USDC and USDT to the Flare network and add them to specific dex pools will also be able to benefit from the industry-leading payout rates.
“FLRfiSummer is accelerating. With LayerZero V2, SparkDEX, and now Stargate V2, holders of USDC and USDT across multiple networks now have seamless access to the industry-leading yields made available by Flare’s new DeFi emissions program,” said Hugo Philion, Flare Co-Founder.
“Our aim is to dramatically deepen stablecoin liquidity on the network to provide a secure foundation for the launch of FAssets and the arrival of Bitcoin DeFi on Flare.”
Stargate currently has around $500 million in total value locked (TVL) and helped enable over $1 billion in bridging assets in June.
Meanwhile, CNF has previously covered updates to the Flare Time Series Oracle (FTSO) to reduce data transmission times to 1-2 seconds, thus improving dapp capabilities on the Flare and Songbird networks.
Additionally, in May, Flare Networks announced a partnership with digital asset custodian Hex Trust Group for the integration of the stablecoin USDX.
Flare’s native token, FLR, is currently trading at around $0.02027, slightly up 0.51% over the last 24 hours, with a market cap of $868.68 million.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Aiming for Blockchain Supremacy: Janction Ambitious Integration Plan
- Sep 22, 2024 at 06:20 pm
- Hara, the CFO of Jasmy and CEO of Janction, has announced ambitious ambitions for the introduction of their Janction open-source Layer2 chain
-
- Korea Seeks to Catch Up in Tokenized Securities Market After COVID-19 Setbacks
- Sep 22, 2024 at 06:20 pm
- Korea was an early adopter of fractional investing in physical assets, a trend that surged during the COVID-19 pandemic. Young investors, lacking substantial capital yet seeking diverse investment strategies, eagerly embraced these opportunities.
-
- Altseason May Be Imminent, Analysts Suggest Random Cryptocurrency Purchases Might Yield Better Returns Than Strategic Bets
- Sep 22, 2024 at 06:20 pm
- Crypto analyst Ali Martinez has indicated that an altseason may be imminent, a phase where alternative cryptocurrencies outperform Bitcoin.
-
- Claim $ANALOS and Kiss Your Day Job Goodbye!
- Sep 22, 2024 at 06:20 pm
- Who is Eligible for $ANALOS Airdrop? Full Instruction
-
- Troubleshooting Common Issues When Claiming the $1INCH Airdrop
- Sep 22, 2024 at 06:20 pm
- Obtaining your blockchain $1INCH tokens is simple! Just go through these easy steps and start using your tokens instantly.
-
- The Stashes Cryptosphere Announces Upcoming Presale of $STSH Token, Designed to Expand DeFi Opportunities
- Sep 22, 2024 at 06:20 pm
- Kingstown, St Vincent & the Grenadines, September 20th, 2024, Chainwire The Stashes Cryptosphere, a blockchain-focused platform, announces the
-
- Digital Currency Group (DCG) CEO Barry Silbert and Gemini Trust Co. co-founder Cameron Winklevoss's Long-Standing Disagreement Resonates in the Cryptocurrency World
- Sep 22, 2024 at 06:20 pm
- Recent events that have resonated in the cryptocurrency world have highlighted the growing tension between Digital Currency Group (DCG) CEO Barry Silbert
-
- MSTR Stock Outperforms, Institutional Interest Boosts Bitcoin Adoption Among Mining Firms
- Sep 22, 2024 at 06:20 pm
- Ever since Microstrategy began Bitcoin adoption in 2020, the MSTR stock, in an impressive display of its stock growth, has outperformed all the companies on the S&P 500.
-
- Tap-to-Earn: The Latest Crypto Craze Exploiting Players with the Vague Promise of Riches
- Sep 22, 2024 at 06:20 pm
- From NotCoin to Hamster Kombat, a wave of mindless tap games is sweeping Telegram, luring millions of players with the promise of crypto riches. But the reality is far less glamorous, with predatory tactics, rigged payouts, and games that are anything but fun.