DeFi updates Week 3 september

The DeFi space has been in the limelight recently, experiencing an unprecedented price rally in 2020. Researchers referred to it as “The year of DeFi.” which was one of the main DeFi updates of the last year.

If DeFi is your favorite sector, don’t miss these important DeFi updates from the 3rd week of september.

1. CyberFi | Allbridge Partnership

The first-ever intelligent trading and automation platform has recently strategically partnered with Allbridge. Therefore, CyberFi native tokens, $CFI, will enjoy unrestricted bridge access from the ethereum to Solana blockchain. As a result, CFI interoperability will increase with other chains.

2. Harvest Finance Partners With Coin98

Harvest Finance, a well-known automated yield farming protocol, has partnered with Coin98 wallet. Now, more than 400,000 users can seamlessly and securely interact with Coin98 wallets. This will provide users with more opportunities to invest their crypto assets.

Therefore, this partnership is also a significant achievement for Harvest Finance. As a result, It’s a foray into Asia via its HarvestInAsia campaign.

3. Ferrum Network’s Tokens Now on Three Major Chains

Ferrum Network’s native tokens ($FRM) recently went live on three major blockchains. The network includes Ethereum (Uniswap), Polygon (Dfyn), and Binance Smart Chain (ApeSwap).

As a result, you can now quickly move your funds using Ferrum’s cross-chain token bridge.

4. Polkacover Partners With InsurAce

InsurAce joins the Polkacover ecosystem. The insurance platform will function as the second official partner on Polkacover. Therefore, this will provide the decentralized insurance marketplace with better options for smart contracts insurances.

Interestingly, InsurAce was the first official partner on Polkacover.

5. Ellipal Wallet Partners With Swft Blockchain

Popular next-gen cold wallet, Ellipal wallet, has strategically partnered with Swft blockchain. Thanks to the partnership, users will have access to multiple cross-chain swap options on the Ellipal wallet. Crypto assets like $ALPACA, $WBNB, $FTM, $BIMP, etc.

6. Kyber Network Partners With Avalanche

Kyber Network has announced details of a partnership with Avalanche foundation. Together, both platforms will function to facilitate the launch of KyberDMM. Furthermore, KyberDMM will be the first-ever multi-chain Dynamic Market Maker (DMM) on Avalanche.

7. Polygon Launches Bug Bounty Project

Decentralized tech protocol Polygon recently launched a bug bounty project on ImmuneFi. The protocol has put in place a maximum reward of USD 2 million for every critical bug found.

Therefore, this program will help prevent:

  • Loss of users’ funds.
  • Permanent freezing.
  • Theft of unclaimed yield.
  • Network shutdown.
  • Temporary freezing of funds.
  • Smart contract gas drainage, among others.

8. Launch NFT Platform has recently launched an NFT platform for interested creators. To have access to the NFT platform, users need first to apply. Once approved, users can seamlessly mint and list their collectibles on the recently launched marketplace.

9. GameFi Partners With My Defi Pet.

GameFi is a one-stop hub for game finance and has revealed a strategic partnership with My DeFi Pet. Thanks to the association, the lifestyle-based pet games will be available on the GameFi NFT marketplace.

10. DeFi11 Integrates Chainlink Data Feeds

Chainlink, a popular Oracle platform, has been named the official sports data feed supplier for DeFi11, a sport-focused DeFi, and NFT platform. The oracle platform will provide the blockchain fantasy league platform with reliable, secure, and accurate information.

Next week, we will continue giving you other DeFi updates.

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