The Bay Journal

Share this post
DeFi Wrap-Up by YieldBay
blog.yieldbay.io

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.

Sylvia Plath
May 1, 2022
Share this post
DeFi Wrap-Up by YieldBay
blog.yieldbay.io

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.


UPDATE

The airdrop of Bay Island Lost Maps is complete! And Warp has officially been launched!

319 sailors got their hands on the NFT!

We airdropped some to the ChaosDAO and Moonbeans team and some special Bay Maps were used to commemorate the work done by pillars of the Dotsama community, for example, Bill Laboon and Jay Chrawnna.

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.

The best way to stay on top of it is to follow YieldBay on Twitter and join Discord.


WEEKLY WRAP UP

1. Moonriver Network and Moonbeam Network integrated with Fireblocks.

Twitter avatar for @MoonbeamNetwork
Moonbeam Network @MoonbeamNetwork
1/ 🔥 The Moonbeam Foundation has announced that @FireblocksHQ, the custody technology and liquidity network for institutional customers, now supports $MOVR and $GLMR tokens! Read the announcement 👇 moonbeam.foundation/news/fireblock…
moonbeam.foundationFireblocks Adds Support for MOVR and GLMRInstitutional clients can now access custody and staking solutions from within the Fireblocks platform
4:15 PM ∙ Apr 27, 2022
302Likes65Retweets

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

Twitter avatar for @CoinbaseCloud
Coinbase Cloud @CoinbaseCloud
Coinbase Cloud is working with @AcalaNetwork to support liquid staking for @KaruraNetwork, supporting the growth of the @Polkadot and @kusamanetwork #DeFi ecosystems. Learn what it means for the ecosystem, and token holders👇blog.coinbase.com/coinbase-cloud…
blog.coinbase.comCoinbase Cloud Works with Acala Foundation to Support Liquid StakingBy Joe Lallouz, Head of Coinbase Cloud
2:08 PM ∙ Apr 26, 2022
714Likes189Retweets

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

Twitter avatar for @MoonriverNW
Moonriver Network @MoonriverNW
❓ 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.
Image
10:50 PM ∙ Apr 27, 2022
193Likes33Retweets

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

Moonbeam 

GLMR/FLARE on Solarflare 171%

CONV/ceUSDT on Convergence 136%

ceWETH/CONV on Convergence 133%

FLARE/USDC on Solarflare 132%

STELLA/USDC on Stellaswap 126%

Moonriver

PETS/MOVR on Moonlit Finance 457%

WMOVR/xcKSM on Sushiswap 341%

WMOVR/stKSM on Sushiswap 299%

SOLAR/USDC on Solarbeam 286%

MFAM/MOVR on Solarbeam 273%

Note: The APR of yield farms changes rapidly. The numbers indicated above may not be representative for long.


In case you haven’t, don’t forget to subscribe to The Bay Journal newsletter to stay up to date with DotSama farms and the happenings in the bay.


Looking to become a sailor?

  • Follow us on Twitter for updates:

🐦 Follow @yield_bay on twitter

  • Join us on discord for alpha:

👾 Join Yield Bay on Discord

Share this post
DeFi Wrap-Up by YieldBay
blog.yieldbay.io
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Yield Bay
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing