GameFi Archives

Deus X Capital Launches Solstice Labs to Empower Institutional DeFi Adoption

Written by satoshiclub on September 20, 2024. Posted in GameFi, Legal. Leave a Comment

Deus X Capital, a prominent player in the digital asset space, has unveiled Solstice Labs, a new venture dedicated to accelerating institutional adoption of Decentralized Finance (DeFi). This strategic move underscores Deus X Capital’s commitment to driving innovation and unlocking the transformative potential of DeFi for traditional financial institutions. Solstice Labs will leverage its expertise and resources to provide institutional investors with comprehensive solutions tailored to their specific needs. These solutions include: DeFi infrastructure development: Solstice Labs will...

Sky DeFi Lending Protocol to Drop Wrapped Bitcoin (WBTC) Following Governance Vote

Written by satoshiclub on September 20, 2024. Posted in Bitcoin, Blockchain, GameFi. Leave a Comment

In a recent governance vote, the Sky DeFi lending platform has made the decision to offload its Wrapped Bitcoin (WBTC) collateral. The vote, which saw an impressive 88% approval, signifies a strategic shift for the platform. This move is likely driven by factors such as evolving market dynamics, risk management considerations, or the desire to explore alternative collateral options. The removal of WBTC from Sky’s lending pool will have several potential implications. It could affect the platform’s overall liquidity and borrowing capacity, as well as the interest rates on loans secured...

Deus X Capital Launches New DeFi Unit, Pioneering Innovative Yield Generation Strategies

Written by satoshiclub on September 20, 2024. Posted in GameFi, Legal. Leave a Comment

Deus X Capital Expands into Decentralized Finance Deus X Capital, a leading crypto investment firm, is excited to announce the launch of its dedicated DeFi unit. This new division will focus on developing and deploying cutting-edge protocols designed to generate attractive yields for investors. The DeFi unit is poised to revolutionize the landscape of decentralized finance with its groundbreaking approach to yield generation. Its inaugural protocol, set for launch in 2025, is projected to attract over $100 million in total value locked, demonstrating the immense potential of its innovative strategies. Deus...

Sky DeFi Lender to Offload Wrapped Bitcoin Amidst Sun Concerns

Written by satoshiclub on September 19, 2024. Posted in DeFi, GameFi. Leave a Comment

Sky DeFi Lender to Offload Wrapped Bitcoin Amidst Sun Concerns The crypto markets are closely watching Sky’s decision to offload wrapped Bitcoin (WBTC) from its platform. This move comes amidst growing concerns about the token’s future, particularly in relation to the recent ‘Sun’ incident. With $200 million worth of loans collateralized by WBTC, Sky’s decision has significant implications for the platform’s users and the broader crypto landscape. WBTC, one of the largest cryptocurrencies with nearly $10 billion outstanding, has been facing scrutiny due to...