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

Jul 24, 2022

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

Moonbeam Network #HarvestMoonbeam @MoonbeamNetwork
1/ Connected contract use cases outside #Polkadot require robust cross-chain channels for interoperability between chains. ➡️ Enter @axelarcore Learn about how Axelar leverages general message passing to connect remote blockchains in this blog demo👇 moonbeam.network/blog/connected…
moonbeam.networkCross-Chain Connected Contracts with Axelar | MoonbeamAxelar’s general message passing (GMP) allows smart contracts to communicate with each other across chains.
2:56 PM ∙ Jul 21, 2022
137Likes46Retweets
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 Network @integri_t_e_e
🚨 Integritee’s #token is now live on the @KaruraNetwork! ⚡ The availability of TEER on another @kusamanetwork parachain was made possible thanks to an #XCM integration. 🔗 Users can now hold & exchange TEER on Karura. Read all about it: 👇🏽 bit.ly/3znNl1C
bit.lyCross-chain Integration of Integritee and Karura is Complete, TEER Now Live on KaruraZurich, Switzerland — July 21, 2022 — The XCM (cross-consensus messaging) integration of Integritee and Karura has been completed: TEER is…
9:03 AM ∙ Jul 21, 2022
76Likes20Retweets
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

Karura - DeFi Hub of Kusama @KaruraNetwork
⛓ The cross-parachain channel between Karura and @oak_network 's Kusama-based Turing parachain is live! More ↘️
OAK Network @oak_network
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/aDtdbTZhNF
9:54 PM ∙ Jul 22, 2022
66Likes14Retweets
By adding support for HRMP, Turing becomes the automation hub for Kusama.

4. Updates from Polkadex

Polkadex @polkadex
What's next for Polkadex?👀 As we get closer to mainnet launches, here's all you need to know about #PolkaIDO, #PolkadexOrderbook, #THEA protocol, the Polkadex #parachain, & more NOW: Finishing protocol development 🛠 SOON: Application-focused growth 🚀 polkadex.medium.com/up-next-for-po…
polkadex.medium.comUp next for Polkadexers!Everything is coming together at Polkadex. Get ready for better non-custodial trading!
12:09 AM ∙ Jul 22, 2022
110Likes26Retweets

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

Parallel Finance (We are hiring) @ParallelFi
Eagle-eyed Parallel users have already noticed something 🆕👀 @Ledger 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/…
11:49 AM ∙ Jul 21, 2022
133Likes41Retweets
Probably the first Parachain to integrate ledger. Now, you can use Parallel apps with ledger dev mode.

6. SushiXSwap

SushiSwap @SushiSwap
🍣 Launching SushiXSwap 🔀 The first ever crosschain swap AMM built on @StargateFinance and @LayerZero_Labs launching on Ξ @ethereum 💙 @arbitrum 🔴 @optimismFND 🟦 @FantomFDN 🔺 @avalancheavax 🟡 @binance 💚 @0xPolygon Start trading now at sushi.com/swap
12:00 PM ∙ Jul 21, 2022
1,181Likes280Retweets
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.