Knightly Knews Episode 24
July 3- July 9, 2022
Welcome back Knights to another weekly episode of your Knightly Knews!
Hot News
We have removed DAI-USDT farm on BNB Chain and replaced with USDC-BUSD farm. As a fully reserved stable coin with over $4B in 24h trading volume, we believe USDC is a safer option that will facilitate smoother transactions for our community. In addition, this will better align with the assets available on our Knight Lending Network as well as provide a smooth transition over to FTM Dark Knight.
💰🏰
You can now find the DAI-USDT farm in the inactive tab in the farms section.
Auto Compounders
TVL currently at 17 million on the BNB Chain.
TVL currently at 850k on the FTM Chain.
If you’re finally tired of pushing buttons as well and want to join in on some auto compound magic. 👇
https://medium.com/wolf-den/tired-of-pushing-buttons-4d9e64b8cd40
KnightSwap Lending
Previous week at 1.6 million and current week at 3.19 million network supply.
We are growing with the network usage! Remember as more users deposit collateral and borrow assets this will influence APR/APY numbers.
RainMaker incentives provided by Wolf Den with $WOLFIES
Knight Lending Network Rain Maker boosted by the Wolf Den
You can now earn bonus $WOLFIES by lending your $BUSD
ACC for GUARD increased and removed for BUSD
ACC for $GUARD in the lending network has been increased to 1.2 million and filled within an hour. We will continue to monitor and slow roll these increases.
BUSD ACC has been removed and now investors can utilize as much BUSD as they want for collateral.
Updates for these ACC increases can be found in the Knight lending channel of their discord.
Get started here👇
https://lending.knightswap.financial/network
Supporting documents👇
https://medium.com/knight-bsc-dark-knight-ftm/knight-lending-network-abb252474cf
How to supply and borrow👇
https://medium.com/knight-bsc-dark-knight-ftm/knight-lending-network-c57010d8152
Returning Partners In The Alliance
We love continuing to build up our ecosystem with our amazing partners!
Dark Spartans ($FSPA) (3 months)
https://twitter.com/KnightEcosystem/status/1545276577251876874?s=20&t=E3gjY-ztP7cuyUcdFFGddQ
Walkthrough
https://medium.com/knight-bsc-dark-knight-ftm/dark-spartan-joins-the-dark-side-1be778ff11f4
DISCLAIMER: These articles are for educational purposes only. Nothing in this article should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial adviser before making any financial decisions. Investing in general and options trading especially is risky and has the potential for one to lose most or all of their initial investment
