The DeFi space has continued to garner the attention of enthusiasts worldwide while also recording massive growth and adoption. At the time of writing this article, the total DeFi Marketcap is at $102.6 billion.
To keep our readers informed, we have compiled some of last week’s top DeFi updates. These DeFi updates range from strategic partnerships, to project launches and exciting updates. Binance Smart Chain (BSC) version 1.1.8 launch and tofuNFT partnership with BreederDodo are some of last week’s top DeFi updates.
1. tofuNFT Partnered With Farm Skylines
tofuNFT, formerly known as SCV Finance, has strategically partnered with Farm skylines last week. Farm Skyline is a Play-to-Earn (P2E) virtual farm and blockchain game. It provides users the ability to cultivate their virtual land by sowing seeds and then harvesting the fruits.
Thanks to the partnership, tofuNFT will serve as a reliable marketplace for Skylines. Also, tofuNFT is currently the largest NFT marketplace on Binance Smart Chain (BSC).
🎉We are excited to announce an official partnership with @farmskylines, a virtual farm and blockchain game where you will cultivate your land, sow seeds and harvest the fruits by yourself on an island in the sky.
👇Check them here:https://t.co/nKRzqiKSGa pic.twitter.com/9HLGlQgnET
— tofuNFT📛 / The largest NFT marketplace on BSC (@tofuNFT) January 28, 2022
2. Binance Labs Now Solv Protocol Strategic Investor
Last week, Binance Labs made a strategic investment in the DeFi NFT marketplace by becoming a strategic investor of Solv Protocol. Notably, this also means that Solv protocol is now a member of the Binance Labs family. Together, both platforms will work to increase financial NFTs in the crypto space.
According to the annoucement, the protocol will be able to create and launch NFTs on the Binance NFT marketplace. Interestingly, Binance Labs is the VC and innovation hub of Binance.
— Binance Labs Fund (@BinanceLabs) January 27, 2022
3. Idle DAO Launch Liquidity on Bancor
Yield network for LPs and integrators Idle DAO has announced the release of liquidity on Bancor. According to the announcement, the liquidity was released from Idle Treasury and was subsequently deployed on Bancor.
This launch of liquidity will furthermore provide users with top-notch benefits like;
- Reduction of slippage
- Increased market liquidity.
On the other hand, the idle DAO platform will enjoy improved capital efficiency, IL protection, and single asset exposure.
Idle’s treasury made a sizeable liquidity deployment in @Bancor!
⚖️ Users benefits: increased market liquidity & slippage reduction
— Idle DAO (@idlefinance) January 27, 2022
4. Project Larix DeFi 2.0 Launch
Last week, the Solana-based financial metaverse protocol, Larix, launched its DeFi version 2.0. Closely following the launch, Larix experienced a remarkable increase in its TVL. Larix currently has the highest supply APR and the lowest borrow APR on Solana. Stakers also earn 5x booster rewards.
🔮 @ProjectLarix DeFi2.0 mining is officially Live ! Early birds get highest APR! First come first serve !
🚀 The highest supply APR and the lowest borrow APR in #Solana ecosystem.
👉🏻please enjoy this juice APY via @BitKeepOS
— Larix(Hiring,Hiring) (@ProjectLarix) January 28, 2022
5. Label Foundation OPEN TRACK v.2.0 Launch
Content trading MOOC platform, Label Foundation, has announced the launch of its OPEN TRACK version 2.0. OPEN TRACK is the core content platform of Label Foundation. Its version 2.0 launch will feature top artists like “[…] Justin Bieber’s Producer for “Peaches” Harv.”
Also, OPEN TRACK was first designed as an offline masterclass platform. However, according to the annoucement, its features and functions have been modified over time to facilitate online music education.
It's Official! 🙌
Our Core Content Platform, OPENTRACK, has launched its 2.0 version with even more top artists and a better LMS.
— LABEL Foundation (@LABELFoundation) January 27, 2022
6. WonderHero Game Launch
NFT, P2E, RPG mobile game, WonderHero,’ is officially live. To commemorate its launch, the RPG mobile game platform also launched a reward party. The party took place on January 26th, 2022. As a result, the platform provides users with the opportunity to earn more rewards.
Also, the first phase of the party is scheduled to end on February 6th, 2022.
❤️Starting WonderHero Game Launch with a BAAAAAAMMMM
📢Announcing the details of Rewards Party!
🎁THERE IS A SURPRISE that many community members have been looking forward to!
Find out in here: https://t.co/SBu8ZGiwfD
— WonderHero (@Wonderhero_io) January 26, 2022
7. Binance Smart Chain v 1.1.8 Goes Live
On the other hand, Binance Smart Chain (BSC) has announced the launch of its much-anticipated v.1.1.8 update. All node operators are advised to upgrade their software to this version.
According to the annoucement, BSC v.1.1.8 will bring several changes to the BSC network. Therefore, these changes include:
- State Verification and Commit Pipeline.
- Ancient Data Prune.
- Go native tracer.
🚨#BSC v1.1.8 is now available!
If you're a validator or node operator, please update to v1.1.8.
▶️State Verification & Commit Pipeline
▶️Ancient Data Prune
▶️Go Native Tracerhttps://t.co/HHmf46GmBI
— Binance Smart Chain (@BinanceChain) January 29, 2022
8. Aave V3 Protocol Launch
The much-anticipated Aave V3 protocol launch has gone live across 7 testnets. Thanks to the protocol launch, Aave is now one of the most secure, advanced, and DeFi protocols available today.
Also, users can start testing the V3 protocol on several testnets. As a result, some of these testnets include Harmony testnet, Ethereum Rinkeby, Fantom testnet, Avalanche Fuji, Polygon Mumbai, etc.
1/ It’s a great day to be a ghost👻
The Aave V3 protocol has been deployed across 7 testnets and is ready for you to take a spin 🙌 Check it out here: https://t.co/gJan82fADA
— Aave (@AaveAave) January 27, 2022
9. tofuNFT Partnership With BreederDodo
tofuNFT has strategically partnered with BreederDodo. Therefore, this partnership will provide a reliable NFT marketplace for BreederDodo’s DODO Minion. Interestingly, One DODO Minion can be divided into six categories using features like its headdress, face, skin, weapons, base, and background. Moreover, you can check out the DODO Minions here.
🎉We are excited to announce an official partnership with @BreederDodo, A DODO Minion can be divided into 6 categories of components: headdress, face, skin, weapons, base, and background.
👇Check them here:https://t.co/x4O5sOdqaW pic.twitter.com/3ZlmheYf5X
— tofuNFT📛 / The largest NFT marketplace on BSC (@tofuNFT) January 27, 2022
10. Polygon Records Major Milestone Achievement
According to the annoucement, Polygon now has over 7,000 dapps deployed on its chain. This is a major milestone achievement for the Polygon ecosystem. As of October 2021, dapps on Polygon were just over 3,000 which represents over twice in value in less than three months. Also, dapp building teams on Polygon grew by 43% in a space of one month.
Moreover, this milestone achievement is a clear pointer to Polygon’s fast-rising ecosystem.
— Polygon | $MATIC 💜 (@0xPolygon) January 27, 2022
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