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, $CFI, will enjoy unrestricted bridge access from the ethereum to Solana blockchain. As a result, CFI interoperability will increase with other chains.
⚡️CyberFi & Allbridge Partnership⚡️
CFi more and more cross-chain 🤯🤯
More info here: https://t.co/8Y5rwevzb4
— CyberFi – Intelligent DeFi Automation Platform (@cyberfi_tech) September 21, 2021
2. Harvest Finance Partners With Coin98
Harvest Finance, a well-known automated yield farming protocol, has partnered with Coin98 wallet. Now, more than 400,000 users can seamlessly and securely interact with Coin98 wallets. This will provide users with more opportunities to invest their crypto assets.
Therefore, this partnership is also a significant achievement for Harvest Finance. As a result, It’s a foray into Asia via its HarvestInAsia campaign.
Harvest now supports @coin98_wallet 🔥
Starting today, over 400,000 users can connect to Harvest with the comfort of the Coin98 Wallet & put their assets to work 🌱
This integration is a big milestone for the #HarvestInAsia campaign 📈
— Harvest Finance (@harvest_finance) September 21, 2021
3. Ferrum Network’s Tokens Now on Three Major Chains
Ferrum Network’s native tokens ($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.
📢$FRM tokens are now available on Ethereum (Uniswap), Polygon (Dfyn), and BSC (ApeSwap)!
🕊Take advantage of arbitrage opportunities, and migrate your funds freely using Ferrum Network Cross-Chain Token Bridge (https://t.co/sn97yxEeyj)@ape_swap @_DFyn @Uniswap #YieldFarm pic.twitter.com/BdlvVfyI6x
— Ferrum Network (@FerrumNetwork) September 22, 2021
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.
We are delighted to announce @InsurAce_io as our second official partner on Cover Compared!
Users can now buy insurance coverage for smart contract vulnerabilities and custodian risk of wallets🛡️
— PolkaCover (@PolkaCover) September 17, 2021
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.
ELLIPAL and @SwftCoin have joined hands to bring you cross-chain swap for hundreds of new currencies on the ELLIPAL! 🤝
If you are an Altcoin investor, come try it out! 😁 pic.twitter.com/1RYidSxK6z
— ELLIPAL (@ellipalwallet) September 16, 2021
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.
— Kyber Network (@KyberNetwork) September 17, 2021
7. Polygon Launches Bug Bounty Project
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.
Polygon Bug Bounty is live on @Immunefi with a maximum bounty of $2,000,000 per critical bug found!
Security is our top-most priority & not an afterthought. This bug bounty will help reward the hard work & efforts of all the security researchers.
— Polygon | $MATIC (@0xPolygon) September 20, 2021
8. Crypto.com Launch NFT Platform
Crypto.com 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.
🆕 Today the https://t.co/WCdfR9fYew platform opens up for anyone to create and sell their NFT in the marketplace within seconds:
📝 Apply to be a creator on https://t.co/WCdfR9fYew
🖼️ Mint your NFT
🤑 List it in the Marketplace
Unleash your creativity now 🎨 pic.twitter.com/Mo70rg3vKk
— Crypto.com/NFT (@cryptocomnft) September 21, 2021
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.
— GameFi (@GameFi_Official) September 20, 2021
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.
Sports-focused #DeFi & #NFT protocol @defi_11 is integrating #Chainlink Sports Data Feeds to support its #blockchain-based fantasy leagues and help ensure platform outcomes are settled accurately and transparently right after sporting events take place. https://t.co/LRwzBdur00
— Chainlink – Official Channel (@chainlink) September 18, 2021
Next week, we will continue giving you other DeFi updates.
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.