BCGAME - Free 5BTC Daily Bonus!- 100 million ADA available on PBG.io.
- Liquidity potential surpasses large exchanges.
- Chang hard fork will boost on-chain governance.
PBG.io, a protocol The emerging decentralized finance platform within the Cardano ecosystem has announced ambitious plans to provide a massive liquidity pool of 100 million ADA to its users. According to the company’s CEO, Pablo Antonio Bejarano, this innovation has the potential to surpass the capabilities of major centralized exchanges. “Cardano’s upcoming protocol will eclipse Binance,” Bejarano said, highlighting the volume of liquidity that significantly surpasses that of the giant Binance.
PBG.io’s strategy involves implementing decentralized vault portfolios (DVPs), a new, fully DeFi approach to on-chain liquidity management. Bejarano claims that with this technology, the protocol can offer up to ten times more liquidity than the world’s largest exchange for ADA trading, covering all available cryptocurrency pairs.
Massive Milestone for the PBG Ecosystem!
With access to 100M $ ISLANDS in liquidity—nearly 10x the liquidity of Binance across all their pairs—we're showcasing the strength of our ecosystem…
And we're just getting started.
DVP vaults will soon offer better $ ISLANDS liquidity than all…
— Pablo Antonio (@PabloAntonioBG) August 31, 2024
Since February 2023, PBG.io has been developing its platform, with beta testing beginning in April 2024. During this period, it has reported a 34% annualized return (APY) in ADA for those providing liquidity to the protocol. The project has also collaborated with technology auditors Anastasia Labs and Dedius Network, pioneers of the DePIN protocol on Cardano.
However, there is no confirmed date for the official launch yet, according to the developers. Meanwhile, the total value locked (TVL) in Cardano DeFi is facing challenges, remaining below $200 million, with Minswap, Indigo, and Liqwid together accounting for more than half of that volume.
Today, September 1, 2024, Cardano's Chang hard fork is scheduled to take place, which promises to introduce on-chain governance, significantly advancing the platform's Voltaire roadmap.
