1/ 🌉 Bridging the Gap: CEXs & Asset Hub
Polkadot's ecosystem is flexible & scalable but faces challenges like liquidity fragmentation and complex onboarding. Asset Hub is here to streamline digital asset management and interaction across parachains. 🧵👇
1/ Applications now open 🏗️🔧🔧👷
Velocity Labs is proud to announce the
@Polkadot
DeFi Infra & Tooling Bounty.
590K $DOT allocated towards growing the Polkadot Blockspace Ecosystem
Big Monday!
@RampNetwork
has added
@Polkadot
's AssetHub support for easy onramp from fiat to crypto on Polkadot :)
We're happy to have worked with Ramp to make this possible.
Read more:
We're back from
@Polkadotsub0
and excited to announce our partnership with
@Bifrost
, the liquid staking standard.
We're turbocharging staking on
@Polkadot
together.
Find out more in our blogpost.
After building up liquidity from deposits, AssetHub USDT withdrawals are now LIVE on
@kucoincom
!
It took a bit longer than expected, but we made it.
Stay tuned for more integrations with KuCoin 🔵
ICYMI - last week we opened the applications for our DeFi and infrastructure bounty.
If you are an ambitious builder ready to sink your teeth on one of the most exciting and cutting edge technologies out there, this
@Polkadot
opportunity is for you.
We're honored to be a part of the Decentralized Futures program.
Working really hard to make the
@Polkadot
ecosystem the first choice for
#DeFi
builders.
Join us here:
1/9 We’re excited to announce that
@v_Labs
has been awarded a grant from the Decentralized Futures Program! This grant signifies a bold step towards revolutionizing the
#DeFi
landscape within the
@Polkadot
ecosystem.
DeFi on Polkadot will be a game changer for the crypto industry at large ⚡️⚡️
But there's a lot of work to be done to get
@Polkadot
DeFi-ready, and we can't do it without more builders.
We're ready to support your vision! Join us here:
You have absolute right to not believe me, but... last year I shared with many people & VCs that:
1. We will improve code & user security -
@PolkadotAssured
2. We will improve integrations & BD -
@v_labs
(even before Decentralized Futures program and all lay offs)
3. We will
Huge milestone from
@snowfork_inc
!
This launch embodies
@Polkadot
's values of decentralization, resilience and interop. We're excited to work with Snowbridge towards our shared goal to improve accessibility and liquidity on Polkadot!
More on this soon 👀
🚀 Snowbridge Launch on Polkadot! 🌉
We’re thrilled to announce Snowbridge is now live on Polkadot! This trustless bridge between Polkadot and Ethereum is a game-changer for interoperability in the ecosystem. 🌐✨
Exciting News: Introducing Velocity Labs 💨
We're a team of parachain founders and ecosystem agents on a mission to build the necessary infrastructure for a thriving DeFi ecosystem on Polkadot.
You can read more details here in our forum post:
We're excited to be attending
@PolkadotDecoded
! our whole team will be there - and Co-Founder and CEO
@nicolares28
will be taking on the stage to talk💧💧liquidity 💧💧on
@Polkadot
.
🔍 Have we cracked the enigma behind
@Polkadot
's liquidity challenge?
@nicolares28
, CEO of Velocity Labs (
@v_labs
), will share their research and solutions to enhance ecosystem liquidity 🔥
S P A C E M O N K E Y S ˄͎ Podcast
DOT's DeFi Roadmap
→ Bridges & Velocity
feat.
@nicolares28
w/
@GldnCalf
Show Notes:
On this episode of Space Monkeys we blast off Nicolas Arevalo from
@v_labs
on the state of Polkadot Defi and DOT's roadmap through CEX integration,
Velocity's cooking 👩🍳👩🍳👩🍳 and we need a Business Development person to help us!
Got experience on DeFi and/or CEX? 🧠
Want to join THE team building the rails for Polkadot DeFi?
Read below!
2/ The
@Polkadot
ecosystem has not been used at its fullest potential, and we want to help builders leverage its technology.
But when there's challenges, we've got solutions 🧠🧠
We've successfully partnered with
@kucoin
to integrate Polkadot AssetHub and enable USDT support. This marks the third CEX to support AssetHub, and we anticipate more to follow suit.
5/ This is an open call for all developers and companies eager to work on the
@Polkadot
ecosystem, and contribute to unleash its full potential.
Come join us! 👷🤝
@xcKernels
@wearetalisman
It’s currently in development but we already have a name for it…. You’ll be hearing about once we are closer to launching our beta version
Velocity Labs' Co-Founder and CEO
@nicolares28
will be speaking on Tuesday, March 12th at the awesome
@Polkadotsub0
Bangkok.
Join us to learn more about how we'll unleash Polkadot and position it as the premier ecosystem for
#DeFi
@alice_und_bob
Velocity Labs has been at work to solve several of the issues mentioned on your post. We’ve provided a detailed response directly on the post with our views and the initiatives which we’re carrying out.
3/ In dialogue with fellow experts and Parachain builders, we designed a bounty that will be facilitating funding for teams building on mission-critical areas 👷👷
At Velocity Labs, we're focused on bringing market infrastructure to Polkadot.
We're firm believers that dApps/Parachains should have access to CEXs, On/Off Ramps, Bridges, and Custody solutions from day 1. This is especially crucial for Polkadot's core centric roadmap...
THREAD -
@Polkadot
#PolkadotDigest
17 Jun 2024
#Polkadot
News
The JAM implementers’ prize has been announced, with up to 10 million DOT as awards for developing a JAM implementation.
@mrjasonchoi
There’s also lessons to be learned as well on bootstrapping a multichain heterogeneous ecosystem.
@Polkadot
has been doing this already into production for +3 years and Ethereums rollup centric future will bump into similar issues that we’re in the process of overcoming.
Some
S P A C E M O N K E Y S ˄͎ Podcast
DOT's DeFi Roadmap
→ Bridges & Velocity
feat.
@nicolares28
w/
@GldnCalf
Show Notes:
On this episode of Space Monkeys we blast off Nicolas Arevalo from
@v_labs
on the state of Polkadot Defi and DOT's roadmap through CEX integration,
@Chainflip
and
@subwalletapp
doing god’s work!
The Polkadot eco is launching easier ways of onboarding the network by the day. Try out this smooth UX to diversify your ETH bags into DOT.
Make sure not to leave money on the table and mint vDOT with
@Bifrost
once you’re at it 😉
Bringing native cross-chain swaps to the
@Polkadot
ecosystem is a no-brainer, and Subwallet is taking advantage of that.
Swap native $ETH to $DOT without having to leave their wallet!
This future of unified infra for the whole eco will require treasury resources, improved ecosystem tooling and significant coordination between service providers and eco teams.
Velocity will spearhead this initiative to enable a robust, safe, and frictionless token economy 🤝
Happening tomorrow at
@Polkadotsub0
!
Learning from
@Polkadot
's journey towards a future where unstoppable DeFi finds a home in our blockspace ecosystem.
Don't miss
@nicolares28
talk if you want to learn more and join us in this critical mission.
As we enter Polkadot 2.0, multiple initiatives are focused on reducing the barriers of entry for builders to access Polkadot's blockspace.
In the near future, Polkadot blockspace will provide not only shared security but also shared infrastructure 🚀
Previously, parachain teams had to individually search for integrations as if they were standalone chains. Parity provided infra for DOT on the RC, but lacked mechanisms to support the ecosystem's infra needs. This added to the long list of reqs. for parachain teams to go live.
2/ Introducing the grantees:
@kucoincom
has been awarded $63,000 USD for its Asset Hub integration with support for USDT deposits/withdrawals. This has several benefits to Polkadot including the improvement of accessibility to our ecosystem.
5/ We’re proud of our progress but barely getting started! We need more teams to join our mission of unleashing
@polkadot
’s DeFi potential.
Do you think YOU can help us?
Get in touch:
Actions speak louder than words.
Great to see the
@Web3foundation
taking an active role in supporting
@centrifuge
's mission to bring on-chain credit infra into Polkadot.
We're excited to continue fostering these types of collaborations within
@Polkadot
's DeFi vertical.
⚡️
@Web3foundation
will deploy part of its treasury into real-world assets on Centrifuge, beginning with an investment in tokenized US treasuries.
We're happy to have the trailblazers behind
@Polkadot
on board with our mission to bring the world onchain!
@J0seRafael12
@nicolares28
@spazvt
Thanks for flagging this. We’ll provide our view and feedback directly on the proposal. Thanks for pushing this on behalf of the Interlay and Polkadot community!
Currently only Binance supports withdrawals/deposits and we have KuCoin hopefully coming soon.
The other way is using
@RampNetwork
which is a bit more expensive but also works to on-ramp USDC and USDT.
From L2s the easy way is using
@bigsquid0x
through Moonbeam and you land on
As a first step, we will be operating the DeFi and Infrastructure Bounty in Polkadot, as well as providing advisory services, developing tooling and infra, and helping incubate DeFi projects.
@J0seRafael12
@nicolares28
It’s definitely been a priority. We’ll have our first on-ramp putting it into production and hope to see more CEXs and others follow suit 🤞🏽
3/
@RampNetwork
, the leading on/off ramp has completed the Asset Hub integration and awarded $60,000 USD.
Ramp has committed to working on the integration of Asset Transfer API into their systems. We’ll keep the community updated about their progress!
@J0seRafael12
@nicolares28
@spazvt
Hi Jose, please use this form to get in touch with us. That way we can understand your proposal better and help on a more dedicated manner:
As it currently stands,
@Polkadot
faces several challenges with regards to tooling, accessibility and products within its ecosystem in order for DeFi to thrive.
If we coordinate and make these all possible, then the Polkadot blockspace will be unleashed.
@natalietillack
@gavofyork
@Polkadot
We're aware of that - Velocity Labs is very much focused on the now. We want to help the current Polkadot scale and be unleashed through DeFi :)
@ThomasR_SupDup
We're on it 🧠
CEX UX for XCM tokens is a hard problem in general, we hope that with demand growth this will become much more pressing to solve!
Till then, we'll need to rely on user-to-user education like the one you do :)