The DeFi space has continued to grow exponentially. Rising to become one of the most important sectors in the blockchain and cryptocurrency space.
This article contains details of some of last week’s top DeFi updates. These DeFi updates include strategic partnerships, token launches, etc. Let’s find out some of last week’s DeFi updates
1. DeFi Launch Goes Live on Avalanche
Multichain project and incubator launchpad DeFi Launch has launched on Avalanche. This means that the DeFi Launch launchpad will now be operational on the Avalanche network. As part of the launch, the launchpad platform has revealed details of an upcoming $DLAUNCH presale.
The presale will take place on February 13th, 2022, and is expected to raise 75,000 USDC.
✅Stay tuned to: 👀 https://t.co/tqcATnXfPR
— DeFi Launch🔺 (@defi_launch) February 5, 2022
2. Rigel Protocol Launch on Oasis Protocol
Last week, Rigel protocol disclosed plans to launch on Oasis Protocol. The strategic launch is aimed at bringing Rigel closer to its goal of creating Dapps with an intuitive user experience (UX).
Oasis network is renowned for its scalability, privacy, and versatility. It is also a Layer 1 blockchain designed to ensure a better internet blockchain.
💎Rigel Protocol is coming to @OasisProtocol!
🤩All $RGP Holders will receive a FREE #Airdrop on the Oasis Network after the Snapshot on 14/02/2022
✅Check our Medium post for more details: https://t.co/pnMtjcC4ve#Defi #RigelProtocol #OasisNetwork #crypto #dApps
— Rigel Protocol (@rigelprotocol) February 4, 2022
3. Wavebridge Labs Becomes a Chainlink Node
Quantitative financial investment firm, Wavebridge, is now one of the Chainlink nodes. This company provides access to top-notch index data in the Korean crypto market space.
Chainlink is well-known for its reliable, secure, and accurate data oracle price feeds. Incorporating Wavebridge labs will help Chainlink provide data indexes like CMX10, KIMP index, etc.
To unlock advanced use cases, #DeFi apps need off-chain data.@wavebridgelabs has now launched its official #Chainlink node, giving smart contract developers access to Korean domestic market index data.
Read more 👇https://t.co/eR6Rn9WTN4
— Chainlink (@chainlink) February 4, 2022
4. tofuNFT | Solavatar Partnership
tofuNFT formerly SCV Finance has strategically partnered with Moonbeam-based metaverse project Solavatar. Therefore, the partnership will help facilitate the organizing of NFTs on the tofuNFT platform.
Moreover, tofuNFT is currently the largest NFT marketplace on Binance Smart Chain (BSC).
🎉We are excited to announce an official partnership with @solavatar2 , a collection of 1,000 extended reality Blockchain-based metaverse project on Moonbeam.
— tofuNFT📛 / The largest NFT marketplace on BSC (@tofuNFT) February 3, 2022
5. Raydium Protocol Partnership With Atlas DEX
Solana-based AMM and liquidity provider (LP) platform, Raydium protocol, has strategically partnered with Atlas DEX. Therefore, both platforms also launched an Atlas Fusion pool for ATS/USDC trading pairs.
Moreover, Atlas DEX is popularly known as a decentralized cross-chain liquidity aggregator platform. The protocol facilitates swaps and transfers of crypto assets across several chains like BSC, Solana, Ethereum, Polygon (MATIC), etc.
Our Fusion Pool with @RaydiumProtocol is LIVE!
Rewards in $ATS
— Atlas DEX (@atlas_dex) February 2, 2022
6. Polkamarkets Partners With SubQuery Network
Polkadot-based prediction market platform, Polkamarkets, recently entered into a strategic partnership with SubQuery Network. As a result, SubQuery will aggregate and index the Polkamarket protocol. Also, it will provide users with access to their portfolio or transaction history.
Moreover, SubQuery will provide important details like Market Outcomes, Market resolution. Also, ensure a top-notch user experience on the Polkamarket webapp.
🔷 We're happy to announce that we're partnering with @SubQueryNetwork to enable a reliable data aggregator for the Polkamarkets protocol.
A more scalable solution is needed in order to bring the best user experience to the Pokamarkets' webapp.https://t.co/mW0LKhTCkP
— Polkamarkets Labs (@polkamarkets) February 1, 2022
7. Fantom Foundation Partners With Request Finance
According to the partnership, Request Finance will help manage transactions on Fantom Foundation. Therefore, this will help provide Fantom users with payments support and the opportunity to seamlessly track their payment transactions on Fantom.
For the uninformed, Fantom is an L-1 platform with a focus on ensuring transactions are fast and scalable.
We’re delighted to report that the use of the @RequestFinance app has scaled with Fantom!
Request now supports 15+ cryptocurrencies on the Fantom network for crypto invoicing and payments.
— Fantom Foundation (@FantomFDN) February 3, 2022
8. The Graph Advocate Program Launch
Last week, web 3 indexing and data querying blockchain, The Graph, announced the launch of its Advocate Program. As a result, the Graph Advocate Program will help facilitate awareness and adoption for Web 3.
Notably, The Graph Advocate Program is both governed by community members and also community-driven. Interestingly, the first set of The Graph Advocate cohorts is from 12 countries. Also, there are currently six Advocate roles available namely; Event Evangelists, Content Creators, Text Translators, Community Care, Technical teacher, and Web 3 welcomer.
A new path to participate in web3 & The Graph is here🌟
With the launch of the Graph Advocates, every kind of dreamer & doer is welcome to collaborate, learn from one another, & contribute to the future of web3.
Learn more about Graph Advocates & apply: https://t.co/WgfMP7wWvF
— The Graph (@graphprotocol) February 2, 2022
9. Alter Tokens Now Live on SecretSwap
On the other hand, $ALTER tokens have been listed on the SecretSwap platform. Supported trading pairs include SCRT/ALTER and ALTER/USDC.
Moreover, ALTER is a decentralized communication platform providing a reliable and secure alternative to traditional means of communicating.
We've got a HUGE update for you in our latest Medium article.
$SCRT / $ALTER
$ALTER / $USDC
🚀The $SEFI Infinity pool has gone FULLY LIVE!
💬 New official chat channels!
& more!https://t.co/gsrzdc0QOf pic.twitter.com/sbdAQmfk7u
— SecretSwap (@secret_swap) February 3, 2022
10. Bankless DAO And Balancer Labs Partnership
Above all, BanklessDAO, known for its focus on spearheading a bankless world, has entered into a strategic partnership with programmable liquidity platform Balancer Labs.
Previously, Bankless DAO and Balancer partnered in 2021 to launch an educational campaign event with an 80% (BANK) and a 20% (WETH) Balancer V2 LP on Ethereum. Therefore, this year, the partnership will be focused on improving the establishments of SubDAOs.
Proud to announce a strong new partnership with @balancer @BalancerLabs on:
Collaborative Sponsorship + Liquidity Incentives +
Education & Media Coverage = Web3 (Cover @CosmicClancy) https://t.co/kYozk9J72I
— BanklessDAO 🏴 (@banklessDAO) February 2, 2022
Also, join us on Telegram to receive free trading signals.
Finally, for more cryptocurrency news, check out the Altcoin Buzz YouTube channel.