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DeFi Wrap-Up by YieldBay
Ahoy sailors! It's shipping szn and we have some major updates from us along with 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.
Our devs have been working on a listicle of all the yield farms on Dotsama for some time and the alpha version is finally here!
With YieldBay List, we aim to help you find the best yield farms in one place.
This initial release supports Solarbeam farms on Moonriver and Stellaswap farms on Moonbeam. We’ll be adding more DEXes and parachains every week.
Check it out at list.yieldbay.io.
WARP allows users to add liquidity (or withdraw liquidity) in only one transaction to a Solarbeam Liquidity Pool in a token of user’s choice.
WEEKLY WRAP UP
1. Acala introduces the ‘Interprotocol aUSD Distribution Scheme’ (IADS)
1/ Today Acala introduces the ‘Interprotocol aUSD Distribution Scheme’ (IADS), enabling , , and protocols on any parachain to be liquidity distributors for $aUSD across and . Forum post: acala.discourse.group/t/proposal-for… Thread ↴
IADS V0 is being proposed to launch as a new approach to providing liquidity into stableswap protocols like Taiga protocol. IADS will directly generate aUSD to be deposited into the Taiga 3-pool to improve liquidity efficiency and aid with keeping aUSD pegged to $1. This aUSD minted by IADS will be backed by 3USD, the LP token from the USDT-USDC-aUSD 3-pool.
2. Gas refund is LIVE on StellaSwap
💥 Gas refund is LIVE! Stake $STELLA for gasless txns on & ! We've kept it a secret to reward existing xSTELLA holders first🙏 ⌚️ Start: Jul 5, 1600 UTC 🔳 Block Number: 1377710 ⭐️ Live on Web: Jul 7, 1600 UTC stellaswap.medium.com/stellaswap-lau…
For the next 3 months, those who stake their STELLA into xSTELLA would be eligible to get gas refunds for any transaction they’re performing on StellaSwap. Users spent gas amount will be refunded in STELLA tokens at the beginning of each subsequent month.
3. AIR/aUSD is going live on Karura Network Swap
AIR/aUSD is going live on Swap, with a 1M AIR + 2,000 KAR incentive program! This listing shows XCM in action: Altair and Karura will seamlessly communicate and transfer tokens cross-chain ⛓ Bootstrapping is expected to begin July 13.
The AIR/aUSD bootstrapping period will start at block 2266477 (est. 7/13/2022 13:00 UTC) and will last for 48 hours. If liquidity targets are met, AIR/aUSD will be tradable on Karura Swap shortly after the end of the bootstrapping period.
4. Darwinia has won the 21st Parachain Auction on Polkadot!
5. Migration of HydraDX from solo-chain towards a Polkadot parachain
The migration of HydraDX from solo chain towards parachain has been completed. Welcome to the Polkadot network, Hydraheads! 🔥🔥🔥 hydradx.substack.com/p/hydradx-migr…
Migration of HydraDX from solo-chain towards a Polkadot parachain is now complete. Since they are no longer producing any blocks on Snakenet, it is safe for all validators to stop validating and to shut down their nodes.
6. The Parallel Heiko crowdloan is live.
HIGHEST YIELD FARMS THIS WEEK
veSOLAR on Solarbeam 119%
Taiga 3pool 43% (stable pool)
Note: The APR of yield farms changes rapidly. The numbers indicated above may not be representative for long.
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