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Bware Labs Launches MVP of High Performance Decentralized Node Network

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Bware Labs Launches MVP of High Performance Decentralized Node Network

Bucharest, Romania, 14th June, 2021,
Bware Labs, a startup developing a decentralized API platform that aligns incentives between end users and node providers, has released the MVP, or functional prototype, of their platform to the public. Users can now set up a dedicated node endpoint with just four clicks, obtaining access to blockchain data through RPC or WSS APIs.
As part of this release, the end-user will be able to connect to the app through a MetaMask wallet and generate dedicated endpoints allowing them to interact with Avalanche, Binance Smart Chain, or Ethereum mainnets, all in just four clicks and less than 30 seconds. Although free to use, a maximum of three endpoints (one Avalanche, one BSC and one Ethereum ) can be generated for each MetaMask wallet. 
In the MVP release, nodes are provided by Bware Labs to ensure smooth user onboarding and established performance standards. Once the platform reaches maturity, Bware Labs aims to create a two-sided market of node providers and consumers, creating a decentralized alternative to Infura or Alchemy. While requests are currently limited to 25 per second, Bware boasts half the latency of equivalent free plans by competitors and offers a choice from more supported blockchains. 
In order to guarantee reliability in the Bware Labs ecosystem, node providers will be asked to stake native tokens which will be susceptible to slashing, if the node underperforms. To reach the required stake, node providers will have the option to accept delegations and share reward fees with delegators, the only decentralized API platform to do so. Node users will pay the operators with a subscription model delivered through the MetaMask wallet. This realigns incentives between node operators, who are often conducting an altruistic task at no gain, with the node data users who are unwilling to host their own infrastructure. 
“Running blockchain nodes is critical to ensure the security of the network, but without a proper incentive structure in place, especially in the PoW-based Ethereum, centralization occurs naturally as only major ecosystem players are able to devote resources for hosting nodes,” said Flavian Manea, Bware Labs Co-Founder and CEO.
“As an advisor of Bware Labs, I am very pleased with the progress the team is making towards releasing a fully decentralized API platform. But, more importantly, I am very eager for the Avalanche ecosystem to have this easy to use and extremely convenient option of gaining access to blockchain data. I truly believe this will streamline development efforts on various blockchains, which ultimately will lead to increased adoption.” said Nicholas Mussallem, Ava Labs Head of Product. 
About Bware
Bware Labs provides an interface between Blockchain APIs, consumers and node providers, with integrated payment options and verified reliability all embedded within our platform and protocol service. The Bware Labs team boasts a rich experience in blockchain and tech companies, including Ankr, Intel, Fitbit, Google and Ericsson.
MVP: app.bwarelabs.com  
Documentation: docs.bwarelabs.com  
Plans after MVP: https://medium.com/bware-labs/from-mvp-to-public-sale-and-beyond-60cdbc5bfd29 
Contacts
COO

BullPerks To Become The First Decentralized VC And Launchpad Project To Support Most Popular Public Blockchains

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BullPerks To Become The First Decentralized VC And Launchpad Project To Support Most Popular Public Blockchains

George Tow, Cayman Islands, 10th June, 2021,
Bullperks is happy to announce it will become the first platform and launchpad to support the most popular public blockchains by the end of June 2021. As a decentralized VC investment platform and token launchpad service, cross-compatibility across different blockchains is essential. As a result, Bullperks will provide access to Binance Smart Chain, Solana, Cardano, Polygon, Tezos, Polkadot, Kusama, TRON and many other ecosystems.
This move will prove beneficial for projects on any of these blockchains looking to raise funds through the Bullperks decentralized venture capital solution.
Projects on the supported blockchains can send Bullperks their own native tokens and have them distributed to the buyers. This approach removes the need for wrapped tokens or conversions from one asset to the next. In addition, streamlining the fundraising and token distribution approach will ensure more projects have a fair chance at raising the necessary capital.
Bullperks co-founder Eran Elhanani says:
“We aim to get our token holders the best projects to participate in either early stages through our decentralized VC or later in public round through our launchpad. In doing so we will look into projects on any chain and judge them based on their potential and not just the chain they are. This approach gives us an advantage and a much wider selection to choose from and will allow us to be even more picky and find the best projects out there no matter what chain.”
In the current landscape, the vast majority of token launchpad providers offer support for one or two blockchains at most. This limited appeal creates numerous drawbacks, especially with the demand for cross-chain support sounding louder than ever before. Supporting multiple blockchains and continually expanding the list will bring a lot of positive attention to Bullperks and how its team approaches the broader industry. 
About Bullperks
Bullperks is the fairest and most community dedicated Decentralized VC and multi chain launchpad. 2 projects under 1 roof using the same token and revolutionary tier system.
Contacts

SmartPad launches сross-chain B2B ecosystem for the decentralized fundraising of capital

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SmartPad launches сross-chain B2B ecosystem for the decentralized fundraising of capital

SmartPad, a platform designed for the startups to raise funds in a decentralized manner, has finally been released on May 31. 

First and foremost, SmartPad is a community-oriented project. This is why fundraising was limited to community presale. Funds are too willing to dump tokens as soon as they unlock. Thus, the decision was made against it, and tokens were issued to community members only.

Unlike its competitors, SmartPad offers something unique to the launchpad space. It aims to provide users with a set of useful presale-related tools, readily available to a regular consumer, instead of positioning itself as another platform with huge paywalls and lack of decentralized approach when it comes to pool’s creation. 

The pool’s creation tools are already live, allowing the community members to bring in the projects they consider worthwhile. Staking program offers an option to generate Liquidity Provider token aPAD, which is going to be used in the ecosystem’s governance and allow early pool participation. 

Thus, when a regular DeFi user compares SmartPad with more centralized launchpads, it stands out by offering greater availability of customizable features. In addition, the upcoming cross-chain bridge will allow SmartPad to launch projects on multiple chains at the same time, making it a very flexible platform and increasing the number of available pools for participation. 

Joining the platform now offers a great opportunity to be among the first users accepted into the whitelist, with the first big IDO just around the corner. Follow the official SmartPad channels to stay up to date with the news about upcoming IDO launches. 

Website https://www.smartpad.network/

Twitter https://twitter.com/SmartPad7

Telegram https://t.me/smartpad_group


Deeper Network Partners With Cointelegraph To Deep Dive Into The Polkadot Ecosystem

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The Polkadot Ecosystem has the potential to become the foundation of a whole new crypto infrastructure. Deeper Network is part of the study to determine just how groundbreaking this new blockchain is.
SANTA CLARA, USA – June 9, 2021 – Deeper Network, the decentralized web infrastructure for a more secure, private and fairer internet, are proud to announce their partnership with Cointelegraph Research. Together they will be compiling a report on the Polkadot Ecosystem. The report will examine how Polkadot compares to Ethereum 2.0, the use cases that underline DOT’s value and highlight some of the projects building dApps in the ecosystem. 
Deeper Network is a decentralized network that combines blockchain, network security and sharing economy to create a fairer internet. Built on the world’s first lock-free operating system – AtomOS, Deeper is a decentralized private network. Using Deeper’s revolutionary piece of hardware, Deeper Connect, users becoming a node in the Deeper Network are empowered to act as both client and server. Because the network is server-less and distributed, user data cannot be logged, leaked, hacked or subpoenaed. 
Cointelegraph Research meanwhile, is a unit of Cointelegraph – one of the world’s largest and most well-known digital finance and blockchain media. Cointelegraph Research conducts research on DLT-related topics and produces institutional grade reports.

Cointelegraph Research’s report will examine why Polkadot is needed, and aim to drive Polkadot adoption. It will provide easy-to-read materials explaining the ecosystem and thus reducing the barrier to people getting involved. It will aim to highlight credible projects built on the network and thereby boost confidence in Polkadot. The report will also contain a roadmap of the Polkadot project, detailing key developments and upcoming events. Ultimately, the report will serve to increase awareness of Polkadot. 
The research partners selected by Cointelegraph for this report comprised an exclusive list of parties, all with specific expertise in the Polkadot Ecosystem. Deeper Network was chosen because of the important infrastructure technology they are building that will be a key part of Polkadot. Other prestigious research partners for the report include BlockFi, SDX and Blocksize Capital. 
As a partner on the project, Deeper Network will benefit from a huge amount of exposure. The report will be published on Cointelegraph to an expected 20,000 views on the first day while also being distributed in the weekly newsletter to 250,000 subscribers. It will be published on different news publications both in the crypto sphere and beyond. These publications will include Bloomberg, Factset, Refinitiv and S&P Global. The report will also have a banner advertisement on Cointelegraph that will expect to make at least 1 million impressions.
All partners will be tagged in Cointelegraph posts covering the story. Their names will appear on the report in recognition of their contribution to the research. It represents a huge opportunity and show of faith in the Deeper Network.
Deeper Network has long been building up a loyal base of users. The indiegogo campaign for the 4th generation of Deeper Connect, The Deeper Connect Mini, raised over $1.5 million in funds, representing 1000% of its initial goal. Deeper’s participation in this report demonstrates the big role it will have as part of the Polkadot Ecosystem and the greater crypto sphere. 
About Deeper Network 
Deeper Network is the decentralized and secure gateway to a more democratic internet. The project aims to empower every household with a better internet experience and become the de facto portal to Web 3.0. Deeper Network’s flagship hardware line, the Deeper Connect, is the world’s first blockchain-powered gateway that enables users to securely and privately browse the internet free of censorship.
Deeper Network is led by a team of seasoned industry professionals whose backgrounds include Intel, Amazon, CoinMarketCap and Quantum. Their products are sold on Amazon, Best Buy and Indiegogo with over 10,000 units already sold.
Website | Twitter | Telegram | Facebook | LinkedIn | Reddit
PR contact: [email protected]

Identity-centric Platform Concordium Set for Mainnet and MVP Launch on June 9

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Identity-centric Platform Concordium Set for Mainnet and MVP Launch on June 9

Zug, Switzerland: Blockchain company Concordium will for the first time offer the world access to a safe, transparent, and regulatable blockchain and cryptocurrency, marking the end of an era of anonymity and distrust that has undermined the development of the industry.
After three years of development, the Concordium Blockchain and its Cryptocurrency, the GTU, will make its mainnet debut on June 9, a move that for the first time clears the way for any developer or user to access the Concordium platform.
The Concordium platform differs from other industry participants by offering previously unseen guarantees of governance and transparency, without compromising privacy.
Users are identifiable and the provenance of every transaction is trackable, creating trust for the users and meeting the needs of global regulators. At the same time, identities can be made available, but only if necessary. “Privacy, but not anonymity” said Lone Fønss Schrøder, Concordium’s chief executive.
The company said credible participants in the industry were being damaged by a subset of users that was undermining trust in the technology, delaying broader adoption and hindering businesses and consumers from benefiting from the potential blockchain and cryptocurrency offers.
Lars Seier Christensen, Concordium’s chairman, said:
“The time has come for the blockchain industry to respect the general rules of society. With the launch of Concordium Blockchain, the era of anonymity, opacity, and lack of transparency has come to an end.”
Concordium believes focusing on the requirements of developers and companies and taking into account future regulatory rules solves the problems that have so far prevented the widespread use of blockchain technology.
Ms. Fønss Schrøder said:
“This is the tool that global businesses have been waiting for. This industry needs to realize that without trust and acceptance there is nothing.”
Concordium was founded by a non-profit Swiss foundation and is backed by a select group of respected academics and industry veterans. From its birth in 2018 it has combined the development of its own blockchain and cryptocurrency with a desire to help redefine the values upon which the industry has been associated.
Ms. Fønss Schrøder said:
“This is not just an image problem, it’s far more serious. Global business is rules-based. The sooner the blockchain and crypto industry wakes up to the need to play by the rules the sooner the full potential of blockchain will be realized.”
The company’s combination of cutting-edge technology and commitment to a global rules-based system has attracted the interest of investors. Earlier this year, it successfully raised over $41M from private and strategic sales, and the most recent sales is valuing the company at $4.45B.
Concordium is a decentralized and sustainable public blockchain that solves the shortcomings of traditional blockchains, through built-in user identification and Zero-Knowledge-Proofs, which are used to replace anonymity with securing private data. The technology supports encrypted payments, provides relevant authorities the ability to identify users, and allows the user to verify the identity of counterparties.
Based on science-based- and peer-reviewed protocols, Concordium’s blockchain has a solid cryptographic focus, with protocols developed by academics from some of the world’s leading universities in this field together with Concordium’s research team. The project is led and advised by senior business executives from industries including banking, automotive, logistics, retail, energy, and telecommunications.
It has also established partnerships with several esteemed scientific institutions, including the Concordium Blockchain Research center Aarhus, Aarhus University, ETH Zurich, and the Indian Institute of Science.
Contacts
Full technical press release
Open source Code – https://github.com/Concordium
Documentation – https://developer.concordium.software

Here’s Why Your Bitcoin Transaction is Stuck

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Here’s Why Your Bitcoin Transaction is Stuck

Bitcoin has transactional limits to what it can achieve, so when there is a high demand for the cryptocurrency, the network clogs up, causing mempool spikes. 
The mempool is where unconfirmed transactions await their inclusion in the blockchain. 
During normal operations, Bitcoin is capable of keeping up with the demands. Bitcoin transactions naturally gather in the mempool before miners record them on the blockchain. 
Two forces affect Bitcoin’s capabilities to avoid going into a mempool spike. 
Demand for Bitcoin transactions
Changes in network mining power
Demand for Bitcoin Transactions
Bitcoin’s popularity is the most influential factor in the equation. When Bitcoin is not trending, the blockchain usually avoids overflowing the mempool and regularly zeroes out the mempool. However, when Bitcoin is receiving a lot of hype, people make more transactions, pushing the block size limits beyond what is possible in one block and a mempool spike is inevitable.
Mempool spikes have been a long-standing issue with great efforts made by Bitcoin Core developers to minimize their effects through updates such as Segwit.
However, demand-related mempool spikes are difficult to combat. If you need to make an urgent transaction during a mempool spike, you have to pay more than the majority to get in the next block.
Changes in network mining power
The Bitcoin network is constantly changing a few parameters to preserve the ten minute average for blocks. The main parameter called mining difficulty determines the validity of cryptographic results produced by miners. Miners must find a valid result before they can write data on the blockchain. 
Mempool spikes provide additional incentives for miners to return to the network as they increase the rewards for solving a block. Users are competing to get their transactions on the next block, each paying more in transaction fees. 
Let’s consider this short case study we did on a mempool spike that happened in early November 2020.
Dissecting a mempool spike – November 2020
Bitcoin’s network experienced a mempool spike as a result of migrating hashpower from Sichuan to the rest of China and beyond. The lowest hashrate recorded in the past 30 days at the time was between October 26th and November 4th. During the same period, transactions kept on coming, and the lower block throughput resulted in a major mempool spike on Bitcoin’s network.
Source: Jochen Hoenicke 
Network conditions leading up to the mempool spike were ideal for the situation. The network had its difficulty adjusted for 142 EH/s on October 17th, but the network only had 116 EH/s on the onset of the mempool spike on October 26th, further falling to 90 EH/s in the next couple of days. 
Miners leaving the network for the expected physical migration, left the network hanging with a power vacuum, resulting in hundreds of thousands of transactions filling up in Bitcoin’s mempool, awaiting confirmation.
Source: CoinWarz
Crypto news media outlets quickly picked up on the development, noticing the amount of activity on the network being the highest it’s been since 2017. Users on Twitter also reacted noticing the slow confirmation times, and bloated mempool. 
Jameson Lopp, a former Bitcoin Core developer noticed that transactions in the mempool require additional memory due to the (unserialized) data structures used to store them. This resulted in nodes rejecting relaying some transactions by default, due to low transaction fees.
Source: Bilthon commenting on 100/b sat transaction
The most notable peak in the period between October 28th and November 4th was 151,842 simultaneously unconfirmed transactions, totaling 54.255 BTC in transaction fees, or rather 35,731 satoshis on average per transaction.
Source: Poolin.com
One Bitcoin feature that you may not be familiar with is the “Replace by Fee” (RBF) transaction. This type of transaction is designed to be able to change the transaction fee for a previously broadcast Bitcoin transaction that got stuck in the mempool. 
The easiest way to do this is to use the www.pushtx.com tool to get it done fast. You just need a transaction ID and some Bitcoin to boost your transaction. Produced by one of the leading mining pools, Poolin, this tool, and its users are protected by the brand’s impressive reputation. 
Safe to say, it’s both popular and safe.
Alternatively, you can download a variety of local software wallets to help you achieve the same goal, such as Electrum or Bitcoin Core. While it’s a great way to learn more about Bitcoin, this is only useful if you are ready beforehand.
Don’t get your transaction stuck in the first place
Mempool spikes happen and it’s up to Bitcoin users to determine the best timing for their transaction. Sometimes a transaction is urgent and you are willing to pay almost any price to get it where it needs to be, but other times, you may be better off waiting for a few hours, or even a day. 
Make sure that you pay enough as a transaction fee to get a probabilistic guarantee of getting your transaction confirmed in the next couple of blocks. Once again, one of the best tools for the job comes from Poolin.
Mempool spikes are an important part of Bitcoin
Bitcoin miners use a transaction fee method to decide which transactions are included in the next block. Transactions willing to pay the highest fees are considered a priority. Current Bitcoin wallets often suggest reasonable transaction fees to ensure transaction inclusion in the next one, three, or six blocks, i.e. 10 to 60 minutes of real-time. 
Without mempool spikes, Bitcoin transaction fees wouldn’t exist. With Bitcoin rewards getting lower and lower, transaction fees will eventually turn out to be more profitable than block rewards. 
The mempool and its quirks are an important and integral part of Bitcoin, and it’s up to us, the users, to familiarize ourselves with the network and learn how to anticipate challenges. 

Turkey to Pilot a Digital Currency in 2021

Turkey to Pilot a Digital Currency in 2021

Turkey is set to pilot a digital currency in the second half of 2021. On Friday, central bank chief Naci Ağbal revealed the plans to Parliament.
As reported in the Turkish media, Ağbal said, “There is an R&D project started on digital money. Currently, the conceptual phase of this project is completed. We aim to start pilot tests in the second half of 2021”.
This move may not come as a surprise as the country has been hit with high inflation levels in recent years. Its chaotic past overshadows Turkey’s recent stable financial history. After stabilizing in 2001, the government held a tight grip over the Turkish Lira’s economy and value. However, following the 2016 failed coup, economic issues began to resurface, culminating in 2018 when Turkey’s inflation rate was 16.33%.
The high inflation level came after US sanctions created additional stress on an already impacted economy. A move towards a central bank digital currency (CBDC) matches Turkey’s broader aims of strengthening the national economy by developing a robust FinTech ecosystem.
Source: Statista
The Turkish government is not the only country working on a digital version of its fiat currency. According to a Bank for International Settlements report, of a sample of central banks representing jurisdictions covering close to 80% of the world, most of them were exploring options to introduce CBDCs.
Cryptocurrency adoption has been increasing in Turkey. The Government has significantly increased resources into blockchain and cryptocurrency technology to curb a national economic recession. Whether the accelerated move towards a CBDC is a silver bullet for the stressed economy will remain to be seen.

Bitpanda Releases Debit Card for a Variey of Assets

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Bitpanda Releases Debit Card for a Variey of Assets

Austrian-based digital asset management company Bitpanda has released it’s very own debit card, allowing users to spend their fiat currency, cryptocurrency and precious metals. Once the funds are registered online, users can fund payments using any of the investments they have with Bitpanda with a real-life physical Visa card.
A unique offering and something that has caught the eye of many traders, who look for ways to exchange cryptocurrency using debit cards on the various exchange platforms available to digital currency users.
What makes the product stand out is the ease at which customers can switch between the various assets they hold in order to complete trades and transactions.
What does the Bitpanda card offer customers?
The digital asset company is now taking pre-orders for the new Visa debit card, which will be a world-first for a crypto-broker. Users will be able to connect to their account via the Bitpanda mobile app, allowing them to select any asset present on the user’s portfolio. 
Bitpanda is a company that has quickly picked up speed, having first secured investments of over $52 million in its first round of funding in 2020. A company that seems to be going from strength to strength, with claims that they are doubling their revenue year-on-year. 
As we mentioned before, the access to cryptocurrencies, fiat money, and precious metals all in one card is something the financial market hasn’t seen before. Bitpanda co-founder and CEO Eric Demuth stated:
“We wanted to build a product that is missing in the market by asking ourselves why it wasn’t possible to spend your investments at any time you want.”
Not only can they trade these assets, but they can also purchase at online shops and make transactions online worldwide using the value of the assets held. 
As you’d expect from any Visa debit card, transactions are completed instantaneously, with everything linked back to the users’ account. This revolutionary debit card offers features you’d expect from such a technologically advanced product, such as allowing contactless payment using Google Pay and Samsung Pay. Bitpanda debit card users will be able to track all account movements using real-time push notifications.
Something that came as a surprise to us was the fact customers will be able to freely spend without incurring any fees or monthly account charges. Users will have the option of becoming a premier customer, meaning they will also be rewarded with up to 2% cashback in Bitcoin every time they complete a purchase.
At present, Bitpanda claims it’s customer base is upward of 1.5 million, accessing their investments via the desktop site and mobile app. We mentioned the three main categories of investment types, but there are 50 different investment assets available overall. 
To start with, the debit card will only be available to users residing in the European Union. Though this is likely to change in the near future. As a Peter Thiel backed company, Bitpanda is likely to continue to move on the same upward trajectory it’s on at the moment. 

Poolin Empowers Ethereum Miners With New Payout Scheme and International ETH Node

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Poolin Empowers Ethereum Miners With New Payout Scheme and International ETH Node






Poolin, one of the largest mining collectives just finalized an upgrade to their global Ethereum infrastructure by completing the installation of an international Etherum node in the United States.
In addition to the node, Poolin switched its payment method from PPLNS to PPS+, which will enable Ethereum miners to begin earning Ethereum transaction fees in addition to the usual block rewards.
This move will enable Ethereum Miners to exponentially increase their earnings when mining through the Poolin pools. According to Poolin, $830 million were spent on fees in January 2021 alone, showcasing the importance of this update for ETH miners on the network.
We reached out to Poolin’s Vice President, Alejandro De La Torre for a comment regarding the network upgrade:
“We are dedicated to the success of our users and strive to empower them in every step of this decentralized journey. With this update to our infrastructure and process, we hope to provide significant value to Ethereum miners on our network and enhance their balance sheets.”
With this update, Poolin’s offering for Ethereum miners just got more enticing and rewarding. The installation of the international Ethereum Node will also enhance the capabilities of the network and provide users with better latency and more rewards over the long-term.







Zoran Spirkovski is a freelance journalist, brand strategist, and author published by CryptoBriefing, BeInCrypto, CryptoNewsNet, and NewsBlockchain. He writes about blockchain technology, cryptocurrency, branding, marketing, and productivity, and other stories that brew up in his mind.
He writes a daily blog about the same topics at zoransp.medium.com and he regularly contributes to freelance discussion groups.

Freeliquid on BSC and ETH – Collateralize your Liquidity for 90% Loans

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Freeliquid on BSC and ETH – Collateralize your Liquidity for 90% Loans

With over $45 billion in tokens locked within the Ethereum-based decentralized finance market, banks are being shorted by financial enthusiasts worldwide. DeFi is here to stay, and unlike its centralised counterparts, it provides frictionless access to collateral-backed loans, liquidity pools, and hundreds of yield farming opportunities. Day in and day out, the market roars and produces a never-ending supply of success stories. 
This is certainly the case with liquidity providers, the core pillars of decentralized exchanges, often referred to as automated market makers (AMMs). In exchange for supplying liquidity in token pairs, LPs receive a proportional cut of the transaction fees generated by their deposits. While this capital produces yields, it only does so for as long as it’s deposited in a liquidity pool. 
What if there was a way to keep capital within a DeFi liquidity pool, but still utilise it to access additional revenue streams? Freeliquid is an LP collateral lending solution created for this very purpose. 
Crypto-backed loans are certainly not new to the DeFi sphere. Traditionally, crypto enthusiasts can collateralize their digital currencies in exchange for loans in fiat or other coins. In doing so, one can securely access capital whilst still retaining the potential gains realized by their digital currencies. 
While ingenious, the aforementioned strategy only works if you HODL crypto, but if already vested, access to additional revenue streams is restricted. Freeliquid is now opening the gates to stablecoin loans backed by liquidity pool collateralization. 
Zero interest, and no time constraints – truly DeFi style!
Freeliquid works by having users collateralize their LP tokens, which serve as proof of ownership within designated liquidity pools. With 90% loans obtainable on the collateralized LPs, Freeliquid users are given USDFL stablecoins. Pegged to the dollar value, USDFL can be efficiently leveraged for further exposure to DeFi yield farms, liquidity pools, stakes, and standalone currencies. 
With no time constraints in place, users can hold on to their additional revenue streams to infinity. Once ready to repay the loan, users deposit their USDFL to the Freeliquid smart contract, unlocking access to their LPs. 
At this time, Freeliquid works with stablecoin pools in DAI, USDC, USDT, and USDN across the Ethereum DeFi ecosystem. Now, Freeliquid is expanding to the Binance Smart Chain. 
Following a successful community vote through the governance mechanism, Freeliquid has just announced upcoming support for the Binance Smart Chain. 
The reasons behind this development are clear to any Ethereum DeFi enthusiast. Despite Ethereum’s huge value proposition, network scalability challenges have led to huge gas fees. Rather than wasting valuable ETH, DeFi users would rather bank on the newest opportunities. 
Albeit centralized, the Binance Smart Chain provides industry-low fees, lightning-quick transactions, whilst remaining true to the blockchain ethos of transparency, immutability, and anonymity. 
The move will not affect users; Quite the contrary! Freeliquid is building a BSC-ETH bridge for their USDFL stablecoins and FL governance token. With huge liquidity on AMMs like PanCakeSwap, the move will greatly benefit BSC-based liquidity providers. 
The expansion is expected to occur in the 2nd quarter of 2021. Testing and smart contract adjustment is already well underway. 
By using Freeliquid, billion-dollar liquidity providers looking to bank on the hottest DeFi opportunities can do so without pouring additional capital into the crypto market. Freeliquid reports active work on plenty of new developments, including an upcoming integration with Curve Finance. 
To learn more, check out Freeliquid’s website, Twitter, Telegram community, and Medium page.