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Marouane Hajji is the Founder of Unslashed Finance a platform that provides insurance for decentralized finance. Marouane  is a serial entrepreneur with a passion for blockchain and fintech. With previous experience working in traditional financial markets and investment banking, Marouane has served as a strategy and innovation consultant, and a financial analyst for institutions, such as Accor, Axa Investment Managers and Citigroup. Marouane, who has been passionate about cryptocurrency and blockchain technology for years, took his skillset into the crypto industry by helping to found several startups before deciding to build a more secure digital financial system with Unslashed

When did you initially learn about blockchain and cryptocurrency?

In 2012 I was working in the traditional finance world when I first heard about Bitcoin. It seemed like such a radical idea that I was immediately drawn to learn more about it. That started me down the road of educating myself on the technology and the implications that it could have on the world.

You’re known as being passionate about Ethereum specifically, what is it about this blockchain that sets it apart?

Ethereum was as significant to the crypto world as adding a scripting language to internet browsers was; it took the initial world-changing innovation of the original technology (in this case, BTC) and created usability and functionality out of the basis. Ethereum has allowed people to build applications and real-world use scenarios on the blockchain, which has created the industry that we all exist in today. Ethereum is the most important blockchain in the world right now from a usability perspective.

You are a serial entrepreneur, what were some of the other startups that you helped to launch in the blockchain space?

In the blockchain space specifically, I worked in an advisory role to help develop Paraswap, and I also helped bring PoolStake to fruition.

Could you share the genesis story behind Unslashed?

The initial idea for Unslashed was born shortly after I discovered Ethereum, I knew it was a space that had boundless potential. I saw the need for a true, decentralized insurance solution for a host of risks plaguing investors and developers in the space. I knew that with my background I could help the industry grow by utilizing my expertise and creating a solution to protecting people from these risks.

What are some of the biggest risk factors that decentralized finance operators need insurance for?

Centralized exchange hacks, DeFi hacks, and stablecoin loss-of-peg are the most obvious examples of dangers that cannot be covered through traditional insurance companies, and they represent tangible risks for retail and institutional users alike. The ability to offer policies covering these common risks in a decentralized fashion attracts more users to the crypto space. Most retail crypto users heard about the Mt. Gox story at some point, which is historically the most known exchange hack; this creates an awareness towards the risks that come with having assets on centralized venues. Stablecoin peg policies have a different user base that is either institutional (crypto hedge funds who trade actively in and out of stablecoins) or crypto users who lend or borrow stablecoins in different venues (centralized or decentralized).

Users can earn yield with Unslashed, can you explain how the economics behind this works?

Absolutely! Capital Suppliers can supply assets (ETH) to an individual Capital Pool and have a risk exposure that is limited to one single policy. By depositing assets (ETH) in a Capital Pool, Capital Suppliers start to receive a yield in the form of Premiums, which are paid in ETH by Cover Buyers in exchange of being protected against the risks of said policy.

A “capital bucket,” then, is a collection of insurance policies that are carefully designed, assessed, priced and put together for insurers to underwrite. They allow insurers to diversify their exposure and provide insurance coverage for a number of policies at once. Capital suppliers earn 3 types of yield:

  • Premiums paid by cover buyers in exchange of being insured on the chosen policy or policies
  • Asset management yield resulting from deploying the supplied capital
  • USF capital mining rewards

Unslashed recently partnered with Enzyme Finance, could you share some details regarding this partnership and what it means for Unslashed?

We are very proud of our partnership with Enzyme! It allows us to have a more capital-efficient model than anything in the space and build out the world’s first capital-efficient DeFi insurance protocol—letting deposited collateral earn DeFi yield on top of standard premiums and $USF mining.

Enzyme offers more functionality and support than any other asset management infrastructure in DeFi today. It supports 200+ assets and is connected with all types of DeFi protocols. Enzyme Vaults can handle lending, AMM pools (eg. Uniswap and Curve pools), staking (eg. Curve LP tokens or just plain ETH), semi-automated farming strategies, leverage and more. The modular and extensible design empowers teams like Unslashed to build alongside and extend the protocol to a new use-case enabling them to go-to-market much faster and at a fraction of the cost.

Perhaps more importantly though is that by leveraging Enzyme as infrastructure, the Unslashed team can essentially lean on Enzyme’s network of developers and highly recognized security experts (Enzyme Council, Chain Security, PWC and Open Zeppelin), outsource the maintenance burden and free themselves up to focus on building the best insurance protocol in the market.

Is there anything else that you would like to share about Unslashed?

Yes, we ran a very successful private beta and we have now launched the site fully and it is open to everyone. Please come by and take a look at what we have on offer more in-depth and interact with our community on our Discord. Thank you!

Thank you for the great interview, readers who wish to learn more should visit Unslashed Finance.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Fx Analysis

Investing In Axie Infinity (AXS) – Everything You Need to Know

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Axie Infinity (AXS) is a play-to-earn cryptocurrency ecosystem and gaming network. The platform enables users to earn AXS by playing various games within the Axie Infinity Universe and through user-generated content initiatives. Players can earn rewards by collecting, trading, battling, raising, and mating digital assets called Axies.

Notably, Axie Infinity is extremely popular at this time. The network ranks #1 in terms of daily, weekly, and active users. Notably, Axie Infinity registers 250,000 daily active players. Impressively, the game has generated over 13,000 ETH in revenue. Additionally, the network serves a vital role in providing a fun and educational way to introduce the world to blockchain technology.

Axie Infinity (AXS) - Twitter

Axie Infinity (AXS) – Twitter

What Problems Does Axie Infinity (AXS) Attempt to Fix?

The technical structure of Axie Infinity enables the platform to alleviate many concerns faced by gamers and NFT collectors alike. The network provides users with a viable way to unlock value from the game sphere. In the traditional gaming market, users invest both time and money into digital assets, yet they never really own these items. Axie Infinity shifts the paradigm and puts real ownership back where it belongs – in the hands of gamers.

Benefits of Axie Infinity (AXS)

There are lots of benefits users gain when they participate in the Axie Infinity ecosystem. For one, the blockchain-based trading and battling game is very entertaining. You can spend hours exploring, battling, and collecting valuable NFTs (non-fungible tokens). These tokens range in value based on their scarcity and usability in the game.

Expandable

Another major advantage of the Axie Infinity universe is its open-source nature. The developers behind the concept encourage other community members to create tools to better the overall user experience. In this way, the platform takes a forward-looking stance.

Re-circulating Fee

One of the biggest benefits Axie Infinity users gain is profits. Notably, 95% of its revenue goes back to the players. Specifically, Axie takes a 4.25% fee for buying and selling Axie NFTs. Users also pay a small fee when they breed their Axies.

Axie Stats - Homepage

Axie Stats – Homepage

Passive Rewards

The ROI potential of Axie Infinity has caused the network to operate as a jobs platform for some regions of the world. Users are earning sustainable rewards through gameplay. The Covid-19 pandemic helped drive this income-seeking sector of the market to new heights. Today, there are full-time gamers earning steady ROIs on the network.

How Does Axie Infinity (AXS) Work

Axie Infinity is a Pokémon-inspired universe that combines some popular aspects from games like Cryptokitties and more. Users breed their Axies to develop particular skills and admirable traits. They can then take their specially Axies and complete quests to earn energy.

Axies

Axies are the digital creatures that roam the universe. They can breed and pass down their unique traits. Notably, each Axie can only breed up to seven times before they go sterile. This strategy ensures that there are never too many similar versions of these digital assets in existance.

Battles

Users can battle each other to earn rewards as well. You can breed, raise, and then compete in PVP battles to win leaderboard prizes. These prizes can range from collectible NFTs, prizes, and tokens. The more battle you win, the more valuable your Axie becomes in the ecosystem. Top the leaderboard and your champion Axie will hold value above the competition.

Breeding Axies

One of the core components of the platform is the breeding aspect. This feature is similar to Cryptokitties in that each Axie has a DNA code that holds their individual traits. Users can breed and sell their Axies on the marketplace to secure rewards easily.

Axies - Homepage 2

Axies – Homepage

Collect

Collectors gain a lot of advantages using Axie Infinity. The self-sterilizing features of the market help to improve scarcity. This improved scarcity allows traders to speculate on super-rare Axies. Also, you can easily cash out your Axies using popular DEXs like Uniswap.

Smooth Love Potion (SLP)

Smooth Love Potion (SLP) is an additional crypto used to buy land, farm, or breed Axies in Lunacia. Notably, you must farm love potions to breed Axies. You can also trade this token on a variety of popular DEXs and CEXs such as Uniswap and Binance.

Staking

You don’t have to be a gaming master to secure rewards in the Axie Infinity network. Anyone can claim rewards by staking their AXS tokens. Staking provides a consistent payout and is far less labor-intensive than trading for new users. As such, most new users prefer staking over trading their crypto. Best of all, you retain ownership over your digital assets when you stake.

Axie Infinity Shards (AXS)

AXS is the primary utility and governance token of the network. This ERC-20 governance token can be earned through a variety of tasks. You can earn AXS when you play games or participate in content creation campaigns. AXS is traded on multiple exchanges including SushiSwap and Uniswap.

Community Governance

Axie Infinity incorporates a decentralized governance mechanism. This feature enables AXS token holders to vote on upgrades and more. This system also controls the release of funding from the Community Treasury. In this way, Axie Infinity is partially owned and operated by its users.

History of Axie Infinity (AXS)

Axie Infinity entered the market in 2018. The firm is registered as a for-profit company out of Vietnam. Since its launch, Axie Infinity has seen impressive adoption. The platform features a massive gaming community and an equally large social media presence.

Where to Axie Infinity (AXS)

Binance – Best for Australia, Canada, Singapore, UK, and most of the world. USA residents are prohibited from buying AXS.  Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

Gate.io – Best exchange for USA residents.

Axie Infinity – Bringing Transparency to NFT Gaming

Axie Infinity is a perfect example of how NFT gaming can benefit all parties. Developers see more interactions and profits. At the same time, users gain higher ROI potential with less risk. For these reasons, it’s safe to assume Axie Infinity will remain a pioneering force in the market fr the foreseeable future.

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Fx Analysis

Digital Securities Weekly Market Wrap

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Digital securities remain one of the most promising, yet overlooked, blockchain based sectors.  This past week saw various developments which should continue building upon a strong foundation for the future.

INX Token Listing + Fee Structures

Fresh off the completion of its acquisition of OpenFinance, INX Ltd. is expected to officially list its digital securities on securities trading platform, securities.inx.co.  In doing so, INX Ltd. will become the first company to list a digital security registered through the Securities and Exchange Commission (SEC).

This anticipated listing is only the most recent example of successes by INX Ltd. as the company also went public in mid-2021.

In a further attempt to entice users to its newly launched securities trading platform, beyond the listing of its own digital securities, INX Ltd. has announced that it will be slashing trading fees.

Old Trading Fee New Trading Fee
2.5% 0.2%

Shy Datika, CEO of INX Ltd., commented on each of these developments, stating,

“This listing of our registered digital security, trading on the blockchain, makes history. Blockchain securities are the future, and INX is leading the way. In my opinion, digital security trading fees have been at ridiculously lofty levels in this space. For digital securities to gain true acceptance, they have to be accessible to all, with low fees.”

Yield Funds on Offer by Securitize

Within the digital securities sector, there is perhaps no company busier than Securitize.  Multiple successful funding rounds have given the company the flexibility needed to attain various designations and licensure, while developing a broad suite of services.  This suite is now set to expand further with the company’s announcement that it will be launching multiple yield funds – a feat made possible through co-operation of its various subsidiaries which boast various licensures such as a SEC registered broker/dealer.

These funds, which will be based on Bitcoin and USDC, will boast a 0.5% management fee and be restricted to family offices, institutional and accredited investors.

Carlos Domingo, CEO of Securitize, elaborated on the purpose/benefit behind such funds, stating,

“Securitize’s Bitcoin and USD Coin funds are intended to provide investors with direct exposure to cryptocurrencies, with higher yields and lower fees than other funds currently available on the market. We believe that digital asset securities, also referred to as security tokens, are a fundamentally better way to facilitate and record investments.”

Securitize expects these funds to be particularly appealing due to their regulated nature.  In a time when companies like Binance, BlockFi, etc., are feeling the heat from the SEC and other regulating bodies, offering exposure to digital assets through a more traditional approach seems like a logical move.

Coinbase Pro Lists ‘POLY’

For years Coinbase has remained the standard by which digital asset exchanges are compared, holding true to this day.  As a result, when the platform announces the listing of a new asset, associated markets typically respond favourably due to the increased liquidity and attention afforded to them.  This was most recently on display as Coinbase Pro announced support for Polymath’s native token ‘POLY’ – a company specializing in solutions for the digital securities sector.

Coinbase provides investors with the following description for ‘POLY ‘.

Polymath Network (POLY) is an Ethereum token that aims to facilitate digital securities trading on the Polymath platform. By creating a compliance-focused standard (ST-20) to issue and manage security tokens, Polymath seeks to tokenize and support the trading of traditional and new classes of assets.”

While POLY is currently now available on Coinbase Pro, access through the main Coinbase platform is expected to launch soon.

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Fx Analysis

The Week Ahead in FX (July 26 – 30): USD Braces for FOMC, GDP & Core PCE Index

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It’s gonna be a busy one for the dollar!

Uncle Sam is gearing up for the FOMC statement, advanced GDP release, and core PCE price index.

Don’t forget to review which factors drove forex market price action last week, too!

Major Economic Events:

Australian quarterly CPI (July 28, 1:30 am GMT) – A slightly faster pickup in price pressures is eyed, with the headline CPI slated to advance from 0.5% to 0.6% and the trimmed mean CPI to climb from 0.3% to 0.5% in Q2 2021.

However, this might not do much to lift the Aussie’s spirits, as the economy’s performance is bogged down by another set of lockdowns to curb the spread of the Delta variant.

Canadian CPI (July 28, 12:30 pm GMT) – The Great White North will also be printing its inflation figures midweek, possibly showing mixed results.

The headline reading is projected to have dipped from 0.5% to 0.4% while the common CPI likely ticked higher from 1.8% to 1.9%.

The trimmed CPI probably stayed unchanged at 2.7% while the median CPI might have climbed from 2.4% to 2.5%.

FOMC statement (July 28, 6:00 pm GMT) – No actual interest rate changes are expected from the U.S. central bank, with Fed head Powell still likely to downplay the pickup in inflation.

Still, the pressure is mounting for policymakers to start tapering their asset purchase program since the U.S. economy has been recovering already. Any indication that the Fed is closer to scaling back their stimulus efforts could be bullish for the dollar.

U.S. advanced GDP (July 29, 12:30 pm GMT) – Stronger growth figures are eyed for the previous quarter, with the U.S. economy likely growing by 8.5% in Q2.

Keep in mind that more businesses have reopened in the past few months, likely spurring stronger investment and consumer activity.

An even higher than expected read could reinforce Fed tightening hopes while a downside surprise could cast doubts on seeing tapering moves anytime soon.

U.S. core PCE price index (July 30, 12:30 pm GMT) – Another slight pickup in inflation is eyed, as the reading probably increased from 0.5% to 0.6% for June.

Note that this is the Fed’s preferred inflation measure, so it’s kind of a big deal!

Forex Setup of the Week: AUD/USD

AUD/USD 4-hour Forex Chart
AUD/USD 4-hour Forex Chart

If you’re feeling dollar bullish this week, then this setup could be worth keeping on your radar!

AUD/USD is moving below a descending trend line that seems to be holding as resistance again. Price is moving sideways, suggesting that traders are holding out for catalysts.

A break below the current consolidation above the .7360 area could confirm that the downtrend is resuming, possibly taking AUD/USD to the bearish targets marked by the Fibonacci extension tool.

The 50% level might hold as strong support near the swing low and .7300 major psychological handle. Even stronger bearish momentum could take the pair down to the full extension at .7200.

Technical indicators support the idea of a selloff, as the 100 SMA is safely below the 200 SMA while Stochastic is heading south.

I’d still keep an eye out for all the top-tier economic events in the U.S. and Australia to see if this pair could go further down!

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