Main topic: Collaboration between Imperial College London and FluidAI to address liquidity aggregation issues in the crypto market.
Key points:
1. Imperial College London and FluidAI are partnering to improve the "tokenized market" for institutions, trading platforms, and retail investors.
2. FluidAI aims to solve liquidity issues in the crypto industry, which are challenging due to its decentralized nature.
3. The use of AI technologies can help eliminate latency and provide the best bid and ask prices in the market.
Note: The provided content does not include information about AI chips or the U.K. government's AI plans, so these points are not included in the key takeaways.
Phoenix, a new decentralized exchange (DEX) called Phoenix, has launched on the Solana mainnet with the goal of bringing on-chain price discovery to crypto assets, beginning with Solana's native token SOL. The team behind Phoenix aims to create a world where financial transactions happen on-chain and sees Solana as the ideal platform due to its scalability and protocol design capabilities. They believe that existing DEXs, such as Uniswap, are limited in terms of market mechanisms and are not competitive with traditional finance. Despite some challenges, the team is optimistic about the future of Solana-native assets in the tokenized asset space.
Decentralized finance (DeFi) has been heavily impacted by the crypto bear market, with the total value locked in DeFi reaching its lowest point since February 2021, as investors withdraw approximately $170 billion in deposits due to decreased yields and increased exploits. However, newer protocols like Unibot are attempting to simplify the DeFi experience and show promising signs for reigniting the DeFi space.
Seamless Protocol, a collaboration between several DeFi developers, has introduced a non-custodial liquidity market on layer-2 network Base, allowing smart contracts with predetermined borrowing strategies to conduct undercollateralized borrowing on-chain.
Lido, an ether staking giant, is collaborating with two Cosmos blockchain projects, Neutron and Axelar, to bridge its staked ether tokens to the Cosmos network, potentially transferring large amounts of liquidity between the two blockchains. This move aims to enhance the accessibility and usability of Lido's tokens on various blockchains within the Cosmos ecosystem.
Wormhole has integrated with Circle's Cross-Chain Transfer Protocol, enabling the transfer of USDC between Ethereum, Avalanche, Arbitrum, and Optimism via Wormhole-based bridges, reducing liquidity issues and user confusion.
Stablecoin issuer Circle Internet Financial has released Perimeter Protocol, an open-source smart contract codebase that allows for the development of tokenized credit markets, enabling various credit use cases such as invoice factoring, payroll advances, instant settlement, and credit trading for institutional investors. This move comes as the tokenization of real-world assets gains momentum, with tokenized assets predicted to grow to a $5 trillion market in the next five years. Circle aims to leverage the protocol to enhance the utility of its stablecoin USDC and Euro-pegged token EURC in decentralized finance (DeFi) credit platforms.
Untangled Finance, a tokenized real-world asset marketplace, has launched on the Celo network after securing $13.5 million in venture capital funding, with plans to expand to Ethereum and Polygon via Chainlink's Cross Chain Interoperability Protocol. The platform aims to bring tokenization to the private credit market and offers features such as a built-in liquidation engine and a forward-looking credit assessment model.
Decentralized finance protocol ether.fi has introduced a liquid staking token (LST) that enables users to earn rewards by staking Ether (ETH) on the blockchain without traditional intermediaries, with the staked Ether automatically restaked on EigenLayer, while users receive the protocol's LST (eETH) to generate further yield across the DeFi ecosystem.
