Bitcoin News and Finance STASIS and Free TON DeFi Alliance Partners to Boost the Development of Free TON DeFi Ecosystem Skip to main content

STASIS and Free TON DeFi Alliance Partners to Boost the Development of Free TON DeFi Ecosystem

Free TON, a decentralized proof of stake blockchain powered by its community and STASIS, a EU compliant EURS stablecoin project, partnered to make DeFi more functional and affordable for everyone.

The STASIS team will be deploying their protocol to the Free TON ecosystem, so that their stablecoin EURS can be minted natively on Free TON.

This partnership will be implemented in two stages:

  1. Farming: Addition of EURS-WTON pair to native Free TON DEX – TonSwap.io, developed by Broxus, a multi-level turnkey platform for crypto exchanges, e-commerce, trading platforms. Sound TON rewards will be applied to users, providing liquidity to that pool.
  2. EURS deployment on Free TON: porting EURS smart-contract to Free TON, so that users can natively receive EURS on Free TON in exchange of their EUR.

The partnership will allow users both from Free TON and STASIS EURS ecosystems to access highly scalable, stable, and on-chain money with low transaction costs and high TPS.

“I am thrilled to see such astonishing projects as STASIS joining the FreeTON community. Together, we will bring the Free TON DeFi ecosystem to a new height! – says Vladislav Ponomarev, CEO of Broxus.

“We are excited to partner with Free TON, the fastest blockchain, which allows everyone to easily enter the DeFI ecosystem”, – says Gregory Klumov, founder of STASIS.

About Free TON

Free TON is a fast, secure and scalable blockchain, which is capable of handling millions of transactions per second and is on a mission to drive wide adoption of decentralized solutions by millions of users. Unique features of Free TON include infinite sharding paradigm, instant hypercube routing, proof-of-stake mechanics to validate new blocks, ability to configure network parameters by voting, and more.

About STASIS

STASIS is a revolutionary step towards combining the vast potential of the cryptocurrency market with the stability and reliability of traditional currencies. STASIS is backed up by a team of cryptocurrency pioneers, quantitative experts, serial entrepreneurs and financial professionals that provide the synergetic background to stable coin platforms.

About TON Swap

TON Swap operates liquidity pools represented by separate smart contracts. Unlike Ethereum contracts, Free TON contracts are distributed and benefit from the infinite sharding mechanism. As a result, transaction gas fees are several orders lower than average and do not depend on the network workload. Anyone who contributes to those pools with their liquidity are eligible to participate in the yield farming program by the Free TON DeFi Alliance.


This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory