Discover more from The Bay Journal
DeFi Wrap-Up by YieldBay
We're back with more 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.
1. XCMv2 passed second audit
XCMv2, a fundamental utility for Polkadot & that enables seamless communication between blockchains, pallets & smart contracts, has been audited a second time by . XCMv3 is currently in the final stages of development! Read more:
XCMv2, deployed first on Kusama, Polkadot’s canary network, has now been audited for a second time and is ready for production release. Because of the scope of cross-consensus messaging for the Polkadot network, it is crucial that every iteration of XCM undergoes independent review from external security organizations.
2. Manta Network announces plans to integrate Calamari Network with Moonriver
We have been working on XCM integration with other parachain projects, starting with 's testnet, Moonbase Alpha. We're starting to deliver privacy for all parachain assets!
This integration will happen via XCM integration to enable cross-chain asset transfers between chains & privacy transfers for XC-20s!
This comes after Manta's successful XCM deployment on Moonbase Alpha!
3. Zenlink Hybrid AMM
Introducing the Hybrid AMM, consisting of Standard AMM + Stable AMM and connecting by Zenlink Smart Order Routing🔀 Looking forward to the first 4pool on and ! More details in the next few days, read on: link.medium.com/gV9MXqISYob
Zenlink will adopt a new standard of 4pool in Stable AMM, with the base stablecoins tentatively set as anyUSDT+anyUSDC+FRAX+UST (please refer to the actual adoption after launch). Zenlink Hybrid AMM is equipped with upgraded smart order routing, which will connect Stable AMM with Standard AMM and calculate the best trading path for users to enhance capital efficiency.
4. Moonbeam Network's first ever near gasless NFT mint
🚨Announcement🚨 We're stoked to partner with to create first near gasless NFT mint experience (and more) on — setting a new gold standard for NFT projects on the platform. Read full partnership details here — blog.exiledracers.com/exiled-racers-…
Moonbeam’s First Bluechip NFT project — Exiled Racers — awarded Biconomy grant to create innovative, seamless user NFT mint experience and beyond.
5. kUSD upgrade to aUSD
🔈 The kUSD upgrade to aUSD is live! All kUSD has been officially been upgraded to aUSD on & any parachains utilizing kUSD, and users can now mint aUSD on Karura. The upgrade officially cements aUSD as the native decentralized stablecoin of Polkadot & Kusama. 🚀
Karura users will now have the opportunity to open aUSD Collateralized Debt Positions (CDPs) directly on Karura in order to mint the native stablecoin of the Polkadot and Kusama ecosystem
HIGHEST YIELD FARMS THIS WEEK
CGS/USDC on Beamswap 387%
MFAM/MOVR on Solarbeam 270%
veSOLAR on Solarbeam 254%
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:
Join us on discord for alpha: