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Are you interested in getting involved in the decentralized finance space? Do you want to know more DeFi updates happening in the space?
In this article, you will discover the top ten DeFi updates of the first week of October.
1. Cardano Launches New Stablecoin on Coti Network
The Cardano summit has covered many strategic improvements. During the event, Charles Hoskinson also disclosed plans to launch its new stablecoin, known as Djed.
Therefore, according to the announcement, the COTI Network will be the first to list Djed.
COTI is the official issuer of Cardano’s stablecoin!
As just revealed during the @CardanoStiftung summit by none other than Charles Hoskinson, COTI will become the official Djed issuer, Cardano's new stablecoin!
Read more: https://t.co/omAxVZUOow$COTI $ADA @IOHK_Charles pic.twitter.com/yschC9wdbd
— COTI (@COTInetwork) September 26, 2021
2. dForce | DODO – Launched Dual Liquidity Mining
dForec has strategically partnered with DODO. The goal is to create a liquidity mining platform on Arbitrum.
As a result, according to the announcement, the mining initiative started on September 29, 2021.
FINALLY ITS HAPPENING! 🤩🤩
dForce’s dual liquidity mining initiative ( $DF + $DODO) with @BreederDodo on @arbitrum is live now 👏👏
✅A total of 33,000 $DF & 2,166 $DODO will be distributed daily
Learn it all👇https://t.co/wlFUT2EHrO
— dForce (@dForcenet) September 29, 2021
3. Alpha Finance Labs Launch AlphaX
Alpha Finance just introduced its AlphaX incentive program called “Lightning in a bottle.” The incentive program is directed at AlphaWolves community members. This will allow them to participate in the AlphaX testnet and earn incentives.
Above all, according to the announcement, the incentive program is scheduled from October 1 to October 15, 2021.
Introducing #AlphaX Incentive Program: “Lightning in a bottle” ⚡️💡
This incentive program is for the #AlphaWolves community to participate in the AlphaX testnet and get rewarded!
The program will run for 2 weeks, October 1-15
What is the reward?👇https://t.co/QqmVNcYqjQ
— Alpha Finance Lab (@AlphaFinanceLab) October 1, 2021
4. Umbrella Mainnet Now on Ethereum
Last week, Umbrella Network was officially launched on Ethereum. In addition, now, $UMB smart contracts can be deployed on the Ethereum blockchain. Also, ETH dapps will have access to $UMB oracles.
😎 The TIME is NIGH🔥🔥$UMB is LIVE on the @Ethereum mainnet 💪
They say timeliness is next to Godliness and we're all about that 😬
Check the #ETH data feeds 👉 https://t.co/aoIi4hL0sc
Read the blog 👉 https://t.co/tBNlKTEF93#RoadToMainnet pic.twitter.com/efb6Mt9fXm
— Umbrella Network (@UmbNetwork) October 1, 2021
5. Crypto.com Launches DYDX SuperCharger
Crypto.com has announced the launch of its DYDX supercharger. Consequently, according to the announcement, USD 1 million has been set aside as a reward allocation. Also, participants have the opportunity to earn APYs as high as 80%.
#DYDX Supercharger 10x Booster Bonus is live!
🔥USD 1M reward allocation
🚀Chance to win up to 80% APY (10x)
💰Deposit $CRO & farm $DYDX⭐Get a special "Supercharger 10x Booster" NFT to win the bonus APY
Available in the App & Exchange
👉 https://t.co/ysFrQiu4wk pic.twitter.com/6V1DZr7MqO
— Crypto.com (@cryptocom) October 1, 2021
6. WOWswap Launched NFT Leveraged Trading on Ethereum
You can now trade your NFTs with 5x leverage on WOWswap. This platform has officially launched the NFT trading platform on Ethereum. Therefore, users will use USDC or ETH to buy NFTs they cannot afford to buy.
According to the announcement, the NFT trading platform will be available for six NFT index tokens.
WOWswap Leverage Trading of #NFTs is live on #Ethereum 🚀
👉Now you can trade the most popular #NFT collections with 5️⃣x leverage.
👉Thanks to @NFTX_ you can invest any amount of $ETH or $USDC in digital art – no need to buy the whole piece. https://t.co/oKEO7Xulzy
1/3
— WOWswap (@Wowswap_io) September 30, 2021
7. DeFi Warrior Integrates Chainlink Price Feeds
DeFi Warrior has announced a strategic integration with the popular oracle platform Chainlink. The game will have access to Chainlink’s secure and accurate price feeds.
Moreover, according to the report, the partnership will also help boost the strength of the game.
Blockchain-based game @DeFiWarriorGame integrates #Chainlink Price Feeds to upgrade the strength of its Warriors in a fair & secure manner. Each Warrior #NFT represents an existing cryptocurrency and obtains enhanced power in battle based on price changes.https://t.co/7HuVHSFl9B
— Chainlink – Official Channel (@chainlink) October 1, 2021
8. Switzerland to Inaugurates Crypto Stamp On Polygon
The Switzerland postal service is planning to launch the world’s first-ever crypto stamps. This initiative will be built on the polygon blockchain.
Meanwhile, according to the official announcement, the stamps are digital collectibles backed up by symbols. The stamps are currently issued by the postal service and cost around 8.9 swiss francs.
May we present: The "Swiss Crypto Stamp"! @swisspost builds a bridge from the physical stamp world into the digital crypto-universe. #stamps #digitisation https://t.co/98gz1lUfN3
— Swiss Post | News (@swisspostnews_e) September 30, 2021
9. EnjinStarter Now on Uniswap
EnjinStarter native token, $EJS, is officially listed on Uniswap. Therefore, this means that gamers will now have access to $EJS tokens on Uniswap. Finally, $EJS has a total supply of USD 4,981,250,000.
Liquidty has been added on uniswap – https://t.co/7tmYyyHa4f
For those that missed buying on our public sale this is your best opportunity to get your hands on our tokens pic.twitter.com/QuPNGpJzXv
— ENJINSTARTER (@enjinstarter) October 2, 2021
10. Polkadex Mainnet is Live
Polkadex has officially launched its mainnet on the Polkadex chain. Now, $PDEX tokens will enjoy cross-chain capacity. In conclusion, This will be possible between Polkadex and the Ethereum blockchain.
🚀🚀The Polkadex Mainnet is here!🚀🚀
The Polkadex community's most important milestone yet marks the start of a new era for #Web3 and #DeFi! pic.twitter.com/DZEazuMpjk
— Polkadex (@polkadex) September 29, 2021
I hope you’ve enjoyed the top 10 DeFi Updates.