Amara Latest Progress from November to December | EN

The harvest season falls at the end of the year, especially for Amara. In the past month, Amara Finance has made positive progress in all aspects, including AmaraLend v2 doc, AmaraLink’s pre-launch, release of Amara official website 3.0, announcements of new partners, etc.

Chapter 1 Ecological operation

On December 6th, Amara announced to be integrating Chainlink Price Feeds as the go-to oracle solution for AmaraLend. By integrating the industry-leading decentralized oracle network, AmaraLend will have access to high-quality, tamper-proof price feeds that provide our users with stronger assurances that crypto assets on the lending service are accurately and reliably priced.

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In June, 2021, Amara launched a global airdrop campaign where we collected Polkadot standard addresses. Address switch is needed to realize successful airdrop distribution. Users could connect polkadot.js wallet on Dapp, submit ERC20 standard addresses (start with 0x) after verifying the eligibility.

Amara will distribute airdrop for users after listing exchange.

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AmaraLend is a multi-chain deployed lending protocol and will be deployed on Moonriver firstly. Recently, AmaraLend was on the list of Harmony’s latest approved proposals, indicating that Harmony would be an important platform for AmaraLend’s multi-chain deployment.

Harmony is an open and fast blockchain, with the mainnet running Ethereum applications with 2-second transaction finality and 1000 times lower fees.

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Amara is on Torum, the world’s largest SocialFi platform and ecosystem that is specially designed for cryptocurrency users and projects. Besides Twitter, Amara will post the latest news on Torum too, growing with friends in the cryptocurrency field.

Amara released the list of first official ambassadors and granted them Amara Ambassador Certificates for their superb contributions. New list of level 1 ambassadors will be announced at the end of December.

Committed to safety & security for our investors, Amara used Assure for the KYC (know your customer) identity verification, which had been approved. It is a strong positive step for Amara community and will help to build community trust and confidence in the project leadership.

Amara has gone into long-term partnership with ExNetwork, Philippines’ #1 crypto fund with strong ties to every major geographical crypto community in the world. At the same time, Amara announced strategic partnership with DEC.venture.

For more details, please visit:

On Nov. 17th and 19th, Amara team had meetings with Vietnam and Indian ambassadors separately.

Neal, the head of BD North America, also attended this meeting as an official delegate and shared the latest progress of Amara. Ambassadors in the two communities also shared their information and exchanged ideas with Neal.

Chapter 2 Technology development

Recently, Amara updated AmaraLend v2 doc on Wiki, detailing the background, core problems it solved and technology solution, representing the direction of Amara’s technology development for a period of time in the future.

The core technical feature of AmaraLend v2 is LP-based stablecoin, which empowers the value of the massive amount of interest-bearing assets and builds Amara’s core competency in DeFi. For those who are interested in the technology, please visit the Wiki to view the latest technical documentation.

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AmaraLink has entered the go-live sprint phase after intense development and will be pre-launched in late January 2022. AmaraLink will adopt a more mature technical solution to eventually realize the conversion of specific assets between Moonriver and Polygon and BSC, and realize the seamless flow of value between Polkadot and the other two ecosystems as Polygon and BSC.

The latest version of Amara Finance website has been launched, which is the third iteration of Amara’s website upgrade. The new website has been updated with many contents, including product solutions, partners, global community, etc., showing the latest technology development and ecological progress of Amara.

After continuous iteration, Amara Finance has formed 3 core product lines, namely AmaraLend, AmaraLink and AmaraPay. In the global community program, Amara has established localized communities in dozens of countries and regions around the world, accelerating the layout of globalization.

Welcome to visit Amara website:

About Amara Finance

Amara Finance is a cross-chain financial aggregator for NextDeFi aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world. Amara’s core products include: AmaraLend, a multi-chain deployed lending protocol focusing on long-tail assets; AmaraLink, a multisig cross-chain bridge connecting Polkadot and off-DOT world; AmaraPay, an aggregated payment gateway protocol responding swiftly across the world.

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Amara Finance

Focus on efficient circulation and none-gap value transfer among Polkadot ecological assets.