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1. The first XC-20 on Moonbeam, $xcDOT, is now live & ready for use within Moonbeam’s DeFi ecosystem!
The implementation of xcDOT will allow users to move their DOT quickly and simply, and use it on a growing number of DApps. xcDOT gives Polkadot supporters more ways to enjoy the EVM-based ecosystem that is flourishing on Moonbeam.
Wanchain, the global leader for blockchain interoperability solutions, has integrated new bridges that connect respectively Wanchain (WAN) with Moonbeam (GLMR), Moonbeam with the Polkadot Relay Chain (DOT) and Moonbeam with Moonriver (MOVR).
In addition to bridging GLMR, MOVR and DOT, Wanchain is also deploying bridges that are compatible with Moonriver’s Substrate crosschain assets xcKSM, xcKAR, xcKINT, xcRMRK, xcBNC, and xcKBTC.
3. QiDao Protocol will be deploying on Moonbeam Network!
The proposal to add support for @StellaSwap Vaults was approved with 99% of the votes! $STELLA gets a huge use case, and in turn it will introduce liquidity mining for $MAI LPs on their DEX.
4. Congratulations to Polkadex and all the supporters on winning 16th Polkadot's parachain auction!
DOT transfers from Polkadot to Acala have been upgraded now allowing 2-way transfers between the Relay Chain and parachain. Users can start transferring their DOT liquidity to Acala in preparation for DOT liquid staking.
With 6.5 million $DOT or ~$100 million USD currently unstaking from Polkadot over the next month to put to work in the DOT economy on parachains, we can’t wait to see DOT Liquid Staking with $LDOT on Acala Network to go live.
6. Meanwhile, ParallelFi is the first parachain that offers liquid DOT staking
You can get sDOT and enjoy benefits such as instant unbonding and maximizing yield (stake&farm at the same time).
DOT hodlers get 14.5% APY for staking + sDOT which you can lend for extra APY (currently 42% ) then borrow to push APY higher.
7. Polkadot has completed an upgrade allowing parachains to message each other via XCM “cross-consensus messaging”.
Polkadot launches cross-chain messaging system to solve blockchain’s bridge problem. It opens the doors for bridgeless token movement and interconnectedness between parachains.
