Top DeFi updates january 2022

At the time of writing this article, the DeFi space has continued to grow exponentially reaching more than $104.7 million in marketcap. Therefore, to keep our readers informed, we have compiled ten of the top DeFi updates that took place last week.

These DeFi updates include strategic partnerships, product launches, listings, etc. DeFi Llama now tracking Grape Finance and Platypus Alpha mainnet rewards are some of last week’s top DeFi updates.

Moreover, let’s find out some of last week’s top DeFi updates.

1. Brave Goes Live on SWFT Blockchain

Crypto payment platform, Brave, was launched on the SWFT blockchain. The integration provides several exciting updates. Therefore, thanks to the integration, users can:

  • Swap $BRAVE token for over 300 different cryptos.
  • Receive, send and request for payments via $BRAVE.

Also, SWFT blockchain is popularly known for its simple and secure cross-chain swap on popular chains like ETH, BSC, Polygon, etc.

2. Clover Finance Partnership With O3 Swap

On the other hand, last week, Clover Finance partnered with O3 Labs, a web 3 interoperable aggregation protocol. Therefore, the partnership will introduce both protocols.

Also, making it possible for Clover users to seamlessly carry out cross-chain swaps.

3. DeFi Llama Now Tracking Grape Finance

Renowned DeFi TVL and analytic platform, DeFi Llama, have added Grape Finance to its list of tracking projects. Moreover, Grape Finance is an algorithmic stablecoin protocol that is pegged 1:1 to $MIM.

Also, users have the opportunity to earn over 8% daily rewards from Grape Finance reward pools.

4.EasyBit Lists Kyber Network (KNC)

Cryptocurrency exchange platform, EasyBit, has added support for the $KNC token. Now, users can seamlessly exchange their $KNC tokens on EasyBit. Also, EasyBit boasts of providing token holders with the best possible rates.

Kyber Network is known as a multi-chain liquidity hub that provides instant and secure transactions on any dapp.

5. tofuNFT Partners With Sweet Loonies

tofuNFT, the largest NFT marketplace on Binance Smart Chain (BSC) has partnered with Sweet Loonies. Sweet Loonies is an upcoming AVAX NFT collection. With the partnership, interested persons can now buy and sell their Zombie Loonies NFT on tofuNFT. tofuNFT is also formerly known as SCV Finance.

Interestingly, Sweet Loonies will also launch its Public Minit event on January 25, 2022. Therefore, providing users with the opportunity to mint their Zombie Loonies NFTs.

6. Platypus Alpha Mainnet Reward

Platypus, known for redefining Stableswap and its top-notch UX and scalability, has released details of its Alpha mainnet reward. The platform on November 29th, 2021, launched its alpha mainnet. Reaching its liquidity cap benchmark of $10 million in under 15 minutes.

To thank its over 3,700 users and contributors, Platypus launched a unique reward structure. The platform plans to give out a total of 438,160 PTP tokens to all its liquidity providers and swappers.

Moreover, the reward system was launched on January 21st, 2022 with users having until April 21, 2022, to claim their reward tokens.

7. Equilibrium DeFi Partners With Polkadex

Polkadot’s first interoperable DeFi protocol, Equilibrium, has partnered with Polkadex. Therefore, users can stake $DOT tokens and receive $EQ tokens as rewards. Therefore, stakers will receive 10 $EQ tokens for every $DOT tokens they staked.

8. Alliance Block | ORE Protocol Partnership

Alliance Block, known for bridging traditional finance with the DeFi space, has partnered with ORE Protocol. As a result, the partnership is aimed at launching a double reward pool on Polygon, which will include an estimated 1 million $ORE tokens and about 100,000 ALBT tokens.

Moreover, the entire liquidity mining campaign is expected to run for 30 days.

9. FTX Integrates Polygon PoS Mainnet

Moreover, the crypto derivatives exchange, FTX, has integrated to Polygon. Therefore, this will allow users to easily withdraw or deposit crypto assets on the exchange.

10. CO2 Labs Receives Chainlink Grant

Finally, Last week, CO2 Labs, received a grant reward from Chainlink. This focuses on creating an application that helps mining companies track ESG compliance data.

Also, the Chainlink Community Grants Program is focused on providing financial support to innovative teams, social impact projects, etc. As a result, receiving a community grant is a major achievement for the CO2 Labs ecosystem.

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