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.

May 15, 2022

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.

UPDATES

Our product team has been working hard to improve Warp and has shipped a few changes since the launch.

Improvements:

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.

WEEKLY WRAP-UP

1. Runtime 1500 Upgrade is now live on Moonriver & coming soon to Moonbeam!

Moonriver Network @MoonriverNW
1/ ⚡️ Runtime 1500 Upgrade is now live on Moonriver & coming soon to #Moonbeam! This upgrade introduces functionality for collator slot sharing, changes to staking rewards during unbonding, & optimizations for transacting w/ dApps & cross-chain assets!
moonbeam.networkRuntime 1500 Adds the Ability for Collators to Share Slots | MoonbeamRuntime 1500 implemented changes to staking rewards during unbonding and added a feature that allows collators to share slots
2:47 PM ∙ May 12, 2022
118Likes23Retweets

EIP-2612 added
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

Moonbeam Network @MoonbeamNetwork
1/ 🥇 @MoonbeamNetwork and @AcalaNetwork 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/…
moonbeam.networkFirst Cross-Chain Connection Launched With Acala Using XCM | MoonbeamThe first HRMP channels have opened between Moonbeam and Acala, allowing native movement of the GLMR, ACA, and aUSD tokens between chains
5:03 PM ∙ May 12, 2022
1,084Likes277Retweets
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

Solarbeam Foundation @Solarbeamio
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
4:35 PM ∙ May 11, 2022
16Likes4Retweets
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 Network @MoonriverNW
🔄 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…
moonbeam.foundationMoonriver Producing Blocks on Its New Kusama Parachain SlotFollowing the procurement of an additional parachain slot in March, Moonriver has been successfully swapped to its new slot, where it is now continuing to produce blocks. This was achieved with no…
3:00 PM ∙ May 10, 2022
471Likes93Retweets
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!

Acala @AcalaNetwork
💧 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👇
6:57 PM ∙ May 10, 2022
583Likes144Retweets
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.