DeFi

Sui's DeFi Weekly Roundup #10 (November 17, 2023)

Harvey

Nov 17, 2023 • 7 min read

Sui's DeFi Weekly Roundup #10 (November 17, 2023)

Welcome to Sui's DeFi Weekly Roundup #9, where we bring you the freshest updates and news from the thriving DeFi projects on Sui Blockchain.

FlowX

FlowX announced their token launch announcement with the involvement of multiple launch partners, a healthy tokenomics for all investors. Readers can find all the details about their plan, tokenomics, pre-sale round, and public round here.

@FlowX_finance Token Launch Announcement 🔥

Finally, the moment has arrived!

FlowX will officially release its own token 🔥

Token launch schedule
✅23 - 27 Nov: Pre-sale
✅28 - 29 Nov: Public Sale
✅29 - 30 Nov: TGE

See more detail👇https://t.co/n64oeuZRer
— FlowX Finance (@FlowX_finance) November 10, 2023

In other news, FlowX team has released a thread to explain to users familiar with the mechanism of FLX - xFLX in the upcoming FlowX token launch.

Duo Tokens Mechanism - FLX vs xFLX in FlowX Token Launch 🔥

FlowX has the capability to fully expand using duo-tokens FLX and xFLX.

Let's delve deeper into this mechanism together! 👇#FlowX #BuildOnSui #Sui pic.twitter.com/vC4aOyleob
— FlowX Finance (@FlowX_finance) November 15, 2023

FlowX official links: Website | Twitter | Discord

Typus Finance

Hourly vaults are now live in Typus! The vault expires every 60 mins and auctions happen on the hour for a duration of 6 mins per auction. This will be a short-term duration strategy for Typus users to take advantage of short-term volatility!

HOURLY VAULTS ARE NOW LIVE!

Enjoy the thrill of using Typus but hate the long wait time?

Think it's hard to bid cuz our auction times don't fit your schedule?

Meet the newest addition of our options strategies - hourly options

The vault expires every 60 mins and… pic.twitter.com/B8qhm19Aur
— Typus Finance (@TypusFinance) November 10, 2023

Typus Finance official links: Website | Twitter | Discord

Bucket Protocol

Bucket Protocol announced their new collaboration with @volo_sui for advancing Liquid Staking on @SuiNetwork

Exciting news! We're delighted to share our new collaboration with @volo_sui for advancing Liquid Staking on @SuiNetwork with the support of Bucket Protocol! 🤝

vSUI is seamlessly integrated into Bucket and can be deposited via: https://t.co/daTAq2NVTs.

Stay tuned for more… pic.twitter.com/4Ay8oRArJW
— Bucket Protocol (@bucket_protocol) November 10, 2023

In other news, the TVL in Bucket Protocol just hit $3,66M. They also celebrated this achievement by hosting a giveaway of 100 BUCK tokens.

Bucket's TVL just hit $3.66M, with a remarkable 50.4% growth in 2 days! 📈

To celebrate this achievement join our 100 BUCK token giveaway. 🎁

Rules: Like, RT, and tag 2 friends on this post

⏰ Ends 11/19- Be part of our success. The DeFi wave is unstoppable #BuildOnSUI! pic.twitter.com/2qrTSUOrry
— Bucket Protocol (@bucket_protocol) November 9, 2023

Bucket Protocol official links: Website | Twitter | Discord

Scallop

Scallop is now LIVE on @Sonarwatch, a powerful multichain portfolio tracking tool. Users can now track their Scallop portfolio directly on SonarWatch.

💧SCALLOP INTEGRATION UPDATE💧

🔥Scallop is now LIVE on @Sonarwatch, a powerful multichain portfolio tracking tool!

💰Users can now track their Scallop portfolio directly on SonarWatch! pic.twitter.com/9UVUdPDcWa
— Scallop (@Scallop_io) November 16, 2023

In other news, Scallop has crossed the $12M TVL milestone mark!

🎉SCALLOP TVL MILESTONE🎉

🌊Scallop has crossed the $12M TVL Milestone mark!

🥇We are also now the Number 1 Lending DeFi protocol on @SuiNetwork!

Don't miss the wave! Experience Scallop today👇https://t.co/mbLy4ctNJE pic.twitter.com/d4CgNKnw27
— Scallop (@Scallop_io) November 5, 2023

Scallop official links: Website | Twitter | Discord

NAVI Protocol

NAVI Protocol celebrates $30M TVL on their protocol by hosting a TaskOn campaign worth $500! Readers who are interested in the campaign can join it here.

$500 Raffle - NAVI celebrates $30m TVL with the TaskOn Fam!

🙌 New week, new milestone for #NAVI!

🔗 https://t.co/g89Uzbu735

The recent milestone of $30 million total market size (w/ borrows) deserves a celebration with the TaskOn family!

🍻 We want to mark this achievement… pic.twitter.com/ErZ15pyJLT
— NAVI Protocol | navi.sui (@navi_protocol) November 15, 2023

In other news, NAVI protocol made some changes in the incentive calculation formula. They will focus on providing a more stable, fair, and secure lending protocol, benefitting all NAVI's users. Readers can find the details on the change here.

📢 PSA - Incentive Calculations Update - Feature Preview

In our quest to bring you the most efficient liquidity protocol in the blockchain industry, #NAVI is implementing some changes in the incentive calculation formula.

For more details on the change, check out the medium… pic.twitter.com/nDAvVdJEcp
— NAVI Protocol | navi.sui (@navi_protocol) November 13, 2023

NAVI Protocol official links: Website | Twitter | Discord

Haedal

The haSUI - SUI pool is now LIVE on @Turbos_finance. Users can add liquidity on Turbos after staking for additional incentives.

We are delighted to announce that haSUI - SUI pool is now LIVE on @Turbos_finance ☄️☄️

Add liquidity on #Turbos after staking for additional incentives #Suinami 🌊🌊

👉🏻Visit Turbos via https://t.co/Zl3CRIpm3u pic.twitter.com/FVpueNrjat
— Haedal🦦 (@HaedalProtocol) November 14, 2023

Haedal announced the partnership with @surf_wallet. This integration will allow more web2 users & degens in the ecosystem to access Haedal and explore more possibilities.

GM Surfers🏄🏻
📢We're thrilled to announce our partnership with @HaedalProtocol, top 2 winner at the #Sui Liquid Staking Hackathon.
More to come between @surf_wallet and #Haedal.
So Stay tuned! ✈️ #BuildOnSui pic.twitter.com/4YT6bTWja1
— Surf | Sui Wallet (@surf_wallet) October 11, 2023

Haedal official links: Website | Twitter | Discord

Cetus

MetaMask is now supported by Cetus. Users can now access Cetus dApp with MetaMask with ease.

Great news! Users can now access #Cetus dApp with @MetaMask🎉 It should be credited to @kuna_labs, who did a wonderful job in the Sui Snap integration. The integration will open a wide road for the huge MetaMask user base to quickly interact with @SuiNetwork & @CetusProtocol 🌊🐳 pic.twitter.com/H4Bv1rYUQY
— Cetus🐳 (@CetusProtocol) November 1, 2023

The cumulative trading volume on @CetusProtocol just surpassed $700M.

Wow! The cumulative trading volume on @CetusProtocol just surpassed $700M✅🎉 And our single-day trading volume achieved a new All-Time-High again in just 2 weeks after the last peak, with the record refreshed to $17M+ yesterday🔥. BUIDL & Grow towards the next milestone.🐳 pic.twitter.com/WPNfCxsCj0
— Cetus🐳 (@CetusProtocol) November 6, 2023

The TVL on Cetus just climbed to a new ATH of $40M+, rising by over 200% in last 30 days.

New milestone✅ The TVL on #Cetus just climbed to a new ATH of $40M+, rising by over 200% in last 30 days🔥. The liquidity layer that Cetus built for @SuiNetwork is growing stronger & stronger. That’s more important than data surge. Surf with Cetus on the top of the wave🌊🐳 pic.twitter.com/CI68buJInm
— Cetus🐳 (@CetusProtocol) November 9, 2023

Cetus official links: Website | Twitter | Discord

Turbos Finance

Turbos has reached our double milestones with over $10M in both daily trading volume and TVL.

Turbos has reached our double milestones with over $10M in both daily trading volume and TVL!

This marks a significant stride in fortifying the DeFi ecosystem on Sui.

Contribute to the sustained growth within @SuiNetwork: https://t.co/o6K6JYTURh pic.twitter.com/7ieMeXFb00
— Turbos Finance (@Turbos_finance) November 13, 2023

WispSwap

WispSwap announced their partnership with @RoochNetwork

Rooch is partnering with @WispSwap to expand our fully on-chain #DeFi ecosystem. WispSwap is designed with Asymmetric Concentrated Liquidity, offering a revolutionary approach to liquidity pools. #Move #DeFiInnovation #LiquidityMining Stay tuned for more updates as we roll out… pic.twitter.com/oJ8qR8ht7i
— Rooch Network (@RoochNetwork) November 3, 2023

WispSwap official links: Website | Twitter | Discord

Aftermath Finance

Aftermath Finance introduced their new 80/20 USDC/SUI Pool. The 80/20 USDC/SUI pool deviates from the standard 50/50 model, prioritizing both stability and growth. With 20% exposure to SUI, liquidity providers get to participate in the upside potential of the SUI ecosystem while effectively managing the risks of market volatility.

1/ Introducing our new 80/20 USDC/SUI Pool! ⚡️

Experience a new era of liquidity pools where stability and growth go hand in hand. 🤝#Sui #Suinami #BuildOnSui pic.twitter.com/W1ZUn5kaKz
— Aftermath Finance (@AftermathFi) November 16, 2023

The afSUI/SUI pool has just gone live on @FlowX_finance! Liquidity providers earn dual yields - through trading fees and afSUI staking rewards.

1/ The afSUI/SUI pool has just gone live on @FlowX_finance! 🌊

Liquidity providers earn dual yields - through trading fees and afSUI staking rewards - what are you waiting for?#Sui #Suinami #BuildOnSui pic.twitter.com/uNsCbbupOY
— Aftermath Finance (@AftermathFi) November 15, 2023

Aftermath Finance official links: Website | Twitter | Discord

Interest Protocol

Interest Protocol launched http://suicoins.com - the dApp for easy coin creation on the @SuiNetwork with 100% free and no coding required. Readers can find more information about Sui Coins here.

We are thrilled to launch https://t.co/mh73E8DBwj!

💧 dApp for easy coin creation on the @SuiNetwork
💸 100% Free
🚫 No Coding required

Find everything you need to know about Sui Coins:https://t.co/auzjHG6lhA
— Interest Protocol - SUI💧 (@interest_dinero) November 9, 2023

Interest Protocol official links: Website | Twitter | Discord

ABEx Finance

ABEx Finance has now completed the optimization of the limit take profit and stop loss module. Users can now see their estimated profit and loss after entering the price, helping them make better trading decisions!

#ABEx have now completed the optimization of the limit take profit and stop loss module.
Currently, you can see your estimated profit and loss after entering the price, helping you make better trading decisions!
#SUI $SUI #SUINetwork #DeFi pic.twitter.com/dsyltBGVcO
— ABEx Finance | 1st perp on Sui (@ABExFinance) November 11, 2023

Users can now share their trading results on ABEx!

#ABEx has now introduced the ability to share your trading results! 🚀🚀🚀
Join us to experience seamless trading on the @SuiNetwork and proudly showcase your profits! 💰#SUI #DeFi $SUI pic.twitter.com/34BMRPf6yw
— ABEx Finance | 1st perp on Sui (@ABExFinance) November 13, 2023

ABEx Finance official links: Website | Twitter | Discord

Volo

Volo announced the strategic partnership with @FlowX_finance, this partnership will add yet another stream of vSUI/SUI liquidity pair to the ecosystem as they expand!

We are proud to announce our strategic partnership with @FlowX_finance, this partnership will add yet another stream of vSUI/SUI liquidity pair to the ecosystem as we expand!

FlowX Finance distinguishes itself by focusing on optimizing the DeFi user experience through a range of… pic.twitter.com/f5PPrijrir
— Volo (@volo_sui) November 6, 2023

Volo official links: Website | Twitter | Discord

SuiPearl

From Nov 11, 2023, 14:00:00 UTC - Feb 09, 2024, 14:00:00, $PRL liquidity providers can farm 4,300 $SUI rewards from @FlowX_finance. Users can find more details about the next phase of Suipearl & $PRL token in this article.

From Nov 11, 2023 14:00:00 UTC - Feb 09, 2024 14:00:00, $PRL liquidity providers can farm 4,300 $SUI rewards from @FlowX_finance

Find more details about the next phase of Suipearl & $PRL token in this article:https://t.co/xKhLAsoonI #BuildOnSui
— SuiPearl (@suipearlfi) November 12, 2023

SuiPearl official links: Website | Twitter | Telegram

That's all for this week's DeFi project updates in Sui! Stay tuned for our next update, where we'll bring you more exciting news and developments from the world of decentralized finance. We're committed to keeping you informed about the latest trends, innovations, and opportunities in the DeFi space in Sui Network. See you next time with even more exciting updates with Suipiens!

Be sure to check out Suipiens' website and social media channels to stay up-to-date on all things about Sui Blockchain!

About Suipiens: Website | Twitter | Discord