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.

Apr 10, 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.

1. XCMv2 passed second audit

Polkadot @Polkadot
XCMv2, a fundamental utility for Polkadot & @kusamanetwork that enables seamless communication between blockchains, pallets & smart contracts, has been audited a second time by @quarkslab. XCMv3 is currently in the final stages of development! Read more:
hubs.lyXCMv2 Audit Completed by QuarkslabXCMv2 has now been audited for a second time to discover any potential cross-chain security or fairness issues, including logical bugs, denial-of-service, and incorrect lock/unlock or burn/mint on both chains
5:00 PM ∙ Apr 8, 2022
925Likes239Retweets
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

Manta Network (Hiring!) @MantaNetwork
We have been working on @Polkadot XCM integration with other parachain projects, starting with @MoonbeamNetwork's testnet, Moonbase Alpha. We're starting to deliver privacy for all parachain assets!
mantanetwork.medium.comInteroperability on Manta Network and Moonbeam — Successful XCM Deployment on TestnetMarch 31st, 2022 — Manta Network, the privacy hub for web3, has announced the successful cross-chain transfer of parachain assets with…
4:15 PM ∙ Apr 1, 2022
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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

Zenlink | We're Hiring! @ZenlinkPro
Introducing the @ZenlinkPro Hybrid AMM, consisting of Standard AMM + Stable AMM and connecting by Zenlink Smart Order Routing🔀 Looking forward to the first 4pool on @MoonbeamNetwork and @MoonriverNW! More details in the next few days, read on: link.medium.com/gV9MXqISYob
link.medium.comZenlink Hybrid AMM Coming Soon! Offering Users a Better DeFi Trading ExperienceWe are pleased to announce that Zenlink Hybrid AMM will be launched soon!
2:18 PM ∙ Apr 5, 2022
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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

Exiled Racers @exiledracers
🚨Announcement🚨 We're stoked to partner with @biconomy to create first near gasless NFT mint experience (and more) on @MoonbeamNetwork — setting a new gold standard for NFT projects on the platform. Read full partnership details here — blog.exiledracers.com/exiled-racers-…
blog.exiledracers.comExiled Racers partners with Biconomy to create Moonbeam’s first ever near gasless NFT mint…Moonbeam’s First Bluechip NFT project — Exiled Racers — awarded Biconomy grant to create innovative, seamless user NFT mint experience and…
3:45 PM ∙ Apr 7, 2022
189Likes62Retweets
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

Karura - DeFi Hub of Kusama @KaruraNetwork
🔈 The kUSD upgrade to aUSD is live! All kUSD has been officially been upgraded to aUSD on @KaruraNetwork & 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. 🚀
3:51 AM ∙ Apr 6, 2022
239Likes38Retweets
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