Clearpool Prime will allow corporate borrowers to create borrowing pools with their own loan terms. Coinbase will add NFT-based gaming coin Voxies (VOXEL) to its list. Uniswap is expanding into the Boba Network (BOBA). StarkWare has partnered with Chainlink. Alchemix Finance has confirmed the token buyback plan. With the effect of the news, altcoin prices took flight.
Clearpool to launch corporate lending platform
Clearpool Prime will allow corporate borrowers to create pools of permitted borrowing on their own loan terms. Clearpool, a decentralized finance (DeFi) lending protocol, will launch its non-custodial corporate borrowing platform Clearpool Prime in the first quarter of this year, according to a blog post published Monday outlining its 2023 plans. After passing the know-your-customer checks, corporate borrowers will be able to create pools of authorized borrowings on Clearpool Prime with their own loan terms such as size, duration and interest rate. They will also be able to invite lenders to the pool. The news had a positive impact on the altcoin price. At press time, Clearpool was up 12.5% on a daily basis to $0.05232.
Clearpool is a blockchain-based lending marketplace that hosts borrowing pools between borrowers and lenders. When lenders provide liquidity to a pool, they receive in return the so-called pool-specific cpTokens. Holders of the protocol’s management token, CPOOL, can vote and stake tokens to earn rewards. According to data from Clearpool’s credit dashboard, approximately $350 million in stablecoin loans have been issued so far in Clearpool on the Ethereum and Polygon Blockchain.
Coinbase adds VOXEL to its roadmap, altcoin price soars
cryptocoin.com As we reported, crypto exchange Coinbase is expanding its range of tradable assets by adding the NFT-based gaming coin Voxies (VOXEL). The project’s native token, VOXEL, allows players to purchase weapons, armor and other in-game items. Based on Token Polygon Blockchain. Voxies users can play Voxie Tactics and benefit from the VOXEL token. Thus, they increase their chances of winning prizes in the process. There are currently 103 million tokens in circulation. With this token supply, the altcoin has seen a significant price increase recently. VOXEL is currently trading at $0.394. The altcoin has rallied 25.38% in the last 24 hours.
Uniswap (UNI) coming to Boba Network, altcoin price jumps
Uniswap (UNI), the world’s second most popular DEX and one of the most used dApps ever, is expanding into the Boba Network (BOBA), a next-generation Layer-2 solution for Ethereum. According to the joint official statement shared by Uniswap exchange and Boba Network second layer scaler, the platform has decided to add Boba Network to its supported Blockchain toolset.
The results are in and the community has voted to launch Uniswap v3 on @BobaNetwork!
Congratulations to everyone involved 🧋
— Uniswap Labs 🦄 (@Uniswap) February 3, 2023
Thanks to the overwhelming support of the community, the proposal to expand Uniswap to a new platform, 51.01 million of the 40 million required ‘hooray!’ accepted with shouts. The proposal was supported by all major UNI stakeholders, including FranklinDAO, GFX Labs, Blockchain at Michigan, Gauntlet, and ConsenSys. The exchange is preparing to deploy its architecture on the Boba Network in the coming weeks, according to his team’s predictions. With the effect of the news of the partnership, the altcoin price started to rise. At press time, BOBA was changing hands at $0.2667, up 8.37% on a daily basis.
StarkWare partners with Chainlink
StarkWare, an Israeli company focused on Ethereum scaling, has joined forces with its Web3 services platform Chainlink (LINK) to expand development on StarkNet. The cooperation will also establish an economic network between the two sides. In this context, StarkWare will officially join the Chainlink SCALE program and make Chainlink Price Streams available on the StarkNet testnet. Developers will have access to low-cost StarkNet tokens that will cover their operating costs.
The main goal of the partnership will be to accelerate the adoption of StarkWare solutions by expanding development across its ecosystem. Allies will also create a financial system among themselves to provide an infrastructure where developers can build ‘high-performance, increasingly complex and secure contract applications’.
Alchemix confirms buyback plan, altcoin price rises
The decentralized autonomous organization (DAO) behind crypto loan protocol Alchemix Finance on Monday approved a proposal to divert some of the cash that supports treasury and yield boosting activities into a token buyback program for local ALCX. Alchemix gives what it calls ‘self-repaying loans’ to users who issue crypto collateral in exchange for ‘alAssets’, which are often required to trade with their underlying assets. The protocol says protecting the peg is the top priority. Because, as with the crypto market turmoil in late 2022, he feels the pain when his synthetic assets stagger.
This has prompted Alchemix, which is in its heyday in 2021, to fight for short-term fixes that could help attract more users and increase deposits. The proposal by co-founder Scoopy Trooples, who goes by the nickname, aims to solve this problem by allocating some of Alchemix’s long-term capital in other ways. The impact of the news on the altcoin price was positive. At press time, ALCX was trading at $21.68, up 6.74% on a daily basis.
