Daily Crypto NewsEDITION #291, 29 April 2022

Gem City run for Gems

Hey Moni Maker 👾

Today the whole of Gem City went out for a run in all the available metaverses. The purpose of the marathon is to show people on the planet the importance of sport because without physical activity, you can languish and become a turd.

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$ELFIN Public Sale on Tokensoft 14:00 UTC

1) https://rift.finance/

We think everyone has heard of the various defi protocols that allow you to borrow/lend your crypto at some annual percentage. You don't get a fixed APR but a variable APR in most cases. These protocols can experience interest rate volatility, making it difficult to plan. 

Yield Protocol has solved the problem - it's a protocol on Ethereum where you can borrow or lend at a fixed rate for up to one year, cool? 

In June, the guys raised $10M from Paradigm, CMS, Framework, Robot Ventures, Defi Alliance, Nexo etc. 

You can put your USDC/DAI/FRAX/ETH into their protocol for a small percentage and wait for the drop. There probably won't be one, so as usual - DYOR!

Cryptocurrency startup Ondo Finance, which provides DEX-based structured products, has raised $20,000,000 for its decentralised investment bank.

Round A was led by Peter Thiel's venture capital firm Founders Fund and Pantera Capital. Fundraising was done through an equity round but with token rights. 

ONDO's token and decentralised autonomous organisation (DAO) are expected to launch "in the next few weeks".

Other investors in Series A funding included Coinbase Ventures, Tiger Global, GoldenTree Asset Management, Wintermute, Flow Traders and Steel Perlot.

Let's run (ha!) through the move-to-earn coins today, which have shown tremendous growth this week. For the record, move-to-earn projects pay users' tokens for movements and activities. 

- $MOOV +133.6%

This is the token of the DOTMOOVS project. Most likely, the token pumped because of the "Dance" feature in the app. However, in the last 24 hours, the token has dropped 22%. You can see the project here. 

- $GST +79%

Well, that's the token of the now-hyped StepN. We wrote about it right here.

- $DOSE +24.8%

And this is OLIVEX. There are all sorts of fitness training. By the way, a relatively shady project so far; you can check it out here. 

WARNING. Sorry for the caps lock, but plz, do not put your $ into one of these tokens without DYOR. 

Transak is a fiat on-ramp aggregator. So 1inch Wallet has integrated this thing right into the wallet! Yep, yep, now you have many more options to exchange dirty fiat for your favourite crypto.

 "The addition of Transak as another fiat on-ramp provider enables users to choose from a wider variety of tokens on more networks available to be acquired for fiat," comments Sergej Kunz, 1inch Network co-founder.

Well, there, by the way, yes, we will be adding more such providers to make your crypto life as bright as the spring sunshine. Read more in the guys' channel - @OneInchNetworkNews

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