10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Control Finance: Lending-Borrowing On Tezos

Through Control Finance, users will be able to lend out their Tezos-based assets and earn interest while doing so. On the other end, users will be able to supply collateral and borrow assets.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

Control Finance

Through Control Finance, users will be able to lend out their Tezos-based assets and earn interest while doing so. On the other end, users will be able to supply collateral and borrow assets. 

Control Finance is designed in such a way that lenders funds are not fixed for a certain period of time.

This is made possible by the Control protocol, which accumulates the funds of all users providing the asset and their funds become interchangeable. Due to this, the protocol is able to provide greater liquidity compared to direct lending.

This is achieved through the creation of a placeholder token called ShareToken (sToken).

In return for the deposited funds, the investor receives sTokens, which constantly increase their value as interest on loans accumulates. Thus, the investor receives his dividends simply by owning the FA2 sToken.

Control Finance is powered by Flame DeFi. And although both are separate projects, Control Finance does include the possibility to use Flame LP tokens as collateral.

This is an interesting use-case since providing liquidity usually is a (semi)long-term strategy and allowing LP tokens as collateral, frees this value for other possibilities within the Tezos DeFi ecosystem.

Interest rates are variable, depending on ask and demand. If many users supply assets for lending, while fewer users take out a loan, the interest rate is low. If more users take out loans, while the supply stays the same, the interest rate goes up. 

On the borrowing side, there is a risk of liquidation. As we know from stablecoin protocols where users can mint stabelcoins in exchange for a supplied collateral, liquidation can be activated by other users when the collateral value drops below a certain threshold.

This is always a risk that borrowing brings, so make sure you fully understand this risk before interacting with the protocol on the borrowing side.

CTRL Governance Token

Control Governance aims for full decentralization through the governance token “CTRL”.

Owners of Control (CTRL) tokens will be able to vote for the adoption of changes in the following cases:

– The ability to list a new asset;

– Ability to delete active asset;

– The ability to update the collateral factor for each asset;

– The ability to update the interest rate model for each asset;

– The possibility of change % rewards for farming CTRL token

– The ability to change reserve ratio

CTRL Earning Design

Part of the interest that is paid for the loans that are taken out will be distributed to CTRL token holders. The percentage that will be allocated to CTRL holders is between 0% and 50% and will be determined by voting. (Again by CTRL holders). 

CTRL Presale

The CRTL presale is currently ongoing and will end soon. You can buy CTRL on the Control Finance website

You can stake your CTRL from presale on the CTRL cold farm. This means that you can earn tokens from the moment you buy them and before they come available through the IDO which will take place at a later time.

You don’t need to lock your tokens in a smart contract to be able to stake. This is called cold staking. This way you will still be able to use your tokens for voting. 

20M CTRL tokens are allocated for the presale.

All unsold tokens will be transferred to the next round: the IDO. 

Seed sale price: 

1 CTRL = 0.0075 XTZ

IDO price: 

1 CTRL = 0.01 XTZ

Initial token supply:

100,000,000 CTRL

Maximum token supply:

100,000,000 CTRL

Seed sale:

20,000,000 CTRL*

Team:
10,000,000 CTRL*

Airdrop:

1,000,000 CTRL

Marketing:

4,000,000 CTRL

Smart contract:

KT1P456X7TN1QMu7xNdrDVMBJwNpraFkNdGx

Token ID:
0

Decimals:
6

*All unsold tokens will be transfered to the next round of sale. The team’s tokens will be locked for 2 years with a monthly unlock.

Control Finance Launchdate

The launch date is set for Q1 2022.

More info here: https://medium.com/@ControlFinance/control-finance-3fc5b8d93155 

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More
27 February 2024

Unveiling tzBTC 2.0: A New Era for Wrapped Bitcoin on Tezos

tzBTC 2.0 will be unveiled for the Tezos blockchain by the end of April 2024. Building upon the success of its predecessor, tzBTC 2.0 offers enhanced accessibility and cost-effectiveness ushering in a new era for the intersection of Bitcoin and Tezos.

Read More
12 January 2024

TezFin Launches Full Production Version With The Aim To Sustainably Scale Tezos DeFi

TezFin has officially moved from its beta stage to launch its full production version, initiating a new era in the Tezos blockchain’s decentralized finance (DeFi) lending sector. The announcement was made through TezFin’s official Twitter handle, @TezosFinance.

Read More
28 September 2023

Fireblocks Extends Full Support for Tezos, Increasing Institutional Access to DeFi and Web3 Ecosystem

Fireblocks has announced the launch of its comprehensive support for Tezos. This development allows Fireblocks customers to securely manage FA1.2 and FA2 token standards on Tezos and utilize Fireblocks’ Web3 Engine to develop new products and services on the Tezos blockchain.

Read More