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.
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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.
El Cajon, CA, United States, 26th Apr 2024 – St. Paul’s PACE – Program of All-Inclusive Care for the Elderly – names Aleezah McKenna as the new Center Director of its Nemeth center in El Cajon.
McKenna is a seasoned healthcare professional with a decade of diverse experience working in assisted living facilities, hospitals, and clinics. Formerly the Director of Quality Initiatives at a leading New York City-based community healthcare organization, she has demonstrated expertise in enhancing healthcare standards and practices. She has also served as a consultant, providing technical assistance to county public health departments across America.
Prior to becoming Center Director for PACE El Cajon, McKenna was a supportive housing social worker and a social work manager at St. Paul’s PACE. She holds a Master of Clinical Social Work degree from Columbia University and brings a unique blend of clinical and administrative skills to her role.
McKenna’s passion for improving healthcare accessibility and quality for seniors drew her to St. Paul’s PACE. She takes pride in cultivating collaborative work environments and is committed to positively impacting the lives of those she serves.
“The most rewarding part of my job is seeing our team rise to the occasion and having the opportunity to learn from them,” says McKenna.
As Center Director for St. Paul’s PACE El Cajon, McKenna will oversee the expansion of PACE services while ensuring that staff and participants have what they need to succeed.
St. Paul’s Senior Services is a mission-driven San Diego non-profit and full service retirement provider, offering Independent, Assisted Living, Skilled Nursing communities and a Program of All-Inclusive Care for the Elderly (PACE). St. Paul’s PACE supports seniors so they can continue to live independently at home by providing personalized medical services, transportation, and home care. Seniors who are over 55 years of age, with chronic medical conditions that make it difficult to live at home, may qualify for services. For more information on St. Paul’s PACE, please visit www.StPaulsPACE.org or call 1(833) PACE NOW.
Press contact: Nicole Antonacci, St. Paul’s Senior Services Communications Specialist, 619-239-6900.
Media Contact
Organization: St. Paul’s PACE
Contact Person: Nicole Antonacci
Website: https://www.stpaulspace.org
Email: Send Email
Contact Number: +16195517400
Address: 1306 Broadway
City: El Cajon
State: CA
Country: United States
Release Id: 26042411379
The post St. Paul’s PACE in El Cajon Names New Center Director: Aleezah McKenna appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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–News Direct–
New York, USA, April 26, 2024 – HBO Film and Television Media Company announced plans to go public in the third quarter and issue HBO Token
HBO, the industry's leading film and television media company, announced today that it will be listed on the U.S. stock market in the third quarter of 2024 and launch its exclusive token HBO Token. This move is part of HBO's commitment to becoming an innovator in the film and television industry, and also aims to strengthen interaction with users and create win-win opportunities for the company and users.
HBO Film and Television Media Company was established in 2023 and has quickly become a powerful force in the industry with its excellent film and television production and distribution capabilities. At present, the company's digital AI ticket purchasing business segment has won the popularity of users around the world, with the number of daily active users reaching 500,000. At the end of the first quarter of 2024, HBO reached its interim revenue target, laying the foundation for the company to go public in the third quarter. In order to ensure the smooth progress of the listing plan, HBO has submitted relevant financial statements to the U.S. Securities and Exchange Commission (SEC) and plans to issue HBO Token at the same time as the listing, striving to achieve a breakthrough in the WEB3.0 field.
HBO is planning to use its advantages in the film and television media field to expand diversified growth directions and create a win-win situation for users and the company.
HBO's planning team predicts that HBO Token has the potential to increase value up to 100 times after entering the market. This is due to the company's accumulated experience in the industry and its extensive user base. In addition, based on WEB3.0 technology, HBO Token will provide users with higher privacy protection and more convenient transaction liquidity. The application scenarios of HBO Token are very rich, covering film and television, entertainment, consumption and other fields. Whether it is purchasing movie tickets, shopping, or participating in film and television project investments and community activities, HBO Token will become an important means of payment. This not only provides holders with a diverse usage experience, but also increases the appreciation potential of the token.
Follow us
Official Link: https://hbonm.com/
HBO Telegram Channel: https://t.me/hboglobalfilm
HBO APP: HBO Media
HBO Token Link
https://ave.ai/token/0x78b7a926313b1ba2b22692e8f4a8e9ef296d03fa-bsc?from=Token
Contact Details
Colin Nicholas
+1 850-954-5098
Company Website
View source version on newsdirect.com: https://newsdirect.com/news/hbo-announces-listing-and-issue-tokens-409488940
500NewsWire
COMTEX_451466230/2655/2024-04-26T12:11:40
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Press Release
Scottie Resources Reports Positive Gold Intercepts from 2023 Drill Campaign in Bc’s Golden Triangle
–News Direct–
Scottie Resources CEO Brad Rourke joined Steve Darling from Proactive to provide an update on the final assays from the company's 2023 drill campaign on the Blueberry Contact Zone in British Columbia's Golden Triangle. The results included impressive intercepts such as 13.9 g/t gold over 7.00 meters and 59.2 g/t gold over 1.25 meters.
Rourke explained that the Blueberry Contact Zone is situated 2 kilometers north-northeast of the Scottie Gold Mine, which the company owns outright and is located 35 kilometers north of Stewart, BC, along the Granduc Road, the zone has shown significant promise for high-grade mineralization.
The 2023 drill campaign encompassed 20,130 meters of diamond drilling, primarily aimed at expanding the Blueberry Contact Zone. The drilling successfully extended high-grade mineralization to a depth of 525 meters. Rourke highlighted key drillholes, such as SR23-312, which targeted the Blueberry-Fifi vein zones and intersected 13.9 grams per tonne gold over 7.00 meters. Additionally, drillhole SR23-306 targeted the Fifi-Lemoffe vein zones, resulting in intercepts of 59.2 g/t gold over 1.25 meters and 9.5 g/t gold over 1.00 meter.
These results signify significant progress for Scottie Resources and reinforce the potential of the Blueberry Contact Zone as a valuable asset within its portfolio.
Moreover, the company achieved a financial milestone by selling a 2% royalty to Franco-Nevada, bolstering its treasury significantly and adding credibility to its projects. Looking ahead to 2024, Scottie Resources plans a diversified exploration strategy, including further work on Blueberry and initiating underground drilling at Scotty Gold Mine to leverage its historic drill data and enhance resource estimation.
Contact Details
Proactive North America
Proactive North America
+1 604-688-8158
View source version on newsdirect.com: https://newsdirect.com/news/scottie-resources-reports-positive-gold-intercepts-from-2023-drill-campaign-in-bcs-golden-triangle-121259527
Scottie Resources Corp
COMTEX_451464977/2655/2024-04-26T11:23:25
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St. Paul’s PACE in El Cajon Names New Center Director: Aleezah McKenna
HBO announces listing and issue tokens
Scottie Resources Reports Positive Gold Intercepts from 2023 Drill Campaign in Bc’s Golden Triangle
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