DeFi Wrap-Up by YieldBay
Ahoy sailors! Here's your weekly dose of Dotsama DeFi updates with a list of the highest APR yield farms
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. InsureDAO is now live on Astar Network
💡Astar Network Launch💡 InsureDAO is now live on Astar Network, as the first DeFi insurance protocol on the chain😍 Check⏬ app.insuredao.fi/astar Users now can protect their deposited funds on DeFi protocols against smart contract risk🚀 1/nInsureDAO is aiming to provide a safety net for protocols and users in Astar Network. We believe that we could help the upcoming projects to lower the risks, and accelerate the project launch on Astar.
2. Stellaswap x CrystlFinance
We're excited to announce a partnership with @CrystlFinance!🔥 They're a new breed of #yield optimizers that allows for custom strategies. You can now automate your reinvestments back into other LP farms with much higher yield potential! 🤯 Read: stellaswap.medium.com/stellaswap-par…Crystl Finance is an upcoming yield optimizer that has pioneered a new kind of automated vaults called ultra farms. Crystl is currently live on Polygon, Binance Chain and Cronos. With the expansion towards Moonbeam, Crystl will offer automated yield optimizing support for StellaSwap’s LP farms.
3. Capx becomes the first dApp to be launched on Karura
🥂@CapxFi has launched on Karura! Teams and users can begin leveraging Capx's wrapped vesting tokens, which reduces token unlock sell pressure by creating a secondary market for vesting digital assets. 📽️ Full video: youtube.com/watch?v=tgNPSx… @danreecer_ & @HBxCapx discuss:Watch this amazing interview to learn more about the project.
4. Midas Capital Brings Fuse Pools to Moonbeam
We are excited to announce that @MidasCapitalxyz is bringing isolated lending/borrowing to @MoonbeamNetwork. Users will be able to create their own custom money markets and use a wider range of assets and asset types as collateral. More details👇 medium.com/midas-capital/…Midas aims to build a highly rewarding ecosystem across chains for both developers and investors. With isolated money markets, Midas Capital enables individual users, DAOs, and treasuries to earn yield, collateralize, and lend all the top assets in the ecosystem.
5. Acala is launching the aUSD fungibility pallet
We are launching the aUSD fungibility pallet, making $aUSD fungible when bridged between Karura & Acala, unifying aUSD liquidity and creating unified economic infrastructure for the @Polkadot and @kusamanetwork ecosystem. Details: acala.discourse.group/t/honzon-fungi… 🧵Unifying aUSD will bring a lot of benefits to Acala and the wider Dotsama ecosystem such as improving liquidity efficiency between Polkadot and Kusama, creating more arbitrage opportunities and stabilizing aUSD, and much more.
6. New HRMP Channels Have Opened Between Acala and Astar Network
New HRMP channels have been opened between @AstarNetwork and @AcalaNetwork to allow movement of the ASTR, ACA, and aUSD tokens! We are excited to build together with our friendly ecosystem partner Acala!Opening the HRMP channel with Acala and Karura will give a wide range of possibilities to the protocols building on Astar and Shiden Network. aUSD will bring new value in their protocols, likewise the liquid tokens LKSM and LDOT will add new options for their stablecoin AMMs, like Sirius Finance and Kagla creating LKSM <> KSM and LDOT <> DOT pairs.
7. Swim Launches Metapool on Karura’s EVM+, Enabling Native Stablecoin Swaps via Wormhole
We’re very excited to announce the launch of @SwimProtocol metapools on Karura’s EVM+, providing a multi-chain AMM for native assets designed to simplify bridging with multi-token liquidity pools via @wormholecrypto ⚡️ 🧵 medium.com/acalanetwork/s…Swim’s launch on Karura brings a multi-chain liquidity pool to the Karura and broader Kusama ecosystem. Swim will provide Karura with USDT metapool liquidity for increased DeFi and stablecoin functionality. The integration allows users to swap native stablecoins across eight supported ecosystems. Once Acala is live on Wormhole and aUSD is fungible across Karura and Acala, Swim will also add aUSD support for both platforms.
HIGHEST YIELD FARMS THIS WEEK
Moonbeam
GLMR/madUSDC on Beamswap 1120%
Moonriver
DOUBLOON/MOVR on Solarbeam 372%
DOUBLOON/TMAP on Solarbeam 278%
Astar Network
Karura
aUSD/AIR 523%
3pool 63%
Acala
ACA/aUSD 20%
aUSD/LDOT 18%
Bifrost
KSM/RMRK 30%
KSM/vKSM 29%
Parallel Heiko
KSM/cKSM-20/27 21%
KSM/HKO 5%
Note: The APR of yield farms changes rapidly. The numbers indicated above may not be representative for long.
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