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PlasmaPay Joins Force With Kava Labs to Provide users With Kava & Hard Token Access

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PlasmaPay, a global payment and remittance platform for decentralized finance (DeFi), announced on Monday it has formed a partnership with Kava, a decentralized bank for digital assets providing users with stablecoins, loans, and interest-earning opportunities. According to PlasmaPay, the collaboration will see the full integration of the Kava Protocol into PlasmaPay, allowing PlasmaPay users to purchase KAVA tokens and store them on the PlasmaPay wallet.

“Initially, this partnership will allow PlasmaPay users to purchase KAVA tokens, including HARD and USDX, at the PlasmaPay checkout. HARD is a governance token that was recently listed on Binance and BitMax for the first time. USDX is a stablecoin popular among users seeking to earn interest on their digital assets. The long-term collaboration will focus on full integration of Kava’s services, including the Kava wallet, into PlasmaPay’s decentralized financial infrastructure.”

PlasmaPay further revealed that through the partnership it will also support Kava’s lending and staking protocols on Plasma Finance, allowing integration to the PlasmaPay DeFi Dashboard. While sharing more details about the partnership, Ilia Maksimenka, CEO of PlasmaPay, stated:

“With Bitcoin currently enjoying a bull run akin to 2017 highs, interest in decentralized finances is as high as it’s ever been – migrating beyond the cryptocurrency enthusiast into the mainstream. At PlasmaPay we are dogmatic in our mission to bring DeFi to the masses. Adding protocols such as Kava to our repertoire is a continuation of our work to provide access to best-in-class assets for our users.” 

Brian Kerr, CEO of Kava, added:

“I’m excited to bring HARD, USDX and KAVA to the 100,000 users across 165 countries that are currently being served by PlasmaPay’s wallet. The ability to buy crypto directly on the PlasmaPay wallet with a credit card opens up endless opportunities for anyone to easily access digital assets simply by downloading an app and entering their credit card information.”

Founded in 2017, PlasmaPay describes itself as a global payment and remittance platform for people and digital business. It allows users to securely store crypto and fiat currency, buy and exchange popular digital assets, make and receive payments, build their own payment network with zero-fee transactions.

“Our mission is to create an open financial platform for the world to unlock the full potential of new blockchain technolog

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Curve Finance Allocates $3 Million in Admin Fees to Governance Token Holders 

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Curve Finance, one of the top decentralized finance (DeFi ) projects of the year, has confirmed a $3 million payout to holders of its governance tokens. Following a week-long voting period, the decentralized exchange (DEX) platform has reached a consensus on allocating administrative fees.

Maintaining Decentralization

As the voting log shows, the process ended in favor of governance token holders. As such, these holders are set to receive about $2.63 million in fees. The fees were accrued before the vote opened. As Curve Finance chief executive Michael Egorov told CoinDesk, they will be dispersing the funds every week following the initial payout.

Curve has been one of the star participants of the 2020 DeFi rally. It is currently the sixth-largest DeFi protocol on the market with about $884 million in locked assets, per data from DeFi Pulse.

However, the service also owes its impressive run to its focus on decentralization. The vote on allocating admin fees is part of Curve’s work to ensure that all community members have a voice. To vote, users will need to stake CRV tokens to Curve’s voting contract, which will then supply them with veCRV. So far, veCRV holders have earned half of all trading fees on Curve – the other half goes to liquidity providers.

Curve Finance in an Evolving DeFi Market

Now that Curve appears to have sorted out its fee distribution mechanism, the service can now focus on maintaining its rally. The DeFi market has been particularly active this year, with protocols posting upticks in their user numbers.

Last month saw a bit of a drop in the market, with assets locked falling and many DeFi tokens dropping in value. However, metrics remain strong. Data from Dune Analytics shows that there are now 860,000 DeFi user addresses, increasing about 1,000 percent over the same period last year.

Even in October, when the DeFi rally halted, user numbers increased, as Dune Analytics’ numbers showed the month saw a 40 percent surge in user count, with the metric moving from 555,000 to 755,000.

The strongest gainers include lending protocol Compound and DEX Dydx. Both increased their user numbers by 250 percent and 50 percent, respectively, over the past month. Compound has lost its position as the industry’s top lending protocol to Maker, but its growth of 135,000 new users shows that it could be making a run for the top spot soon enough.

As for Curve, it still has Uniswap to contend with when it comes to top decentralized exchanges. Dune Analytics’ data shows that Uniswap holds 63.6 percent of all DEX trades, with Curve coming in a distant second in 12.2 percent. SushiSwap and Ox have 8.64 percent and 7 percent of volumes, respectively, meaning that just four DEXs hold over 90 percent of all exchange volumes.

Curve Finance Allocates $3 Million in Admin Fees to Governance Token Holders 

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Crypto-Focused Educational Web Show Sponsored By Ukrainian Government

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A new web series has been released by the Ukrainian Ministry of Digital Transformation, of all things. This series is dedicated to the education of the country’s citizens regarding blockchain technology, cryptocurrencies, and Bitcoin (BTC) in particular.

The Big Push For Crypto Literacy

The show itself saw its premiere on Wednesday, and was developed with collaborations with firms like Hacken, Binance, and Crystal Blockchain. The entire series itself stands as part of the “Diia.Digital Education” program enacted by the government of Ukraine.

The show itself boasts eight episodes, ranging from 6 to 12 minutes in length. The show itself sets out to explain the fundamentals of blockchain technology and cryptocurrencies. Andriy Onistrat, a former banker and now an entrepreneur, stands as the host of the show, with the main idea behind it being to interview various guests that work within the blockchain industry.

Questions Both Easy And Difficult

The first episode is already out, and publicly available on YouTube. The episode focuses on introducing cryptocurrencies as a concept, highlighting the unstoppable, permissionless transaction ledger behind it. The concept of supply auditability were given special considerations.

Onistrat compared this to the National Bank of Ukraine, who could always print out the Hryvnia to increase the supply, highlighting how this isn’t so easy for cryptocurrencies. The first guest of the series was Ivan Paskar, which stands as the Marketing Manager for Binance’s Ukrainian operations. Paskar gave an explanation regarding Bitcoin and how it maintains an auditable, immutable supply.

The pair discussed more complicated ideas, as well, going into some detail regarding smart contracts, Ethereum, and decentralized exchanges. While the show itself is developed to be friendly to beginners, Onistrat threw in some more complicated questions, as well. A prime example would be the conflicting ideas within centralized crypto exchanges.

Cryptocurrencies were built originally on the ideals of freedom and decentralization, but as the world started to adopt and regulate it, identification requirements and traceability have become a new norm. Onistrat asked Paskar these questions.

Ukraine Working Hard For New Digital Age

Should viewers completely go through all the episodes in this series, they will receive a certificate of completion. While not particularly useful, the initiative itself is sound, as the Ukrainian government is making a hard push to increase the digital literacy within its country.

The Ministry already boasts a number of informative shows: One is dedicated on how to be a YouTube blogger, while the other is titled “Digital Lessons for Teachers.”

Crypto-Focused Educational Web Show Sponsored By Ukrainian Government

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