Crypto data firm Kaiko has announced the launch of a product that tracks market data. Aptos integrates MoonPay technology into Petra Wallet. BabyDogeSwap will soon support futures contracts with up to 100x leverage for traders. Keep reading us for more details and news.
News from Aptos, Nexo, BabyDoge and more
Kaiko market data launch product tracking: Exclusive
Crypto data firm Kaiko has announced the launch of a product that tracks market data for DeFi lending and borrowing protocols on Ethereum. The Paris-based firm’s new data product, Aave, will follow Compound and MakerDAO. According to Kaiko data, these protocols currently hold about $15 billion. It also represents more than 78% of the total global liquidity locked in lending protocols. With the new product, it will be possible to track borrowing, deposits, repayments, withdrawals and liquidation.
Aptos integrates MoonPay technology into Petra Wallet
In a new move, Aptos integrates MoonPay’s technology into the Petra wallet. The partnership will make it easier for users to join the Aptos ecosystem through MoonPay’s offerings. Bree Blazak, vice president of global sales at MoonPay, said:
Integrating with the growing Aptos ecosystem first through the Petra wallet is another step we are taking to fulfill our mission, especially as Blockchain expands and usage increases.
NEXO releases proof of reserve showing no FTX risk
Nexo has released a proof of reserve stating that it has $3.4 billion in customer deposits. The exchange announced via a Twitter thread that it refused to offer reserves, treasury management apps, and unsecured loans to popular digital asset managers.
Nexo has grown as a company, and so has our offering, but the underpinning principles remain the same. With this thread, we would like to shed some light on Nexo’s business model and how it might differ from that of others. 🧵
Take a look at the chart below and let’s unpack it: pic.twitter.com/2eLz9lvTf2
— Nexo (@Nexo) November 28, 2022
However, Nexo’s proof of reserve contains neither asset breakdown nor wallet addresses. However, he praised Nexo’s risk engine as the only reason it didn’t have bad debt. According to the November 28 tweets, most exchanges offer proof of reserve. However, it cannot prove whether its assets exceed its liabilities. cryptocoin.com As you follow, the firm was lucky enough to withdraw its FTX balance in the last countdown. Nexo claims to have both on-chain and off-chain assets.
Solana’s top crypto wallet looks at Ethereum
Solana-focused crypto wallet Phantom leverages Ethereum and Polygon for its expansion plan. Phantom, the leading crypto wallet of the Solana ecosystem, said Tuesday it will add support for assets on Ethereum and Polygon Blockchain, according to a representative. It also announced that it will be available in about three months.
The developers built the custodian wallet on closed source code. Now, it will target loyalists of the Ethereum ecosystem, such as Metamask, which is open source. Phantom’s likely claim is that its handy UI will push it forward in the system, just like Solana, which it says has 3 million active users.
100x leveraged futures contracts coming to BabyDoge DEX
Decentralized exchange (DEX) BabyDogeSwap continues to grow rapidly. The exchange announced that it wants to provide support for perpetual contracts with up to 100x leverage for its clients. The project noted that support will be enabled at the launch of the BabyDogeSwap Pro platform. Baby Doge announced the development today via its official Twitter account.
Coming soon:
BabyDogeSwap PRO
Perpetuals up To 100x leverage 🔥powered by @Apollox_com pic.twitter.com/pWVFt16pAL
— BabyDogeSwap.com LIVE (@BabyDogeCoin) November 29, 2022
