DeFi in Polkadot Vol.11 | Mar 22nd - Mar 28th

DeFi in Polkadot series is published weekly, which combines observations of Coin98 Ventures on the Polkadot ecosystem's decentralized finance-related projects.

For projects wanting to be featured in DeFi in Polkadot or having any suggestions, please chat with us at [email protected].

General

Parachain Auctions & Crowdloans Test on Rococo

On Mar 25th, 2021, Parachain Auctions & Crowdloans test has launched on Rococo. If you want to join in this event, you need:

• ROC (rococo-faucet:http://matrix.org).

• Register to become a Parathread (requires Runtime Wasm + Head Data, takes 2 sessions; 1 hour).

If you are interested in this test, follow shawntabrizi's guide here. 

Web 3.0 boot camp

Web 3.0 Bootcamp will be organized by Wanxiang Blockchain Labs, New Chainbase, Parity, and Web 3 Foundation. This is a golden opportunity with attractive training and rewards for the twelve most potential startups from around the world who are selected to join a six-month training program. The boot camp aims to help these projects have a clear plan or have begun mature and sustainable business models based on Substrate and Polkadot.

Check here for more information about this amazing boot camp. 

Infrastructure & Parachain

Apron x Litentry

Apron - a decentralized platform for DApp developers, DApp users, and infrastructure operators with a decentralized network based on blockchain technology infrastructure services has founded strategic collaboration with Litentry - a cross-chain identity aggregation protocol that features a Substrate-built network mobile app and identity-related tools.

As a part of this partnership, Apron Network will integrate Litentry’s Decentralized Identity (DID) Aggregation API while  Litentry becomes a data provider of Apron Network, enabling Dapp developers on Apron Network to use Litentry’s identity computation and DID Registrar service and obtain a user’s real-time identity data aggregated from multiple networks

Apron x Patract

There is a new strategic partnership between Apron and Patract - a Wasm Smart Contract Open Platform for Polkadot. Thanks to this partnership, Patract will integrate Parity’s existing technology with the full set of Wasm contract full-stack tools developed by itself to create a new generation of Wasm Contract Open Platform. 

By joining forth with Patract, Apron will provide the Polkadot developers on the Patract with a decentralized API service.

Darwinia x Cere Network

Darwinia - a decentralized heterogeneous cross-chain bridge protocol built on Substrate, focusing on decentralized cross-chain token swap, exchange, and the market has formed an in-depth collaboration with Cere Network -  a blockchain-based data warehouse solution that is optimized for capturing user/app interactions. 

This collaboration brings  30 whitelist spots of the upcoming main Cere Network public sale to Darwinia’s community members. 

Phala x TrustBase

Phala Network - a privacy-preserving cloud computing service, will cooperate with TrustBase - a Polkadot parachain based on the Substrate framework that independently develops the Subscript smart contract language and supports various plug-in tools and smart contract applications. By joining this partnership, both parties will develop and leverage the Polkadot ecosystem’s infrastructure.

Plasm won the 2nd Parachain slot on Rococo

After Acala occupied the 1st Parachain slot, Plasm won the 2nd Parachain slot on the Rococo testnet. This event is a way to help projects to complete all the functions before launching parachain auctions on Kusama shortly. This remarks a big step for  Plasm. 

Moonbeam x DIA

Moonbeam - an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications announces that they will be integrated with DIA (Decentralised Information Asset) - an open-source, financial information platform that utilizes crypto-economic incentives to source and validates data. 

DIA will enable DApp developers to build applications on the network with multi-sourced easily and verified data as a data source.

ChainX x Cere Network

ChainX - a project that focuses on the research and application of Bitcoin layer 2 expansion, digital asset gateway on Polkadot has joined forth with Cere Network -  a blockchain-based data warehouse solution optimized for capturing user/app interactions. 

This collaboration brings  30 whitelist spots of the upcoming main Cere Network public sale to ChainX’s community members.  

Crust Network’s  NFT Storing Instruction

NFTs is a new trend in the blockchain field recently, and Crust will take advantage of the rapid development of the NFT market to deepen exploration and cooperation in the NFT field. Crust Wiki has already added detailed guidance of NFT storage scenarios with 8 main points: 

• Definition.
• Market Value.
• Storage & NFT Storage on Crust.
• Detailed Process.
• Crust NFT Merchandise.
• Crust Fire Cloud & PolkaPets.
• Crust NFTs Value.
• Update of Little Crust WeChat Image.

Check here to see the full instruction.  

Stablecoin

Acala occupied the 1st Parachain slot on Rococo 

Acala has won the first parachain slot on Polkadot testnet Rococo. From this moment, Acala occupies the first public parachain slot on Rococo. 

Over 24,000 waitlist registrations of Karura 

Karura - The all-in-one DeFi hub of KusamaNetwork, Sister of Acala Network, has witnessed over 24,000 waitlist participants interested in the project. 

The parachain auction waitlist will end the next Wednesday at 11:59 pm UTC, so if you do not want to miss this potential project, click here to join immediately. The waitlist is your only chance for referral code eligibility to share with your community to split a 10% bonus, plus access other can't-miss information. 

Lending

PolkaDeFiance recap. 

Polka DeFiance is an event for A-list Polkadot and DeFi players to share their ideas and help the audience catch up to the rapidly developing space. The event is 4 hours long, and here are some highlights that you should not miss: 

• Interoperability: Making DeFi Liquidity More Powerful.
• Big Projects Arriving at Polkadot.
• Polkadot As A Solution To Scalability.
• Polkadot Investment Landscape.

Konomi (KONO) tokenomics

A few days ago, Konomi updated the $KONO Tokenomics page for users to have a more in-depth analysis about what is happening on Konomi Roadmap with its token $KONO. 

Besides that, if you want to understand deeper about Konomi, you can join them on April 1st for a demo preview of the lending module through AMA between Konomi and LINK. 

The detailed KONO tokenomics here. 

DEX

Polkadex overview.

This is a Twitter thread including 4 parts about critical points related to Polkadex’s three levels of asset control: 

• User Level.
• Cloud Level.
• System Level.

Synthetic Assets

StaFi introduced rATOM

StaFi - the first DeFi protocol unlocking liquidity of staked assets has recently launched rATOM- a solution solving the staking liquidity problem for the Cosmos community.  rATOM solution solves the liquidity problem for ATOM staking and provides standardized liquid staking solutions for all Cosmos projects. In the medium article, StaFi introduces a detailed overview about rATOM with 10 main points: 

• Definition.
• rATOM/ATOM Exchange Rate.
• rATOM Solution Value.
• rATOM product participants.
• Staking Strategies.
• Slash.
• Claim Rewards.
• rATOM Charge.
• The Secondary Market Circulation of rATOM.
• Tendermint rToken General Standard.

Insurance

Tidal testnet

On Mar 28th, Tidal announced their upcoming testnet with this below the user interface. If you have some spare time, you can experience it and give some feedback to the Tidal team.    

Tidal x Bifrost

Tidal - a project providing insurance coverage for assets across chains in custom balanced liquidity pools has partnered with  Bifrost - the Polkadot ecological DeFi basic protocol to bolster the security of Bifrost’s platform by insuring Bifrost’s vToken smart contracts and help launch its initial coverage pool as well as help cover Bifrost’s slashing losses down the road.

Tidal x Polygon

Tidal announced their strategic collaboration with Polygon - the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Through this partnership, Tidal Finance will offer a new security layer to the Matic Network (Polygon) while Polygon helps Tidal users save gas fees on transactions.

Tidal x Elrond

Tidal - a high-yield DeFi insurance platform offering the DeFi community the ability to hedge against failure of any DeFi protocol or asset and Elrond - a blockchain protocol that seeks to offer breakneck transaction speeds by using sharding, have decided to become strategic partners to bring insurance coverage solution to the Elrond ecosystem. 

Oracle & Data

Kylin x Raze Network

Kylin Network - a cross-chain platform powering the data economy on Polkadot established a partnership with Raze Network - A Substrate-based cross-chain privacy protocol for the Polkadot ecosystem to together built connections for Raze team with crypto veterans in different fields, expose their privacy-preserving protocol to a robust network and give Raze team chances to learn the pain points and hone in on the integration process, and finally to building a long-lasting privacy shield for this space. 

Kylin x MobiFi

MobiFi - a financial orchestrator for Mobility as a Service (MaaS) partners with Kylin Network to use Kylin Data Oracle and take advantage of oracle scripting parameters to deliver real-time mobility data feeding. 

In the beginning, MobiFi will integrate price data feeds from Kylin oracles. After that, they may use Kylin Data Analytics RESTful API tools to perform analytical functions.

KILT Protocol won the 3rd Parachain slot on Rococo

KILT - a blockchain protocol for issuing self-sovereign, anonymous, verifiable credentials has become the third project to win the parachain auction on Polkadot testnet Rococo.

Liquidity 

HydraDX Instruction

HydraDX introduces their HydraDX Documentation to provide all necessary information for their dear users. On this website, you can find: 

• Introduction about  HydraDX.
• Essential knowledge related to stake.
• Stakenet tutorials.
• Content contribution for the project.

Learn more about HydraDX here. 

Reef Chain testnet

Mar 31st, Reef Chain -  the first DeFi blockchain on blockchain on Substrate will unveil its testnet. To be a part of this event, follow here. 

DeFi in Polkadot is created for information-providing purposes, not including investment advice.

For projects wanting to be featured in DeFi in Polkadot or having any suggestions, please chat with us at [email protected].

Read more:  DeFi in Polkadot Vol.12 | Mar 29th - Apr 4th