Started by PocketOption, Oct 19, 2022, 01:05 pm
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LP Finance is a new promising project. Its team created a synthetic asset issuance protocol that allows people to lock collateral as well as mint synthetic tokens. The company also developed zSOL. The latter is a Solana-pegged synthetic asset. Thanks to it, users will be able to leverage liquid staking yields and start short-selling.
LP Finance is a decentralized platform, and as such, it has its own native utility token. The team will launch it on October 24, 2022. The sale will end on October 28, 2022. LPFI is a SOLANA token, and it's quite high-ranked on various ICO listing platforms. Its price will be 0.3 USD during the initial coin offering. The company aims to raise 500,000 with the sale. While the total supply of LPFI is 50,000,000, only 14,7% will be available for purchase at this stage.
The team stated that it would accept various collaterals for zSOL, including SOL (Solana), mSOL (Marinade Staked SOL), SAMO (Samoyed Coin), stSOL (Lido Staked SOL), and UXD (UXD Stablecoin). However, there are other requirements that users must follow. For instance, collaterals should be only Solana natives, and centralized entities shouldn't control them.
Users will be able to mint or borrow zSOL at a 1.5% APY stability fee. But this value might change over time according to the DAO's decision. The company wants to use zSOL for leveraged liquid staking, as well as short-selling. These strategies could bring high selling pressure on zSOL, though. So, the team will use a mechanism to ensure its peg stability.
Token holders will be able to stake multiple LPFI on the LP staking pool. They will earn stability fees in the process. The team proposed some LP pairs for staking, such as zSOL - mSOL, zSOL - UXD, and zSOL - stSOL. However, investors can use various protocols to mint LP tokens. For example, they can stake zSOL – mSOL from both Lifinity and Raydium platforms.
Moreover, according to the team, incentivizing liquidity providers is the most straightforward way to enhance peg stability, as well as the scalability of zSOL. Still, every move has its drawbacks. In this case, incentivizing via liquidity mining could cause future scalability issues as it might potentially result in huge inflation on the governance token. But the company will take measures to prevent that.
LP Finance will also enable customers to mint lpMNDE. The latter will give token holders higher voting power. The mechanism is similar to how Convex Finance is advancing veCRV. However, there are limits because veMNDE uses different mechanisms.
Still, users will find this system easy to navigate. They can start with depositing MNDE and minting an equal amount of lpMNDE. This process is irreversible; thus, they should consider the minting amount carefully. After that, users can stake lpMNDE, as well as earn LPFi emissions. Token holders will be able to swap lpMNDE to MNDE, but they need to use a liquidity pool for that.
5ire is a blockchain network that aims to bring innovation, sustainability, and advanced technology to customers. The team has big ambitions, planning to take part in the 5th industrial revolution (5IR). It has built its fifth-generation blockchain ecosystem from the ground. 5ire includes various interesting features, such as 5ireChain, one of the first sustainable blockchains worldwide; 5ire Labs, the company's research and development hub; and 5ire VC, its venture capital arm.
This platform is based on a scalable decentralized, sustainable open-source blockchain. Moreover, it uses smart contracts and ESG ranking services. 5ire will help to accelerate the United Nations 2030 Agenda - achieving Sustainable Development won't be a farfetched plan. This project aims to find technological solutions for various problems and obstacles.
The 5th industrial revolution will likely empower self-sovereign decentralized organizations. 5ire wants to incentivize users toward accelerating this process. The team will work hard to provide finance platforms that could unlock potential for investors in various projects that address environmental challenges. The company values community, innovation, transparency, accountability, and a shared sense of purpose. That's why it decided to use blockchain. The latter's ability to provide a verifiable and transparent record makes it an ideal solution for 5ire.
This company has the potential to empower broader communities, as well as improve the slow, costly intermediation associated with environmental governance's current models. Besides, the 5ire platform is secure, fast, and cheap.
The team launched the platform's native utility token, 5IRE, on December 15. This token is ERC20, and it's trading for 0.2 USD per 5IRE during the initial coin offering. The company aims to raise $1,317,000 with the sale. The total supply of tokens is 1,500,000,000, but only 19,6% is available for purchase at this stage.
The Gameta team is creating a platform that will allow users to play various casual games under one roof. This project is based on web3 and offers all of its advantages. The company aims to help billions of Web2 users move on to Web3 as the latter offers many advanced features.
Gameta divided the process into three steps: Immigration, Settling down, and Building. Players will have optional private key escrow, and the platform will create on-chain addresses automatically upon users' registration.
Web3 is a complex system, and users will need time to learn about its advantages. They will have to complete a series of web3 actions to become a real web3 user. However, afterward, they will be able to explore the Gameta platform fully.
The project also has its own native utility token, HIP, which will give its holders additional advantages. This ERC20 token is quite trending now. But the ICO sale isn't live yet. The team plans to launch it soon, though. It hopes to raise 20,000,000 by exchanging its coins. The total supply of HIPs is 1,000,000,000, but only 20% will be available for purchase.
Gameta will give its customers access to useful DeFi protocols, such as lending, swapping, and so on. It will also aid players in utilizing their crypto assets. Besides, the platform's P2Es model will incentivize gamers to participate in more Web3 activities.
The post LPFI, 5IRE, and HIP tokens are trending. Why's that? appeared first on FinanceBrokerage.
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