The DeFi space has grown exponentially since its inception. Therefore, to keep our readers informed we have compiled some of last week’s top DeFi updates.
These DeFi updates include strategic partnerships, updates, product launches, etc. For example. Let’s find out some more top DeFi updates from last week.
1. Harmony Launcher DEX is Now Live
Harmony Launcher DEX platform is now online. The DEX platform is also the decentralized IDO launchpad platform for the Harmony ecosystem. Harmony Launcher DEX will make it possible for LP staking, Swaps, etc to take place on the Harmony ecosystem. Therefore, providing users with the opportunity to earn passive income.
Interestingly, Harmony Launcher is also the world’s first-ever IDO launchpad platform equipped with an AMM DEX.
The DEX allows users to earn passive income via farming, mining, staking & providing liquidity.
— Harmony 💙 (@harmonyprotocol) April 15, 2022
2. CoverCompared Partners With Simplex
CoverCompared formerly known as PolkaCover is now in partnership with the fiat gateway platform Simplex. Simply put, Simplex provides a secure and reliable bridge between the traditional finance space and the crypto ecosystem.
Thanks to the partnership, CoverCompared users will be able to purchase $CVR tokens directly from their fiat debit and credit cards. Notably, $CVR is the native token of the CoverComapred ecosystem.
Also, CoverCompared stands as the world’s first-ever DeFi insurance marketplace. Moreover, helping to reduce the cost of insurance policies in the crypto space while still providing top-notch insurance products.
— CoverCompared (previously PolkaCover) (@CoverCompared) April 15, 2022
3. AU21 Capital Invests in Equilibrium DeFi
Top venture capital firm, AU21 Capital Equilibrium DeFi, recently invests in Equilibrium DeFi. The partnership will focus on facilitating the growth and development of the Equilibrium ecosystem.
Also, AU21 Capital is known for providing financial support to crypto startups and revolutionary blockchain projects. Its partnership with Equilibrium is a major feat for the entre Equilibrium DeFi ecosystem.
💪 We are proud to share that @AU21Capital, a giant venture capital firm primarily investing in revolutionary #blockchain projects, has invested in #Equilibrium for accelerating its platform growth and more.
📖 Read more: https://t.co/Qku0isyKMk
— Equilibrium (We are hiring!) (@EquilibriumDeFi) April 12, 2022
4. Idle DAO stkIDLE Gauges Launch
Idle DAO much-anticipated stkIDLE gauges are now officially live. Also, the stkIDLE gauges will make it possible for the DeFi protocol to access liquidity with Perpetual Yield Trenches (PYTs). Interestingly, stkIDLE gauges are a result of a unique synergy between PYTs and meta-governance. Therefore, making it possible for DeFi protocols to attract liquidity and $IDLe rewards.
Moreover, Idle DAO is also popularly known for aggregating the best available DeFi protocols. It provides access to both top-notch profit and risk control.
stkIDLE Gauges are now live and at full throttle! 🚀
The synergy between Perpetual Yield Tranches (PYTs) and meta-governance is already allowing DeFi protocols to attract liquidity with risk-adjusted vaults and $IDLE rewards. 🧩
— Idle DAO (@idlefinance) April 15, 2022
5. Ferrum (FRM) Now on PancakeSwap
DeFi interoperability platform Ferrum Network (FRM) is now in partnership with the DEX platform PancakeSwap. Thanks to the partnership, users can now trade $FRM and $FRMx tokens on PancakeSwap. Also, supported trading pairs include the $FRM/$BNB and $FRMx/$BNB pairs.
Notably, PancakeSwap is the most widely used DEX platform on Binance Smart Chain (BSC).
❗️Once again, we've listened to the community's feedback! We are excited to say that you can now trade both FRM and FRMx on the most utilized DEX on BSC, @PancakeSwap 🚀
— Ferrum Network (ferrum-network.eth) (@FerrumNetwork) April 14, 2022
6. DeversiFi | WalletConnect Partnership
DeFi platform DeversiFi is now in partnership with wallet dapp platform WalletConnect. WalletConnect is a platform focused on improving interoperability between different wallets. The platform has also grown steadily and can now boast of supporting over 100 wallets.
As a result, the partnership with WalletConnect will make it possible for ETH users to easily access the DeversiFi exchange. Also, the partnership will open up DeversiFi to a wide range of users. This, in turn, will boost adoption not just for DeversiFi but for the entire DeFi ecosystem.
For those who missed it, we now support over 100 wallets on #DeversiFi 🔥
Find out how here 👇https://t.co/yrwDZacuCQ
— DeversiFi (@deversifi) April 14, 2022
7. Acala Network Partners With Anchor Protocol
Yet another strategic partnership rocks the DeFi ecosystem. This time around, Acala Network announces a strategic partnership with Anchor Protocol. The partnership which took place last week will be directed at growing the decentralized stablecoin ecosystem.
Moreover, the partnership will facilitate latent borrowing demand for Terra USD stablecoin $UST. This, in turn, will open up Terra to a myriad of prospective new audiences. Also, the native stablecoin for Polkadot and Kusama, $aUSD and UST will set up liquidity pools on Anchor.
1/ Following @AcalaNetwork’s plans to join @wormholecrypto, Acala & the Anchor Protocol community will be working together to grow the decentralized stablecoin space through a variety of integrations spanning the @terra_money & @Polkadot ecosystems! 🎉🎉🎉
Anchor 🤝 Acala pic.twitter.com/3pZVBiOY8e
— Anchor Protocol (@anchor_protocol) April 13, 2022
8. Alpha Venture DAO Hackathon
Terra-based hackathon is currently underway. Notably, the hackathon was organized by top platforms like Alpha Venture DAO, Hashed, Terra, Coin98 wallet, etc. According to the announcement, the hackathon will span from April 13th to May 9th, 2022.
Also, the Asia-focused hackathon currently has a prize pool of $300,000.
✨Join one of the biggest Terra-focused #hackathons today! #AlphaVentureDAO is partnering with @terra_money, @hashed_official , @coin98_wallet and many more protocols from Terra blockchain to create this amazing event!
— Alpha Venture DAO (Previously Alpha Finance Lab) (@AlphaVentureDAO) April 13, 2022
9. Orion Virtual Order Books Launch
Thanks to Orion Protocol, the world’s first-ever Virtual Order Books (VOBs) is now live. The VOBs will also facilitate important features like:
- Top-notch performance.
- Advance order splitting.
- Better liquidity efficiency.
- Unique arbitrage.
Orion deploys the world’s first Virtual Order Books 🚀
VOBs take liquidity efficiency to another level of performance.
💧 Liquidity efficiency
💰 Unique arbitrage
⚖️ Advanced order splitting
— Orion Protocol (@orion_protocol) April 12, 2022
10. CoverCompared | Cere Network Partnership
CoverCompared formerly PolkaCover is in partnership with the decentralized cloud platform, Cere Network. Therefore, providing interested persons with access to insurance products. Also, purchasing insurance products on the CoverCompared app will result in a 10% discount.
— CoverCompared (previously PolkaCover) (@CoverCompared) April 12, 2022
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