Out of the Wormhole — April Newsletter
Welcome to the fifth edition of OOTW, summarizing what went down in March 2022!
Table of contents
- Mobland + Wormhole: A GameFi-changer
- xAnchor — the first cross-chain native dApp
- Fantom joins the Wormhole network
- Coming soon — Aurora, Acala & Karura
- Wormhole? Or Portal? What’s the difference?
- UST(Portal) on Aave
- Wormhole V1 assets migration
- Atlas DEX 2.0 goes live
- Swim protocol launch
- Honey DeFi
- Liquid markets update
1. Mobland changes the GameFi
MOBLAND, the first-ever Mafia-themed Metaverse, offers a “Mafia-as-a-DAO” governance system that has been the #1 NFT collection on Binance (all-time volume) for 4 months running. The collab introduces exciting new concepts for cross-chain development and paves the way for more innovation. Players will be able to stake MOBLAND’s $SYNR governance token and in-game NFT assets on the Ethereum network and mint in-game assets cross-chain on BSC and multiple other chains.
To top it off, MOBLAND is offering participation in the April 20th launch to the first 10,000 members to join the new Discord server. Wormhole and MOBLAND are creating a metaverse that is chain agnostic and along with it, more possibilities, users, and liquidity than ever before.
2. Anchor goes cross-chain with Wormhole: $sAVAX now live on xAnchor
Anchor went cross chain to create the first cross-chain native DApp, powered by Wormhole. xAnchor brings all of Anchor’s features and functionality to other non-Terra blockchains, starting with Avalanche. Here’s what’s new — users can now stake $AVAX using Benqi, then use it as collateral on xAnchor to borrow $UST, interacting natively within the one DApp without ever leaving the chain. Check out their useful guide here.
3. Fantom joins the Wormhole network
Fantom — one of the most vibrant de-fi ecosystems out there — is joining the Wormhole network, giving users the ability to send UST(Portal) from any connected network to Fantom and access liquid markets on Curve and Excalibur today. Welcome, Fantom!
4. Up next: Acala, Karura and Aurora
Acala & Karura of Polkadot
The integrations continue! Up next: Acala and Karura. Acala — the first official parachain of Polkadot — operates a DeFi network that powers its stablecoin, aUSD. Wormhole enables sending native assets to both networks and allows aUSD to be bridged over to all supported chains. Read more about it here.
Aurora (EVM) on NEAR
Welcome to Wormhole, Aurora. Project Aurora — an Ethereum Virtual Machine (EVM) on the NEAR Protocol blockchain — delivers a turn-key solution for devs to operate their apps on an Ethereum-compatible, high-throughput, scalable, and future-safe platform with low transaction costs for their users.
5. Wormhole? Or Portal? What’s the difference?
Confused? You’re not alone. So, we wanted to clarify. What’s the difference? Read on.
- Wormhole (https://wormholenetwork.com/): the underlying messaging protocol
- Portal (https://portalbridge.com/): a bridge app built on top of it
6. UST(Portal) on AAVE
Good news for AAVE users. After passing the governance proposal in March, UST(Portal) is now supported to use as collateral on AAVE, creating more stablecoin choices for borrow and lending.
7. Final days! Migrate your V1 assets now
Sorry to sound like your mom, but seriously — migrate your V1 assets. The Wormhole V1 bridge will be deprecated soon. Users can either migrate selected V1 assets using migration pools or send their tokens back to their origin chain using the V1 bridge. Find out how to migrate here.
8. Atlas DEX 2.0 goes live
Built on top of Wormhole’s generic message-passing protocol, Atlas DEX supports seamless token transfers across Solana, Ethereum, BSC, Fantom, Polygon and Avalanche without a wrapped asset in sight. 1.5k tokens to choose from. Access to more than 130 DEXs. This is huge.
9. But can you Swim?
The Swim protocol has launched, and the Solana hackathon winner is now on the alpha mainnet. By leveraging Wormhole, Swim offers a unique native-to-native asset swap to and from Solana. Currently connected to BSC and Ethereum, users easily send native USDC or USDT from one chain and receive native USDC or USDT on the target — with no need for wrapped assets. Give it a try today 🎉
10. A DeFi + Portal integration as sweet as Honey
Last year, Honey Finance introduced NFT staking. Today they’ve grown into one of the largest non-marketplace NFT protocols on Solana. And as of March 2022, Honey DeFi began integrating the Portal bridge for NFT cross-chain borrowing, lending & governance. That means, Solana $HONEY tokens can be bridged to Ethereum and support governance and voting natively on those chains.