At the time of press, Bitcoin is trading close to $47,750. Meanwhile, the cryptocurrency market cap surged to a new high of over $1.5 trillion.
Let’s find out some interesting crypto news for today.
API3 partnered with Harmony Protocol to provide decentralized data dapps on the ONE blockchain. As per the tweet, Harmony integrates API3 decentralized APIs which provide highly reliable, transparent, and decentralized data to the projects built on top of Harmony. Additionally, this partnership will deliver quantifiably secure data that caters to Web 3.0 for users through Harmony’s fast block times and low gas fees. Additionally, the API3 DAO will co-host a hackathon with Harmony featuring an Airnode-enabled API.
PAID Network partnered with Egoras, a blockchain-based microfinance protocol. As per the tweet, Egoras will employ PAID SMART Agreements to increase transparency for business agreements. Apart from SMART Agreements, this partnership also provides features such as reputation scoring and insurance. Additionally, PAID SMART Agreements will support Egoras for bringing off-chain agreements on-chain, which will boost the transparency of the lending process. The team also has further plans to explore the Paid reputation scoring system, which will provide more reliability to claimants of micro-loans and help the ecosystem to scale globally.
Reef Finance announces the launch of Reef Bonds for flexible DeFi investment. As per the blog, users can stake their assets with Reef Bonds and earn profitable returns. Moreover, users will be able to track their earnings directly from the app. Users can also choose the flexible lock-up periods to invest, such as six months, one year, and two years. The longer the locking period, the higher the APY users will get. Once the bond period expires, users will get their initial stake and the farmed tokens together.
CoinMarketCap partnered with BAND Protocol to deliver extremely authentic price data on-chain. Collaboratively, the team will develop a solution for institutional data providers to integrate secure smart contracts swiftly on any blockchain platform. Additionally, both are also planning to launch BandChain Phase 2 where CoinMarketCap will commercialize their data via APIs and automatically manage funds on-chain.
Injective Protocol teamed up with Marlin Protocol to fix latency issues in DeFi trading. As per the tweet, users will be able to communicate with exchange nodes within a matter of milliseconds with Marlin’s plug-and-play SDK. In addition, users can explore new derivative products that transact with the POND token, which serves to enhance the utility of POND.
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