Chicago Mercantile Exchange (CME) will work with CF Benchmarks for new indices. Orca, the Solana-based decentralized exchange, has integrated the payments service provider. SuperOne has signed two key partnerships for technical development and adoption. Keep reading us for more news and details on altcoin projects.
Last minute developments for altcoin projects…
CME Group works with CF Benchmarks
Derivatives market Chicago Mercantile Exchange (CME) and cryptocurrency index provider CF Benchmarks will this month offer benchmark rates and real-time indices for Aave (AAVE), Curve (CRV), and Synthetix (SNX). Accordingly, it will calculate and publish new indices as of 19 December. By the way, these are not currently tradable futures products. Giovanni Vicioso, head of cryptocurrency products at CME Group, made the following statement on the subject:
Together with Uniswap launched earlier this year, these three new indicators will encompass more than 40% of the total value locked in decentralized finance (DeFi) protocols on the Ethereum Blockchain.
Stripe gives Solana a touch with Orca DEX integration
Orca, a leading Solana-based decentralized exchange, has integrated the leading payments service provider to launch a ramp from fiat to crypto. Also, Orca marks the first time that Stripe is integrated with a decentralized exchange on any Blockchain. At launch, Orca will give users direct access to Stripe’s simple order flow. It will also allow them to buy crypto assets such as SOL and USDC directly with fiat currency. Purchased tokens will then be transferred back to Solana wallets of customers in the token panel.
SuperOne partners with Footballco and FIFPRO
SuperOne, a leading blockchain gaming company that released the first gamified social networking platform on the blockchain. The company signed two key partnerships for technical development and adoption. Media giant Footballco has partnered with the global football union FIFPRO, according to the SuperOne team’s statement.
Footballco is the largest media company for football and its fans worldwide. It controls the famous brands Goal, Kooora and Mundial. FIFPRO is a global union for players, uniting 65,000 professional football players and their national communities. FIFPRO Commercial Enterprises BV is responsible for agreements with participating teams regarding the commercial use of active football players’ names, images and likenesses.
The Graph will add support for Polygon Blockchain
The Graph is a decentralized protocol for indexing and querying data from Blockchains, starting with Ethereum. It enables querying data that is difficult to query directly. Indexing service The Graph has announced that it will soon add support for Polygon Blockchain. Thus, Polygon-based applications will soon be able to run on a completely decentralized application programming interface (API) running on The Graph, away from the existing hosting service.
Ethereum Ropsten test-net is shutting down
Ethereum Core developer Tim Beiko reiterated that the Ethereum test-net Ropsten will be shut down. According to an announcement from the official Ethereum website, the Ropsten network will be shut down in the coming weeks.
Casa adds Ethereum support
cryptocoin.comAs you follow from Casa, a popular Bitcoin self-custody firm. The company is now adding support for the leading altcoin Ethereum to its platform. It is possible that some may find this surprising, as this is perceived as a firm that is purely Bitcoin-inclined. The company will release an updated version of the Casa app in January.
MakerDAO community voted to increase DAI rewards to 1%
Meanwhile, the MakerDAO community, one of the largest decentralized finance (DeFi) protocols, has voted to increase the reward rate of the DAI stablecoin to 1%. In the vote that ended Thursday, nearly 71% of voters favor the 1% increase, the highest option available.
Increasing the rewards, known as the DAI Savings Rate (DSR), means investors can earn 1% annual returns on their DAI holdings. So, this will provide an incentive for investors at a time when adequate returns in crypto are scarce. The yield is still much lower than what is available for traditional yielding assets such as US government bonds.
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