Top Crypto News: 05/07

At the time of publication, Bitcoin is trading at $57,717. Meanwhile, Litecoin and Cardano made a new all-time highs and are trading close to $347 and $1.65, respectively.

Let’s find out some interesting crypto news for today.

1 – Dafi Protocol | Polkalokr Partnership to Enhance Staking Model With dTokens

Dafi Protocol partnered with Polkalokr to integrate dTokens within their ecosystem. With this coalition, Polkalokr will utilize Dafi Protocol’s synthetic dTokens to design the dLKR tokens. Further, these dLKR tokens will operate to maintain the supply/demand of the Polkalokr platform. This would help Polkalokr to utilize Dafi’s reward network for reducing hyperinflation to maintain the token’s value. Polkalokr is a multi-chain token locking and escrow platform with inbuilt privacy features. Hence, dLKR tokens would help to build feasible incentives and an economic model to reward the long-term users, which will spur the token’s utility.

2 – Visa | Tala | Stellar | Circle Collaboration to Empower Underbanked Customers

Visa partnered with Tala to stimulate crypto adoption for underbanked customers. As per the tweet, this collaboration also includes Circle and the Stellar Development Foundation to expand digital currency adoption. Tala is one of the leading personal finance apps that assists the global underbanked population. Hence, this coalition helps Tala to provide access to the crypto ecosystem for underbanked consumers. Users can utilize Tala’s digital wallet to access and store USDC along with other crypto assets. In addition, Tala’s wallet integration with Visa cards empowers customers to spend USDC at 70 million merchants worldwide.

3 – B21 | Celsius Network Integration to Launch One-Click Staking Earn Feature

B21 partnered and integrated with Celsius Network to launch a one-click staking feature. Collaboratively, the team will launch a new Earn feature, which allows users to earn a weekly yield. Moreover, users can stake their entire portfolio in a single click to earn lucrative rewards. B21 Invest offers a highly secure platform to buy and manage crypto assets swiftly across 82 countries. With this integration, B21 mobile app users can utilize the Celsius earning model to earn up to 18% APY on all their crypto assets. In addition, the Celsius earning model offers other profitable rewards such as weekly payouts, no minimum balance restrictions, asset transfers and withdrawals at any time, and more.

4 – NFTify Teams With MANTRA DAO to Launch N1 Staking Pool on NFT Services Ecosystem

NFTify collaborated with MANTRA DAO to launch the N1 staking pool to their NFT services ecosystem. As per the tweet, this N1 staking pool is found on MANTRA DAO where users can stake N1 tokens to earn passive income. NFTify is a one-stop-shop to create an influential NFT marketplace and brand. Moreover, NFTify joins the next-generation blockchain with Web 3, which helps in highly secure, transparent, and copyright-protected NFT transactions.

5 – Polygon | SushiSwap Launch Liquidity Mining Pool With $30M USD in Rewards

In the last bit of crypto news for today, we have Polygon launching joint liquidity mining on SushiSwap. SushiSwap is a community-driven all-in-one decentralized exchange that allows users to swap, earn, stack yields, and many more options. Collaboratively, the team has launched a $30 million liquidity mining program with diversified pools. Initially, these pools consist of ETH-MATIC, ETH-WBTC, ETH-USDC, ETH-USDT, ETH-DAI, and ETH-AAVE. Polygon offers an Ethereum scaling framework to create and connect blockchain networks. Hence, this coalition will develop an advanced infrastructure to boost mainstream blockchain adoption.

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