As a seasoned analyst with years of experience in the cryptocurrency and blockchain industry, I find this partnership between Credbull and Plume to be an exciting development that underscores the growing maturity of DeFi solutions. The launch of LiquidStone, a new liquid high yield solution, is not just a testament to the potential of on-chain private credit platforms but also a significant step towards bridging the gap between traditional finance and decentralized finance.
Credbulll, a decentralized credit platform, teams up with Plume to introduce LiquidStone – a novel high-yield investment solution exclusively available through the Plume Network’s platform.
As per Credbull’s announcement, LiquidStone is planning to spread its financial holdings over a variety of digital assets that are held on blockchains, on-chain lending services backed by collateral, and profitable trading financing options with high returns.
Initially, Credbull will kick off its growth plan by investing a starting capital of $100 million. Simultaneously, they’ll introduce a financial product that yields an annual percentage of 10%, compounded daily over a 30-day period. This product also comes with redemption options for users.
After the initial release, there will be another introduction during the first three months of 2025, offering a 90-day savings product that yields 15% per annum, paid out monthly. This expansion aims to increase our total assets to half a billion dollars.
LiquidStone has been developed as an extension of the original blueprints by Credbull, Plume, and Centrifuge, aiming to seamlessly introduce higher-value assets within the Plume system.
The CEO of Credbull, Jason Dehni, is expanding the company as a demonstration of their dedication to offering “groundbreaking and top-tier private credit solutions within the Decentralized Finance (DeFi) sector.
According to Dehni, by utilizing Plume’s network and their cutting-edge method for RWAfi, we can provide our blockchain-based financial solutions with improved efficiency and convenience.
Furthermore, Credbull will provide tailored rewards that align with the RWAfi ecosystem of Plume’s platform. Notably, Plume’s platform will be the sole provider for LiquidStone.
According to Chris Yin, the CEO of Plume Network, the system they’ve built is designed specifically for RWAfi. Their blockchain technology is focused on streamlining and improving liquidity within the real-world assets sector.
Yin stated that we’re pushing forward with our goal to advance innovation and streamline operations within the Decentralized Finance (DeFi) sector, all while fostering the wider use of blockchain-based assets through Centrifuge.
In an interview with crypto.news held in May 2024, Jason Dehni of Credbull expressed his belief that RWA tokenization holds the power to bring about transformative changes.
He added that asset tokenization has the potential to significantly alter global economics, reduce economic disparity, and lower investment barriers. He also claims RWA can open the door to inaccessible assets, which would benefit people living in developing countries.
Read More
Sorry. No data so far.
2024-10-03 16:08