Altcoin News Official TheBitTimes.com

AutoLayer partners with Renzo Protocol on Arbitrum. This integration marks a pivotal advancement in AutoLayer’s quest to offer users improved opportunities for liquid restaking and yield generation. Renzo presents an opportunity to engage with their Restaked Ethereum (ezETH) through the AutoLayer interface, enabling seamless restaking via the provided link . This initiative allows participants to accrue staking rewards, EigenLayer points, Renzo’s ezPoints, and AutoLayer points concurrently. Below is a brief overview outlining the scope of this integration: APY Calculation AutoLayer will generate Annual Percentage Yield (APY) by analyzing historical data, specifically utilizing daily data from Renzo to compute an accurate and transparent APY figure. Points Retrieval AutoLayer utilizes Renzo’s API to fetch protocol points, enabling users to track their ezPoints earned from investing in Renzo’s LRT. Proxy servers are deployed to safeguard AutoLayer’s IP from...

Quasar Finance raises $5.4M to advance interchain DeFi, announces public testnet launch date and new website. Quasar has successfully raised $5,432,100 USD (countdown intended) for our bridge round, with a $70 million USD valuation.  This bridge round was led by Shima Capital. Alongside returning investors Polychain Capital, Blockchain Capital, HASH CIB, and Osmosis founder Sunny Aggarwal. New investment also comes from Anagram and major players in the Cosmos ecosystem such as Cosmostation, Keplr, and Everstake. “Quasar is an irreplaceable cornerstone of Cosmos and is a critical unlock for DeFi across IBC protocols. Quasar not only solves for the ecosystem’s fragmented capital shortcomings but also provides cutting-edge, secure financial mechanisms for a diverse user base. Valeyo and his team fundamentally redefines on-chain asset management and establishes Quasar as a strong precedent for the next generation of DeFi applications.”— Alex Lin, Shima Capital $11.5 milli...