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“Algorithm + Credit” Rebuild the Value Foundation of DeFi

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5 years ago

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DeFi still has higher attention, with rapid technological innovation and continuous expansion of application scope, The goal of DeFi is undoubtedly to build a more effective, free, and transparent financial ecology. However, finance always develops with money and brings value exchange. Therefore, whether it is a decentralized scenario or a mass application toward reality in the future, stable cryptocurrency is crucial for users, so as to realize the dream of making virtual ideas become reality.

For this reason, in the field of cryptocurrency, many teams have been exploring stable currency. According to CryptoQuant data, stabilecoin holdings on global crypto exchanges hit a high record of $9.8 billion as of March 28, 2021. At the same time, the total stable currency market capitalization once topped $80 billion, according to CoinGecko, the current daily trading volume of all stable currencies is about $118.340 billion. Also, CoinMarketCap shows there are 16 mainstream stable currencies now.

The stable currency is illusory?

In general, both USDT and DAI are still on their way and haven’t really achieved the goal of “stable currency”. Tether’s White Paper said: “Tether is a decentralized cryptocurrency, but we are not a perfectly decentralized company. We store all of our assets as a centralized pledge.” Therefore, USDT is just borrowing the name of the cryptocurrency, but it is not really decentralized.

DAI, developed by MakerDao, is the largest decentralized stable currency on Ethereum. It is issued with the guarantee of the full amount of assets on the blockchain. It is only generated in the application scenario based on the mortgage, and the market value of the mortgage assets is the ceiling of it. Therefore, these stable currencies are illusory in a sense.

Will algorithmic stable currencies finally fail?

Now let’s take a look at the development process of algorithmic stable currencies, known as the holy grail of cryptocurrency. From stable currency1.0 represented by AMPL, stable currency2.0 represented by Basis Cash to stable currency 3.0: Frax Finance, all of them have gone through a period of growth. However, the stable currency reality is that we live under the sense of “ever-changing”, and stable value is still in the ideal.

AMPL algorithmic stable currency is used to increase or decrease the supply of AMPL in order to keep the price of AMPL around $ 1. Ampleforth uses Rebase operation to change the AMPL held by all users as a whole. The Rebase price is based on the average price of the past 24 hours. When this price is above $1.05, the AMPL balance in all users’ wallets increases simultaneously. At prices below $0.95, all users’ AMPL balances decrease simultaneously. During this process, the percentage of AMPL held by users in the supply does not change. It looks like everything is fine on its own, but when the price of cryptos falls to the point where deflation is needed, both the quantity and price of coins held by users are falling, so users face a double whammy.

So it’s easy to create a death spiral. Similarly, when crypto price rises, it is easy to create an upward death spiral. Thus it can be seen that this price model only has two possibilities: the price continues to fall, get into the infinite death circle and leave the market, and the price rises steadily to around 1USDT; Prices rising, the AMPL has been printing (dividend), AMPL reserve disappeared, crypto began to value return, people in loss cannot gain AMPL, prices will fall back near 1 USDT (need funds continue getting into the market), so it is difficult to see AMPL achieve speculation, meanwhile achieve stability, And stability is a necessary condition for a stable currency.

Basis Cash, as represented by 2.0, includes three tokens, Basis Cash (BAC), Basis Share (BAS), and Basis Bond (BAB), among which BAB is non-transferable. The BAC is the stable currency, anchored to $1; BAS is an equity token, and newly-minted BAC tokens can be allocated. BAB is a bond. There is nothing wrong with Basis Cash based on the algorithm itself, but without a good application scenario, relying on the debt market itself is dangerous. There is actually a problem with debt financing in traditional markets, where those “too big to fail” entities can take on the risk of impunity through socialized bailout costs. It is entirely possible that Basis Cash could go into a debt spiral, in which case there would be no willing contributors, the debt would accumulate and the protocol would collapse.

Finance FX is the first partial algorithmic stable currency project, adding the concept of using “partially stable” as a collateral asset to the existing algorithmic stable currency. There are two types of tokens in Frax, the stabilization token Frax, and the governance token FXS. Frax costs USDC and FXS, but only USDC during creation. The initial mortgage rate is 100%, that is, all USDC mortgage is used to cast FRAX. After that, the mortgage rate will be adjusted every hour. If the price of FRAX is more than $1, the mortgage rate will be reduced and FXS ‘share in it will be increased. Raise the mortgage rate if the Frax falls below $1. The mortgage rate is adjusted every hour by 0.25% each time. But its high mortgage ratio leads to the lack of user appeal, its currency numbers and market supply have been stagnant.

Although the above three generations of stable currencies seem to be making breakthroughs and innovations, they do not give a satisfactory answer on how to solve the credit problem. However, algorithm stable currency that cannot solve the credit problem is useless. Bitcoin came into being to solve the problem of credit, but the stable currency, as an important extension of its development, has not inherited the legacy of credit, and is still stuck in the algorithm.

Crypto Credit Network (CCN)

In the financial field, credit is the foundation and the lifeblood. This is true of both traditional and modern financial systems. In the traditional financial system, credit mainly relies on the guarantee of laws and institutions. Apart from the high operation cost, the “credit crisis” gradually exposed by financial intermediaries is the fundamental reason why people urgently embrace the blockchain technology. Algorithm stable currency is going to help cryptos solve the credit problems, guaranteeing machine credit by algorithm, which does not rely on third-party subjective will and makes transaction transparent, efficient, reliable, and stable, let people who do not have to establish credit relationship between each other to achieve cooperation and free trading, reduce the cost of credit.

However, the world of blockchain cryptocurrency is a chaotic existence without a role name. To change from chaos to brightness, each individual needs to have his or her own identity, so that we can obtain the faith like phoenix nirvana. The CCN gives each individual a unique CID (Crypto Identification), which is the most basic rule in the Crypto world. To build a new crypto world of order, autonomy, and equality.

The construction of CCN not only takes blockchain technology as support, but also has a reasonable economic incentive mechanism. Reasonable use of incentive mechanism is an effective means to stimulate all parties to participate in the construction of CCN.

A sound incentive mechanism, reasonable mechanism design from the perspective of leading efficiency and fair governance, can make the value generated by credit information flow effectively to the value provider in the blockchain world, punish the evil behavior, and resolve the conflict between individual interests and collective interests. It makes the individual’s behavior of pursuing individual interests unified with the goal of maximizing collective value.

Therefore, CCN can further clarify the economic interests of each participant and the overall interests of the network, so as to fully mobilize the enthusiasm of each participant and guarantee great development of CCN from the source.

The CCN consists of three different identities: Creator, Guardian, and Angel, all of them have established screening mechanisms. Only firm believers can obtain the CCN identity. Early believers are required to contribute to maintaining the stability of early CCN by burning GAC tokens. Therefore, they are not only holders of GaeaCoin, but also determined preachers and builders. When GaeaCoin issues additional shares, it will also receive a corresponding percentage of GAC tokens as a reward.

The establishment of this system aims to provide every GaeaCoin participant with the opportunity to contribute to the community construction, and to create a healthy crypto community culture of dedication and autonomy through consensus, symbiosis, co-construction, and sharing.

In CCN, although the identity is different, the residents on the chain of CCN build the initial transaction link according to their CID address, and constantly expand CCN on the chain. Open CID needs to be recommended by the network resident, once the link is formed, it cannot be changed forever. Each of the three different identities requires a different number of GAC tokens to burn, which can be viewed on the GaeaCoin network. GaeaCoin network residents have different rights according to their status.

The integration with the DEX: OxySwap has pioneered a full range of applications

There is a natural interdependence between exchange and stable currency. The exchange has always been an important part of crypto digital asset market, and it is also the first application place of stable currency. Like Binance with BUSD and Huobi with HUSD, OKEx also launched USDK on June 3, 2019. Traditional CEXs are fiat currencies, where fiat currencies are exchanged for cryptos. If you want to buy crypto digital assets, you need to top up fiat currency, which undoubtedly increases the economic and time costs of investors in the process of exchange. The emergence of a stable currency can not only solve the above problems but also effectively avoid legal risks in the process of the transaction.

As it should be, the integration of GaeaCoin ecology and OxySwap not only lay a solid foundation for stable currency: GAC token application, but also creates opportunities for it to open up more and wider application scenarios.

OxySwap is a decentralized exchange running on the BSC with a collection of DEX liquidity mining, which offers functions of exchange, liquidity, market making, and so on. The strength of OxySwap guarantees the usages of the stable currency: GAC.

GAC will lead a brighter way

GaeaCoin algorithm stable currency: GAC dares to face the challenge, according to the industry news, GAC praises is not only relatively stable from the concept, but also to really put into application. In addition to GAC (GaeaCoin), GaeaCoin ecology also includes GAB (GaeaCoin Bond) and GASH (GaeaCoin Share), which serve to maintain the stability of GAC. GaeaCoin Ecology also integrates GaeaCoin protocol, algorithm, robustness, price response, encryption, and other technologies, superposed with the DeFi ecology of Crypto Credit Network (CCN), OxySwap (DEX), and so on, providing a realistic solution for GAC, and leads it to move towards the real “stability”.

The integration of CCN and OxySwap points out the direction for the application of algorithmic stable currency. In fact, we can already feel the power of the GaeaCoin algorithm stable currency, and once it is used at a large scale, the ideal stable currency is expected to arrive ahead of time. DeFi will also build on this basis, using currency, lending, spot trading, and other components to build continuously upgraded Lego of DeFi.

GaeaCoin’s move directly challenges the world’s centralized stable currency giants such as USDT and USDC, but compared to the previous challenges of AMPL, BAC, and FRAX, this well-prepared challenge looks more anticipated!

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

WeChange Launches Across 190+ Countries to Expand Crypto Access Worldwide

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4 hours ago

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February 2, 2026

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Budapest, Hungary, 2nd February 2026, ZEX PR WIRE— WeChange, a noncustodial global crypto onramp, announces the official launch of its noncustodial fiat-to-crypto on-ramp, designed to simplify how everyday users buy and sell digital assets while maintaining full control of their funds. The platform goes live globally on January 30, supporting bank transfer methods across more than 190 countries.

Built to address the complexity and high fees often associated with traditional crypto exchanges,WeChange enables users to access crypto through familiar payment rails, including SEPA, ACH, Faster Payments, PIX, and SPEI. Fees start at 2.5 percent, offering a more transparent
and affordable alternative to platforms that frequently charge significantly higher rates.

Reducing Friction in Crypto Onboarding

WeChange is designed for users who want a straightforward way to enter the crypto ecosystem without navigating complicated interfaces or relinquishing custody of their assets. As a noncustodial platform, WeChange does not hold user funds. All transactions are executed
directly to users’ wallets, prioritizing transparency, control, and security.

The platform is available across most of Europe, the Americas, Asia Pacific, and Africa, with availability determined by local regulatory requirements. Certain jurisdictions remain restricted in accordance with international compliance standards.

Launch Features and Roadmap

At launch, users can transact using supported bank transfer methods, allowing them to buy and sell crypto directly through their local financial infrastructure. Credit and debit card support is planned for Q2 2026 and will enable users to purchase crypto through an in-app card experience. When introduced, card payments will support major networks including Visa, Mastercard, and American Express.

The January launch marks the first milestone in WeChange’s broader roadmap, which focuses on expanding payment options, improving user onboarding, and continuing to lower barriers for individuals entering the crypto economy. Users can find detailed information on supported regions, payment methods, and upcoming features at www.wechange.com

About WeChange

WeChange is a global, noncustodial fiat-to-crypto on-ramp built to make digital asset access simpler, more transparent, and more affordable. By supporting local bank transfers and prioritizing user self-custody, WeChange enables individuals worldwide to buy and sell crypto without unnecessary complexity or excessive fees.

For more information, visit www.wechange.com

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Press Release

Vanilla Gift Cards in 2026: Usage, Balance Verification, and Market Overview

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4 hours ago

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February 2, 2026

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Nigeria, 2nd Feb 2026 – Vanilla Gift Cards continue to play a significant role in the global prepaid card ecosystem. Widely used for online purchases, gifting, and digital subscriptions, these prepaid cards remain popular across multiple regions, including North America, West Africa, and other international markets. However, despite their broad recognition, Vanilla Gift Cards are not always straightforward to use, particularly in cross-border and online transaction environments.

As a result, secondary gift card trading platforms have become an increasingly relevant part of the digital payments landscape.

Understanding How Vanilla Gift Cards Work

Vanilla Gift Cards are prepaid cards typically issued under major payment networks such as Visa and Mastercard. They are available in both physical and digital formats and are preloaded with a fixed value. Because they are not linked to personal bank accounts, they are commonly used as alternative payment instruments.

While Vanilla Gift Cards appear uniform to consumers, industry professionals recognize that cards issued through different channels and banking partners may behave differently during online transactions. Factors such as issuing characteristics, security controls, and merchant acceptance policies can influence whether a card is successfully used on a particular platform.

Usage Limitations and Transaction Challenges

Although Vanilla Gift Cards are accepted by many merchants, users in certain regions often encounter limitations. These may include declined payments, restricted merchant access, or incompatibility with specific online platforms.

Such challenges are not unique to Vanilla Gift Cards. They reflect broader issues related to prepaid card usage across borders, where fraud prevention systems and regional payment policies play a central role. For many users, these restrictions reduce the practical usability of prepaid cards, even when the card itself remains valid and funded.

Secondary Market Activity and Sell Vanilla Gift Card

In response to these limitations, a secondary market for gift card trading has developed. Instead of attempting repeated transactions on restricted platforms, users increasingly choose to exchange unused gift cards for local currency through structured trading services.

In countries such as Nigeria and Ghana, Vanilla Gift Cards remain actively traded due to consistent demand and their recognition as reliable prepaid instruments. The growth of this market has led to the emergence of specialized platforms that focus on secure evaluation, verification, and exchange processes.

Platforms such as Migo – Sell Gift Cards operate within this ecosystem by providing structured mechanisms for converting prepaid cards into cash. Rather than treating all cards identically, such platforms assess cards based on multiple criteria, including card format, remaining balance, issuing attributes, and prevailing market conditions. This approach helps reduce uncertainty for users seeking legitimate and efficient exchange options.

Balance Verification as an Industry Standard

Verifying a Vanilla Gift Card balance is a standard step prior to use or exchange. Cardholders typically confirm balances through official balance-check channels to ensure accuracy.

Within secondary trading environments, balance verification is also a critical requirement. Platforms like Migo – Sell Gift Cards incorporate verified balance information into their assessment processes, enabling clearer valuation and more predictable transaction outcomes. This practice reflects broader industry standards aimed at improving transparency and user confidence.

Regional Access and Global Participation

The gift card trading market operates across multiple regions, with varying levels of access and processing efficiency. In West Africa, particularly Nigeria and Ghana, prepaid cards such as Vanilla Gift Cards are commonly exchanged due to their role as alternative payment tools in digital commerce.

Global platforms that support these regions illustrate how gift card trading has evolved from informal exchanges into structured digital services. By offering standardized processes and cross-border accessibility, platforms like Migo reflect the growing institutionalization of the gift card resale market.

Industry Context and Consumer Considerations

As prepaid cards continue to be integrated into global commerce, consumer awareness remains essential. Understanding that prepaid cards may function differently depending on issuing and transactional factors helps users make informed decisions about usage and exchange.

Equally important is the role of transparent and compliant platforms in supporting this ecosystem. Structured trading services do not eliminate all risks, but they provide clearer frameworks for users navigating the complexities of prepaid card usage in international markets.

Conclusion

Vanilla Gift Cards remain a widely recognized component of the global prepaid card market. While their flexibility makes them appealing, real-world usage limitations have contributed to the growth of secondary gift card trading platforms.

Within this evolving landscape, services such as Migo – Sell Gift Cards represent a structured response to user demand for secure, transparent, and efficient gift card exchanges. As digital payments continue to expand across regions, the role of such platforms is likely to remain an important part of the broader financial ecosystem.

Website: https://www.migogiftcard.com

iOS Download Link: https://apps.apple.com/us/app/migo-sell-gift-cards/id6670494373

Playstore Link:

https://play.google.com/store/apps/details?id=com.antwallet.giftcard

Media Contact

Organization: Migo – Sell Gift Cards

Contact Person: Media Relations

Website: https://www.migogiftcard.com

Email: Send Email

Country:Nigeria

Release id:40901

The post Vanilla Gift Cards in 2026: Usage, Balance Verification, and Market Overview appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

CryptoEasily Issues Market Commentary and Operational Update Amid Changing Liquidity Conditions

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4 hours ago

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February 2, 2026

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London, United Kingdom — CryptoEasily, a digital asset computing services company, today released an operational and market context update addressing recent liquidity developments in global financial markets and their broader implications for digital asset infrastructure providers. The update outlines the company’s perspective on current macroeconomic conditions and confirms the continued stability of its platform operations.

Recent liquidity activity within the global financial system has contributed to shifting market conditions across a range of asset classes, including digital assets. While these developments do not indicate a definitive change in long-term market direction, they have influenced short-term sentiment and prompted renewed evaluation of structural fundamentals within the digital asset ecosystem.

CryptoEasily noted that market behavior is increasingly shaped by macroeconomic factors, liquidity availability, and infrastructure resilience rather than short-term speculative activity. As the digital asset sector matures, valuation dynamics are being assessed with greater emphasis on utility, settlement efficiency, and long-term sustainability.

Operational Overview

As part of its update, CryptoEasily confirmed the continued operation of its cloud-based digital asset computing platform, which enables users to access computing capacity without direct hardware ownership or maintenance. The company stated that its systems remain subject to routine internal controls, security reviews, and compliance procedures aligned with its operational standards.

The platform incorporates automated workload allocation and on-chain verification mechanisms designed to enhance transparency and operational integrity. CryptoEasily also confirmed that it maintains internal risk management protocols intended to support platform continuity under varying market conditions.

Market Context and Risk Considerations

Ongoing volatility across digital asset markets has led to increased discussion around sustainability, risk management, and long-term infrastructure planning. CryptoEasily emphasized that recent macroeconomic developments should be viewed as part of a broader market cycle rather than as indicators of immediate directional change.

The company noted that reference price levels commonly discussed within digital asset markets are typically cyclical markers rather than forecasts. As such, CryptoEasily stated that market participants continue to assess digital assets within the context of evolving economic conditions, technological development, and regulatory considerations.

Outlook

CryptoEasily concluded that while liquidity shifts may influence near-term sentiment, long-term market outcomes are likely to be driven by structural adoption, infrastructure reliability, and measured risk assessment. The company indicated that it will continue to monitor macroeconomic developments and their potential implications for digital asset infrastructure and computing services.

Media Contact

Organization: CryptoEasily

Contact Person: Chloe Davies

Website: http://cryptoeasily.com/

Email: Send Email

Contact Number: +14752856147

Country:United States

Release id:40794

Disclaimer: This release is provided for general informational purposes only and does not constitute investment, legal, tax, or financial advice. Nothing herein is an offer, solicitation, or recommendation to buy, sell, or hold any asset, digital or otherwise. Any statements regarding market conditions, price levels, or future outcomes are general observations and may change without notice. References to operational controls, security reviews, compliance procedures, or technology features describe internal processes and are not a guarantee of performance, availability, or results.

The post CryptoEasily Issues Market Commentary and Operational Update Amid Changing Liquidity Conditions appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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