DeFi

Sui's DeFi Weekly Roundup #5 (September 11, 2023)

Harvey

Sep 11, 2023 • 6 min read

Sui's DeFi Weekly Roundup #5 (September 11, 2023)

Welcome to Sui's DeFi Weekly Roundup #5, where we bring you the freshest updates and news from the thriving DeFi projects on Sui Blockchain.

FlowX

A new token coming to FlowX Finance. $SCB - the native memecoin of @sacabamfun coming fresh in the Sui Network.

We are honored that @sacabamfun has chosen FlowX_Finance to initiate their liquidity.

Welcome to the FlowX brotherhood with open arms!#suinetwork $SUI $SCB https://t.co/8Mcs9IDCP8
— FlowX Finance (@FlowX_finance) September 8, 2023

FlowX official links: Website | Twitter | Discord

KriyaDEX

69,420 $SUI has been added to @KriyaDEX's Suinami Campaign reward pool. The Kriya team will incentivize the following pools:
• SUI - wUSDCe
• wUSDTe - wUSDCe
• cUSDCe - cUSDTe
• SUI - cUSDCe

Reward Lord just got done with his calculations!

The math adds up, @KriyaDEX's Suinami Campaign reward pool has just been refilled with 69,420 $SUI 🌊

LPs in the incentivised pools will earn these rewards over the next week. Lock your LP positions to maximise earnings. 🤑 pic.twitter.com/Z9FsgQ5b6p
— KriyaDEX.sui (@KriyaDEX) September 6, 2023

KriyaDEX official links: Website | Twitter | Discord

Typus Finance

The winner list of @TypusFinance WL is here. Winners can check the breakdown of which trait they were allocated a WL.

Tails By Typus WL winner list is out! 🏆

Check to see if you're a winner + if you're chosen for one of our exclusive partner traits with @navi_protocol @ShinamiCorp @CetusProtocol @KriyaDEX @Scallop_io @EthosWalletXYZ @_StudioMirai @blockvisionhq @bucket_protocol https://t.co/wc0xXT9St5
— Typus Finance (@TypusFinance) September 8, 2023

Typus Finance official links: Website | Twitter | Discord

Interest Protocol

@interest_dinero announces their dynamic partnership with @suiscanofficial, a feature-rich Explorer & Analytics platform for #Sui.

This integration empowers users to validate transactions, blocks, & smart contracts using the http://suiscan.xyz explorer.

Breaking Boundaries Together!🌟 We are thrilled to announce our dynamic partnership with @suiscanofficial, a feature-rich Explorer & Analytics Platform for #Sui.🤝

This integration empowers users to validate transactions, blocks, & smart contracts using the… pic.twitter.com/eZSoRUWh0z
— Interest Protocol - SUI💧 (@interest_dinero) September 6, 2023

Interest Protocol official links: Website | Twitter | Discord

Bucket Protocol

Bucket with some brand-new updates for their product with the appearance of "Unstake" feature and there is no penalty fees for unstaking!

1/ 🚀 Big News! We've added a new "Unstake" feature to give you more control and flexibility. We've also switched to USDC/BUCK for better growth and long-term benefits. No tricks, just a user-friendly approach where everyone's stake matters. 💪 pic.twitter.com/IivO5U4fsL
— Bucket Protocol (@bucket_protocol) September 7, 2023

In other news, from now on, Bucket Protocol will accept LSD (Liquidity Staking Derivatives) as collateral!

🚀 Exciting news for the #SuiEcosystem! From Day 1, Bucket Protocol will accept LSD (Liquidity Staking Derivatives) as collateral. LSD offers stakers flexibility and creates liquidity while securing the Sui network.

Read more here and dive in👇🏽🧵: https://t.co/gKKIJbs8vg pic.twitter.com/LD83xw5dqJ
— Bucket Protocol (@bucket_protocol) September 9, 2023

Bucket Protocol official links: Website | Twitter | Discord

ABEx Finance

The Cryptopedia event between @ABExFinance X @okxweb3 X @SuiNetwork has officially concluded with some amazing numbers!

@ABExFinance X @okxweb3 X @SuiNetwork Cryptopedia event has officially concluded!
In this event
· Total participating addresses: 954,700
· Total trading volume generated: $15 million USD
· Profit created for ALP: $15,300 USD
Thanks to all participants, and congratulations to all… pic.twitter.com/eUvwarwKdY
— ABEx Finance | 1st perp on Sui (@ABExFinance) September 3, 2023

In other news, the Limit Order feature of ABEx Finance has also now officially live!

Major update!📣📣📣
The Limit Order feature is now officially live!

With this feature, you can perform the following operations: 👇👇👇
- Place Limit Orders
- Set Limit Take Profits and Stop Losses
- Partial Limit Take Profits and Stop Losses#Sui #ABEx #DeFi pic.twitter.com/ADIK8TThHR
— ABEx Finance | 1st perp on Sui (@ABExFinance) August 29, 2023

ABEx Finance official links: Website | Twitter | Discord

Scallop

Scallop announced that their Sui Lending Protocol contract is now Open Source with the hope that more DeFi protocols on @SuiNetwork will recognize the myriad benefits of open-sourcing and choose to join this transparent movement!

📢 Attention #Sui Developers

Scallop is excited to announce that our Sui Lending Protocol contract is now OPEN SOURCE!🔥

We invite all developers to #BuildOnSui with Scallop💧

🔗https://t.co/hudeLKPrf2 pic.twitter.com/XTOdAUj6dC
— Scallop.sui (@Scallop_io) September 10, 2023

In other news, Scallop joined the force with @CetusProtocol in their collaboration of a Yield Campaign between the 2 Parties with the bonus reward of 1000 USD!

💧Scallop X Cetus Protocol Yield Campaign💧

In collaboration with @CetusProtocol, we are providing Scallopers with the best way to maximise your yield👀

💦1,000 USD WORTH OF BONUS REWARDS💦

🧵Read on for details pic.twitter.com/VqxG4rSwQw
— Scallop.sui (@Scallop_io) September 6, 2023

Scallop official links: Website | Twitter | Discord

NAVI Protocol

NAVI Protocol reached a new milestone of 700K users!

💚The number of Navigators is constantly increasing!

We're delighted to reach a new milestone of 700K users on our one-stop liquidity platform.

Together we will continue to spearhead #DeFi on @SuiNetwork pic.twitter.com/0aHglswBYj
— NAVI Protocol | navi.sui (@navi_protocol) September 8, 2023

In other news, NAVI Protocol announced their new partnership with Sui Name Service (SuiNS)! They will also be giving away 1o SuiNS domains and 10 NAVI WL to celebrate the integration. If you guys want to find out more about this integration, take a look at this article!

🎉 We're thrilled to announce our partnership with Sui Name Service (SuiNS), a game-changer for NAVI!

As part of this announcement, we will be giving away 10 SuiNS domains and 10 NAVI WL to celebrate the integration

⭐️ Complete tasks to win: https://t.co/mUMgZyv7SY pic.twitter.com/ppi3JRdWab
— NAVI Protocol | navi.sui (@navi_protocol) September 7, 2023

NAVI Protocol official links: Website | Twitter | Discord

Aftermath Finance

Liquidity mining incentives are now being emitted on Aftermath!

1/ Liquidity mining incentives are now being emitted on Aftermath!

Participating is easy, just deposit liquidity into any of the supported pools and stake your LP token to earn #SUI. 🚀

🧵 Follow along to start earning rewards. ⬇️#Suinami #SuiEcosystem #Bullshark pic.twitter.com/yxpwo9P2pD
— Aftermath Finance (@AftermathFi) September 6, 2023

In another update, $SUI incentives have come to Aftermath Finance! Their two largest pools - their 5-asset Wormhole stablecoin pool and their USDC/BUCK pool - are now both emitting SUI rewards for Liquidity Providers!

1/ 🚨 Incoming Update 🚨

🚀 #Sui incentives have arrived at Aftermath Finance! Our two largest pools - our 5-asset Wormhole stablecoin pool and our USDC/BUCK pool - are now both emitting SUI rewards for Liquidity Providers!#Suinami #SuiEcosystem #Bullshark pic.twitter.com/tOiorVpvr6
— Aftermath Finance (@AftermathFi) September 5, 2023

Aftermath Finance official links: Website | Twitter | Discord

Turbos Finance

Turbos released their newest campaign - the Turbos Grand Prix Campaign! To participate, users only need to keep 5K $TURBOS in their wallet & you're in the race for a weekly APR starting at 52%! To understand more about the campaign, check the article here.

Introducing Turbos Grand Prix Campaign 🏁

A high-octane race where $TURBOS fuels your journey & weekly pit stops shower you with rewards! 🏆

NO staking and NO token locking! Just keep 5K $TURBOS in your wallet & you're in the race for a weekly APR starting at 52% 📈

👀 Stay… pic.twitter.com/224mcmp34Q
— Turbos Finance (@Turbos_finance) September 7, 2023

Turbos Finance official links: Website | Twitter | Discord

ChopSui

ChopSui with the new update about the liquidator vaults. Users now can earn a share of the liquidation penalty fee!

Announcing our liquidator vaults! 💯
Read more on how you can earn a share of the liquidation penalty fee below: 👇👇👇https://t.co/2ELruYj3kC
— ChopSui💧 (@OfficialChopSui) August 28, 2023

ChopSui official links: Website | Twitter | Discord

Kana Labs

Kana Labs announced that received an investment from @vistalabs_vc, a prominent VC firm.

We are thrilled to announce an investment from @vistalabs_vc , a prominent VC firm.

This investment marks a pivotal moment in our journey to expand and make a lasting impact in the Korean market. pic.twitter.com/uzkWILFGM8
— Kana Labs @KBW2023 (@kanalabs) September 6, 2023

Kana Labs official links: Website | Twitter

Cetus

Cetus announced that they have become an official data publisher of @PythNetwork, a leading Oracle infrastructure provider in Web3!

Cetus is thrilled to become an official data publisher of @PythNetwork, a leading oracle infra provider in Web3🔮. We’re happy to publish our DEX-based price data in long term to support the #DeFi community in emerging ecosystems, and push forward the decentralization progress🐳 https://t.co/oeVGQ9MA35
— Cetus🐳 (@CetusProtocol) September 8, 2023

Cetus official links: Website | Twitter | Discord

Haedal

Say "Hello" to the new kid in the building! Haedal is now LIVE on Sui mainnet as the First Liquid Staking protocol on Sui!

Hello to all the #Sui Builders and Lovers, We are excited to announce that Haedal is now LIVE on Sui mainnet as the First Liquid Staking protocol on Sui🎆🎆 #Suinami 🌊

Visit https://t.co/eyH2RnrVIQ to stake your SUI and start earning rewards now!! 💰 pic.twitter.com/1QCmjOua5e
— Haedal🦦 (@HaedalProtocol) September 6, 2023

In other news, Haedal also announced that their liquidity pool of haSUI - SUI is live on @CetusProtocol! Users can now stake SUI to haSUI and add liquidity on Cetus for extra rewards!

We are excited to announce that liquidity pool of haSUI - SUI is LIVE on @CetusProtocol 🎉🎉 Stake SUI to haSUI and add liquidity on Cetus for extra rewards💸 #Suinami 🌊

Access via https://t.co/3R41WkPNRO pic.twitter.com/RaekOYv997
— Haedal🦦 (@HaedalProtocol) September 7, 2023

Haedal 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