Excited to see volume and liquidity steadily increasing on Tezos decentralized exchange @DexterExchange, both at all-time highs last week.

Lots to look forward to in #Tezos #DeFi. Here's a quick thread compiling some upcoming project releases. $XTZ

1/8
@TezosExchange will be releasing Tezex Bridge this week, allowing for easy cross-chain liquidity between Bitcoin <-> Tezos, & Ethereum <-> Tezos.

This is similar to what @renprotocol does and is a key component that allows BTC & Ethereum assets to be used in Tezos DeFi.

2/8
@StableTez is releasing nearly 20 different stable-assets tracking various currencies & commodities.

If everything goes as planned, this will establish the most diverse stable-asset ecosystem out of any DeFi ecosystem and should attract new participants.

3/8
@BenderLabs_ will be releasing their ERC-20 -> FA2 asset wrap protocol this Q1, bringing dozens of Ethereum assets over to Tezos.

Planned wrapped assets include: AAVE, BUSD, CEL, COMP, CRO, FTT, HT, HUSD, LEO, LINK, MKR, OKB, PAX, SUSHI, UNI, USDC, USDT, WBTC, WETH.

4/8
Kolibri Finance ( http://testnet.kolibri.finance/ ) is a project very similar to MakerDAO on Ethereum: it enables users to mint USD stablecoin - $kUSD - against $XTZ collateral.

It's currently in Testnet and will hopefully be moved over to mainnet within the next few months.

5/8
@TezosFinance will be the first lending platform on Tezos, similar to @compoundfinance on Ethereum. Users will be able to lend/borrow $XTZ and other Tezos assets.

Not much news about this yet, but their website says Q1 2021. Can't wait to hear more about this one.

6/8
NFTs are coming to Tezos!

@kalamint_io launching later this week

@opensea confirmed that Tezos NFTs will be added to their platform

@tzcolors recently released, which is a cool experiment that shows the potential of NFTs on Tezos: http://tzcolors.io 

7/8
This is just a glimpse of all that's coming for #Tezos. We are seeing the beginning of a very promising #DeFi ecosystem.

Expecting a lot of growth for Tezos this year, not just in price but on-chain activity. People won't be able to call it a ghost chain any longer! $XTZ

8/8
You can follow @0x265.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.