Top 10 DeFi Updates | August Week 3

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Several interesting top DeFi updates took place in the third week of August alone. To keep our readers informed, we have compiled ten of the top DeFi updates of that week, such as Polygon Network now in Africa and Solv Protocol being supported by the DeFi Alliance. Below is our full list of the top DeFi updates for the third week of August.

1 – Balancer Launches MetaStable Pools

Balancer Labs launched several new metastable pools in a bid to improve pool liquidity. Furthermore, Balancer also announced a strategic partnership with Lido. Balancer Labs’ metastable pools is aimed at the interest-bearing asset market. Therefore, helping to boost capital efficiency.

2 – Chainlink Partners With ZUZ Protocol

Popular DeFi on-chain oracle platform Chainlink has strategically partnered with NFT network ZUZ Protocol. The partnership will help provide Zeus NFTs with top-notch, reliable, and accurate price calculations.

3 – Polygon Network Now in Africa

Popular DeFi network Polygon (formerly Matic) strategically partnered with Quidax Global. This partnership marks a significant move by Polygon into the African crypto space.

Quidax will operate a self-service token listing platform on Polygon, therefore simplifying the token listing process.

4 – Coin 98 (C98) Now Supports IDIA

Coin98 Wallet has announced support for IDIA (BEP20 and ERC-20) tokens. Both tokens are the major governance token for the Impossible Finance launchpad.

Now, interested persons can store and receive IDA tokens on the Coin98 Wallet.

5 – Bankless DAO Partners With UMA Protocol

The popular decentralized platform focused on helping the world go bankless, known as Bankless DAO, has strategically partnered with UMA Protocol. The partnership provides smart contracts with the requirements needed to combat regulatory risks associated with DAO and the DeFi space.

6 – Alpha Finance Beta Launchpad Is Live

Alpha Finance’s first-ever launchpad Beta Finance is now live. In line with this, Beta Fiance has disclosed plans to distribute 50 million BETA tokens as a reward to early network participants. This means borrowers and lenders on the Beta Finance platform since its launch will be receiving BETA tokens as rewards.

The reward will be distributed after the Beta Finance initial lock-up period of 90 days. After the lock-up period, half of the rewards (25 million BETA tokens) will be released to stakers. The other half will subsequently be released in batches.

7 – EPNS Partners With Idle Finance

Ethereum Push Notification Service (EPNS) has strategically partnered with Idle Finance. Thanks to the partnership, Idle Finance users will have unrestricted access to goverance notifications.

8 – ZebPay Adds Support for PUSH Tokens

India’s top cryptocurrency exchange, ZebPay, has announced support for PUSH tokens. Now, interested persons can trade PUSH tokens with trading pairs PUSH/INR and PUSH/USDT. Also, ZebPay boasts of an over three million global user base.

9 – Band Protocol Partners With Beta Finance

Alpha Finance first-ever launchpad project Beta Finance has announced a strategic partnership with Band Protocol. The recently launched platform will employ Band Protocol’s top-notch, reliable, and secure price feeds.

10 – Solv Protocol Now a Member of the DeFi Alliance

Solv Protocol joins the popular accelerator program from DeFi Alliance. The protocol joins several other top-notch platforms like Synthetix, DoDo, Kyber, DyDx, etc. for the six-week program duration.

The DeFi Alliance has supported more than 50 DeFi startups, providing them with the ability to obtain liquidity as well as build important connections with top players in the blockchain and crypto space.

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