⭐️ GTA Ventures is pleased to officially announce its strategic partnership with Cosmic Champs- The first play-to-earn game on Algorand. Battle friend or foe in a real-time cosmic arena to earn stackable tokens and 3D NFTs.
⭐️ As one of the largest communities in the cryptocurrency market in Vietnam, GTA Ventures hopes that the strategic partnership with Cosmic Champs will help both sides develop and go further in the future.
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⭐️ GTA Ventures is pleased to officially announce its strategic partnership with DELIQ FINANCE. A protocol for decentralization that provides liquidity to AMMs and thus enables high-speed liquidity to Avalanche and other blockchain ecosystems.
⭐️ As one of the largest communities in the cryptocurrency market in Vietnam, GTA Ventures hopes that the strategic partnership with DELIQ FINANCE will help both sides develop and go further in the future.
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The explosion of decentralized finance allows KYC-free trading to grow rapidly in terms of liquidity and volume. A secure, permissionless, scalable, and secure leveraged trading facility that caters to the DeFi market is necessary to completely realize DeFi’s vision of global financial access. Growth that is both quick and long-term. Today, I’ll show you how to use OpenLeverage, an escrow protocol. Let’s find out with GTA research!
OpenLeverage is a margin trading protocol that allows traders trade any trading pair on the DEX without KYC efficiently and safely.
Decentralized Margin Trading
Margin trading is a method of trading assets using funds provided by a third party. When compared to regular trading accounts, margin accounts give traders access to a larger amount of capital, allowing them to profit from their advantages Margin trading, in essence, magnifies trading results so that traders can profit more from good deals.
In centralized cryptocurrency markets, borrowed funds are usually provided by an intermediary, such as an exchange or centralized broker. However, in a decentralized cryptocurrency trading environment, funds are typically provided by other anonymous users who earn interest based on market demand for margin funds. Borrowers and transactions will remain anonymous, but they will be visible and adhere to the smart contract’s regulations. All money is held in smart contracts until all requirements are met, at which point they are released to terminate trading positions and lend as needed.
Anyone can create lending pools for a specific pair on the DEX.
You are interested in leveraged trading on the FEI/USDC pair, so you can create two lending pools for the Uniswap FEI/USDC pair. Anyone can create separate groups for users to lend or borrow for margin trades.
Next, users can provide liquidity in the FEI → USDC pool, which means lending FEI to buy USDC. Or users can choose to provide liquidity in the USDC → FEI pool i.e. lending USDC to buy FEI. Lenders will receive variable interest rates based on pool usage. This is similar to how the Compound protocol works.
Lenders receive interest in LToken, which can then be staked back to other Yield Farms for additional rewards.
Traders can choose to borrow from either pool to swap to another token as leverage. In this example, to execute a 2X margin trade, a trader borrows USDC by pledging the same amount of USDC as collateral, swaps to FEI positions with Uniswap liquidity pools, and locks in a smart contract. By leveraging liquidity on the DEX, we don’t have to create separate liquidity or order books for leveraged trading.
10% interest is collected from the pool and 1/3 of the trading fee of this currency pair is used as insurance to compensate the lender if the loan fails to maintain the solvency of the group. Furthermore, each group of loans will have 20% of the accrued interest set aside.
After the trader closes the position, the protocol swaps the FEI position back to USDC by repaying the loan with interest, which returns the deposit plus or minus any gain or loss for traders.
To avoid quick loan attacks, there are restrictions implemented in the protocol design that no opening, closing, or liquidation can be performed in the same transaction. Liquidation occurs in two transactions to avoid attackers manipulating prices, triggering liquidations for profit, or creating cascade liquidation events.
Features of OpenLeverage
These features make OpenLeverage the most scalable margin trading protocol:
Q/2022 and the future
OpenLeverage received $1.8M from investors such as: Signum Capital, LD Capital, FBG Capital, Continue Capital, YBB Foundation, MDEX, AKG Ventures, and Mr. Block
Token use case
OLE is the project’s governance token, minted using the protocol, allowing holders to vote, staking for rewards and protocol privileges
Fees Treasury: 1/3 of the trading fee of this currency pair is used as insurance to compensate the lender if the loan fails to maintain the solvency of the group.
Boost OLE Earning– Increase OLE income by lending
Fees Discount Higher Leverage – Making Discount Fees Higher Leverage
Information about OLE token
OLE tokens are allocated as follows:
OLE tokens are stored using an ERC-20 platform wallet.
To understand what is outstanding about OpenLeverage compared to other Dex protocols and exchanges, let’s take a look at the comparison table below.
After reading the article and viewing the summary table above, you must have understood somewhat about OpenLeverage.The information in this article comes from the GTA Research team’s research on the OpenLeverage project, and it is not investment advice. We hope that this article has provided you with enough information to make an informed decision about the project. Thank you!
Buy and sell reputable and safe cryptocurrencies in VND here. This is one of the most prestigious exchanges in Vietnam today.
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Crafting Finance – the largest synthetic asset issuance protocol on Polkadot
NFT has recently become a prominent topic in the cryptocurrency market. In terms of trading volume, all investors are primarily focused on the prospective NFT market, which has reached record levels. Due to the overheating of the market and the high prices of NFTs, most retail investors do not have the opportunity to buy these NFTs.
Like traditional works of art, the NFT is suffering from a problem of illiquidity. Without real-time pricing, it is difficult for NFTs to be collateralized. Therefore, NFT is a competitive asset that still has many shortcomings such as liquidity, difficulty in valuation, low capital efficiency because it is not collateral…
As a comprehensive aggregate platform asset, Crafting Finance can provide anything the NFT market needs and has the functionality to fragment NFTs. So what is Crafting Finance? Let’s find out with the help of the GTA Research team in the article below.
Crafting Finance is a synthetic asset issuance protocol and contract trading platform based on the Polkadot contract chain. The Crafting protocol has swap, loan, loan, and asset pooling functions. Crafting is a mechanism that binds and redefines how DeFi functions by merging its greatest elements.
Crafting use DOT, KSM, BTC, ETH and CRF issued by the project as collateral and aggregate any other cryptocurrencies or off-chain assets such as stocks, bonds, gold through oracles and smart contracts.
Users can create certain assets like USD by collateralizing supported tokens like DOT, KSM, BTC,ETH, CRF and automatically become a position in the asset. Users can also mint other assets through trading and to achieve the purpose of shorting assets. User-generated assets are liabilities corresponding to the entire system. The debt ratio of each user has been determined at the time of the mortgage, so that their respective returns can be calculated. Because such a collateral pool model does not require a counterparty, it perfectly solves the problems of liquidity and transaction depth in the DEX.
Forge (Forging Synthetic Assets)
The synthetic assets issued by the entire system are all created by certain stake users. Initial types of collateral include DOT, KSM, BTC, ETH, CRF, and the collateral rate depends on the change of the collateral itself. In the future, collateral and collateral ratios could be adjusted through community governance. When users stake collateral and create aggregate assets, corresponding liabilities are created. When the user wants to unlock the collateral, they have to repay the debt, which means the user has to cancel the previously created synthetic assets.
Assets aggregated by directly staking collateral in the entire system can be divided into different categories such as stablecoins (RaftStable), synthetic assets (Raft), synthetic bonds (BondRaft) and smart contract assets (UnivRaft).
• StableCoin (RaftStable)
StableCoin is a very important part of synthetic assets, for example rUSD and rEuro can be used as system currency as well as contract trading. Furthermore, stablecoins can also be used as loan collateral. Users can lend – borrow stablecoins like rUSD and exchange it in the real world.
• Raft (Simple Composite Asset)
A simple synthetic asset can be cryptocurrencies like rBTC and rETH, stocks like rAAPL, gold rXAU or any real world asset.
BondRaft (Composite Bonds)
Synthetic bonds are interest-paying synthetic assets issued by the system.
• UnivFaft (Intelligent Composite Asset)
The smart synthetic asset is that the user can issue any kind of financial contract through this system. As such, Crafting can stimulate any financial derivative including assets of the whole world.
Sahring Debt Pool
When a user creates a composite asset, the asset can be put into the Sahring Debt Pool (SDP) and the user will be assigned a fixed debt ratio that is the ratio of the user’s aggregate asset value to the value of the asset. all properties aggregated in the whole system. “Fixed” means that this ratio will not change due to changes in asset prices and will be used to calculate user profit and loss. This rate will only change when a new user creates a new asset or an existing user destroys an existing one.
Optional Joining of SDP
The principle of the SDP trading mode is that the user must generate any synthetic assets and participating in the Debt Pool will automatically become a long-term asset holder. Even if users create a stable currency, it automatically becomes a long position in the stablecoin, causing losses as other assets rise. This loss is called “crafting loss”. “. This is similar to another loss in liquidity mining.
To avoid this loss, Crafting gives users the option of whether or not they want to join a debt pool. So users can opt out of the debt pool if they don’t want to take the risk. In this case, the user can basically use the system as a lending platform and the system will charge interest on the assets created by the user. Interest rates will be determined by community governance later.
In order to incentivize users to join the debt pool as much as possible, users who join the debt pool will earn a percentage of the system’s rewards.
Kingsman is an exchange that offers conversion of various synthetic assets and contract trading, using trading in SDP. This Kingsman DEX will not require a counterparty and has no trade depth issues.
All synthetic assets will be convertible into other synthetic assets on Kingsman. For example, cryptocurrencies like rBTC, rDOT, rETH… to foreign exchange assets like Euro, YEN, XAU or even stocks… Kingsman exchange also supports derivative trading. All these assets are systematically aggregated, notaggregated not real assets and their conversion rates are determined by external real prices provided by Oracles. This conversion does not require a counterparty and users can always convert all their assets supported by the system with unlimited liquidity.
Debt Pool is the aggregate pool of assets generated by all users. It records real-time inventory of all aggregate assets in the system.
Users who trade or convert synthetic assets on Kingsman will be charged transaction fees. The fee rate is set at 0.3% and all these fees go into the fee group. And all fees will be converted to CRF using auction or DEX. 40% of the fee will be distributed as a reward to users who meet the specified collateral rate throughout the system, and the reward ratio is determined by the debt ratio. Another 40% will be cancelled. The remaining 20% will be reserved for future system maintenance and development. The system stipulates that only users who have CRF collateral and participate in SDP can receive rewards, as an incentive for CRF holders. Because mortgage prices fluctuate, it is regulated that only users who meet the mortgage rate are eligible for the bonus.
Those who opt out of the SDP will pay interest on their aggregated assets and the interest goes to the Interest pool. 80% interest will be converted to CRF and converted CRF will be destroyed as another way to support the price of the token. The remaining 20% will be reserved for future maintenance and development.
Since contract transaction prices need to be read from outside sources, oracle is a very important part of this project. In the first phase, the system will use centralized oracles provided by the project team, and in the future, Crafting will introduce more secure decentralized oracles.
Synthetix, Mirror, Uma…
Comparison table between Crafting Finance and similar projects.
When was the project established?
The project was established in April 2021
The project’s Twitter was set up in April 2021 with 12.9K Followers.
2nd quarter of 2021
• Launching DOT and CRF staking functions, creating synthetic assets, including rUSD, rBTC, rETH, rAAPL, rXAU, etc.
• Debt pool functionality launched: When a new user creates or destroys rUSD, the debt ratio is redefined and the user’s profit is calculated based on the change in asset price.
3rd quarter of 2021
• Launched Kingsman version 1.0.
• Launch of fee pool function: transaction fees are included in the fee pool to complete the benefit distribution of CRF users.
• Launched trading functionality on top of the Web, allowing users to freely trade various synthetic assets. Convenient for users to stake CRF or DOT to mint rUSD and destroy rUSD. Allows users to view debt ratio, total system debt, personal aggregated asset balance, reward earnings, and more.
Quarter 4 of 2021
• RaftBond will be available for issuance and trading.
• UnivRaft will be operated for universal synthetic assets, users can use it to issue smart assets.
• Will launch a brand new oracle system that can accommodate all asset prices worldwide.
Team – Project team
Investors & Partnerships
Crafting Finance has received support from leading institutional investors in the industry, including Signum Capital, CMS Holdings, NGC Ventures, Continent Capital, LD Capital, DFG Capital, Waterdrip Capital, Longhash Ventures, Northbund Capital, PAKA Capital, SNZ Holdings, Spark Digital Capital, Titans Capital, AU21 Capital and CryptoDiffer.
Crafting Finance token details – CRF
Crafting Finance Token: CRF
Max Supply: 2,000,000,000
Liquidity Incentive: 40%
Initial Liquidity: 1%
Ecosystem Partners: 14%
Token Release Schedule
Token Use Case
CRF is Crafting Finance‘s governance token as well as the governance token. Parameters related to Crafting Finance including increase – decrease of types of collateral, adjustment of mortgage rate … will be determined by voting by CRF holders.
There are many ways to support the long-term value of CRF such as:
All unallocated and future tokens issued each year will be used as rewards, depending on the type of user. Fees charged in Kingsman transactionstransaction will be converted to CRF through auction or DEX. 40% of the reward will be distributed as a reward to users who reach the specified commitment rate throughout the system. The reward ratio is determined by the debt ratio. Another 40% will be burned. The remaining 20% will be used for the system. Users who opt out of SDP will pay interest on their aggregated assets. 80% equity will be converted to CRF and converted CRF will be destroyed. The remaining 20% will be used for the system.
Where to buy and sell CRF tokens?
There is currently no information about IDO or the sale of CRF tokens. GTA Research Team will update you as soon as possible.
Crafting Finance, developed by the world’s leading blockchain developers, crypto scientists, research scientists and knowledgeable professionals in finance, brings together financial products. Core decentralized government in one place, unmatched by other projects in the industry. This is a project invested by a lot of large funds and Crafting Finance products can provide anything the NFT market needs and has the function of fragmenting NFTs.
The above is all information that the GTA Research team has researched about the Crafting Finance project and is not investment advice. Hope this article will help you get the necessary information and give your personal opinion about the project.
IS SLOPE FINANCE WORTH THE WAIT?
From August 2 to August 6, Slope Finance had launched a plan to recruit Slope DEX Beta Bounty testers. More than 2,000 users submitted the form. Slope Finance officially announced that the seed round has ended successfully, along with a massive NFT launch campaign. Here are the details:
Slope Finance is a decentralized exchange, also is the first cross-platform wallet developed by the Solana community, which can provide Slope DEX and Slope NFTs Market with lightning speed, almost zero transaction fees, and intuitiveintuitive user interface.
Managed by the Slope DAO, all community members who hold SLOPE can participate in project governance. The Slope DAO is the core of the entire Slope Finance community. Slope DAO’s mission is to promote sustainable development of the Slope Finance Ecosystem, including all products, smart contract upgrades, and SLOPE distribution, etc.
Products of Slope
Highlights of Slope?
Downsides: the ecosystem has a small number of wallets that support the Solana blockchain, and the experience can be improved.is poor.
Alameda Research, Solana Capital, GSR, R Mostone Capital, SkyVision Venture, Fund Basic Labs, NGC Ventures, Signum Capital, Ausvic Capital, OxVentures, and Krypital Group.
Total Supply: 1.000.000.000
|Team and Consultants||20.00%||200,000,000|
|Strategic Investor Phase I /Seed||8.00%||80,000,000|
|Strategic Investor Phase II /Private||10.00%||100,000,000|
|Partnership & Ecosystem Incentive||8.00%||80,000,000|
Digital Wallet: Sollet Wallet, Slope Wallet,…
Slope Finance is growing with more than 1,000 users installing Slope Wallet and 3,000 users interacting with their Twitter. More than 600 users have joined the Slope Telegram community and the Discord community. To celebrate the access of Slope wallet on Google Extension, Slope Finance has launched an activity to promote the launch on the installation of Google Extension by airdrop.
The above is all information that GTA Research has researched about the Slope Finance project and is not investment advice. We hope this articleis article will help you get the necessary information and give your personal opinion about the project.
GTA Ventures is proud to announce our latest partnership with MetaVisa – Layer 3 Middleware Protocol.
💎 By analyzing blockchain data, MetaVisa Protocol helps users to establish and display reliable on-chain identity & credit records and makes it easier for DeFi, NFT, GameFi, DAO, and other DApps to serve their users better through our credit system.
🔑 GTA Ventures is a pioneer crypto-assets venture, project accelerator, and community builder based in Vietnam. Our solid foundation built with multi-disciplinary teams has extensive experience spanning investing, portfolio management, technical recruiting, communications, and marketing.
🤝 GTA Ventures will provide marketing opportunities for MetaVisa in Vietnam market. We sincerely look forward to establishing mutually beneficial relationships between GTA Ventures and MetaVisa.
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GTA Ventures is proud to announce our latest partnership with Bemil.
✅ Bemil is an entertaining game with a Play to Earn feature, in which players can engage in battle modes with each other, build party & clan, explore the minigames and other features of the game.
Created in the pandemic period, the aim of Bemil is to create a world where people can have fun and make earnings at the same time
✅ GTA Ventures is a pioneer crypto-assets venture, project accelerator, and community builder based in Vietnam. Our solid foundation built with multi-disciplinary teams has extensive experience spanning investing, portfolio management, technical recruiting, communications, and marketing.
🤝 GTA Ventures will provide marketing opportunities for Bemil in Vietnam market. We sincerely look forward to establishing mutually beneficial relationships between GTA Ventures and Bemil.
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2Crazy is a Blockchain based gaming and live casino platform with a wide range of popular collections of best games online with a vision to build a unique NFT gambling platform with unique governance rewards and reward distribution mechanisms. 2Crazy has the objective of significantly contributing to drive the NFT space to fuel mainstream adoption and redefine the way online casinos work.
Backed by Twin Apex Capital, ICO Pantera, Exchange.bitcoin.com, Dark Pool, MDA Capital, MXC, Magnus Capital, Stakely, X21, Megala Ventures, Blocksync, Clouds Capital, Skynet , Orion Protocol, Exnetwork Capital, AU21, 2crazy team is striving to create an experienced of its kind.
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This post includes a recap of the live AMA session and features the questions asked by community members, as well as the answers.
Hey everyone, my name is March, the Global Communications Director of Standard (the first algorithmically backed rebase stablecoin). My job is to maintain dialogue with our wonderful KOLs across the world and maintain transparent and clear correspondence with both our investors and communities alike. I have been investing in the space since 2016, and have always believed in the value that can accrue to layer 1 chains. I have seen Alpha in the type of communities that are organically created onto these ecosystems. I am an early investor in Ethereum, NEO, YFI, etc, and Standard is the only crypto project I have ever joined at ground level. Quite simply, I have never seen a project that has strong local technical roots (Seoul, South Korea) as well as high community and investor engagement all around the world. On the former end, I believe I am witnessing the next blockchain tech genius in Hyungsuk Kang, and I want to be of service to his vision and problems he wants to solve within crypto. I am so excited to be here.
Standard in one sentence is an algorithmically backed stablecoin. It has the features of Dai, but with the elastic supply of Ampleforth. What makes us unique is our three token module system, which leverages blockchain levers from multiple ends. Users will primarily be participating in the standard governance token for staking and liquidity
The key phrases are our “three token system”, algorithmically backed, and liquidity provider abilities.
Standard is trying to solve the rebase issue associated with Algo rebatable stablecoins. It seems that the current algorithmic stablecoin focus only on automated price stability. Although they provide some interoperability between tokens with initial distribution via yield farming, there is still no sustainable way for them to interoperate in financial activities without the unsustainable level of token issuance distributed to staking pools. So that is the exact problem with automated price stability. How we plan to solve it is by rewarding oracle providers in a decentralized manner (● Current oracles are centralized, and there is no decentralized ecosystem to reward them). Standard Protocol proposes a reward mechanism in each era and slashes equivocation with the IQR rule. A more decentralized method to liquidate positions must be considered. Auction orders come in high volumes of collateral, which can lead to plutocracy. Incentive and reward mechanism for automated price stability is our key here.
Absolutely, we are benefiting from all the great sentiments in this new bull market.. and we have a team both technically and fundamentally that been in the market for the last few years. We eventually envision an entire “Standard” ecosystem, but we will first solve the issue of rebasing Algo stablecoin through collateral. We will need all the communities and our partners to help us achieve this vision 🙂
Personally, I am most focused on engaging with our KOLs and communities worldwide, to ensure adequate communication and information traverse. In terms of token economics, we have selected partners and investors who want to remain with us for the long term. There is a fair distribution among our investors and partners, and the key here is the emphasis on the long term. Eventually, the long term mindset will be rewarded by community growth and demand.
On that front, perhaps Standard can use its minted stablecoin (liter) to facilitate an insurance-based initiative. Our meter token is our algo stablecoin backed by collateral and can be used in ways that ensure some form of on-chain insurance mechanism. The current thinkings are still being built out.
That’s why we have a 3 token module ecosystem. Our minted stablecoin is by collateral from Liter (150% – similar to the MKR peg).. that will work in the way dai is insured 1 to 1 with USD
This is in line with our roadmap, where we emphasize the phases that we must achieve. I will write the roadmap now, but technically at the moment the team is hard at work focused on oracle modules and internal integrations
By Q2 of 2021, we want to have the Kusama parachain integrated, crowdloan built-in, etc. We have a chain bridge test run on Kusama and aim to run 1st council. Yield farming starts then.
By Q3, full integration of Polkadot parachain, and crowdloan.
By Q4, end of this year, we want yield farming to fully start on Polkadot parachains and have them connected. We want to apply Standard protocol to other ecosystems too, (Cosmos, Ethereum, etc).
The stablecoin will be part of our three token module system. The first token that will be released from this module is STND.. which is our governance token and available at IDO.
More liquidity and more users of our minted coin will naturally participate in the usage of STND..
We want an UX that users can participate seamlessly in our ecosystem.. this first few months is focus on exchange listing, IDO, and liquidity provisions
Our stablecoin will benefit from collateral to mint it similar to Dai, and can be used to facilitate other initiatives within our ecosystem
We will be issuing an audit soon after our IDO, and will always aim to maintain clear transparent dialogue with our communities
We are working out our ambassador programs. These are all in the groundwork for sure! Keep on the lookout for details on Twitter.
– Meter is the stablecoin which is synthetically generated by the protocol’s standard system. Holders can use MTR to use as a medium of exchange, buy bonds or farm tokens in the standard ecosystem.
– Liter is a liquidity provider token that represents a share from the AMM module, similar to LP tokens in Uniswap. It can be burned in AMM to receive deposited assets. Liter token can be used for yield farming.
– Standard is a network and governance token to use Standard protocol. Standard holders can stake for getting a block reward, participate in on-chain governance. Standard is used as a transaction fee.
Thanks to everyone in the community for their participation in the live AMA on GTA Community.
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Host: Thanh Le – Founder of GTA Ventures
Period: 9:00PM UTC + 7, April 28, 2021
Location: GTA Community Zoom Channel (update link in GTA Community Telegram)
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