Ethena and Securitize to Launch RWA Blockchain Converge, Targeting Q2 Mainnet
The Converge blockchain will leverage Arbitrum and Celestia technologies to deliver fast block times, use USDe and USDtb as gas tokens, and run a validator network secured by staked ENA.
It will support both permissionless DeFi applications and permissioned institutional products, bridging traditional finance and crypto rails on a single chain.
The Converge blockchain will leverage Arbitrum and Celestia technologies to deliver fast block times, use USDe and USDtb as gas tokens, and run a validator network secured by staked ENA.
It will support both permissionless DeFi applications and permissioned institutional products, bridging traditional finance and crypto rails on a single chain.
Top Fundraising Rounds conducted in the last 7 days
Projects that received the most funding include Auradine ($153M), an infrastructure for Bitcoin mining and AI apps; Layerzero ($55M), a blockchain messaging protocol; World Liberty Financial ($25M), a Donald Trump-backed earn and borrow crypto platform.
Projects that received the most funding include Auradine ($153M), an infrastructure for Bitcoin mining and AI apps; Layerzero ($55M), a blockchain messaging protocol; World Liberty Financial ($25M), a Donald Trump-backed earn and borrow crypto platform.
MANTRA CEO initiates OM tokens burn worth $156 million
John Patrick Mullin is burning his 150M OM token allocation, with an additional 150M OM from team and core contributor holdings set to be burned after the unstaking period.
โOn April 13, 2025, MANTRA's OM token experienced a 90% plunge, dropping from over $6 to below $0.50 within an hour and erasing approximately $5.5 billion in market cap.
John Patrick Mullin is burning his 150M OM token allocation, with an additional 150M OM from team and core contributor holdings set to be burned after the unstaking period.
โOn April 13, 2025, MANTRA's OM token experienced a 90% plunge, dropping from over $6 to below $0.50 within an hour and erasing approximately $5.5 billion in market cap.
Initia introduces the INIT tokenomics ahead of its TGE
Out of the 1,000,000,000 INIT total supply, 50 million tokens are allocated to airdrop campaigns, 30 million to Binance Launchpool incentives, and 10 million to the Echo community sale. The initial listing is scheduled for April 24 at 11:00 AM UTC on Binance and other exchanges, with a pre-market price of $0.70.
Out of the 1,000,000,000 INIT total supply, 50 million tokens are allocated to airdrop campaigns, 30 million to Binance Launchpool incentives, and 10 million to the Echo community sale. The initial listing is scheduled for April 24 at 11:00 AM UTC on Binance and other exchanges, with a pre-market price of $0.70.
๐น FRAX ๏ผA stablecoin pegged to $1
๐น FXS ๏ผ The governance + utility + value token that supports the protocol
When minting FRAX, users must provide:
โข Some collateral (e.g. USDC)
โข Some FXS (which gets burned)
FXS holders can vote on:
โข Collateral ratios
โข Accepted assets
โข Protocol parameters
โข Future upgrades & partnerships
Frax earns fees from:
โข Minting & redemption
โข Lending (e.g. Fraxlend)
โข Decentralized trading (e.g. Fraxswap)
These can be:
โข Shared with FXS stakers
โข Or used to buy and burn FXS โ reducing supply, increasing value
FXS is regularly burned to reduce supply
FXS = Ownership + Power in the Frax Ecosystem
Use it to:
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๐ค Who is the Founder of Frax Share (FXS)?
The founder of Frax Share (FXS) and the Frax Protocol is Sam Kazemian.
๐ฎ About Sam Kazemian
๐ฎ Full Name: Sam Hamidi Kazemian
๐ฏ Birth Year: 1993
๐บ๐ธ Nationality: Iranian-American
๐ Education: Studied philosophy and neuroscience at UCLA (University of California, Los Angeles)
โ๏ธ Background Highlights:
โข Co-founder of Everipedia โ a blockchain-based alternative to Wikipedia
โข Founded Frax Protocol in 2019
โข The protocol was originally called "Decentral Bank"
๐ May 18, 2025
๐ Frax Share (FXS) Official Team
The founder of Frax Share (FXS) and the Frax Protocol is Sam Kazemian.
๐บ๐ธ Nationality: Iranian-American
โข Co-founder of Everipedia โ a blockchain-based alternative to Wikipedia
โข Founded Frax Protocol in 2019
โข The protocol was originally called "Decentral Bank"
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FXS staking plans offer competitive yields โ ideal for investors looking for steady crypto income.
Choose the plan that fits your budget and schedule.
โ Multiple options
โ Full control
Stake directly from your crypto wallet โ you always retain 100% control of your assets.
๐๐ปโโ๏ธ 24/7 Customer Support
Need help? Our team is available around the clock for a seamless experience.
โ Attractive, Fixed Daily Rewards
โ Customizable Staking Durations
โ Secure Staking via Your Own Wallet
โ Backed by a Scalable, Cross-Chain Ecosystem
Frax Share staking is a stable, high-efficiency opportunity, perfect for long-term crypto investors.
Thank you for your trust and support!
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To help you quickly complete the staking process, please follow the steps below ๐
๐น Step 1: Register an Account
Open the official app and complete registration using your email or phone number, then log in.
๐น Step 2: Access the Homepage
After logging in, go to the homepage and click "Stake Now" to enter the staking page.
๐น Step 3: Deposit USDT (If Your Balance Is Insufficient)
Click the "Deposit" button to add USDT to your wallet balance.
๐น Step 4: Enter Staking Amount (USDT) and Staking Duration
Fill in the amount of USDT you wish to stake and select your desired staking duration.
๐น Step 5: Review and Confirm Staking Details
After confirming that all information is correct, click the "Confirm Staking" button.
๐น Step 6: Staking Success Notification
Once staking is complete, a "Staking Successful" notification will appear.
You can view your staking status and details in "Staking Records".
๐น Step 7: View Earnings and Manage Staking
You can check your current staking earnings and asset information at any time in the staking page.
๐น Step 8: Claim Earnings
When your staking meets the withdrawal conditions, you can withdraw your earnings to your cryptocurrency wallet or exchange account.
Thank you for your trust and support!
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