A significant rise in prices has been seen after funds invested in two popular altcoin projects, which are loved and followed by the crypto community. Here are the altcoins in question…
zkLend will launch two products on StarkNet
zkLend, a money market protocol built on StarkNet, has raised $5 million in a seed funding round led by Delphi Digital . During the day, it was stated that zkLend will use the money raised from the fund to develop and launch two money market products, Artemis and Apollo, on StarkWare’s Ethereum Layer 2 network, StarkNet. According to the statements of the altcoin company, Artemis is expected to be released this year, while Apollo is expected to be released in early 2023.
StarkNet was built by four-year-old Israeli crypto startup StarkWare, which recently reached a valuation of $6 billion after raising $100 million in a Sequoia-led Series D funding round. It leverages ZK-Rollup technology to help leading altcoin Ethereum achieve higher trading volumes with gas fees reduced by 100 to 200 times. zkLend will also include ZEND, allowing users to participate in governance and earn some of the revenue generated by the protocol through staking.
Big support for popular altcoin HBAR
Having made a huge rise since last week, Hedera Hashgraph (HBAR)’s foundation has set up a $155 million “Cryptocurrency” to support the development of DeFi on the altcoin’s network. announced the launch of the “Economic Fund”. According to the statement made by the altcoin company the other day, this fund will be used to increase the growth of the HBAR economy and accessibility within the network. According to another statement made by the foundation, $60 million of the fund will be used for the development of the HBAR ecosystem and liquidity rewards.
Stader Labs, Stader Labs, the stake platform, has been rewarded with a surprisingly high amount. On the other hand, according to the HBAR Foundation, the amount was given to improve Stader Labs’ proof-of-stake mechanism and make it more secure. Shayne Higdon, CEO of HBAR Foundation, whose views we follow closely as Kriptokoin.com, uses the following statements on this subject:
Our aim is to attract our users to the Hedera platform, where they can benefit from scalable and lower-cost products. New institutions, tokens and swap options are coming to Hedera every day. For this reason, low cost and scalability are very important.
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