DeFi Challenge
Last week we kicked off the DeFi Challenge! Aada Finance talked with us about lending and borrowing as well as their upcoming pool manager system. If you missed the Twitter space we did, you can check it out here.
This Thursday we will be discussing Decentralized Exchanges and Tokenomics with Steven Ward of VyFinance.
Hope to see you there!
TeddySwap Testnet Delayed
The TeddySwap testnet was scheduled to launch today but they due to some syncing issues they won’t be able to launch. I’ll let you know when they announce the new date.
Minswap DAO Treasury
Minswap has introduced a dashboard to track the Liquidity that is owned by the protocol. Great to see more transparency from projects lately.
VyFi Official Launch Date
It looks like VyFinance will launch their DEx/BAR on May 15th. I’m interested to see how well this project performs compared to other DEXs.
Key things to know:
On May 15th, the DEx and BAR will be released on the platform, allowing users to supply and remove liquidity, swap tokens, and stake their $VYFI to mint $xVYFI.
Initially, the platform will not have factory contracts for users to create their own liquidity pools, but this feature will be added shortly after.
The rewards for staking $VYFI at the BAR include a share of fees from swaps on the DEx, 50% of NFT sales royalties, and 10% of lottery revenue.
Farms will be viewable on launch, but the farming rewards will commence within two weeks of the DEx launch. The farming rewards will be offered on various LP pairs and will be TVL-gated to manage emissions.
The platform will have governance votes for community farms and boosted farms, with a proposal system for users to create their own governance votes launching in Q3 2023.
Liqwid Finance Updates
The Dynamic rewards vote has passed. Be sure to check out the Twitter space this Monday for more details and the path forward.
Cardano EMURGO Build 2023
Hackathon is starting May 8th! Builders have a chance of earning some grants and investments. Twitter space link here.
Minswap Farm Rebalance
Be sure to check out the new farm numbers on Minswap. For Iagon holders, they have now added $IAG to the mouse farm.
Stake pool Spotlight
This week’s stake pool spotlight is NOVA (Ticker: NOVA).
Are you looking for a reliable, transparent, and high-performing Cardano stake pool? Look no further than NOVA Stake Pool! Here are some compelling reasons why you should delegate your ADA to NOVA:
Experience & Commitment
Single Pool Operators since the Incentivized Testnet
Operating continuously since Shelley Mainnet's first day
Active contributors to Cardano's development and community
Innovative Pioneers
Participants in Minswap DEX Fair Initial Stakepool Offering
Creators of the first interactive on-chain NFTs on Cardano (StellarHood)
Engaging Community Presence
700+ subscribers on their Cardano YouTube channel
Producers of the popular Charles Hoskinson Lo-Fi Mix Vol. 1
Top-Notch Service & Accessibility
Reachable via Discord for casual chats
Regular updates to delegators about minted blocks and important news
Impressive Performance
Competitive ROA of 3.49% p.a.
2% saturation with 1.52M ADA active stake
Low costs: 340 ADA fixed fee + 0% variable fee
Delegate to NOVA Stake Pool join the community in building a fair, free, and decentralized world with Cardano.
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