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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

The Bookish Magazine Releases Issue 2, Celebrating Stories That Stand the Test of Time

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3 hours ago

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August 27, 2026

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The Bookish Magazine Releases Issue 2, Celebrating Stories That Stand the Test of Time

Australia, 27th Aug 2026, Grand Newswire –
 

The Bookish Magazine has released its Issue 2 – September 2026 Edition, which brings together a collection of author conversations, poetry, and literary insights centred on the enduring influence of books and storytelling.

With the theme “Written to Endure: On Resilience, Timeless Ideas, and the Lasting Influence of Books,” the new edition explores how books can preserve experiences, spark imagination, encourage personal growth, and continue to connect readers across generations.

The issue features conversations with Alisse Lee Goldenberg, Ana Maria Lopez Jimeno, Cameron A. Straughan, D.R. Berlin, Jill Arlene Culiner, John Maynard, Joseph Safdia, LindaAnn LoSchiavo, Luminescence Goh, Mar Andersons, Melanie Flynn, Michael S. Lingo, Peter Massam, and Shawn Hainsworth, covering topics ranging from creativity, purpose, and imagination to language, memory, storytelling, and the human experience.

The edition’s cover story features Adriene Caldwell, who reflects on writing, resilience, and reclaiming personal narratives. Readers will also find two Bookish Poems and a Bookish Insights feature examining the lessons books can offer to future generations.

Readers will also find conversations exploring creativity, purpose, language, memory, imagination, storytelling, and the human experience, alongside Bookish Poems and a Bookish Insights feature examining the lessons books can leave for future generations.

The Bookish Magazine – Issue 2, September 2026 Edition is now available in print and digital formats via major retailers including Amazon. Visit the The Bookish Magazine‘s website for more details. 

About The Bookish Magazine

The Bookish Magazine celebrates books, authors, readers, and the ideas and stories that bring the literary world to life. Through interviews, features, reviews, poetry, and bookish conversations, the magazine connects readers with voices and perspectives from the wider world of books. It also hosts The Bookish Awards, celebrating noteworthy literary works and their creators.

 

Media Contact

Organization: The Bookish Magazine

Contact
Person: The Bookish Magazine Team

Website:

https://thebookishmagazine.com/

Email:

info@onetribune.one

Country:Australia

The post The Bookish Magazine Releases Issue 2, Celebrating Stories That Stand the Test of Time
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Press Release

SMS Gadget: Bangladesh’s Authorized Best Shop Delivers Latest iPhone Just One Day After Official Launch

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3 hours ago

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August 27, 2026

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Apple retailer SMS Gadget will bring the iPhone 18 Pro, iPhone 18 Pro Max, and iPhone Fold to Bangladesh just one day after Apple’s global launch. Prices start near ৳170,000, with 0% EMI available and pre-orders open now at 10% down. Available at 13+ branches nationwide and at smsgadget.com.

Dhaka, Bangladesh, 27th Aug 2026 – SMS Gadget, one of Bangladesh’s authorized Apple retailers, will bring the newest iPhone lineup to its stores just one day after Apple’s global launch, a turnaround most local retailers can’t match since unauthorized shops typically take weeks to stock new models.

As an authorized retailer, SMS Gadget sells only genuine Apple devices, sourced through official channels rather than grey-market imports. Every unit comes with full international warranty coverage and direct after-sales support, backed by the company’s pricing on the new lineup detailed below.

Customers won’t need to wait weeks or risk unofficial imports. They get the new iPhone at a transparent iPhone price, backed by a warranty that actually holds up.

 

Company Background

Founded in 2021, SMS Gadget has grown into one of Bangladesh’s leading electronics retail chains, offering smartphones, tablets, laptops, smartwatches, home appliances, and tech accessories. All genuine and authorized products.

The company has built a strong base of repeat customers, supported by a dedicated after-sales team and a 0% EMI facility that lets buyers pay in easy installments. That combination of authentic products, consistent service, and flexible payment options has established SMS Gadget’s reputation as a trusted name in Bangladesh’s electronics retail market.

 

Product & Launch Detail

SMS Gadget will launch the full new iPhone lineup in Bangladesh this year. The lineup includes the iPhone 18 Pro, the iPhone 18 Pro Max, and the iPhone Fold. All three models arrive one day after Apple’s global launch.

The iPhone price in Bangladesh runs higher than the global price. This is normal. Imported phones carry VAT. That adds extra cost on top of the base price.

The iPhone 18 Pro Max price starts near ৳170,000. It goes up to ৳280,000 based on storage size. Pre-orders are open now. Buyers pay just 10% in advance. The final iPhone price locks in on delivery day, not booking day.

 

Why This Matters

This speed brings real value to customers. There is no week-long wait. There is no need for grey-market imports.

The products are authorized. Buyers get full international warranty coverage. They get a genuine product guarantee. They get direct after-sales support too.

Most other retailers in Bangladesh take weeks to stock new iPhone models. Many use unofficial import channels. Warranty support is often limited or missing.

SMS Gadget’s model stands apart. Authentic products reach customers faster. Real service backs every sale. It is not just a sale. It is a guarantee that stands behind it.

 

Statement from SMS Gadget Leadership

Mahide Hasan is the founder of SMS Gadget. He has a clear, long-term goal. He wants to open stores in every district of the country.

“We want every Bangladeshi to have access to genuine products,” said Mahide Hasan, founder, SMS Gadget. “This goes for buyers in cities and in rural areas alike. We aim to offer affordable pricing and reliable service as the country’s digital economy keeps growing.”

 

Additional Offers

SMS Gadget is marking the launch with special offers. The 0% EMI facility now covers the entire new iPhone lineup. This makes it easier for customers to own the latest device without financial strain.

The company has also set up an exclusive in-store experience. Customers can visit flagship outlets and explore the new models hands-on. They can try the phones before taking them home.

 

Availability Info 

The iPhone 18 lineup will be available at SMS Gadget’s 13+ branches across Bangladesh. It will also be available on the official website, https://smsgadget.com/.

Customers can place preorders online. They can also visit their nearest outlet directly. For stock updates, pricing details, or booking help, customers can call the SMS Gadget hotline at 09617887733.

 

About SMS Gadget

SMS Gadget is Bangladesh’s leading authorized retailer for Apple products. The company is known for authentic products, top-tier customer service, and trusted after-sales support.

SMS Gadget has operated since 2021. It runs 13+ branches nationwide. The company also sells smartphones, tablets, laptops, smartwatches, home appliances, and tech accessories.

A 0% EMI facility and a dedicated after-sales team have earned SMS Gadget lasting trust. Thousands of returning customers across Bangladesh rely on the brand.

Media Contact

Organization: SMS Gadget

Contact Person: Mahide Hasan

Website: https://smsgadget.com/

Email:
smsgadgetbd@gmail.com

Contact Number: +8801778960957

Address:81, Basement-01 Bashundhara city shopping complex

Address 2: 19 B Level 4, Block A Jamuna Future park 1205 Dhaka

City: Dhaka

Country:Bangladesh

Release id:48507

The post SMS Gadget: Bangladesh’s Authorized Best Shop Delivers Latest iPhone Just One Day After Official Launch 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

YZi Labs Backs TermMax to Advance On-Chain Bond Market Infrastructure

Published

4 hours ago

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August 27, 2026

By

Singapore, Singapore, August 27th, 2026, Chainwire

TermMax, a fixed-rate lending protocol built by Term Structure Labs, announced on August 26 that it has received a strategic investment from YZi Labs. Terms were not disclosed.

TermMax was selected for YZi Labs’ EASY Residency Season 3 and has raised more than $8 million to date. Its earlier backers include Cumberland DRW — which led the 2023 seed round — HashKey Capital, Decima Fund, Longling Capital and MZ Web3 Fund.

The protocol has been live on mainnet since April 2025 and now runs across 10 EVM-compatible chains, with 60 fixed-rate markets, 40 strategy vaults, tens of millions of dollars in total value locked and more than 1.5 million registered wallets. Keyrock, Hardcore Labs, Edge Capital and Origami serve as Curators, managing strategy vaults on the protocol. The $TMX token completed its TGE on August 25.

The investor’s own public position points to the gap this investment is meant to fill. In an August 14 post describing what it wants to see built, YZi Labs wrote that tokenized blue-chip equities have reached meaningful volume, but that the financial application layer around them — credit, collateral management, risk transfer and structured products — remains underdeveloped, and that options and other risk-transfer products in particular remain conspicuously absent.

YZi Labs placed this investment precisely where that gap sits.

“When I left banking, there were a few hundred billion dollars of assets sitting on-chain without a single directly observable interest rate curve between them. In traditional markets, that would be unheard of. That is what made me decide to build this infrastructure on-chain.” – Jerry Li, Co-founder and CEO, TermMax.

Tokenized equities are the fastest-growing asset class on-chain, now at $2.48 billion, with holder count up 165% in 30 days.

TermMax integrated Ondo Global Markets in January 2026 to launch the first fixed-rate borrowing market to accept tokenized U.S. equities as collateral, then added Binance’s bStock. In August it went live on Robinhood Chain, where QQQ, SPY and NVDA can be posted against USDG.

But financing is only half of what tokenized equities need. Nearly all of this year’s tokenized-equity infrastructure has gone into perpetual futures, and almost none into options.

TermMax Alpha is where that changes: physical delivery options, with no liquidation before expiry. The conversion price is fixed when the position is opened, and the position is settled by physical delivery at expiry. A directionally correct position therefore cannot be knocked out by a few minutes of volatile trading in thin liquidity — the failure mode that makes perpetuals unsuitable at the illiquid end of tokenized equities.

This no-liquidation design rests on a choice running through the whole protocol: when liquidation does happen, it settles by physical delivery, with collateral delivered directly to the lender rather than sold into the market. The usual assumption — that collateral can be sold at fair value on demand — holds for ETH and fails for a tokenized equity with a few million dollars of depth.

On the institutional side, TermPrime completed its first live trade on Canton Network at the end of June and has since grown its counterparty network to nine institutions.

TermMax runs an early validator node on Canton, and TermPrime is ready to support lending business for institutions there through open markets.

TermMax holds a DeFiSafety Process Quality Review score of 93%, matching Aave V3.

“What we set out to do is not to teach traditional institutions DeFi. It is to let DeFi grow into something professional enough to genuinely serve finance.” – Jerry Li, Co-founder and CEO, TermMax.

What TermMax wants to be is not another lending protocol, but the on-chain interest rate curve itself.

About TermMax

TermMax is a fixed-rate, fixed-term borrowing and lending marketplace built by Term Structure Labs, live on mainnet since April 2025 and deployed across 10 EVM-compatible chains, where it runs 60 fixed-rate markets and 40 strategy vaults. The protocol splits debt into three tradable tokens: FT (principal), XT (interest and option value) and GT (an ERC-721 receipt for leveraged positions). Professional Curators set target APR ranges across isolated markets and manage strategy vaults, and liquidations settle by physical delivery of collateral. Co-founder and CEO Jerry Li has 25 years in global financial markets and served as Managing Director at Deutsche Bank, running fixed income and FX for Greater China.

Website: https://ts.finance/

About YZi Labs

YZi Labs manages over $10 billion in assets globally. Our investment philosophy emphasizes impact first — we believe that meaningful returns will naturally follow. We invest in ventures at every stage, prioritizing those with solid fundamentals in Web3, AI, and biotech. YZi Labs’ portfolio covers over 300 projects from over 25 countries across six continents. Some notable portfolios include Trust Wallet, CoinMarketCap, Polygon, Injective, Ethena, SafePal Wallet, Better Payment Network, Aster, XAI, and more. More than 65 of YZi Labs’ portfolio companies have gone through our incubation program, EASY Residency. For more information, follow YZi Labs on X (@yzilabs).

Contact

TermMax Marketing Team
hello@cipherdance.com

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