In this article, we explore three recent updates within the ecosystem of Cardano (ADA), Polygon (MATIC), and TMS Network (TMSN).
Cardano’s Ecosystem (ADA) Expands with Liqwid Finance Update and Paribus Integration
Recently, Liqwid Finance, which operates on Cardano (ADA), announced the successful launch of its DJED market. Earlier this year, Liqwid Finance played a role in launching the DJED stablecoin on the Cardano (ADA) network. The platform provides decentralized interest rate curves for lending and borrowing within the Cardano (ADA) blockchain. As a result, users of Liqwid Finance have the option to act as either lenders or borrowers.
Paribus, a protocol for cross-chain borrowing and lending of NFTs, liquidity positions, and synthetic assets, is currently in the process of building for the Cardano (ADA) blockchain network. As the DeFi sector continues to expand, developers of Cardano (ADA) are seeking out fresh methods for storing and presenting value on the blockchain.
The current trading price of Cardano (ADA) stands at $0.34, with a 24-hour trading volume of $383 million. Over the past 24 hours, the value of Cardano (ADA) has declined by 1.87%.
Polygon (MATIC) Introduces Decentralized ID Service
Polygon (MATIC) has recently unveiled its highly anticipated ID protocol that operates on zero-knowledge proofs (ZKPs), a sophisticated cryptographic method that safeguards privacy on the blockchain. By using ZKPs, the new ID protocol enables users to verify their identity without having to disclose sensitive data publicly.
Polygon (MATIC) has stated that developers can now launch exclusive content for verified users, and meet regulatory compliance obligations by utilizing its ID service. This decentralized identity service will be made available to an estimated four million users through Polygon (MATIC) ID’s launch partners.
Polygon’s (MATIC) goal is to resolve the Know-Your-Customer (KYC) verifications that are becoming more widespread within the web3 ecosystem. In comparison to its competitors, Polygon (MATIC) ID utilizes zero-knowledge proofs (ZKPs), which sets it apart from other identity solutions.
The current trading price of Polygon (MATIC) is $1.17, with a 24-hour trading volume of $573 million. Over the past 24 hours, the value of the Polygon (MATIC) has decreased by 2.04%.
TMS Network (TMSN) is an exceptional decentralized trading platform designed to revolutionize the antiquated trading industry. Its all-in-one solution for investors provides a seamless trading experience that ensures instant transaction completion without the need for traditional currency payments. TMS Network (TMSN) plans to transform trading by introducing state-of-the-art features that make the entire process more convenient and enjoyable for everyone involved.
TMS Network (TMSN) strongly believes in building a community of users who are actively involved. Although TMS Network (TMSN) earns a profit through a nominal trading commission on each trade, the platform ensures that this fee benefits its users. With the help of smart contracts, each TMS Network (TMSN) user will receive a portion of the commission automatically.
TMS Network’s (TMSN) presale has commenced with remarkable success, as the first stage of the sale was oversubscribed and concluded ahead of schedule. Within two weeks since the presale’s inception, TMS Network (TMSN) has accumulated a noteworthy sum of $500K, in addition to the $2 million raised during a private seed sale.
In conclusion, the recent developments within the Cardano (ADA) and Polygon (MATIC) ecosystems, and the launch of TMS Network (TMSN) decentralized trading platform, showcase the ongoing innovation and growth within the blockchain industry.
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