After making a daily high of $40,046, Bitcoin underwent a correction and is trading at $36,608. Meanwhile, the second-largest cryptocurrency, Ethereum is trading close to $2,558.
Let’s find out some interesting crypto news for today.
1- Zeroswap Announced to Launch on Polygon Chain
ZeroSwap has declared to launch on the Polygon chain (Formerly Matic). As per the tweet, this integration helps ZeroSwap to expand its features such as a bi-directional bridge, Initial DEX Offering, MultiChain Exchange, and more. ZeroSwap has designed its DEX token offering Platform, named ZeeDO, which will allow companies to launch tokens on multi-chains. As stated, users can access ZEE on Polygon Chain, and $ZEE holders can mint $ZEE tokens both on Ethereum chain to Polygon chain and vice versa.
Initially, ZEE ETH to ZEE MATIC transfer is available with instant minting options once transferred. Besides this, users can farm ZEE DFYN tokens on the DFYN exchange to earn 80% APR for 2 months until 26th July. Hence, this Bridge is a progressive step towards accessing multi-chain under one User Interface with the upcoming DEX. Additionally, ZeroSwap will enable the farming of Polygon compatible tokens in the near future.
2- Crypto.com Unveils Measures to Become Carbon Negative
Crypto.com has announced to become carbon negative in the next 18 months. As per the tweet, this Commitment is diversified into various phases as listed below:
- The first phase will center around the evaluation of the carbon generated through cryptocurrency trading, deposit, and withdrawal activities across all of Crypto.com’s platforms.
- The second phase will identify the most efficient methods to mitigate the carbon generated. The team will also take support from accredited organizations which are specialized in carbon offsetting and sequestration.
- The third phase will focus on the carbon generated through non-trading business activities conducted by Crypto.com. This includes marketing activities, business travel, workplace services, and more.
Notably, once this assessment is over, these figures will be included in Crypto.com’s carbon offsetting and sequestration program which will offset more carbon than is generated. In addition, a third-party auditor will be employed to offer accountability to Crypto.com’s customers and the broader public. Further, the team has plans to complete all three phases within 18 months. Crypto.com is one of the fastest-growing crypto apps, along with the Crypto.com Visa card, exchange, and DeFi wallet. Hence, this initiative may stimulate the exponential growth of the Crypto.com ecosystem.
3- Polygon Joins The Polkastarter Council to Boost IDOs & Web3 Ecosystem
Polygon has revealed to join the Polkastarter Council to boost its IDOs. Polkastarter is a fully decentralized protocol and its Council is an independent authority in the selection process for Polkastarter IDOs. While Polygon provides a Layer 2 Ethereum scaling solution with low gas fees. Collaboratively, both teams will work on a multi-chain ecosystem to increase the scalability, performance, and user experience.
This integration helps Polkastarter to launch a few of their projects with Polygon. These include projects such as EPNS, which is a protocol for decentralized notifications for Web3. Another one is Dfyn, which is a multi-chain DEX launched on the Polygon network. Next is Ethermon, which is an NFT application to catch, train, battle, and trade monsters. In addition, the team will enhance the IDOs and Web3 ecosystem.
4- Unmarshal | Binance Smart Chain Staking on Hot Cross
Unmarshal has declared to launch LP staking and single asset staking rewards program on BSC(Binance Smart Chain). With this launch, token holders can provide liquidity on Cross Pool by Hot Cross to earn $MARSH rewards. Moreover, Cross Pool is a segment of the Hot Cross product suite that offers a secure and decentralized way of rewarding users.
In addition, the protocol can operate on any EVM network and is used as a medium of distributing a new token and rewarding users for staking other LP or BEP20 tokens. As stated, this LP staking will begin on 31st May which includes $MARSH — $BNB LP or $HOTCROSS staking assets. The team has allocated a total of USDT 300,000 worth of $MARSH as a reward with a 30 Days time duration. Additionally, users can also supply liquidity to the MARSH-BNB pair to earn $CAKE-LP Tokens.
5- Oddz Finance Teams up with Elrond to Enhance Its Options Trading Platform
In the last bit of crypto news for today, we have Oddz Finance collaborating with Elrond to scale its on-chain options trading platform. Moreover, Oddz Finance offers a one-stop shop to create and execute trustless option contracts securely. With this coalition, Elrond blockchain would integrate into the Oddz platform, which will facilitate options trading for Elrond assets. In addition, users can enjoy Elrond’s high performance and low-cost transaction fees. Further, this will help Oddz’s options traders to execute contracts in a simple and Maiar secured platform. Collaboratively, both ecosystems will utilize vital tools, which will increase their mass adoption.
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