DeFi Updates | Timeswap Mainnet Launch | March Week 4

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.

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.

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.

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.

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.

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.

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.

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.

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.

10. tofuNFT Partnership With The Dead Cuties

tofuNFT, also formerly know as 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.

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