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.
— tofuNFT📛 / The largest NFT marketplace on BSC (@tofuNFT) February 25, 2022
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.
Read more⬇️ https://t.co/1LuXhi3Lzl
— Horizon Protocol (@HorizonProtocol) February 25, 2022
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.
— Request Finance (@RequestFinance) February 25, 2022
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.
🍀Excited to partner with @CelerNetwork to enable multi-chain asset and message bridging between Clover's upcoming EVM chain and other blockchains and layer2s
🤝Celer cBridge has added support for Clover wallet @PassportClover enabling seamless multi-chain bridging UX pic.twitter.com/7AjtKHhFqm
— CLV Finance (@clv_finance) February 24, 2022
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.
Learn more: https://t.co/YyBWcY5RjK
— Solv Protocol (@SolvProtocol) February 24, 2022
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.
LABEL Foundation's native token LBL is now available on Top South Korean Digital Asset Exchange — @CoinoneOfficial!🥳
📌Listing pair – LBL/KRW🔥
📌Sell Order Open – 18:00 PM (KST)🔥
📌Buy Order Open – 18:05 PM (KST)🔥
👉Check it out: https://t.co/MJfe8EQZ1O
— LABEL Foundation (@LABELFoundation) February 24, 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.
After a thorough review of the submitted codes and audit reports, it's official:
Note: Only the protocols mentioned above have been whitelisted at this time🧐
— Platypus 🔺 (@Platypusdefi) February 25, 2022
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.
ZK Rollups capable of general computation are often considered key to Ethereum’s endgame, but a year ago, leading researchers believed we were many years away.
Today, we’re launching the first EVM-compatible ZK Rollup on public testnet.https://t.co/oecCcn5pIY
— zkSync (@zksync) February 22, 2022
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
- Secure nodes
- Decentralization, among other important features.
💫We are honored to integrate @chainlink, to help secure Lending and borrowing operations on Solana!
👉🏻Please check article https://t.co/QFcUA7eAMH
— Larix(Hiring,Hiring) (@ProjectLarix) February 22, 2022
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%
🚨 Native USDT liquidity pool is now LIVE on Platypus!! 🚨
💰 Farming rewards will be adjusted as follow:
USDT.e – 25%
USDC.e – 25%
DAI.e – 15%
USDC – 20%
USDT – 15%
Perfect demonstration of the amazing scalability of Platypus! 😎 pic.twitter.com/1STJcHrrL2
— Platypus 🔺 (@Platypusdefi) February 22, 2022
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