EntangleFi Is Simplifying The Omnichain Meta☁️

Omnichain networks aim to unify different blockchain platforms, creating a seamless ecosystem where assets and data can flow freely across various chains. 

With it’s recent mainnet launch, EntangleFi emerges as a top contender for omnichain interoperability. Its innovative approach to bridging and interoperability enables EntangleFi to push the boundaries of omni-chain innovation, rivalling established players like LayerZero and Wormhole.

The Need For Omnichain Solutions🚨

Omnichain solutions are platforms or protocols designed to facilitate seamless interaction and data transfer across multiple blockchain networks. Essentially, they act as bridges that enable interoperability between different blockchains, allowing for the efficient exchange of assets, data, and functionality.

The need for omnichain solutions stems from the fact that there are many different blockchain networks, each with its own unique features. As a result, there's a demand for ways to make these networks work together seamlessly. 

Omnichain solutions provide a way to bridge these networks, allowing data and assets to move between them easily. This is important for scalability, flexibility, and innovation in the blockchain space, as it enables developers to build more connected and powerful dApps.

What Is EntangleFi?🔗

EntangleFi is an omnichain protocol, enabling seamless connectivity and data exchange across different blockchain networks. It acts as a bridge between various blockchains, providing a unified infrastructure for dApps. 

EntangleFi lets developers customize dApps and protocols to fit their needs precisely. It makes it easy for different blockchain networks to communicate and share data, ensuring they work well together and scale effortlessly.

Developers can create custom oracles, which are like real-time data sources. This allows dApps to quickly respond to user requests. They can also fine-tune how data is verified and managed off-chain, giving them more control over how their apps work.

EntagleFi Mainnet went live on 27th April after two years of development. EntangleFi’s Mainnet, built on the Cosmos SDK, operates on a delegated Proof-of-Stake (DPoS) mechanism. Validators manage nodes to ensure network security. 

Users can stake tokens with Validators to earn compounded rewards, allowing them to generate passive income.

How Does EntangleFi Work?⚖️

EntangleFi works by providing essential tools for networks, protocols, and assets to connect with the broader blockchain ecosystem. Four key features are central to EntangleFi’s operation:

• Photon Messaging: Photon messaging facilitates seamless communication between diverse blockchain networks. It enables efficient data exchange and interaction, enhancing interoperability and simplifying dApp development. This versatile system offers customization options for tailored communication protocols, empowering developers while fostering collaboration and innovation across the blockchain ecosystem.

• Universal Data Feeds: Universal Data Feeds provide a cost-effective way to gather and deliver data from traditional and blockchain sources. They support various data types, enhancing dApp functionality by enabling dynamic responses to real-time information. Additionally, they promote interoperability between blockchain networks.

• e-VRF: eVRF, or Verifiable Random Function, is a secure tool in EntangleFi. It generates random numbers for blockchain applications like gaming and NFTs. eVRF ensures randomness is both unpredictable and verifiable, crucial for fairness and trust in dApps. It enhances reliability and transparency, empowering developers to build trustworthy blockchain applications.

• Liquid Vaults: Liquid vaults enable the creation of derivative tokens for Web3 assets, allowing users to generate additional revenue streams while maintaining exposure to underlying assets. At its core, liquiid vaults are composable, enabling users to tokenize yield-bearing assets and enhance capital efficiency within the DeFi space. By tokenizing assets, users can unlock new DeFi strategies and participate in various financial activities, including lending, borrowing, and trading, while still earning yield on their original assets.

Together, these features enable seamless interaction, data exchange, and asset management across different blockchains, driving the evolution of the crypto industry towards greater connectivity and innovation.

What Makes EntagleFi Unique?👀

EntangleFi's uniqueness lies in its:

• Developer Customizability: Through its Agent Network, developers can customize data collection and validation processes.

• Third-Party Deployment: External parties can deploy their own data verification tools.

• Customizable Parameters: Applications can adjust security and consensus parameters to fit specific needs.

• Interoperability: EntangleFi connects EVM and non-EVM blockchains, facilitating asset issuance across multiple networks.

• Composable Derivatives Tokens (CDTs): Its native application enables the creation of CDTs on yield-bearing assets, enhancing liquidity and DeFi capabilities.

$NGL Tokenomics🧮

The $NGL token serves various purposes within the EntangleFi ecosystem:

• Gas Fee Payments: Users can utilize $NGL tokens to pay for gas fees within the Entangle blockchain.

• Staking: $NGL tokens can be staked as a Validator or Delegator for the Entangle Blockchain, allowing participants to secure the network and earn rewards.

• External Developer Staking: External developers can stake $NGL tokens to access and utilize Entangle's infrastructure for their projects and applications.

$NGL operates both as a native token on the Entangle Blockchain and as an ERC20 token, ensuring versatility and accessibility for users across different platforms.

The token has a fixed maximum supply of 1 billion tokens, with an initial circulation excluding liquidity provisions set at 18,550,000 tokens.

As for the current supply statistics:

• Circulating supply: 109 million NGL

• Maximum supply: 1 billion NGL

• Market cap: $127 million

• Fully Diluted Valuation (FDV): $1.16 billion

EntangleFi Ecosystem🌎

EntangleFi was founded by Faisal Mehrban in 2022. Faisal serves as the Founder and CEO of Entangle Labs, bringing with him a wealth of experience in Investment Banking, FinTech, RegTech, and Digital Assets. He has previously held positions at JP Morgan, Barclays, and Credit Suisse as a Lead Consultant.

In terms of investors, EntangleFi has attracted support from some of the most prominent names in the crypto space. Investors include ConsenSys, Big Brain Holdings, LaunchCode Capital, Seier Capital, and many others. 

Additionally, EntangleFi has secured grants from leading crypto projects such as Aave, Mantle, and MetisDAO, further solidifying its position within the crypto ecosystem.

EntagleFi provides a platform for diverse DeFi strategies encompassing GambleFi, GameFi, RWA, BRC-20, and derivatives

The EntangleFi ecosystem is thriving, already comprising:

• More than 42 DApps integrated

• 16 blockchains connected

• More than 2 billion testnet transactions recorded

Mainnet launch is expected to attract new projects into the ecosystem, especially those building DeFi and DePIN products.

Making The Most Out of EntangleFi: Liquid Vaults, Staking + Validator Strategies🎲

EntangleFi opens up opportunities for generating end-user value through:

a) Liquid Vaults💧

Liquid Vaults enable you to auto-stake LP tokens, earning 1:1 backed Composable Derivative Tokens (CDTs).

These CDTs are minted on the native blockchain of the LP token, ensuring security. Liquid Vaults automatically compound yields, maximizing returns. Users can also borrow against CDTs for increased capital efficiency or utilize them in other DeFi activities.

Get started with Liquid Vaults

b) Staking🔒

Staking with EntangleFi is simple:

1. Acquire NGL Tokens:

• Obtain NGL tokens to participate in staking.

2. Choose a Validator:

• Select a validator to delegate your tokens to.

3. Delegate Tokens:

•  Delegate your NGL tokens to the chosen validator using the specified command or interface.

4. Earn Rewards:

• As the validator successfully participates in block production and network security, you'll receive rewards in the form of additional NGL tokens.

5. Monitor and Manage:

• Keep track of your staked tokens and earned rewards through the provided interface.

• Adjust your delegation as needed based on validator performance or changing preferences.

c) Network Validation

To become an EntangleFi validator, follow these steps:

1. Hardware and Software Setup:

• Ensure your system meets requirements: 4 CPU cores, 16GB RAM, 500GB SSD, and stable 100mbps internet.

• Use Ubuntu 22.04 and install essential software like Git, Golang, and Python.

2. Node Setup:

• Clone Entangle's blockchain repository and build with 'make install.'

• Verify installation and initialize your node with a unique moniker and chain ID.

3. Wallet and Configuration:

• Generate a wallet key for validator access.

• Update config files and set persistent peers for network connectivity.

4. Launching and Syncing:

• Start your node and sync with the Entangle network.

• Use a command line check to confirm synchronization.

5. Creating Validator:

• Obtain required $NGL tokens for staking.

• Create validator, adjust parameters, and launch.

• Confirm addition to validator set, becoming a pivotal part of Entangle.

Final Thoughts🧠

EntangleFi stands out as a powerful player ready to transform cross-chain communications, scalability, and liquidity. It combines the strengths of Chainlink and LayerZero in a unique way. 

With a robust infrastructure that outperforms competitors like Chainlink, LayerZero, and Wormhole, EntangleFi offers innovative solutions to blockchain hurdles. $NGL has a significant potential for growth, especially in comparison to its unicorn competitors. EntangleFi is poised for an exciting journey ahead.

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