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DeFi Wrap-Up by YieldBay

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DeFi Wrap-Up by YieldBay

Here you go sailors, another weekly Dotsama DeFi update with a list of the highest APR yield farms.

Sylvia Plath
Mar 27, 2022
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DeFi Wrap-Up by YieldBay

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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. Standard Protocol announced the launch of its stablecoin $USM!

Twitter avatar for @polkadotnews
Polkadot News ☮️ @polkadotnews
Standard Protocol @standardweb3, the pioneer of the self-sovereign stablecoin project, has announced the launch of its stablecoin $USM.
blog.standard.techWhat is USM and how does it work?Standard Protocol flag product — Stablecoin USM is the new decentralized stablecoin to ensure self-sovereignty. The next generation…
5:21 PM ∙ Mar 24, 2022
30Likes8Retweets

 

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.

  1. Interlay launched the @kintsugi_btc Bitcoin bridge — the first trustless Bitcoin bridge on Kusama

Twitter avatar for @alexeiZamyatin
Alexei Zamyatin | we're hiring! @alexeiZamyatin
Finally, it's live. You can now mint trustless $kBTC on @KaruraNetwork and use it on @MoonriverNW and @KaruraNetwork kintsugi.interlay.io We've built the most sophisticated, decentralized, and trustless BTC bridge, ever. The base is ready. Now comes the fun part.
Twitter avatar for @Cointelegraph
Cointelegraph @Cointelegraph
Interlay deploy Bitcoin-based kBTC asset on Kusama network, a testing phase for eventual Polkadot launch. Story by @tomfarrencrypto https://t.co/OtULTIlySo
5:08 PM ∙ Mar 24, 2022
333Likes85Retweets

 

You can now mint trustless $kBTC on Karura Network and use it on Moonriver NW and Karura Network. 

  1. 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.

  1. Turing crowdloan 

Twitter avatar for @SamsonDogo
Samson Dogo @SamsonDogo
🚨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…
Image
1:29 PM ∙ Mar 25, 2022
6Likes1Retweet

 

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.  

  1. BNC Staking rewards

Twitter avatar for @bifrost_finance
Bifrost @bifrost_finance
Our #Collator 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! #staking bifrost-finance.medium.com/cb014d23b0a8
12:03 PM ∙ Mar 22, 2022
214Likes36Retweets

 

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

Moonbeam 

STELLA/USDC on StellaSwap 269%

GLMR/FLARE on Solarflare 248%

FLARE/USDC on Solarflare 243%

FLARE/LUNA on Solarflare 214%

CONV-ceUSDT on Convergence 198%

Moonriver

PETS/MOVR on Moonlit Finance 780%

ZOOM/MOVR on Moonlit Finance 451%

MOVR/USDT on Moonlit Finance 406%

​​MFAM/MOVR on Solarbeam 320%

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


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