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Today in DeFi - Maple Cuts Orthogonal, APE Staking Live, Lending on BnB Chain, and More...
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Today in DeFi - Maple Cuts Orthogonal, APE Staking Live, Lending on BnB Chain, and More...

π•―π–†π–“π–Œπ–Šπ–—'s avatar
π•―π–†π–“π–Œπ–Šπ–—
Dec 06, 2022
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Today in DeFi - Maple Cuts Orthogonal, APE Staking Live, Lending on BnB Chain, and More...
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Maple Cuts Orthogonal

Twitter avatar for @maplefinance
Maple @maplefinance
Orthogonal Trading misrepresented its financial position to M11 Credit, and we sever all ties with the firm. As a technology provider, not a lender, the Maple protocol is open and working in the best interest of all stakeholders.
maple.financeMaple severs all ties with Orthogonal Trading | MapleAs a result of material misrepresentations regarding their financial position, Maple has severed all ties with the parent entity Orthogonal Trading. Orthogonal Trading had two business arms previously associated with Maple, credit and trading, which operated separately in the roles of Pool Delegate…
2:03 PM βˆ™ Dec 5, 2022
170Likes27Retweets

Orthogonal Trading, a crypto firm that has funds stuck on FTX, and is also a significant borrower on lending protocol Maple Finance, has defaulted on eight loans totalling $36 million on Maple.
Creditor M11 Credit issued a default notice to Orthogonal for its loans, while Maple severed all ties with Orthogonal for misrepresenting its financial position.

APE Staking Live

Twitter avatar for @HorizenLabs
Horizen Labs @HorizenLabs
Ape Staking Update: The day is finally here, $APE holders. ApeStake.io...is now LIVE!πŸŽ‰ Pre-commitment period starts now. 1) Go to ApeStake.io 2) Connect your wallet 3) Stake your position On December 12th, rewards start accruing. Get ready!
apestake.ioStake Apecoin on Apestake.ioWelcome to ApeStake.io, the official site for staking your ApeCoin and Bored Ape NFTs. Join the Ape Community by earning rewards across four separate pools.
4:00 PM βˆ™ Dec 5, 2022
565Likes201Retweets

APE staking is now open for deposits, and on the 12th rewards will start accruing.

Waves Power Protocol

Twitter avatar for @TheBlock__
The Block @TheBlock__
Waves to launch DAO governance framework with token airdrop next year theblock.co/post/192065/wa…
2:02 PM βˆ™ Dec 5, 2022
76Likes29Retweets

Waves team announces Power Protocol, a new DAO governance architecture that will launch in January 2023 and will come with an airdrop of the protocol token POWER.

Aave Acquires Sonar

Twitter avatar for @AaveAave
Aave @AaveAave
GM frens - Aave Companies has Acquired @Sonar "We are thrilled the Sonar team is joining our Lens team to accelerate our social media and mobile app strategy” -@StaniKulechov (Stani.lens) Read moreπŸ‘‡
Twitter avatar for @LensProtocol
Lens Protocol 🌿 @LensProtocol
The Aave Fam is growing! It’s no secret that our team has been innovating in social media, with Lens Protocol to bring power back to users, right where it belongs. To continue our mission, we’re thrilled to announce the acquisition of @Sonar, a mobile-first metaverse. https://t.co/qlRTUFq1SO
3:00 PM βˆ™ Dec 5, 2022
154Likes32Retweets

Aave has acquired Sonar, a mobile-focused metaverse project. Sonar will be integrated with Lens to improve the social experience with NFT trading & collecting.

Nostra Alpha Live on StarkNet

Twitter avatar for @nostrafinance
Nostra (🌹,🀌) @nostrafinance
Nostra Money Market Alpha is live! 🀝 Try out the first lending and borrowing protocol live on #StarkNet mainnet. πŸ§΅πŸ‘‡
Image
11:15 AM βˆ™ Dec 5, 2022
197Likes73Retweets

Lending protocol Nostra launches alpha (with deposit limit) on StarkNet mainnet, enabling money markets with low tx costs on StarkNet.

Revert MATIC Incentives

Twitter avatar for @revertfinance
revert @revertfinance
150K MATIC accelerating Compoundor growth on Polygon
Twitter avatar for @revertfinance
revert @revertfinance
1/ EARN MATIC by auto-compounding your MATIC positions on Polygon. https://t.co/L7xnStiOcQ https://t.co/E36tkQ4mj9
1:35 AM βˆ™ Dec 6, 2022
10Likes1Retweet

LP management protocol Revert launches MATIC incentives for users using Revert’s auto-compounder on Polygon.

Intro to Venus Protocol

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