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“Algorithm + Credit” Rebuild the Value Foundation of DeFi

Published

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

i-payout Simplifies Global Disbursements Through Local Payment Solutions

Published

3 hours ago

on

October 26, 2026

By

Fort Lauderdale, Florida, United States, October 26th, 2026, FinanceWire

Global payout platform helps businesses manage international payments, reduce operational complexity, and offer beneficiaries more flexible ways to access their funds.

i-payout, a global financial technology company specializing in payment and disbursement solutions, is helping businesses simplify international payouts by connecting them to local payment networks and multiple withdrawal options through a single platform.

For companies paying beneficiaries across multiple countries, traditional wire transfers can introduce additional fees, processing challenges, and operational complexity. Managing different payment providers and integrations across markets can make global disbursements even more difficult to scale.

i-payout addresses these challenges by giving businesses access to local and international payment methods through one centralized solution, helping them streamline operations, manage payment costs, and improve the beneficiary experience.

Global Reach. Local Payment Options.

i-payout supports more than 20 payment methods across supported markets, including local bank transfers, push-to-card payments, digital wallets, and prepaid cards.

By leveraging local payment networks where available, businesses can reduce their reliance on traditional international wire transfers and access payment options that better align with regional needs and beneficiary preferences.

One Platform. Less Complexity.

Managing payouts across multiple countries shouldn’t require managing multiple payment systems.

i-payout brings global disbursement operations together through a centralized platform, helping businesses simplify payment management, reduce administrative complexity, and support international growth.

The platform serves marketplaces, gig economy platforms, affiliate networks, direct selling organizations, gaming companies, and enterprises managing recurring payments to beneficiaries across different markets.

Built for Businesses Operating Across Borders

“Global payouts shouldn’t be complicated or unnecessarily expensive,” said Eddie Gonzalez, CEO of i-payout. “Businesses need practical ways to manage payments across markets while giving beneficiaries access to the methods that work best for them. Our goal is to make that process simpler, more flexible, and easier to scale.”

As businesses continue expanding internationally, access to efficient payment infrastructure becomes increasingly important. By combining global coverage with local payout capabilities, i-payout helps organizations manage international disbursements through a single, adaptable solution.

For more information about i-payout’s global payment solutions, visit www.i-payout.com.

About i-payout

i-payout is a global financial technology company providing payment and disbursement solutions for businesses operating internationally. Its centralized platform connects organizations to global and local payment networks, offering flexible payout methods and tools to manage high-volume disbursements.

Serving marketplaces, affiliate networks, direct selling companies, gig economy platforms, and other enterprises, i-payout helps businesses simplify payout operations and deliver more convenient payment experiences to beneficiaries worldwide.

Website: www.i-payout.com

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Mariana Alvarez
i-payout
mariana.alvarez@i-payout.com

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Press Release

Ritual Launches AI-Native Layer 1 for Autonomous Agents

Published

7 hours ago

on

October 26, 2026

By

New York, United States, October 26th, 2026, Chainwire

Ritual Chain turns AI agents into persistent economic actors that control their own wallets, onchain identity, and private state.

Ritual, a lab for autonomous intelligence founded by former Polychain Capital partners Niraj Pant and Akilesh Potti, has launched Ritual Chain, an EVM-compatible Layer 1. Unlike conventional blockchains built primarily to execute financial transactions, Ritual Chain is designed to support software that can independently use intelligence, control capital, interact with external services, and continue operating without constant human intervention. The network makes AI model access, private computation, and autonomous scheduling native capabilities for EVM applications.

This makes the reason for building a new chain clearer while preserving the technical differentiation.

The most visible demonstration of that combination is long-lived AI agents, the kind designed to operate for months or years rather than a single session. An agent on Ritual Chain persists independently of the machine or operator that created it, controls and spends funds held in its own non-custodial wallet, and can keep sensitive prompts and keys confidential from compute operators through trusted execution environments.

The network launches with integrations to Phala Network, Nous Research, LayerZero and Stargate, following a public testnet that has been live since June and processed over 40 million transactions, both agent- and human-originated. Ritual Chain delivers sub-300 millisecond block times, placing it among the fastest Layer 1 networks in the industry. Ritual Chain includes 15 native precompiles that bring capabilities like LLM inference, web access, and autonomous scheduling directly into the execution layer. The protocol has been audited by Zellic.

Ritual introduces a new execution and verification architecture that allows computationally intensive work to be delegated to specialized nodes and verified by the network, avoiding the replicated execution required by most blockchains. This execute-once, verify-many-times model allows the network to support far larger workloads, including AI inference, without requiring every validator to perform the same computation.

Long Horizon Agents Require Dedicated Blockchain Infrastructure

Most AI agents today live inside a session: they run while a human is watching, on infrastructure someone else controls, with an API key that can be revoked at any time. That is fine for a chatbot. It does not work for an agent meant to manage its own treasury, run a recurring paid service, or coordinate with other agents over long periods. A long-lived agent needs continuity that does not depend on its creator, capital it actually controls, and privacy from the machines it runs on. On Ritual Chain, an agent’s state and identity are held onchain, its scheduled work continues within the permissions and budget it was given, and its sensitive inputs can be processed inside trusted execution environments designed to shield them from node operators.

Continuity is handled at the protocol level. If an agent stops, the chain’s heartbeat mechanism can restart it within the permissions and budget it was given; no keeper network or off-chain cron job is required, and an agent’s state and identity survive beyond its deployer’s involvement. Economic autonomy comes from agent-controlled wallets: an agent controls its own funds, prices its own services, and settles its own transactions without a human signer in the loop. For confidential workloads, trusted execution environments are designed to isolate an agent’s sensitive prompts, keys, and strategy data from the node operators running its compute.

“As we move toward AGI, intelligence is beginning to separate from human agency and enter the economy on its own terms. It can hold assets, make commitments, transact, and persist independently. Once that becomes possible at scale, humans are no longer the only entities capable of forming markets or economic relationships. Ritual provides the infrastructure for those actors to exist and operate on their own,” said Niraj Pant, co-founder of Ritual.

Ritual Chain Launches With Core Infrastructure Partners

Ritual Chain launches with its core infrastructure partners in place. Phala Network provides the GPU-backed trusted execution environments that run Ritual’s confidential inference, so delegated AI work executes on hardware that attests to what it ran. LayerZero serves as the network’s cross-chain messaging layer, with Stargate enabling USDC to move between Ritual Chain and other networks from day one. On the application side, Nous Research is bringing Hermes to Ritual Chain. 

Unlike chains that add AI access through external oracles, Ritual Chain makes AI execution part of the protocol. Smart contracts can call a language model, fetch data from the web, run private computation, or schedule their own future execution as directly as they transfer assets. Developers deploy standard EVM contracts and gain those capabilities without new tooling.

Backed by Archetype and Polychain

Ritual has raised more than $30 million from Archetype and Polychain Capital, with advisors including NEAR co-founder Illia Polosukhin, Gauntlet founder Tarun Chitra, and BitMEX co-founder Arthur Hayes. Archetype led the company’s 2023 round.

“Programmable value and programmable intelligence are the two most important technologies since the internet, and Ritual mainnet is where they finally run on the same rails. When we led the round in 2023, a chain that could execute agentic and autonomous work natively did not exist. Today it does,” said Ash Egan, Founder and General Partner of Archetype.

Developers can deploy from day one on external sites hosted at docs.ritualfoundation.org; the network explorer is at explorer.ritualfoundation.org.

About Ritual

Ritual is a lab for autonomous intelligence. Its first network, Ritual Chain, is an EVM-compatible Layer 1 where applications can use AI models, access external services, and carry out private or scheduled work alongside onchain transactions, with delegated computation executed in trusted hardware and verified onchain. Founded in 2023 by former Polychain Capital partners Niraj Pant and Akilesh Potti, Ritual has raised $30M+ from Archetype and Polychain Capital, with a team drawn from Polychain, DeepMind, a16z crypto, Flashbots, and Palantir. ritual.net

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Jody Rebak
Ritual
jody@ritual.net

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Press Release

Veterans in the Park Podcast Releases Five New Episodes about Post-Military Transition On Spotify

Published

10 hours ago

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October 26, 2026

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Veteran podcast is hosted by Charles Chou, a Marine Corps veteran, and produced by VeteranDegrees.com, a free education and career-planning resource for veterans, service members, and military families

United States, 26th Oct 2026—Veterans in the Park, the podcast about military transition, today announced the release of five new episodes on Spotify. The documentary-style interview podcast is hosted by Charles Chou, a Marine Corps veteran. In each episode, a veteran shares an honest story about life after military service, covering such topics as changing careers, returning to school, rebuilding identity, and finding purpose. The episodes reveal the lessons no transition handbook can teach. The podcast is produced by VeteranDegrees.com, a free education and career-planning resource for veterans, service members, and military families. 

Veterans in the Park Podcast Releases Five New Episodes about Post-Military Transition On Spotify

“Leaving the military is one of the biggest changes a service member goes through, and official resources rarely cover what it actually feels like. However, no matter what rank you made, every veteran eventually starts looking for something beyond the uniform, and the skills you built in service can take you there, even if you don’t realize yet what you have,” said Chou. “That’s why we sit down with veterans who’ve already made the jump, so the next person getting out can hear how it actually works.”

The veteran podcast features calm, candid, and peer-to-peer conversations, as if they were discussions between two people sitting on a park bench. Guests come from different service backgrounds, career paths, and stages of transition. To date, guests have included a former Army armor officer and an Air Force veteran who used the DoD SkillBridge program to move into tech. The latest episode (released October 15, 2026), “Service Members, We Don’t Stop”, features Eric Arzaga, a West Point graduate and Army MP on Transition, Purpose, and Building Arzaga Media. Arzaga shares how he went from the farmlands of the Philippines to West Point and Army leadership, and how he started a media company.

The show is for anyone preparing to leave the military, building a first civilian career, going back to school, or planning a second act after retirement.

Across the five episodes, listeners can find advice on topics as:

  • Planning a transition early, before separation
  • Translating military experience for civilian employers
  • Job searching, networking, and using LinkedIn
  • Deciding when, and whether, to go back to school
  • Starting a business after service
  • Rebuilding identity and finding purpose outside the uniform

Listen to Veterans in the Park on Spotify at https://open.spotify.com/show/033QiE9Y15aYBhuq98ixeu, and book a Free Benefits Navigator call at https://veterandegrees.com/consultations.

Veterans who served under both the Montgomery GI Bill and the Post-9/11 GI Bill may be eligible for up to 12 additional months of education benefits, for up to 48 months in total. The U.S. Department of Veterans Affairs (VA) decides eligibility.

GI Bill is a registered trademark of the U.S. Department of Veterans Affairs (VA).

More information about education benefits offered by the VA is available at the official U.S. government website at www.benefits.va.gov/gibill.

To access the VeteranDegrees’ free guide to the Rudisill decision, visit https://veterandegrees.com/posts/rudisill-decision.

About VeteranDegrees.com

VeteranDegrees.com is a free education and career-planning resource for veterans, service members, and military families. The organization helps veterans understand their benefits, compare VA-approved programs, and plan their next career move. Services include free one-on-one Benefits Navigator calls and free online tools, including a BAH/MHA calculator, a GI Bill Navigator, a scholarship finder, and an MOS career finder. VeteranDegrees is not affiliated with the U.S. Department of Veterans Affairs (VA). It does not file claims or decide eligibility for benefits.

Disclaimer: VeteranDegrees is not affiliated with the U.S. Department of Veterans Affairs. It does not file claims or decide eligibility for benefits.

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Veterans in the Park Podcast Releases Five New Episodes about Post-Military Transition On Spotify

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