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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

iFLYTEK Unveils AI Recorders: P1 and P1 Pro – Redefining Smart Voice Capture for Work and Study

Published

6 hours ago

on

June 15, 2026

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Hefei, China, 15th Jun 2026 – iFLYTEK, a global leader in intelligent speech and AI technologies, recently launched its latest voice recording solutions – the iFLYTEK AI Recorder P1 (available now) and the upcoming P1 Pro. Designed for students, early‑career professionals and field workers, both devices bring advanced AI capabilities to voice capture, while the P1 emphasizes lightweight wearability and the P1 Pro focuses on high‑fidelity audio and a premium touchscreen experience.

iFLYTEK AI Recorder P1 – The First Smart Voice Recorder for the Younger Generation

Positioned as the first smart voice recorder for the younger generation, the P1 is now available on Amazon and the official iFLYTEK store (launched June 8), with its dedicated strap and lanyard sold separately. 

The device features a versatile wearable design that can be used as a pendant, back clip, or watch, making it ideal for lectures, meetings, and client interactions. Battery life is exceptional: 85 days of standby, 25 hours of continuous recording, and a 5‑minute fast charge that provides 2 hours of use.

The P1 comes equipped with a powerful AI Meeting Assistant that automatically generates meeting summaries, keywords, speaker highlights, to‑do lists, discourse coherence, filler cleaning, Q&A, and mind maps. It supports real‑time transcription and simultaneous interpretation in 11 languages with TTS. Audio and text can be seamlessly synced across phone, tablet, and computer via the cloud. With 64GB local storage plus 1GB permanent cloud space and additional bonus cloud space, the P1 can store up to 700 hours of recordings.

iFLYTEK AI Recorder P1 Pro –  Hi‑Res Recording with a “Magic Assistant”

The P1 Pro is positioned as a magic assistant for studying and work, designed for college students and early‑career professionals who need premium audio quality and a richer user experience. It features Hi‑Res recording and playback at 96kHz/24bit sampling for ultra‑clear, high‑fidelity audio. The advanced microphone system includes one directional microphone and two omnidirectional mics, enabling focused voice capture even in dynamic environments.

A 3.2‑inch OLED touchscreen provides true‑to‑life colors and smooth touch control for intuitive operation. The P1 Pro includes the same AI Meeting Assistant as the P1 – supporting meeting summaries, keywords, mind maps, filler cleaning, and more – along with real‑time transcription and interpretation in 11 languages. It also real‑time playback that lets users instantly review key moments without interrupting their workflow.

Pricing and Availability

About iFLYTEK

Since its establishment in 1999, iFLYTEK has been dedicated to the research and development of artificial intelligence technologies, including intelligent speech, computer vision, natural language processing, and cognitive intelligence. Guided by the mission to “Unlock Productivity, Unleash Imagination, and Create a Better World with AI,” iFLYTEK actively advances real-world applications and industrial AI transformation across education, healthcare, finance, and automotive sectors.

 

 

Media Contact

Organization: iFLYTEK

Contact Person: Dora

Website: https://www.iflytek.com/en/index.html

Email:
hfdong@iflytek.com

Contact Number: +85296574925

City: Hefei

Country:China

Release id:46059

The post iFLYTEK Unveils AI Recorders: P1 and P1 Pro – Redefining Smart Voice Capture for Work and Study 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

Jaadugar: A Witch in Mongolia Announces Voice Acting Debut, Sumo Wrestlers Tamawashi and Tamashoho

Published

6 hours ago

on

June 15, 2026

By

Today, the upcoming TV anime Jaadugar: A Witch in Mongolia, announced that active sumo wrestlers Tamawashi and Tamashoho will join the cast, marking their first-ever voice acting roles in a TV anime. In conjunction with the announcement, a special comment video has been released. The video features the two wrestlers sharing their thoughts on taking on voice acting for the first time, as well as their candid reactions when they first received the offer.

Tokyo, Japan, 15th Jun 2026 – The original work, A Witch’s Life in Mongol, serialized in Japan on AKITASHOTEN’s Souffle website and written by Tomato Soup, is a historical court drama set in the 13th-century Mongol Empire.

 It depicts the story of Sitara, a young girl who strives to survive a harsh fate by using knowledge as her weapon. The series has drawn significant attention, securing 1st place in Takarajimasha’s Kono manga ga sugoi! 2023 (Women’s Category) and placed in the Manga Taisho for two consecutive years, in 2023 and 2024. 

Animation production will be handled by Science SARU, the internationally acclaimed studio behind works such as DAN DA DAN, The Heike Story, and Keep Your Hands Off Eizouken!. 

Most recently, the manga was also awarded the Grand Prize in the Comic Division at the 55th Japan Cartoonists Association Awards.

Active Sumo Wrestlers Tamawashi & Tamashoho to Appear in TV Anime Jaadugar: A Witch in Mongolia! Special Comment Video Arrives, Featuring Their Reactions to Their First-Ever Voice Acting Session!

©Tomato Soup(AKITASHOTEN)/Jaadugar Committee

   ©Tomato Soup(AKITASHOTEN)/Jaadugar Committee

The TV anime Jaadugar: A Witch in Mongolia is set to premiere on Saturday, July 4, 2026, with a special 1-hour broadcast featuring both episodes 1 and 2 starting at 11:00 PM JST. As the highly anticipated premiere approaches, it has been officially announced that active Sekitori (professional sumo wrestlers) Tamawashi-zeki and Tamashoho-zeki from the Kataonami stable will be joining the cast!

Tamawashi-zeki will voice Genghis Khan, the founder of the Mongol Empire, while Tamashoho-zeki will play a resilient Mongol soldier. Both Sekitori, who are originally from Mongolia, will also be lending their voices to various other characters in the series, so please look forward to the upcoming premiere!

Reflecting on his first-ever voice acting session, Tamawashi-zeki expressed a strong sense of accomplishment, saying, “It was difficult at first, but I gradually got the hang of it, and I think it went well overall.” Meanwhile, Tamashoho-zeki, a self-proclaimed anime fan, commented, “I’ve always wanted to try a challenge like this. I realized I couldn’t do it well at all! It was so much fun and a truly great experience. ”

When asked about their reactions to receiving the offer, Tamawashi-zeki looked back on his thoughts at the time, sharing, “At first, I wondered what it would be like, but I was just so happy to be given the opportunity.” Tamashoho-zeki also revealed his excitement, saying, “I’ve loved anime and manga for a long time, so I was thrilled from the very start and became incredibly interested in the project.” 

Anticipation continues to build for the upcoming broadcast as fans look forward to seeing how Tamawashi-zeki and Tamashoho-zeki—who usually captivate audiences with their thrilling performances on the sumo ring—will bring their characters to life in their very first voice acting roles! 

Furthermore, to ensure fans can enjoy the series anytime and anywhere, the anime will also begin rolling out on streaming platforms starting Saturday, July 4, alongside the TV broadcast. 

Special Comment Video: https://youtu.be/5sfpsqVQ49w

 

Overview
 

   ©Tomato Soup(AKITASHOTEN)/Jaadugar Committee

Story

A young girl and an empress.
Bound by a shared desire for revenge, the two will shake the mightiest empire the world has ever known.

After losing her mother and being torn far from her homeland, a young girl named Sitara is taken in by Fatima, a kind-hearted lady from a family of scholars.

“If you study and become wise, no matter what trouble befalls you, you’ll know the best way forward.”

Deeply moved by the words of Fatima’s son, Muhammad, Sitara comes to understand the possibilities and importance of knowledge and begins to deepen her education.
She dreams that one day, she might catch up with Muhammad, who has set off on a journey in pursuit of wisdom…

Meanwhile, under the reign of Emperor Genghis Khan, the mighty Mongol Empire continues its unstoppable march, conquering nation after nation and expanding its influence across the world. Before long, the tides of history reach the city where Sitara lives.

After losing everything to Tolui, the empire’s Fourth Prince, and being taken captive, Sitara resolves to use the only thing she has left, her intellect, to infiltrate the royal court and bring down the empire from within.

Though a flame of revenge burns within her heart, Sitara outwardly devotes herself to serving the empire. One day, she has a fateful encounter with Töregene, the sixth wife of the Third Prince, Ögedei. Haunted by a tragic past of her own, Töregene too carries a deep hatred for the empire within her heart.

Sitara and Töregene, two women who were never meant to meet. The moment they join hands, the wheels of fate begin to turn.

 

Broadcast Info

The TV anime premiere of Jaadugar: A Witch in Mongolia will be a 1-hour special featuring both episodes 1 and 2 on Saturday, July 4, 2026 at 11:00 PM JST on TV Asahi Network. Beginning the following week, the series will air every Saturday at 11:30 PM JST.

Original Story: Tomato Soup “A Witch’s Life in Mongol” (Souffle/AKITASHOTEN)

Opening Theme Song

SEKAI NO OWARI 
“Stella”

Links

Official Website: http://anime-jaadugar.com/
Official X (Japanese): @anime_jaadugar (https://x.com/anime_jaadugar)
Official X (Global): @Jaadugar_global (https://x.com/Jaadugar_global)

About Science SARU

Science SARU is an animation production company committed to nurturing new talent and implementing cutting-edge  creative technology; the company has produced projects across different mediums, including for television,  film, and streaming. 

Representative works include the Annecy International Animation Film Festival Feature Film Grand Prix (Cristal)  winner Lu Over the Wall, as well as The Night Is Short, Walk on Girl, DEVILMAN crybaby, Keep Your Hands Off Eizouken!, INU-OH, Scott Pilgrim Takes Off, The Colors Within, and DAN DA DAN. The company is praised worldwide for its high-quality work.

Science SARU’s Official Site: https://sciencesaru.com/

About TV Asahi

TV Asahi Corporation is a national commercial broadcaster in Japan, leading the Japanese content industry and having 23 network affiliate stations covering the nation. TV Asahi produces and airs animation such as “Doraemon” from 1979, “Shin chan” from 1992, and the more recent “The Dangers in My Heart” and “Akane-banashi”. TV Asahi is also actively expanding into new businesses, including the production of original anime series in India and collaborative projects with partnering studios in Korea, Thailand, Hong Kong, and the US.

Manga Info

Title: A Witch’s Life in Mongol 
Author: Tomato Soup 
Serialized by AKITASHOTEN in Japan, available in English from YenPress
Link: https://yenpress.com/series/a-witch-s-life-in-mongol

Media Contact

Organization: CyberAgent, Inc.

Contact Person: CyberAgent, Inc. Press Contact

Website: https://caanime.cyberagent.co.jp/en/

Email: Send Email

Address:40-1 Udagawacho, Abema Towers, Shibuya City, Tokyo

City: Tokyo

Country:Japan

Release id:46112

The post Jaadugar: A Witch in Mongolia Announces Voice Acting Debut, Sumo Wrestlers Tamawashi and Tamashoho 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

From Healthcare to Housing: Tonya Barnes-Franklin Expands a 50-Year Jacksonville Real Estate Legacy

Published

7 hours ago

on

June 15, 2026

By

United States, 15th Jun 2026 — In a story that blends legacy, leadership, and love for community, Tonya Barnes-Franklin has stepped into her new role as owner and broker of George Barnes Realty, one of Jacksonville’s longest-standing family-owned real estate brokerages. Her transition marks not just a change in leadership, but the continuation of a 50-year tradition built by her father, the late George Barnes, a respected pioneer in the Jacksonville real estate market.

For Barnes-Franklin, this moment is more than a career shift — it’s a calling. After years of serving military veterans as a Primary Care Clinical Pharmacy Specialist with the Veterans Administration, she brings a rare combination of precision, compassion, and service-driven leadership to the world of real estate.

“Carrying forward what my father built is both an honor and a responsibility,” Barnes-Franklin shared. “George Barnes Realty has always stood for trust, relationships, and helping families find a place to call home. I’m committed to preserving that legacy while preparing the company for continued growth in today’s evolving real estate market.”

Founded more than five decades ago, George Barnes Realty has become a trusted name in Jacksonville real estate, known for its integrity, personalized service, and unwavering commitment to clients. The brokerage has guided generations of buyers, sellers, and renters through some of life’s most meaningful transitions — always with professionalism and care.

Now, under Barnes-Franklin’s leadership, the company is embracing a new chapter. She is introducing modern tools, updated systems, and innovative strategies designed to meet the needs of today’s homebuyers and sellers while maintaining the heart and values that have defined the brokerage since its beginning.

Her leadership philosophy is rooted in empowerment. She is cultivating a strong internal culture where agents are professionally trained, encouraged to grow, collaborate, and build thriving businesses within the firm. “When agents feel supported, clients feel it too,” she said. “Excellence starts from the inside.”

Barnes-Franklin’s journey from healthcare to real estate may seem unexpected, but the through-line is clear: she has always been committed to helping people. Whether improving health outcomes, mentoring real estate agents, or guiding families through major financial decisions, her work has always centered on service.

As an independently owned and operated brokerage, George Barnes Realty remains a pillar of trust and community connection in Jacksonville. With Barnes-Franklin at the helm, the company is poised for continued growth — honoring its past while confidently stepping into the future.

Every client who walks through the door can expect what the Barnes family has always promised: professionalism, excellence, and a real estate experience rooted in genuine care.

Media Contact

Organization: George Barnes Realty

Contact Person: Pat Council

Website: https://www.georgebarnesrealty.com

Email: Send Email

Country:United States

Release id:46120

The post From Healthcare to Housing: Tonya Barnes-Franklin Expands a 50-Year Jacksonville Real Estate Legacy 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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