It’s official—a truly NoMercy 2021 is now in the rear-view mirror.
Even though 2022 is only a few weeks old, the team is showing no signs of stopping with key developments across tech, business, and the ecosystem.
In this edition’s Ecosystem-focused newsletter we’ll give you a rundown on new strategic partnerships, collaborations, and innovations that are propelling not only AllianceBlock but the entire DeFi industry forward.
Let’s get started!
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In the last couple of weeks, we’ve expanded our ecosystem by…
…Becoming one of the first DeFi players selected to join the Swiss OpenWealth Association, the leading Swiss ecosystem of global financial institutions and WealthTechs whose membership includes Credit Suisse, LGT, and VP Bank. This membership is already paying off, as AllianceBlock’s Regulatory and Compliance solutions were recently discussed by the Managing Director of Credit Suisse at Virtual Blockchain Central Davos hosted by the Global Blockchain Business Council. Tanvi Singh went on to discuss how, through exposure via the OpenWealth Association, the Credit Suisse team was introduced to innovative projects building compliance solutions that will help traditional financial institutions enter DeFi seamlessly and safely. Find out more about how we look forward to lending our expertise and learning from those working at the forefront of change within the global financial system here.
…Partnering up with Supercolony, a major venture studio committed to developing the Polkadot ecosystem, to extend AllianceBlock DEX and Fundrs on Polkadot’s parachains. The partnership will not only bring new liquidity solutions to this major blockchain network, but will also push the development of the next-generation smart contract language ink! on top of Polkadot. By working together with Supercolony, we are paving the way for other developers and projects to extend their preexisting solutions and help Polkadot grow. Read more here.
…and Launching an ALBT/USD Price Feed on Ethereum, enabled by Chainlink’s industry-leading oracle technology. Our team has already implemented this Price Feed in the recently released Payment Portal update for AllianceBlock Liquidity Mining as a Service (LMaaS), our liquidity mining and staking solution. AllianceBlock’s new Price Feed can also be easily integrated into our products, and even third-party sources, such as lending and borrowing platforms, yield farming protocols, and more. All of this serves to lower the barrier of entry for ALBT adoption and utility. More here.
“In order for the financial industry to flourish, we need to find ways to combine DeFi and centralized entities. It is not a case of DeFi versus established institutions.
This will become possible through the transfer of knowledge and resources. A balance is needed to be put in place between the two financial worlds to ensure that their natures aren’t compromised, the distributed nature of DeFi solutions and its advantages remain in place, whilst being adapted to current legislation.”
– Gerben van den Bergh, Chief Innovation Officer and Joshua Forster, Head of Project Delivery, in an article featuring AllianceBlock as part of the CV VC Top 50 Report 2021
We launched ALBT Staking on Mainnet for Fundrs, our upcoming peer-to-peer funding protocol on Ethereum and Avalanche. Staking ALBT on Fundrs allows the users to mint NFTs which represent their Gold, Silver, and Bronze membership tiers and allows them to mint iou-rALBT, the Fundrs reputational token, that will be essential for participating in funding rounds among other features. To date, there is over 8.5M ALBT staked already on the platform, underlining the community's excitement about the future of the protocol. Read more here. We also posted a handy thread breakdown on Twitter!
Leading layer 1 blockchain, Energy Web, announced AllianceBlock Bridge as the preferred bridging solution for their community. Our bridge now connects Energy Web’s ecosystem to Ethereum, Binance, Avalanche, Polygon, Arbitrum, and Optimism. It also increases utility for ALBT, by offering fees in Energy Web-native EWT and swapping them for our token in a shared pool.
AllianceBlock has been listed as one of the Top 50 best-performing blockchain firms in the Crypto Valley! 🙌 You can find our company in the annual report curated by the influential CV VC and one of the 'Big Four' global accounting firms, PwC. Read about us on page 24 here.
“DeFi and traditional finance can complement each other by facilitating innovation and reducing compliance and regulatory costs across borders. In order for DeFi to be accepted as a viable and complementary component of finance, it must embrace industry standards and increase transparency across the board.”
Our Chief Innovation Officer Gerben van den Bergh got interviewed in Fintech Review. Asked about the biggest challenges for wider adoption of crypto, he answers:
"UX poses a challenge when it comes to crypto. This is why AllianceBlock is aiming to be the industry benchmark on UX, creating sleek, easy-to-navigate products that simplify processes across DeFi."
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