ChainCatcher news, according to the ranking surge data from the Web3 asset data platform RootData, as of November 26 at 18:00, Kernel Protocol ranks first with an increase of 1,099 positions; OpenTrade has risen by 950 positions, ranking second; Thena has increased by 815 positions, coming in third.Additionally, the Web3 asset data platform RootData shows that Kernel Protocol is a re-staking protocol that allows users to deposit any asset into the platform to provide scalable security for various products and services built on Karak, such as data availability layers, blockchains, oracles, etc. Kernel Protocol proposes a solution by creating liquidity re-staking tokens (LRT) composed of indices from each major asset class on Karak.It is reported that RootData has launched the first "Web3 Hot Project Ranking." This popularity ranking helps users capture the real pulse of attention through 4.3 million real user behavior data, improving the accuracy of user investment decisions. The ranking is calculated in real-time based on the weighted search frequency of platform users, project click rates, user votes, and the popularity and influence on the X platform.

ChainCatcher news, the DeFi project OpenTrade announced the completion of a $4 million seed extension round of financing to build RWA-backed loan and stablecoin yield products. This round of financing was led by AlbionVC, with participation from a16z Crypto and CMCC Global.OpenTrade CEO David Sutter stated: "Stablecoins play a crucial role in the crypto ecosystem, bridging the gap between digital assets and traditional finance. As the crypto ecosystem continues to mature, our technology enables fintech companies and exchanges to offer seamlessly integrated, secure, and fast stablecoin yield products to meet high demand levels."According to RootData, OpenTrade is built on Circle's payment and DeFi infrastructure, allowing regulated asset management companies to create on-chain lending products with yield-bearing capabilities by depositing USDC or EURC into on-chain vaults with specific investment criteria and target yields.

ChainCatcher message, WOO X and OpenTrade have upgraded the RWA flexible term vault through integration with Avalanche. By utilizing OpenTrade's platform, WOO X seamlessly integrates and manages RWA-backed yields in its financial products.The new vault leverages Avalanche's innovative technology to enhance liquidity and reduce trading costs, allowing users to achieve more efficient investment management. This collaboration enables users to obtain low-risk returns through tokenized real assets such as government bonds, with the tokenized asset market expected to reach $16.1 trillion by 2030.In addition, WOO X, OpenTrade, and Avalanche are jointly launching an event. The event will run from October 21, 2024, to January 19, 2025, allowing participating users to enjoy high-quality financial products and services.

ChainCatcher news, Web3 institutional lending and yield products platform OpenTrade has completed a $3.2 million seed round financing, with participation from a16z Crypto Startup Accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs, and Plassa Capital.It is reported that OpenTrade is built on Circle's payment and DeFi infrastructure. Through OpenTrade, regulated asset management companies can create on-chain lending products that bear yield, depositing USDC or EURC into on-chain vaults with specific investment criteria and target yields.

ChainCatcher news, WOO X collaborates with OpenTrade to offer tokenized U.S. Treasury bond products to Asian investors, allowing its users to earn returns by using tokenized Treasury bonds and borrow USDC-backed loans against liquid assets.

ChainCatcher news, the encrypted structured financial product OpenTrade has announced the completion of a $1.5 million funding round, led by Sino Global Capital, with participation from Circle Ventures, Kronos Research, Kyber Ventures, Polygon Ventures, and Outlier Ventures. This funding will help OpenTrade expand its business ahead of launching its initial products in the second half of this year, which will include a liquidity pool for U.S. Treasury bills, investment-grade commercial paper, and investment-grade supply chain financing. (source link)