Ethereum Fusaka Upgrade Coming Soon, MegaETH Returns Pre-Deposit Funds, Earn >18% APR on Ecosystem Incentives and more...
Launches 🚀
Jupiter Lend launches Refinance, a feature that lets users migrate borrow/lend positions from other protocols directly into Jupiter with better rates, higher LTVs, zero slippage, and no added fees, supporting pairs like JLP/USDC, mSOL/SOL, SOL/USDC, INF/SOL, and syrupUSDC markets as the platform expands its integrated lending suite.
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Updates 📰
Kinetiq launched its governance token KNTQ on Hyperliquid, pairing it natively with USDH and enabling seamless transfers across HyperCore and HyperEVM as the ecosystem expands support for native assets.
Tom Lee’s Bitmine accumulated another 14,618 ETH (~$44.3M) within the past few hours, according to Lookonchain, continuing its steady on-chain Ethereum buildup.
Yuzu Money introduced its Asset Whitelist, giving users a transparent, real-time view of every protocol and asset the platform can deploy backing assets into, with any new additions subject to a 7-day activation window to ensure users can monitor upcoming exposures and avoid hidden mandate changes.
Swell rebranded to Voyager as it broadens its mission into AI-powered trading on Hyperliquid, introducing a new identity and leadership while keeping all existing products—swETH, rswETH, and Swellchain—fully supported. Voyager will surface real-time data and signals for assets like HYPE, ETH, BTC, PUMP, XRP, and SOL, with early access available through its new Discord ahead of an upcoming beta launch.
Fuel released its Tokenomics 2.0 proposal, outlining a stronger economic framework for the next phase of the network and opening the draft for community review as it refines incentives and long-term sustainability.
Almanak launched its Strategy Builder V1 to the public, letting users create, test, and deploy on-chain trading strategies through its AI Swarm with no coding, offering TA and LP templates, 300 free starter credits, a new role system, and upcoming features like looping strategies and the Almanak Games.
VanEck increased its exposure to ETH staking, adding 12,600 ETH (about $37.9M) to its Ethereum ETN, according to LookOnChain.
Infinex opened its INX token sale to everyone under the same $300M FDV terms, allowing $200–$5,000 bids with equal-odds allocation and refunds if oversubscribed, while Patron holders receive guaranteed higher allocations; the sale features a one-year lock with optional early unlock and vesting tied to FDV, ahead of the January 15, 2026 TGE.
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Issues ⚠️
MegaETH will refund all Pre-Deposit Bridge funds after acknowledging execution issues and misaligned expectations, with a new audited contract enabling refunds soon; the team emphasized compliance-aligned communications, reaffirmed USDm’s role in the ecosystem, and plans to re-open the USDC–USDm conversion bridge before Frontier mainnet to deepen liquidity and smooth user onboarding.
Telos Consilium deployed a rescue strategy for Earn products impacted by Stream Finance, applying updates to Surge vaults on both Mainnet and Plasma to ensure any recovered liquidity is distributed pro rata and not claimed by early withdrawers; the Treeve market has also reopened, with remaining equity allowing users to repay debt and unwind positions through the Treeve UI.
Upcoming ⏳
Ethereum signaled the upcoming Fusaka upgrade on December 3, directing users to Etheralpha’s resource hub with a live countdown, upgrade documentation, all included EIPs, and a link to the official livestream as the network prepares for the next major fork.
Today’s Exclusive Content:
Earn >18% APR on Ecosystem Incentives
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Airdrops 🪂
GAIB Foundation said its airdrop recalculation is on track and will be published early next week, with timing to be announced once finalized as the team continues processing updates.
Ten Protocol’s TGE is now live, with eligible Snappers and Stakers able to claim their $TEN allocation—50% unlocked immediately and the rest vesting over six months—while some Snappers will receive their distribution in two batches as Cookie DAO finalizes reward processing and confirms eligibility via prior registration and Proof of Humanity.
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Farms 🧑🏻🌾
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