Bittrex, Zild Protocol
press release

PRESS RELEASE. Moscow, Russia–ZILD Lending Protocol, which is a suite of decentralized protocols that support all sorts of ERC20 tokens lending, borrowing, and debt settlement capabilities, is about to launch on Bittrex.

At present, there are more than 20,000 users on chain addresses who own the token. The lending protocol, which a prominent player in Decentralized Financial sector (DeFi), is slated to be launched on Bittrex, the world’s fifth-largest exchange, on May 13.

Zild Lending Protocol, which is due to go live on May 19, has been double-checked by the US audit firm Certik and the Chinese audit firm SlowMist. Zild, which has a strong community consensus, is expected to have more than 100,000 participants in its Zild Lending business after its launch. Zild has the basic features of the current mainstream DeFi money markets protocol. At the same time, Zild has introduced a new model in terms of the scope of asset support and risk prevention, which makes it more widely applicable and safe.

“At present, the existing money market protocols all adopt the Compound Single Pool model. Assets in the same pool can be each other’s collateral assets and borrowing assets. In this model, fluctuations in the value of any one asset spread to other assets in the pool. For example, a user deposits $10 million worth of asset A as collateral, and borrows $6 million worth of asset B. When the market price of A falls sharply to $4 million, the borrower who borrowed Asset B will choose not to repay the debt and simply give up the collateral asset. In this case, all users who deposit in Asset B will suffer a loss of $2 millionâ€, said a core team member of Zild.

Unlike the Compound single pool model, Zild uses multiple pools. In multiple pools, the assets of different pools are insulated from each other. After depositing assets in Pool A, the user can only borrow out the assets supported by those from Pool A. For those assets with large market flow and relatively stable value, a pool of basic assets with large scale can be formed. For those assets whose volatility is huge or have not experienced sufficient value verification, a pool with small initial asset size can also be established by flexibly setting indicators such as collateral rate and liquidation penalty rate. The Zild protocol provides the possibility for long tail assets to enter the DeFi money markets field.

With the Zild protocol, each pool in each direction will optimize the interest rate with self-definition by the pool creator. The parameters for increasing interest rates will be configurable for each pool. This will allow for the creation of thousands of lending pools for any ERC20 token, creating the ability to go margin short on a large variety of tokens.

Over the past year or so, with the explosive growth of the Defi industry, more and more crypto assets have started to enter the DeFi space. Lending, swapping, and stablecoin are considered the three fundamental applications supporting the DeFi industry. Compared to the constant iteration of stablecoin on the algorithmic stablecoin model and the continuous innovation of AMM methodology on the DEXs, there were few significant innovations in the money markets in the past period of time. The launch of Zild may change that.

“Users can get liquidity without selling their cryoto. They won’t be forced to sell out their cryptocurrency and they can get enough liquidity for their business overheads and other expenses. Besides that, they can also yield on their crypto to get more liquidity. Using the Zild protocol is quite easy and simple. Users can simply earn interest on their crypto in a completely automated and non-custodial wayâ€, said one of the development team members.

“They can also use their reputation to reduce collateral and avail of the best terms. In other words, they can simply act at their discretion in the decentralized financial market, just as they do in the traditional financial world, getting access to personal loans and overdrafts. As the protocol follows the zero-knowledge proof model, users won’t have to worry about disclosure of their identity to third parties. Not only that, they can also build their decentralized applications and other decentralized software products and earn money from their innovations. Users can easily scale their wallets and liquidity proofs and other kinds of decentralized exchanges on Zild. Zild was designed for rapid, effective and secure development of decentralized finance applicationsâ€, he added.

At present, the company offers six apps and solutions. ZILD.api is the interface for off-chain applications, designed for blockchain interactions. ZILD.wallet is the digital assets storage designed for the web and mobile. There’s also ZILD.rewards, which helps users to implement tokenized points and reward systems for loyalty programs. ZILD.influencers is another solution that helps users to rope in social media influencers to promote their dApps. ZILD.dex is the app token exchange developed by the team. The last one, ZILD-P2P, helps users to exchange government currencies for tokens or cryptocurrencies.

The concept of the protocol was first set afloat in early 2020. In 2021 first quarter, ZILD Beta was already launched on Ethereum main-net and the security audit was also done during this period. Zild developers are all set to release Version 2.0 of the protocol during 2021 second quarter, besides having plans to launch reputation-based lending via Xild. The company also has plans to start a referral program and launch Zild governance mechanism. The ultimate goal is to expand Zild protocol beyond the Ethereum network.

About the Company

The mission of Zild is to enable the sustainable creation of individual and collective non-custodial wealth through the decentralized financial technologies.

To know more, visit


Alex Egorov


Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews


Spanish Court Orders the Investigation of Possible ‘Computer Fraud’ on Bittrex Exchange After a User Loses 1.3 BTC

A Spanish Court has issued an order compelling a division within the country’s police to investigate the possible existence of “computer fraud†on the Bittrex cryptocurrency platform. The order was issued following the filing of a complaint by a Tenerife based Bittrex user who claims to have lost 1.3 BTC (or $58,000) that was stored […]

Xem chi tiết: Spanish Court Orders the Investigation of Possible ‘Computer Fraud’ on Bittrex Exchange After a User Loses 1.3 BTC

Privacy Coin Verge Suffers Third 51% Attack, Analysis Shows 200 Days of XVG Transactions Erased

According to various reports, the cryptocurrency network Verge has suffered a 51% attack that led to a massive 560,000+ block reorganization. Analysts believe the Verge network attack could be the deepest blockchain reorganization (reorg) in history with roughly 200 days worth of verge transactions wiped. Reports Show Verge Network Experienced a Massive 560,000+ Blocks Reorg […]

Xem chi tiết: Privacy Coin Verge Suffers Third 51% Attack, Analysis Shows 200 Days of XVG Transactions Erased

Goldman and Interactive Brokers Execs Claim Wallstreetbets Trend Could ‘Take Down the System’

The heavy hitters in traditional finance have been concerned about the recent stock market action fueled by Redditors and a colossal number of retail investors. This week a Goldman Sachs executive warned that if these short squeezes continue it could “snowball through the market.†Moreover, Interactive Brokers founder Thomas Peterffy made similar comments this week […]

Xem chi tiết: Goldman and Interactive Brokers Execs Claim Wallstreetbets Trend Could ‘Take Down the System’

Bittrex to Delist Privacy Coins Monero, Dash and Zcash

Bittrex announced Friday it will be delisting Monero (XMR), Zcash (ZEC) and Dash (DASH), continuing a trend of delisting privacy coins by cryptocurrency exchanges. In a release, the exchange said markets in the coins will be removed on Friday, Jan. 15, at 23:00 UTC. While Bittrex gave no reason for the removals, exchanges around the […]

Xem chi tiết: Bittrex to Delist Privacy Coins Monero, Dash and Zcash

Crypto Exchange Bittrex Lists Tokenized Apple, Amazon, Tesla, Stocks for Trading

Bittrex Global has launched trading in tokenized stocks such as Apple, Tesla and Amazon on its digital asset exchange. The platform said traders and investors will have direct access to listed companies – also including Google, Facebook, Netflix, Pfizer and others – without having to use an external broker or pay additional fees. Launched in […]

Xem chi tiết: Crypto Exchange Bittrex Lists Tokenized Apple, Amazon, Tesla, Stocks for Trading

Concordium Debuts its Business-Oriented Blockchain Mainnet

After years of development, Concordium has unveiled its permissionless blockchain and MVP that is designed to meet the needs of enterprises by delivering transparency and governance, all with an orientation towards protecting user privacy. Identity-Centric Network to Promote Broader Business Adoption Although blockchain’s novel characteristics are not in dispute, corporate adoption of distributed ledger technology […]

Xem chi tiết: Concordium Debuts its Business-Oriented Blockchain Mainnet

Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

On the heels of the SpaceX announcement that the company accepted dogecoin as payment, an apparel store on Brooklyn’s colorful Flatbush Avenue took the jump as well into the deep, cold Doge waters. Brick-and-Mortar Is Another Brick in the Crypto Adoption Wall Crypto adoption has been widely and thoroughly discussed in the media and on […]

Xem chi tiết: Doge in Brooklyn: A Local Apparel Store Starts Accepting the Famed Crypto

Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

Iranian president Hassan Rouhani discussed cryptocurrencies at the most recent meeting of the government’s Economic Coordination Board and told participants that regulatory policy is needed to protect consumers. Rouhani believes the Iranian government should “communicate the necessary laws and instructions†as soon as possible so dishonorable crypto businesses are avoided. Regulation Necessary to Keep ‘Unprofessional’ […]

Xem chi tiết: Iran’s President Wants Crypto ‘Laws and Instructions’ Implemented as Soon as Possible

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

Denmark to Revise Tax Law to Target Cryptocurrencies

Report: Document Shows Specific Bitcoin Miners in Xinjiang Instructed to Shut Down

$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq

Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%

Hong Kong to Connect Digital Yuan With Domestic Payments System in Cross-Border Trials

Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

The First DeFi & NFT Social Media Project, Torum Announces NFT Launchpad