Sui's DeFi Weekly Roundup #6 (September 18, 2023)

Welcome to Sui's DeFi Weekly Roundup #6, where we bring you the freshest updates and news from the thriving DeFi projects on Sui Blockchain.

FlowX

FlowX Finance has officially been audited by @Verichains!

Since 2017, Verichains has been a pioneer and leading blockchain security firm in APAC, with extensive expertise in security, cryptography, and core blockchain technology. More than 200 clients trust them with $50 billion assets under protection, including several high-profile clients such as BNB Chain, Klaytn, Wemix, Line Corp, Axie Infinity, Ronin Network, and Kyber Network.

Thrilled to announce that #FlowX has officially been audited by @Verichains 🔥

Being officially audited by @Verichains (one of the best reputable audit organizations in the Crypto market) also proves our commitment:

Trying our best to bring users and projects great… pic.twitter.com/bR9xzxOuy3
— FlowX Finance (@FlowX_finance) August 30, 2023

FlowX official links: Website | Twitter | Discord

KriyaDEX

KriyaDEX joined the hype train of $SCB - the native token of @sacabamfun, Sui’s native memecoin.

By adding the liquidity, users can earn from the 1000 $SUI LP reward pool in the 1st week of listing.

We couldn’t resist! 🤌@KriyaDEX is happy to list $SCB, @sacabamfun, Sui’s native memecoin! 🌊

Buy it for the culture, add liquidity for the APY 💰
1000 $SUI LP reward pool in the 1st week of listing https://t.co/uaQUcqs0el pic.twitter.com/45wGihJwQJ
— KriyaDEX.sui (@KriyaDEX) September 10, 2023

KriyaDEX official links: Website | Twitter | Discord

Typus Finance

Typus Finance introduces the Season 1 Level Up Campaign. The special thing about the campaign is that the more you utilize Typus products, the more EXPs you will accumulate. Once you've reached the required amount of EXPs, you will be able to level up. It's obvious that when users advance to Level 2 and beyond, your Tails will start evolving and upgrading unique traits. With these new traits come new benefits for users as well!

Now that you've minted your cute af Tails and rocking it as your pfp, it's time to dive a little deeper.

Introducing - Season 1 Level Up Campaign.

We've created a leveling up mechanism to showcase these dNFTs and we're so excited to unveil it to you.

Here's the alpha 👇🏻🧵 pic.twitter.com/YyIXjZkWy1
— Typus Finance (@TypusFinance) September 14, 2023

Typus Finance official links: Website | Twitter | Discord

Bucket Protocol

A new product update from Bucket Protocol! From now $BUCK holders can use the "Redeem" function on the Bucket webpage for accepted collateral at face value. This will create arbitrage opportunities for users, keeping $BUCK stable and pegged.

Product Update: Exciting news! Introducing the 'Redeem' function on our webpage. 🔗 https://t.co/FeIjiDhrXU

This permissionless feature lets ANY BUCK holder swap their BUCK for accepted collateral at face value. 🔄 pic.twitter.com/KT1EvXlas4
— Bucket Protocol (@bucket_protocol) September 15, 2023

Bucket Protocol official links: Website | Twitter | Discord

Scallop

Scallop released the Scallop Bug Bounty Program with rewards up to 300,000$. The emphasis of the program is on smart contract security to protect user funds and maintain the platform's solvency. UI-related bugs are excluded from this program.

💧SCALLOP BUG BOUNTY💧

As Scallop continues to develop and grow, we invite the community to help us maintain the highest security standards through our bug bounty program.

💰REWARDS UP TO $300,000

Read on for details🧵 pic.twitter.com/knvzAtBEP6
— Scallop.sui (@Scallop_io) September 15, 2023

In other news, Scallop also announced they have put up an additional bounty for project teams as part of the Sui Foundation Liquid Staking Hackathon with $5000 USD in SUI Tokens as the reward. The winner will be revealed on October 2.

💰SCALLOP SUI LIQUID STAKING BOUNTY💰

As part of @SuiFoundation Liquid Staking Hackathon, Scallop is excited to share that we have put up an additional bounty for project teams!

💧$5000 USD in SUI Tokens💧

Find out more👇 pic.twitter.com/y9Lz41PJ7w
— Scallop.sui (@Scallop_io) September 14, 2023

Scallop official links: Website | Twitter | Discord

NAVI Protocol

The NAVI x Typus Minting will start on Sep 14, users will be able to mint Tails by @TypusFinance, the unique 3D Dynamic NFTs in collab with Studio Mirai.

1/3
NAVI x Typus Minting Live on Sep 14!

Navigators, starting Sep 14 you will be able to mint Tails by @TypusFinance, the unique 3D Dynamic NFTs in collab with Studio Mirai.

It’s happening here 👉 https://t.co/DNkSv3izFx pic.twitter.com/liCMc604t5
— NAVI Protocol | navi.sui (@navi_protocol) September 14, 2023

NAVI Protocol official links: Website | Twitter | Discord

Turbos Finance

The unique wallet address in @Turbos_finance has surpassed over 300K!

Turbos has crossed the 300K unique wallet address milestone🚀

Thanks to our awesome community, DeFi adoption on @SuiNetwork is soaring! ✨ pic.twitter.com/xdnwTlbZY5
— Turbos Finance (@Turbos_finance) September 11, 2023

In other news, $TURBOS - $USDT is now officially supported on @SupraOracles mainnet

$TURBOS - $USDT is now officially supported on @SupraOracles mainnet🌐

Explore the details on index 101:https://t.co/88D9FvNv2o

Turbocharge your trading experience with this new addition🪙🎢 pic.twitter.com/dTYyCpxbRr
— Turbos Finance (@Turbos_finance) September 18, 2023

Turbos Finance official links: Website | Twitter | Discord

WispSwap

@WispSwap announced their partnership with @volo_sui, including VoloSUI LST in the wispSUI LST basket. This partnership is a major boost for the Sui LSDfi ecosystem, reinforcing the commitment to decentralization within @SuiNetwork.

🚀 @WispSwap is thrilled to announce our partnership with @volo_sui, including VoloSUI LST in the wispSUI LST basket.

This partnership is a major boost for Sui LSDfi ecosystem, reinforcing our commitment to decentralization within @SuiNetwork. We're dedicated to providing Sui… https://t.co/rIrVnK2zkN
— Wisp Swap | IDO’s Coming (@WispSwap) September 12, 2023

WispSwap official links: Website | Twitter | Discord

Volo

Volo announced the completion of our first smart contract audit for $voloSUI with @MoveBit_

We are pleased to announce the completion of our first smart contract audit for $voloSUI with @MoveBit_ . At Volo, the safety and security of our users is always our top priority. As part of our standard operating procedures, we require a mandatory third-party audit before… pic.twitter.com/mhS7xtxftx
— Volo (@volo_sui) September 11, 2023

Volo 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