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Mantle launches liquid staking protocol on Ethereum Mainnet

  • Mantle’s liquid staking protocol (LSP) launched on the Ethereum blockchain.
  • The launched LSP is a non-custodial liquid staking protocol.
  • The Mantle liquid staking protocol is governed by its decentralized autonomous organization (DAO).

Decentralized autonomous organization Mantle has introduced a groundbreaking liquid staking protocol on the Ethereum mainnet. This move follows a successful deployment of a Layer 2 network and aims to provide users with a new method of participating in-network staking.

Mantle’s approach addresses concerns about the concentration of staked assets in major providers like Lido, Coinbase, and Binance, offering an alternative solution through their liquid staking derivative, Mantle-staked ether (mETH).

Mantle’s liquid staking protocol on Ethereum

The liquid staking protocol (LSP) launched by Mantle on the Ethereum mainnet is a non-custodial protocol that allows users to deposit ETH and engage in network staking via validator nodes while receiving Mantle-staked ether (mETH) as a token reflecting their stake.

Mantle’s LSP began its journey with the deployment of mainnet contracts in an exclusive alpha phase in October, subsequently transitioning to a permissionless phase to broaden access and participation. This innovative protocol is governed by the Mantle decentralized autonomous organization, emphasizing a community-driven approach to decision-making.

Addressing stake concentration with mETH adoption

One of the primary motivations behind Mantle’s liquid staking protocol is to tackle the concentration of ether stakes within major providers such as Lido, Coinbase, and Binance. According to Jordi Alexander, Chief Alchemist at Mantle, the concentration issue results from a feedback loop of increasing name recognition and use case.

To counter this, Mantle is focusing on the adoption of Mantle-staked ether (mETH) in the Liquid Staking and DeFi (LSDfi) ecosystem. The protocol aims to contribute to the solution by providing users with more options and enhancing capital efficiency to maintain sustainable yields. The Mantle DAO, empowered by the approval of governance proposal MIP-25 in August, has decided to stake ether from its treasury, adding to its existing $80 million in ETH staked with Lido Finance.

As a significant player in the crypto space, with assets totalling $470 million in ether and over $200 million in stablecoins, Mantle’s strategic approach to liquid staking marks a pivotal development in the ongoing evolution of decentralized finance on the Ethereum network.

The post Mantle launches liquid staking protocol on Ethereum Mainnet appeared first on CoinJournal.

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Illuvium partners with Team Liquid to bring Web3 game to the mainstream

  • Illuvium has partnered with Team Liquid to unveil the Early Access release of Illuvium: Arena game.
  • The partnership with the esports platform will see streamers limit-test Illuvium: Arena’s competitive modes.
  • Fans will have a chance to acquire limited-edition Team Liquid digital collectibles called Illuvitars.

Illuvium, a decentralised gaming platform on Ethereum, has teamed up with esports heavyweights Team Liquid for limit-testing of the Early Access release of its Illuvium: Arena game.

In an announcement shared early this week, Illuvium said the partnership with Team Liquid is a key step towards bringing blockchain gaming to the mainstream audience. 

Team Liquid is a top esports team, with over $47 million won in prizes, while Illuvium (ILV) is one of the top GameFi projects in the crypto gaming industry.

Team Liquid streamers to test Illuvium: Arena game

In the early access phase, integration with Team Liquid will see eight streamers explore and test the Illuvium: Arena game’s competitive modes – Auto Battler and Overworld.  Those to take part in the auto battle game include Midbeast, Broxah and SnoodyBoo.

Currently specialising in Teamfight Tactics, Hearthstone, and League of Legends, the streamers will showcase Arena’s competitive mode to their audience. Illuvium believes this integration will help correct “the perception that blockchain games do fall short of the quality and allure of traditional AAA titles”

Commenting on this, and what its partnership with Team Liquid means for blockchain gaming, Kieran Warwick, co-founder and CEO of Illuvium, said:

“Overcoming the scepticism around blockchain games is crucial, and the way forward is by delivering exceptional gaming experiences. Our collaboration with Team Liquid is a significant milestone in demonstrating that blockchain games, including those with NFTs, can offer engaging and deep gameplay experiences on par with traditional games.”

Fans can acquire Illuvitars

Illuvium combines an immersive gaming experience with the benefits of decentralised finance (DeFi) and non-fungible tokens (NFTs) in a gaming universe that has Illuvium: Zero, Illuvium: Overworld, Illuvium: Beyond and Illuvium: Arena.

Players can trade in-game assets for real-world currency on the gaming platform’s marketplace IlluviDEX. Integration with layer-2 platform ImmutableX allows for peer-to-peer trading and zero gas fees.

With the integration with Team Liquid, fans have a chance to acquire Illuvitars, limited-edition Team Liquid digital collectibles. Demand for Illuvitars is high given their capacity to unlock unique in-game features in the Illuvium Universe.

The collectibles will be available from December 12th.

Illuvium has previously collaborated with retail gaming giant GameStop, and this release comes after three years of development and $60 million investment.

It also follows Illuvium’s listing on the EPIC store, putting the blockchain game alongside mainstream titles such as Fortnite, Destiny 2 and Assasin’s Creed.

The post Illuvium partners with Team Liquid to bring Web3 game to the mainstream appeared first on CoinJournal.

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SEI, TIA, and Bittensor lead altcoins surge; Everlodge brings Airbnb opportunities to web3

  • Recent network upgrade propels Celestia’s (TIA) demand.
  • SEI hits an all-time high at $0.295, showcasing a remarkable 151% monthly surge.
  • Everlodge (ELDG) redefines real estate investment bringing AirBnb opportunities to Web3.

In the dynamic landscape of the cryptocurrency market, altcoins are making significant strides, capturing investor attention and defying Bitcoin’s dominance. Notable performers include Sei (SEI), Celestia (TIA), and the groundbreaking Bittensor (TAO).

Additionally, Everlodge introduces a unique investment opportunity with its ELDG presale, revolutionizing fractional ownership in the real estate space.

Celestia (TIA): riding high on network upgrade

Celestia (TIA) has emerged as a strong contender, enjoying a steady 211.3% increase over the last 30 days amidst the recent crypto market turbulence.

The token’s surge is partly due to the recent upgrade featuring a modular data availability network propelling TIA’s demand. With a market cap of over $1 billion, Celestia showcases vibrant market interest.

Technical analysis suggests potential bullish trends, emphasizing TIA’s resilience and growth potential.

Sei (SEI): record-breaking surge with growing social buzz

Sei (SEI) has recently hit an all-time high of $0.295, boasting a remarkable 151% monthly surge.

Despite having only a fraction of its total supply (1.8 billion out of 10 billion SEI tokens) in circulation, the altcoin’s market cap has surged to $535 million. Fueled by a major investment from Circle, SEI’s social buzz is growing, with platforms like X and Telegram witnessing increased chatter. Technical analysis points to a potential further uptrend if SEI breaks past key resistance levels.

Bittensor (TAO): pioneering AI integration in blockchain

Bittensor (TAO) stands out as a cutting-edge protocol designed to advance machine learning models on the blockchain. Experiencing notable traction, TAO’s value surged by 254.5% over the last 30 days.

With a unique focus on merging blockchain and artificial intelligence, TAO presents a fresh perspective. The recent surge highlights growing interest in cryptocurrencies leveraging AI to reshape finance and technology.

Everlodge (ELDG): redefining real estate investment

While Celestia, Sei, and Bittensor surge, a new web3 project, Everlodge, is creating a buzz with its revolutionary approach to real estate investment. The project is currently creating waves with its ELDG presale.

Combining fractional ownership, timeshare, and NFT technology, Everlodge digitizes properties into NFTs, allowing users to fractionally invest in hotels, vacation homes, and luxury villas on the blockchain.

The ELDG token features discounts, rewards, and staking opportunities, offering a comprehensive ecosystem for users. With a dynamic pricing model, Everlodge plans to raise $12 million during the presale, aiming for a Uniswap launch and listing on Tier-1 exchanges.

Should you invest in Everlodge (ELDG)?

As the crypto market witnesses the surge of altcoins like SEI, TIA, and the innovative approach of TAO, investors are eyeing opportunities beyond traditional cryptocurrencies.

Everlodge, with its ELDG presale, presents a unique investment opportunity. The platform’s integration of blockchain technology and real estate opens new avenues for fractional ownership, providing users with diverse income-generating options. The ELDG token’s utility, backed by a comprehensive ecosystem, positions Everlodge as a disruptor in the real estate investment space.

In a market flooded with various cryptocurrencies, Everlodge stands out by addressing tangible assets and bringing them to the blockchain, offering investors exposure to the lucrative real estate market in a decentralized manner.

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Ethereum monopoly talk sparks SEC concern; whales monitoring Borroe Finance presale

In the dynamic and often unpredictable world of cryptocurrencies, Ethereum has recently found itself at the centre of a complex monopoly debate, closely watched by the SEC. 

Simultaneously, in the bustling DeFi and NFT markets, BorroeFinance’s ($ROE) presale is turning heads, especially among crypto whales. Let’s delve deeper into these trending topics and what they mean for the savvy crypto investor.

The Ethereum monopoly controversy: a balancing act

Ethereum, a powerhouse in the crypto realm, is currently walking a tightrope in the monopoly debate sparked by many stakeholder-pointed criticisms on Twitter. The issue at hand? Ethereum’s stance on monopolies, especially in light of the SEC’s alleged preferences.

Ethereum’s efforts to refute claims of an SEC-led monopoly within its network have opened a Pandora’s box of discussions. This becomes particularly intriguing when contrasted with Ethereum’s acknowledgement of the DTCC’s monopoly in financial services. 

It’s a twist that has the crypto community buzzing: Ethereum, once dismissing the notion of an SEC monopoly as far-fetched, now finds itself in a nuanced debate over market dominance and regulation.

This situation isn’t just a regulatory tussle; it’s a narrative that could shape Ethereum’s path forward and its role in the broader financial landscape. How Ethereum navigates these choppy waters could be pivotal for its future and the blockchain industry as a whole.

BorroeFinance: the presale catching whales’ eyes

As Ethereum faces its challenges, BorroeFinance ($ROE) is emerging as a fresh face in the crypto scene, drawing significant attention in its presale phase – particularly from the big players, the crypto whales. This interest is a strong indicator that Borroe Finance might be the next top crypto coin to buy.

What sets Borroe Finance apart? It’s an innovative blend of AI and blockchain, offering a unique approach to DeFi and NFTs. This isn’t just about creating another digital currency; it’s about reimagining financial solutions for the future. 

BorroeFinance’s approach to monetizing future earnings through NFTs is not only groundbreaking but positions it as a top NFT investment and one of the best crypto investments available, evidenced by its impressive presale haul of over $1.7 million.

Why crypto whales are betting on Borroe Finance

The attention from crypto whales is more than just market hype; it’s a testament to Borroe Finance’s potential. When whales take notice, it usually means they see long-term value and growth opportunities. 

This level of interest from seasoned investors underscores Borroe Finance’s appeal as a promising investment, blending emerging tech trends with robust financial applications.

Borroe Finance’s ability to attract such attention highlights a shift in the crypto market towards platforms that are not just technologically advanced but also offer practical, scalable solutions. This makes Borroe Finance an enticing option for those looking to diversify their portfolio with innovative and forward-thinking digital assets.

Final thoughts

In the world of crypto, where change is the only constant, Ethereum’s monopoly debate and Borroe Finance’s presale success offer a snapshot of the market’s diversity and complexity. Ethereum’s ongoing saga with the SEC provides crucial insights into the evolving relationship between leading blockchain platforms and regulatory bodies. 

At the same time, Borroe Finance’s rise exemplifies the market’s appetite for innovative projects that push the boundaries of traditional finance.

For the modern investor or crypto enthusiast, these developments represent exciting opportunities to engage with the market’s evolving narrative. Whether it’s keeping an eye on Ethereum’s next moves or considering a stake in Borroe Finance’s promising venture, staying informed and adaptable is key in the ever-changing crypto landscape. 

As we move forward, these stories offer investment opportunities and shape the future of digital finance. The crypto journey is ever-evolving, and being part of it has never been more exciting.

To learn more about BorroeFinance ($ROE), Visit BorroeFinance Presale | Join The Telegram Group | Follow BorroeFinance on Twitter

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