Discover more from The Bay Journal
DeFi Wrap-Up by YieldBay
Here you go sailors, another weekly Dotsama DeFi update with a list of the highest APR yield farms.
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.
Standard Protocol announced the launch of its stablecoin $USM!
Standard Protocol , the pioneer of the self-sovereign stablecoin project, has announced the launch of its stablecoin $USM.
Standard Protocol, the pioneer of the self-sovereign stablecoin project that welcomes the visions and truly decentralized forms of Web3, has announced the launch of its stablecoin, USM.
The launch of USM, a self-sovereign, non-reserve, and Web3-enabled stablecoin will not only address the problems facing incumbent stablecoins but will offer greater ROI to holders. Read more here.
Finally, it's live. You can now mint trustless $kBTC on and use it on and kintsugi.interlay.io We've built the most sophisticated, decentralized, and trustless BTC bridge, ever. The base is ready. Now comes the fun part.Interlay deploy Bitcoin-based kBTC asset on Kusama network, a testing phase for eventual Polkadot launch. Story by @tomfarrencrypto https://t.co/OtULTIlySoCointelegraph @Cointelegraph
You can now mint trustless $kBTC on Karura Network and use it on Moonriver NW and Karura Network.
Acala Network launches a $250M $aUSD Ecosystem Fund to support early-stage startups
Acala, nine parachain teams, and a group of venture funds have launched the $250 million 'aUSD Ecosystem Fund'. The fund is seeking early-stage projects from any Polkadot or Kusama Network parachain with strong $aUSD stablecoin use cases.
🚨Update!! OAK Network has received Bifrost's Support. This month, the OAK team launch a Kusama crowdloan for its Turing (TUR) canary network. OAK Network is a recurring payment automation blockchain that works with several DeFi protocols 🔥🚀 medium.com/bifrost-financ…
OAK team launched a Kusama crowdloan for its Turing (TUR) canary network on 20th March 2022 UTC with bonus rewards up to 20% + 450 TUR.
For more information read here.
BNC Staking rewards
Our is officially live on Mainnet🚀 Now register a delegator and stake $BNC to collators & earn rewards at bifrost.app/collator This launching marks an important step in our roadmap — our block collection is now decentralized! bifrost-finance.medium.com/cb014d23b0a8
Bifrost completed the mainnet Collator upgrade at 10am GMT on March 22, and has now launched Collator mainnet access and $BNC staking! According to the design of Bifrost’s economic model, the total volume of BNC is fixed without inflation and will be used for Collator incentive construction by reserving 5% of the total issue volume of BNC, and the number of incentives in the first year will be 800,000 BNC.
HIGHEST YIELD FARMS THIS WEEK
MFAM/MOVR on Solarbeam 320%
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: