Sui Blockchain

Sui's DeFi Weekly Roundup #9 (October 24, 2023)

Harvey

Oct 24, 2023 • 6 min read

Sui's DeFi Weekly Roundup #9 (October 24, 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

Testnet Pass Minting Is Now Live for FlowX community. The Testnet Pass is available exclusively to all the participants of FlowX Finance Testnet. The Testnet Pass will serve as one of the essential criteria for receiving airdrop tokens from @FlowX_finance. Users can now mint the Testnet Pass at flowx.finance/mint-nft

Testnet Pass Minting Is Now Live 🔥

The Testnet Pass is available exclusively to all the participants of the @FlowX_finance Testnet. As holders of the Testnet Pass, you are the first users and dedicated supporters of #FlowX.

The Testnet Pass will serve as one of the… pic.twitter.com/HSwHf7ZOsz
— FlowX Finance (@FlowX_finance) October 12, 2023

In other news, FlowX with some new key metrics updates for the protocol:

Total trading volume surged to $14 million
Total Value Locked (TVL) on FlowX reached the ATH of over $3 million

@FlowX_finance - Key Metrics Update 🔥

Last week marked an exceptional period for the #FlowX team and our dedicated community.

We celebrated remarkable advancements in key performance indicators:

✅Our total trading volume surged to an impressive $14 million, with daily… pic.twitter.com/oyMYMokbPw
— FlowX Finance (@FlowX_finance) October 16, 2023

In other news, 2 new FaaS pools are about to appear on FlowX: SUI/wUSDC and wUSDC/wUSDT with a reward pool of 87k $SUI!

New FaaS Pools on @FlowX_finance 🔥

2 new FaaS pools are about to appear on #FlowX:
✅ SUI/wUSDC - Reward: 8,859+ SUI
✅ wUSDC/wUSDT - Reward: 78,749+ SUI

⏲️Duration: 2PM UTC, 23 Oct - 2PM UTC, 5 Nov

Enjoy it now and share the prize of more than 87,000 SUI right… pic.twitter.com/XisprGR1TZ
— FlowX Finance (@FlowX_finance) October 23, 2023

FlowX official links: Website | Twitter | Discord

Typus Finance

Typus V2 will be live on Oct 20 at 8 AM UTC, the thread below also gave a brief update on all those new updates & innovations implemented.

Wen V2? Oct 20 at 8am UTC!

Super stoked to unveil the Typus V2 framework that facilitates hyper-flexibility, better user experience & greater capital efficiency ⚡️

Dive in deeper for new updates & innovations implemented 👇🏻🧵 pic.twitter.com/4ve1K0JK3t
— Typus Finance (@TypusFinance) October 19, 2023

Typus Finance official links: Website | Twitter | Discord

Bucket Protocol

LSDfi is officially live on Bucket Protocol. afSui (LSD) is taken as Collateral to Mint $BUCK.

🎉 Exciting news! LSDfi is live on Bucket protocol!! 🚀

afSui (LSD) is taken as Collateral to Mint BUCK
Check out the 1min video tutorial here:

1) Stake Sui to afSui: @AftermathFi https://t.co/FM5Khyr6hh

2) Open a position by afSui as Collateralhttps://t.co/r3JjYhPLU5 pic.twitter.com/6ro8FDMgp2
— Bucket Protocol (@bucket_protocol) October 17, 2023

Bucket Protocol official links: Website | Twitter | Discord

Scallop

@Scallop_io has officially joined the @Cointelegraph Startup Program!

💧Partnership Announcement💧

We are extremely excited to announce that @Scallop_io has officially joined the @Cointelegraph Startup Program!

Keep a look out for updates on our exciting partnership! pic.twitter.com/pNlEym3Wsv
— Scallop (@Scallop_io) October 13, 2023

In other news, @Scallop_io has surpassed the $6M TVL milestone!

TVL MILESTONE UNLOCKED🚀@Scallop_io have just surpassed the $6M TVL milestone!

Don't miss out, the big waves are coming🌊

Join Scallop telegram and stay updated!https://t.co/LfBKWC2Jk1 pic.twitter.com/HBgYwZhovR
— Scallop (@Scallop_io) October 16, 2023

Scallop official links: Website | Twitter | Discord

NAVI Protocol

NAVI Protocol released their Q3 2023 Milestone Recap with many milestones about metrics, campaigns, partnerships, integrations, etc.

1/
NAVI Q3 2023 Milestone Recap

The NAVI protocol has come a long way since it launched on the @SuiNetwork Mainnet on Jul 27.

We are delighted to present you with this detailed report on our milestones:

📜 https://t.co/rqMiEzV1tW

For a TLDR, keep scrolling👇
— NAVI Protocol | navi.sui (@navi_protocol) October 14, 2023

In other news, NAVI also updated some APYs for this week.

📢APY Update 🆙

The yields on #NAVI have been updated for this week, with some incredibly juicy APYs 🧃#Sui -> 22.96%#USDC -> 23.25%#USDT -> 35.21%

Don't miss this industry-leading yields on https://t.co/jfsOf9sFCG ⬉🖱️ pic.twitter.com/cGIwUK79g2
— NAVI Protocol | navi.sui (@navi_protocol) October 23, 2023

NAVI Protocol official links: Website | Twitter | Discord

Haedal

Haedael announces the partnership with @surf_wallet, allowing more web2 users & degens in the ecosystem to access #Haedal and explore more possibilities!

With the integration to @surf_wallet , it allows more web2 users & degens in the ecosystem access #Haedal and explore more possibilities 🤩🤩 https://t.co/10VSA6Gesl
— Haedal🦦 (@HaedalProtocol) October 11, 2023

In other news, Haedal announced that haSUI has been accepted as collateral on @bucket_protocol. Users will be able to mint $BUCK with haSUI and interact with various applications for additional yields from now.

We are excited to announce that haSUI has been accepted as collateral on @bucket_protocol 🔥🔥 Users will be able to mint $BUCK with haSUI and interact with various applications for additional yields from now!!#Suinami 🌊 pic.twitter.com/Qlyo2pQ3mA
— Haedal🦦 (@HaedalProtocol) October 17, 2023

In other news, Haedal also announced that @DesigLabs has been integrated into Haedal. Users will soon be able to access Haedal through Desig wallet's staking function.

We are excited to announce that @DesigLabs has been integrated to Haedal on #Sui mainnet 🔥🔥 Users will soon be able to access Haedal through Desig wallet's staking function💻 https://t.co/LYYmR6KnMz
— Haedal🦦 (@HaedalProtocol) October 23, 2023

Haedal official links: Website | Twitter | Discord

Cetus

Cetus released the Q3 Report of 2023.

We're happy to share an overview of what #Cetus achieved in Q3. The @SuiNetwork entered a steady growth after months of ups & downs🚀 Cetus has always been exploring both depth & breadth of Sui DeFi. We believe this tree will bear more fruit very soon.🐳👇https://t.co/vj4fn2sdGz
— Cetus🐳 (@CetusProtocol) October 12, 2023

In other news, $CETUS has been listed on @ABExFinance. The perp trading of the token is available on-chain now!

Thanks for the listing by @ABExFinance, making $CETUS the first native token on #Sui to be listed on it🎉🎉. The perp trading of the token is available on chain now! 🌊🌊🐳 https://t.co/uqWlyn0JLY
— Cetus🐳 (@CetusProtocol) October 23, 2023

Cetus official links: Website | Twitter | Discord

Turbos Finance

Users of @SuiNetwork can now access Turbos dApp with @MetaMask thanks to Sui Snap integration by @kuna_labs

Users of @SuiNetwork can now access Turbos dApp with @MetaMask thanks to Sui Snap integration by @kuna_labs!

This integration will benefit 6.7M+ wallet addresses on @SuiNetwork ＆ enhance the accessibility of Sui dApps as a whole.

Visit our user guide: https://t.co/DFSi4OLgtx pic.twitter.com/LsPDfDtx5i
— Turbos Finance (@Turbos_finance) October 20, 2023

In other news, Turbos' 24-hour trading volume just hit $4M!

Turbos has reached a 24-hour trading volume of $4 million👏👏👏

It's not just about numbers; but a reflection of the trust and support the Sui community has placed in us.

Onward and upward🚀🚀🚀 pic.twitter.com/HKqqmak154
— Turbos Finance (@Turbos_finance) October 13, 2023

Turbos Finance official links: Website | Twitter | Discord

WispSwap

WispSwap hosted a new Twitter Space: "Sui Liquid Staking Deep Dive" with @navi_protocol, @HaedalProtocol, and @volo_sui as the guests. You can watch the Space here.

Join us for a deep dive into the world of Liquid Staking on the #Sui ecosystem! 💡

⏲️ 14th Oct, 2PM UTC

Our special guests
1. Navi Protocol @navi_protocol
2. Haedal Protocol @HaedalProtocol
3. Volo @volo_sui

Mark your calendars, set your alarms, and get ready for a… pic.twitter.com/lSew6gKYBg
— Wisp Swap (@WispSwap) October 13, 2023

WispSwap official links: Website | Twitter | Discord

Aftermath Finance

Aftermath Finance announced that they have officially launched afSUI on @SuiNetwork Mainnet. afSUI is Aftermath's liquid staked token that you receive when you stake SUI through their protocol. afSUI offers improved capital efficiency on your staked SUI while aiding the decentralization and security of Sui.

1/ We are proud to announce that we have officially launched afSUI on @SuiNetwork Mainnet!

afSUI offers improved capital efficiency on your staked SUI while aiding the decentralization and security of #Sui.

Enhance your Sui trading experience with afSUI 👇#Suinami #BuildOnSui pic.twitter.com/jeCO3EmccT
— Aftermath Finance (@AftermathFi) October 16, 2023

In other news, @DefiLlama is now tracking @AftermathFi afSUI.

Now tracking @AftermathFi afSUI on @SuiNetwork

afSUI is Aftermath's liquid staked token that you receive when you stake SUI through their protocol pic.twitter.com/F0k2opLeiv
— DefiLlama.com (@DefiLlama) October 17, 2023

In other news, afSUI has been verified and integrated by @blockvisionhq’s Portfolio Dashboard. Users can now better track their liquidity & activity of afSUI!

afSUI has been verified and integrated by @blockvisionhq’s Portfolio Dashboard.

Users can now better track their liquidity & activity of afSUI!#Sui #Suinami #BuildOnSui pic.twitter.com/vEiIHZDibO
— Aftermath Finance (@AftermathFi) October 19, 2023

Aftermath Finance 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