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FILLiquid Launches FIG Staking to Introduce Revenue Sharing for Its FIL Borrowing Platform

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[PRESS RELEASE – Berlin, Germany, October 14th, 2024]

FILLiquid, an emerging Filecoin-based platform for leasing and borrowing, has launched FIG Staking, a new product that allows users the chance to earn yield by staking the platform’s governance token, FIG. This initiative leverages a revenue-sharing model, enhancing the utility of FIG and enabling token holders to claim a share of the platform’s transaction fees.

Since FILLiquid’s FIL liquidity protocol debuted in late August 2024, it has swiftly attracted over $2.5 million in Total Value Locked (TVL), underscoring its growing influence in Filecoin-based borrowing. The recent launch of FIG Staking saw nearly 1 million $FIG staked within just two hours, which the team sees as a reflection of token holders’ interest in deeper protocol participation.

FIG Staking extends the utility of the FIG token beyond governance by offering stakers access to a share of transaction-based revenue. With this product, FILLiquid aims to provide token holders the option to participate more actively in the protocol’s growth, aligning rewards with platform usage.

“The FILLiquid community has eagerly awaited the FIG Staking launch, which opens up additional yield-generating opportunities,” said Arthur Tan, CEO of FILLiquid. “This innovation allows our community to become more integrated with the protocol, providing them with a unique ownership opportunity for the platform.”

To participate in FIG Staking, users need to deposit FIG into the staking product and allow rewards to accumulate as more transactions and loans are processed on the platform. Users are required to select a deposit period when staking, with longer periods providing higher rewards.

Dividends are allocated based on the user’s staking period and the amount staked based on a weighted formula. Rewards are triggered when the number of FIL in the reward pool reaches the threshold. However, the first three dividends will be triggered manually over the following three dates: October 17th, October 24th, and October 31st, providing ample opportunity for FIG holders to start staking.

After attracting over $2.5 million TVL, FILLiquid has quickly become a key player within the Filecoin ecosystem. The liquidity pool is designed to deepen FIL liquidity for storage providers, helping them achieve sustainable storage power growth and capital efficiency by utilizing locked liquidity to secure loans.

FIG Staking extends the utility of the FIG token beyond governance by offering stakers access to a share of transaction-based revenue. With this product, FILLiquid aims to provide token holders the option to participate more actively in the protocol’s growth, aligning rewards with platform usage.

About FILLiquid

FILLiquid is a $FIL lending protocol that aims to deepen liquidity to Storage Providers (SPS), helping them achieve consistent storage power growth while allowing token holders to lease their assets. The protocol intends to solve the SP dilemma, which requires SPs to make consistent $FIL pledges to add more storage capacity to the Filecoin network by unlocking liquidity in the SPs node. FILLiquid employs an algorithmic interest rate model dictated by the utilization rate in the liquidity pool.

$FIG, FILLiquid’s native token, provides governance voting rights and allows holders to participate in revenue-sharing when staked. It also features deflationary properties through burning.

The team members behind FILLiquid are very well-versed in the crypto field, with more than seven years of experience. The product designer is a CFA-certified economist who previously worked as a researcher at the IMF and World Bank Group, providing credibility for the project. In terms of achievements, FILLiquid has already won the Ethereum and Filecoin DeFi Hackathon in 2023, an event showcasing their innovation in DeFi solutions.

For more information and regular updates, users can visit FILLiquid’s official website and whitepaper, as well as the Telegram, X, Medium, and Discord channels.

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Rise Surpasses $500 Million in Total Payroll Volume, Solidifying Its Leadership in Hybrid Payroll

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[PRESS RELEASE – Please Read Disclaimer]

Rise, the leading hybrid payroll and contractor payment platform is proud to announce its major milestone: surpassing $500 million in total payroll volume paid out to global teams.

This comes only six months after hitting the $300M milestone in September of 2024, highlighting Rise’s rapid growth, trust from businesses worldwide, and its commitment to revolutionizing payroll for the modern, global economy.

Since its launch, Rise has empowered global businesses to pay contractors and teams seamlessly in local currencies, stablecoins, and cryptocurrencies

By combining a variety of payment schedules, compliance-first solutions, and a seamless user experience, Rise has positioned itself as the go-to platform for companies looking to streamline payroll operations and navigate complex international hiring landscapes.

A New Era of Payroll: Fast, Compliant, and Crypto-Enabled

The acceleration toward borderless, hybrid payroll solutions has fueled Rise’s growth.

Key features driving this success include:

  • Multi-Currency Flexibility – Employers can pay their teams in stablecoins and cryptocurrencies, along with 90+ fiat currencies.
  • Global Compliance – Built-in KYC/AML verification ensures secure and compliant onboarding.
  • Automated Onboarding – A seamless experience for businesses hiring and paying remote teams worldwide.

Rise’s Vision: Scaling to $1 Billion and Beyond

With $500M in payroll processed, Rise is setting its sights on $1 billion in total payouts, further expanding its global footprint and product capabilities.

The company is actively enhancing its platform with more payroll-related services such as Employer of Record, Direct Payroll, accounting, integrations, and expanded crypto payment options to meet the needs of fast-scaling businesses.

“As businesses continue to embrace global and hybrid payroll solutions, our mission remains clear: to provide a fast, compliant, and seamless way for companies to onboard and pay their teams worldwide,” said Hugo Finkelstein, CEO. “Reaching $500 million is just the beginning. As workforces start to demand hybrid payroll from their employers, Rise is uniquely positioned to meet their needs.”

About Rise

Rise is a hybrid payroll and international contractor payment platform that enables businesses to pay their teams in local currency, stablecoins, or cryptocurrency.

Designed for global teams with distributed workforces, Rise simplifies payroll & cross-border payments while ensuring compliance.

For more information, users can visit www.riseworks.io.

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BTC Bull Token Rockets Past $1M in ICO Funding – Could It be the Hottest New Bitcoin Play?

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A new Bitcoin-themed meme coin called BTC Bull Token just passed the $1 million mark in its ICO.

This project offers a unique way for holders to generate BTC rewards.

The big question is: Could BTC Bull Token (BTCBULL) help capitalize on the anticipated Bitcoin bull run?

Inside BTC Bull Token – A Meme Coin That Pays You in Bitcoin

So, what is BTC Bull Token, and how does it work?

It’s a meme coin built on the Ethereum blockchain, designed to act as a “bet” on Bitcoin’s price rising.

Instead of buying Bitcoin directly, you’re buying a coin that rewards you with actual BTC when Bitcoin hits specific price milestones.

For example, when Bitcoin reaches $150,000 or $200,000, BTCBULL holders get airdrops of BTC.

There’s no other project that offers this kind of reward structure.

BTC Bull Token also plans to burn some of its supply as Bitcoin climbs in $25,000 increments, starting at $125,000.

It’s like a company buying back its own stock – it reduces the total number of tokens available, potentially making those left worth more.

There’s even a staking app for BTCBULL, offering initial APYs of 349%.

Since this staking app went live, investors have locked up more than 300 million BTCBULL tokens.

BTCBULL Presale Passes $1M Mark as Some Analysts Expect Huge Growth Ahead

With all these features designed to capitalize on BTC’s movements, it’s no surprise that the BTC Bull Token presale is taking off.

The presale raised over $800,000 in the first 48 hours alone and has since reached the $1.1 million mark.

This early momentum has caught investors’ attention.

The current BTCBULL price is set at $0.00236, but it will increase incrementally as fundraising milestones are met.

Early investors get better prices, with the token price increasing as more funding rolls in.

It’s not just everyday investors that are getting involved.

BTC Bull Token is also gaining traction in the influencer community, with popular YouTuber NASS CRYPTO calling it an “unstoppable force.”

Given that he has over 1,000,000 YouTube subscribers, his endorsement has only added to the buzz around BTCBULL.

And it’s also helped the project build a sizable social media presence.

BTC Bull Token’s Twitter page and Telegram channel have exploded, plus BTCBULL has also been ranked highly on ICOBench.com.

Can Bitcoin’s Growth in 2025 Fuel BTC Bull Token’s Success?

What does the bigger picture look like for Bitcoin itself?

Most analysts are optimistic about Bitcoin in 2025, with claims ranging from $150,000 to $200,000 – and some even stretching to $250,000.

Several factors are driving this optimism.

These include growing institutional interest (mainly thanks to the spot BTC ETFs), the continued after-effects of last year’s halving, and even potential pro-crypto policies in the U.S.

If these factors play out, it’s good news for Bitcoin – and BTCBULL.

As BTC’s price climbs and hits more milestones, it directly triggers the rewards and token burns built into BTC Bull Token’s ecosystem.

More demand for BTC translates to more BTC rewards for holders, and the burns could increase BTCBULL’s price over time.

While the potential looks promising, there are risks to consider.

Bitcoin’s price could drop, and unexpected events (like geopolitical tensions) may throw a wrench in the works.

But for those who believe in Bitcoin’s long-term potential, BTC Bull Token offers an interesting way to potentially amplify those gains – or at least gain exposure in a unique way.

Visit BTC Bull Token Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotato’s full disclaimer.

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Figment Joins Blockchain Association to Advance U.S. Crypto Policy and Institutional Staking Adoption

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[PRESS RELEASE – Please Read Disclaimer]

Today, Figment, the leading independent staking infrastructure provider with over $15B in staked assets, announced it is joining the Blockchain Association, the leading trade association for the cryptocurrency industry in the United States. Joining forces with the country’s preeminent exchanges, venture capital firms, infrastructure, and service providers emphasizes Figment’s continued leadership role in shaping regulation that facilitates institutional crypto adoption.

As institutional interest in protocol staking continues to grow, Figment’s membership in the Blockchain Association reinforces its commitment to working with policymakers and regulators to establish clear guidelines for the staking ecosystem in particular. This collaboration comes at a crucial time as the industry seeks regulatory clarity, particularly regarding the treatment of protocol staking in exchange-traded products.

“We are excited to welcome Figment as a member of the Blockchain Association. As the U.S. moves into a new era for digital assets, establishing regulatory clarity around staking will be critical. We look forward to the Figment team lending their expertise to these policy conversations in DC”, states Kristin Smith, CEO at Blockchain Association.

Through the Association, Figment will focus on key educational and advocacy initiatives, including:

  • Protocol staking in ETPs
  • Development of staking regulatory frameworks
  • Education on the distinction between protocol staking and yield products
  • Cross-jurisdictional policy alignment

As a member of the Blockchain Association, Figment strengthens its position as a trusted voice in shaping the future of digital asset infrastructure. This membership enhances the company’s ability to serve its 700+ institutional clients while contributing to the development of responsible industry standards.

Figment continues to educate American policymakers on staking’s critical importance in securing and decentralizing Proof-of-Stake (PoS) networks. Having reached a $633 billion market cap, PoS networks are noteworthy for offering a more sustainable alternative to energy-intensive Proof-of-Work mining. The approval of Ethereum in ETFs in May 2024 marked another significant milestone for Proof-of-Stake networks.

The entire Figment team is energized to bring its staking expertise to the Blockchain Association’s agenda at this critical moment for the future of the nation’s crypto policy. Beyond navigating the hopeful addition of staking to ETPs, Figment is also helping traditional banks and brokerages navigate the opportunities of staking within regulated financial institutions made possible through SAB 122.

“Protocol staking is the backbone of blockchain security, ensuring network integrity and decentralization,” adds Jennie Levin, Chief Regulatory & Strategy Officer. “Figment is thrilled to join the Blockchain Association, to align with industry leaders to further this message and advocate for a thriving, secure, and decentralized future.”

About Blockchain Association

The Blockchain Association is the unified voice of the cryptocurrency industry. Their members include the sector’s leading investors, companies, projects, and protocols, working together to support a future-forward, pro-innovation national policy and regulatory framework for the crypto economy. For more information, users can visit the blockchainassociation.org.

About Figment

Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. To learn more about Figment, users can visit figment.io.

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