Sui Blockchain

Sui's DeFi Weekly Roundup #4 (August 31, 2023)

Harvey

Aug 31, 2023 • 5 min read

Sui's DeFi Weekly Roundup #4 (August 31, 2023)

Welcome to Sui's DeFi Weekly Roundup #4, where we bring you the freshest updates and news from the thriving DeFi projects on Sui Blockchain.

FlowX

FlowX releases a new campaign this week - ShareX, where users can grind the Zealy sprint for 10 OGs and 200k FLX points. They also sneak peek that their next mainnet event - LoyalX will soon arrive.

Go with the FlowX - Take your reward 🎁

ShareX - 10 OGs + 200K FLX points 🔥

LoyaX - coming soon...

August will be amazing month of FlowX #BuildOnSui #Sui pic.twitter.com/zvEUyf74Do
— FlowX Finance (@FlowX_finance) August 23, 2023

FlowX official links: Website | Twitter | Discord

KriyaDEX

KriyaDEX released Month 2 of their Suinami campaign with notable additions of LP staking for rewards and up to 8x APY multipliers for committed LPs.

Introducing Month 2 of Suinami campaign! 🌊

What's new?
> LP Staking for rewards
> Up to 8x APY multipliers for committed LPs

What's old?
> High APYs
> No min. lock time

📖 Discover what's in store with full guide below! 👇🏻 pic.twitter.com/ytecWpzhiC
— KriyaDEX.sui (@KriyaDEX) August 18, 2023

KriyaDEX official links: Website | Twitter | Discord

Typus Finance

Typus Finance, together with @_StudioMirai will launch their collection of 6666 3D Dynamic NFTs in early September. The NFTs are 3D and the mint is a FREE mint and will implement sponsored txns, providing a frictionless onboarding experience for users.

Introducing - Tails By Typus, launching early September.

Utilizing @SuiNetwork kiosk and @Mysten_Labs's royalties extension for a new #DeFi on-chain loyalty program.

A collection of 6666 3D Dynamic NFTs in collaboration with @_StudioMirai

Find out what we're cooking 👇🏻🧵 pic.twitter.com/8MW4Abmen3
— Typus Finance (@TypusFinance) August 28, 2023

In other news, Typus Finance also reached a new milestone this week with over $400K TVL and over $1M trading volume in their platform!

We just crossed a new milestone!!!

Over $400K TVL and over $1M trading volume 🚀 pic.twitter.com/sZsgP7Wau0
— Typus Finance (@TypusFinance) August 23, 2023

Typus Finance official links: Website | Twitter | Discord

Interest Protocol

Interest Protocol brought out a new update for the platform - the metrics dashboard in partnership with @sentioxyz. This dashboard will help users track volume, TVL, etc. easily, thereby increasing the user experience to a new level.

📊 Uncover the data-driven side of #DeFi! 🚀 With #InterestProtocol's All-New DApp #Metrics Dashboard in partnership with @sentioxyz, you can easily track

📈 Volume
💰 Total Value Locked (TVL)
👥 Active Users
🏦 Pool & Coins TVL and Volume

Explore now: https://t.co/qoaaxdQpvp… pic.twitter.com/Vso8OHfscL
— Interest Protocol - SUI💧 (@interest_dinero) August 23, 2023

In other news, Interest Protocol also announced their new partnership with @NightlyConnect, further helping users to seamlessly connect dApp with mobile devices.

🎉 Thrilled to announce a Game-Changing Partnership! 🤝@NightlyConnect is officially LIVE on #InterestProtocol, bringing you the power to seamlessly connect your #dApp with mobile devices. 📱✨

Explore the future of connectivity: https://t.co/OX52FYMKws pic.twitter.com/i30QLlfhQD
— Interest Protocol - SUI💧 (@interest_dinero) August 24, 2023

Interest Protocol official links: Website | Twitter | Discord

Bucket Protocol

Bucket announces a thread to reveal some new features coming to their LP staking in Fountain.

We're thrilled to announce some game-changing features that will supercharge your experience with Bucket Protocol's LP staking in Fountain: https://t.co/BsiRvUqBsh

We’ll be rolling out a major upgrade to give you more flexibility and control over your investments.

See below:🧵 pic.twitter.com/DRw5a4RIB6
— Bucket Protocol (@bucket_protocol) August 19, 2023

As always, Bucket also released another thread to update on their Liquidity Mining Program.

[Liquidity Mining (LM) Program Week 4 Update]
🚀 Week of 8/21-8/27

TL; DR:
- Added 31,462 SUI in rewards this week
- Incentive SUI Tank depositor exclusively
- Stake SUI/BUCK LP tokens on @AftermathFi and @KriyaDEX 🔄
- 23,724 BUCK Hodlers

Dig deeper: (0/5) 👇 pic.twitter.com/BzhMupdkPr
— Bucket Protocol (@bucket_protocol) August 22, 2023

Bucket Protocol official links: Website | Twitter | Discord

ABEx Finance

ABEx Finance reached $10 million in the trading volume after 20 days of launching!

Today marks the 20th day since the official launch of #ABEx ! #Sui #DeFi
The trading volume has officially surpassed $10 million! 💪💪💪 pic.twitter.com/LtTD3rln6s
— ABEx Finance | 1st perp on Sui (@ABExFinance) August 28, 2023

In other news, ABEx Finance has also become the most active dApp in the Sui Network with the number of active accounts reaching 546,000 last week!

@ABExFinance has now become the most active dApp in the @SuiNetwork ! 🎆🎆🎆

According to @blockvisionhq's data, the number of active accounts on #ABEx was 546,000 last week, making it the top dApp in terms of new active addresses within the Sui ecosystem. pic.twitter.com/M8UD4Olccj
— ABEx Finance | 1st perp on Sui (@ABExFinance) August 29, 2023

ABEx Finance official links: Website | Twitter | Discord

Scallop

Scallop releases a new campaign this week - Yield Incentive Program, where users are able to EARN MORE from their deposits!

💦YIELD INCENTIVE PROGRAM💦

Juicy rewards up for grabs👀

Introducing Scallop's Yield Incentive Program, where Scallopers are able to EARN MORE from their deposits!

💧Boosted APR Rates💧
SUI: 63.23%
USDC: 52.6%

Find out more👇🧵 pic.twitter.com/82a5AeiSxi
— Scallop.sui (@Scallop_io) August 21, 2023

In other news, Scallop also broke the previous record of 1M TVL, and reached the new milestone of 1.5M TVL at the time!

Breaking 1M at a time👀

Big THANK YOU to our Scallop community for your continuous support!💙@Scallop_io will continue providing value and building the best dApp on #SUI 🫡 pic.twitter.com/K5GLN4eEeL
— Scallop.sui (@Scallop_io) August 24, 2023

Scallop official links: Website | Twitter | Discord

NAVI Protocol

Navi Protocol has released their mobile app, hoping to onboard a large number of users there.

📱 Exciting News: NAVI Protocol is now mobile-friendly! Access DeFi on the go with our mobile support.

Lending and borrowing with ease.
Experience DeFi like never before.#NAVI #DeFi #MobileSupport pic.twitter.com/SktzgPNpqd
— NAVI Protocol | navi.sui (@navi_protocol) August 24, 2023

In other news, they also reached 600k users globally.

💚 Thank you all Navigators! We are committed to building a secure and reliable #DeFi on #Move

Since the official mainnet launch, NAVI Protocol has reached 600K users globally 💪 pic.twitter.com/QnMoIQaxR1
— NAVI Protocol | navi.sui (@navi_protocol) August 22, 2023

NAVI Protocol official links: Website | Twitter | Discord

Aftermath Finance

Aftermath Finance will host a new Sui Liquid Staking Twitter spacespace featuring some of the top DeFi protocols on the Sui Network such as @bucket_protocol, @Turbos_finance, @KriyaDEX, etc.

Users can follow the Space here. It will be launched on August 30th, 3 PM UTC.

📢 We are hosting another Sui Liquid Staking twitter spaces - this time with some of the top DeFi protocols on @SuiNetowk. 🔥#Sui #Suinami #SuiEcosystem #Bullshark pic.twitter.com/aFatm4Hawy
— Aftermath Finance (@AftermathFi) August 21, 2023

Aftermath Finance official links: Website | Twitter | Discord

Turbos Finance

Turbos hit a new height by reaching $1M in total transactions and accumulating $10M in trading volume!

Turbos has just zoomed past $1M total transactions and hit a cumulative trading volume of $10M! 📈💰

Huge shoutout to our pit crew - the community, for keeping our wheels spinning.

Ready, set, next lap! 🏁 pic.twitter.com/DzxTywImv1
— Turbos Finance (@Turbos_finance) August 22, 2023

In other news, $TURBOS - the native token of Turbos Finance will now be tracked by @PythNetwork, as with the new integration, the Pyth TURBOS/USD price feed is now available on more than 30 blockchains.

$TURBOS price is now turbocharged by @PythNetwork integration 🏎️🔮

This enables quick and accurate on-chain price data, setting the stage for our developer community to accelerate into next-level innovation 📷 https://t.co/pWotcjz7qj
— Turbos Finance (@Turbos_finance) August 28, 2023

Turbos Finance official links: Website | Twitter | Discord

ChopSui

Chopsui releases the information about their airdrop. Find out the details in this link.

🎈🎈
Check out our Airdrop details below! 🤟🤟🤟https://t.co/xogBv8J74W pic.twitter.com/SFoItDehYd
— ChopSui💧 (@OfficialChopSui) August 22, 2023

ChopSui official links: Website | Twitter | Discord

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