Grand Cayman, Cayman Islands, July 26th, 2024, Chainwire

Kwenta, the leading onchain perpetuals exchange on the Optimism network, has partnered with Perennial to launch a new joint product and incentive program on the Arbitrum network. This initiative, backed by a substantial 1.9 million ARB grant, aims to attract new users and liquidity providers to Arbitrum and spark renewed interest in onchain perpetuals trading.

Kwenta and Perennial’s Expansion Strategy

Kwenta, known for being a UX layer for perps trading on Optimism and Base, is expanding its reach to Arbitrum in a bid to build a comprehensive marketplace for onchain perpetuals. This move is facilitated by Perennial V2, an Arbitrum-native protocol designed to be a hyper-efficient liquidity layer for derivatives trading. The joint initiative is designed to revitalize the popular AMM model for leveraged trading by providing traders with a powerful, familiar interface to interact with smart contract liquidity.

Perennial’s vision is to create a single, global liquidity layer where all markets, all chains, and all liquidity converge into one decentralized nexus. By integrating Kwenta’s premier trading interface with Perennial’s advanced perps infrastructure, users on Arbitrum will benefit from an optimized trading experience. Trade orders on selected Kwenta markets will be seamlessly routed through Perennial, ensuring efficiency and reliability. This collaboration combines Kwenta’s top-tier trading platform with Perennial’s hyper-efficient trading infrastructure, delivering the best possible experience for traders.

Incentive Program Details

The newly launched incentive program focuses on two main areas:

• Trading Rebates: Active traders will benefit from substantial fee rebates, making it more cost-effective to trade on the platform. This initiative is expected to drive trading volume and retain users.
• Liquidity Boosting: Liquidity providers will receive incentives to supply liquidity, ensuring deep and efficient markets. 

For more details on how to potentially earn rewards, users can visit Kwenta’s Rewards Blog for trading rewards details, or visit Perennial’s Discord server for information about rewards for providing liquidity.

Team Insights

Burt Rock, Marketing Lead at Kwenta, highlighted how far onchain perps have come, stating, “We’ve seen a lot of new perpetuals markets focused on improving the user experience, but most are making huge sacrifices in terms of decentralization. We want to show people you really can build decentralized apps which are incredible to use, and even better than offchain versions.”

Kevin Britz, CEO & Co-Founder at Perennial, added, “Kwenta has been a market leader in the perp vertical, regularly pushing over $100M in OI. We’re excited to welcome them to our home on Arbitrum and expand the number of teams leveraging Perennial infrastructure. In a saturated perps landscape, combining our protocol with Kwenta’s interface will lead to increased volume, deeper liquidity, and a CEX-level user experience.”

Future Outlook

The introduction of this incentive program represents a crucial step in the evolution of Kwenta and Perennial. With Kwenta concentrating on the UX and frontend aspects of trading and Perennial focusing on providing a robust liquidity layer, the collaboration is set to offer a decentralized trading experience that is both highly efficient and user-friendly. This model of specialization showcases how projects can synergize to deliver superior services in the DeFi space. The combined expertise of Kwenta and Perennial promises to elevate the standard of onchain perpetuals trading, making it more accessible and appealing to a wider audience.

For more information, users can visit Kwenta’s website and Perennial’s website. Users can also read Perennial’s launch announcement for additional details.

About Kwenta and Perennial

Kwenta: As a leading platform for derivatives trading, Kwenta has facilitated over $50 billion in volume on Optimism and Base. The platform is expanding to Arbitrum to launch its perpetuals marketplace, a single app to compare and trade on multiple onchain venues.

Perennial: Perennial is a pioneering DeFi liquidity layer that offers hyper-efficient infrastructure for a variety of trading applications. Its modular and efficient design supports customized markets, leveraging fast execution and capital efficiency to power DeFi apps.

Contacts

Burt Rock
Kwenta
burt@kwenta.io
Lucas Terry
Perennial
lucas@perennial.finance

Saint Vincent, Grenadines, July 25th, 2024, Chainwire

ZAP, the reputation-based token distribution protocol and Big Bang winner on Blast L2, today announced a successful raise of $15 million in a funding round led by Rarestone Capital, Cypher Capital and Sharding Capital. The round also saw participation from Auros Global, Presto Labs, and angels Larry Cermak (CEO, The Block), Chelsea Jiang (Foresight Ventures), and Luca Netz (CEO, Pudgy Penguins), plus notable angels from LayerZero.

ZAP is a community-driven token distribution protocol that validates user contribution to ensure fair and meritocratic rewards, enabling projects to sustainably build and grow their communities. ZAP features a comprehensive suite of products: A questing and airdrops protocol, a no-code token launcher, and a curated launchpad offering access to VC backed projects. These are all supported by Mission Control, ZAP’s questing and reputation system, ensuring fair and community-driven access to token distributions. 

ZAP previously raised $11m in March through a “Vault Sale”, using a similar model to the recently popular Node sales used by XAI and Aethir. More recently, they announced a partnership with analytics platform Nansen, who will help the protocol to build advanced, data-driven insights into on-chain users, enhancing ZAP’s offerings and optimizing their questing and airdrops protocols.

“It’s great to be backed not just by industry titans but also have such overwhelming support from the community,” said Carlo, Product Lead at ZAP. “Their support validates our vision of a more inclusive and fair token distribution ecosystem. With this funding, we will further enhance our platform and expand our suite of products to better serve our community and the broader blockchain space.”

ZAP is set to expand its innovative solutions by building new features, growing to new geo-locations, and broadening its reach to different blockchain ecosystems—starting with Base in July. ZAP’s ongoing developments aim to democratize access to early-stage investments and ensure that all participants can engage on a level playing field. 

In conjunction with their recent funding milestone, ZAP also launched the Blast Gigadrops Campaign aimed at fostering greater user engagement within the Blast ecosystem. Running from May 27 and still ongoing, it introduces a chapter-based airdrop system, rewarding users for both their social and on-chain interactions with over 20 leading Blast protocols and decentralized applications (dApps). The campaign boasts a prize pool nearing $1 million and includes collaboration with major partners such as Thruster, Particle, and MetaStreet among others.

About Zap

Zap is a community-driven token launch protocol designed to solve the challenges in the token launch space and provide value to both founders and investors. By offering a merit-based model, Zap ensures that all investors have an equal opportunity to participate.

Website | x | Telegram | Discord

Contact

Xiao
xiao@zap.tech

San Francisco, California, July 24th, 2024, Chainwire

ETZ is transforming retirement planning by making digital assets available to retirees

ETZ, a premier service designed to simplify and enhance digital asset investing in retirement accounts, announced that it would offer SUI, the utility token powering Sui, a high-performance Layer 1 blockchain and smart contract platform, as an investment option integration for holders of its IRAs. ETZ now operates seamlessly with the Sui Network, which means that the SUI token can officially be held as an asset in a Tax-Advantaged Traditional or Roth IRAs, offering an unparalleled solution for investors looking to diversify their retirement portfolios while maintaining all of the tax advantages of keeping their assets in such a fund.

ETZ employs a regulated, state-chartered trust company to hold self-directed IRAs and custody of assets, ensuring a secure and compliant investment environment while facilitating rollovers of IRAs and 401(k)s. Furthermore, ETZ is insured up to $320M, provides institutional-grade asset security, and FDIC insurance on cash balances, providing peace of mind to investors. It also offers digital asset access through a tax-advantaged SEP IRA to help companies attract top talent by providing a more modern and diverse retirement platform as a benefit.

“At ETZ, we believe that increasing access to digital assets for every employee will transform employer incentive plans,” said Jiazi Guo, CEO of ETZ. “Sui’s meteoric rise in the blockchain space, backed by its unparalleled technology, underscores why we are so excited to offer our users the option to add Sui to their portfolios”

“ETZ has done an immense amount of work breaking down barriers to open up a new category of options to real people looking to secure a financial future for themselves and their families,” said Gap Kim, Head of Marketing for the Sui Foundation. “With the unique tooling and products that ETZ has engineered, these retirees now have access to a suite of products that will enable them to diversify their holdings and take advantage of the latest generation of financial innovation.”

ETZ’s integration with Sui is now live and investors can benefit from 24/7 access to their investments with the support of dedicated representatives, advanced security measures, and streamlined tax reporting. 

For more information about ETZ, users can visit https://etzsoft.com/. For more information about Sui, users can visit https://sui.io.

Contact

ETZ, Inc.
samuel@etzsoft.com

Ljubljana, Slovenia, July 24th, 2024, Chainwire

Blocksquare today announced the launch of its latest marketplace pool funding round with Pieme, a blockchain platform enabling hotel investment, acting as the marketplace operator on Blocksquare’s real estate tokenization infrastructure. Commencing on July 30th, this Marketplace Pool funding round will utilize Blocksquare’s recently introduced Oceanpoint DeFi launchpad to introduce fractional investment into the hospitality industry, increasing accessibility and democratizing hotel financing.

Pieme’s management platform is tailored for a diversity of investors interested in community-owned hotel residences, with entry investments starting from $150. Utilizing blockchain, Pieme allows investors to monitor bookings, oversee stays, and engage in the industry. The platform also manages all operational, maintenance, and marketing aspects of investment to allow for streamlined project management.

Pieme is currently finalizing its first hotel-residence in Kampala, Uganda, with plans for expansion across other African cities to leverage emerging markets for maximum growth potential.

Oceanpoint marketplace pools enable the creation and operation of tokenized real estate marketplaces within the Blocksquare ecosystem. Marketplace operators submit project proposals and gather community support through a democratic voting process. Community members contribute their staked BST tokens (sBST) to support promising initiatives, obtained through participation in the Governance pool on Oceanpoint.fi.

The Pieme Marketplace Pool Campaign is an opportunity for the Blocksquare community to expand into hotel ventures and capitalize on Africa’s burgeoning real estate sector. This Marketplace Pool Round succeeds the rapid sell-out of the previous Oceanpoint Launchpad campaign within 36 hours, building off the popularity of tokenized RWA real estate investment.

For more information about the funding round, Blocksquare and Pieme are hosting a Block-chat this Thursday, July 25th at 6:00 PM UTC, or read here for more details about the pool.

About Blocksquare

Blocksquare offers SaaS solutions for blockchain-based real estate tokenization. Headquartered in Ljubljana, Slovenia, Blocksquare’s platform aims to power a global network of marketplaces, connecting investors to real estate opportunities in their region. Through its real estate tokenization protocol, anyone can digitize real estate assets at a fraction of the cost, while providing the quickest way to launch an online marketplace. Blocksquare’s Oceanpoint adds a layer to their established tokenization infrastructure to create borderless access to real estate financing, for anyone with an internet connection.

 Website | X | Telegram | Blog | Facebook | Reddit | LinkedIn | Token overview | 

About Pieme

Pieme is transforming the landscape of Hotel investments by making hotel ownership accessible to everyone. Leveraging fractionalization, Pieme allows individuals to invest in profitable hotel ventures, regardless of their investment size. Positioned as the Airbnb for the African hotel industry, Pieme democratizes opportunity, and transforms how people engage with hotel investments.

Website | X | LinkedIn | Medium

Contact

CMO
Julia Buchholz
marketing@blocksquare.io