VANCOUVER, BC, June 28, 2022 /CNW/ – Liquid Meta Capital Holdings Ltd. (“Liquid Meta” or the “Company”) (NEO: LIQD) (FRANKFURT: N5F) is a decentralized finance infrastructure and technology company focused on bridging the gap between traditional and decentralized finance today announced an update on Reopening of the Ronin Bridge.
Liquid Meta Logo (CNW Group/Liquid Meta Capital Holdings Ltd)
Liquid Meta previously announced a security breach in which Sky Mavis’ Ronin validation nodes were compromised, resulting in 173,600 Ethereum and 25.5 million USDC is lowered from the Ronin Bridge April 1st2022. We are pleased to report that none of our exposures to the Ronin Network security breach resulted in a reduction in our capital base and we have been able to continue to collect fees from the liquidity pools that we maintain for the entire duration the bridge have dismantled closure.
Heaven Mavis announced that the Ronin Bridge is officially open and ready for use. Users, including liquidity providers like Liquid Meta, can now easily deposit and withdraw to and from the Ronin (RON) network.
“The team at Ronin Network, Heaven MavisInvestors, network users and connected DEXs responded quickly and efficiently to the April security breach,” he said Jonas Wiesblatt, CEO of LiquidMeta. “Our team continued to work on the DEX where we were exposed, accumulating return for the entire time the bridge was offline. Additionally, our proprietary hedging strategies were able to isolate Liquid Meta’s exposure to the decline in asset valuations of tokens used for mining Liquidity on the DEX. Liquid Meta’s technology platform and experienced team were quick to respond and make the appropriate adjustments, resulting in the preservation of our risk capital and the continued collection of returns on DEX operations. Liquid Meta, including an active hedging platform, robust risk management and analysis of all blockchains, DEXs and liquidity pools is and will remain consistent across all of our liquidity mining operations.”
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Mr. Wiesblatt continued, “Crypto markets have seen a significant deleveraging environment since late 2021. Liquid Meta has navigated this environment well and remains focused on generating stable and consistent returns in DeFi while preserving its capital base and balance sheet. The Company remains in a solid position to grow its liquidity mining operations and increase shareholder value.”
About liquid meta
Liquid Meta is a decentralized financial infrastructure and technology company driving the next generation of open access protocols and applications. The company bridges the gap between traditional and decentralized finance while ushering in a new era of financial infrastructure that benefits everyone, everywhere.
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Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this press release. Any statement that involves discussions regarding predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always, phrases such as “expects” or “does not expect”, “expected”) , “expects” or “does not expect”, “plans”, “budgets”, “planned”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or an indication that certain actions events or results that “may” or “could”, “would”, “could” or “will” occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Liquid Meta’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the heading “Risks and Uncertainties” in the Company’s statement dated January 1, 2018 December 17, 2021 which is available on SEDAR at www.sedar.com. The forward-looking statements contained herein are made as of the date of this press release and, except as required by law, Liquid Meta disclaims any obligation to update any forward-looking statements, whether as a result of new information, results, future events, circumstances or if the estimates or opinions of the Management should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on any forward-looking statements.
Liquid Meta’s operations could be materially adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of the disease caused by COVID-19. It is not possible to accurately predict the impact of COVID-19 on operations and the ability of others to meet their obligations, including uncertainties related to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the Travel duration and quarantine restrictions imposed by the governments of the countries concerned. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could affect the economies and financial markets of many countries, leading to an economic downturn that could further affect operations and the ability to fund its operations.
For more information:
Jonas WiesblattPresident and CEO
Liquid meta
[email protected]
[email protected]
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SOURCE Liquid Meta Capital Holdings Ltd
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