The "temporary" suspension is due to "irregular behaviour" and a "possible exploit," according to BNB Chain on [Twitter](https://twitter.com/BNBCHAIN/status/1578148078636650496). The team stated that all systems are now isolated, and they are examining the possible vulnerability promptly. It also asserted that all monies are secure. They had also halted all BNB deposits and withdrawals on the exchange due to "maintenance" on the Chain. 

However, Twitter user and DeFi creator "foobar" had a [different take](https://twitter.com/0xfoobar/status/1578140914283065344) on the matter. He said an attacker took 2 million BNB from "someone" on the network, which is worth around $600 million.

## Evidence of Binance hack

Foobar continued by saying that the attacker is dumping money into liquidity pools and using any bridge to go to safer chains. A snapshot from a block explorer showed the suspect had $532 million in crypto scattered over several EVM-compatible chains and L2s, according to the user. These include $421,000,000 on the BNB (79%) and another $53 million on Ethereum (10%).

The address's total assets are $421 million, matching the foobar snapshot. Which is supported by BNB data, which shows precisely 1,020,094 BNB parked at the same spot, valued at $288 million. 

According to the explorer, the address was previously detected as part of the "BSC bridge attack," as [revealed](https://twitter.com/AnciliaInc/status/1578155138857914368) by the Web 3 cybersecurity organisation Ancilia. Tether, the creator of the world's largest stablecoin, has already [blocked](https://twitter.com/0xfoobar/status/1578144109206073344) the account.

## Can funds be recovered from the Binance hack? 

[BNB](/news/article/bnb-chain-security-system) had recently [verified](https://twitter.com/BNBCHAIN/status/1578163230790520832) that about $70 to $80 million in assets vanished from the platform before being suspended. Another $7 million of the escaped monies became blocked due to "the community" and [Binance's](/news/article/binance-bridge) "internal and external security partners." 

The business also acknowledged several organisations for their assistance, including CertiK, Ankr, and Coinbase Cloud.



$600mil Binance hack leads to BSC pause

[SushiSwap](/coins/sushi) is an acclaimed decentralised exchange (DEX) which is transforming into an ecosystem of DApps. Unlike many other DEXs, it does not only support Ethereum but several different blockchains. This interoperability gives SushiSwap an edge over its competitors. 

One of its innovative services is the SushiSwap Metaverse. The unique thing about this is that it is an intermix of the NFT marketplace and the Metaverse. Its ecosystem is entirely backed by [Sushi](https://sushi.com/) and is built to serve both; artists and art collectors. 

This article will discuss everything you need to know about the SushiSwap Metaverse!

## The ShushiSwap Metaverse - Shōyu

The SushiSwap Metaverse is named Shōyu and was launched in November 2021. The platform, which merges the 3D virtual environment and an NFT marketplace, is shaped by the decentralised Finance (DeFi) firm Sushi on the Ethereum mainnet. It works like an Automated Market Maker but also has cross-chain features. It can support L2 solutions like [Polygon](/news/article/polygon-crypto).

It introduces 3D art galleries, where art appreciators can participate in exhibitions via VR devices. Collectors and artists can communicate with each other in a virtual setting, creating a dynamic experience for all. 

You are also able to trade your NFTs via these 3D galleries. You can bid in several ways, including English auction, Dutch auction, or simply buying at the fixed price. It also creates accessibility for the collectors by introducing NFT shares.

 ## Features of SushiSwap Metaverse

1. Compatible with the Sushi ecosystem
Shoyu, the NFT marketplace and [Metaverse](/news/tag/metaverse), is powered by the Sushi platform. This makes it a unique platform that combines DeFi with art. Moreover, Sushi has helped Shoyu to deviate from the conventional structure of marketplaces. It has introduced the 3D immersive environment of Metaverse in NFT trading.  

2.          3D art galleries
As this NFT platform also shares the features of a Metaverse, it also has 3D art galleries. Artists can showcase their digital art collection in a customised, immersive environment. It changes the traditional grid-like display of collectables to more like a real exhibition mode. For this purpose, it supports various VR devices to make them more accessible for the collectors. 

3.          NFT shares
On this platform, you can also have shares in a non-fungible token. As NFTs are quite expensive, not all art lovers can afford them. It solves this problem of inaccessibility by introducing NFT shares. That’s why multiple collectors can claim part ownership of an NFT simultaneously, and its price is shared among them.

4.          Low gas fees
A low transaction fee is another advantage of using SushiSwap Metaverse. It is an automated market maker (AMM) on the Ethereum blockchain with the multi-chain feature. This allows the platform to support several L2 protocols like Polygon. These solutions are much cheaper and less congested in comparison to Ethereum. That’s why you can enjoy cheaper transactions on it. 

5.          Environmentally friendly
The L2 solutions also make it an eco-friendly option. Since Ethereum’s main net consumes more energy, it has more emissions. So, it takes operations off the Ethereum blockchain to other energy-efficient blockchains. 

## Bottom line

Shōyu by Sushi is a highly dynamic [NFT market](/news/article/buy-nft-market) that incorporates virtual reality experiences for both; artists and collectors. It has revolutionised the traditional setup of NFT marketplaces. Besides, it creates more accessibility for digital art collectors by offering the option of acquiring shares in a digital art token. 

In addition, it has cross-chain features too. Therefore, it can support the Polygon network, which allows lower gas fees and is eco-friendly. Because of such features, the SushiSwap Metaverse is a novel alternative to popular NFT marketplaces.



SushiSwap Metaverse 101: All you need to know

[Swapit.io](https://swapit.io/) is a one of a kind DeFi platform that brings in the unique features of gameFi and NFTs with it. It also introduces a mobile application that allows users easy access to its services. Besides, the platform's [GameFi](/news/article/what-is-gamefi) involves social gaming features, which can shape a dynamic community. 

Moreover, the roadmap for this project hints toward a possible NFT distribution service. It also aims to introduce Ethereum-like protocols and interoperable standards. Indeed, the features of this [DeFi](/articles/learn-moni/what-is-a-defi-token) platform sound promising. But due to a lack of clarity in its roadmap, it faces questions about its legitimacy. 

## How does Swapit.io work?

Before we discuss whether or not Swapit.io is legit, it's essential to know how it works. The games on the platform have the swap and win mechanism. There is a random number generator or RNG algorithm behind it. It generates randomised numbers that trigger a particular event in the game. It may result in getting a rare collectable or landing a hit. 

The platform introduces 980,000,020 cards as tokens. RNG score decides the items you will get for a game. The Joker card is the rarest, and if you submit it to the community pool, an NFT will be auctioned. To trade these NFTs, you will need SWIT tokens. 

## Swapit.io trustworthiness

The project combines three different elements on the [blockchain](/articles/learn-moni/what-is-blockchain). These are; Play-to-earn games, NFTs, and a tokenised DeFi ecosystem. It is a decent project built on a highly trusted network of [Binance smart chains](/news/article/bnb-price). Moreover, it has sophisticated SWIT tokeonomics with a total supply of 1,000,000,000. 

Besides, one prominent feature that makes it trustworthy is that the project is audited by Automated Security Audit System (ASAS). This ensures that no overpaying happens by maintaining weekly payouts at 80%. Along with that, its roadmap suggests that NFT distribution and interoperable protocols can be introduced later. 

However, one thing that still leaves some doubts is the lack of information about the project's founders. But, all the other signs indicate that Swapit.io is a legit company. 

This review is based on the information provided on the company website and other available resources. There is always risk involved in crypto-related services and products. That's why it's wise to conduct your research before investing.
 



Swapit.io Review

The [Celo platform](https://celo.org/) is a layer-1 protocol that introduces an ultralight and fast app through which you can do transactions in stablecoins or tokens. This protocol allows you to develop user-friendly and borderless financial tools accessible via mobile.

The Celo token as it is the native currency on the platform. You can earn this crypto in various ways, including staking, [lending](/news/article/crypto-lending), or yield farming. However, as it is based on PoS, staking is highly rewarding.

This article runs through the steps to stake Celos to make better profits. 

## How to stake Celo?

The following simple steps will help you figure out how to stake Celo tokens!

1.	Create a Celo web wallet

![celo 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/celo_1_20be758d83.png)
 
You first need to create a web wallet to earn Celo staking rewards. For this, go to the [Celowallet.app](https://celowallet.app/setup) and click on *Create New Account*. It will show a warning for security risks of using the browser version. Here you can proceed by clicking the *I Understand* button. 

![celo 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/celo_2_84ae71b2aa.png)

Then, it will show your public address, unique icon, and seed phrase. Note down your wallet address and seed phrase so that you can securely access your account in future. 

2.          Set up the desktop app

After that, install the desktop app on your device. Sign in to your wallet by entering your details. Once your wallet runs on the app, you can send Celos to it for staking.  

3.          Lock Celos

Now, you need to lock the Celos you want to stake. For this, click on the *More* button, which will open a dropdown menu. Select the Lock option here and enter the amount you want to stake. After that, proceed with *Continue* and confirm with *Lock*.
 
4.          Assign Celos to a validator group

Once you have locked the tokens for staking, you can assign them to multiple validators. Again, go to the More dropdown menu and select *Stake* for assigning them to a validator. It will lead you to a list of validators in the system. 

This is tricky, as you have to choose the right validator to earn better rewards. However, you can easily check their track records by clicking on their names. If the status is good, you can proceed with the *Vote for Group* button.

After that, you can enter the number of tokens you would like to delegate to the selected validator. Finally, continue and confirm by clicking on Vote.

5.          Activate validator votes

The last step for staking Celo is to activate your validator votes. As the platform requires 24 hours to verify the votes, you would have to wait. Then, revisit the app after the period, and it will ask you about vote activation. 

Proceed with *Activate*; a page will appear with all the details about the validator and staked amount. Finally, verify these details and activate these votes to stake Celos.

## Bottom line

Celo staking is one of the easiest ways of earning rewards on the platform. First, you must set up a Celo wallet and app on your device. Then, send Celos to your wallet and lock them for staking. After that, delegate the tokens to a validator by voting for them. Finally, activate your votes after 24 hours to earn staking rewards. 



How to stake Celo? - A step-by-step guide

SUKU is an Ethereum-based platform that aims to increase transparency in supply chains. The platform also focuses on the NFT space, DeFi space, and Metaverse. Its team is developing various applications for NFT marketplaces and lending based on decentralized finance (DeFi).

## The platform

Launched in 2020, SUKU is not the only blockchain-based platform focused on the Supply chain industry. However, it has a few unique products that make it a blockchain-based project worth watching out for.

•	InfiniteWorld: InfiniteWorld works as a bridge between the physical and digital world. It brings brands to the Metaverse through [NFTs](/news/category/nft-news).

•	SUKU Omni: This product enables brands to transform their supply chain data and analytics into verified stories that consumers can engage with. It allows consumers to learn about the entire journey of the product and its carbon footprint.

•	SUKU Defi: This product enables small businesses and supply chain participants to receive the capital they need through Defi to grow.

## The token

SUKU's native utility tokens have several uses in its ecosystem. Holders can use them to pay transaction fees and vote. They have also rewarded incentives.

The tokens have no max supply cap. There are currently 178,386,797 coins in public circulation. As of writing, each of them is trading at $0.09593. [Coinmarketcap](https://coinmarketcap.com/currencies/suku/) ranks them the 661st largest cryptocurrencies in the world by market cap.

The tokens are available on various crypto exchanges, including Huobi Global, KuCoin, BTCEX, and MEXC. Besides purchasing them, you can also earn them as rewards by simply creating a wallet with them to interact on the platform.

## Price prediction

Priceprediction.net predicts SUKU coins may trade at an average price of $0.17 in 2023, $0.26 in 2024, and $0.38 in 2025. They may sell above $1 in 2028 and $2 in 2030. By 2031 they may be trading above $3. The longer you hold on to them, the better your returns may be.

Digitalcoinprice doesn't predict as promising a future as Priceprediction.net. But, it does predict some positive price movement. According to the site, the coins might trade at an average price of $0.14 in 2023 and 2024. In 2025 they may be worth $0.19. By 2031, they may still be trading below $1.

WalletInvestor predicts a disappointing future for the coins. According to the site, they may end the year 2022 trading at $0.00460. They may also continue to trade below $0.01 for 2023, 2024, and 2025.

## Bottom line

Considering what the SUKU platform has to offer and how its coin has and continues to perform in the market, the project is worth reading carefully before considering it as an investment option.

Several investors see the project as an excellent long-term investment option, but it's the crypto space; anything can happen. Always take your time before investing in any crypto asset. Do as much research as possible to avoid regretting any investment move you make in the crypto space.


SUKU crypto: Everything You Should Know

Investors have many options for digital trading assets, offering them varying services. One such exchange that is becoming increasingly popular is [Biswap](https://biswap.org/). It is a decentralised cryptocurrency exchange that works as a Defi platform. 

The unique thing about this [DEX](/wiki) is that it offers high returns through its yield farm and referral program. The platform claims to be the most economical as it provides minimal exchange fees. However, its legitimacy is often questioned by investors. 

If you are also wondering whether it is legit or a scam, here’s a thorough Biswap review!

## What does Biswap offer?

It is a Defi-based decentralised crypto exchange that allows you to make high profits through its services. It is built on the [BNB chain](https://www.bnbchain.org/) and is compatible with all BEP-20 tokens. Along with the yield farm, you also have a liquidity mining service and lottery that attract many investors. 

Moreover, it offers launch pools and introduces its native token, [BSW, for staking](/news/article/binance-staking). The token has several use cases and serves as a governance token for the platform. As for the trading fees, it charges only 0.1% of the amount. This fee is relatively lower in comparison to other DEXs on BNB. Besides, it runs its own NFT marketplace and gameFi as well.

## Referral program

Meanwhile, you can further generate passive income through its referral program. If you refer it to someone, you can earn profits in three ways. These include:

1.	A percentage of exchange fee
2.	5% from yield farms
3.	5% from launchpool profits

## BSW token

BSW is the native token on the exchange. There are a maximum of 700,000,000 tokens in the supply. However, currently, 100,000,000 BSWs are circulating in the market. Currently, each token is worth [around $0.32](https://coinmarketcap.com/currencies/biswap/), whereas, at the beginning of the year, it was over $1.  

The token is deflationary, so its supply is reduced by the burning method. Half of the transaction fee amount is used to burn them. You can stake your BSW tokens to earn up to 600% of rewards through launchpools and farming. 

## Is Biswap safe?

Biswap is a legit platform. Its security is backed by Certik. It performs independent audits for the exchange and ensures transparency. Moreover, if you are concerned about any financial crisis on the exchange, it ensures protection with its insurance fund. The platform has a SAFU fund, for which it has assigned 1% of the total BSWs. Besides, the platform also provides a transparent fee structure, so you know exactly how much you have to pay. 

## Summing up the Biswap Review

Biswap is an innovative project that combines numerous services on one platform. You can use it for swapping, mining, and staking tokens. Furthermore, you can earn great rewards through the lottery, launchpools, and its three-way referral program. 

Apart from that, it offers an NFT marketplace and gameFi. Along with all these features, it is a safe platform certified by Certik. 
 



Review: exploring Biswap

[Polkadex (PDEX)](https://polkadex.trade/) is a unique Defi project introducing a decentralised crypto exchange. It is developed using Substrate and AMM decentralised exchange models and the centralised order book mechanism. This DEX offers a non-custodial and peer-to-peer order book having a web3 foundation. 

 What makes the project distinctive is its native token, the PDEX coin. It is used for the network’s governance, and also you can stake it to earn profits. In this article, you can learn about what this altcoin is and how its protocol works.
 
## What is a PDEX coin?

It is the native token of the Polkadex trading platform on the [Polkadot](https://polkadot.network/) blockchain. For the network’s governance, this ERC-20 token is used. It allows the members to participate in critical decisions. Also, it will enable participation in IDOs and helps in validation.  

The [PDEX coin price](https://coinmarketcap.com/currencies/polkadex/) is around $1.75, with a total supply of 20 million coins. Since it is an inflationary token, its supply can fluctuate. However, there are only 1,963,860 tokens in circulation.

## How does the PDEX coin protocol work?

It was developed to solve the problem of high transaction fees, scalability, and decentralisation. For this reason, its team developed a platform using a blend of different technologies. 

Like [Polkadot](/news/article/polkadot-price-uk), it also works with the Proof-of-Stake (PoS) mechanism. But it used the technologies like Fluid Switch Protocol (FSP), Automated Market Maker, Substrate, and centralised order book model. These technologies ensure that it not only performs as a token but helps the DEX ecosystem too.

Because of this, they introduced a chain having a slim design that offered a throughput of 500K TPS. Also, it increased the liquidity and introduced feeless transactions on the platform.  

## PDEX coin staking

It allows you to take part in validation and provides incentives. If you hold the PDEX coins, you can stake them to make profits. The Nominated PoS mechanism selects validators for consensus. At the same time, coin holders can participate as nominators who can nominate 16 other validators. The tokens of both parties become collateral, and they can earn incentives on it.   

## Bottom line

PDEX coins are the natives of an innovative project introducing the idea of an efficient Defi DEX. It works on the PoS consensus mechanism and powers the entire ecosystem of Polkadex. It has several use cases like governance, validation, used as trading fees on the exchange, and earns you staking rewards. 



PDEX coin protocol explained 

[Investing in KDA](https://coinmarketcap.com/currencies/kadena/) requires that you have a valid email address and identity. Once you've verified your identity, you can deposit funds to the exchange or exchange your funds for Kadena. Once you've purchased the desired amount of KDA, you can withdraw the token to your wallet.

[Kadena's digital currency](https://kadena.io/) is primarily aimed at the sizeable DeFi market, where there are many applications. The PoW consensus mechanism and capped supply of Kadena's digital currency make it an exciting choice for this space.

The project's founders have extensive experience with blockchain technologies, including Bitcoin and Ethereum. 

Despite being relatively new, Kadena has already attracted the support of several prominent crypto venture capitalists, including CoinFund, Multicoin Capital, and Amino Capital.

The project aims to address the challenges associated with existing blockchains while delivering the same level of security as Bitcoin. The new platform also provides end-to-end solutions, including a mobile wallet that's easy to use. 

With more than 15 thousand active monthly users, Kadena's X-Wallet is poised to become the leading crypto wallet of the Kadena ecosystem.

The company is also pushing the boundaries of DeFi protocol development, creating a multichain, scalable DeFi ecosystem. In addition, Kadena's digital currency will be built on the only scalable PoW layer-1 blockchain.

## Its scalability

While Ethereum is widely considered a powerful platform, it has issues with processing times. Ethereum is moving towards a Proof-of-Stake algorithm, which should increase speed. However, other projects, [such as the Solana project](/news/article/solana-price-gbp), compete directly with the KDA coin.

The Kadena project's unique architecture aims to provide scalability and security. It is built on a hybrid blockchain platform with a public chain protocol Chainweb and a private chain protocol Kuro. The KDA team claims that the new architecture makes it easier for businesses to use the technology.

The Kadena coin uses a Proof-of-Work algorithm similar to Bitcoin but is designed to be more scalable. Its prototype can process over seven thousand transactions per second. It is also focused on security and scalability, making it a strong competitor of the Ethereum blockchain.

## KDA coin value

Since launching, Kadena has grown by about 125% year-to-date. The startup claims that its cryptocurrency has the potential to revolutionize the way the world interacts. The platform offers unique features and is highly stable, making it an ideal investment opportunity.

The company has a website that claims that Kadena preserves the security of Bitcoin while allowing for faster transactions. This cryptocurrency has also performed very well in the fourth quarter of 2021, even though the cryptocurrency market is saturated with startups seeking to promote the mainstream adoption of blockchain.

## How to buy it

If you've ever wondered how to buy KDA coins, it's straightforward, and you won't even need to use your credit card. First, sign up for an account on a cryptocurrency exchange such as Coinbase. Then, you can deposit funds and exchange them for KDA.

Once you've verified your identity and email, you can enter the amount you'd like to purchase and click "Buy." Once you've received your KDA, you can withdraw it to your wallet.

Next, visit CoinMarketCap to find the best place to buy Kadena. You'll see a list of exchanges where you can buy KDA and other currencies. Using a significant cryptocurrency exchange, you can also use a bank account to purchase KDA.
 



Kadena- How to buy KDA coin

DeFi dashboards are gaining traction in the crypto community. They not only assist investors in keeping track of their funds but also in entering and exiting positions with a one-click solution. DeBank is undoubtedly one of the leading projects in this niche, which is why we will look into it further.

## What is DeBank?

[DeBank](https://debank.com/) is a [DeFi](/articles/learn-moni/what-is-a-defi-token) dashboard that monitors over 800 protocols across 15 chains. It gives users a quick overview of their holdings, positions, outstanding loan debt, and pending rewards.

 Some reputable funds have expressed interest in the project, raising more than $25 Million for further development. These companies' names include Circle Ventures, Coinbase Ventures, and Crypto.com.

## How does DeBank work?

Step 1: Wallet verification

You may need to verify your address after connecting your wallet to the website to use the dashboard.

Step 2: Dashboard

When the transaction is complete, you can access your profile page by selecting it from the menu on the left side of your screen.

Step 3: Select chain 

If DeBank is tracking the protocol and chain you are on, it will show you an overview of all the assets belonging to your wallet when you open your profile. It is also possible to track funds on each blockchain separately. Select your preferred chain, and the dashboard will provide you with an overview of your assets on that chain.

Although NFT tracking is available by other analytics platforms, not all marketplaces are covered. If you have the NFT in your wallet, it should appear on the dashboard.

Step 4: Revoke permission

The approval page is helpful if you have permitted protocols you want to revoke. It will show you which protocols have permission to spend your tokens and how much capital is at risk if these permissions are misused.

If you want to stay safe and organised, you can use this option to revoke any permission you've granted on the DeBank-supported chains.

Step 5: Bundles

Bundles enable you to track multiple wallets if necessary. Add the desired addresses to a bundle, and the platform will track the addresses. It is possible to create numerous bundles as well.

Step 6: Filter search

DeBank also provides a comprehensive DeFi List, which tracks nearly all significant protocols and projects across 17 chains. Users looking for new investment opportunities can easily find them by filtering by blockchain and niche.

For example, if you want to find DEX aggregators on Ethereum, choose ETH as the preferred chain and DEX-Aggregator as the second option.

Finally, the DeFi tool can significantly assist those involved in multiple projects who want to participate in governance. The dashboard collects all active proposals from various projects and gives users a quick overview. There is also the option to view only those relevant to you.

## DeBank: Review

DeBank is still in its active development phase. Some features, such as Swaps, will be removed from the app, while others will improve as the platform iterates. In terms of functionality, there is no doubt that DeBank can be highly beneficial to DeFi users working on multiple projects simultaneously.

It provides a comprehensive overview of your portfolio and keeps track of numerous projects and their governance proposals. It should be simple to stay organised and informed with DeBank.
 



DeBank- DeFi tool

What is Infinity Token? It is a new cryptocurrency that seeks to revolutionize the world of digital payments. It offers several advantages over traditional payment methods, including faster transaction times and lower fees. But perhaps the most impressive thing about it is its unique proof-of-stake algorithm.

This algorithm allows users to earn rewards for holding Infinity Mining Tokens (IMT), which helps to secure the network and keeps inflation under control. In this blog post, we will explore the features and discuss why it may be the future of digital payments!

## Infinity Token: the future of mining  

[The Infinity Mining Token](https://www.infinityminingtoken.io/) is an ERC-20 token based on the idea of distributing hash power and Bitcoin rewards among miners through a network of shared mining hardware. The option to trade IMT for IHASH or simply speculate on the price will be available to stakers.
Mining a block requires your computer to organize recently completed transactions into chronological order in a distributed public ledger. The computer then generates a 256-bit hash value from the block. The block has been mined and broadcast if the value starts with a sufficient number of zeros. The greater the processing power, the greater the likelihood of receiving rewards.

The miner's responsibility is to set up and operate their [mining hardware and software](/news/article/sustainable-mining). Mining cryptocurrencies like Bitcoin requires a setup that allows for minimal overhead while maximizing hash-rate production. With the launch of Infinity Mining Token on August 6, 2021 (previously titled Infinity Token), the team set out to achieve complete decentralization in the mining process.

IMT developers worked closely with the Fair Token Project (FTP) during its initial stages. Token holders were eligible to receive 5% of the ecosystem rewards from the IMT and IHASH tokens, thanks to FTP. The total number of Infinity Mining Token holders is slightly over 800, and its market cap is $2.5 million.

The group is moving away from hosting bitcoin miners at a shared facility. The Infinity Mining community has successfully crowdfunded the purchase of 40 Application-Specific Integrated Circuit (ASIC) mining rigs using revenue generated from trading.

The IMT crew has also located a vendor who sells S19 PRO 100 models at a 20% discount from the original price. The group is getting ready to switch to a new growth model based on a new treasury system and an increased number of miners as we look to expand into new areas.
A representative staking platform will be a part of the Infinity Mining protocol. By exchanging IMT for IHASH, IMT owners can participate in staking and earn Bitcoin passively. Users can opt to stake a larger share of the hash rate for a more extended period.
A user's staked Bitcoin in the vault will grow by a small amount daily. IMT will be stored safely in a cold storage vault while you convert it to IHASH. There will be a 72-hour grace period during which the user can either keep their stake in place or remove it. Any unspent IMT tokens will remain in the cold storage facility indefinitely.

Like other Defi protocols and exchanges, the IMT staking platform will charge its users a fee. If users decide to un-stake their tokens before the end of the specified staking period, they will lose a certain percentage of their tokens yield.

The IMT speculates the price of ASIC mining hardware, and Infinity Token community members will guide on matters such as selecting a secure cryptocurrency wallet.



Infinity Hashpower Token: the future of Crypto?

The Seesaw protocol is a decentralized, multi-chain, noncustodial ecosystem of Defi products, protocols, and services. 

Launched in January 2022, the protocol is a fairly new and ambitious blockchain-based project created to bridge multiple blockchains. It is capable of running in all smart-enabled blockchains. It currently runs on the BNB Chain with plans to also run on the Ethereum and Polygon blockchains.

## The Seesaw token

The Seesaw token (SSW) is the utility token of the Seesaw protocol ecosystem. Holders of the tokens can use them to connect between the three blockchains to find the quickest and most reliable network at any given time.

SSW can be traded and farmed across the Binance Chain, [Ethereum](/coins/eth), and Polygon blockchains. The tokens have a max supply of 990,000,000 SSW coins.

Among the many reasons to get this digital currency is the reward incentive of simply holding them. A regular airdrop feature enables long-term holders of the token to earn extra coins.

As of writing, each coin is currently trading at $0.000964. According to [Coinmarketcap](https://coinmarketcap.com/currencies/seesaw/) rankings, they are the 7,943rd largest cryptocurrencies by market cap.

## SSW price movement

On April 8th 2022, SSW launched on Pancake Swap after being locked in presale for three months. Their price at the start of the presale was $0.005. On April 14th, the tokens experienced their all-time high price, trading at $0.46.

The tokens would, however, start to experience a price decline going forward. According to many expert investors, it was to be expected as the entire cryptocurrency space was experiencing a bear market. By the end of May, each SSW coin was worth $0.004495.

The tokens ended June trading at $0.001172 and July worth $0.0009315 each. Things are still not looking up for SSW as it continues with its downward trend.

## Is the Seesaw protocol a good investment?

Some crypto investors have pointed out a few concerns about the seesaw protocol (SSW)
. While it does offer a much needed solution in the crypto world its huge token price crash is of concern.

Huge crashes are, however, common in the crypto space. Shiba Inu (SHIB) is a good example of a cryptocurrency that has experienced several huge crashes and is still going on strong.

The fact that the project is backed by an anonymous team is also concerning to some people. But, so are many other crypto projects. Bitcoin continues to dominate the crypto market, yet its creator, Satoshi Nakamoto’s true identity, is yet to be known to date.

## Bottom line

To be fair, SSW is new, and we can only expect so much as the project behind this cryptocurrency continues to develop. 

As for now, how the tokens will behave in the future, only time will tell. On the bright side, their current market price makes them an ideal entry point into the crypto market. Just remember to do your research before investing in any crypto project.





The Seesaw Protocol Explained

[DeCredit](https://www.decredit.io/#/) is pioneering the DeFi lending sector by laying the foundations of a decentralized credit-based lending model that enables users to secure loans without deposit capital as collateral.

We all agree that nowadays, decentralized lending can act as a powerful tool by giving ordinary people more control over their financial assets. 

Up to now, loans worth billions of dollars have been started and amortized by using smart contracts, enabling outstanding loan rates. Also, users were finally enabled to earn interest that was previously shared among intermediaries within the financial sector.

Some of the most favoured loaning platforms have been using over-collateralization as a way to secure a loan. All extra capital was raised in order for the platform to take out a smaller loan than the original deposit. This was, until recently, the only way to provide security to the lender in a decentralized manner. It basically meant that if the borrower does not meet all of his debts plus interest, the creditor can claim the original collateralized deposit. 

## DeCredit combines on-chain and off-chain credit assessments

DeCredit users are, therefore, enabled to receive off-chain credit ratings in order to secure loans. DeCredit uses so-called “credit authentication nodes” and “decentralized oracles” to offer various lending limits and interest rates to users. It utilizes the combination of on-chain and off-chain credit assessments that simplifies loan-securing since the client has control over his assets all the way. 

Through the original usage of the DeCredit scoring System (DSC), an encoded algorithm assesses the potential credit risk for a user and calculates an exact credit score that outlines the solvency of any individual user out there.

## Making Credit-Based Lending Global

A lot of people have already tried to secure a loan in a traditional way, such as banks and other creditors. The process itself is mundane, complicated and often extreme and makes securing a loan more and more challenging.  

Still, in spite of all the challenges, one going through it could find himself lucky as billions of people around the globe have no access to banking infrastructure whatsoever. 

DeCredit seems to be having the solution for the unbanked as well. By using the DeCredit platform, users don’t have to have a bank at all since securing the loan can be processed purely by being connected to the internet.

## What are Credit Oracles?

Dubbed decentralized credit oracles, they are customized to the needs of each client. Basically, these credit nodes enable blockchain users to perform credit analysis and transfer it to the smart contract, where the results can be accomplished. 

The main utility of Credit Oracles, is to enable blockchain platforms access to both on-chain and off-chain data sources.

## Over-collateralization issues

As already mentioned, most lending protocols use over-collateralization of loans, especially in cases where there is no effective credit rating scheme.

Here are some problems when it comes to over-collateralization:

• Disqualifies credible users from getting credit

If user cannot deliver collateral with a value that is above the borrowing amount, they can’t access a loan.

Usually, in TradeFi, clients who have high credit scores can easily get a loan because they have proven to be financially responsible, meaning they have a track record of paying their debts on time. 

By being implemented in the DeFi space, these innovations enlarge the system’s operations and increase adoption.

• Lacking liquidity

In TradeFi, liquidity is boosted through revenue-generating transactions. Users with good credit ratings get their loans, and in return, they pay back interest. However, when you deal with over-collateralized lending, this means the growth of liquidity is minimized.

## How DeCredit solve over-collateralization problems?

DeCredit basically feeds off-chain credit records to DeFi protocols and therefore minimizes the reliance on over-collateralization.

By using blockchain, DeCredit is bringing in a provable strategy.

Traditional institutions usually approve all off-chain credits given if they are approved and if the credit solvency of borrowers is verified.

Off-chain credit data comes here as an add-on to on-chain credit. This means that given the matching level of loan-to-lending ratio, and after credit scrutiny, the borrower gets encrypted funds, a low mortgage rate and all in the stable currency from the liquidity pool.



What is DeCredit?

An upcoming blockchain technology project, [Block Busters](https://bbtftoken.com/), has been making rounds lately. Reportedly, the company is about to launch its token on 05 August 2022. A few Safemoon investors started the project to help firms transition from web 2.0 to web 3.0. The project is a liquidity injection protocol that allows businesses through tokenization. 

For the last eight days, the project has been trending on Twitter with #BlockBustersTech and is making waves in the DeFi space. The unique thing about its hype is that the project did not have a prior reputation. However, it recently carried out a successful presale for the BBTF token and is now looking forward to the ‘big launch. 

## How does the Block Busters protocol function?

Block Busters claim to have a complex and innovative protocol functioning that makes [web 3.0](/articles/learn-moni/web-3.0-crypto) transitioning relatively straightforward. Its methodology applies a 16% tax on all transactions within the system. A part of this tax is used for different purposes like rewards, reflections, and automated liquidity. 

This DeFi infrastructure is completely tokenized, which makes smart contracts more innovative. Besides, its reward mechanism includes both internal and compounded rewards. For this reason, there are a total of 8 different reflected tokens in the system. That’s why as a BBTF token holder, you have an excellent opportunity to make a passive income.

![block busters tech.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/block_busters_tech_2c8e33ff8a.png)
 
Source: (BBFT, 2022)

## Will Block Busters live up to its hype?

Block Busters’ protocol looks quite promising as it provides excellent incentives while maintaining the security of smart contracts. Moreover, the project has a team of over ten people, which adds to its credibility. On the other hand, they are also working on several innovations in the ecosystem. In the future, we might see innovations like a transaction viewing platform, smart contract development, DEX platform, and other NFT and Metaverse utilities. 

Though there is great potential, projects running on incentives are always risky. Recently, as such projects are crashing like the house of cards, it is better to conduct proper research by thoroughly reading its whitepaper and information on the website.






Block Busters Tech: Is it worth the hype?

It is alt season crypto time, when cryptocurrency investors look to diversify portfolios with altcoin buys.
Bitcoin may get all the headlines, but there are plenty of other coins out there - alternative coins or 'altcoins' - for alt season crypto investing.
Here are considerations when you think about diversifying your crypto portfolio into altcoins.

## Investing in altcoins

[Investing in altcoins](https://solberginvest.com/blog/invest-in-altcoins/#:~:text=The%20Best%20Way%20to%20Invest%20in%20Altcoins%20for,Decide%20where%20you%20want%20to%20buy%20the%20altcoin.) is a great way to diversify your portfolio while still gaining exposure to Bitcoin. While Bitcoin is the dominant coin in the crypto market, altcoins have much less liquidity than Bitcoin.
Therefore, smaller traders can have a larger impact on their direction. Also, you can ride a wave of early investment when an altcoin project is just getting started.

New exchange listings, product releases, partnerships, and tech developments can also drive up the price of an altcoin.
Some consider investing in Bitcoin the safest option because altcoins can have volatile and erratic values. Because altcoins are new to investors, you'll want to do your homework to avoid being scammed or losing money.

## Researching altcoins

Before investing in altcoins, it is necessary to do your research. First, you should analyse the project's feasibility and possible exit scams. Make a mistake and you may end up losing substantial amounts.
Also, you should not invest in altcoins just for the sake of stacking them.

Fundamental analysis: While fundamental analysis requires technical knowledge of crypto and blockchain, it can give you a good idea of what a certain altcoin is worth. This type of analysis looks at the underlying story of a cryptocurrency and its management team.
In addition, it may include factors like competition, tokenomics, and partners. Ultimately, it will help you decide whether a particular altcoin is worth investing in or not.

## Alt Season Crypto Investing

When it comes to investing in altcoins, it's important to diversify your portfolio to minimise your risk of total investment loss.
Investing in one altcoin alone will not protect you from complete loss. It is best to spread your capital across several altcoin projects, as the price of one can spike. Investing in crypto during altcoin season can be a lucrative opportunity, but you should be prepared to sell to realise potential profits.
The reason why investing in altcoins is such a good idea is because these currencies are experiencing a period of extreme volatility. The biggest contributor to this volatility is the emergence of smart contracts and the DeFi boom.

Altcoins have seen significant growth in previous years, but with the way the markets are right now, there is a risk of substantial losses or reduced growth at the very least.
The general rule is that the best time to invest in altcoins is before they reach a major price peak.

## Investing in altcoins to diversify a portfolio

Investing in more than one cryptocurrency is a good way to diversify your portfolio. You can choose a different crypto every time you see a good price and invest a portion of your money in that asset.
To get started, you can invest in several different cryptocurrency projects and choose a handful that has a good reputation.
To diversify your portfolio, you can invest in stablecoins pegged to traditional assets. These coins are often used as a hedge against market volatility. There are other ways to diversify your portfolio, too.

One way is by regional diversification. This means investing in various crypto projects around the world.
Time diversification is another option. In this case, you can invest in several different coins over a long period, or dollar-cost averaging.

## Investing in altcoins to increase [Bitcoin](/coins/btc) holdings

There are many reasons to invest in altcoins. Unlike Bitcoin, these currencies are not intended to be traded for a profit. They are designed to solve various issues that make Bitcoin unsuitable as an investment vehicle.

Experts agree that crypto is here to stay. Indeed, the Biden administration has emphasised the need to regulate this industry.
Moreover, blockchain technology continues to hold massive potential in various industries.

Before investing in any digital currency, do your research. It is crucial to understand the risks and rewards associated with each altcoin.
Some may be scams or are simply not as trustworthy as Bitcoin. If you're not sure about the risks involved in an altcoin, read a white paper or consult with a financial advisor. This way, you'll know which cryptocurrencies will increase in value and which ones will only decrease in value.


Alt Season Crypto Investments

The search phrase 'what are reflections in crypto' yields 4.36 million results in 0.49 seconds on Google. That's a lot of information out there on reflection tokens.

So, what do we mean?

## Passive Income

Smart contracts in Decentralised Finance (DeFi) have been at the core of some of the fastest-growing projects, such as Ethereum, Solana, and the former Terra LUNA.
Mainstream cryptocurrencies that also serve as DeFi tokens help investors make additional income through their crypto holdings. Some of the processes used in earning passive income are through staking and liquidity provision to support automated market makers such as decentralised exchanges (DEXs).

Such a process was quite complex and added to the burden of beginner traders and investors who were alien to blockchain technology and cryptocurrency as a whole.
Several developers understood the plight of such people and introduced reflection tokens into the crypto finance space.

With reflection tokens, there is no need to learn about liquidity mining, staking, or yield farming. In trying to understand this new breed of digital currencies, we ask what are reflections in crypto and how do they work?

## What are Reflections in Crypto?

Popularly known as rewards tokens, reflection tokens are digital assets that reward their holders using a technique that taxes transactions, with a percentage of this tax being redistributed to token holders.
Holders receive tokens in their crypto wallets. Although the end result of yield farming and staking is to reward holders, reflection tokens reward holders for just having the coins in their wallets. Holders do not have to join a staking or liquidity pool before they can see additional rewards periodically. Tokens are normally distributed based on the size of holdings.

Reflection tokens have several advantages. Among them is the prevention of large price declines.
Cryptocurrency LUNA crashed because large whales decided to let go of their holdings. Per the fundamental laws of economics, the more supply of an asset, the lower the price of that asset.

Due to the mechanism that taxes transactions and redistributes coins to holders, owners of a particular reflection token will hold onto their tokens for more rewards.
Simply put, reflection tokens play an invaluable role in helping keep investors loyal to a particular crypto project.

## Examples of Crypto Reflection Tokens

For those who want to find answers to what are reflections in crypto with an eye on the tokens, [EverGrow](https://coinmarketcap.com/currencies/evergrowcoin/) Coin (EGC) and Reflect Finance (RFI) are examples of crypto reflection tokens.
Launched in September 2021, EverGrow charges a 14% tax on transactions involving its native asset, ECG. A total of 8% of this tax is redistributed to investors. Rewards are paid in the stablecoin Binance United States Dollar (BUSD) due to the project being housed in the Binance Smart Chain (BSC). As of May 2022, EverGrow Coin has paid more than $36 million in BUSD rewards.

Reflection Finance (RFI) is a reward token housed in the [Ethereum](/coins/eth) ecosystem. Reflect Finance applies a 1% fee to transactions involving RFI and automatically redistributes tokens among coin holders based on the size of funds.

Reflection tokens are here to stay and continue to add more coins to the portfolios of novice and experienced traders and investors.


What are Reflections in Crypto? 

M
## Could VRA crypto transform the future of online sports and gaming?

There's no question that the gaming industry is booming. But what many people may not know is that a large portion of this industry is driven by Esports. In fact, Esports viewership has now surpassed traditional sports in some cases! This is why it's so important for companies operating in the Esports space to adopt new technologies and platforms that can improve their business.

One such technology is blockchain-based virtual reality asset (VRA) crypto. Here, we explore how VRAs could transform the Esports and in-game ownership industries.

## What Is VRA Crypto?

[VRA Crypto](https://coinmarketcap.com/currencies/verasity/) is a revolutionary new cryptocurrency designed specifically for use in the fast-growing Esports and gaming industry. With the growing popularity of competitive online gaming, VRA Crypto allows users to trade virtual weapons, skins, or other items used in their favorite games.

Additionally, VRA Crypto can be used to make payments or donations to streamers or professional gamers, allowing fans to support further their favorite players with ease. Overall, VRA Crypto is paving the way for a new era of connectivity and engagement within the booming Esports and gaming industry.

Whether you are an eager gamer looking to invest in an exciting new cryptocurrency or a parent who wants to encourage your child's interest in online gaming, VRA Crypto has something for everyone.

## The Benefits of Using VRA Crypto

VRA Crypto is a cryptocurrency that offers several benefits for gamers and esports enthusiasts. Perhaps most importantly, it is designed to be used as a means of payment for gaming-related activities.

This means that it can be used to purchase in-game items, pay tournament entry fees, or even tip streamers. Because VRA Crypto is built on the blockchain, it is also highly secure and cannot be counterfeited. In addition, the use of VRA Crypto can help to reduce transaction fees, as well as improve transparency and accountability in the gaming industry. Ultimately, VRA Crypto has the potential to revolutionise the way that gamers and esports fans interact with one another.

Virtual Reality and Augmented Reality technology are becoming increasingly popular in the gaming and Esports industries. VRA Crypto is a new virtual currency that can purchase in-game items and rewards.

### The benefits of using VRA Crypto include:

•	Instant transactions: VRA Crypto can be used to purchase, instantly, in-game items and rewards. There is no need to wait for bank approvals or other delays typical of fiat currencies.
•	Lower fees: Transaction fees with VRA Crypto are significantly lower than those associated with traditional payment methods such as credit cards or PayPal.
•	Security: VRA Crypto uses blockchain technology to secure transactions. This means that your personal information is safe and cannot be hacked or stolen.
•	Anonymity: You can remain anonymous with VRA Crypto. This is perfect for gamers who want to keep their personal information private.

If you are looking for a new way to pay for gaming and Esports purchases, then VRA Crypto is worth considering. The benefits of using this virtual currency are numerous, and it will only become more popular in the future.

## Can VRA Crypto Create Fairer, More Transparent Ownership?

As modern games become increasingly complex and interconnected, with frequent updates and new content released regularly, ownership models become more opaque and confusing. This has led to frustration among both players and fans who feel they have lost their investment or stake in a game they love.

To create a more fair and transparent ownership model for players and fans alike, VRA Crypto uses innovative new technologies like blockchain and crypto tokens. By leveraging these cutting-edge tools, it provides secure and immutable records of every player's activity in the game. With this transparency, users can see how their favorite players are rewarded for their actions in real-time, giving them deeper insight into the gameplay mechanics.

Bringing blockchain into the mix creates a decentralised platform where everyone's contributions are valued equally and fairly, no matter their socioeconomic status or geographical location.

Adopting VRA Crypto as a platform of choice can help level the playing field for gamers everywhere and create a more inclusive gaming landscape.

The platform uses distributed ledger technology, or blockchain, to give players absolute control over their virtual assets using vRAC tokens. With this approach, all transactions within the gaming ecosystem can be tracked in real-time.

Beyond providing a more fair and transparent ownership model, VRA crypto also allows players to support the development of games they love by owning equity through our built-in fan society program.

## VRA Crypto to Improve Your In-game Experience?

VRA Crypto can improve your in-game experience by providing a more secure and private way to play. With VRA Crypto, all transactions are conducted through a blockchain, which is highly secure and cannot be tampered with. In addition, because it is a decentralised network, it is much faster and more efficient than traditional methods.

As a result, gamers enjoy a smoother and more enjoyable experience without worrying about personal information security.

Several different game developers and platforms currently accept VRA, and the list is growing.

## How VRA Crypto is Being Used

Alongside purchasing in-game items and paying tournament entry fees, VRA can be used to buy merchandise from gaming companies and to donate to charities that support the gaming industry.

VRA is used to reward players for their accomplishments in-game. This provides an incentive for players to keep playing and improving their skills.

It is also used to pay sponsorships, prize pools, and other gaming-related expenses. This allows esports organisations to reduce their costs and pass on the savings to their players. As a result, VRA is helping to make esports more affordable and accessible for everyone.

## The Future of VRA Crypto

VRA crypto is developed with the gaming and esports industry in mind. The VRA crypto team comprises industry veterans who have been working on this project for over two years.

The team believes that this new digital currency will have a major impact on the gaming and esports industries. With the VRA crypto, gamers and esports professionals will have a new way to monetise their skills and talents.

In addition, VRA could help to improve the overall quality of gaming and esports by providing a more competitive environment.

## Conclusion

VRA crypto is different from other digital currencies because it uses a unique algorithm that allows for faster transaction times and lower fees.

The VRA crypto is also optimised for gaming and esports applications. It can be used to make in-game purchases, pay for gaming services, and bet on esports matches.

VRA is also integrated with popular streaming platforms such as Twitch and YouTube. This allows gamers to use the VRA to tip their favorite streamers. 
It could revolutionise the gaming industry by making it easier and cheaper for gamers to transact.

More [Altcoin news](/news/category/altcoin-news).


Can VRA Crypto Transform Esports?

Who could possibly deny that 2021 was _the_ year for cryptocurrencies? Looking back on the market’s recent achievements, we see a pattern of events that are nothing short of remarkable.  Despite it being the _same_ year that the Chinese government took steps to effectively _ban_ cryptocurrencies across the board, digital assets still had enough momentum to go on an absolute tear last year.

It was the year that major players in the banking sector adopted cryptocurrencies as an offering to their institutional investors, and mainstream society finally decided to buy in.  There were also newcomers that added fuel to the market’s acceleration - NFTs (non-fungible tokens) took the arts and entertainment worlds by storm, _and_ society was introduced to the metaverse once Facebook announced that they would be rebranding as “Meta.”

As we enter another year that’s expected to be just as eventful as the last, the lexicon of cryptocurrency is evolving rapidly.  Below are the marquee “buzzwords” that every investor should take the time to understand before investing in the modern cryptocurrency market:

## Buzzwords

**Blockchain**: Ultimately, a blockchain is a decentralized ledger of all the transactions that happen across a peer-to-peer network.  It is a digital ledger that can store data of _any_ kind, including information about cryptocurrency transactions. 

These digital ledgers are essentially a chain consisting of individual “blocks” of data.  As new data gets added to the network, a new “block” gets created and is then connected to the “chain.  The cool thing about using blockchain technology is that all the transactions can be confirmed _without_ the involvement of a central clearing entity or “middleman.” 

**Metaverse**: Think [Roblox](https://www.roblox.com/) and [Fortnite](https://www.epicgames.com/fortnite/en-US/home) – the metaverse is a virtual world.  It is a broadly dispersed, interoperable network of 3D worlds that users can experience simultaneously for maximum social connection.  The metaverse is powered by a wide array of technologies, including cloud computing, infrastructure, user-generated content, and hardware. 

Over the past three years, mega-forces like Google, Apple, and Amazon have invested billions on the creation of the metaverse meaning expectations for the metaverse are incredibly high.

**DeFi**: Here we have the operational _core_ of the cryptocurrency phenomenon.  DeFi is an acronym for _decentralized finance_.  It’s hard to accurately define a $100 billion financial technology that is anticipated to bring down Big Finance and all those traditional, money-hungry bankers, but by using [smart contracts](https://www.investopedia.com/terms/s/smart-contracts.asp) that operate using DeFi technology, it is precisely what DeFi is being developed to achieve.

**dApps**: _Decentralized Applications_ are like any digital app you might find on a smartphone or laptop, with the bonus of employing blockchain technology to prevent users’ data from falling into the hands of the company who is behind the app.  For example, cryptocurrency is decentralized money, and dApps are decentralized applications.

**NFT (Non-fungible Tokens)**: The Christie's auction house sold perhaps the most well-known NFT in 2021 - just a [smattering of images](https://www.christies.com/features/Monumental-collage-by-Beeple-is-first-purely-digital-artwork-NFT-to-come-to-auction-11510-7.aspx) done by a digital artist known as _Beeple_…that brought in nearly $70 million. 

NFTs burst onto the stage in 2021 and they rightfully demand our attention.  In the simplest terms, Non-fungible tokens are pieces of digital content that are linked to the blockchain, the same technologies that power cryptocurrencies like [Bitcoin](/coins/btc) and [Ethereum](/coins/eth).  NFTs are entirely unique and not interchangeable, which means that no two NFTs are alike.

This list is by no means exhaustive, but as Bitcoin and cryptocurrencies continue being adopted by mainstream society, the above terms will grow increasingly more important as more traditional investors dip their toes into the cryptocurrency market.

Core Crypto-Terms Investors Need to Know in 2022

If 2020 was a breakthrough year for decentralised finance (DeFi), 2021 established DeFi as the hottest sphere in the crypto space. Yes, non-fungible tokens [(NFTs)](/news/category/nft-news/) and metaverse & gaming tokens have a charm of their own but DeFi is the only hero of this story. 

To put it into perspective, at the start of last year, DeFi protocols had a total-value locked (TVL) of $18.71 billion – this grew to an astonishing $250 billion by the end of the year and currently stands at $235.81 billion. The essence of technology is evolution and this year, we will see DeFi take the next step in its unprecedented rise.

Instrumental Finance is DeFi’s solution to a cross-layer, cross-chain future.

## The future of DeFi is in the hands of Instrumental Finance

Incubated by Composable Labs, [Instrumental Finance will correct a fundamental flaw](https://www.instrumental.finance/) in the DeFi industry – siloing due to a lack of interoperability between layer 2 ecosystems and the applications that use them. Yield farmers look for the best opportunities to maximize returns on provided liquidity. 

At the moment, a lack of interoperability between layer 2 protocols translates to several inefficiencies, including high costs and complexities. A cross-layer, cross-chain solution could help liquidity providers (LPs) tap into the potential for yield across different layers and chains. 

## How it works

Instrumental Finance provides a chain- and layer-agnostic solution for LPs that are looking to maximize returns on the liquidity they provide on various layer one and layer two protocols. The protocol streamlines the process of liquidity provision and yield generation. All you have to do is deposit funds into the Instrumental Vault.

Your funds will be deposited into the highest yield-generating pool available, irrespective of the layer or protocol it is on. It is as simple as that. If we dive into more detail, the protocol leverages Composable Finance’s cross-layer asset swapping tool, the Mosaic Bridge. 

The Mosaic Bridge integrates several chains and layer two solutions to provide users the flexibility to freely transfer assets and maximize returns on their liquidity. STRM, Instrumental Finance’s native token, powers the platform. 

## Staking

Currently, you can participate in the staking program. If you stake ETH-STRM LP tokens for a locking period of 3 months, you will receive an annual percentage yield (APY) of 217.53%. Over $1.13 million has been locked already – you are definitely not late!

If you partook in the Instrumental Liquidity Rush Program (ended on Dec. 31), you can lock your STRM rewards to receive veSTRM tokens and revenue share.

Latest Moni

Latest DeFi News

Read the latest DeFi crypto news.