HyperLiquid Launches HyperEVM, Monad Testnet Upcoming, Weekly Airdrop Claims and Upcoming Airdrops, and many more...

Launches 🚀

• Hyper Foundation launched HyperEVM on mainnet, integrating general-purpose programmability with Hyperliquid’s financial system. The initial release includes HyperEVM blocks inheriting HyperBFT security, spot transfers between native and HyperEVM HYPE, and a WHYPE system contract for DeFi applications.

  • A bug bounty program now offers mainnet rewards for relevant reports, and developers can access raw HyperEVM block data without running a node. General ERC20 transfers and precompiles will be enabled in a future upgrade, with a staggered rollout to minimize disruption to existing L1 users.

• Nexus launched Testnet II, now open for access at app.nexus.xyz.

• STEAMM launched its beta as Sui’s first Superfluid AMM, enabling LPs to earn both swap fees and lending yields by auto-deploying idle liquidity into Suilend. The beta supports constant product pools, with initial asset pairs including SUI-USDC, SEND-SUI, and wBTC pairs at various fee tiers.

  • Users need Rootlets NFTs to interact with the platform, while non-holders can browse.

• f(x) Protocol introduces Zero-Stress Leverage Trading

  Experience up to 7X leverage with no funding fees and minimal liquidation risk.

  • Earn over 30% APR on your stablecoins by depositing USDC into the Stability Pool. Get returns from trading fees and ETH staking yield, a great way to put your stables to work.

  • Security-first approach with 12 completed audits and ongoing security reviews. Experience stable, efficient trading and yield generation on f(x) Protocol.
    Click here to trade
    Click here to earn

  • Today in DeFi is supported by f(x) Protocol

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Issues

• Abstract reported an exploit affecting Cardex, a third-party app on The Portal, leading to $400,000 in token losses. The issue stemmed from Cardex inadvertently exposing a session signer private key on its frontend, allowing unauthorized transactions. Abstract confirmed its Global Wallet and network were unaffected and credited its security team, Seal 911, and Cardex for swiftly mitigating the attack.

  • Users are advised to revoke approvals via Revoke. Abstract is working with Seal 911 to support remediation efforts.

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Updates 📰

• Michael Egorov, founder of Curve Finance, raised $5 million for Yield Basis, a DeFi liquidity solution designed to mitigate impermanent loss for tokenized Bitcoin and Ether holders. The oversubscribed funding round valued the project at $50 million, with 10% of the 1 billion YB token supply sold under a six-month cliff and two-year vesting schedule. Yield Basis is in its "test-in-production" phase, with audits ongoing before a full-scale launch.

  • The project plans to allocate 30% of tokens for community incentives and may integrate Curve’s technology to support liquidity pools, including crvUSD.

• Grayscale launched the Grayscale Pyth Trust, a single-asset investment fund offering accredited investors exposure to $PYTH.

• Infinex integrated Unichain, enabling users to deposit and store Unichain assets, bridge assets from supported chains via Swidge, and deploy Unichain Vaults.

• Silo Labs integrated Chainlink Price Feeds across Arbitrum, Base, Ethereum, Optimism, and Sonic, enhancing security for Silo V2 markets. The adoption of Chainlink's verifiable data standard aims to drive greater protocol adoption.

• Frax Finance expanded frxUSD cross-chain via LayerZero, enabling near-instant transfers at 1:1 rates. The Frax Universal Interface (FUI) simplifies bridging and management, positioning Fraxtal as a decentralized central bank. Users can stake sfrxUSD for top yields across major chains and integrate it into DeFi.

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Upcoming ⏳

• Monad announced that its testnet will launch on February 19, with less than 48 hours remaining until deployment.

• Soneium partnered with OpenSea, bringing its NFT ecosystem to a broader audience. Creators gain instant exposure, collectors access exclusive drops, and the community engages in digital culture. Legends of Venari is launching a special mint with rewards for Soneium Praelis holders, while ArcasGames introduces staking-based revenue sharing and in-game utilities. More drops and utilities are coming soon. Explore collections at OpenSea.

• LI.FI introduced Catalyst, an intents protocol designed for resource locks in smart accounts, enabling chain-abstracted experiences with Catalyst as a settlement layer. The team also launched Pioneer, an enterprise-grade solver that integrates with any chain in under an hour to bootstrap liquidity and onboard users. In partnership with Glacis Labs, LI.FI will support interop token standards through Airlift, making cross-chain assets more accessible.

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Airdrops 🪂

• Soneium Conquest enters its final stage, Immersion, with four weeks remaining to showcase web3 gaming projects. Featured builders include Astar Network for governance and staking, TiltPlayGG for competitive gaming, ArcasGames with SkillStaking integration, Mithraeum launching across multiple chains, SuperVol for gamified options trading, and SynStation for community-driven prediction markets.

• Talus announced the upcoming Tallys NFT collection waitlist, offering exclusive perks for early participants. More details on the future of Talus Agents are available in their latest blog

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Farms 🧑🏻‍🌾

• Puffer Finance opened staking for its LRT, offering high yields, $CARROT rewards, and access to $PUFFER Season 2. Users can stake ETH to participate in Ethereum’s decentralized future.

• SyrupUSDC Drips on Pendle are offering a 5x boost, bringing yields to 13.4% APY, compared to the underlying 12.6% yield. Historically, Drips have performed at 7%, making this the largest boost to date.

• Euler Labs upgraded USDS on Euler Base, introducing $33,800 in new rewards for suppliers at a 14.38% APY. Additionally, rEUL rewards are now live for USDS borrows.

• Gearbox is offering double-digit yields, with 52% APY on sUSDS from Sky and 28% APY on eETH from EtherFi. Additional opportunities are available across 25+ assets, including BTCfi and Pendle PTs.

• Superform rebalanced SuperUSDC allocations, with 5% of Ethereum capital now in Euler’s Yield USDC Vault at 12.5% APY and 50% of Base capital in Euler Base USDC at 9.7% APY. Both are backed by diversified collateral, and users can earn APY plus $EUL and $MORPHO rewards.

• YieldNest partnered with Alterscope to launch ynETH and ynETHx vaults on Euler, leveraging Alterscope’s AI-driven DeFi risk management. Built on Euler’s permissionless lending markets, the vaults aim to provide high APYs with adaptive, scalable strategies. Deposits are available via Superform for WETH, ynETHx, and ynETH.

• Bunni launched the second wave of $BUNNI incentives, expanding Rush Pools and boosting rewards. BUNNI-ETH is now a Mainnet-exclusive Rush Pool, offering up to 32% APY, while wETH-USDC pools on Ethereum, Arbitrum, and Base now rehypothecate to Aave for extra yield. Select Rush Pools have higher TVL caps, and a rebalancing update ensures optimal liquidity management. LPs must migrate to new pools to stay eligible.

• Provide GHO liquidity on Spectra for stkGHO Mar 2025 PT for up to 23% APR in fees and rewards. With more than $8M TVL, the pool delivers good returns with good liquidity and low impermanent loss risk.

  • Today in DeFi is supported by ACI

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Weekly Airdrop Claims and Upcoming Airdrops

Access our Weekly Airdrop Claims and Upcoming Airdrops section, where we provide an organized sheet of the latest airdrop opportunities. Avoid phishing risks with verified links and conveniently check which airdrops are available for claiming. Stay informed without the need to search for updates on your own.