Decentralized Finance is at the center of activities in the blockchain and cryptocurrency space. This fast-rising space has also experienced a massive influx of enthusiasts in recent times.
To keep our readers informed, we have published some of the top DeFi Updates that took place last week. These DeFi Updates include strategic partnerships, listings, etc. Also, SCV Finance is now a member of the Builders Program.
1. Chainlink Partners With YouHodler
Popular fintech platform YouHodler has partnered with renowned oracle platform Chainlink. The partnership will help YouHodler secure its crypto-backed loans. Therefore, increasing transparency, accuracy, and reliability of its pricing mechanisms.
.@YouHodler is using #Chainlink Price Feeds to determine users’ borrowing limits & check outstanding loan collateralization. By leveraging decentralized oracles in its #CeDeFi platform, YouHodler brings increased transparency & reliability to its users. https://t.co/xQDeFKAPKz
— Chainlink – Official Channel (@chainlink) October 11, 2021
The fintech platform currently supports more than 30 cryptos and tokens, including BTC, ETH, COMP, UNI, LTC, XLM, SUSHI, etc.
2. SCV. Finance Revamps as tofuNFT
Last week, the NFT Marketplace revealed plans to change its name to “tofuNFT.” The project, which was launched about nine months ago, facilitated innovation in the NFT and DeFi space. According to the platform, the name “tofuNFT” represents the simplicity and essence of the platform.
As this is our community's favorite secondary marketplace on #BSC, we'd love to hear your feedback.
— Polychain Monsters (@polychainmon) October 12, 2021
3. Rigel Protocol Launches its Gift Dapp
Last week, Rigel Protocol, a popular decentralized protocol, announced the launch of its Gift Dapp. The launch is in a bid to reward active community members of the protocol.
🥳The Gift DApp is Live Now!!
✅An application to reward your friends, followers and all the community
▶️Take part on our 1st event at https://t.co/N7hEx9EUQJ
🏃 Hurry up & get a chance to win the 100 $RGP Special Prize!#RigelProtocol #GiftDApp #DeFi #Crypto #BSC #Giveaways pic.twitter.com/SnWh3OeWuU
— Rigel Protocol (@rigelprotocol) October 11, 2021
Therefore, participants had the opportunity to earn rewards as high as 100 $RGP tokens.
4. Alliance Block Partners with IX Swap
Popular blockchain-agnostic platform Alliance Block has partnered with IX Swap. The partnership is aimed at providing IX Swap with access to liquidity mining and data ownership solutions. Therefore, giving IX Swap the ability to expand its services.
— IX Swap (@IxSwap) October 11, 2021
5. SingularFarm | Fantom – Launch New SING/FTM Pool
Interested persons can now stake $SING/$FTM in the recently launched pool on SingularFarm. Moreover, stakers will earn double rewards of both $SING and $fWINGS on their stakings.
— Singular.farm (@singularfarm) October 12, 2021
6. AntiMatter Partners With Terra
AntiMatter has gone live on the Terra Ecosystem. According to an official blog post, the partnership will facilitate the introduction of derivative services to Terra. Also, community members will have access to on-chain endless options.
— AntiMatter ➕/➖ (@antimatterdefi) October 12, 2021
7. SCV.finance Joins the Builder Program
Last week, SCV.finance announced that it had joined the Builders Program. Also, the platform which has been touted as the best NFT marketplace on BSC is planning to launch a multi-chain NFT marketplace.
New: @scv_finance joins our Builders Program and started making a multi-chain NFT marketplace.https://t.co/zKCZfLogNv, the best NFT Marketplace in BSC, is coming to Polkadot/Kusama ecosystem with Astar Network/Shiden Network.https://t.co/NOrV3H78KL pic.twitter.com/qFf9eSzRbI
— Shiden Network (@ShidenNetwork) October 11, 2021
8. Poly Network Goes Live on Arbitrum
Popular interoperability protocol, Poly Network is now live on Arbitrum. The partnership will help improve asset interoperability on the Poly Network. Therefore, it will be easier for Poly Network assets to move freely among multiple blockchains. Some of the supported chains include Polygon, HECO, BSC, Ethereum, BSC, etc.
#PolyNetwork is live on @arbitrum!
If you want to achieve #interoperability among #Arbitrum and other heterogeneous blockchains supported by #PolyNetwork, including #Ethereum #HECO #BSC #OEC #Polygon, etc.
Here is the guide for all interested developers👉 https://t.co/WgXTLdYBa8
— Poly Network (@PolyNetwork2) October 18, 2021
9. AntiMatter Launches Perpetual Options Trading on BSC
AntiMatter has finally launched on the famous EVM ecosystem, Binance Smart Chain (BSC). According to the annoucement, BNB/USDT endless options also went live on Binance Smart Chain (BSC).
— AntiMatter ➕/➖ (@antimatterdefi) October 14, 2021
10. Bella Protocol Partners With Solv. Protocol
Finally, Bella Protocol recently announced a partnership with Solv Protocol. The partnership will help Bella issue vouchers on the Solv protocol. Partnering with Solv is a step in the right direction for Bella and its proposed foray into the NFT space.
Bella Protocol is thrilled to share our new partnership with @SolvProtocol, the pioneer of financial NFTs! #Bella will issue Vouchers with $BEL token allocations on the Solv Protocol platform as BEL’s first step into the financial #NFTs.🥂
— Bella Protocol (@BellaProtocol) October 14, 2021
We hope you’ve enjoyed the latest top DeFi Updates.
Finally, also join us on Telegram to receive free trading signals.
Above all, find out more about the blockchain and crypto space on the Altcoin Buzz YouTube channel.