Vladislav Solodkiy

📣 The Next Stage for Public Good Funding in Crypto ⬇️ Public Goods in crypto networks rely on open-source development & decentralized infrastructure. But how do we fund these "public goods"? Traditional funding models often fall short. 🤔 🛠️ Why It's a Challenge? Public goods are non-excludable (everyone benefits) and non-rivalrous (use by one doesn't reduce availability for others). This makes it hard to monetize them traditionally. 🔄 Crypto's Innovation Crypto has explored novel ways to fund public goods, from Gitcoin’s quadratic funding to DAO treasuries. These models redistribute funds based on community votes and shared interests. 📊💡 Popularized by Gitcoin, quadratic funding allows communities to donate, and larger contributions get matched based on the number of smaller donations—prioritizing projects with broader support. 🔍 Challenges with Current Models: However, existing mechanisms have limitations—ranging from sustainability to scalability. More solutions are needed as crypto ecosystems grow larger and more complex. 🏗️💸 The Next Step: Protocol-Sourced Funding. Crypto projects are increasingly exploring "protocol fees" or "network taxes" to sustain public goods. These fees are built into the protocol, earmarked for funding essential services. 🌐 Examples in Action: Protocols like Optimism and EigenLayer have pioneered such models—taking a small percentage of transaction fees or staking rewards and reinvesting them into public goods. 🔑 Governance & Treasury Management: The evolution of DAO governance is crucial here. With massive treasuries, DAOs need more effective governance frameworks to ensure transparent, efficient, and long-term funding. 🚀 The Road Ahead: Public goods will continue to be vital for crypto’s long-term success. The innovation around funding these goods must evolve, aligning incentives and ensuring resilience. 🌍 Crypto isn’t just about financial gains; it’s about building sustainable digital ecosystems. How we fund public goods will shape the future of decentralized networks. Follow DCF's blog to find detailed analyses of blockchain-powered public goods funding models 👇

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Clearpool launches on Base — enabling institutional access to #DeFi credit via Credit Vaults! Portofino Technologies, a crypto-native HFT market-making institution, pioneers the inaugural Credit Vault on Base. Base, incubated by Coinbase, is an #Ethereum L2 with the security, stability, and scalability needed to power onchain apps together with seamless integration capabilities for fiat onramps. Credit Vaults allow borrowers to set their own parameters, including interest rates, repayment schedules, and KYC requirements, offering them greater control and customization options. Credit Vaults incentivize lenders with higher interest rates by optimizing efficiency and attracting new participants. "Clearpool's launch on Base has unlocked unparalleled access to its rapidly expanding top-tier ecosystem, which can seamlessly integrate with Coinbase's market-leading suite of services and partners," commented Jakob Kronbichler, CEO & co-founder of Clearpool. "This pivotal milestone opens new doors for a wide range of institutions to securely and compliantly access private credit onchain." Learn more about the launch 👇 https://lnkd.in/giCfReJd

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Yield farming and liquidity mining are important strategies in the DeFi ecosystem, enabling crypto holders to earn passive income by lending or staking their assets. However, these methods offer high potential rewards alongside substantial risks... Yield Farming and Liquidity Mining: Assessing Risks and Rewards https://buff.ly/3NtGFFO

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In a 1:1 with Axelar protocol co-founder Georgios Vlachos, Deutsche Bank's Boon-Hiong Chan describes blockchain interoperability across permissioned banking environments, comparing it to the internet itself. “As an investor, do I want to be onboarded into three or four private chains? Or do I want to be able to operate through one single window which is the public chain, in order to access all the different products and services? … Everybody uses the internet for banking. Nobody has got their own walled internet to say, 'This is my private internet that you can only use with my internet banking facilities.’” The interview took place at Axelar + Metrika's event feat. panelists from Citi, Deutsche Bank + Mastercard. The panel was private, but you can watch a full 1:1 with Boon  ⤵️ https://lnkd.in/e769DUt8 Learn more in the related white paper  ⤵️ https://lnkd.in/dABZAGrW

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#Web3 native innovators Axelar Foundation and Metrika led production of an insightful MUST READ report on the importance of Institutional Interoperability in the future of #blockchain. 💡 The paper acts as a road map for financial institutions developing tokenized-asset opportunities and facing a complex array of public and private blockchains, alongside client and regulatory requirements. Georgios Vlachos, Director of Axelar Foundation and Co-Founder of Axelar Network said “Tokenized assets are by nature interoperable, bridging assets recorded on off-chain ledgers with on-chain representations. The question isn’t, how do we facilitate one such connection – it’s how do we facilitate potentially thousands of connections across on-chain and off-chain ledgers, in a way that’s secure, scalable and open." Regarding multichain interoperability, Anand Rengarajan, Global Head of Sales & Head of Securities Services APAC, Corporate Bank, Deutsche Bank, commented "Multichain asset interoperability and servicing will likely become a necessity for asset servicers as their clients adopt different chains. It will be essential that asset servicers know how to address and service interoperability with scale, while ensuring digital asset safety to enable sustainable growth that multiple chains can amplify." This excellent paper was authored by blockchain analyst Emily Parker, based on a framework laid out by the Monetary Authority of Singapore (MAS)’s Project Guardian in 2023. Key contributors to the paper include Biser Dimitrov (Global Head of DLT Center of Excellence, Citi), Altin Hoxha (Global Head of Digital Assets Platform Engineering, Citi), Caroline Lin (Digital Assets Associates, Citi), Sorcha Sullivan-Williams (Senior VP, Digital Assets Product Manager, Citi), Boon-Hiong Chan (Industry Applied Innovation Lead Head, APAC Market & Technology Advocacy, Deutsche Bank), Colin DeLarso (Crypto Product Partnerships & Commercialization Lead, Mastercard), Oskar Duris (Global Head of Blockchain Product Development, Mastercard), Rashi Goyal (Director, Product Development, Blockchain & Digital Assets, Mastercard), Soumyajit Mitra (Director, Product Management - Technical, Blockchain & Digital Assets, Mastercard), Alvin Chia (Senior VP, Head of Digital Assets Innovation, APAC, Northern Trust), Sean Mullins (Senior VP, Head of Product Execution, Digital Assets & Financial Markets, Northern Trust), Bhaji Illuminati (CMO of Centrifuge), Marianna Angelou, PhD (Director, Blockchain Analytics, Metrika), and Alexandros (Alex) Nathan (Co-Founder, VP Analytics, Metrika). 👏🏽 #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Follow us to stay up-to-date! #fintech #finance #tokenization #interoperability #DeFi #DLT #digitalassets #banking #innovation https://lnkd.in/gSnfXcUz

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Blockchain x finance news: Action plan for tokenization in Europe released by AFME, which highlights the need for greater interoperability. The Association for Financial Markets in Europe (AFME) published a report on digital finance. While digital asset issuance has increased significantly over the past four years, AFME highlighted the need for greater tokenization and DLT adoption in capital markets. “Adoption of DLT-based securities is reaching a turning point,” noted the report. “Developing and scaling up use cases will require market participants to work together to build consensus on common standards, aligned and compatible technology architecture designs leading to greater interoperability of infrastructures and solutions.” - https://lnkd.in/gedgRipW  - https://lnkd.in/gvJcUKJE  More industry news from around the world: 1️⃣ Google, Amazon, Walmart to join Indian CBDC project Indian fintech firms Cred and Mobikwik also joined. Together these five payment firms account for over 85% of digital payments via India’s instant payment solution, which averages about 12+ billion transactions each month. https://lnkd.in/gyR2Hynu 2️⃣ Fidelity International lists Bitcoin ETP on the London Stock Exchange The listing followed the FCA’s decision to allow exchanges to create a UK-listed market segment for crypto asset-backed exchange-traded notes, although they’re only available for professional investors. https://lnkd.in/gPRS8UAG  3️⃣ Over 60 institutions have now tested tokenized assets as part of ECB trials Institutions such as BayernLB, BNP Paribas, Cboe Clear Europe, Clearstream, and DekaBank, have tested solutions around tokenized bonds, Bearer ‘cryptobond’ issuance, and more. https://lnkd.in/g9iEAYGq 4️⃣ ECB explores offline digital euro The solution would support CBDC payments without requiring an Internet connection, critical for broad retail payment adoption. The ECB is exploring an embedded Secure Element (eSE) and embedded SIM (eSIM) of end-user devices. https://lnkd.in/gjXXkYri  

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Memento Blockchain Partners with Deutsche Bank and Integrates with zkSync for Project Guardian Memento Blockchain - the technology partner of Deutsche Bank and the creator of Domani Protocol - will be contributing its expertise and innovative solutions to this groundbreaking project. Our participation in Monetary Authority of Singapore (MAS) Authority of Singapore’s (MAS) Project Guardian, a collaborative initiative with policymakers and the financial industry aimed at testing the feasibility of asset tokenization applications in regulated financial markets. This builds upon the success of Project DAMA Digital Assets Management Access) in 2023, which showcased a more efficient, secure, and flexible solution for digital fund management and investment servicing. 💡 Embracing the Future of Blockchain Project Guardian marks a significant milestone for us, offering access to a diverse ecosystem of participants and a platform to demonstrate our technological prowess. 🤝 Leveraging the Power of zkSync In a strategic partnership with zkSync we are making strides in the development of a ZK Chain - a fully customizable blockchain built using ZK Stack. We have chosen to build it on the remarkable foundations of zkSync, a scalable, highly secure and cost-efficient Layer 2 blockchain platform facilitating large scale adoption of Ethereum. 🌐 Axelar Network Integration We're also working with Axelar Network , a leading interoperability platform, enabling tokens from diverse ecosystems in and out of the hyperchain. 🌟 A New Era in Digital Asset Management Project Guardian is just the beginning. By leveraging cutting-edge technologies, strategic partnerships, and industry expertise, We are set to redefine the future of digital asset management and DeFi. https://lnkd.in/g93R3U3Q Federico Cristina, CFA Fabrizio Audisio Nicola Lanteri Boon-Hiong Chan Shawn L. Hui Ying Mew Jie Yi (Jaelynn) Lee Xochitl De Groot Ivory Omar Azhar Pearl Imbach

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KfW, the largest development bank in #Germany and owned by the German states, has teamed up with Boerse Stuttgart Digital (BSD) as an infrastructure provider partner in preparation for its upcoming #blockchain-based digital bond offering. 💡 KfW plans the bond issuance in the coming weeks under the German Electronic Securities Act (eWpG). BSD will oversee the #crypto wallets and secure the private keys during the issuance and redemption processes. The upcoming offering will be part of the European Central Bank's trials to settle blockchain-based transactions against central bank money. "As one of the world's largest and most active bond issuers, we are actively driving digitalisation initiatives in the issuing and settlement process," Gaetano Panno, head of transaction management at KfW, said in a statement. "The utilization of new technologies as part of the ECB trials enables us to technically process a 'delivery vs. payment' transaction and thus supports our digital learning journey." Last month, Italy's state-owned development bank CDP Cassa Depositi e Prestiti SpA (CDP) and lender Intesa Sanpaolo completed a blockchain-based bond issuance as part of an ECB trial. KfW's upcoming digital #bond issuance will follow the lender's first tokenized security offering, a 100 million euro ($108 million) digital bond in July using the #Polygon (#MATIC) network. More details in the CoinDesk article by Krisztián Sándor. #AltBanking The leading aggregator, bringing the best actionable news, information and opportunities in this rapidly evolving ecosystem right to you. Follow us to stay up-to-date! #finance #fintech #Web3 #tokenisation #digitalassets #innovation #ECB #KfW #digitalbond #tokenization #investment #banking #DeFi https://lnkd.in/eWneWHf7

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💵 Funding News: 🗓️ News Month: October, 2024 🌍 Borderless.xyz Secures $3M to Revolutionize Global Payments! 🚀 New York City-based Borderless.xyz is building the future of cross-border transactions with internet-native money like stablecoins and real-world assets (RWAs). Highlights of the $3M Pre-Seed Round: 🔹Led by Amity Ventures. 🔹Backed by industry leaders like Michael Shaulov (Fireblocks), Jess Houlgrave (WalletConnect), and Anton Katz (Talos). What’s Next? 💡 Expanding Operations to meet growing global demand. 💻 Scaling Development to enhance its cutting-edge platform. Why Borderless.xyz? 🔸Global Reach: Operating in 50+ countries with support for 23 currencies. 🔸Comprehensive Solutions: Cross-border transfers, payouts, collections, onramps, and offramps—all seamlessly integrated. 🔸Future-Ready: Empowering businesses with faster, more secure, and scalable payment infrastructure. Under the leadership of CEO Kevin Lehtiniitty, Borderless.xyz is redefining how the world transacts. 💬 Join the movement towards a borderless financial future! 📢 Stay tuned to Future Techly for the latest updates on this groundbreaking initiative and the latest in tech and business! 💥 Source: FinSMEs ♻️ Repost if you think this insight is worth sharing!

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🌐 Innovative Finance: Iran & Russia’s CBDC and Tokenized Assets Collaboration 🌐 🤝 #GlobalFinanceCollaboration Iran and Russia are making headlines with their cooperative efforts to develop a Central Bank Digital Currency (CBDC) and explore the potential of tokenized assets. Let’s unpack this groundbreaking initiative! Introduction: 💡 #DigitalCurrencyEvolution Amidst sanctions and the quest for financial autonomy, Iran and Russia are joining forces to create their own CBDC and framework for Digital Financial Assets (DFAs), marking a significant move in the global financial landscape. Key Points: -🏦 #CBDCDevelopment Both nations are actively working on a CBDC as a means to facilitate cross-border settlements, bypassing traditional financial systems and sanctions. -📜 #LegislativeProgress Russia has recently passed legislation allowing the use of DFAs in payments, paving the way for a more integrated financial technology ecosystem. -💼 #TradeFacilitation This collaboration aims to simplify trade between the two countries, which have been seeking alternatives to Swift for international payments. -🌟 #FinancialInnovation The move is part of a broader effort within the BRICS nations to develop financial technologies that could potentially challenge the current global payment systems. -📅 #Timeline The earliest we could see the CBDC go live is January 2025, following the implementation of Central Bank of the Russian Federation (Bank of Russia) bylaws. -🤔 #Considerations The development of these digital currencies raises questions about the future of international trade and finance, particularly in relation to sanctions and the dominance of traditional currencies. Industry Relevance: -🚀 #FinanceSectorImpact For those of us in the financial services industry, this development is a clarion call to pay attention to the evolving landscape of digital currencies and their potential to reshape global finance. Additional Insights: -🌎 #BRICSFinancialInnovation With Brazil’s #Pix Brazil instant payment system, Russia’s Faster Payments System (FPS), India’s Unified Payments Interface (UPI), and China’s digital yuan, BRICS is at the forefront of financial innovation. #PaymentSystems #DigitalEconomy -🔄 #UnifiedSystemPotential A unified system that allowed its central banks to settle outside the current system would be a game changer geopolitically. #CentralBanking #GeopoliticalShift 🔮 #FutureOfFinance The Iran-Russia CBDC and tokenized assets initiative is a bold step towards redefining the mechanics of international finance. It’s a development that could herald a new era of financial sovereignty and innovation. #CBDC #TokenizedAssets #IranRussiaFinance #DigitalInnovation #GlobalTrade #FinancialAutonomy https://lnkd.in/e8Mi4sGv

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🚀 Crypto VC Fund Report Analysis: Key Takeaways 🚀 We recently analyzed the Crypto VC Fund Report published by PitchBook, and here are the major trends shaping the space: 💰 Fluctuating Fundraising: Crypto VC fundraising hit an all-time high of $23.7B in 2022, nearly doubling 2021’s total. However, 2023 saw an 88.9% decline, down to $2.6B. 📈 Fund Size Growth: In 2024, the median crypto VC fund size surged 65.1% to $41.3M, as midsized funds ($100M-$500M) proved key to balancing growth and flexibility. 🏅 Emerging Managers' Dominance: Specialized managers continue to lead, though first-time fund shares have dropped from 58% in 2020 to 45.8% in 2024. Both emerging and established managers are thriving. ⏳ Longer Timelines: Fundraising cycles are extending, with the time to close funds doubling from 6 months in 2021 to 21.4 months in 2024, reflecting greater investor caution. ⚠️ Challenges and Recovery: The 2023 slump was driven by reduced token liquidity, regulatory scrutiny, and the fallout of key market players like FTX. 🔄 Signs of Recovery: 2024 is showing promise with $2.2B raised by July, on track to surpass 2023's total. Institutional interest is a driving force behind the revival. 🔮 Looking Ahead: Midsized funds are thriving in a volatile market, while larger funds are recalibrating. Surveys reveal 64% of institutions plan to increase crypto allocations over the next 3 years. While 2023 was challenging, 2024 holds promise for a crypto VC rebound fueled by institutional confidence and a maturing market. 🚀 #CryptoVC #VentureCapital #CryptoFund #CryptoTrends #InstitutionalInvesting #Blockchain #CryptoRecovery

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NEW: IC3 researchers present Liquefaction — a wallet platform that redefines private key control in crypto. Liquefaction allows private key access to be shared, rented, or pooled, supporting multi-user policies around crypto assets without direct on-chain traces. Trusted Execution Environments (TEEs) help make this possible. The research highlights both pro-social applications, such as privacy-preserving DAOs, wallet-level commitments, and mitigating dusting-attack. Liquefaction can also undermine the security and economic models of many applications, including DAO voting, airdrops, loyalty points, quadratic voting, and more. Liquefaction not only challenges assumptions about private key control, but prompts an entire rethinking of asset ownership in crypto as technologies like TEEs evolve. Read more on Liquefaction, researched by James Austgen, Andrés Fábrega, Mahimna Kelkar, Dani Vilardell, Sarah Allen, Kushal Babel, Jay Yu, and Prof. Ari Juels. https://lnkd.in/giZvUCtJ

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In light of the upcoming Artificial Superintelligence Alliance governance vote on the integration of CUDOS and as part of our shift toward a network-wide FET (ASI) token-based participatory governance, we will discontinue AGIX staking on both the Ethereum and Cardano networks to allow token holders who have contributed their tokens to staking to migrate and make their voices heard during this and future governance events. Effectively, only FET (ASI) token holders on Mainnet (native FET), Ethereum, Cardano, and Binance Smart Chain will be eligible to vote on the Alliance’s CUDOS governance proposal. Therefore, AGIX stakers on both Ethereum and Cardano would need to migrate their tokens to ERC-20 FET and CNT-FET, respectively, before the eligibility snapshot on September 19, 2024, at 2:00 pm UTC to participate in the vote. Learn more: https://bit.ly/47q7JyE

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