Connect with us
DAPA Banner

Crypto World

Wiinco!

Published

on

Wiinco!

Wiinco, the place where you challenge your luck by saving and contributing to society


In the innovation process we have carried out, we have met different areas of knowledge which have a relevant importance and interest in society. Within these, the world of cryptocurrencies and decentralized finance knocks on our doors . And this… is how Wiinco was born, a project that sought to innovate, developing new experiences for the team in Marketing and Product Development in crypto, just, what we were looking for!

Advertisement


What is Wiinco?

Advertisement


Wiinco is a decentralized application (dapp) for no-loss betting with cryptocurrencies, which operates on the polygon network. This allows users to make deposits in USDT, these deposits are transferred to a decentralized finance platform, where interest is generated.


Advertisement




Once the interests are generated, the majority of them are raffled weekly through a smart contract.

Advertisement


In addition, part of these generated interests are automatically donated to supported social organizations.This project has been developed thanks to PoolTogether’s open-source protocol, which was essential for building Wiinco.


Advertisement



What is really interesting is that a percentage of the accumulated prize is distributed to a linked charity, sending the funds directly to the address of the donation wallet of said organization. We are currently allied with the Tunapanda NGO, which is a non-profit social enterprise that runs intensive 3-month technology, design, and business training courses in extreme low-income environments of East Africa such as Kibera (Nairobi informal settlement). 


Advertisement

Their mission is to create environments and experiences that train lifelong learners, earners, and problem-solvers.



(https://tunapanda.org/)


Advertisement

 



Welpy allows you to save, have the chance to win prizes and help at the same time. Remember in each draw you are contributing to a social cause, whether you win or not, since a percentage of the interest generated will always go to an NGO.

Advertisement


In this way Wiinco was born under the conception of



Advertisement

having opportunities to win, save and help.



How does Wiinco work?

Advertisement

 

Advertisement

Through the dapp, people deposit cryptocurrencies (USDT) in one or more groups of their interest. 


Advertisement

Pool funds are automatically invested in DeFi lending protocols that earn interest on deposits, in our case we are connected to Aave. The interest generated on this platform is accumulated weekly, which is later divided as follows:


A percentage of the prize pool is distributed to the linked charity, sending the funds directly to the organization’s donation wallet.

Advertisement

Another percentage is retained for Codescrum to continue the operations of the project.

Advertisement

The remainder of the prize is awarded to the winner.


Advertisement

Best of all, once the weekly drawing is done, you can withdraw your deposit!



How is the winner of the interest draw chosen?

Advertisement


Weekly the percentage of the interests that are part of the prize, are randomly raffled among all the people who deposited the cryptocurrencies. In this way, just by depositing you already find yourself being part of the possible winners

Advertisement



What benefits are perceived in Wiinco?


The most interesting thing about this project is that there are possibilities of great prizes without risking your money to participate. The traditional operation of a draw is that you bet but if you lose, your money is also lost.

Advertisement


Another attribute of great importance and what is really important is that always, a part of the interest generated with the deposits is donated to a non-profit foundation. What does this mean? Win or not you will be contributing to a good cause.

Advertisement


Finally, an aspect of great importance is the power of blockchain technology to make this type of initiative possible.Through smart contracts, cryptocurrencies and decentralized finance, these projects are generated, which seek to break with the traditional system and provide benefits never seen before to the users.



Advertisement

Last thoughts…


Undertaking the path of projects in Blockchain technology will always be a challenge, but in one way or another you have to take the first step. In this case, we saw the opportunity to use the PoolTogether open source to make our own pool with differentiating attributes, which in turn would bring a contribution to society.

Advertisement


We continue in this process of developing products based on this technology, and we have no doubt that this will be the future.

Advertisement



Source link

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

NYSE Lifts Crypto Options Cap Across 11 BTC and ETH ETFs

Published

on

Crypto Breaking News

Two NYSE-affiliated venues have scrapped the 25,000-contract cap on options tied to 11 crypto ETF options, a move the exchanges filed with the Federal Register on March 10. The Securities and Exchange Commission acknowledged the rule alterations on Sunday by waiving the standard 30-day waiting period, meaning the changes are now in effect. The initiative removes price-discovery restrictions and the position-limit cap that had governed crypto ETF options since their November 2024 debut.

The policy shift ushers crypto ETF options closer to the regime applied to other commodity ETFs, potentially boosting institutional trading flexibility, liquidity, and ease of entry and exit. The development also paves the way for FLEX options—customizable terms such as non-standard strike prices, expiration dates, and exercise styles—to be applied to crypto ETF options.

Among the 11 crypto ETF options affected are major listings from BlackRock, Fidelity, and ARK, including BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC), and ARK 21Shares Bitcoin ETF (ARKB). The notice also covers Bitcoin and Ether ETFs issued by Bitwise and Grayscale, expanding a footprint that has grown since the initial option-limits regime was put in place.

In parallel, the SEC’s acknowledgment of the rule changes adds a note of continuity to an ongoing regulatory arc around crypto ETF products. The latest action follows a July decision that removed the 25,000-contract limit for the Grayscale Bitcoin Trust ETF (GBTC), signaling a broader regulatory openness to easing constraints on crypto-derived derivatives.

Advertisement

Beyond the NYSE venues, another development looms: Nasdaq’s options arm, Nasdaq International Securities Exchange, has filed to raise the contract position limit for BlackRock’s IBIT to 1 million. That proposal remains under review by the SEC as of a February 27 notice, underscoring an industry-wide interest in expanding capacity for crypto-based hedging and trading instruments.

The shift comes against a backdrop of heightened attention to liquidity and transparency in crypto markets, with exchanges and issuers seeking to improve price discovery and provide more robust hedging tools for institutional participants. While the core economics of crypto ETFs and their options remain subject to market forces, removing artificial caps can enhance capital efficiency for institutions, market-makers, and sophisticated retail participants alike.

Key takeaways

  • The NYSE Arca and NYSE American have removed the 25,000-contract limit and price-discovery restrictions on options linked to 11 crypto ETF options, effective after SEC’s waiver of the standard 30-day waiting period.
  • The change brings crypto ETF options closer to the handling of traditional commodity ETF options and enables FLEX options with customizable terms.
  • 11 crypto ETF options are affected, including BlackRock’s IBIT, Fidelity’s FBTC, and ARK’s ARKB, with Bitwise and Grayscale’s BTC-related offerings also covered.
  • The development follows earlier regulatory moves, including the SEC’s July decision to remove the 25,000-contract cap for GBTC, signaling a gradual easing of previous constraints.
  • Nasdaq ISE is seeking to lift its own cap for IBIT to 1 million contracts, a proposal still under SEC review as of late February.

Regulatory steps and what changed

NYSE Arca Inc. and NYSE American LLC filed three rule changes with the Federal Register on March 10 to eliminate the 25,000-contract position limit and price-discovery restrictions on options tied to 11 crypto ETF products listed on their exchanges. The actions mark a notable shift from the framework established when crypto ETF options first began trading in November 2024, when broad caps were designed to curb market manipulation and volatility.

The SEC’s decision to waive the usual 30-day waiting period means the amendments are now in effect. This waiver eliminates a standard cooling-off period that typically gives market participants time to react to regulatory changes, accelerating the practical impact of the rules for exchanges, brokers, and traders.

From a structural perspective, the moves align crypto ETF options with the broader approach applied to commodity ETF options, potentially improving liquidity by enabling more complete hedging and arb opportunities. The removal of the cap also dovetails with a push to offer more flexible trading tools, including FLEX options, which permit non-standard strike prices and expiration dates and more diverse exercise styles.

Advertisement

Which products are affected and why it matters

While the notice does not list every instrument in detail, it confirms that 11 crypto ETF options are covered. The set includes high-profile offerings from BlackRock, Fidelity, and ARK, notably the iShares Bitcoin Trust (IBIT), the Wise Origin Bitcoin Fund (FBTC), and ARK 21Shares Bitcoin ETF (ARKB). The scope also extends to Bitcoin- and Ether-focused ETFs issued by Bitwise and Grayscale, underscoring a broadening ensemble of crypto-linked options now subject to a more permissive regime.

For investors, the implications are tangible. Fewer constraints on contract size and governance around price discovery can translate into deeper liquidity and more efficient entry and exit for complex hedging strategies. Market-makers gain additional flexibility in pricing and risk management, which could reduce spreads and improve execution quality in volatile periods. Traders who rely on precise volatility hedges or sophisticated spreads may find the availability of FLEX options particularly advantageous, enabling strategies that were previously constrained by standard exchange rules.

From an issuer perspective, these changes could support more robust options markets around crypto ETFs, enhancing the attractiveness of listed products for institutions that require scalable hedging and leverage management. The broader regulatory signal—easing limits while maintaining oversight—also matters for credibility and institutional onboarding within the crypto asset space.

Nevertheless, observers should note that the crypto ETF landscape remains a function of evolving market structure, regulatory sentiment, and product demand. While the caps are lifting, liquidity will still hinge on actual trading volumes, market-making capacity, and the availability of reliable underlying data for price discovery. The market will likely watch volumes and bid-ask dynamics closely in the coming quarters to gauge the real-world impact of the change.

Advertisement

Broader context and what to watch next

The SEC’s posture toward crypto-based options continues to unfold. The Nasdaq ISE’s bid to raise IBIT’s position limit to 1 million contracts illustrates a broader ambition to expand trading capability for crypto ETFs beyond the NYSE-anchored venues. As regulators weigh these proposals, the interaction between rule changes, liquidity, and market integrity will be a focal point for investors and issuers alike.

Market participants should also monitor how providers respond to the new FLEX options framework. Customizable terms could unlock nuanced hedging structures that align with institutional risk management needs, but they may also introduce additional complexity that requires careful governance and risk controls.

In short, the current move by NYSE Arca and NYSE American marks a meaningful step toward normalizing crypto ETF options with traditional derivatives markets. If liquidity improves as anticipated, more investors may incorporate crypto ETF options into diversified hedging programs, potentially deepening the role of listed crypto products in mainstream portfolios. The coming months will reveal how the market consumes these changes and whether further regulatory shifts follow.

Readers should keep an eye on trading data for IBIT, FBTC, ARKB, and related Bitwise and Grayscale ETFs as well as any developments from the SEC or Nasdaq ISE regarding contract limits, price-discovery mechanics, and the broader trajectory of crypto derivatives regulation.

Advertisement

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

Source link

Advertisement
Continue Reading

Crypto World

NYSE Exchanges Remove Cap Limiting Crypto Options

Published

on

NYSE Exchanges Remove Cap Limiting Crypto Options

Two New York Stock Exchange-affiliated exchanges have removed the 25,000 contract position limit on options tied to 11 crypto exchange-traded funds.

NYSE Arca and NYSE American each filed three rule changes in the Federal Register on March 10 to remove contract position limits and price discovery restrictions for options linked to Bitcoin (BTC) and Ether (ETH) ETFs listed on their exchanges.

These were acknowledged by the Securities and Exchange Commission on Sunday, with the SEC waiving the standard 30-day waiting period for both sets of proposed rule changes, meaning they are now in effect.

11 crypto ETFs are impacted by the options rules changes on NYSE Arca and NYSE American. Source: SEC

The limits were imposed when crypto ETF options first started trading in November 2024. Limits of this nature are typically imposed to prevent market manipulation and volatility. T

The removal of those limits now puts them closer to how other commodity ETF options are treated, and gives institutions greater trading flexibility while also potentially boosting liquidity and making it easier to enter and exit positions. 

Advertisement

It also allows the crypto options to be traded as FLEX options, which include customizable terms such as non-standard strike prices, expiration dates and exercise styles.

Related: Scaramucci says BTC’s 4-year cycle still in play, forecasts rise in Q4 

A total of 11 crypto ETF options are affected by the rule changes, including BlackRock’s iShares Bitcoin Trust (IBIT), Fidelity’s Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB).

Bitcoin and Ether ETFs issued by Bitwise and Grayscale are also affected.

Advertisement