Binance.US Launch, Chainlink, DeFi on Mainnet, August Update
In August, we continue to execute our roadmap, building the foundations for cross-border finance accessible to millions:
- 📈 Launched ONE on Binance.US with USD fiat, USDT & BUSD pairs
- 💎 Built Maker/Curve/Balancer/Yearn demos on mainnet
- 👩👩👧👦 Supported 7 $25k grants on wallets, bridges & cross-border remittances
- 🔂 Integrating Chainlink oracle for cross-chain DeFi liquidity
🚀 Binance.US Listing
We launched on Binance.US, one of the most respected and regulatory compliant exchanges. ONE can now be purchased with US Dollars and available to US citizens. Getting listed on Binance.US is an important step in fulfilling our cross-border finance goals.
Sending money to a relative is one of the most basic and important financial transactions a person can make. Blockchain has the potential to make it much easier and cheaper. Harmony is well positioned to make this a reality throughout the world thanks to our combination of fast transactions and low fees.
But to make Harmony the payment rails for cross-border transactions, we need fiat on-ramps, hence the need to prioritize making ONE available on a leading US exchange like Binance.US.
We are also partnering with other fiat gateways in India, Southeast Asia and elsewhere so that currency can be sent by anyone to anywhere in the world.
🔗 Chainlink Integration
Price oracles are another critical piece of infrastructure for cross-border finance and decentralized finance. We announced our partnership with Chainlink, an indispensable tool for over 150 blockchain projects.
Oracles play an important role because they allow off-chain data to be made available on-chain. This means currencies and any price related information can be integrated with blockchain finance applications.
💸 Defi Hackathon
Decentralized finance has been emerging for the past few years with Bancor, ETH Lend (now Aave), Kyber, and more. DeFi is not new.
But the rest of the world has finally caught up to the potential in decentralized finance. We’re now seeing adoption and clear product-market fit.
What value can Harmony add to DeFi?
Harmony is fast and cheap, but to learn how we can add to DeFi, we ran a team hackathon to learn, fork, and launch some of the most recognized projects: Maker, Balancer, Curve, Yearn.finance, wBTC, Aave
Each team researched the protocol, then forked and deployed a version on Harmony’s mainnet. We validated with hundreds of users sending thousands of transactions. Now we are building out some of the full products internally and with our grantees. More to come.
Looking Ahead
We are prototyping cross-chain bridges, decentralized exchanges and light clients in our September team hackathon. We’ll be porting existing trustless bridges, learning about BTC, ETH, ATOM and DOT toolings and facilitating limited asset transfers on decentralized exchanges.
Ultimately, our goal is to enable cross-chain composability with Harmony as the settlement layer.
Stephen Tse
Harmony CEO
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Become ONE with Harmony
Developers can build on Harmony today, a fast and open blockchain for decentralized applications. Harmony Mainnet supports state sharding with instant finality. Our staking mechanism reduces centralization while supporting delegation and slashing.
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