DEFI PROTOCOL CVI⚡️TROUBLED CRYPTO FIRM⚡️FLIX REVOLUTIONIZING FILM⚡️DAILY CRYPTO NEWS

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⭕️Most of my crypto portfolio is Bitcoin, then Ethereum, but I hold many cryptocurrencies, possibly ones discussed in this video.

⭕️Coins I hold or will hold more than $1k worth (in no particular order): BTC, ETH, ADA, SOL, DOT, AVAX, EGLD, MINA, SUPER, FEAR, CELL, DON, VPP, XCAD, RUNE, XDEFI, OPUL, LINK, RFOX, INJ, XPLOT, REALM, NIF, VPAD, SENATE, SIDUS, FORM, DON, CELL, BICO, SIS, MATIC, IMX, METIS, BNB, MANA, SAND, THETA, TFUEL,

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– What is DeFi❓
– What are the benefits of DeFi❓
– What is CVI Finance❓
– What is Impermanent Loss Protection❓
– How does Impermanent Loss Protection work❓
– Who can use Impermanent Loss Protection❓
– How long does it take to get insured through Impermanent Loss Protection❓
– What are the limitations of Impermanent Loss Protection❓
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DeFi Protocol CVI Finance Launches Impermanent Loss Protection. 50% of Uniswap V3 LPs lose more money compared to crypto hodlers due to IL. CVI team intends to use Armadillo to solve issue of impermanent loss by implementing strategies that allow LPs to enjoy the benefits of providing liquidity while hedging against losses. Armadillo was designed as an insurance contract. The insurance contract is issued as a non-fungible token representing the coverage amount, duration, and designated token pairs. The IL protection was previously launched in beta but is now available in alpha with more features.

Troubled Crypto Firm Vauld Filed for Protection Against Creditors . Singaporean digital asset exchange Vauld will attempt to ease the turbulence by filing for protection against creditors. The process is much similar to Chapter 11 bankruptcy in the USA. The debtor remains in charge of its operations and receives more time to resolve its financial problems. Nexo has signed a 60-day exclusive exploratory period focused on the deal. If successful, Nexo will own up to 100% of the Singaporean firm. Nexo CEO Darshan Bathija opined that the acquisition could ensure additional protection for investors.

FLIX: Revolutionizing Film Financing and Production With Crypto and Blockchain. FLIX is a decentralized film finance token founded by two veteran Hollywood filmmakers, Ben Rosenblatt and Micho Rutare. FLIX aims to create a self-sustaining filmmaking ecosystem using new crypto, blockchain, and Web3 technologies. FLIX plans to leverage its native token, FLIX, to accomplish its goal of revolutionizing film financing. The project will use the cryptocurrency’s buy and sell tax to raise capital for several films that appeal to film and crypto enthusiasts.