Amara Latest Progress from October to November

Amara Finance
2 min readNov 30, 2022

While the world focused on the World Cup in November, the crypto market crashed after the 4 tough months of stability. The sluggish market dissipated the enthusiasm of the market, which is the right time for Amara to lay a solid foundation. In the past two months, Amara has improved the products.

Chapter 1 Technology Development

Website update

Amara released its new official website. The aim of this update is to make the website more practical compared with the previous one. On the updated website, Launch app is the main functional part that makes it easier for users to log in the DApp with one-click.

AmaraLink update

As the bridge between Moonriver and BSC, AmaraLink was improved too. Amara team has fixed the bugs in AmaraLink to increase the cross-chain asset security and timeliness.

AmaraPay’s market plan in Vietnam

Amara did some research about the Vietnam OTC market in November. With a feasibility study on Vietnamese Dong OTC products, Amara will first invest in the Vietnam OTC market to develop AmaraPay.

Chapter 2 Ecological Operation

AmaraLend launched on BSC

AmaraLend was officially launched on BSC in September. To date, MARA has achieved 16 million in the BSC cross-chain assets with 1453 valid transactions. The number of LP staking in AmaraLend also reached a record high. 45 lucky addresses that staked LP has received big MARA rewards.

Amara will start airdrop events about valid LP staking, follow Amara Finance on Twitter to get the updates.

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.