Discover more from The Bay Journal

The Bay Journal covers the latest news around dotsama yield farms, yield farming tutorials and Yield Bay product updates.

DeFi Wrap-Up by YieldBay

Greetings sailors! Here are your weekly Dotsama DeFi updates with a list of the highest APR yield farms for our sailors.

Sylvia Plath

May 22, 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. Polkadex will integrate aUSD as its default stablecoin

Acala @AcalaNetwork
🚀 @polkadex will integrate $aUSD as the default stablecoin for the Polkadex parachain! Polkadex users will be able to leverage $aUSD stablecoin trading functionality on Polkadex's decentralized exchange. Learn more👇 medium.com/acalanetwork/p…
medium.comPolkadex Integrates aUSD as The Default Stablecoin for its Polkadot ParachainAcala is excited to announce Polkadex will integrate aUSD as its default stablecoin, and in return aUSD will get more liquidity from…
5:04 PM ∙ May 19, 2022
551Likes121Retweets

Acala is excited to announce Polkadex will integrate aUSD as its default stablecoin, and in return aUSD will get more liquidity from Polkadex Orderbook.

2. Polkadot v0.9.22 has been released with LOW upgrade priority.

https://github.com/paritytech/polkadot/releases/tag/v0.9.22
This release switches to a new JSON-RPC server library and adds nomination pools to the native Kusama runtime.

3. Congratulations to @OT_Parachain and supporters on winning the 17th Polkadot parachain auction!

Polkadot @Polkadot
Congratulations to @origin_trail on winning Polkadot's 17th parachain auction! OriginTrail brings real-world #Web3 assets to Polkadot, making them discoverable, verifiable and valuable. Origin will be onboarded at the beginning of lease 8
1:27 PM ∙ May 19, 2022
606Likes142Retweets

4. Centrifuge has announced a strategic partnership with BlockTower.

Centrifuge ꩜ @centrifuge
⭐️ A new partnership is born. @BlockTower 🤝 @centrifuge We're joining forces to accelerate the adoption of DeFi in institutional capital. finance.yahoo.com/news/centrifug…
finance.yahoo.comCentrifuge and BlockTower Announce $3 Million Treasury Sale Under New Strategic Alliance To Build the Future of Real-world Assets On-chainBERLIN, GERMANY / ACCESSWIRE / May 18, 2022 /Centrifuge, the leading DeFi protocol for financing real-world assets (RWAs) on the blockchain, has announced a strategic partnership with crypto and blockchain investment firm, BlockTower. Through this partnership, BlockTower will bring institutional cap…
2:16 PM ∙ May 18, 2022
195Likes49Retweets
Through this partnership, @BlockTower will bring institutional capital and assets to the @centrifuge protocol, significantly accelerating the financing of RWAs on-chain.

5. Astar Network presents a new feature - Nomination Transfer.

Astar Network | WASM + EVM Hub on Polkadot @AstarNetwork
👉 Nomination Transfer is here! 👈 This new feature is a massive quality of life update for DApp Staking, allowing you to easily move your nominations to other projects with no unbonding period! 🙌 Click 🔗👇 to see how this new feature works medium.com/astar-network/…
medium.comIntroducing The New Nomination Transfer Feature For Dapp StakingShiden and Astar are improving how DApp nominators can shift their funds from one project to another.
2:01 PM ∙ May 18, 2022
188Likes33Retweets
It allows users to move the entirety or portions of their nominations to other projects while skipping the unbonding period.

6. Compounding Rewards is now available on @AstarNetwork.

Astar Network | WASM + EVM Hub on Polkadot @AstarNetwork
Compounding Rewards are now live on Astar! 🎉 After launching this feature a little over a week ago on Shiden, we are happy to announce the rollout to Astar is complete. Click the 🔗👇 learn more! medium.com/astar-network/…
medium.comCompounding Rewards now live on Astar!05/17/22 —We are delighted to announce that the Compounding Rewards feature is now available on Astar. We launched the feature a little…
1:31 PM ∙ May 17, 2022
217Likes53Retweets
Compounding Rewards allows Dapp stakers to take rewards from Dapp Staking and compound them on top of their initial stake, increasing the amount of rewards they receive.

7. Orcus presents Orcus Vaults on @AstarNetwork.

Orcus Finance (☄️,☄️) @Orcus_Finance
Orcus Vaults and @AstarNetwork ecosystem unity: ✨Benefits for the partners ✨Benefits for the $ORU price impact ✨Benefits for the $ORU stakers ✨Safety scoring and why yield aggregation matters
orcusfinance.medium.comOrcus Vaults: New Product Announcement | Strategic Partnerships· Yield Optimization · Autocompounding · Fee sharing
3:31 PM ∙ May 16, 2022
30Likes5Retweets
Orcus Vaults is the Yield Optimizing tool that simplifies the DeFi experience for the yield farmers. Orcus Finance adds a Yield Aggregation tool and will gather all possible pools from DEXes with liquid tokens.