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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

Betski secures a $15 Million Investment Commitment from Nimbus Capital to Accelerate its Global Growth

Published

50 minutes ago

on

November 5, 2026

By

Kingstown, Saint Vincent and The Grenadines, November 5th, 2026, FinanceWire

Betski ($BETSKI), a proprietary next-generation real-money gaming platform, today announced a long-term strategic commitment of $15 million from Nimbus Capital, a private alternative investment group specializing in bridging emerging digital economies with institutional capital markets. Notably, both groups are headquartered in Panama City. 

The commitment will support the next phase of Betski’s growth, including the company’s continued expansion, scaling player acquisition, entering new markets, strengthening its proprietary platform, and developing the broader $BETSKI ecosystem. 

“Securing this $15 million investment from Nimbus Capital represents a major milestone for Betski,” said Alejandro Navarro, Founder and CEO of Betski. “ We have spent four years building our platform from the ground up and proving that it can acquire, retain, and monetize players efficiently. This partnership provides us with the capital and strategic support needed to accelerate our growth, expand internationally, and continue building one of the strongest player experiences in online gaming.” 

The announcement also follows the selection of Betski Founder and CEO Alejandro Navarro for the Forbes 30 Under 30 Centroamérica 2026 list in the Technology and Innovation category, recognizing his work building Betski into a proprietary online gaming platform positioned for international growth. 

For the founders and the wider Betski team, this milestone is the beginning of the next chapter. The company believes it now has the technology, operating foundation, strategic relationships, and growth capital needed to pursue category leadership and work toward becoming one of the defining iGaming companies of its generation. 

“Betski built its own technology, proved it could acquire and retain players, and is now taking that platform to international markets,” said Robert Baker, Managing Partner of Nimbus Capital. “What stood out to us is a business that is already live and growing, and with both groups headquartered in Panama City, a long-term partnership was the natural way to structure this as each of us grows beyond the region. We believe our commitment can help Betski scale its player base, expand even further into new markets, and grow the $BETSKI ecosystem into a globally recognized gaming brand.”

A Strategic Partnership for Global Growth 

The partnership brings together Betski’s proprietary gaming technology and demonstrated operating traction with Nimbus Capital’s experience in digital assets, structured investments, liquidity, and global capital markets, while reinforcing growing institutional interest in the convergence of online gaming and digital assets. 

The commitment follows Betski’s transition from a multi-year development program into a live and growing iGaming company. Betski currently processes millions of dollars in monthly wagers, has invested more than US$2 million in its proprietary technology, achieved more than 800% growth during its initial scaling phase, has built an integrated real-money iGaming platform, and has demonstrated efficient and scalable player acquisition across paid media, creators, affiliates, agents, and community-driven channels. 

This is a natural partnership with both groups headquartered out of the same city, an operator building for international markets alongside an investment group active across the globe. Panama is a large part of why the fit works, a dollarized economy and one of the fastest-growing in the region, gives both groups a credible and stable base from which to grow and compete abroad. For the country, this partnership is also a marker of what its own ecosystem can now produce, a technology company and an institutional investment group, both built locally, backing each other on a global stage. 

Building Betski Into a Global iGaming Leader 

Betski was founded on the belief that the next generation of global gaming companies will be built around proprietary technology, outstanding player experiences, strong communities, and the ability to serve both traditional and digital-asset users within a single ecosystem. The company’s ambition is not simply to become another iGaming platform. Betski intends to build a globally recognized gaming and entertainment brand capable of competing with the largest companies in the industry. 

This commitment allows Betski to pursue that vision with greater speed and confidence. It will enable the company to reach more players, expand its international presence, strengthen liquidity, advance its proprietary technology, deepen its loyalty and VIP capabilities, and continue developing the $BETSKI token ecosystem and its supporting market infrastructure. 

Building the Player Experience of the Next Generation 

Betski is being built around a simple belief: the next generation of players expects far more from a gaming platform than access to games and sports. Rather than treating every player the same, Betski is developing an experience that evolves around each individual, where player behavior, preferences, activity, and loyalty will help shape the rewards, offers, challenges, content, and experiences they receive. From a new player completing an initial mission to a long-standing VIP receiving personalized service and access to exclusive opportunities, every stage of the journey is intended to feel distinct and rewarding. 

Community is central to that vision. Betski sees the future of iGaming as increasingly social and experience-driven, with players engaging not only with games but also with creators, competitions, live events, shared challenges, leaderboards, and communities built around common interests. Over time, the $BETSKI token is expected to add another dimension to this ecosystem by connecting platform activity, community participation, loyalty, and digital ownership. The token is being designed to complement the player experience, not complicate it. Participation will not be required to access Betski’s core products. 

About Betski 

Betski is a proprietary iGaming platform designed for the next generation of players. Founded by Forbes 30 Under 30 Centroamérica honoree Alejandro Navarro, Betski has grown into a live iGaming business serving thousands of registered players and processing millions of dollars in monthly wagering activity. Built around player experience, progression, and community, with the $BETSKI token designed to complement its core products.  

Betski operates through PTY Global Fun LLC under an international gaming license. 

Website: www.betski.com 

X: @Betski

Email: investors@betski.com 

About Nimbus Capital 

Nimbus Capital is a private alternative investment group specializing in cross-border transactions across blockchain technologies and digital-asset partnerships. Backed by In On Capital, a boutique wealth-management firm with more than US$1.7 billion in assets under management, Nimbus provides liquidity and structured financing solutions to high-growth companies worldwide. Nimbus is committed to advancing the global digital economy through strategic investments in tokenization, blockchain infrastructure, and transformative Web3 technologies. 

Website: www.nimbuscapital.io 

X: @Nimbus_Capital_ 

LinkedIn: https://linkedin.com/company/nimbuscapitalfund

Contact

CCO
Joe Da Gama
Betski
investors@betski.com

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Press Release

Euro Stablecoins Added $263 Million in a Year, Up 54%, While Dollar Supply Fell, DIA Study Finds

Published

1 hour ago

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November 5, 2026

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Zug, Switzerland, November 5th, 2026, ZEX PR WIRE, DIA, the trustless blockchain oracle network, today published “The New Stablecoin Fragmentation,” a large study of 140+ active stablecoins from nearly 100 issuers in 25 currencies, built on DIA’s Global Stablecoin Map, a public dashboard. It finds euro stablecoins added $263 million in the year to 19 October, up 54%, while dollar stablecoin supply fell 1.3%. At $790 million, the euro is now the largest non-dollar stablecoin market.

Banks already issue 29% of euro stablecoins, and a 37-bank consortium is next

SG-FORGE’s EURCV and Banking Circle’s EURI hold 29% of euro stablecoin supply. EURCV is the fastest-growing large euro coin, up two and a half times since March. Crédit Agricole launched its own coin, EURXT, in July. Qivalis, a consortium of 37 banks, received its Dutch e-money licence on 14 October and expects to issue within months. The ECB’s Pontes platform, which settles tokenized assets in central bank money, went live on 21 September.

Euro stablecoins carry 8.5% of onchain card spending, more than 30 times their share of supply

Euro stablecoin card spending reached $459 million in the twelve months to September, more than five times the prior year. Circle’s EURC accounted for 80% of it and Monerium’s EURe for the rest. That is 8.5% of all traceable onchain stablecoin card spending, against the euro’s 0.26% share of stablecoin supply.

Euro stablecoins are used in DeFi at more than ten times the rate of USDT

About 35% of euro stablecoin supply is deployed in DeFi, against 2.7% for USDT. On Token Terminal’s measure, a single Steakhouse-curated Morpho vault holds most of EURCV. Without that vault, the euro share falls to about USDC’s level of 12.9%. Euro lending markets total about €130 million, with roughly 72% borrowed. Meanwhile, ESMA told licensed firms in October to wind down custody and transfer services for non-compliant stablecoins such as USDT by early 2027.

“Two stablecoins can represent the same currency and still be entirely different products,” said Zygis Marazas, Head of Product at DIA. “A coin used for payments on Tron, one backing loans in DeFi and one listed on a MiCA-licensed exchange carry different risks, publish different proof-of-reserve disclosures and answer to different regulatory frameworks. Designing a stablecoin has to start with the rails it runs on, the customers it serves and the market it is built for.”

MiCA sets one rulebook across the EU, and 98% of euro supply is already licensed

Under MiCA, euro stablecoin issuers must hold full reserves and redeem at par. In December 2023, issuers now licensed under MiCA accounted for 27% of euro stablecoin supply. Today they account for 98%, and unlicensed coins have shrunk from €195 million to about €12 million.

Read the report and explore the data

Read the full report, “The New Stablecoin Fragmentation“. For every stablecoin, see supply by chain, peg stability, DEX liquidity, DeFi usage, frozen balances, who controls minting and freezing, and licence and reserve reports on the Global Stablecoin Map.

About DIA

DIA is a trustless blockchain oracle network. Its modular, rollup-based design enables verifiable sourcing and delivery of any data to any blockchain. The network is permissionless, allowing anyone to deploy oracles, operate nodes and participate as stakers in the distributed data sourcing process. For more information, visit diadata.org.

Data notes

DIA does not issue stablecoins. Data as of 20 October 2026; supply growth, the euro total and the euro’s share of supply as of 19 October 2026. Supply and growth come from DIA’s Global Stablecoin Map, which uses DeFiLlama circulating supply and DIA’s own onchain contract reads for coins DeFiLlama does not track. Growth compares the same coins at the end of October 2025 and on 19 October 2026, when they rose from $487 million to $750 million. Coins with no supply data a year earlier, mainly Banking Circle’s EURI, add about $39 million more. Card spending comes from Paymentscan, October 2025 to September 2026, and covers EURC and EURe spending whose funding is traceable onchain. DeFi share uses Token Terminal (12 October 2026); lending figures come from DIA’s lending data. The Global Stablecoin Map updates daily, so its live figures will differ from this 19 October snapshot.

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Press Release

Hola Prime’s Second Deloitte Review Confirms 99.9% One-Hour Payouts, Zero Denials Across $8.43M in Payouts

Published

3 hours ago

on

November 5, 2026

By

New York, USA, November 5th, 2026, FinanceWire

12-month operational review of 2.3M trades and 139,000+ accounts confirms 99.9% of payout requests processed in under one hour with zero payout denials.

Hola Prime, a global proprietary trading firm, today announced the publication of its second independent operational review conducted by Deloitte. Expanding its commitment to industry accountability under its new “The Whole Truth” campaign, the 12-month evaluation provides an comprehensive, data-driven look into the firm’s trade execution, account journeys, and payout performance.

Unlike standard industry marketing claims, the review offers complete operational visibility by evaluating 6,315 payout transactions, 139,320 account records, and approximately 2.3 million trade records across three major trading platforms.

Key Findings from the 12-Month Independent Review:

  • Payout Processing Performance: 99.9% of payout requests were processed within one hour, backing Hola Prime’s signature 1-Hour Payout commitment. The average payout processing time across the reviewed transactions was 31 minutes.
  • Capital Distributed: $8.43 million was paid out to traders over the last 12-month period till 15th Oct’26, with more than 50% of funded traders receiving more than one (multiple payouts). 
  • Zero Payout Denials: No payout requests were denied during the 12-month assessment period, with 100% of the requests raised, resulting in successful payouts.
  • Zero Median Slippage: Trade execution quality across 2.3 million trade records revealed zero median slippage on cTrader across all 10 of Hola Prime’s most frequently traded instruments.
  • Unfiltered Performance Data: Evaluation pass rates ranged between 22.53% and 32.41% across account plans, reflecting the real traders’ outcomes rather than curated success stories.

“Every prop firm claims they pay their traders, we believe traders deserve proof over promises,” said Somesh Kapuria, CEO of Hola Prime. “That’s why we’ve opened 12 months of operational data to independent scrutiny for the second time. We are publishing the reviewed numbers by a reputed Big four Audit firm, that make us proud alongside the realistic metrics that usually get hidden behind marketing spin. Trust shouldn’t be requested; it must be demonstrated.”

Through The Whole Truth initiative, Hola Prime is challenging the broader proprietary trading sector to move away from unverified payout screenshots and adopt regular, third-party operational verification as standard practice.

The full Deloitte review is available to the public at www.holaprime.com.

About Hola Prime

Hola Prime is a global proprietary trading firm empowering skilled traders worldwide with funded accounts and direct access to significant capital across Forex, commodities, and indices. Built on its industry-first 1-Hour Payout model and a commitment to radical transparency, Hola Prime was named Global Most Transparent Prop Firm 2025 by Finance Magnates and Fastest Payout Prop Firm MEA 2026 by UF Awards. Backed by a 4.6 Trustpilot rating and an active global community under #WeAreTraders, Hola Prime is redefining industry expectations.

Contact

Manya Bhardwaj
HolaPrime
contactus@holaprime.com

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