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Produced by Daniel Aharonoff & Mogul Media AI

PYUSD Loans and Tokenized Assets: A New Era in DeFi

Unleashing Potential: PYUSD Loans and Tokenized Real World Assets In a groundbreaking development within the decentralized finance (DeFi) sector, a Swiss-based platform, Backed, has emerged as a pivotal player by powering PYUSD loans through tokenized Treasury Bill ETFs. This innovative approach not only enhances the utility of PYUSD but also provides new avenues for users to earn yield on their deposits, thus reshaping the landscape of stablecoins and lending markets. The Mechanics of PYUSD Loans Depository Functionality : Users can deposit PYUSD, a regulated USD stablecoin issued by Paxos for PayPal, into a Morpho Blue vault. This vault supports two types of collateral: Backed's tokenized Treasury Bill ETFs Lido’s wstETH Yield Generation : Depositors of PYUSD earn yield by lending to borrowers who take out loans. This dual engine mechanism—an innovative blend of real-world yields and crypto rewards—optimizes returns across varying market conditions. Tokenized Rea
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Produced by Daniel Aharonoff & Mogul Media AI

CryptoPunk NFT Holders Can Now Obtain Physical Prints of Their Digital Art

In an exciting development for collectors of CryptoPunk NFTs, Avante Art and Yuga Labs have joined forces to offer holders the opportunity to obtain physical prints of their digital artwork. This partnership, which is currently running for a limited 48-hour period, allows CryptoPunk owners to commission print copies of their beloved digital punks. Additionally, a collection called "10,000 On Chain" is available for purchase, offering prints of all 10,000 CryptoPunks to anyone interested. Each printed punk comes with its own unique characteristics and includes a holographic sticker for added authenticity. This collaboration between Avante Art and Yuga Labs provides a tangible way for CryptoPunk enthusiasts to showcase their collection in the physical world.

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