DeFi is Coming to Partisia Blockchain

DeFi is Coming to Partisia Blockchain

The Partisia Blockchain ecosystem is entering an exciting new phase as we lay the foundations for a thriving decentralized finance (DeFi) ecosystem. With a growing suite of innovative projects on the horizon, Partisia Blockchain is positioning itself as a hub for scalable, privacy-enhancing, and interoperable DeFi solutions.

This ecosystem will initially include a decentralized exchange (DEX), a liquid staking protocol, a lending protocol, a Token Launchpad, and more, all working in synergy to unlock opportunities for users, developers, and institutions alike.

DeFi on Partisia Blockchain

Partisia Blockchain offers unique features that make it an ideal foundation for DeFi innovation:

  • Performance and Scalability: With sub-second finality and true sharding, Partisia Blockchain ensures unparalleled scalability for high transaction volumes and decentralized applications.
  • Privacy-Enhancing Technology (PET): Built on Secure Multi-Party Computation (MPC), Partisia Blockchain ensures data privacy and computations without compromising security or transparency.
  • Interoperability: Partisia Blockchain’s current and future cross-chain capabilities enable seamless interactions with other major blockchain ecosystems, fostering broader adoption and usability.

These technical advantages provide the foundation for a DeFi ecosystem that is not only efficient but also secure and versatile.

Scaling DeFi with Performance and Security

Partisia Blockchain is uniquely equipped to address the challenges facing DeFi today, including scalability, security, and regulatory compliance. Together with its high-performance capabilities, Partisia offers key benefits:

  • Secure Ecosystem Growth: Dual-layer architecture ensures that sensitive data can remain shielded, fostering trust among users and institutional participants.
  • Institutional Confidence: Features like metadata-only visibility and sharding create an environment that appeals to traditional finance players looking to explore DeFi without compromising confidential information.
  • Regulatory Compliance: A robust infrastructure that aligns with global regulations enables innovative DeFi products to cater to diverse markets and participants.

About Sceptre

In collaboration with Sceptre, we will be bringing Liquid Staking to Partisia Blockchain. Sceptre has proven itself through its success on the Flare network, achieving remarkable results in a short space of time:

  • Staking across 50+ validator nodes.
  • An average APY of ~42%, thanks to compounding rewards.
  • Integration with major DeFi protocols (DEXs, lending, leverage, and perpetuals).
  • Over 141 million FLR tokens staked.
  • A community of 2,205 stakers.

This rapid growth underscores Sceptre‘s ability to deliver value to stakers and networks alike, making it an ideal partner for Partisia Blockchain’s ambitious DeFi expansion.

“I’m super excited about Sceptre and Partisia teaming up and creating liquid staking for the MPC token! Partisia will be an amazing addition to Sceptre where we aim to not just do liquid staking but take advantage of a network’s unique characteristics to get the best result for stakers, node operators, and the network. I’m looking forward to our close cooperation with Partisia and ecosystem partners. 2025, bring it on!”

 – Alexander Elhorst, CEO of Sceptre.

Emerging DeFi Ecosystem on Partisia Blockchain

This partnership is a cornerstone of a larger DeFi ecosystem taking shape on Partisia Blockchain. Get ready for:

  • DEX Soft Launch: A decentralized exchange to provide liquidity and trading options for the ecosystem is already on mainnettestnet and will be soft launched very soon.
  • Boosty’s Lending Protocol: Set to go live by the end of Q1, this product will add another layer of functionality to Partisia’s DeFi offerings.
  • Token Launchpad: A grant-supported initiative to be announced by the end of the year, facilitating token launches within the ecosystem.

These projects demonstrate Partisia Blockchain’s commitment to fostering a comprehensive DeFi ecosystem that caters to diverse user needs.

What’s Next?

The soft launch of the decentralized exchange will mark the beginning of a series of exciting launches aimed at building a comprehensive DeFi ecosystem on Partisia Blockchain. 

Boosty’s lending protocol is expected to follow, targeting the end of Q1 2025 for launch, and the Token Launchpad initiative will further expand opportunities for builders and innovators.

This is your chance to be part of a groundbreaking transformation in DeFi. 

Stay tuned for updates as we roll out these exciting projects. Developers, stakers, and enthusiasts – join the Partisia Blockchain ecosystem and contribute to building a privacy-preserving, scalable, and interoperable decentralized future.

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Airdrop Top-Up: Celebrating Community’s Contributions

Airdrop Top-Up: Celebrating Community’s Contributions

We’re thrilled to announce an additional round of airdrops to honor and reward some of the most significant contributors and supporters in our community! Our community is the cornerstone of everything we do, and this top-up is our way of saying thank you.

Key Details:

  • Claim Period: Opens at 18:00 CET on Monday, December 16th, and closes at 23:59 CET on Sunday, December 29th.
  • Distribution Date: Tokens will be distributed on Monday, December 30th.

Why a Top-Up?

Our first round of distributions shared rewards across the large community that participated but, on reflection afterwards, we felt that some of the people who supported us the most, deserved further recognition. 

That is what this additional distribution is all about.

How to Claim:

Visit the AirDrop terms page here, sign-in with your wallet, and confirm your eligibility. Please make sure you have reviewed the AirDrop terms and conditions before proceeding.

Complete the process: Follow the simple steps to claim your rewards by confirming the transaction. You will need some BYOC tokens to cover the gas fees for the claim and future transactions.

Distribution period:

  • Claim starts: 18:00 CET December 16 2024
  • Claim ends: 23:59 CET December 29 2024
  • Distribution: December 30 2024

Please note that there will be no additional distributions if participants fail to claim within these timelines, so be sure to act promptly.

Important Notes:

  • Claims are only valid during the specified claim period. Be sure to act before the deadline to secure your rewards.
  • Distribution will occur directly to your wallet on the 30th, so there’s no need to take additional steps after claiming.

We’re grateful for the ongoing commitment from every member of our community. This top-up is a testament to our dedication to fostering a thriving and engaged ecosystem. Let’s continue to build the future of blockchain together!

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November 2024 update

November 2024 update

November has been a month of growth and innovation for Partisia Blockchain! From welcoming new projects like Varmeta and BoostyLabs, to enabling BYOC tokens like wBTC and introducing wrapped MPC, we’re expanding the ecosystem and improving accessibility. With browser upgrades and exciting announcements like the upcoming zkCrossDEX launch, there’s a lot to look forward to. Read on for all the details, including highlights from our partnerships and events!

New Projects: Expanding the Ecosystem

We’re getting more projects building on our chain!  Two new projects have received grants from the foundation to build on the Partisia Blockchain network.

Varmeta is  building out a sealed bid NFT auction system that integrates Partisia Blockchain’s MPC as a service. Building on the BNB Chain, Varmeta will enable NFT platforms to conduct confidential auctions where bid details remain private until the auction concludes. This approach mirrors what Profila is achieving on the Cardano network, showcasing the versatility of our technology in enhancing blockchain solutions.

BoostyLabs has signed a grant to develop a lending protocol on Partisia Blockchain. This initiative underscores our commitment to expanding the DeFi space by supporting innovative solutions that strengthen our ecosystem. Stay tuned as we continue to grow and add more exciting projects to the network!

We’ve also been busy looking to lock up more partnerships and our latest trip lead us down to DevCon at Bangkok.  We took part in multiple events both showcasing our technology and looking for new partnerships in an ever growing privacy sector in blockchains.  We took part in a pitch session and a workshop at the Staking Summit, a pitch and panel session at DeCC x Shielding summit and took part in podcasts by TheStreet.  

Emurgo AMA on MPC as a Service

In a special Twitter Space AMA, Emurgo hosted Partisia Blockchain and Profila to spotlight the growing partnership between Cardano, Partisia Blockchain, and Profila. The discussion underscored our commitment to enabling MPC as a service across blockchains, reinforcing our core philosophy of collaboration over competition.

This event highlights our dedication to fostering partnerships that drive innovation and extend the reach of MPC technology to new networks.

BYOC Tokens and upcoming zkCrossDEX

We’ve got some exciting news!  New BYOC tokens are coming live on Partisia Blockchain! We’ve enabled wBTC as a BYOC token on Partisia Blockchain, making us one of the few blockchains to allow transactions using this popular token as a means of payment.

In line with our mission to remove friction for users, we now support the wrapped MPC token as a BYOC token. A new feature in the browser enables seamless wrapping of MPC tokens, marking the first step toward making our network even more user-friendly. The next phase will eliminate the need for initial gas when wrapping MPC tokens, allowing new users to interact with the chain without bridging gas via traditional BYOC tokens.

Get ready for our first decentralized exchange, zkCrossDEX, which is set to launch in December! While we finalize a few last-minute adjustments, stay tuned for a bug bounty program and incentive initiatives to celebrate the launch.

Exciting times are ahead as we continue enhancing accessibility and innovation on Partisia Blockchain!

Enhancing usability: Browser upgrades for nodes and staking

As part of our commitment to making the Partisia Blockchain network more accessible, our browser has undergone several updates and added new features. These enhancements simplify the process of operating a node and staking, ensuring a smoother experience for users.

We invite you to explore the improved browser and share your feedback. Your input helps us continue refining and optimizing the tools that empower our community!

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