New York, United States of America, July 30th, 2024, Chainwire

In a major leap towards simplifying the Web3 experience, Tria introduces ‘Unchained,’ a modular chain-abstraction infrastructure designed to streamline today’s fragmented asset management in Web3 and power a fluent UX on the Injective blockchain.

New ecosystems are emerging rapidly – causing a cluttered landscape of managing multiple wallets, fragmented assets and multiple blockchain-specific tooling. Tria allows users to use any asset on any dapp, across any chain without needing other wallets, bridging, or acquiring gas tokens – all powered by chain abstraction.

Now, Tria is bringing the incredible UX of chain-abstraction to the Injective ecosystem, a leading interoperable L1 blockchain to un-chain Web3 complexities – one step at a time. Injective is the fastest layer 1 blockchain with more than 800M on-chain transactions and an FDV (fully diluted market cap) of $2.5 Billion USD.

Unchained is a modular, Chain-abstraction AVS Layer 2 built on Cosmos SDK with dual-execution EVM compatibility. This innovative construct allows users to access assets and dApps on hundreds of chains with a centralized-exchange-like, real-time Web3 experience.

What Tria is bringing to Injective:

• Effortless Onboarding: No need to set up a new wallet for Injective. Login with SSO, or connect any previously unsupported wallets like MetaMask, or Phantom.
• Unified Assets: View and use any asset from any EVM or non-EVM blockchains using a unified interface.
• Seamless Trading & Staking: Eliminate complex bridging and trade or stake using any asset.
• No Gas Token : Pay Injective gas with any token from any chain with gas abstraction.

“This integration will revolutionize the user experience by allowing seamless interaction with any asset on any dApp across any chain,” said Eric Chen, CEO and co-founder of Injective Labs. “Users will no longer be encumbered by the complexities of switching wallets, bridging, or acquiring gas tokens, as all of this is seamlessly managed within Tria’s ‘Unchained’ infrastructure.”

In the coming months, chain abstraction will be rolled out within the Injective ecosystem, which is designed for building premier UX-first Web3 applications. From day one, this movement has seen profound involvement from leading dApps in the Injective ecosystem, including Helix, DojoSwap, Hydro Protocol, Neptune Finance, Injera, SA World, Kakeru, and Sushi Fighter. These integrations empower users to seamlessly access Injective’s variety of dApps with any asset from any chain. This paves the way for a truly unified DeFi experience. It eliminates the complexity of creating a Cosmos wallet, bridging assets to Injective, and obtaining gas tokens. Overall, this collaboration is poised to drive a major paradigm shift in the DeFi world.

“We are witnessing an industry-wide shift, with large ecosystems recognising the need for app layer chain abstraction wherein users can use any asset on any chain minus the complexities of multiple wallets, bridges and gas tokens – said Vijit Katta, Co-founder of Tria. Chain abstraction is no longer a choice—it is a necessity and we are thrilled to bring it to reality with Injective.”

About Tria

Tria is at the forefront of chain-abstraction innovation, empowering users and developers to access the entire Web3 without the friction of today’s user-experience. Built in stealth, by crypto degens and funded by OGs, Tria is thrilled to unveil the next monumental step in redefining the finance UX on Injective. 

Users can follow Tria and Injective on Twitter to stay up to date on what chain abstraction is set to enable for the ecosystem and the broader Web3 landscape. 

Users can follow Tria’s Twitter

Contact

Co-Founder
Vijit Katta
Tria
vijit@tria.so

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

Singapore, Singapore, July 23rd, 2024, Chainwire

A groundbreaking moment in decentralized finance (DeFi) is here as Magnify Cash unveils its state-of-the-art DeFi protocol and announces the upcoming Fair Launch of its native token, $MAG. As a pioneer in financial technology, Magnify Cash is set to reshape the financial services landscape for individuals and enterprises alike.

The Future of Decentralized Credit Markets

Magnify Cash is spearheading the next evolution in decentralized credit markets, unlocking liquidity for Real-World Assets (RWAs), Future Yield Tokens (FYTs), and a myriad of digital assets through its innovative, permissionless lending desks.

Solving Key Financial Challenges

• Limited Liquidity: Bridging the gap for diverse digital assets.
• Decentralization: Eliminating centralized and custodial lending limitations.

Innovative Products and Solutions

• Permissionless Lending Desks: Facilitate borrowing and lending for any ERC-20 token against RWAs, FYTs, and other digital assets.
• Decentralized Borrowing Options: Provide lending solutions without intermediaries, ensuring maximum security and transparency.

Universal Collateral and Currency Support

Magnify Cash’s Universal Collateral Acceptance feature supports an extensive array of tokenized assets, including ERC-1155 and ERC-721 tokens. Users can now leverage NFTs and tokenized real-world assets such as art, real estate, bonds, and luxury goods as collateral, unlocking liquidity without the need to liquidate these valuable assets.

Key Features

• Comprehensive Support: Universal support for lending currencies and loan collateral (ERC-20, ERC-1155, ERC-721).
• Seamless Operations: Asset-backed borrowing and lending with permissionless creation and management of lending desks.
• Enhanced Liquidity: Extensive liquidity options for all digital assets, including stablecoins, ETH, liquid staking tokens (LSTs), meme tokens, blue chip NFTs, and treasuries.
• Advanced Risk Management: A dynamic interest rate model utilizing linear interpolation and scaling factors, eliminating the need for oracles.

Robust Security and Compliance

• Guardian Protocol Audit: Ensuring top-notch security.
• Gaslite Gas Optimization Audit: Maximizing operational efficiency.

Proven Testnet Success

• Over 500 lending desks created.
• More than 500 loans issued.
• Nearly 5,000 unique users engaged.

Strategic Alliances and Future Roadmap

Magnify Cash collaborates with leading industry partners like LydianLabs, FjordFoundry, Jiraiya, Tailored, Blaize, 4am, and H3AT Studios, amplifying the platform’s capabilities and outreach. Key security audits by Guardian Protocol and Gaslite reinforce Magnify Cash’s commitment to providing a secure and reliable platform.

Currently Live on

• Base Testnet

Exciting Upcoming Launches

• Base Mainnet: Coming Soon (Including RWAs)
• Ethereum Mainnet: Coming Soon (Including RWAs)
• Potential Layer 2 launches: Abstract Chain, Blast Chain, and more.

Fair Launch of $MAG Token

The $MAG token will be launched through Fjord Foundry’s liquidity bootstrapping protocol, ensuring a fair and transparent distribution. The token sale runs from July 23rd, 8:00 PM EST to July 27th, 8:00 AM EST, with over 70% of tokens allocated to the public. This equitable approach encourages broad participation and fosters a strong, engaged community. Active participants, including lenders, liquidity providers, and borrowers, are rewarded with $MAG tokens.

Participation Opportunities

Secure $MAG Tokens: The MAG token sale begins on July 23rd at 8:00 PM EST (July 24th, 8:00 AM Singapore Time). Participants are invited to join the Fair Launch at Fjord Foundry here.

Explore the Ecosystem: Magnify Cash invites interested parties to discover its comprehensive ecosystem by visiting the Website. Access the Pitch Deck, engaging Intro Video, detailed Whitepaper, and technical Documentation.

Engage with Our Community: Magnify Cash encourages joining its vibrant community for real-time updates and support. Follow us on Twitter, join the Telegram group, and participate in discussions on Discord.

About Magnify Cash

Magnify Cash is a non-custodial and permissionless decentralized credit market that empowers users to lend ERC-20 tokens and borrow against non-fungible tokens (NFTs) and Real-World Assets (RWAs) with unmatched flexibility and transparency. Committed to true decentralization, Magnify Cash ensures universal support for ERC-20 tokens as lending currencies and ERC-1155/ERC-721 assets as collateral. The protocol’s innovative approach to on-chain credit markets offers a fresh perspective in the evolving world of decentralized finance.

For more information, users can visit https://Magnify.Cash or follow Magnify Cash on Twitter at X.com/MagnifyCash.

Magnify Media Kit: Link.

Contact

Press Manager
Magnify.Cash
socials@magnify.cash

Miami, Florida, July 23rd, 2024, Chainwire

FLOKI, the cryptocurrency ecosystem, announced today that Valhalla, a MMORPG (Massively Multiplayer Online Role-Playing Game) spin on the classic Creature-Collection adventure, will be the Associate Sponsor for India’s Tour of Sri Lanka. 

This partnership will give Valhalla significant visibility through mid-wicket pitch mats, ground LED boards, backdrops, and other high-visibility ground assets.

Floki is the people’s cryptocurrency and the utility token of the Floki Ecosystem. FLOKI aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing.

India will be touring Sri Lanka following their historic T20 World Cup championship win in the USA. The series will commence with back-to-back T20Is on July 27, followed by ODIs starting on August 1, with a two-day gap between each match. The series is expected to attract significant viewership, with estimations predicting a cumulative viewership of 180 to 220 million for both the ODI and T20I series.

Sri Lanka Cricket expressed excitement about the partnership, stating it will bring more visibility and engagement to the sport.

A Media Representative for FLOKI said, “It is with great enthusiasm that we at FLOKI step into a partnership to sponsor the India Tour of Sri Lanka 2024, an arena where the sport’s heart beats as fervently as our dedication to being a cryptocurrency for all.”

“Building on our previous associations with Cricket, FLOKI continues the belief that cricket, like FLOKI, transcends boundaries and unites people from all walks of life. Valhalla gives gamers and fans a realistic platform that they can explore alone or as a clan, partake in a dynamic, player-driven economy to rise in the community ranks, and make their mark in the competitive, animated world mirroring the opportunities cricket provides in the real world. This partnership signifies our commitment to integrating the world of gaming, cryptocurrency, and sports in a meaningful way.”

The series will also mark the first time both teams play under their new coaches, Gautam Gambhir for India and Sanath Jayasuriya for Sri Lanka. The Pallekele International Cricket Stadium will host the T20Is, while the R Premadasa Stadium in Colombo will host the ODIs.

About Valhalla

Valhalla is a spin on the classic Creature-Collection adventure set in a vibrant, lively, MMORPG open-world inspired by Norse mythology. Players interact with a diverse set of eccentric creatures called Veras, discovering, taming, training, and trading them. Alone or as a clan, players partake in a dynamic, player-driven economy to rise in community ranks and achieve tactical supremacy on the hexagonal-grid battlefield.

Website: Valhalla.game

About Floki

Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing. Floki currently has over 490,000 holders and a strong brand recognized globally thanks to strategic marketing partnerships.

For more information, users can visit Floki’s:

Website | YouTube | Telegram | Instagram | TikTok | Discord | Facebook | Reddit | Twitch

Contact

Community Relations Officer
Pedro Vidal
Floki
marketing@floki.com