Bloq Enters DeFi World With Simplified Staking Product ‘Vesper’
Vesper will pool and stake deposited ether (ETH), wrapped bitcoin (wBTC) or tether (USDT) across DeFi protocols selected on the basis of a user’s risk preference starting mid-November.
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Within six weeks of launching, Vesper Finance, a DeFi yield platform co-founded by former Bitcoin Core developer Jeff Garzik, has amassed a $1 billion TVL. Vesper Finance, a recently launched DeFI yield suite co-founded by former Bitcoin core developer Jeff Garzik, has surpassed a TVL of $1 billion within six weeks of launching on mainnet.Garzik, also an executive of blockchain technology firm Bloq Inc, tweeted the news on March 23 while also revealing the team had open-sourced its smart contracts. Vesper’s CEO also noted the protocol’s open source transferable NFT container can be used to....
Global bitcoin payment service provider BitPay has revealed a commercial partnership with blockchain technology provider Bloq, in an announcement. The partnership will see Bloq provide enterprise-grade implementation and support services for companies using BitPay’s open-source full node and development platform, Bitcore. Bloq will also begin offering Bitcore in its BloqEnterprise product offering, which will enable companies get all the functionality of Bitcoin and a full Bitcoin node, in addition to “native utilities and intuitive Node.js libraries” to help extend Bitcoin’s....
The upgrade to Ethereum 2.0 comes with many changes, including the migration to the proof-of-stake consensus algorithm, believed to make the network more secure and compensate participants accordingly. What is the difference between self-staking and ETH2.0 Staking Earn?While Ethereum 2.0 staking allows validators to be compensated for securing the network, ‘Ethereum 2.0 Staking Earn’ is its own product, providing users rewards from several DeFi products.On Ethereum 2.0, the PoS-powered blockchain will bundle 32 blocks of transactions during each validation round. Each block bundle is known....
The crisis of 2020 led to the fact that many countries lowered the refinancing rate in order to provide their economies with cheaper loans. The economy needs money, cheap and affordable loans. All this has led to the fact that even countries with negative refinancing rates have appeared. Negative rates mean free loans. However, negative rates lead to the fact that depositors have to pay for making deposits in banks. This contributes to a huge outflow of deposits from banks. But people need to invest money somewhere. During the crisis, the shares of many companies fell and investments in....
DeFi wallets provide users with a gateway into the world of decentralized finance; the only caveat is finding the one that best supports a user's financial goals. Which wallets are worth considering?The SafePal wallet is designed to address simplicity with a consolidated dashboard and cross-chain swapping features to support users with staking, amongst other earning opportunities.SafePal is providing users with a solution that operates as a completely non-custodial decentralized crypto asset management platform. The solution comprises a software and hardware wallet for users both simply....