⚡️ Flowverse #147: Unlock FLOW DeFi with MORE Markets
🌊 GM Flowverse Citizens! We've partnered with MORE Markets to help promote their innovative DeFi undercollateralized lending protocol on Flow 🌊
This partnership will include: FLOW giveaways for the community, featured posts, newsletter sponsorship. Stay tuned and let’s kick it off below 👀
💸 Sponsored: Get more from your money with MORE Markets!
Got some spare FLOW tokens? Want to put them to work and earn more?
Well, you now have a chance to with MORE Markets.
They’re introducing undercollateralized lending on Flow - a new innovation to the Flow DeFi space 🌊
The founders Patrick Perlmutter and Sheran Corera have created the inaugural DeFi lending protocol built on Flow. They’re even backed by high profile investors like Balaji Srinivasan 💰
The protocol uses a combination of Credora credit scoring oracles, achieving capital efficiencies, and a delegated asset recovery process to provide borrowers with unsecured/undercollateralized loans.
This means that users will be able to borrow up to 125% against ETH, BTC, FLOW and USD and lenders can deploy funds across curated MORE vaults!
They’re also introducing the debt token model, a new lending/borrowing initiative.
MORE Markets aims to launch this August 2024 so this is your chance to get in early and be one of their first users!
Note: they will also be giving out 50 FLOW tokens to 10 random winners each who join their beta program!
To learn more, check out their socials:
X (Formerly Twitter): https://x.com/More_Protocol
Discord: https://discord.com/invite/4vVXgCGqrQ
This is sponsored content. Please view our full disclaimer below.
In case you missed it:
🧑💻 Calling all Flow developers - begin your Cadence 1.0 upgrade today. Access the Migration Guide, which includes everything you need to know to upgrade your contracts
🏆 IncrementFi rewards system for future airdrops launched. Use our referral link and bind the referral code for a 5% boost
What’s on today:
💡 Weekly Flow News
🔥 Weekly Crypto News
📝 Flow Developer Diaries: June 2024
💸 Newsletter Sponsors
IncrementFi makes the Flowverse newsletter possible, so go check them out and thank them for their support!
IncrementFi: IncrementFi is bringing DeFi to the Flow Blockchain through their One-stop Platform. Deposit, Earn, Borrow, and Swap - Explore More Yield and Liquidity Opportunities for Fungible Tokens on Flow.
💡 Weekly Flow News
The Flow Foundation team will be at EthCC, the largest annual European Ethereum gathering, speaking, co-hosting events, judging hackathons & more
2.7 million+ transactions were registered on Flow last week. There were also 449k+ active accounts, and over 330k new accounts added
Flowverse released the first edition of the Flow Developer Diaries, a curated monthly summary of developments for various dApps in the ecosystem
Greg Santos, Senior Engineering Manager at the Flow Foundation, spoke on EVM Equivalence on Flow and whom it will benefit the most
KittyPunch announced their launch on Flow, arriving with the Crescendo upgrade
All MFL packs have sold out and their game is now available in three more languages: Portuguese, Turkish, and German
Jimbo shared an exciting update in the PuffPalz Discord featuring a merch store revamp and raffle tickets for IRL painting
Ballerz invited users to sign up to the brand new Ballerz Basket Brawlz 1v1 tournament
Gigantik announced they will be launching account linking and self custody for the platform this month and completed all of their Crescendo development work
Biconomy listed the FLOW token on its digital assets exchange
🔥 Weekly Crypto News
Blockchain analytics firm Arkham reported the German Government executed a noteworthy Bitcoin transfer of 700 BTC
Binance published its 20th reserve report, outlining both increases and decreases in the holdings of various digital assets
Jupiter announced the distribution of approximately $60 million in Active Staking Rewards (ASR) to eligible users
Rumours surfaced that Michael Dell, the billionaire founder of Dell, will purchase a large amount of Bitcoin
The North Carolina Governor Roy Cooper vetoed a bill that sought to ban the use of Central Bank Digital Currencies (CBDCs) in the state
📝 Flow Developer Diaries: June 2024
Last week, we were proud to introduce the Flow Developer Diaries 🤓
A curated monthly summary of the developments that have been occurring amongst developers and dApps on Flow 🫶
Beginning with a recap of what happened in June featuring:
🏀 NBA Top Shot
⚽️ MFL
👥 Toucans by Emerald City
🧸 Cryptoys
✨ Disney Pinnacle
Bring on July….
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