Fintech
Noether’s Staking Delegation Mainnet Beta is Now Live!
After months of intense development and testing we are proud to announce that Staking Delegation is live on mainnet.
We would like to thank the community for such valuable participation, feedback, and rigorous testing of the system throughout both of our testnet phases. We have had multiple parties completely auditing the system, including our advisors, alongside a thorough review from Certik.
We are starting with a short mainnet beta phase, followed by a fully decentralized system, where any individual or organization can create and manage staking pools without any limit or cap imposed.
In this beta phase we will start with 3 staking partners: Blockscope, Everstake, HashQuark, who will create and manage pools that are each limited to a maximum of 3.6M CTSI. 3,000,000 CTSI is being staked from Cartesi’s Mining Reserve Intermediate Wallet for testing purposes, ensuring block production and accurate testing. The mine reserve tokens will be immediately unstaked and returned to the mine reserve wallet after the beta period concludes and the cap is lifted. All tokens and earned tokens will go back to the mine reserve and the Cartesi Foundation will cover the fees, ensuring no effect on the supply. 600,000 CTSI is available to be accepted by each pool from the community. The pool managers will choose the commission that will be charged for their operation.
Staking
The steps below show how to delegate your CTSI. We are using screens from the ropsten test network. For mainnet you need to switch to mainnet at Metamask, but the process is the same.
- You need to have Metamask installed.
- You need CTSI in your Metamask wallet.
- You need some ETH in your Metamask wallet.
- Go to https://explorer.cartesi.io, click on “Connect to Wallet”, and navigate to the “Pools” option in the top menu. You should see the screen below (with a different list of pools).
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Select one of the pools by using the “Stake” button on the right of each row to go to the pool page as shown below:
- The first step to stake is to set an allowance for that particular pool. The allowance is the maximum amount of token the pool smart contract can transfer out of your wallet. You can set it to any value you want, your wallet amount, less or more. Click on the “Edit” in the allowance row and submit the ethereum transaction through Metamask. After the transaction is confirmed you should see something like the screenshot below.
- The next step is to deposit your tokens to the pool. You can deposit any amount you want limited only by your wallet balance and the allowance value you just set. Those tokens will need to stay deposited for 6 hours before you can stake them (for security reasons). Click on the “deposit” button, enter the amount and confirm the transaction through Metamask. You should see the screen below, with a countdown of 6 hours.
- After 6 hours you should be able to finally stake your tokens. Go back to the pool page and click on “Stake”, enter the amount and confirm the transaction.
From now on, for every block the pool produces you will get a share of the reward minus the commission taken by the pool. The rewards are automatically compounded.
Unstake
Whenever you decide you can unstake your tokens and withdraw back to your wallet. This process and its rules are described below.
- In the pool page click on the “Unstake” minus button in the “Staked” row. Choose if you want to unstake the full stake amount or a specific amount, and confirm the transaction through Metamask.
- The pool will create the required liquidity for you to withdraw the requested tokens back to your wallet. It might be necessary to unstake tokens from the Staking contract, which can take from 48 to 96 hours (as there might be an ongoing unlocking countdown to generate liquidity for previous unstaking requests). But if the pool has enough liquidity you are able to withdraw your tokens right away by clicking the “Withdraw” minus button in the “Pool” row. Specify the amount, and confirm the transaction through Metamask.
That concludes the basic usage of the staking delegation feature from the pool users perspective. We hope to deliver a great experience to all our community! In case you have any doubts, troubles or just want to give some feedback, you are welcome to join our Technical Community on Discord.
Fintech
Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA)
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Fintech
SPAYZ.io prepares for iFX EXPO Dubai 2025
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Fintech
Airtm Enhances Its Board of Directors with Two Strategic Appointments
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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