Monday, June 9, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Binance Launchpool Announces Plans To Roll Out Trading Support for New Ethereum-Based Synthetic Dollar Protocol

March 31, 2024
in Altcoin
Reading Time: 2 mins read
0 0
A A
0
Home Altcoin
Share on FacebookShare on TwitterShare on E Mail


High world crypto change Binance has introduced plans to help a brand new Ethereum (ETH)-based altcoin by way of its Launchpool platform.

Binance Launchpool, which lets customers stake cash to farm new belongings, says its fiftieth undertaking shall be Ethena (ENA), an artificial greenback protocol.

Ethena goals to offer a crypto-native resolution for cash not reliant on conventional banking system infrastructure by way of an artificial greenback referred to as USDe. The protocol additionally gives a dollar-denominated financial savings instrument referred to as “the Web Bond.”

Explains the undertaking’s whitepaper,

“The ‘Web Bond’ will mix yield derived from staked Ethereum in addition to the funding and foundation unfold from perpetual and futures’ markets, to create the primary on-chain crypto-native ‘bond’ that may operate as a dollar-denominated financial savings instrument for customers in permitted jurisdictions.”

Between March thirtieth and April 2nd, Binance customers can stake BNB in addition to the stablecoin First Digital USD (FDUSD) into separate swimming pools to farm ENA. The change then plans to record the asset on April 2nd.

Binance will connect a seed tag to ENA, which the change applies to lower-liquidity tasks that will exhibit increased volatility in comparison with different listed tokens. Binance requires customers who personal belongings with seed tags to go quizzes each 90 days to make sure they’re conscious of the dangers earlier than buying and selling the tokens.

Do not Miss a Beat – Subscribe to get e-mail alerts delivered on to your inbox

Verify Value Motion

Observe us on Twitter, Fb and Telegram

Surf The Every day Hodl Combine

&nbsp

Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses it’s possible you’ll incur are your accountability. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in internet affiliate marketing.

Generated Picture: Midjourney



Source link

Tags: AnnouncesBinancedollarEthereumBasedLaunchpoolplansprotocolRollSupportSyntheticTrading
Previous Post

Robert Kiyosaki Urges Ditching US Dollar for Bitcoin — Warns Boomers’ Retirements Going Broke as Paper Assets Crash

Next Post

Oscar Ramos Analyzes This New Low Market Cap Crypto Gem – Dogecoin20 Presale Review

Related Posts

Coinbase Adds PancakeSwap to Listing Roadmap As BNB Chain DEX Surges to Record $173,000,000,000 in Monthly Volume
Altcoin

Coinbase Adds PancakeSwap to Listing Roadmap As BNB Chain DEX Surges to Record $173,000,000,000 in Monthly Volume

June 7, 2025
Analyst Michaël van de Poppe Says Bitcoin Is About To Go Higher, Updates Outlook on Sui and One Low-Cap Altcoin
Altcoin

Analyst Michaël van de Poppe Says Bitcoin Is About To Go Higher, Updates Outlook on Sui and One Low-Cap Altcoin

June 6, 2025
Yuga Labs Shuts Down ApeCoin DAO—ApeCo to Take Control
Altcoin

Yuga Labs Shuts Down ApeCoin DAO—ApeCo to Take Control

June 6, 2025
US Crypto Groups Pushes to Shield Devs in CLARITY Act
Altcoin

US Crypto Groups Pushes to Shield Devs in CLARITY Act

June 7, 2025
Uber Explores Stablecoins to Cut Global Payment Costs
Altcoin

Uber Explores Stablecoins to Cut Global Payment Costs

June 8, 2025
ZK-Proof Blockchain Altcoin Lagrange (LA) Lifts Off Following Announcement of New Coinbase Support
Altcoin

ZK-Proof Blockchain Altcoin Lagrange (LA) Lifts Off Following Announcement of New Coinbase Support

June 8, 2025
Next Post
Oscar Ramos Analyzes This New Low Market Cap Crypto Gem – Dogecoin20 Presale Review

Oscar Ramos Analyzes This New Low Market Cap Crypto Gem - Dogecoin20 Presale Review

Can investors face euphoric market conditions safely?

Can investors face euphoric market conditions safely?

Consensys to SEC: Recognize the Advanced Safeguards Inherent in Ethereum’s Design

Consensys to SEC: Recognize the Advanced Safeguards Inherent in Ethereum’s Design

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In