Thrupenny Launches Staking Functionality to Democratize Finance

In the context where staking has taken center stage, Thrupenny, a decentralized financial ecosystem announced the launch of its staking functionality. The addition of this new feature will facilitate the users with a secure and user-friendly way to earn rewards for participating in the platform’s governance and supporting the growth of the ecosystem.

Elaborating more about this new feature, the CEO of Thrupenny, Alvis Leong, stated:

We are thrilled to bring staking to our users and continue our mission to democratize finance. This new functionality is an important step in our journey to empower individuals and communities to take control of their own financial futures and we look forward to continuing to serve our users and grow our community.

Additionally, Thrupenny’s platform provides users with secure storage, trading, and management of digital assets, as well as access to a range of DeFi services. These services include lending and borrowing, allowing users to earn interest on their assets and access liquidity when they need it.

As an entity built on the ethos that financial freedom should not be limited to a selected few, Thrupenny states that it is on a mission to offer a broad range of financial services that meet the needs of a wide-ranging user base, from web2 to web3, and from retail investors to institutional players.

According to reports, Thrupenny’s decentralized financial ecosystem is built on the principles of transparency, security, and accessibility, and is designed to cater to the needs of a diverse user base.

With the addition of its staking functionality, Thrupenny aims to play a pivotal role in the decentralized financial market. Moreover, the company prioritizes empowering individuals and communities to manage their financial futures, and the launch of staking is considered substantial progress toward achieving that objective.

Meanwhile, the Thrupenny token (TPY) is priced at $0.518514 according to CoinMarketCap. When considering the past seven days, TPY resided in the red zone for four days before the bulls pushed the token to the green zone. Currently, TPY is moving laterally with few vertical movements.

Comments

Post a Comment

Popular posts from this blog

3 cryptos below $0.2 to outperform Polygon (MATIC) in 2024

Image
Welcome to the world of cryptocurrency, where trends shift rapidly and opportunities abound. In this dynamic landscape, investors are constantly seeking the next big thing. Today, we explore three cryptocurrencies priced below $0.2 that have the potential to outshine even established players like Polygon (MATIC) in 2024. From the meme-fueled momentum of Shiba Inu (SHIB) to the innovative strides of Retik Finance (RETIK) and Stellar's (XLM) promising developments, these gems offer enticing prospects for growth. Let's delve into their potential and what sets them apart. Overview of Polygon (MATIC) and Its Performance Polygon, formerly known as Matic Network, has emerged as a leading layer 2 scaling solution for Ethereum, aiming to address the network's scalability issues. With its innovative technology, Polygon provides faster and cheaper transactions, making it an attractive choice for decentralised applications (dApps) and developers. In 2023, Polygon experienced sign...
Read more

Horizen Labs, Offchain Labs, and Arbitrum Foundation Develop Apechain

Horizen Labs, Offchain Labs, and the Arbitrum Foundation have initiated the development of a dedicated blockchain, Apechain. Apechain will utilize APE as its utility and gas tokens, fostering the expansion of the token’s reach. The platforms shared their enthusiasm for the new development while the community accepted the proposal. In a bid to expand the utility and reach of APE coin, Horizen Labs, Offchain Labs, and the Arbitrum Foundation have initiated the development of a dedicated blockchain, Apechain. In a recent revelation, the blockchain platform, Offchain Labs, unearthed the community’s acceptance of the Apechain development proposal, indicated by a more than 50% support rate. Congratulations to @apecoin DAO on its decision to develop ApeChain utilizing the Arbitrum tech stack! With $APE serving as both the gas and governance token for ApeChain, Arbitrum Orbit's customizability empowers @ApeCoin DAO with true ownership and control over this… ...
Read more

First Republic: U.S. Government Coordinates "Urgent Rescue Talks" to Rescue Bank

Image
U.S. officials are reportedly leading urgent talks to rescue First Republic Bank . This comes at a time when private-sector efforts ushered by the bank’s advisers are yet to pocket a finalized deal. Citing three unnamed sources familiar with the matter, a recent Reuters report revealed,   “The Federal Deposit Insurance Corporation (FDIC), the Treasury Department, and the Federal Reserve are among government bodies that have in recent days started to orchestrate meetings with financial companies about putting together a lifeline for the troubled lender.” JUST IN: US Government coordinating urgent meetings to rescue First Republic Bank $ FRC . — Watcher.Guru (@WatcherGuru) April 28, 2023 Also Read: Crypto x Stocks: Is Un-Correlation in Play? At this stage, it is still not clear if the U.S. government is looking to take part in a private-sector rescue of First Republic. Nevertheless, one of the sources reportedly revealed that the government’s engagement has “emboldene...
Read more