Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the ability to earn a good return has been limited by the high transaction costs on the Ethereum (ETH) network. As a result, yield farmers have begun exploring options outside the Ethereum network for more accessible opportunities in a low fee environment. One option that has shown steady growth in liquidity since launching is Flamingo Finance (FLM), a DeFi platform based on the Neo (NEO) blockchain and the Poly Network interoperability protocol. Flamingo aims to become a full-service DeFi platform and the …

Regulatory activity has surfaced on many levels in crypto this year. Government agencies have provided clarity and executed enforcement and discussed new actions. Such regulation has widely impacted the industry, in part affecting big players entering the sector, according to METACO’s vice-president of sales and business development, Seamus Donoghue. “Regulatory barriers for institutions have been falling globally in 2020, and we expect that to continue into 2021,” Donoghue told Cointelegraph. In 2020, the crypto space has welcomed a developing trend of behemoth mainstream financial giants buying Bitcoin (BTC). MicroStrategy, MassMutual and Square serve as just three examples. Some regulatory actions, …

Waves Enterprise, a major technology company specializing in blockchain-based solutions for businesses and governments, has inked a new partner to streamline its e-voting service. According to a Dec. 16 announcement, Waves Enterprise has signed a memorandum of understanding with blockchain platform Ontology to integrate decentralized identification tools into the Waves Enterprise e-voting system. As part of the partnership, Waves Enterprise and Ontology aim to solve one of the biggest challenges of digital voting — user authentication and identification. The companies specifically plan to apply Ontology’s new decentralized identity solution known as ONT ID. Artem Kalikhov, chief product officer at Waves …

A DeFi platform that supports cross-chain collaboration between products based on different blockchains says more than $140 million of assets have been deposited in its ecosystem. Wing says it is aiming to build a decentralized governance model and risk control mechanism to “promote an equally beneficial relationship between borrowers, creditors and guarantors” Those who own WING tokens can participate in the decentralized autonomous organization’s governance and vote on the launch of new projects as well as how the DAO’s community fund should be distributed. They are also encouraged to make new product proposals to ensure that better DeFi products are …

Wing, a lending protocol built on the Ontology blockchain, currently has $180 million in crypto assets staked on its platform — not a meager amount, even by Ethereum (ETH) standards. Erick Pinos, Ontology’s ecosystem lead for the Americas and an advisor to Wing, told Cointelegraph that he believes two features make this DeFi project unique: cross-chain interoperability with Ethereum and the fact that lending is credit-based, allowing for loans to be under-collateralized. The system's OScore analyzes each user’s on-chain behavior to generate a credit score. This then determines the amount of collateral the user needs to post for a given …

An open-source blockchain specializing in digital identity and data has held a live ask-me-anything session with Cointelegraph. Erick Pinos, Ontology’s Americas ecosystem lead, said the company is constantly making upgrades to its protocol — meaning big improvements have been made since it was initially released in 2017. “Our virtual machine can handle a lot more complex transactions at the same time — and a lot more complexity in what developers can build,” Pinos noted. “We’ve always been making improvements to the core protocol, but we’re also focused a lot on smart contracts and tools that are built on top of …

Binance, one of the world’s biggest crypto exchanges, has announced on July 5 that it will support the upcoming Ontology 2.0 network upgrade. Ontology 2.0 will include the integration of a number of community-led upgrades to its MainNet. Binance says that it will end support of Neo Enhancement Protocol 5-based, or NEP5, ONT tokens deposits. Any future deposits of NEP5 ONT will not be credited to users' Binance account, it indicates. Deposits and withdrawals of ONT will be stopped starting July 6 at 9 a.m. UTC. Users will be notified when the Ontology upgraded network becomes stable and deposits and …

Blockchain platform Ontology and Swiss crypto-financial service provider Bitcoin Suisse have partnered together in an effort to grow their respective ecosystems in Europe and Asia. The partnership sees Bitcoin Suisse list the Ontology (ONT) token and the Ontology wallet adding support for the CryptoFranc (XCHF) stablecoin. Co-founder of Ontology Andy Ji explained the significance of this partnership in relation to the firm’s European growth strategy: “The timing of this is significant, given our imminent plans to establish an office in Berlin and to expand our European footprint more broadly.” In recent months, Ontology has received token listings from European platforms …

Ontology recently partnered with German digital identity and cloud wallet provider, Spherity, to collaborate on expediting development on digital identity solutions for products and enterprises. The partnership will see Spherity’s Cloud-Edge wallet integrate with Ontology’s (ONT) blockchain, and allow Ontology to use Spheriy’s Decentralized Digital Identity solutions. The two firms will work together on creating proof-of-concept pilots demonstrating applications for digital identity within the context of supply chain, mobility, and pharmaceuticals — leveraging Spherity’s existing customer base. Ontology and Spherity will also collaborate on research and marketing initiatives. Identity solutions target the supply chain Spherity CEO, Dr. Carsten Stöcker, told …

Blockchain platform Ontology announced a partnership with social creator platform OGQ to use the Ontology blockchain to ensure copyright protection for content created through the platform. OGQ allows users to upload and sell unique digital content including emojis, memes, fonts, music, and videos. The partnership will see 250 million instances of digital content being uploaded to the Ontology blockchain. Ontology partners with social creators on copyright Since launching in 2011, OGQ has attracted 14 million creators who have uploaded 54 million pieces of digital content to the platform. Digital assets uploaded to the blockchain will also be purchasable in exchange …

Growing the library of assets built on its own blockchain, Binance recently issued a new token backed by the crypto asset, Ontology (ONT). Built on Binance Chain and governed by a series of parameters known as BEP2, the new token goes by the name ONT-33D, a Binance spokesperson told Cointelegraph in an email. Tokens are backed by ONT coins Each ONT-33D token holds a backing of one ONT coin, the spokesperson said. In theory, this should keep the token's price the same as the ONT tokens traded on the open crypto market. By nature, ONT coins travel on Ontology's own …

NEO (NEO) founder Da Hongfei appeared at the Blockdown 2020 virtual conference on April 16, where he spoke about blockchain’s role in the post-pandemic world. The creator of the project dubbed the “Chinese Ethereum” suggested that the world was currently witnessing a pattern of de-globalization. According to Hongfei, blockchain will be the technology that puts humanity back on course to becoming a global community. Hongfei pointed out that blockchain is ideology agnostic, and while different nations may have different financial ideas and concepts, blockchain can be the neutral ground which bridges those gaps: “First of all, blockchain is ideology neutral. …