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USDD is a massive stablecoin that describes itself as ‘algorithmic’ and has a market capitalization of approximately $730 million. However, despite this size and seeming importance, it has a variety of issues, from its design to its reserves and its partners. Changes to USDD When USDD was launched, it was intended to inherit an algorithmic design reminiscent of the Luna-Terra system. The original whitepaper described how, by the end of 2022, Tron version 5.0 was going to be released, which would integrate USDD minting and redemption directly into the core of the protocol. However, as of press Tron version 5.0 has yet to be released.  This version was meant to actually ‘burn’ the tron (TRX) used to issue new USDD; currently, the TRX that is ‘burned’ isn’t burned but instead held in a wallet and counted as collateral for the token. Following the collapse of the Luna-Terra system, more recent whitepapers for USDD no longer mention bei...

Ontology partners with Alchemy Pay to integrate it’s On and Off Ramp. Ontology is a blockchain network focused on enhancing trust, privacy, and security in Web3. Offers decentralized identity and data solutions. Through Alchemy Pay’s plugin, dApps and platforms on Ontology can seamlessly and rapidly integrate. It is enabling users worldwide to directly buy and sell cryptocurrencies using their preferred local fiat payment methods. In addition, both the Ontology ($ONT) and Ontology Gas ($ONG) tokens have already been included in Alchemy Pay’s ramp, enabling users to directly acquire them using fiat payments. These tokens play a crucial role in supporting Ontology’s scalability and facilitating fast, high-volume, and cost-effective transactions. Alchemy Pay’s payment gateway supports Visa and MasterCard payments in 173 countries and Apple Pay. It also includes Google Pay, various domestic transfers, and popular mobile wallets in emerging markets. With its robust support for more th...

Tres.Finance partners with Skale Network. The Tres.Finance will integrate its Asset Management, DeFi Tracker, and Accounting Platform into SKALE to support SKALE’s mission of bringing speed, decentralization, and security to Web3 applications. Tres.Finance is the sole solution available to Web3 companies operating across multiple Layer 1s and 2s. Engaging in DeFi activity, and especially building on SKALE to maintain compliance, automate accounting, and reconcile their activity. Any company involved in digital assets requires a financial back-office. By utilizing Tres, finance teams can reduce their monthly accounting time by 70%. Generate an audit trail to eliminate weeks of year-end work, and track their DeFi and NFT activities, known as revenue streams. Since their launch in September 2022, more than 100+ blockchain platforms have been utilizing their services. Tres.Finance has great faith in the SKALE ecosystem and its potential. This is why they have chosen to serve as its fi...

Based Labs partners with FlairDEX a low Fee DEX on Avalanche Network with ve(3,3) tokenomics, curve-inspired gauges, and permissionless bribes. Flair Dex is a decentralized exchange and automated market marker focused on providing efficient token swaps and deep liquidity for stablecoins and other assets. The Flair Dex comes with a unique governance structure using ve(3,3) system that provides the possibility to maximize gains for all users of the ecosystem. Flair Dex takes from Solidly’s vision that all participants in an ecosystem can create a rewarding cycle through cooperation. Users can lock their $FLDX tokens into the protocol to receive $veFLDX token, which can vote on which liquidity pools will get boosted $FLDX token emissions, while in return receiving the fees that the liquidity pools generate. Avalanche Market volume and engagement exploration: Launch a one-way bridge of $BASED from FTM to AVAX (aBASED) Create initial LP pair $BASED-partnerToken Immediate Benefits: ...