Top 10 DeFi Updates | August Week 2

The decentralized finance (DeFi) space has continued to make waves in the blockchain and crypto sphere.

To keep our readers informed, we have published ten of some of the most exciting DeFi updates that took place during the second week of August. These top DeFi updates range from strategic listings to partnerships, events, and product updates. Dolphin Finance’s partnership with Chainlink and Wanaka Farm’s launch on TomoChain are some of these top DeFi updates.

1 – Coin98 Now on SushiSwap

Last week, Coin98 (C98) officially went live on popular AMM DEX platform SushiSwap. Interested persons can now swap ETH tokens for Coin98 (C98) tokens and vice versa on SushiSwap. Due to the listing, Coin98 users will enjoy better trading options.

2 – StakeDAO Launched New Bonus Reward System

StakeDAO has launched a new bonus reward system with NFT staking. This launch was announced simultaneously with the platform reaching a $200 million TVL. Thanks to the new reward system, StakeDAO NFT stakers and some of its most active users will enjoy weekly additional rewards.

3 – Bella Protocol Partners With Biswap DEX

Bella Protocol, known for its focus on creating awareness for and boosting the expansion of the DeFi space, has announced a strategic partnership with Biswap DEX. Biswap is the first-ever DEX platform on Binance Smart Chain (BSC) with a three-type referral structure and is also verified by CertiK. The DEX platform also boasts of the lowest fees in the DEX space.

4 – Fantom Partners With Graviton

Graviton has joined the Fantom ecosystem. This partnership will facilitate the inflow of new digital assets on Fantom. Together, both platforms will also facilitate the global adoption of the cross-chain DeFi space as well as boost the technological advancement of cross-chain DeFi.

In line with the partnership with Fantom, Graviton will also introduce LP rewards of pools containing wrapped versions of Fantom-native tokens.

5 – Shield Protocol | Fantom FDN

Shield Protocol has announced a strategic partnership with Fantom FDN. The partnership will bring 2FA security to the Fantom Opera Chain. This will be the first-ever 2FA security to be built on blockchain. Also, Fantom Opera is set to go live on Shield wallet soon.

6 – BitDAO Partners With SushiSwap

BitDAO has announced a strategic integration with SushiSwap. The partnership will facilitate the listing of BIT tokens on MISO. This will be alongside a Dutch auction and airdrops for early participants.

BitDAO is supported by top players in the blockchain space like Pantera, Dragonfly, Spartan, Bybit, etc.

7 – SWFT Blockchain | Polkadot

Polkadot network is now on secure, easy-to-use, cross-chain swap SWFT blockchain. SWFT Allchain is known to support over 300 cryptocurrencies on several blockchain platforms like ETH, BSC, Polygon, etc.

8 – Dolphin Finance Integrates Chainlink

Dolphin Finance has announced plans to integrate Chainlink’s secure and reliable price feeds. The DeFi protocol will make use of Chainlink price feeds on Binance Smart Chain to provide its users with accurate market loans. This, in essence, will help Dolphin Finance protect its users’ funds through its lending and borrowing feature.

9 – Harvest Finance FARM Tokens Now on Binance Chain

Harvest Finance FARM tokens went live on the world’s largest crypto exchange by trading volume. Trading pairs include FARM/USDT, FARM/BUSD, FARM/BNB, and FARM/BTC.

10 – Wanaka Farm Now on TomoChain (TOMO)

Wanaka Farm is now live on popular PoS blockchain TomoChain (TOMO). The partnership will provide Wanaka users with the opportunity to create their own unique lands within the NFT game. TomoChain’s top-notch speed, privacy, and other innovative features make it an ideal platform to build and deploy blockchain games.

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