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The DeFi space has grown exponentially over the last couple of years. At the time of writing, according to CoinGecko, it has a global market cap of $124 billion and a 24-trading trading volume of $7.8 billion.
Therefore, to keep our readers informed we have compiled some of last week’s DeFi updates. As a result, these DeFi updates include strategic partnerships, project launches, etc. Let’s find out some more top DeFi updates.
1. Unstoppable Domain New Feature Launch
First, the top provider of NFT domains, Unstoppable Domains, recently included a new feature on its platform. According to the announcement, the new feature “Humanity Check” will facilitate easy login.
Therefore, this new feature makes it possible for domain owners to enjoy seamless access to more Web 3 applications. Also, it will provide NFT owners with access to exciting new security features.
🚨 New Product Announcement 🚨
Today, we’re excited to introduce a new feature for Login with Unstoppable called Humanity Check that will allow Unstoppable Domain owners to get more from Web3 apps and start unlocking unique rewards and experiences, one human at a time. pic.twitter.com/Ip91nwQSso
— unstoppable.x (@unstoppableweb) March 16, 2022
2. Terra USD (UST) Now on Polygon
Then, the popular algorithmic stablecoin, Terra USD (UST), is now live on Polygon. In addition, this listing is made possible via the fiat-to-crypto gateway platform Transak. Also, this means that users can now purchase UST on Polygon using Transak.
🚀 Enabling more users to onboard easily onto the Terra ecosystem. @terra_money 🙌 You can now buy $UST on @0xPolygon via Transak. #Polygon #Transak #buycrypto pic.twitter.com/0EoZ0uujbQ
— Transak (@transak_) March 17, 2022
3. dForce is Coming to Polygon
Next, dForce, an integrated platform for DeFi protocols, has announced plans to launch DeFi protocols on Polygon. Therefore, the announcement is in line with dForce expansion plans.
In Case You Missed! 🙌
We are thrilled to announce that #dForce will be deploying a full set of #DeFi protocols including lending and stablecoin $USX on @0xPolygon 🔥#Polygon ecosystem will have more choices for end-users
Full Article👇https://t.co/sxfAP7muIc
— dForce (@dForcenet) March 18, 2022
4. Polkastarter Gaming Guild Partners With RealFevr
Polkastarter gaming guild, the blockchain gaming platform powered by Polkastarter, recently entered into a strategic partnership with Real Fevr. In addition, as part of the partnership, both platforms are looking forward to the official Alpha testing 2.0 for FEVR Battle Arena.
Notably, RealFevr is a unique sports video NFT marketplace. Also, RealFevr is working towards launching its Play-to-Earn (P2E) game.
We’re proud to announce our partnership with @realfevr, a sports video NFT marketplace that is building its own #P2E game ⚽️
As they move towards the Alpha testing phase 2.0 for FEVR Battle Arena, we highly advise you to stay tuned… something is coming 🔜👀 pic.twitter.com/Jkdf1HaOgw
— Polkastarter Gaming (@PolkastarterGG) March 19, 2022
5. Aave V3 Protocol Launch
Open-source, non-custodial liquidity protocol, Aave, recently launched its V3 protocol. Then, according to the announcement, the Aave V3 protocol currently stands as the most up-to-date version of the Aave Protocol. Also, it is the most powerful and most recent update.
Then, Aave V3 comes with several amazing features:
- Better capital efficiency
- Decentralization
- Portals
- Gas optimization
- Isolation mode setting
- L2 designs
- Better risk management features, etc.
Moreover, Aave V3 will be compatible with several wallet platforms like 1inch, Instadapp, DeFiSaver, DeBank DeFi, etc.
1/ Aave V3 is here! 👻
The most powerful version of the Aave Protocol to date, V3 brings groundbreaking new features than span from increased capital efficiency to enhanced decentralization. Read what's new in V3 in the thread below👇or visit https://t.co/H3jTyKRqNs to dive in! pic.twitter.com/LXzn7660nA— Aave (@AaveAave) March 16, 2022
6. Zebec Integrates Chainlink Price Feeds
Then, Zebec recently enlists the support of Chainlink and its reliable Price Feeds. Chainlink price feeds will help provide security for Zebec’s automated dollar-cost averaging feature.
Then, Chainlink, according to the announcement, is the go-to oracle platform because of its decentralization. It is also tamper-proof and boasts of secure nodes.
.@Zebec_HQ is integrating #Chainlink Price Feeds on @solana to help secure its novel Automated Dollar-Cost Averaging feature.
Chainlink Price Feeds aggregate data from numerous high-quality sources to arrive at globally accurate reference rates. https://t.co/lGgOEVAAIC
— Chainlink (@chainlink) March 14, 2022
7. Transak | OneRare Partnership
Fait-to-Crypto platform, Transak, has partnered with OneRare. OneRare is the world’s first-ever food metaverse game. Therefore, the partnership will help facilitate transactions involving OneRare native token $ORARE.
Simply put, users will be able to buy $ORARE using over 60 fiat currencies across 100 countries globally.
📢Partnership Announcement : OneRare x Transak🥂
OneRare is thrilled to bring Transak onboard as our partner to facilitate $ORARE transactions directly from 60+ Fiat #currencies from 100 countries across the world🌏Let's go!
Read more about #Partnership: https://t.co/dcpuLxHdBP pic.twitter.com/Vn2cvUV7f6
— OneRare – The First Food Metaverse Game (@onerarenft) March 18, 2022
8. Timeswap Now on Polygon
Primitive DeFi platform, Timeswap, is now on the Polygon chain. Also, Timeswap is the brainchild of TimeswapLabs. TimeswapLabs is the first-ever oracle-less Money Market Protocol. Also, it offers users both permissionless and non-liquidated loans.
Therefore, Timeswap is quite similar to Uniswap. However, as compared to Uniswap, it only has two features: lending and borrowing.
#Timeswap becomes the latest DeFi project to choose @0xPolygon as first chain to GO LIVE.@TimeswapLabs is a rare #DeFi primitive which is building fully permissionless and oracle-less lending protocol.
Join the team today at 11:30 AM UTC for their AMA to learn more! https://t.co/zdJPC36gts
— Polygon | $MATIC 💜 (@0xPolygon) March 18, 2022
9. AllianceBlock is Coming to VISIV
AllianceBlock technology is now on VISIV. The partnership will strategically help to boost innovation in the electronic music sector. As a result, with AllianceBlock, VISIV will be in a better place to expand into the world of Web 3.0.
Therefore, with this partnership, we should expect more electronic music in web 3.0 features like NFTs, the Metaverse, blockchain gaming, etc.
Our solutions are about to enter another gigantic sector. 🌍
Through integration with @VisivTechno, our tech and $ALBT will access new utility in the $7.3B global electronic music scene. 🕺
Learn about the tech and upcoming event at @ParisLaDefArena.https://t.co/7BpDIfFfsd
— AllianceBlock (@allianceblock) March 17, 2022
10. Jet Protocol Launch
Solana-based lending and borrowing protocol, Jet, has released details of its JetDAO and Jet governance launch. Therefore, the protocol launch will see the introduction of important features like;
- General assembly.
- Governance Committee.
- Sub-committees.
- Core Units.
- Lastly JET token holders.
Also, the protocol launch indicates the enlisting of $JET token holders in the governance and decision-making process of the protocol.
The JetDAO will consist of
🔸 General Assembly
🔸 Governance Committee
🔸 Sub-Committees
🔸 Core Units
🔸 $JET Token-Holders— Jet Protocol (@JetProtocol) March 16, 2022