DeFi news march week 3

The DeFi space has grown exponentially over the last couple of years. At the time of writing, according to CoinGecko, it has a global market cap of $124 billion and a 24-trading trading volume of $7.8 billion.

Therefore, to keep our readers informed we have compiled some of last week’s DeFi updates. As a result, these DeFi updates include strategic partnerships, project launches, etc. Let’s find out some more top DeFi updates.

1. Unstoppable Domain New Feature Launch

First, the top provider of NFT domains, Unstoppable Domains, recently included a new feature on its platform. According to the announcement, the new feature “Humanity Check” will facilitate easy login.

Therefore, this new feature makes it possible for domain owners to enjoy seamless access to more Web 3 applications. Also, it will provide NFT owners with access to exciting new security features.

2. Terra USD (UST) Now on Polygon

Then, the popular algorithmic stablecoin, Terra USD (UST), is now live on Polygon. In addition, this listing is made possible via the fiat-to-crypto gateway platform Transak. Also, this means that users can now purchase UST on Polygon using Transak.

3. dForce is Coming to Polygon

Next, dForce, an integrated platform for DeFi protocols, has announced plans to launch DeFi protocols on Polygon. Therefore, the announcement is in line with dForce expansion plans.

4. Polkastarter Gaming Guild Partners With RealFevr

Polkastarter gaming guild, the blockchain gaming platform powered by Polkastarter, recently entered into a strategic partnership with Real Fevr. In addition, as part of the partnership, both platforms are looking forward to the official Alpha testing 2.0 for FEVR Battle Arena.

Notably, RealFevr is a unique sports video NFT marketplace. Also, RealFevr is working towards launching its Play-to-Earn (P2E) game.

5. Aave V3 Protocol Launch

Open-source, non-custodial liquidity protocol, Aave, recently launched its V3 protocol. Then, according to the announcement, the Aave V3 protocol currently stands as the most up-to-date version of the Aave Protocol. Also, it is the most powerful and most recent update.

Then, Aave V3 comes with several amazing features:

  • Better capital efficiency
  • Decentralization
  • Portals
  • Gas optimization
  • Isolation mode setting
  • L2 designs
  • Better risk management features, etc.

Moreover, Aave V3 will be compatible with several wallet platforms like 1inch, Instadapp, DeFiSaver, DeBank DeFi, etc.

6. Zebec Integrates Chainlink Price Feeds

Then, Zebec recently enlists the support of Chainlink and its reliable Price Feeds. Chainlink price feeds will help provide security for Zebec’s automated dollar-cost averaging feature.

Then, Chainlink, according to the announcement, is the go-to oracle platform because of its decentralization. It is also tamper-proof and boasts of secure nodes.

7. Transak | OneRare Partnership

Fait-to-Crypto platform, Transak, has partnered with OneRare. OneRare is the world’s first-ever food metaverse game. Therefore, the partnership will help facilitate transactions involving OneRare native token $ORARE.

Simply put, users will be able to buy $ORARE using over 60 fiat currencies across 100 countries globally.

8. Timeswap Now on Polygon

Primitive DeFi platform, Timeswap, is now on the Polygon chain. Also, Timeswap is the brainchild of TimeswapLabs. TimeswapLabs is the first-ever oracle-less Money Market Protocol. Also, it offers users both permissionless and non-liquidated loans.

Therefore, Timeswap is quite similar to Uniswap. However, as compared to Uniswap, it only has two features: lending and borrowing.

9. AllianceBlock is Coming to VISIV

AllianceBlock technology is now on VISIV. The partnership will strategically help to boost innovation in the electronic music sector. As a result, with AllianceBlock, VISIV will be in a better place to expand into the world of Web 3.0.

Therefore, with this partnership, we should expect more electronic music in web 3.0 features like NFTs, the Metaverse, blockchain gaming, etc.

10. Jet Protocol Launch

Solana-based lending and borrowing protocol, Jet, has released details of its JetDAO and Jet governance launch. Therefore, the protocol launch will see the introduction of important features like;

  • General assembly.
  • Governance Committee.
  • Sub-committees.
  • Core Units.
  • Lastly JET token holders.

Also, the protocol launch indicates the enlisting of $JET token holders in the governance and decision-making process of the protocol.

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