VelocityLabs
12 Posts
Parachain
Turtle Updates at Hare-speed
Velocity Labs releases v2.0 of their Turtle bridging DApp. Turtle now supports one-click token bridging from Ethereum to Hydration, Bifrost, Moonbeam, and Mythos. Thanks to an integration of Paraspell’s XCM SDK, cross-chain support between popular Polkadot parachains has also begun rolling out.
A BounDeFil Boost to the Ecosystem
The DeFi and Infrastructure Bounty has released its September 2024 Update, detailing funding for six projects. DIA received $119.25K to integrate trade data from the Hydration Omnipool and Bifrost DEX into its price feed oracle. A Child Bounty of $20K went to Alchemy Pay for the integration of Asset Hub DOT, USDC, and USDT into their on/off ramp. KILT's Polar Project which provides tooling for bridging Polkadot parachain native tokens to Ethereum with Snowbridge received €16.8K of funding. KuCoin received $80K for integrating Asset Hub USDC support. Harbour will receive €150K for integrating Asset Hub USDC, USDT, and DOT onto their Magic Ramps, which integrate personalized IBANs into Web3 wallets for seamless bank account transfers. For $136.8K, Dip Dup is developing API endpoints that give Polkadot developers access to live market data powered by Dexscreener. This will enable them to display prices charts and trading history for Polkadot ecosystem DEXs.
Secure Like a Turtle Shell
Velocity Labs introduces Turtle a new cross-chain transfer app powered by Snowbridge. Initially supporting EthereumPolkadot bridging, future plans will include widgets for all parachains, a Turtle SDK, cross-parachain transfers, cross-chain swaps, and on-ramp capabilities.
DOT the Bounty Hunter
Velocity Labs announces the first three child bounties of the Polkadot Treasury funded DeFi and Infrastructure Bounty First, USD 63k for Kucoin for Asset Hub integration and support of USDT deposits and withdrawals. Next, USD60k for Ramp Network to integrate Asset Hub with support for USD, USDC, and DOT deposits. Finally, 118k for Zapper to integrate the EVM parachains Astar, Hydration, Moonbeam, and Acala into their Web3 portfolio dashboard.
High Velocity Future Fund
Ecosystem builder and venture studio Velocity Labs has been awarded a Decentralized Futures grant. Velocity Labs aims to transform Polkadot into an innovative DeFi hub through initiatives to improve the infrastructure of the Polkadot ecosystem and attracting high quality projects.
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