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Unizen Grows Its CeDeFi Exchange, Adding ZCX/USDT Trading Pair Into The Mix

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Unizen Grows Its CeDeFi Exchange, Adding ZCX/USDT Trading Pair Into The Mix

CeDeFi exchange platform Unizen is adding new options for holders of its utility token with the addition of the ZCX/USDT trading pair on its platform.

Unizen is the operator of a smart exchange platform that’s focused on marrying centralized and decentralized exchanges, a concept known as CeDeFi. Its platform operates under customary financial regulations yet also plays nicely with modern innovations within the world of decentralized finance. Through Unizen, traders get to access the liquidity of centralized exchanges and the unique functionality of various DeFi apps, along with the best possible rates when trading different assets.

Besides its advanced trading options, Unizen offers Dynamic Multi-Asset Staking functionality where users can stake their ZCX tokens in an array of liquidity pools to earn rewards in multiple kinds of crypto assets.

ZCX also enables governance, with holders able to vote on various issues affecting the platform that require the community’s consensus. In addition, ZCX holders get to participate in crowdfunding on ZenX Labs, which is Unizen’s accelerator for emerging crypto projects.

Given the versatility of the ZCX token it has seen big demand from Unizen’s community. There will likely be a lot of interest in the ZCX/USDT trading pair, which gives holders the ability to easily swap their tokens with Tether stablecoins.

There is more to come as well, as Unizen has promised that this is the first of many new listings to emerge on its platform. Over the coming weeks and months, Unizen said plans to launch multiple new trading pairs that will provide additional options and opportunities for its users.

As to what those new pairs will be, that hasn’t been revealed. However, Unizen said the forthcoming pairs will include a number of “partner projects” as well as the winners of its “Tournament of the Alt” competition. With so much to look forward too, Unizen believes its platform is all set to become the “destination of choice” for retail and institutional investors looking to explore the emerging world of CeDeFi.

 

Image source: Unizen
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Axie Infinity’s Creator Sky Mavis Announced Plans To Reopen Ronin Bridge

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CoinFLEX Exchange Pauses Withdrawal Citing Extreme Market Conditions
  • Sky Mavis reported that the re-designed Ronin Bridge had passed an audit.
  • In April, the business received $150 million in further capital funding.

Axie Infinity’s creator, Sky Mavis, has announced plans to reopen the Ronin Bridge, which was hacked for $552 million in March. According to the most recent community update, the reopening of the Ronin Bridge, used by users to move assets between the Ronin chain and the Ethereum network, is scheduled for June 28th.

Certik Audit With Minor Changes Completed

According to the team, all node operators’ software will need to be updated as well since a hard fork is necessary for the bridge’s relaunch. In contrast, node operators who are not validators on the network will need to follow particular instructions provided by the developers to implement the system.

An estimated $552 million in Ethereum and USDC (at the time of the attack) was drained from the protocol by the Ronin bridge vulnerability at the end of March and was one of the biggest in the crypto industry.

Five of the network’s nine validator nodes, including four of Sky Mavis’ own validators, were apparently compromised by the attacker, who used stolen private keys to sign transactions. With minimal changes from Certik, Sky Mavis reported earlier this week that the re-designed Ronin Bridge had passed an audit.

Certik’s suggestions are being implemented, and the validator Governance Smart Contract will be deployed soon, Ronin stated on Tuesday. Sky Mavis has promised to either retrieve or repay the user monies that were taken as a result of the event. In April, the business received $150 million in further capital. Animoca Brands, Andreessen Horowitz, Paradigm, and others joined Binance in the fundraising effort.

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FTX Reportedly Planning To Buy Stake in Crypto Lending Firm BlockFi

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FTX Reportedly Planning To Buy Stake in Crypto Lending Firm BlockFi