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DeFi.org Launches the Open DeFi Notification Protocol Powered by the Orbs Network
Orbs ushers in the next era of decentralized finance by being the infrastructure provider for the new Open DeFi Notification protocol. The new Protocol enters public beta today and can be accessed on Apple and iOS devices.
Tel Aviv, Israel–(Newsfile Corp. – January 25, 2022) – Orbs, together with the greater DeFi community under the DeFi.org banner, introduces the Open DeFi Notification Protocol. The technology is powered by Orbs and helps users acquire decentralized and free mobile notifications for crucial on-chain events. The Open DeFi Notification Protocol supports multiple networks, including Ethereum, Binance Smart Chain, Polygon, and others.
Decentralized finance projects can take advantage of this technology to increase awareness of their offerings. Notifications can pertain to accumulated pending rewards, price changes, near liquidations, contract upgrades, stop-loss limits, governance votes, and anything else developers consider worthwhile communicating.
The Open DeFi Notification Protocol, powered by Orbs, has the support of various top DeFi protocols seeking integration into the mobile application. Thanks to its cross-chain properties, it is easy to integrate protocols across multiple blockchains, including BSC, Polygon, and Avalanche. Moreover, the Open DeFi Notification Protocol accommodates various functionalities, including DEX-AMMs, yield aggregators, vaults, and more.
Launch partners and contributors include Quickswap, Trader Joe, Dot.Finance, Dinoswap, Revault Network, WOWswap and KogeFarm. Supported networks include Ethereum, Binance Smart Chain, Polygon and Avalanche.
Orbs is proud to be the first project to implement this new protocol and contribute to the growing success of the initiative under the DeFi.org banner. Moreover, this Protocol is an example of how Orbs pushes the boundaries of Layer-3 innovation. Its infrastructure layer capable of reading various activities on underpinning Layer-1 and Layer-2 networks provides DeFi users with crucial information to enhance their strategies.
About Orbs
Orbs is a public blockchain infrastructure designed for mass usage applications. The Orbs protocol is decentralized and executed by a public network of permissionless validators using Proof-of-Stake (PoS) consensus.
Orbs unique features designed for interoperability with EVM-compatible blockchains, together with its decentralized network of nodes, allow it to be set up as a separate execution layer (“L3”) operating to enhance the capabilities of EVM smart contracts. By working in conjunction with other L1 and L2 solutions as part of a tiered blockchain stack, Orbs opens up a whole new spectrum of possibilities for DeFi, NFT, Metaverse and GameFi.
Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a dedicated team of more than 30 people, with offices in Tel Aviv, London, Singapore, Tokyo and Seoul.
For more information, please visit www.orbs.com, or join our community at:
Telegram: https://t.me/OrbsNetwork
Twitter: https://twitter.com/orbs_network
Contact:
Ran Hammer
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111510
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
Photo – https://mma.prnewswire.com/media/2416426/eWTP_Preqin.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ewtp-arabia-capitals-technology-fund-i-recognized-as-top-performing-vc-fund-in-the-preqin-league-tables-302149554.html
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