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DeFi Wrap-Up by YieldBay
Here you go sailors, your weekly dose of Dotsama DeFi updates with a list of the highest APR yield farms for our sailors. And more 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.
The airdrop of Bay Island Lost Maps is complete! And Warp has officially been launched!
319 sailors got their hands on the NFT!
Bay Maps have been listed for trading at Moonbeans.
Bay Map NFT contract address: 0xaD18EEA5413f3340aC2d9e2f081114e042398C90
Some Bay Maps are also reserved for community engagement and will be distributed via flash events and competitions that could arise on YieldBay Discord and Twitter at any time.
WEEKLY WRAP UP
1. Moonriver Network and Moonbeam Network integrated with Fireblocks.
1/ 🔥 The Moonbeam Foundation has announced that , the custody technology and liquidity network for institutional customers, now supports $MOVR and $GLMR tokens! Read the announcement 👇 moonbeam.foundation/news/fireblock…
Fireblocks is the leading custody technology and liquidity network for institutional customers, and this integration makes it possible for their clients to safely store and stake GLMR and MOVR tokens from within their platform.
2. Orcus Finance x Subsquid
The Orcus development team has already successfully developed a Squid API that provides data to the platform’s DeFi dashboard. Subsquid solutions will also be used in the Profit Manager, which is in charge of Orcus Protocol’s token buy-back algorithm. Plans for other implementations will be announced in due time.
3. CLV announces partnership with Huckleberry
Community driven AMM crosschain DEX and lending platform built on Moonriver, Huckleberry partners with CLV. Huckleberry will integrate CLV chain and Multichain Wallet in its DeFi and Web3 infrastructure.
4. Spacewalk: the trust-minimized bridge between Stellar and Pendulum chain.
Pendulum is a substrate-based chain, connecting fiat to DeFi, and Spacewalk is the 1st bridge between the Stellar and the Polkadot/Kusama.
5. Coinbase Cloud Works with Acala Foundation to Support Liquid Staking
Coinbase Cloud is working with to support liquid staking for , supporting the growth of the and ecosystems. Learn what it means for the ecosystem, and token holders👇blog.coinbase.com/coinbase-cloud…
Coinbase Cloud will provide support of liquid staking through a collaboration with the Acala Foundation, starting with KSM liquid staking on Karura.
6. The Big KSM Unlock
❓ So what is “The Big Unlock”? Around May 15th, ***1.1 MILLION $KSM*** from the first batch of parachain crowdloans will be unlocked. That means ~10% of the supply will be back in circulation.
The parachain slot leases for the first batch of Kusama parachains will end in May 2022. Since all five of these parachains used a crowdloan to bootstrap the funds to pay for the lease, these crowdloaned funds will be returned to their owners. A total of 1.1 million KSM (that’s more than 10% of the supply!) were contributed to these first parachain crowdloans for slots on Kusama. Now that the leases are ending, these KSM tokens will be unlocked for the original token holders to use.
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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