As a seasoned crypto investor with over two decades of experience under my belt, I must admit that I’m intrigued by PBG.io’s ambitious claims. The prospect of a decentralized finance protocol offering 10x deeper liquidity than Binance – the titan of the crypto trading world – is certainly an enticing proposition.
In simple terms, the innovative finance protocol called PBG.io within the Cardano (ADA) network will soon provide access to a massive 100 million ADA in liquidity for its users. The CEO is confident that PBG.io may outshine all centralized exchanges in terms of available liquidity.
Cardano’s upcoming protocol is going to outshine Binance, founder says
1. “PBG.io DeFi, a novel liquidity farming machine built on Cardano (ADA), will boast a more efficient trading ecosystem with 100 million ADA tokens in liquidity, according to Pablo Antonio Bejarano, CEO of PBGCapital asset manager. This is said to outperform Binance (BNB) in terms of resource effectiveness.”
According to his calculations, PBG.io appears well-positioned to provide liquidity that is ten times greater than what ADA traders currently find on the world’s largest exchange for all available trading pairs.
He plans to achieve this by introducing a novel DeFi approach, known as Decentralized Vault Portfolios (DVPs), designed for managing on-chain liquidity.
Since February 2023, work on this protocol has been ongoing. In April 2024, the beta testing stage began, and during this time, PBG.io provided a return of 34% per year on ADA to its liquidity contributors.
The text discusses the partnership between our project and technical auditors from Anastasia Labs and Dedius Network, marking the debut of the DePIN protocol on the Cardano blockchain using ADA. Unfortunately, the specific release date has not been revealed by those involved in the project as of now.
Ahead of Chang hard fork, Cardano’s DeFi ecosystem dips below $200 million TVL
Currently, the combined value locked across all Decentralized Finance (DeFi) platforms on the Cardano network has struggled to maintain a level above $200 million.
According to DefiLlama’s calculations, the overall value locked in all Defi protocols reached approximately $193 million. Notably, more than half of this total, around 50%, is attributed to Minswap, Indigo, and Liqwid.
On September 1, 2024, the Chang hard fork is anticipated to activate for Cardano (ADA). As previously reported by U.Today, this update will implement on-chain governance within the Cardano network, moving it a step forward in realizing its goal during the final phase of the Voltaire roadmap, which focuses on decentralized decision-making.
Read More
- ENA PREDICTION. ENA cryptocurrency
- USD PHP PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- SHIB PREDICTION. SHIB cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- Red Dead Redemption: Undead Nightmare – Where To Find Sasquatch
- USD COP PREDICTION
- USD ZAR PREDICTION
- FLOKI PREDICTION. FLOKI cryptocurrency
2024-08-31 18:37