• VeChain solutions can mitigate demand for transparency and improve China’s food chain.
• Numerous companies have signed agreements with VeChain and position it as a key player in economic recovery.

Aidan Connolly, President of AgriTech Capital and CEO at Cainthus, has published research on China’s food sector woes. In the context of the post-pandemic Covid-19 economic recovery, Connolly argues that VeChain could be “a game-changer”.

Although the Asian giant faces a “predicament,” as Connolly’s publication states, it has a recovery plan in place for 5 key areas. For the Chinese food industry alone, which is looking to improve with the application of technology (Agri-FoodTech), the country is expected to invest close to $6 billion.

Therefore, VeChain and its solutions will be key in multiple sectors due to the increasing demand for transparency in the food chain. In recent years, the Chinese population has been exposed to news about fraud, contamination, food inspection failures. This phenomenon has been exacerbated by the use of social networks, according to the executive. In that sense, Connolly writes:

A company that is a potential game changer is VeChain, a Chinese blockchain platform designed to enhance information flow for complex supply chains.

VeChain’s numerous partnerships in China

VeChain is mentioned in the publication along with ZhongAn Technology, a company behind a sensor called GoGo Chicken. This allows a farm to place the sensor on a chicken’s ankle. That way, relevant data can be stored about the animal such as its diet, health, the conditions in which it lives.

Along with VeChain, other companies, and solutions mentioned, Connolly estimates that ZhongAn can “revolutionize” the Agri-FoodTech industry in China. However, the increased adoption of this technology and the reduction of its costs when applied on a large scale will be highly relevant. AgriTech’s CEO states:

China is leveraging home-grown, cutting-edge technology to produce food more efficiently in a sustainable environment. Venture investment in Chinese Agri-FoodTech companies rose 66% YoY in 2020

With its multiple partnerships and solutions already integrated into real-world companies and use cases, VeChain distinguishes itself from other companies, as Connolly states. In this regard, he mentioned VeChain’s strong strategic partnerships with large enterprises:

In 2020 VeChain became the first blockchain-based entity to join the China Animal Health and Food Safety Alliance (CAFA) and has already formed strategic partnerships with the Chinese divisions of Bayer, Walmart, BMW and LVMH.

As reported by CNF, VeChain appears to be a centerpiece in the Asian giant’s 5-year national plan. Focused on developing China’s capabilities around blockchain technology, a report from the government-backed channel Shanghai Media Group (SMG) gives a “solid” signal of support for VeChain in the region.

ShapeShift, a non-custodial cryptocurrency platform, today has announced their decentralized exchange mobile platform is now fully integrated with THORChain, enabling users for the first time to trade native (unwrapped) bitcoin with litecoin and ethereum. The capability is expected to be available on their web platform in the coming weeks.

“We believe finance must be open and immutable. The THORChain team has built technology that brings these properties to the trading of bitcoin and other leading chains for the first time,” said Erik Voorhees, Founder, and CEO of ShapeShift. “We saw the power of this technology and wanted to bring it to our users immediately. This is a continuation of our commitment to offering users an easy, self-custody platform for their decentralized trading needs.”

THORChain solves the problem of cross-chain trading by building efficient, bi-directional bridges between blockchains at the protocol level in a permissionless, non-custodial manner. ShapeShift, which announced decentralized exchange trading for ETH and ERC-20 assets in January, has now expanded and will continue to grow, their decentralized exchange (DEX) assets available for trade through this integration with the THORChain liquidity platform.

Bitcoin and cryptocurrency enthusiasts can participate more freely, securely, and privately in trading with other coins while expanding their options in the world of decentralized finance—using one user-friendly and incentivized platform. Only ShapeShift DEX users, including those making trades via the new THORChain integration, can earn FOX Tokens with every trade—qualifying them for Rainfall awards (free USDC rewarded to random ShapeShift users each time someone trades on the platform).

THORChain, founded in 2018, is a community-led project dedicated to enabling the decentralized exchange of assets across blockchains in a non-custodial manner. “The team saw an opportunity to provide a ‘public good’ network that would solve a weak point in the cryptocurrency ecosystem: decentralized, cross-chain exchanging,” said THORChain’s lead engineer. Their team is largely pseudonymous, as is commonly seen in the industry for security, privacy, and project integrity reasons (as exemplified by Bitcoin’s founder, Satoshi Nakamoto).

The THORChain code is open-source and available on Gitlab.

Tortola, BVI, 13th April, 2021, Chainwire

With the tailwinds of a fresh $2.2 million fundraising at its back, Don-Key aims to become the eToro of DeFi by building a comprehensive social platform for yield farming designed to improve accessibility and magnify yield farmers’ potential.

Platform Designed To Attract Capital By Easing Entry For Newcomers

Decentralized finance (DeFi) is finally capitalizing on blockchain’s ability to displace traditional centralized finance (CeFi), but the road to adoption remains long despite its progress.

As DeFi’s popularity grows with time, it is shining a spotlight on one of the most complex yet vital ecosystem activities: yield farming. For the uninitiated, yield farming is effectively like depositing money in a certificate of deposit (CD) that earns periodic interest when locked up. However, unlike CD yields which typically only yield a few percent annually, yield farming returns (APY) can be multiple magnitudes more profitable.

Like most things blockchain, the learning curve for this Wild West of DeFi is steeper than most. Fortunately, that all is changing as Don-Key embraces eToro’s social trading model in the form of a DeFi yield farming platform.

Don-Key’s Simple But Elegant Solution: Social Farming

Like eToro disrupted investing by bringing social money management to financial markets and cryptos, Don-Key aims to do the same with its yield farming platform. By flattening the learning curve and making the concept more accessible to a broader swath of cryptocurrency users, the platform intends to help both farmers and “hodlers” capitalize on these potentially outsized returns.

After recently concluding a successful $2.2 million round of capital from a consortium of investors, including AU21, Black Edge Capital, Genesis Block Ventures, Morningstar Ventures, MoonWhale, Solidity Ventures, and Spark Digital Capital, Don-Key is busily taking a page out of eToro’s book.

Like copy-trading, users of Don-Key’s platform will be able to engage in copy-farming by sorting through yield farmers on a leaderboard that displays the top performers or based on parameters such as reputation. For users allocating crypto, costs will be lower relative to existing farming techniques thanks to investor pooling. Moreover, the farmers and liquidity providers who join the platform will enjoy tokenized rewards.

By simplifying the interface and the experience for the uninitiated, Don-Key intends to support all the platform’s stakeholders. Instead of hazarding the yield hunt and smart contract vulnerabilities along with constantly fluctuating returns, new entrants can back successful farmers. By extension, the farmers themselves can expand their access to capital to generate higher returns.

Through this incentivization and gamification model, farmers must constantly be on the hunt for opportunities. Due to the rigors of yield farming that make it very unapproachable for users with smaller amounts of capital, this model will encourage more DeFi participation and, ultimately, adoption. With fresh funds to support its ambitions, Don-Key will continue platform development in the meantime, with rollout plans yet to be announced.

About:

Don-key.finance was founded in 2020, at the beginning of the yield farming craze, with a very clear vision of bringing the simplicity of ‘copy trading’ to the complex world of DeFi Yield Farming. An initiative that came from real necessity, Don-key’s founders are DeFi enthusiasts from Israel, Cyprus, Ukraine and India with a true passion to democratize yield farming and helping crypto users around the world stay up to date with the constant evolution of the yield farming space.

Contacts

CEO

• Gil Shpirman
• Don.Key Finance
• [email protected]