Last Week in DeFi - Elixir $ELX Eligibility Checker Live, Aave Live on Sonic, Solv Protocol Joined Soneium Ecosystem, and more...
Recap of 1st week of March
Launches 🚀
Monarch Vault launched as a fully autonomous AI-managed lending vault built on @MorphoLabs. The AI agent allocates funds across Morpho markets to optimize yield, acting independently based on market conditions. Users can track decisions in real-time, ensuring full transparency. The team is developing a next version with multiple AI agents for enhanced decision-making
Solv Protocol has joined the Soneium ecosystem, enabling Bitcoin deposits to mint SolvBTC, a 1:1 BTC-backed asset. SolvBTC can be used for staking, rewards, and cross-chain liquidity, with the Staking Abstraction Layer (SAL) simplifying multi-chain staking. The integration aims to enhance scalability and unlock new DeFi strategies.
Royco Protocol is now live on Sonic, enabling users to earn boosted yields and maximize $S points. Royco serves as a marketplace where apps provide liquidity incentives, offering more opportunities for yield generation.
Aave is now live on Sonic, enabling users to borrow, supply, and earn incentives. The initial markets include USDC, WETH, and wS, with $15 million in incentives from Sonic and $800,000 from Aave. Chainlink provides price feeds, ensuring secure and reliable data.
Additional assets will be introduced as Chainlink expands oracle support on Sonic.
DIA Lumina launches on Unichain Sepolia Testnet, providing fully on-chain, verifiable oracles for Uniswap’s L2. Developers can now integrate trustless data feeds using DIA’s modular oracle framework, with mainnet deployment expected soon.
Issues ⚠️
Taiko announced the cancellation of its Takeoff x YieldNest airdrop as the partnership ends but confirmed that Taiko Takeoff continues. The next airdrop, in collaboration with Avalon Finance, is on the way, following strong demand from the first drop. Taiko also hinted at future opportunities with TAKO TAKO and Unagi Swap, encouraging users to stay engaged.
Updates 📰
President Trump signed an Executive Order establishing a Strategic Bitcoin Reserve, funded with forfeited Bitcoin held by the U.S. government. Estimated at around 200,000 BTC, these assets will be retained as a store of value rather than sold. The order also mandates a full audit of government-held digital assets and creates a U.S. Digital Asset Stockpile for forfeited non-BTC assets.
Treasury and Commerce officials are authorized to explore budget-neutral strategies for further acquisitions.
Ondo Finance is deploying OUSG to XRPL, aligning with Ripple to bridge onchain finance with legacy systems. The move aims to integrate institutional-grade financial products with existing financial infrastructure, reinforcing interoperability where trillions of dollars reside
Safe{Wallet} is now live on multiple mainnets, including Avalanche, Blast, Unichain, Sonic, X Layer, Aurora, Celo, Linea, and Berachain, alongside testnets like Sepolia, Base Sepolia, and Gnosis Chidao.
Dinero launched orbETH on Arbitrum, offering one of DeFi’s highest ETH staking yields. Users can stake ETH from Ethereum or Arbitrum One, with orbETH also live on ApeChain, Superposition, and Sanko Game Corp, expanding to more Orbit chains soon. Powered by LayerZero and Redstone.
Euler Yield integrated mEDGE and mMEV, delta-neutral DeFi yield strategies from MidasRWA, now available as collateral. Users can now borrow against these institutional-grade assets.
Rabby Wallet has integrated Sophon Chain, expanding its multi-chain support for users.
Pendle introduced a community listing process, allowing protocols to launch their own yield markets. External protocols can deploy ERC20/4626 tokens on Pendle, with a final checklist before whitelisting. The first community-listed asset is sUSDX, a synthetic USD stablecoin backed by a delta-neutral strategy.
Pendle Prime will highlight pools meeting key criteria like TVL and traction, undergoing additional audits.
Kaito AI launched the @MitosisOrg Yapper Leaderboard, highlighting top contributors to the project's mindshare. The leaderboard includes AI-analyzed tags ranking users by activity, content type, and originality.
Mitosis is also rewarding its top voters, with details available for eligibility.
Solv Protocol launched the SolvBTC.BNB Cap 2 raise, partnering with Kernel dao to offer BTC holders access to Binance Launchpool, Megadrop, and HODLER yields without selling. The initiative aims to enhance BNB DeFi rewards, with deposits now open on Solv Finance.
deBridge enabled fast cross-chain swaps for $HYPE, the native token of HyperliquidX, allowing users to trade from any major asset across DeFi. The integration streamlines access to HyperEVM, with support for more assets coming soon.
Navi Exchange has joined Orderly as the 35th DEX partner, now offering Orderly perps. As a native @SonicLabs DEX, Navi has facilitated over $214M in spot and margin trading for 4,400+ users.
Aave has introduced the Aavenomics implementation proposal, led by Aave Chan Initiative (ACI), aiming to reshape revenue distribution, update tokenomics, and define Aave’s long-term economic framework. The proposal, described as one of the most significant in Aave’s history, is open for community feedback.
Sonic Labs has whitelisted LBTC, scBTC, and x33 for $S airdrop points. LBTC (Lombard Finance) and scBTC (Rings Protocol) earn 4x activity points, while x33 (Shadow on Sonic) earns both 2x passive points and 4x activity points. The expansion provides more engagement opportunities within the Sonic ecosystem.
Sky has launched USDS on Arbitrum, offering a transparent and resilient savings solution designed for high performance.
Ozean has partnered with First Digital to integrate licensed custody services and the $FDUSD stablecoin into its RWA tokenization ecosystem. This collaboration aims to enhance the stability and efficiency of tokenized assets, leveraging FDUSD’s 1:1 USD backing and $2 billion market cap.
Resolv is now live on Morpho, enabling borrowing and amplified liquidity on Base. Users can earn 30 points for borrowing against $USR, 5 points for lending $USDC, and 10 points for supplying $RLP, with an option to loop PT-USR at 8x leverage. The integration includes Gauntlet’s USDC Core Vault for risk-adjusted yield, SeamlessFi’s $25M+ TVL USDC Vault supporting $USR and PT-USR as collateral, and Apostro’s Resolv USDC Vault, which also hosted the final Blueprint NFT raffle.
Shadow Exchange reported its first FeeM rewards distribution, with 27,342 $S claimed. The rewards will be allocated to vote incentives and community rewards. Sonic Labs' Fee Monetization (FeeM) program returns 90% of network fees generated by protocols, with Shadow optimizing rewards through ongoing fee updates and MEV strategies. The platform ranked second in FeeM earnings, reinforcing its trading activity on Sonic.
Aevo introduced Options OTC 2.0, an on-chain OTC desk on Aevo L2, addressing inefficiencies in altcoin options trading. The platform allows users to trade any Aevo-listed asset with custom strikes and expiries (up to 3 months), offering institutional-grade liquidity, zero exchange fees, and instant L2 settlement. It aims to improve asset availability, customizability, and cost-efficiency, providing an alternative to perpetuals by offering embedded leverage without liquidation risk. Traders can use options for speculation or hedging, with examples highlighting strategies for AI tokens and unlock events.
Derive has reduced fees by 50%, making perpetuals and options trading among the lowest in DeFi at 0.01% maker and 0.03% taker fees. Stakers and high-volume traders receive additional discounts, further lowering costs for active participants.
Llamaswap has integrated with Sonic Labs, enabling users to trade directly on the platform. The integration expands Sonic's accessibility within the DeFiLlama ecosystem, offering more routing options for users.
Jumper Exchange is now live on Sonic, enabling users to bridge assets like USDT, USDC, and WETH seamlessly. The integration enhances cross-chain accessibility for Sonic, facilitating smoother asset transfers.
Lido has launched stETH and wstETH on Unichain, a DeFi-native Layer 2 network built on Optimism’s OP Stack. Users can now bridge their assets via Superbridge.app, enabling access to Unichain’s ecosystem of over 80 DeFi protocols. The integration aims to enhance cross-chain liquidity while maintaining Ethereum’s security through permissionless fault proofs.
The deployment was facilitated using Lido’s Multichain Automaton, ensuring a streamlined and transparent process.
President Donald Trump issued an Executive Order on Digital Assets, directing the Presidential Working Group to advance a Crypto Strategic Reserve stating that Bitcoin and Ethereum will be central to the initiative, alongside assets like XRP, Solana, and Cardano, according to a post on Truth Social.
Morpho Labs introduces Pre-Liquidations, an open-source smart contract factory that allows borrowers to customize loan management features on Morpho markets. Users can opt into auto deleverage or auto close by setting custom liquidation parameters, enabling them to manage risk before default liquidations occur. This feature provides greater flexibility while maintaining strong guarantees for lenders within Morpho’s liquidation framework.
Upcoming ⏳
Sui announced a partnership with @worldlibertyfi, a Trump-inspired DeFi protocol focused on financial transparency. WLFI will include SUI in its strategic token reserve to support leading Web3 projects, while both teams explore product development collaborations.
Nexus teased an upcoming launch on a new virtual machine, signaling potential innovations in blockchain infrastructure. Further details have yet to be disclosed.
Scroll outlined its 2025 roadmap, focusing on security, scaling, and user experience. The network aims to become the first Stage-1 zkRollup in April and Stage-2 by year-end, introducing a Security Council, forced transactions, and permissionless batch submissions.
ETHTaipei 2025 is partnering with ETHGlobal to host a two-day conference followed by a three-day hackathon from April 1-6 in Taipei. Ethereum co-founder Vitalik Buterin will deliver a keynote and join panel discussions, alongside experts from the Ethereum Foundation, Arbitrum, Uniswap, and Polygon. The event will focus on DeFi, security, Layer 2 scaling, and zero-knowledge proofs, with technical workshops and networking opportunities. -
ETHGlobal Taipei will feature a $150,000 hackathon prize pool, attracting top developers worldwide. Tickets are now available, with full access to all forums and workshops.
Circle announced that native USDC is coming to @LineaBuild through the first-ever bridged-to-native upgrade. The transition will be seamless, maintaining the same contract address and avoiding liquidity fragmentation. Linea will also integrate CCTP V2 post-mainnet launch, enabling faster cross-chain settlement. The upgrade enhances security, frictionless transfers, and institutional on/off-ramps via Circle Mint.
Aave teased the upcoming V4 upgrade, hinting at significant improvements for the protocol. However, no further details were provided.
MegaETH is launching its testnet on March 6, with dedicated onboarding for apps and infrastructure running through March 10, followed by user onboarding. The testnet features 1.68 Ggas/sec throughput and 15ms block times, with further scaling planned. Builders can apply for the MegaForge program for early access, while users can register wallets via Discord to receive testnet ETH during onboarding.
Pell Network has introduced $PELL as the latest addition to its ecosystem, with a token generation event (TGE) coming soon.
KelpDAO has postponed its Token Generation Event (TGE) to March 2025, citing recent adverse market events. An airdrop checker is set to go live next week, followed by a detailed token distribution and unlock schedule. The revised TGE date remains tentative for early March, with confirmed exchange listings to be announced. The team is coordinating with exchange representatives and will address community concerns in an upcoming AMA.
Celo will activate its Ethereum Layer 2 mainnet on March 26, 2025, at 3 AM UTC, marking a major transition for the network. The upgrade, occurring at block height 31,057,000, aims to enhance scalability with 1-second block times, reduce technical debt, and preserve full network history. The migration ensures minimal disruption, requiring only full nodes to upgrade, while enabling trustless upgrades for node operators. The shift positions Celo for improved efficiency and future innovation within the Ethereum ecosystem.
Donald Trump will host the first White House Crypto Summit on March 7, bringing together prominent founders, CEOs, and investors from the crypto industry. The event signals increased engagement between the former president and the digital asset sector.
Chromia announces the Mimir Upgrade, launching on-chain vector databases and decentralized AI inference on March 25. This upgrade eliminates reliance on centralized cloud services, advancing AI and blockchain integration within the ecosystem.
Elixir Labs drops a hint about an upcoming TGE, signaling potential new developments within its ecosystem. While details remain undisclosed, the team suggests that more information will be revealed soon.
Derive partners with Lombard Finance and EtherFi to introduce Basis Trade Vaults, leveraging LSTs and LRTs for automated yield generation. The strategy combines spot and perpetual futures spreads with staking rewards while maintaining full BTC and ETH exposure. The vault mitigates risks by adjusting leverage in response to market conditions, ensuring efficient yield capture.
Airdrops 🪂
Orderly launched on @SonicLabs and is running a $10,000 USDC trading giveaway. Users who deposit and trade on select Orderly DEXs can win up to $500 USDC, with bonus prizes for first-time traders. The event runs from March 6 to March 12 across WOOFi, WhatExchange, Vooi, Bitoro, Navi, and BoomDEX.
Bedrock and OKX Wallet’s Pre-TGE campaign is live, with 22.2K participants and $200,000 in $BR tokens still available. Users can complete tasks before March 16, 17:00 SGT, to claim rewards.
Elixir launched the $ELX eligibility checker, allowing users to view their allocation. ELX powers governance and consensus, with 41% allocated to the community and 22% to the DAO foundation. Holders can run validators or delegate tokens for rewards, with airdrop recipients initially auto-delegated. Those who remain delegated earn a stability bonus over three months.
The final proposal for Elixir Rewards Date is live, offering a 1.25x asset boost to the first 1,000 voters.
Satoshi Protocol opened claims for its GOLD rewards and launched the Satoshi FUN waitlist. Users can check their eligibility and join via the leaderboard on the app.
Dolomite has launched its Airdrop Checker, allowing users to verify their $DOLO, $veDOLO, and options airdrop allocations ahead of TGE. 20% of the total supply is allocated to this airdrop, with 9% for active suppliers and borrowers, 10% for Minerals holders via an options airdrop at $0.045 per token, and 1% for key community contributors.
XP levels provide multipliers and bonuses, with a snapshot taken on January 6, 2025. Claims will open once TGE goes live, with updates provided via official channels.
Kelp has introduced multiple reward opportunities across Ethereum, Base, Linea, Arbitrum, and zkSync for rsETH and wrsETH liquidity providers. Users can earn 2x Kernel Points, programmatic EIGEN rewards, and protocol-specific incentives across Curve, Aerodrome, Morpho, ZeroLend, CIAN, and SyncSwap. Each platform offers varying additional rewards, including ETHFI, AERO, MORPHO, ZERO, and CIAN points, maximizing yield stacking across ecosystems.
YieldNest is airdropping tokens to the Taiko community, with allocations based on Taiko Status, which increases by accumulating points through TAIKO token holdings. Users can still qualify by leveling up. The first Taiko Takeoff airdrop provided liquidity providers with 130% APY in under a month. More details on the Taiko Takeoff x YieldNest airdrop are available in the official blog post.
Lens Reputation launched its test phase, allowing users to check their Lens Score and explore the leaderboard. The initiative aims to refine the reputation system with community feedback. Users can participate in testing through the platform and join discussions on Telegram.
Nodepay launches Season 4, introducing new earning opportunities and features for participants.
Mitosis introduced the participation framework for the Theo Network Matrix campaign, which will run in four phases, each with its own deposit cap. Eligibility is determined based on factors like Expedition Tier, Morse NFT holdings, deposits in specific Expedition Epochs, total miAssets, and community contributions. Earlier phase participants can join subsequent phases, and snapshots for eligibility criteria will be taken on March 3 at 12:00 AM UTC. More campaign details will be shared as the phases progress.
Farms 🧑🏻🌾
Suilend integrated LBTC from Lombard Finance, bringing the leading Bitcoin LST to Sui. With over 20K LBTC in circulation and $1.7B TVL across five chains, LBTC is now available for deposits with a $5M initial cap and 35%/45% open/close LTV. Depositors earn 3x Lombard Lux and DEEP rewards.
Usual partnered with @ResolvLabs to expand Morpho markets and launch a new USD0 vault with @MEVCapital. Users can now borrow USD0 or USD0++ using USR or wstUSR while earning Resolv points and Usual rewards. The new vault enhances USD0’s yield potential, boosts demand, and strengthens ecosystem integrations.
Kelp’s hgETH is now live on Pendle offering 3x Kernel Points, hgETH rewards, PENDLE incentives, and 1x Programmatic EIGEN rewards. Users can maximize yields through Pendle’s PT, YT, and LP opportunities, enhancing ETH staking returns.
Sandglass launched a Kamino Finance vault for SOL in its Main Market, offering a 5x boost—the highest among Kamino pools. The vault allows users to lock in fixed APY, bet on SOL lending yield increases, and earn trading fees as LPs. All Kamino points from the vault will be directed to YT holders, with maturity set for one year. Sandglass remains the only yield trading protocol on Solana with zero fees on generated yield.
Bunni has launched Round 4 of $BUNNI incentives, offering high APRs across Ethereum, Arbitrum, and Base for the next two weeks. Key pools include USDC-USDT (Recur) and USR-USDC (Rush) on Ethereum, USDC-USDT and ETH-USDC on Arbitrum with 33.81% APR, and an ETH-USDC pool on Base with 58.41% APR for early LPs. Double rehypothecation enhances yield across pools, with limited TVL caps favoring first-comers.
Silo Finance launched a wstkscUSD/USDC silo in collaboration with Rings Protocol, offering 22% APR alongside 10x Sonic Points and 3x Silo Points for USDC deposits. The initiative is part of a broader strategy to bootstrap liquidity, with S incentives currently allocated to USDC depositors. The vault enables users to earn multiple reward layers through the wstkscUSD-scUSD market on Silo v2.
Shadow Exchange updated $GEMS incentives for the week, with yields reaching up to 78.2% APR on stS/S and 55.6% APR on frxETH/scETH. Other notable rates include 53.4% APR for stkscETH/scETH, 39.1% APR for EURC.e/USDC.e, and 35.2% APR for USDC.e/USDT. Additionally, $GEMS will be used as vote incentives next week.
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