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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
I hope you’ve enjoyed the top 10 DeFi Updates.
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