Press Release
Synbit uses synthetic assets to build a more comprehensive income market and volatility structure to boost the development of DeFi
With the momentum of liquidity mining getting stronger and stronger, DeFi is transforming traditional financial products into protocols at a hundred times faster. Decentralized trading platforms, stablecoins, decentralized lending and borrowing platforms, synthetic assets, and insurance products will all be decentralized, trustless and transparent in the decentralized network protocols. We believe that compared with traditional finance, DeFi has a more ambitious vision, that is to allow anyone to publicly own or trade any financial assets anywhere in the world.
Because DeFi lacks some basic products and services, it is still incomplete in the construction of a “decentralized financial market (DeFi market)” and needs the support of structured financial tools.
We find that in the traditional financial market, a large number of monetary asset collaterals, including short-term debt collaterals, long-term debt collaterals based on sovereign credit, and quasi-currency created based on repurchase or asset securitization, constitute large-scale financial derivative instruments and form a systematic financial market, playing an important role in risk management, asset pricing, and improving market liquidity. DeFi also requires durable and stable assets and liquidity. Currently, the basic assets supporting liquidity mining can be roughly divided into three categories: Transaction fees, income from loan interest rate spreads, and guaranteed governance tokens. When basic asset income (or “productivity”) is insufficient to sustain the credit boom, a risk similar to the traditional “financial crisis” will appear.
Synbit is committed to building a more comprehensive income market and volatility structure. In the mapping process of traditional financial market products, it has broken through the construction of comprehensive decentralized financial derivatives, laying a rich and solid asset foundation for the development of the DeFi industry. In the setting of collaterals, Synbit supports multiple pledge methods, such as ETH, stablecoins, and SYN. The mortgage rate of each asset is calculated through modeling based on the stability of its price. In the future, the calculation model and its mortgage rate can be adjusted through the community governance mechanism. Users can mortgage the synthetic assets issued or directly exchange with other types of synthetic assets by purchasing synthetic assets. Synbit’s excess mortgage mechanism and unique liquidation mechanism ensure the safety of all debts. The collaterals can perfectly cover the debts, which means that the systemic risks mentioned above are unlikely to occur in Synbit. In order to attract users to participate in the Synbit ecosystem and ensure the smooth launch and sustainable development of the Synbit platform, the platform has formulated targeted incentive plans for ecological participants such as mortgagers, traders, and coin holders. In addition, Synbit adopts a unique debt pool model, traders do not need counterparties when trading, which effectively solves the liquidity and slippage problems faced by DEX (decentralized exchange). The multi-pledge, multi-form, and multi-reward setting can provide liquidity for Synbit’s continuous transfer of assets.
Of course, Synbit is more than that. We hope to fully map the traditional financial market and build a complete “decentralized financial market (DeFi market)”. From swaps to futures and options, interest rates, stocks, foreign exchange, commodities and other asset products are widely used on the chain to meet the needs of position risk balance, liquidity, hedging, leverage, and other investment portfolio and liquidity managements, create long-term value, and exploit the huge potential of the decentralized derivatives market. It will be the most promising part, the core of the entire DeFi ecosystem, and the most difficult part to accomplish and overcome in the DeFi industry.
We have overcome some of the problems-breaking the isolation of the DeFi protocol, and creating a financial product with rich risk-return characteristics – Synbit by making full use of the composability of DeFi. We will continue to explore the depth and breadth of products, redefine the nature of asset management, and meet the needs of professional investment consulting and services. Achieve our grand vision, which is to “combine everything and cross the financial boundary”.
Synbit will release a beta version on the Ethereum Kovan network on December 11. Synbit is a decentralized synthetic asset issuance protocol based on Ethereum smart contracts, allowing users to mint assets and trade financial derivatives in a decentralized manner. Every user who participates in the test and provides feedback will get a certain token incentive. Welcome to join the Synbit community to participate in the test. Specific test-related contents and test incentives will be released on the official Twitter and Discord channel later.
Synbit’s official website:https://www.synbit.io
Twitter:https://twitter.com/SynbitProtocol
Telegram:https://t.me/Synbit
Discord:https://discord.gg/MycR8DK
Looking forward to entering a new world of synthetic assets together with you.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Cryptorefills launches x402 payments for AI agents, publishes agentic commerce reference
USDC payments on Base for AI agents at checkout, alongside open-source documentation of how merchants run agent-driven commerce.
Amsterdam, May 11th 2026, ZEX PR WIRE, 15:00 CEST. Cryptorefills has enabled x402 payments at checkout, allowing AI agents to pay for gift cards, mobile top-ups and eSIMs using USDC on the Base network. The protocol, developed by Coinbase and Cloudflare, lets autonomous software settle stablecoin transactions programmatically. Cryptorefills has also published an open-source operations reference for the merchant operations layer of agentic commerce.
x402 lets a software agent receive an HTTP 402 Payment Required response from a merchant, settle the requested amount in stablecoin, and complete the transaction in a single automated exchange. For Cryptorefills, checkout becomes a programmable endpoint that agents can call directly.
The x402 launch adds a second agent-payment rail to the platform. Cryptorefills released its Model Context Protocol server in October 2025, allowing agents to discover products, build orders, and complete purchases through MCP. x402 addresses a different pattern: the agent calls a Cryptorefills endpoint, receives payment terms, settles in USDC, and completes the request in one round trip. The two rails serve different agent contexts and run in parallel.
“We shipped x402 and open-sourced our merchant operations work in the same week on purpose. One is a payment rail, while the other is what a merchant needs around it to accept agent traffic. Agentic commerce is happening, and very little about the second part has been written down,” said Massimiliano Silenzi, CEO of Cryptorefills. “We’ve been running stablecoin checkout since 2018, and a lot of what we learned there carries over. We chose to publish what we’ve learned and continue building the rest openly.”
The reference repository, available at github.com/Cryptorefills/agentic-commerce, covers the operations surface that surrounds the protocol stack. Topics include catalogue discovery for agent buyers, settlement reconciliation across chains, quote-and-pricing handling, and delivery confirmations. Documentation is released under CC0; example code is Apache 2.0.
“In the repository we just open-sourced there are nine playbooks, the TypeScript schemas behind them, and five runnable examples. Two of them connect to our live MCP and x402 endpoints, so a developer can clone the repository and watch the agent-merchant exchange execute against production,” said Simonluca Landi, CTO of Cryptorefills.
Cryptorefills serves AI agents through three of the field’s emerging standards: MCP for context, Agent Skills for capability publishing, and x402 for stablecoin settlement.
About Cryptorefills
Cryptorefills enables people in over 180 countries to spend cryptocurrency on everyday products and services. Categories include gift cards from over 6,600 brands, mobile top-ups across 600 operators, eSIMs, flights across 300 airlines, and stays at over 1 million hotels and properties. The platform supports stablecoin checkout across Base, Ethereum, Tron, Solana, Polygon, and other major networks, alongside Bitcoin and Lightning. It is among the first ecommerce companies to integrate AI-agent payment standards including MCP, Agent Skills, and x402.
Operating publicly since 2018 and headquartered in Amsterdam, Cryptorefills is a member of the Holland Fintech Association and Blockchain Netherlands Foundation.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Collaboration to focus on cost-effective capture and mineralization of biogenic CO₂ in Europe
Korea South, 11th May 2026, – SEOUL, South Korea & KORTRIJK, Belgium – South Korea’s ICEnergy and Belgium-based Emicap have partnered to deploy cryogenic carbon capture systems targeting biogenic CO₂ in Europe. The partnership combines ICEnergy’s proprietary capture technology with Emicap’s cryogenic R&D and market access, supported by Emicap’s sister company, LM Engineering, which provides industrial engineering and execution capabilities.
Dr. Sungho Park(icenergy0805@gmail.com), CEO of ICEnergy, stated that he hopes this partnership will enable ICEnergy and Emicap to take a further step toward realizing carbon neutrality in the European market. The collaboration comes at a pivotal moment following the successful demonstration of ICEnergy’s technology. Amid a rapidly expanding European market for biogenic CO₂ solutions, early deployment is critical to secure access to high-quality feedstocks and permanent storage pathways.
ICEnergy recently demonstrated a 10 ton/day cryogenic carbon capture system for both onshore and marine applications. The system converts flue gas CO2 directly into dry ice, avoiding the need for conventional separation and liquefaction steps. A key feature of the electrically driven process is the internal recovery and reuse of cold energy. By recycling this energy, external demand is reduced and consumption is focused on CO₂ conversion, resulting in approximately 30% lower energy use compared to conventional systems, supporting a low lifecycle carbon footprint.
Emicap integrates cryogenic CO2 capture with downstream applications by coupling emission sources from Waste-to-Energy and biomass plants to the carbonation of alkaline industrial residues such as steel slags and fly ash. To ensure seamless site-specific deployment, Emicap applies its cryogenic R&D expertise to tailor ICEnergy’s capture systems for these European industrial plants. This integration enables the permanent storage of CO2 while upgrading captured emissions and industrial residues into supplementary cementitious materials for use in low-carbon construction. By operating across the full value chain, Emicap helps offset capture costs, reducing reliance on institutional subsidies.
The partners are targeting removal of up to 200 kilotons of CO₂ annually by 2035, positioning the collaboration to contribute to industrial-scale, net-negative emissions.
Media Contact
Organization: ICEnergy Co.,
Contact
Person: Sungho Park
Website:
https://www.icenergy.co.kr/
Email:
icenergy0805@gmail.com
Contact Number: 82313307852
Country:Korea South
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Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments appeared first on
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It is provided by a third-party content
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About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Collaboration to focus on cost-effective capture and mineralization of biogenic CO₂ in Europe
Korea South, 11th May 2026, – SEOUL, South Korea & KORTRIJK, Belgium – South Korea’s ICEnergy and Belgium-based Emicap have partnered to deploy cryogenic carbon capture systems targeting biogenic CO₂ in Europe. The partnership combines ICEnergy’s proprietary capture technology with Emicap’s cryogenic R&D and market access, supported by Emicap’s sister company, LM Engineering, which provides industrial engineering and execution capabilities.
Dr. Sungho Park(icenergy0805@gmail.com), CEO of ICEnergy, stated that he hopes this partnership will enable ICEnergy and Emicap to take a further step toward realizing carbon neutrality in the European market. The collaboration comes at a pivotal moment following the successful demonstration of ICEnergy’s technology. Amid a rapidly expanding European market for biogenic CO₂ solutions, early deployment is critical to secure access to high-quality feedstocks and permanent storage pathways.
ICEnergy recently demonstrated a 10 ton/day cryogenic carbon capture system for both onshore and marine applications. The system converts flue gas CO2 directly into dry ice, avoiding the need for conventional separation and liquefaction steps. A key feature of the electrically driven process is the internal recovery and reuse of cold energy. By recycling this energy, external demand is reduced and consumption is focused on CO₂ conversion, resulting in approximately 30% lower energy use compared to conventional systems, supporting a low lifecycle carbon footprint.
Emicap integrates cryogenic CO2 capture with downstream applications by coupling emission sources from Waste-to-Energy and biomass plants to the carbonation of alkaline industrial residues such as steel slags and fly ash. To ensure seamless site-specific deployment, Emicap applies its cryogenic R&D expertise to tailor ICEnergy’s capture systems for these European industrial plants. This integration enables the permanent storage of CO2 while upgrading captured emissions and industrial residues into supplementary cementitious materials for use in low-carbon construction. By operating across the full value chain, Emicap helps offset capture costs, reducing reliance on institutional subsidies.
The partners are targeting removal of up to 200 kilotons of CO₂ annually by 2035, positioning the collaboration to contribute to industrial-scale, net-negative emissions.
Media Contact
Organization: ICEnergy Co.,
Contact
Person: Sungho Park
Website:
https://www.icenergy.co.kr/
Email:
icenergy0805@gmail.com
Contact Number: 82313307852
Country:Korea South
The post
Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Cryptorefills launches x402 payments for AI agents, publishes agentic commerce reference
Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments
Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments
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