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What our analysts are rambling about 🔍
Money Market on Arbitrum: Radiant
Radiant Capital is a new money market on Arbitrum, which is based off Geist (a money market on Fantom). Through it, users are able to lend or borrow for a fee. Radiant is currently running a liquidty mining program which rewards users with RDNT tokens.
There are a variety of assets available on the platform including WBTC, ETH, USDT, USDC, and DAI with return rates ranging from 6% to 14% with the added RDNT rewards.
Polkadot on Osmosis
Moonbeam, a smart contract parachain on Polkadot is now integrated with Osmosis to allow cross chain swaps between the Polkadot and Cosmos ecosystem. The integration is made possible by the Axelar Network protocol and currently supports DOT, the native token of Polkadot. Moonbeam has stated that they're planning to support bridging of other Polkadot ecosystem tokens in the near future. Read more about it here.
Uniswap x Sudoswap
Uniswap is looking to integrate with Sudoswap, a decentralised NFT marketplace when it launches its NFT platform. The integration will allow users to use the Uniswap platform to purchase NFTs efficiently with the on-chain liqudiity by sudoAMM.
sudoAMM allows users to create pools that gradually buy or sell NFTs and provide liquidity to NFT pools. Uniswap is the leading DEX and is doubling down on NFTs with this integration and the acquisition of NFT aggregator Genie last month.
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Shaun is a Research Associate at CoinGecko with a fondness for memes and farming on the blockchain. Follow the author on Twitter @ShaunPaulLee