Morpho (MORPHO) is an efficient Ethereum-based protocol revolutionizing decentralized lending with customizable peer-to-peer and pool-based solutions.

Liquidity pools have revolutionized decentralized lending and borrowing by offering a wide choice of product options and significant liquidity levels. For several years, protocols like 

 (COMP) have been lauded as true innovators that introduced a real game-changer: pool-based lending and borrowing. However, a closer look reveals that things aren’t as efficient and smooth as they may seem within the world of crypto lending. The problem is that lending pools on decentralized protocols often have mismatches between lenders and borrowers, with the former substantially outnumbering the latter. As a result, lenders earn only meager 

s, while borrowers pay exorbitant fees to access funds via these pools. Another critical problem is the lack of customizability in lending and borrowing products, with many protocols adopting a one-size-fits-all approach.

Morpho (MORPHO) is a decentralized protocol on 

 (ETH) that aims to improve the efficiency and flexibility of crypto lending and borrowing by offering a unique model that combines the elements of 

 (P2P) and pool-based matching of lenders and borrowers. To be precise, one of Morpho's essential products, Morpho Optimizers, specifically focuses on P2P matching, with pool-based lending and borrowing used as a fallback option. Morpho also offers users an excellent level of customization for creating new lending markets through its core protocol.

With its innovative lender-borrower matching mechanism and highly customizable and flexible markets, Morpho greatly improves capital allocation and transaction efficiency in the 

 (MORPHO) is an Ethereum-based decentralized lending protocol that offers a unique P2P order matching mechanism to improve the efficiency and affordability of 

 The platform also enables users to create efficient lending markets with highly customizable lending and borrowing parameters. Additionally, it offers a product, Morpho Vaults, for curated lending at varying risk levels.

, a France-based software development company founded in 2021 by Merlin Egalité and Paul Frambot. It's also supported by the nonprofit 

As its first major product, the project launched Morpho Optimizers on the Ethereum blockchain in 2022. Morpho Optimizers is designed as an add-on solution for lending pools on Aave and Compound to help match individual lenders and borrowers. The transacting parties can benefit from a more efficient lending process than with the default pool-based mode.

In January 2024, the project launched Morpho Blue, later rebranded to Morpho, a solution to help users create highly flexible lending markets with custom parameters and options. Morpho acts as the backbone of the Morpho ecosystem, and the project team has turned its focus to promoting and further developing this product. At the same time, Morpho Optimizers remains an integral part of the platform's core offering, albeit in a less prioritized state than Morpho.

The Morpho protocol consists of three main products — Morpho, Morpho Vaults (based on the underlying protocol) and the legacy Morpho Optimizers. Morpho allows users to create individual lending markets by specifying their preferred options for the following key attributes:

All these parameters are highly customizable, with minimal interference from the Morpho governance mechanism. Some parameters do have to conform to certain requirements; e.g., the IRM and LLTV must be from the list approved by the protocol's governance.

Morpho's high level of customizability is a significant departure from the typical model used on decentralized lending and borrowing platforms. On most other protocols, there are fixed parameters governing the lending and borrowing process; e.g., only certain collateral assets, lending assets or LLTV rates are allowed. In contrast, Morpho lets you customize all of these options, giving lending market creators an unmatched degree of freedom. The protocol offers the following key benefits to users, developers and market operators:

While Morpho is currently the platform's flagship product, the legacy Morpho Optimizers continues as a key offering in the platform's product line. Morpho Optimizers are add-on layers to the Aave and Compound lending pools. They can be used to facilitate a peer-to-peer match between lenders and borrowers. Since typical lending pools — including on platforms like Aave and Compound — are often heavily skewed with more lenders than borrowers, both parties end up paying excessive fees. Borrowers have to confront high costs due to the need to service the many lenders in the pool. In turn, lenders fight for the meager scraps left over from insufficient numbers of borrowers.

By using a P2P matching mechanism, Morpho Optimizers effectively takes the lender and borrower away from pool-based interaction and establishes a direct relationship between them. This allows users to borrow assets at cheaper rates, while also delivering better APYs for lenders. If either party withdraws from the direct lending relationship, both parties have the option to use the standard lending pools on Aave and Compound as a fallback.

The platform's third core product, Morpho Vaults (covered in more detail below) utilizes the underlying protocol and provides a way to lend through carefully curated market options at different risk profiles. This can suit lenders who are less proficient in using fully customized markets, but still prefer to take advantage of the lending opportunities offered by Morpho.

In order to create a custom lending market on Morpho, you need to have some technical proficiency and, preferably, knowledge of Solidity, the programming language that the protocol uses for its smart contracts. As noted earlier, developers can create a custom market by supplying five base parameters — a collateral asset, an asset offered for lending, an oracle, a preferred IRM and an LLTV. The first four of these normally require an Ethereum smart contract address to be specified. For the collateral and lending assets, these are the addresses for the tokens' contracts. The selected oracle is also usually established via a pointer to its smart contract address, although oracle-less hard-coded prices for the collateral and lent assets are acceptable. Morpho also maintains Ethereum addresses for each IRM whitelisted by the protocol's governance; developers can use these when choosing a preferred IRM.

The last value, LLTV, is a hard-coded figure that defines the threshold beyond which a loan becomes unhealthy due to its poor 

. Liquidators on Morpho are protocol actors who are incentivized to cover bad debts in return for collateral, similar to the method used on many other lending platforms. They’re allowed to liquidate up to 100% of the debt. In return, liquidators receive the debt's collateral, as well as an additional incentive for their work.

Since Morpho is an oracle-agnostic protocol without a built-in oracle, each market can have its own oracle that sources prices for the collateral and lending assets from external sources. Developers are completely free in that regard, and can even hard-code asset prices for the market if they don't wish to use a price oracle at all. Naturally, an oracle is preferred for maintaining the most up-to-date and dynamic pricing information.

The IRM used is the only base parameter with which developers are somewhat restricted in their choice, as only whitelisted IRMs are allowed for a market. As of mid-November 2024, there’s just one whitelisted IRM that market creators can specify — the 

. This model dynamically adjusts interest rates to maintain the proportion of borrowed funds to supplied funds at close to 90%.

Morpho Vaults are a tokenized vault product that offers curated lending opportunities with varying pre-programmed risk parameters. Each vault is associated with a single loan asset, and can allocate deposits across multiple Morpho markets, thereby leveraging the overall liquidity available on the Morpho protocol. Morpho Vaults suit lenders who prefer predictable risk management over the uncertainty of completely custom markets. Each lender can earn APY rates commensurate with their chosen 

There is no limit on the number of vaults you can open on Morpho. Thus, you might even allocate funds to different vaults with significantly different risk levels to diversify your exposure.

Morpho Vaults' curated nature eliminates the need for users to spend time researching and evaluating individual markets' risk levels and return opportunities, as risk exposure is actively managed by the vault.

Since the vaults are connected to the underlying protocol, and source liquidity from it, they’re dynamically rebalanced, which helps optimize yields. Thanks to their permissionless and immutable nature, the vaults are also completely transparent. Moreover, they’re noncustodial, granting users full control over their deposited assets, which can be withdrawn at any time.

A lender deposits an asset into a Morpho Vault and receives shares of the vault as confirmation of their investment. The vaults themselves are tokenized products utilizing Ethereum's 

 standard, designed to represent tokenized vaults for yield-bearing assets. Each vault may be owned by a 

 (DAO), an individual DeFi expert or some algorithm maintained by a DeFi platform. A vault can be owned by only one entity. The owner may specify additional roles/entities for managing the vault. These roles can include one curator, one guardian and multiple allocators.

The curator is a party who sets certain limits, rules and boundaries for the vault, such as specifying asset supply limitations and enabling/disabling specific markets. Curators are instrumental in maintaining appropriate risk levels for their vaults. Assets that lenders lock in a vault are supplied to the protocol's underlying markets, based on curators' whitelists. There can only be one curator for each vault.

The role of guardian is a key vault position. A guardian protects the integrity and security of the vault. Guardians can revoke any action by the vault owner (or other entities) if they consider it to be against the interests of vault lenders. Each vault can only have one guardian, typically a DAO consisting of vault depositors.

Allocators are protocol actors whose job is to rebalance the liquidity utilized by Morpho Vaults to optimize interest rates and accessible liquidity. An allocator’s job is to rebalance and optimize the total liquidity, either manually or using bots, to best meet the needs of Morpho borrowers.

Morpho Vaults' operations aren't regulated by the protocol's governance mechanism. Each vault owner is responsible for their vault's governance model. Specific roles, such as the curator and the guardian, are designed to help in establishing transparent and secure governance procedures for a vault.

What Is the Morpho Crypto Token (MORPHO)?

The platform's native cryptocurrency, MORPHO, is envisioned as a 

. Holders of MORPHO have the right to participate in decision-making on the platform's future direction, general rules, deployment of smart contracts and allocation of funds from the treasury. Although Morpho promotes lending and borrowing markets that operate with minimal interference from the protocol's governance community, there are some general guidelines and rules through which the community needs to establish certain standards, minimum requirements or whitelists. MORPHO token holders are instrumental in this process.

The original MORHPO token was launched on Ethereum in June 2022 with a supply cap of 1 billion. However, there were limitations to the original token contract that negatively affected its functionality. Specifically, the token wasn't designed to facilitate efficient on-chain voting. As a result of these limitations, the project decided to relaunch the token, now on an upgraded contract. The new reincarnation of MORPHO will offer better functional capabilities, including more efficient on-chain governance processes. 

As of the time of writing on Nov 17, 2024, the project team has yet to deploy the new token. The new MORPHO will also be a supply-capped crypto, with a maximum and total supply of 1 billion. The token's supply distribution shares are shown in the chart below.

 token before its market launch. Bybit Pre-Market Trading is an over-the-counter (OTC) trading platform that provides access to promising new cryptocurrencies before their listings on the Spot market. The key advantage of the platform is the ability to access cryptocurrencies at desirable rates before the broader crypto market affects their prices.

Bybit's carefully designed curation process ensures that only crypto assets with solid potential and fundamentals are whitelisted for Pre-Market Trading. This saves you the time required to investigate each cryptocurrency, and reduces the risk of investing in scam projects. Naturally, you’re also encouraged to 

 on crypto assets you might consider purchasing through Bybit Pre-Market Trading.

Morpho represents a unique and potentially highly effective approach to DeFi lending and borrowing. The platform's facilitation of isolated and highly customizable lending markets gives DeFi users unmatched freedom in terms of choice and variety. In addition, users who prefer the stability of curated and well-defined risk profiles can take advantage of Morpho Vaults for more predictable yields. The use of the overall underlying protocol liquidity along with entities such as allocators makes Morpho Vaults particularly effective at optimizing lending and borrowing costs.

While custom lending markets launched via the protocol are now Morpho's key focus, the legacy Morpho Optimizers also continue to offer value. P2P matching of lenders and borrowers as an add-on to the standard pool-based mechanism is a functionality many DeFi users will find helpful. Morpho Optimizers can offer lenders and borrowers active on Aave and Compound an alternative and highly effective way of conducting their operations.

With this arsenal of innovative and unique products, the Morpho protocol is quickly shaping up as a leading platform in the lending niche of the DeFi industry.

Advanced

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Morpho (MORPHO): Leading Efficient, Permissionless Crypto Lending

Puff is a meme coin with a dragon-based theme. It uses a gamified mechanic for distribution and is based on the Ethereum blockchain. Learn more here.

 are designed solely for entertainment, so they can have a lot of unusual and creative features. One example of the interesting applications of meme coins is Puff. This fun coin aims to attract users by adding elements of story and gamification to its design. If you're interested in learning about Puff and seeing why it's so popular lately, check out this guide.

 is a meme coin with a dragon-based theme. It uses a gamified mechanic for distribution and is based on the 

 blockchain. It encourages users to engage in its ecosystem by following along with Puff the Dragon's storyline.

mETHLab is an Ethereum-based lending and borrowing protocol. It's fixed-term and fixed-rate, with no forced 

 of collateral. Users can supply PUFF or mETH tokens and borrow mETH or USDe against these tokens.

 for the mETH Protocol. Users who hold mETH or participate in certain parts of the Puff the Dragon ecosystem can acquire points that will be converted to COOK. People can also acquire COOK by burning PUFF.

Puff aims to attract users with a novel approach to meme coins and lending. Its ecosystem takes the trending 

 ideas of gamification and storytelling and applies them to its products. For example, instead of simply borrowing on the mETHLab protocol, users are encouraged to "cook with Puff the Dragon in the mETHLab." The creators hope this adds a little extra fun and enjoyment that makes people more interested in working with their system.

As the dragon's origin story explains, Puff is also attempting to combine two opposing viewpoints into its ecosystem. Puff the Dragon is a "black and gold dragon" that is part chaos and part lawful order. Similarly, Puff's ecosystem tries to combine the regulation of 

. Unlike other ecosystems that either “play it safe” or focus on experimentation, Puff hopes to combine the two concepts into one system.

 network. All of its features are run through Ethereum’s system, so the project is reliable and secure. However, its secondary layer operates parallel to the main network, so it’s more scalable and features lower fees than Ethereum’s. The full ecosystem is accessible through the project's online website. This helpful interface guides people through staking, borrowing and lending Puff's digital assets in a fun, gamified manner. Unlike with traditional exchanges, the videos, cartoon assets and entertaining visuals are used to create a gamelike, fantasy feel.

The Puff the Dragon project offers far more than just a single, tradeable meme coin. Once you get involved in its ecosystem, you can access all of these exciting features.

The Puff Penthouse is where fans of Puff the Dragon can interact with the whole ecosystem. Users can stake and burn PUFF tokens, or send tokens to the mETHLab through this interface. It features many adorable and intriguing pieces of 3D art that add to the Puff lore.

 within the Puff the Dragon ecosystem. Each NFT features an individualized rendition of the project's dragon. There are currently 8,888 NFTs, ranked according to rarity. The rarest level, Legendary Puff Dragons, has 388 different variations.

Mystic Potions are another set of NFTs within the ecosystem. They come in red, green, blue and other colors, and can be used to mint Puff NFTs. There are 8,888 Mystic Potions, each one a 

. Only original ecosystem users are able to receive a Mystic Potion, but if desired, they can convert it to a Puff NFT and sell it.

PUFF is the main token of the Puff the Dragon ecosystem. In addition to trading like a standard meme coin, it can also be used for staking and lending. PUFF has a total supply of 888.888888 million tokens, 

 are indefinitely locked. Tokens will be distributed as follows:

The PUFF token has undergone plenty of price fluctuation since it was released. Shortly after its launch in April 2024, the coin shot up to an 

. However, as user interest waned, its price dropped to an ATL of $0.03 in September 2024. Nevertheless, there’s still a lot of interest in trading the token. Its price is back up to $0.0947 as of Nov 18, 2024, and many traders are bullish.

Analysis of market conditions from DigitalCoinPrice suggests a slightly different story: a small price decrease of around 2% to 5% in the upcoming weeks before rising in value as 2025 approaches. According to DigitalCoinPrice, by 2025 Puff 

, and by 2030 the token may be worth up to $0.54.

Looking to trade Puff tokens? Bybit now offers the PUFF/USDT Spot trading pair. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

PUFF is an exciting project that's gotten a lot of interest recently. Thanks to its charming story and blend of helpful features, PUFF has done a great job of maintaining user engagement. The coin's trading volume is also fairly stable. This is a token worth investing in if you enjoy seeking out underrated yet promising meme coins.

 toward Puff the Dragon's design. Some feel that the coin's tokenomics and general structure keep it from being a true meme coin. Instead, they suggest that the coin is operating more like a web3 yield-farming system, but is using the meme coin label to get away with lax regulation and an imprecise road map. This doesn't necessarily mean the coin is doomed to failure, but it does mean you might want to look at it more critically than you might regard other meme coins. Since volatility is inevitable, it's essential to use 

 strategies such as portfolio divestment before buying PUFF.

Puff (PUFF) is an intriguing model of a meme coin that uses features besides memes to attract users. By creating a gamified staking and lending mechanism, Puff hopes to capture users' attention and get them invested in its dragon-themed storyline. Though this project still needs to prove that it can attract more fans, it's on the way to generating significant levels of interest. 

Intermediate

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Puff (PUFF): Entering the Magical Realm of Puff the Dragon

As Bitcoin's dominance persists, emerging regulatory clarity may catalyze a resurgence in altcoins, particularly for platforms like Ethereum and Solana, which are poised to benefit from a pro-crypto environment.

: Donald Trump’s election signals a pivotal shift in cryptocurrency policy, moving from skepticism to advocacy, which may redefine the regulatory landscape.

: The election result triggered immediate and substantial reactions in the crypto markets, particularly evident in Bitcoin's price surge, reflecting heightened investor optimism.

: A Republican-controlled U.S. Congress could lead to clearer and more favorable regulations for digital assets, fostering innovation and investment in the sector.

: As Bitcoin's dominance persists, emerging regulatory clarity may catalyze a resurgence in altcoins, particularly for platforms like Ethereum and Solana, which are poised to benefit from a pro-crypto environment.

Donald Trump’s re-emergence as the “crypto president” represents a dramatic turnaround in his relationship with the cryptocurrency sector. Once a vocal critic, his 2024 campaign embraced Bitcoin, positioning it as central to his economic strategy. This transformation can be attributed to the substantial financial contributions from crypto firms, which played a crucial role in his campaign, underscoring the industry's growing political influence. By vowing to make America the “crypto capital of the planet,” Trump not only appeals to a burgeoning voter base invested in digital assets, but also aligns himself with the interests of powerful crypto stakeholders. This shift could fundamentally alter the regulatory framework governing cryptocurrencies, potentially easing restrictions and fostering an environment more conducive to innovation.

The immediate aftermath of Trump’s victory was characterized by significant volatility in the crypto markets, particularly with Bitcoin (BTC) experiencing a sharp rally from approximately $70K to nearly $90K. This movement was not merely speculative; it reflected a broader alignment of market sentiment with political outcomes. The use of on-chain prediction markets such as Polymarket illustrated how traders adjusted their positions in real time based on election developments. As Trump's victory appeared more likely, BTC’s correlation with these prediction markets intensified, showcasing a direct link between political events and crypto valuations. This responsiveness highlights the increasing intertwining of traditional financial markets with crypto as investors seek to leverage political insights to inform their trading strategies.

Regulatory Outlook and Congressional Influence

With a Republican majority in both chambers of the U.S. Congress, the potential for significant regulatory reforms in the cryptocurrency space is heightened. Historical context reveals that previous efforts, such as the FIT21 Act, aimed to delineate the regulatory authority over digital assets, although it faced challenges in legislative passage. However, the current political landscape, coupled with substantial financial backing from crypto-friendly Super PACs, sets the stage for a more favorable regulatory environment. The election cycle demonstrated the effectiveness of targeted political spending in reshaping legislative priorities, particularly in key Senate races. 

As newly elected officials take office, their pro-crypto stances could lead to expedited discussions and potential passage of critical regulatory frameworks, thereby reducing ambiguity and fostering a more robust investment climate.

While Bitcoin continues to dominate the market narrative, the potential for altcoins to gain traction is significant, especially in light of a supportive regulatory environment. Historical patterns suggest that Bitcoin's dominance often peaks during bull markets, followed by a capital rotation into altcoins as investors seek higher returns. The recent surge in Bitcoin's price has overshadowed altcoins, and yet the incoming administration's pro-crypto posture may catalyze renewed interest in platforms like Ethereum and Solana. These networks, which facilitate smart contracts and decentralized finance (DeFi) applications, stand to benefit from increased investment as regulatory clarity emerges. The influx of capital into altcoin markets could be accelerated by the anticipated legislative focus on fostering innovation within the cryptocurrency sector, marking a potential shift in market dynamics as investors diversify their portfolios beyond Bitcoin.

In conclusion, Trump's presidency heralds a transformative period for the cryptocurrency landscape, characterized by potential regulatory clarity and increased market participation. As the political and financial realms converge, stakeholders in the crypto ecosystem must remain attuned to the evolving landscape, ready to adapt to new opportunities and challenges that arise in this dynamic environment.

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Bybit x Block Scholes Institution Report: Takeaways From the U.S. Election and What to Look For Next

Nansen has partnered with TRON DAO to integrate the TRON network into Nansen V2, enhancing on-chain analytics for the TRON ecosystem. 

Daily Top Performer — Virtuals Protocol (VIRTUAL)

The S&P 500 climbed 0.4%, driven by a nearly 5% surge in Nvidia shares ahead of its highly anticipated earnings report, which lifted market sentiment despite ongoing geopolitical concerns.  Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.15%, with Bitcoin rising by 1.13% and Ether dropping by 1.62%, in the past 24 hours.

Today's top performer is VIRTUAL, which surged 5.2% after the launch of Agentstarter, empowering founders to build successful AI agents with Virtuals Protocol.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. Virtuals Protocol introduces 

, an AI agent launchpad offering funding, development support, and distribution for creators. It aims to help founders build successful AI agents within a thriving ecosystem and long-term incentive structure.

Check Out the Latest Prices, Charts, and Data of 

 to integrate the TRON network into Nansen V2, enhancing on-chain analytics for the TRON ecosystem. This collaboration aims to provide developers, users, and projects with valuable data to foster growth and innovation. The integration will offer advanced features like Token God Mode, Wallet Profiler, and Smart Alerts, helping optimize decentralized applications (DApps) and improve transparency within the community. TRON’s high-speed, low-cost blockchain infrastructure will benefit from these enhanced analytics to further empower the ecosystem.

Yesterday, total inflows into BTC Spot ETFs amounted to $600.3 million, with $16.2 million coming from GBTC and $584.1 million from non-GBTC sources.

 allows users to earn XP for transactions, quests, gas fees, and referrals in its wallet. XP, while offchain, is tied to wallet addresses and used to level up and unlock exclusive rewards. Key features include free transactions on the ZERϴ Network, daily quests, and retroactive XP for active wallets before mid-October. Rewards enhance the onchain experience but are non-transferable. The program encourages bridging assets to ZERϴ and active participation to maximize XP and rewards.

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Nansen Partners with TRON DAO to Enhance On-Chain Analytics for TRON Ecosystem

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Altcoins

Trias is an advanced all-platform development and collaborating ecosystem designed to improve trust in computerized machinery and software. Learn more here.

In the 1950s, a binary computer known as the IAS Machine was created. With 40-bit words, each capable of 20-bit instruction storage, its memory added up to 1,024 words for a total of 5.1 kilobytes. As the first machine of its kind, it was a marvel to behold and it represented not only a new peak in human intelligence but also set a progressive standard for the total projected computing power of human civilization well into the future.

Over the last half a century or more, the rapid advancement of machine intelligence has outpaced projections based on the abilities of the IAS Machine. In recent years, the compounding computational power of innovations like Big Data, Cloud Computing, AI and the Internet of Things (

) has driven the rate of technological development beyond what anyone could have reasonably anticipated.

In this era of exponential technological growth, Trias emerges as a groundbreaking solution to meet the evolving demands of the digital landscape. Inspired by the revolutionary capabilities of the IAS Machine and recognizing the accelerated pace of modern computing, Trias aims to redefine the boundaries of decentralized cloud infrastructure.

Building upon the remarkable achievements of the past, Trias harnesses the power of the abovementioned cutting-edge technologies. By integrating these advancements into its full-stack architecture, Trias is at the forefront of enabling all-scale applications, paving the way for a future where innovation knows no bounds.

Trias-lab Foundation (Trias) is an advanced all-platform development and collaborating ecosystem designed to improve trust in computerized machinery and software.

 It achieves this through a three-fold architecture that mimics the longstanding human systems of organizations that have been recognized the world over for achieving new heights in trust, reliability and fairness.

The Trias concept and architecture were developed by Anbang Ruan. With a doctorate in computer security from the University of Oxford, he’s uniquely qualified to produce cutting-edge trust-enhancing technology, such as Trias. In addition to his educational background, Dr. Ruan has more than a decade of hands-on experience in trusted computing, cloud security and cryptography, and has published over 20 highly referenced academic papers and a handful of 

The other core members of the Trias-lab team include graduates from Oxford, London School of Economics, Tsinghua University and other top institutions of higher learning known for producing leaders in economics and computer science. The core Trias team includes members with expertise in aerospace, finance, mobile communications, cloud computing and online commerce.

This world-class team of experts in a spectrum of relevant fields is composed of more than 70 core members, with over 50 engineers and more than 20 Ph.D. and masters graduates. Their collective research and development resources are housed in three different facilities in Beijing, Tokyo and Hangzhou.

The complexity, power and unpredictability of modern computerized systems have made trusting these systems problematic. Furthermore, the ability of bad actors to exploit advanced computing systems has driven trust to record lows.

In economics, we understand the value of trust as the source of all monetary value. When we understand the current price of any given currency, we can get a feel for how much trust exists in the economy within which it is used. Without trust, no unit of currency can transmit the value of work in a meaningful way; and the systems we use, the organizational networks we rely on and the goods/services we exchange become unusable. Partnerships break down, contracts become worthless and laws become unenforceable. Even in the simplest and most naturalistic economies, nothing functions without trust.

In the absence of trust in machine-driven economies, these problems are compounded. When the machines we rely on for productivity are seen as untrustworthy, we suddenly view ourselves as being surrounded by useless and dangerous junk.

Thinking about a lack of machine trust in this way is, admittedly, an exaggeration. However, there’s always an underlying lack of trust in every interaction between human beings and machines. Even when this distrust is marginal, productivity suffers, bad actors are encouraged and value is lost. But suppose we could create a world where the trust we have in our machines were complete and perfect. What would such a world look like?

The creation of systems capable of eliminating this lack of trust has to start by recognizing the forms this mistrust takes. TRIAS (Trustworthy and Reliable Intelligent Autonomous Systems) is designed around a set of problems, with the 

This simplified list of the problems associated with a lack of trust in computerized systems gives us a solid development framework from which to understand the advantages of truly reliable intelligent autonomous systems — which then begs the following question:

TRIAS is a smart contract execution platform, development framework and collaboration ecosystem that’s native application compatible. It’s also supported across multiple platforms. This means it works seamlessly across servers, is compatible with multiple computer types and integrates with mobile systems, the IoT and more. In short, the first task of TRIAS is to overcome comparability issues, and it does this remarkably well.

There are three layers to Trias’s architecture: Leviatom, Prometh and MagCarta.

The heart of Leviatom is a heterogeneous consensus graph (

) algorithm. This is a tool that eases decision-making, which is critical for cryptocurrency traders who hope to make meaningful gains. The 

 creates uniformity so that collaboration is more predictable and reliable.

 (TEE), which further stabilizes processes and establishes trust across platforms using remote affirmation. This is a process of thorough integrity checks and ID authentication that provides a reliable status report to verifiers.

All Leviatom nodes run a process that requests a randomly selected node in the network to start its own trusted affirmation challenge in accordance with the working state of the network. Users can confirm whether or not they meet the requirements of joining the system, or persistently verify their TEE status and prove the credibility of their work in real-time.

Finally, the HCGraph builds a collaboration default model of global nodes. This locates "lying" nodes that are difficult to pin down, while cooling and removing untrusted nodes. Leviatom implements a trusted execution of a randomized native code based on a sample of these "lying" nodes. All of this has the effect of further improving consensus efficiency.

The second Trias layer, Prometh, provides formal verification and securitizing methodologies to deliver verifiable and traceable software development for general purposes. Simultaneously, the third layer, MagCarta, achieves and embeds a self-defined consensus strategy for high-level enterprise app development.

For the deepest thinkers among Trias token holders, it’s clear that the technology is based on a model that has produced the largest measurable trust gains ever recorded. The technology neither models nature nor other computing systems. Rather, Trias models the world's most stable, celebrated and enduring democratic system of government, as follows:

Decentralized, global trusted computing execution software to ensure accurate and reliable development.

Decentralized traceable, development and distribution framework software ensuring accurate composition and construction.

A consensus-centric development framework and global-use contract economy for the orchestration of resources and components to manage cost/benefit ratios.

, a decentralized entity of Trias-lab, aims to revolutionize the auditing/testing process in the crypto world. It adopts an innovative, community-driven approach, focusing on transparency and accessibility. Key features include real-time verification across crucial dimensions such as security and scalability, coupled with a user-friendly, game-like interface. This system empowers users to interact, test and even attack the testnets while earning rewards.

In addition, Triathon embodies a “play to build” philosophy, giving project creators a platform to translate their ideas into reality. Creators can design NFTs and launch their projects for real-time testing and community evaluation.

Finally, Triathon Market extends the ecosystem’s functionality, allowing you to trade NFTs or tools used during testing. It includes an auction function for rare NFTs and user-created items. The platform also allows token exchanges and houses a launchpad for new projects. The fluctuation of the exchange rate gives an indication of user sentiment toward projects and token liquidity.

As you can see, each Trias core is designed as part of a system of checks and balances that achieves unprecedented levels of trustworthiness. No single core within the system can take its routines too far before one (or more) of the others puts it in check.

In human institutions, this type of architecture results in a system that’s painfully slow, yet protects the rights of the individual better than anything that has come before it. When integrated into an intelligent computing system, this structure constitutes a system that merits never-before-seen levels of trust, without the productivity bottlenecks of analog systems.

TRIAS is the native token of the Trias ecosystem. There’s a total supply of 10 million TRIAS tokens, distributed according to the following allocation:

As of Jun 8, 2023, the TRIAS token is valued at $3.84 and has a market cap of $19.1 million, a 24-hour trading volume of $1.6 million and a circulating supply of 5 million.

The price of TRIAS has fluctuated wildly over the past few years. It first launched at $1.18 on Feb 17, 2021 before increasing sharply to its ATH of $31.70 on May 9, 2021, attributable to a few factors: TRIAS’s migration to BSC, the launch of 

 and TRIAS’s launch on PancakeSwap. Soon after, TRIAS price dropped to just $2.68 by the middle of July 2021. 

 was released, resulting in a price rally and increase in value to $10.44. Its price hit another peak in November 2021 after the launch of the Triathon Market, where users could purchase and sell Triathon NFTs. As crypto began to enter a bear market, the price of TRIAS fell just like all other cryptocurrencies in 2022. This decline was exacerbated following the 

, causing TRIAS to drop to a price of $1. Toward the end of 2022, TRIAS started seeing a slight increase.

 are bullish on TRIAS, with a 2023 forecast of $4.82. They believe that its price will continue to rise to $10.67 in 2025, $32.91 in 2028 and $65.79 in 2030.

 also believe in the growth potential of TRIAS, though they’re more positive in the short term, predicting that TRIAS’s price will reach $8.09 by 2023, $13.19 by 2025, $20.11 by 2028 and $38.51 by 2030.

While Trias is best known for its robust circulating supply and the consistently bullish appraisal of its token, it’s best understood as a generalized, trust-boosting intelligent autonomous system. Its purpose — and the goal of the team behind it — is to solve principal issues of trust in machine-human relations.

While this vision has been and will continue to be verifiably accomplished with the TRIAS token, the capabilities of its triple-layer system of checks and balances have value across all computing platforms. The ultimate promise of its architecture is to stabilize automated systems of every type and kind.

Beyond systems and software associated with information technology, Trias has the potential to improve trust in the performance of all automated systems, including but not limited to:

Indeed, the potential number of applications for Trias is unlimited. Based on this factor alone, supporters of the technology have a strong argument for the merits of this one-of-a-kind development framework. 

While projections based on these assertions are speculative, they remain compelling. What's more, investing in the TRIAS token isn’t just an investment in an experimental currency: it’s an investment in the future of the only technology currently in development that promises to virtually eliminate discrepancies in trust between humans and machines.

Objectively, the coin's circulating supply remains strong. Its price at the time of this writing marks it as a trading piece to be watched. But that's just the surface explanation behind the bullishness of its enthusiasts. 

While the TRIAS token has a long way to go before it achieves the notoriety enjoyed by tokens like Bitcoin and Ethereum, the technology that underlies it is more than reason for optimism. With the expertise of Dr. Ruan and his unequaled team of experts, in-the-know traders remain confident in the future of the Trias token.

Indeed, as we rush head-on into the age of artificial intelligence, technologies like Trias just might be the one thing that saves us from the futuristic nightmare scenarios that have been haunting our dreams for over a century.

Trias (TRIAS): Building Intelligent Autonomous Systems

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