What is Taker Protocol?

Taker Protocol is the first and largest Bitcoin incentive layer, focused on maximizing returns for individual Bitcoin holders. Unlike traditional Layer 2 solutions or purely financial protocols, Taker acts as a growth engine, driving user adoption through its EVM-compatible Taker Chain. By supporting Bitcoin derivatives and liquid staking derivatives (LSDs) like wBTC, cbBTC, and SolvBTC, Taker makes it easy for users to join and benefit from the ecosystem.

Key Features:

• Retail-Focused: Tailored for small-scale Bitcoin holders to optimize their gains.

• EVM Compatibility: Seamlessly integrates with Ethereum-based dApps and tools.

• Economic Flywheel: Boosts user traffic to create a self-sustaining growth loop.

• Bitcoin Derivatives Support: Includes popular assets like wBTC, cbBTC, and SolvBTC.

Taker is a blockchain project that prioritizes user growth, aiming to expand the Bitcoin community while delivering real yield opportunities.

Taker Chain: The Technological Foundation

The backbone of Taker Protocol, Taker Chain, is a high-performance, secure, and decentralized blockchain network. Its EVM compatibility ensures easy integration with existing Ethereum tools, and it stands out with the following technical features:

Nominated Proof of Liquidity (NPoL)

Taker Chain introduces NPoL (Nominated Proof of Liquidity), a novel consensus mechanism built on NPoS (Nominated Proof of Stake). By incentivizing liquidity contributions, NPoL enhances network security and participation. It consists of:

• NPoS Layer: Token holders (nominators) select validators to secure the network.

• POL Layer: Validators stake liquidity tokens (e.g., $TAKER) to ensure stability and earn rewards.

This system boosts security, scalability, and fair reward distribution.

Dual Finality Mechanism

• Probabilistic Finality (BABE): Ensures continuous block production for network progress.

• Provable Finality (GRANDPA): Guarantees irreversible blocks, enhancing network reliability.

Secure and Proportional Elections

Taker Chain employs a fair and proportional validator election system, maintaining decentralization and network integrity.

High Performance

With fast finality and high transaction throughput (TPS), Taker Chain delivers a smooth user experience.

Taker Sowing: The User Growth Engine

Taker Sowing is Taker’s user acquisition powerhouse, already attracting over 5 million users. This zero-barrier, task-based incentive system guides users into the Bitcoin ecosystem. Key features include:

• Zero-Barrier Tasks: On-chain and off-chain tasks help users learn about Bitcoin projects and interact with them.

• Taker Diamonds: Users earn Taker Diamonds upon task completion, granting access to future $TAKER airdrops.

• Laser Medal NFT: A special NFT that symbolizes user loyalty and contribution.

Sowing bridges education, incentives, and asset integration, driving mass Bitcoin adoption.

Lite Mining Node: Accessible Participation

Lite Mining Node is a lightweight, task-based system designed for broad user engagement without technical barriers. Users earn Taker Points (TP) through simple on-chain tasks. Features include:

• User-Friendly: Appeals to both Web2 and Web3 users, lowering entry barriers.

• Rewards: TP accumulation unlocks airdrops and ecosystem benefits.

• NFT Integration: Future tasks may require specific NFTs, enhancing user loyalty.

Lite Mining fosters daily engagement, boosting ecosystem activity and user value.

Taker Swap: DEX for Bitcoin LSDs

Taker Swap is a low-slippage decentralized exchange (DEX) built for Bitcoin LSD assets. Key features include:

• Liquidity Aggregation: AMM pools ensure efficient matching with minimal slippage.

• Smart Routing: Automatically finds the best swap paths for optimal pricing.

• Taker Lend Integration: Swapped assets can be deposited into lending pools for additional yield.

Taker Swap offers community-driven liquidity optimized for Bitcoin derivatives.

Taker Lend: Decentralized Lending Platform

Taker Lend is a decentralized lending protocol that allows users to borrow stablecoins using Bitcoin LSD assets like wBTC, cbBTC, and SolvBTC as collateral. Features include:

• Flexible Interest Rates: Dynamic rates adjust based on market supply and demand.

• Risk Management: Liquidation mechanisms and collateral ratios ensure safety.

• Use Cases: Unlocks liquidity, supports leverage strategies, and optimizes DeFi yields.

Taker Lend enables Bitcoin holders to access liquidity without selling their assets.

Security and Audits

Taker Chain prioritizes security through a partnership with Scalebit, a leading blockchain auditing firm with expertise in Bitcoin ecosystem projects like Unisat and Merlin Chain. Built on Parity Technologies’ robust Substrate framework, Taker Chain ensures reliability. All audit reports are publicly available for transparency:

• Taker Controller Audit Report

• Taker Chain Audit Report

• Taker Swap Audit Report

Taker Laser Cat NFT: Your Ecosystem Pass

The Taker Laser Cat NFT is a key component of the ecosystem, offering early supporters exclusive benefits. Features include:

• $TAKER Token Allocation: Each NFT includes a fixed $TAKER token allocation.

• Ecosystem Perks: Access to airdrops, priority in tasks, and community identity.

2025 Roadmap

• Q1 2025: Launch of Lite Mining Node and Taker Swap development.

• Q2 2025: Taker Sowing rollout, Taker Lend development, and Laser Cat NFT sale.

• Q3 2025: $TAKER token listing, Taker Lend, and Taker Swap launch.

• Q4 2025: Ecosystem partnerships, DeFi integrations, and TradFi bridge.

Token Distribution

$TAKER is the native token of Taker Chain, with a total supply of 1,000,000,000.

• Ecosystem & Incentives (30%): 6.67% unlocked at TGE, remainder vested linearly over 5 years.

• Core Contributors (13%): 1-year cliff post-TGE, then quarterly vesting over 4 years.

• Foundation Reserve (12%): 50% unlocked at TGE, remainder vested quarterly over 4 years.

• Investors (15%): 6-month cliff post-TGE, then quarterly vesting over 18 months.

• Staking & Rewards (10%): Linear vesting over 5 years.

• Marketing (8%): 25% unlocked at TGE, remainder vested linearly over 4 years.

• Liquidity (2%): Fully unlocked at TGE.

• Community Pioneers (10%): 50% unlocked at TGE, remainder vested monthly over 9 months.

$veTAKER is a non-transferable token used for network security and governance, with rewards distributed in this format.

Taker Protocol Investors

Taker Protocol has secured strong backing from leading investors, including The Spartan Group and DragonFly Capital. Other prominent supporters include Electric Capital, Digital Currency Group (DCG), Shima Capital, Sfermion, The LAO, Bitscale Capital, Ascensive Assets, Morningstar Ventures, Jets Capital, 071labs, and GTS Ventures, reflecting confidence in Taker’s potential to drive Bitcoin ecosystem growth.

Taker Protocol Team

• Mike Jin: Co-founder, shaping Taker’s vision and strategy.

• Charles Jia: Co-founder, leading technical and strategic development.

Official Links

• Taker Protocol (TAKER) Website
• Taker Protocol (TAKER) X (Twitter)
• Taker Protocol (TAKER) Whitepaper

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Trump-Backed World Liberty Financial Accelerates Crypto Purchases

The Trump-backed DeFi project World Liberty Financial continues its aggressive crypto acquisitions. According to Nansen data, the project executed a series of transactions on Thursday, spending approximately $1.4 million in USDC to acquire 2.52 million MOVE tokens. MOVE is known as the native token of Movement Labs. On the same day, World Liberty also purchased 52 wrapped BTC (WBTC) using $5 million in USDC.

Beyond acquisitions, the project is actively engaging with the DeFi ecosystem. World Liberty staked 2,221 ETH worth $5.9 million on Lido Finance and deposited $5 million USDC into Aave’s lending protocol.

Earlier this week, World Liberty Financial expanded its crypto portfolio by acquiring 830,469 MOVE tokens and 1,917 ETH. According to SpotOn Chain data, the project has been aggressively accumulating assets since November 30, 2023. During this period, World Liberty has acquired over $315 million worth of crypto, including 63,030 ETH at an average price of $3,331 and 699 wrapped BTC at an average price of $105,197. Additionally, the project has invested in major crypto assets such as TRX, LINK, AAVE, and ENA.

Macro Strategy: A New Token Reserve

World Liberty Financial has announced the launch of Macro Strategy, a new strategic token reserve aimed at ensuring long-term sustainability and managing risk. This reserve is designed to help the DeFi project diversify its funds, strengthen its resilience against market fluctuations, and establish a robust financial foundation for the future.

Additionally, the project plans to collaborate with traditional financial institutions to incorporate their tokenized assets into the Macro Strategy reserve. According to the World Liberty team, this initiative seeks to bridge the gap between DeFi and traditional finance (TradFi) while attracting more institutional investors to the project.

Although not yet fully operational, World Liberty Financial has already sold 96% of its WLFI tokens, which will be used within its ecosystem. According to the project’s official website, 926.9 million tokens remain in circulation. WLFI token holders will have voting rights in governance decisions, but unlike many other cryptocurrencies, these tokens will not be transferable.

With its large-scale acquisitions and strategic moves, World Liberty Financial aims to strengthen its position in the DeFi ecosystem while supporting investors and its community. These developments further solidify the project’s growing influence in the crypto market.

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Until March 31, Tokens Can Be Converted

Crypto.com will stop trading USDT and nine other tokens as of January 31. However, users will have until March 31, 2025 to withdraw or convert these tokens into MiCA-compliant assets. Any tokens not converted after this date will be automatically converted by the exchange into MiCA-compliant stablecoins or assets equivalent in value.

Crypto.com’s representative stated that this process is an important step to protect users and ensure full compliance with the regulatory framework.

Which Tokens Will Be Delisted?

Among the tokens that Crypto.com will delist are the following:

• Tether (USDT)
• Wrapped Bitcoin (WBTC)
• Dai (DAI)
• Pax Dollar (PAX)
• Pax Gold (PAXG)
• PayPal USD (PYUSD)
• Crypto.com Staked ETH (CDCETH)
• Crypto.com Staked SOL (CDCSOL)
• Liquid CRO (LCRO)
• XSGD (XSGD)

These tokens are being delisted in line with the European Securities and Markets Authority’s (ESMA) announcement to limit non-MiCA-compliant stablecoins as of January 31, 2025.

Expanding Delist Trend for Tether (USDT)

Crypto.com’s delisting of USDT is one of the latest developments in the process of European exchanges and service providers adapting to MiCA regulations. Coinbase had delisted USDT in October 2024 on the grounds that it was not MiCA-compliant . Coinbase had given its customers the option to convert their USDT into MiCA-compliant stablecoins, specifically Circle’s USDC.

With MiCA in full effect, many crypto asset service providers in Europe have obtained or are working to obtain MiCA licenses. Crypto.com is also in the process of obtaining a license in Malta.

The Competition Between USDT and Its Rivals

USDT is the largest stablecoin in the market with a market capitalization of $139 billion. However, its rival USDC, which benefits from MiCA compliance, is currently in second place with a market capitalization of $52 billion. Circle’s USDC was approved as MiCA-compliant in July 2024, enabling the USDC to gain acceptance in the European market.

Impact of MiCA Regulations on the Industry

MiCA regulations aim to make the operations of crypto asset service providers more transparent and compliant. However, the fact that the market’s largest stablecoins, especially USDT, are not covered by MiCA may affect investors’ preferences. After March 31, USDT is expected to be completely abolished in Europe, and the impact of this on the market is a matter of curiosity.

Crypto.com’s move is seen as an important milestone on the road to compliance with MiCA regulations. However, these changes could reshape the dynamics of the cryptocurrency market.

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Bitcoin’s New Turn in 2024

2024 was a landmark year for Bitcoin and the cryptocurrency market. The U.S. Securities and Exchange Commission (SEC) approved a Bitcoin Spot ETF, opening doors for both individual and institutional investors. This transformative development propelled Bitcoin’s price to $100,000 and its market capitalization to nearly $2 trillion.

Despite this remarkable success, a significant portion of Bitcoin remains idle. This means Bitcoin holders are not leveraging a massive source of potential returns.

In this context, a new area of financial innovation, BTC-Fi (Bitcoin Finance), emerged, paving the way for Bitcoin’s integration into the decentralized finance (DeFi) ecosystem.

The Idle Bitcoin Problem: Untapped Potential

Bitcoin is often referred to as “digital gold” due to its limited supply and various institutional adoption cases. However, most of these assets are used merely as a store of value. Institutional investors and ETF portfolios restrict Bitcoin to a simple hold-and-store strategy.

Current Yield Models and Limitations

Today, there are some solutions to unlock Bitcoin’s yield potential:

• Centralized Services: Platforms like Celsius offer Bitcoin holders fixed interest rates but come with centralized risks.
• Semi-Decentralized Solutions: Tokenization approaches like WBTC and BTCB integrate Bitcoin into the DeFi ecosystem but remain limited.

BTC-Fi: Bridging Bitcoin and DeFi

BTC-Fi combines Bitcoin’s potential with DeFi principles to address this problem. This new financial ecosystem transforms Bitcoin from a mere savings asset into an investment tool that generates returns through the following means:

The Role of Bitcoin Staking

Staking allows Bitcoin holders to lock their assets on a blockchain and earn income. However, Bitcoin’s Proof-of-Work (PoW) mechanism makes direct staking impossible. BTC-Fi provides innovative solutions to overcome this limitation.

Validator Incentives and Real-World Assets (RWA)

• Validator Incentives: Bitcoin participates in transaction validation mechanisms, creating a new yield-generating model.
• RWA: Integrating Bitcoin with digital tokens representing physical assets opens up new revenue streams.

Solv Protocol: Financial Innovation for Bitcoin

A leader in the BTC-Fi space, Solv Protocol stands out as an innovative platform aiming to bring Bitcoin to the forefront of decentralized finance. Solv’s mission is to activate Bitcoin’s $1 trillion idle potential and turn it into a dynamic financial tool accessible to everyone.

Staking Abstraction Layer (SAL): An Innovative Approach

A key offering from Solv is the Staking Abstraction Layer (SAL), which standardizes Bitcoin staking across ecosystems. Through SAL, Bitcoin holders can:

• Generate yields in a more transparent system.
• Easily integrate across various blockchains.
• Gain high levels of security assurance.

SolvBTC and SolvBTC.LSTs

One of Solv’s innovations is SolvBTC and Liquid Staking Tokens (LSTs). These products offer Bitcoin holders the following benefits:

• Yield Opportunities: Access to diverse strategies such as staking rewards and trading profits.
• Increased Liquidity: Active participation of Bitcoin in DeFi protocols.
• Risk Reduction: Minimized risks through a layered security system.

Security and Transparency: Pillars of Solv

Solv Protocol operates on the principles of security and transparency. The platform’s security strategies include:

• Layered Reserve System: Ensuring maximum protection for user funds.
• Independent Audits: Regularly conducted audits to maintain protocol transparency.
• Solv Guard: An innovative security mechanism to prevent cyber threats.

Strategic Partnerships and Institutional Support

Solv Protocol goes beyond individual solutions by establishing impactful institutional partnerships.

• @HashKey_Global Chain: Collaborations that bridge institutional infrastructure with decentralized finance.
• @BinanceLabs Support: Backing from Binance, one of the world’s leading platforms, enhances Solv’s credibility.

Conclusion: Redefining Bitcoin’s Future

Solv Protocol aims to transform Bitcoin from a mere savings tool into an active financial player. BTC-Fi’s innovative approaches and Solv’s security-focused solutions enable Bitcoin holders to expand their financial independence.

Redefining Decentralized Finance with Bitcoin

Solv envisions Bitcoin not only as a digital asset but also as a central player in the global financial system. Fully unlocking

Bitcoin’s potential could reshape the future of decentralized finance. In this new era, Bitcoin holders have the opportunity to revolutionize their financial ecosystems.

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Why is Wrapped Bitcoin Important?

Wrapped Bitcoin is a tokenized version of Bitcoin on the Ethereum network, designed for use in decentralized finance (DeFi) applications. WBTC combines Bitcoin’s security and liquidity advantages with Ethereum’s smart contract infrastructure. As an important asset in the DeFi ecosystem, WBTC was listed on major exchanges like Coinbase, allowing it to reach a broader user base.

Coinbase’s delisting of WBTC has potential effects not only among users but also on the broader market structure. Some experts are discussing the impact of this decision on DeFi and WBTC’s future positioning.

Justin Sun’s Allegations

Coinbase explained its decision to remove WBTC by questioning the credibility of BiT Global, linked to Justin Sun. While Sun is known as the founder of Tron, he has been frequently involved in legal issues and financial misconduct allegations. In March 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Sun for fraud and unregistered securities offerings. During the same period, the FBI and the U.S. Attorney’s Office for the Southern District of New York launched investigations into Sun.

According to Coinbase’s official statement, these legal troubles and financial misconduct allegations against Sun led to the conclusion that WBTC posed an “unacceptable risk.” The exchange stated that the allegations involving Sun cast a shadow not only over BiT Global but the entire WBTC ecosystem.

Community’s Reaction to Coinbase’s Decision

The reactions to Coinbase’s decision largely focus on the weakness of the justification and accusations of hypocrisy. Bitcoin advocates, such as Pledditor, shared their views on social media platform X, commenting, “There is no solid technical reason for Coinbase’s decision. This is just a reflection of the displeasure with Justin Sun.”

VanEck advisor Gabor Gurbacs expressed that Coinbase’s stance on Sun was “ironic,” pointing out that the exchange itself has been sued by the SEC and is under investigation by various regulators. Gurbacs added, “It’s quite strange for Coinbase to criticize others when it is dealing with such serious legal issues.”

Coinbase’s Regulatory Issues

Coinbase’s own legal troubles further complicate the discussion. In June 2023, the SEC filed a lawsuit against the company for offering unregistered securities, just a few months after the allegations against Sun surfaced, and the case is still ongoing. Additionally, in January 2023, Coinbase reached a $100 million settlement with the New York Department of Financial Services for deficiencies in its compliance programs.

These issues have led to increased criticism that Coinbase should have been more careful when explaining its decision to delist WBTC. The community expected the decision to be backed by more technical and financial justifications, going beyond the risks associated with Justin Sun.

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MakerDAO authorized an executive vote lowering the WBTC debt limit to zero and forbiting any new loans guaranteed by WBTC collateral. Furthermore, set to 0% was WBTC’s loan-to-value (LTV) ratio. MakerDAO notably enables users to mint the DAI stablecoin as an overdollaterized loan.

Since the liquidation level stays the same, these changes have no effect on current loans guaranteed by WBTC.

Following Bitgo, the developer and guardian of WBTC, who revealed a collaboration with BiT Global (connected to Tron founder Justin Sun) to manage WBTC custody, moving custody from the U.S. to other jurisdictions, including Hong Kong and Singapore, the risk parameter modification affecting WBTC came after.

Inspired by Sun’s dubious reputation and the possible centralization of control, this development caused security issues among MakerDAO members, which led to the modifications. BitGo CEO Mike Belshe underlined in defense the company’s dedication to security as well as the legal control of BitGo and BiT Global.

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When WBTC was first launched, BitGo was chosen as a partner due to its strong reputation for security. However, Meow has questioned the clarity surrounding who controls the multi-signature wallets backing WBTC and whether these Bitcoin could be used for purposes other than securing WBTC.

Key Questions Raised

Who controls the multi-signature wallets holding the underlying Bitcoin?
Could the Bitcoin be used for any other purpose?
What are the benefits of this partnership for both parties, and how does it benefit the TRON ecosystem?
How does cross-jurisdiction help?
Is it possible for a highly reputable, independent third party to join the multi-signature group as both a communicator and signer?

Meow’s concerns highlight the importance of transparency and accountability in the DeFi ecosystem. The recent partnership between BitGo and BiT Global aims to diversify the custody and cold storage of WBTC, ensuring its security across different jurisdictions. However, the lack of clarity around the multi-signature wallets remains a concern for many in the community.

The Need for Transparency

The inclusion of a highly respected, independent third-party in the multi-signature process could significantly enhance transparency and trust. This third party could act as both a communicator and a signer, providing additional oversight and ensuring that the underlying Bitcoin is used solely to back WBTC.

While the partnership between BitGo and BiT Global is a step in the right direction, the industry must continue to prioritize transparency and security. As the DeFi ecosystem grows, it is crucial that projects like WBTC maintain the trust of their users by addressing concerns about the security and management of their underlying assets.

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In an announcement on Monday, Uniswap stated that the tokens influenced by the commission fee include ETH, USDC, WETH, USDT, DAI, WBTC, agEUR, GUSD, LUSD, EUROC and XSGD.

Related: What Is Uniswap?

Uniswap founder Hayden Adams said in an announcement on X;

I’m working in the crypto field because of the massive positive impact it can create on the world, eliminating gatekeepers and increasing access to value and ownership. I am proud of the contributions Uniswap Laboratories makes to this effort and I want to ensure that we are building sustainable systems to support this work. From day one, we have worked to be both transparent and sustainable. As a next step, starting from tomorrow, we will charge a 0.15% swap fee (a first in Labs history) for certain tokens in our web application and wallet. The token list and we will update fee level in our Help Center linked below. This is separate from the Uniswap Protocol fee change voted on by UNI token management.

I work in crypto because of the immense positive impact I believe it can have on the world, removing gatekeepers and increasing access to value and ownership.

I’m proud of the ways @Uniswap Labs has contributed to that effort and want to make sure we’re creating sustainable…

— hayden.eth (@haydenzadams) October 16, 2023

Interface Fee (Uniswap)

Adams also stated that he created the protocol to be a permissionless and decentralized public good. Also, users have numerous options to use it by interacting directly or through aggregators, other user interfaces, or smart contracts. Our interface continues to be the best. Also, we are going on to spend a large amount of love (and money) to make this happen.

This interface fee is one of the lowest in the industry and will allow us to continue developing, building, improving, and expanding crypto and DeFi. Just this year (so far!) we have launched an iOS wallet, Android wallet, UniswapX. Also we have launced Permit2, Uniswap v4 draft codebase, and more in our web application.

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What is Ribbon Finance (RBN)?

Ribbon Finance is a decentralized finance (DeFi) protocol offering various crypto products and investment strategies. This platform allows users to automate complex investment strategies and also helps them visualize portfolio dumps based on real-time market conditions. It uses cases which can be deposited with a single click (referred as Vault). The project also offers various DeFi features such as high-yield yield farming and staking.

Ribbon Finance creates structured products with long-term returns using financial engineering. Its first product has been automated as a yield-focused option strategy. Developers can also create products that they can structure according to their preferences. Structured products consisting of multiple DeFi derivatives fundamentally mean packaging financial instruments. The platform optimizes the risk-return profiles of the portfolios through these products.

What does RBN offer?

Ribbon allows users to deposit their cryptocurrencies into asset pools called “Theta Vaults”. This makes it possible to achieve high returns. These Vaults support many cryptocurrencies such as ETH, AAVE, SOL and WBTC. Also, Ribbon’s platform supports the creation and use of structured financial products.

Through these products, users gain access to various features such as betting, earning returns, capital protection. The platform increases investors’ profits by optimizing the risk-return profile in the best way.

What are the purposes of Ribbon Finance (RBN)?

RBN is a helper token of the Ribbon Finance platform and operates with the ERC-20 standard on the Ethereum network. With this token, users can access various advantages. For example, RBN holders can benefit from incentives for returns and transaction fee discounts. Also, RBN serves as a governance token on the Ribbon platform.

RBN holders, by participating in the platform’s DAO, gain the right to vote in governance. Thus, they enable the ecosystem to manage in a decentralized manner.

Founders of Ribbon Finance (RBN)

The Ribbon Finance has launched DeFi platform on February 15, 2021. The names of the founders are not on the official website. However, it can be found up to Julian Koh and Ken Chan.

How to buy RBN?

RBN token is currently the 200th largest cryptocurrency according to the CMC (CoinMarketCap) data. Therefore, it is available on exchanges such as Coinbase, MEXC, Gate.io and Bitget. Investors who want to buy RBN can use our lifetime discounted links from our Coin Engineer’s exchanges page.

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