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

Jul 10, 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.

UPDATES

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 is in beta now. It can be accessed by anyone. You don’t need to be a Bay Map holder to use it. Thank you everyone for providing suggestions and reporting bugs during the alpha phase.
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)

Acala @AcalaNetwork
1/ Today Acala introduces the ‘Interprotocol aUSD Distribution Scheme’ (IADS), enabling @TapioProtocol, @TaigaProtocol, and protocols on any parachain to be liquidity distributors for $aUSD across @Polkadot and @kusamanetwork. Forum post: acala.discourse.group/t/proposal-for… Thread ↴
4:05 AM ∙ Jul 8, 2022
307Likes76Retweets
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

StellaSwap - BUIDL with us! @StellaSwap
💥 Gas refund is LIVE! Stake $STELLA for gasless txns on @MoonbeamNetwork & @Polkadot! 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 #harvestmoonbeam stellaswap.medium.com/stellaswap-lau…
stellaswap.medium.comStellaSwap Launches Gas Refunds on Moonbeam & Polkadot, Allowing Free Txns by Staking xSTELLA! 🚀The StellaSwap team is ecstatic to announce the launch of our gas refund program for xSTELLA holders! This is the first such program on…
2:36 PM ∙ Jul 6, 2022
96Likes46Retweets
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

Altair @altair_network
AIR/aUSD is going live on @KaruraNetwork 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.
medium.comAIR/aUSD Listing and Liquidity Incentive Program Launching on Karura Swap48-hour bootstrap provisioning period expected live on July 13
4:10 PM ∙ Jul 7, 2022
97Likes23Retweets
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!

Altair @altair_network
AIR/aUSD is going live on @KaruraNetwork 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.
medium.comAIR/aUSD Listing and Liquidity Incentive Program Launching on Karura Swap48-hour bootstrap provisioning period expected live on July 13
4:10 PM ∙ Jul 7, 2022
97Likes23Retweets

5. Migration of HydraDX from solo-chain towards a Polkadot parachain

HydraDX @hydra_dx
The migration of HydraDX from solo chain towards parachain has been completed. Welcome to the Polkadot network, Hydraheads! 🔥🔥🔥 hydradx.substack.com/p/hydradx-migr…
hydradx.substack.comHydraDX Migration UpdateMigration to Polkadot Parachain, Distribution of BSX, Next Steps, Summer Events
5:38 PM ∙ Jul 6, 2022
243Likes44Retweets
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.

Parallel Finance (We are hiring) @ParallelFi
The Parallel Heiko crowdloan is live. Support the crowdloan to receive rewards: 🏆 Total Rewards: 5,000,000 HKO + cKSM ✨ Bonus: 10% $HKO bonus to investors who participated w/ the same wallet address in our 1st crowdloan last year! Thank you all! crowdloan-kusama.parallel.fi/#/contribute/2…
4:23 PM ∙ Jul 6, 2022
56Likes18Retweets