The Decentralized Finance (DeFi) space has continued to grow exponentially, taking center stage in the entire blockchain and cryptocurrency space.
To keep our readers informed, we had published some of the top DeFi updates in the crypto space last week. These Top 10 DeFi Updates include strategic partnerships, significant updates, events, publications, etc.
1. XAVA Token Now on Kyber DMM
Popular liquidity platform, Kyber Network, has announced listing $XAVA tokens on its Kyber DMM. Therefore, users can now trade $XAVA at very cost-effective prices.
— Kyber Network (@KyberNetwork) October 18, 2021
2. Step Hero Partners With Krystal
Famous NFT gaming platform Step Hero has strategically partnered with Krystal, a DeFi and NFT management platform. According to the annoucement, $HERO and $STEP tokens are now listed on the Krystal platform.
Learn more 👇https://t.co/OZ84PzSAxp
— Step Hero (@StepHeroNFTs) October 21, 2021
3. RAMP 2.0 – A New Dawn for Ramp DeFi
Popular optimized lending platform, Ramp DeFi, has recently published details of its proposed RAMP 2.0 roadmap. Also, the roadmap is focused on scaling up user adoption and the Total Value Locked (TVL) of the platform.
RAMP 2.0: A New Dawn
Excited to present the RAMP 2.0 Roadmap to scale up TVL and user adoption!
✅Strategic Product Roadmap
✅USD 60M Liquidity Incentive Program
✅Marketing & Partnerships
— RAMP DEFI (@RampDefi) October 18, 2021
4. Krystal DeFi Launches IDO Launchpad
Popular multi-chain NFT and DeFi platform, Krystal DeFi, has launched an IDO launchpad called KrystalGO.
According to the annoucement, the launchpad will provide upcoming projects with access to liquidity. Also, Krystal community members will have the opportunity to invest in viable blockchain startups.
🚀 Krystal is happy to announce the launch of Krystal GO, a Initial DEX Offering (IDO) launchpad for next-generation crypto gems
☄️ Simple process for community members to easily invest in up-and-coming blockchain startups#defi_KrystalGO
Read more: https://t.co/EYyRGfuxTc
— Krystal DeFi (@KrystalDefi) October 19, 2021
5. DeversiFi Launch Esports Tournament
Last week, DeversiFi launched its first-ever Esports tournament. The tournament will include ten different DeFi projects battling to show who is the best. So, the projects involved in the tournament include Polygon, Sushi, Ampleforth, and DeversiFi. Finally, the tournament was scheduled to last for 13 weeks.
— DeversiFi 🥷 (@deversifi) October 22, 2021
6. Step Hero V2.0 Marketplace is Live
Popular NFT gaming platform Step Hero recently launched its v2.0 marketplace. The marketplace will provide users with the latest NFT trading experience. Therefore, this will include more search filters, Better UI, etc.
There's something NEW here ✨
– Daily/weekly/monthly dashboard
– Summoning stats
– More search filters
– New My Account interface
🌟Better UI pic.twitter.com/kHjQyTPXlf
— Step Hero (@StepHeroNFTs) October 18, 2021
7. Kyber Network Partners with Fantom
Last week, Kyber Network entered a strategic partnership with Fantom. As a result, both platforms will launch the first-ever DeFi Dynamic Market Maker (DMM) platform on Fantom. Also, Kyber DMM will provide Fantom users with the best token rates and increased earnings for LPs.
Fantom traders can now get the best rates across multiple DEXs and LPs enjoy higher capital efficiency!
— Kyber Network (@KyberNetwork) October 22, 2021
8. Dune Analytics | Binance Smart Chain (BSC) Partnership
Top blockchain research tool Dune Analytics has strategically partnered with Binance Smart Chain (BSC). According to the annoucement, the alliance will help improve BSC, and its interaction switches the DeFi, Gaming, and NFT space.
We have integrated with @BinanceChain 🙌
We're excited to open up the BSC ecosystem of DeFi, NFTs and Gaming for Dune Wizards to query, investigate & track with rich dashboards…..
We can't wait to see what you'll build!https://t.co/z9hUa0hXrS
— Dune Analytics (@DuneAnalytics) October 22, 2021
9. Saber | Terra – To Launch Wormhole UST Pool on Solana
Saber has partnered with Terra to launch the Wormhole v2 UST pool on Solana. Therefore, the partnership will provide more liquidity on Saber. UST is a stablecoin backed by the US dollar, with a circulating supply of more than USD 2 billion.
Wormhole v2 UST is live on Saber! #LUNAtics can bridge UST directly from @terra_money to @solana via @wormholecrypto and deposit liquidity in the new UST / USDC pool at https://t.co/mU59Y2fScD. SBR rewards will go live within 24 hours. https://t.co/3JNYWozqyj
— Saber (@Saber_HQ) October 23, 2021
10. TrueUSD Partners With Fantom
USD-backed digital asset TrueUSD is now on Fantom. According to the annoucement, TrueUSD is well-known for serving as a bridge between the traditional finance space and the DeFi space.
🚀As a bridge between traditional finance and DeFi markets, #TrueUSD's stability and transparency become even more evident over time!
🥳Please stay tuned for more!https://t.co/hrNYC5G7Ck
— TrueUSD (@tusd_official) October 22, 2021
Also, we hope you’ve enjoyed the Top 10 DeFi Updates of week 4 of October.
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