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Moby Collaborates with GMX to Boost Liquidation Risk Protection for Perpetual Traders

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– Collaboration Strengthens DeFi Ecosystem with Advanced Options Infrastructure

SINGAPORE, July 22, 2024 /PRNewswire/ — Moby, an on-chain options protocol backed by its pioneering Synchronized Liquidity Engine (SLE) that offers the narrowest spreads in the market, today announced a collaboration with GMX, the largest decentralized perpetual exchange on Arbitrum and Avalanche. This collaboration aims to support insurance options for perpetual traders, providing protection against liquidation risks. 

GMX, a pioneering perpetual exchange, offers traders low fees, deep liquidity, reduced liquidation risks, and transparent pricing. With close to a 100 decentralized finance integrations, GMX has built a powerful ecosystem and functions as a foundational liquidity base layer for the Arbitrum and Avalanche DeFi ecosystems.

The integration of GMX with Moby is set to offer perpetual traders insurance options to hedge against liquidation risks. This marks a significant advancement for perpetual trading, enabling traders on GMX to open positions without the concern of liquidation risks. Just as GMX set a new standard in the perpetual market with its automated market maker (AMM) model, this feature is poised to serve as another important stepping stone in advancing the market.

Moby supports optimal pricing and immediate transactions for options around the clock. Additionally, the high leverage and maximum capital efficiency help hedge liquidation risk most effectively. Unlike other options exchanges that operate independently or on centralized platforms, Moby operates on the Arbitrum Mainnet, which ensures a robust and seamless connection with GMX.

Since its alpha launch on the Arbitrum Mainnet, Moby has generated over $1.1 billion in options trade volume, achieving one of the highest trade volumes among all on-chain options protocols. It is also the first-ever options protocol to receive the Arbitrum Foundation Grant prior to mainnet launch.

“From the outset, Moby has been dedicated to fostering growth in the DeFi options ecosystem. This collaboration marks a new milestone in the broader adoption of options trading,” stated Ben, Moby’s CEO. We are pleased to integrate with a leading project like GMX and look forward to playing a pivotal role in developing structured products combined with various on-chain derivatives.”

Moving forward, Moby’s mission is to transform the sector by developing foundational infrastructure for all on-chain derivatives. To achieve this, Moby will strengthen its collaboration with GMX, a leading derivatives protocol.

Moby Contacts
Team Moby
team@moby.trade

About Moby
Led by a team with extensive experience in finance, blockchain, and data science, Moby is an on-chain options protocol to lead the next narrative for DeFi. Moby offers an optimized trading environment based on its pioneering SLE (Synchronized Liquidity Engine) and Dynamic Risk Premium model, which enables real-time accurate pricing, narrowest spread in the market, abundant liquidity, and Robinhood-class UI/UX.

Moby is set to provide new features such as capital efficiency improvement models, structured products, short-term options, and tokenized options positions to welcome institutions and traditional TradFi audience.

⎹ Website ⎹ Twitter ⎹ Discord ⎹ Docs ⎹ Blog ⎹

About GMX
GMX is a permissionless decentralized spot and perpetual exchange. Traders benefit from low fees, deep liquidity, reduced liquidation risks and transparent pricing. Liquidity on GMX is user-contributed, and liquidity providers earn a majority of the fees the protocol generates, without external market makers.

GMX has worked collaboratively to create a robust ecosystem, with close to a 100 decentralized finance integrations, GMX has built a powerful ecosystem and functions as a foundational liquidity base layer for the Arbitrum and Avalanche DeFi ecosystems.

Discover GMX at gmx.io, and connect with the community through:

⎹ Twitter | Telegram | Discord | Github | Substack ⎹

Photo – https://mma.prnewswire.com/media/2463323/gmx_collaboration.jpg 
Logo – https://mma.prnewswire.com/media/2390993/Moby_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/moby-collaborates-with-gmx-to-boost-liquidation-risk-protection-for-perpetual-traders-302202084.html

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Gentoo Media – Mandatory notification of trade

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ST JULIANS, Malta, Nov. 14, 2024 /PRNewswire/ — MJ Foundation Fundacja Rodzinna, a company related to Mateusz Juroszek, Board Member and primary insider of Gentoo Media Inc. (Gentoo) has today acquired 115,604 shares in Gentoo at a price of SEK 24,996 per share. After this transaction, close associates of Mateusz Juroszek hold 24,027,766 shares in Gentoo.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, contact:
Tore Formo, Group CFO, tore.formo@g2m.com, +47 91668678

About Gentoo Media

Gentoo Media is a market-leading affiliate connecting operators and players in the online gambling and sports betting industry. Gentoo Media offers an array of iGaming affiliate solutions, such as paid marketing expertise and quality traffic through our prominent industry sites including AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG Media) became Gentoo Media Inc. following a legal split separating the Media and Platform and Sportsbook business in Gaming Innovation Group (GiG) into two independently listed companies. Gentoo Media Inc. is dual listed on the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). www.gentoomedia.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/gentoo-media-inc/r/gentoo-media—mandatory-notification-of-trade,c4066199

View original content:https://www.prnewswire.co.uk/news-releases/gentoo-media—mandatory-notification-of-trade-302305030.html

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Xinhua Silk Road: World IoT expo 2024 opens in E. China’s Wuxi to showcase future of smart connectivity

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BEIJING, Nov. 14, 2024 /PRNewswire/ — The World Internet of Things (IoT) Exposition 2024 kicked off on Monday in Wuxi City of east China’s Jiangsu Province, attracting industry leaders, representatives of enterprises and experts from across the globe to discuss industry trends and demonstrate innovative applications.

At the expo’s opening ceremony, Wuxi unveiled a national pilot project in intelligent connected vehicles, which aims to create a cohesive mode for car owners, vehicles and cities connection, contributing Wuxi’s expertise to smart vehicle initiatives.

Additionally, a new smart sensing chip engineering center was launched, representing an investment of over 1 billion yuan and focusing on high-density large-scale substrates and other advanced chip technologies to strengthen the city’s integrated circuit development.

The event also saw the release of several major IoT research achievements, including the 2024 IoT innovation development Taihu index and the 2024 white paper on advanced sensing technology and applications.

The three-day event features exhibitions, panel discussions, and thematic sessions that showcase the latest development in IoT innovations and applications. This year’s expo is poised to drive Wuxi’s high-quality growth in IoT while promoting global tech collaboration and knowledge sharing in the IoT field.

Wuxi has become a navigator of the IoT industry in China. The latest statistics show that in 2023, the scale of the IoT industrial cluster in Wuxi surpassed 450 billion yuan, taking the lead in Jiangsu Province.

Original link: https://en.imsilkroad.com/p/343117.html

SOURCE Xinhua Silk Road

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Agoda Highlights Five Urban Hikes for Adventurous Travelers

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SINGAPORE, Nov. 14, 2024 /PRNewswire/ — Digital travel platform Agoda introduces five urban hikes across Asia, offering travelers a chance to experience the perfect blend of city life and nature. These hikes, ranging from family-friendly to more challenging trails, provide an unmatched perspective on some of Asia’s most dynamic cities.

Whether it’s Elephant Hill in Taipei, with its stunning views of the Taipei 101, or Hong Kong’s famous Dragon Back, active travelers are in for a treat when embarking on these city hike adventures.

Andrew Smith, Senior Vice President, Supply at Agoda said: “Asia is special to have so many incredible hike routes right in the heart of these popular cities. The five highlighted hikes are just a sample of the many breathtaking city trails the continent has to offer. Adventurous travelers will want to try them all and thankfully Agoda helps make travel affordable with great value deals on over 4.5 million properties globally.”

These are the five city hikes, ranked from easiest to most challenging:

Kuala Lumpur’s Bukit Nanas Forest Reserve offers a unique experience of trekking through a tropical rainforest right in the city center. The trail is relatively easy, with well-marked paths and informative signboards about the local flora and fauna, making it a great choice for families and nature enthusiasts.

Elephant Hill in Taipei offers a short but rewarding climb. The trail is well-maintained and provides stunning views of Taipei’s skyline, including the famous Taipei 101. It’s an ideal spot for those looking to enjoy a quick escape into nature without straying far from the city.

In Singapore, the Southern Ridges trail offers a moderate hike through a series of interconnected parks and gardens. Spanning 10 kilometers, this trail provides a lush green corridor amidst the urban environment, with highlights including the Henderson Waves bridge and panoramic views of the city.

Namsan in Seoul presents a slightly more challenging hike, leading to the N Seoul Tower. The trail is popular among locals and tourists alike, offering a mix of natural beauty and cultural landmarks, with several routes to choose from depending on the desired difficulty level.

Finally, Hong Kong’s Dragon’s Back is a favorite for its breathtaking views of the coastline and the South China Sea. This moderately challenging hike is known for its undulating ridges and scenic vistas, providing a rewarding experience for those willing to tackle its ups and downs.

In each of these city hike destinations, Agoda offers great value accommodation. In addition to holiday properties, Agoda’s 130,000 flight routes and 300,000 activities ensure the platform is the one-stop travel solution to help booking an entire trip. The latest Agoda deals can be found in the Agoda app or on agoda.com/deals.

— ENDS —

 

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SOURCE Agoda

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