DeFi Wrap-Up by YieldBay
Here you go sailors, a weekly Dotsama DeFi update with a list of the highest APR yield farms.
Disclosure: This content is for informational purposes only, and you should not make decisions based solely on it. This is not investment advice. Please exercise extreme caution if you intend to participate in any listed opportunity.
1. The first cross-chain dedicated stablecoin AMM and farming center on Astar and Polkadot!
Sirius Finance is the first Polkadot-native dedicated stablecoin AMM on Astar Network. Their mission is to provide a stable, highly liquid trading platform for stablecoins, deep liquidity for connected protocols, attract and lock tremendous value to facilitate more innovations and collaborations for Astar and Polkadot.
2. xcKAR went live on Moonriver and MOVR went live on Karura
xcKAR (an XC-20 representation of the KAR token) can be used across Moonriver’s active DeFi ecosystem! XC-20s are a new type of interoperable token that conforms to the ERC-20 standard but are also Substrate-native assets!
MOVR can be used on Karura and will be listed on KaruraSwap in the coming days and will be considered as a future supported collateral type for minting stablecoins.
3. SushiSwap released a new version of their Miso launchpad.
Miso is an end to end multi-chain token launchpad - easy, transparent and fully decentralized. The new version of Miso launchpad will ease the burden of launching and open up the listing process for any creators to list and launch their web3 community.
It is currently live on Harmony, Moonbeam, Moonriver, Binance Smart Chain and Polygon.
4. Five new great projects have been added to the AstarNetwork ecosystem!
AstridDAO - A multi-collateral stablecoin platform
XDAO - A multichain smart DAO builder
AsteroidDAO - A decentralized content management system
ADAO - An invest-to-earn DAO based on dApp staking of Astar Network
Avault - The first native yield aggregator on Astar
5. Unique Network Crowdloan Campaign
Unique Network, the first NFT chain built for Polkadot and Kusama, is a scalable blockchain to facilitate next-generation NFTs with unlimited potential.
Enter the crowdloan to win up to 20,000 UNQ tokens.
6. Astar's TVL hits $800M today (+10% in a day)
The growth rates of leading projects:
@starlay_fi $175M (+61% in 7 days)
@arthswap $119M (+8% in 7 days)
@CelerNetwork bridge $156M (+98668% in 30 days)
HIGHEST APR YIELD FARMS
MFAM/MOVR on Solarbeam 409%
Note: The APR of yield farms changes rapidly. The numbers indicated above may not be representative for long.
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