Canza Finance's Baki Launch Expands Forex Market in Africa
Canza Finance has introduced Baki, a robust, reliable and scalable Forex service on Avalanche. This new development makes Baki the first synthetic DeFi market for African stablecoins. The protocol is designed to facilitate the trading of synthetic stablecoins across multiple African fiat currencies. Baki stands out as an infinite-liquidity exchange that permits slippage-free swaps between African currencies. Unique from most, these stablecoins are not backed directly by the underlying currency but by USDC. More information about this innovation can be found here. To see how Baki operates, visit https://baki.exchange/.
Avalanche Advancing Off-Chain Computation Services with Chainlink
Chainlink Automation 2.0 and Functions 1.0 have been launched on Avalanche, offering verifiable, composable, and gas-efficient automation and off-chain compute. This upgrade allows Avalanche ecosystem developers to construct new Web3 applications with increased flexibility and control. Automation 2.0 empowers developers to offload and automate any Solidity computation off-chain with an average reduction in gas costs of approximately 90%. Functions 1.0 enables developers to connect their smart contracts to any external data source and execute custom computations in minutes. More details about these new features can be explored here.
Avalanche Powers Metaverse Experience at Hong Kong FinTech Week
Avalanche is enhancing the metaverse experience at Hong Kong FinTech Week for InvestHK. This experience showcases a unique mix of Hong Kong's culture, landmarks, and innovation. InvestHK’s metaverse represents the first governmental use of Alibaba’s Cloudverse. The digital world, centered around Hong Kong, was meticulously designed by MUA DAO. Attendees can traverse the HKFTW 2023 metaverse with diverse experiences that include a Dragon Boat Race, Treasure Hunt, Skyline Ferris Wheel, a Firework display and more! To check out the Avalanche-powered metaverse, visit here.