Skip to main content

Featured Story

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

Nume Crypto Launches Payment Scaling Protocol on Polygon zkEVM: Revolutionizing Web3 Payments

olygon zkEVM, incur a fixed fee. This fee structure provides a significant advantage over traditional on-chain transactions that are subject to unpredictable and fluctuating gas fees. With Nume, users can conduct various operations such as token and NFT transfers, NFT mints, NFT trades, and network deposits and withdrawals.

Nume's payment scaling protocol is built to enable Web2 scale and economics on Web3 rails. By offering instant transaction confirmation and horizontal scalability, Nume aims to make it easier for blockchain applications to cater to Web2 users. The protocol achieves this by batching an unlimited number of transactions at fixed and low on-chain costs, while still providing strong security guarantees. This means that the marginal cost of a transaction is zero, allowing Nume to offer gas abstracted business models for blockchain activities on Polygon zkEVM.

One notable feature of Nume is its introduction of network subscriptions, making it the first scaling solution to offer this functionality. Users can unlock all operations on the network at an introductory price of just 1.99 DAI per month. This subscription model further enhances the accessibility and affordability of using Nume for various blockchain operations.

While Nume's payments rollup currently supports P2P token and NFT transfers, NFT mints, NFT trades, network deposits, and network withdrawals, full EVM compatibility is scheduled for Q2 2024. However, the protocol is already EVM addressable and compatible with EVM wallets, allowing users to seamlessly integrate Nume into their existing wallet infrastructure. Popular EVM wallets like Metamask or Coinbase Wallet can easily add Nume as a network for users to start sending and receiving funds.

Furthermore, Nume provides a bridge between Web2 and Web3 services, allowing dApps to offer flat fee operations to their users. This aligns with the expectations of Web2 users who are accustomed to predictable pricing structures. By adopting Nume, dApps can enhance user experience and attract a wider user base by providing the familiar and cost-effective payment models of Web2 services.

In conclusion, Nume Crypto's payment scaling protocol on Polygon zkEVM offers a groundbreaking solution to the unpredictability and variability of gas fees in blockchain transactions. With its flat fee structure, instant transaction confirmation, and horizontal scalability, Nume enables Web2 scale and economics on Web3 rails. The protocol's network subscriptions and compatibility with EVM wallets further enhance its accessibility and usability for end users and dApps alike. By bridging the gap between Web2 and Web3, Nume paves the way for a more seamless and user-friendly blockchain experience.

Comments

Trending Stories