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Top 10 DeFi Updates | July Week 4

www.altcoinbuzz.io 27 July 2021 13:21, UTC
Reading time: ~5 m

The NFT and DeFi space has continued to gain attention, and support from its increasing numbers of enthusiasts worldwide.

Details of top DeFi updates like Cosmos integration with Band Protocol and Idle Finance partnership with Biconomy. To keep our readers informed we have published some of last week’s top DeFi updates.

1. Avalanche Mainnet Integrates Chainlink Decentralized Price Feeds

Last week, Chainlink’s reliable and decentralized price feeds went live on Avalanche. This means that the reliable price feeds will be available on Avalanche’s mainnet. Therefore, providing developers on Avalanche with top-notch features to help them build cost-efficient DeFi applications.

Interestingly, the partnership was made possible by Chainlink Community Grant won by Avalanche validator, and development workshop named Protofire.

With support from a #Chainlink grant awarded to @protofire, Chainlink Price Feeds are now running live as the go-to oracle solution on @avalancheavax mainnet, enabling Avalanche devs to build high throughput, low-cost, & universally connected #DeFi apps. https://t.co/LKBoBy7FhY

— Chainlink – Official Channel (@chainlink) July 21, 2021

2. ONTO Wallet and SWFT Blockchain Swap Event

ONTO Wallet recently entered into a strategic partnership with SWFT blockchain. The partnership is aimed at improving interoperability across Ethereum, Polygon (formerly Matic), HECO, and Binance Smart Chain (BSC) for SWFT users.

To celebrate the partnership, 400,000 SWFTC tokens have been set aside for a giveaway. The tokens will be distributed on a first come first serve basis. This means that the first 160 persons to complete a task will receive 2,500 SWFTC each.

🎉New partnership with @ONTOWallet!

⭐️With SWFT #AllChain, users can now bridge across #Ethereum #BSC #HECO #Polygon without leaving the wallet 🤩

🥳To celebrate we are giving away 400,000SWFTC🎊

👉First come first serve #definews #Giveaway https://t.co/EggWwuGse2

— SWFT Blockchain (@SwftCoin) July 20, 2021

3. TeaSwap Finance | Chainlink VRF

Fast-rising gamified farming platform TeaSwap has announced a strategic integration with Chainlink VRF. According to reports, the partnership will help TeaSwap randomly, and securely pick winners in its draws on Binance Chain.

Chainlink is well-known for its reliable, secure, and bias-free oracles. Its VRF is based on off-chain computation, therefore ensuring top-notch randomness.

Gamified farming platform @SwapTea integrates #Chainlink VRF on @BinanceChain to securely pick winners in its draws. Chainlink VRF uses off-chain computation to generate fair randomness, which is verified on-chain as high integrity via cryptographic proofs.https://t.co/7fY98HS24d

— Chainlink – Official Channel (@chainlink) July 19, 2021

4. Solv Protocol Integrates The Graph

DEFI platform Solv protocol last week entered into a strategic partnership with the Graph. The partnership will provide Solv protocol with the ability to facilitate seamless navigation for Solv vouchers. Solv vouchers also facilitate buying, selling, creating, and managing their project.

📢The Graph has become a game changer in #DeFi for handling databases & #SolvProtocol utilizes their tech to power our #SolvVouchers, accelerating the construction 🏗️ of the data layer & infrastructure of #FinancialNFTs! 🚀

Get all the details below! 👀https://t.co/9InEKlbUlF

— Solv Protocol (@SolvProtocol) July 22, 2021

5. Harvest Finance Now on Polygon

Harvest Finance is officially now on Polygon (formerly Matic Network). Alongside launching on Polygon, the automatic yield farming protocol will also be introducing three (3) vaults across Quickswap, and Sushiswap.

We are now live on @0xPolygon !

Kicking this off with the introduction of 3 vaults across @QuickswapDEX & @SushiSwap

Minimize fees & maximize yields today at https://t.co/gSwladtEax 🚜https://t.co/gfRFy6P2rd

— Harvest Finance (@harvest_finance) July 20, 2021

6. Cosmos Integrates Band Protocol

Popular decentralized platform Cosmos announced a strategic integration of Band Protocol. The integration was done via StarportHQ and will further facilitate the realization of Cosmos dream of being the Internet of Blockchain.

The integration will boost interoperability between the blockchain present in the Cosmos ecosystem.

🔊 @cosmos 🤝 @BandProtocol integration

The Band Oracle has been integrated into Cosmos, through @StarportHQ, to further the realization of the Internet of Blockchains.https://t.co/eDvAj78luB pic.twitter.com/XSjEQB1eBe

— Cosmos – Internet of Blockchains ⚛️ (@cosmos) July 22, 2021

7. Saber | Ren Protocol | Badger DAO to Bring ibBTC to Solana

Saber in conjunction with Ren Protocol and Badger DAO announced the introduction of interest-bearing Bitcoin (ibBTC) to Solana. Interested persons will be able to trade ibBTC against other supported tokenized BTC on Saber.

Saber, @BadgerDAO, and @RenProtocol bring Interest Bearing Bitcoin #ibBTC to @Solana https://t.co/nLvlmlKXcT#Bitcoin #btc $SOL $BTC $REN

— Saber Labs 🗡 (@Saber_HQ) July 23, 2021

8. Idle Finance Integrates Biconomy

Idle Finance users can now enjoy fast, secure, and hitch-free deposits due to the recent partnership with Biconomy. Users can also now make gas payments in the crypto asset they want to deposit instead of just Ethereum (ETH). Idle Finance is also making a name for itself as one of the top yield aggregators in the DeFi space.

🤝 Seamless deposits on @idlefinance now powered by Biconomy!

Pay gas in the asset you deposit, instead of paying it in ETH.

🌐Read more: https://t.co/izRyGA7MAP pic.twitter.com/EvsfFP0tz7

— Biconomy (@biconomy) July 23, 2021

9. Coin98 Wallet Partners With Binance

Coin98 Wallet has partnered with Binance to enable it to carry out its C98 token sale. The sale also commenced on July 16, 2021. Coin98 Wallet also allocated 50,000,000 C98 tokens (an estimated 5% of its total token supply) to be distributed. Notably, the token sale ended last week on July 23, 2021.

Coin98 (#C98) token sale has completed with over 5M $BNB committed. Following this token sale, the C98 token will be listed on @binance in the innovation zone at 12:00 PM (UTC) today.

Explore more 👉 https://t.co/8KdyZk4lUX

Rock on! 🔥 pic.twitter.com/CaEETDFZ1K

— Coin98 Wallet (@coin98_wallet) July 23, 2021

10. Plasma.Finance Now on Polygon

ETH-based platform Plasma.Finance is now on Polygon network. The partnership will help Plasma.Finance extends its services like its Initial DEX Offering (IDO) to more exchanges. Also, its DEX token offering platform, PlasmaSwap, makes it possible for firms to launch tokens on several blockchains.

#PlasmaFinance launch on @0xPolygon represents Phase 1 of our #Hyperloop ecosystem and scaling of @Ethereum. You'll love @0xPolygon's instant settlement + low gas fees with @Plasma_Pay.@Plasma_Pay is scaling @ethereum #ETH @VitalikButerinhttps://t.co/rIOJbE5axR pic.twitter.com/pOXEswyl2m

— Plasma.Finance – Bundle all DeFi in one dApp (@Plasma_Pay) July 23, 2021

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