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  • Sui’s Astounding DeFi Growth Continues into 2024 as TVL Breaks the $500M Barrier

    Sui’s Astounding DeFi Growth Continues into 2024 as TVL Breaks the $500M Barrier

    Grand Cayman, Cayman Islands, February 5th, 2024, Chainwire

    After Sui’s TVL surged more than 1500% over the last five months of 2023, its TVL has more than doubled since the start of 2024

    Sui, one of the fastest-growing Layer 1 blockchains, continued its impressive DeFi growth, surpassing $500M in Total Value Locked (TVL) and solidifying itself in the top 10 of DeFi ecosystems. 

    Alongside this torrid ascent of TVL, on-chain activity has exploded as well. Weekly DeFi volume is up 63 percent over the previous period, standing at $745M and placing it in the top 5 most active ecosystems in the past week. Sui’s continued climb demonstrates how its underlying technology is vital in empowering developers to create products that solve real-world challenges and the drive behind top projects expanding into its ecosystem. 

    Over the past couple of weeks, Sui has announced several partnerships and expansions with industry-leading builders. Most recently, Sui announced that Ondo Finance—the third-largest organization in the real-world asset DeFi sector—is bringing its treasury-backed tokens, tokenized securities, and real-world assets into its ecosystem, as the Sui ecosystem is set to get its first native stablecoin. 

    Sui also recently announced that Banxa, a leading payments infrastructure provider for the crypto-compatible economy, will add the SUI token to its platform. Also recently announced, a partnership with Oracle Stork provides builders with faster pricing data, offering real-time pricing data across Sui’s ecosystem of developers, DEXs, and lending protocols building on Sui’s blockchain.

    “The fact that Sui now stands amongst the top ecosystems in crypto is a testament to Sui’s technology being able to attract top-tier developers and leading projects,” said Greg Siourounis, Managing Director of the Sui Foundation. “The recent partnership and expansion announcements, along with the surging metrics, point to Sui having true staying power. Sui is paving the way for widespread adoption and offers endless possibilities for innovation.” 

    Sui’s object-centric model, horizontal scalability, and Move Language position it to host the most scalable solutions that have emerged from the blockchain industry to date. Its rapidly rising TVL results from multiple Sui-based protocols and applications leveraging Sui’s strengths. 

    Sui also saw two ecosystem protocols break $100M TVL for the first time in the network’s history. Navi Protocol now stands at over $114M TVL (up 184% over the last 30 days), while Scallop Lend has surged to over $116M TVL (up 258% over the last 30 days). Cetus ($72M), Aftermath Finance ($58M), and FlowX Finance ($49M) round out the top five projects as measured by TVL.

    Contact

    Sui Foundation
    media@sui.io

  • Nibiru Chain Secures $12 Million to Fuel Developer-Focused L1 Blockchain

    Nibiru Chain Secures $12 Million to Fuel Developer-Focused L1 Blockchain

    Dallas, Texas, February 5th, 2024, Chainwire

    Nibiru Chain, a general-purpose layer 1 blockchain, has successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious phase of growth. Venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital. 

    “Nibiru has taken all of the best in class technology and research developed over the past few cycles and packed them into the best new chain we have ever analyzed. They optimize for developers with a built-in dev toolkit, easy-to-use APIs, language SDKs, and a native oracle. MV Capital could not be more excited to be a partner with Nibiru as we move into the new level of adoption for crypto.” – Tom Dunleavy, CIO and Partner at Master Ventures Capital

    Nibiru’s Community Sale on CoinList sold out its initial allocation of $3M in 9 minutes. An additional $3M extension sold out as well within 11 minutes. By the end, this sale had 842% in pre-funded excess interest, attracting 42,713 registrants and over 5,000 purchasers of the network’s staking and utility token, NIBI.

    Onboarding Next Generation Blockchain Applications

    Nibiru Chain stands out with its innovative tech and emphasis on developer and user-centricity. Key partners expressed their enthusiasm:

    “We look forward to supporting the distinctive Layer 1 model Nibiru has designed, where the core primitives are built alongside the core foundation for maximum interoperability — all while incentivizing developers and users through its smart contract royalty mechanism.” – Brandon Gath, Managing Partner at Kraken Ventures

    It’s the platform of choice for developers who prioritize security and performance. Boasting 40K transactions per second (TPS), 1.4s block times, and robust security, Nibiru Chain’s versatility spans multiple sectors including real-world assets (RWAs), gaming, DeFi, and more. Developers build on Nibiru Chain with confidence, leveraging CosmWasm smart contracts for enhanced security or the familiarity of the EVM.

    Additionally, developers can leverage Nibiru’s “dev gas” royalty mechanism to ensure a sustainable model for long-term growth. At its core, Nibiru Chain is driven to create the optimal environment for developers and users.

    “Nibiru’s integrated super applications, native oracle, and data-indexing significantly reduce the technical selection difficulties for Web3 projects while simultaneously lowering the likelihood of security incidents. This will heighten user and developer confidence and the consequent growth and prosperity of the Nibiru ecosystem. – Allen Su, General Partner at ArkStream Capital

    Looking Ahead – Nibiru Chain’s 2024 Roadmap

    In 2024, Nibiru Chain sets its sights on expanding the ecosystem. Key developments include several initiatives such as a gamified engagement airdrop, integration with major liquidity centers, listing on several top-tier centralized exchanges, implementing parallel optimistic execution, and achieving full EVM-compatibility.

    This year is marked by the anticipated launch of Nibiru Chain’s flagship dApps such as Nibi-Perps, Nibi-Swap, and NUSD. These releases will mark major milestones in Nibiru Chain’s journey towards a user and developer-centric platform.

    About Nibiru Chain

    Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, value accrual.

    For more information visit: Nibiru.fi

    Follow Nibiru Chain on Socials

    Contact

    Media
    Nibiru Chain
    Media@nibiru.org

  • Nexo Partners with INATBA to Advance the Global Blockchain Ecosystem

    Nexo Partners with INATBA to Advance the Global Blockchain Ecosystem

    Nexo Partners with INATBA to Advance the Global Blockchain Ecosystem

    Key takeaways:

    • Nexo has joined a major international coalition called INATBA.
    • This group has over 150 members from big players like IBM to regulators. Being part of INATBA connects Nexo directly to the folks making policies.
    • Through INATBA Nexo can provide expertise to help create balanced rules for crypto.

    Nexo has announced its entry into a coalition that could help shape regulation for blockchain technologies worldwide. By joining the International Association for Trusted Blockchain Applications (INATBA), Nexo gains access to powerful networks and opportunities for leadership in setting standards.

    Founded with support from the European Commission, INATBA brings together major blockchain companies, giving them a seat at the table as policies are made. With over 150 members including firms like IBM and Deutsche Börse, INATBA has become the leading global voice on responsible innovation.

    Nexo is in good company

    Joining such esteemed names shows Nexo is viewed as a serious player with valuable expertise. The company now finds itself alongside giants that helped launch entire industries.

    Being part of INATBA connects Nexo directly to governments and agencies seeking balanced regulations. Where past policies risked stifling new technologies, this partnership helps ensure the right frameworks are built. It gives Nexo a forum to educate while advocating for its clients and the whole digital asset sphere.

    Shaping rules with reason

    As with past revolutions, both opportunity and uncertainty emerge when technologies disrupt entrenched systems. If left unchecked, such changes could undermine consumer protections or enable illegal activities at scale. At the same time, overregulation threatens to suffocate beneficial innovation.

    Through respectful collaboration, INATBA and its members avoid such extremes. Their experience navigating complex issues brings welcome practicality. Where dogma and lobbying often dominate policy debates, this coalition focuses on understanding different viewpoints and consensus-based solutions.

    By contributing its deep domain knowledge, Nexo can help ensure rules balance responsible oversight with permission for prosperity. Just as the internet now uplifts billions despite early fears, thoughtful cooperation between industry and watchdogs may let blockchain technologies likewise transform our world for the better.

     A future built on trust

    As Ricardo Simoes of INATBA said in welcoming Nexo, the association’s mission echoes Nexo’s own goal of maximizing blockchain’s potential through trust and compliance. The promise of technologies like cryptocurrency depends on wider adoption, which demands individuals feel protocols are robust and activities properly regulated.

    Nexo’s membership sends the message that it is serious about responsible growth. By tackling issues together with INATBA, it aims to develop a level of integrity and consumer confidence that could lead to mass awareness and the use of decentralized networks. Where some view regulation as only a hindrance, partnerships like this one forge a path toward using governance itself to bolster an innovation’s merits and foster trust in its applications.

    In the coming years, such cooperative efforts may prove even more consequential as digital transitions raise novel policy questions at an accelerating pace. By engaging proactively on industry standards, Nexo suggests it aims to be an exemplar of bridging new possibilities with established protections—and a driver in the delivery of blockchain’s revolutionary but responsible future.

  • Heroes of Mavia Launches It’s Anticipated Game on iOS and Android with Exclusive Mavia Airdrop Program

    Heroes of Mavia Launches It’s Anticipated Game on iOS and Android with Exclusive Mavia Airdrop Program

    Hanoi, Vietnam, January 31st, 2024, Chainwire

    Heroes of Mavia, a groundbreaking Web3 AAA mobile base builder strategy game, is now available on iOS and Android app stores. This launch marks a new era in gaming, merging the thrill of strategy gameplay with the innovative aspects of Web3 technology.

    After a successful private beta period of three months, which attracted over 350,000 waitlisted enthusiasts and showcased impressive engagement statistics such as 12k daily and 45k monthly active users, Heroes of Mavia is set to captivate the global gaming community. The game boasts a daily average playtime of 24 minutes and a remarkable 42% day 7 retention rate, indicating its compelling gameplay and engaging content.

    Coinciding with this eagerly awaited launch, Heroes of Mavia introduces the “Mavia Pioneer Airdrop Program – Turbocharged.” This unique program offers early adopters, who download the game before the $MAVIA token launch on February 6th, an opportunity to participate in the $MAVIA airdrop, thereby immersing them in the world of Web3 gaming rewards.

    The Heroes of Mavia community has experienced rapid growth, with its Twitter and Discord channels gaining 45,000 new followers and members in just two weeks, highlighting the game’s burgeoning popularity.

    Heroes of Mavia is committed to bridging the gap between traditional gaming (Web2) and the new era of Web3 gaming. Each player is equipped with an in-built on-chain non-custodial wallet, facilitating the minting, purchasing, and trading of unique in-game items (NFTs). This feature not only enhances the gaming experience but also opens doors to the dynamic world of Web3.

    The game’s recent partnership with Kick.com solidifies Heroes of Mavia’s position in the Web2 streaming world, broadening its appeal and influence within the gaming community.

    Distinctively, Heroes of Mavia’s innovative Web3 model is built for sustainable growth, steering clear of the hyperinflation issues common in many play-to-earn projects. This approach promises a balanced and enriching experience for all players, whether they are long-time Web3 enthusiasts or new entrants to this exciting domain.

    About Heroes of Mavia

    Heroes of Mavia is a AAA mobile Web3 strategy game available on iOS and Android app stores globally. The game is backed by prominent investors such as Binance Labs, Genblock Capital, Delphi Digital, Mechanism Capital, Bitkraft, Animoca Brands among others. The native Heroes of Mavia tokens $MAVIA is set to launch on February 6th 2024.

    To download Heroes of Mavia please visit: https://www.mavia.com/

    Follow Heroes of Mavia 

    Discord l Twitter

    Contact

    Nania Tran
    Nania@mavia.com

  • 7 TradingView Signals To Master the Crypto Market

    7 TradingView Signals To Master the Crypto Market

    Since blockchain technology got fused into financial systems, money markets have witnessed an upsurge in crypto trading. Today, exchanges allow crypto traders to enjoy gaining ventures using crypto buy and sell signals. This article will discuss the top seven crypto trading indicators for making the most of the crypto market.

    Top TradingView Crypto Indicators

    If you are new to crypto trading, indicators are simply calculations that help traders discern possible market trends and likely price changes in crypto assets. Let’s check out the best indicators to make the best crypto buy-sell trades.

    Moving Averages

    Many crypto traders favour this indicator because of its simplicity, which doesn’t in any way undermine its effectiveness. With moving averages, the crypto is analysed by measuring its average over set periods. This strategy sifts out complex details and highlights trends. It helps in understanding possible directions in market trends and forecasting price movements on TradingView. You should know the three types of moving averages to empower your choice. They are simple moving averages, exponential moving averages, and weighted moving averages.

    Simple moving averages (SMA): These are analysed by observing the price at which cryptocurrencies close over a period of time, usually 50 days or 200 days.

    Exponential Moving Averages (EMA): These are similar to SMA but assign greater value to more recent price stats, with the previous price or period decreasing in weight exponentially. Unlike the SMA, it gives the same importance to all prices.

    Weighted Moving Averages (WMA): Here, more value is given to recent prices while older prices or periods are assigned lesser weights. The difference between WMA and EMA is that the previous prices or periods reduce exponentially in EMA. You can easily calculate the different types of moving averages using defined formulas.

    The Bollinger Bands

    Although this indicator was invented in the 1980s, long before crypto trading, it provides crypto trading guidance today. Bollinger bands assist crypto traders on TradingView in calculating the volatility of SMAs and, subsequently, which cryptocurrency is overbought or oversold by looking at its position, whether it is in range or still in the market.

    Let’s break down how it works. Two lines are observed: the simple moving average (indicates trend) and the line showing the standard deviation (indicates volatility). The price trend is analysed by looking at the volatility, known from the disparity between the lines. The wider the difference, the more volatile the asset is; the closer the difference, the less volatile the asset.

    Ichimoku Cloud

    This is an advanced-level analysis with five levels of calculations. Its advantage is that it offers you more than just price trends; it also shows you trend strength and what market positions are likely to experience support or resistance.

    It is calculated by solving for five lines: the Conversion Line, Base Line, Leading Span A, Leading Span B, and the Lagging Span. After the calculations, you can tell if the trend is up if the price is higher than the cloud value and when the price is lower than the cloud value, the trend is low. However, for safer trading decisions, it is usually advised that the Ichimoku cloud isn’t used alone but in conjunction with other indicators.

    Relative Strength Index (RSI)

    This is another frequently used TradingView crypto indicator. The Relative Strength Index is used to measure the trading strength of a cryptocurrency by looking at its short-term momentum. With the RSI, short-term momentum is analysed by considering the speed and movement of assets. This crypto buy and sell indicator can predict short- and medium-term market waves.

    The RSI is calculated as a percentage and usually indicated as a line moving through two static lines. When the RSI line is poised to ascend upward, it indicates that the cryptocurrency has been oversold, and when it is poised to move downwards, it indicates being overbought. In numerical analysis, an RSI below 30% shows a likely rise in prices in the short term, and above 70% shows that prices are likely to decline.

    Stochastic Oscillator

    This crypto indicator was first proposed by George Lane a few years after WW2. The Stochastic Oscillator shows you the momentum of a cryptocurrency’s low and high-range closing prices analysed within a time frame. Most traders use a 14-day time frame. The calculation analyses the behaviour of two moving average lines and the oscillator value for a given period. When these lines cross, traders can see movement in the price’s momentum. Many traders do not use the stochastic oscillator as a lone indicator; it is usually used in conjunction with other crypto indicators like the Relative Strength Index, Aroon Indicator, and On-balance volume, among others.

  • Cerra.io Gains Momentum with Audit, Pre-Sale, DEX Launch and More

    Cerra.io Gains Momentum with Audit, Pre-Sale, DEX Launch and More

    Cerra.io decentralized passive income

    Since the launch of their decentralized application just a month ago, the momentum has not wavered. The team has forged new partnerships, introduced additional products, enhanced user experience, and is in progress of conducting a thorough smart contract audit. The Cerra.io team is on an unwavering trajectory of advancement.

    P2P-Lending Smart Contract Audit

    The live deployment of the product just before Christmas 2023 was strategically timed. Cerra stands out as a lending option by utilizing in-house-developed decentralized oracles. While these features emphasize innovation, the paramount importance of security and flawlessness led the team to seek a third-party auditor. Enter Tweag, a leading auditing firm with a wealth of experience, ensuring the integrity and security of the product. Tweag has an impressive track record, conducting audits for projects inside Cardano, like Minswap, GeniusYield, GeroWallet and many others. The audit is going at rapid pace and according to the team, should be coming to the closing stages in the weeks ahead.

    Pre-Sale

    Currently the pre-sale stage is happening directly on the newly established website: cerra.io/presale. It has been progressing steadily in alignment of the platform development and feature releases. Make sure to check it out and join the early-birds team.

    Development Updates

    In the dynamic world of cryptocurrency, “DePIN” has become a buzzword, Cerra.io seized the opportunity presented by Iagon, a Cloud Computing Platform within the Cardano ecosystem, becoming the first dApp on Cardano to utilize decentralized storage. 

    Moving forward – a recent announcement from the team will bring another interesting feature to the platform. Xerberus Risk Rating system will help lenders and traders manage their exposure while using Cerra. The feature will go live after the next major risk upgrade that Xerberus is planning towards the End of February/Early March!

    Additionally, substantial UX improvements, such as order filtering, faster loading times, live blockchain querying, and an enhanced create order wizard, have been implemented to elevate the user experience.

    Upcoming AMM Swap

    As a hub for Passive Income DeFi, Cerra.io doesn’t settle for a single product. The team is excited to announce an upcoming release, AMM Swap, scheduled for launch before the end of Q1 2024. The Swap is bringing in a status quo to existing options, with new out-of-the-box features. This addition aims to boost liquidity, drive product adoption, and increase fee generation, with a commitment to providing the lowest trading fees in the market. All resulting fees will be split with the valued CERRA token holders. This journey is marked by continuous innovation, and Cerra.io is thrilled to push for more progress and innovation along the way.

    In conclusion, Cerra.io stands at the forefront of the Cardano ecosystem, shaping the landscape of Decentralized Passive Income with unwavering commitment and constant innovation. From strategic partnerships and robust security measures to pioneering the use of decentralized solutions and introducing new products like AMM Swap, the journey is marked by progress. As the team continues to push boundaries and enhance user experience. Stay tuned for more groundbreaking developments from Cerra.io

    Website | Twitter | Discord | Whitepaper

  • Travel Blockchain Camino Launches Native Token to Public

    Travel Blockchain Camino Launches Native Token to Public

    Camino Network has opened up its travel-tailored blockchain network to the general public for the first time via a sale of its native cryptocurrency token, CAM. The token powers a suite of decentralized apps designed to transform how the massive global travel industry operates.

    After raising over $10 million in private rounds from major industry players like Lufthansa and Eurowings, Camino is letting anyone own and use its token through the public distribution. The nonprofit Camino Foundation will mint one billion CAM tokens, 900 million of which were pre-mined at launch last year, with the rest to be unlocked as incentives.

    Benefits of CAM Token to the Public 

    “By taking CAM public, we can spur grassroots innovation to complement the enterprise partners building on our network,” said Camino co-founder Jonas Primbs. “It unlocks the next phase of our mission to completely reshape how travel bookings, loyalty programs and related services work.”

    Of the total supply, 75 million CAM tokens have been slated specifically for the public, split into three discounted tranches based on timing. The minimum buy-in is 1,000 Swiss Francs, equivalent to around $1,100. All purchased tokens will be subject to a 1.5 year lockup period and graded vesting schedule to ensure longer-term alignment.

    As Camino’s native asset, CAM facilitates all transactions on the network – from executing travel bookings to accessing decentralized apps. These dApps encompass everything from exchanging hotel points to tokenizing travel vouchers into tradable assets. CAM provides the financial rails for diverse use cases.

    “We designed CAM to incentivize participation at all levels, from major brands down to indie developers,” Primbs said. “As more partners build on Camino, it ties everything together and enables peer-to-peer exchange of value.”

    How Camino Network Works

    Camino Network leverages aspects of public and private blockchain technology to balance scalability with security for industry use. The sale of CAM grants general membership into what’s designed as a next-generation ecosystem custom-built for global travel.

    Switzerland’s progressive stances on cryptocurrency and blockchain have fostered growth in the country’s Crypto Valley hub. Under Swiss guidance, Camino’s backers view CAM as a compliant utility token granting access to a decentralized network rather than an investment asset.

    With the token sale launching Camino to the world, its founders feel it serves as kickstart for realizing its full vision. “We are providing the picks and shovels of infrastructure for the travel industry’s Web3 future,” Primbs said. “Everyone is now welcome to join us in building it.”

  • SBINFT Blasts Off Into The Metaverse With SBINFT Mits

    SBINFT Blasts Off Into The Metaverse With SBINFT Mits

    SBINFT Blasts Off Into The Metaverse With SBINFT Mits

    Key takeaways:

    • SBINFT just launched their NFT marketing platform called Mits, which their CEO Ko Jangdeok describes as a “one-stop-shop” to make creating, distributing, and managing NFT projects a total breeze.
    • Some neat features include event planning tools to throw rad virtual parties, analytics to help you optimize your strategy like a pro, and custom marketplaces to show off your collections in style. They also want to help superfans rep their faves all over social media with loyalty perks.
    • With SBINFT’s reputation as Japan’s top NFT spot since launching in 2021, this thing is primed to explode globally.

    With the rise of Web3 and the metaverse, brands have recognized the opportunity presented by non-fungible tokens (NFTs) to engage communities and market in innovative new ways. Japanese behemoth SBINFT is playing a leading role in advancing this new frontier with the recent global launch of their NFT marketing platform – SBINFT Mits.

    What is SBINFT Mits?

    SBINFT Mits aims to simplify the process of entering the NFT marketing space for both individuals and major corporations. According to Ko Jangdeok, CEO of parent company SBINFT, the platform will serve as a “one-stop-shop” allowing users to streamline the creation, distribution, and management of NFT projects alongside marketing initiatives.

    Some of the core capabilities available on SBINFT Mits include:

    Event management tools

    Brands can organize virtual or IRL experiences for NFT communities, building excitement and engagement. Think of exclusive concerts, parties, or charity events.

    Analytics dashboards

    Tracking metrics like mint sales, secondary market performance, and community growth will help optimize strategies. Nothing fuels success like data.

    Branded marketplaces

    Want your own custom NFT shop? SBINFT Mits facilitates building storefronts to showcase collections and merchandise.

    Community incentives

    Loyalty points programs and exclusive perks can motivate superfans to evangelize brands across social channels.

    The goal is to simplify once convoluted strategies, enabling anyone from solopreneurs to Fortune 500s to establish a presence in the rapidly evolving Web3 sphere. With clicks, not code, Mits is democratizing the metaverse.

     Powering NFT pioneers

    Since unveiling Mits at last summer’s WebX Summit, over 37 early adopter brands have already signed up for the platform’s beta testing. Among the trailblazers utilizing Mits are 300-year-old sake brewer Yucho and travel titan H.I.S., proving this is about more than just get-rich-quick jpegs.

    Industry leaders are also flocking to SBINFT’s innovative NFT solutions. Dozens of top gaming developers will begin listing digital assets on SBINFT’s marketplace starting this January. With a reputation as Japan’s largest NFT venue since launching in 2021, their combined volume and users are massive.

    SBINFT: At the center of the metaverse movement

    Under Jangdeok’s visionary leadership, SBINFT has rapidly grown into one of East Asia’s foremost Web3 heavyweights since originating as SmartApp in 2018. With Mits, they aim to globalize that impact by empowering trailblazers across industries on their journey to the metaverse.

    As Jangdeok boldly stated, “Positioned at the forefront, SBINFT serves as the heart of this revolution.” Considering the momentum already gained, it’s clear they’ve got all the right tools and talent in place to lead brands into a new era of digital possibilities.

  • QRDO Foundation and EQ LAB Announce Strategic Partnership to Launch the Warden Protocol

    QRDO Foundation and EQ LAB Announce Strategic Partnership to Launch the Warden Protocol

    Cayman Islands, Cayman Islands, January 31st, 2024, Chainwire

    The QRDO Foundation, dedicated to the growth and development of the QRDO ecosystem, has announced a strategic partnership with EQ LAB, a leading blockchain developer lab, to launch the Warden Protocol. This initiative accelerates the upcoming launch of the Warden Protocol, an intent-based interoperability protocol built on Cosmos and based on the Fusionchain primitive. 

    Introducing the Warden Protocol

    The Warden Protocol is a modular intent-centric blockchain built on the Cosmos-SDK. At its most basic level, it enables users to create Spaces and Wallets on various blockchains and govern their activity through on-chain intents. Complex multi-leg transactions can be built, and cross-chain activity protected via complex intents, all enforced on-chain by the Warden Protocol.

    For the builders in the space, Warden enables smart contracts to be deployed on Cosmos using Solidity and WebAssembly, and facilitates a modular marketplace of key management solutions, from HSM solutions to multi-party computation providers.

    “The Warden Protocol is the next evolution in intent and interoperability primitives,” said a representative for the QRDO Foundation, “joining forces with the EQ LAB team enables us to achieve this ambitious vision and ensures that QRDO token holders see the realization of a truly decentralized and open, intent-centric interoperability and key management protocol.” 

    Various applications have pledged their support to deploy on Warden, including:

    • EQ.finance, a liquid staking hub for Cosmos that puts existing liquid staking tokens to work;
    • WARDD, a USD-pegged decentralized stablecoin that provides Warden users with instant access to dollar liquidity; 
    • Marginly, a pluggable protocol for decentralized funding pools that enable margin trading on any spot DEX; and
    • SpaceWard, a SAFE-like platform for wallet management and governance.

    EQ LAB will form the core contributor team to the Warden Protocol and will bring an extensive team of 15 core developers to the Warden Protocol. 

    “We are very pleased to be helping to establish the Warden Protocol as Core Contributors”, said Alex Melikhov, founder of EQ LAB, “as an experienced team of qualified blockchain developers, we see a bright future in the Cosmos ecosystem, and we look forward to seeing incredible value unlocked for both the existing QRDO and Q token holder communities”.

    WARD Token

    The Warden Protocol plans to introduce the WARD token via a fair launch mechanism. This launch will take place without any pre-mine or investor allocations, with eligibility for both an airdrop and an incentivised WARD-swap extending first to existing QRDO holders. As a nod to the public goods done by various other Cosmos chains, TIA and ATOM stakers will also be eligible, as well as builders and users from other complimentary protocols and chains. Further details will be announced shortly. 

    The Alfama testnet will go live in the coming weeks, with details for an incentivised testnet to be published shortly. 

    Contact Information

    Warden Protocol

    Warden Protocol is a new modular intent-based blockchain based on CosmosSDK that allows users and builders to explore and build cross-chain securely. 

    pr@wardenprotocol.org

    www.wardenprotocol.org 

    About EQ LAB

    EQ LAB is an experienced software engineering house specializing in permissionless applications and protocols, acting as a technology partner in a plethora of projects on Cosmos, Ethereum, Arbitrum, Polkadot, and other blockchain platforms. 

    hello@eqlab.io 

    www.eqlab.io 

    About QRDO Foundation

    QRDO Foundation has been established to focus on accelerating the adoption of open custody, security and interoperability protocols and nurture the value of the QRDO ecosystem.

    Contact

    PR Team
    QRDO Foundation
    pr@qrdo.org