Discover more from The Bay Journal
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.
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!
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!
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
Have you heard of and 's assets into our wallet? Oh yes, it IS huge. Show hands if you are head over heels for this frictionless experience ❤️🔥🤟 Now back to work on that plethora of new features👀🛠 bit.ly/3jI81cg
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
CGS/USDC on Beamswap 313%
veSOLAR on Solarbeam 324%
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:
Join us on discord for alpha: