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ZEC $1,141.76 +2.52%
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AMZN $252.82 -0.65%
GOOGL $346.45 +3.27%
MSFT $501.57 +1.49%
META $661.01 +3.21%
NVDA $211.81 -1.47%
TSLA $358.53 -0.53%
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launch

In the cryptocurrency field, Launch typically refers to the process of launching a token or project, especially during an Initial DEX Offering (IDO) or Initial Exchange Offering (IEO) conducted on decentralized exchanges (DEX). The Launch phase usually includes marketing, community building, and technical preparations to ensure the smooth issuance and trading of the token. This process aims to raise funds for the project and expand the user base, making it a critical part of the blockchain project lifecycle.
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Flash

After the launch of the Robinhood chain ecosystem token STANDARD, its market value reached 40 million USD

The Robinhood chain ecosystem token STANDARD (The Standard Reserve) reached a market value of 40 million USD two hours after its launch, then fell back, currently reported at 28.91 million USD, with a trading volume exceeding 40 million USD. The current circulating supply of the on-chain STANDARD token is 98,323,639.9815 tokens.The project aims to become an on-chain sovereign central bank, attempting to replace traditional central banks or DAO governance with immutable smart contract code (about 4,000 lines) to achieve automatic monetary policy. The protocol automatically adjusts monetary policy through the net flow of ETH in the official trading pool of Uniswap v4: when there is a net inflow of funds, it gradually expands the issuance of STANDARD and uses the income to accumulate reserve assets and the protocol's own liquidity; when there is a net outflow of funds, it reduces the issuance and uses the income to buy back and destroy tokens.The official white paper shows that STANDARD, as the only token in the ecosystem, has a hard cap of 1 billion tokens. At the genesis, only 100 million tokens were pre-mined, and all were locked as the protocol's own liquidity in the ETH--STANDARD pool on Uniswap v4. The remaining 900 million tokens are the issuance budget, and once the cumulative issuance is exhausted, the basic issuance will permanently stop. The trading fee distribution plan is: 70% goes to the reserve/buyback pool, 15% for permanent liquidity, and 15% allocated to the team. The current basic issuance of the protocol starts at 700,000 tokens per day and adjusts the policy multiplier m based on the inflow of ETH (ranging from 0.2 times to 1.25 times, starting at 1 time).

first_img Kraken launched xStocks Vault, allowing users to stake tokenized stocks to earn yields

According to The Defiant, Kraken has launched three xStocks vaults, allowing eligible customers to deposit SPYx, QQQx, and NVDAx into the vaults while earning floating returns while retaining exposure to tokenized stocks or ETFs. The vault initially shows an estimated net APY of 2% for SPYx and QQQx, and 1.8% for NVDAx. Kraken charges a 25% performance fee on vault earnings, and the displayed interest rate has already deducted this fee; rewards will be converted into the same type of xStock and automatically reinvested into the customer's balance.The strategy is designed by Sentora and is responsible for risk management, while Veda provides the vault infrastructure. After customers deposit xStock, Kraken transfers it to an embedded self-custody wallet on Ink, packages it, and deposits it into the Veda vault; Sentora then cross-chain transfers the packaged xStock to Solana and deposits it as collateral in the Kamino lending market. After borrowing stablecoins, it is deployed into selected DeFi strategies, and the returns are ultimately converted back into the deposited xStock. Customers do not need an external wallet or mnemonic phrase but can export the private key; redemption requires a three-day wait for funds to arrive.Kraken's documentation shows that the strategy uses leverage to generate returns by borrowing stablecoins and lists risks such as smart contracts, liquidity, bad debts, liquidation, cross-chain execution, and downstream assets, with losses shared proportionally among vault users. xStock holders do not have voting rights, dividend rights, or legal claims to the underlying stocks. The vault is currently available to the European Economic Area and other supported markets, while users from the United States, United Kingdom, Canada, Australia, the United Arab Emirates, and sanctioned countries cannot use it.

first_img Grayscale launches digital asset model portfolio

According to GlobeNewswire, Grayscale Investments announced the launch of Grayscale Model Portfolios. This series consists of professionally constructed model portfolios that provide recommended allocations for the digital asset ecosystem, each designed around different investment objectives to expand its offerings for advisors in a portfolio format.Laurie Katz, Grayscale's Global Distribution Head, stated that advisors are increasingly looking to incorporate digital assets into client portfolios without having to build and maintain allocations item by item. This product combines portfolio construction expertise with over a decade of digital asset experience, enabling advisors to provide exposure to digital assets through a single familiar framework.Each model incorporates multiple digital asset exchange-traded products into a single strategy, covering asset selection, position sizing, diversified allocations, and rebalancing. Grayscale Advisors, LLC delivers the models to financial platforms for advisors to implement in client accounts, with advisors retaining full discretion. The four initial strategies are all market-cap weighted, rebalanced quarterly, with a maximum single asset weight of 40%, including Digital Assets Core Plus, Digital Assets Leaders, Digital Assets Next Gen, and Digital Assets Infrastructure.Digital Assets Core Plus is based on allocations in Bitcoin and Ethereum, and includes assets such as Solana and Chainlink;
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