DeFi updates september week 2

According to Statista, the DeFi marketcap has grown almost 3x since January 2021. This makes this crypto sector one of the fastest-growing in the ecosystem, giving us many important DeFi updates almost every day.

To keep our readers informed of the happenings in the DeFi space, we have published some of the most recent DeFi updates of the second week of September 2021.

1. Injective Labs Launch Trading Rebates

Interested persons can now earn rewards every time they trade on the Injective platform. Now anyone who provides liquidity on injective will also earn maker fee rebates. According to reports, these fee rebates are currently the highest in the cryptocurrency space.

2. Kattana Partners With Kyber DMM

The popular crypto trading app, Kattana recently partnered with Kyber DMM. Thanks to the partnership, many more decentralized exchanges (DEXs) will join the Kattana terminal. Certainly, Kyber DMM is popularly known as a multichain DEX protocol and the first-ever DeFi dynamic market maker (DMM).

3. Ferrum Network Partners With ApeSwap

ApeSwap recently disclosed a strategic integration with Ferrum Network’s Iron alliance. This last DeFi platform has moved to the Binance Smart Chain (BSC). Also, Ferrum’s tokens,  $FRM and $FRMx will furthermore be listed on ApeSwap.

4. Origin Protocol Partners With C.R.E.A.M. Finance

Origin protocol in partnership with C.R.E.A.M.Finance plans to link DeFi with the NFTs and the Metaverse ecosystem. As a result, users will have the opportunity to win NFTs every week when they lend or borrow Origin protocol’s OGN on C.R.E.A.M.Finance.

5. Injective INJ-ETH Bridge is Live

Transferring assets across Ethereum and Injective will be easier now as the INJ-ETH bridge finally goes live. Transfers will be faster and more cost-effective thanks to the launch of the bridge. The bridge could also be a significant gateway to people interacting with the DeFi space for the first time.

6. Unifi Protocol Launches Unifi Labs

Unifi protocol has announced the launch of Unifi Labs to unify blockchains using decentralized finance (DeFi). The recently launched lab will enable continued innovation, research, and experimentation in the emerging blockchain sphere.

7. BakerySwap Celebrates Anniversary With a Giveaway Campaign

BakerySwap recently celebrated its first anniversary. To commemorate this event, BakerySwap will be giving away 100 NFTs. Interestingly, BakerySwap recently published the names of the winners of its NFTs on Twitter.

8. StepHero Partnered With Kyber Network

Step Hero, an NFT fantasy-themed RPG game built on BSC and Polygon, recently partnered with Kyber Network. Therefore, KyberDMM DEX will provide better token liquidity efficiency on BSC for StepHero. Interestingly, $150,000 $HERO tokens have been set aside as liquidity mining rewards.

9. Google Partners With Dapper Labs

Tech giant Google recently strategically partnered with Dapper Labs to facilitate the development of Non-Fungible Tokens (NFTs), Web 3.0 products, etc. As a result, Google Cloud will function as the network provider for the Flow blockchain to help Dapper to propagate its services using Google.

10. PlasmaFinance Supports EIP-1559

Finishing with the latest DeFi updates, the increasing scalability issues on the Ethereum Network have led PlasmaFinance to announce support for Ethereum’s EIP-1559. The EIP-1559 will help facilitate easier management of gas fees. Now users will be able to complete their transactions using the EIP-1559 upgrade.

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