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Analysis: USDT’s deployment leads to momentum growth for Tezos in the DeFi space

Analysis: USDT’s deployment leads to momentum growth for Tezos in the DeFi space

Tezos is becoming an ideal destination for numerous decentralised finance (DeFi) protocols, largely thanks…

The post Analysis: USDT’s deployment leads to momentum growth for Tezos in the DeFi space appeared first on CoinJournal.

Analysis: USDT’s deployment leads to momentum growth for Tezos in the DeFi space

Tezos is becoming an ideal destination for numerous decentralised finance (DeFi) protocols, largely thanks to its recent integration with Tether’s USDT stablecoin.

Last month, the USDT stablecoin launched on the Tezos blockchain. This latest development has paved the way for a rapidly-growing DeFI ecosystem on one of the world’s energy-friendly blockchains. 

Tether USD is the crypto industry’s most popular stablecoin and serves as the backbone of the DeFi industry as it allows investors to quickly move into and out of positions and weather the storms amid bearish market sentiment. 

Tezos, on the other hand, is an energy-efficient and self-upgradable Proof of Stake protocol that has a low annual carbon footprint that’s equivalent to just 17 people’s yearly energy use. 

Because of its ultra-low carbon emissions, the Tezos blockchain has become a favourite stomping ground for environmentally-aware crypto enthusiasts, who also benefit from its minimal transaction fees of less than a cent. 

The Tezos blockchain’s benefits haven’t gone unnoticed, with numerous financial service firms deploying on the network.f Tether USD’s integration looks like it will accelerate its DeFi prospects.

Following USDT’s integration with Tezos, the world’s number one cryptocurrency exchange Binance has made it available to trade, potentially opening the floodgates for yet more stablecoins to switch to Tezos. 

DeFi apps on Tezos have already taken advantage of Tether USD’s deployment. For instance, the Quipiswap DEX has since launched its Stable DEX on Tezos, allowing users to farm for rewards and collect dividends using stablecoins, including USDT. 

Another DeFi platform, Youves, is now offering USDT holders the chance to participate in its long-term farming liquidity pool that provides up to 15% APR. The Plenty DeFi ecosystem offers up to 20% APR in PLENTY rewards on multiple LP pools.

There are plenty of good reasons developers desire to build on Tezos. DeFi apps will not only be able to boast their low-energy credentials but also take advantage of the latest blockchain innovations. 

All these are possible because Tezos employs an on-chain, DAO-based governance model that allows for rapid adoption of new functionality – already, it has undergone ten major upgrades with no forks. 

With Tezos’s fast transaction speed, USDT’s integration on the blockchain makes it easier for numerous DeFi projects to launch on the network. 

The Tezos blockchain will soon be adding some even more exciting capabilities for DeFi with its upcoming Kathmandu update, which will enable testing of smart contract-based optimistic rollups – a key privacy solution – on bleeding edge testnets. On the security side, Kathmandu will also bring improved randomness with the integration of Verifiable Delay Functions. 

Tezos co-founder Arthur Breitman recently said he hopes to see a big future push from the world of DeFi. With USDT now a big part of the Tezos ecosystem, more DeFi projects will launch on the blockchain over the coming months and years.

The post Analysis: USDT’s deployment leads to momentum growth for Tezos in the DeFi space appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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Crypto Casino of the Year BC.GAME Launches Its All-New Redesigned Website With Better Features

Willemstad, Curaçao, 4th October, 2022, Chainwire Today, BC.GAME announces the launch of its newly…

The post Crypto Casino of the Year BC.GAME Launches Its All-New Redesigned Website With Better Features appeared first on CoinJournal.

Willemstad, Curaçao, 4th October, 2022, Chainwire

Today, BC.GAME announces the launch of its newly redesigned website with more and better features for its players. This is one of the many efforts of BC.GAME in order to continue giving the best experience and satisfaction to its players around the world.

BC.GAME Introduces a Newly Redesigned Website

The main website showcases a new UI layout with a cleaner and slicker design compared to the old version. Players can also select different languages if they want to translate the descriptions written on the site. Languages such as Portuguese, Indonesian, Russian, Vietnamese, Korean, and Spanish are now available for players.

Recently, BC.GAME formed partnerships with two of the most recognized names in football and eSports—AFA and Cloud9. The new website features a dedicated page for sponsorships to keep the community updated about the latest events involving the casino’s partners.

Bold and Better Features for BC.GAME Players

As part of the new design, players will now be able to access helpful content—from game recommendations for each user, details of the game providers, and game descriptions.

Game interactions are now also available. Players can rate games, like, comment, share, and provide feedback on the games they play.

More security features are added, such as new additional Official Staff Verification page feature and an updated KYC feedback feature.

All players will have access to these bold and better features on the new BC.GAME website.

Chris, Chief Operating Officer at BC.GAME shares, “The iGaming industry moves fast. Keeping up with it is no small feat. As industry trailblazers, we pride ourselves on doing more than just staying ahead of the curve. Our goal is to create the curve. The only way to accomplish this is by keeping the communication channels with our community open. On behalf of the BC.GAME team, I would like to thank our loyal community for all the feedback and suggestions they have given by presenting this latest upgrade.”

About BC.GAME

BC.GAME is a community-based crypto casino that offers players the best online casino experience. Launched in 2017, BC.GAME is among the first casinos to support Lightning Network, not only revolutionizing the casino industry but also the blockchain space. With the recent addition of sports betting, users can enjoy more than 8,000 games, including sports, slots, live table games and even the famous Bitcoin (BTC) crash game. BC.GAME has won multiple industry awards, making it the Crypto Casino of the Year 2022. The platform accepts many leading cryptocurrencies and recently started accepting fiat payments.

Learn more: http://bc.game

Contact

PR, Issay Domingo, BC Game, [email protected]

The post Crypto Casino of the Year BC.GAME Launches Its All-New Redesigned Website With Better Features appeared first on CoinJournal.

Source: CoinJournal: Latest Bitcoin, Ethereum & Crypto News

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