Top 10 DeFi Updates | August Week 2 - Product Release & Updates
The decentralized finance (DeFi) space has continued to make waves in the blockchain and crypto sphere.
To keep our readers informed, we have published ten of some of the most exciting DeFi updates that took place during the second week of August. These top DeFi updates range from strategic listings to partnerships, events, and product updates. Dolphin Finance’s partnership with Chainlink and Wanaka Farm’s launch on TomoChain are some of these top DeFi updates.
1 – Coin98 Now on SushiSwap
Last week, Coin98 (C98) officially went live on popular AMM DEX platform SushiSwap. Interested persons can now swap ETH tokens for Coin98 (C98) tokens and vice versa on SushiSwap. Due to the listing, Coin98 users will enjoy better trading options.
We are excited to announce that Coin98 (C98) is now officially available on @SushiSwap, one of the top AMM decentralized exchanges in the Crypto-space. Users are now able to swap $ETH for #C98 and vice versa on SushiSwap.
More detail on: https://t.co/xvOLzSjX46 pic.twitter.com/cA3W9hIFPq
— Coin98 Wallet (@coin98_wallet) August 9, 2021
2 – StakeDAO Launched New Bonus Reward System
StakeDAO has launched a new bonus reward system with NFT staking. This launch was announced simultaneously with the platform reaching a $200 million TVL. Thanks to the new reward system, StakeDAO NFT stakers and some of its most active users will enjoy weekly additional rewards.
2/ We launched the new Bonus Rewards System, which dishes out extra rewards every week to NFT Stakers and our most active users! Read our explainer post for more info 👇https://t.co/NpE4o8BLhI
— Stake DAO (@StakeDAOHQ) August 9, 2021
3 – Bella Protocol Partners With Biswap DEX
Bella Protocol, known for its focus on creating awareness for and boosting the expansion of the DeFi space, has announced a strategic partnership with Biswap DEX. Biswap is the first-ever DEX platform on Binance Smart Chain (BSC) with a three-type referral structure and is also verified by CertiK. The DEX platform also boasts of the lowest fees in the DEX space.
4 – Fantom Partners With Graviton
Graviton has joined the Fantom ecosystem. This partnership will facilitate the inflow of new digital assets on Fantom. Together, both platforms will also facilitate the global adoption of the cross-chain DeFi space as well as boost the technological advancement of cross-chain DeFi.
In line with the partnership with Fantom, Graviton will also introduce LP rewards of pools containing wrapped versions of Fantom-native tokens.
We're excited to welcome @OneGraviton to the Fantom ecosystem!
Graviton will foster the inflow of new assets and their liquidity growth on Fantom.https://t.co/YENftsqTc4
— Fantom Foundation (@FantomFDN) August 10, 2021
5 – Shield Protocol | Fantom FDN
Shield Protocol has announced a strategic partnership with Fantom FDN. The partnership will bring 2FA security to the Fantom Opera Chain. This will be the first-ever 2FA security to be built on blockchain. Also, Fantom Opera is set to go live on Shield wallet soon.
Shield Protocol and @FantomFDN collaboration bringing 2FA security integration on Fantom Opera Chain.
Initially #Fantom wallet will be integrated into Shield Protocol App on 24/08/2021 #SaveTheDate #SHIELD $SHIELD $FTM@rahulsharma0856 @michaelfkong @FTMAlerts @BinanceChain pic.twitter.com/4yh5UhuQs3
— SHIELD PROTOCOL (@shield2protocol) August 13, 2021
6 – BitDAO Partners With SushiSwap
BitDAO has announced a strategic integration with SushiSwap. The partnership will facilitate the listing of BIT tokens on MISO. This will be alongside a Dutch auction and airdrops for early participants.
BitDAO is supported by top players in the blockchain space like Pantera, Dragonfly, Spartan, Bybit, etc.
We are excited to announce our collaboration with @SushiSwap for BIT listing on MISO on Aug. 16 via a Dutch Auction with airdrops for early participants.
More about BIT x MISO https://t.co/1zEyqszZ82
More about BitDAO https://t.co/5F0q0yxMoE pic.twitter.com/RSN2BmybaV
— BitDAO (@BitDAO_Official) August 10, 2021
7 – SWFT Blockchain | Polkadot
Polkadot network is now on secure, easy-to-use, cross-chain swap SWFT blockchain. SWFT Allchain is known to support over 300 cryptocurrencies on several blockchain platforms like ETH, BSC, Polygon, etc.
🔥SWFT #AllChain Swap is growing rapidly.
⭐We have integrated @OKExChain and @Polkadot back to back within two weeks.
Swap securely #crosschain only 👉 https://t.co/fdXV3baEpi
Fees at only 0.1%, lowest in the market 😲#bsc #heco #Polygonhttps://t.co/gGJ6GHQJHm
— SWFT Blockchain (@SwftCoin) August 13, 2021
8 – Dolphin Finance Integrates Chainlink
Dolphin Finance has announced plans to integrate Chainlink’s secure and reliable price feeds. The DeFi protocol will make use of Chainlink price feeds on Binance Smart Chain to provide its users with accurate market loans. This, in essence, will help Dolphin Finance protect its users’ funds through its lending and borrowing feature.
DeFi protocol @dolphinsfinance will use #Chainlink Price Feeds on @BinanceChain to issue fair market loans & liquidate under-collateralized positions. By Chainlinking its smart contracts, Dolphins Finance establishes robust oracle protection of user funds.https://t.co/0WvMUIzRqK
— Chainlink – Official Channel (@chainlink) August 11, 2021
9 – Harvest Finance FARM Tokens Now on Binance Chain
Harvest Finance FARM tokens went live on the world’s largest crypto exchange by trading volume. Trading pairs include FARM/USDT, FARM/BUSD, FARM/BNB, and FARM/BTC.
We can now officially say Hi 👋 to Binancians in more than 180 countries
Bringing more #BreadForThePeople 🥖 https://t.co/9iNlPa3pfN
— Harvest Finance (@harvest_finance) August 13, 2021
10 – Wanaka Farm Now on TomoChain (TOMO)
Wanaka Farm is now live on popular PoS blockchain TomoChain (TOMO). The partnership will provide Wanaka users with the opportunity to create their own unique lands within the NFT game. TomoChain’s top-notch speed, privacy, and other innovative features make it an ideal platform to build and deploy blockchain games.
#NFT isn't merely a trend, it can be the future. 🚀
Super glad to welcome @Wanaka_Farm on board. #WanakaFarm will be built on the #TomoChain blockchain, allowing players to design their own unique land.
Are u ready to jump on $TOMO NFT train?🤔https://t.co/HUUrl2EB3d
— TomoChain (@TomoChainANN) August 10, 2021
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