DeFi Wrap-Up by YieldBay
Hey there sailors! Here's your 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.
Zenlink DEX on Astar has been listed on YieldBay List.
xcKMA<>WMOVR farm on Solarbeam has also been listed.
More integrations coming super soon!
1. The Interim Grants Program
The conversation continues as more of the community gives feedback on the community proposal for a new grants process on Moonbeam 🤔 What do you think? Weigh in with your thoughts on Polkassembly ⬇️ moonbeam.polkassembly.network/post/131
The proposed governance measures describe a community driven and transparent process for issuing grants on the Moonbeam Network “Interim Grants Program”. The goal of this Grants Program is to further the adoption, utilization, and development of the Moonbeam Network as a premier destination for cross chain connected smart contracts and applications. Projects funded through the Interim Grants Program will be broad in scope from funding software development for applications, infrastructure, tooling to education programs and project initiatives that bootstrap activity, adoption and overall growth of Moonbeam.
2. nASTR pool on Kagla
🎯 A REMINDER that Two Astar projects have joined forces for an important farming campaign with high rewards! 🎯 Check out the blog post here: 👀 bit.ly/3RsXb8G
Algem, the leading DeFi liquidity hub in the Astar Network is partnering up with Kagla Finance. Kagla is an AMM (Automated Market Maker) and StableSwap protocol on Astar Network with low slippage and transaction fees. 75,000 ALGM bonus and extra KGL rewards are ready to be distributed to the participants.
3. Aventus Network x Parity Tech
We are joining forces with to bring blockchain to businesses! The partnership will leverage existing synergies between both companies, including a joint focus on interoperability, sustainability & approach to technology eu1.hubs.ly/H01FgJy0
Aventus and Parity will create enterprise applications to be built on top of the Aventus Network, which is planning to migrate to Parity’s Polkadot ecosystem next month. The teams will join forces to expand the Polkadot ecosystem, and drive additional blockchain adoption across Aventus’ existing enterprise use cases, including loyalty, video games, aviation, ticketing and NFTs – for which Aventus already holds exclusive rights to a number of major blockbuster films.
4. peaq integrates with AllianceBlock’s Fundrs platform
., the Web3 network powering the EoT, announces its integration with Fundrs, a fully-decentralized peer-to-peer funding platform, launched by end-to-end decentralized finance solutions provider .
peaq is the first project within the Polkadot ecosystem to integrate with Fundrs, granting the larger Polkadot community access to its contributor community spanning across leading layer-1 blockchains with market caps counting in billions. The integration begins with peaq’s Agung testnet, accessible on the Fundrs app at this link. In the future, the integration will expand to peaq’s mainnet once it goes live, enabling the Fundrs community to support projects geared toward decentralizing real-world services.
5. SubBridge Launches on Phala Network
🔊 subbridge.io has progressed to the next stage⏬ 🌉 The two-way transfer from to is officially live now! ✅ PHA🔁ERC20-PHA ✅ K-PHA🔁ERC20-PHA 💡 Want to bridge Phala🔁Khala? Stay tuned! link.medium.com/fKX227GKXsb
Now, you can swap PHA to Ethereum in a decentralized way with no fee beyond an Ethereum transaction fee. Reverse transfer can also be achieved (That is, you can transfer ERC20-PHA to the Phala blockchain too). SubBridge enables the transfer among Phala, Khala, and Ethereum. You can swap Phala’s assets ERC20-PHA, K-PHA, and PHA. (Note: the direct transaction between K-PHA and PHA is not available as of now. If you have to do this, please connect with Ethereum separately.)
6. Relation x Talisman
As a Web3 social graph infrastructure builder, Relation aims to serve more users and aggregate more social connection data across chains. Relation ONE is the main user-side decentralized application of Relation social graph services. To become more compatible with different blockchain ecosystems, Relation has been actively integrating with multiple chains and crypto wallets in Relation ONE.
7. Polkassembly x Gear
We’re super excited to announce our integration with ! Together we will be able to make on-chain governance more approachable and accessible, contributing to the advancing the adoption of proposals within .
This integration provides Gear users with a user-friendly interface for discussing and participating in ongoing on-chain governance proposals directly from the Gear website. Polkassembly is currently enabled to support the Gear Protocol TestNet, and will continue to add support for any network launched on the Gear Protocol in the future. This integration will make on-chain governance more approachable and accessible, further facilitating the adoption of proposals to advance Web3.
8. Parallel/Heiko AMM APY Multiplier Is Now Activated!
Parallel/Heiko AMM APY Multiplier is now activated! 💥💥 Selected Pairs are given from 1.7x up to 40x APY boost. The extra APY will be paid in PARA/HKO. Read more below: medium.com/parallel-finan…
In order to further strengthen the liquidity on Parallel/Heiko AMM and to bring a better user experience to sTOKEN holders as well as PARA/HKO token holders, an APY multiplier of up to 40x has now been activated for selected pairs on Parallel/Heiko AMM.
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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