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“Algorithm + Credit” Rebuild the Value Foundation of DeFi

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4 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

Loan Against Mutual Funds Eligibility Criteria: Who Can Apply

Published

36 minutes ago

on

November 7, 2025

By

In recent years, mutual funds have gained significant popularity among Indian investors as a means to build wealth over time. However, in times of urgent financial need, liquidating mutual fund investments may not be the best option. This is where a loan against mutual funds becomes an attractive alternative. By pledging mutual fund units as collateral, investors can avail quick credit without disturbing their investment portfolio. This article delves into the essential loan against mutual funds eligibility criteria and offers a detailed overview of factors influencing the process, including aspects such as the loan against mutual funds processing fees.

Understanding loan against mutual funds

A loan against mutual funds is a secured loan where borrowers pledge their mutual fund units to a lender to avail funds. This facility enables investors to borrow money while continuing to enjoy the benefits of their investment, including potential capital appreciation and dividends. Since it is collateral-backed, lenders usually offer competitive interest rates and quick disbursal.

The loan amount typically depends on the value of the pledged units called the Loan-to-Value (LTV) ratio. This ratio varies across lenders and depends on the type and tenor of the mutual fund units.

Loan against mutual funds eligibility criteria

Knowing the loan against mutual funds eligibility is crucial for investors who wish to tap their mutual fund holdings for financial needs.

1. Mutual fund type and tenure

Not all mutual fund units are eligible for loans. Generally, only equity and debt schemes with certain lock-in periods qualify. Closed-ended schemes under the lock-in period are usually ineligible. Open-ended mutual funds held in demat form or physical form can be pledged depending on the lender’s policy.

The minimum holding period requirement varies but is generally at least 3-6 months from the date of investment. This ensures that the units are adequately priced and stable.

2. Minimum investment value

Most lenders specify a minimum market value of the mutual fund units to qualify for a loan. This can range from Rs. 50,000 to Rs. 1,00,000 depending on the financial institution. Units below this value typically do not meet eligibility criteria.

3. Demat account and pledge facility

To avail a loan, the mutual fund units must ideally be held in a dematerialised (demat) account. This enables the lender to place a lien on the units electronically. Investors without a demat account may face challenges or additional steps.

4. Age and residency requirements

Applicants must be Indian residents between 21 and 60 years of age. Some financial institutions have different age caps or may specify employment status for salaried individuals or other categories.

5. Credit history and KYC compliance

While the loan is secured by mutual funds, lenders often assess the borrower’s credit history and KYC (Know Your Customer) compliance. A clean credit record helps in smoother and faster approval. KYC documents including identity proof, address proof, and PAN card must be valid and up to date.

6. Holding period and redemption restrictions

If mutual fund units have exit load charges or redemption restrictions, eligibility for loan against such units may be limited or disallowed. It is important to check scheme-specific terms.

Documents required for loan against mutual funds

Applicants need to submit essential documents which usually include:

– Valid identity proof (Aadhaar card, PAN card, passport, voter ID)

– Address proof (utility bills, Aadhaar, passport)

– Demat account statement reflecting mutual fund holdings

– Mutual fund account statement or a statement from fund house

– Recent passport size photograph

– Income proof in some cases, especially for salaried individuals

Ensuring all documents are accurate and complete speeds up the loan approval process.

Loan against mutual funds processing fees details

Financial institutions typically charge a loan against mutual funds processing fees which covers the administrative cost of sanctioning the loan. This fee varies widely among lenders but generally ranges between 0.25% and 1% of the loan amount.

Some key points regarding processing fees include:

– It is usually non-refundable even if the loan application is declined.

– Some lenders may waive off the processing fees during promotional offers.

– Fees may be deducted upfront or added to the loan amount.

– Processing fees do not include other charges like foreclosure penalty or interest on delayed payment.

Understanding the processing fees helps the borrower evaluate the overall cost of borrowing.

Benefits of loan against mutual funds

– Quick disbursal: Since the loan is secured by mutual fund units, banks and NBFCs (Non-Banking Financial Companies) usually sanction it quickly.

– Lower interest rates: Compared to unsecured loans, interest rates are typically lower, reflecting the reduced risk to lenders.

– No need to liquidate investments: Investors retain the potential benefits of their mutual fund investments.

– Flexible usage: Borrowers can use funds for any financial requirement – emergency, business expansion, education, or personal needs.

– Repayment options: Lenders generally offer flexible EMIs and loan tenures.

Limitations and risks to consider

– Market volatility: A sharp fall in mutual fund NAV can impact the LTV ratio, leading to margin calls or partial liquidation.

– Limited loan amount: The sanctioned amount depends on the mutual fund value; it may not cover large urgent requirements.

– Processing fees and other charges: Additional fees can raise the borrowing cost.

– Lock-in restrictions: Pledged units cannot be sold or redeemed till the loan is fully repaid.

Choosing the right lender for a loan against mutual funds

It is advisable to compare offers from various banks, NBFCs, and mutual fund distributor tie-ups to identify the best deal. Factors to consider include:

– Interest rates and flexible repayment terms

– Loan tenure options

– Processing fees and hidden charges

– Customer service quality

– Ease of application and disbursal speed

Some leading lenders in India offering loans against mutual funds include HDFC Bank, ICICI Bank, and Bajaj Finserv.

Conclusion

The loan against mutual funds eligibility is governed by a combination of factors including the type of mutual fund scheme, minimum investment value, applicant’s age, and KYC compliance. By understanding these criteria, investors can unlock quick liquidity without disturbing their investments. It is equally important to factor in the loan against mutual funds processing fees along with interest rates to evaluate the true cost of the loan.

This financial solution offers an effective way to manage funds during emergencies or short-term requirements while allowing investors to benefit from their mutual fund holdings.

For investors seeking instant funds without redemption hassles, loan against mutual funds is a prudent option, provided they meet the eligibility norms and are aware of associated costs.

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Press Release

Cleaning Chief Expands Premium Residential and Commercial Cleaning Services Across New York City

Published

2 hours ago

on

November 7, 2025

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New-York, United States, 7th Nov 2025 – New York City, United States, November 3rd, 2025 — Cleaning Chief, a top-rated local cleaning company trusted by over 3,500 New-Yorkers, is expanding its residential and commercial cleaning services throughout New York City. With a reputation for reliability, eco-friendly practices, and exceptional results, the company continues to raise the standard for professional cleaning in the metropolitan area.

Full-Service Cleaning for Homes and Businesses

Cleaning Chief offers a wide range of cleaning services designed to meet the needs of busy New Yorkers:

  • Home & Apartment Cleaning — detailed regular and one-time cleanings to maintain a spotless and healthy living environment.
  • Deep Cleaning — thorough cleaning for neglected or hard-to-reach areas, ideal for seasonal or post-holiday refreshes.
  • Office & Commercial Cleaning — customized janitorial and maintenance services to ensure a pristine business image.
  • Move-In / Move-Out Cleaning — perfect for tenants and landlords preparing properties for transition.
  • Airbnb & Vacation Rental Cleaning — fast, reliable, guest-ready cleaning that helps hosts maintain five-star ratings.
  • Post-Construction Cleaning — specialized cleaning to remove dust, debris, and renovation residues.
  • Carpet & Upholstery Cleaning — advanced steam cleaning to eliminate stains, allergens, and odors.

“Our mission is simple — to deliver spotless results while protecting our clients’ health and the planet,” said a Cleaning Chief representative. “Whether you need a one-time cleaning or a recurring subscription, our trained professionals guarantee satisfaction every visit.”

Why New Yorkers Choose Cleaning Chief

Serving all five boroughs — Manhattan, Brooklyn, Queens, The Bronx, and Staten Island, Cleaning Chief has become one of New York’s most trusted cleaning companies. Known for reliability, professionalism, and spotless results, the company continues to raise the bar in both residential and commercial cleaning.

Clients highlight Cleaning Chief’s punctual team, attention to detail, and eco-friendly cleaning methods that are safe for children, pets, and allergy-sensitive households. With flexible scheduling, transparent pricing, and dedicated customer care, the company has earned hundreds of 5-star reviews across Google, Yelp, and other platforms.

About Cleaning Chief

Founded in 2019, Cleaning Chief is a New York–based professional cleaning company providing a full range of residential and commercial cleaning services across NYC. With a team of trained, background-checked, and EPA-certified technicians, the company focuses on creating cleaner, healthier, and more comfortable environments for every client.

Driven by a mission to make professional cleaning simple, reliable, and sustainable, Cleaning Chief combines modern techniques, eco-friendly products, and a customer-first approach that continues to earn the trust of New Yorkers every day.

 

Media Contact

Organization: Cleaning Chief

Contact Person: Cleaning Chief

Website: https://www.cleaningchief.com/

Email: Send Email

Contact Number: +13322323422

Address:608 W 138th st, New-York, 10031

City: New-York

State: New-York

Country:United States

Release id:36689

The post Cleaning Chief Expands Premium Residential and Commercial Cleaning Services Across New York City 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

USPL Limo Chauffeured Services Announces Special Flat Rate for Washington D.C to New York City Route

Published

3 hours ago

on

November 7, 2025

By

United States, 7th Nov 2025 – USPL Limo Chauffeured Services, a premier luxury transportation provider based in Gaithersburg, Maryland, today announced the introduction of a special flat-rate pricing structure for one-way transportation between Washington, D.C. and New York City. The new rate of $1,000 per trip represents a significant value proposition for business travelers, families, and groups seeking reliable, comfortable transportation between these two major metropolitan centers.

Premium Transportation Service Offers $1,000 Fixed Pricing for Luxury SUV Travel Between Two Major East Coast Cities

Service Highlights

The flat-rate service accommodates up to six passengers with ample luggage capacity for six large pieces, making it ideal for group travel, corporate transportation, and family trips. The company’s fleet features exclusively late-model luxury SUVs, including 2024-2025 Chevrolet Suburbans and Cadillac Escalades, ensuring passengers travel in supreme comfort and style.

The fixed pricing structure addresses a common frustration among travelers who face variable rates from other services due to traffic conditions, time of day, or surge pricing. With USPL’s flat rate, customers know exactly what they’ll pay regardless of when they travel or traffic conditions on I-95.

Why Choose USPL Limo Chauffeured Services

USPL Limo Chauffeured Services has established itself as a trusted name in luxury ground transportation, maintaining an exceptional 4.9-star Google rating based on hundreds of customer reviews. This outstanding reputation reflects the company’s unwavering commitment to:

  • Professional Excellence: All chauffeurs are fully licensed, insured, and undergo rigorous background checks and ongoing training in customer service and defensive driving techniques
  • Reliability: On-time performance rate exceeding 98%, with real-time flight tracking for airport transfers
  • Fleet Maintenance: Vehicles are meticulously maintained and detailed before each service, ensuring pristine conditions for every journey
  • Customer Service: 24/7 dispatch support and dedicated account management for corporate clients
  • Safety Standards: Comprehensive insurance coverage and adherence to all DOT regulations and safety protocols

Ideal for Various Transportation Needs

The Washington, D.C. to New York City route serves diverse clientele, including:

  • Business executives requiring productive travel time between meetings
  • Families visiting attractions in either city
  • Groups attending special events, conferences, or celebrations
  • International visitors touring the East Coast
  • Clients seeking stress-free alternatives to airline travel or driving

The approximately 4-hour journey provides a comfortable alternative to flight delays, security lines, and the fatigue of self-driving through heavy traffic corridors. Passengers can work, relax, or sleep while their professional chauffeur handles the navigation and driving responsibilities.

Booking and Availability

The special flat rate is available for immediate booking, with service operating seven days a week. Advanced reservations are recommended to ensure vehicle availability, particularly during peak travel periods and holidays.

About USPL Limo Chauffeured Services

Founded with a mission to redefine luxury ground transportation, USPL Limo Chauffeured Services operates from its Gaithersburg, Maryland headquarters, serving the entire Washington, D.C. metropolitan area including Maryland, Northern Virginia, and extended service to major cities along the East Coast. The company specializes in airport transfers to Reagan National (DCA), Dulles International (IAD), and Baltimore-Washington International (BWI), as well as corporate transportation, special events, and long-distance travel.

The company operates a modern fleet of luxury vehicles ranging from executive sedans to luxury SUVs and Mercedes Sprinter vans for larger groups. USPL Limo is fully licensed and insured, maintaining all required operating authorities and certifications for interstate transportation.

Contact Information

To book the Washington, D.C. to New York City flat-rate service or inquire about other transportation solutions:

Address: 9417 Royal Bonnet Terrace, Gaithersburg, MD 20886

Phone: (240) 941-7972 | (347) 457-0161
Email: info@limochauffeuredservices.com
Website: limochauffeuredservices.com
Hours: 24/7 Dispatch and Reservation Service

For media inquiries or additional information about USPL Limo Chauffeured Services and its comprehensive transportation solutions, please contact the company directly through the channels listed above.

Note: Pricing and availability subject to change. Certain restrictions may apply. Holiday and special event periods may require advanced booking. Additional charges may apply for stops, excessive wait time, or destinations outside standard service areas.

Media Contact

Organization: USPL Limo Chauffeured Services

Contact Person: Petar Ladjic

Website: https://limochauffeuredservices.com/

Email: Send Email

Address:9417 Royal Bonnet Terrace Gaithersburg, MD 20886

Country:United States

Release id:36673

The post USPL Limo Chauffeured Services Announces Special Flat Rate for Washington D.C to New York City Route 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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