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DeFi Wrap-Up by YieldBay
Greetings sailors! Here are your weekly Dotsama DeFi updates with a list of the highest APR yield farms for our sailors. And some updates from YieldBay.
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.
Our product team has been working hard to improve Warp and has shipped a few changes since the launch.
Improved NFT verification & network switching flow.
Banner on the top announcing upcoming features.
Bug fixes in the UX.
Sorting works even when tooltip is active.
“USE MAX” works much smoother now.
Added support for more tokens(like xcKSM, BNB, etc) for warp-in.
1. Runtime 1500 Upgrade is now live on Moonriver & coming soon to Moonbeam!
1/ ⚡️ Runtime 1500 Upgrade is now live on Moonriver & coming soon to ! This upgrade introduces functionality for collator slot sharing, changes to staking rewards during unbonding, & optimizations for transacting w/ dApps & cross-chain assets!
allowing users to choose with which token they’ll pay the tx fee when transacting with cross-chain assets
A few changes to staking rewards
addition of collator slots
2. Moonbeam and Acala launch the first Polkadot cross-chain connection
1/ 🥇 and launch the first Polkadot cross-chain connection, allowing for native communications and token transfers between the two chains without the need for bridges! moonbeam.network/announcements/…
New bidirectional HRMP channels have been opened between Moonbeam and Acala, allowing native movement of the GLMR, ACA, and aUSD tokens between the chains. This is the first connection using XCM on Polkadot since XCM was released last week.
3. KSM blockchain degradation issue has been resolved!
The 0.9.21 update is here and the average blocktime is reducing every day - currently at 14.65s - and will soon be at the intended 12s for Kusama parachains.
4. veTokens Profit Sharing program
Introducing the veTokens Profit Sharing program 🌞 Solarbeam and Solarflare users can now share protocol fees through the staking of veTokens 🔥 The main veSolar pool will be migrated to a newer version on Saturday May 14th 👉Find out more: bit.ly/37BiuUl
Solarbeam and Solarflare users can now share protocol fees through the staking of veTokens. This upgrade will enable users participating on veSolar and veFlare pools to gain a share of the protocol fees along with many more incentives from Solarbeam’s numerous partnerships.
5. Moonriver has successfully moved to its new parachain slot
🔄 Moonriver has successfully moved to its new parachain slot, where it now continues to produce blocks. The Moonbeam Foundation acquired this new slot in March & the swap was achieved with no interruption or downtime. Read for more info 👇 moonbeam.foundation/news/moonriver…
The new slot for leases 20-27 will allow Moonriver to continue to operate as a parachain on the Kusama network through next year, until March 2023 when the lease ends and a new slot will need to be obtained.
The new lease and shift to the new parachain slot have no impact on the Moonriver 2021 crowdloan.
6. DOT Liquid Staking (LDOT) is live on Acala!
💧 DOT Liquid Staking (LDOT) is live on Acala! You can now stake your DOT on Acala to stay liquid and earn ~72% APY in DOT and aUSD stablecoin rewards. Start staking: aca.la/LDOT-staking What is liquid staking and what are the benefits? Let's take a look👇
Polkadot users will be able to stake their DOT on Acala to earn higher yield and to stay liquid by receiving LDOT upon staking their DOT.
HIGHEST YIELD FARMS THIS WEEK
Note: The APR of yield farms changes rapidly. The numbers indicated above may not be representative for long.
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