GM Digest #439 — Welp
Good Morning with Valuable Alpha / News
Huma Finance Raise
• @humafinance raised $38M to scale its Payment Financing (PayFi) network, which uses real-world assets to provide instant, borderless liquidity
• The round was led by Distributed Global, with participation from key investors like Hashkey Capital and Stellar Development Foundation
• Huma's PayFi network aims to bridge traditional and blockchain financial systems, addressing the global liquidity gap by bringing part of the dollar payment volume to blockchains
• Following a merger with @arf_one, the network has already processed $1.8 billion in transactions
• Huma plans further expansion to Stellar and Solana and will decentralize its network by launching the Huma Foundation later this year
Introducing Kindred
• @KindredSwap is a platform that allows users to conduct anonymous cross-chain swaps between major blockchain networks
• It breaks the link between the sender and receiver, making transactions untraceable using decentralized escrow wallets. Transactions are handled through an automated system
• Kindred supports major blockchains like Ethereum, Bitcoin, and BNB
• Additionally, the platform is also accessible via a Telegram bot
Solbank OTC
• @Solbankfi has launched an On-Chain OTC trading platform for meme tokens and Solana-based assets
• This platform enables more efficient, private, and scalable trades compared to traditional exchanges
• It eliminates price slippage, lowers fees to a flat 0.1%, and offers partial order fills to avoid market volatility, making it suitable for large transactions
• Phase 1 focuses on meme tokens, while Phase 2 will expand to cover a wider range of Solana assets
Introducing Twin Finance
• @TwinFinance introduced Twin Finance, a RWA issuance protocol native to Berachain allowing users to trade derivatives of any RWAs
• Twin Finance will allow users to trade stocks, stock indices and commodities on chain in a decentralised and permissionless way. Users will be able to mint, LP and trade these synthetic RWAs
• Twin Finance uses a “Twin” token concept which is a long or short token which mirrors the price and the inverse price of the tracked asset. Users will have to mint the asset via $HONEY as the collateral. Twin Finance is currently still in testnet on the Berachain Artio testnet
Misc News
• @puffer_finance snapshot has been taken