Tag: firelight protocol

Flare Network to Boost XRP DeFi Capabilities with stXRP on Firelight Protocol

Flare Network to Boost XRP DeFi Capabilities with stXRP on Firelight Protocol

Even with these limitations though, Flare Network is dramatically increasing the utility of XRP within the decentralized finance (DeFi) landscape. Flare enables XRP holders to access DeFi protocols through its FAssets infrastructure. They accomplish this by using FXRP, a wrapped version of XRP.During this process, fAssets allow for the formation...

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Eyenovia Pivots to Crypto with $50M Investment in Hyperliquid's HYPE Token

Eyenovia Pivots to Crypto with $50M Investment in Hyperliquid's HYPE Token

Eyenovia, Inc., a clinical-stage digital ophthalmic technology company, today announced plans to enter the crypto space. The firm would be the first publicly traded company in the U.S. to establish such a long-term treasury reserve. It will accomplish this by providing liquidity for HYPE, Hyperliquid’s native token. Eyenovia expects to...

Web3 AI's DeFi Tools Attract Investors as XRP and Kaspa Struggle

Web3 AI's DeFi Tools Attract Investors as XRP and Kaspa Struggle

Web3 AI has been making waves within the decentralized finance (DeFi) ecosystem through cutting-edge tools such as ChatGPT. At the same time, XRP and Kaspa are tanking hard. Web3 AI offers a DeFi Yield Farming Advisor that assists users in navigating the complexities of yield farming across multiple blockchain networks....

Nimanode's $NMA Token Presale Gains Momentum, Surpasses 20% of Softcap Target

Nimanode's $NMA Token Presale Gains Momentum, Surpasses 20% of Softcap Target

Nimanode is already causing a stir by combining artificial intelligence (AI) and blockchain technology. The project recently announced that its $NMA token presale has already exceeded 20% of its softcap goal! This milestone indicates strong investor confidence in Nimanode's vision to streamline blockchain workflows with AI, particularly within the XRP...

Cardano Founder Proposes $100M ADA Investment to Revitalize DeFi

Cardano Founder Proposes $100M ADA Investment to Revitalize DeFi

Cardano founder and Ethereum co-founder Charles Hoskinson has submitted an interesting proposal. He wants to use US$100 million in ADA from Cardano’s treasury to invest in Bitcoin and native stablecoins. This collaboration is part of a broader effort to reinvigorate Cardano’s lackluster Decentralized Finance (DeFi) development. The proposal is still...

Sui Blockchain Expands Bitcoin DeFi Capabilities Through New Integrations

Sui Blockchain Expands Bitcoin DeFi Capabilities Through New Integrations

Sui, another layer-1 blockchain, is increasing its focus on Bitcoin-based decentralized finance (DeFi). It is collaborating with Stacks, a layer-2 network constructed atop of Bitcoin. This action is part of its efforts to expand its BTCfi ecosystem and offer Bitcoin holders new ways to use their holdings. Sui builds better...

Cardano's Price Prediction Soars as Bitcoin DeFi Integration Sparks Optimism

Cardano's Price Prediction Soars as Bitcoin DeFi Integration Sparks Optimism

Despite recent speculation of a bearish trend, Cardano’s price prediction models still paint a long-term bullish outlook, thanks in part to its adoption of Bitcoin DeFi. Despite facing challenging market structures, Cardano's path toward targets of $1.20 or higher gains traction with each technical breakout, governance update, and expression of...

SEC Rethinks Crypto Strategy, Withdraws DeFi and Custody Rules

SEC Rethinks Crypto Strategy, Withdraws DeFi and Custody Rules

The U.S. Securities and Exchange Commission (SEC) has formally rescinded a number of widely-criticized rules. These rules were originally proposed under former Chair Gary Gensler. Should that happen, this would be a highly consequential decision that would reflect the agency’s considerable pivot toward aggressively regulating digital assets. The decision represents...

DeFi Development Secures $5 Billion Credit Line, Accelerates Solana Accumulation

DeFi Development Secures $5 Billion Credit Line, Accelerates Solana Accumulation

Decentralized Finance Development, formerly known as Janover, hit a big milestone. They got a $5 billion equity line of credit (ELOC) from RK Capital Management. The firm intends to deploy these proceeds to increase its strategy to earn Solana (SOL) digital assets. This action will further ignite growth in SOL...