Cardano RealFi Weekly Newsletter - Issue #51
Updates from Indigo, Wingriders, Teddyswap and more....
Indigo adds iETH
Indigo the premier synthetic protocol on Cardano has added iETH to it’s collection of iAssets. This will allow you to create a Collateralized Debt Position (CDP) with $ADA. You can than put that iETH into a stability pool to earn INDY tokens.
WingRiders Stableswap
Another contender has thrown their hat in the ring to bring a Stableswap to Cardano. It is currently on the pre production testnet.
If you have seen my other posts, Stableswaps allow for swapping of assets that should keep the same price like USDT and USDC. With lower slippage and less price slippage those that want to switch between stablecoins will benefit from a stableswap.
For more info check out their latest medium post here.
Teddyswap Airdrops
Teddyswap is doing a third airdrop for those that have missed the first two. Drop your Address in the tweet below to qualify. I would recommend joining their Discord and telegram groups also. I suspect they will do some more airdrops for early community members.
ISPO Updates
There are a few ISPOs ending this week and the start of next week. Now is a good time to start looking for where you want to move your ADA next.
Flac Finance ends January 10th, 2023
Scat DAO ends January 10th, 2023
Genius X Multi-Token ends January 15th, 2023
If you would like to see a list of ISPOs you can check out the ISPO marketplace by Maestro here
SundaeSwap Updates
A few updates from SundaeSwap.
If you are a yield farmer on SundaeSwap you can claim special edition Galaxy Coins from Crypto Chips. They will have your yield farming stats on the coin as well as that beautiful rainbow shine.
NEWM has started using the SundaeSwap governance. If you own NEWM You can vote on their latest proposal to provide additional liquidity to a DEX.
World Mobile Token (WMT) keeps the top spot this week with an increase of 8% in the last 7D. This increase may be attributed to the attention it got from the NFT crowd.
Liqwid Finance (LQ) dropped another 9% but remains the in the number 2 spot. Still not release date announced for the protocol.
MELD and INDY rose in the ranks to 3 and 4 respectively. With MIN dropping to 5th place. Not much movement in the other spots this week.
World Mobile Earth Node NFT
A World Mobile EarthNode NFT (ENNFT) sold for 135k ADA. ENNFTs represent the ownership of an EarthNode. An EarthNode operator earns WMT for processing network transacation and services for customers. To find out more you can check out their website here.
Minswap Rebalance
Minswap Yield Farms were rebalanced on January 6th, 2023. Be sure to check your your farms and adjust accordingly.
Bonds on Muesliswap
Optim Finance released their Liquidity Bonds a few weeks ago and now they can be traded on MuesliSwap.
Each OBOND has a minimum of 100 ADA attached to it and also earns interest based on the rate of the borrowing pool that is borrowing. OBOND tokens are redeemable when the bond closes. Be sure to check all information thoroughly before buying OBONDs.
You can view the rates on the Optim website or in the About section on Muesliswap. For more info check out the latest medium article by MuesliSwap.
“Hey. Come here. I wanna tell you something.
One NFT collection I’m keeping my eye on is the Liqwid Finance Aquafarmers. The Aquafarmer NFT allows you to earn extra staking rewards from 2% to 5% depending on the rarity.
With the upcoming launch the floor price remains well below it’s peak floor of $217 sitting around $67 currently.
Liqwid Finance may announce their launch soon and buying ahead of time could be a good chance to get in while the volume is low.
Just remember to do your own research and you didn’t hear this from me.”
-Subcriticlay
Thanks for reading everyone. Kindly share this newsletter with others. I’ll talk to you all next week.
How did you like the new addition to the newsletter?