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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

Ronin Network's RON Token: Surging Amidst Crypto Market Downturn

Amidst a broader downturn in the cryptocurrency market, characterized by Bitcoin's approach to the $40,000 mark and significant losses for gaming tokens, the performance of the Ronin network's RON token stands out as a beacon of strength. Over the weekend, RON surged to a two-year high, showcasing resilience and potential in a challenging landscape. As an Ethereum sidechain network tailored for gaming, Ronin has garnered attention through popular games like Axie Infinity and Pixels, fostering a notable influx of daily active wallets. Despite a recent 3% dip, the RON token has impressively soared by 325% over the past year, underlining its robust trajectory and investor appeal.

Key Highlights:

  • The cryptocurrency market is witnessing a downturn, with Bitcoin nearing $40,000 and gaming tokens experiencing substantial losses.
  • Ronin network's RON token has displayed remarkable performance, hitting a two-year high following a weekend surge.
  • Ronin, an Ethereum sidechain network focused on gaming, has gained traction through games such as Axie Infinity and Pixels.
  • The network has attracted a significant number of daily active wallets, signaling growing interest and engagement.
  • Despite a recent 3% decrease in value over the past 24 hours, the RON token has surged by an impressive 325% over the last year, showcasing substantial growth and potential in the market.
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