Top DeFi news february week 4

The DeFi space is one of the most sought-after aspects of the blockchain and cryptocurrency sphere. Over time, we have seen rising interest in this space. Also, a slow but steady shift from centralized exchanges to decentralized exchanges.

Therefore, to keep our readers informed of the latest news from the DeFi space, we have also compiled some of last week’s top DeFi updates. These DeFi updates range from strategic partnerships to product launches, events, etc. Let’s find out some of last week’s top DeFi updates

1. tofuNFT Partners With AstarBots

Fast-rising NFT marketplace, tofuNFT, is now in partnered with Astarbots. As a result, AstarBots collection of 8,800-pixel bots will be available on tofuNFT.

Moreover, tofuNFT is formerly known as SCV Finance, which is currently the largest NFT marketplace on Binance Smart Chain (BSC). Also, you can check out AstarBots’ unique pixel bots here.

2. Horizon Protocol Integrates Chainlink Price Feeds

DeFi platform Horizon protocol recently integrated Chainlink price feeds. Therefore,  Chainlink price feeds will provide Horizon Protocol with access to reliable and accurate asset prices. Also, the integration took place on the popular blockchain Binance Smart Chain (BSC).

As a result, Horizon will enjoy top-notch, tamper-proof, reliable, and accurate price feed. As a result, it will facilitate growth and development on the DeFi platform.

3. Arbitrum Powers Request Finance

Crypto invoicing and payroll made easy on Request Finance as it strategically partners with Arbitrum. According to the announcement, Arbitrum will now facilitate faster and cheaper invoicing and payroll on Request Finance.

Moreover, Request Finance helps users to seamlessly manage their payroll and invoices. Also, the platform currently boasts of completing more than $175 million crypto payments since its inception last year.

4. Clover Finance Partners With Celer Network

Inter blockchain and cross-layer communication platform, Celer network, recently entered into a strategic partnership with Clover Finance.

As a result, the partnership will help facilitate the launch of a multichain asset bridge between Clover’s proposed EVM chain and other layer 2 blockchains.

5. Solv Protocol Partners With OpenLeverage

Decentralized NFT minting marketplace Solv protocol has partnered with lending and margin trading protocol OpenLeverage.

Therefore, both platforms also launched a voucher reward program. The reward event which commenced on February 22nd is slated to end on March 1st, 2022, at exactly 12 pm UTC.

6. LABEL $LBL Token Now On Coinone

The popular South Korean exchange, Coinone, has added support for $LBL, the native token of the LABEL Foundation. As a result, users can now buy, sell and trade $LBL tokens on Coinone.

Therefore, the trading pair available will be the LBL/KRW. Also, officially the listing took place on February 24th, 2022.

7. Platypus Whitelists Echidna, Vector, Yield Yak

Avalanche-based AMM platform, Platypus Finance, adds Echidna, Vector, and Yield Yak to its whitelist. Therefore, according to the announcement, these additions were only possible after an in-depth review of their codes and submitted audit reports.

8. zkSync 2.0 Public Testnet Launch

The world welcomes the first-ever EVM-compatible ZK Rollup. Therefore, the roll-up recently launched its testnet on popular public chain Ethereum.

In addition, this is a major step for the entire blockchain and crypto space. As a result, it will facilitate a much-needed move from human validators to cryptography.

9. Larix Integrates Chainlink Price Feeds

On  the other hand, Solana-based metaverse finance protocol, Larix, enlists the support of Chainlink and its reliable price feeds. As a result, according to the announcement, Larrix will make use of Chainlink price feeds to secure its lending and borrowing activities on Solana. Therefore, Chainlink Price Feeds was the go-to oracle solution for:

  • Top-notch quality data feeds
  • Tamper-proof
  • Secure nodes
  • Decentralization, among other important features.

10. USDT Liquidity Pool Now on Platypus

Finally, the Avalanche-based AMM protocol Platypus has added support for native USDT pool. As a result, the pool comes with exciting APYs, which provides its users with the opportunity to mint USDT from Bitfinex to Avalanche.

Moreover, farming rewards on the native liquidity pools will include:

  • USDT.e – 25%
  • USDC.e – 25%
  • DAI.e – 15%
  • USDC – 20%
  • USDT – 15%

Also, join us on Telegram to receive free trading signals.

Above all, for more cryptocurrency news, check out the Altcoin Buzz YouTube channel.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.