Visblog

Aqua Protocol is making waves in the Decentralized Finance (DeFi) world, specifically within the TON (The Open Network) ecosystem. But what exactly is it, and why should you care? What is Aqua Protocol? Aqua Protocol is a borrowing and lending protocol built on the TON blockchain. It offers a unique set of features designed to make DeFi more accessible and user-friendly. Here's what makes it stand out: AquaUSD Stablecoin: At the heart of Aqua Protocol lies its own stablecoin, AquaUSD (USD₮). This decentralized stablecoin is pegged to the US dollar and is over-collateralized by 200%, meaning its value is backed by more than enough assets to ensure stability. Fixed Fees: Unlike other DeFi protocols where fees can fluctuate, Aqua Protocol boasts fixed fees, offering predictability and transparency for users. Easy Entry Point: Aqua Protocol aims to simplify DeFi for newcomers. It acts as a gateway to various DeFi strategies, allowing users to participate in: Liquidity Provision: Earn r...

The Court of Appeal has scheduled Thursday, July 4, to deliver the long-awaited judgment in the case between Martins Amaewhule-led lawmakers and Victor Oko-Jumbo-led legislators. It was gathered that the outcome of the judgment would significantly settle the political imbroglio in Rivers and reduce tension in the state. The matter scheduled for judgment was listed as the only event in the cause list for Thursday by the Court of Appeal Abuja Judicial Division. The appeal was based on the Interlocutory Injunction of the High Court sitting in Port Harcourt, which recognised Victor Oko-Jumbo as the Speaker. Justice Charles Wali of the State High Court also ordered Amaewhule and 24 others to stop parading themselves as speaker and lawmakers of the State House of Assembly. But Martins Chike Amaewhule and 24 other lawmakers, approached the Court of Appeal praying it to vacate the order to allow them to return to their functions as the State lawmakers. The Court of Appeal in Port Harcourt, whi...

Schools in White Sand Estate, Isheri-Osun in the Alimosho Local Government Area of Lagos State, have closed their doors, advising students to stay at home as heavy rains and subsequent flooding have disrupted activities. White Sand Estate is one of the hardest-hit locations in Lagos, frequently experiencing severe flooding. Wednesday’s downpour rendered homes flooded, with water reaching mid-level heights inside residences. This severe flooding has left many residents trapped, unable to even sit down as their living spaces are submerged. In response to the flooding, a school located in the area (name withheld), sent messages to pupils, advising them to stay at home due to the hazardous conditions of the roads and the school. The message read, “Good morning dearest parents. Trust your night was splendid. Due to the downpour and a predicted serious rainy weather forecast today, we have decided to close the school and postpone today’s exam. As you can see, almost everywhere is flooded. “A...

  The Lagos Zonal Command of the   Economic and financial crimes commission EFCC, has secured the conviction and sentence of two internet fraudsters, Rauf Rokeeb Abayomi and Odeh Godspower, before Justice Dehinde Dipeolu of the Federal High Court sitting in Ikoyi, Lagos.   The suspects were arraigned on June 28, 2024, on separate charges bordering on internet fraud, contrary to and punishable under Section 22(3) of the Cybercrimes (Prohibition, Prevention etc) Act, 2015.   The charge against Ayobami reads: “That you, Rauf Rokeeb Ayobami (a.k.a Nasty Anabella), on or about the 10th day of May, 2024 in Lagos, within the jurisdiction of this Honorable Court, directly made a false statement, wherein you held yourself out as a white woman by name "NASTY ANNABELLA" on your Facebook Account, knowing same to be false and with intent that the representation is relied upon for the purpose of procuring the issuance of financial instrument to yourself and thereby committed ...

Senate President, Godswill Akpabio, in another public gaffe on Tuesday, said nobody would recognise Nigeria again by the time President Bola Tinubu completes his “seven years” in office, obviously gifting the latter a second term.  Akpabio weeks ago had said the old Nigerian national anthem was responsible for heightened banditry and insecurity in the country.  In his latest address, Akpabio on Tuesday told Nigerians not to worry about the challenges facing Nigeria but only pray for the success of the Tinubu’s administration, saying it would pay off in the next seven years. Speaking during the flag-off of the Kugbo Bus Terminal in Abuja on Tuesday, Senator Akpabio said, “I have no doubt that by the time the president is through with his tenure in the country, seven years from today, many people will not recognise FCT, they will not recognise Nigeria again. “So, all I can say is: let us continue to pray for him and be hopeful that the challenges you see today, tomorrow, you wil...