Ethereum News Daily Official TheBitTimes.com

The financial landscape is undergoing a seismic shift. Decentralized finance (DeFi) has emerged as a disruptive force, offering a glimpse into a future of peer-to-peer financial services. Traditional finance (TradFi), on the other hand, represents a well-established system with a global footprint. While these two worlds may seem inherently opposed, there’s a growing movement to bridge the gap between DeFi and TradFi. This convergence holds immense potential to create a more inclusive, efficient, and innovative financial ecosystem. Why Bridging the Gap Matters Despite their differences, both DeFi and TradFi share a common goal – to facilitate financial transactions. However, significant gaps exist, hindering a seamless flow of capital and innovation. Accessibility: DeFi offers an open and permissionless environment, but its complexity can be intimidating for new users. TradFi, with its established infrastructure, boasts greater accessibility, but access to some services may be lim...

NinjaGameGuild Partnership with Joystick Labs, both parties are aiming to build a gaming environment that’s immersive, enriching, and downright awesome for everyone involved. What is Joystick Labs? Joysticklabs is a team of game enthusiasts focused on creating an ecosystem for web3 games. Joysticklabs aims at bringing the web3 and metaverse space to life by creating a platform (called Freetyl) where web3 gamers and content creators can socialize and stream their gameplays/content. As NinjaGameGuild announced their Partnership with Joystick Labs A community driven and one-stop ecosystem for web3 gaming and entertainment To create products that will enhance web3 gaming experiences. Create more expsoure to web3 games, products etc. Website | X   What is Ninja Game Guild? Ninja Game Guild has been providing NFT games and an optimal gaming environment to its community members, especially in Africa, powered by GUILD Corporation.   About GUILD Corporation GUILD Corporation oper...

Term Finance , a DeFi system that enables fixed-term loans via on-chain auctions, is pleased to announce the integration of Chainlink Price Feeds on Ethereum mainnet. Term now has access to high-quality, tamper-proof price feeds essential to help borrowers monitor collateral values by integrating the industry-leading decentralised oracle network. This will give lenders more assurances of borrower solvency while also providing borrowers with the price information they need to better manage the condition of their collateral. The initial integration will use the following Chainlink Price Feeds: wstETH/ETH, ETH/USD, wBTC/BTC, BTC/USD, USDC/USD, USDT/USD, DAI/USD. They chose Chainlink as the protocol’s go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst un...

MantisSwap has collaborated with API3 and is now utilizing API3 data feeds on Polygon zkEVM. MantisSwap is a DEX that focuses in trading stable assets, allowing traders to maximize capital efficiency and minimize slippage. MantisSwap is strengthening their protection strategy for stablecoin depegging by utilizing API3 data feeds. Operating on Polygon PoS since March 2023, MantisSwap seamlessly integrated with Polygon zkEVM, given the compatibility of the “push” data feeds both networks use. The “push” design of API3’s data feeds maintains a constantly updated price on-chain, allowing dApps to easily read them without needing to change battle tested code. Following the early March 2023 US banking failures, USDC momentarily lost its peg to USD (to which API3 responded with this suggestion). This occurrence emphasized the risks to asset holders and the broader market of de-pegging, which can result in surprise liquidations in borrowing and lending markets. MantisSwap has a multitude of...

inPersona , a Web3 Metaverse platform with novel HealthFi and SocialFi rewards, has integrated Alchemy Pay’s on & off ramp solutions on its platform. This integration means users can pay with their preferred fiat payment methods directly to the platform to seamlessly buy crypto, or sell their crypto in exchange for fiat. Alchemy Pay’s NFT Checkout has also been added to inPersona, bringing more direct methods of purchase for NFTs. In addition, Vyvo Smart Chain, in which inPersona is deployed, will also be supported by Alchemy Pay. The NFT Checkout enables inPersona’s users to pay with their Visa and Mastercards, but users can also choose to use local mobile wallets and domestic transfers to purchase NFTs. This function covers the cost of gas fees and purchases, without requiring the user to purchase crypto — making NFTs easy to purchase directly using traditional fiat payment methods. inPersona is a Web3 dApp on Vyvo Smart Chain built to incentivize healthy lifestyles through wear...