Are you interested in getting involved in the decentralized finance space? Do you want to know more DeFi updates happening in the space?
In this article, you will discover the top DeFi updates of the first week of October.
1. Cardano Launches New Stablecoin on Coti Network
Therefore, according to the announcement, the COTI Network will be the first to list Djed.
COTI is the official issuer of Cardano’s stablecoin!
As just revealed during the @CardanoStiftung summit by none other than Charles Hoskinson, COTI will become the official Djed issuer, Cardano's new stablecoin!
— COTI (@COTInetwork) September 26, 2021
2. dForce | DODO – Launched Dual Liquidity Mining
dForec has strategically partnered with DODO. The goal is to create a liquidity mining platform on Arbitrum.
As a result, according to the announcement, the mining initiative started on September 29th, 2021.
FINALLY ITS HAPPENING! 🤩🤩
Learn it all👇https://t.co/wlFUT2EHrO
— dForce (@dForcenet) September 29, 2021
3. Alpha Finance Labs Launch AlphaX
Alpha Finance just introduced its AlphaX incentive program called “Lightning in a bottle.” The incentive program is directed at AlphaWolves community members. This will also allow them to participate in the AlphaX testnet. Participants will also earn incentives.
Above all, according to the announcement, the incentive program is scheduled to take place from October 1 to October 15, 2021.
Introducing #AlphaX Incentive Program: “Lightning in a bottle” ⚡️💡
This incentive program is for the #AlphaWolves community to participate in the AlphaX testnet and get rewarded!
The program will run for 2 weeks, October 1-15
What is the reward?👇https://t.co/QqmVNcYqjQ
— Alpha Finance Lab (@AlphaFinanceLab) October 1, 2021
4. Umbrella Mainnet on Ethereum
Last week, Umbrella Network was officially launched on Ethereum. In addition to this, $UMB smart contracts can also now be deployed on the Ethereum blockchain. Also, ETH dapps will have access to $UMB oracles.
They say timeliness is next to Godliness and we're all about that 😬
— Umbrella Network (@UmbNetwork) October 1, 2021
5. Crypto.com Launches DYDX SuperCharger
Crypto.com has announced the launch of its DYDX supercharger. Consequently, according to the announcement, USD 1 million has been set aside as a reward allocation. Also, participants have the opportunity to earn APYs as high as 80%.
#DYDX Supercharger 10x Booster Bonus is live!
⭐Get a special "Supercharger 10x Booster" NFT to win the bonus APY
Available in the App & Exchange
— Crypto.com (@cryptocom) October 1, 2021
6. WOWswap Launched NFT Leveraged Trading on Ethereum
You can now trade your NFTs with 5x leverage on WOWswap. This platform has also officially launched its NFT trading platform on Ethereum. Therefore, users will also have the opportunity to use USDC or ETH to buy NFTs they cannot truly afford.
According to the announcement, the NFT trading platform will also be available for six NFT index tokens.
👉Now you can trade the most popular #NFT collections with 5️⃣x leverage.
— WOWswap (@Wowswap_io) September 30, 2021
7. DeFi Warrior Integrates Chainlink
DeFi Warrior has also announced a strategic integration with Chainlink, the popular oracle platform. The game will also now have access to Chainlink’s secure and accurate price feeds. Moreover, according to the report, the partnership will also help boost the strength of the game.
Blockchain-based game @DeFiWarriorGame integrates #Chainlink Price Feeds to upgrade the strength of its Warriors in a fair & secure manner. Each Warrior #NFT represents an existing cryptocurrency and obtains enhanced power in battle based on price changes.https://t.co/7HuVHSFl9B
— Chainlink – Official Channel (@chainlink) October 1, 2021
8. Switzerland to Inaugurates Crypto Stamp On Polygon
The Switzerland postal service is planning to launch the world’s first-ever crypto stamps. This initiative will also be built on the Polygon blockchain.
Meanwhile, according to the official announcement, the stamps will be created as digital collectibles backed up by real stamps. The stamps are currently issued by the postal service and cost around 8.9 swiss francs.
— Swiss Post | News (@swisspostnews_e) September 30, 2021
9. EnjinStarter Now on Uniswap
EnjinStarter native token, $EJS, is officially listed on Uniswap. Therefore, gamers will now have access to $EJS tokens on Uniswap. Interestingly, $EJS currently has a total supply of USD$4,981,250,000.
Liquidty has been added on uniswap – https://t.co/7tmYyyHa4f
For those that missed buying on our public sale this is your best opportunity to get your hands on our tokens pic.twitter.com/QuPNGpJzXv
— ENJINSTARTER (@enjinstarter) October 2, 2021
10. Polkadex Mainnet is Live
Polkadex has officially launched its mainnet on the Polkadex chain. Now, $PDEX tokens will enjoy cross-chain capacity. In conclusion, this launch will also boost interoperability between Polkadex and the Ethereum blockchain.
🚀🚀The Polkadex Mainnet is here!🚀🚀
— Polkadex (@polkadex) September 29, 2021
I hope you’ve enjoyed the top 10 DeFi Updates of last week.
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