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Cardano’s First DeFi Project Revealed as Partnership With Bondly Finance Announced

Input Output Hong Kong (IOHK) has just announced a new partnership that would enable the first decentralized finance (DeFi) project on the network….

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Input Output Hong Kong (IOHK), the company behind the Cardano blockchain has just announced a new partnership that would enable the first decentralized finance (DeFi) project on the network.

Cardano partners with Bondly Finance.jpg

As part of the roll-out of Cardano’s smart contract functionality, IOHK has announced the partnership with Bondly Finance, a company aimed to bring agile and trusted DeFi to everyone.

Bondly would become Cardano’s first DeFi project launched on the blockchain. IOHK’s announcement read:

“We’re partnering with @BondlyFinance, which will be the first DeFi project enabled on #Cardano as a part of the roll-out of our smart contract functionality. Our partnership will be a huge step in continuing both companies’ mission to bring decentralized finance to the masses.”

Bondly is a platform that enables peer to peer crypto exchange, across any blockchain, through any medium. The partnership would the duo to achieve key milestones, including moving the Bondly cryptocurrency from the Polkadot blockchain to Cardano, and enable escrow and buyer protection to run on the Cardano blockchain.

Cardano’s smart contract functionality has still yet to roll out as part of the Goguen era, and Bondly would be able to support the building of solutions with DeFi.

Cardano’s Goguen era, which marks the next period after Shelley, will be the era of implementing smart contracts and enabling decentralized applications (Dapps) on the network. Aimed at developers, the Goguen platform caters to the cohort with the foundation and tools they need to build applications on Cardano.

The Goguen update will not prioritize ADA transactions and contracts over other tokens issued on Cardano, unlike Ethereum; where the blockchain prioritizes ETH over other ERC-20 tokens on the network. Developers would be able to use Cardano at ease, as tokens on the network will inherit all security and smart contract behaviors of Cardano’s native crypto, ADA.

One of the major developments as part of Cardano’s transition into becoming fully decentralized is the Marlowe Project. According to Charles Hoskinson the founder of Cardano, the platform has incorporated the research and development of the last twenty years in a range of areas, and has marked an important milestone. Marlowe enables peer-to-peer loans and contracts for difference (CFDs). The Marlowe project will be completed once the Goguen era is ready.

As Cardano is in the progress of transforming into a fully decentralized network, users on the Marlowe platform will be able to launch ready made templates of DeFi contracts and digital assets and transfer the terms of the contracts on the platform.

Image source: Shutterstock

Bondly is a platform that enables peer to peer crypto exchange, across any blockchain, through any medium. The partnership would the duo to achieve key milestones, including moving the Bondly cryptocurrency from the Polkadot blockchain to Cardano, and enable escrow and buyer protection to run on the Cardano blockchain.

Source: https://blockchain.news/news/cardano-first-defi-project-partnership-bondly-finance

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Coinpedia

Polygon(MATIC) Price Smashed The Milestone Above $2, Is $3 Imminent?

Polygon(Matic) price hit the milestone in the early trading hours, yet appears poised to rise to higher levels above $3

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MATIC Price Forms New Highs

Polygon (Matic) price in recent days stood strong despite a huge market correction, above $1. No doubt small pullbacks below $1 were also a part of the rally, yet it bounced off well to regain the lost positions.

In a very surprising move, the matic price flipped the bearish trap and bounced from levels below $1.6 to the current levels above $2. Moreover, the intensified bull run showcases the price is self assured to hit the next resistance levels around $3 to $3.2.

matic jumping

Currently, Matic broke the upper resistance levels of the parallel channel and flew high above $2. Therefore, the next target to hit before the daily close is around $2.4 to $2.45 . Once these levels are achieved successfully, $3 is imminent.

Also Read: MATIC, BNB, LINK, and SUSHI Poised to Erupt Soon, Hints Analyst

Polygon Transactions More Cheaper Than Ethereum

It is a known fact that the gas fees are extremely high on Ethereum platform. Despite a couple of upgrades, the issue has yet to be fixed. And therefore many looked out for other options to get rid of the fees.

However, the polygon network has emerged as one of the most cost effective platforms than Ethereum.

The above is the comparison of the transaction fees of a single day, where the polygon platform accounted for 275% less fees than that of Ethereum. Hence the growing ecosystem fuels the MATIC price rally which is poised to hit higher levels in coming days.

Also Read: Theta Coin Price Rises High Despite A Bloodbath In Crypto Space

However, the polygon network has emerged as one of the most cost effective platforms than Ethereum.

Source: https://coinpedia.org/price-analysis/matic-price-risies-above-levels/

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CNBC

Target, CVS, Starbucks and other retailers ease mask mandates for fully vaccinated customers

Target, CVS and Starbucks joined a growing list of retailers and restaurants that will ease mask requirements for fully vaccinated customers.

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Shoppers wear protective masks inside a Target Corp. store in New York, U.S., on Saturday, Aug. 15, 2020. Target is scheduled to release earnings figures on August 19.

Jeenah Moon | Bloomberg | Getty Images

The CDC said Thursday that fully vaccinated people do not need to wear a mask or stay 6 feet apart from others in most cases, whether indoors or outdoors. People are considered fully vaccinated two weeks after they receive the second dose of the PfizerBioNTech or Moderna vaccines or the single dose of Johnson & Johnson.

The sudden change by the federal agency prompted confusion and some criticism. Over the weekend, CDC director Dr. Rochelle Walensky and White House chief medical advisor Dr. Anthony Fauci made rounds on news programs to explain and defend the policy change.

Some feel the new guidance will encourage more people to get inoculated, but others are concerned the policy relies too heavily on people being honest about their vaccination status. The possibility that unvaccinated people may go maskless is a concern for those who are not yet vaccinated or have children under 12 years of age who cannot yet receive the vaccine.

As of Saturday, roughly 47% of the U.S. population have received at least one vaccine dose, according to the CDC. About 37% are fully vaccinated, according to the agency.

All of the retailers said they would follow local mandates, which are also changing. New York state said Monday it will allow people to skip masks if they are fully vaccinated, starting Wednesday. Masks will still be required in some settings, such as public transit and health-care facilities, according to federal guidelines. California health officials said Monday that they’re sticking to the plan to keep the mask mandate until June 15, which was set before the CDC released its updated guidance.

Retailers that changed their mask policies did not announce plans to check customers’ vaccination status. They asked those who are not vaccinated to continue wearing masks in their stores. The companies have taken different approaches with their workforces.

In a statement, CVS said it would still require its employees to wear masks while at work. Chipotle restaurant workers will still be required to wear masks, according to Chief Corporate Affairs Officer Laurie Schalow. Target said in a statement that its employees who are fully vaccinated will not have to wear masks — but said it would keep other safety measures, such as extra cleaning and social distancing in its stores.

Starbucks’ new mask policy does not appear to apply to baristas. Since February, the coffee chain has required its restaurant workers at company operated locations in the U.S. and Canada to wear multi-ply facial coverings, or double mask. Starbucks has required facial coverings inside its cafes for customers since July 15.

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Source: https://www.cnbc.com/2021/05/17/starbucks-updates-mask-policy-for-vaccinated-customers.html

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Reuters

Disneyland Paris to re-open on June 17

Disneyland Paris (DIS.N) said on Monday that it would re-open on June 17, as French bars, restaurants and tourism sites gradually resume their operations after having been shut due to COVID-19 sanitary restrictions.

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The logo of Disneyland Paris is seen in Marne-la-Vallee, near Paris, as the theme park prepares to reopen its doors to the public following the coronavirus disease (COVID-19) outbreak in France, July 9, 2020. REUTERS/Charles Platiau

Disneyland Paris (DIS.N) said on Monday that it would re-open on June 17, as French bars, restaurants and tourism sites gradually resume their operations after having been shut due to COVID-19 sanitary restrictions.

Our Standards: The Thomson Reuters Trust Principles.

Source: https://www.reuters.com/lifestyle/disneyland-paris-re-open-june-17-2021-05-17/

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