We expect to see a continued increase in DeFi investors as the year 2021 comes closer to a conclusion.
Last week, several exciting updates took place in the decentralized finance (DeFi) space. To keep our readers informed, we have compiled ten of these top DeFi updates. The DAO Maker Venture Yield upgrade and DFG 200,000 DOT token investment in the Efinity crowdloan are some of the top DeFi updates of last week.
1 – DFG Donates 200,000 DOT to Efinity
Global crypto investment firm Digital Finance Group (DFG) added support for Efinity. The platform contributed 200,000 DOT tokens to Efinity’s crowdloan plan. Thus, this will help Efinity in its race to obtain a parachain slot.
"It is relatively difficult for new users to have access to high-quality NFT products. #Efinity shows us a fresh mindset."
@DFG_OfficiaI believes Efinity will make #NFTs easier, faster, and cheaper to use for everyone.https://t.co/3m8a017rPE$DOT #Polkdaot pic.twitter.com/5gJKTXFoYp
— Efinity (@efinityio) November 26, 2021
2 – Cyclos | Solatars to Launch “Le Cougar Clique”
Solana-based Cyclos, in partnership with Solatars, has announced plans to launch the “Le Cougar Clique” NFT drop. Moreover, the launch will help drive more use cases for Cougar Den (the platform behind the project and also the Cyclos ecosystem).
3 – Celer Network | Kava Labs
Transferring assets between Kava and other EVM blockchains is now possible, thanks to Kava Labs cBridge 2.0. In line with this, Celer Network has also announced a strategic partnership with Kava. Therefore, giving them the opportunity to make use of the Kava cBridge.
🤝We are partnering with Kava Labs™ to integrate cBridge! @kava_platform @KavaChinese
🌉Bridging assets between Kava and other #EVM compatible chains will become faster, cheaper and easier on cBridge 2.0!⬇️More details: https://t.co/sZ5tL1TPBX
— CelerNetwork (@CelerNetwork) November 23, 2021
4 – NFTrade Partnership With MoonPay
Last week, blockchain-agnostic NFT platform NFTrade has announced a strategic partnership with payment processing platform MoonPay. Thanks to the partnership, interested persons can now purchase NFTs directly with fiat currencies and credit cards.
Want to buy and sell #NFTs using credit cards and fiat?
For the third day of our 10 Days of Growth, we're happy to announce our partnership and upcoming fiat integration with @moonpay. Soon, users will be able to purchase and sell all NFTs using fiat.https://t.co/rLJXznapRU
— NFTrade (@NFTradeOfficial) November 27, 2021
5 – DAO Maker Venture Yield Upgrade Goes Live
Last week, crypto launchpad platform DAO Maker launched its much-anticipated Venture Yield upgrade. The upgrade included the Victoria VR SHO and will also involve 10.5 million DAO tokens. Specifically, these tokens will be distributed over a period of 1,095 days. That is 3.5 million DAO tokens every year.
Find out more about the Venture Yield upgrade here.
Venture Yield Upgrade LIVE!
We are proud to announce our latest major upgrade to DAO Maker and the $DAO Pad. The long-awaited Venture Yield (VY) Upgrade is finally here.
VENTURE YIELD OVERVIEW https://t.co/l7sFwAgY3H
DAO PAD MAJOR UPDATE:https://t.co/IQMkBAj7Le
— DAO Maker (@TheDaoMaker) November 22, 2021
6 – Poolz Invests in ECIO
Decentralized IDO platform Poolz last week invested in metaverse project ECIO. ECIO shows great potential in the blockchain gaming space. The metaverse platform is also known for enabling its players to create about 41 million different gaming characters. Also, these characters can also be used to fight and earn rewards.
7 – Chainlink Integrates DODO/USD Trading Pairs
Popular oracle platform Chainlink (LINK) has integrated DODO/USD trading pairs. The oracle platform is known for providing top-notch, secure, and reliable price feeds in the cryptocurrency and blockchain space.
Integrating DODO/USD trading pairs will furthermore help to facilitate the adoption of BreederDodo’s native DODO token.
#Chainlink Price Feeds source data from multiple premium aggregators to generate accurate market-wide, volume-weighted prices.
Integrate the DODO/USD Price Feed on #Ethereum to build markets around @BreederDodo's native token, already used by @Phuturedao. https://t.co/EjZWgLDtcS
— Chainlink (@chainlink) November 27, 2021
8 – NFTrade Launches NFT Launchpad
Last week, cross-chain NFT platform NFTrade launched its NFT metaverse launchpad. The launchpad will give NFTrade native token (NFTD) holders access to important features like INO (Initial NFT Offerings), etc.
As a leading innovator in the #NFT space, we are thrilled to announce our cross-chain NFT Metaverse launchpad!$NFTD holders get exclusive access to Initial NFT Offerings (INOs) at presale price, making metaverse and gaming NFTs more accessible than ever.https://t.co/m9fcrJGYZz pic.twitter.com/41GYTULGEX
— NFTrade (@NFTradeOfficial) November 24, 2021
9 – Moonbeam Wins Polkadot Second Auction
Polkadot smart contract platform Moonbeam has won the second Polkadot auction with over 35 million DOT tokens contributed by more than 200,000 contributors worldwide. Thus, Moonbeam will join the chain at block height 8179200 along with the other five auction winners.
The block height 8179200 is expected to take place on December 18, 2021.
1/🚀 Moonbeam wins the second @Polkadot parachain auction with over 35M DOT contributed from 200k+ contributors worldwide!🌐
In gratitude for your incredible support, the Moonbeam Foundation has increased the crowdloan reward pool by 50% to 150M GLMR!🎉 https://t.co/s1HST1Mjjl
— Moonbeam Network (@MoonbeamNetwork) November 25, 2021
10 – Stake DAO Partners With Harmony ONE Protocol
Harmony ONE protocol recently partnered with multi-service DeFi platform Stake DAO. Therefore, interested persons can now stake their ONE tokens on Stake DAO to earn rewards.
1/ 🎯ONE Staking is live on @StakeDAOHQ offering staking-as-a-service to the $ONE community
Stake your ONE tokens on Stake DAO and earn staking rewards i.e. more ONEs in return while helping secure the network by delegating ONE tokens on @harmonyprotocol 🤩
Here's More 👇 pic.twitter.com/FdVcPjRZvw
— Harmony 💙 (@harmonyprotocol) November 24, 2021
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Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Kava. Copyright Altcoin Buzz Pte Ltd.
