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
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.
WEEKLY NEWS WRAP UP
1. Moonbeam x Axelar
1/ Connected contract use cases outside require robust cross-chain channels for interoperability between chains. ➡️ Enter Learn about how Axelar leverages general message passing to connect remote blockchains in this blog demo👇 moonbeam.network/blog/connected…
The Axelar Network protocol has extended the number of networks to be within Moonbeam’s reach by allowing tokens to be bridged between select Cosmos and EVM networks. In addition to token bridging, Axelar’s general message passing (GMP) allows smart contracts to communicate with each other across chains. This allows developers to build cross-chain connected applications on Moonbeam that can tap into functionality from Polkadot, Ethereum, Avalanche, Cosmos, and beyond.
2. Integritee x Karura
🚨 Integritee’s is now live on the ! ⚡ The availability of TEER on another parachain was made possible thanks to an integration. 🔗 Users can now hold & exchange TEER on Karura. Read all about it: 👇🏽 bit.ly/3znNl1C
The XCM (cross-consensus messaging) integration of Integritee and Karura has been completed: TEER is now on Karura and will be live on KaruraSwap in the very near future.
3. HRMP channel between Karura and Turing is finally live
⛓ The cross-parachain channel between Karura and 's Kusama-based Turing parachain is live! More ↘️Our HRMP channel is OPEN with @KaruraNetwork & we are so excited to build cross-chain automation! Tell us what you want automated on Karuara in the replies 📈Auto-compounding 📈Limit Orders 📈Self-repaying vaults Learn more about our HRMP channels here https://t.co/aDtdbTZhNFOAK Network @oak_network
By adding support for HRMP, Turing becomes the automation hub for Kusama.
4. Updates from Polkadex
What's next for Polkadex?👀 As we get closer to mainnet launches, here's all you need to know about , , protocol, the Polkadex , & more NOW: Finishing protocol development 🛠 SOON: Application-focused growth 🚀 polkadex.medium.com/up-next-for-po…
After the successful runtime upgrade to v1.0.8, the public testnet release of Polkadex Orderbook, and the launch of the Polkadex Open Beta, the Polkadex network is getting ready for the mainnet releases of PolkaIDO and Polkadex Orderbook.
5. Parallel x Ledger
Eagle-eyed Parallel users have already noticed something 🆕👀 Wallet support is available in dev mode! 🔥 Note: 🔹We're in dev mode 🔹While functional, we are making final tweaks for official launch 🔹Use w/ discretion 🔹DM if you see bugs 📚: developers.ledger.com/docs/live-app/…
Probably the first Parachain to integrate ledger. Now, you can use Parallel apps with ledger dev mode.
🍣 Launching SushiXSwap 🔀 The first ever crosschain swap AMM built on and launching on Ξ 💙 🔴 🟦 🔺 🟡 💚 Start trading now at sushi.com/swap
The first ever Crosschain AMM, built on Stargate. Users can now transfer tokens to any network supported by LayerZero Protocol in one click without ever leaving Sushi.
HIGHEST YIELD FARMS THIS WEEK
Note: The APR of yield farms changes rapidly. The numbers indicated above may not be representative for long.
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