DeFi in Polkadot Vol.7 | Feb 22nd - Feb 28th
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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
Polkadot Decoded, Call for Proposal
Polkadot Decoded held on May 20th, 2021 is a virtual conference introducing all aspects of Polkadot. The conference opens a gate to any Polkadot builders or community members who would like to present their ideas, with program curation decided by a community vote. The proposal submission ended on February 28th, 2021.
Check out the event here
PolkaDeFi Demo Day
PolkaDeFi Demo Day, which will happen on Thursday, March 4th, 2021, is a special day for many projects on Polkadot Defi landscape to show the integration of functionality tests to audiences.
There will be Polkadot Technical Working Group and DeFi Demo Day introduction from Ashley Tyson and Dan Reecer together with Parachains Overview from Rob Habermeier. After that, 8 projects will take turns to demo the integrations on Moonbeam, including:
Snowfork, Interlay, Acala, Centrifuge, Moonbeam demoing Balancer + Sushiswap, Phala
Plasm, Panel with Cami Russo
Save your spot for this event here
Infrastructure & Parachains
Clove x EasyFi
EasyFi - a Layer 2 DeFi Lending Protocol for Digital Assets and Clover - a smart contract platform that enables Ethereum developers and projects to migrate their contracts onto Polkadot, have formed a Strategic Partnership to build a parachain bridge for Polkadot-based digital assets. This collaboration aims to:
- Expand and offer the EasyFi lending protocol to multiple networks
- Build bridges to enable interoperability between different blockchains for access to their token systems to be used as collaterals on EasyFi money markets.
- Render multichain compatibility to the EasyFi money markets by listing newer collaterals such as staked assets derivatives and native tokens from other projects.
Read the articles here
Apron’s solution for traffic overload problems
Apron Network is a decentralized node service providing a platform where developers can access Ethereum node services through multiple service providers. Through analyzing the traffic overload problems Mask Network faces, Apron Network shows its ability to solve these current issues. By integrating with Apron SDK, Networks eliminates the dependence on a particular service such as QuikNode
For more details, please visit here.
Centrifuge launched ChaChaCha
Centrifuge launched ChaChaCha - a Rococo-based parachain testnet to create a testing environment for many parachain projects to test their connectivity while waiting to be tested with Rococo.
Learn more here.
Phala listed on Binance’s Innovation Zone
Phala Network - a privacy-preserving protocol for data-protection and blockchain smart contracts was listed on Innovation Zone of Binance at 2021-02-25 9:00 AM (UTC). users can trade for PHA/BTC and PHA/BUSD trading pairs.
Check out the Binance announcement here.
Moonbeam’s Moonbuilder Workshop
Moonbeam held Moonbuilder Workshop - a series of workshops to provide more information about Moonbeam from a technical perspective. The Moonbuilders workshops will take place every first Wednesday of the month.
The first presentation from Alberto about:
- How Moonbeam is Ethereum compatible
- How to connect to the TestNet
- Simple JSON RPC queries demo
- Deploy a simple contract using Remix
- Using Truffle to deploy an ERC-20 Token
- Using Hardhat to deploy & interact with a contract.
Register for this series here.
1st episode of Bifrost 101 series
Bifrost introduces the first episode of Bifrost 101, a video series introduction about
Bifrost Finance and how Bifrost's staking derivatives work in different ecosystems.
Visit this link to watch the video.
Bifrost 2nd Mint Drop End
In just 28 hours, Three rounds of Bifrost MintDrop have all been fulfilled with a total of underlying 15,000 ETH. vETH liquidity mining will be coming up next.
Three-week Crust internal testing activity ended
Crust - the incentive layer protocol for decentralized storage has finished a three-week Crust internal testing activity with successful results (over 100 users registered). Currently, the project is checking the results and preparing for rewards distribution to the community
For more information, check out this article.
Lending
Equilibrium PLO whitelist ended
Equilibrium, an interoperable money market on Polkadot consisting of a lending platform and a professional-grade cross-chain DEX, has closed its PLO whitelist. Participants will receive their referral links and next steps via email in the coming days.
Konomi monthly report
Konomi - a complete suite asset management solution for the cross-chain crypto assets, has released a monthly report regarding all the Konomi project’s latest updates regarding five aspects: Development, Website, Community, Partnerships, AMA.
Read the report here.
Konomi x bZx
Konomi forms a partnership with bZx - a DEX that offers open finance protocol to facilitate lenders, borrowers, and traders on Ethereum. This collaboration allows Konomi to access bZx margin trading capabilities and receive liquidity via cross-chain lending & borrowing.
Click here to read the full announcement of this partnership.
DEX
SORA/ PolkaSwap testnet updated
Polkaswap has successfully updated the SORA/ PolkaSwap testnet version to support tokens transferred across HASHI Ethereum bridge. From now on, XOR and VAI can be transferred between the Ethereum Rinkeby testnet and the SORA v2/Polkaswap testnet.
Check this article for instructions on how to transfer tokens.
Manta’s privacy and trust on cryptocurrency exchanges report
Manta releases privacy and trust on cryptocurrency exchanges report. This report identifies some concerns related to cryptocurrency exchanges together with five main key findings:
- Privacy concerns affect the activity of Blockchain.
- Wallet addresses do not offer enough privacy.
- Binance voted the most trusted CEX.
- Fees on DEX top concerns
- Leadership Matters
Read here for a detailed report.
Polkadex advantages analysis
Polkadex- a fully decentralized, peer-to-peer order book-based cryptocurrency exchange for the Defi ecosystem, has recently posted an article explaining the reasons behind its ability to support crypto assets better than others. With high speed and a combination of off-chain execution and on-chain verifiability, Polkadex has the ambition to flip the other DEX.
Read this article here to learn more about the explanation of Polkadex
Synthetic Assets
StaFi’s Polkadot-based token, $rDOT
StarFi - the decentralized protocol unlocking liquidity of staked assets, successfully launches $rDOT on Seiya Testnet. From now on, devs can run the client to mint rDOT by staking.
Check it on Github here.
Shadows Networks double IDO
Shadows Networks - a substrate-based synthetic asset issuance protocol announces its double IDO on PAID and DuckSTARTER platforms. IDO will start at 2 pm GMT, Tuesday, March 2nd, 2021. There will be a limited supply of 1,000,000 tokens for purchase on each platform at a fixed price of $0.125 per $DOWS token.
This kind of IDO is uncommon. Check out this article to learn more
Data & Oracle
Kylin’s token launch schedule
Kylin Network - a cross-chain platform powering the data economy on Polkadot, has announced its KYL token launch schedule, which begins on March 1st and will be completed by March 5th.
Whitelist of Kylin IDO has ended, and the 1st phase: IDO on Polkastarter platform will start at 2:00 pm UTC on March 1st.
To clearly understand the KYL token Launch Schedule, visit this article.
Kylin x YOP
Kylin has recently announced their partnership with YOP - an all-in-one Optimization platform focusing on facilitating access to yield markets.
This collaboration allows YOP to integrate price data feeds from Kylin Oracles, use Kylin Data Analytics RESTful API tools to perform analytic functions, and aligning functionalities based on a decentralized data marketplace.
Check this article for more information.
Kylin x Shadows
Kylin Network - a cross-chain platform powering the data economy on Polkadot releases an article announcing their strategic partnership with Shadows Network, a project brings synthetic assets to Polkadot’s interoperable Substrate framework. Through this collaboration, Shadows Network will integrate price data feeds from Kylin Oracles and use Kylin Data Analytics RESTful API tools to provide a ready-made solution to easily call the validated price and data feeds of their choice.
Read this article to learn more about this partnership.
Liquidity
HydraDX joined Rococo testnet
HydraDX has joined the Rococo testnet as a parachain together with six other projects: Plasm, Phala, Acala, Kilt Protocol, Crust, and Darwinia.
Reef x Litentry
24th February at 3 PM CET, Reef introduced Litentry Bond, which allows users to lock up $REEF to farm $LIT with $20,000 worth LIT reward.
Reef also announced an upcoming reverse Bond where users can lock up LIT to farm REEF. The total $20,000 worth of rewards in $REEF.
Read more 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].