The Bay Journal

Share this post
DeFi Wrap-Up by YieldBay
blog.yieldbay.io

DeFi Wrap-Up by YieldBay

We're here with more Dotsama DeFi updates with a list of the highest APR yield farms for our sailors.

Sylvia Plath
Apr 17, 2022
Share this post
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. $USDT is now on Kusama! 

Twitter avatar for @Tether_to
Tether @Tether_to
#Tether USDt launches on Kusama
Image
2:37 PM ∙ Apr 13, 2022
434Likes89Retweets

This makes transferring of $USDT from CEXs much more smooth and will help with liquidity and further adoption of Kusama Network and eventually Polkadot.

2. Para AMM is officially live! 

Users can now swap DOT, cDOT & PARA as well as add liquidity to earn yield. Start trading and Earning yield on your DOT, PARA and cDOT today by clicking here.

3. Runtime 1401 Upgrade is now live on Moonriver 

It’s coming soon to Moonbeam Network too! This allows projects to mint/burn new XC-20s on-chain and increases flexibility for projects and token holders in how & where they use their tokens.

4. Moonbeam has announced the availability of the Bifrost Finance token $BNC on Moonriver

Bifrost’s token can now be used as xcBNC (an XC-20 representation of BNC) across the Moonriver ecosystem, and the MOVR token is now available on Bifrost. This cross-chain channel and the listing of the xcBNC asset were each launched following a successful on-chain governance vote. The connection between these two growing parachains is made possible by XCM, native cross-consensus messaging, which continues to enable rich inter-parachain integrations across the broader Kusama ecosystem.

5. Karura & Anchor protocol are integrating 

They plan to grow the decentralized stablecoin market and unite the Polkadot and Terra Money DeFi ecosystems. Karura's Liquid KSM, $LKSM, to become a collateral for additional yield on Anchor with $UST. 

6. Congratulations to Unique Network on securing the 14th Polkadot parachain auction! 

Twitter avatar for @Unique_NFTchain
Unique Network @Unique_NFTchain
We did it 🥳 Unique has officially won the 14th @Polkadot parachain auction!
Image
8:02 PM ∙ Apr 12, 2022
900Likes253Retweets

Parallel users contributed 33.66% of the total 822.9k $DOT, the highest amount from a third-party platform.

7. EVM assets integration for Moonbeam Network

Twitter avatar for @subwalletapp
SubWallet @subwalletapp
Have you heard of @MoonbeamNetwork and @MoonriverNW's #EVM assets #integration into our wallet? Oh yes, it IS huge. Show hands if you are head over heels for this frictionless #Web3 experience ❤️‍🔥🤟 Now back to work on that plethora of new features👀🛠 bit.ly/3jI81cg
Image
2:00 PM ∙ Apr 15, 2022
57Likes17Retweets

Subwallet, a native wallet for managing assets in the Dotsama ecosystem, has officially integrated EVM assets on Moonbeam Network and Moonriver, including $GLMR, $MOVR, and XC-20 assets! 

HIGHEST YIELD FARMS THIS WEEK

Moonbeam 

CGS/USDC on Beamswap 313%

STELLA/USDC on Stella Swap 257%

GLMR/FLARE on Solarflare 193%

FLARE/USDC on Solarflare 185%

STELLA/USDC on Stella Swap 182%

Moonriver

PETS/MOVR on Moonlit Finance 499%

WMOVR/stKSM on Sushiswap 359%

WMOVR/xcKSM on Sushiswap 354%

veSOLAR on Solarbeam 324%

SPDR/MOVR on Solarbeam 323%


In case you haven’t, don’t forget to subscribe to The Bay Journal newsletter to stay up to date with DotSama farms and the happenings in the bay.


Looking to become a sailor?

  • Follow us on Twitter for updates:

🐦 Follow @yield_bay on twitter

  • Join us on discord for alpha:

👾 Join Yield Bay on Discord

Share this post
DeFi Wrap-Up by YieldBay
blog.yieldbay.io
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Yield Bay
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing