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DeFi Wrap-Up by YieldBay
Major updates from YieldBay along with your weekly dose of Dotsama DeFi updates with a list of the highest APR yield farms for our sailors.
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.
YieldBay is gearing up for the launch of WARP on 29th April.
What is WARP?
WARP is the first step in our goal to make DeFi easy for everyone.
WARP enables you to add liquidity to a pool on Solarbeam using any token in your wallet in one single transaction. You simply tell our smart contract what token you want to invest with and which liquidity pool you want. And we handle it from there!
For example, you can use MOVR to provide liquidity to the FRAX-ROME pool. It takes MOVR, swaps them for equal parts FRAX and ROME, deposits them in the pool, and sends the LP tokens to your wallet. All in one transaction.
How to access it?
We are doing a limited access launch with some map NFTs. Only the Bay Island Map NFT holders will be able to access WARP while we are in alpha. The maps can be claimed for free from our Twitter page. For more info, hop on our Discord server.
Bifrost crowdloan is live!
For every $DOT contributed through Parallel receive not only 12 $BNC rewards but also 4 PARA plus 1 cDOT!
Parallel’s cDOT is a 1 to 1 $DOT liquidity token that can be used on Parallel while still contributing.
2. Parallel’s Money Market is now live on Polkadot!
You can now supply your PARA and DOT to earn farming rewards and borrow DOT to use on our platform for more opportunities to increase your revenue!
3. xcAUSD on Moonriver
1/ ☑️ We are pleased to announce $aUSD, & 's native decentralized crypto-backed stablecoin, is now registered as an XC-20 asset on Moonriver! xcAUSD can now be used in the vibrant Moonriver ecosystem.
$aUSD was recently merged with $kUSD, so $aUSD will be used on both the Acala and Karura networks. With a full #XCM integration, you can use $aUSD within the Moonriver DeFi ecosystem!
4. XCM is coming to Polkadot with runtime v0.9.19.
Polkadot v0.9.19 has been released with LOW upgrade priority. The native Polkadot runtime of this version, 9190, includes support for XCM.
HIGHEST YIELD FARMS THIS WEEK
CGS/USDC on Beamswap 258%
Note: The APR of yield farms changes rapidly. The numbers indicated above may not be representative for long.
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