DeFi Wrap-Up by YieldBay
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DeFi Wrap-Up by YieldBay
Hey sailors! Here are your weekly 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. Calamari and Moonriver are now connected
🦑 $KMA, the native token of @CalamariNetwork, is available for use on Moonriver as $xcKMA via XCM integration. This integration not only enables cross-chain asset transfers but opens the door for increased cross-chain privacy functionality on Moonriver. moonbeam.network/announcements/…Once deposited on Moonriver as xcKMA, the token can be used across Moonriver’s vibrant & growing user community, bringing users more ways to interact with Calamari across the Kusama network as well as through Ethereum-style addresses and wallets.
2. Subwallet now supports cross-chain asset transfer on Moonbeam, Moonriver and more parachains of the Dotsama ecosystem
Have ya heard? #SubWallet now supports #XCM transfer on @MoonbeamNetwork @MoonriverNW @AcalaNetwork @KaruraNetwork and @kintsugi_btc 🎉📨🤩 More to come soon! Transfer cross-chain assets easily right on our extension wallet, why not? Tutorial👇👇👇 bit.ly/39dyw7V
3. Moonbeam to receive a grant from the Web3 Foundation for the development of a custom parachain staking pallet
We’re pleased to share that Moonbeam has been awarded a grant by the @Web3foundation for the development of a Substrate-based custom parachain staking pallet!✨ Learn more 👇 moonbeam.network/announcements/…This pallet fulfills a functional gap in the Polkadot and Kusama ecosystems and serves as an alternative to the existing Substrate consensus. Moonbeam’s open source parachain staking pallet now provides Substrate-based parachains with the ability to define criteria for an active set of eligible block producers and use network token rewards to incentivize staking participation.
4. The StellaSwap basepool is now LIVE.
5. $tDOT is live on Acala, Polkadot
🔥 $tDOT is live on @AcalaNetwork @Polkadot Calling traders, LPs, parachains and dapp builders, experience a new form of unified standard of $DOT liquidity Take advantage of this soft launch period 🙂 Mint $tDOT: apps.acala.network/swap/liquidity Learn: medium.com/tapio-protocol…tDOT is the first synthetic DOT aimed at standardizing different formats of DOT derivatives for increased usability, yield and liquidity efficiency.
6. MOVR XC20 RMRK(RMRK) Is Now Supported on KuCoin
🚀 @kucoincom now supports the XC-20 token standard, starting with $xcRMRK!! Users can now send xcRMRK tokens from Moonriver Network to Kucoin. Support for sending $RMRK to Moonriver coming soon. See the announcement 👇 kucoin.com/news/en-movr-x…KuCoin has now opened the MOVR XC20 deposit service for RMRK(RMRK). Users can check the Assets > Main Account > Deposit page and select the RMRK (MOVR) network for transactions.
7. Arrington Moonbeam Growth Fund
1/ 🚀 The Moonbeam Foundation & @arringtonXRPcap have announced the launch for a new $100 million ecosystem fund dedicated to supporting projects building on Moonbeam Network.✨ The Arrington Moonbeam Growth Fund is the first ecosystem fund for Moonbeam. moonbeam.foundation/news/arrington…Arrington Capital, and the Moonbeam Foundation are pleased to announce the launch of a new $100 million ecosystem fund dedicated to support projects building on Moonbeam, the top destination for multi-chain applications on Polkadot.
8. Crab and Moonriver are now connected!
1/ 🦀 Thrilled to announce the cross-chain integration between Crab (@DarwiniaNetwork) & Moonriver is now live & brings availability for the $CRAB token to Moonriver as $xcCRAB. This marks the tenth XCM integration & a significant milestone for Moonriver! moonbeam.network/announcements/…Once deposited on Moonriver as xcCRAB, the token can be used across Moonriver’s active DeFi ecosystem. The integration is made possible by XCM, the technology that enables parachains to pass data, messages, and assets between each other. This standard allows the movement of MOVR and any XC-20 assets minted on Moonriver to the Crab network, where privacy transfers are enabled.
9. The Nova Wallet just announced that $MOVR $GLMR staking is live!
It's here! ⭐️ @NovaWalletApp provides $MOVR + $GLMR staking to users through their Android v2.8 update (iOS support coming soon).MOVR & GLMR Staking is HERE! 🎉 New AMAZING Android v2.8 update is now available!✨ Enjoy super easy & powerful onchain staking on Moonbeam & Moonriver networks 🙌 Download 🚀 https://t.co/PHvyPM0IGZ Changelog ⤵️ https://t.co/C4mMcWMC0vNova Wallet @NovaWalletApp
HIGHEST YIELD FARMS THIS WEEK
Moonbeam
Moonriver
ETH/USDT on Moonlit Finance 1772%
PETS/MOVR on Moonlit Finance 562%
MOVR/USDT on Moonlit Finance 555%
ETH/MOVR on Moonlit Finance 452%
DOUBLOON/MOVR on Solarbeam 287%
Note: The APR of yield farms changes rapidly. The numbers indicated above may not be representative for long.
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