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Entangle

Entangle Use Cases

Entangle is designed to solve several key problems in the DeFi (Decentralized Finance) space, particularly focusing on liquidity issues. Here are some of its main use cases:

1. Solving DeFi Liquidity Issues

• Limited and Fragmented Liquidity: Entangle addresses the issue of limited and fragmented liquidity in DeFi by providing a liquidity sub-layer that connects to various blockchains, both EVM (Ethereum Virtual Machine) and non-EVM. This allows for the free movement of cross-chain liquidity.
• Synthetic Vaults: Entangle's synthetic vaults enable users to create synthetic versions of any yield-bearing asset. For example, users can synthesize their LP (Liquidity Provider) tokens, receiving synth-LP tokens that are backed 1:1 by the actual LP tokens. This allows for additional DeFi actions with the synth-LP tokens.

2. Distributed Oracle Solution

• Data Storage and Validation: The Entangle blockchain stores information for its distributed oracle solution and validates oracle messages. This is crucial for providing real-time data feeds that are essential for various DeFi applications.
• Cross-Chain Compatibility: Entangle's oracle solution is designed to work across multiple blockchains, making it versatile and adaptable for various DeFi projects.

3. Financial Applications

• Lending and Borrowing: Entangle's Universal Data Feeds (UDF) can be used to provide real-time data for lending and borrowing platforms, ensuring accurate collateral valuation and timely liquidations.
• Options and Futures: The UDF can also be used to dynamically set funding rates and settle agreements in advanced financial instruments like options and futures.
• Decentralized Exchanges: Entangle's UDF can concentrate liquidity around market prices, improving capital efficiency and enhancing the trading experience.

4. Real-World Assets (RWAs)

• Integration of Off-Chain Data: Entangle's UDF seamlessly integrates off-chain real-world data with smart contracts, allowing for the accurate representation and management of RWAs on-chain.
• Tokenization of Assets: Entangle is working on providing tokenized versions of real-world assets like T-Bills and commodities, leveraging its secure and reliable data feeds.

5. Stablecoin Protocols

• Price Monitoring: Entangle's UDF provides real-time market prices for collateral assets, ensuring that stablecoin protocols can accurately calculate collateral value and maintain the required collateralization ratio.
• Dynamic Supply Adjustments: The UDF can also be used to adjust the supply of algorithmic stablecoins based on market conditions, helping them maintain their peg to the target value.

6. Additional Utilities

• Staking and Revenue Sharing: Entangle's token, NGL, can be staked to earn revenue and participate in the governance of the Entangle DAO.
• Arbitrage and Financial Management: NGL can also be used for arbitrage by trading on exchanges and generating income through staking and lending.

For more detailed information, visit the official Entangle website: https://www.entangle.fi/

Pros of Entangle

• Flexibility and Scalability: Entangle offers a flexible system that is free from restrictive infrastructure and excessive fees, allowing developers to create fully customizable data feeds tailored to their specific needs.
• Interoperability: Entangle's blockchain is designed to be blockchain-agnostic, enabling seamless data integration and computation across all leading smart contract-enabled blockchain networks, supporting both EVM and non-EVM environments.
• Liquidity Management: Entangle's Liquid Vaults enhance liquidity management by automating the liquidity provision process, making it easier for users to engage in yield farming and staking strategies across chains.
• Cross-Chain Communication: Photon Messaging facilitates widespread cross-chain communication, ensuring efficient data flow between different blockchain networks without barriers.
• Cost-Effective: Entangle's pull-based architecture minimizes costs by only fetching data when needed, making it a cost-effective solution for various applications, including reserve reporting and stablecoin management.

Cons of Entangle

• Complexity: The advanced features and interoperability capabilities of Entangle may present a steep learning curve for some users, potentially limiting its adoption by a broader audience.
• Dependence on NGL Token: The functionality of Entangle relies heavily on its native NGL token, which could lead to volatility and dependency issues if not managed properly.
• Integration Challenges: Integrating Entangle with existing blockchain ecosystems and applications might require significant technical adjustments, which could be challenging for some projects.
• Market Competition: Entangle operates in a competitive market, where other projects may offer similar solutions, potentially making it harder for Entangle to stand out and gain widespread adoption.
• Regulatory Uncertainty: As with many blockchain projects, Entangle may face regulatory challenges and uncertainties, which could impact its long-term viability and success.

Founders of Entangle

• C. Faisal Mehrban: Founder and CEO of Entangle. Mehrban has extensive experience in various industries, including blockchain, finance, and technology. Prior to founding Entangle, he worked at Credit Suisse as a RegTech Program Lead and Blockchain Advisory, and held positions at Digital Asset Investment Fund, Barclays, and Deutsche Bank. He also served as a Founding Advisor and Board Director at DisruptionX, a blockchain-integrated game publishing platform.
• Slava Korolev: Co-Founder and Chief Innovation Officer of Entangle.
• Nikita Balakin: Chief Technology Officer (CTO) of Entangle.

Entangle Investors

Entangle is backed by a diverse group of investors including:

• Big Brain Holdings
• Launch Code Capital
• Istari Vision
• LBank Labs
• Skynet EGLD Capital
• Cogitent Ventures
• Owl Ventures
• Faculty Group
• Seier Capital
• 1NVST
• Sharding Capital
• Agnostic
• Castrum Capital
• Terra Nova
• Nxgen
• MH Ventures
• Contango
• Crypto Times
• CSP DAO
• OIG
• Zephyrus Capital
• Blockhub DAO
• Offbeat
• SolrDao

These investors have contributed to Entangle's funding rounds, supporting its mission to develop a fully customizable cross-chain interoperability and data infrastructure.

No, the halal status of Entangle cannot be determined without further information on its specific activities and compliance with Sharia principles. However, general guidelines suggest that a crypto token is considered halal if it serves as a medium of exchange or commodity with real-world use, avoids excessive speculation, and does not involve interest (riba) or excessive uncertainty (gharar).

Key Considerations for Halal Crypto

• Medium of Exchange: The token should facilitate the purchase of goods and services or power a legitimate blockchain economy.
• Commodity: It should have real-world use and not be primarily speculative.
• Avoidance of Riba: No interest should be generated without productive economic activity.
• Avoidance of Gharar: The token should not involve excessive uncertainty or volatility that could lead to unfair outcomes.

Examples of Halal Cryptocurrencies

• Bitcoin (BTC): Serves as a medium of exchange and has real-world use.
• Ethereum (ETH): Powers a legitimate blockchain economy and has various practical applications.

Further Guidance

For a definitive answer on Entangle, it is recommended to consult with Islamic scholars or financial advisors who can assess its specific activities and compliance with Sharia principles.