Today in DeFi - UBS Launches its First Tokenized Investment Fund, Usual Partners with Stargate and Expands to Arbitrum, Rujira Upcoming Live in 2025 Q1, Master Brahma Console: Go-to Onchain and more..
Launches π
UBS, one of the worldβs largest investment banks, has announced the launch of uMINT, or the "UBS USD Money Market Investment Fund Token." This tokenized investment fund, built on the Ethereum blockchain, aims to offer investors exposure to high-quality money market instruments within a conservative, risk-managed framework. While UBS did not specify the exact financial instruments included in the fund, the bank emphasized the investment's focus on maintaining a high standard of quality and risk management, according to a press release.
Genesis DIA Staking is Coming Soon!
DIA is gearing up for Lumina's mainnet launch in Q1 2025, bringing staking and slashing mechanisms to enhance the oracle networkβs resilience.
In anticipation, theyβre thrilled to unveil their Genesis $DIA staking program, offering early adopters up to 30% APY, ahead of the mainnet release.
Today in DeFi is supported in part by DIA
Updates π°
Usual Money has announced a partnership with Stargate Finance to facilitate seamless cross-chain transfers of USD0 and USD0++, connecting Ethereum and Arbitrum. Users can now utilize the Stargate bridge to move USD0 and USD0++ across these networks. While USD0 cannot be staked directly into USD0++ on Arbitrum, users can either swap USD0 for USD0++ on Arbitrum or stake USD0 on Ethereum before bridging to Arbitrum.
Abstract has partnered with Alchemy to provide enhanced blockchain infrastructure and developer tools, aimed at accelerating and improving app development on the Abstract platform.
World Chain has integrated with Across Protocol to boost interoperability, enabling fast and secure cross-chain transactions.
Base has introduced a new feature, Basename Frames, which includes a "Nominate Me" function. This feature allows users to be nominated directly for builder rewards within the Basename platform.
Skate has integrated Ton Network and Polygon to support Polymarket within the Skate Mini-app. Users can now seamlessly place bets on Polymarket via the Skate Mini-app using both Ton and Polygon networks.
Hyperlane has made TIA and stTIA, Strideβs liquid staking token for TIA, available on Eclipse, the first Solana Layer 2. This integration bridges the Cosmos modular network with the Solana ecosystem, enhancing cross-network functionality.
Layerbank has announced that Taiko has participated in its seed funding round and formed a strategic partnership with the protocol. Layerbank will join Taiko in the Liquidity Royale: Trailblazers initiative, offering additional rewards as part of the program.
Upcoming β³
Rujira, the product of a merger between KUJIRA and THORChain, is set to launch in Q1 2025. The project seeks to consolidate fragmented DeFi tools into a streamlined, user-friendly interface. By integrating major DeFi protocols and leveraging THORChainβs extensive liquidity along with KUJIRA's tools, Rujira aims to become a comprehensive one-stop platform for DeFi solutions.
Turtle Club is gearing up to launch on Berachain, allowing users to mint the first Turtle Bera badge by completing quests on Cub Quest. Turtle Club serves as a phantom liquidity layer that operates beneath integrated protocols without smart contracts. This unique setup provides access to exclusive backroom liquidity deals, enhancing yields that would typically be unavailable to individual users. Additionally, it enables users to contribute to and benefit from the sustainable growth of partner protocols.
Farms π§π»βπΎ
Deposit cbBTC and borrow USDC on Base or Ethereum mainnet to earn your share of $150,000 in incentives through the Merit Program from ACI. These incentives will be distributed over three months. For more details, click here.
Today in DeFi is supported by ACI
For sponsorships or news tips, reach us at: support@todayindefi.com
Premium Unlock: Master Brahma Console: Go-to Onchain Account
Description
Brahma Console is an onchain native account made to secure your DeFi interactions across chains. Designed for power teams, teams, and institutions, Brahma Console is bringing CEX-like UI to our favorite chains and dApps. Currently live on 7 chains including Ethereum, Arbitrum, Base and Scroll
Unlike EOAs, Brahma Console offers seamless onboarding for everyoneβfrom degens and power users to full teams.
Console: For Degens & Onchain Users πΈ
No Lock-In: Keep full control of your assets
Quick Start: Get up and running in under 30 seconds with just an email (no seed phrases!)
Passkeys Ready: Sign in and transact with ease
Console Pro: Built for Advanced Users & Teams πΌ
Smart Multi-Sig & Policies: Secure team wallets with automation and custom permissions
Stay Rewarded: Earn while you manage your onchain activities
Key Features of Brahma Console
Sub-Accounts & Customizable Policies: Sub-accounts with customizable roles, permissions, and transaction policies, including address whitelisting and time-based restrictions, cater to both personal and organizational use.
Automation & Routine Management: Automate recurring transactions, set alerts, and respond to market events to minimize manual oversight.
Enhanced Security: Multi-signature functionality and added security layers ensure robust account safety.
Brahmaβs Setup: Zero Counterparty Risk
In Brahmaβs design, Safes are fully owned by their onchain owners, eliminating counterparty risk. The Sub-Account Safe is structured as an extension of the Main Console Safe, enabling seamless, on-demand admin transactionsβeven from the Safeβs official frontend as a backup.
β οΈ Third-Party Integration Risks: Brahma Console's integrations with third-party protocols may expose users to external security risks, so careful evaluation of these services is advised.
β οΈ Custody and Security: As a non-custodial platform, users are responsible for securing their wallets, private keys, and funds, and should implement trusted security practices.
β οΈ Regulatory Compliance: Users must ensure they comply with relevant laws and regulations when using Brahma Console, as the legal landscape for DeFi is continuously evolving.
β οΈ User Responsibility: Users should conduct their own research and risk assessments before using Brahma Console and make decisions based on their risk tolerance.
Security
β Β Built on top of SAFE, Brahma Console takes security and trustworthiness seriously. As part of its commitment to providing a secure platform, Brahma Console has undergone multiple rigorous audits.
Brahma Console v2 - Main release
Spearbit Audit Report
Code4rena Audit Report
Ackee Blockchain Audit Report
Brahma Console v1 - Alpha release
Trust90 | Trust Security Audit Report
Bluethroat Labs Audit Report
Akshay Srivatav's Audit Report
The audit does not guarantee any hacks. Please do not invest with more than you can afford to lose.
Brahma Reward Campaign - KARMA Points System
Karma: The Core of Brahma's Reward System
Karma measures your engagement in Brahmaβs ecosystem. Every on-chain actionβdeposits, swaps, and liquidity provisionsβboosts your Karma score. It's based on the consistency and quality of your interactions. Funds are not locked in and users can use the funds anywhere in the ecosystem.
Badges & Levels: Milestones of Achievement
Badges represent specific achievements, guiding users through more complex tasks within the Console. As you earn badges, your Karma score and level increase, unlocking additional boosts and rewards.
Level 1: Welcome to Your Journey
At Level 1, you'll learn the basics of Brahmaβs Console and earn a 1.2x boost for simple actions like deposits, swaps, and referrals. To unlock this boost, earn 9 or more badges.
Level 2: Stepping Up (Partially Unlocked)
Level 2 introduces advanced strategies and a 1.6x boost for larger deposits, multi-chain activities, and more complex tasks with partner protocols from the likes of Pendle, Morpho, Usual Money & Bebop.
User Guide
Creating Your Console Account
Go to the Brahma Login Page and click βCreate Console / Loginβ
Choose a login method: Email Account, Google Account, or Connect with a Wallet.
Select your preferred Console Type.
If you choose Console, create a console name and enter an invite code if you have one, then click βCreate Console.β
If you choose Console Pro, set up your console by naming it and selecting the network.
Click βAdd Ownerβ to add more wallets to the console if you want
You can also choose the number of required signatures for transaction execution (execution threshold) and set up a password for login without wallet signatures (optional).
Click βNextβ, then click βSign and Create Account.β
Note: This process will incur a gas fee. It is recommended to use Arbitrum or Base networks for lower gas fees instead of using Ethereum as the network.
Earn Badges and Score KARMA Points
Go to Console Account and select the console with which you want to score KARMA points.
Click βRewardsβ in the left-side column of the website.
Scroll down to the bottom of the page and click βDeposit.β
Deposit at least $100 in any of the supported assets to activate Karma: ETH, WETH, wBTC, USDC, DAI, USDT, USDCe.Click βCreate Referral Codeβ to invite friends and earn extra rewards.
Click on the badge icon to view the instructions for each badge.
Complete the tasks associated with each badge to level up and earn KARMA points.
Multiple Airdrop Farming (Extra Booster) with Partner Protocols
Choose a partner protocol you want to engage with by clicking the icon. You will see the details of each protocolβs booster.
Partner Boosters
Morpho: Earn 1.5x more when you activate Morpho Earn Template
Pendle: Unlock a 1.5x boost when you deposit into Usual, EtherFi & BTC pools
Bebop: Earn 1.2x more KARMA on swaps over $250 when you swap
Usual Money: Earn 1x more when you activate Usual Template and 1.5x on your Pendle deposits
We will use Morpho as an example for the guide, but you can choose other protocols as well.
Click βGo to Morpho Templateβ
Choose the chain and the vault you want to deposit into.
You can choose multiple vaults at the same timeChoose the token and the amount you want to deposit in the vault.
Click βDeposit - 2 vaultsβ and confirm the transaction.
Noted: The transaction gas fee will be directly deducted from the amount you deposit in the console.
Resources
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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.