The Good Tech Companies - Ceffu Joins Forces With EOS To Deliver Advanced Custody And CeDeFi Opportunities

Episode Date: December 5, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/ceffu-joins-forces-with-eos-to-deliver-advanced-custody-and-cedefi-opportunities. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #eos, #chainwire, #press-release, #eos-blockchain, #blockchain-development, #crypto-custody, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Ceffu, the institutional custody partner of Binance, now supports the EOS mainnet. This partnership provides institutional-grade custodian services while unlocking new CeDeFi opportunities. EOS token holders gain access to innovative yield solutions tailored to institutional needs.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Cefu joins forces with EOS to deliver advanced custody and C-Defy opportunities, by Chainwire. Calgary, Alberta, December 5, 2024, Chainwire, the EOS Network Foundation, ENF, is pleased to announce that Cefu, the institutional custody partner of Binance, now supports the EOS mainnet. This partnership provides institutional-grade custodian services while unlocking new C-DEFI opportunities for EOS token holders through Binance's Mirrors integration. With CEFU's advanced custody infrastructure, institutions can confidently secure their EOS assets using multi-party computation, MPC, and customizable approval schemes.

Through MirrorX, institutional fund managers can deploy C-DeFi strategies that leverage the best of both CEX and DeFi worlds. By leveraging Binance's liquidity and advanced trading mechanisms, EOS token holders gain access to innovative yield solutions tailored to institutional needs. EOS inclusion in the Coinbase Coin50 Index, a global benchmark representing the top 50 digital assets listed on Coinbase Exchange highlights the growing interest and popularity of the ecosystem towards institutions. This recognition underscores EOS's position as a leading blockchain platform and a key player in the crypto economy. Greater than, CEFU's integration with EOS

represents an important step in building the greater-than infrastructure necessary to support institutional engagement at scale, said greater-than Yves Laroze, founder and CEO, EOS Network Foundation. Greater than, by partnering with CEFU, we are creating new pathways for institutions to greater-than securely participate in the EOS ecosystem and benefit from its evolving greater-than opportunities. EOS has experienced significant performance improvements driven by community-approved tokenomics enhancements. The new tokenomics strategy includes a dedicated funding bucket for middleware with the executed Unicov portal streamlining the onboarding process and improving user experience. Additionally, a staking rewards program distributing $450 million worth of EOS has

been active for over five months and has increased EOS staking participation by 4x while simultaneously extending the token lockup time from 4 to 28 days. These tokenomics initiatives collectively strengthen the EOS ecosystem, showcasing its growing robustness and appeal. EOS Network The EOS Network is a third-generation blockchain platform powered by the EOS VM, ALOW latency, highly performant, and extensible WebAssembly engine for deterministic execution of near-feel-less transactions. Purpose built for enabling optimal Web3 user and developer experiences.

EOS is the flagship blockchain and financial center of the Antelope framework, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation, ENF, EOS Network Foundation, the EOS Network Foundation, ENF, was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open-source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are a committed to a stronger future for all. About Cephu Cephu is a compliant, institutional-grade

custody platform offering custody and liquidity solutions that are ISO 27001 and 27701 certified and SOC 2 Type 1 and Type 2 attested. Our multi-party computation, MPC, technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets. Institutions may also benefit from CEFU Secure Gateway to a wide range of liquidity products within other exchanges' ecosystems. Institutions may also benefit from Cephus Secure Gateway to the world's largest crypto exchange through MirrorX, our off-exchange settlement solution. Contact Tristan Dickinson EOS Network Foundation tristan.dickinson at eosnetwork.com Thank you for listening to this HackerNooon story, read by Artificial Intelligence.

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