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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.

Sylvia Plath
Jun 12, 2022
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DeFi Wrap-Up by YieldBay
blog.yieldbay.io

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

Twitter avatar for @MoonriverNW
Moonriver Network @MoonriverNW
🦑 $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/…
moonbeam.networkCalamari and Moonriver Are Now Connected; KMA is live on Moonriver | MoonbeamMoonbeam has announced an integration with the Calamari parachain and the availability of Manta’s native Calamari token, KMA, on Moonriver
1:23 PM ∙ Jun 7, 2022
211Likes50Retweets

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

Twitter avatar for @subwalletapp
SubWallet (Official Account) @subwalletapp
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
12:15 PM ∙ Jun 9, 2022
158Likes48Retweets

 

3. Moonbeam to receive a grant from the Web3 Foundation for the development of a custom parachain staking pallet

Twitter avatar for @MoonbeamNetwork
Moonbeam Network @MoonbeamNetwork
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/…
moonbeam.networkWeb3 Foundation Grant for the Development of a Custom Parachain Staking Pallet | MoonbeamBuilt to support the decentralization of the network by improving the rewards system for collators and delegators, and giving control to token holders
2:25 PM ∙ Jun 9, 2022
314Likes75Retweets

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. 

Twitter avatar for @StellaSwap
StellaSwap - (We're Hiring) @StellaSwap
Our basepool is live!🥳 Trade stables on @MoonbeamNetwork ☄️with low fees & earn dual rewards for staking💰 Our 4pool > $USDC + $USDT + $DAI + $FRAX 🪙 All you need is 1 coin & it'll auto-stake Stake: app.stellaswap.com/farm Bridge: app.nomad.xyz #HarvestMoonbeam 👇
Image
6:20 PM ∙ Jun 9, 2022
110Likes41Retweets

5. $tDOT is live on Acala, Polkadot 

Twitter avatar for @TapioProtocol
Tapio Protocol 🧝🧝🏼‍♂️ @TapioProtocol
🔥 $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…
Image
3:00 PM ∙ Jun 8, 2022
219Likes36Retweets

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

Twitter avatar for @MoonriverNW
Moonriver Network @MoonriverNW
🚀 @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.comMOVR XC20 RMRK(RMRK) Is Now Supported on KuCoin| KuCoinDear KuCoin Users,KuCoin has now opened the MOVR XC20 deposit service for RMRK(RMRK). Users can check the Assets > Main Account > Deposit page and select
3:30 PM ∙ Jun 8, 2022
313Likes71Retweets

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

Twitter avatar for @MoonbeamNetwork
Moonbeam Network @MoonbeamNetwork
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…
moonbeam.foundationArrington Capital Launch New $100 Million Fund to Fuel Moonbeam EcosystemFund will focus on supporting native and multi-chain deployments on Moonbeam that tap into its novel interoperability capabilities
4:16 PM ∙ Jun 8, 2022
543Likes176Retweets

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!

Twitter avatar for @MoonriverNW
Moonriver Network @MoonriverNW
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/…
moonbeam.networkCrab and Moonriver are Now Connected: Token is Available as xcCRAB on Moonriver | MoonbeamMoonbeam has announced the integration with the Crab network and the availability of its native token, CRAB, on Moonriver.
2:34 PM ∙ Jun 8, 2022
150Likes31Retweets

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!

Twitter avatar for @MoonriverNW
Moonriver Network @MoonriverNW
It's here! ⭐️ @NovaWalletApp provides $MOVR + $GLMR staking to users through their Android v2.8 update (iOS support coming soon).
Twitter avatar for @NovaWalletApp
Nova Wallet @NovaWalletApp
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/C4mMcWMC0v
8:10 PM ∙ Jun 8, 2022
146Likes31Retweets

HIGHEST YIELD FARMS THIS WEEK

Moonbeam 

GLMR/xcDOT on StellaSwap 176%

WBTC/GLMR on StellaSwap 172% 

ETH/GLMR on StellaSwap 165%

USDC/GLMR on StellaSwap 159%

GLMR/FLARE on Solarflare 130%

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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