Weekly news from Kusama&Polkadot #23

1. Equilibrium has a slot on Polkadot

Equilibrium has officially become the winner 12th parachain auction on Polkadot. Equilibrium won with more than 625K DOT worth almost 12M USD that were locked in the crowdloan from almost a thousand supporters.

Equilibrium will be onboarded at the end of March.

“Equilibrium is designed as a superapp that merges the most popular DeFi use cases. It offers borrowing and trading digital assets cross-chain with high leverage. Having said, Equilibrium combines an orderbook DEX with margin trading capabilities and an innovative money market with minimum collateralization requirements as low as 105%.”

Source: Equilibrium blog

What is Equilibrium? A cross-chain money market based on Substrate, the first one in the Dotsama ecosystem that brings orderbook DEX. It will be deployed on the Genshiro canary network first and then expanded to Polkadot after Equilibrium’s parachain launch. For more information about Equilibrium, check out our article down below.

2. Kilt got another slot on Kusama

Kilt protocol won the 28th parachain auction on Kusama, this is the second auction that Kilt has won. Kilt secured another slot similarly as Moonriver did this one week ago by self-funding it with 10K DOT. This way of self-funding second slot become quite popular because it can save token reserves to be used for some other initiatives, for example those that help increase activity and adoption on the specific parachain.

If the Kilt community then decides, the swap from the current lease will happen to this one.

What is KILT? If you are not sure, check out our previous descriptive article.

3. Heiko-Parallel Finance launched 6 new products

Parallel Heiko, a parachain on the Kusama network, launched 6 new DeFi products. This list includes Cross-Chain Bridge, Wallet, Liquid Staking, Farming, v2 Decentralized Crowdloan, and AMM. The Money Market will be added later on after the finish of testing.

The most exciting is the Liquid Staking pallet, where users can deposit KSM to the staking pool and for what they will receive liquid sKSM based on the exchange rate.

The Farming protocol enables the deposit of various coins into farms and earns a yield. Farming provides more opportunities for returns on user assets, there are also some limited offers with high yields!

Parallel Heiko farming

Our previous article about Parallel Finance describes perfectly its solution.

4. SushiSwap integrated into Moonbeam

SushiSwap has been integrated into Moonbeam Network. SushiSwap is already running a few months on the canary network Moonriver, so it was a logical step for Sushi to get on Polkadot as well.

From now you can trade, provide liquidity, farm and launch new projects on the Miso launchpad.

Wanna go deeper into Moonbeam? Just click down below in our latest article.

5. Unique started their crowdloan

Unique network launched a crowdloan on Polkadot. With your early contribution, you can grab some of the 20K UNQ rewards.

Besides that, Unique started their MintFest: find all of the details for this celebration of NFT creativity in this blog post.

For the Unique crowdloan contributors, there is allocated up to 150,000,000 UNQ tokens. The rewards will be determined based on the reward curve shown below. Simply put: the earlier the better with higher rewards, you can get something between 5.28 UNQ to 20 UNQ per 1 DOT contributed.

As we think NFTs are important for the whole Polkadot ecosystem, we wrote an article about Unique’s crowdloan launch and other amazing events such as MintFest.

Consider supporting us by the nomination of your tokens to Kusama or Polkadot validator going by the POLKADOTTERS name.

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