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
Vaiz introduces agile project management tools as teams leave Jira for simpler alternatives
Limassol, Cyprus – 19/05/2026 – (SeaPRwire) – Vaiz, the Limassol-based maker of a unified workspace for tasks and documents, is putting its agile project management tools in front of teams that have adopted agile in principle but find themselves buried in the ceremony that comes with it. Seventy-four percent of organizations now run on agile or hybrid agile approaches, according to Digital.ai’s 18th State of Agile Report — but adoption and effectiveness are two different things. In 2026, the question is no longer whether agile matters. It is whether the tools teams use to run it are helping them ship faster or just making the process more visible.

The ceremony problem
Most agile tools were designed to manage agile processes: sprint boards, story point estimation, velocity charts, burndown reports, retrospective templates. The tools are thorough. They are also, for many small and mid-sized teams, exhausting. Configuring Jira to run a ten-person team requires the kind of admin investment that makes sense for a fifty-person engineering org. Running Scrum ceremonies across three different tools — a sprint board in one place, specs in another, retrospective notes in a third — means teams spend their energy on coordination instead of delivery.
Vaiz ships with a ready-to-use Scrum template that covers the full sprint rhythm out of the box: nine columns including a dedicated Ceremonies lane for planning, standups, reviews, and retrospectives, plus a Sprint Results area to keep outcomes visible across cycles. WIP limits on active stages prevent overload. Sprint Number, Estimated Time, and Logged Time fields let teams track capacity and spot the gap between planning and reality — without over-engineering the process. Engineering task categories cover Frontend, Backend, API, DevOps, UI/UX, and more. No admin required to get started. Teams comparing the two platforms directly can see a full breakdown at vaiz.com/compare.
Why agile teams are choosing Vaiz
Every task in Vaiz contains a native document editor capable of holding user stories, acceptance criteria, technical specs, and decision logs directly alongside the work. When a developer picks up a sprint item, the context is already there — no Confluence tab, no “where did we put that spec” in Slack. GitHub and GitLab integrations pull requests, branches, merge requests, and commits onto the task itself, so sprint traceability happens without manual status updates. The built-in AI assistant turns sprint goals into task breakdowns, drafts plans from briefs, and compresses long comment threads into action items the team can actually act on. For engineering teams working with AI-assisted development, Vaiz exposes a native MCP endpoint that lets Claude, Cursor, and other compatible assistants read and write directly into the workspace — no manual copy-paste between tools.
Development pace
Vaiz is on version 2.84 with regular releases since 2025, recently moving to a two-week release cycle. Releases in 2026 have delivered an improved UI, Slack integration, Cursor IDE support, and calendar integration. An iOS app is coming soon in Q2 2026.
Switching and pricing
Teams moving over from another tool can transfer boards, tasks, and history through Vaiz’s Migration Center, which currently handles Jira, Asana, Trello, YouTrack, Linear, and Notion in one click — with ClickUp, Monday, and Wrike on the way. The platform is free for teams of up to 10 users, with no credit card required. Paid plans are $5 per user per month for Pro and $9 per user per month for Premium. An on-premises Enterprise edition is available for organizations with data residency requirements. Every paid plan includes a 30-day free trial, and startups receive a 50% discount.
More information is available at vaiz.com.
About Vaiz
Founded in 2024 and based in Limassol, Cyprus, Vaiz Ltd builds a cloud-based work management platform that brings task boards, documents, and automation into a single workspace. The product is used by cross-functional teams at startups, game studios, product companies, agencies, and growing businesses, and holds a 4.8/5 average rating across G2, Trustpilot, Crozdesk, and SoftwareSuggest.
Media Contact
Brand: Vaiz
Contact: Mike Burton
Email: marketing@vaiz.com
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
Nexcbit Announces Market Rewards for Traders and IBs
The multi-asset broker is raising the bar on trader incentives and partner earnings — giving every depositor an instant trading boost and paying Introducing Brokers among the most competitive rebates in the market.
Dubai, UAE, May 19th, 2026 — Nexcbit Market, a global multi-asset trading broker offering access to Forex, commodities, indices, and crypto CFDs, is drawing fresh attention from traders and affiliate partners alike following the launch of two standout programmes: a 15% deposit bonus on every deposit made into a live trading account, and an Introducing Broker (IB) commission structure paying up to $50 per lot — positioning the broker as one of the most rewarding platforms for both active traders and referral partners in today’s market.

15% Bonus on Every Deposit — Instantly Added to Your Trading Balance.Fund your account once or fund it again — the bonus applies every time, with no cap.
15% DEPOSIT BONUS: MORE CAPITAL, MORE OPPORTUNITY
Unlike one-time welcome bonuses that expire after a first deposit, Nexcbit Market applies a 15% trading bonus to every deposit a client makes. A trader depositing $1,000 receives an immediate $150 credit added to their trading balance — capital that can be deployed directly in the markets.
This ongoing structure benefits traders at every stage: beginners gain a larger starting buffer, while experienced traders scaling their positions can consistently amplify available margin without changing their deposit strategy. The bonus is designed to increase a trader’s staying power and reduce the impact of short-term volatility on their account.
The programme reflects Nexcbit Market’s core philosophy: reward loyalty, not just acquisition. Every deposit counts, and every trader benefits — not just new sign-ups.
IBs Earn Up to $50 Per Lot — One of the Highest Rebate Rates Available. Refer clients, earn every time they trade — with no ceiling on total commissions.
IB PROGRAMME: UP TO $50 PER LOT FOR INTRODUCING BROKERS
Nexcbit Market’s Introducing Broker programme is structured to attract serious referral partners — signal providers, trading educators, community managers, and affiliate marketers who bring active traders to the platform.
IBs earn up to $50 per standard lot traded by each referred client. With no cap on the number of referrals and no ceiling on total earnings, an IB with a strong network of active traders can generate substantial recurring income. Commissions are tracked transparently through a dedicated IB portal, with regular payouts and real-time reporting available.
The IB structure is built for professionals who want scalable, passive income tied to the trading activity of their network — not one-time referral fees that stop paying the moment a client signs up.
ABOUT NEXCBIT MARKET
Nexcbit Market is a globally accessible multi-asset broker offering CFD trading across Forex pairs, commodities, stock indices, and cryptocurrency markets, built for traders who value execution quality, transparent pricing, and a broker that actively invests in their success through ongoing incentives. The platform provides competitive trading conditions — including a 15% deposit bonus on every deposit — alongside a range of account types, multi-platform access, and a professional IB programme paying up to $50 per lot, making it a viable choice for both independent retail traders and institutional partners seeking a reliable execution environment. To start trading or register as an IB, visit nexcbitmarket.com.
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
99 App Opens Wait List for UK’s First Digital Neobank Built for Ethical and Sharia-Aligned Consumers
21-year-old Egyptian-British founder is positioning 99 App as more than a fintech, but rather as a movement
United Kingdom, 19th May 2026 —99 App today announced that it has opened the waiting list for customers who want to sign up for the United Kingdom’s first digital neobank that’s built simultaneously for ethical and Sharia-aligned consumers. Abdalla Lotfy, 99 App’s 21-year-old Egyptian-British founder, is positioning 99 App as more than a fintech, but rather as a movement. The product is a mobile-first current account with values alignment built into the core, including an integrated giving platform routed through registered UK charities and a screening engine that filters financial products on both ethical and Sharia criteria using the same database. It also provides Cashback, along with other features tailored to every segment from students to Gen Alpha.

“I did not originally set out to build a neobank. I started out reading philosophy,” explained Lotfy, who entered King’s College London at 16 and is now finishing his Master’s at Imperial College Business School. “Reading philosophy forced me to look at the systems I had been raised in, instead of taking them for granted. The more I read across psychology, economics, and the existential writers, the more I understood that a great deal of what is accepted as ordinary is the result of choices that benefit a small number of people at the cost of everyone else. With 99 App, we’re going to change this status quo.”
Unlike traditional banks, 99 App will not provide capital for industries that its customers would refuse to fund, e.g., industries that pollute and exploit people, weapons, etc. Instead, 99 App puts choice back in thecustomer’shands. 99 App recognizes that the ethical consumer and the Sharia-aligned consumer want the same thing for different reasons, and that the technology now exists to give it to them at the same time, in the same product.
Britain’s 31 million ethical and Sharia-aligned consumers finally have a serious challenger. The Arabic word Sharia (ﺔﻌيرﺷ) literally translates as “the path to the watering place.” It is a system of principles for living, not a body of mystical or secretive doctrine, and in the context of finance, it functions as a framework for distinguishing capital that builds from capital that harms. Ethicalfinance, drawn from a separate tradition rooted in cooperative and conscience-driven economics, reaches the same set of conclusions through a different route. The two frameworks overlap so closely on what they refuse to fund that 99 App applies a single screening engine to satisfy both audiences. Both frameworks reject three practices that mainstream neobanking treats as ordinary.
99 App has assembled an experienced management team. 99App’s CCO/MLRO is a former Vice President at Barclays. Its CTO is the current/former CTO of Papel, where he runs a PCI-DSS Level 1 certified payments infrastructure with 50+ engineers across Visa, Mastercard, and Troy schemes. Its Deputy CTO came from JPMorgan. Its advisor, Christophe Schwarz, was CTO of five fintechs and Managing Director at Barclays and UBS, and joined for zero cash compensation.
About 99 Financial Technologies Ltd
99Financial Technologies Ltd is a London-headquartered fintech building the United Kingdom’s first digital neobank designed simultaneously for ethical and Sharia-aligned consumers.
For more information, or to join the waitlist, visit https://99app.co.uk
END
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Media Contact
Organization: 99 Financial Technologies Ltd
Contact Person: Abdalla Lotfy
Website: https://99app.co.uk
Email: Send Email
Contact Number: +447777737567
Country:United Kingdom
Release id:45198
The post 99 App Opens Wait List for UK’s First Digital Neobank Built for Ethical and Sharia-Aligned Consumers 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
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.
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