Chain News by Thebittimes.Com

How to use QuickSwap? QuickSwap is a decentralized exchange (DEX) built on the Polygon network (formerly Matic Network) that allows users to trade cryptocurrencies without the need for intermediaries like traditional exchanges. QuickSwap uses automated market-making (AMM) algorithms to facilitate trading, and it offers users the ability to earn rewards by staking their tokens in liquidity pools. Furthermore, QuickSwap offers fast transaction times and low fees thanks to its integration with the Polygon network, which is designed to provide fast and cheap transactions on Ethereum-based networks. The exchange also offers a user-friendly interface and supports a wide range of ERC-20 tokens, making it a popular choice for traders looking to access a variety of cryptocurrencies. Here are some of the key features of QuickSwap Decentralized QuickSwap is a decentralized exchange, which means that it operates without any central authority or intermediary. This makes it more secure and less sus...

Yieldification integrates Chainlink Price Feeds and Automation to help power Perpetual Futures Trading with built-in NFT utility. By accessing high-quality index and asset price data on-chain and leveraging performant smart contract automation, we’re able to more precisely and reliably calculate liquidations and trigger stop-loss and take-profit orders. Ultimately, this gives users stronger assurances that the protocol will remain solvent even through volatile market conditions and that orders will execute as expected. Futures Positions Represented as NFTs On Yieldification (YDF), futures positions represent as fully tradable and transferrable NFTs. While they don’t expect these positions to be traded or transferred often, the added flexibility of NFTs enables them to provide more functionality to their users around staking, lending, borrowing, and trading. Securing Perpetual Futures Trading With Chainlink Price Feeds Since launching, Yieldification enabled over $60M in trading volume ...

Fully decentralized and cross-chain Betswirl seeks to be a fair, non-custodial, licensed, trustless, and community-driven platform. It values story-driven and entertaining casino games with beautifully designed visuals. Current games include Dice, Coin Toss, and Roulette; more are coming soon. ThorFi is supplementing Betswirl’s liquidity on AVAX in exchange for a portion of Betswirl’s future AVAX partner protocol revenue and until it recoups its initial investment, it will receive an extra 5% return. They are excited to be the protocol that onboard Betswirl to the AVAX chain as it offers excellent support, especially through fast transaction times and low fees. Betting on Betswirl Benefits to ThorFi include the financial benefit (partnering with AVAX and receiving the built-in advantage of Betswirl’s “house edge” and a new utility offering). For its community members, you’ll get access to Betswirl’s casino-style games using the $THOR token and any potential winnings, plus a por...

UniLend also provides spot trading , money markets , and lending and borrowing services , all under one decentralized, permissionless protocol . Furthermore, UniLend is accessible to anyone who owns ERC-20 tokens due to its decentralized nature and permissionless token listing. In addition, the integrated smart contract in the protocol enables trade and DeFi capabilities inside the same protocol, resolving the liquidity and liquidation issue preventing DeFi from being adopted by a wider market. Moreover, by supporting and providing specific functionality for various digital assets , UniLend addresses the issues of functionality fragmentation and limited capability. In addition, the UniLend Financial Token (UFT), a native currency for the network, serves as a governance and utility asset. Together, SupraOracles and UniLend are exploring how SupraOracles technologies to use in DeFi applications while retaining security and transparency. The SupraOracles will help UniLend to use orac...