Author: chainwire

Berlin, Germany, September 25th, 2023, Chainwire

Hydranet, known for its expertise in off-chain trading, just released the Hydranet DEX, a Layer 3 trading platform that integrates multiple off-chain protocols to enable trustless, cost-effective and near-instant cross-chain trading. The Hydranet DEX made its official debut as a mainnet beta on September 23, 2023, following more than a year of dedicated development. The release signifies a major milestone in the project’s history, whose future promises even more groundbreaking developments.

I am really proud of us. We have evolved from a small project to a currently #700 mature DeFi project with a great 2023/24 roadmap ahead. – Joe Park, project manager of Hydranet

Hydranet presents their DEX as a Layer 3 trading platform that connects the Bitcoin and Ethereum ecosystems (including all off-chain compatible Ethereum Virtual Machine (EVM) networks), allowing users to trade seamlessly between them. By their use of off-chain protocols, such as the Lightning and Connext Vector technologies, crafted into a single solution that allows these protocols to interact, Hydranet has made it possible to trade between fundamentally different blockchains with virtually no fees, near-instantly, and, most importantly, in a trustless manner, as users will always retain full control of their funds.

Off-chain protocols play a pivotal role in this solution and refer to a set of rules, specifications, and frameworks that define the standards and procedures for conducting transactions outside the blockchain using what is commonly known as state channels. Unlike on-chain transactions, which necessitate miners’ confirmations, off-chain transactions are distinguished by their instant transaction times, minimal-to-no transaction fees, high level of privacy and trustless operations. These attributes make off-chain transactions particularly useful for microtransactions, frequent interactions, and scenarios where real-time responsiveness is crucial.

Recognizing the benefits of off-chain protocols, Hydranet has undoubtedly taken advantage of them in creating a solution that will meet the long-standing demand for a cost-effective trading platform capable of bridging fundamentally different blockchains without compromising security, integrity, and scalability. This trading platform is now available as a downloadable desktop client from Hydranet’s official website.

The platform comprises a self-custodial wallet, a state channel management interface, and an order book for trading on its Layer 3 exchange. Trades on the exchange are secured using Hashed TimeLock Contracts (HTLC) which guarantees that they are completed in accordance with what is agreed upon, or not completed at all if either one of the trading parties attempts to manipulate the trade. Below is a video showcasing a mainnet Bitcoin to Ethereum trade using the latest version of the Hydranet DEX.

The Hydranet DEX is currently hosting a set of four trading pairs to start off with:

• aETH – BTC
• BTC – aUSDT
• HDN – aUSDT
• ETH – BTC

These trading pairs effectively bridge the Bitcoin, Ethereum and Arbitrum (denoted as ‘a’) blockchains and highlight the capabilities of the trading platform. Adding support for other trading pairs and networks is said to be as easy as adding a few lines of code.

With all the excitement surrounding this new type of trading platform and how it will develop in the future, Hydranet emphasizes that this is only the beginning of the Hydranet DEX cross-chain future and more news is coming.

Users can learn more about Hydranet and the Hydranet DEX at Hydranet’s official website. 

Users can Join Hydranet’s Discord and Twitter to stay updated on their announcements.

About Hydranet

Hydranet is a Decentralized Autonomous Organization building the world’s first Layer 3 off-chain decentralized exchange. With a commitment to trustlessness, efficiency, and scalability, their vision extends beyond the confines of traditional on-chain exchanges. Hydranet is active on Discord, Twitter, Telegram, Facebook, Medium, YouTube and Instagram.

Contact

Nico McFinity
Hydranet
contact@hydranet.ai

Zug, Switzerland, September 21st, 2023, Chainwire

The partnership entails an enterprise node deployment service offered by Chainbase

The Open Network (TON) Foundation has partnered with Chainbase and Tencent Cloud to simplify blockchain development as the Foundation ushers in the next era of Web3 mass adoption across the Asia-Pacific region. 

As one of the world’s leading cloud providers, Tencent Cloud offers reliable computing resources and optimized network connectivity through its global cloud infrastructure. Tencent Cloud has already successfully supported TON validators and plans to expand its services further to help meet TON’s high compute intensity and network bandwidth needs. Tencent Cloud and TON Foundation are devoted to supporting web applications and bots built within Telegram. For example, Telegram games built on TON can benefit from Tencent Cloud’s enriched gaming solution and reference cases. For all projects built on TON, Tencent Cloud will offer, subject to approval, a dedicated amount of cloud credits and product discounts, made available through the Tencent Cloud Startup Program.

TON Foundation offers an enterprise-ready blockchain system built for large-scale Web3 applications featuring near-instant transaction speeds, highly reliable connectivity, low latency, and low fees. TON Foundation’s support for the launch of Wallet in Telegram, an integral piece of the Web3 ecosystem infrastructure, is a clear demonstration of this. Today, TON is well suited to cultivate growth in emerging markets like the Asia-Pacific region, as developers are able to leverage the tools provided by Tencent Cloud and TON to acquire and onboard users, ensuring a familiar, intuitive, and natural user experience.

Leveraging their extensive experience in data indexing and querying, Chainbase will offer the first data indexing product on TON. This will allow for the free utilization, querying, and analysis of all TON data per developers’ unique use cases. Chainbase’s enterprise node deployment service will deliver low-latency and highly reliable blockchain connectivity for Web3 projects and developers on TON, empowering them to achieve more with less effort.

“We share the goal of making these services available soon via Tencent Cloud,” said Chris, COO of Chainbase. “Soon, we’ll be providing a readily accessible gateway to TON for millions of developers and end users. Through this strategic partnership, Chainbase aims to facilitate frictionless adoption across the thriving APAC blockchain landscape.”

“Our collaboration with Tencent Cloud is the latest milestone in our journey to accelerate the global adoption of blockchain technology. By joining forces, we can leverage our combined expertise to drive the development of technological solutions built on-chain,” said Justin Hyun, Head of Growth at TON Foundation. “We are committed to working closely together with Chainbase and Tencent Cloud to provide developers with the tools that they need to deliver transformative TON-based solutions to industries and users worldwide.”

This partnership aims to simplify blockchain development and elevate user experiences across various industries. Projects interested in learning more about integrations through Chainbase and Tencent Cloud may contact TON Foundation directly via Telegram.

About TON Foundation:

The Open Network Foundation (TON Foundation) is a non-profit organization founded in Switzerland in 2023. TON Foundation is 100% funded by the community, acting in the community’s interests, and supports initiatives aligned with The Open Network’s mission. Learn more at https://ton.foundation.

About The Open Network (TON):

The Open Network (TON) is putting crypto in every pocket. By building a Web3 ecosystem in Telegram Messenger, TON is giving billions the opportunity to own their digital identity, data, and assets. See more at https://ton.org/.

About Chainbase

Chainbase is an all-in-one data infrastructure for Web3 that allows you to index, transform, and use on-chain data at scale through diverse tools we provide, such as pre-defined APIs, SQL studio, data syncing, subgraph hosting, and more. With an OPEN, FAST, RELIABLE platform, and a suite of seamless developer tools, Chainbase’s ultimate goal is to increase data freedom in the crypto and unleash better data utilization and full data ownership. More than 5,000 developers actively utilize our platform as their data backend and integrate our service into their main workflow. Additionally, we are working with ~10 top-tier public chains as first-tier validators and managing over US $500Mn tokens as a validator node provider. Find out more at: chainbase.com

About Tencent Cloud

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. As for Web3, Tencent Cloud is committed to helping builders accelerate the adoption of decentralized technology, with our connections with global Web3 ecosystem players, and our simple, secure tools and cloud infrastructure.

Find out more at: https://www.tencentcloud.com/solutions/web3

Contact

TON Foundation
ton@theagencypartnership.com

London, United Kingdom, September 20th, 2023, Chainwire

Metacade, the world’s first community-led gaming platform, has confirmed it will list its token, MCADE, on Bitget on the 20th of September – a strategic move welcomed by investors as it accompanies a number of recent announcements about new collaborations and product updates.

Bitget is a popular global exchange with over 20 million users and, at the time of writing, a 24 hour spot trading volume of over $420M. This ranks it amongst the top 15 exchanges by trading volume on CMC. The move opens up MCADE to a substantial pool of new investors and traders across the world.

To complement the listing and in the spirit of fun, Bitget recently shared a gleam giveaway on their Twitter page, confirming rumors of the listing and offering investors the opportunity to win $58,900 MCADE tokens. 

Metacade’s CEO Russell Bennett, expressed that: 

“Metacade’s momentum continues to increase and I am confident that we’re perfectly positioned for a strong Q4. Things are moving quickly and this listing accompanies a series of announcements we’ll be releasing that reflect the progress we’ve made against delivering on our project roadmap. The listing on Bitget stands to benefit our substantial community of token holders as the MCADE token will get huge new exposure to potential investors from Bitget’s user base”. 

Metacade is also available to trade on Uniswap, Bitmart and Coinstore.

Building and Developing Partnerships for Long Term Growth

After a highly successful presale earlier this year that concluded with a final fundraising total of $16.4 million in April, Metacade has been consistently strengthening its value proposition through a series of fresh collaborations. These include partnerships with gaming studios and the exploration of novel approaches to cross-chain strategy and gaming adoption by integrating with new blockchain technologies.

The project’s mainnet launch is scheduled for the end of October, when the first pay-to-play games will go live in partnership with Metastudio, who has been working with Metacade since earlier this year when they launched their Rune Realms game and NFT collection. Moving to mainnet will see the brand’s games hosted on the revamped Metacade platform, unlocking significant potential for collaboration on new blockchains.

Moreover, Metacade’s ambitious initiatives will receive substantial support through their collaboration with Phenoms agency. Phenoms specializes in collaborating with micro-influencers, which will facilitate widespread adoption of the games featured on the platform. This partnership will also play a pivotal role in assisting the Metacade team in onboarding new gamers and executing large-scale project launches.

About Metacade

Metacade aims to supercharge, reward, and connect developers and players, providing an unfair advantage through plug-and-play community initiatives and testing, early access, dev-player collaboration, financial rewards, gigs, accolades, and a thriving ecosystem, all in a seamless, enjoyable platform.

It aims to become the premier gaming platform that empowers developers and players, providing unparalleled opportunities for growth and collaboration. 

For more information: Website | Whitepaper | Socials

Contact

CEO
Russell Bennett
Metacade
pr@metacade.co

Singapore, Singapore, September 20th, 2023, Chainwire

Registration is now open for global hackathon with $200,000 in prizes across five tracks

The Algorand Foundation, the organization focused on growing the ecosystem for the world’s most advanced, secure and reliable layer-1 blockchain, announces the opening of registration for Build-A-Bull, a global virtual hackathon with $200,000 (USD) in prizes. The hackathon, powered by Algorand Ventures and in collaboration with AWS, will run from October 18 through November 15, 2023. Registration is free and open to anyone. 

Build-A-Bull is a hackathon to create consumer-friendly applications using the power and scalability of the Algorand blockchain. Spanning four weeks, the hackathon offers an opportunity for committed developers and entrepreneurs to conceive a business concept, accelerate it though the development phase, and to ultimately present a final product to a panel of expert judges. Throughout the process, participants will receive matchmaking, tooling, support, and mentorship to help bring their ideas to life. 

“With Build-A-Bull, we expect to attract a new wave of promising builders to come into the Algorand ecosystem,” says Ryan Terribilini, EVP of Algorand Ventures. “We are looking for high-potential, investible startups and founders to bring innovative projects to the Algorand blockchain, and we are confident that the resources and exposure of participating in Build-A-Bull will catalyze this next generation of Algorand builders.” 

The hackathon includes five tracks:

• Defi, presented by Circle
• Gaming, presented by Unity
• Consumer, presented by Amazon Web Services (AWS)
• Interoperability, presented by Wormhole
• Impact, presented by Algorand Foundation 

The winner of each track will receive $25,000 and will be invited to pitch to investors on a ‘demo day,’ with a public on-chain vote determining an additional $10,000 Grand Prize, as well as $25,000 in AWS credits. The second and third-place winner of each track will receive $10,000 and $5,000 respectively. A bonus University Prize of $5,000 will be awarded by the judges. 

The judging panel is comprised of industry leaders and investors including QCP Capital, DWF Ventures, and Blockchain Capital. 

Projects will be evaluated by the following criteria: the skillset and strength of the team, the design and interface of the project, the quality of the pitch, and the viability of market adoption.

For more information, and to register, please visit: algorand.foundation/build-a-bull-hackathon. 

About Algorand Foundation 

The Algorand Foundation is dedicated to helping fulfill the global promise of the Algorand blockchain by taking responsibility for its sound monetary supply economics, decentralized governance, and healthy and prosperous open-source ecosystem. Designed by MIT professor and Turing Award-winning cryptographer Silvio Micali, Algorand achieves transaction throughputs at the speed of traditional finance, but with immediate finality, near zero transaction costs, and on a 24/7 basis. For more information, please visit https://algorand.foundation.  

Contact

Eric D
Algorand Foundation
eric.d@algorand.foundation

Hong Kong, Hong Kong, September 20th, 2023, Chainwire

OKX, a leading crypto exchange and Web3 technology company, today announced that it has successfully completed the Service Organization Control (SOC) 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet the highest global standards.

The internationally recognized SOC 2 Type II report, a framework developed by the American Institute of Certified Public Accountants, is one of the most comprehensive audits in the market. The report, completed by an independent external auditor, reviews a company’s policies, procedures and controls over an extended period of time.

Achieving SOC 2 Type II certification is a testament to OKX’s unwavering efforts in ensuring the highest possible standards of safety, security and compliance. It also mirrors OKX’s core operating philosophy and commitment to security, transparency and trust.

This certification underscores the protocols and safety measures OKX has implemented to ensure a premium experience on its industry-leading platform. Moreover, these measures affirm that OKX’s infrastructure specifications, service availability and robustness adhere to stringent criteria, solidifying its position as one of the world’s most secure platforms.

OKX President Hong Fang said: “Completing the SOC 2 Type II audit is an important achievement for OKX, because of the reassurance it provides to all our users, and the diligence and time commitment required in the pursuit of this certification. It demonstrates that OKX is operating at standards comparable to tech giants and traditional finance services firms, as well as our commitment to implementing such standards and practices throughout OKX’s global operations. OKX’s goal is to build the world’s most secure and reliable Web3 ecosystem, and this latest milestone is another crucial step towards our vision.”

About OKX

OKX is a leading global crypto exchange and Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Contact

Media
media@okx.com

New York, NY, September 19th, 2023, Chainwire

Dexalot, the decentralized exchange (DEX) operating on an Avalanche Subnet, has launched two major new features. SimpleSwap and SimpleView work in harmony, helping traders benefit from AMM-style swaps and greater portfolio visibility respectively.

As a central limit order book (CLOB) exchange, Dexalot incorporates more sophisticated features than a conventional DEX. To ensure users enjoy an optimal experience, combining the simplicity of a DEX with the advanced trading tools of a CEX, Dexalot has released SimpleSwap and SimpleView.

Scheduled to go live on September 19, SimpleSwap allows users to benefit from the tight spreads and excellent pricing of a CLOB, but with the look and feel of the AMM atomic swaps that are ubiquitous in DeFi. As a result, Dexalot traders will be able to swap between tokens quickly and easily via a clean, uncluttered interface. This feature will complement the existing order book format.

When executing trades using SimpleSwap, users will be able to trade directly on the Dexalot platform or via third-party aggregators. Thanks to integration with multiple aggregators, Dexalot is making SimpleSwap available to users wherever they prefer to trade. This will enable them to tap into the superior pricing that is synonymous with Dexalot including unrivaled onchain pricing for assets such as WETH.e and BTC.b.

To further support its efforts to enhance user experience, Dexalot is releasing SimpleView. This quick-look account abstraction feature helps users check the status of their portfolio at a glance. Because traders typically have assets in various markets when using a CLOB exchange, it can be hard to keep track of tokens. SimpleView solves this problem, making it easy for traders to determine their portfolio value and composition.

“Simple Swap has the potential to become the perfect conduit for the most capital-efficient liquidity to get to traders. CLOB style trading is the only way to trade in TradFi because of its capital efficiency and this wasn’t possible in Web3 until Dexalot. With Simple Swap, we now have the perfect atomic transaction capability without compromising on the quality of liquidity like AMMs and AMM variants do.” said Berk Ozdogan, Head of Strategy at Dexalot. 

Matthew Schmenk, BD at Ava Labs adds “Dexalot’s central limit order book architecture makes for some of the best swap pricing in all of blockchain and with SimpleSwap, Dexalot should win a lot of swap routes and volumes.”

Since launching on its own Avalanche Subnet, Dexalot has processed over 17 million transactions with daily trading volume of up to $5M. Its team includes financial veterans with a background on Wall Street, whose experience has been brought to bear in developing Dexalot as the most advanced decentralized exchange of its kind. Additionally, Dexalot was just awarded up to $3m in incentives for users from Avalanche’s Multiverse Fund. 

About Dexalot

Dexalot is a decentralized exchange that brings the traditional centralized exchange look and feel to a decentralized on-chain application. The Avalanche-powered Central Limit Order Book DEX represents an accessible and transparent environment where Dexalot users can trade crypto securely and efficiently, with no slippage or custody risk.

Learn more: https://dexalot.com/

Contact

Dan Edelstein
pr@marketacross.com

New York, USA, September 14th, 2023, Chainwire

The collaboration aims to enhance cross-chain interoperability and support the expansion of wstETH and other assets in the Cosmos ecosystem

Neutron, the most secure cross-chain smart-contracting platform for DeFi, and Axelar, the full-stack interoperability layer for Web3, have been selected by Lido, the leading liquid staking provider, as the preferred technology bridging partners to launch Lido’s wrapped liquid staked ETH (wstETH) on Cosmos. 

With 30+ projects already looking to integrate, Neutron and Axelar have each committed 1% of their respective network genesis supply in token incentives to build liquidity for wstETH through DeFi applications within the Inter-Blockchain Communication Protocol (IBC) ecosystem and future expansion to other L1 ecosystems.

“We are excited to be part of the effort to bring one of the biggest liquid staking tokens, Lido’s staked ETH to the Cosmos ecosystem. It is a reflection of the value of cross-chain support and our commitment to bringing liquidity and users to the Cosmos ecosystem. The collaboration between Neutron, Axelar, and the Lido DAO is a great example of how blockchain projects can come together to foster innovation and seamless interoperability,” said Avril Dutheil, Core Contributor to Neutron.

Lido Finance is the leading provider of liquid staking solutions and their liquid staking token, staked ETH, currently has a $13.8B market cap. Lido staked ETH is available in two flavors: a rebasing token, stETH, and a wrapped, auto-compounding token, wstETH, which will be used to bridge to Cosmos. The journey of this new token begins with its bridging from the Ethereum ecosystem through Axelar to Neutron, making it available to the entire IBC ecosystem of chains including Cosmos, Cronos, Sommelier and major DeFi protocols such as Osmosis and dYdX.  

“Axelar is proud to lead the launch of wstETH into the Cosmos ecosystem. The cross-chain expansion of the largest liquid staking token will be secured by AXL and enhanced by full-stack interoperability,” said Sergey Gorbunov, co-founder of Axelar. “Through Squid’s cross-chain liquidity router we can optimize asset bridging, significantly speeding secure deposits, presenting a different experience from the lengthy delays required for current bridged deployments.”

This initial bridging is just the start of the journey for wstETH on Cosmos. Once wstETH has been deployed on Cosmos and a cross-chain governance implementation has been developed, Axelar and Neutron will hand over ownership, administration, and management of the bridge to Lido DAO.

If accepted by governance, the Lido DAO will be able to upgrade the bridge contracts on the Neutron network, for example, to switch or add bridge providers to the solution, providing greater control to the Lido DAO to upgrade the bridge to further security and reflect its long-term vision for stAsset bridging.

About Axelar:

Axelar is the full-stack interoperability layer for Web3. The network enables blockchain as a new kind of development platform, integrating diverse networks into a seamless “Internet of blockchains.” Axelar is programmable and decentralized, secured by a proof-of-stake token, AXL. Application users access any digital asset or application, with one click. Developers work with a simple API and access an ecosystem of tools and service providers.  

More about Axelar: axelar.network 

About Neutron

Neutron is the most secure cross-chain smart-contracting platform. It combines the security of the Cosmos Hub, a top 10 blockchain by staked capitalization with bleeding-edge cross-chain infrastructure to enable DeFi applications to securely scale across a growing network of 51+ interconnected blockchains.

More about Neutron: Neutron.org

About Lido

Lido is a multi-chain staking solution, that provides a simple and secure way to earn interest on your digital assets. With a mission to democratise staking, Lido lets users stake their digital assets without the need to lock them or maintain hardware. Lido empowers users to put their staked assets to use, offering rich integration with decentralized applications across multiple blockchain ecosystems, including Ethereum, Solana, Kusama, Polkadot and Polygon. 

More about Lido: Lido.fi

Contact

Vilhelem
Karla
Market Waves
karla@marketwaves.co

SINGAPORE, SINGAPORE, September 14th, 2023, Chainwire

McLaren Racing and OKX, a leading Web3 technology company and Official Primary Partner of the McLaren Formula 1 Team, today revealed a limited-edition Stealth Mode livery design to be carried on the McLaren MCL60 F1 cars at the 2023 Singapore Grand Prix (15-17 September) and the 2023 Japanese Grand Prix (22-24 September).

The Stealth Mode livery was co-designed by OKX and McLaren, and will switch McLaren’s livery colourway, augmenting black against the team’s classic papaya trim. The sleek and understated design represents the two brands’ belief in putting in hard work behind the scenes to strive for excellence, while embracing change and innovation.

The MCL60 was revealed in Stealth Mode on Wednesday 13 September at an exclusive media event in Singapore at Lantern, Fullerton Bay Hotel. The event was attended by OKX Chief Marketing Officer Haider Rafique, McLaren F1 Team drivers Lando Norris and Oscar Piastri, and McLaren Racing Executive Director, Partnerships & Accelerator, Matt Dennington.

A limited-edition t-shirt will be made available through the McLaren Store, and at a limited giveaway for attendees of Token2049, the Web3 conference taking place in Singapore prior to the race.

To bring fans closer to Stealth Mode, OKX will host a McLaren-themed fan zone, OKX Race Club, at Chijmes, Singapore. The OKX Race Club will run from Thursday 14 September to Sunday 17 September, featuring a Stealth Mode show car, racing simulators, giveaways and surprise guests over the race weekend. This will be officially opened at 14:00 SGT on Thursday 14 September, and free tickets are available here.

Zak Brown, CEO, McLaren Racing, said: “Our partnership with OKX goes from strength to strength, and it’s fantastic to celebrate it with this incredible livery. Stealth Mode flips our race car’s colours, bringing something exciting and different to these two great races in Singapore and Japan. We hope fans will love it as much as we do and get a chance to enjoy the fan zone to connect with our team. OKX are a dedicated supporter of McLaren’s journey, and in turn we’re proud to bring our partnership to life on track through the global platform of Formula 1.”

Haider Rafique, Chief Marketing Officer, OKX, said: “Success on the track, and in the Web3 world, is only possible through teamwork, creativity and innovation. Stealth Mode is inspired by these common principles. It’s also a way for us to celebrate the return of F1 to the Asia Pacific region, which is the epicentre of Web3 in many ways. As Stealth Mode hits the track this weekend we wish the best of luck to Lando and Oscar in what we hope will be a strong performing MCL60.”

For further information, please contact:

• Steve Atkins, Chief Communications Officer, McLaren Racing

Steve.atkins@mclaren.com / +44 (0) 7590 771 849

• Saskia Wirth, Director, Corporate Communications, McLaren Racing

saskia.wirth@mclaren.com / +44 (0) 7442 934 149

• Curtis Nice, Communications Manager, McLaren Racing

curtis.nice@mclaren.com / +44 (0) 7765 742 300

• Fran Campbell, Communications Executive, McLaren Racing

fran.campbell@mclaren.com / +44 (0) 7442 692 253

About McLaren Racing

McLaren Racing was founded by racing driver Bruce McLaren 60 years ago in 1963. The team entered its first Formula 1 race in 1966. McLaren has since won 20 Formula 1 world championships, 183 Formula 1 grands prix, the Indianapolis 500 three times, and the Le Mans 24 Hours at its first attempt.

McLaren Racing competes across five racing series. In 2023, the team will compete in the FIA Formula 1 World Championship with McLaren F1 drivers Lando Norris and Oscar Piastri, the NTT INDYCAR SERIES with Arrow McLaren drivers Pato O’Ward, Felix Rosenqvist and Alexander Rossi, the ABB FIA Formula E World Championship with NEOM McLaren Formula E Team drivers René Rast and Jake Hughes, and the Extreme E Championship with NEOM McLaren Extreme E Team drivers Emma Gilmour and Tanner Foust. The team also competes in the F1 Esports Pro Championship as McLaren Shadow, having won the 2022 Constructors’ and Drivers’ Championships.

McLaren is a champion for sustainability in the sport and a signatory to the UN Sports for Climate Action Commitment. It is committed to achieving net zero by 2040 and fostering a diverse and inclusive culture in the motorsport industry.

McLaren Racing – Official Website

About OKX

OKX is a leading Web3 ecosystem.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into Web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances.

Contact

OKX
media@okx.com

Road Town, British Virgin Islands, September 13th, 2023, Chainwire

Premia Blue, the first-of-its-kind DeFi options exchange, is now live on Arbitrum.

Designed for traders and liquidity providers across all experience levels, Premia Blue offers unparalleled capital efficiency, user functionality, and composability in the DeFi space. Traders are now open to fully customizable European-style crypto options with market-driven pricing and dual trading modes—AMM and Orderbook. The only options platform in DeFi where products are composable no matter the preferred trading method.

Premia Blue opens the world to traders and liquidity providers of any knowledge, skill, or experience level thanks to its unique features, smooth UX, and easy onboarding. Liquidity providers can open pools on any ERC-20 token permissionlessly, while fully customizing their risk profile. Premia Blue’s unique Smart Range Orders and Concentrated Liquidity, allow liquidity providers to maximize their capital, while one-click Strategy Vaults offer potential passive yields.

Whether one is a trader, market-maker, or liquidity provider, Premia Blue’s robust feature set, including the upcoming margin, spreads, and lending products, empowers them to optimize their strategies and earn potential yield seamlessly.

As part of Premia Blue’s special promotion, for a limited period, users can receive 50% of protocol commissions back on referrals during the initial month.

The Hybrid nature of Premia Blue is the best of both worlds. To compete with the big boys we knew we needed to match costs at the granular level, while offering novel primitives and transparency that the big boys cannot match. Centralized Fees, Decentralized Attitudes. – DK, Vibe Broker at Premia

Setting a New Standard in Options Protocols

Previous iterations of DeFi options protocols (including Premia V2) have followed a vault-style design.

In protocols such as these, users can provide liquidity or buy options. However, LPs have to assume risk across all strikes and expiration dates, while traders have to combat low or fragmented liquidity and inefficient pricing models.

In contrast, Premia Blue is the first crypto options exchange to merge an order book, algorithmic strategies, and an AMM, composable and fully onchain. The onchain order book is available at no cost to users published on Arbitrum Nova, so users can ensure their orders are not being censored, or front ran.

While keeping the best of the pool-to-peer protocol design with Strategy Vaults, Blue also introduces multiple new sources for liquidity: an RFQ-network, Concentrated Liquidity Pools, and the ability to expand passive management strategies via Vaults.

These sources are combined in a deCentral limit-order book fashion. As a bonus, pricing converges to become fully market-driven, and traders receive competing price quotes from multiple inventory sources.

Introducing Premia Blue’s Exclusive Referral Initiative

Premia Blue invites users to embark on their DeFi journey and benefit from an exclusive offer: 50% of protocol commissions returned on referrals for the initial month. Catering to everyone from individual advocates to platform developers, this initiative is meticulously crafted to ensure rewarding experiences. Users are encouraged to register on their profile page or explore the detailed offers to discover more.

About Premia Blue

Premia Blue, previously known as Premia Finance, represents more than just a DeFi options platform. It embodies a shift towards a democratized financial landscape. Anchored in the principles of Public Redux of Economic Market and Investment Access, the platform’s mission is to provide universal access to investment opportunities and foster economic empowerment.

Premia Blue’s platform offers a comprehensive suite of services through the Premia Blue dApp and educational resources via Premia Academy. Whether one is a trader, a liquidity provider, or new to the space.

Initially launching exclusively on Arbitrum, Premia Blue has ambitious plans for omni-chain functionality. Users are welcome to be a part of Premia Blue’s journey in reshaping the financial horizon.

For more information visit:

Website | Premia Blue | v2 dApp | Docs | Twitter | Discord | Blog | YouTube | GitHub |

Please note that Premia does not provide investment advice, and nothing herein should be construed as such. Anyone considering trading or holding derivatives or crypto assets should be aware that the risk of loss can be very high, and it is upon each individual to seek advice from an appropriate professional advisor.

Contact

Marketing
Kseniia Baziian
Premia
contact@premia.blue