Linear Finance started their journey with the aim of building a synthetic asset protocol that would actually be used seamlessly and effectively, they faced some challenges that existed in that sector such as the problem of front running caused by traders taking advantage of slow price updates. The Linear team believes Band Protocol to be one of the strongest solutions for scalability and such has partnered with them.

The Linear Finance team hope to leverage some of Bands protocol use cases such as high throughput and latency with low block times without compromising on cost effectiveness as offered by Band Protocol. Band Protocol will help them deal with the problem of front runners, making Linear Finance protocol safer for traders and stakers in the network.

“Front running is a fundamental problem not just for current synthetic asset trading but all trading in general. We know that even if Linear offers all the benefits of cross-chain compatibility (such as speed and cost), and a superior creative selection of synthetic assets, trading will still be meaningless for users if trades can be front run. The whole system would still be fraught with risk. By collaborating with Band Protocol for our BSC integration and onwards, together we are able to build a safer and scalable trading protocol.” Drey Ng, Co-Founder at Linear Finance said.

This partnership will allow Linear Finance to easily integrate with other great projects to build a synthetic asset trading platform that is faster, safer, and cheaper than existing alternatives.

Soravis Srinawakoon, CEO and Co-Founder at Band Protocol said: “Band Protocol is thrilled to be chosen by Linear Finance as an oracle partner for their upcoming Mainnet launch. The partnership will begin with securing their synthetic asset protocol on Binance Smart Chain and expansion to other major blockchain platforms. Both teams are also researching extensively into mitigating the frontrunner problem for all synthetic asset trading platforms.”

 Linear Finance

Linear Finance is the first cross-chain compatible decentralized synthetic asset protocol to create, trade, and manage synthetic assets (Liquids), and acts as a faster, cheaper, safer, and easier to use alternative compared to other synthetic asset protocols. Our goal is to democratize investment assets and provide creative thematic exposures to our users while also solving existing scaling/high gas fee issues and increasing composability.

https://linear.finance/

https://t.me/linearfinanceannoucements

 Band Protocol

Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle.

https://bandprotocol.com/

https://t.me/bandprotocol

They decided to move the funds across different platforms so as to get the funds off Binance Smart Chain, most of the funds were swapped to the Ethereum blockchain and some sent to the Binance’s centralized bridge and two other cryptocurrency exchanges. Funds sent to Binance were reportedly frozen.

On-chain analysis helped the Binance team identify the owners of those addresses and who the creators of the platform were, they were notified and they have returned funds to Binance. All funds returned will be given back to the owners after most of the funds converted to other tokens must have been converted back.

The Defi world is filled with scams like this, where platform owners sell the dream to the investors only to later try to make away with people’s funds, sometimes it’s an unaudited Smart contract with a technical bug being found by hackers and they take the opportunity to exploit the bug, and investors are left hanging.

On chain analysis has also proven itself to be a smart tracker of this funds down to the owners of the wallets, in cases of the hack of dForce or bZX’s, they helped them to identify and catch the perpetrators.

Binance, the parent company incharge of the Binance Smart Chain has also stated that they do not hold any central power over the blockchain with regards to controlling funds. Hacked funds that make it to Binance cryptocurrency exchange can be frozen since it holds the power to a centralized exchange or body. However, Binance controls a large portion of BNB stake which makes it control a large portion of the validations on the network and Binance CEO, Changpeng Zhao refers to it as “Centralized Decentralized Finance “.

The DEX known as SparkSwap will allow instant conversions of multiple Cryptocurrencies in a trustless and decentralized manner, it will allow users who provide liquidity to earn from the trading fees generated.

Multi-Staking would allow participation in the liquidity staking pools to earn both SRK, their official erc-20 tokens and SFuel, the DeFi Ecosystem Token.

P2P Lending and Borrowing will allow investors  to use all coins and NFT’s to borrow funds as collateral. They can also use Crypto Collectibles such as Game items, Virtual estate and Digital artworks as collaterals for borrowing from their protocol.

You can get more info from their official medium article.

SPARK-DEFI ROAD MAP

Along with the launch of the website, the SparkPoint team also released their official road map for the Spark DeFi.

SFUEL TOKEN

SFuel is a SparkPoints SparkDefi governance token that comes with a total supply of 150,000,000. It will be launched on the Binance Smart Chain (BSC)  as a BEP20 token in Q4 of 2020. Team has delegated 20% of total tokens for sale through an Initial DEX Offering (IDO). The sale will be conducted as a private sale for early adopters first targeted Crowd Funding is $950,000. The private sale would be conducted at a price range of $0.03 and 0.06 respectively while the IDO would be at $0.15.

SRK holders will be given priority in the private sale and are entitled to a quarterly airdrop distribution beginning this Q4 2020.

This new feature will allow Binance tokens users to simply stake their tokens and in exchange, earn an interest which Will be calculated and paid out daily. The interest starts to accrue at 0.00 AM (UTC) on the 2nd day after one has staked their BNB. Users will get their income payments starting on the 3rd day of staking.

Funds staked can be tracked through their tokens via the platforms vault page>my share. Staked BNB tokens will allow the users to earn such incentives as VIP rights, launch paid holding position, airdrops, and daily BNB balance calculation. BNB tokens staked can also be unstaked at any time they want from the vault.

“BNB Vault Is a Capital-Guaranteed Investment Product With Flexible Access. It Integrates Various Binance Products to Maximize the Income Potential of Your BNB From Both Centralized and Decentralized Finance in Just One Click.”

This development will boast Binance token ecosystem,  even boosting the user case of BNB and this too is in line with the exchanges effort to integrate Defi projects through the recently launched Binance Smart Chain (BSC). The smart chain hosts multiple yield farming projects which includes the likes of pancakes and burger swap.

Binance Smart Chain (BSC) is fully compatible with Ethereum Virtual Machines (EVM) and therefore can function with Ethereum tools and decentralized applications (DApps), making it easier for developers to Port their projects over from Ethereum blockchain Network.

The release is in alpha mode and hasn’t been audited according to the official announcement. The first product built on top of Gravity is SuSy, a protocol and interface for cross chain gateways with the Waves as origin and Binance Smart Chain as the destination chain. The mainnet alpha is currently accessible through susy.gravity.tech and it provides an interface that enables users to swap USDN tokens from Waves to BSC. USDN’s on the Binance Smart Chain incorporates an identical functionality as on Ethereum, which includes auto staking, elastic supply, and staking rewards that are automatically distributed among all holders.

The announcement also stated that users who are already providing liquidity for USDN in supported pools such as Pancakes Swap, StableX and Burgers Swap can expect to be rewarded for their important work although no mention of what they will receive was stated.

Future development on susy.gravity.tech will allow all major tokens on the Waves ecosystem such as NSBT, WEST, ERGO, and SIGN to be swappable on the swap portal. Tokens issued via the SuSy gateway will also be made available on  popular AMM services such as Pancake Swap, BurgarSwapp and StableX.

About Gravity Protocol

A blockchain-agnostic oracle system that supports communication of blockchains with the outside world, cross-chain communication, and sidechains within a single unified structure.

Website : susy.gravity.tech

Telegram : https://t.me/gravity_protocol

Twitter : https://twitter.com/ProtocolGravity

The AVA token had migrated to Binance Chains BEP-2 protocol back in 2019 and since then has leveraged the Binance world class architecture which includes leading trading technology and security with a simple-easy to interact interface.

Following the recent release of the Binance Smart Chain (BSC) BEP-20 protocol, AVA tokens has become one of the most latest Crytocurrency to migrate among other projects. The Binance Smart chain will operate in a parallel side by side manner with the Binance Chain. The Binance Smart Chain provides its users with a renown, rapid trading system with an example of the Binance Dex which is built on the Binance Chain. The Binance Smart Chain provides its users with low fees prices and decentralized features. 

Following this launch, the total supply of AVA Token on the Binance smart Chain (BSC) will match that of the Binance chain thereby enabling users to easily swap from the BEP-2 AVA tokens to the BEP-20 AVA tokens and vice-versa. The ability to seamlessly swap from the protocol to the other allows users to swap for any reason possible either for trading on the Binance chain or utilizing the decentralized features on the Binance Smart  Chain(BSC).

Travala.com continues to follow current trends and has continued to get involved in Partnership, that help them to build their system, and one of the latest on their table as outlined in White Paper is a decentralized travel ecosystem which would include decentralized accommodations bookings, reviews, referrals, governance among many other development.