Protocol of the Week
DeFi Land
DeFi Land is multi-chain agriculture simulation game built to gamify decentralized finance. Through DeFi Land, you can engage with the most popular DeFi investment activities as games. The team at DeFi Land believes gamification will help people more easily understand complex products. Plus, you can have fun while learning about them!
DeFi Strategy of the Week
Using DeFi Land to provide liquidity, swap tokens, and stake & yield farm.
DeFi Land has all the features traditional platforms have, but now collected in one place. Rather than creating a new DeFi environment, DeFi Land runs on top of established platforms. This setup means if you use DeFi Land, you’ll actually be using already well-known AMMs/DEXs/lending protocols through the game.
Through this platform, you can engage in:
- Swaps
- Liquidity Providing
- Staking & Yield Farming
- Governance
- Customizable Lands
- Achievements
DeFi Land’s native token, DFL, is a critical component of the DeFi Land ecosystem. In addition to its use for governance, DFL is used to reward players in-game. Plus, players can stake it, bet with it, and much more.
The platform also supports NFTs and features a play-to-earn model that involves achievements, tasks, battles, and other solutions to earn income. Every NFT in DeFi Land represents a unique in-game object. These gamified items provide new opportunities to borrow, lend, provide liquidity, reward farm, and more.
Yield Farm of the Week
Using FarmHero for yield farming, NFT farming & trading, auctions.
Like DeFi Land, FarmHero is a protocol built to help people engage with the DeFi ecosystem via gamification. Also, like DeFi Land, FarmHero mixes NFT, gaming, and DeFi concepts like yield farming. It’s DeFi Land’s farming opportunities that have earned the most renown.
There are two forms of farming opportunities through FarmHero: NFT farming and yield farming. You can yield farm via FarmHero to earn their native token – $HERO. Deposit designated tokens to earn $HERO or BUSD, a dollar-pegged stablecoin on BSC. Currently, these pools are built upon Pancake central farms.
The second farming opportunity through FarmHero is NFT farming. To engage in this farming, you must first purchase a FarmHero NFT. Once you buy one of these NFTs, you can earn a percentage of the minted HERO tokens per blockchain.
Click here to view a list of FarmHero yield farming pools, and get started farming today.
News & Industry Updates
1.) Fears of Chinese Property Meltdown Trigger Broad Selloff in Equities & Crypto Markets
Crypto markets were in the red Monday morning, and many popular DeFi names were taking a beating as investors worldwide turned bearish.
2.) ‘Overlooked’ Part of Senate Infrastructure Bill Renews Worries from Crypto Lobby
A recent report from a crypto advocacy group found the planned bill includes an amendment to the tax code that will make it a felony to incorrectly report receiving cryptocurrencies, NFTs, or other digital assets.
3.) Biden Administration Plans Cryptocurrency Sanctions to Combat Ransomware
The U.S. government plans to issue guidance and impose sanctions in an ongoing effort to tamp down on ransomware attacks.
4.) 100 Years Ago, Henry Ford Proposed ‘Energy Currency’ to Replace Gold
Bitcoin appears to meet the definition of an energy-based currency proposed by the famed American inventor during the interbellum period.
5.) Derivatives Protocol Raises $3.75M in Sale of Governance Token
The Tracer Protocol completed a sale of 50M TCR tokens for 3.75M DAI, taking its total supply to a valuation of $75M at the sales end. Per CoinGecko, it has since nearly doubled to $137M.
