Press Release
YieldNest and Origin Announce Merger of primeETH to ynLSD
Driving Innovation in DeFi with a Strategic Merger
In a groundbreaking move, YieldNest announced the merger of PrimeStaked’s Liquid Restaking Token (LRT), primeETH, into YieldNest’s much anticipated ynLSD product. This collaboration marks a significant step forward in the DeFi landscape by providing primeStaked users with YieldNest’s advanced technology to offer unparalleled benefits. This aligns with YieldNest’s vision of becoming the premier liquid management and programmatic yield layer of restaked DeFi assets.
To celebrate, YieldNest is providing exclusive benefits to primeETH users and additional access to YieldNest’s community incentives, which are anticipated to be over 60%.
PrimeStaked: A Journey of Innovation & Commitment
PrimeStaked, an initiative by Origin Protocol, is always striving to stay at the forefront of the evolving DeFi industry. From its inception, PrimeStaked has been dedicated to providing users with benefits, constantly innovating to enhance the user experience. This merger with YieldNest ensures that PrimeStaked users remain on top of the industry, benefiting from enhanced opportunities.
YieldNest: Shaping the Future of Restaking
YieldNest is renowned for its innovative approach and cutting-edge technology, setting new standards in the industry with the backing of notable angels including the founders of Curve (Michael Egorov), Convex (Winthorpe & C2TP), Frax (Sam Kazemian), Kyber (Loi Luu), Algorand (Steve Kokinos), Yearn (Wavey), Moralis (Ivan on Tech) and others.
Committed to building a sustainable product designed for long-term success, YieldNest offers unique solutions such as controlled AVS Exposure with YieldNest/External curated LRTs and isolated LRTs that wrap around multiple restaking protocols. YieldNest’s products focus on providing real, secure, and maximum risk-adjusted returns.
YieldNest is pioneering with ynLSD (ynLSDe, ynLSDs) & ynUSDs
In line with the primeETH merger, YieldNest will be launching its new products:
ynLSD is YieldNest’s innovative Liquid Restaking Derivative (LSD) designed to optimize user yields by leveraging other DeFi tokens, like OETH. LSDs allow users to stake their assets while retaining liquidity, meaning they can still use their staked assets in other DeFi activities. YieldNest’s first ynLSD offering will be:
- ynLSDe – the liquid restaking solution on EigenLayer, designed to unlock the next generation of ETH yields and EigenLayer rewards. Leveraging EigenLayer’s infrastructure to provide users with superior yield opportunities through custom-tailored restaking strategies.
- ynLSDs – an innovative approach to restaking within the Symbiotic ecosystem. The ynLSDs token utilizes Symbiotic’s infrastructure to provide users with access to outstanding yield and Symbiotic rewards opportunities.
ynUSDs – is designed to deliver competitive yields and Symbiotic rewards on USD-denominated assets with risk-adjusted returns through innovative strategies tailored to the unique characteristics of stablecoins.
YieldNest aims to fully transition to a DAO and sub-DAO structure for community decision-making. The goal is to create a self-sustaining, decentralized protocol that can operate independently of the core team. The governance structure features chambers, each managed by elected leaders based on staked YND tokens, with each chamber voting on specific categories of issues. This transition emphasizes the importance of community-aligned token distribution, gradually transferring power to the community, making YieldNest a fully decentralized liquid restaking protocol that can operate, maintain, and grow itself from within.
YieldNest’s vision is expansive, aiming to shape the future of restaking by delivering comprehensive insights into all associated risks. With its independent risk team and audits for top-tier auditors, providing more security and stability for its users. This merger will introduce primeETH users to a new network of opportunities, enhancing their ecosystem and offering additional yield and rewards through protocols like EigenLayer and future partners like Symbiotic.
Combining Strengths for a Promising Future
This merger is more than a strategic alliance; it is a logical next step in the journey of both YieldNest and PrimeStaked.
PrimeStaked users will now have access to YieldNest’s superior technology and innovative products, ensuring they remain at the cutting edge of the DeFi industry. This collaboration is set to create a more robust, secure, and rewarding environment for all users, paving the way for a brighter future.
To celebrate and reward all loyal primeETH adopters who migrate to YieldNest, primeETH users receive exclusive benefits, which are only available for a limited time:
- PrimeStaked YieldNest Airdrop
- YieldNest Seeds Bonus (+5% bonus for primeETH users)
- Receive Pioneer NFT + 15% Permanent Boost (Migrated 5 OETH or more)
- Receive AVS/Network Yields & Airdrops
- And many others…
For all the migrated primeETH users and YieldNest’s native users, YieldNest anticipates that the total airdrop allocation will be no less than 15% of the total supply of YND and aims to increase the amount allocated to airdrops contingent upon TVL increasing over time with a target of being one of the most generous airdrops to hit the market in the restaking vertical with community incentives anticipated to be over 60%.
Want to join YieldNest’s anticipated airdrop? Make sure you start restaking via YieldNest’s platform now!
About YieldNest:
Led by industry veterans, YieldNest aims to be the top liquid restaking solution, unlocking next-gen strategies and establishing itself as the leading protocol for liquid restaked assets.
About PrimeStaked, an initiative by Origin:
Prime Staked ETH (primeETH) is a liquid restaked token (LRT) by Origin, that provides liquidity for assets that have been deposited into EigenLayer.
For press inquiries concerning YieldNest, please contact media@yieldnest.finance.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
AIA Labs Introduces AIA Chain: A Game-Changing Blockchain for Financial Transactions
AIA Labs, a trailblazer in blockchain innovation, has officially launched AIA Chain, a next-generation blockchain platform designed specifically for high-performance financial transactions. Fully compatible with the Ethereum Virtual Machine (EVM), AIA Chain integrates cutting-edge technology with unparalleled speed, scalability, and cost-efficiency, making it a leader in decentralized finance (DeFi), blockchain payments, and Web3 infrastructure.
Why AIA Chain Stands Out in the Crypto Ecosystem
AIA Chain is setting new benchmarks in the crypto and blockchain industries, addressing key challenges such as transaction speed, scalability, cost-efficiency, and regulatory compliance. Its unique features make it a compelling choice for developers, institutions, and users seeking innovative solutions in the rapidly evolving world of blockchain technology, cryptocurrencies, and smart contracts.
With the global digital payments market projected to reach $20 trillion by 2030, AIA Chain is strategically positioned to become a cornerstone of blockchain-based payment infrastructure.
Unrivaled Transaction Speed and Low Fees
AIA Chain is redefining the standards for blockchain payments with:
- Over 100,000 transactions per second (TPS): AIA Chain surpasses the performance of major blockchains like Ethereum, Binance Smart Chain (BSC), and Solana.
- Ultra-low transaction costs: At just $0.0002 per transaction, AIA Chain outperforms many leading blockchains, making it ideal for high-frequency use cases such as crypto payments, remittances, and DeFi protocols.
- Meta-transaction mechanism: AIA introduces this advanced feature to lower the barriers for both developers and users, enhancing usability and adoption.
Built for DeFi, Web3, Gamefi, On-chain AI Agent and Beyond
AIA Chain is fully compatible with Ethereum, enabling seamless migration of projects and smart contracts. This makes it an ideal platform for developers building DeFi apps, NFT marketplaces, metaverse projects, and GameFi ecosystems. The platform’s focus on scalability and interoperability ensures that projects can thrive in a rapidly growing Web3 world.
Key Features of AIA Chain
APoS Consensus Mechanism and ISN Architecture
AIA Chain employs Adaptive Proof of Stake (APoS) and a unique Internet Sharding Network (ISN) architecture. These innovations:
- Prevent centralization and whale manipulation, ensuring a fair and secure network.
- Increase transaction throughput and enhance the platform’s decentralization.
- Drive high network activity, making AIA Chain a dynamic and robust ecosystem.
EVM Compatibility and Developer-Friendly Tools
By being fully compatible with EVM, AIA Chain simplifies project migration from blockchains like Ethereum, Binance Smart Chain, and Polygon. The inclusion of AVM (AIA Virtual Machine) provides developers with advanced tools to build scalable and innovative solutions, enabling smart contract deployment and decentralized application (dApp) development with ease.
Scalability and Layer 2 Solutions
AIA Chain supports Layer 2 scaling solutions and cross-chain interoperability, offering developers the tools to create applications that transcend blockchain silos. These features unlock vast potential for DeFi ecosystems, cross-border crypto payments, and enterprise blockchain solutions.
Focus on Compliance and Institutional Adoption
AIA Chain prioritizes regulatory compliance in global markets, providing a secure and legally compliant environment for both institutional and individual users. This focus positions AIA Chain as a preferred platform for enterprise blockchain adoption, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi).
Developer and Ecosystem Support
The AIA Foundation actively supports promising projects with funding, technical guidance, global roadshows, and marketing resources. By fostering developer growth, the foundation aims to build a vibrant, innovative ecosystem that accelerates the adoption of blockchain technology and cryptocurrency worldwide.
Transforming the Blockchain Landscape
AIA Chain’s unique combination of speed, affordability, and developer-friendly features positions it as a transformative force in the blockchain industry. Its applications span:
- DeFi Protocols: Supporting decentralized exchanges (DEXs), liquidity mining, and innovative yield farming strategies.
- Crypto Payments: Optimized for real-time, low-cost transactions in retail and institutional markets.
- Gamefi, Ai-Fi, Memecoin, NFT and Web3 Ecosystems: AIA Chain provides a scalable foundation for Gamefi, Ai-Fi, Memecoin, NFTs, metaverse projects, and decentralized governance applications.
- Enterprise Adoption: With a focus on compliance and scalability, AIA Chain bridges the gap between traditional financial systems and blockchain technology.
About AIA Labs
As the operational backbone of AIA Chain, AIA Labs is committed to fostering a dynamic and inclusive blockchain ecosystem. By providing technical leadership, regulatory insights, and developer support, AIA Labs is empowering a new generation of blockchain applications in DeFi, Web3, and beyond.
Support for Developers:
The AIA Foundation, managed by AIA Labs, offers comprehensive support for promising projects, including funding, technical assistance, and global marketing resources. By lowering barriers to entry, AIA Labs accelerates adoption and innovation within the blockchain space.
Focus on Compliance and Stability:
AIA Labs prioritizes compliance with regulatory frameworks across key global markets, establishing AIA Chain as a reliable platform for institutions and individuals alike, providing a compliant and secure platform for institutions and individuals. This commitment to compliance establishes AIA Chain as a preferred choice for financial applications requiring high-frequency transactions and reliability.
For more information, visit AIA Labs Website.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Tradeview Markets Shines at Finance Magnates London Summit 2024
London, UK, 26th November 2024, ZEX PR WIRE, Tradeview Markets proudly stole the spotlight at the Finance Magnates London Summit 2024, a premier two-day event that brought together the biggest names in the financial industry.
With one of the best-looking booths, Tradeview’s presence was unmatched, attracting more attendees than any other exhibitor at the summit.
A Hub of Connection and Innovation
Tradeview´s team made the most of every moment, engaging with industry leaders, networking with professionals from across the globe, and showcasing cutting-edge technological advancements. Visitors at the booth not only experienced the future of trading but also left with exclusive giveaways—caps, ties, pens, and more—making Tradeview’s stands the ultimate destination at the summit.
Unforgettable Experiences and Star Power
In a highlight that wowed attendees, players from the Leicester Tigers men’s and women’s teams were at booth #31 to meet fans and take photos. This unique collaboration underscored Tradeview’s commitment to blending industry excellence with engaging, memorable experiences.
Adding to the excitement, models and influencers brought energy and style the booth, ensuring that Tradeview was a trending topic throughout the summit. From product demonstrations to interactive sessions, the buzz surrounding Tradeview Markets was electric.
A Bright Future for Tradeview Markets
“Tradeview Markets is thrilled to have been such a pivotal part of the Finance Magnates London Summit 2024,” said Tim Furey, CEO at Tradeview Markets. “This event provided an incredible platform for us to connect with the global financial community, showcase our innovations, and highlight what makes Tradeview a leader in the industry. The response was phenomenal, and we’re excited to continue building on this momentum.”
Looking Ahead
Tradeview Markets remains dedicated to pushing boundaries and leading the way in the financial services sector. With the success of the Finance Magnates London Summit 2024, the company is poised for an exciting year ahead, filled with innovation, growth, and continued industry leadership. Additionally, Tradeview Markets will participate in the Traders Fair in Hong Kong on December 14th.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
China-Europe Industrial Innovation Zone: Creating a model zone for China-EU cooperation
2024 marks the 21st anniversary of establishing a comprehensive strategic partnership between China and Europe, China-EU relations are showing good momentum of consolidation and development. China looks forward to the EU becoming a key partner in pursuing Chinese modernization, sharing opportunities in its vast market, institutional opening-up, and deepening international collaboration.
Wuxi, a core city in the Yangtze River Delta urban agglomeration, has attracted investments from European companies such as AstraZeneca, Bosch, and Siemens since China’s coastal opening up. The city has opened up China-Europe freight train services and direct cargo routes to Europe, fostering deepening economic and trade cooperation—Wuxi High-tech Zone, located in the hinterland of the Yangtze River Delta with convenient transportation links. Since becoming a national high-tech zone in 1992, it has incubated a robust ecosystem of technological innovation, housing numerous postdoctoral workstations, listed companies, and high-tech enterprises. Ranked 4th among China’s top 100 districts for high-quality development and 18th among 177 national high-tech zones, Wuxi High-tech Zone stands out as a beacon of growth.
In November 2023, the Wuxi China-Europe Industrial Innovation Zone was officially launched.
As an open window for China-Europe cooperation, the China-Europe Industrial Innovation Zone aims to promote high-level openness, serving as a platform for sharing opportunities globally, a bridge for deepening EU collaboration, and a forefront for innovation in China-Eu partnerships. By the end of 2023, EU countries states had invested in 166 projects in the Wuxi High-tech Zone, with a total investment of €15 billion. In 2023 alone, these projects generated sales revenue of RMB 118.23 billion and contributed RMB 8.18 billion in taxes.
Spanning a total planned area of 24.5 square kilometers, the China-Europe Industrial Innovation Zone is situated in the Meicun area of the Wuxi High-tech Zone. The core area covers 7.7 square kilometers, with the initial development area along both sides of Xinhua Road spanning 1.15 square kilometers. Anchored in Meicun Street, the zone aims to become a model for China-Europe cooperation, providing a premium platform for the Wuxi High-tech Zone and the city of Wuxi to strengthen international collaboration. The first phase of construction has already reached the structural topping-off stage and is expected to be completed by March 2025.
Building on Wuxi High-tech Zone’s solid foundation of international industrial cooperation, the China-Europe Industrial Innovation Zone adheres to a philosophy of integrated development of science, industry, and urbanization. It is actively developing four international cooperation sub-parks: the China-Germany International Cooperation Industrial Park, the China-France International Cooperation Industrial Park, the China-Switzerland International Cooperation Industrial Park, and the China-Israel International Cooperation Industrial Park.
The China-Europe Industrial Innovation Zone targets an annual output value of RMB 160 billion and tax revenue exceeding RMB 8 billion. It aims to attract at least 30 European “hidden champion” enterprises, including over 10 multinational company headquarters. The zone will construct more than 500,000 square meters of innovation facilities and jointly establish at least three European industrial technology transfer centers. Efforts to attract major China-Europe cooperative projects are being intensified, with key EU-related projects such as Legrand, AML Systems, Schneider Electric, Faurecia, and Siemens accelerating their presence in the zone. The future focus will be on cutting-edge EU technologies and innovations, optimizing industrial structure and layout to position the zone as a leading provincial-level economic development zone, Wuxi High-tech Zone’s preferred industrial destination, and a top-tier international industrial cooperation zone renowned across China and the Yangtze River Delta.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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