DeFi in Polkadot Vol.5 | Feb 8th - Feb 14th
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
DOT ATH
Last week marked the start of the new Bull-ish year, and $DOT also showed its bullish move, reaching a new ATH at $30.2.
DFG $20M Polkadot Ecosystem Fund
Digital Finance Group (DFG) announced its $20 million Polkadot Ecosystem Fund, focusing on supporting and promoting top-notch projects within the DOT space.
Substrate Developer Academy
The Substrate Developer Academy, run by Acala Co-Founder/CTO Bryan Chen, endorsed by Parity Technologies, starts on Feb. 15th. The program contains a 6-week course and hands-on projects for participants to grow themselves.
Read here for more info.
Infrastructure & Parachains
Plasm Raised Fund from Binance
Plasm Network, a dApps hub on Polkadot that supports Ethereum, Rollups, and more, announced a $2.4 million funding round led by Binance Labs. The investment round was joined by HashKey, PAKA Ventures, Digital Finance Group, and LongHash.
Plasm integrated with Chainlink
Last week, Plasm announced its integration with Chainlink’s market-leading oracle network, ensuring its developers have access to secure and reliable oracle infrastructure.
Full details.
Bifrost 2nd Mint Drop
Bifrost, a parachain designed for staking liquidity, successfully raised 5,000 ETH in 72 hours during its first round of Mint Drop. The next round will open at 2 pm on Feb 20, 2021, with the same 72-hour hard top time & a mint limit of 5,000 ETH, for a total reward of 150,000 BNC for the round.
Clover x Injective Protocol
Clover Finance, a foundational layer for cross-chain compatibility built on Polkadot, partners with Injective Protocol, the first layer-2 derivatives exchange that provides unrestricted access to all markets. The partnership will enable Clover to leverage Injective’s derivatives trading ecosystem.
Apron free use node service
Apron Network, a decentralized infrastructure service built on Polkadot for DApp & Defi developers and infrastructure operators, is now offering free use node service for developers.
Apron x Bandot
Last week, Apron Network announced their collaboration with Bandot, a stable coin unsecured lending system based on Polkadot. Specifically, Apron Network will bring more convenience to Bandot network with their node services, on-chain data indexing, price feed, and other infrastructure services.
Manta’s Seed Round Investor
Manta Network, the first layer-1, a privacy-preserving protocol for DeFi built on Substrate, shared a detailed analysis conducted by one of their seed round investors, Rarestone Capital.
Lending
Equilibrium x Curve
Equilibrium, the first interoperable money market on Polkadot, announced their collaboration with Curve Finance to bring a cross-chain implementation of Curve’s AMM on its Polkadot parachain.
Full announcement.
Konomi x Paralink
Konomi Network, the decentralized money market on Polkadot, partnered with Paralink Network. The collaboration will allow the Konomi platform to enjoy multi-chain oracles service from Paralink Network.
For further info, please visit here.
Insurance
Tidal x Stafi
Tidal, the first customizable smart contract cover marketplace for the Polkadot ecosystem, partners with StaFi. With this collaboration, StaFi will provide slashing insurance for rETH validators, exploring coverage for the whole rToken products.
Full details.
Tidal x Rai Finance
Last week, Tidal also announced their collaboration with Rai Finance, a protocol designed for decentralized cross-chain asset exchange.
For more details, please visit here.
Tidal Titans Ambassador Program
Tidal Finance introduced the Tidal Titans Ambassador Program. Any community member can apply for the program to help simplify the defi insurance sphere.
Full announcement here.
Data & Oracle
Kylin x Certik
Kylin Network, a cross-chain platform powering the data economy on Polkadot, announced its strategic partnership with the top-tier security auditor, Certik. This collaboration will allow Kylin to make full use of CertikShield to protect their tokens, and Certik will conduct a code audit to identify potential issues.
Kylin Ambassadors Program
Kylin announced their Ambassadors Program, introducing their first apprentices and encouraging community members to join the force. For those who want to apply, please visit this article.
Paralink x Reef
Paralink Network partnered with Reef Finance to take on current data challenges in the ever-growing DeFi space.
Check out this article for further details.
Paralink's new investor
Hillrise Capital, independent research and advisory firm focused on scaling and supporting early-stage blockchain startups, is the latest investor of Paralink Network, as shared in their investment update.
Visit their announcement for further details.
Paralink x Knit Finance
Paralink announced their partnership with Knit Finance, the next generation of DeFi protocol that aims to bridge multiple non-Ethereum chains with ERC20. Specifically, Knit Finance will integrate Paralink’s cross-chain oracle into its DeFi products, including a market-leading suite of DeFi products.
Liquidity
HydraDX LBP on Balancer over
HydraDX Balancer LBP is finished with a total sale of 87% xHDX. The final price conducted was $0.08059.
Reef x Cere
Reef Finance, the first cross-chain DeFi operating system, powered by Polkadot, partnered with Cere Network, the decentralized data clouds, and the SaaS-DeFi network. The partnership will allow Reef to have better liquidity and user experience for their users and sharpen their products' customer journey.
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.6 | Feb 15th - Feb 21st