Zerion lists Neutrino to facilitate the adoption of Interchain DeFi
We are pleased to announce a collaboration with Zerion, a DeFi aggregator with a simple interface to invest, earn interest and borrow crypto assets, in continuation of the efforts to advance the objective of expanding unique DeFi tools of Waves onto Ethereum and other blockchain networks. Zerion is becoming one of the partners of Neutrino to ensure mutual technology support and leverage a number of opportunities for token listings, marking yet another landmark in closely integrating Ethereum and Neutrino USD (USDN), other tokens from the Waves ecosystem, and tokens of the target chains integrated into Gravity, the blockchain-agnostic cross-chain network that is being built in the Waves ecosystem.
Neutrino is a multi-chain assetization protocol allowing for the creation of crypto-collateralized tokens, pegged to various financial instruments, such as national currencies, other cryptocurrencies, gold or stocks. Due to the nature of the underlying asset ($WAVES), which enables staking through Leased Proof of Stake (LPoS) consensus algorithm pools, synthetic assets issued on the Neutrino protocol can be staked, distributing rewards among holders.
The first assetization product based on the Neutrino protocol is the Neutrino USD ($USDN). USDN’s TVL (total value locked) has recently achieved $50 million, with approximately 5,000 active daily users of Neutrino’s dApp.
Waves, as an ecosystem, intends to lead the inter-chain DeFi movement (#InDeFi) by supporting Gravity, a blockchain-agnostic cross-chain network that allows for seamless interoperability. As we continue to build up momentum within the Ethereum ecosystem with the introduction of ERC20 Neutrino USD (USDN) port based on Gravity, we are actively seeking for the most synergistic strategic partnerships with the leading Ethereum DeFi projects.
As DeFi expands, being capable of enabling the usage of financial instruments globally without restrictions in non-custodial ways, we see that its ability to secure ownership of assets in the hands of individuals is a key feature both for professional traders and investors, as well as the individuals who simply care about their financial well-being.
The development groups behind Neutrino & Gravity believe that creators of DeFi services are capable of profoundly changing how people get value from financial instruments, which are burdened with various restrictions and regulations as of now. For instance, most financial providers deliver their services in centralized and non-transparent ways, requiring their customers to put their privacy and security in danger and encumbering them with red tape and additional fees. Normally, one should expect paying large commissions to middle-people, such as brokers or advisers. DeFi on the other hand, is based on the idea of “freedom of choice”, without discrimination based on credit score, age or nationality.
We are convinced that Zerion is a project with a mission that completely aligns with our value statement. Zerion is an aggregator of DeFi services that focuses on convenience and equalizes access to financing services by empowering more individuals around the world with transparent and censorship-resistant financial services. Zerion started in 2019 and received $2 million funding from Placeholder, with participation from Blockchain Ventures and Gnosis. Today it is one of the leading aggregators of DeFi services such as MakerDAO, Compound, and Uniswap. Zerion, as a gateway to the world of decentralized finance, allows its users to manage their DeFi portfolio across multiple accounts in a single place and track their assets in real-time with live price updates.
It is important to note that Neutrino was started by the team that is currently leading the development of Gravity, and these two independent projects are closely intertwined from a technical standpoint. This means that a number of prominent tokens from Waves, as well as tokens that integrate into Gravity as part of target-chain integration, can become available on Zerion, with Neutrino USD ERC-20 port being the first such token with a staking feature. This partnership will be launched by listing the Neutrino USD stablecoin on the Zerion platform, under the section of the market, to allow for staking and tracking various stats in the straightforward, easy-to-use and powerful interface of Zerion. Analysis, exploration, and monitoring of other tokens will likewise become available on Zerion in the future. Furthermore, it is suggested that the Zerion team owns one of the nodes of the Gravity network, serving as a supplier of DeFi data.
We are excited to announce that Waves, Neutrino & Gravity are teaming up with Zerion, to accelerate the extension of Neutrino staking capabilities onto Ethereum, bringing greater utility and popularity to USDN and to the protocol in general, while supplying the users of Zerion with innovative ways to obtain value from participating in DeFi.
Link to the integration page: https://app.zerion.io/market/asset/USDN-0x674c6ad92fd080e4004b2312b45f796a192d27a0
This joint effort is part of the series of Neutrino and Gravity collaboration to facilitate Intechain DeFi, following the partnership with 1inch.
Join us!
Github: https://github.com/Neutrino-Protocol
Neutrino dApp: https://neutrino.at
Medium: https://medium.com/neutrinoteam
Twitter: https://twitter.com/neutrino_proto
Telegram : https://t.me/neutrino_group
