On Yield, a new fixed-rate lending platform, users can now use Amp to get money from other people. Most DeFi loans have variable interest rates based on real-time supply and demand. On the other hand, Yield lets you borrow at a fixed rate. Check out Lumi’s recent AMA with the Yield team for more information on how Yield can help the Amp community grow.
Flexa Adds Support for Dogecoin
Flexa added Dogecoin to its network after more than 5,000 people retweeted its Thursday tweet in the space of 24 hours. When you spend Dogecoin at more than 41,000 merchants across North America, Amp will back that up with Dogecoin.
First Upfront Flashstake Offer
A new platform called Flashstake lets anyone start staking $FLASH to get Amp tokens. Flashstake rewards betting right away so that future profits can be used right away, cutting down on the risk of staking for a long time. Amp is now the default token option as Flashstake’s first Upfront Flashstake Offering (UFO). It is also featured in Flashstake’s Amp launch video and blog post about the new token.
Amp × Onsen AMA Recording Posted
The video of last week’s Amp Sushiswap Onsen AMA is now online, so if you missed it live, you could watch it now. Thank you to Lumi and Infinite Atman for their thoughtful discussion and support!
This weekend, Amp’s amount of money locked up in the Flexa Capacity contract hit a new record high in the United States. This means that the Flexa network can handle more than $1.7 billion worth of payments. People who stake their Amp in apps like Stake Gemini or Stake SPEDN on the Flexa network will get money in exchange for their Amp.
All You Need to Know
Amp was made with the help of Consensys Diligence and then checked by Trail of Bits. Flexa has been running a bug bounty program for a long time now to keep its collateral contracts safe.
If you use Anyswap’s new Multichain Bridge, you can now move Amp from Ethereum and Matic to Matic and Binance Smart Chain. This means that developers can use Amp as cross-chain collateral for many new apps.
DeFi and Payments News
Flexa has partnered with Aurus Inc., allowing more large businesses to accept bitcoin, ether, litecoin, and DOGE.
According to a Mastercard survey, 40% of people worldwide plan to use cryptocurrency next year. The way people think about cryptocurrency as a payment method is changing, Mastercard discovered.
Using partnership between NYDIG and Fidelity National Information Services, US banks can buy and sell Bitcoin directly from their accounts.
NYDIG also plans to offer debit card rewards and pay interest in bitcoins as time goes on.
Galaxy Digital Holdings, a cryptocurrency financial services firm, buys BitGo, a Bitcoin custodian for businesses. Galaxy Digital is quickly becoming your one-stop-shop-shop for digital assets if you work for a company.
You can now set up your wallet with the Industrial and Commercial Bank of China, one of the world’s largest banks by assets. Users who have the approval to use the digital yuan on Alipay can also now use the digital yuan. This also comes as the digital yuan moves closer to full rollout.
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