Several interesting updates took place in the decentralized finance (DeFi) space last week. To keep our readers informed we have compiled some of last week’s top DeFi updates.
As a result, these DeFi updates range from strategic partnerships, product launches, updates, etc. Let’s find out some more DeFi updates.
1. $LUNA Now on Planet Finance
Exciting news for Terra Money, a public blockchain protocol known for its focus on bringing DeFi to the masses. Therefore, TERRA native token $LUNA has officially gone live on Planet Finance.
Interestingly, this move also signifies the launch of a new money market.
New Money Market 🚨$LUNA is now live on 🟢https://t.co/MB1Z7UMiTT @terra_money is a public blockchain protocol deploying a suite of algorithmic decentralized stablecoins which underpin a thriving ecosystem that brings DeFi to the masses.
— Planet (@planet_finance) February 12, 2022
2. EverRise Integrates Chainlink Price Feeds
The Multi-chain DeFi security platform, EverRise, has disclosed details of a strategic partnership with Chainlink. Providing it with the opportunity to provide its users with a myriad of multi-chain services.
According to the partnership, EverRise will have access to Chainlink’s reliable, secure, and accurate price feeds. Also, the price feeds will facilitate real-time conversions, help monitor token prices, calculate gas fees, among others.
#Chainlink off-chain services unlock multi-chain applications. @EverRise is using @Chainlink Price Feeds to calculate cross-chain gas fees, provide real-time conversions, & monitor token prices across #BSC, #Ethereum, #Avalanche, #Polygon, and #Fantom.https://t.co/JHB2G5eXRo
— Powered by Chainlink (@Smart_Contract) February 11, 2022
3. Clover Finance Partnership With HyperJump
Fantom and BSC-based play-to-earn and farm-to-earn DEX platform, HyperJump, has strategically partnered with Clover Finance. Also, HyperJump is currently one of the top DeFi projects on both Binance Smart Chain and Fantom ecosystem.
According to the partnership, HyperJump has also integrated Clover wallets. Therefore, bringing a seamless and top-notch DeFi experience to users
☑️ HyperJump has integrated Clover multichain Wallet to it's all-in-one dApp interface bringing a DeFiVerse experience to everyone's pocket🚀 pic.twitter.com/TNkG6Xzfeq
— Clover Finance (@clover_finance) February 10, 2022
4. OpenOcean Partners With Platypus
Last week, DeFi and CeFi aggregator platform OpenOcean entered into a strategic partnership with Platypus. Platypus is an Avalanche-based AMM dapp. Therefore, the partnership will facilitate more stablecoin liquidity on Avalanche.
— OpenOcean | We're hiring 🌊 (@OpenOceanGlobal) February 14, 2022
5. Polkamarkets Labs Launch Multichain Market Protocol
On the other hand, Polkamarket Labs recently launched its multi-chain prediction market protocol. Also, the multi-chain tool is a combination of both Moonriver and Moonbeam. Therefore, the protocol will bring even more intrinsic value to Polkadot and Kusama.
🔷 Polkamarkets Labs is happy to announce the deployment of the multi-chain prediction market protocol!
Multi-chain capability on prediction markets allows a wider range of users and communities to predict the future and forecast events.
— Polkamarkets Labs (@polkamarkets) February 9, 2022
6. Moonbeam Now on Beefy Finance
Polkadot easiest on-ramp, Moonbeam is now a part of the Beefy Finance ecosystem. Moreover, Moonbeam is popularly known as the most powerful ETH-compatible smart contract on Polkadot.
— Beefy Finance (@beefyfinance) February 11, 2022
7. Clover Finance | OpenOcean Partnership
DeFi and CeFi aggregator platform OpenOcean has entered into a strategic partnership with Clover Finance. Therefore, the partnership will provide OpneOcean with access to Clover multichain wallet. Therefore, users will be able to easily switch between different platforms by providing them with the best token price rates.
— Clover Finance (@clover_finance) February 11, 2022
8. DAFI Protocol dBridge Launch
Programmable rewards platform DAFI protocol has announced the strategic launch of its dBridge. Therefore, the launch will facilitate the interoperability of DAFI tokens where $DAFI holders will be able to move seamlessly between Ethereum and Binance Chain.
dBridge is LIVE! 💥
— DAFI Protocol (@DafiProtocol) February 10, 2022
9. MP4 NFT Format Now on Coin98
Moreover, Coin98 brings a new twist to the NFT space by supporting NFT MP4 versions. This means users can now send, receive, store MP4 NFT versions on Coin98.
Users can now store, manage, send, and receive NFTs with MP4 format directly on Coin98 on #Solana and all EVMs.
— Coin98 Super App (Formerly Coin98 Wallet) (@coin98_wallet) February 10, 2022
10. Algorand Joins The Bloktopia Metaverse
Finally, new additions to the Bloktopia Metaverse. Therefore, this time around, Proo-of-Stake (PoS) blockchain protocol, Algorand, has opened shop in the Blocktopia metaverse.
🚨New Tenancy Announcement🚨
Welcome to the Bloktopia metaverse @Algorand 🚀🚀🎉🎉
— Bloktopia (@bloktopia) February 10, 2022
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