The decentralized finance (DeFi) space has continued to garner the attention of enthusiasts worldwide.
At Altcoin Buzz, we have compiled ten top DeFi updates that took place last week. These DeFi updates include product launches, strategic partnerships, etc. Origin Protocol integrating Chainlink Keepers and the Katana Free NFT lottery launch are some of these top DeFi updates.
1 – Coinhub Wallet Partners With DForcenet
The popular multi-chain wallet has announced details of a strategic partnership with DForcenet. The partnership will facilitate interoperability in carrying out important features like trading, lending, etc. in the DeFi space.
CoinHub is also popularly known for its top-notch community and as a professional data platform.
🥳Glad to announce our new partner @dForcenet .
— Coinhub Wallet (@Coinhub_Wallet) December 3, 2021
2 – tofuNFT Partnership With Heroes of NFT
tofuNFT, formerly known as SCV Finance, recently partnered with the Heroes of NFT platform. tofuNFT is a popular NFT marketplace for GameFi, etc. on both BSC and Polygon. Thanks to the partnership, the Heroes of NFT cards will be fully supported on the tofuNFT marketplace.
— tofuNFT, formerly SCV.finance (@tofuNFT) December 3, 2021
3 – Chainlink Keepers to Provide Support for Origin Dollar
Origin Dollar recently enlisted the support of Chainlink Keepers. Chainlink Keepers is a decentralized platform providing automation to smart contracts. The partnership will provide Origin Protocol’s OUSD token with predefined and automatic rebasing and harvesting features.
According to reports, automatic rebasing of OUSD will take place at 11 pm PST daily. This, in turn, will make OUSD rebasing more predictable and therefore more user-friendly.
Origin Dollar has integrated with @chainlink Keepers, a decentralized smart contract automation solution that triggers functions based on predefined conditions. This integration means that $OUSD rebasing will now occur daily at 11pm PST / 2am EST.
— Origin Protocol (@OriginProtocol) November 30, 2021
4 – Katana Free NFT Lottery
Solana-based yield generation protocol Katana recently went live on Devnet. Interestingly, the platform also launched an NFT lottery for early users.
Participants only had to like and retweet the announcement post and then fill out a form. Interested persons were also advised to leave feedback to increase their chances of winning the lottery.
🥷 Katana is now LIVE on Devnet! 🥷
Web app: https://t.co/4MnHjdAoDq
For early mainnet access, follow the instructions below! pic.twitter.com/xPYFb8dQJd
— Katana 🥷🏽 (@Katana_HQ) December 3, 2021
5 – NFTrade Advanced Trading Platform
Last week, NFTrade announced the upcoming launch of its much-anticipated advanced NFT trading platform. The platform will include order book functions as well as a feature to increase NFT liquidity. Also, navigating NFT trading, in general, will be so much easier thanks to the platform’s launch.
Announcing the upcoming release of our advanced trading platform for NFTs!
NFTrade is introducing order book functionality, a new feature to increase buy-side and sell-side #NFT liquidity. Now, entering or exiting a NFT collection will be easier than ever!https://t.co/FPFQAMFR6L
— NFTrade (@NFTradeOfficial) December 2, 2021
6 – Chainlink Price Feeds Now on Project SEED
NFT marketplaces become more user-friendly when priced in popular fiat currencies.@ProjectSeedGame is integrating #Chainlink Price Feeds to bring real-time exchange rates to its @solana-based #NFT marketplace.
Solana NFTs 🤝 Chainlink oracles
— Chainlink – Official Channel (@chainlink) December 1, 2021
7 – Astar Now Polkadot’s Third Auction Winner
Astar Network, formerly known as Plasm, is a multi-chain Build2Earn smart contract hub built on Polkadot. Last week, the Build2Earn platform won Polkadot’s third auction.
According to reports, Astar will be onboarded on December 18, 2021, at block height 8179200.
Congratulations to @AstarNetwork on winning Polkadot's third auction!
Astar will be onboarded at block #8179200 [Dec. 18] at the beginning of lease 6 with the other first 5 auction winners. Over 27.1K network stakeholders locked up DOT in favor!https://t.co/ZFSzeAhc4x pic.twitter.com/mABXLeRnKh
— Polkadot (@Polkadot) December 2, 2021
8 – Pangolin Strategically Partners With NFTrade
Pangolin, a DEX platform built on Avalanche, recently partnered with NFTrade. NFTD token liquidity is also now available on the Pangolin DEX platform. Thanks to the partnership, Pangolin has also launched a PNG token incentivized farm.
We're excited to partner with @NFTradeOfficial (1/2)!
— Pangolin 🔺 (@pangolindex) December 4, 2021
9 – VRJAM Partnered With Enjin.io
Metaverse platform for music VRJam recently partnered with NFT platform Enjin. Thanks to the partnership, VRJAM will be able to launch a VR world designed to offer solutions to artists. Giving them the opportunity to monetize their music.
VRJAM has partnered with https://t.co/uUKJJP6SCo to launch a rich virtual reality world that offers a host of new solutions for artists to render and monetize their music and live shows in amazing new ways using NFT’s and blockchain
— VRJam (@VRJAM_) December 2, 2021
10 – IoTeX and Cartesi Partnership
Last week, popular IoT platform IoTeX strategically partnered with Cartesi. The partnership will help bridge the gap between real-world machine data from IoTeX and blockchain technology from Cartesi.
IoTeX is excited to announce our partnership with Cartesi @cartesiproject! 🌎
Real world machine data from IoTeX meets privacy-preserving, off-chain computing from Cartesi to empower an entirely new design space for #MachineFi.
— IoTeX (@iotex_io) December 2, 2021
Also, join us on Telegram to receive free trading signals.
Find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.