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Tag: Connect

  • Hashbon Moves to DeFi to Launch CDEX Platform and Connect Ethereum and Binance Smart Chains

    Hashbon Moves to DeFi to Launch CDEX Platform and Connect Ethereum and Binance Smart Chains

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    As decentralized finance (DeFi) garners more traction in the blockchain industry, more projects also get launched into the market. By the end of 2020, the DeFi market size stood at approximately $16 billion. However, within the Q3 2021, the market size has grown to an estimated $154 billion in total value locked.

    The exponential market growth is the major reason we have more projects entering the DeFi market. These new projects are not just launching into the market; they are offering solutions to some of the issues in the industry. This is the case of Hashbon FiRe (Finance Reinvented ecosystem) as it enters the DeFi market with its Hashbon Rocket, a decentralized cross-chain token exchange.

    The Hashbon Rocket CDEX Platform

    Hashbon Finance Reinvented prepares to launch its Hashbon Rocket on September 9, 2021. The Hashbon Rocket CDEX platform is to become the first cross-chain decentralized exchange. This pioneer CDEX platform seeks to solve the problem of exchanging any ERC-20 token for any BEP-20 token in a decentralized finance manner. Unlike the traditional decentralized exchanges that support only intra-chain swaps, Hashbon Rocket CDEX will begin with exchanges between Ethereum and Binance Smart Chain blockchain protocols. The platform will later expand to accommodate other Ethereum Virtual Machine (EVM) compatible networks.

    Hashbon Rocket CDEX-platform will use the proof-of-stake (PoS) consensus mechanisms. Here, the arbiters (judges) make decisions, and the power of their share is dependent on their share of HASH tokens. The higher the number of HASH tokens that arbiters have, the higher the reward for a correct response and, conversely, the higher penalty for an incorrect vote. If you want to study the full details of the Hashbon Rocket algorithm, kindly see the project’s whitepaper.

    According to the CEO of Hashbon Rocket, Grigory Bibaev, “cross-chain exchange between EVM-compatible blockchains is just the first step. In the future, we see Hashbon Rocket as a multifunctional DeFi platform that provides a variety of services from DeFi bonds for corporations to lending and staking.”

    Token for Governing Hashbon Rocket (HASH)

    HASH token is a BEP-20 and ERC-20 compliant token and can be tracked on EtherScan and BscScan. It will serve as the utility and governance token for the Hashbon Rocket cross-chain decentralized exchange. It is the fuel that empowers the different system participants. To make exchanges on the Hashbon Rocket CDEX platform, liquidity providers must pay arbiters with HASH tokens. In turn, these arbiters will use the tokens as voting power for verifying and approving transactions. The tokens can also give arbiters the power to submit proposals to Hashbon.

    Also, the people wishing to issue DeFi bonds or launch a crowdsale make use of the HASH token. Currently, HASH is available on the Pre-Sale before Rocket’s launch for those who are ready to take advantage of its price and entering this DeFi ecosystem at the earliest stage. Before, HASH was listed on Uniswap, PancakeSwap, BurgerSwap, and also placed on CoinMarketCap and CoinGecko.

    Overview of the Hashbon Ecosystem

    Hashbon FiRe is a crypto payment ecosystem that was launched in 2016. The vision of the platform has been to bring crypto payments to crypto enthusiasts and day-to-day businesses. As the team seeks a new era of blockchain and decentralized finance development, “Finance Reinvented” (FiRe) became their mission.

    In their quest to revolutionize the crypto payment landscape, Hashbon has created a diversified ecosystem that includes the following:

    Hashbon Rocket CDEX-platform: Designed for swapping cross-chain tokens.

    Hashbon Quant Wallet: Developed for the smooth transfer and receiving cryptos safely.

    Hashbon React Payment Gateway: It allows merchants to accept payments in 30+ cryptocurrencies without having to pay any commission.

     

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  • Connect to Dapps on the Polygon network with Coinbase Wallet

    Connect to Dapps on the Polygon network with Coinbase Wallet

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    The Polygon network is now available on Coinbase Wallet mobile app and extension, with more scaling solutions to come

    We’re excited to launch support for using decentralized apps (dapps) on the Polygon network, both for Coinbase Wallet mobile and extension.

    Over a million Coinbase Wallet customers are using decentralized finance apps such as Uniswap, Compound and Aave, and NFT platforms like OpenSea and Zora. However, there are often high transaction fees and long confirmation times. And users with smaller transactions can be priced out of being able to participate in the open financial system. This has made the need for accessible scaling solutions even more important.

    We are excited to support the Polygon network, which has recently emerged as one of the leading scaling solutions. This integration will allow for faster and cheaper transactions, and provide easier access to dapps on Polygon.

    Last year, we added support for Optimistic rollups, another scalability solution, and today’s announcement underscores our dedication to making DeFi more accessible.

    Connect Polygon & Coinbase Wallet
    We’ve made it simple for users to set up and get started with Polygon in a few steps:

    Open up your Coinbase Wallet mobile app. Navigate to Settings, select Active Networks and then Polygon network from the list.

    Once you enable “Polygon”, this will allow you to conduct transactions and access dapps on the Polygon network. (Don’t see Polygon? Please check that you are running the latest version of the Android or iOS Coinbase Wallet app.)

    The switch to the Polygon network will automatically be reflected on both the mobile app and in the Coinbase Wallet extension.

    Get Started with Polygon
    To get started, visit the Polygon Web Wallet and connect your Coinbase Wallet. Use the Polygon Bridge platform to send some ETH or any Ethereum token like USDC, DAI, UNI, etc. from the Ethereum mainnet to the Polygon network. Once you have moved some coins over to the Polygon network, you can try out the latest Polygon dapps. For example, you can try lending out your coins to earn interest on Aave for Polygon.

    Looking Ahead
    We want to enable millions of more users to engage in the world of decentralized finance and dapps. In the coming months, we’ll continue to take steps to make it easier for users to access and interact with a variety of Layer 2 networks both on mobile and web.

    Developers: Integrate your dapp with Coinbase Wallet
    If you’re a developer of apps on Ethereum, Polygon or Optimism, you can easily add support for Coinbase Wallet users by integrating the WalletLink SDK, which lets users sign into your dapp with Wallet (get started here). If you have previously integrated WalletLink into your dapp, please upgrade to the latest WalletLink SDK version 2.1.4 or later to add support for Polygon.

    We’re always listening to our customers and welcome feedback and troubleshooting questions via our help center.

    This website may contain links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

    Unless otherwise noted, all images provided herein are by Coinbase and are for illustration purposes only. Actual product may vary, including the dapps available and integrated with Coinbase Wallet.

    Connect to Dapps on the Polygon network with Coinbase Wallet was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.



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