Wednesday, Oct. 16
Group Behind Mento, EVM for Stable Assets on Celo, Raises $10M, Publishes Roadmap
01:22
Uptober Forming Amid Rising Stablecoin Liquidity and Bitcoin Transactions
00:56
Len Sassaman-Themed Memecoins Surge Ahead of HBO Bitcoin Creator Documentary
01:01
Bitcoin Breaks $64K While Gold Soars
00:56
ETH/BTC Ratio Slid to Lowest Since April 2021
Mento Labs, the group behind Mento, a decentralized EVM platform for introducing and running steady possessions on Celo, revealed its $10M raise supported by T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, No Limit Holdings, Verda Ventures and w3.fund. According to the group: “Mento likewise released a stablecoin roadmap detailing the addition of regional digital currencies PUSO (Philippines), cCOP (Colombia) and cGHS (Ghana) to its growing lineup of decentralized stablecoins.” According to the job documents: “The Mento stability procedure can be considered a system for over-collateralized, decentralized and transparent steady possessions in which a crypto reserve is utilized to permit users to change the supply of Mento steady properties in action to modifications in need. The procedure permits users to exchange Mento steady properties with reserve security properties.” The Mento reserve was formerly called the Celo reserve.
Visualization of the Mento exchange system (Mento)
Neon EVM, Ethereum Environment Deployed as Program on Solana, Adopts Network Extensions as Category
Neon EVM, a completely suitable Ethereum environment constructed on the Solana blockchain, has actually officially embraced “Network Extensions” as a brand-new item classification, broadening Solana’s performances. According to the group: “Unlike conventional layer-1 or layer-2 blockchains, Neon EVM runs as a program straight on Solana, improving designer and user experiences. By abstracting the intricacies of the EVM layer, Neon EVM makes it possible for smooth implementation on Solana, while users gain from Solana-native gas charges and a merged dApp experience.”
Non-Custodial Staking Project P2P.org Launches Revenue-Sharing Program for Delegators on EigenLayer
P2P.org, a job for non-custodial staking services, released its first-ever revenue-sharing program for delegators on EigenLayer. According to the group: “This program enables delegators to share in the validator’s monetary success. P2P.org is the very first validator on EigenLayer to provide profits sharing, offering delegators advantages beyond basic staking benefits and a direct stake in the platform’s success. As the biggest operator on EigenLayer by TVL, P2P.org will provide its largest-ever earnings share, offering considerable worth to delegators. Turning delegators from passive individuals into active stakeholders.”
Cooperative, Restaking Protocol, Integrates With Data-Availability Project Avail
Cooperative, a permissionless restaking procedure on Ethereum, is incorporating with the data-availability task Avail, “so its designers can bootstrap more scalable items and a brand-new environment of proven services,” according to the Avail group: ‘New information schedule services for Symbiotic designers makes it possible for the effective production of brand-new classes of ingenious applications utilizing a large range of verified services,
