DeFi Wrap-Up by YieldBay
Hey there sailors! We're back with our weekly dose of Dotsama DeFi updates with a list of the highest APR yield farms and some updates on YieldBay List
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. StellaSwap Partners with Algebra to Bring Concentrated Liquidity To Polkadot & Moonbeam
Excited to partner to bring the first concentrated liquidity on & ! ⚡️💥 Be prepared for the next-gen, capital-efficient AMM with; ⭐️ Optimal token prices ⭐️ Ultra-low slippage ⭐️ Enhanced LP positions stellaswap.medium.com/stellaswap-par…
StellaSwap has partnered with Algebra to launch a capital-efficient DEX called ‘Pulsar’, utilizing the power of concentrated liquidity to provide a much more efficient way of trading and earning as before. Their current model isn’t capital efficient and suffers from high-slippage. With Pulsar, we’ll allow liquidity providers (LPs) to ‘concentrate’ their liquidity in specific price ranges to maximize capital efficiency.
2. Crypto.com DeFi Wallet now supports the Moonbeam and Moonriver parachains!
Users can instantly access and interact with DApps on both networks by looking them up in the DeFi Wallet’s DApp Browser.
3. Etherspot now supports Moonbeam!
1/3 supports , a highly specialized Layer 1 chain that mirrors ’s RPC, accounts, keys, subscriptions, logs, and more 🚀 Now Moonbeam dapp builders can expand their reach to new users and markets with even more multi-chain opportunities.
All of the platform's SDK features are now available for devs on Moonbeam, including multichain, infrastructure, cross-chain transaction batching, meta-transactions or P2P payment channels.
4. Blockpour now supports Moonbeam!
Looking for real-time token analytics? 👀 Blockpour has now integrated on-chain metrics. Discover your alpha here: bit.ly/3R40hzT 🌙☄️ Follow us for more Moonbeam DeFi content coming soon.
Multi-chain data analytics platform Blockpour has integrated Moonbeam on-chain metrics! Users can tap into Blockpour's real-time data & cross-chain interface for token analytics across DEXs, dApps, & AMMs.
5. Zenlink DEX Contract Upgrade and Liquidity Migration
1/ Announcing the Zenlink DEX contract upgrade and liquidity migration on and will be launched on August 23rd at 8:00 AM (UTC)⏫ This will further enhance the protocol and prepare for the upcoming governance, learn more: medium.com/zenlinkpro/ann…
Zenlink has upgraded their DEX contracts on Moonriver and Moonbeam and initiated the liquidity migration. The new contracts will overcome limitations of their older versions and enable longer-term development needs.
6. Athos x Crystl
🔥Announcing the $ATH / $GLMR V3 Vault on for liquidity providers! Auto-compound your LP rewards now! 📕Read more here: medium.com/athos-finance/… 🏦Deposit now: moonbeam.crystl.finance/vaultsV3 $ATH
You can now Maximize Your ATH - GLMR earnings from StellaSwap with Crystl Finance’s Auto-Compounding Vault.
7. StellaSwap partners with Lido & Beefy
We're live! Come trade & earn $LDO in our dual-reward farm now🎉 Great to have + provide initial liquidity to the $LDO - $GLMR pool! Earn $LDO & $STELLA when you 🔥 Start trading $LDO here: app.stellaswap.com/exchange/swap Vaults on next!
StellaSwap will launch a standard LDO farm, with Lido and Beefy providing an initial liquidity of $10,000 into the farm. Additionally, Lido will provide an initial $5,000 worth of LDO incentives to attract users to stake into the farm. Beefy will launch the LDO farm to allow users to auto-compound their rewards into their LP.
8. Cross-chain connected contracts with Axelar
1/ ⛓🔁⛓ Axelar plays an important role in powering apps that tap into the functionality of many chains via a single app interface on Moonbeam Read this blog for an intro to 's SDK catered to aiding devs in this vision: moonbeam.network/blog/axelars-s…
Axelar’s general message passing (GMP) allows smart contracts to communicate securely across chains. This enables developers to build cross-chain connected applications on Moonbeam that can tap into functionality from Polkadot, Ethereum, Avalanche, Cosmos, and beyond.
9. TUR-MGX Bootstrap
The TUR-MGX Bootstrap is coming! We will be launching $TUR Liquidity on next Monday! Get your $MGX ready for the bootstrap! This is the first time another parachain is bootstrapping with our brand-new bootstrapping pallet 🚀 📖 Read: blog.mangata.finance/blog/2022-07-1…
Due to Mangata’s freshly opened XCM channel with Turing Network, Mangata X users will be able to seamlessly transfer assets between Turing and Mangata X. Mangata’s partnering with OAK Network to explore how Turing (OAK’S canary network on Kusama) gives traders new tools like auto-compounding, dollar-cost averaging, iceberg orders, and more. This is the first time another parachain is bootstrapping with their brand-new bootstrapping pallet.
10. Congratulations to Kylin Network on winning Polkadot's 25th parachain auction!
We KYLed It! Kylin Network is now the official parachain slot #25 owner after becoming the third project in the history of Polkadot parachain auction and the first in the last seven auctions to max out the bid cap - 150k DOTs! 🔥 Congrats Kylians! kylin.substack.com/p/kylin-networ…
Kylin is building a cross-chain platform powering the data economy on Polkadot. It aims to power Web3 adoption through revolutionizing data access and awareness.
11. SubQuery launches Kepler Network
Many Web3 projects do a poor job of migrating customers from their centralized services ➡ to their decentralized alternatives🙄 We didn't want to make that mistake⛔ That's why we launched the , an incentivized on ! Read🧵⬇
The Kepler network is the “canary network” of SubQuery that will be deployed on Karura, the sister network to Acala. The Kepler Network will enable thousands of users to progressively adopt the decentralised features of the network and earn real rewards for their efforts.
12. Parallel Liquid Crowdloan will support Aventus & Crust for Polkadot Slot Auction 26
Parallel Finance will offer Liquid Crowdloan services to Aventus Network & Crust Network for the upcoming Polkadot Slot Auction 26 🎉🎉 medium.com/parallel-finan…
Beginning Aug 29th, users will be able to contribute to Aventus crowdloan on Parallel Liquid Crowdloan page, and earn extra 4 PARA/DOT reward on top of the crowdloan rewards offered by respective projects. Crust has already been listed on Aug 24th.
13. Proposal for Common Good Parachains
1/ has been busy developing several new blockchains it plans to propose as common good parachains. As a refresher, Polkadot governance can allocate parachain slots to chains it believes benefit the entire network, bypassing the auction process.
The Polkadot Parity team proposes to launch more Common Good Parachains. The proposal states that on the technical side, the work involves runtime changes to allow for more expressive interaction on XCM and to develop a test and release process that scales to multiple runtimes.
14. Phala Integrates with Moonbeam
1/ 🚀 's $PHA token is now available as $xcPHA on for use across Moonbeam’s ecosystem of DApps via integration $GLMR can also now be used in SubBridge, a cross-chain router built on Phala along w/ other assets already available moonbeam.network/announcements/…
Moonbeam has announced a cross-chain integration with the Phala Network, making the PHA token available for use on Moonbeam. Once PHA is deposited on Moonbeam as xcPHA — the XC-20 representation of the PHA token — it can be used across Moonbeam’s active ecosystem of DApps. The GLMR token can also now be used in SubBridge, a cross-chain router built on Phala, joining eight other assets already available.
HIGHEST YIELD FARMS ON YIELDBAY LIST THIS WEEK
Note: The APR of yield farms changes rapidly. The numbers indicated above may not be representative for long.
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