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DEFI

How STACKD Finance Services Make DeFi safer for everyone

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Decentralized Finance (DeFi) represents the financial, blockchain-based world of tomorrow. Future generations will abandon the traditional financial system and embrace dApps, tokens and other digital innovations to achieve economic goals.

However, DeFi is still in its infant stage, leaving room for scams, money laundering, and other criminal activities. DeFi, without secure solutions and education services, could be more risky than a rewarding venture for individuals and businesses.

Here is where STACKD Finance steps in, to help develop DeFi into a safer, more transparent, and sustainable economic environment. Continue reading to learn more about its vision, utility, and services.

What is STACKD Finance?

STACKD Finance is a project seeking to take the DeFi industry to a new level. Its cryptocurrency ecosystem is designed to offer trust and security to tokens and individuals, and to help bridge fiat with DeFi. STACKD makes DeFi safer for both new and existing projects in the cryptocurrency sphere.

The STACKD organization consists of high-level executives, team members, and business advisors who are doxxed and have passed KYC with InterFi. STACKD was founded on four pillars: honesty, integrity and community. This philosophy helps DeFi become a safer, more sustainable, productive, and safer environment.

The project provides educational opportunities, advanced utilities, and tools to support users in developing generational wealth through cryptocurrency and decentralized finance. STACKD Finance provides services that help individuals and tokens navigate the DeFi market in a more secure way than ever before.

STACKD Finance will feature a proprietary deflationary token to ensure the project’s security and longevity. Token buying and selling will include a 20% tax, redistributing 15% of it as BUSD rewards for token holders. This means that 75% of the total tax will return to the STACKD community. The remaining tax will be used for marketing, staking rewards and buyback + burns.

STACKD will not limit wallet holdings, or buy limits. They will not charge a transfer fee.


They will, however, protect smaller holders by setting a maximum sell of 0.2% per transaction.

STACKD Finance has an extensive roadmap comprising ambitious milestones for the next two years and beyond. The project plans to launch its token, list the token on cryptocurrency exchanges and create various utilities within its DeFi ecosystem.


Furthermore, STACKED intends to expand its team, establish a philanthropic fund allocation, and join the Metaverse by Q2 of 2023.

STACKD Finance Services

Setting a new example of excellence in DeFi is impossible without innovative tools and utilities. These STACKD Finance services will assist them in reaching their goal.

STACKD AVS – Advanced Verification Services





‘KYC’ stands for ‘Know your Customer’ and is a level of verification suitable for customers of business. STACKD Finance believes that current KYC procedures within DeFi are insufficient to verify the identity and control of those who manage cryptocurrency tokens and other multi-million dollar projects.

AVS aims to set the new standard of ID verification in cryptocurrency for individuals and projects. STACKD AVS will verify a person’s identity to a higher standard than traditional KYC processes. The advanced STACKD AVS Gold will not only verify the identity but also perform additional checks to ensure that the person is fit to lead a crypto project.

STACKD AVS Platinum is for crypto tokens and projects, and will verify the identity and suitability of the team leaders, as well as carrying out an independent assessment of the project as a whole, providing potential investors with further peace of mind that a project has been vetted by a trusted third party.

In the event that an individual/project is issued with AVS certification, and then being involved in a “Rug Pull” or ‘Scam”, STACKD Finance will proactive provide the details to the authorities in place and cooperate fully with any criminal proceedings against the person/project.

STACKD Legal & Compliance

This service helps other token-based projects to develop their businesses, using the STACKD vision and philosophy and aiming to make DeFi safer for everyone. Rach, STACKD’s Chief Legal Officer will oversee the Legal & Compliance Division. She will offer services to tokens in all stages of development.

This division will work hand-in-hand with the AVS Division to ensure clients receive full-service utilities and help their projects to grow securely. For instance, projects can apply for:

  • Advice about legislative requirements in a jurisdiction
  • Project management of the establishment and registration of crypto companies
  • Advice on how to start a token
  • Advice on privacy issues
  • Assistance with compliance with privacy legislation and storage of investor data
  • Drafting website terms and conditions and privacy policies
  • Risk mitigation advice
  • Drafting and advising on contracts and arrangements (including Partnership Agreements and other contracts)

Currently, the STACKD team is developing various compliance utilities and additional compliance services according to its vision.

STACKD Finance will make its Legal & Compliance services available to all coins and tokens. They will also be prepared for the upcoming regulations in the cryptocurrency industry.

Final Thoughts

STACKD Finance is one of the latest projects to surface in DeFi with a uniquely positive approach to this environment. Its transparent approach and practical services will inspire others to create a better financial environment for all DeFi residents. Although the project is still in development, it has announced many partnerships and its AVS as well as Legal & Compliance services.

STACKD has built a huge organic community who love receiving the information STACKD consistently releases about its services, tools, partnerships and utilities. We will closely follow its development and see how quickly STACKD achieves the many goals on its extensive roadmap.

Meanwhile, for more information about STACKD Finance, please follow the links below:

| Website | Twitter | Instagram| Discord| Telegram|


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Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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DEFI

Terra Collapse continues to plague Defi –Chain Bridges down 20% This Month

Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month

Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. The total value locked in defi (TVL), has fallen 2. 61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days.

Value Locked in Cross Chain Bridge Tech Slips 20% Lower Than Last Month

Over $100 billion in USD value was recently removed from the total value locked (TVL) in defi and TVL statistics continue to slide. Four days ago, the TVL in defi was approximately $112. 29 billion and today, the TVL is down 2. 61% to $109. 35 billion. The TVL in defi across twelve blockchains has fallen a lot over the past month. Cross-chain bridge TVLs also have fallen a lot.

30-day metrics from Dune Analytics indicates that the TVL across cross-chain bridges is down 20.3%. Today, there’s $16. 49 billion total value locked across 16 different cross-chain bridges. The number of unique daily ethereum bridge depositors has dropped in addition to the cross chain bridge TVL.

As of Thursday, May 19, 2022, Polygon has the largest TVL among the 16 cross-chain bridges monitored on Dune Analytics. Polygon currently has $5. 15 billion today. The $5. 15 billion on Polygon bridges represents 31. 23% of the entire $16. 49 billion cross-chain bridge TVL.

Polygon is followed by Avalanche ($3. 55B), Arbitrum ($3.2B), Fantom’s Anyswap ($1. 87B), Near Rainbow ($1. 86B), Optimism ($585M), Harmony ($229M), Moonriver ($154M), and Xdai ($122M).

The top crypto asset leveraged on cross-chain bridges today is the stablecoin usd coin (USDC). The stablecoin has $5.1 billion locked and is followed by WETH or ETH with $4. 57 billion locked. Tether (USDT) is the third-largest with $1.9 billion today and other notable cryptos leveraged on cross-chain bridges include WBTC, DAI, and MATIC.

The losses in defi are caused by two factors. One, the Terra blockchain fallout removed more than $40 billion from the defi ecosystem in a very short period of time. The remaining billions have left defi in various ways including using cross-chain bridges because defi users have been rattled by the Terra catastrophe.

Billionaire investor and crypto proponent Mike Novogratz published a blog post yesterday covering the recent Terra blockchain fiasco and he said “the collapse dented confidence in crypto and defi.”

What do you think about the dent in confidence to the defi ecosystem and the value locked in cross-chain bridge tech dropping lower than last month? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a journalist and financial tech expert living in Florida, is the News Lead at Bitcoin.com News. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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DEFI

Lido Creates an Additional Curve Pool To Improve Liquidity Around Bonded Ethereum Peg

On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110. 35 billion after there was more than $200 billion total value locked (TVL) eight days ago on May 5. One specific defi protocol called Lido, a liquid staking platform and the second largest defi application in terms of TVL size today, has lost significant value losing 49. 66% during the past week.

Curve’s stETH: ETH Peg Skews, Lido Adds New Pool With Liquidity Incentives

While being exposed to the Terra blockchain blunder, Lido’s bonded ethereum tokens have been under pressure due to an imbalance on Curve’s bonded ethereum (stETH) and ethereum pool. The liquid staking defi protocol Lido announced that it was deploying liquidity incentives to Curve Finance in order to improve the imbalance that has been taking place around the stETH: ETH peg.

“We are deploying an additional Curve Finance pool to improve the liquidity around the stETH: ETH peg,” Lido tweeted on May 12, 2022. “This new pool will feature an additional 1M LDO in incentives for the next week and is currently almost empty, suggesting high rewards to initial depositors.” Before the announcement, Curve’s stETH: ETH pool was showing a 2% discount amid the chaos surrounding the Terra blockchain.

Crypto journalist Colin ‘Wu’ Blockchain explained what was taking place on Thursday. “The ETH/stETH asset ratio in Curve’s largest TVL steth (ETH+stETH) pool is skewed,” the journalist tweeted. “ETH/stETH=36.48%/63. 52%, people are exchanging stETH back to ETH. Users who are using stETH for leveraged staking need to be aware of potential de-pegging risks.”

Team Plans to Migrate Curve and Balancer Pools, Lido’s TVL Shed $10. 26 Billion in a Week’s Time

In the same Twitter thread, Lido described the firm’s plan to mitigate the issue on Curve’s platform. “[The plan is to] migrate liquidity from the existing Curve and Balancer pools to a new one (recommended deposit ratio at current rate is 13 stETH for every 1 wETH) to maximise rewards,” Lido added on Thursday. “The new pool contains 1,000,000 LDO for the next week in rewards.”

Some people questioned the move to create a new pool on the largest defi protocol in terms of value locked. “Is it a good idea?” UST was attacked during liquidity migration,” one individual asked.

The liquid staking application Lido also had significant exposure to the Terra blockchain and 49. 66% in value has left the platform since last week according to defillama.com stats. Lido currently has $9. 13 billion in value but on May 5, it held $19. 39 billion. $10. 26 billion has been removed from Lido’s TVL since May 5 and $4,130 in LUNA remains.

What do you think about Lido adding liquidity incentives to Curve’s pool? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, the News Lead at Bitcoin.com News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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DEFI

Terra Fiasco Unlocks Value in Defi –

Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions

Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39. 26% since April 3, from $230. 18 billion to the current $139. 81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed Lido down to the third-largest TVL position in defi, losing 19. 42% in 24 hours. Anchor Protocol has slipped down to the 12th largest TVL position, losing 66. 34% in the 24-hour timeframe.

Value Locked in Defi Sheds 10% During the Last 24 Hours — Terra Defi Apps Rock the Boat

  • According to defillama.com stats, the value locked in decentralized finance protocols has dropped 10. 58% in value during the past 24 hours, and 39. 26% over the past 38 days since April 3, 2022. The TVL sizes of all ten top defi protocols have fallen between 1. 61% and 19. 42% in the last day.
  • The defi protocol Lido dropped from the second-largest position to the third-largest on Wednesday after losing close to 20% in value. Lido supports a variety of blockchains. One of these is Terra network, which pays rewards in UST and allows LUNA bonding.
Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions
Total value locked in defi on May 11, 2022.
  • While the defi lending protocol Anchor was once the third-largest defi project just three days back, it is now holding the 12th position as it lost 66. 34% during the last 24 hours. Seven-day stats show Anchor’s TVL lost 85. 92% in value.
  • One of the only defi protocols that has seen its TVL rise over the last week is Tron’s Sunswap as it’s up 10. 69% during the past seven days. Dydx saw its TVL increase by 0. 80% this week and Arrakis Finance jumped 4. 48% higher this week.
  • Curve Finance, a stablecoin-centric automated marketplace maker and decentralized exchange (dex), still held the lead on Wednesday with 9. 94% of the entire $139. 81 billion. However, Curve is down 11. 51% during the last 24 hours, 27% down for the week, adn 31. 85% during the last month.
  • The TVL in cross-chain bridges has also dropped 20.3% this month and there’s currently a TVL of around $16. 49 billion spread across cross-chain bridge protocols. Today, Avalanche and Polygon are the most powerful cross-chain bridge TVLs.
  • Terra used to be the second largest defi space in Ethereum’s TVL. However, it is now the sixth. $3. 71 billion remains in Terra-based defi protocols, while the leader Ethereum has $86.51billion.

What do you think about the decentralized finance market action during the last few days and how Terra’s ecosystem is affecting the value locked? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, a journalist and financial tech expert living in Florida, is the News Lead at Bitcoin.com News. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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