Ethena Introduces Converge, Lens Chain Launch Upcoming, Earn ~15% APY Returns with a Low-Risk Stablecoin Pair

Launches 🚀

• Ethena is expanding USDe, USDtb, and iUSDe issuance natively while integrating with TradFi through purpose-built formats. The assets will be supported on Converge, an EVM-compatible network designed for both permissioned and permissionless DeFi applications.

  • Five protocols have committed to building institutional-grade products on Converge, with Ethena and Securitize set to release more technical details soon.

• Napier v2 is now live across 10+ EVMs with support from 50+ partners, introducing enhanced security, new markets, and DeFi integrations. The Napier Points program will distribute 100 million points weekly starting March 17, rewarding PT/YT curation, liquidity provision, and yield trading. Curators can now start creating markets ahead of the distribution.

• DeFi Saver is the ultimate non-custodial DeFi management platform, designed to empower and optimize how you interact with top DeFi protocols like Aave, Fluid, Liquity, and more. With advanced automation and seamless position migration, users can efficiently manage their portfolios while staying protected from liquidations.

  • Automation is a game-changer for DeFi users and features like auto-repay help proactively manage risk by adjusting positions as market conditions change. Combined with powerful tools like Loan Shifter and 1-tx leverage, DeFi Saver makes DeFi more accessible, efficient, and user-friendly.

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Updates 📰

• Avantis has launched onchain crude oil (WTI) trading for qualified non-US users, leveraging Base, Pyth Network, and its AMM. This allows 24/7 trading with deep liquidity and no intermediaries. The initiative aims to expand economic freedom by bringing global commodities onchain.

• Aave v3 is now live on Celo following a unanimous governance vote. Users can supply, borrow, and stake assets, with CELO, USDT, and USDC available as collateral. The integration enhances Celo’s DeFi ecosystem with fast, low-cost transactions and potential support for additional stablecoins and RWAs.

• Satoshi Protocol has introduced Satoshi FUN, an AI-driven governance system that rewards liquidity providers and active participants based on real-time community sentiment.

• SyrupFi vaults are now live on Superform, offering up to 14% APY on USDC and USDT. Yield is generated through Maple Finance’s fixed-rate, overcollateralized lending. Users can also earn 10x CRED and Syrup Drips, convertible to SYRUP tokens.

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Upcoming ⏳

• Lens Chain is hinting towards upcoming testnet launch. With more details to be expected soon.

• Gyroscope is gearing up for the launch of GYFI, aligning governance with the protocol's growth. More details will be shared as the token generation event approaches.

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Airdrops 🪂

• KernelDAO has partnered with YieldNest to offer an exclusive YND token airdrop for Kernel restakers. Eligible users can claim rewards as part of YieldNest’s final airdrop distribution.

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Farms 🧑🏻‍🌾

• mETH Protocol's cmETH Fixed Yield Vault offers a 6.7% APY on idle ETH holdings with a simple, low-effort approach. Over 88% of the deposit cap has already been filled.

• Shadow Exchange has distributed over $2.3M in rewards this epoch, with liquidity pools offering high yields. Notable APRs include USDC/USDT at 48.5%, S/USDC at 2555%. Users can deposit liquidity at shadow.so/liquidity.

• Contango is offering multiple incentives, including OP rewards from both Contango and Compound, EtherFi points, KING rewards, and 3x Contango points on leveraged positions. Users are advised to understand the mechanics of variable rate markets before participating.

• Echelon is offering high stablecoin yields, with sUSDe at 14.72% APR, USDT at 17.06% APR, and USDC at 12.44% APR. Users can access these rates on the Echelon platform.

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Earn ~15% APY Returns with a Low-Risk Stablecoin Pair