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Team Behind Top Lending Protocol Launches Suilend On Sui | EVM News

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Grand Cayman, Cayman Islands, March 11th, 2024, Chainwire

The Suilend lending protocol is Solend’s first venture outside of the Solana ecosystem underscoring confidence in Sui’s technology

Suilend, Solend’s first expansion outside the Solana ecosystem, officially launched today on the Sui Network. Solend, which boasts over $200 million in total value locked (TVL) across 170,000+ users with support for 70+ assets, now brings its unparalleled DeFi expertise and experience building industry-leading lending protocols to the Sui ecosystem in a move that adds to the quickly expanding depth of the Sui ecosystem. 

Discussing the launch, Rooter, the pseudonymous Founder of Solend, said, “Developing on Ethereum and Solana felt like building a cathedral with chisels and hammers. That’s not to say you can’t build great things — cathedrals are some of the most beautiful human achievements. But we want to build rocket ships, and for that, you need advanced tools like laser cutters and welders. That’s what Sui and Move offer with better developer tools.”

The announcement follows hot on the heels of Bluefin, a burgeoning DEX with daily volumes exceeding $100 million, committing exclusively to Sui over Arbitrum for its V2 development and unveiling its roadmap into 2024.

Security is a distinct focus for participants in the DeFi space, and with the launch of Solend on Sui, the protocol is leveraging a network in Sui that has industry-leading security. By launching on Sui, Solend capitalizes on the inherent security features integrated into the Move language, which provides built-in protections for its smart contracts. Additionally, partnerships with leading blockchain security firms, Zellic and Ottersec, entail rigorous audits of projects like Suilend, ensuring adherence to the highest security standards.

Suilend will also benefit from Sui’s parallel processing for most transactions. Sui boasts the lowest levels of latency in the industry and facilitates horizontal scaling, achieving a peak throughput of up to 297,000 transactions per second and a time-to-finality of approximately 480 milliseconds. 

“We are delighted to welcome a protocol with the background of performance and success of Suilend to the Sui ecosystem,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s blistering transaction speeds, infinite scalability and pervasive efficiency are tailor-made for DeFi projects like Suilend, and we look forward to watching their continued growth and success on Sui.”

This strategic move comes as Sui recently surpassed the $500 million Total Value Locked (TVL) milestone, firmly establishing itself within the top 10 DeFi ecosystems globally. Over the past month alone, a staggering $310 million in assets has migrated from Ethereum to Sui via Wormhole, eclipsing all other blockchain transfers combined, signaling the growing trust in the ecosystem’s DeFi capabilities.

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Sui Foundation
media@sui.io


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Donald Trump Champions Bitcoin: Calls For Bitcoin As Strategic Reserve Asset | EVM News

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Former President Donald Trump has expressed strong support for Bitcoin, suggesting it should be considered a strategic reserve asset. He warned that restricting Bitcoin’s growth would benefit China and Russia.

Donald Trump, the 45th President of the United States, is known for his outspoken views on a wide range of topics. Historically, Trump has been skeptical of Bitcoin and cryptocurrencies, labeling them as volatile and potentially fraudulent. However, his recent endorsement of Bitcoin as a strategic reserve asset marks a significant shift in his stance, highlighting the evolving perception of digital currencies in the global financial landscape.

Former President Donald Trump has again shown strong support for Bitcoin. He said that Bitcoin could be considered a strategic reserve asset, according to a Forbes report.

Sam Lyman, the policy director of top bitcoin mining firm Riot, responded to this recent stance of Trump & said that Trump acknowledged Bitcoin’s geopolitical significance and warned that policies hindering its growth would benefit China and Russia.

Trump’s endorsement positions him as the first major political party nominee to embrace Bitcoin in the USA, likely aiming to gain support from cryptocurrency enthusiasts in the upcoming US presidential election. This move highlights his recognition of Bitcoin as a strategic reserve asset and seeks to appeal to the growing community of crypto supporters.

Cynthia Lummis’s support for Bitcoin 

The US Senator Cynthia Lummis from Wyoming, known as the “Crypto Queen” of Congress, has recently suggested that the Federal Reserve diversify its foreign currency holdings by adding Bitcoin to its balance sheet. Lummis believes Bitcoin is an excellent store of value and advocates for the government to diversify its investments to include the cryptocurrency.

These days, Cynthia is planning to appear at a major Bitcoin-focused event to share her thoughts on the future of Bitcoin adoption in the US under the new crypto bill.

Read also: Ethereum Surges 100% Against Bitcoin in Annual Revenue from Transaction Fees




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E Money Network Launches $2 MILLION RWA Grant Program To Spearhead RWA Ecosystem | EVM News

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Bengaluru, India, July 3rd, 2024, Chainwire

E Money Network, a modular RWA blockchain, has launched the biggest RWA grant program in the crypto space, totaling $2 million, to enable RWA projects to build on their blockchain and accelerate the development of the RWA economy. 

E Money Network’s Architecture Unlocks a World of Possibilities

E Money Network is an L1 blockchain that acts as a foundational network for building RWA projects. Apart from a developer-friendly SDK for customized features, it also has standard ready-made modules such as KYC verified onboarding, banking, staking, governance and more that can be incorporated directly into applications. The E Money Network supports interoperability with Inter-Blockchain Communication (IBC), allowing the development of applications that can communicate with other IBC-compatible blockchains. 

E Money Network has built-in compliance modules including Know Your Customer (KYC), Know Your Ownership (KYB) and Know Your Transaction (KYT) to enable adherence to the upcoming Markets in Crypto Assets (MiCA) regulations. These features ensure that every entity and transaction in an application built on the E Money Network is also MiCA compliant by default. 

Objectives of the Grant Program 

As a part of its #BUIDLonEMN initiative, E Money Network invites developer teams with disruptive RWA-centric ideas to build on the E Money Network and bring innovative solutions to life. Applicants can submit Requests for Proposals (RFPs) detailing their ideas for RWA applications . Its $2 million grant pool will be distributed as initial capital among eligible projects.

E Money Network’s CEO Raj Bagadi quoted “RWA ecosystem is in its nascent stages, and building the RWA ecosystem with numerable RWA-specific applications will help in shaping E Money Network’s trajectory and spearheading new advancements for the wider RWA ecosystem. Hence, we are launching the biggest grant program to enable the next generation of entrepreneurs seeking to rebuild the financial markets with RWA applications.”

Evaluation Criteria for Winning Grants

A group of technology experts, marketing professionals and experienced community members will form the selection committee for reviewing grant applications. Applications to the grant program will be evaluated on the basis of the following criteria –

  1. The project’s objective and scope
  2. The anticipated impact of the project
  3. The project’s milestones and KPIs
  4. Expected budget
  5. Team details including roles, responsibilities and prior experience of each team member
  6. Product roadmap

Each proposal must include at least three milestones with measurable KPIs such as user growth, TVL increase, transaction volume, etc. 

Depending on the afore-mentioned factors, projects can become eligible to win grants ranging from $5000 to $50000 based on requirements and scale of the product. Additionally, E Money Network will also provide winners of the grant program access to mentorship from industry experts, legal and compliance support, marketing and growth support, networking opportunities with other RWA projects and E Money Network’s core developers. 

How to Apply

Interested developers and builders can join the #BUIDLonEMN initiative by filling out the grant application form here and joining E Money Network’s grant channel on Discord. After the submission of the application, the selection committee will evaluate the project. Successful applications to the grant program will be notified along with further instructions. 

About E Money Network

E Money Network is the regulated Modular RWA blockchain. It serves as an L1 blockchain designed for seamless interoperability between DeFi 2.0 and RWA tokenisation, effectively establishing a network that aims to bridge the liquidity divide between Web 2.0 and Web 3.0.

For more information users can visit: X | LinkedIn | Blogs | Whitepaper  

For media queries, users can contact: marketing@emoney.network

Contact

Head of Marketing & Branding
Shivangini Agarwal
E Money Network
marketing@emoney.network




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Transforming Online Gambling And Community Engagement: Mpeppe (MPEPE) Unveils Strategic Innovations | EVM News

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Frankfurt, Germany, July 2nd, 2024, Chainwire

Mpeppe (MPEPE) is emerging as a transformative force, poised to redefine online gambling and community engagement. By going beyond mere financial transactions, Mpeppe (MPEPE) aims to build a vibrant, creative, and globally impactful community. This ambitious project embraces the spirit of soccer and integrates decentralized finance (DeFi) elements, driving positive change and creation through strategic community planning.

Mpeppe (MPEPE) in Online Gambling

Meme cryptocurrencies, known for their playful branding and viral marketing, have significantly influenced the online gambling sector. Mpeppe (MPEPE) stands out in this space for several compelling reasons:

  • Market Dynamics: The inherent volatility of Mpeppe (MPEPE) can create an engaging experience, drawing interest from those who are accustomed to the fluctuating nature of traditional gambling.
  • Viral Influence: Utilizing memes and internet culture, Mpeppe (MPEPE) engages audiences beyond typical cryptocurrency markets, increasing visibility and interest in online gambling platforms.
  • Reward Mechanisms: The Mpeppe (MPEPE) Casino offers an engaging gaming experience by utilizing $MPEPE and other cryptocurrencies for timely rewards, setting it apart from traditional online casinos.

Mpeppe (MPEPE) and DeFi: A Powerful Synergy

At the forefront of innovation, Mpeppe (MPEPE) is integrating DeFi protocols into its ecosystem, significantly enhancing its utility. Key features of this integration include:

  • Yield Farming and Liquidity Mining: Mpeppe (MPEPE) allows users with the chance to earn rewards through liquidity provision and farming activities, fostering an active community and incentivizing participation.
  • Decentralized Governance: empowers its community with decentralized governance mechanisms. This enables members to have a say in the project’s direction and development, promoting a sense of ownership and collaboration. The community-driven approach ensures that the interests of all stakeholders are considered, fostering a more inclusive and democratic environment.
  • Comprehensive Financial Services: Mpeppe (MPEPE) Integrating DeFi protocols allows Mpeppe (MPEPE) to offer a wide range of financial services such as lending, borrowing, trading, and yield farming without traditional intermediaries. Mpeppe (MPEPE) demonstrates the potential of DeFi to innovate within the financial sector.

Building a Global Community

Mpeppe (MPEPE) is a meme coin that aims to create a global community that celebrates creativity, soccer spirit, and real-world impact. It aligns its values with community interests, aiming to build a sustainable ecosystem. The project’s focus on soccer resonates with a global audience, creating camaraderie and shared purpose. This unique approach distinguishes Mpeppe (MPEPE) from other meme coins.

Join the Mpeppe (MPEPE) Movement

As Mpeppe (MPEPE) continues to grow and innovate, it invites individuals and investors to join its movement and be part of a community that values creativity, positive change, and creation. With its unique blend of meme culture, online gambling excitement, and DeFi integration, Mpeppe (MPEPE) is set to revolutionize the future of online gambling and community engagement.

About Mpeppe (MPEPE)

Mpeppe (MPEPE) is a meme cryptocurrency aiming to create a global community through strategic community planning. It integrates decentralized finance protocols and soccer spirit, driving positive change and creation. Mpeppe is a visionary project that combines online gambling excitement with DeFi innovation, fostering a global community united by soccer and a commitment to positive change.

For more information on the Mpeppe (MPEPE) Presale, users can visit Mpeppe (MPEPE) and join the community on Telegram | Twitter.

Users can use promo code $MPEPPE to get a 15% bonus.

Mpeppe (MPEPE) is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Marketing Team
Chris P
Mpeppe.io
team@mpeppe.io


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