The decentralized finance (DeFi) space has continued to grow exponentially, attracting both global awareness and adoption.
To keep our readers informed, we have compiled some of last week’s top DeFi updates. Moreover, these updates will give a general overview of happenings in the fast-growing DeFi ecosystem. Interestingly, at the time of writing, the DeFi space has a market cap of $132,999,441,114 with a 24-hour trading volume of $8,660,143,665.
Also, last week’s top DeFi updates include product launches, strategic partnerships, strategic listings, etc. DeFi Yield’s partnership with Kava Labs and TimeSwap’s strategic mainnet launch are some of last week’s top DeFi updates.
Let’s find out some more DeFi updates.
1. Flag Network Tokens Now on BitMart Exchange
Decentralized blockchain network Flag Network has announced a strategic listing of its FLAG tokens on BitMart. Furthermore, BitMart is a popular cryptocurrency trading platform with an estimated daily trading volume of $3 billion. Thanks to the listing, the exchange will support the FLAG/USDT trading pairs.
🔥We are pleased to announce the listing event of Flag Network on @BitMartExchange – A trading platform with a daily trading volume of up to 3 billion USD which possesses high reputation
🏁Trading pair: FLAG/USDT
🏁Trade feature: 4/4/2022
— Flag Network (@flagnetwork_NFT) March 24, 2022
2. Chainlink Labs Launches Startup With Chainlink
Popular decentralized oracle protocol Chainlink recently inaugurated its Startup With Chainlink platform. The platform will help facilitate innovation and adoption in the blockchain and crypto sectors. To achieve this, Startup With Chainlink will provide much-needed support for Web3-based startups.
Moreover, providing them with the resources needed to shape the future of decentralized technology and smart contracts. Chainlink is also well-known for its secure, reliable, and tamper-proof price feeds.
Startup with Chainlink, a program to support and empower early-stage Web3 projects, is now open for applications!
Startups that join the program will receive access to resources, technical support, and mentorship to help fuel their success. https://t.co/Pyz0L59EEI
— Chainlink (@chainlink) March 23, 2022
3. Keyswap’s Innovative DEX Now Live
Keyswap, one of the most advanced DeFi platforms on Binance Smart Chain (BSC), now has an innovative DEX. Thanks to the DEX’s launch, interested persons can now stake tokens on Keyswap farms, innovative pools, NFTs, etc. Also, according to the announcement, Keyswap farms and innovative pools went live on March 26, 2022.
Notably, the Keyswap DEX is also an innovative way to earn huge profits.
Now it's time to earn great profits in @keyswap_dex by staking Key tokens in farms and pools from 26th of March'22 and also a lot of innovative and interesting features like Launchpad, NFTs and many more are coming soon to increase your profits to new heights. pic.twitter.com/RZVEIMqd9V
— keyswap (@keyswap_dex) March 25, 2022
4. MistX Labs Obtains Balancer Grants
Last week, MistX announced that it would be integrating Balancer into its aggregator. According to the announcement, the recently obtained grant will facilitate the integration of Balancer pools with MistX swapping tech.
Furthermore, Balancer Grants is a community-governed grant designed to promote the development of the Balancer ecosystem.
— Balancer Grants ⚖️ (@BalancerGrants) March 25, 2022
5. Kava Platform Partners With DeFiYield
Last week, popular Layer 1 blockchain Kava entered into a strategic partnership with DeFiYield. Subsequently, interested persons can manage all their crypto assets on the Kava blockchain.
Kava is also known to facilitate interoperability between Cosmos chain and the developer support of the Ethereum blockchain.
🎉 New Blockchain Announcement 🎉
Please welcome @kava_platform blockchain to the cross chain dashboard by DeFiYield and now ready to integrate Kava Yield Farming protocols and more🔥
— DEFIYIELD.App👨🌾🚜 (@defiyield_app) March 25, 2022
6. TerraUSD (UST) Now on THORChain
Algorithmic stablecoin TerraUSD (UST) is now live on the cross-chain DEX aggregator platform THORSwap. Therefore, making it possible for interested persons to trade LUNA/Bitcoin, UST/ETH, or UST/USDC trading pairs.
Also, these swaps can be carried out directly without the need for intermediaries, KYC, or limits. In addition, interested persons will also earn DeFi yields when they swap UST/LUNA trading pairs.
Terra has been launched on @THORChain
— THORSwap (🔱 ,🔱) (@THORSwap) March 25, 2022
7. Venus Protocol Partnership With Coinbase Wallet
The decentralized money market based on BNB chain is now in partnership with Coinbase wallet. Coinbase has also been touted as the world’s most secure crypto wallet and dApp browser.
The integration, moreover, is a step in the right direction for Venus Protocol. Bringing together Venus’s top borrowing and lending features and Coinbase’s secure wallet browser.
We do love our DeFi.
— Coinbase Wallet (@CoinbaseWallet) March 24, 2022
8. Timeswap Mainnet Launch
The Timeswap mainnet is finally online. The mainnet went live on Polygon on March 21, 2022. Timeswap is also focused on being the first-ever DeFi, permissionless, fixed maturity lending and borrowing ecosystem.
Timeswap, the decentralized AMM money market, is a major update to the entire DeFi space. Moreover, it is self-sufficient, gas-efficient, and non-custodial with no need for oracles or liquidators.
TimeSwap is quite similar to Uniswap but, however, only for lending and borrowing.
For more details checkout our blog here: https://t.co/bbtNSv8wDQ
— Timeswap ⏳ (@TimeswapLabs) March 21, 2022
9. Beefy Finance | DeFiYield Partnership
Multichain yield optimizer platform Beefy Finance, along with its EVM-compatible chains, is now on DeFiYield dashboard. Now, Beefy Finance users will be able to track their balances, deposits, etc.
New Protocol ⚡️Beefy Finance 🎉
🤩Happy to announce that the Awesome DeFi protocol @beefyfinance along with its biggest EVM-compatible chains has been integrated into DeFiYield Investment Dashboard!
— DEFIYIELD.App👨🌾🚜 (@defiyield_app) March 25, 2022
10. tofuNFT Partnership With The Dead Cuties
tofuNFT, also formerly know as SCV.finance and the largest NFT marketplace on Binance Smart Chain (BSC), has added support for The Dead Cuties NFTs.
The NFTs will now be available for swapping and trading on tofuNFT.
Furthermore, The Dead Cuties is a collection of unique art NFT pieces all with their own unique traits and features.
🎉We are excited to announce an official partnership with @TheDeadCuties, a randomly generated and unique art, all with their own special traits and features. Each DeadCutie has their own unique death and attributes.#NFTs #Arbitrum
— tofuNFT📛 / The largest NFT marketplace on BSC (@tofuNFT) March 23, 2022
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