Here is your Top Crypto News for the day.
1) Efinity Crowdloan is Live
Efinity has announced native crowdloan support through its polkadot.js wallet. Now the community can take part in voting. And do so in a decentralized way. Efinity has also increased the rewards pool. Supporters can claim from a pool of 200 million $EFI, which is 10% of the Total Supply. Additionally, the top 250 $DOT contributors can win a limited edition NFT.
About Efinity
Efinity is trying to solve some of the problems in the NFT space. It provides a user-friendly platform for the mainstream NFT experience.
Further, it helps developers to build NFTs on smart contracts. And Efinity is offering an interoperable platform with negligible gas fees.
2) CRYPTO.COM is Scaling Ethereum
The Ethereum Network is not slowing down. Although it suffers from higher gas fees than other blockchains. And some of the exchanges are shifting their focus to scaling solutions. Popular exchange crypto.com is leading the way.
Crypto.com is supporting Matter Labs to build zkSync. zkSync is the first EVM-Compatible ZK rollup.
About zkSync Protocol
zkSync is a Layer-2 scaling solution for Ethereum. Also, it maintains all the security features of Ethereum.
zkSync is live on Ethereum mainnet and has been since 2020.
Crypto.com has also announced an exclusive giveaway.
Loaded Lions
It is the first collection of 10,000 NFTs on the Crypto.org Chain. You can join the giveaway here.
3) Unbound Finance Partners with Avalanche
Unbound Finance integrates with Avalanche Network.
Unbound is the First-Ever-Debt-Free Liquidity Provisioning System. It is set to gain from Avalanche’s fast and low-cost ecosystem. Above all, Unbound will aggregate the Avalanche-based AMMs.
This is a great deal for Avalanche users. Currently, Avalanche has many AMMs like Trader Joe, Pangolin, Penguin etc.
Using Unbound, users can increase their existing yields. And users can stake their LP tokens as collateral to earn more rewards.
Unbound has a dual token economy. In this case, $UND is the stable coin and $UNB is the governance token.
Why Avalanche?
- Total Value Locked on Avalanche DEXs is around 10 billion dollars.
- Unbound can unlock this liquidity to mint $UND stable coin.
- Along with stable coins, users can mint uETH also.
4) Step Hero Announces GunFire Hero
Step hero is fast becoming a play to earn multiverse. And the popular NFT game has announced the launch of GunFire Hero. Which will become the first game in Step Hero’s multiverse.
Step Hero has a dual token economy. $STEP and $HERO tokens are available on Pancakeswap. $HERO has a total supply of 100 million and is trading around 68 cents. $STEP is the in-game currency and is trading near 7cents.
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