Last Week in DeFi - Aztec Launches Testnet, 1inch Launches on Solana, Aerodome Introduces Flashblocks,
Launches 🚀
Junction has launched its beta phase, offering a fast, simple, and scalable platform for cross-chain swaps with a unified UI across over 30 chains, supporting ecosystems like UTXO, EVMs, and Solana. Users can connect multiple wallets across different ecosystems, manage accounts seamlessly, and benefit from auto-routing through optimal liquidity paths. During the beta, all platform fees are waived.
Access the beta version with our exclusive code : KRAOPC
REI Network has launched Phase 2 of its REI Core Closed Beta, expanding access beyond the initial expert group. Invites will be sent via email in waves, each including substantial free credits for users to explore and test Rei Units.
Jupiter launched Ultra v2, featuring MEV Protect for low MEV rates, JupShield for scam detection, gasless trading support, and Juno, a self-learning liquidity system optimizing swaps across 50+ AMMs. Priority support is also available for Ultra v2 users.
Lido has launched its V3 Testnet on Hoodi Ethereum, allowing builders to create customized staking solutions using stVaults. These modular primitives enable flexible setups for fee structures, validation, and risk management while retaining the benefits of stETH.
Documentation and community discussions are now available for developers.
1inch has officially launched on Solana, bringing its DEX aggregation services and access to over $7B in liquidity to the ecosystem. The expansion aims to enhance trading efficiency and deepen liquidity for Solana DeFi users.
Stride has launched Stride Swap, a new DEX built on the Cosmos Hub as part of the IBC Eureka initiative. Backed by the Interchain Foundation, Stride Swap aims to become the core liquidity venue for Cosmos DeFi, featuring advanced trading tools, vaults, and rehypothecation.
The platform will handle bridge swaps and integrate stATOM.
Supra has launched its SupraEVM Testnet Alpha, introducing key enhancements to the EVM including hybrid parallel execution via SupraSTM, built-in oracles and automation, and native cross-chain communication.
Access is currently invite-only
Aztec has launched a fully decentralized, privacy-preserving L2, enabling private smart contracts and applications like DEXs, games, and social apps. Developers can now deploy private contracts in minutes, while users can run sequencer nodes to support the network.
Ethereum R1 has launched as a fully public, tokenless rollup built for decentralization and censorship resistance. Backed by donations and designed with permissionless proving and long upgrade delays, it aims to counter VC-driven L2s. Built on Taiko’s open-source stack, Ethereum R1 commits to public good funding until 2030, after which all fees will be burned.
Updates 📰
Fragmetric has launched fragBTC, the first yield-bearing Bitcoin asset on Solana, enabling BTC holders to earn BTC-denominated yield through Solana's DeFi ecosystem.
The initiative starts with SolvBTC.JUP and is developed in collaboration with Solv Protocol and Zeus Network's $zBTC by Apollo.
Talus Network has launched its Devnet and Nexus whitepaper, enabling developers to build fully onchain AI agents with real workflows. The Devnet allows testing and validation
The whitepaper details how Talus Agents can power smarter apps and compete as AI services, while emphasizing security, speed, and flexibility.
Morpho Labs has open-sourced a liquidation bot for Morpho, designed to be simple, fast, and easily configurable. The bot operates entirely through RPC calls and is ready for deployment on any EVM-compatible chain.
DeFi Saver has launched the Discover Page, a new feature that helps users easily find and compare the best DeFi opportunities across 10+ supported protocols. Users can filter markets by assets, APYs, and LTVs, sort strategies like Long ETH/BTC or Yield Farm ETH/Stables, and explore options without connecting a wallet.
Balancer has introduced the MEV-Cap Hook, a new system that dynamically adjusts pool fees based on transaction priority fees, allowing LPs to earn more from MEV without restricting access. The feature is live on Base and aims to create a more equitable DeFi environment, with broader infrastructure innovation underway.
DIA announced that Lasernet, its custom Layer-2 rollup for oracle execution, is now live on mainnet. Users can track all blocks, transactions, and oracle updates fully onchain and verifiable through explorer.diadata.org.
USD₮0 is now live on Flare, offering fast, secure, gasless USDT transfers with deep liquidity. Backed 1:1 by Tether’s USDT and powered by LayerZero’s OFT standard.
Users can transfer, migrate, and earn up to 30% APY on platforms like SparkDEX and Kinetic Markets.
Mastercard announced new end-to-end capabilities to support stablecoin transactions, enabling consumers and businesses to send and receive stablecoin payments seamlessly. Partnering with leaders across Web3, finance, and fintech, Mastercard aims to make stablecoins as easy to use as traditional bank money.
Trust Wallet has launched Stablecoin Earn, allowing users to earn competitive yields on USDT, USDC, DAI, and USDA directly from the app. Available on Ethereum, Base, Arbitrum, and BNB Chain, the service offers flexible deposits and withdrawals while maintaining full self-custody.
Powered by Morpho, Aave, and Compound.
Lombard announced a partnership with EigenLayer and the Eigen Foundation to integrate LBTC into EigenLayer’s restaking ecosystem, making it the first Bitcoin asset to do so. This allows LBTC holders to earn yields through Babylon and EigenLayer.
Scroll has achieved Stage 1 status with its Euclid upgrade, introducing a permissionless sequencer mode to enhance decentralization and censorship resistance. The upgrade includes OpenVM for more flexible zk-proof generation, a Security Council for emergency governance, and user exit guarantees.
Scroll plans to continue progressing toward Stage 2 with further decentralization improvements.
Base has officially entered Stage 1 Decentralization, marking a key milestone toward a permissionless and resilient L2. The update includes the rollout of fault proofs and a transition to a security council-led upgrade process.
LayerZero has announced LI.FI's integration of the OFT (Omnichain Fungible Token) Standard, enabling assets like weETH, USDe, WBTC, and USDT0 to bridge seamlessly across 400+ supported apps. Users benefit from unlimited cross-chain transfers while paying gas only on the source chain.
OFTs are live on platforms like Jumper Exchange, expanding LayerZero’s interoperability ecosystem.
Frax Finance has announced that Frax Share ($FXS) is being renamed to Frax ($FRAX), becoming the sole commodity token across its ecosystem. Updated contract addresses have been provided for Ethereum and Fraxtal.
Spectra has upgraded its AMM, improving liquidity efficiency by up to 100x. The enhanced design allows new pools to service trade quotes more effectively, increasing fee generation for both LPs and the protocol. Users can now create optimized pools via the Spectra app, with audited updates available on GitHub.
Euler has integrated eOracle using the ERC-7726 standard, boosting flexibility for custom lending markets with more reliable pricing.
Velodrome has secured a 1M $OP grant to boost liquidity and growth across the Optimism Superchain. The initiative will support key pools with OP incentives, targeting assets like USDT0, oUSDT, kBTC, and WETH to accelerate adoption across Superchain L2s.
Phantom now supports gasless swaps on mobile, allowing users to pay fees using the token being swapped when their SOL balance is too low. The feature requires a minimum trade of $75 and is currently mobile-only.
Ethena Labs has integrated Pendle’s eUSDe and sUSDe PTs into Aave, marking the first time billions in PT collateral are accessible on the platform. Users can now loop these fixed-yield assets against Aave’s stable borrow rates (~4%) to achieve yields up to 25% with leverage.
Scroll has ended Sessions 2, with a snapshot taken on April 30. Marks no longer accrue, but can still be viewed. Future rewards will focus on real usage, with updates expected in Q4.
Enso has launched 1-click LP migration to Unichain, letting users move Uniswap positions from any EVM chain in a single transaction. Built with LayerZero and Stargate, the tool streamlines cross-chain LP transfers and will soon be available as a widget.
Kelp has integrated Chainlink's Proof of Reserve to secure rsETH minting with automated onchain 1:1 collateral checks. The integration aims to prevent overminting and reinforce rsETH's reliability as DeFi collateral.
Morpho has launched on World App with up to $5M in rewards for lending and borrowing across curated vaults like USDC, WETH, ezETH, WBTC, and WLD. Users can access Morpho via Paperclip, Oku, and Legend front ends, all offering mobile-first interfaces with built-in bridging.
Superform has introduced yield tokenization for SuperUSDC on Base via Napier Finance. Users can earn up to 8.6% fixed APY on PTs, while LPs and YTs gain yield plus 50x Superform Points and Napier Points—without Eth gas fees.
Issues ⚠️
Loopscale experienced a security breach on April 27, where a manipulation of the RateX PT token pricing functions led to an exploit draining approximately 5.7M USDC and 1,200 SOL from its USDC and SOL Vaults. The incident impacted about 12% of total funds on Loopscale and affects only depositors to these two vaults, not borrowers or loopers.
All markets have been temporarily halted as the team works with law enforcement, security firms, and investors to recover the stolen funds and restore repayment functionality to prevent liquidations. A full technical post-mortem will be provided later.
TenArmor reported multiple suspicious attacks targeting Impermax on Base, resulting in losses of approximately $152.2K. The incident was detected through TenMonitor’s early detection system, with details available on BaseScan.
Term Labs announced that after yesterday’s oracle issue, they have recovered 556.197 ETH of the original 918 ETH loss. The remaining 362.03 ETH (~$650K) will be fully covered by the protocol treasury. Borrowers have been reimbursed, lenders can redeem as usual, and a full postmortem will follow.
Alert: Hyperliquid’s Twitter account has been compromised. Avoid clicking any links, especially those leading to Discord. Stay safe and wait for an official update from verified sources.
Upcoming ⏳
The Ethereum Pectra upgrade is now scheduled to go live on mainnet on May 7, following earlier delays from testnet activation issues. Pectra includes key Ethereum Improvement Proposals (EIPs) that are expected to significantly impact the ecosystem and staking.
MilkyWay Foundation announced $MILK tokenomics ahead of its April 29 launch, with a fixed 1 billion supply. Key allocations include contributors, ecosystem growth, and community incentives, mostly locked for 12 months with gradual vesting.
Maple announced an upcoming SyrupUSDC campaign, promising more scale and rewards. The new campaign is set to launch this week.
Hyperliquid will implement its new fee system and staking tiers on May 5 at 03:00 UTC. Users who stake $HYPE will receive reduced trading fees, with separate fee schedules for spot and perp markets. Notably, spot volume will count double toward fee tier progression.
A testnet feature allowing staking and trading account linking is live, enabling staking benefits across accounts.
Sonic Labs has launched bridged USDC support on Binance, with plans to integrate native USDC once it goes live. This marks a key step in expanding stablecoin utility within the Sonic ecosystem.
Aerodrome has unveiled Flashblocks, a major upgrade enabling transaction confirmations in just 200ms—10x faster than traditional EVM speeds. Live on Base testnet and coming to mainnet in Q2, Flashblocks enhance DEX performance through real-time trading, mitigated LVR for LPs, and a smoother UX with native revert protection
Level will allocate part of its reserves to Steakhouse USDC vaults on Morpho, aiming to boost slvlUSD stability with scalable, high-quality DeFi yield. This move diversifies its reserve strategy to support long-term growth.
Clearpool is partnering with Falcon Finance to launch USDf, a 14.3% APY overcollateralized synthetic stablecoin, on the Ozean platform. USDf will play a key role in Ozean’s Port, enabling access to RWA-backed yield strategies. Falcon brings over $140M in TVL and backing from DWF Labs.
Liquity V2 is set for mainnet redeployment by mid-May. This week, Cantina submissions are under review and being patched, with re-audits by ChainSecurity and Dedaub scheduled for next week.
Junction has released its 2025 roadmap, highlighting a phased rollout with beta testing now live, an invite-only referral program, and monthly reward seasons. The full launch will span multiple ecosystems, with completion expected by year-end.
Airdrops 🪂
Enso announced the Shortcut Speedrun event, launching May 6, where users can deploy blockchain apps in a few clicks and compete for a share of the $ENSO airdrop. The Speedrun includes challenges across DeFi, AI, social, and app deployments, with participants climbing a leaderboard by completing tasks.
Ika, Sui’s first sub-second MPC network backed by the Sui Foundation, is offering an airdrop opportunity. Users can qualify by posting about Ika via GiveRep or by locking SUI tokens through iSUI tasks for larger rewards. Full participation details and guides are available through the provided links.
MilkyWay has opened claims for its Massdrop airdrop, allowing eligible users to claim $MILK tokens until May 29, 2025, at 10AM UTC. The claim portal is now live at massdrop.milkyway.zone.
Suilend’s SEND Points Season 2 ends this May, with airdrop #2 coming soon. Usage has surged 300% since December, boosted by STEAMM and a $2M SEND buyback. Snapshots haven’t been taken yet, so users can still earn Capsules or qualify through leaderboards and Rootlets.
Mezo has launched a new rewards campaign with Galxe, offering users the chance to earn mats and other incentives. The quest is now live on Galxe.
Swell will reclaim all unclaimed wSWELL rewards earned before Feb 20 on May 15, redistributing them to active users. Going forward, unclaimed rewards older than 10 weeks will be reclaimed monthly.
Pell Network has launched an airdrop campaign with Valor Quest, offering up to 300 Pell Points and 500 Valor Points for completing in-game tasks. Points contribute to upcoming token airdrops, and the quest is now live on Galxe.
Farms 🧑🏻🌾
Drift Protocol has launched Amplify, a new feature that loops positions with automated leverage to boost exposure to yield-bearing assets, starting with JLP. Users can access Amplify directly on app.drift.trade.
Frax Finance announced that the sfrxUSD-scUSD market is now live on Silo Finance, bootstrapped with $3M scUSD from Rings Protocol. Early movers on Sonic can benefit from low borrow rates and potentially high stablecoin APYs through leverage loops.
Users can bridge sfrxUSD via Frax or stake frxUSD directly on Sonic.
Spark has onboarded the sUSDS/USDT and USDC/USDT pools on Curve Finance to its Spark Liquidity Layer (SLL), enabling deeper liquidity, improved swap demand yield, and a stronger DeFi ecosystem. The integrations are now live on Ethereum mainnet.
Shadow Exchange reported over $1.09M in rewards this epoch, with notable yields across pools. Stable pairs offered 8.7%–61% APYs, LST pools ranged from 7.3%–77%, and volatile pairs showed extremely high APYs.
Solv Protocol announced that SolvBTC.BERA is transitioning to a Proof of Liquidity (PoL) strategy on Berachain, focusing on sustainable, long-term yields by bribing reward vaults for BGT emissions.
The Boyco Pre-Deposit Campaign ends soon, with rewards distributed after May 6. New users can now deposit to start earning PoL yields
Berachain announced that the latest batch of RFRVs has been approved by the BGT Foundation, expanding reward vaults across DeFi, Bitcoin, stablecoins, and consumer apps.
The new vaults are designed to enhance PoL utility and prepare for the upcoming Boyco unlock, offering users more options to deploy liquidity and earn rewards across the ecosystem.
Kamino launched the EURC Growth Initiative on Kamino Lend, offering €100K in monthly rewards—€70K for suppliers and €30K for borrowers—in collaboration with Gauntlet. The program aims to expand EURC liquidity on Solana, with rewards continuing at the current rate for the next month.
Ledger has integrated stablecoin yield opportunities directly into Ledger Live, offering up to 9.9% APY on USDT, USDC, USDS, and DAI. Users can now earn yields while maintaining full self-custody, powered by Kiln and integrated with protocols like Aave, Compound, Morpho, Spark, and Sky.
Renzo's ezSOL can now be used as collateral on Kamino to borrow SOL and leverage up to 10x, allowing users to boost exposure across three yield sources: JitoSOL restaking, Tiprouter fees, and 500,000 weekly $REZ incentives. Max APY currently sits around 24%.
OpenEden has launched a limited-time Bills campaign, offering boosted multipliers for earning Bills points. Users earn 12x Bills by holding YT-cUSDO on Pendle, Spectra, or Napier, and 10x Bills by providing LP to cUSDO/USDC pools on Curve or Balancer.
Contango has added new markets featuring Level Finance’s stablecoin ecosystem. Users can now trade slvlUSD/USDC and access PT-lvlUSD and PT-slvlUSD pairs expiring May 29. These positions offer high leveraged returns—up to 62% ROE on lvlUSD and 36% on staked slvlUSD—allowing traders to capture fixed income opportunities through Pendle integrations.
Beefy has introduced new stablecoin vaults offering double-digit yields: 28% APY on $sDOLA from Inverse Finance, 28% on $sUSDf from Falcon Stable, and 15% on syrupUSDC from SyrupFi. These vaults provide diversified high-yield options for stablecoin holders.
Euler has launched $200K in AVAX rewards on Avalanche. savUSD lenders and USDT borrowers can now earn incentives through the K3 Capital-curated market.
Resolv has launched a new USR pool on Pendle via BNB Chain, with maturity on Nov 27, 2025. LPs earn yield from PTs, swap fees, Pendle rewards, and 45 points/day. YTs offer leveraged points, while PTs provide fixed APY for stable returns.
Stake DAO has launched a new reUSD-sDOLA strategy with ResupplyFi and Inverse Finance, now live on Onlyboost. The gauge earns over 2% of CRV inflation, distributing more than 50K CRV weekly to participants.
Shadow Exchange is offering 435% APR on the USDC/EURC.e pair, with $14.7K in rewards and over $516K in 24h volume. Liquidity providers can deposit directly on Shadow’s platform.
Drift and Exponent Finance now let users loop JitoSOL yields via the Exponent Isolated Pool. Restake into fragSOL or kySOL, deposit to earn PT tokens, and borrow JitoSOL on Drift to repeat the loop. Users earn $JTO and FUEL rewards.
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