Free TON DeFi Alliance Announces 15M TON Yield Farming Program
The 15M TON Yield Farming program will take place on TON Swap (Free TON’s DEX powered by Broxus), except for the WTON-USDT pair which will be both hosted on Uniswap and TON Swap. On June 29 the first stage of farming begins. The second stage is expected to start by the end of the week. The rewards for liquidity providers will be given within two months.
Free TON has recently committed to adding $1B in liquidity before the end of 2021.
The launch of the new farming program is another successfully completed stage on the way to a TVL of at least $1 billion.
In recent months, the decentralized community of the network has been investing huge human and financial resources in the development of the network, which is bearing fruit. We encourage each participant to make a feasible contribution to the development of the network!
Rangers Protocol plans testnet launch for mid-July
Describing itself as a provider of “virtual worlds blockchain infrastructure,” the Rangers Protocol will open its testnet to users starting in July. “In the past three years, we have solved many problems by tackling down tons of technical problems,” said Rangers Protocol co-founder Mary Ma.
Now it is time to show the world what we are made of.
The announcement of the planned testnet follows the protocol rebranding to include a nonfungible token, or NFT, platform, based on the team’s assumption that the NFT market will “explode soon”. Rangers Protocol claims to achieve “real-time block generation” at a block per second, allowing entrepreneurs and creators to build NFTs, games, and DApps on top of the platform in a permissionless environment.
NFT has successfully found its place in the market and more and more projects from the crypto market and the real sector are using this format. Ranger Protocol has also decided to add NFT support in the new update.
Polygon announces scalable data availability infrastructure Avail
The Polygon team is set to launch a data availability solution for sidechains and layer-two protocols.
According to a release issued on Monday, Polygon revealed that Avail will function as a data available tool for execution layers like sidechains, standalone networks, and layer-two protocols.
One of the major hurdles for effective blockchain scaling is the data availability problem. To tackle this problem, the Polygon team stated that Avail utilizes erasure coding and polynomial commitment to combat data encoding fraud proofs by creating a two-dimensional data availability layer.