At the time of writing this article, the DeFi space has continued to grow exponentially reaching more than $104.7 million in marketcap. Therefore, to keep our readers informed, we have compiled ten of the top DeFi updates that took place last week.
These DeFi updates include strategic partnerships, product launches, listings, etc. DeFi Llama now tracking Grape Finance and Platypus Alpha mainnet rewards are some of last week’s top DeFi updates.
Moreover, let’s find out some of last week’s top DeFi updates.
1. Brave Goes Live on SWFT Blockchain
Crypto payment platform, Brave, was launched on the SWFT blockchain. The integration provides several exciting updates. Therefore, thanks to the integration, users can:
- Swap $BRAVE token for over 300 different cryptos.
- Receive, send and request for payments via $BRAVE.
Also, SWFT blockchain is popularly known for its simple and secure cross-chain swap on popular chains like ETH, BSC, Polygon, etc.
— SWFT Blockchain (@SwftCoin) January 21, 2022
2. Clover Finance Partnership With O3 Swap
On the other hand, last week, Clover Finance partnered with O3 Labs, a web 3 interoperable aggregation protocol. Therefore, the partnership will introduce both protocols.
Also, making it possible for Clover users to seamlessly carry out cross-chain swaps.
🍀 @Clover_finance announces the strategic partnership with @O3_labs, Interoperability aggregation protocol of Web3
☑️ This collaboration will enable integration of Clover chain and wallet to the #Web3 infrastructure of O3 Labs empowering the Cross-chain DEX Aggregation Protocol. pic.twitter.com/FJwpUzSNnK
— Clover Finance (@clover_finance) January 22, 2022
3. DeFi Llama Now Tracking Grape Finance
Renowned DeFi TVL and analytic platform, DeFi Llama, have added Grape Finance to its list of tracking projects. Moreover, Grape Finance is an algorithmic stablecoin protocol that is pegged 1:1 to $MIM.
Also, users have the opportunity to earn over 8% daily rewards from Grape Finance reward pools.
— DefiLlama.com (@DefiLlama) January 21, 2022
4.EasyBit Lists Kyber Network (KNC)
Cryptocurrency exchange platform, EasyBit, has added support for the $KNC token. Now, users can seamlessly exchange their $KNC tokens on EasyBit. Also, EasyBit boasts of providing token holders with the best possible rates.
Kyber Network is known as a multi-chain liquidity hub that provides instant and secure transactions on any dapp.
— EasyBit (@EasyBit_com) January 20, 2022
5. tofuNFT Partners With Sweet Loonies
tofuNFT, the largest NFT marketplace on Binance Smart Chain (BSC) has partnered with Sweet Loonies. Sweet Loonies is an upcoming AVAX NFT collection. With the partnership, interested persons can now buy and sell their Zombie Loonies NFT on tofuNFT. tofuNFT is also formerly known as SCV Finance.
Interestingly, Sweet Loonies will also launch its Public Minit event on January 25, 2022. Therefore, providing users with the opportunity to mint their Zombie Loonies NFTs.
You can Buy&Sell their 4.444 pieces Zombie Loonies on #tofuNFT marketplace soon.🍾
— tofuNFT📛 / The largest NFT marketplace on BSC (@tofuNFT) January 21, 2022
6. Platypus Alpha Mainnet Reward
Platypus, known for redefining Stableswap and its top-notch UX and scalability, has released details of its Alpha mainnet reward. The platform on November 29th, 2021, launched its alpha mainnet. Reaching its liquidity cap benchmark of $10 million in under 15 minutes.
To thank its over 3,700 users and contributors, Platypus launched a unique reward structure. The platform plans to give out a total of 438,160 PTP tokens to all its liquidity providers and swappers.
Moreover, the reward system was launched on January 21st, 2022 with users having until April 21, 2022, to claim their reward tokens.
Alpha Mainnet Contributors!!
As our token 😏 of gratitude, we are rewarding you with $PTP for your support!
📊 Quick Stats 📊
🏦 $10m liquidity cap in under 15 minutes
💱 10,000+ total transactions
🦆 3,700+ users
🔗 Details: https://t.co/FmCDbvvuWy
— Platypus 🔺 (@Platypusdefi) January 21, 2022
7. Equilibrium DeFi Partners With Polkadex
Polkadot’s first interoperable DeFi protocol, Equilibrium, has partnered with Polkadex. Therefore, users can stake $DOT tokens and receive $EQ tokens as rewards. Therefore, stakers will receive 10 $EQ tokens for every $DOT tokens they staked.
.@EquilibriumDeFi x @polkadex partnership 🤝 conditions: get 10 $EQ for each $DOT you stake! Enjoy your portion of 2 mln EQs we have secured ➕ a number of delicious @polkadex rewards 😋https://t.co/DuS6xXMUWV pic.twitter.com/QPTJctRukO
— Equilibrium (@EquilibriumDeFi) January 23, 2022
8. Alliance Block | ORE Protocol Partnership
Alliance Block, known for bridging traditional finance with the DeFi space, has partnered with ORE Protocol. As a result, the partnership is aimed at launching a double reward pool on Polygon, which will include an estimated 1 million $ORE tokens and about 100,000 ALBT tokens.
Moreover, the entire liquidity mining campaign is expected to run for 30 days.
— Open Rights Exchange Network (@oreprotocol) January 20, 2022
9. FTX Integrates Polygon PoS Mainnet
Moreover, the crypto derivatives exchange, FTX, has integrated to Polygon. Therefore, this will allow users to easily withdraw or deposit crypto assets on the exchange.
— Polygon | $MATIC 💜 (@0xPolygon) January 20, 2022
10. CO2 Labs Receives Chainlink Grant
Finally, Last week, CO2 Labs, received a grant reward from Chainlink. This focuses on creating an application that helps mining companies track ESG compliance data.
Also, the Chainlink Community Grants Program is focused on providing financial support to innovative teams, social impact projects, etc. As a result, receiving a community grant is a major achievement for the CO2 Labs ecosystem.
— Chainlink – Official Channel (@chainlink) January 21, 2022
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