Sushi to Launch Full Product Suite on Harmony
Since deploying natively on Harmony’s blockchain in May, Sushi is now deepening its collaboration with Harmony after revealing plans to bring its full decentralized finance (defi) product stack onto the blockchain with accompanying incentives designed to drive greater participation. Meanwhile, decentralized exchange (dex) competition continues to swell. Partnership Expansion Accompanies $4 Million in Incentive Campaigns On Thursday, Harmony, a proof-of-stake (PoS) blockchain network focused on cross-chain transactability, unveiled a decision to broaden the partnership agreement with....
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“We believe this partnership with Sushi is just the beginning of bringing millions of people into decentralized finance,” said Harmony founder Stephen Tse. As the Harmony blockchain approaches the two-year anniversary of its mainnet launch, decentralized exchange SushiSwap will be deploying Sushi products related to rewards and yield farming. In a Thursday announcement from Sushi, the project said it would be partnering with Harmony to introduce liquidity mining rewards for Sushi, rewards for Kashi borrowing and lending, Sushi-specific hackathon challenges, and other products. In Harmony’s....
Decentralized finance (DeFi) protocol VenomDAO has announced the launch of its latest product, Comfy Money. VenomDAO, which has been accelerating DeFi adoption on the Harmony ecosystem, introduced the product to add more use cases to the network. Comfy Money allows projects on the Harmony ecosystem to easily access liquidity in a secure environment. Comfy Money’s […]
The layer-1 blockchain’s main bridge between Ethereum, Binance Chain, and Bitcoin has been exploited for nine figures, but says its BTC bridge has not been affected. The Horizon Bridge to the Harmony layer-1 blockchain has been exploited for $100 million in altcoins which are being swapped for Ether (ETH).The hack may vindicate previously raised community concerns about the robustness of the two of four multisig that reportedly secures the bridge.Starting at about 7:08 am until 7:26 am ET, 11 transactions were made from the bridge for various tokens. They have since begun sending tokens to....
PRESS RELEASE. Yield App, a global FinTech company and digital wealth platform which has attracted more than 80,000 customers since its launch in February 2021, is enhancing its product suite with a new higher-yielding crypto passive income alternative.
The new crypto passive income product suite has been named Earn+ and comprises stablecoin and Ether portfolios with a 30-day redemption notice period. In addition, the existing BTC passive income product will be upgraded to have the same features as Earn+.
These portfolios now pay the highest yields on the crypto....
VenomDAO has been bringing liquidity to the Harmony ecosystem since its launch. It has continued on this path with a number of products that allow users of the network to take advantage of its unique opportunities. It played an important role in ushering DeFi users into the Harmony ecosystem and its liquidity infrastructure is being applied across multiple blockchains. As the one-year anniversary of the protocol draws close, VenomDAO has continued to provide a much-needed service to the Harmony community. From the launch of ViperSwap, the first AMM/DEX offering incentives and populating....