Even with 2020 being the year of DeFi by crypto enthusiasts and analysts, 2021 continues the path of DeFi’s exponential growth. According to Statista, the DeFi market cap has increased almost 3x since January 2021. This makes the cryptocurrency industry one of the fastest growing in the ecosystem, giving us many important DeFi coin updates almost daily. cryptocoin.com We have prepared some of the latest DeFi coin updates for the second week of September 2021 to keep our readers informed of developments in the DeFi space.
1. DeFi coin project Injective Labs launches trade discounts
Interested people can now earn rewards every time they trade on the Injective platform. In addition, anyone who provides liquidity through Injective will also receive producer fee discounts. According to reports, these fee cuts are currently the highest in the cryptocurrency space.
2nd Kattana partners with Kyber DMM
Popular crypto trading app Kattana has recently partnered with Kyber DMM. Thanks to the partnership, many more decentralized exchanges (DEX) will join the Kattana terminal. Kyber DMM is definitely a multichain DEX protocol and is known as the first DeFi dynamic market maker (DMM).
3. ApeSwap partnership with Ferrum Network
ApeSwap recently announced a strategic integration of Ferrum Network with the Iron alliance. This latest DeFi coin platform has been migrated to Binance Smart Chain (BSC). In addition, Ferrum’s tokens FRM and FRMx will also be listed on ApeSwap.
4. Origin Protocol with CREAM Finance partnership
Origin protocol in partnership with CREAMFinance plans to combine DeFi with NFTs and the Metaverse ecosystem. As a result, users will have the opportunity to earn NFT every week when they loan or borrow the OGN of the Origin protocol on CREAMFinance.
5. DeFi coin project Injective INJ-ETH bridge is live
Now that the INJ-ETH bridge is finally live, it will be easier to transfer assets between Ethereum and Injective. With the bridge put into service, transfers will be faster and more cost-effective. The bridge could also be an important gateway to people interacting with the DeFi realm for the first time.
6. Unifi Protocollaunched Unifi Labs
Unifi Protocol has announced the launch of Unifi Labs to consolidate their blockchain using decentralized finance (DeFi). The recently launched lab will enable continuous innovation, research and experimentation in the emerging blockchain space.
7th BakerySwap celebrated its anniversary with a giveaway
BakerySwap recently celebrated its first anniversary. To commemorate this event, BakerySwap will distribute 100 NFTs. Interestingly, BakerySwap recently posted the names of the winners of their NFT on Twitter.
8. StepHero partnered with Kyber Network
Step Hero, an NFT fantasy-themed RPG based on BSC and Polygon, has recently partnered with Kyber Network. Therefore, KyberDMM DEX will provide better token liquidity efficiency on BSC for StepHero. Interestingly, 150,000 HERO tokens were set aside as liquidity mining rewards.
9. Google partners with Dapper Labs
The tech giant Google has released non-Fungible Tokens (NFTs), Web 3.0 products, etc. recently strategically partnered with Dapper Labs to facilitate its development. As a result, Google Cloud will act as Flow Blockchain’s network provider to help Dapper spread its services using Google.
10. DeFi coin project supports PlasmaFinance EIP-1559
Increasing scalability issues in the Ethereum network, ending with the latest DeFi updates, caused PlasmaFinance to announce support for Ethereum’s EIP-1559. EIP-1559 will help manage gas charges more easily. Now users will be able to complete their transactions using the EIP-1559 upgrade.
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