$LNDX Supply Shock
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What’s happening at LandX this week?
🔥 1,000,000 $LNDX Burned!
In a move that showcases community unity and solidarity, voters achieved a 99.16% majority vote to burn one million LNDX tokens, valued at $2.4 million dollars.
The transaction has already been completed, permanently removing 1,000,000 $LNDX tokens from the total supply.
Read all the details here.
🤝 LandX Partners With MEV Capital
LandX Finance and MEV Capital have joined forces to blend agriculture with decentralized finance, presenting a unique investment opportunity in agricultural yields.
This strategic partnership merges MEV’s treasury management acumen with LandX’s agricultural financing model to infuse the DeFi space with a new asset class — agricultural yields.
MEV Capital is a powerhouse in digital asset management focusing exclusively on DeFi. The team manages over $200 million in digital assets using strategies that resemble traditional investment. This approach brings a depth of knowledge in investment banking, derivatives trading, and blockchain technology, to position them as a key player in the DeFi space.
Read the full article here.
🤝 LandX Partners With Alvara
LandX has successfully leveled up diversification and portfolio management for digital investors everywhere. Through our partnership with Alvara Protocol we’re now able to deliver xBasket to on-chain funds the world over.
Alvara is an innovative DeFi protocol simplifying the creation and management of funds by ensuring a straightforward, accessible, and competitive experience for all.
The platform facilitates the creation of customized, tokenized, baskets of assets for anyone connecting a compatible web3 wallet. Our partnership introduces xBasket into this rapidly growing environment and has far-reaching implications across the industry.
Read the full article here.
📰 The State of DeFi
Decentralized finance is evolving to capture institutional attention in record numbers, and every two weeks we bring you the high points throughout the sector.
The TVL of liquid restaking recently broke $8.4 billion, led by EtherFi. Much of the surge in interest could be attributed to Eigenlayer’s innovation and hype surrounding an upcoming airdrop from the flagship restaking protocol.
DeFiSaver, a leading app for users to manage their positions throughout decentralized finance, has partnered with account abstraction leader Safe to enhance user experiences.
Solana developers are now able to integrate the exchange of USDC directly with Ethereum and EVM networks thanks to the implementation of Circle's Cross-Chain Transfer Protocol (CCTP).
A tokenized loan provided by Goldfinch worth $20m is at risk after the borrower's investment strategy did not perform as expected. The pool granted a $20m USDC loan to Stratos in February 2022, with $7m of that balance now not being repaid.
Read the full post here.
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